I already have a trading strategy that works, but my real problem is different. I have developed a very bad habit over the past few months: sometimes I erase my stoploss, and sometimes I even take trades without placing a stoploss at all.
Because of this, my capital and profits keep disappearing, no matter how good my strategy is. I have 4 years of trading experience, but since I started trading options, this habit has become stronger and it is now damaging my trading account.
I donât know how to fix this habit. Can you please guide me on how to rebuild discipline and stop this self-sabotaging behavior?
Well you already have the solution i.e. always set a Stop loss and Take Profit based on your Risk to Reward ratio. Just stay true to this rule and look at the probability of profit for a good number of trades instead of thinking just about your previous consecutive losses or profits. Trading is a game of survival.
If you are using this method and not following the stop loss then its a major fault. This method is a price action strategy and its a must to alway set the stop loss.
the issue is within you, now listen carefully after reading this you have to ask yourself whether as a man u can do or not. Just keep Rs5000 bucks beside you and write in a piece of paper that if i change any of the rule which are predefined, i will throw this Rs5000 on road. and then start and morever if it still break its ok donot worry just start throwing this 5k everytime u break the rule. but the bigger problem lies is when u will break the rule , will u adhere to even this rule of throwing 5k on the road or not thats still the question. Let see
Trust deficit in your system ? Try to code, backtest and then make peace with the objective metrics.
Not ok to lose ? Every trading strategy will have losing trades. Accept loss if it comes u r way and move on to next trade.
Trading capital pressure ? Use only surplus cash not needed for emergency or day to day requirements as trading capital.
Obsessive trading compulsions ? Move away from the screen once a trade is placed and SL is in place. Set alerts at key levels and come back only when u need to punch another trade. Constant Screen watching can cause unwanted actions.
First thing you need to understand â the market doesnât care.
It doesnât care if youâre confident or anxious, winning or bleeding.
The market doesnât love you, and you donât need to love or respect it. Itâs a beast â and the only way to tame it is through technique.
Your survival depends on building your own battle-tested system. Years of trial and error, refined into a strategy thatâs yours. Because youâll never last long-term on borrowed conviction â not Al Brooksâ, not Warren Buffettâs, not your neighborhood Rajuâs.
The four pillars you must master:
⢠Stock selection
⢠Position sizing
⢠Risk management
⢠Strategy execution
You came into this world with nothing, and youâll leave with nothing. Donât fear, donât doubt. Trust yourself. Most people donât.
And ignore the hype: algos arenât the holy grail. Decide for yourself whether you want to go discretionary or systematic. Iâve tested both â and nothing beats discretionary trading in the long run.
about it,