When you see your open trade losing money do you,
- a. Feel confident because you have stops in place
- b. Feel sick in your stomach
Just before you open a new trade do you,
- a. Feel anxious about the size of your stake
- b. Feel confident and calm
When you close a losing trade do you,
- a. Feel relieved you have cut your losses
- b. Immediately look forward to the next trade
When you have opened a new trade and the market reverses against you do you,
- a. Wait patiently to see what happens next
- b. Get out of the trade as fast as possible to minimise loss
When you have no open trades but the market is on a big move do you,
- a. Jump right in with a trade to grab some pips
- b. Monitor the move but get on and plan the next trade
When you see other traders are getting into a trade e.g. when in online trading chat rooms, do you,
- a. Patiently check all your usual signals and plan the trade
- b. Follow their lead and take the trade without your usual planning
When you are not engaged in trading i.e. away from your computer, and have no open positions do you,
- a. Ignore the markets altogether and focus on whatever you are doing
- b. Frequently check what the markets are doing
When relaxing e.g. watching television and not trading do you find yourself,
- a. Frequently thinking about trading
- b. Able to completely forget about trading
You have an open trade but the market goes against your planned setup do you,
- a. Feel something is wrong and exit the trade as fast as possible
- b. Let the trade run to plan
Once you have planned your trade setup do you,
- a. Hesitate to execute the planned setup
- b. Execute the trade confident your setup is good
Once you have executed your setup do you,
- a. Sit back and monitor the trade confidently and calmly
- b. Feel anxious that you may have missed something
When engaged online with other traders who are using different setups to your own do you,
- Quietly check their setups to better understand them
- Feel doubtful and want to adjust your own setup
When your trade is in profit do you,
- a. Feel good and allow the trade to follow your plan
- b. Snatch the profit quickly in case you lose it
When your position moves from profit to loss do you,
- a. Feel a little panicky and change your position
- b. Monitor the situation calmly knowing your planning was sound
After some time in a losing trade, when your position eventually moves into profit do you,
- a. Feel relieved and start thinking about taking the profit
- b. Smile knowing your original setup was solid
Your trade is in profit but not moving much do you,
- a. Reduce your stop loss to lock in some profit and continue monitoring the position
- b. Start to worry (or get bored) and take your profit early
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