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How To Overcome TILT (anger) When Trading ~ The Mental Game of Trading


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How To Overcome TILT (anger) When Trading ~ The Mental Game of Trading

  #11 (permalink)
 
bwolf's Avatar
 bwolf 
Los Angeles, CA
 
Experience: None
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Trading in Canada View Post
Generally yes.

But I agree it is also based on a very personal and case-by-case basis. When I look in the mirror and ask the hard question, I see both superficial in addition to more deeper and pressing reasons that causes me to Tilt.

I guess I personally am looking for a more superficial solution I guess. Perhaps that's naive and doesn't exist?

Like when you shock collar train a dog.

Perhaps I'll buy myself a shock collar.haha and buzz myself to bring me back to focus and keep it in perspective. And if I still misbehave then I'll give myself the big shock. Haha

I don't know.

The "no edge" idea was in answer to the post I quoted, as an oft-omitted factor in these discussions. Not necessarily your case. I have no way of knowing However, in my experience, whether I have an edge in the big picture, as it were, I can still be on the wrong path today, this week, or this month.

By taking a step back and analyzing my trading results carefully, I seek to structure trading incentives that align me better and better with setting the stage for a positive expectancy (@Salao mentions a few). The main thing is to find a way to allow for the development of honing that edge by sticking to your plan and strategy so you have something to measure against, week by week, for example. If you deviate and swing for the fences because you can't bear to see your P&L down, then you also ruin the experiment.

The guy from whom I got the 'missing piece' oft-overlooked (no edge), is Adam Grmes. He quite humorously points it out from time to time. Some of his writing on the subject of 'tilt' anger, blowing up accounts, etc. can be helpful. There are some good insights here, for instance: https://adamhgrimes.com/pattern-interrupts/

As far as intermediary solutions, check out the Discipline Problems thread.

Cheers.

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  #12 (permalink)
Trading in Canada
Burlington, ON Canada
 
Posts: 66 since Feb 2021
Thanks Given: 17
Thanks Received: 30

Thank you. I have heard of Adam Grimes. I will be sure to check it out


bwolf View Post
The "no edge" idea was in answer to the post I quoted, as an oft-omitted factor in these discussions. Not necessarily your case. I have no way of knowing However, in my experience, whether I have an edge in the big picture, as it were, I can still be on the wrong path today, this week, or this month.

By taking a step back and analyzing my trading results carefully, I seek to structure trading incentives that align me better and better with setting the stage for a positive expectancy (@Salao mentions a few). The main thing is to find a way to allow for the development of honing that edge by sticking to your plan and strategy so you have something to measure against, week by week, for example. If you deviate and swing for the fences because you can't bear to see your P&L down, then you also ruin the experiment.

The guy from whom I got the 'missing piece' oft-overlooked (no edge), is Adam Grmes. He quite humorously points it out from time to time. Some of his writing on the subject of 'tilt' anger, blowing up accounts, etc. can be helpful. There are some good insights here, for instance: https://adamhgrimes.com/pattern-interrupts/

As far as intermediary solutions, check out the Discipline Problems thread.

Cheers.


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  #13 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
Experience: Advanced
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Trading: ES,NQ
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Trading in Canada View Post
Oh thank you.

OK I think I have: 2,3,5,6, I think 7. I think I'm pretty humble but I don't know.lol I'm willing to accept I need to control my emotions and get myself under control. I recognize I HATE losing money. I can't stand it. So I have modified the way I trade to compensate for this. It helps me to stay calm and if I break even and don't make money, fine.

And I can be impatient. I know.

I think my environment makes me impatient and I cannot change it right now. So the other day I realized that by trying to rush these tests I am much further behind than if I paced myself but I'm struggling with a temperamental and unreliable platform which puts me over the edge.


Hi,

You think, and this is the problem behind your anger. To know or to think is different than to believe in something. Let's be more specific. Which actions and thoughts do you do regularly in your trading that will prove these are your beliefs? Make a list and compare your thoughts with your actions and the right beliefs.

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  #14 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
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Posts: 315 since Mar 2012
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Normally, traders are addressing this behavior, fear, and anger....(basically emotions) trying to accept and control them. It's an option, but a hard one. Think in a different way. Two persons in the same situation can have different emotional reactions. Why? Simple, believes. Your answer is easier than you think, change your beliefs, and your emotional problem is solved.

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  #15 (permalink)
Trading in Canada
Burlington, ON Canada
 
Posts: 66 since Feb 2021
Thanks Given: 17
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So

Well I did map my behaviour and reactions and my technical.

Here's my list, sorry for the swear words.

I say " oh fuck" as I look left once trade has triggered and see on a smaller time I missed a support or resistance area.

