Trading Psychology  |  SEP 2001

Life On Hold by Adrienne Laris Toghraie

Life On Hold by Adrienne Laris Toghraie If you have put your trading on hold, you undoubtedly have a compelling reason. To support your case for being stuck, you can find countless others who will nod in agreement and understanding as they wait to tell you their own sad tales. On the other hand, there are traders whose roadblock stories are just as compelling as yours, but who are successfully trading, nonetheless. How do traders overcome their excuses? As a new money manager, Joe had only $250,000 to manage. His own operating funds were based on a standard fee of 2% of capital and 20% of the 54% profit that he was earning for his clients. Despite his outstanding track record, the income from his business was barely $20,000 a year. After paying his expenses, Joe was living from hand to mouth. Deeply frustrated, he had only enough funds in his bank account for six more months of trading operations.

by Adrienne Laris Toghraie