A Bad Day Trading

“I’ve had an absolutely awful day today”, “The DAX has been horrific”, “Worst day ever!”.

I cannot stand social media posts like this. I have a pretty short fuse for it unfortunately. Not only is it just another form of whinging (which I can’t stand), but it’s a clear sign that you’re doing ‘trading’ wrong.

Here’s the thing guys and gals….

Trading should not be stressful. If you’re having a “horrific” day then you’re overtrading. Simple. I’d bet my trading account on it.

Overtrading can mean different things, but in a nutshell, it means you’re taking on too much risk.

Money is relative of course. If I lose £100 and you lose £100, we both may have different feelings about that amount. My point being that you have to find what’s right for you when it comes to risk.

But the reason why most people experience these stressful times in their trading is because they focus on profits first, not the risk. It’s the greed kicking in.

Of course, we want to make the most money we can, so we are sucked into overtrading. We pick our maximum risk per trade based on what profit we might make, when what we should be doing is focusing on how much can we stomach to lose.

If you’re having a bad day and you are feeling stressed out by it, or wanting to vent in my Facebook Group, my advice to you is to go and consider your risk first. It’s a rookie mistake and your gut is a clear warning sign that you are punching above your weight.

When you turn down the risk dial on your trading to a level that sits within your tolerance level positive things happen, including sticking to your system throughout the inevitable bumpy periods.

Listen, you will have periods of losing runs. Its going to happen. Best thing you can do is prepare for it correctly by setting your risk at the right level now. If you don’t you will fail to tolerate the inevitable losing run you will go though. You will come off the rails, you will system jump, you’ll be stressed out.

Trading should be enjoyable.


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Chris Chillingworth is a systematic mechanical Trend Follower, trading and spreadbetting stocks, indicies, commodities and forex markets using mainly End of Day Trend Following Trading systems.
Chris is the host of the Trading the Trend Podcast, a show dedicated to Trend Following strategies, as well as The Spreadbet Beginner Podcast, a show dedicated to Financial Spreadbetting using Trend Following techniques, with both shows reaching over 100,000 downloads and counting.
Chris has been coaching both beginners and experienced traders since 2014 and has so far helped over 1000 traders and spreadbetters improve their results. Chris provides online video courses to help traders understand what they really need to know in order to become profitable and has always championed that your psychology is more important than your mechanics.
Chris also runs a one to one coaching service called the Inner Circle, details of which can be found on his website.
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About Chris Chillingworth

Self confessed lover of racing, american football and whiskey. Trader and Investor since 2011. Chris has now coached over +1500 traders using his mechanical systematic trading strategies and now also runs a members only watchlist of FTSE stocks.

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