I have a great system but, having a small account I tend to move my stops too close and never get the big runs. I keep grinding my account down due to small gains and commissions.
Best way I have found to do this is. Just think of it as already being gone.
Hard to make money trading scared. If you take risk you might get the reward.
just fed up with my day trading “skills” and moving toward swing trading… i would be a type “a” at day trading, but doing a bit better at swing trading, or at least doing the same but much s l o w e r 😉
“B” – mostly; getting better though; generally the big losses result from following someone’s suggestions without studying and/or commitment of my own. Starting to do my “own thing” w better results; now I need to increase my “baby steps.”
Hubert , in all honesty i suffer at different times from all 3. i have not had a winning year in 4-years , but still trying , iam a mr. mom at home with 1-teanager daughter ,i might be down close to 300-350k , any help is welcomed or i have to look for another way of creating $$$$$$$$, your vid,s are great , also having marital stress possible split here , thnx bob curran ,
Sorry to hear that. You might want to take some time off and get your head clear.
I always like to own other businesses for other cash flow and wealth.
That way I don’t have to make all of it from trading it helps take some of the pressure off.
I suffer with B …
but its tough to get in the flow I’ve trading for about 3 years now and i dont have a handle to it…pleaseee helpppp/…. very nice videos great stuff everyday..its like u read minds people…..or minds trades….. thanks Sr… keep the hard work
My main problem is that I don’t let the good trades run long enough but take profits at the first sign of resistance or at a predetermined level. Any tip you can give me how to overcome this problem would be greatly appreciated.
I have all of the above.would love to see some money tired of loosing money that I cannot afford.swing trades sound better.
when I am doing good and thing right something techically goes wrong .No win here
so discouraged maybe I may just quit.
B
Hard to admit that you do not put in hard stops as you should. Glad to see you are still working trades every day and sharing some of your time in the seat!
A. I keep my stops tight and base my entries around areas that do not require larger stops. Lately though, as soon as I open a position “they” go directly to my stops no matter where I put them.
Can I add a category? Category D which is actually C but after blowing out an account with C I haven’t made a trade in over a year. I paper trade every day and on paper I look great, but when I go to place a real trade I’m fearful and can’t seem to pull the trigger. I’m taking your bond course tomorrow night and think that might be a good market for me to get over my fears. What do you think?
Fear of pulling the trigger is a real problem for lot of traders.
there is an exercise you can do to get over it quicker and decrease the chances of it coming up again.
Yeah bonds are great for small Risk which should help.
Thanks for taking the course. Remind me and I will do the drill in the course.
my problem is “B”. I have losts of small winners, but the losers overwhelm the winners. right now the tgts are 1/2 of s/l and the % of winnners to losers is about 65%.
I use to suffer mainly from A as I never initiate a position without a stop loss. I do NOT do day trading any more as I think it doesn’t much my personality. Recently in the past few months I have been mainly swing trading and I’m just at the break even point. Hopefully my next step is to take consistent profits from the market.
I suffer from mainly A:. My problem now, is that I have stopped trading ,due to fear. My account has not grown for years and I have spent tons of time in the computer. I want to see financial gain, I want to make money , to pay for my webinars, site subcriptions, and some left to grow the account and take some pay for my personal needs. I just want to learn 3 bread and butter trades, master them, like the back of my palm.
Hubert… I’m trying to give up day trading because I suffered from “A” and was getting killed on commissions. So, I’ve tried to switch to a more swing trade approach… and it’s turned into “C”.
“A” – with the added hurt of commissions piled on top, so even in a good week I’ll still end up down. By the way, thanks for all the tidbits of good info!
(B), I make the money, don’t take profits, wait to go higher, it come down go negative , then up again , then i take profit after a few days , increase the stake on other trade’s hence loosing more, is it greed kicking in ?.
