Mark Douglas

Fix: Develop objective, non-judgmental self-observation to catch errors at the thinking stage before they manifest

Fix: Develop awareness that deeply ingrained thinking patterns derived from upbringing are the real source of trading difficulties

Fix: Recognize that struggle in trading is internal; focus on accepting risk and managing mental defense mechanisms rather than fighting the market

Fix: Recognize the pattern as a psychological barrier and investigate underlying beliefs about deserving success

Fix: Take full responsibility for all trading outcomes.

Learn to reconcile joy and pain in a healthy psychological way rather than seeking revenge.

Fix: Either transform your belief system first, or trade mechanically without requiring self-monitoring

Fix: Set up mental conditions that allow the zone to emerge naturally by eliminating fear of consequences and developing positive attitude

Fix: Shift perspective to making yourself available to take advantage of what the market offers at each moment, without needing or forcing anything

Fix: Use mechanical position scaling system rather than discretionary exit decisions based on retracement analysis

Fix: Instead of direct confrontation, create positive counter-experiences to gradually drain energy from the limiting belief and channel it into a better-suited alternative

Fix: Focus exclusively on controlling perception, interpretation, and personal behavior in response to market information

Fix: Thoroughly study and understand the concepts in Chapters 9 and 10 before using the Chapter 11 exercise

Fix: Recognize that it takes only one other trader to negate your thesis; focus on what others believe, not just what you believe

Fix: Develop genuine psychological acceptance of probabilistic outcomes and their consequences before trading

Fix: Undertake serious self-examination to understand exactly how you are and are not responsible for trading outcomes

Fix: Address mental conflicts and contradictions that prevent true probabilistic thinking through deliberate practice

Fix: Recognize that automatic associations must be addressed at the mental programming level, not through willpower alone; requires understanding and potentially reprogramming the internal mental environment.

Fix: Recognize that like reaching the moon, trading mastery requires difficult psychological work despite apparent proximity of opportunities