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Welcome to the TradersCALM symptom/technique analyser.
You have described yourself as not losing money but having bigger swings in account value than you would like.
Congratulations, you have stopped following tips because you have a trading system of your own.
Your system is based on some market behaviours
you have identified, and you have some limited confidence in these
behaviors repeating or at least being predictive.
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:
• 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.
other symptoms experienced can include:
• 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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