What do you guy's do to prevent tilting?

Discussion in 'Psychology' started by FTDK, Jan 23, 2023.

  1. FTDK

    FTDK

    I am on Ninja as well! Will be looking for his posts, thanks!
     
    #31     Jan 23, 2023
  2. Sprout

    Sprout

    Your trading software would have a setting to close you out beyond your daily loss limit. Are you being a monkey and monkeying with this?
     
    #32     Jan 23, 2023
  3. ElCubano

    ElCubano

    lol... @FTDK this fairy has half of ET on Ignore
     
    #33     Jan 23, 2023
    FTDK likes this.
  4. ElCubano

    ElCubano

    lol...but he won a trading/investment tourney :D
     
    #34     Jan 23, 2023
  5. If your system is 100% mechanical there should be zero «tilt» and it should be automated ASAP and easily.
     
    #35     Jan 23, 2023
    FTDK and hilmy83 like this.
  6. deaddog

    deaddog

    Good idea. Then when ever you deviate from your plan just drive a dart through the back of your hand.

    Don't focus on the money. Focus on whether you followed the plan. A good trade can have a bad outcome.
     
    #36     Jan 23, 2023
    FTDK likes this.
  7. Tilting is in poker. If you tilt in poker, you will also be a losing trader. Invest and find low-stakes poker games, instead. You'll be rich if you follow Dave Ramsey.
    If you are still young, INVEST! Work, save, and get out of debt. Millions are multi-millionaires before the age of 50.
     
    #37     Jan 23, 2023
  8. spy

    spy

    Fun fact... the term "tilt" originated from pinball, not poker! Games are supposed to be fun :caution:
     
    #38     Jan 23, 2023
    murray t turtle likes this.
  9. %%
    Some things that sound correlated= aren't really correlated @ all.
    Like Texas Hold 'Em\ which is just a bull uptrend market hint or rally hint; not a:D:D card tip @ all.:caution::caution:
    SH was leaning or tilting the wrong way \closing below 200day moving average\ exit, thats how we handle a wrong way tilt. MSFT leaning right way/ exit also. Dave Ramsey radio+ books helps
    Good thing+ confirmation for me \i read about the multimillionaire that went broke in TX,WSJ .
    How?? Not playing poker or not poking a bull or bear with a red hot poker.
    Had a TX trophy room , trophy wife, trophy elephant in trophy room.
    Big, big mistake of ignoring multiple elephant trunk sell signals for days weeks , months
    Tilt may not be a problem/leaning tower /Province of Pisa capitalized on it.
     
    #39     Jan 23, 2023
    spy likes this.
  10. HOGWASH!
     
    #40     Jan 23, 2023