A trader\'s money management system

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c04 JWBK182-McDowell April 25, 2008 15:44 Printer: Yet to come

Risk Psychology and “The Trader’s Mindset” 35

to identifying your strengths and weaknesses (in Chapter 3). It is designed

to give you a greater understanding of where you are now, and how to ad-

dress some of the current negative issues.

Some of these issues will be directly related to designing your money

management system. For example, if you are having difficulty with number

12, not trading the correct trade size, you will be able to work on that when

we get to Chapter 10.

Make a note of the destructive issues you may be experiencing now,

and revisit this section after you have completed your money management

plan to see if some of these issues may have corrected themselves.

Ultimately, this list of 15 issues will all be obstacles to obtaining the

trader’s mindset, so you need to eventually address all of the issues you are

struggling with. As you overcome each issue, you will be one step closer to

attainingnirvana—or The Trader’s Mindset.

PERSONAL OBSTACLES

Use this area to jot down what you learned about the obstacles that may be

holding you back. If any of the items in the list of 15 are creating trouble for

you now, then list them in the lines below and specify what you can do to

address the obstacle. If there are issues that do not appear in the list of 15,

then write in what they are below so that you can mentally and emotionally

confront these issues now.

 Obstacle and Solution:

 Obstacle and Solution: