I am posting from an entirely different perspective and rather than advocating yet another mind bending relaxation technique, I humbly suggest that someone needs to look at the fundamentals involved here. When there is an error is the basic function of a machine, no amount of oil is going to smoothe its running.
Looking at a few facts, rhysmr2 states that he was making around a grand a week; lets say an average £7 a race, 21 races a day, 7 days a week. The figure of £180 as a loss raises a huge red flag in this scenario about whether a 25-1 risk/reward ratio is a sustainable/profitable strategy. A few simple sums will show that this investment plan requires a tick success rate of over 96%. Unreasonable?. In my opinion it is.
When striking for a modest £7 per race profit, a loss of £180 (within the same money management parameters) is inconceivable whether it is a planned or unplanned loss. To lose over 100 ticks at this level would take a catastrophe, unless of course by some other error. Of course when we lose due to "unusual" circumstances (eg mad bomber) we may feel angry enough to smash a desk but as a planned loss it just doesn't make economic sense nor does it make any sense to blame the desk if it was a planned loss.
The worst mistake traders make is in the money management aspect of trading and indeed many people overlooked rhysmr2's own post.
Rather than trying to appease the obvious distress caused by a large loss, it may serve as better advice to reassess the fundamental money management, risk/reward and the operational viability of the basic trading system.rhysmr2 wrote:...The most annoying thing is I know what I'm doing wrong but I keep doing it! It starts when I use large stakes or double/triple up on my position, I can easily find myself with a massive stake over 1k at sometimes high odds 5/6 and when it goes against me my exit makes things worse, especially in a weak market!
So that leaves me with a large loss...
Its either that or smoke another joint and crack on
