mental block

M

mrmoose

I had been a reasonably successful trader from 1998 to 2003. I have a system and was very disciplined. For some reason around the end of 2003 I have had a breakdown in my disciplines almost a mental block where I cant get out of losers. I see my positions not working, freeze and then am unable to get out with a small loss. I have been able to put together several very good streaks in that period but once a have a bad day the freezing has started again. Has this happened to anyone else and how can I combat this?
 
1) punch self everytime you make an error.
Pretty soon you'll be too scared to make the error :D


2) Get tradestation, automate

3) Signup to mcdonalds, hiring new applicants. Work for 6 months then come back and tell us if you are still getting mental blocks from that job as well.
 
You appear to be gripped by perfectionism. Your hot streaks might have been random good luck. Your losses might have been random bad luck. When you become cognizant of yourself "freezing up", take the loss. Otherwise, you'll always be vulnerable to big drawdowns.
 
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