Mark Douglas

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

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

Fix: Recognize the existence of negative zone states and actively work toward reaching the positive Zone instead

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.

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.