I say "fuck" when I'm fighting with my mouse and accidentally get filled where I don't want and didn't intend to, etc

I start scanning low time frame charts looking to make back a stupid loss with a quick scalp. At this point I haven't realized my big picture perception is clearly wrong to begin with.

When I can't make back that stupid loss, frustration builds. I jump to another instrument like es/nq /cL/ng and try to make the loss back there.

Rage sets in and I begin hyperfocusing on the 1 min chart, increasing no. Of contracts and f-bombing. No longer thinking clearly and start pushing myself to blow the account. Like I'm taunting the inevitable.

Lordy lordy.lol




I also know my environment plays a role as when something happens it sets me off, I freak out and it panicks me to finish the test.


Kaimu View Post
Hi,

You think, and this is the problem behind your anger. To know or to think is different than to believe in something. Let's be more specific. Which actions and thoughts do you do regularly in your trading that will prove these are your beliefs? Make a list and compare your thoughts with your actions and the right beliefs.


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  #16 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
Experience: Advanced
Platform: Ninja
Trading: ES,NQ
Posts: 315 since Mar 2012
Thanks Given: 883
Thanks Received: 346


Trading in Canada View Post
So

Well I did map my behaviour and reactions and my technical.

Here's my list, sorry for the swear words.

I say " oh fuck" as I look left once trade has triggered and see on a smaller time I missed a support or resistance area.

I say "fuck" when I'm fighting with my mouse and accidentally get filled where I don't want and didn't intend to, etc

I start scanning low time frame charts looking to make back a stupid loss with a quick scalp. At this point I haven't realized my big picture perception is clearly wrong to begin with.

When I can't make back that stupid loss, frustration builds. I jump to another instrument like es/nq /cL/ng and try to make the loss back there.

Rage sets in and I begin hyperfocusing on the 1 min chart, increasing no. Of contracts and f-bombing. No longer thinking clearly and start pushing myself to blow the account. Like I'm taunting the inevitable.

Lordy lordy.lol




I also know my environment plays a role as when something happens it sets me off, I freak out and it panicks me to finish the test.


1. I say " oh fuck" as I look left once trade has triggered and see on a smaller time I missed a support or resistance area.

Your real thought: "Oh dam, I'm missing profits, MONEY!!!

I say "fuck" when I'm fighting with my mouse and accidentally get filled where I don't want and didn't intend to, etc

Your real thought: Not only I'm missing profits, but I'm also so stupid as to make a costly mistake.

I start scanning low time frame charts looking to make back a stupid loss with a quick scalp. At this point, I haven't realized my big-picture perception is clearly wrong, to begin with.

Emotions and Actions: Anger and obsession only focused on money, take you to an unsub conscient state of what your mind thinks will get you better, and recoup the loss. Nothing will help you, because you have run a program based on your beliefs:

Belief in impulsive actions for quick profits.
A belief that losses must be immediately recovered.
Lack of patience and a need for immediate results.
Emotional attachment to trading outcomes.
Overconfidence based on past successes.
External factors as the primary cause of trading outcomes.

When I can't make back that stupid loss, frustration builds. I jump to another instrument like es/nq /cL/ng and try to make the loss back there.

Same story

Rage sets in and I begin hyperfocusing on the 1 min chart, increasing no. Of contracts and f-bombing. No longer thinking clearly and start pushing myself to blow the account. Like I'm taunting the inevitable.

Some of the same, and always start with the same, beliefs. You catch them with what you say and I post it for you.

Your subconscious programs are aligned with your beliefs, don't forget that. If you are doing something you don't want to do, change your program and for that, change your beliefs. If you change it, you will be able to change your actions and your thoughts, and your emotions.

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  #17 (permalink)
Trading in Canada
Burlington, ON Canada
 
Posts: 66 since Feb 2021
Thanks Given: 17
Thanks Received: 30

Very good!

So let me ask you, what do you believe? If you don't trade for money what do you trade for?


Kaimu View Post
1. I say " oh fuck" as I look left once trade has triggered and see on a smaller time I missed a support or resistance area.

Your real thought: "Oh dam, I'm missing profits, MONEY!!!

I say "fuck" when I'm fighting with my mouse and accidentally get filled where I don't want and didn't intend to, etc

Your real thought: Not only I'm missing profits, but I'm also so stupid as to make a costly mistake.

I start scanning low time frame charts looking to make back a stupid loss with a quick scalp. At this point, I haven't realized my big-picture perception is clearly wrong, to begin with.

Emotions and Actions: Anger and obsession only focused on money, take you to an unsub conscient state of what your mind thinks will get you better, and recoup the loss. Nothing will help you, because you have run a program based on your beliefs:

Belief in impulsive actions for quick profits.
A belief that losses must be immediately recovered.
Lack of patience and a need for immediate results.
Emotional attachment to trading outcomes.
Overconfidence based on past successes.
External factors as the primary cause of trading outcomes.

