RiskTrouble said:
When the character does change, I don’t want to be in that position any longer. I want to be able to pull the trigger as soon as I know it’s wrong. I think part of the problem is taking money out the equation in thinking about winners/losers.
Well going back to how you want to be . The control of yourself to flow with the market.
With your dialouge, I think it worth setting up a trigger phrase which on external expression you simply comply with.
Suggest as this is how you see it as something like " The character has
changed."
as soon as you hear yourself get to
Changed thats your click point to exit. Just focus on what the markets doing, your giving your commentary of the market, focus on the market, forget yourself, we perhaps have to become detached from obtaining our trade by trade expectations of each trade.
Thats why its a interesting situation that we have to work through. Whats the cause?, are we looking to resolve that , or do we (or is it better ) change the situation by addressing the symptomatic behaviour, without finding cause.
I think we can do our own psycho analysis if we want to address the cause and look deeper into the reasons for "why we do not do what we want to do" .
But i can also see that treating the behaviour, can also bring about change without doing the cause route.
What is best for the individual to address cause or effect ?. Subjective I guess but also interesting.
Do we want to understand why we do or dont do, or do we just want results of correct action for ourself? Thats the individuals choice too I expect.
If as you say your system is robust, you know your trading knowledge is good enough for you to be able to compete then I'd suggest the conditioning to change your behaviour treating the symptom with external vocal expression ....
" The character has
changed." click. you exit on changed, no later. dont wait for a tic or 2 for it to come your way just ,change. I think for this to work you have to always go when you read and voaclly express this change in the market.
Set yourself a plan, give this at least a fair wack 20 ,30 trades that you will act on your command to act phrase. Lets see how you and the results go with that. Record all your trades, and that you acted on " The character has
changed." click.
The market has changed all you/we have to do is change with it.
" The character has
changed." click
" The character has
changed." click
" The character has
changed." click