Getting past a milestone

[Amatrue]

I am having trouble getting my account value past a certain number. At first I paid little attention to it, but everytime my account goes above this number it dips back down and I'm starting to feel an effect on a psychological level.

Has anyone had this problem before and how'd you overcome it?

 

[jys78]

Ignore the number. Focus on process or consistency. At most, think of it as a score on a video game.

 

[sef88]

I am having trouble getting my account value past a certain number. At first I paid little attention to it, but everytime my account goes above this number it dips back down and I'm starting to feel an effect on a psychological level.

Has anyone had this problem before and how'd you overcome it?

Focus on bringing up risk adjusted returns through diversification across asset classes, positions, ideas and strategies. Limit drawdowns

 

[IAS_LLC]

Withdrawal 10%. When you get back up to your level... withdrawal another 10%. Repeat

 

[sef88]

Withdrawal 10%. When you get back up to your level... withdrawal another 10%. Repeat

Wow 10% withdrawal is high. What time frame do you expect your portfolio to grow back to original level

 

[IAS_LLC]

Wow 10% withdrawal is high. What time frame do you expect your portfolio to grow back to original level

3-5 hours. Tops. The long pull is waiting for the wire transfer to clear

 

[sef88]

3-5 hours. Tops. The long pull is waiting for the wire transfer to clear

Wow then you should be putting your entire net worth + leverage into your strategy. That's what I do for my portfolio of strategies. I treat them as my ATM. But for me I target 1-3% returns per month.

 

[IAS_LLC]

Wow then you should be putting your entire net worth + leverage into your strategy. That's what I do for my portfolio of strategies. I treat them as my ATM. But for me I target 1-3% returns per month.

Dude, don't take everything so literally....the point is...if u have some arbitrary psychological barrier ...remove it. The 10% # was just the first round number that popped into my head

 

[Amatrue]

3-5 hours. Tops. The long pull is waiting for the wire transfer to clear

i will pay you to trade my money

 

[Bad_Badness]

Look at it all in percentages rather than raw value. Make sure your trades sizes and P/L are also adjusted to percentages. Sometimes using a different metric helps the psychology. Hope that helps.