I'm a newer trader (really 6 months at it), and would like to share something probably common that I'm struggling with, but am determined to beat: I have a tendency after days of really great gains from deliberate and disciplined trading (ie in the 2k-10k profit range) to lose it quickly on bad negligent, impulsive, revenge traded, etc. etc. trades. I'll also admit I'm still at a phase where I'm enthusiastic to trade probably too many mediums: stocks, options, index futures, commodity futures, bond futures, etc. etc. I haven't yet specialized too much (although I am starting to focus most on bonds and nat gas). This may be part of the problem, where my options #s and stock trades are killing my total gains. PS - I am a discretionary swing trader who occasionally does several long scalps throughout the day. I'm not yet a high volume guy. My contract #s are in the 1-4 range usually. Anyway, it is killing my net numbers, and I am determined to get rid of this habit. The only thing I have figured out as a way to keep me from getting too out of control, at this point, is to pay myself well on my good days -- keeping my trading account smaller. But seriously, today is a perfect example. I am in on a long natural gas spread that is starting to dwindle serious payoffs. Additionally, I'm doing some kickass methodical and disciplined bond trades - but when I see the net profit numbers climbing higher and higher for the day, I start doing the unthinkable, making impulsive long and short trades on oil with WAY higher contract size than normal trying to scalp a little bit off the QM. We all know how this ends. I am giving back to the market on trades I never even intended to take going into the market I am becoming a good trader, but my psychology is my weakness, and I hope to overcome this. Remember, I'm posting this on a day I still did beautifully net, but I know regardless this self destructive trading (gambling) is an element that can lead to my demise, as I won't hold my profits. Since I want to be optimistic, please note two things: 1) I don't want to hear recommendations to cease real trading and go to paper until I get ahold of myself. Its BS - a different business. I paper trade on the side, and my 1m IB account is 1.4m after 3 months of occasional trading. A donkey can do better than real life trading hedge funds on paper trading because the psychological pressure is off. 2) I don't want this to turn into a discussion focused on failure that will drive a losing attitude in, where all of the ET lifelong losers chime in with their depressing anecdotes on how they lost everything and how no one really makes money in trading. This is true for many, most aren't cut out for trading, but few have the resources and potential abilities I have, so lets keep it positive and focused on permanently fixing a problem early on in a trading career. Successful guys who've -genuinely- battled and overall beat this demon, chime in.