A trader\'s money management system

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c13 JWBK182-McDowell April 25, 2008 16:20 Printer: Yet to come

Know Thyself—Your Risk Profile and Discipline Profile 137

50–70 point score:You are right on target and have an average dis-

cipline profile. You are more of a whole-brain thinker. Steady as she

goes.


70–90 point score:You generally struggle with being disciplined. You

will need to really focus on keeping good records and analyzing your

results. You are more of a right-brain thinker and will probably find it

easier to come up with creative solutions to your trading challenges.

YOUR COMFORT ZONE

The two exercises in this chapter are intended to identify what your com-

fort zone is in regard to risk and discipline. The scores you came up with

for your risk profile and discipline profile will help you design a custom

plan that will serve you well. Use this knowledge to move your trading to

the next level.

There are times when it pays to push the envelope and try to break out

of our comfort zone. Trying new things and new ways of doing things can

generate growth.