Holding is working!

My summary for this week is.... holding on to trades is starting to pay off.

This week I had my most profitable week, making 182 dollars. That means I made a 15% profit on my account and I have taken my $500 account to $1,383. By far the biggest step I have made is by holding on to nearly all of my trades now to at least the interim crib. Previously I moved my stop up to just above breakeven far too quickly missing out potential profits.

Now anyone who has traded before will know that it is not easy to hold on to a trade that keep swinging from profit, to loss, to profit and

back to loss again. However if you have big losses and small wins you are unlikely to ever be consistently profitable. Which is why I knew I had to address this issue to improve my trading performance, and there is one thing that I believe has really helped.

Now it is a bit unconventional but bear with me whilst I explain why taking cold showers every day has helped me to hold on to my

winning trades. Turning the temperature of the shower to its coldest setting is incredibly uncomfortable and everything is telling you to either get out or turn the temperature to warm. Not that dissimilar to the feeling when you are ahead in a trade and the little voice in your head says “move the stop to breakeven, that way you can’t lose money”.

Now I am not going to take credit for this idea as I heard it on a trading psychology podcast. But for anyone who wants to know more about why this might help, a quick Google will give you plenty of information. And on top of this there is meant to be a lot of health

benefits to cold showers too.

Now I don’t want anyone swearing at me when they give this a go and realise that it is horrible, but Ido believe that doing this for the last 3 weeks has really helped

Until next time....