Therapist:
Trader A
“I’m in a situation where I have many trades going on all at once and I’m feeling like throwing spaghetti on a wall to see if it sticks.”
Trader B
“Last week I got 10 naked puts running on +$100 stocks. I was the Theta King. Suddenly, they all started to move against me and I got a phone call from the brokerage firm. I’m feeling miserable.”
Trader C
“I got 20 positions going on LIVE but I can’t say if I’m making or losing money and which strategies are working best.”
Trader D
“I wanted to make home run-ROIs on my small account so I placed many high probability trades. After three losses I got broke and I’m out of the game.”
Trader E
“My goal is to have a consistent monthly income but when I look at my trading account I can’t see a connection between those positions.”
Therapist: “Yes (taking notes), I totally get that. I perfectly understand your situation.”
Patient: “So, Doctor, does my problem have a solution?”
Therapist: “Yes, sure.” (stops taking notes and stares at the patient). “I got the perfect solution for your case: All you need is a system.”
Chart of the Day: Doctor Prescription
After the therapy session, the doctor gave the traders a simple table to be filled out and presented during the next session.
No need to take prescription drugs.
One Reply to “Tackle Today: Trading therapy session”
That was HILARIOUS! Love your succint solutions.
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