How to control ourself when we lose money?

maxinger said:
I tried many things.

I don't find these effective ;
meditation, tapping meridian points


I prefer these:
psycho cybernetics (before trading),
get of of trading room and go running, and perhaps no trading for the next 1/2 day (when trading is really bad)
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Thank you for Psycho cybernetics. I read a lot of book in this field but haven't known with this work. Yesterday have started to read and found that some ideas are very useful.
 
SunTrader said:
No great mystery. Either you control yourself or you don't.

Which leads to, either you continue to be able to trade or you don't.
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I found that for some people it very easy to do it. Usually if they have done some continuous actions for a long time: as have practiced sport, studying, dancing est. They used to be disciplined by routing work. We can train our discipline in the same way as we can train our muscles.
 
Volfixtrader said:
Thank you for Psycho cybernetics. I read a lot of book in this field but haven't known with this work. Yesterday have started to read and found that some ideas are very useful.
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don't know who coined the word psycho cybernetics.
I am sure some people call it by other names to promote their services.
 
I started read of Maxwell Maltz. But he used anoutehr word for explaining. But you are right tecniques are similar, but I liked his basis idea.
 
SunTrader said:
No great mystery. Either you control yourself or you don't.

Which leads to, either you continue to be able to trade or you don't.
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True! There is no scientific formulae or way to do that. Losing is a part of trading and traders must know how to cope up with that.
 
The only thing we can do is to remain unaffected by them. As we already trading is all about profits and losses. Today may be good but tomorrow might be bad and vice-versa, so we need to have a strong mindset to be able to bear all that.
 
A tip of the hat to Robert Morse for his post...
'What is your process?
What triggers a buy or a sell to open?
What triggers an exit?
How do you size your trades?
https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706

Definition of discipline
a : control gained by enforcing obedience or order
b : orderly or prescribed conduct or pattern of behavior
c : self-control
Definition of self-control
: restraint exercised over one's own impulses, emotions, or desires

“Can I trade 100% Inline With My Plan And Rules On The Next Trade I Take?”
 
Elly9 said:
The only thing we can do is to remain unaffected by them. As we already trading is all about profits and losses. Today may be good but tomorrow might be bad and vice-versa, so we need to have a strong mindset to be able to bear all that.
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Correct! Trading does not show up the same results all the time. All we have to do is remain calm, no matter we have profits or losses.
 
Bree98 said:
Correct! Trading does not show up the same results all the time. All we have to do is remain calm, no matter we have profits or losses.
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Yeah... the road to success is through a healthy state of mind.
 
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