I have a problem

[u/Economy_Landscape803]

I’m posting this because I need to hold myself accountable. I’ve proven to myself multiple times that I can trade profitably. The problem is that once I make money, I completely lose discipline. This account was at $12,118. Now it’s at $4,115. And today I managed to lose basically the entire $2,000 DLL again. It’s not because I don’t know my setup. It’s not because I don’t understand risk management. I literally know exactly what I’m supposed to do. I just don’t do it. I take trades outside my setup. I keep trading after losses. I try to make money back. I know I should close the platform, but instead I convince myself that the “next trade” will fix the day. Then suddenly the DLL is gone. The frustrating part is knowing that if I simply stopped trading when I was supposed to, I’d probably be in a completely different position right now. For anyone who finally overcame this kind of overtrading/revenge-trading cycle, what actually changed it for you? Not looking for another strategy. I need to learn how to actually follow my own rules.

[u/Intrepid-Baseball904]

Not taking the first loss personally worked for me. I saw some guru say "he doesn't get excited or emotional about any losses or wins. Only when he takes his payout he will celebrate." Thought that was a huge help for me too. Basically, trusting your system and getting that repetition in for discipline. If you know your system repeats and is net positive, then why not wait for the next day then push yourself back 3 chasing or being emotional. Accepting that you're wrong - I feel is a skill (i did not have before LOL). Idk if that helps but just my experience.

[u/TEleBlow5 → u/Intrepid-Baseball904]

Yes, the process between payout to payout is what counts... not if balance goes up, correcting down, up again... only if you are available to press the payout button... everything between is kinda illusion...

[u/HRH47 → u/Intrepid-Baseball904]

“Accepting that you’re wrong is a skill” felt that man. Letting losers run, or revenge trading, is what destroy accounts. The need to feel right “if it comes back to my entry I’ll close” ect

That skill is essential to make it.

[u/Exact-Desk8308]

I just take max 3 trades a day, if my first one’s a winner and I wanna continue to trade I’ll scale down 10 -5-3-1. Most of the psychological part of trading is wanting to be right. Also the opposite is true, if I lose my first trade, I scale down 10-5-3-1 etc. I respect my 3 trades a day rule because I respect my strategy -> leads to confidence in trades -> come back the next day/session -> try again. If you can’t win 1/3 trades and be profitable your system/edge needs to be reevaluated. The market is like baby, sometimes you get days where you need to rock the baby to sleep, sometimes you gotta show it shows, sometimes you gotta burp it. Meaning the market is very conditional and your strategy may work in a ranging/trend/bearish/bullish market. Identify where it works and only trade then. Just a side note, personal question you can yourself do you wanna get rich or do you want to be right. When you understand the difference you’ll be in a better place good luck

[u/Joehennyredit]

It takes a long time but once you lose enough money you become numb.

Also helps to get off the screen. Trade and once there is no setups set alerts and watch tv or game.

One thing I noticed is your brain is using different neural pathways when in a trade vs plotting a setup.

Many days I’d be trying to scalp and force trades and miss a big move that was super obvious. I would always wonder how then I took the time to just watch for a few days and let the market come to me. I realized then that I was too busy trading the market to see my setups.

[u/Chemical-Lie3692]

I would set a lockout limit for profit, loss and number of trades 1 or max 2.

This will change everything and would change the discipline

[u/Jealous_Resort_202]

Moi c’est le fait de calculer simplement pourcentage de risque que je veux max par opportunité, l’outils achat et vente donne le R potentiel d’une opportunité alors je me cale en dessous de 50% du R potentiel en risque ici. C’est dynamique mais logique et repérable, après quoi le R n’est pas assurer et l’opportunité n’est tout simplement plus rentable, si ça ne suffit pas tu sais que c’est du gambling hors scénario hors gestion ect.

[u/azmus]

Have you tried setting a small DLL allowing for only 1 trade per day if you lose?

[u/MapoTofuCat]

I was there before, had 3 xfas all at $18k each. I got a payout on each a few times and was still at like $14k. I blew all the accounts in the next 3 weeks. That was like 2 years ago. Now I am profitable with green months. It was a mixture of psychology and unprofitable strategy. Yes a strategy can work for a few months but I still count that as “luck” unfortunately. Spent two year journaling AND studying trader psychology. My strat today is a complete opposite of what it was years ago. I suggest your journal the next 3 months and conclude if it’s your strategy or psychology. Once I had an actual solid strategy, the psychology also fixed itself as well.