Self-trader Checklist

Brett N. Stinberger - Doctor of Philosophy and Professor of Psychiatry at the Medical University in Syracuse, NY. New York. He is also an active trader and writes articles on market psychology. The author of the book "Psychology of Trade, 2003. Doctor Stinberger published over 50 articles on short-term approaches to behavioral change for traders.

1. What is the quality of your conversation with them for trade? Is he irritated and vexed; negative and defeated? What part of your conversation with a focus on market strategy, and which focuses on self-image? Is your conversation with a constructive, and you would like the others spoke to you this way, when you sell?

2. What kind of work do you spend directly with itself and its trade, while the market is closed? You actively identify what you did right and wrong at the time of their trade each day with some steps to address both, or your trading business lack quality in the audit? When markets are changing as you change with them?

3. As the ratio of your trading profit / loss change, if you have deleted a few days where you lacked proper risk management? You have and strictly follow risk management parameters?

4. Your position reflects the possibility that you see on the market, or you are unable to earn a possible or try to create opportunities where they are not?

5. Trading losses are often accompanied by further trading losses? You complete, losing money as revenge trading "just to restore the lost money? You complete sell prematurely, when you took the win, being able to exploit a good trading day?

6. You will quickly close the win-win deal because, deep inside yourself, you do not think that will be able to get more profit? You become stubborn in positions, turning small any costs in big losses?

7. Trade makes you happy, proud, and filled with the satisfaction of it more often leaves you feel unhappy, guilty, broken and unsatisfied? You get pleasure from the trade, notwithstanding the fact that it is hard work?

8. You make a deal because the market gives you an opportunity, or you make a transaction to meet their needs - for excitement, self-esteem, self-esteem, etc., which are not found in your everyday life?

9. Are you looking for commercial success as a part-time trader? You searched for the success as a surgeon, professional basketball player, or musician, part-time work?

10. You can identify certain qualities with which you are superior to many other active, interested traders, who have not been able to succeed in the markets? You really have their advantages, and if so, what are you doing to maintain its quality of these?

Forex Magazine
based on www.brettsteenbarger.com