
Overcoming Different Types of Tilt in Trading
By Storybird

07 Nov, 2023

Jared Tendler, a renowned trading coach, had helped many traders overcome the various forms of tilt they struggled with. Tilt, in trading, is a state of emotional frustration that could lead to poor decision-making.

Tendler believed that understanding the nature of tilt was the first step to overcoming it. He identified four types of tilt: revenge tilt, fear tilt, greed tilt, and despair tilt.

Revenge tilt is when a trader, after suffering a loss, becomes obsessed with making up for it. This often leads to reckless decisions, as the trader is consumed by the desire for revenge.

Fear tilt, on the other hand, is when a trader is paralyzed by the fear of losing. They may hold on to losing positions for too long, or sell winning positions too early, out of fear.

Greed tilt occurs when a trader becomes overly ambitious, taking on risky trades in the pursuit of quick profits. This often leads to losses when the market doesn't behave as expected.

Lastly, despair tilt. This is when a trader loses hope after a series of losses, leading them to make desperate moves that usually result in further losses.

To overcome revenge tilt, Tendler suggested traders to develop a detailed trading plan and stick to it, regardless of the outcomes of individual trades.

He recommended using stop-loss orders to limit losses and take-profit orders to secure profits, helping to prevent emotionally driven decisions.

For fear tilt, Tendler advised traders to focus on the process, not the outcome. He emphasized the importance of learning from each trade, whether it resulted in a profit or a loss.

He suggested traders to set realistic expectations and to accept that losses are a normal part of trading. This would help them to trade without fear.

To overcome greed tilt, Tendler suggested traders to focus on long-term goals rather than short-term gains. He encouraged them to diversify their portfolios and avoid putting all their eggs in one basket.

He also recommended traders to use risk management techniques, such as position sizing, to limit their exposure to any single trade.

For despair tilt, Tendler advised traders to take a break from trading to clear their minds. He suggested them to seek support from mentors or fellow traders, and to work on improving their trading skills.

He also emphasized the importance of maintaining a positive mindset, even in the face of losses. He reminded traders that every loss is an opportunity to learn and improve.

Tendler also highlighted the importance of self-awareness in overcoming tilt. He encouraged traders to keep a trading journal to track their emotions and decision-making process.

By doing so, traders would be able to identify patterns in their behavior and make necessary adjustments to their trading strategy.

Another key point Tendler stressed was the importance of balance. He emphasized that traders should not let trading consume their entire lives.

He suggested traders to engage in other activities that they enjoy, such as sports or hobbies, to help them relax and recharge.

Tendler also encouraged traders to take care of their physical health, as it has a direct impact on their mental state. He recommended regular exercise, a balanced diet, and adequate sleep.

Lastly, Tendler emphasized that overcoming tilt is a process. It requires patience, perseverance, and a willingness to learn from mistakes.

He reminded traders that there are no shortcuts to success in trading. Just like any other profession, it requires hard work, discipline, and continuous learning.

Tendler's insights have proven invaluable to many traders. They have not only helped them overcome tilt, but also become more disciplined, confident, and successful in their trading careers.

As Tendler often says, "Trading is as much about mastering your emotions as it is about mastering the market." This is the essence of his approach to overcoming tilt.

Overcoming tilt is not about suppressing emotions, but about understanding and managing them. It's about learning to trade with a clear, calm mind, free from emotional interference.

And that, according to Tendler, is the key to success in trading. By mastering your emotions, you can make rational decisions, stick to your trading plan, and ultimately, achieve your trading goals.

So, the next time you find yourself tilting, remember Tendler's words. Take a step back, reflect on your emotions, and make a conscious effort to manage them.

And always remember, trading is a marathon, not a sprint. The road to success may be long and filled with obstacles, but with patience, discipline, and the right mindset, you can overcome them.

Tendler's insights have illuminated the path for many traders. His wisdom continues to guide those seeking success in the complex, challenging, and rewarding world of trading.

As you embark on your trading journey, keep Tendler's words in mind. Embrace the challenges, learn from your mistakes, and never stop striving for improvement. That's the true spirit of a successful trader.

Remember, the market will always be there. But it's your ability to master your emotions, overcome tilt, and stay disciplined that will determine your success in the long run.

Embrace the wisdom of Jared Tendler, master your emotions, and navigate the world of trading with confidence and serenity. Here's to your success in the markets, one trade at a time.