How to develop discipline to stop impulsive trading

 How many of you have impulsive trade? 

I define impulsive trading as over trading from Euphoria irrational exuberance and revenge trading out of a sense of anger to get something back. Both those fall under rubric of impulsive trading. so how do you conquer that? 

understandind the market structure...source: trade ats

There are many traders they come to trade , who knows how to trade and they get into it and get sucked down vortex. End up out of control unraveling and taking heavy losses. How do you go about working with this? 

Let's define impulsive trading in three different ways

A notion of work that's built around taking action, doing something, making things happen—like you turn on the screens and say, “Hey, let’s make something happen.” The first thing is that you’re already ready to chase trades. You’re not necessarily going to see good setups, but what you’ll see are chases that you get sucked into. Work is not about doing; trading is about patience and then ambush. It’s waiting for the setup to come to you patiently and then striking. Very different. In biology, there is a whole section about chase—it feels good. When you’re chasing, you’ve got testosterone and dopamine pulsing through, and it feels good to be in there, to be trading, to be doing something. Yet that very exuberance, that thrill, is dangerous because it takes you out of the mind that can measure risk well. On the other hand, let’s say you’ve put some good things together, had some winning trades, you’re on a streak, and suddenly you take a couple of losses. You get angry, you say, “I want it back, I want it back.” Suddenly the chemistry of anger shows up, and you’re no longer trading from a calm, rational mind—you’re trading anger. You want to punish, you want to get it back. That’s a primitive impulse that has to be managed. The psychology of impulse is pretty simple and straightforward. What you’re ultimately doing is measuring your worth as a measure of your performance. With overtrading, you’re going, “Wow, look at me, I feel it, I feel the euphoria, I can make things happen, it’s going to roll on forever.” Suddenly you’re trying to prove yourself, and when it comes crashing down, the proof of self is gone.

price action

 You’re no longer proving that you’re worthy or adequate—you’re proving that there’s something wrong with you, that you’re inadequate. That’s when everything kicks in, when you decide, “I’ve got to make it back.” If you’re overtrading with irrational exuberance, it turns into revenge trading, because losses trigger threat. The real key is how you manage threat when faced with something you cannot control with anger or perfectionism. Most traders feel inadequacy and powerlessness, and it feeds back on them until they’re in a loop falling down. This is why traders lose so much money, and very few learn to win. The real key is to come to a moment where you separate performance from your being. You are enough. A really great trader knows they are enough, and they’re no longer swayed to make themselves feel better by exuberance or anger. That’s how you win at trading. The mind has to be built—it won’t magically happen. You have to learn the process to calm down and manage emotions so they work for you rather than against you.