Excel Gold Spreadsheet Journal Book
Excel Gold Trading Spread Sheet Journal will track all your gold trading trades in a Excel Gold Spread Sheet Journal. By following this simple and easy to follow excel gold spread sheet journal writing tip, you can easily improve your gold trading results. Here is how you do it:
Step 1 - Write down WHY you're making a gold trade BEFORE opening a trade transaction on your excel gold spreadsheet journal.
Before opening a gold trade, write-down in a excel gold trading spreadsheet journal the reasons why you're making the gold trade. Just write-down in the excel gold trading spreadsheet journal a few key reasons why you are making this gold trade transaction. Be honest with this excel gold trading spreadsheet journal. If you are honest, a gold trading journal will prevent you from making the biggest mistakes in your gold trading. If you see that you are making the gold trade because of anything other than a sound gold trading strategy. DO NOT MAKE THE Gold TRADE TRANSACTION!
If you make a losing gold trade transaction, do not open another gold trade transaction immediately so as to make profits to neutralize the losses you have made, this is known as revenge gold trading, do not revenge against the gold trading 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 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 gold trade transaction BEFORE making the gold trade transaction.
Do not get trapped with a great entry gold strategy without an exit strategy. Your gold strategy should have both great entry and exit gold trading strategies. One is useless without the other.
But you ask, Why bother? I know my xauusd 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 gold exit strategy written down, you've a frame of reference when you exit a gold trade transaction. You will refer to your excel gold trading spread-sheet trading journal BEFORE exiting a gold trade. If you are closing a trade for any reason other than your original gold exit strategy, you must ask yourself why?
Your excel gold trading spreadsheet journal will save you more money than you can imagine. It will prevent you from making impulsive moves, which is usually why gold traders lose money in xauusd trading.
Step 3 - Write down why you exited the gold 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 gold spreadsheet journal will be looking back at you with glaring evidence of exactly why you are not a winning Gold trader.
Step 4 - How to Interpret the XAUUSD trading results
You must learn from your mistakes in gold trading. This is the best way for any trader to improve their trading profits. Everybody makes mistakes, but great gold 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 gold 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 xauusd trading.
This data can not be found in any book or seminar. Your excel gold spreadsheet journal is personal and is uniquely you. Your personality will determine the type of gold trader you'll become, and will also determine the type of mistakes you'll make.
Not only does your excel gold spread sheet trading journal highlight your weaknesses, it will reveal the gold trade transactions that are most profitable. After a little while you'll see the type of gold trade transaction setups that make you the most money, & a gold pattern will emerge. Don't let this data on your excel gold spreadsheet journal navigate to waste.
You should do every effort to understand why those gold trade transactions went well and try to replicate it as often as possible. Profitable gold 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 gold spreadsheet journal. Documenting your thought process is the fastest and surest way to get better at gold trading. Do this consistently, and you will learn more about your habits than you can imagine.
Your gold trading goal is to spot & break the bad habits as soon as possible. If you notice that you always hang on to a losing gold trading trade transactions for too long, you should do everything that is in your power to prevent this from happening again.
Summary
Your excel xauusd trade spreadsheet journal is gold. It contains a wealth of information that will play a vital role in your success as a gold trader. We strongly urge you to use it for at-least 1 month. If it hasn't helped improve your gold profits in thirty days, then feel free to stop. But be sure to try it before deciding not to. It may be just the gold trading tool needed to push your gold trading to the next level to becoming a successful trader.
