Emotion - the biggest weakness of the trader | Page 4 | Crypto Craft

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Emotion - the biggest weakness of the trader

  • #61
  • Mar 23, 2016 2:10pm Mar 23, 2016 2:10pm
Quoting jmtini
{quote} I completely agree. You have to stick to the rules. What rules? Well firstly your trading system rules and secondly your MM rules. The forex market is desperately trying to get us to break our own rules and emotionally it's easy when one is hit with a loss
I liked how you said about the market, if it is a living organism, and we are parasites. It's close said. But blame the market, as for me, really not worth it.
  • #62
  • Mar 23, 2016 2:15pm Mar 23, 2016 2:15pm
Quoting ReneLH
The first habit - a habit to keep cheerful format, and not get upset and turn sour. This is why starting any army that takes recruits: stand still, and not lounging, expand your shoulders and do not slouch, eyes to the commander, and not wander around, listen to what they say and not be distracted, answering that it is necessary, but not moan or complain. Movement are clear and vigorous, attentive eyes, good intonation. When training for a few months it will be inscribed in the body, the body will cease to rattle and start to listen to the owner....
Rene, I have yet to understand what you are saying. And the more I read, the more I become clear as control whether the emotions and not to worry at a time when the open orders. But I have still a problem. As a trader to control whether the emotions during installation orders. Sometimes it is simply impossible to keep panic and forget about the rules.
  • #63
  • Mar 23, 2016 4:27pm Mar 23, 2016 4:27pm
Quoting ReneLH
{quote} I have for you this advice. Why do not you want to isolate themselves from the trade after the open transaction. What if you put the order on planned volumes (no more), set a stop-loss and take - profit and turn off the terminal. I know it will be hard to refrain from surveillance. You probably shut down your computer and take your phone :-) But that it should be avoided. I understand that this dependence as a smoker. Therefore, I suggest to replace your experiences thirst and risk to other sensations. Turn off the computer after installation...
Thanks for your advice,which i think is a very good one.unfortunately my trading strategy dictate watching the market as SL and Tp has to be managed frequently (depending on TF ,that i trade)according to PA,otherwise it would be an excellent advice.
  • #64
  • Mar 23, 2016 4:45pm Mar 23, 2016 4:45pm
emotion, yes it is one part that important on all of our life decision process. but from my experience before emotion there is something far more greater to concern
that is "how we look, how we saw" and from that how we perceive and processing on our mind and our brain. thus emotion is second layer from the total system
on our humanity system.
correlation to this forex world is how we look to this field. as an example it will bring absolute different emotional ingredients between a person who look this as a game and a person who look this as an ultimate job.
the gambler
the devils apprentice Return Today: na
  • #65
  • Mar 23, 2016 5:12pm Mar 23, 2016 5:12pm
Quoting Soekarno
emotion, yes it is one part that important on all of our life decision process. but from my experience before emotion there is something far more greater to concern that is "how we look, how we saw" and from that how we perceive and processing on our mind and our brain. thus emotion is second layer from the total system on our humanity system. correlation to this forex world is how we look to this field. as an example it will bring absolute different emotional ingredients between a person who look this as a game and a person who look this as an...
And I think that ones who accept trade as a game, will chase and thirst for excitement and adrenaline. They will also be fear and a variety of emotions. The ones who take the trade as a regular job, too, will worry because a responsible attitude to this matter. Perhaps I'm wrong and just look at this issue through my own glasses.
  • #66
  • Mar 23, 2016 5:23pm Mar 23, 2016 5:23pm
Quoting fxnow
{quote} Thanks for your advice,which i think is a very good one.unfortunately my trading strategy dictate watching the market as SL and Tp has to be managed frequently (depending on TF ,that i trade)according to PA,otherwise it would be an excellent advice.
I would be happy to help you. In that case, maybe you should use an adviser who will calculate the position of the SL and TP for you?
  • #67
  • Mar 24, 2016 1:02am Mar 24, 2016 1:02am
Quoting tunera
Here are my 2 cents: I believe emotions cannot be controlled volutarily, so any long, energy and time consuming work on the subject "try to control emotions" is just a waste of resources. Emotions cannot be controlled because they are just a shadow, an effect, not a cause. What we can control is the quality (and then the quantity) of our emotions. Let's say we talk about low quality when emotions are like "doubts", "fears", "anxiety", "worry" etc. High quality emotions are "confidence", "optimism", "entusiasm", "intuition", "good feeling" etc. Low...