I suffer from A with small bouts of big winners. My biggest problem is not taking a good profit when it presents itself or taking a profit too fast that would have run a little…. You’re helping, I’m getting there, hard to do trading 1 lot……
For about 2 one month periods over 5 years of trading, I was a “B”. Mostly it’s “A” with some “C” thrown in. I seem to be able to find unexpected black swan events every other week that blow through support or resistance points like butter. I have yet to see a small profit that could have turned into a bigger one to let run. Seems like I get about 1-2 hours at best with a very small profit before all hell breaks loose. Stops are used and they usually are hit “to the tick” before reversal. It doesn’t matter where they are put – far away or close – all are hit before any profit so I can’t raise them once it might get in the green. I now just put them a few ticks away on entry in order to minimize damage. If it’s going south, I want out NOW. Went to your Chicago seminar 3 years ago but I guess nothing stuck. I’ll keep trying!!
Used to be an A then graduated to B then made it all the way to C then back to A to start the cycle over. But now I’m on to none of the above which is looking at a platform full of indicators and doing nothing because the pain (emotional and financial) endured from years of A, B, and C trading keeps me from taking action. It only costs me a $125 a month to pretend trade at TradeStation which is less than I was losing by actually taking trades. It cost about the same as cable and is much more entertaining.
I suffer from something different: I can have 10-15 moderate gains in a row and then one loss will knock out a good part of the profits. I DO use stops. Trying to keep nothing overnight – very often the opening gaps are what kill me.
My big losses are an accumulation of small lossess. On an upday, I have 2, maybe 3 trades the most. On a down day, I have about 15 trades, all with small losses adding up to a big loss.
A
The problem with choosing to daytrade and/or swing trade is that they are two different disciplines.
If you daytrade, you have to trade a short enough timeframe to be able to see the actual movement of the price, right now and take a few Ticks.
If you swing trade you are looking at a fixed pattern on the chart or a Fib level that is not moving. I consider any price that is not moving to be a 50/50, coin flip trade. The reason is because you are not psychic. You are trying to predict which way the price will go and keep a large stop. So, if you are not good at predicting then you will suffer the patterns of losses that Hubert described.
I’ve suffered from A B & C but mostly C. Actually my trading changed … I was winning much more than loosing.. then my trades did a flip with loosing trades. The reason I didn’t stop is because of the winners I had at the onset of my trading. I figured the loosing streak would stop just as it started. I was wrong.
Hubert.. thanks for the tip about the Hedge fund hard stop rule. Thats a GOOD ONE. Why didn’t I think of that. :)) I will keep that rule at the top of my rule list. As my Mom used to say, Thanks a Million.
Marsha PS Your a hell of a guy. Thanks for sharing and yes it helps!
I suffered from B last year. A lot of wins but some really big losses and came out about even or slightly down. I have changed my “ways” a bit and now seem to be suffereing from A. I am swing trading mostly but it seems to slow.
A. Going up instead of down, but going up too slow. I suspect I’m taking profits too quickly with stops too tight, but can’t seem to hit the right balance to stay in the trades longer.
I have done all three at one time or another Hubert Thank you for your mentoring and experience to honestly assess my weakness and my strengths in trading futures which is what I am trading at this time Thanks and God Bless you S.V.
quite frankly, only been trading bonds for several months (thanks to you for introducing me to bond trading) and I am ahead. I keep my stops at 5 ticks on the 30yr, and if I’m ahead by 20+ ticks, I start moving my stop closer to the price to retain profit. I did have a month of trading like A but was able to keep my losses small so recouped what was lost in the first week of the next month. I’m having fun but it is an adrenaline rush when you’re in a trade. My problem is overtrading – hard to stay out.
B
andre
Thanks
Hubert
A
I have a great system but, having a small account I tend to move my stops too close and never get the big runs. I keep grinding my account down due to small gains and commissions.
Chuck
Best way I have found to do this is. Just think of it as already being gone.
Hard to make money trading scared. If you take risk you might get the reward.
Hope it helps
Hubert
Chuck
Thanks
Hubert
A
Jim
thanks
Hubert
b
peter
Thanks
Hubert
just fed up with my day trading “skills” and moving toward swing trading… i would be a type “a” at day trading, but doing a bit better at swing trading, or at least doing the same but much s l o w e r 😉
Kooch
You are on the right track most people make more swing trading than day trading.
Hope it Helps
Hubert
I suffer from ‘B’, but I’m improving, though not fast enough !!!
Julie
Do you swing trade or day trade more?
