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How to Become Emotionless

  • #301
  • Apr 26, 2019 11:34am Apr 26, 2019 11:34am
Quoting scherzi
{quote} Traders losing behave as if they were addicts and lose every time more until they loss everything. It is a traumatic reaction caused by fear to lose. They think they may recover. They are wrong.
Trading with an ordinary trading skill brings the loss. Only pro trading skill provides the consistent result.
  • #302
  • Apr 29, 2019 3:13pm Apr 29, 2019 3:13pm
Use daily chat. Set a SL and TP and don’t look at it anymore. Trading like a machine
  • #303
  • Apr 30, 2019 2:37am Apr 30, 2019 2:37am
Quoting JayPeBe
Use daily chat. Set a SL and TP and don’t look at it anymore. Trading like a machine
i so agree! best way to trade!
  • #304
  • Apr 30, 2019 5:31am Apr 30, 2019 5:31am
Quoting JayPeBe
Use daily chat. Set a SL and TP and don’t look at it anymore. Trading like a machine
It’s good habit; I mean no interruption on SL and TP; we should open a new trader after understanding the status of market trend.
  • #305
  • Jul 14, 2019 12:11pm Jul 14, 2019 12:11pm
Quoting JayPeBe
Use daily chat. Set a SL and TP and don’t look at it anymore. Trading like a machine
Is that your trading approach too?
  • #306
  • Jul 14, 2019 7:59pm Jul 14, 2019 7:59pm
Quoting JayPeBe
Use daily chat. Set a SL and TP and don’t look at it anymore. Trading like a machine
Yer thats one way of going about it or you might also just get your strategy coded into an EA and the whole trading process automated to avoid any human bias that may be incurred by emotions
Quantitative Algorithmic King
Angel MichealBot (Old v1) All Time Return: 2,489.8%
  • #307
  • Jul 15, 2019 8:07am Jul 15, 2019 8:07am
Meditation is great, but so is doing exercise before you trade. It puts you in a much more "alpha" state of mind.

I also recommend deep breathing exercises as a form of meditation. I use the Wim Hof method. Clears my mind right up.
  • #308
  • Jul 16, 2019 12:52pm Jul 16, 2019 12:52pm
I have never actually tried that. Thank you for the advice, I will give it a try now.
  • #309
  • Jul 18, 2019 12:06pm Jul 18, 2019 12:06pm
First, you will need to distance yourself from people you feel close to or have known for a long time.
Then, you have to build up walls. A nihilistic point of view really helps here. Prepare yourself mentally and be sure to be able to shrug off any, ANY, insults, threats, (anything that would alarm a normal person) put towards you.
Next, you must strengthen your wall. Start telling yourself that you are worthless, pathetic and useless. Basically anything negative. (IMPORTANT: if you have not mentally prepared yourself enough, this will probably lead to depression instead of lack of emotion)
If you feel offended, take it as a chance to strengthen your walls by reminding yourself that you don't matter.
  • #310
  • Jul 18, 2019 12:30pm Jul 18, 2019 12:30pm
You don't become emotionless lol, we are all human and having emotions is TOTALLY normal
Focus more on what happens or what actions you take after the emotions trigger. Learn to Observe yourself.
  • #311
  • Jul 18, 2019 12:31pm Jul 18, 2019 12:31pm
Quoting TradeMinim
You don't become emotionless lol, we are all human and having emotions is TOTALLY normal Focus more on what happens or what actions you take after the emotions trigger. Learn to Observe yourself.
My thoughts exactly. Being emotionless is not healthy - learning to deal with your emotions is preferable.
  • #312
  • Jul 19, 2019 7:58am Jul 19, 2019 7:58am
Maybe you do not have to be emotionless, but you need to be professional.
When you start trading you do not have a chance of being professional, so it may seem (and be) easier to be emotionless to start with.
For sure, you do not want to be controlled by your feelings when trading.
  • #313
  • Jul 19, 2019 1:20pm Jul 19, 2019 1:20pm
In other words, be an adult about it, and don't pitch a fit or a tantrum when you lose - it just won't help you.
  • #314
  • Jul 20, 2019 6:42am Jul 20, 2019 6:42am
My ideas is that I think you are spending a lot of time looking at the P/L section. You can look at the trade in this other way. If you have opened the trade with a plan and with an SL and TP, just wait to see if the idea under the trade was correct or not. Maybe lower the position until you feel comfortable with the trade’s size and until you believe in your system. You should probably take a break from the forex market for week and clear your mind, do something you like and stop thinking about forex. Then come to the game fresh. Then you will have a clear mind and motivated to make good profits in this system.
  • #315
  • Jul 20, 2019 6:48am Jul 20, 2019 6:48am
Knowing how to control emotions while trading can prove to be the difference between success and failure. Trade the higher time frames. Execute your trade then walk away. This includes stop loss and profit targets. I recommend the 1H time frame and above. On these time frames, it will take at least one hour for the paint for one candle to dry. Trading is a difficult skill to master, it can take a lot of time and requires practice. This is also a journey of self discovery. You might just have to accept that you are learning things about yourself and your trading and it is going to take time to iron out any self defeating habits.
  • #316
  • Jul 20, 2019 6:56am Jul 20, 2019 6:56am
It sounds like you dont have a plan that you believe in with clear entry and exit criteria.
ick one set up and only trade that set up. Master it before moving on to the next one or do the opposite if the failure rate is so high. The point is, pick one set up that you can execute consistently. From here, your approach will evolve.
Try and codify your plan. Create a set of simple rules for entry, exit and money management. Try to be as precise as you can when creating your rules. Remove any ambiguity. read your rules often and before you start any trading session.
You are too outcome dependent. Detach yourself from the outcome. Easier said than done but if you start with the above suggestions, then over time, you will start to have faith in your approach. Reducing your lot size might help.
  • #317
  • Jul 20, 2019 7:11am Jul 20, 2019 7:11am
One thing I learned a lot of some years ago, was looking in Daily charts only for a full month.

It is easier to manage feelings when things moves slow and you get a lot better of picking direction of the day
  • #318
  • Jul 20, 2019 12:16pm Jul 20, 2019 12:16pm
I am not sure what you mean. You looked at daily charts once a month?
  • #319
  • Jul 21, 2019 11:07am Jul 21, 2019 11:07am
yes, I looked at daily charts for a month, rather than M30, M15 or even M5. May sound stupid but it helped me a lot to get away from lower timeframes.
  • #320
  • Jul 24, 2019 8:59am Jul 24, 2019 8:59am
trade 1H and UP charts. it's more of a out of sight, out of mind kind of approach.
Monkey See, Monkey Do
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