Who here keeps a trading spreadsheet for stocks or CFDs that’s really handy to them?
1. it saves time
2. it saves effort
Ideally your spreadsheet tells you when entering the position:
1. number of stocks of CFDs to buy or sell based on your risk management rules, based on a price that you enter (whether it’s the close of the open)
2. if you have a fixed trade size but also a maximum accepted dollar risk in the trade, the maximum buy price (or minimum sell price) that is acceptable, before you exceed that dollar risk
Just something to make sure that you’re efficient and to avoid the hassles of needing to calculate anything at 7am or whatever time you need to trade!