Hubert
Suffer from: “A”
Larry Fox
Thanks
Hubert
I’m a B….but with your help, I’m getting better. Thanks Hubert!
Kim
It’s all about progress. Keep it it you can crack this nut.
Hope it helps
Hubert
I suffer from C mostly, occasionally A
Mark
Dual suffer, Hmmmm…
do you always use stops?
Hubert
“B” – mostly; getting better though; generally the big losses result from following someone’s suggestions without studying and/or commitment of my own. Starting to do my “own thing” w better results; now I need to increase my “baby steps.”
Don Henderson
Great to hear man I knew you would make it.
Congrats
Hubert
Hubert , in all honesty i suffer at different times from all 3. i have not had a winning year in 4-years , but still trying , iam a mr. mom at home with 1-teanager daughter ,i might be down close to 300-350k , any help is welcomed or i have to look for another way of creating $$$$$$$$, your vid,s are great , also having marital stress possible split here , thnx bob curran ,
Bob Curran: Sorry to hear about your losses, but I think I may have a suggestion to help. Drop me a line at 1973Hog@Gmail.com
Bob Curran
Sorry to hear that. You might want to take some time off and get your head clear.
I always like to own other businesses for other cash flow and wealth.
That way I don’t have to make all of it from trading it helps take some of the pressure off.
Try this book for the Martial Stress:
https://www.amazon.com/The-Love-Languages-Secret-Lasts/dp/0802473156/ref=sr_1_1?ie=UTF8&qid=1362437093&sr=8-1&keywords=love+languages
Hope it Helps
Hubert
Bob,
Check out TradersStateofMind.com for psychology training. Trading is 90% mental and rest all (indicators/strategy etc) is only 10%.
Henry.
Henry
Yep I agree trading is 90% metal and the other 10% is between your ears.
Hubert
Probably B…..but sometimes I have a big profit and forget to move my stop up to lock in some gains…letting winners turn into losers.
Scott
I hate when that happens.
Do you have a check list of when to take profit and or move your stops?
Hubert
Mostly B.
Giselle Thompson
Thanks
Hubert
A
Jerry
Thanks
Hubert
I would have to say D. It started out like A but I do make a gain but it is just barely enough to cover the commision.
Johnny Lash
Which one was D?
Yep commissions will kill you if you don’t get the lowest clearing you can.
Look at leasing a Seat IDEM or ECM
Hope it helps
Hubert
I suffer with B …
but its tough to get in the flow I’ve trading for about 3 years now and i dont have a handle to it…pleaseee helpppp/…. very nice videos great stuff everyday..its like u read minds people…..or minds trades….. thanks Sr… keep the hard work
Elvin
Don’t get to down on yourself. Most folk don’t last 3 years.
I wish I could read minds it would help a lot.
You just pick up thing over 18+ years.
Hope It helps
Hubert
B, I tend to hold on to may losses to long and I tend to make profit and sell them to quit.
James Watson
Just reverse it and you will make it a lot easier on yourself.
Easier said than done I know.
Hope it helps
Hubert
I am in category B.
Thanks
Hadi
Thanks
Hubert
Mostly A
Tim S
Thanks
Hubert
Hard to say which one I am.
My main problem is that I don’t let the good trades run long enough but take profits at the first sign of resistance or at a predetermined level. Any tip you can give me how to overcome this problem would be greatly appreciated.
Hubert, I suffer from a combination of B and C
Bob
You might need to see a Specialist for that.
Just joking it ‘s pretty common.
Hubert
I have all of the above.would love to see some money tired of loosing money that I cannot afford.swing trades sound better.
when I am doing good and thing right something techically goes wrong .No win here
so discouraged maybe I may just quit.
RSD
There is noting wrong with making a living outside of trading.
That being said never ever ever give up.
Hubert
I’m a B
Rafael
Thanks
Hubert
mainly A, sometimes I get a bit bigger loser as in C, but I mostly control my risk ok.
Robert D.
Thanks
Hubert
Started off as C …. Now still struggling at A.
I did commodities many years ago before all this great instantaneous software and, now that I’m back, I find I have the same problem. I suffer from A.
I’m not as good spotting the right set ups and so I tend to get in at the wrong times.
