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Interview With A Day Trader - Dr. Brett Steenbarger

B The Trader

CHAPTER

Performance Anxiety Triggers

There are limits to how much we should bump up and sometimes we're anxious about that for good reason So it's not always a psychological problem But I would say you know, I'll use an analogy of Of the prop traders that I work with they have a daily loss limit. And so we Size each trade as a fraction of the daily loss limit Now when they are ready to bump up to a higher daily loss limit They trade a new size, but it's the same fraction of thedaily loss limit That takes the ego out of it. It's a quarter of my daily loss limit Eventually, hopefully I'll be so successful of a daily losslimit of 10,000 and then 50,

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