When I can't make back that stupid loss, frustration builds. I jump to another instrument like es/nq /cL/ng and try to make the loss back there.

Same story

Rage sets in and I begin hyperfocusing on the 1 min chart, increasing no. Of contracts and f-bombing. No longer thinking clearly and start pushing myself to blow the account. Like I'm taunting the inevitable.

Some of the same, and always start with the same, beliefs. You catch them with what you say and I post it for you.

Your subconscious programs are aligned with your beliefs, don't forget that. If you are doing something you don't want to do, change your program and for that, change your beliefs. If you change it, you will be able to change your actions and your thoughts, and your emotions.


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  #18 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
Experience: Advanced
Platform: Ninja
Trading: ES,NQ
Posts: 315 since Mar 2012
Thanks Given: 883
Thanks Received: 346

If I was a doctor, you will make me the same question? I mean, If I was a doctor, I will get an income for my job, but my mind will be focused on other beliefs, life preservation, blah...I'm a trader, and I get an income for my trading, but is not my focus. I have other important things to do more than focus on results or individual trade outcomes...

Few focus you can start creating beliefs:

Continuous Learning and Improvement: Seeing trading as an opportunity to constantly learn, grow, and become a better trader over time.

The mistakes you were showing in the previous posts are an example. Take out your defensive state, and start creating an acceptance state, nothing is wrong if you miss one support and resistance. There are thousands in one month

Risk Management and Capital Preservation: Prioritizing the protection of capital and effectively managing risks to preserve and grow wealth in the long term.

Every trade is a new opportunity to preserve your capital, not to revenge your decisions

Process-Oriented Approach: Focusing on following a well-defined trading process or strategy consistently, rather than being fixated on the outcome of individual trades.

Every win or loss, helps to identify how god is my decision process, and my decision process will get me to the moon if I'm good at it

Financial Independence: Using trading as a means to achieve personal financial freedom, gaining control over time, lifestyle, and future choices.

The consequence of my previous beliefs

Contribution and Impact: Seeking to make a positive difference through trading, such as supporting charitable causes, providing for loved ones, or fulfilling personal goals and aspirations.

There is more than trading out there, do your job and enjoy your life and all that you can do out there

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  #19 (permalink)
Trading in Canada
Burlington, ON Canada
 
Posts: 66 since Feb 2021
Thanks Given: 17
Thanks Received: 30

Hi

So just to be clear with your answer are you saying that with each trade you are thinking about what charitable donation will this trade go to or you are going to make a religious donation, etc? What I'm trying to ask is, what is your fundamental goal with each and every trade?

Regardless of what the overall motivation is for the end of day, what is your primary motivation? Is it building your skillset, etc?

I think overgeneralizing that my trade motivation in life is money, well I don't expect you to get that right and that's ok you didn't. So let's just break it down further as to your goal with each trade.


Kaimu View Post
If I was a doctor, you will make me the same question? I mean, If I was a doctor, I will get an income for my job, but my mind will be focused on other beliefs, life preservation, blah...I'm a trader, and I get an income for my trading, but is not my focus. I have other important things to do more than focus on results or individual trade outcomes...

Few focus you can start creating beliefs:

Continuous Learning and Improvement: Seeing trading as an opportunity to constantly learn, grow, and become a better trader over time.

The mistakes you were showing in the previous posts are an example. Take out your defensive state, and start creating an acceptance state, nothing is wrong if you miss one support and resistance. There are thousands in one month

Risk Management and Capital Preservation: Prioritizing the protection of capital and effectively managing risks to preserve and grow wealth in the long term.

Every trade is a new opportunity to preserve your capital, not to revenge your decisions

Process-Oriented Approach: Focusing on following a well-defined trading process or strategy consistently, rather than being fixated on the outcome of individual trades.

Every win or loss, helps to identify how god is my decision process, and my decision process will get me to the moon if I'm good at it

Financial Independence: Using trading as a means to achieve personal financial freedom, gaining control over time, lifestyle, and future choices.

The consequence of my previous beliefs

Contribution and Impact: Seeking to make a positive difference through trading, such as supporting charitable causes, providing for loved ones, or fulfilling personal goals and aspirations.

There is more than trading out there, do your job and enjoy your life and all that you can do out there


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  #20 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
Experience: Advanced
Platform: Ninja
Trading: ES,NQ
Posts: 315 since Mar 2012
Thanks Given: 883
Thanks Received: 346


If your trade motivation in life is money, then don't be surprised if you feel angry when you lose it. You get your answer and the reason why you feel angry. Losing money is something against one of your beliefs, trading = money. Is not bad or good. Is a belief. The question: Is this belief helping you to achieve your goals? If yes, it's a helpful belief. Be strong with it. If not, change it. You are using a limiting belief and you will not go much further than you are right now.

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