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3 Comments

  1. Vinny Patel-Reply
    April 27, 2016 at 2:40 am

    I think the trader did the right thing in increasing the position size. If you’ve been consistently profitable, then why not? But soon after doing so, if it’s flat or P/L curve is lower, one must ask whether it’s really due to position size or whether it’s something else (i.e Taking on higher % risk than last year, Trading too much, long stretch of weak analysis, or perhaps even taking on trades one would usually not take..etc). If the trader was really consistent the previous year, I just can’t see how the trader would be losing money merely by increasing position size the following year; That should be more than enough time to condition oneself. I think it’s got to be more than just confidence here. I feel there is something the trader is leaving out. These are just my thoughts though

  2. Vinny Patel-Reply
    April 27, 2016 at 3:00 am

    1) He could trade two separate accounts which might make him feel as if he’s still trading small when he’s really not anymore

    2) Remove the emotion (fear) that he is connecting with money.

    When was the first time you associated fear with money? Who instilled that within you? Re-live all those childhood/younger day moments where this occured. Feel as if you’re in that body with that mindset, etc. Let the emotions come up. Really re-live it (not just remember). Do this about 3-4x until no emotion comes up. You’d have to do this intensely and again, remembering the events won’t have an affect. Once you go through this process, make a strong declaration to oneself that 1)Fear is an illusion 2)I am beyond fear 3)Abundance is not limited therefore there should not be any fear. As we re-live past moments, we relieve and make way for a new-powerful transformation. The above process was created by Nithyananda, an Indian Mystic and the above technique is called “Completion Process”

  3. Brian-Reply
    April 27, 2016 at 8:34 am

    Hello Charlie

    You have invited comments, perhaps I could add to what you say.
    If this trader as made consistant profits through 2015 then he should be able to do the same in 2016 with an increased stake size, so if he is not then he is doing something different and needs to find out what that is. If the systems used to find trades are the same, ( if not then you have the answer), then he should look at his stops , what he does with them if he moves them later, and also the level at which profits are taken. He can do this by re-tracing the footsteps on past trades both in 2015 and in 2016 and then find out what has altered. I suspect the stops are closer or moved to make a smaller loss too soon. and/or taking an earlier profit than before. This links in to your comments about too much, too soon.

    I think we should all examine our trades in this way from time to time, I was taught this about 20 years ago, advice I still need unfortunately!

    Hope this will help.

    Regards, Brian

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