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How to Become Emotionless

  • #161
  • Nov 10, 2017 10:31am Nov 10, 2017 10:31am
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 to be sorted out.

I scalped a long in USD/JPY at 113.28 and exited too early at 113.37, then it went to 113.47 but my patience was not so good by then, nearly stopped while it paused at the lows at 113.25 for a half hour.
big money makes big moves and then hides during small money chasing.
  • #162
  • Nov 11, 2017 1:28am Nov 11, 2017 1:28am
Read this.
https://www.investopedia.com/article...or-trading.asp
It is possible that you are not a person for this business. If so you can find some signal service or manage account.
  • #163
  • Nov 11, 2017 8:34am Nov 11, 2017 8:34am
Quoting BenDunk
When trading in a demo account, there is no emotion. Of course you consider this as a perfect place to practice but not at all to control emotions.
The demo account is not indicative of how well one can learn emotional control though. You can't learn that if the trading there doesn't cause any anxiety.
  • #164
  • Nov 20, 2017 11:25pm Nov 20, 2017 11:25pm
Quoting Qu|cksilver
How to Become Emotionless Becoming emotionless can be a very useful tactic to deal with problems that might be better handled with less heart and more brain. The following is a list of steps to take in order to remove the heart from the situation, and start using your head. Steps Meditate. This is one of the better tools to become emotionless. There several are different types of meditation, including Vipassana and Huna, that you can investigate to see which one is right for you. Even the most...
What I learn is small wins creates competency. And a series of small wins creates confidence. And too much unchecked of confidence creates reckless.

Because sometimes confidence fill the void of too little. So instead of getting more pips we strive for higher returns in small number.

So start small. I can make $50 in a day with my job. Is that too much to lose? If so. Can I reduce it to $10 a day? If I lose this much. I'll call it quits.

Abundance mindset is also another important factor. But you can't make nett positive pips out of thin air if you risk to reward ratio isn't logical.

The market is made up of series of supply and demand. If you are a buyer. Find the demand level supported by a series of past buyers. If you are a seller. Find the supply level rejected by a series of sellers.

Overtime. Your nett will be positive because your risk will always be smaller than your reward. Only if you can sit on your hands.
You're going to pay a price for every bloody thing you do and don't do
  • #165
  • Nov 22, 2017 10:02am Nov 22, 2017 10:02am
Unchecked confidence - or arrogance, in other words - is just as dangerous to trader's sound judgement as fear is. They're the two extremes and extremes are hardly ever good for anything.
  • #166
  • Dec 7, 2017 12:59am Dec 7, 2017 12:59am
I truly have confidence in the forces of reflection and figure it can assist colossally with traders. When you quit minding whether you win or lose, yet rather "stress" about whether you are following all your framework's principles and your cash administration precisely and take a stab at consummating that rather, at that point you will wind up profiting sooner or later while scarcely notwithstanding acknowledging you are.
  • #167
  • Dec 8, 2017 2:41pm Dec 8, 2017 2:41pm
If you are desperate to make money, you are also desperate not to lose money. Not the best place to be when trading real money.
  • #168
  • Dec 9, 2017 9:29am Dec 9, 2017 9:29am
Quoting kieranw
If you are desperate to make money, you are also desperate not to lose money. Not the best place to be when trading real money.
I agree. One can never risk money (in Forex that is) that they cannot afford to lose. And under such circumstances it's generally inadvisable to lose money.
  • #169
  • Dec 9, 2017 9:53am Dec 9, 2017 9:53am
It is safe to say that we are talking about being without passionate when all is said in done or just in trading? I feel that life when all is said in done without feelings would be extremely purposeless. In any case, in the event that we are talking about the place of feelings in our trading choices they have no place here at all. Examining charts and pointers includes scientific equations and examples which won't be influenced regardless of what we feel or think. We need to get into the brain of the market on the grounds that the market won't comply with us. Making mechanical exchanges is basic.
  • #170
  • Dec 24, 2017 12:05am Dec 24, 2017 12:05am
Quoting kieranw
If you are desperate to make money, you are also desperate not to lose money. Not the best place to be when trading real money.
true! recipe for disaster!
loosing is part of the game, in fact losing is the only thing we as traders can somewhat "control"
so that part must be the main job. as from minimized losses, harmonics to be seen and sizes adjusted comes the money.
and you definitely need emotions to do that.
  • #171
  • Jan 5, 2018 10:07am Jan 5, 2018 10:07am
Quoting nullx8
{quote} true! recipe for disaster! loosing is part of the game, in fact losing is the only thing we as traders can somewhat "control" so that part must be the main job. as from minimized losses, harmonics to be seen and sizes adjusted comes the money. and you definitely need emotions to do that.
I don't think it's as much about something you can control - it's rather something people take into account when they make their trading plan.
  • #172
  • Jan 10, 2018 2:37am Jan 10, 2018 2:37am
I don't think you can ever be totally emotionless about a trade, I do believe that it is easier to control your emotions if you know how your system performs.
  • #173
  • Jan 10, 2018 3:01am Jan 10, 2018 3:01am
Quoting mlawson71
{quote} I don't think it's as much about something you can control - it's rather something people take into account when they make their trading plan.
that's why peoples fail, emotions don't pay the bills but there is a part of it required (in my point of view) to operate properly as the market is made and operated by humans, so knowing the emotions others may have resulted in mass psychology and that's something you definitely need to know about.