And here I was thinking of how to control emotions, you covered this for me ''emotions cannot be controlled volutarily, so any long, energy and time consuming work on the subject "try to control emotions" is just a waste of resources.''
  • #68
  • Mar 24, 2016 1:24am Mar 24, 2016 1:24am
Quoting halilunuh
{quote} Rene, I have yet to understand what you are saying. And the more I read, the more I become clear as control whether the emotions and not to worry at a time when the open orders. But I have still a problem. As a trader to control whether the emotions during installation orders. Sometimes it is simply impossible to keep panic and forget about the rules.
Fear - a banal diffidence in the future. Improve yourself, gain experience and soon you will be able to curb all the emotions, making one more step towards success.
1. analyze your trades. A systematic analysis of the market and your actions on it will help mentally prepare yourself to not only win, but also to the defeat;
2. invest and trade on the amount that you can afford to lose;
3. self-education. Read articles, attend seminars and trainings, communicate with successful traders, improve yourself and your knowledge of the currency markets, and you will feel more confident during the trade.
  • #69
  • Mar 24, 2016 1:44am Mar 24, 2016 1:44am
Quoting GiglingFx
{quote} And here I was thinking of how to control emotions, you covered this for me ''emotions cannot be controlled volutarily, so any long, energy and time consuming work on the subject "try to control emotions" is just a waste of resources.''
I repeat. What you can control emotions, to create an environment around yourself. Think, which affects your emotions? They're not just arise ... That is why it is important to understand that you need to manage the cause of emotions (events, activities, choice)
Trying to control your emotions it is regarded by many as a "mechanical" robot behavior. Some people think that control over the senses means that we must behave as if there is no sense, but it is not. In fact, we are able to experience a wide range of emotions, but they do not have to control us.
  • #70
  • Mar 24, 2016 3:17am Mar 24, 2016 3:17am
Quoting ReneLH
{quote} Fear - a banal diffidence in the future. Improve yourself, gain experience and soon you will be able to curb all the emotions, making one more step towards success. 1. analyze your trades. A systematic analysis of the market and your actions on it will help mentally prepare yourself to not only win, but also to the defeat; 2. invest and trade on the amount that you can afford to lose; 3. self-education. Read articles, attend seminars and trainings, communicate with successful traders, improve yourself and your knowledge of the currency markets,...
Thank you. It does require attention and patience. But I think the result is worth the cake. Sometimes it turns out a lot of lose due to carelessness and panic.
  • #71
  • Mar 24, 2016 6:14am Mar 24, 2016 6:14am
The only thing u control in this battle is risk....
So never ever abuse this.
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -391
  • #72
  • Mar 24, 2016 12:08pm Mar 24, 2016 12:08pm
Quoting mohsinali
The only thing u control in this battle is risk.... So never ever abuse this.
Verily true. But if you give vent to emotions, they can get ahead of the thinking and hinder control risks.
  • #73
  • Mar 24, 2016 12:19pm Mar 24, 2016 12:19pm
The second habit - a habit of living Do not feel as head. It is not that you should not be emotional, it's understanding that emotions should be your tool. Rather, it is a philosophy of life, that your values and beliefs, according to which the important issues must be addressed carefully, calmly and reasonably, and not under the dictates of the senses.
There are people who is not close to call their impulsive spontaneity, who like to live the feelings and boring to live wisely. It is their choice, but for this choice comes at a price that with such a philosophy of life is so difficult listen to their feelings.
Indeed, when emotions subdue us, this is silly. When our emotions provide our bright reasonable targets, that's fine. Let our emotions will be instruments. It is unacceptable when feelings overshadow reason, and decisions are accepted as a result of short-term pulses. Emotions can not and should not be the cause of our actions and decisions. The reason for our action can and must be only our minds and emotions can help us only when they are necessary.
  • #74
  • Mar 25, 2016 5:43am Mar 25, 2016 5:43am
The third habit - the habit in any difficult situation act constructively, and not give up. Emotional people are sit back, when all is well, and suffer when problems arise. The performance people live in a different way. If there are problems, performance people turn on head and solve them. If the problems are solved and everything is in order, performance people go forward to targets. What kind of lifestyle do you prefer?

The more people have free time, they do not know what to do, the more they are likely to be depressed. When you are busy, you do not have to emotions, and the best way not to suffer unnecessary feelings - to do business. If you know what to do - do it. If you do not know - think. If you have to think a long time, and the decision does not come all - relax, do some other things yet, but sit, do nothing and worry - the last thing.
