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Welcome to the TradersCALM symptom/technique analyser.
You have described yourself as losing money.
This is nothing to be ashamed of - over 90% of traders lose money
in the long term. And this statistic does not include
those who have given up and never get to later stages.
So congratulations, your very presence here
suggests that you are likely to be on your way to one of the next stages.
There are a limited range of common symptoms experienced by traders, many of
which are listed below. For the context in which these
symptoms occur, read about the four
calm secrets starting with
a pictorial overview.
The most common symptoms experienced (and perhaps needing resolution to get to the next stage) include:
• following tips or whims,
• not being able to sleep for worry,
• not having confidence in your understanding of market behaviours,
• not having a trading system that mirrors market behaviours,
other symptoms experienced can include:
• telling others about planned or open trades,
• not following your trading system,
• not trusting oneself to follow your system,
• over-riding the trading system signals,
• fooling oneself with 'discretionary trading' practices,
• for trend following systems, not cutting losses quickly (hope),
• for trend following systems, not running profits (fear),
• through greed, over-trading your account size and skill level inducing fear,
• using a trade frequency based on emotional needs,
• using a trading system not appropriate for your personality,
• trading for emotional reasons not profits,
• wanting to be perfect,
• curve-fitting your trading system without enough experience of results,
• having a lottery win mentality,
• impatience to enter or exit,
• freezing when considering opening or closing a position,
• ego is associated with the outcome of a trade,
• not taking responsibility (blaming others),
• feeling better after a trade is opened or closed,
• not knowing your risk of ruin,
• sometimes feel you need to get even,
• not having a traders log,
• over documenting your emotions for every trade.
Now imagine what you are going to do about it.
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