How can I get over fear of making big profits?

neveral0ne,

I was scratching my head to determine why you would say he was losing when in fact he did not say such in this thread. Next, I researched jinxu recent messages and discover he's posting his trade statements over in the Trader P/L Blotter thread.

Yeah, he's now losing and hopefully will take some advice from the veteran traders...too much emotion in his trading.

To jinxu,

You should start your own trade journal thread instead of spreading yourself thinly around the forum because your questions will get better replies (advice) if traders knew more about your trading habits that you're discussion in different threads instead of in one location.

Mark
 
Quote from jinxu:

In the last few days I managed to bring my account from $700 to $1300 today with no down days. However, I could potentially make a lot more money than that but I'm stuck at making only a few dollars. The biggest one day profit this week was $180. But I want to be able to make a lot more than that. One reason for this is because I'm not trading for the entire day.

What can I do to get over this and get to the point where making $500 or $1000 or even $2000 seems like a normal day? Or should I just be glad I'm not losing?
More...
Release your guilt, fears and shame.
 
Quote from JoePaterno:

Because with the amount you are trading, you are not making anything and you have perhaps 00.001% chance of succeeding. You are deluded. A job is much better.
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I think Jinxu is a smart guy, if he could have more capital as buffer and better risk control and better discipline in executing his trading plan, as time goes by, he could be successful.
 
Quote from dst888:

I think Jinxu is a smart guy, if he could have more capital as buffer and better risk control and better discipline in executing his trading plan, as time goes by, he could be successful.
More...

"We didn't lose the game; we just ran out of time."

- Vince Lombardi
 
Quote from jinxu:

In the last few days I managed to bring my account from $700 to $1300 today with no down days. However, I could potentially make a lot more money than that but I'm stuck at making only a few dollars. The biggest one day profit this week was $180. But I want to be able to make a lot more than that. One reason for this is because I'm not trading for the entire day.

What can I do to get over this and get to the point where making $500 or $1000 or even $2000 seems like a normal day? Or should I just be glad I'm not losing?
More...



Very easy, it will take only one step. if you do it , i can gurantee your problem will be solved.

1. close your p+l, do not look at it at all. I look at mine at the end of the week. I have an idea where i am at, but it lets me focus on my trading mechanices, not trading from my p+l.

OK, close thread, the rest is discipline.

EF
 
Quote from NoDoji:

"We didn't lose the game; we just ran out of time."

- Vince Lombardi
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Wife who put husband in doghouse soon find him in cat house.

Deadbroke H. Novice
 
Quote from NoDoji:

J, you have fear of making big profits and fear of taking small losses. This will wipe you out.
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Why do only 10% of women go to heaven?
Because if they all went, it would be hell.
 
Beginners luck in trading is very very bad for beginner trader. If you haven't blown up yet you most likely will. Get all your "blowing" done via sim until you know you have an edge that will be good enough to squeeze some profits out of the market with manageable draw down periods. Read " fooled by randomness" . The truth hurts but it must be told if you really want to be successful. I wish you the best and hope you are successful
 
Quote from dst888:

I think Jinxu is a smart guy, if he could have more capital as buffer and better risk control and better discipline in executing his trading plan, as time goes by, he could be successful.
More...

Well, if you read the post I responded to, where he discards the idea of getting a job when he could just trade and make the $$$ on his $1K or whatever account...

then both of your adjectives (smart... could be successful...) really don't seem to fit
 
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