Mark Douglas

Fix: Ensure trade execution aligns with predetermined plans

Fix: Treat each trade as one data point in a statistical sample; remain relaxed and committed to your edge

Fix: Develop genuine psychological acceptance that the trade may be stopped out; understand what is truly at risk beyond just money (being wrong, not being perfect)

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

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

Fix: Deliberately construct an internal mental framework that balances freedom with discipline and provides guidance for decision-making.

Fix: Consciously examine beliefs acquired young and uninformed to identify which ones have negative implications for trading

Fix: Develop ability to see market from objective perspective without distortion

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

Fix: Build confidence through repeated, methodical execution of proven edges

Fix: Actively examine whether market interpretation is consistent with belief rather than based on what market actually shows

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: Force yourself to decide risk amount before entering any trade, mimicking the structure that gambling games provide externally.