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How to Become Emotionless

  • #21
  • Nov 20, 2006 10:22am Nov 20, 2006 10:22am
Quoting Pipex
I'm in my second year now trading live ... and doing very well ... I'm still here and making pips ...

Like most have said, focus less on the money ... for me it happened when I started controlling my position size of my trades and following my plan. Focus on the execution of your trades ...

Happy Trading ...
make a plan follow the rules! EXCELLENT!
  • #22
  • Nov 20, 2006 1:58pm Nov 20, 2006 1:58pm
Try to become a psychopath.

One other methode is to concentrate on your tradesystem, not on the results. If you know that your system works, you don't mind loosing some trades. In fact every single trade is irrelevant, because a good system is based on probability. If you have a lot more than 50% chance on winning, who cares about some incidental losses.
  • #23
  • Nov 20, 2006 4:57pm Nov 20, 2006 4:57pm
Be one with the pips. "If you don't control the pips, the pips control you."
  • #24
  • Nov 20, 2006 7:49pm Nov 20, 2006 7:49pm
Lovely advice, Its still hard for me, I just started trading live over the last few weeks, and have made some huge losses cause I couldn't control my emotions, everytime I jump in the market, it would rush against me. I have learnt now not to stare at the numbers all day long. Do the technical analysis, set the stops and tp and walk away, or do some reading.

It was so much easier trading forex on a demo, you don't realise how much emotion goes into a live trade until you do it, its like learning how to trade forex all over again.


Thanks for the advice!!
  • #25
  • Nov 21, 2006 3:29am Nov 21, 2006 3:29am
In all seriousness; if you are having trouble staying calm during trading take up the study of one of the marshal arts. Boxing, judo, karate etc.etc.
The problem is you should find an instructor that is interested in the craft as an art form. A true practitioner of the sport. If you can find someone that has competed on the national or above level and done ok then you probably have found a good one.

The whole theory in a nut shell is; if your mind and body are relaxed you can react to any situation faster and appropriately. For instance if your arm muscle is tight, to move it you must first relax the muscle then activate it to move in a desired direction, two steps. If it is relaxed you just move it,one step.

The same thing applies to your mind. Mark Douglas touches on the relaxed mind in his book "Trading in the Zone".

Besides all of the above you will feel better when you get your butt out from in front of that computer.
  • #26
  • Nov 21, 2006 4:04am Nov 21, 2006 4:04am
Quoting bapxyz
...take up the study of one of the marshal arts. Boxing, judo, karate etc.etc...
I've found this to be true for myself also. One form of "Soft Martial Arts" i've used for several years is Chi Kung, specificaly a form as taught by Kam Chuen Lam in his book The Way of Energy. You'd be suprised at the strength gained, both inner and outer.

: ) Thom
  • #27
  • Nov 21, 2006 10:36am Nov 21, 2006 10:36am
I will look into that. I am way past the age where I want to get out on the mats.
  • #28
  • Nov 21, 2006 10:49am Nov 21, 2006 10:49am
"To deny one's emotions is to deny that which makes us human."

Do not try to be other than yourself.
  • #29
  • Aug 4, 2009 7:23pm Aug 4, 2009 7:23pm
Where have all the traders gone?
  • #30
  • Aug 5, 2009 11:21am Aug 5, 2009 11:21am
zoloft might help
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  • #31
  • Jul 16, 2016 3:42pm Jul 16, 2016 3:42pm
Quoting shewill
{quote} make a plan follow the rules! EXCELLENT!
I couldn't agree more.

Let me add: Think of a trade objectively. A trade is a trade, nothing more. So, see it in the proper perspective. That is, it's just a very tiny part of our whole trades--including future ones. If we have a trading plan, few lost trades aren't detrimental.

Happy trading, fellows!
  • #32
  • Jul 16, 2016 9:52pm Jul 16, 2016 9:52pm
A profitable and well tested strategy in all condition of the market , a good deposit, minimal leverage, a consolidate exprerience. Trading is as to learn to climb mountains. You start with easy wall with all the protections and go on to grow until to climb big wall without any protections because you have developed a complete power up your self. Meditation can help, but constant pratice and humility to learn as eternal beginner are the best.
  • #33
  • Jul 16, 2016 10:28pm Jul 16, 2016 10:28pm
excellent, man.............

Quoting flashpaul
A profitable and well tested strategy in all condition of the market , a good deposit, minimal leverage, a consolidate exprerience. Trading is as to learn to climb mountains. You start with easy wall with all the protections and go on to grow until to climb big wall without any protections because you have developed a complete power up your self. Meditation can help, but constant pratice and humility to learn as eternal beginner are the best.
  • #34
  • Jul 18, 2016 4:23am Jul 18, 2016 4:23am
I don't think that a trader can become completely emotionless, no matter what they do. That's just not human nature. But one can learn to keep one's emotions under control with a lot of practice and experience.
  • #35
  • Jul 18, 2016 5:07am Jul 18, 2016 5:07am
Try search about 'limbic system'
The only winner is the one who survive the longest...
  • #36
  • Jul 19, 2016 4:31am Jul 19, 2016 4:31am
I don't see any problem in controlling your emotional state in trading. Just work out money management plan and follow it. Tight SL's and fixed losses help me to avoid emotional tension with can occur only in sudden blowups.
If you trade without SL's then yes you have something to worry about.
  • #37
  • Jul 19, 2016 1:13pm Jul 19, 2016 1:13pm
Quoting JosTheelen
Try to become a psychopath. One other methode is to concentrate on your tradesystem, not on the results. If you know that your system works, you don't mind loosing some trades. In fact every single trade is irrelevant, because a good system is based on probability. If you have a lot more than 50% chance on winning, who cares about some incidental losses.
This is making my day '' Try to become a psychopath , good one there putting all your effort and concentration into one good system pays off.
  • #38
  • Jul 20, 2016 2:25am Jul 20, 2016 2:25am
hahahaha well being a psychopath it a bit exaggerated but, its not really about being emotionless, its still gonna be there, but yeah, keep your self in check, its about having the right mind set when trading, we all know when we commit mistakes, thats a good reminder of things to avoid, hold on to that sad feeling when we make stupid mistakes as a reminder to avoid it in the future, another thing, is being logical, the right RR ratio comes in to play, be ready for a lose just incase it would be easier to let go of it, never play the angry loser trade, it only tripples the loses. just stay balanced, stick to the plan (as long as its a good one) stop blaming things or people for loses, loses are there and there is no such thing as a 100% winning streak, personally i have blown couple of hotforex accounts through the years, till i managed to get a hold of my self and grow my current account to where it is today. its just that!
  • #39
  • Jul 21, 2016 12:00am Jul 21, 2016 12:00am
You don't need to be emotionless, you just need to take control over some emotions like Anger. You need to be patient and trade with sound mind.
  • #40
  • Jul 21, 2016 3:29am Jul 21, 2016 3:29am
Quoting GodfatherSam
You don't need to be emotionless, you just need to take control over some emotions like Anger. You need to be patient and trade with sound mind.
Anger, greed, fear, even elation over profits one's made can cloud a person's judgement. One should always strive to keep themselves as cool-headed as possible while trading and deal with the emotions afterwards.
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