The Dollar Jar: Reinforcing Discipline Through Pain Association

One of  Tony Robbins' techniques is to associate pain with negative behavior to make lasting and immediate change.


Here's how I'm doing it with my trading:

Idea 1:  The Dollar Jar.  -- Every time I make a trade that deviates from my trading plan,  a dollar goes into a clear jar as tangible  reminder that I am throwing money away. .

Idea 2:  If idea No. 1 doesn't work, I will rip the dollar and throw it into the Jar.

Status:  I now have  $3.00 in the jar.  All chase trades.  While I made over $800 on these trades collectively (2 wins, 1 loss)  They will ultimately destroy me if I don't stop these types of trades.