How to better control our emotions?

I'd say emotion is not the problem, but what cause the emotion swing is what makes you a good or bad trader.

If I know my system well and trade through the day, month, and year according my plan, I'd very like to pocket some money by the end of the month. I will be okay and emotionally balanced. I get what I deserve and get one with my life. There is no emotion about that.

You don't drive to your 9-5 day jobs with emotions, do you? So why are you trading with emotions?? When you fix the cause to your emotion, you don't need to control your emotion, right? RIGHT?

I don’t know about that. The cause for anxiety and fear in traders is the market, but one can’t fix the market, they can only fix themselves.

emotions can be controlled with good discipline to be able to do, with our emotional discipline certainly would not be provoked, so we can be a way to learn to maximize the skills to have a good motivation in achieving a success

these emotion questions will always be a thorn but its something we simply have to deal with, use it wisely i say, its a factor that can be used for or agains ones own good..

The question is a thorn, finding an answer that applies to everyone is an even bigger thorn, unfortunately.

From my experience I can tell you that controlling your emotions is definitely a learning process. It's human nature to let your emotions affect your decisions, so I (and most other Forex traders) had to learn this skill the hard way. Here are some tips that have helped me a lot during my trading career so far:

- Once you have entered a trade and set your TP and SL, close your trading application and check up on your trade only a few times (or just once) instead of continuously looking at it. This will give your mind some rest and allows you to trade with a clear mind.
- If price is moving towards your SL, instead of panicking you should realize that a loss is a GREAT learning opportunity and could therefore be something positive in the long run. Skateboarders fall over and over again until they get a new trick down, and every time they fall they analyze their mistakes.
-Be very CONFIDENT in your trading strategy! If you are confident in your choices and it makes sense to you, you will also be more confident that your TP will be hit.

Of course, every trader has his/her own mantra, but these rules generally help me control my emotions. About a year ago I lost $800 (about my whole portfolio), I mourned, and shortly after I accepted my loss as a learning opportunity. I couldn't even pay rent after that loss, so I had to sell some of my music equipment to compensate. Shit happens, so you better turn the negativity into a positive learning opportunity. Believe me, when I say learning opportunity, I mean BIG opportunity. Some people tend to forget how much of a turning point a loss could potentially be.

Good luck and I hope this post helped!

control the emotions that can be done by trading using little capital, with a small capital will know seberpa knowledge we have and will also be controlled again in emosioanal as long as the discipline that we apply

Controlling emotions is such abroad based topic that applies to all of life not just trading. It is very difficult to control emotions "in trading" but then have less emotional control "out of trading". In my opinion it is a holistic thing that needs to apply to every situation in life.

Further to the previous post we can use myriad techniques to control emotion from sources such as traditional psychology books. For the reasons aforementioned the books geared towards trading in particular are probably not the best as they focus on just one area of life. Broader psychology books have a much better chance of succeeding in making us emotional masters overall. Then the other option is to follow non dogmatic philosophies that direct us through emotional mastery of life through daily practices.

True. If one has learned how to be a calm and collected person when they don’t trade they can apply the same emotional lessons to their trading.

Emotional frequent occurrence that can be said in the greed factor in doing, and also the discipline not being done, and that certainly no science maximum preparation in running trading.

just take a breath and trade logically

Walk away from your trading desk!

criteria:

dont know what to trade
lose more 3 times/day

a trader must be diligent to do the exercises and also to evaluate the trade because it will provide a positive influence for us. and can be in doing a demo account to do preparatory maximize the skills to benefit more easily achieved

Something I learn from poker - forget that the money at the table or in Forex in your broker account are real money. They are just virtual points until you withdraw them.. then they became money again. This way is a lot easier to control your emotions and not lose control.

That is actually pretty good advice. One can at least try to do that, even though I am sure it’d be pretty difficult.

It´s not the only way to do it but develop a trading methodology that have a risk/reward of 3 to 1 or more helps a lot. It´s emotionaly easy when you know that you can recover some bad trades with only 1 win.

this can backfire do you know why casinos introduced play chips? Gamblers lost the sense of moneys worth once they have changed the cash to the chips.... so if you dont think of your account balance as real money you are going to take way too big positions.

the only way to really keep emotions in place is keeping correct bankroll management and sizing your positions so your losers do not hurt you financially and emotionally.

to control our emotions can do with the discipline we did, with the discipline regularly will be more focused on running forex, and do not forget to mention the need to always place a stop loss order if where our analysis is not accurate can still be controlled risks and better able to focus on the we run in forex trading

To be honest, losses always hurt me emotionally at the very least. Even if the financial loss doesn’t hurt (and it often does), the injured pride hurts.