Excel Indices Trading Spreadsheet Journal Book
Excel Indices Trading Spreadsheet Journal will track all your stock indexes trades in a Excel Indices Trading Spreadsheet Journal. By following this simple, easy to follow excel trading indices spreadsheet journal writing tip, you can easily improve your trading 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 trading indices spreadsheet journal.
Before opening a indices trade, write in a excel trading indices spreadsheet journal the reasons why you are making the indices trade. Just write in the excel trading indices spreadsheet journal a few key reasons why you are making this indices trade.
Be honest with this excel trading indices spreadsheet journal. If you are honest, it will prevent you from making the biggest mistakes in your trading indices. 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, do not open another indices trade immediately so as to make profits to neutralize the losses you have made, this is known as revenge indices trading, do not revenge against the stock indexes market. Shut off the computer, walk away, and take a cold shower. Remember that you will never lose money that you don't put in. A winning Indices 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 indices trade BEFORE making the indices trade.
Do not get trapped with a great entry indices strategy without an exit trading strategy. Your trading indices strategy should have both great entry and exit trading indices 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 will refer to your excel trading indices spreadsheet 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 trading indices spreadsheet 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 trading indices.
Step 3 - Write down why you exited the indices trade.
This should be the same reason that you wrote down in step 2. If it is not, it is up to you to analyze it. The most common reason why people deviate from their trading indices 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 - Analyze the trading indices results
You must learn from your mistakes in trading indices. This is the best way for anyone to improve their profits. Everybody makes mistakes, but the great indices traders are able to learn from them and not repeat.
And the best way to learn from your mistakes is to document them in a excel trading 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 trading indices.
This information cannot be found in any book or seminar. Your excel indices spreadsheet journal is personal and is uniquely you. Your personality will determine the type of indices trader you will become, and will also determine the type of mistakes you will make.
Not only does your excel trading indices spreadsheet journal highlight your weaknesses, it will reveal the stock indexes trades that are the most profitable. After a little while you will see the type of indices trade setups that make you the most money, and a trading indices pattern will emerge. Do not let this information on your excel indices spreadsheet journal go to waste.
You should do every effort to understand why those stock indexes trades went well and try to replicate it as often as possible. Profitable indices traders know their strengths and weaknesses. They play on their strengths and try to minimize their weakness.
Do not get lazy and forget to write in your excel trading indices spreadsheet journal . Documenting your thought process is the 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 trading indices goal is to identify and break the bad habits as soon as possible. If you notice that you always hang on to a losing stock indexes trades too long, you should do everything in your power to prevent this from happening again.
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 one month. If it has not helped improve your trading 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 trading indices tool needed to push your trading indices to the next level to becoming a successful indices trader.