Mark Douglas

Fix: Learn to observe market information objectively and make yourself available to what the market actually offers rather than what you want it to offer

Fix: Create structured trading plans and take full responsibility for acting on your own analysis

Fix: Identify and consciously surrender all motivations except consistency before attempting edge-based trading

Fix: Adopt probability-based belief system where every loss is neutral and mathematically moves you closer to expected wins

Fix: Only take trades in the direction of the major trend, using the longer time frame to define what is 'major'

Fix: Scale position size appropriately to your skill level and psychological readiness

Fix: Genuinely internalize and believe that virtually anything can happen at any time, adjusting expectations and risk management accordingly.

Fix: Develop mental flexibility through risk acceptance attitudes that prevent both extremes

Fix: Adopt the mindset of winners who remain disciplined, focused, and confident despite adverse conditions

Fix: Reframe trades within a probabilistic context where individual losses are statistical outcomes, not personal failures

Fix: Seek mentorship from successful traders who understand the psychological dimensions of trading

Fix: Accept that a mediocre system works fine for educational purposes; focus on the psychological learning, not system perfection

Fix: Build genuine confidence in your trading plan through understanding probability and acceptance

Fix: Define measurable, time-bound objectives (five miles by summer's end, not 'become a runner')

Fix: Derive stop-loss placement from market structure, finding the point where failure probability is sufficiently diminished relative to profit potential

Fix: Focus on consistent process rather than perfect individual trades

Fix: Accept that some level of uncertainty is inherent; define risk and execute systematic trades

Fix: Accept losses as unavoidable; incorporate them into risk management and money management philosophy.