Month 12 Results - 11%

Marginally better than last month. Seems like the market is quiet. Not good for a trader as without volatility, nobody makes any money!

The psychology of trading has more effect on a trader than I first realised. I've always believed that if you are making 10% per month on a £1000 trading account (i.e. £100), then to make £10,000 from a £100,000 trading account simply requires scaling up your trades by a factor of 100. Mathamatically this works but in reality, it is nowhere near that simple. This is because your reaction to a large loss on a small trade is different to the same percentage loss on a large trade. This is something a trader needs to overcome if he is to survive on finanacial trading alone.

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