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How to Become Emotionless

  • #341
  • Sep 21, 2019 5:09pm Sep 21, 2019 5:09pm
Quoting martin15
Imbibe discipline in your day to day activities,it will help you to remain disciplined when you trade also. And when you are disciplined you will be able to control your emotions and meditation can help you achieve all that.. You can even use a trading plan and stick to it to avoid emotions when you trade.
I disagree. You cannot control your emotions and meditation is not about controlling. But rather see them as they are head on and meet what ever emotion you have.
There is a big difference in trying to control your emotions vs observe your emotions and choose not to act on them.

When dealing with uncertainties like trading. Trying to feel great when you had 15 loses in a row (happens to anyone) is obviously not a good strategy, as your mind is telling you things are going bad! and you should, but that doesn't mean you shouldn't continue trading your system as it's inside the scope of probabilities.
  • #342
  • Sep 25, 2019 9:24am Sep 25, 2019 9:24am
Quoting scherzi
Also one important factor is your environment. Specially what happens around you, tour offoce, your family during.your trading sessions. That mat affect your emotional state and control a lot.
Initially it affects; but when you do mediation in a regular basis; then you’ll have the idea of controlling yourself!
  • #343
  • Sep 25, 2019 10:00am Sep 25, 2019 10:00am
Quoting GeorgeBaile
{quote} Initially it affects; but when you do mediation in a regular basis; then you’ll have the idea of controlling yourself!
You might argue that the most rational decisions you make, would be to include your emotions and feelings in the process.
Another simple step is to ask yourself. "If I make this decision, how would I feel afterwards?" by that simple question, you've laid out the emotional landscape of what is possible in the future. It also opens up for the emotions you have already.
  • #344
  • Sep 25, 2019 11:24am Sep 25, 2019 11:24am
Quoting Grabowski
{quote} You might argue that the most rational decisions you make, would be to include your emotions and feelings in the process. Another simple step is to ask yourself. "If I make this decision, how would I feel afterwards?" by that simple question, you've laid out the emotional landscape of what is possible in the future. It also opens up for the emotions you have already.
That is actually pretty great advice! Thank you!

One has to know themselves very well before they begin trading.
  • #345
  • Sep 25, 2019 8:09pm Sep 25, 2019 8:09pm
Quoting mlawson71
{quote} That is actually pretty great advice! Thank you! One has to know themselves very well before they begin trading.
As a retail trader, yes. Most of the institutions have many checkpoint before actual trades take place, so they are sort of detached from most the process. From my understanding
  • #346
  • Sep 25, 2019 10:03pm Sep 25, 2019 10:03pm
Being 100% emotionless is not possible for person. We are humans not robots so we are going to have some expression and feelings with hearts.
  • #347
  • Sep 26, 2019 2:24am Sep 26, 2019 2:24am
Quoting Butterscotch
Being 100% emotionless is not possible for person. We are humans not robots so we are going to have some expression and feelings with hearts.
I agree with you, it is so unrealistic to be 100% emotionless. I am sure most of us has experienced the 5 stages of grief (denial, anger, bargaining, depression, acceptance).

  • #348
  • Sep 27, 2019 10:33am Sep 27, 2019 10:33am
Quoting Butterscotch
Being 100% emotionless is not possible for person. We are humans not robots so we are going to have some expression and feelings with hearts.
True. That is just part of human nature and it's unhealthy to suppress it.
  • #349
  • Sep 28, 2019 8:55am Sep 28, 2019 8:55am
Quoting aleks22
{quote} I agree with you, it is so unrealistic to be 100% emotionless. I am sure most of us has experienced the 5 stages of grief (denial, anger, bargaining, depression, acceptance).
Exactly; but can work on the bad emotions and convert it on the positive emotions by practice!
  • #350
  • Sep 28, 2019 11:27am Sep 28, 2019 11:27am
Are the five stages of grief mentioned in relation to losing money to trading?
  • #351
  • Mar 25, 2020 8:10am Mar 25, 2020 8:10am
Quoting mlawson71
Are the five stages of grief mentioned in relation to losing money to trading?
What are the Five stages of grief ?
  • #352
  • Mar 26, 2020 6:22am Mar 26, 2020 6:22am
Quoting mlawson71
{quote} That is actually pretty great advice! Thank you! One has to know themselves very well before they begin trading.
And the best way to know yourself is meditating only. I do believe meditation is an effective way to control your emotions and stay calm.
  • #353
  • Mar 26, 2020 9:54am Mar 26, 2020 9:54am
What time of day do you meditate and for how long, Tim12?
  • #354
  • Mar 26, 2020 10:27am Mar 26, 2020 10:27am
These are some things I practice:

