Excel XAUUSD Trading Spreadsheet Journal Book
Excel Gold Trading Spread Sheet Journal will track all your trades in a Excel Gold Spread Sheet Journal. By following this simple & easy to follow excel trading gold spread-sheet trading journal writing tip, you can easily improve your trading gold 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 trading gold spreadsheet journal.
Before opening a gold trade, write down in a excel trading gold spreadsheet journal the reasons why you're making the gold trade. Just write down in the excel trading gold spreadsheet journal a few key reasons why you're making this gold trade transaction. Be honest with this excel trading gold spreadsheet journal. If you're honest, it'll prevent you from making biggest mistakes in your trading gold. 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 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 isn't only about how much you win, but how much you do not 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 trading gold strategy should have both great entry and exit trading xauusd trading strategies. One is useless without the other.
But you ask, Why bother? I know my xauusd trading 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 gold exit strategy written down, you have a frame of reference when you exit a gold trade transaction. You'll refer to your excel trading gold spread-sheet journal BEFORE exiting a gold trade. If you're closing a trade for any reason other than your original gold exit strategy, you must ask yourself why?
Your excel trading xauusd 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 trading gold.
Step 3 - Write down why you exited the gold trade transaction.
This should be the same reason that you wrote in step 2. If it is not, it is upto you to interpret it. The most common reason why traders deviate from their trading gold strategy is lack of discipline. Your excel gold spreadsheet journal will be looking back at you with glaring evidence of exactly why you're not a winning Gold trader.
Step 4 - How to Interpret the trading Gold results
You must learn from your mistakes in trading gold. 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 and not repeat.
And the best way to learn from your mistakes is to write down and document them in a excel trading gold spread-sheet journal. A few years down the road, you can still look back & realize that you are still making the same errors you were when you first began trading gold.
This data can not be found in any book or seminar. Your excel gold spreadsheet journal is personal & is uniquely you. Your personality will determine type of trader you'll become, and will also determine type of mistakes you'll make.
Not only does your excel trading gold spread sheet journal highlight your weaknesses, it'll 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, and a trading 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 & 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-down in your excel trading xauusd trading spreadsheet journal. Documenting your thought process is the fastest and surest way to get better at gold trading. Do this consistently, & you will study more about your habits than you can imagine.
Your trading gold goal is to identify and break the bad habits as soon as possible. If you notice that you always hang onto a losing gold trade transactions for too long, you should do everything that is in your power to prevent this from happening again.
Summary
Your excel xauusd trading spreadsheet journal is gold. It contains a wealth of data that will play a vital role in your success as a gold trader. We strongly urge you to use it for atleast 1 month. If it hasn't helped improve your trading gold profits in thirty days, then feel free to stop. But be sure to try it before deciding not to. It might be just the trading gold tool needed to push your trading gold to the next level to becoming a successful trader.
