9 Questions For Traders

Let’s start things off.
1) Or I learn a lesson
2) 100 percent
3) None. I trade the best that I can each trade and let the gain/loss take care of itself.
4) Achieve mastery.
5) 70 percent
6) Win? Great, move on. Loss? Can I learn something from it? Breakeven? Market is currently not agreeing with me.
7) 3-4
8) No.
9) “Bad trader side”. (Lack discipline, not following system etc). My alter ego. Haha. It surfaces from time to time.

Hello Chris,
1. Lose and think about what I did wrong.
2. This is a good one. Honestly maybe 40% after entry, emotions drive the bus.
3. No
4. I train to develop good trading habits.
5. Most of the time say 75%
6. Win – good job a pat on the back I knew it. I go over all the reasons the trade worked very positive thoughts.
Loss – W.T.F just happened? I thought I was spot on in my analysis. I just don’t get it.
Break even – Okay cool no damage done I feel relief it didn’t turn into a loss.
7. If I don’t walk away from the computer 8/10 times. If I walk away maybe 3/10 times.
8. yes
9. How I think of myself after losing a trade. Confidence and self-esteem take a hit.

1. lose! Though, I prefer to study my winners more than my losers.
2. 100%
3. No, I dont like quotas or having extra pressure.
4. be better, get better…a little bit at a time.
5. think/ponder frequently throughout the day. I love the weekends for free time, but cant wait for the work week to start as the markets are open.
6. Dont understand the question.
7. Never really noticed. If I have to try really hard to figure my approach/see conditions, I don’t bother. I prefer relatively simple approaches/setups.
8. No expectations. I focus on simply making wins big big big…and keeping my losses small small small. I guess I try to take what the market is giving, or likely to give.
9. giving up…having no faith; despair. I suppose this is my greatest fear in anything.

1. Lose
2. 75%
3. Yes, a weekly goal
4. To be a winner
5. None….take it as it comes, as long as S/L and Position Sizes are OK
6. I’ll label them in my trading journal, as realistically as possible, as it happened.
7. No, when a proper decision was taken for a trade, that would be the last thought.
8. No, just be a winner and stay out of trouble.
9. Have a doubtful and blurred mind. If can’t decide, stay out.

Hi Chris and thanks for the exercise;
1. win (positive system expectancy)
2. 0% (system does the thinking)
3. No (can only take what the market is prepared to offer)
4. perform
5. 100% (shouldn’t, but can’t help it)
6. Money, Hunger, Unsatisfied
7. none
8. No
9. me

1.loose and learn something from it; 2. 15%, i admit i have laack of discipline; 3. weekly; 4. understand market behaviour to find reliable patterns-the biggest matter is to understand when market conditions has changed; 5.always; 6.i feel in my belly when the trade will be good, while everytime i fell bad it often means i made a bad decision; i feel disappointed when i loose and i feel concerned when i close at be: something did not work in the right way; 7.never; 8.i think always in terms of percentile; 9. my own built tool

1 – Learn (note I learn when I know I have committed mistakes, if not, is “win” as I know I have applied my edge and trade just didn’t work…) so the answer would be “Win or Learn” or “Win or Win.”
2 -110%
3- No, I just make myself available to the markets, and I collect pips if opportunity available. . Setting % monthly/Weekly/daily may create unnecessary stress on me
4 – Develop myself/personal development – one either goes downhill, gets stuck where it is, which leads to eventually go downhill, or makes sure there is always constant progress.
5 – Still struggling in this area, a weakness I am correcting nonetheless. I am working on developing my mental capacity further each day. I apply the philosophy that success largely depends on how much uncertainty I can handle as well as adopt the fear of missing trades while I work on the realization that a trade means nothing in the big scheme of things. To address the problem, I have set new screen paper wall with Chris equity curve over years.
6 – I laber them based on the RR outcome
7- Ive learned this quote word by word, so answer is 0%… “Once I am in a position, the market will do whatever it wants to do, and I no longer have control over anything except my exits” Van Tharp.
8 – No
9 – I do have goals, but they do not relate to specific numbers/%…
Monthly – To follow my trading plan without reservation. Minimize my mistakes to the bare minimum while perfecting “the process.”
• Yearly – To continue learning through my day-to-day activities of being in the market. Consistency on my trading and mindset. To see a steady rising equity curve (no number attached)
• Long Term (3/5y+) – To become an independent trader.

