Ahn Amosofsky, a Hong Kong trader, struggled with taking profits too early from fear and holding losers too long. After 12 months working with Randy on a trading program, he built a psychological plan that closed the gap between his virtual and live trading performance.
Questions this video answers
Hong Kong
Almost 12 months
Chapters
Hi there. My name is Ahn Amosofsky and I'm based in Hong Kong. I've been working with randy for almost 12 months now after a few years trading from home. I guess the main reason why I joined Randy's individual program was that my live trading results weren't consistent with my virtual trading results. And although I was making money, it was nowhere near the results I was able to achieve with my virtual account. So basically, I thought, well, at least I felt I knew how to trade. But I found a lot of that flew out the window once I had real money on the line. So I found I was taking profits too soon out of fear and would hold on to losing trades out of the need to be right, so to speak. So basically, I was doing the exact opposite of what I should have been doing with my live trading. And so it became obvious to me that trading psychology and my emotions were the main problem.
Now, through working with Randy, I've developed a solid trading guide and a psychological trading plan which has helped improve my trading performance and bridge the gap between my live and virtual trading results. But more importantly, as an observer of mine and being aware of my trading habits, I'm no longer blind to the fact that it wasn't my system or my platform or the market that wasn't working as expected. It was me that wasn't working or executing properly. And I now have the necessary tools and the power to overcome my trading weaknesses.
Really, all I say is a big thank you for Randy for making this course available to students all around the world. And I will certainly highly recommend it to anyone who knows how to trade but are having problems.
That come with trader psychology and basically being aware of what you need to do to become a consistent and profitable trader. Thank you, Randy.