Mark Douglas

Fix: Recognize that hesitation signals an internal state-of-mind issue, not a market problem; execute the valid signal or examine why your methodology has changed

Fix: Recognize that rules are self-created through conscious will, not imposed externally, and that they enable freedom rather than restrict it

Fix: Develop mental framework and emotional discipline parallel to technical analysis.

Fix: Accept the risk of loss as inherent before entering trades

Fix: Force yourself to define maximum acceptable loss in advance, creating external structure that prevents self-deception

Fix: Pre-commit to objective exit rules that override conscious rationalization

Fix: Recognize that perspective and psychological issues are the root cause, not lack of market knowledge

Fix: Choose attitude and mindset development as the primary focus; technique becomes easy with correct psychology

Fix: Explicitly acknowledge and factor hidden variables into every component of trading regime

Fix: Commit to taking every trade that conforms to the definition of an edge without discrimination

Fix: Reframe all market information as neutral data and perceive it as opportunity rather than threat

Fix: Understand that the market signal hasn't become less risky after wins; your perception of risk has distorted due to state of mind; maintain consistent position sizing

Fix: Maintain risk boundaries and position sizing discipline regardless of winning streaks; expect 'normal losses' even in successful systems

Fix: Reflect on core assumptions about winning, losing, and market nature to identify and correct errors

Fix: Accept that certainty doesn't exist in markets and shift from analysis-driven certainty to probability-driven edge execution

Fix: Always calculate and commit to your maximum loss before entering the position

Fix: Define exact levels beforehand based on when odds diminish relative to profit potential

Fix: Evaluate trades on process and risk management, not opportunity cost