Chapter_16_Flashcards
(26 cards)
What marks the turning point in Chapter 16?
Taking ownership and building a lifestyle that supports non-emotional trading.
What caused the emotional pain in trading?
Chasing trades, not the losses themselves.
Why is willpower unreliable in trading?
Because it’s brittle and based on effort, not structure.
What is the shift in mindset regarding charts?
Stop seeking certainty, start checking for alignment with your system.
How should you approach charts as a disciplined trader?
Like a scientist, not a gambler — observe and match patterns to rules.
What is the first step in a structured trading session?
Pre-session mindset check: Am I calm? Am I clear?
What should you do if no setups match your criteria?
Move on — don’t force trades or invent opportunities.
When should you execute a trade?
Only when the trigger condition is met, with no anticipation.
Why is post-session journaling important?
To record emotional states and evaluate alignment with the system.
What does lingering on charts after a session cause?
Mental fatigue and temptation to re-engage emotionally.
Why should you avoid ‘close enough’ setups?
Because they reawaken the gambling mindset and dilute your edge.
Why is chart-watching without reason harmful?
It creates emotional attachment and boredom-driven action.
Why avoid over-analyzing losing trades?
It trains fear of losses instead of acceptance.
Why should you never trade to fix your mood or account?
That’s addiction, not trading.
What’s the problem with external input mid-session?
It blurs your focus and leads to second-guessing.
What’s the purpose of starting a session with stillness?
To clear anticipation, fear, and ego.
Why review your edge before a session?
To reconnect with your true identity as a system executor.
What is real strength before a session?
Skipping the session if you’re not calm and clear.
What defines success in post-session reflection?
Following the system and staying patient and detached.
Why use a trading mantra?
To anchor your identity and behavior during live trading.
Why is structure more important than goals?
Because goals are emotional and structure is mechanical.
How does structure protect you?
It gives you pre-made answers on bad days.
Why isn’t structure meant to feel exciting?
Because emotional spikes indicate you’ve gone off track.
What does repetition of structure create?
A new identity as a disciplined, system-based trader.