John Clement
Check out this book it will change your life.
The Checklist Manifesto: How to Get Things Right
https://www.amazon.com/The-Checklist-Manifesto-Things-Right/dp/0312430000/ref=sr_1_fkmr0_1?s=books&ie=UTF8&qid=1362438946&sr=1-1-fkmr0&keywords=check+list+masfisto
Hope it helps
Hubert
I would fall under category ‘A’. Few small losses and a few small gains.
Ricky
Not bad it could be worse. If you would let a few run it will fix all the little loses.
Hope it helps
Hubert
B
Hard to admit that you do not put in hard stops as you should. Glad to see you are still working trades every day and sharing some of your time in the seat!
Yuri
If you will use hard stop you will fix the one issue that kills most traders.
How come you don’t use them all the time?
Hubert
A but B once and a while
George
Thanks
Hubert
hello,
I suffer from A –I am a day trader and want to be only this type of a trader–
aleksandra
Odds are stacked against day traders unless you have real cheap clearing.
Hubert
B Is my biggest problem, but getting better.
John
Hang in there you can make it.
Hubert
B…small gains (get out too soon) but take large losses.
Art
What you bigger winner ever? Focus on trying to double that.
Hubert
I am a B type.
Claude Fraser
Thanks
Hubert
A. I keep my stops tight and base my entries around areas that do not require larger stops. Lately though, as soon as I open a position “they” go directly to my stops no matter where I put them.
Can I add a category? Category D which is actually C but after blowing out an account with C I haven’t made a trade in over a year. I paper trade every day and on paper I look great, but when I go to place a real trade I’m fearful and can’t seem to pull the trigger. I’m taking your bond course tomorrow night and think that might be a good market for me to get over my fears. What do you think?
Chris LaBelle
Fear of pulling the trigger is a real problem for lot of traders.
there is an exercise you can do to get over it quicker and decrease the chances of it coming up again.
Yeah bonds are great for small Risk which should help.
Thanks for taking the course. Remind me and I will do the drill in the course.
Hope it helps
Hubert
suffer from A&B at times usally from forcing a trade
Don Wilson
Sound like FOMO Syndrome. There is always another trade around the corner.
Hope it helps
Hubert
Have suffer mainly from A both with B in 2008 I have blow the all account.
Fernando
No shame is blowing out an account happens to a lot of traders.
It not if you fall it what you do once you fall that matters.
Hope it helps
Hubert
Item B, big time
my problem is “B”. I have losts of small winners, but the losers overwhelm the winners. right now the tgts are 1/2 of s/l and the % of winnners to losers is about 65%.
Emil
Let 1 out of 5 or 10 trade just run with a stop and no target see what happens.
Hubert
I use to suffer mainly from A as I never initiate a position without a stop loss. I do NOT do day trading any more as I think it doesn’t much my personality. Recently in the past few months I have been mainly swing trading and I’m just at the break even point. Hopefully my next step is to take consistent profits from the market.
Frank
Great Job most just get stuck in what’s not working and never switch to a easier path.
Congrats and go get it.
Hubert
Still C
Muhmmad
Thanks
Hubert
A
Russ
Thanks
Hubert
B
Real
Thanks
Hubert
seems like i just plain suffer. I did them all and I just did it again. over all I would say B.
Ron
Your a smart guy ask yourself how do I fix this issue?
Write down what your brain comes up with.
Hubert
I be a “B”. Take the small gain so I don’t turn a winner into a loser.
Terry
Try this place a stop and a big old target and walk away.
Hubert
I suffer from mainly A:. My problem now, is that I have stopped trading ,due to fear. My account has not grown for years and I have spent tons of time in the computer. I want to see financial gain, I want to make money , to pay for my webinars, site subcriptions, and some left to grow the account and take some pay for my personal needs. I just want to learn 3 bread and butter trades, master them, like the back of my palm.
tampawab
That’s a great start now pick which market your going to trade.
Stock, Options, Futures, Forex or Bonds. Then swing or Day.
Then the Tactics.
Hope it helps
Hubert
Hey Hubert,
I would say mostly B.
