Mental block looking at my balance

Hi guys

I have a problem that I decided to share and get your opinion maybe this will solve it for me

whenever I trade and for example, I have a $1000 balance then I make it to $1012 I feel like OCD is hitting me saying that since this number is not round you are going to lose it now :sweat_smile:

And I do

in the next trade it’s gonna go to for example 997 :rofl:

Honestly, this mindset is killing me and is keeping me stuck in one place of no matter how much I trade I am gonna end up breakeven or a little less than 1000 or any other round number :rofl:

This might sound very weird but when my balance passes a round number I remember all the misfortunes and financial problems I had in my childhood and a feeling like do you deserve it? can you pass it? and the like self talk

One option I found earlier was to set a target and when I reached it I would take out the gains and leave my account balance the same round number so my mind would be off of it

but trying to build a statement I need to keep working without taking out the gains

Do you have any suggestions about this and how I can deal with this round balance number OCD?

I appreciate any help and suggestion you provide

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You are a gem , channel your OCD in a positive way

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This is why I hide my trading balance from my trading chart; it makes me fear or overoptimistic during my Forex trading! You can also follow this path!

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You are finally driving yourself mad! :crazy_face:

Take a break, you are over thinking. :upside_down_face:

Relax and good luck :+1:

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The market doesn’t know what your balance is. It will keep moving whatever your balance is and whether you check on it or not.

Maybe you need to keep a longer-term perspective on your performance - try checking the realised profits and losses at the end of the week. During the week, just focus on running each individual trade perfectly according to your plan / strategy. But preferably re-assess your financial progress only monthly and annually.

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@tommor - Stop it - you are encouraging this madness! :joy: :joy: :rofl:

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Just trade and record in percentages.

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We all got quirks within the spectrum some to a higher degree yours might be lack of empathy lol

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Focus on the pips in stead of the money. Get a positive pip ratio and you are doing well.

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@greenscorpio thank you :pleading_face: :revolving_hearts:

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@waltoncharles I will give it a try :v:t2: :grinning: but I think in the long run its better for me to get used to movements in my account balance and be ok with it

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@Johnny1974 LOL
Glad you know how far I’ve come :rofl: :rofl:
Since that thread I have seen progress in my journey and every time I share my thoughts in here I can see it’s a step forward cause you guys are experienced and knowledgeable and have helped me :pleading_face:
yes I have already taken a break from live trading and am working on my strategy
Good luck to you too :grinning_face_with_smiling_eyes: :revolving_hearts:

@tommor thank you so much for making it so much clearer for me :pleading_face: :revolving_hearts: you may not know it but you have been of great help to me in my journey :revolving_hearts:

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@Johnny1974 :rofl: :rofl: :rofl:

@steve369 ok I will try to get used to this strategy I think It’s gonna help :star_struck:

@greenscorpio :joy: :heart:

@SMIfx I will find a way for it :grinning: thank you so much :revolving_hearts:

Wow, it’s kinda interesting thinking. I have never faced such a fascinating approach to trading, but of course it seems to me quite disastrous for you as for the trader.

Hence, you have to try to abstract from the digits on your balance. It’s a good practice for those ones who always strive for perfection, you should understand that you aren’t able to make from 1000$, 2000$ right now. It requires bunch of time, experience and skills. As you have described, you either lose the money or gradually earn it. Of, the preferable option is the second one, just try to abstract from these digits.

When I trade forex, my trading balance makes me nervous and impulsive, so I hide it from my trading chart. This is another route you might follow!

It’s really a common issue & this is why I don’t allow the balance bar on my live trading account since it destroys my concentration!

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