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How to Become Emotionless

  • #41
  • Jul 21, 2016 12:12pm Jul 21, 2016 12:12pm
I don't think one needs to be emotionless to be a good trader. Accepting and managing emotions is what one needs.
Just learn to react to all your emotions.

You cannot get rid of fear, anger, greed or any emotion. This is what makes you a living being!

Learn to react. Know what you are getting into!

When you are opening a trade, there are two possibilities : Profit or loss

You decide the reason to get into a trade. You decide when to get out. You decide how much profit or loss you are going to take. Knowing this helped me to manage my fears.

Do not open the trade unless your systems tell you to.. Also no more than certain number of trades. This helped me to manage my greed.
  • #42
  • Jul 24, 2016 1:04pm Jul 24, 2016 1:04pm
u cannot have no emotion when u are hiting the rank board every other week and every other month. You cannot have no emition when you are chasing the top 3 US growth for the year. You cannot have no emotion when every position call is fully studied but expect to fall completely. And you cannot have no emotion making the impossible happening and looking to maintain the momentum consistently on and on. When you are here, you know what your emotions are and what good and bad it would do to you.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #43
  • Jul 24, 2016 2:19pm Jul 24, 2016 2:19pm
I do not want to be emotionless, I am human not robot nor zombie.
the gambler
the devils apprentice Return Today: na
  • #44
  • Aug 2, 2016 6:16am Aug 2, 2016 6:16am
Not sure if we need any specific dose for becoming that emotionless however i think we need to learn the psychology of forex trading which can be learn't easily.
  • #45
  • Aug 2, 2016 7:07am Aug 2, 2016 7:07am
Very Difficult of being emotionless since we're civilized animal on the earth. No emotion= Normal animal like Dog.
But we're humans. But Zero emotion in trading or investment? Yeah then better not to see price frequently and avoid sitting in front of trading terminal. be sure you've enough margin and you don't need that in hurry or in bad times.
Never Gamble Forex
  • #46
  • Aug 2, 2016 7:40am Aug 2, 2016 7:40am
take a knife, a gun or something like that and than i think you know what you have to do

seriously: have a plan!
(.)(.) think first ...
  • #47
  • Aug 2, 2016 11:31am Aug 2, 2016 11:31am
You don't need to be emotionless, you need to be able to control your emotions.

Thoughts make your emotions and you are beyond your thoughts, it means you control your thoughts, therefore your emotions.
  • #48
  • Aug 2, 2016 12:31pm Aug 2, 2016 12:31pm
With duct tape. Hide that effing pip and money counter! That said, I'm very short term on the 1m chart, don't know if it's a good idea for other traders.
  • #49
  • Aug 3, 2016 4:01am Aug 3, 2016 4:01am
Quoting JensG
With duct tape. Hide that effing pip and money counter! That said, I'm very short term on the 1m chart, don't know if it's a good idea for other traders.
That's one way, I suppose. But one still knows it's there, so I don't know how effective that approach would be.
  • #50
  • Aug 3, 2016 11:16am Aug 3, 2016 11:16am
Quoting mlawson71
{quote} That's one way, I suppose. But one still knows it's there, so I don't know how effective that approach would be.
It's easy and cheap to try. Works well for me. It is in the end forcing me to look on the chart and that is what I'm supposed to look at (IMHO). The win/loss will never tell you if a trade still makes sense, the chart on the other hand is designed to do exactly that.

It sounds a bit funny/weird at first, I agree. But if you think about it: all these trading applications are "one size fits all" solutions and from a usability or call it task focused (I'm really missing a better word for it at the moment) point of view I can guarantee you that less is more. Hiding things you won't need is the cheapest logical consequence out of that.

I once told someone I trade like an engineer. That means I isolate and analyze problems so I can eliminate them without causing a huge collateral damage - people who are looking for a different system every weekend do the exact opposite. What is left is something that works very well for me.
  • #51
  • Aug 3, 2016 11:28am Aug 3, 2016 11:28am
I did all that and still lost 200pips today, I'm jinxed?!!!
  • #52
  • Aug 3, 2016 1:03pm Aug 3, 2016 1:03pm
Quoting JensG
{quote} It's easy and cheap to try. Works well for me. It is in the end forcing me to look on the chart and that is what I'm supposed to look at (IMHO). The win/loss will never tell you if a trade still makes sense, the chart on the other hand is designed to do exactly that. It sounds a bit funny/weird at first, I agree. But if you think about it: all these trading applications are "one size fits all" solutions and from a usability or call it task focused (I'm really missing a better word for it at the moment) point of view I can guarantee you that...
It doesn't sound weird and funny to me. I actually think it can be a good idea, at least for certain kind of people. But if one is like me and suffers from almost uncontrollable curiosity it won't work. I know myself and I know I'll always want to pull the duct tape away and take a peek. But this is a problem of my own personality, not of your idea.
  • #53
  • Aug 3, 2016 1:08pm Aug 3, 2016 1:08pm
Quoting mlawson71
{quote} I know myself and I know I'll always want to pull the duct tape away and take a peek.
Well, then use bricks and mortar *scnr*
  • #54
  • Aug 4, 2016 1:49am Aug 4, 2016 1:49am
Fear is the best emotion for trading.
It may even get some people to look for a real job ....
  • #55
  • Aug 4, 2016 4:46am Aug 4, 2016 4:46am
Quoting JensG
{quote} Well, then use bricks and mortar *scnr*
If only that were possible.
In all seriousness though, the best thing that could help me is learning self-discipline.
  • #56
  • Aug 14, 2016 5:34am Aug 14, 2016 5:34am
Quoting Mingary
Fear is the best emotion for trading. It may even get some people to look for a real job ....
gave me a good laugh but I cant think of anything scarier than a real boring 9-5 job
  • #57
  • Aug 17, 2016 2:55am Aug 17, 2016 2:55am
Quoting mlawson71
{quote} If only that were possible. In all seriousness though, the best thing that could help me is learning self-discipline.
Even it's hard, but take your time. It's pretty hard to be disciplined.
  • #58
  • Aug 17, 2016 3:40am Aug 17, 2016 3:40am
Quoting gabanda
{quote} Even it's hard, but take your time. It's pretty hard to be disciplined.
True. The only problem is that in the meantime one has to deal with the losses incurred during the time it takes to learn.
  • #59
  • Aug 18, 2016 2:24am Aug 18, 2016 2:24am
Quoting mlawson71
{quote} True. The only problem is that in the meantime one has to deal with the losses incurred during the time it takes to learn.
We can recognize that it's really difficult to handle losses when we're doing trading. But we need to control our emotions.
  • #60
  • Aug 18, 2016 3:12am Aug 18, 2016 3:12am
Nice article, it will help the newbies to gain control over their emotions, which are very harmful for trading.
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