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How to Become Emotionless

  • #181
  • Edited 6:38am Jan 23, 2018 2:55am | Edited 6:38am
You have to let your trade once you are in it. This is why you plan it.
We all remember days when we look at trade every minute or two. You are up 2 pips then down 7 pips another minute again up 3 pips and so on until it hit SL or TP. This is not a way to do it and you can have some serious eye problems.
  • #182
  • Jan 23, 2018 9:20am Jan 23, 2018 9:20am
Quoting Eagle-Eye
You have to let your trade once you are in it. This is why you plan it. We all remember days when we look at trade every minute or two. You are up 2 pips then down 7 pips another minute again up 3 pips and so on until it hit SL or TP. This is not a way to do it and you can have some serious eye problems.
I sure remember those days, they weren't that long ago for me. I break out in hives just thinking about it.
  • #183
  • Feb 5, 2018 7:20am Feb 5, 2018 7:20am
Emotionlessness is something that comes to one on forex with experience, as well as after long trainings and working on oneself.
  • #184
  • Feb 5, 2018 9:30am Feb 5, 2018 9:30am
Quoting Flieldel
Emotionlessness is something that comes to one on forex with experience, as well as after long trainings and working on oneself.
That is my impression as well. The longer one trades, the more trained and numb their psyche becomes. Experience is the best teacher when it comes to trading, in more ways than one.
  • #185
  • Feb 12, 2018 11:50pm Feb 12, 2018 11:50pm
Quoting corrman
I was going to suggest that to become emotionless, take a year off, but I just traded for the first time in a year to test new account and I was not emotionless, but I was able to identify each emotion and realize why I was having it, accept it, remember I've been thru it, then continue being able to be relaxed and think thru the reasoning why I was in the trade and look at the correlations that keep me busy and scalp a small gain. But if it was a small loss that was ok too. So there isn't any simple answer to all this, but in the end it all has...
Thank you for your tips. To me being realistic is the best way to be emotion free. Most people come here to get quick rich. They want to make 100%, 200% profit per month. I always say to compare forex trading with other business. With 1000$ capital how much return you would expect in any other business. 1st of all with 1000$ or less no other business is possible. Why all the expectations when it comes to forex trading.?
  • #186
  • Feb 22, 2018 1:55pm Feb 22, 2018 1:55pm
Quoting AgusKurniaw
{quote} Thank you for your tips. To me being realistic is the best way to be emotion free. Most people come here to get quick rich. They want to make 100%, 200% profit per month. I always say to compare forex trading with other business. With 1000$ capital how much return you would expect in any other business. 1st of all with 1000$ or less no other business is possible. Why all the expectations when it comes to forex trading.?
You are absolutely right! No one can success here with an unrealistic plan! I see, pro traders are trading with a decent monthly target like 5-8% when gamblers are trying to make 100% even more monthly return!
  • #187
  • Feb 23, 2018 4:43am Feb 23, 2018 4:43am
Honestly speaking become emotionless completely is not possible at all ,
but we can control our emotions when trading by proper trading discipline.
  • #188
  • Feb 23, 2018 5:09am Feb 23, 2018 5:09am
Watch series of Hannibal

Emotions are the excuse of not knowing what you are doing..

As far as gambling exist on your trading style you will get excitement and anexiety.. If you know your risk and aware of the worst situation that can happen before you act.. You have no reason to worry at all..

Trading should be based on facts.. I have created thread about mythomania because of the same reason..

Most of the new traders here they are self hypnotised with that dicipline and emotions meme...

If you know how your system and markets work it will get boring after while.. Only excitement can be there because of making more money and see system works...
Otherways its just gambling, if you have no math and analytical skills involved..

Its not about having good entries at the market.. Its all about when to close them.

As i know my max risk , I can sit at drawdown for days and not feel anything at all or closing trades at loose.. If you are loosing overall still there is nothing to feel , you are just in to non profitable business.. Find another.
Take it easy.
  • #189
  • Feb 26, 2018 3:25am Feb 26, 2018 3:25am
MarkFxAnde, I agree with you. All kinds of emotions can be controlled, it's just a matter of practice. However, you will hardly be able to avoid emotions while trading. The thing is, all pf us are people and emotions are an essencial part of us.
  • #190
  • Feb 26, 2018 3:47pm Feb 26, 2018 3:47pm
In my opinion to get absolutely unemotional is just impossible. Whatever you say but we're all human and emotions are part of what we are.
  • #191
  • Feb 26, 2018 4:36pm Feb 26, 2018 4:36pm
I feel like I've totally conquered my emotions when I'm ahead in a trade from the entry. At the first pullback against my position, I begin to wonder.
big money makes big moves and then hides during small money chasing.
  • #192
  • Feb 27, 2018 9:01am Feb 27, 2018 9:01am
Quoting corrman
I feel like I've totally conquered my emotions when I'm ahead in a trade from the entry. At the first pullback against my position, I begin to wonder.
I know that feeling all too well. You need to do your best to stay impartial no matter what happens or you'll likely lose money.
  • #193
  • Feb 28, 2018 5:30pm Feb 28, 2018 5:30pm
I think we may be mostly men. Only a man would ask, "How can we become emotionless?" Because men really don't like to admit to having any emotions, because, hey, aren't those for girls?

So maybe we (men) might attempt to ask, "How can we MANAGE our emotions?" Maybe that might help some. Since admitting to having them would be a start.
big money makes big moves and then hides during small money chasing.
  • #194
  • Mar 2, 2018 9:09am Mar 2, 2018 9:09am
I don't know, the original poster maybe just didn't have English as their first language and asked the question as best as they could. It happens.
  • #195
  • Mar 26, 2018 11:43pm Mar 26, 2018 11:43pm
Emotionless person wan't succeed in forex trading either. A person needs to feel some kind of emotions and it's just impossible to get rid of all these feelings and emotions.
  • #196
  • Mar 27, 2018 9:25am Mar 27, 2018 9:25am
Quoting Derzo
Emotionless person wan't succeed in forex trading either. A person needs to feel some kind of emotions and it's just impossible to get rid of all these feelings and emotions.
I agree that it's all but impossible to excise all emotion from oneself, but I am not sure why a truly emotionless person would fail. Please clarify?
  • #197
  • Mar 27, 2018 10:58am Mar 27, 2018 10:58am
Quoting mlawson71
{quote} I agree that it's all but impossible to excise all emotion from oneself, but I am not sure why a truly emotionless person would fail. Please clarify?
I think it’s a long term process; by meditating we can develop our contorting power!
  • #198
  • Mar 28, 2018 9:23am Mar 28, 2018 9:23am
Quoting DarrenLehma
{quote} I think it’s a long term process; by meditating we can develop our contorting power!
I have seen others recommend meditation too. I think it is a good idea, but probably more than that is required to become a patient and disciplined trader.
  • #199
  • Apr 12, 2018 2:18pm Apr 12, 2018 2:18pm
Trade with always a robot; it’s the foremost way to become emotionless.
  • #200
  • Apr 13, 2018 8:35pm Apr 13, 2018 8:35pm
We are humans. We run on emotion. The markets are traded mostly by humans, except for BOTS, HFTs & EAs, so it is impossible. But like some of said, use a EA that you understand inside and out. DO NOT TRUST LIVE MONEY WITH AN EA YOU DO NOT UNDERSTAND OR HAVE THE CODE FOR. EVER! You can train yourself to trust your edge which will keep you calm in your trading decisions, but that is about as close as you can get.

-Ric
Be humble or get humbled
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