Prem Sawh
Thanks
Hubert
I suffer from b
Larry
thanks
Hubert
I suffer from both A and B!. Thanks
Kamalakar Pendse
Thanks
Hubert
Hubert… I’m trying to give up day trading because I suffered from “A” and was getting killed on commissions. So, I’ve tried to switch to a more swing trade approach… and it’s turned into “C”.
Dan
I prefer to swing trade. So I think your on the right track.
I still day trade but tend to make more swing trading.
As far as Commissions what do you trade look at leasing a seat.
Hope it helps
Hubert
A and occassionally C
Brian
Thanks
Hubert
“A” – with the added hurt of commissions piled on top, so even in a good week I’ll still end up down. By the way, thanks for all the tidbits of good info!
Dave H
What do you trade look at leasing a seat.
Thanks
Hubert
(B), I make the money, don’t take profits, wait to go higher, it come down go negative , then up again , then i take profit after a few days , increase the stake on other trade’s hence loosing more, is it greed kicking in ?.
HENDERSON
Yeah it’s a combo of fear a greed.
Do you keep a Trading Journal or track all of your trades?
Hubert
Hi Hubert,
Mine Is A.
Hey Miguel
Thanks
Hubert
C
I suffer from “B”
Ed
Thanks
Hubert
I suffer from A with small bouts of big winners. My biggest problem is not taking a good profit when it presents itself or taking a profit too fast that would have run a little…. You’re helping, I’m getting there, hard to do trading 1 lot……
Jason R
You are very close man just keep at it.
Hubert
For about 2 one month periods over 5 years of trading, I was a “B”. Mostly it’s “A” with some “C” thrown in. I seem to be able to find unexpected black swan events every other week that blow through support or resistance points like butter. I have yet to see a small profit that could have turned into a bigger one to let run. Seems like I get about 1-2 hours at best with a very small profit before all hell breaks loose. Stops are used and they usually are hit “to the tick” before reversal. It doesn’t matter where they are put – far away or close – all are hit before any profit so I can’t raise them once it might get in the green. I now just put them a few ticks away on entry in order to minimize damage. If it’s going south, I want out NOW. Went to your Chicago seminar 3 years ago but I guess nothing stuck. I’ll keep trying!!
Neal
Try this where you would normally put your stop use that for an entry.
Report back after a few trades.
Hubert
A
Tom
Thanks
Hubert
Hi Hubert,
I’m a daytrading ‘B’ type.
Thanks,
Tom
Tom
thanks
Hubert
B
B
Rich
Thanks
Hubert
B
Jeremy
Jeremy
Thanks
Hubert
A
Jim K
thanks
Hubert
A
James
Thanks
Hubert
Suffering A
Tod
Thanks
Hubert
Hubert, lately my trading sucks! I am a solid “C”
Hate to admit it, but I am – yep, a C
Bryan
Take a break best to get away from time to time.
It helps with draw downs.
Hope it helps
Hubert
Sufferin Succotash! “A” has my style all OVER it!
A was B…Seem to be improving from the A…Took John’s advice, trade the setup and leave it alone for 2 days…Best trade (GC) last month..
Mike R
Great Work. Yep best trades are the ones that you let simmer a bit.
Hubert
I’m a “B” to the “T”
B going towards C. After a big loss, I try to recover by aiming for small gains and close stops.
Kam
On the big losses are you using stop or moving stops?
Hubert
I’m a “B”
Robert
Thanks
Hubert
A thanks. will not be subscribe at this time.
yvonne
Not sure what your talking about on the sunscribe thing?
Thanks
B, and small account size…
Attila
Attila Hajdu
Thanks
Hubert
‘B’ most closely matches me.
Used to be an A then graduated to B then made it all the way to C then back to A to start the cycle over. But now I’m on to none of the above which is looking at a platform full of indicators and doing nothing because the pain (emotional and financial) endured from years of A, B, and C trading keeps me from taking action. It only costs me a $125 a month to pretend trade at TradeStation which is less than I was losing by actually taking trades. It cost about the same as cable and is much more entertaining.
M
That’s one way of looking at it.
Try to ease into some small trading like a mirco or mini forex.
The more you really trade the easier it will get.
