Mark Douglas

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

Fix: When you encounter apparent contradictions, examine your beliefs first before explaining away the observations

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

Fix: Commit to executing planned trades and rejecting unsolicited ideas or tips

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: 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: 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