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Began choices buying and selling round an 12 months in the past and made losses of round 5 lakhs up to now.
What often occurs with me is that after making a giant 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 large loss day comes and it wipes out the day prior to this positive factors and much more. 4 cycles of this sample have occurred up to now 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 can be deadly
The 4th cycle culminated in one other huge loss as we speak and fairly than feeling unhealthy about it, at this level I’m simply fearing a possible relapse just a few 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, strive looking out them and provides it a learn.
Quoting from a Huffington publish,
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 grow 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 publish on habit and the way the setting truly influences one’s behaviour.
Self-control doesn’t work in isolation, the setting too must be conducive.
And as at all times, when our self-control isn’t sturdy sufficient to beat our impulses, we would need to give attention to the setting. (i.e., alter the setting we dwell in).
Right here, the setting refers back to the circumstances, individuals, objects, and situations by which one is surrounded.
cross_guild11:
after making a giant loss there’s an intense sense of guilt and realisation at that second
In all probability this second of realization is the time throughout which one must take motion.
i.e., You must alter your setting such that it turns into unattainable for u to commerce once more.
U can start by closing/deactiving the FNO section in your account.
Limiting your entry to funds by transferring or giving management to your mother and father and so on.
Or something that may meet the aim.
The purpose is, if self-control will not be working, we have to one way or the other make it unattainable to commit the identical mistake once more, by constructing obstacles and surrounding ourselves with individuals who may information us.
One thing i learn on Self-Management & Environmental Results👇
Environmental results are necessary and infrequently neglected once we take into consideration our choices and behaviors. It’s because our reflection is finished in a chilly state when we aren’t tempted by senseless TV, cookies, or sleeping in for an additional hour. If we need to achieve success and develop methods and constructions that can truly encourage self-control and good decision-making, then we now have to foretell how we’ll really feel once we are in scorching states, and we now have to rearrange our surroundings in a approach that utterly prevents the alternatives we need to keep away from. Like Now we have to position the alarm away from the mattress, so we now have to really stand up when it goes off. Anticipating that our self-control will maintain is an effective solution to fail when temptation is throughout.
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Learn just a few books on choices, buying and selling normally, buying and selling psychology, and so on.Then create a scientific buying and selling plan by backtesting utilizing NSE historic knowledge.Keep on with the buying and selling plan, revenue 
No discretionary buying and selling = No playing 
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