Excel Stock Spread-sheet Trading Journal Book

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

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

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

If you make a losing trade transaction, don't open another trade transaction immediately so that to make profits to neutralize the losses you have made, this is known as revenge indices trading, don't revenge against the stock 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 will exit the trade transaction BEFORE making the trade transaction.

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

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

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

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

Step Three - Write down why you exited the 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 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 trader.

Step 4 - How to Interpret the results

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

And the best way to learn from your mistakes is to write down and document them in a excel indices spreadsheet 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 trader you'll become, and will also determine type of mistakes you will make.

Not only does your excel indices spreadsheet journal highlight your weaknesses, it'll reveal the trade transactions that are most profitable. After a little while you'll see the type of trade transaction setups that make you the most money, & a pattern setup 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 trade transactions went well and try to replicate it as often as possible. Profitable traders know their strengths & weaknesses. They play on their strengths and 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 & surest way to get better at indices trading. Do this consistently, & you will study more about your own habits than you can imagine.

Your goal is to identify and break the bad habits as soon as possible. If you notice that you always hang on to a losing 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 info that will play a vital role in your success as a trader. We strongly urge you to use it for at-least 1 month. If it hasn't helped improve your profits in thirty days, then feel free to stop. But be sure to try it before deciding not to. It may be just the tool needed to push your trade to the next level to becoming a successful trader.