Here’s the thing:

Just because you have a proven trading system doesn’t mean you won’t have itchy fingers.

It's like having a gym membership. Sure, it looks great in your wallet, but that doesn't mean you'll actually use it instead of binge-watching Netflix with a bag of chips.

Because you might lack the discipline to follow your trading plan even though it’s good for you.

(Kind of like how you don’t eat enough vegetables even though you know it’s good for you.)

Think about it:

• You know you shouldn't revenge trade after a loss.
• You know you shouldn't move your stop loss.
• You know you shouldn't FOMO into that growth stock.

But when push comes to shove, your brain goes: "But this time is different!"

The solution?

Be accountable to someone. It could be your spouse, a friend, or someone you trust.

(Just make sure it's not someone worse at following rules than you are. Don't ask your drinking buddy to help you stay sober.)

Let them know that whenever you deviate from your trading plan, you’ll be penalised.

The penalty could be something like:

• $50 donation to your favourite charity (or worse... a charity you hate)
• Do 100 push-ups (because apparently, financial pain isn't enough, let's add physical pain!)
• No coffee for a week (for some of us, this is basically torture)

You want to make sure the pain of not following your trading system is greater than following it.

This way, your actions become consistent, and you get consistent results.

Cheers

Rayner "no-pain-no-gain" Teo

P.S. Can't find an accountability partner? You can send me $50 whenever you break your rules. Hehe.