Anyone else self-sabotage?

[SimpleMeLike]

I know what I'm doing and I understand the game. And it takes a lot of discipline and mental strength. And then all of a sudden, it's like I get a voice inside my head that makes me do something hastily and completely stupid. WTF. Anyone else battle something like this?

Good Morning Aisone,

Yes, this happens to me at times as well.

I can have the best plan in the world pre-defined, until Drawdown comes in real time.

I have no answer, but to keep on thinking and fighting and planning and clicking and clicking and starring and thinking.

 

[Aisone]

Good Morning Aisone,

Yes, this happens to me at times as well.

I can have the best plan in the world pre-defined, until Drawdown comes in real time.

I have no answer, but to keep on thinking and fighting and planning and clicking and clicking and starring and thinking.

Thanks man, appreciate your thoughts. I intend to fix it for sure.

 

[murray t turtle]

If I read your responses, I think you missed some basic stuff of being a successful trader.
1) What is your objective of your tradingplan? For example, mine is catching the high or low of the day and riding it to the close, hoping for a large range day.
2) What rules do you need to accomplish this? For example: I need to sit on my hands when I'm in a trade and must be willing to give up profits, because the market can turn mid day and go from a nice profit to a loss, because of my goal of catching the large range day's.

by writing it out, thinking clearly beforehand, you will get more confident in what you are trying to accomplish with your trading. I have the feeling now, that you are trying to figure out what you want to do while you are trading.

%%
1+2 ]GOOD points + good %.
1] WRITTEN plan helps a lot, as noted, M Masters, Marlin Fund write stuff on his business card$; not that i would want to fight a fish giant 7 hours LOL.
2] I got to fish with an old timer some years , good enough to be a commercial fisher. He gave all his fish away + preferred a can of tuna fish, he said LOL
3.333] But like fishing + hunting\ certain times >>much better than others usually.......
7.77] Some songs help/
whole town said he should have used red\
but looked good to Charlene/John Deer Green/ JD Green song >15,077,888 Video volume views /auto generated yoU tube12;58 afternoon CST. Thanks

 

[Laissez Faire]

 

[murray t turtle]

View attachment 339071

% %
PEOPLE put me so H\, i just want to come down \M Tyson.
Interesting he spends time now with 350 pigeons in AZ.
A 400 pound marlin can jump 10 feet\ = strip- trip-rip an 25 pound drag 80pund line/500 yards in seconds-SCDNR. They also eat tuna fish.
I prefer a 5or 6 oz can + tunafish + 200 pound deer LOL

 

[murray t turtle]

% %
PEOPLE put me so H\, i just want to come down \M Tyson.
Interesting he spends time now with 350 pigeons in AZ.
A 400 pound marlin can jump 10 feet\ = strip- trip-rip an 25 pound drag 80pund line/500 yards in seconds-SCDNR. They also eat tuna fish.
I prefer a 5or 6 oz can + tunafish + 200 pound deer LOL

%%
I meant to write '' so HI\ so i just want to come down''-Mike Tyson
ERRORS happen\ so i like a lot of auto stuff\ 50dma/200dma, planned, resting orders .....
.But even with that, some resting profit orders NEVER get hit\so i use market orders then with liquid stuff like SPY\SH........................................
Sorry, even a 50period ma+ SPY data can be wrong\ so lots of work /helps.............
Its not a random walk @ all so i pick a penny, dime or US$ on main street LOL
Wisdom is profitable to direct.

 

[Wide Tailz]

I know what I'm doing, and then all of a sudden I do something hastily and completely stupid.

This same destructive possession has gotten me over and over again.

Months of consistent profits then one huge loss takes it all away.

Every time, it was my psychology that changed.

I began to fear not having enough money.

Then took a big bet outside my system.

Then it didn't work.

Then I added.

And finally puked it all out after reality set in.

It was the fear of not having enough that was always the turning point.

 

[SimpleMeLike]

Thanks man, appreciate your thoughts. I intend to fix it for sure.

Hello Aisone,

You're more than welcome.

I believe every manual trader have a weakness.

My weakness is rushing to get out of Drawdown and not taking my time and being patience.

So I have to construct permanent corrective actions to prevent this weakness I have.

 

[Aisone]

This same destructive possession has gotten me over and over again.

Months of consistent profits then one huge loss takes it all away.

Every time, it was my psychology that changed.

I began to fear not having enough money.

Then took a big bet outside my system.

Then it didn't work.

Then I added.

And finally puked it all out after reality set in.

It was the fear of not having enough that was always the turning point.

So frustrating, isn't it? Yeah, I can relate to those fears, and unfortunately to that moment when reality sets in as well.

 

[Aisone]

Hello Aisone,

You're more than welcome.

I believe every manual trader have a weakness.

My weakness is rushing to get out of Drawdown and not taking my time and being patience.

So I have to construct permanent corrective actions to prevent this weakness I have.

Being unable to automate things is the worst part of it all, because it simply is impossible to remove all of the variables that are affected by making manual decisions in all types of markets. Theoretically that could be helpful at times, when instincts and deeper insights can turn things into a much more profitable position than an automated trade would have taken on, but it just doesn't work that way, for me at least. I'm beginning to wonder if it is actually possible to teach an old dog new tricks.