Excel Indices Trading Spreadsheet Trade Journal Book

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

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

Before opening a indices trade, write in a excel indices spreadsheet journal the reasons why you're making the trade. Just write in the excel indices spreadsheet journal a few key reasons why you're making this trade. Be honest with this excel trade spreadsheet journal. If you are honest, it will prevent you from making the biggest mistakes in your indices trading. If you see that you are 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, don't open another indices trade 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 market. Switch off the PC computer, walk away, and take a very cold shower to cool down. And remember that you will never lose money that you don't put in. A winning strategy isn't only about how much you win, but how much you don't lose.

Step two - Write down how you will exit the trade BEFORE making the trade.

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

But you ask, Why bother? I know my indices exit strategy. Why do I have to write it 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 have a frame of reference when you exit a indices trade. You'll refer to your excel indices spread-sheet 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 spreadsheet journal will save you more money than you can imagine. It will prevent you from making impulsive moves, which is usually why traders lose money in stock indices trading.

Step 3 - Write down why you exited the trade.

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

Step 4 - How to Interpret the Stock Indices trading results

You must learn from your mistakes in indices. This is the best way for anyone 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 and document them in a excel trade spread-sheet 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 indices.

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

Not only does your excel indices spreadsheet journal highlight your weaknesses, it will reveal the stock trades that are most profitable. After a little while you will see the type of trade setups that make you the most money, & a indices pattern will emerge. Do not let this data on your excel indices spreadsheet journal go to waste.

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

Do not get lazy & forget to write in your excel trade 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 goal is to spot & break the bad habits as soon as possible. If you notice that you always hang on to a losing stock trades too long, you should do everything in your power so as to stop 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 atleast 1 month. If it hasn't helped improve your indices trade profits in thirty days, then feel free to stop. But be sure to try it before deciding not to. It might be just the tool needed to push your indices trade to the next level to becoming a successful trader.