Trade Bitcoin Trading

Excel BTCUSD Crypto Currency Spreadsheet Trade Journal Book

Excel Bitcoin Spreadsheet Journal will track all your trade transactions in a Excel BTCUSD Crypto Currency Spreadsheet Journal. By following this simple and easy to follow excel btcusd crypto currency spreadsheet trading journal writing tip, you can easily improve your bitcoin results. Here is how you do it:

Step 1 - Write down WHY you are making a bitcoin trade PRIOR TO opening a bitcoin trade on your excel bitcoin trade spread sheet journal.

Before opening a btcusd crypto currency trade, write in a excel bitcoin spread-sheet trading journal the reasons why you're making the bitcoin trade. Just write-down in the excel bitcoin spreadsheet journal a few key reasons why you're making this bitcoin trade. Be honest with this excel bitcoin trade spread sheet journal. If you're honest, it will stop you from making the biggest mistakes in your bitcoin trading. If you see that you're making the bitcoin trade transaction because of anything other than a sound bitcoin strategy. DO NOT MAKE THE Bitcoin TRADE TRANSACTION!

If you make a losing bitcoin trade, do not open another bitcoin trade immediately so as to earn profits to neutralize the losses you have made, this is referred-to as revenge bitcoin trading, do not revenge against the bitcoin crypto market. Switch off the Desktop 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 trading strategy is not only about how much you win, but how much you do not lose.

Step two - Write down how you'll exit the btcusd crypto currency trade PRIOR TO making the bitcoin trade.

Do not get trapped with a great entry bitcoin strategy without an exit strategy. Your bitcoin strategy should have both great entry & exit strategies. One is use-less without the other.

But you ask, Why bother? I know my bitcoin trade exit strategy. Why do I need to write this down?

Well, the reason is this: humans are at best irrational, impulsive, & emotional creatures. If you have your btcusd crypto currency exit strategy written, you have a point of reference when you as a trader get out of a bitcoin crypto currency trade. You'll refer to your excel bitcoin spreadsheet journal BEFORE exiting a bitcoin trade. If you're closing a trade transaction for any reason other than your original bitcoin exit strategy, you must ask yourself why?

Your excel bitcoin spread-sheet trading journal will save you more money than you can imagine. It will prevent you from making the impulsive moves, which is usually why bitcoin traders lose equity in cryptocurrency.

Step 3 - Write down why you exited the bitcoin trade.

This should be the same reason which you wrote down in step 2. If it isn't, it is upto you to analyze it. Most often reason why traders deviate from their bitcoin strategy is lack of discipline. Your excel btcusd crypto currency spread sheet trading journal will be looking back at you with glaring evidence of exactly why you're not a winning Bitcoin trader.

Step 4 - How to Analyze the Bitcoin results

You must learn from your mistakes in bitcoin trading. This is the best way for anyone to improve their profits. Everybody makes mistakes, but the great bitcoin traders are able to learn from them and not repeat.

And the best way to learn from your mistakes is to write down and doc them in a excel bitcoin trade 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 bitcoin.

This information can't be found in any book or seminar. Your excel bitcoin spread-sheet trading journal is personal & is uniquely you. Your personality will determine the type of btcusd crypto currency trader you'll become, & also will determine the type of mistakes you will make.

Not only does your excel bitcoin spread sheet journal high-light your weaknesses, it will reveal the trades that are the most profitable. After a little while you will see the type of btcusd crypto currency trading set-ups that make you as a btc/usd trader most equity, and a bitcoin pattern will emerge. Do not let this information on your excel bitcoin spread-sheet trading journal go to waste.

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

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

Summary

Your excel bitcoin spread-sheet trading journal is bitcoin. It contains a wealth of data which will play a vital role in your success as a btcusd crypto currency trader. We strongly urge you to use it for atleast one month. If it has't helped improve your btcusd crypto currency profits in thirty days, then feel free to stop. But be sure to try it before deciding not to. It may be just the bitcoin tool needed to push your bitcoin trade to the next level towards becoming a successful trader.

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