Hope it helps
Hubert
I suffer from something different: I can have 10-15 moderate gains in a row and then one loss will knock out a good part of the profits. I DO use stops. Trying to keep nothing overnight – very often the opening gaps are what kill me.
Gale
I would just not trade Gaps then.
If they are the issue avoid them.
Hubert
Modified B.
My big losses are an accumulation of small lossess. On an upday, I have 2, maybe 3 trades the most. On a down day, I have about 15 trades, all with small losses adding up to a big loss.
More like “B”
Michael
Thanks
Hubert
I “B” sufferin’ once every couple weeks
Miles
It could be worse some trader never make progress.
Hubert
B but p/l is averaging b/e. I do respect my stoploss but cut the winners short
Manuel Menezes
Work on just holding a few trades a little longer it will make a big difference.
Hope it helps
Hubert
Like Julie, I to suffer from B…am improving, but it has taken way too long.
Paz
Stick with it it’s worth it.
Hubert
b
A
Ciaran
Thanks
Hubert
A
The problem with choosing to daytrade and/or swing trade is that they are two different disciplines.
If you daytrade, you have to trade a short enough timeframe to be able to see the actual movement of the price, right now and take a few Ticks.
If you swing trade you are looking at a fixed pattern on the chart or a Fib level that is not moving. I consider any price that is not moving to be a 50/50, coin flip trade. The reason is because you are not psychic. You are trying to predict which way the price will go and keep a large stop. So, if you are not good at predicting then you will suffer the patterns of losses that Hubert described.
Michaelp
Yep most traders make more swing trading than day trading it’s a odds things.
Hope it helps
Hubert
I’ve suffered from A B & C but mostly C. Actually my trading changed … I was winning much more than loosing.. then my trades did a flip with loosing trades. The reason I didn’t stop is because of the winners I had at the onset of my trading. I figured the loosing streak would stop just as it started. I was wrong.
Marsha
Some of the best Hedge funds out there have a Hard stop rule if you down more than 3-7% in one Month your done for that Month.
Hope it helps
Hubert
Hubert.. thanks for the tip about the Hedge fund hard stop rule. Thats a GOOD ONE. Why didn’t I think of that. :)) I will keep that rule at the top of my rule list. As my Mom used to say, Thanks a Million.
Marsha PS Your a hell of a guy. Thanks for sharing and yes it helps!
y blow my account with the b example. y had small wins and soudely big lost.
andre
Did you have a stop in place?
Hubert
I suffered from B last year. A lot of wins but some really big losses and came out about even or slightly down. I have changed my “ways” a bit and now seem to be suffereing from A. I am swing trading mostly but it seems to slow.
Dan
What are you swing trading?
Hubert
Hubert, I a combination of A and B. I too have a small account and tend to take profits too soon.
Marian
Try to sit in those winner a little longer.
Hope it helps
Hubert
Was C, moved to A
Glenn
Thanks
Hubert
B. late to enter, get out as soon as profitable. hold losser to long.
Alan
You know what happens to dogs that chase cars?
Yep 3 legged Dog.
Hubert
B
Stan
Thanks
Hubert
i suffer B Look forward to your fix for it,
Chris
Chris Hitch
Thanks
Hubert
A. Going up instead of down, but going up too slow. I suspect I’m taking profits too quickly with stops too tight, but can’t seem to hit the right balance to stay in the trades longer.
Brad
Best way to stay in trade longer is trade smaller size and use bigger stops.
Hope it helps
Hubert
Definitely number 1. Please a cure!!!
I have done all three at one time or another Hubert Thank you for your mentoring and experience to honestly assess my weakness and my strengths in trading futures which is what I am trading at this time Thanks and God Bless you S.V.
quite frankly, only been trading bonds for several months (thanks to you for introducing me to bond trading) and I am ahead. I keep my stops at 5 ticks on the 30yr, and if I’m ahead by 20+ ticks, I start moving my stop closer to the price to retain profit. I did have a month of trading like A but was able to keep my losses small so recouped what was lost in the first week of the next month. I’m having fun but it is an adrenaline rush when you’re in a trade. My problem is overtrading – hard to stay out.
I started out in B and then moved to A. ie. still lousy.