Hi

So just to be clear with your answer are you saying that with each trade you are thinking about what charitable donation will this trade go to or you are going to make a religious donation, etc? What I'm trying to ask is, what is your fundamental goal with each and every trade?

Regardless of what the overall motivation is for the end of day, what is your primary motivation? Is it building your skillset, etc?

I think overgeneralizing that my trade motivation in life is money, well I don't expect you to get that right and that's ok you didn't. So let's just break it down further as to your goal with each trade.

There are a few things you can try to do that don't necessarily involve changing your whole belief system on a dime, band-aids to some extent, outlined in the Discipline Problems thread in the same section as this thread. I outlined things you can do and apps you can use to fully, 100% lock yourself out of doing the stuff you do (with daily/weekly DLL, max position loss, only certain instrument(s), consecutive losses time outs, full lockout from apps, etc., etc.).

The problem is that you will most likely not be able to set it up to really prevent yourself from making changes to your risk management system. You will always leave loopholes open. You will find ways to circumvent your lockout settings, and so on. It can take years to really figure out how to commit and that is often a result of other stuff you do (shared by others here). Also because truly preventing yourself from over-trading, trading too large, too often, any instruments, etc., may actually highlight the fact that you don't have a system that works, or only works sometimes, occasionally for short periods, IF you swing for the fences.

It's a process and you have to start somewhere. And these bandaids may also act just as a brake or circuit breaker on what you are doing. They may provide you with enough distance as you struggle to circumvent them to get a bit of perspective on what you are doing. They can also become an intrinsic part of your system and really help stem excesses. They actually work, if you can find a way to commit. But as others alluded to here, often the best systems won't work if on some level you are bent on self-sabotage. But if not, then maybe it can work!

You could start there. If you are going to put in the work required to have a chance at being consistently profitable.

Hi there


Does anyone have any suggestions as to how they overcame anger when trading?


Thanks

Hey Trading in Canada,

First of all thank you for creating this thread. I was thinking about it for a while myself because I 100% can relate to where you at now.

I am in a same situation. I've been funded more than 15 times with different companies including TopStep.

I have exactly experience and I am surprise there is a someone out there who think exactly like me. Also i just want to say thank you to Kaimu he has very good points.


First let's break down all issues into a smaller piece's even though the problem is one but it can be broken down into a smaller chunks.

When you failed the test. Do you failed it because you are continue to execute trade until you reached your max DD or you are letting your one particular trade to take you down and blew up your account.

If it is the first part then the fix is simple just limit the amount of trades you take (I will talk about it in details below). The second bit is the most challenging, this is where I straggle.

It is a place where "brain" controls me. What I mean by that is I want to be right(at least it is what i think) on the trade and if I am wrong I am struggle to accept and take any actions. What is going to happen next I can remove my SL and trade will take my account out. Once it is gone you are experience frustration, anger and eventually acceptance. I think "Brain" enjoys that energy rush. It treats it as a drug. This is why I think it is hard to deal with. I went through the same ideas like you with dog thing. I came to conclusion that there is a better way of doing it.

In your replies I've picked up that you don't have an ideal environment for a trading.
You are not a lone. I trade from the leaving room with two young kids. who loves to run and scream. What I realised that I get easily on tilt on the most critical time(decision making) when kids will go nuts or wife increasing the voice on them after telling them same thing multiple times.
It seems, that you are different to other people who can trade and listen to music or have TV playing on the background. This emotional state can be fixed by accepting you can't change anything right now. You can use plugs to reduce the noise level and train the brain to catch that irritation moment. Be present and talk to yourself and once you parked it you should get back to normal.

Anger is a big word. It is a fact that human bean does like to loose (we love hear only ourselves because we are smart) . You only getting angry because you are not getting what you want on your terms. this is the point where you need to look into the trading analysis.

• How many trades do you do a day? - Very important question. Why you may ask. How long can you seat and stare at the screen without having the "brain" tell you a story that is not appearing on the screen. It forcing you to execute on something that is not there.
  What days are your loosing days and after how many green trades you are hitting the red one? - I loose Thursday and Friday so I just watch the market on these days.
  What is your largest winning trade (in ticks)?- It is important stats. I will give a reason later on.

We all come to trading because of money. Kaimu totally right in his posts. The shift needs to be made. Here is why?
Why do you think the sports people are more successful in trading then regular person. In my opinion they love the game and they try to improve daily.

You need to Love the market and the game. Take tennis the game is simple. All you need to do is put the ball across the net and within a lines. Treat trading like a game but you are playing in ticks term with "big boys".

When you are in a market ideally focus should be on how safely grab the ball from the "big boys" and carry it for X amount of ticks.

If you illuminated first and the second part and you did you analyse in point 3. You know that you have a trade that can bring you 10 ticks.

Now, "One good trade" comes in (book) and a bit of math is going to help us. Your goal is to pass the evaluation right?

So You executing one trade with 10 ticks = 100 dol. This is you bread and the batter. Once you done it you shut your PC. (No more Anger and frustration). You are not chasing anything else.
Apex Evaluation is cost 15 dol when it is on discount so you are going to spend = 30 dol because it is going to cost you couple of months to pass it.

Now put it in prospective 1 contract = 10 ticks for a 20 trading days = 2000K, 2 contracts = 4000, I think you got an idea.

Your focus and goal should be ticks and not the money. Money is measurement of you sticking to that 10 ticks or whatever number you identify in your analysis. At the end of the day is just a computer game for a big boys who likes the challenge.

Just imagine where your confidence level will be when you stick to that trade for a 20 trading days? I am sure Anger will be able to find a way and come up later on but it will be another story.

This is how I change my mind set if you find a way please share it and i'm sorry for a long post.

Thank you.



I will try to find the thread Discipline Problems and begin trying to implement some of these principles. Admittedly I have a little difficulty navigating around on here but I'm sure I'll find it.



Thanks again. I have ADHD so I'm committed to being disciplined but execution is hard for me without external structure. I think maybe that might help. I'll check it out

You're welcome. It's easy to find, it's the second thread under this one.

Good luck with your trading. There's a wealth of great feedback in this thread.

Sent using the NexusFi mobile app

Sorry I don't know, so if I go under trading psychology that is where I will find it?



Sorry.

Hey felow Canuck. Haven't read the full thread, but you got a lot of response to your problem.

My advice is to focus on the process. Do you have written plan? If not start there. You are more likely to do something you have it written down than if you didn't.

Only you can control you. Short of buying an electric brad nailer and shooting youself in the knee every time you screw up, there is not much a forum can do to help besides give you support.