YOUR TRADING SCORE RESULTS

Forex Market Hours provided by OANDA

Evaluations:

Compare the number of Yes’s you have in each part and in total. Your evaluations are based on these totals.

Part 1
1-3 You, are in good shape have a plan and are disciplined to succeed
4-7 You, are not in the amount of control needed to succeed and need to develop a plan and possibly get some coaching to help
8-10 You, absolutely need some coaching to get in control of your trading. You should be very cautious. Continuing in this direction you are destine to big losses.
Part 2
1-5 You have some emotions in your trading but seem to be in control.
5-8 You have too many emotions going on and need to lean some techniques to gain more control.
8-13 You are out of control and need coaching as soon as possible to learn proper emotional management.
Part 3
1 You are beginning to shows the signs that you are getting “blocked” but are still able to keep control.
2-3 You have an emotional block that is affecting your trading and will continue to if you don’t get help.
4-7 Your block is affecting every part of your trade, from the entry, to the exit. You need immediate help to remove the block and learn the techniques so you can use them throughout your trading career. You are NOT in control of your trades but are reacting from subconscious triggers even though your logical mind wants to do something different.
Whole Page Totals
1- 5 You are a good trader with a small amount of work to do on your emotions. For the most part you are in control and do not have big swings in your trading loses and do not seem to be blocked.
5-10 You do have a block and your trading plan needs work. You could continue doing what you are doing now and may survive but you will be challenged in moving forward in your trading. You should strongly consider coaching to add high quality emotional management to your trading style.
10-30 Your run the risk of being the next trading statistic. You are putting your money at risk. You also show the signs of an emotional block that is having an impact on all your trades. You should make coaching a MUST before you continue trading.

TEST YOUR TRADING EMOTIONS...WHAT'S YOUR SCORE?

Forex Market Hours provided by OANDA

Emotional Trading Test - 2010

Instructions: Mark each question you answer “YES” to and keep track of the results.
Part 1

1. You do NOT have a comprehensive trading plan you work from?
2. You do NOT have clear set-up criteria for each trade entry?
3. You do NOT use a hard stop in your trading?
4. Do you lack the preparation for your trading day?
5. Do you have a set of rules you don’t stick too?
6. Do your losers typically out-weigh your winners?
7. Do you have BIG swings in your profitability, having several great days, followed by BIGGER “crash and burn” days?
8. Do you beat yourself up on a losing day and carry it into the next day?
9. Do you have a plan that gets you back on track when you’re off?
10. Do you NOT keep track of all your trades?

Total the number of: Yes’s ______

Part 2

1. Do you lose on the first trade of the day and than are off emotionally for the rest of the days trades?
2. Were you successful in another profession (Eng., Attny., Dr., other) or life and are finding trading is a direct attack on your confidence and ego?
3. Do you rush into a trade with no preparation just to “be in the game?”
4. Do you NOT accept losing?
5. Do you experience any emotions at any point of the trade like hesitation, apprehension, uncertainty, fear?
6. Do you double-up on size after a losing streak or when you’re down to re-gain profits faster?
7. Have you ever been in a trade and gone into the “I don’t care” zone watching your money disappear or let the trade get away from you, with no stop losses in place? “Deer in the headlights?”
8. Do you trade when you shouldn’t and you’re off and have no discipline to stop and re-group when you need to?
9. Do you get exhausted after the trading day?
10. Do you have trouble telling the truth to your spouse about your trading day?
11. Do you lose sleep over your trading?
12. Do you find after a losing a large amount of money you are emotionally challenged on every trade after that loss?
13. You find it impossible to shake off a losing streak, easily?

Total the number of: Yes’s ______

Part 3

1. Do you see your set-up and still hesitate to enter?
2. Do you get “hooked” into taking a trade knowing you shouldn’t?
3. Do you have anxiety when trading and enter too soon?
4. Are you compelled to exit too quickly instead of waiting for the trade to work completely?
5. A high percentage of your trades are defensive?
6. A high percentage of your trades are offensive?
7. You logically know what to do in the trade but you find you are not taking the actions you should?

Total the number of: Yes’s ______


Total of whole page: Yes’s ______