once you understand that your very own stop loss order is partly responsible for the price actually going there,
all this phrases like stoploss hunting, rigged games, broker cheating and whatnot are a thing of the past and the real money comes in once seeing past all that.
  • #174
  • Jan 12, 2018 7:06am Jan 12, 2018 7:06am
Quoting Butterscotch
I don't think you can ever be totally emotionless about a trade, I do believe that it is easier to control your emotions if you know how your system performs.
That is actually a very good point. Know your strategy very well, know when it works and when it doesn't, that will significantly lower your anxiety.
  • #175
  • Jan 18, 2018 2:15pm Jan 18, 2018 2:15pm
Greed and fear were definitely driving my emotions, along with an addiction to gambling. I hit "rock bottom" and quit for a year, but I said it was forever and I meant it. Did something different, didn't even think of trading for a full year. I happen to be clearing out old data and saw slides of old trades and instantly saw my errors, but with a clear head. Looked again later, same thing. Thought that maybe I could see if I was still messed up and so of course the most affordable trading is forex. It feels completely different. Not totally emotionless, but I can tell now when I am and I'm really not now. I was anxious for 10 years, why not now? I don't even know, but I'm not. I was gripped by something, now I'm just floating along.
big money makes big moves and then hides during small money chasing.
  • #176
  • Jan 19, 2018 6:30am Jan 19, 2018 6:30am
Plan your trade and trade your plan.
  • #177
  • Jan 19, 2018 10:25am Jan 19, 2018 10:25am
Quoting Eagle-Eye
Plan your trade and trade your plan.
That has to be the most succinct advice on this matter that I have ever heard. And I wholeheartedly agree. I don't think that eliminates emotion altogether, that's impossible, but it can certainly help.
  • #178
  • Jan 19, 2018 10:32am Jan 19, 2018 10:32am
Plan your trade: Rules (price action, indicators,...) where to enter, SL and TP.
Trade your plan: Enter trade, set SL, TP end forget about this trade.
There are only 2 outcomes, loss or win.
  • #179
  • Jan 22, 2018 11:37pm Jan 22, 2018 11:37pm
Traders who do not pre-define their Forex trading activity will inevitably fall into a cycle of emotional trading ups and downs.
  • #180
  • Jan 22, 2018 11:43pm Jan 22, 2018 11:43pm
Controlling emotion is important in forex trading. I usually make a plan before enter into a trade. Then make entry with tp and sl and shut down my computer or do other jobs in computer. I always let the trade either hit tp or sl.
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