  • #75
  • Mar 27, 2016 5:30am Mar 27, 2016 5:30am
Quoting ReneLH
{quote} I would be happy to help you. In that case, maybe you should use an adviser who will calculate the position of the SL and TP for you?
Thank you for your help offer and for the new helpful posts.As i mentioned before in one of my earlier comments , lately i was thinking of fixing the problem using the same problem,so i am trying to adjust my trading plan to risk 5-7% of the account /trade ,so over trading will be part of the plan . Maybe this if succeeded will change one of the first standard most known Forex rules that we should never risk more than 1 % /trade. I hope this will be successful .
  • #76
  • Apr 19, 2016 3:37pm Apr 19, 2016 3:37pm
Quoting ReneLH
The second habit - a habit of living Do not feel as head. It is not that you should not be emotional, it's understanding that emotions should be your tool. Rather, it is a philosophy of life, that your values and beliefs, according to which the important issues must be addressed carefully, calmly and reasonably, and not under the dictates of the senses. There are people who is not close to call their impulsive spontaneity, who like to live the feelings and boring to live wisely. It is their choice, but for this choice comes at a price that with...
You must not lose the mind. Lose mind - to lose money.
Indeed, the winner is the one who knows how to control himself.
But if conduct an experiment ... Computer against man. It seems to me that the man will win. If the best traders are robots, the real people would not spend time sitting in front of the monitor and trading. What do you think?
By the way, your thread is very interesting, why do you not write more? Could you, please continue.
  • #77
  • Apr 20, 2016 2:02am Apr 20, 2016 2:02am
Quoting FrXTang
{quote} You must not lose the mind. Lose mind - to lose money. Indeed, the winner is the one who knows how to control himself. But if conduct an experiment ... Computer against man. It seems to me that the man will win. If the best traders are robots, the real people would not spend time sitting in front of the monitor and trading. What do you think? By the way, your thread is very interesting, why do you not write more? Could you, please continue.
Enough of time advisors are earning. But computer program cant make money all time, because the market changing in difference of program which stay same as it was. Computer needs human Intervention. Secret it that human is able to fit to the changes. We can think outside the box. And this fact makes us human. Emotions and feelings are our friends and our enemies. I am afraid to imaging what is happen when artificial Intelligence will be created.
  • #78
  • Edited 6:24am Apr 20, 2016 2:52am | Edited 6:24am
Quoting FrXTang
{quote} You must not lose the mind. Lose mind - to lose money. Indeed, the winner is the one who knows how to control himself. But if conduct an experiment ... Computer against man. It seems to me that the man will win. If the best traders are robots, the real people would not spend time sitting in front of the monitor and trading. What do you think? By the way, your thread is very interesting, why do you not write more? Could you, please continue.
I've had enough of manual trading, even thought I could be hypothetically more profitable, my EA's are programmed not to be greedy. They're myself without greed, impatience, recklessness, paranoia about price manipulation etc.
One can say "work on them". I say "NO WAY", especially recklessness.. I came to the conclusion that I'm reckless by nature because I'm still experiencing the same mistakes after years of "improving". I don't think one can control his/her own tendencies for long... sooner or later they'll come out !
Can you ? good for you.
But IMO understanding one's limits and act accordingly is key, rather than pretending to be something you're not. I see it as discipline.
  • #79
  • Apr 20, 2016 3:12pm Apr 20, 2016 3:12pm
Quoting FrXTang
{quote} You must not lose the mind. Lose mind - to lose money. Indeed, the winner is the one who knows how to control himself. But if conduct an experiment ... Computer against man. It seems to me that the man will win. If the best traders are robots, the real people would not spend time sitting in front of the monitor and trading. What do you think? By the way, your thread is very interesting, why do you not write more? Could you, please continue.
I agree with you. Branch undeservedly lost place. I hope the author will continue its
  • #80
  • Apr 21, 2016 3:52pm Apr 21, 2016 3:52pm
Quoting LawKin
{quote} Enough of time advisors are earning. But computer program cant make money all time, because the market changing in difference of program which stay same as it was. Computer needs human Intervention. Secret it that human is able to fit to the changes. We can think outside the box. And this fact makes us human. Emotions and feelings are our friends and our enemies. I am afraid to imaging what is happen when artificial Intelligence will be created.
Interesting idea. Our brain thinks in probabilistic. It is ideal for forex trading because it is too probability.
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