By . Tracking Spreadsheet. At Friday, April 30th 2021, 04:22:12 AM.
You do not have to do it all in one shot. You just have to take action every day to move in the right direction. It does not matter how small the action may be, what does matter is that you took action at all. Momentum builds on itself and soon you will find yourself cruising towards your goals. Reward yourself for small medium and large successes The final key to creating your goals spreadsheet is to make sure you are rewarding yourself every step along the way. If you have a small goal of getting to $4001 in a month, then you better give yourself a reward the moment you make that 4001st dollar. You have to get into a habit of giving yourself rewards no matter how big or small the accomplishments. By celebrating the small goals you are preparing yourself for receiving the large goals. The rewards do not have to be huge, go buy that ice cream cone you want for getting that small goal. Treat yourself to dinner when you hit those medium goals. Treat yourself to a nice vacation when you hit the large goals. Always reward and always celebrate.
Spreadsheet: A table of rows and columns, free for the entry of data, or formulae for calculating actions on those data. Each row or column is said to contain many cells and these cells serve as homes for every shred of information. Many spreadsheet applications nowadays have functionality above and beyond the traditional, offering a variety of charts, look-up tables, databases and more functionality than can be mentioned here. Regarded as a very effective and reliable means of data management, monitoring valuable financial data, as well as optimizing processes involving frequent data entry and manipulation, spreadsheet programs have rapidly become popular among businesses of all types and sizes. Elaborate, properly constructed spreadsheets greatly simplify a wide range of activities and processes within companies, enabling business owners to economize valuable time and effort, increase the efficiency of their business (Analysis), keep track of different tasks, manage their budget, optimize the planning of future events (Forecasting), organize and access valuable information, and optimize the completion of specific tasks. And thus, thanks to their many benefits, spreadsheet programs have come to be considered indispensable tools for businesses in todays competitive climate.
As a full-time day trader now for nearly six years, I know what a roller-coaster life can be when first entering the market arena. I also know how much easier your trading life can be with the proper tools, tactics and mindset. While all three are extremely important to your overall success as a trader, this article delves into the often neglected record-keeping aspect of your trading business. Why? Again, because it is very often neglected, especially by newer traders who are unaware of the challenges that theyre up against in this business endeavor known as trading - an endeavor that is well known to have a 90% failure rate amongst retail traders. Personally, my early days were akin to navigating a jungle full of killer predators, without a local guide to keep me from harms way. An old trading partner of mine summed it up best when he said, "The Market will eat you up and spit you out and cuddle you back into her arms every day. And when you get fed up she will outsmart you, entice you and bring you back all over again." As a novice trader trying to take his pittance from the Wall Street jungle, I found that to be the truth!