Mark Douglas

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: Establish a rigid rule that eliminates the need for willpower—e.

g.

, 'one step further minimum, always'

Fix: Develop proper beliefs and attitudes about probability, opportunity, and self so that consistency comes from internal states regardless of market conditions

Fix: Incorporate technical analysis into trading strategy formulation

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

Fix: Align actual execution with planned trades through discipline and emotional control

Fix: Ensure trade execution aligns with predetermined plans

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

Fix: Redefine your relationship to market information through mental framework restructuring focused on opportunities

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: Target minimum 3:1 risk-reward ratio so profits come even with less than 50% win rate

Fix: Explicitly identify beliefs about markets/self/risk and audit them against stated trading objectives

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