1. Learn
2. I have the option to control 100% of what I think –
3. my goal is the process not the pips
4. learn the process, try it, learn some more, adjust, repeat until mastery
5. 50%
6. Win = awesome. Loss – what can i learn? Break even – what can I learn?
7. 50%?
8. No
9. A negative mindset about, the market, money, myself

1.
loose
2.
70%
3.
I don’t, or not yet
4.
be financially independent in doing what I really enjoy doing and not having to do a job that I hate and working just for the sake of getting money
5.
too much. Am still worrying to much about loosing a trade
6.
win – great, it actually worked, I’ve learned something
loose – what did I do wrong? what could I’ve done better? what can I learn out of this?
break-even – is there something I could have done better?
7.
at the moment I’d say almost every trade
8.
goal – yes, making xy $ or % profit – no.
becoming consistent in my trading and profitable on a long term base
9.
my emotions, especially the fear of loosing and my willingness of taking too high risks

1. get experience
2. 70%
3. monthly
4. bring out the best in me
5. 100%
6. win: great trade; loss: what was my mistake in this bad trade?; break-even: I consider a win trade because I learned a lesson anyway
7. 0, when in doubt I stay out
8. yes
9. fear of losing, not pulling the trigger

Some of these question seem a bit unclear to me nevertheless I will make my best effort to answer them.
1. wining trades, loosing trades and break even trades. I make an effort to make the trade outcome a learning experience.
2. It is really difficult for me to quantify the % of what I think about each trade. I make effort to isolate myself and concentrate only on the task in front of me, trading.
3. Presently I only have a monthly goal.
4. I train because I love it and my goal is to be a great trader.
5 Don’t know how much I think about the outcome of a trade, probably more than what I should nevertheless I believe that every trade I take has the potential to be a winning trade.
6. Don’t label them perhaps I should but I have endless notes in my journal depicting each trading decision as best I as I can.
7. All of them, my number of monthly trades at best is 8, sometimes less.
8 Yes
9. The most harmful aspect of my trading is the most challenging, to concentrate. The lack of it leads me to distrust my trading plan and strategies.

1. Learn
2. Virtually 80% I think.. The other 20% is impulsive brain waves telling me to interfere.
3. No. Why would you? Is it fear? I understand institutions doing it to protect clients money.. But for me? I dont think it appeals..
4. To be better than my fellow market participants.. Aim high and fail, instead of aiming low and achieving. If you’re achieving your goals.. You’re not aiming high enough!
5. Difficult to say, I have long term positions I dont think about, but the intraday positions – most of the time.
6. Win – Yes! (Im the boss!) Lose – Yes! (A learning opportunity!) BE – Yes! (I avoided a loss!) 😀
7. MAX 2/10 – Thats the worst case..
8. No. Although once Im trading for a living, I would defo have a minimum target – So I can pay bills etc..
9. Justin Bieber. 😉

Question #1: learn
Question #2: 100 %
Question #3: Yes. Monthly
Question #4: Improve
Question #5: 0%
Question #6: win = win; loss = loss; break-even trade =win
Question #7: None
Question #8: Yes
Questions #9: Doubt

Question #1: For each trade, I either win or ———– take a loss and go over reasons for that loss whether I could have done anything differently and the same with the wins.
Question #2: I control _____100 % of what I think about during each trade, but the little gremlin on the shoulder gets to me at times?
Question #3: I have a daily, weekly or monthly goal in terms of how much profit I make (yes/no)? Which one? ——-No– I have a goal to win more trades than I lose, the rest will take care of itself
Question #4: I train to ____ improve my understanding of the market to enable me to make better trading decisions. become more consistent and disciplined
Question #5: How much of the time am I thinking about the outcome (profit/result – win/loss) of my trades in % terms?——- 50% I try to let trades pan out for themselves and spend time studying and looking for other setups.
Question #6: How do I label each trade, such as a win, loss and break-even trade? Use the same language that pops in your mind when experiencing a win, a loss, and a break-even trade.——– Win I got it right, Loss I was probably too impulsive, or if happy with my take on it move on to next trade. BE , I take that as a win free trade just didn’t make it or lose it
Question #7: For every 10 trades I take, how many do I go back and forth on my decision——- probably 8 out of 10, lack of confidence in my ability to read the market
Question #8: I have a goal in trading which is related to making x% or x$ in profit (yes/no) ——– yes and no –to be consistent enough to achieve the mindset of a successful trader, where I can accept a loss equally as well as a win, with little emotion, The % $ will follow
Questions #9: The most harmful thing for my trading is ——- fear of losing, not being consistent and pulling the trigger ever trade setup,, usually taking the losers and leaving the winners. My head gets in the way.

Re: 9 Questions For Traders
Postby fxpaul » Tue Nov 12, 2013 4:43 am
1. lose
2.) 100%
3.) no goal yet but to be consistently profitable weekly
4.) I train to master trading
5.) 10% of the time i think about outcome
6.) no emotions on win, on a loss i think about the possibility that i miscalculated, breakeven trade is no emotion
7.) 1/10 trades I really have to debate in my head whether or not i take the trade. but overall my criteria is has become so strict that either it’s an obvious trade or its not
8.) no profit goal
9,) most harmful thing in my trading is having to manage my side business while trading, because at times i have to be away from the computer. another harmful thing is that my side business causes me to be a bit tired and makes getting up at london and staying up to be a real chore! it also makes analysis to be more difficult I have criteria in my trading in that if i’m too tired i dont trade which is my fail safe
thanks again chris for being awesome and caring enough to share with us your wisdom, and being with us answering our questions and commenting on our trades, etc.