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How to Become Emotionless

  • #101
  • Oct 11, 2016 3:11am Oct 11, 2016 3:11am
Quoting corrman
first step is awareness of the feelings by journaling them on awakening and increasing my sensitivity to them, not only regarding trading but other times also. Determining what the baseline of my emo is/was and why and how/why they get amplified, triggered, reduced, shifted, and especially, sublimated. They also trigger habitual behavior in me and caused me to act and convinced me I was correctly motivated even if I was not trading within the parameters of my trading plan, very tricky stuff. Essentially, I had to develop emotional intelligence,...
Thank you for the detailed response. I wish I had learned how to do all that from an early age.
You're right, emotional intelligence is something that is rarely taught to people deliberately and we would've all been in a better place if it was.
  • #102
  • Oct 11, 2016 4:34am Oct 11, 2016 4:34am
Emotions play important role in your outputs in any field and off course it will take some time to learn controlling your emotions. For example newscasters usually learn to stay calm and emotionless while delivering any sort of news. But when you will be able to do things out of emotions you can be very successful.
  • #103
  • Oct 12, 2016 3:28am Oct 12, 2016 3:28am
I don't know whether newscasts are a good example in this case, they are taught not to show emotion, rather than not to feel it.
  • #104
  • Oct 12, 2016 4:46am Oct 12, 2016 4:46am
Even it's hard, but take your time. It's pretty hard to be disciplined.
  • #105
  • Oct 20, 2016 3:27am Oct 20, 2016 3:27am
There's really no other choice on the matter - one either takes their time to learn discipline, or they suffer losses. There are no shortcuts to good forex trading.
  • #106
  • May 3, 2017 2:49am May 3, 2017 2:49am
I don’t think so, there is nobody who can control emotions completely , because it’s a common human nature , but by passing a long time in this volatile trading place we can manage it.
  • #107
  • Jul 11, 2017 6:19am Jul 11, 2017 6:19am
In order to me, here you have provided the list for being a well-disciplined Forex trader! Actually, emotionless is not possible! Even, I am not against of emotion! When you have good trading knowledge, then your emotions can help you!
  • #108
  • Jul 11, 2017 7:24am Jul 11, 2017 7:24am
We cannot be emotionless. We are all human beings. We can be disciplined, however. Mind over matter.
  • #109
  • Jul 12, 2017 2:57pm Jul 12, 2017 2:57pm
Quoting Madinvestor
We cannot be emotionless. We are all human beings. We can be disciplined, however. Mind over matter.
Yes we know there is nobody who can be emotionless, but by proper trading discipline we the traders control our emotions when trading practically.
  • #110
  • Jul 13, 2017 6:30am Jul 13, 2017 6:30am
I think the bigger question is how exactly to achieve that discipline. It requires a lot of research and personal soul-searching to get there.
  • #111
  • Jul 13, 2017 7:08am Jul 13, 2017 7:08am
Quoting mlawson71
I think the bigger question is how exactly to achieve that discipline. It requires a lot of research and personal soul-searching to get there.
Discipline takes practice. It's like with anything; the more you do it the easier it becomes over time. Think starting a new diet or workout routine.
  • #112
  • Jul 13, 2017 2:54pm Jul 13, 2017 2:54pm
Keeping trading discipline is not a easy task , yes lots of practice we need and we can take demo account for that. I use all my trading strategies first of all in demo and trading with high leverage to see the performance how it works. it teaches me how to avoid risk in live and also supportive to be a well disciplined.
  • #113
  • Jul 13, 2017 4:56pm Jul 13, 2017 4:56pm
We can be emotions less by cooling mind, please don’t be excited when your trade going profit and never close your order after some negative movements. Keep patience and never try to take revenge at all. It could be dangerous.
  • #114
  • Jul 14, 2017 1:51am Jul 14, 2017 1:51am
Try counting backwards 5, 4, 3, 2, 1. I saw this idea from Mel Robbins as a tool for motivation, but I discovered it also helps me distinguish bad thoughts.

"The Rule is a proven, form of metacognition. When you use it, you shift mental gears, interrupt your habit of overthinking and awaken your pre-frontal cortex – making change easy. The rule acts as a “starting ritual” that breaks bad habits and triggers positive new behavior change."

This is a informational link to her site to avoid any copyright issues by talking about it. I am not employed by them nor have I bought anything. I only used the idea and liked how it helped clear the garbage thoughts and focus better.
https://melrobbins.com/five-elements-5-second-rule/

In addition, try to notice your breathing rate. Every now and then take a deep breath if you notice you are tense or anxious. Try counting down afterward? Good Luck.
You cannot be extraordinary by being normal
  • #115
  • Jul 14, 2017 5:00am Jul 14, 2017 5:00am
Quoting Madinvestor
{quote} Discipline takes practice. It's like with anything; the more you do it the easier it becomes over time. Think starting a new diet or workout routine.
Good point. That applies to everything about forex, not just how one handles their emotions during trading.
  • #116
  • Jul 16, 2017 8:56pm Jul 16, 2017 8:56pm
Quoting Craig
Automate your stratergy, EA's have no emotions.
emotions will kick in once they start to stop working.
  • #117
  • Jul 17, 2017 6:10am Jul 17, 2017 6:10am
The problem with EAs is that they also can't predict human emotions and how the market will develop because of the emotions of the traders who shape it.
  • #118
  • Jul 17, 2017 9:21am Jul 17, 2017 9:21am
Quoting LuKa12
{quote} emotions will kick in once they start to stop working.
true, also the emotions are the only thing that keeps humans successful and a EA not.
  • #119
  • Jul 18, 2017 5:12am Jul 18, 2017 5:12am
Quoting nullx8
{quote} true, also the emotions are the only thing that keeps humans successful and a EA not.
Personally, I think that people succeed in forex despite their emotions, rather than because of them.
  • #120
  • Jul 21, 2017 6:15am Jul 21, 2017 6:15am
Really, meditation is a good suggestion! It helps Forex trader to trade with proper concentration. By the way, I seem becoming emotionless is not possible since it’s our nature! But, we can control our emotion! In addition, in my trading I try to use my emotion positively and I don’t try to kill my emotions.
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