What are your disciplines and how you force yourself disciplined?

[Redneck]

Discipline is a result of training and repetition, not "forcing" yourself to do things.


Viewing losses as a punishment/training tool is completely wrong.

Agree - except the part about viewing losses as a training tool - they certainly


RN

 

[Redneck]

I believe in my heart that men only make changes when there is enough physical or mental PAIN. And until they reach that individual level, they will continue to do as they always done.

I lived this

I think forcing punishments from losses is bad for the brain,

Once something imprinted - it takes 4X the effort to change

I lived this as well

=====================

So was I stubborn..., stupid..., or both

Imo - definitely both


Ahhh..., the good ole days - my ass

RN

 

[Handle123]

Ahhh..., the good ole days - my ass

RN

I still make errors, sometimes once or twice a day, but they are now errors instead of thinking of staying in a trade a bit longer and changing the rules. I will take a trade "seeing" something that is an entry and after I am in, it is like "WTF" moment, as I get closer to sixty, been getting more of them. We all have our time of stopping and going a new direction.

 

[heypa]

We are all creatures of habit. It is easier to create a new habit than to break an old habit although both can be difficult. Repetition works if all else fails.. If you understand psyco cybernetics you can do it while not actually trading.

 

[londonkid]

We are all creatures of habit. It is easier to create a new habit than to break an old habit although both can be difficult. Repetition works if all else fails.. If you understand psyco cybernetics you can do it while not actually trading.

Yes I agree repetition does work and as humans we love routine/habits. Getting up at 5am to catch an early flight is challenging but if you have woke up at 5am the last 50 days in a row the chances are on day 51 you are going to rise at 4.59am on the nose without even setting an alarm. I have a friend who is a hypnotist and I was trying to encourage him to start working with some traders. If the material was good it could be very effective.

 

[Redneck]

Agree - except the part about viewing losses as a training tool - they certainly
RN

OOps.., forgot the are after certainly

I still make errors,

Yeah me too..., I fuck up all the time


But then..., what's a human to do

Let the fuck up define me..., or learn.., recover.., move on



C'est lavie

RN

 

[tiddlywinks]

forcing punishments from losses is bad for the brain, losses are to be forgotten

accept that the trade you are in will be one of thousands

I still make errors, sometimes once or twice a day, but they are now errors instead of thinking of staying in a trade a bit longer and changing the rules.

Yeah me too..., I fuck up all the time
But then..., what's a human to do

This thread is loaded with value.

For me, ALL OUTCOMES are forgotten. But to do so, first you must realize there are 3 components to ANY trade.
1) the reasoning (the trade is valid because. The trade is invalid when)
2) the mechanics (entry/exit/mgmt/clickhereclickthere), and
3) the outcome.

Confidence in the reasoning component is a must, and comfortableness with the mechanics is necessity. Any and all actual trades taken are always expected to have a positive outcome. In the beginning, all three components are intertwined. It's Pink Floyd... if you don't eat your meat you can't have any pudding. How can you have any pudding if you don't eat your meat? Until you know which reasonings(and associated mechanics) regularly produce the expected outcome it's next to impossible to be confident or comfortable. Constantly changing rules is a sure sign you are not in the confident and comfortable place. Some people never get to this place.

But it is only from this place, errors are just errors. And more times than not, an error manifests itself through the outcome. Doesn't matter if it is an error in reasoning or mechanics. We're human (and computers are only as human as the programmer), its an error. It's one of thousands. Next! And since all actual trades taken are expected to have a positive outcome, there is nothing special when that occurs. Next!

None of this is to say fine-tuning and further study stops and never occurs again. It's ongoing, just not in real-time. "fixing" in real-time leads to false confidence. Any trade, win, lose, or draw, is a good trade when you follow the rules. All that is required to do the job is to make good trades. The outcome takes care of itself.

 

[Turveyd]

1 of my main issues was averaging down to much and over leveraging upto 200:1, reduced leverage to 50:1 loads safer, removes the ability for me to do it.

No big account slaps since, or big huge up days but hey!

 

[londonkid]

1 of my main issues was averaging down to much and over leveraging upto 200:1, reduced leverage to 50:1 loads safer, removes the ability for me to do it.

No big account slaps since, or big huge up days but hey!

dude, all part of learning. Several years ago I did an averaging down account blow up on the ES, it was painful. I haven't averaged down for years since that pain. The next issue I faced was getting married to trades and holding the occasional loser way offside by moving the stop loss. It's rare for me to do that now but sometimes i have a relapse. Just last week I held a loser for a 30 tick loss which was over my 20 tick initial loss. I still finished the week comfortably up but it was a lapse, I did it while tired and distracted (warning signs that is might happen lol).

My issue was and is with being wrong. There comes a time in a trade where it best to cut regardless of whether you are wrong or right, hard to do in real time/real emotion. The preferable option for me is to cut and cut early when I see signs the trade is not panning out, then when it goes in your direction get on board later at an good spot.

GL

 

[Turveyd]

dude, all part of learning. Several years ago I did an averaging down account blow up on the ES, it was painful. I haven't averaged down for years since that pain. The next issue I faced was getting married to trades and holding the occasional loser way offside by moving the stop loss. It's rare for me to do that now but sometimes i have a relapse. Just last week I held a loser for a 30 tick loss which was over my 20 tick initial loss. I still finished the week comfortably up but it was a lapse, I did it while tired and distracted (warning signs that is might happen lol).

My issue was and is with being wrong. There comes a time in a trade where it best to cut regardless of whether you are wrong or right, hard to do in real time/real emotion. The preferable option for me is to cut and cut early when I see signs the trade is not panning out, then when it goes in your direction get on board later at an good spot.

GL

Tired and distracted are the enemy for sure.

Imused to movecSL, get more in order not to be wrong which equals months of good trading gone in minutes.

I keep my leverage as close as possible to the 50:1 max, so i cant lose too much before it kicks me out with a margin call.

Being so close to margin limit helps focus the mind aswell.


Somethings you have to use your broker to limit yourself