Excel Stock Indices Spreadsheet Journal Book

Excel Indices Trading Spread Sheet Journal will track all your trades in a Excel Indices Spread Sheet Journal. By following this simple and easy to follow excel indices spread sheet journal writing tip, you can easily improve your indices trading results. Here is how you do it:

Step 1 - Write down WHY you're making a indices trade BEFORE opening a trade transaction on your excel indices spreadsheet journal.

Before opening a indices trade, write-down in a excel indices trading spreadsheet journal the reasons why you're making the indices trade. Just write-down in excel indices trading spreadsheet journal a few key reasons why you are making this indices trade transaction. Be honest with this excel indices trading spreadsheet journal. If you are honest, a indices trading journal will prevent you from making the biggest mistakes in your indices trading. If you see that you are making the indices trade because of anything other than a sound indices trading strategy. DO NOT MAKE THE Indices TRADE TRANSACTION!

If you make a losing indices trade transaction, do not open another indices trade transaction immediately so that to make profits to neutralize the losses you have made, this is known as revenge indices trading, do not revenge against the stock index market. Switch off the PC computer, walk away, and take a very cold shower to cool down. And remember that you'll never lose money which you do not put in. A winning strategy is not only about how much you win, but how much you don't lose.

Step 2 - Write down how you'll exit the indices trade transaction BEFORE making the indices trade transaction.

Do not get trapped with a great entry indices strategy without an exit strategy. Your indices strategy should have both great entry and exit indices trading strategies. One is useless without the other.

But you ask, Why bother? I know my indices trading exit strategy. Why do I ought to have it written down?

Well, the reason is this: humans are at best irrational, impulsive, and emotional creatures. If you have your indices exit strategy written down, you've a frame of reference when you exit a indices trade transaction. You will refer to your excel indices trading spread-sheet trading journal BEFORE exiting a indices trade. If you are closing a trade for any reason other than your original indices exit strategy, you must ask yourself why?

Your excel indices trading spread sheet journal will save you more money than you can imagine. It will prevent you from making impulsive moves, which is usually why indices traders lose money in stock indices trading.

Step 3 - Write down why you exited the indices trade transaction.

This should be the same reason that you wrote down in step 2. If it is not, it is up to you to interpret it. The most common reason why most traders deviate from their trading strategy is lack of discipline. Your excel indices spreadsheet journal will be looking back at you with glaring evidence of exactly why you are not a winning Indices trader.

Step 4 - How to Interpret the Indices trading results

You must learn from your mistakes in indices trading. This is the best way for any trader to improve their profits. Everybody makes mistakes, but great indices traders are able to learn from them & not repeat.

And the best way to learn from your mistakes is to write down & document them in a excel indices trading spreadsheet trading journal. A few years down the road, you can still look back and realize that you are still making the same errors you were when you first began stock indices trading.

This data can not be found in any book or seminar. Your excel indices spreadsheet journal is personal and is uniquely you. Your personality will ascertain type of indices trader you'll become, and will also determine type of mistakes you will make.

Not only does your excel indices spreadsheet trading journal highlight your weaknesses, it will reveal the indices trade transactions that are most profitable. After a little while you'll see the type of indices trade transaction setups that make you the most money, & a indices pattern will emerge. Don't let this data on your excel indices spreadsheet journal navigate to waste.

You should do every effort to understand why those indices trade transactions went well and try to replicate it as often as possible. Profitable indices traders know their strengths and weaknesses. They play on their strengths & try to minimize their weakness.

Do not get lazy and forget to write in your excel indices spreadsheet journal. Documenting your thought process is fastest and surest way to get better at indices trading. Do this consistently, and you will learn more about your habits than you can imagine.

Your indices trading goal is to spot and break the bad habits as soon as possible. If you notice that you always hang on to a losing index trade transactions too long, you should do everything that is in your power to prevent this from happening again.

Summary

Your excel indices spreadsheet journal is indices. It contains a wealth of information that will play a vital role in your success as a indices trader. We strongly urge you to use it for at-least 1 month. If it has not helped improve your indices profits in thirty days, then feel free to stop. But be sure to try it before deciding not to. It may be just the indices trading tool needed to push your indices trading to the next level to becoming a successful trader.