Mark Douglas

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.

Fix: Actively identify and resolve conflicts, such as the belief that knowing what happens next is unnecessary versus years invested in prediction methods

Fix: Work to identify and understand your personal threshold for association (how similar must something be to trigger your fear), then manage exposure accordingly.

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

Fix: Cultivate psychological tolerance for being wrong.

Accept losses as part of probability-based trading rather than personal failures.

Fix: Place stops based on risk acceptance before entry; don't adjust based on fear

Fix: Accept market randomness at the micro level while maintaining faith in your edge at the macro level

Fix: Acknowledge that winning trades require no skill and focus on building consistent, disciplined approaches rather than chasing winners.

Fix: Develop a genuine winning attitude rooted in complete risk acceptance before experiencing losses, not as a reaction to them

Fix: Create structure and rules that prevent impulses from expressing through trading

Fix: Develop emotional regulation and proper risk management to reduce anxiety

Fix: Accept that overcoming contradictions requires sufficient motivation and emotional work; commit to the process or accept the limitation

Fix: View each trade as one data point in larger 20+ trade sample size with expected win-to-loss ratio

Fix: Consciously recognize the association between past pain and present signal; evaluate the current opportunity on its own merits, not through fear from recent losses.

Fix: Train the mind to stay focused on the 'now moment' without allowing elation from recent wins to distort risk assessment.