[The Trap of Moral Licensing] The more days I could follow the pattern, the more I allow myself to violate FX rules with "just one reward" and enter outside the rules.
Follow the rules and settle as decided. On such a pleasant day, have you ever thought like this?
“I did it properly today, so maybe I can enter freely once.”
This small reward may actually be one of the least noticeable ways the market can slip in FX.
People tend to loosen up right after doing something good
In psychology, after taking the correct action, people feel “I’ve done enough,” and tend to be lenient with themselves in the next action, a phenomenon called moral licensing. It’s the same pattern as eating more than usual on the night you went to the gym.
The same thing happens in trading. For example, right after you exit at the expected profit, even if conditions aren’t ready, you might enter again saying “Today is going well.” Trust in the self that kept you within the rules can turn into a license to break them.
What’s scary isn’t that your will is weakbut that the more seriously you follow the rulesthe more likely you are to fall into it. The greater the payoff from your effort, the more you want to reward yourself.
A model of investment skills sharing with no room for rewards
Investment Skills Share is a course that teaches an eight-year-discovered discretionary FX method in the form of entry, exit, and stop-loss patterns. It doesn’t require watching the charts all the time; you review at fixed times only.
The review times are fixed, and the entry conditions and exit points are predetermined, so the moments to chase the “one more time” while still in the afterglow of a good day are hard to come by.
Using the rules of this method, the profit-and-loss trajectory from an initial margin of 1,000,000 yen is shown (two cases, 25x leverage and 1,000x leverage).
What matters most is to include the ending of a good day within the routine. When the review time ends, close the screen. That alone makes the entrance to the reward entry considerably narrower.
Give the reward outside the market
Still, there will be days when you loosen up. In the purchaser-only chat room and one-on-one online coaching, you can easily discuss such small changes in yourself. Since there is a full manual of the method, there is a clear place to return to when you’re unsure.
As a bonus, you get unlimited access to all sign tools and indicators in one account each. On days when you’ve done it according to the model, enjoy the reward not in the market but at a time you like.
Summary of this article
- A sense of achievement from following the rules can be used as an excuse for a subsequent out-of-rule entry
- More serious people tend to want to reward themselves with “one time”
- If the review time and exit are fixed, there’s little time to chase the afterglow
- Rewards are best received outside trading
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- Teach all patterns for entry, exit, and stop-loss
- No chart monitoring required. Review only in specific time windows
- Comprehensive one-on-one guidance via purchaser-only chat room and online calls
- Full manual of the method included
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