Episode notes
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
- “Don’t move the SL after placing the trade” is in your plan, but you move it to let it “breath” > cognitive distance. Your behaviors contradict your beliefs. Letting emotions make the call even though you know your plan is profitable but you lack the discipline to trade.
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