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Glossary

Tilt

Tilt is a state of emotional frustration in which a trader's decisions become reactive and drift away from their plan; the word comes from poker.

On tilt, a bad outcome, an unfair-feeling loss or a run of them turns into agitation, and the agitation starts making decisions. Position size grows, rules are bent, trades are taken to change how you feel instead of to execute a setup.

Tilt is not confined to losing. Overconfidence after a win streak can produce the same loosening of discipline, which is why sizing up after wins is worth checking in a record as carefully as chasing after losses.

The useful skill is early detection. Most traders have personal signs: a faster pace, bigger clicks, skipped checklist steps, an urge to justify a trade rather than evaluate it. Writing down your own list when calm lets you recognise the state while you are in it.

Once recognised, the response should be a decision you made in advance and can carry out without thinking: stop trading for the session, cut size to the minimum, or walk away for a fixed time. Trying to reason your way back to composure while still exposed to the market rarely works.

Naming the feeling in a single word has a small cost and gives the review something to work with afterwards.

In Trader Reflect

Naming the feeling

Reflect asks for one word from a fixed list of ten emotions and shows how your results in R move with each word in your own record.

See what is inside

Related terms

All glossary terms

Trader Reflect reads your Money Circle journal and names the habit costing you most. Open it from your Journal or see what membership includes.

Educational content, not financial advice. Trading involves risk of loss.