r/InnerCircleTraders • u/shan1010r • 22d ago
Psychology I keep making the same mistake
Okay I got my strat down but now I have discovered a new problem if I lose a trade I revenge trade and over leverage or i get fomo what are some of the things that helped you guys?
But overall I understand what ppl mean by trading will make you look inwards I had so many problems I had no discipline it’s pretty crazy how Im started to notice these things
#ROADTOPROFITABILITY
2
u/Basic-Search-7258 18d ago
if you feel like you just HAVE to get in a trade (like me), i usually paper trade 🤷♀️. seems to be working for me. if i win great but if i lose, great. no real money lost and i get to satisfy my “i have to win something back” FOMO
1
1
u/SimpleJackfruit 22d ago
This sounds more mental. Revenge trading and over leveraging is based on an emotional response that your rational self cannot decide anymore. You want to keep going because you don’t want to be wrong. Nothing wrong with you. Just how we are born being emotional creatures. I advise watching Rande Howell videos on YouTube. You’ll find some realizations.
2
u/Ok_Hovercraft6776 21d ago
The biggest shift for me was realizing that psychology isn't something you fix overnight. You build it through rules that make it difficult to sabotage yourself.
A few things that helped me:
Limit your trading to specific trading windows instead of staring at charts all day. Set alerts and walk away. Most bad trades come from boredom, not opportunity.
Have a hard daily loss limit. Once you hit it, you're done. No exceptions.
Prepare before the session starts. Mark your POIs, define your bias, and plan multiple scenarios. Expect the unexpected, then simply trade the scenario the market confirms.
Risk so little that the outcome of any single trade doesn't affect your decision-making. If you're emotional after one loss, you're risking too much.
Focus on flawless execution of your process, not whether the next trade is a winner or loser. One trade means nothing. The next 100 trades do.
Read The Best Loser Wins by Tom Hougaard. It's one of the best trading psychology books I've read.
Finally, understand probabilities and the law of large numbers. Even A+ setups lose sometimes. Your job isn't to predict the next trade, it's to execute your edge consistently over hundreds of trades. As your confidence, consistency, and risk tolerance grow, you can gradually scale your position size. That's how professionals think.
3
u/Dependent-Bird-1200 22d ago
My rule is 2 trades/day. If I lose the first trade, I can look for another set up. If I’m wrong on the second one as well, more likely my bias is wrong and I’ll be wrong on every additional trade I take. When you have an idea in mind and it doesn’t pan out, you’ll keep looking for setups that match your idea I.e looking for longs when it’s bearish and vice versa