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Help! Finding emotional aspects of trading very hard!

  • #21
  • Nov 22, 2010 5:31am Nov 22, 2010 5:31am
Quoting Craig
Most stress in trading arises from not really knowing what you're doing, one tends to connect hyper-inflated emotions to what are essentially random outcomes. Winners are seen as vindication for your intellect, any lack of process of preparation gets conveniently forgotten at this point, then the next loser deflates that balloon very quickly. The answer for me is be prepared, all the testing and research is done before the first trade is placed, then it's just monitor and review. Shit didn't work, why not? can it be fixed? repeat, that's it...I'm...
If this was facebook I could just like this comment, but I'll have to settle for this little guy--> .

Trading is just a game--you need to become a good player and it takes time. Make no mistake though, it's an intellectual, mathematical game. You can walk into trading after a brain injury that has left you deviod of any emotion whatsoever and you'll still lose. You need an edge that puts the odds in your favor no matter how often you plan on trading.
  • #22
  • Nov 22, 2010 6:00am Nov 22, 2010 6:00am
Quoting rlforex
i've certainly realised that very short term trades or scalping definitely not for me
Don't trade against your personality, even if it means not trading at all. This goes for your comments on timeframe and your emotions.

I think you mentoined about taking a break if you're strung out. That may work in the shorterm, but the stress is a symptom of an underlying problem.

The trick isn't to be emotionless, it's to be able to keep everything within a reasonable perspective. This means not flipping on a losing trade, but also feeling good about a strong trade. It's generally healthy to gain satisfaction from our work (and not just in terms of money); so enjoy the good, become comfortable with the bad.
  • #23
  • Nov 22, 2010 6:23am Nov 22, 2010 6:23am
Quoting Mr J
Don't trade against your personality, even if it means not trading at all. This goes for your comments on timeframe and your emotions.

I think you mentoined about taking a break if you're strung out. That may work in the shorterm, but the stress is a symptom of an underlying problem.

The trick isn't to be emotionless, it's to be able to keep everything within a reasonable perspective. This means not flipping on a losing trade, but also feeling good about a strong trade. It's generally healthy to gain satisfaction from our work (and not just...
Hi Mr J
I agree its impossible to be emotionalless about wins and gains as long as you are a human being and not a robot trading. I changed my strategy today, i just did one trade so far this morning obviously setting wider tp and sl than i would if it was doing the in and out a few times in an hour trades, set the trade, went out for a couple of hours to do some errands, came back and my stop loss had been hit so felt a bit dissapointed but normally i would have felt that dissapointment about 10 to 15 times already today each time i had a loss, it was actually a relief just to have felt that once today, so i'm focusing more on whats best emtionally for me, rather than get greedy about how many pips i can catch as i thought short term trades would mean more pips! longer term trades and switching of my termial until i need to check on it on might be the best option for me, will give it a try for a few weeks anyway! thanks for your advice, cheers Rlforex
  • #24
  • Last Post: Jun 2, 2014 11:13pm Jun 2, 2014 11:13pm
Quoting Scotty B
{quote} If this was facebook I could just like this comment, but I'll have to settle for this little guy--> . Trading is just a game--you need to become a good player and it takes time. Make no mistake though, it's an intellectual, mathematical game. You can walk into trading after a brain injury that has left you deviod of any emotion whatsoever and you'll still lose. You need an edge that puts the odds in your favor no matter how often you plan on trading.

I guess some people get a kick out of making things look difficult. It took me two years, and thousands of screen hours (literally living on my laptop), testing, watching, doubting, hoping... that eventually I'd become technically advanced enough to turn my trading around. For me, the big surprise came when I discovered the truth of the old adagio 'less is more'. Gone now are all the complicated indicators and systems. Just for fun, put a 5 smoothed moving average on a daily or four hour chart and see how many good signals this produces when you'd open trades at the opening of a new candle, after price breaks the MA. Of course, there are (and always will be) 'false signals', if only because of the fact that forex is a 'controlled' (read, 'manipulated') environment, but I've tested this many times by the use of a simple EA and worst case scenarios are that it either makes some profit, some losses or breaks about even (remarkable, when you consider the EA taking ALL signals, without any discretion whatsoever!).


This 'lesson' (at least, to me) turns up in all area's of life and I realize, after many years, that 'big money' wants you to think life is hard and dangerous ('scare tactics'), in order for you to depend on 'them' for help and assistance. Look for 'self empowerment', that's the best advice I can give anyone. A wise man once said: 'You are the world'. Set it your goal to discover how true this really is.


Cheers
95% of the people don't believe 100% they can win, that's why they lose
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