Tools and methods of psychological assistance of a trader – how to help yourself and your trade when it is difficult to cope with emotions.

In a previous article, we discussed techniques and fast, effective tools for the self-development of a trader. The same discussion will focus on the application of these tools in practice.


Let’s say that among our friends there is a trader who is struggling with the problem of impulsive trading. He has a general understanding of the trading plan, strategy and trading system. However, he constantly opens many transactions that do not meet his trading criteria. In material terms, this is quite expensive for him and causes significant damage to the deposit. How can such a trader help himself at least alleviate the problem?

To begin with, we recall that methods for quickly changing problematic behavioral patterns are effective only when these patterns appear situationally.

The first question that such a compulsive trader should answer himself is whether he is equally impulsive and undisciplined in other areas of his life, outside of trading, and whether he experiences negative consequences from this impulsivity as a whole.

If the answer is yes, this will serve as indirect evidence that impulsive trading is not just a situational problem. Instead of trying to solve the problem yourself, such a trader needs to find a professional to help him understand the problem more deeply. There may be several reasons for this problem. Including a possible problem with attention deficit or hyperreactivity. Perhaps this is the result of a mood disorder. In any case, a comprehensive and objective assessment is needed.

However, if this problem manifests itself only in trading, then the chances of success of self-help are much greater.


The next question that needs to be answered is: “ what is the problem that the trader is trying to solve with the help of impulsive trading ?” We said above that often people call problems what actually attempt to solve the problem. That is, we are not fighting the root problem, but, as it were, with its derivative.

In the case of compulsive trading, it may be an attempt to cope with a fear of missing an opportunity. Such a trader is internally afraid that the market will move without him, and he will miss the opportunity to make money. Unfortunately, this is just an appearance and such attempts to “jump into the market” result in a loss of money.

In this case, the problem is to determine the capabilities of the trader. In his opinion, there is a direct correlation between the movement of the market and its ability to earn. However, market movement alone is not at all an opportunity to make money. Rather, it is a great opportunity for loss if you violate your own rules and trade settings. Behind the impulsive trades of such a trader is a kind of message that says: “I must be able to anticipate market movements. I do not want to be mistaken. ”

One of the most real incentives for such a trade is the desire to avoid self-indulgence and self-accusation that he could make money, but missed the opportunity, could not correctly determine the direction of the market, was chicken and piqued. Impulsive trading, in fact, is a way to deal with this problem. Once we have correctly and accurately identified the problem, finding a solution becomes easier.

Based on the principles of positive psychology, we can recommend such a trader to carefully monitor his trading and determine the moments when he trades NOT impulsively.

That is, go the method of “the opposite.” Next, you need to ask yourself: what am I doing at these moments when I trade thoughtfully and calmly? Most likely the answer will be the application of conscious efforts, so as not to break into compulsive trading.

It is important for such a trader to understand that internal self-esteem is partly appropriate when it comes to behavioral frameworks. Without this, we would all turn into sociopaths. And rather, you need to blame yourself for not changing the line of behavior and approach to trading. Indeed, this is precisely the real opportunity to achieve changes in the results of the trade.

If the market started moving without your participation, then you always have the opportunity to open another deal, in another instrument, but with full compliance with your settings and parameters.

At the moment, his best opportunity is to do what he knows how to do best.


Before the start of the trading day, it is advisable to perform a mental rehearsal of the trade. This is akin to meditation, where you imagine the whole process of trading and focus on your skills and abilities. When you want to change your behavior, you can mentally imagine “yourself old” and “yourself new” and contrast one another. This internal dialogue about the “new” and “old” helps to consolidate the changes in their own consciousness.

Then, at the end of each trading day, you can fill out not a trading journal, in its usual version, but a special card on which a comparative analysis of the installation is carried out.

In some ways, changes are made easier for us, and in some things, this requires more complex and lengthy internal work. In this case, we can say that special changes, as it were, did not happen. It’s just that you started doing what you should and are able to, and stopped doing what you shouldn’t. By focusing on finding a solution rather than a problem, we turned our own guilt and obsession into additional opportunities. Although it may seem from the outside that you have become more disciplined, in fact, you just redefined your approach to using opportunities.


  1. Consider a problem situation not as an independent problem, but as your way of solving another problem. Ask yourself, what real problem am I trying to solve by thinking, acting, and feeling the way I do it?
  2. Find a starting point. Once you understand what your main fear or anxiety is, go back to your trading and identify cases where you have successfully dealt with this fear. The trade magazine that you keep will help you with this.
  3. Create your own behavioral template from those successful cases when you traded as well as possible. Remember as much as possible about all the circumstances surrounding your successful trading at that moment. Try to repeat the actions that led you to a positive result.
  4. Repeat these actions consciously until they become a mechanical habit for you. It’s not enough to just initiate the change. It is necessary to create a familiar pattern of behavior and mental attitudes.

I hope these tools help you become your own trainer or psychologist. If this succeeds, then you can continue to independently develop in yourself the abilities and qualities you need.

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