Oh Crap! - Rob Booker

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10 Oh, Crap! Page 10Why it’s okay: Reason #1You’re going to learn why you lost money.________________________________________If you lost more than 10% of your account on one trade, then you did somethingwrong. You goofed. It’s okay, just don’t do it again. Take a day off from trading. Stepback.1. Write down why you entered the trade.2. Write down why you exited the trade.3. Write down what you should have done differently.
11 Oh, Crap! Page 11NOT studying your worst moments is like smashing your thumb with a finger, and thensmashing it again. And again. I have worked with traders who have been making thesame mistakes for more than a year – have blown more than one account – and thenwhen they spend a week studying the reasons for their trades, they become profitabletraders.YOU HAVE TO STUDY YOUR BAD TRADES. YOU HAVE TO LEARN FROM THEM.IF YOU DO, YOU WILL START MAKING MONEY.Why it’s okay: Reason #2Write down why you entered the trade.________________________________________Did you enter the trade on a spur of the moment, emotional feeling? Writeeverything down. If you feel like you did everything right, that you entered the trade for
Page 1 and 2: RISK DISCLOSURE:Trading foreign exc
Page 3 and 4: 3 Oh, Crap! Page 3Don’t panic.Don
Page 5 and 6: 5 Oh, Crap! Page 5Why it happened:
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Page 9: 9 Oh, Crap! Page 9unpreventables, a
Page 13 and 14: 13 Oh, Crap! Page 131. How far am I
Page 15 and 16: 15 Oh, Crap! Page 15complete tradin
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Oh Crap! - Rob Booker

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