Best book to rewire me to follow my trading plan

[Newc2]

thanks for the replies. I am going to consider all of these ideas

 

[formikatrading]

The problem with many trading psychology books is that most are written as a "one-size-fits-all" solution and don't consider that the level of discipline (or lack thereof) is unique to each trader (and is it also possible that you have ADD?). Part of your problem may also be that you're focusing on the OUTCOME rather than the trading process. You may need to re-wire your brain to feel good about following your plan. Set up rewards / punishments for sticking to / not following your plan (but then you still need the discipline to follow through on those!). Don't look at your P/L. You may also want to research books on self-discipline in life. Aside from your trading plan, do you have a daily routine? Try following that first. Just some thoughts.

 

[Newc2]

The problem with many trading psychology books is that most are written as a "one-size-fits-all" solution and don't consider that the level of discipline (or lack thereof) is unique to each trader (and is it also possible that you have ADD?). Part of your problem may also be that you're focusing on the OUTCOME rather than the trading process. You may need to re-wire your brain to feel good about following your plan. Set up rewards / punishments for sticking to / not following your plan (but then you still need the discipline to follow through on those!). Don't look at your P/L. You may also want to research books on self-discipline in life. Aside from your trading plan, do you have a daily routine? Try following that first. Just some thoughts.

thanks. i second guess myself. talk myself out of a trade. then i watch it go off. I am now doing as you suggest and looking at researchers like Kannehman

 

[formikatrading]

thanks. i second guess myself. talk myself out of a trade. then i watch it go off. I am now doing as you suggest and looking at researchers like Kannehman

I would actually look more at self-improvement folks (rather than academics) to find tactics to help you.

 

[O(1)]

Hi,

I have a good trading plan. I've backtested the setup and it has positive expectancy if it trader with correct position size.

My problem is that i just cannot stick to my damn trading plan.

I have it printed out but still I deviate. I end up taking incorrect setups and trade too large.

Any tips or book recommendations that would help rewire my mind, would be greatly appreciated.

Thank You

ps I have read Trading in the Zone

I used to have sheets of paper with conditions printed on them. As the conditions were met, I would check them off. If all conditions were met, I would for example.. enter or exit

if you still can't follow that, then just quit. What's the point..

 

[O(1)]

I bet your plan ain't that good. Probably highly subjective and open to interpretation as well.

That's your real problem.

yea, probably..

 

[Newc2]

if you still can't follow that, then just quit. What's the point..

thanks for your words of encouragement

 

[Newc2]

I would actually look more at self-improvement folks (rather than academics) to find tactics to help you.

thank you so much for your help.

i've been looking into what you suggested all evening and am so worn out now BUT i think you have pointed me in the right direction for where to look. I wish i had looked into this area of self development sooner.

 

[O(1)]

thanks for your words of encouragement

seriously though.. The psychology stuff is all over-analyzing, excuses to try to buy more time cuz you don't really want to make changes. Have a look in the mirror and decide what you are gonna do then do it.

you are perfectly capable

 

[Hooter]

See: Caro's Most Profitable Hold'em Advice. -No, I am not kidding.