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Began choices buying and selling round an yr in the past and made losses of round 5 lakhs thus far.
What often occurs with me is that after making an enormous loss there’s an intense sense of guilt and realisation at that second, however that feeling fades away after 2-3 months and the urge to commerce relapses
After some preliminary successful days the huge loss day comes and it wipes out the day before today features and much more. 4 cycles of this sample have occurred thus far and regardless of the guilt and promise to by no means contact choices once more the relapse occurs after each 2-3 months.
I’ve recognised that that is simply gamblers habit at this level and that I merely don’t have the self-discipline to ever do that, one mishap might be deadly
The 4th cycle culminated in one other large loss right now and slightly than feeling dangerous about it, at this level I’m simply fearing a possible relapse a number of months later once more. I by no means need that to occur, please assist
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This discussion board is stuffed with many such posts on FNO habit and losses, attempt looking them and provides it a learn.
Quoting from a Huffington put up,
The experiment is straightforward. Put a rat in a cage, alone, with two water bottles. One is simply water. The opposite is water laced with heroin or cocaine. Nearly each time you run this experiment, the rat will turn out to be obsessive about the drugged water, and maintain coming again for increasingly, till it kills itself.
The advert explains: “Just one drug is so addictive, 9 out of ten laboratory rats will use it. And use it. And use it. Till lifeless. It’s referred to as cocaine. And it…
One such put up on habit and the way the surroundings really influences one’s behaviour.
Self-control doesn’t work in isolation, the surroundings too must be conducive.
And as at all times, when our self-control isn’t robust sufficient to beat our impulses, we would should concentrate on the surroundings. (i.e., alter the surroundings we dwell in).
Right here, the surroundings refers back to the circumstances, folks, objects, and circumstances by which one is surrounded.
cross_guild11:
after making an enormous loss there’s an intense sense of guilt and realisation at that second
Most likely this second of realization is the time throughout which one must take motion.
i.e., You must alter your surroundings such that it turns into unattainable for u to commerce once more.
U can start by closing/deactiving the FNO phase in your account.
Limiting your entry to funds by transferring or giving management to your mother and father and so on.
Or something that might meet the aim.
The purpose is, if self-control will not be working, we have to someway make it unattainable to commit the identical mistake once more, by constructing obstacles and surrounding ourselves with individuals who might information us.
One thing i learn on Self-Management & Environmental Results👇
Environmental results are necessary and sometimes missed once we take into consideration our selections and behaviors. It’s because our reflection is completed in a chilly state when we aren’t tempted by senseless TV, cookies, or sleeping in for an additional hour. If we wish to achieve success and develop methods and buildings that may really encourage self-control and good decision-making, then we’ve to foretell how we are going to really feel once we are in scorching states, and we’ve to rearrange our surroundings in a method that utterly prevents the alternatives we wish to keep away from. Like We’ve got to position the alarm away from the mattress, so we’ve to truly stand up when it goes off. Anticipating that our self-control will maintain is an efficient solution to fail when temptation is throughout.
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Learn a number of books on choices, buying and selling on the whole, buying and selling psychology, and so on.Then create a scientific buying and selling plan by backtesting utilizing NSE historic knowledge.Stick with the buying and selling plan, revenue 
No discretionary buying and selling = No playing 
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