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How to Become Emotionless

  • #421
  • Sep 19, 2020 5:24pm Sep 19, 2020 5:24pm
Trade with your money as if it is already flushed down the toilet.


Be free from the expectation that you will get any amount of it back.


Treat it like a closed loop system:

X Input + Y Market = Z Output.
Love to talk on Discord: DividendGamer#1324
  • #422
  • Sep 20, 2020 1:51pm Sep 20, 2020 1:51pm
how I became emotionless in my learning stages was by losing money, each time I lose a trade I become more and more emotionless to the point where if I lose $1000 right no I wouldn't feel anything. now when I'm trading and I'm confident of the set up that I see and I take the trade and set my stop loss here it suppose to be I go and enjoy my day and check up on it like every now and then to see if I can move my stop loss to breakeven (I'm not a scalper). you have to lose money to become emotionless.
  • #423
  • Sep 21, 2020 6:26am Sep 21, 2020 6:26am
That's what you need a good analyst who can give you the right judgment
  • #424
  • Sep 22, 2020 2:36am Sep 22, 2020 2:36am
Make sure that you use correct risk management and then losses do not hurt so much. Also avoid greed.
  • #425
  • Sep 25, 2020 3:23am Sep 25, 2020 3:23am
If you want to trade, you have to give up emotions first. You can never make a profit in trading without giving up emotion. Beginner traders tend to be more emotional. If you want to give up emotions, you have to maintain discipline first. If we go disciplined by ourselves, then the emotion will work less. And you have to do regular meditation. Meditation clears the mind and removes the negative mindset.
  • #426
  • Sep 25, 2020 9:18am Sep 25, 2020 9:18am
Quoting PaloLacko
Make sure that you use correct risk management and then losses do not hurt so much. Also avoid greed.
What would you call correct risk management?
  • #427
  • Sep 28, 2020 8:27pm Sep 28, 2020 8:27pm
It is never possible to trade with emotions. A person who trades with emotions will never be able to become a profitable trader. New traders usually do emotional trading. I have observed traders who have not been successful even after trading for a long time. Because they had a lot of emotion in their trading. So every trader should give up emotional trading.
  • #428
  • Sep 29, 2020 10:23am Sep 29, 2020 10:23am
Emotions will get involved in trading one way or the other. It is also not an easy task to control our emotions so what we can do is to make a good preparation with a trading plan. By doing this we will stick to the rules of trading thus not letting emotions sway our judgment.
  • #429
  • Oct 5, 2020 5:49am Oct 5, 2020 5:49am
Trading in the market with emotion can be very dangerous. If you want to become a good trader you have to control your emotions. You can control your emotions by practicing on a demo account more and more. It will help you to get confidence and trade fearlessly.
  • #430
  • Oct 6, 2020 3:43am Oct 6, 2020 3:43am
Emotions are what make us humans. It is part of us & what we should be trying to do is how to make our trading strategy as mechanical as possible. If your strategy requires you to enter a trade only after 3 conditions are met, then tell yourself that you'll enter only if those conditions are met, deliberately practice this for some days & it'll become part of your habit. Even then if it isn't working , then it must be the strategy which needs to be changed, & not emotions. Stay Human
Trading fails when u try to defeat the market
  • #431
  • Oct 6, 2020 5:59am Oct 6, 2020 5:59am
Trade like a video game. The numbers are meaningless.
Love to talk on Discord: DividendGamer#1324
  • #432
  • Oct 6, 2020 7:37am Oct 6, 2020 7:37am
Wouldn't that be gambling, if one trades in that manner?
  • #433
  • Oct 7, 2020 2:01am Oct 7, 2020 2:01am
Quoting PaloLacko
Make sure that you use correct risk management and then losses do not hurt so much. Also avoid greed.
Greed is harmful. It makes you take wrong decisions, losses follow and then one loses confidence too.
  • #434
  • Oct 7, 2020 2:07am Oct 7, 2020 2:07am
Quoting mlawson71
{quote} What would you call correct risk management?
Do not risk more than you can you can afford to lose. This is my approach.
  • #435
  • Oct 9, 2020 7:57am Oct 9, 2020 7:57am
Quoting PaloLacko
{quote} Do not risk more than you can you can afford to lose. This is my approach.
That, I think, should be every trader's approach. I wish you success!
  • #436
  • Oct 11, 2020 7:42pm Oct 11, 2020 7:42pm
Quoting rachelo
{quote} Greed is harmful. It makes you take wrong decisions, losses follow and then one loses confidence too.
Problems start with expectation. Unrealistic expectation leads to open random trades. It creates greed in us and force ourselves to open trades even if there is no trading set up.
  • #437
  • Jan 16, 2021 7:57pm Jan 16, 2021 7:57pm
The points mentioned are definitely worth exploring
  • #438
  • Feb 26, 2021 2:48am Feb 26, 2021 2:48am
If you want to take the emotions out of trading, then I would suggest not to look at profit and loss figures in the middle of the session, especially when you are losing.
Create a good trading strategy first, invest only what you can afford to lose and then trade without paying attention to your scoreboard.
  • #439
  • Feb 26, 2021 7:43am Feb 26, 2021 7:43am
The best way to trade without emotion is to use an Expert Advisor
  • #440
  • Mar 3, 2021 9:51am Mar 3, 2021 9:51am
when you turn old you tur emotionless,and it good for you
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