Commodities Journal Book

Commodities trading journal will track all your trades in a commodities journal. By following this simple, easy to follow commodity journal writing tip, you can easily improve your commodity results. Here is how you do it:

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

Before opening a commodity trade position, write in a commodity journal the reasons why you are making the trade transaction. It doesn't have be long; it doesn't even have to be in compete sentences. Just write in the commodity journal a few key reasons why you are making this commodities trade.

Be honest with this commodity journal. If you are honest, it will prevent you from making the biggest mistakes in your commodity. If you see that you are making the commodity trade because of anything other than a sound commodities trading strategy. DO NOT MAKE THE Commodities TRADE TRANSACTION!

If you make a losing commodity trade, do not open another commodity transaction immediately so as to make profits to neutralize the losses you have made, this is known as revenge commodity, do not revenge against the commodities market. Turn off the computer, take a walk, take a cold shower. Remember that you will never lose money which you don't put in. A winning commodities trading strategy is not only about how much you win, but how much you do not lose.

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

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

But you ask, Why bother? I know my commodities trading exit strategy. Why do I have to write this down?

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

Your commodity journal will save you more money than you can imagine. It will prevent you from making impulsive moves, which is usually why people lose money in commodity.

Step 3 - Write down why you exited the commodity trade position.

This should be same reason that you wrote in step 2. If it is not, it's up to you to interpret it. Most common reason why traders deviate from their commodity strategy is lack of discipline. Your journal will be looking back at you with glaring evidence of exactly why you are not a winning Commodities trader.

Step 4 - How to Analyze the commodity results

You must learn from your mistakes in commodity. This is the best way for any trader to improve their profits. Everybody makes mistakes, but great commodity 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 commodity journal. A few years down the road, you can still look back and realize that you're still making the same errors you were when you first began trading commodity online.

This information cannot be found in any book or seminar. Your journal is personal and is uniquely you. Your personality will determine type of trader you'll become, and will also determine the type of mistakes you'll make.

Not only does your commodity journal highlight your weaknesses, it will reveal the commodity transactions that are the most profitable. After a little while you will see the type of commodity trade setups that make you the most money, and a commodity pattern will emerge. Don't let this data on your Commodity Trading journal go to waste.

You should do every effort to understand why those commodity trade transactions went well & try to replicate it as often as possible. Profitable commodity 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 commodity journal. Documenting your thought process is the fastest and surest way to get better at commodities trading. Do this consistently, and you will learn more about your habits than you can imagine.

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

Summary

Your commodity journal is commodity. It contains a wealth of data that will play a vital role in your success as a commodity trader.

We urge you to use it for at-least one month. If it has not helped improve your commodity profits in thirty days, then feel free to stop.

But be sure to try it before deciding not to. It might be just the commodity tool needed to push your commodity to the next level to becoming a successful trader.