1. AVOIDING SELF SABOTAGE
IN TRADING
BY DAVID ONAOLAPO
DIRECTOR BLACKWELL
GLOBAL(NIGERIA)
3 January 2017

2. What is Self-Sabotage?
Self Sabotage is when you
subconsciously do things that prevent
you from succeeding .
You know what to do, but you simply do
not do it anyway.
Its literarily a fear of your own success
3 January 2017

3. Signs of a self-sabotaging in
Trading
If your answer to the following is YES…then you
are self-sabotaging
• You know you should develop a business plan
for your trading but you don’t anyway because
it seem to be too much of work.
• You know you need to test your system to see if
it really works but you don’t, you just trade it
anyway
3 January 2017

4. • You enter a trade immediately or soon after a
winner closes out and then realized you have
just jumped into the market without your edge
of strategy present.
• You ever consciously risk more than you
should on a trade, then regret it immediately it
goes against you.
• You know you should put a stop loss order in
on a trade but you don’t.
3 January 2017

5. • You feel unworthy after making hitting a
homerun because you have been taught that
hard work is required to make such money.
• You are always pulling back below after
increasing your account above a certain
round figure
• You know you should put a stop loss order in
on a trade but you don’t.
3 January 2017

6. REASONS WHY YOU SELF-
SABOTAGE IN TRADING
Conscious and Subconscious
Consciously you want to succeed as a trader but
your subconscious operates in a different manner
balancing what is true about you.
3 January 2017

7. Your subconscious is changing external
circumstances to match what it believed to be most
appropriate for you instead of what you desire.
Subconscious is at work whenever you do
something you know is not right in trading
3 January 2017

8. This is because your subconscious knows you still
have a thing or two to learn before you earn the
ight to become a profitable trader.
Therefore it keeps making sure your level of
success matches your true level of skill and
proficiency.
3 January 2017

9. Practical way to avoid self-
sabotage in trading
• Trading is a skilled occupation, develop the
right skills.(Until you acquire this, your
subconscious will continue to adjust you to the
level of an unskilled trader).
• Create a business plan like you do for any
business you intend to be successful in. if its
not worth the paper, its not worth venturing into.
3 January 2017

10. Find, buy or develop a good trading plan that
suits you.
Follow your trading plan to the letter
Do not deviate or go against your trade plan
Train yourself to be disciplined and controlled
Don’t get caught with the buzz of everything in
the market.
3 January 2017

11. Once you can do these, self sabotage will stop and
end naturally because you have removed its cause
DO IT BEFORE YOU SELF-DESTRUCT
3 January 2017