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Tackle Today: Trading therapy session

June 5, 2018

By | 1 Comment

 

Therapist:” OK, tell me your problems.” (grabs a pen and a notepad)

 

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”

  1. IreneMar says:

    That was HILARIOUS! Love your succint solutions.

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