1) When a large loss is taken, don't immediately get into another trade. A rebound trade is no different than a rebound relationship: they seldom work out because you most likely got into it for the wrong reasons.
2) Don't revenge trade. You take a loss and feel like you have to show the market you CAN make a profit. Too emotional to trade like that.
3) Don't set arbitrary limits and goals, like "I want to have ten winning trades in a row" or "I want to make 100% profit by the end of the month". Puts too much pressure on you and your focus shifts to meeting goals rather than finding good trades.
4) If you make a few good trades in a row, DO NOT think you are invincible. To keep your record going, you are apt to not get out of a losing trade but continue to hold it until it becomes profitable (hopefully), because "you CAN'T be wrong!".
5) If it is a high confidence trade you are getting into, put some money into it and not just pennies.
6) Get good at predicting direction. When you can do that, then the amount of money you make depends solely on what you put into each trade, because the market will do what it is going to do if you have $5 in the trade or $5000.
7) Use a method you have confidence in. If the first thing you say when you enter a trade is " I HOPE...", you don't really have confidence in your method, and that is very stressful.
8) Just remember that losing money is just part of trading. The key is to minimize the losses and maximize the profits. If the trade isn't doing what you expected, get out, cut your losses and find another trade.
9) Take some money out of your account periodically when you make it and buy something. There is nothing like the tangible fruit of your labor to build confidence in your abilities, and that is what you need to help keep your emotions in check.
  • #355
  • Mar 26, 2020 12:41pm Mar 26, 2020 12:41pm
becoming emotionless is impossible
  • #356
  • Mar 27, 2020 12:59am Mar 27, 2020 12:59am
Quoting Qu|cksilver
How to Become Emotionless Becoming emotionless can be a very useful tactic to deal with problems that might be better handled with less heart and more brain. The following is a list of steps to take in order to remove the heart from the situation, and start using your head. Steps Meditate. This is one of the better tools to become emotionless. There several are different types of meditation, including Vipassana and Huna, that you can investigate to see which one is right for you. Even the most...
It's impossible to become emotionless since we are humans. Anyway, your tips are great though.
But unless we see this game on different level about how leverage affects us we won't be able to survive.
  • #357
  • Mar 27, 2020 5:48am Mar 27, 2020 5:48am
Quoting tim12
{quote} And the best way to know yourself is meditating only. I do believe meditation is an effective way to control your emotions and stay calm.
Does that really help ? I'm going to try that too...sometimes i cant stop thinking about my trades.
  • #358
  • Mar 28, 2020 11:18am Mar 28, 2020 11:18am
Me neither. That was my problem for the longest time.
  • #359
  • Mar 29, 2020 2:21pm Mar 29, 2020 2:21pm
there is no standard, just common mind setting and condition and lots of experience, most traders find their way around emotions with time.
  • #360
  • Mar 30, 2020 12:10am Mar 30, 2020 12:10am
Quoting moneymaker2
These are some things I practice: 1) When a large loss is taken, don't immediately get into another trade. A rebound trade is no different than a rebound relationship: they seldom work out because you most likely got into it for the wrong reasons. 2) Don't revenge trade. You take a loss and feel like you have to show the market you CAN make a profit. Too emotional to trade like that. 3) Don't set arbitrary limits and goals, like "I want to have ten winning trades in a row" or "I want to make 100% profit by the end of the month". Puts too much pressure...
Hey, this is really good list. I hope everyone take a time to read this.
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