right now my emotions are up in the "triggered zone". Pissed off at the wife. unfortunately, so is the market. Thus sitting still could be a dreadful mistake. This is where trading gets really, really hard because I have a history of shooting myself in the foot when I feel this way. Only thing going for me is a desire for self-preservation......
The tilt cycle is, as he says - brilliant! Loved that part. The tilt prevention plan, got some steps I’m not a fan of like the SL one. Thank you for sharing this valuable resource! Appreciate it
You're welcome! This definitely helped especially with the recent drawdown in markets. Which part of the SL step are you not a fan of? Care to elaborate?
The Pattern Breaker Worksheet has been especially useful in helping me spotting my line, huge thanks for that.
I can easily go from 3 (triggered) to 5 (out of control) in an instant if I don't intervene right away.
The mammalian response technique I learned from DBT (emotion regulation therapy) is the best solution to get me out of triggered mode. I dunk and hold my entire face in a bowl of ice water, repeatedly. The more discomfort the better.
I keep a cooler with ice and a bowl of water next to my trading desk to make the intervention easier and faster. Leaving the office to intervene is usually best, so I escape to the terrace and bypass my wife and son.
The key to success for me is using the ice at level 3. When I'm at level 4 it's usually too late to bring me back down to 1 or 2.
Also, I've been using tapping when I'm at level 2 (bothered) to get me back to level 1, and it has been very effective.
Thx so much for this Emotional Temperature Scale worksheet. Very useful!!
right now my emotions are up in the "triggered zone". Pissed off at the wife. unfortunately, so is the market. Thus sitting still could be a dreadful mistake. This is where trading gets really, really hard because I have a history of shooting myself in the foot when I feel this way. Only thing going for me is a desire for self-preservation......
What's the perspective you hold that's causing these emotions?
https://youtu.be/4a1omxlM6f4?si=ePrBJyQl_v1JtwSH
Check out this tilt cycle concept that works similarly to your emotional thermometer!
The tilt cycle is, as he says - brilliant! Loved that part. The tilt prevention plan, got some steps I’m not a fan of like the SL one. Thank you for sharing this valuable resource! Appreciate it
You're welcome! This definitely helped especially with the recent drawdown in markets. Which part of the SL step are you not a fan of? Care to elaborate?
Yes - closing a trade before it hits stop-loss. I'm a fan of letting it hit the stop, not closing the trade before price gets close to it.
I would modify that and say close a trade if it was a wrong entry &/or entry based on impulse.
The Pattern Breaker Worksheet has been especially useful in helping me spotting my line, huge thanks for that.
I can easily go from 3 (triggered) to 5 (out of control) in an instant if I don't intervene right away.
The mammalian response technique I learned from DBT (emotion regulation therapy) is the best solution to get me out of triggered mode. I dunk and hold my entire face in a bowl of ice water, repeatedly. The more discomfort the better.
I keep a cooler with ice and a bowl of water next to my trading desk to make the intervention easier and faster. Leaving the office to intervene is usually best, so I escape to the terrace and bypass my wife and son.
The key to success for me is using the ice at level 3. When I'm at level 4 it's usually too late to bring me back down to 1 or 2.
Also, I've been using tapping when I'm at level 2 (bothered) to get me back to level 1, and it has been very effective.
Thx so much for this Emotional Temperature Scale worksheet. Very useful!!
Was that $ amount the size of your stop-loss or was it an unexpected loss?