Kardec Trader explains why traders shouldn't try to fix their psychology directly. Instead, build systems that contain the damage: reset after losses, avoid carrying bias into the next trade, use rules to stop emotions from bleeding over.
The mistake a lot of traders make is, hey, I have a problem, I want to fix it. Naturally. If you have a very deep rooted problem, you can't fix it, but you can create an environment or a system or a structure that helps you, you know, disable it for that current moment. And that's I know what I'm doing. I'm on top of the world. I feel so great about making X, Y and Z. I'm going to do it again. I think two weeks ago I took a position, I lost money on it. I was biased. Market wrote up. I was biased with the idea of market's going to go lower. That's money. When that happens, I'm able to readjust myself the next day or next week and say, okay, how do I pick myself back up? How do I make sure I'm good? How do I make sure I'm locked in just so it doesn't carry over to the next day or week?
