How to better control our emotions?

It is okay to peek, just don't intervene. Assuming that you have a method where manual intervention is not necessary. Alternatively, you can download a Trade Manager to manage the trades you take.

The problem is that once you peek the urge to intervene if things aren't going exactly my way is also there. I do control that urge better than the one to peek though.

In trading, 60% is psychology/controlling your emotions, 20% money management and 20% system. All go hand in hand. "Trading in the Zone" by Mark Douglas will help combat the 60%.

Nonsense. (Seems to be a common phrase lately.) :-)

Psychology and emotions come into play as a larger and larger factor depending on the level of risk you're taking with your trade sizes. In the past I used to hesitate going to bed if the market was moving and just heading into start of aussie/japan opens...and could wake up at 2-3 am out of nowhere and just have to go check where i was...and if in the red, I'd start to think about closing or not, or hedging and hope it wouldn't go against me any more.

Nowadays, I hardly notice. What helps is having trades sitting in profit and just fluctuates between good or better unrealised profits. But when you're flat, you have to start somewhere, which is where you put the first trades on and let them grow.

System is also SERIOUSLY overrated. I could probably measure movements and fibs and use pivot charts, but seems like a hassle. I do use Ichimoku, but I could use MA's, or bollinger bands, etc.

The more aware (and sensible) the trader is about money management, the lesser emotions and any particular system, have to play a part.

Not total nonsense, that's why I said all three principles go hand-in-hand.

System-wise, it's things like picking a system which has a proven success rate around +80% winners with pre-defined entry points, stop-losses, take-profit points etc.
Money management would include rules such as 'never bet your lifestyle - never risk more than 2% of your capital in any one trade', 'always know what the worst possible outcome is' etc

But you can know all about the markets, even the major players, when to buy, when to sell, and which stocks have the potential to move, but you'll still be susceptible to fear (when you have a few losing trades in a row then are not sure whether to enter another position as you're fearful of yet another loss) and greed (instead of shutting off a trade at a predetermined level or over-trading etc)

Even the most astute, highly motivated, well grounded traders can be crippled by counterproductive thinking that can lead to trading errors. They can't stay objectively focused or lack the necessary confidence to execute their trades properly. Or they let deeply ingrained mental contradictions and misconceptions about trading or the nature of the market to rule their stock-picking - that's why a high percentage of traders lose all or most of their money within the first year of trading.

I'm not saying it's either one or the other, but all three go hand-in-hand and from what I've read, how you master your mind can make or break your future trading career.

Almost every bit of what you said is related to trade size making people doubt themselves and brings a high level of fear and uncertainty and thus affecting decisions.

Put on the smallest trade you can. Profit or loss hardly matters, as they are so minimal. It's almost as unengaging as trading on demo.

This allows you to trade almost indefinitly, as long as you have at least some sense of how to trade.

Once you're comfortable, double the trade size and do a few more.

Then double it again. As soon as that tension starts to flicker in your gut and you mentally really start to second guess yourself, that's when you know it's too large.

Then reduce the size to half...or even a quarter of it. That's your general comfortable trade size

Just try taking my advice (although I know it will get ignored) and tell me how it works. I'd be hugely surprised if it doesn't take your suggested 60% and knock it down to almost nil.

Don't try to back down from what you said. Be brave enough to admit I'm probably right. If you don't think Iam, like I said, try my advice.

This course emotion arises because we are flexible trading terlau gans, try created its own rule this trade issue. Ane sure the results will be better. If we managements of the risk just is not there, how can we mengontro ourselves basically had always wanted to be the result of more? This may be one key to trading remains in compliance planing

Emotion is not the problem
Cognitive dissonance is.

Agreed. That is a factor.

Hmm. There's that twinge in my gut again. Is that because I'm publicly agreeing with something Mingary has said? ;-)

Find non discretionary method. Even if it can give 'only' 60-65% WR (assuming rr=1:1) you can still make money in the long run.

One of the most important things you can do to combat emotions is to develop a well-rounded trading plan and stick to it. Having a trading plan can help you establish do’s and don’ts, thus helping to remove emotions that make us second-guess.

I agree. One of the biggest reasons why people develop anxiety is the fear of the unknown. "What am I going to do if this or that happens?" is a questions that we often ask ourselves. Actually having a plan about different outcomes helps immensely with controlling one's fear.

As I said, amateur psychologists advice other equally blind amateurs....

Actually it is other way around, fear is caused by anxiety. Dont you think it is more logical since fear is stronger than anxiety?

http://www.futurehealth.org/articles...00903-820.html

Fear as Emotions - Fear when accompanied by bodily reactions would signify strong emotional response to a situation or an object or event. Since fear is internalized, fear would naturally begin with a feeling or a subjective component.

Fear as Feeling - Fear could however be simply manifested as a subjective feeling, a sense of uneasiness or unconscious perception of some sort of danger or threat that may not evoke strong bodily reactions.

Fear in Anxiety - Fear as a feeling could also be the subjective basis of anxiety as when internalized and even unexplained anxiety has a general feeling of fear.

Fear in Phobias - Fear in phobias consist of persistent pathological emotional response towards specific objects or events.

And no, "unknown" is not the biggest reason of fear. In fact quite opposite, people know exactly what they are afraid of.

In a 2005 Gallup poll (U.S.), a national sample of adolescents between the ages of 13 and 17 were asked what they feared the most. The question was open-ended and participants were able to say whatever they wanted. The top ten fears were, in order: terrorist attacks, spiders, death, being a failure, war, criminal or gang violence, being alone, the future, and nuclear war.

https://en.wikipedia.org/wiki/Fear#T...pes_in_the_U.S.

If you want to control your emotions then build confidence in what you're doing.
Lowering the amount of money to something you're comfortable with helps too.
Knowing what kind of drawdowns you can get in will give confidence too.
Having backtesting to compare it too works too.
etc.

No one is better enough to control emotions as we are human. Controlling emotions are not easy for every one, few can do it not every one. We have to practice for it then only we can make it possible.

you only control your emotion after open trade and set tp and sl then close the terminal.

emotions are the main thing in doing forex trading business, and certainly we can to try to menerpakan MM and RM well, and I did in the forex business mejalankan along instaforex by always using MM and RM to be more comfortable in the forex trading business

haha yeah i have to agree, its not like emootions are a sickness that needs to be ridden off. but rather its how we deal with it, what we do when it happens.

emotions will destroy everything and we should be able to control it well, but we could try it first in a demo account for suggestions menafaakan mental training and also improve the skill and experience could be better than ever

That sounds good in theory but most people can’t help but constantly oversee their positions.