Topic: Do You Need To Put Your Emotion in Trading ? - page 13. (Read 2526 times)

Well there's a universal accepted thoughts that I learn here in the forum, not to involved your emotions in trading. So I would say that they are correct, based on my experienced. I think emotion is one of the worst enemy of a trader so we should at least learn how to control it. There's even a thread discussing that meditation should be practice if you really wanted to be emotion-less or make the right decision.

Trading bitcoin and stocks is really different but the way of trading is little bit the same, trader should ignore their emotions when they trading, each trader should makes decisions by data calculation and any other technical method. Trader are often to made a panic selling when the price of bitcoin fall and then they lose their money, this is not good for the future of their career.

Honesty it solely depends on the trader/investor
The sole aim of investors/investing is to maximize profits.
And to the investor he/she doesn't/shouldnt care how they go about it.
As long as profit is yielded in the very end as opposed to loss, then it's fine/a successful trade..

Emotions/no emotions
It depends on exactly how they would be put into play,you wouldn't call a trader smart or an "Emotional" one simply because he traded with all the money he had
Thats being greedy and stupid,and doesn't always come out good...

Neither would you call a trader smart,and one who keeps his emotions in check,when he/she doesn't buy coins when the prices are low,but decides to purchase them when prices are rising(which is abhorred in trading)
That's simply being unwise..

Whichever term the both can be applied,as long as the trader keeps his head,and works to maximize profits, and suppress loss, then it's the right way to trade.
With or without Emotions

Going by the heading topic of your post, it is a danger signal to put emotions on trading. Although, I tell you it is very difficult to eliminate totally because we are humans and we attached with emotions because our real money is involved. However, an experienced trader does not always get to watch his trade at irrelevant intervals. He allows the trade a longer time to mature .

Making a post Concise can create a better communication to your audience and pass your message better.  The simple idea behind this long post is that emotion in trading can be lethal. In as much as we are humans and emotions is part of us limiting the extent to which we let emotion play in our trading would improve our trading activities

"There are two schools:
1. People want to eliminate emotions in the trading. He is practicing emotional limitation in a particular environment. Extend the mind both in depth (towards emotional elimination) and width (to the environment other than trading).
2. People want to control emotions. Work with him must have both greed and fear to progress. "
This is exactly the 2 schools to deal with trading psychology. I would like to analyze a little difference between these two schools.

Eliminate emotions

This is a group of trader that emotion is the problem, to kill the problem to kill the original is to remove emotions from the trading process. They learn how to keep the emotional impact to a minimum. And to put the mental state in the mind and consciousness.


Some ways to eliminate emotion are to look at the issue in a different way in order to separate emotions from the psyche. Or whenever the emotion signals out of control, the trader immediately distracts himself to avoid consequences.

Put another way, getting rid of emotion is making the robot look as good as possible. The ultimate goal of this school is to promote the power of reason and to reject emotion.

Emotional control

In contrast to the above, some other traders said that should not seek to eliminate emotions. May be because it is not necessary, or can not be eliminated. So one must choose one way to live and control emotions.

With this school, you will apply the transition, the emotional direction to beneficial goals such as using stress to increase concentration, turning heart to aspire to success, turning the fear of losing money into spirit the law,...

These traders "use" emotions instead of removing emotions. Because they believe that emotions create new motivation for success.

For you, which school is better suited?

I do not discuss the correctness of the two schools. I just put up an open question for you. What school do you follow? How will you do it? How is the effect? Share your experience, your opinion about these two schools?