A letter to myself tomorrow | Forex Factory

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A letter to myself tomorrow

  • #1
  • First Post: Apr 15, 2013 11:44am Apr 15, 2013 11:44am
Dear ------- (who will be trading tomorrow),

The reason you are reading this letter is because yesterday you messed up your trading. You displayed emotional traits that you worked so hard to overcome during the last 10 years. I am writing this to you so that you can clean up before things spiral out of control. Yes, you know that feeling, the memory is still fresh in your mind. The mindless clicking of buy sell buttons, behaving like a mad man whose hopes are raised and dashed in a casino.

You have done well for many years, I do not know what caused the sudden shift in your mental performance. That is why I need to write you this letter to remind you the importance of DISCIPLINE. Have you forgotten your motivation ? Do you remember who and why you are trading for ? Have you forgotten the pains and angst of emotional trading ?

It is not too late, in fact I must be paranoid to be writing this letter to you right now. But you know the dangers, that is why I am writing this to remind you right now. Sort out any issues you have right now, and do your mental check frequently during your trading (as you have done in the past). I have a feeling you messed up because of overconfidence and complacency.

Now you know trading is a constant battle of the mind, let today be a lesson for you.

Sincerely yours,

Me
Attached File(s)
File Type: pdf Discipline_120203.pdf   1.1 MB | 2,620 downloads
  • #2
  • Apr 15, 2013 1:25pm Apr 15, 2013 1:25pm
LOL!

You can do it! I know you can!

Best of luck.
Never Ever Give Up!
  • #3
  • Apr 15, 2013 10:26pm Apr 15, 2013 10:26pm
Thankyou for the timely reminder....
been there done that, Good Bye
  • #4
  • Apr 15, 2013 10:28pm Apr 15, 2013 10:28pm
lost 200% of my equity on GOLD crush, yes I was 350% up on my account....but lesson learned is priceless.
been there done that, Good Bye
  • #5
  • Apr 16, 2013 1:06am Apr 16, 2013 1:06am
That's actually a good idea. Many people do it, because we really change after some time. Especially it concerns people who deal with business and market. I guess I would like to remember old me in 20 years or something. Because it's really important to stay yourself no matter what.
Sorry for a pathetic post))
  • #6
  • Edited 1:25am Apr 16, 2013 1:11am | Edited 1:25am
Quoting aiyahmarklah
Dear ------- (who will be trading tomorrow), The reason you are reading this letter is because yesterday you messed up your trading. You displayed emotional traits that you worked so hard to overcome during the last 10 years. I am writing this to you so that you can clean up before things spiral out of control. Yes, you know that feeling, the memory is still fresh in your mind. The mindless clicking of buy sell buttons, behaving like a mad man whose hopes are raised and dashed in a casino. You have done well for many years, I do not know what caused...
That was interesting... Happens to the best of them I hear .. For me like you said it's always been after my best trading, I've blown an account once and every now and then have a momentous fk up where I lose a chunk of profits or weeks of "work" in a day or a week... it hurts.. But being able to recognize when you're most vulnerable is the key to managing this demon. That, unfortunately can only happen after falling on your sword a few times.

Also I find withdrawing all profits at the end of the week helps refresh the ego.

^ Don't underestimate the power of this... Your Equity balance is what it's all about. If you reset that dollar figure back to square one your brain will automatically associate that number with the mindset you had when you started. Which was likely discipline, concentration, and all those things that helped you profit... Rather than: the mind of "The world is my oyster look at all this money I've made and can now play with"... .. If you catch my drift.

G/L
Time hides Nothing
  • #7
  • Apr 16, 2013 2:10am Apr 16, 2013 2:10am
Quoting CindyXXXX
That was interesting... Happens to the best of them I hear .. For me like you said it's always been after my best trading, I've blown an account once and every now and then have a momentous fk up where I lose a chunk of profits or weeks of "work" in a day or a week... it hurts.. But being able to recognize when you're most vulnerable is the key to managing this demon. That, unfortunately can only happen after falling on your sword a few times. Also I find withdrawing all profits at the end of the week helps refresh the ego. ^ Don't underestimate...
I agree 100%.

to add my 2cents:
Beside withdrawing my profits weekly, I've also put a monthly goal for myself regarding ROI (Return On Investment). The number is not important ONLY a target. When I achieve it, I feel good. Also I will take a rest for the remaining days of the month. This helps me be fresh.

I hope it will help you too.
Regards,
Manage probability while following the TREND.
  • #8
  • Apr 16, 2013 3:01am Apr 16, 2013 3:01am
Quoting CindyXXXX
That was interesting... Happens to the best of them I hear .. For me like you said it's always been after my best trading, I've blown an account once and every now and then have a momentous fk up where I lose a chunk of profits or weeks of "work" in a day or a week... it hurts.. But being able to recognize when you're most vulnerable is the key to managing this demon. That, unfortunately can only happen after falling on your sword a few times. Also I find withdrawing all profits at the end of the week helps refresh the ego. ^ Don't underestimate...
Hello, I have a similar version of your concept, I start at X amount of $ and trade it to Y amount of $ and then I restart at X. It really does help a lot.
  • #9
  • Jun 12, 2025 6:01am Jun 12, 2025 6:01am
thanks, I can do this
  • #10
  • Last Post: Jun 12, 2025 1:30pm Jun 12, 2025 1:30pm
Quoting aiyahmarklah
Dear ------- (who will be trading tomorrow), The reason you are reading this letter is because yesterday you messed up your trading. You displayed emotional traits that you worked so hard to overcome during the last 10 years. I am writing this to you so that you can clean up before things spiral out of control. Yes, you know that feeling, the memory is still fresh in your mind. The mindless clicking of buy sell buttons, behaving like a mad man whose hopes are raised and dashed in a casino. You have done well for many years, I do not know what caused...
honestly man, this is way more useful to write such letters after your wins! after losing, the footprint are left in your brain and spirit
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