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What Do You Replace Positive Thing With


Discussion in Psychology and Money Management

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  #21 (permalink)
 
deaddog's Avatar
 deaddog 
Prince George BC Canada
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RDCoach View Post
**************************************************
Challenge:First, try after a losing trade, to NOT take the next one until you've a figured out the modification needs to be, and test it. It could be a new rule (I call these items that affect your cash) or a distinction (nice things to know that make the set-up better). Then go to the next trade in SIM.
Most can't STOP and continue to trade and lose. BUT this is an exercise in Discipline.
Solution: Journaling ALL these Rules and Distinctions during the day is a 2nd recommendation. REREAD The daily list before each trading day. As the mind will not retain information unless repeated 7x in the memory.
So, just doing these few things will IMPROVE your trading DRASTICALLY!!! not just a little. Doing this also helps to hone in on your "edge."
PLUS this will give your mind a break from emotions in the process.
Good Trading!

That didn't really answer my question as to whether you have a definable edge and how you define it.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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 ThemBones 
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RDCoach View Post
Mark was a dear friend of mine and is missed. I Love the quote Progress not Perfection, says it all. Good Trading!

You lucky dog... I envy you. I only wished I could have met him before he passed (too soon). My wife and I feel like we've known him all of our lives, though. It seems like he's still here.

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 RDCoach 
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ThemBones View Post
You lucky dog... I envy you. I only wished I could have met him before he passed (too soon). My wife and I feel like we've known him all of our lives, though. It seems like he's still here.

In The trading community he was always known as a great guy. Hope I can have the same legacy. Better get my book out finally!

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 Oiler 
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ThemBones View Post
There are a lot of markers in in your writing signaling a need for professional coaching such as hoping, sabotage, stubbornness, childhood trauma, being right, and more.



With that said, you started the thread title asking about positive thoughts but by the end you've switched to overly positive. I wonder if the problem actually stems from unrealistic thoughts.



As far as revenge trading, outside of psychological investigation, you need to create a mechanical system to compensate. However, if you can't follow your trading rules (which as far as I can tell either you have no rules or you can't follow them), you should stop trading right now. I didn't say give up; simply stop trading. You may have already stopped, and I tip my cap to you if you already took this step. It is a sign of integrity. Instead, create some rules to follow in your personal life. Most people cannot follow rules in their own life; how can they expect to follow rules when trading? It's unrealistic. Once you make progress there, you can start to create a realistic plan to follow for trading.



Sometimes you need some big losses to stop


Sent using the futures.io mobile app

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