Aloha! We are Glenn & Reid, founders of Hawai'i Trading Academy.
Signs of trading on tilt:
increasing your risk size above your initial tolerance.
a trade that has been adjusted multiple times (2-3).
always checking the position.
placing trades you wouldn't normally place (either different market conditions or pairs).
I don't care, I just need to win my money back.
-You don’t realize how deep of a hole that you’re digging for yourself. Analogy. Delusional focus. A sense of mania
Actions to take to avoid tilt:
Self evaluation
go over your current open trades and assess risk. Ask yourself, If all of these trades go against me today, would I be able to handle the loss without emotion? close positions that have you worried/revengeful. If you don’t close those positions, you will have a bigger risk of blowing up your account. *ask the question, if the person is really on tilt, nothing can change their mind.
You need a fire exit. Emergency plan. Have it in the back of your mind, but only use it when necessary. Tilt happens in the moment - Walk away from the computer. Change your environment, to change your thinking . Do an activity that gets your mind off the charts (physical exercise, games, socialization).
-When you get back to the charts, you will have the kneejerk reaction of guilt/ beating/facing the loss yourself for making mistakes.
-our emotions are on a rollercoaster > what happens after TILT? Add CANVA
Guilt > Acceptance..
In ALL traders careers will experience a degree of TILT. Is there a way to minimize it? How do i minute the amount of ties i slip into tilt. We offer many free resources, 1) get into conversation with it, own it, be honest with your self. Acknowledge to move on faster.
Like a roller coaster, you want the drop to happen as fast as possible. Get over the scariest part. Theres going to be a point where you put your hands up and just “enjoy the ride.”
Our mission: Cultivate & sustain profitable traders.
Our ethos: Be honest and transparent as we build our content off of what we consider three pillars of successful trading: Risk Management, Edge, and Psychology.
We aim to provide you a solid foundation, continuing education, and a resilient community of like-minded individuals after becoming profitable or funded.
For more information about Trading Education in Hawaii, visit some links below:
Network: https://hawai-i-trading-academy.mn.co
Website: https://bit.ly/HawaiiTrading
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Mahalo for listening.
Safe Trading & Stay Blessed!