suko 

This is the textbook definition of risk aversion. It's hardwired into us. You need to be trading smaller.

You can't trade any smaller than one contract. If I had learn to trade before trading real money it would be a different story. I lost over $50,000. So now I'm moving on to TST.

Thanks


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Trader146 

You can't trade any smaller than one contract. If I had learn to trade before trading real money it would be a different story. I lost over $50,000. So now I'm moving on to TST. Thanks Sent from my iPhone using futures.io

You could trade the mini crude, half sized. Some disadvantages of course, but it might be a better fit for your psyche.

If I were in your shoes I would not let myself be married to a particular product.
It's very easy for me to say that I want to trade UVXY call options dammit, and nothing else.

The topic of this thread is "Afraid" and here you are talking about risk aversion.

It all boils down to FEAR.

I have identified this as an issue for me, too.
Fear of loss.
Fear of process, of outcome.
Of missing out.
That there will not be enough (greed).

I am systematically addressing FEAR on all fronts, outside of trading too.

In my trading I am evaluating and scoring myself each day for how well I deal with it.

Becoming more aware of FEAR during the day.

Progress is very slow.

While the numbers may look good, I am very disappointed with my performance. I made a lot of mistakes. It makes me feel like I'm regressing at times. It makes me want to put off starting a combine.

One thing I can say though, as bad as I feel about my performance, having TST loss limits has actually helped my trading. I find I am much more cognizant of my risk parameters and I stick to my stops. This has resulted in very small losses and allowed me to end the day green even when I had more losers than winners. That's new for me and a definite improvement, and I have TST to thank for that.

I've been a little negative on TST in the past but I'm really starting to appreciated it. It offers quite a bit of value for a certain group of traders, those that have reached profitability on SIM, are ready to go live, but are under capitalized. It also helps those who have trouble sticking to their stops, as you quickly learn that that's a deal breaker with TST. I'm in that group and I actually feel blessed that they exist, now that I understand that being under capitalized is also a deal breaker...at least for me.

Here are my TST screenshots.




In this month's TST newsletter the "Funded Trader Highlights" listed traders who had winning streaks (see below). I thought it was cool that my results were better but sim results usually are. Let's see what happens if and when I get funded.

I had 7 straight winning days and $3548.80

ShatteredX 

Hey man, great post, like your stats and graphs. However, if you can't afford to lose your current trading stake ($9000?), then IMHO you should not trade. You may have a great system/setup but personally I would never trade with money that I couldn't afford to lose. That's just me.

Hi ShatteredX: Just like to explore more, what you mentioned about the $9,000 stake?
Did you just make that up or read it from some guys/gals, somewhere? Or perhaps from
the forum here? Just want to understand a little more, the concept involved. Thx ShatteredX.

Trader146 

You can't trade any smaller than one contract.

Actually, you can. If you trade CFDs, the leverage is way less. 50 times less...

Pedro40 

Actually, you can. If you trade CFDs, the leverage is way less. 50 times less...

Not for OP, who is in the US...

Pedro40 

Actually, you can. If you trade CFDs, the leverage is way less. 50 times less...

Do you personally do CFD yourself?

Who with?

Thx Pedro40

C F D ....?

A CFD, or Contract for Difference, is an agreement between two parties to exchange the difference between the opening price and closing price of a contract.

You can use CFDs to trade and speculate on the price movements of thousands of financial markets regardless of whether prices are rising or falling. You can go long (buy) a CFD market, and profit from prices as they rise or go short (sell) and profit from falling prices. CFDs give you a great deal of trading flexibility, allowing you to profit from financial markets regardless of price direction.

CFD trading is also a leveraged product, allowing you to maximise your market exposure for only a small fraction of the investment you would typically need to trade the underlying asset directly.



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