Usually I am preparing myself to the process of trading, I listen to the calm and positive music, usually I am drinking green tea with mint. You can think that I am kidding but this is real, I'm trying to be as calm as it is possible.
Its look like easy to control our emotion but not so easy. I think it need a good experience in trading which can make you able to control yourself and take a right decision in a right time. So having good experience in trading can enable you to take a correct decision on time.
Topic: How to get rid of emotions when trading - page 12. (Read 3922 times)
No emotional person ever become profitable in trading. Trading requires discipline and patience which emotions is against. The first step in getting rid of emotion is to realize that two things are inevitable: either you lose or you gain. When the former happens, risk management is the cure and not emotions.
yes it is very difficult to accept defeat and realize that trading risk is part of the risk that must be faced. This emotion always says "I have to get a profit" this may be something that must be resisted.Emotion is an important part and I can't control it, it's very difficult to get rid of panic when prices fall.
No emotional person ever become profitable in trading. Trading requires discipline and patience which emotions is against. The first step in getting rid of emotion is to realize that two things are inevitable: either you lose or you gain. When the former happens, risk management is the cure and not emotions.
Emotions during trading will brings you failure better have a self confidence and control your emotions when trading. Focus on your goal to earn profit. Always comes in the mind to earn profit and dont be too emotional accept the risks in trading.
Do you have any tips which can be helpful in controlling my emotion. in fact i do not have any control over my emotion, which really effect my trading so badly.i really want to have good control over my emotion while trading or investing money in crypto currencies or even when i am playing gambling. 
The most important thing for the investor is to have patience. Many newcomers rush to make a profit and are mistaken on this.
Yeah, I think the key is to be patient because patiently you can keep yourself from doing cutlose or selling at a low price, without patience, of course you will play emotionally and it will cause losses like easy to panic..
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With cryptocurrency trading one needs to learn the methods that help in overcoming the emotional failure. Because when a trader takes a decision with a emotional force and in a relaxed mood has got difference. Probably the decision taken with emotional force most of the time leads to fall than growth.
Getting emotional for your money is normal but minding it for so long isn't. Getting rid of your emotions while trading might broke you. The right way to manage it is to control it example trading dedicate yourself into giving you heart and mind to pick the best suited for you being emotional on your loss won't give you knowledge instead learn from your mistakes and strong dedicate yourself from learning and soon controling your emotions will be natural.
I would agree that it's normal, and you can't really stay away or be a rock and not be emotional about doing things, I think the better term is not to "get rid" but to control it in such a way that it would not have any significant effect on how you decide on things, whatever the situation is, especially when you are losing some investments or even after losing a trade. The more you can handle and control your emotions, the better your eyes can see things objectively, and having that keen and open eye, could guide you to choose better deals that nonetheless would be difficult if you are blinded by emotion.
Emotions during trading will brings you failure better have a self confidence and control your emotions when trading. Focus on your goal to earn profit. Always comes in the mind to earn profit and dont be too emotional accept the risks in trading.
You can never completely free yourself of emotions, but you can prevent them from leading us to make rash choices: self-control is always important, but when you're a trader it's absolutely indispensable.
The red arrows on the chart accompany all the fears of failure that rush through our brains in nanoseconds but you can learn to control your actions and emotions with a solid trading plan and by keeping yourself productive.
stifling emotion when trading is difficult for beginners because trading in crpto you must be able to manage the emotions and the key to successful trading in crypto is patient.
The control of your emotions is critical, how many people do you see every day that are great people but that always take decisions because they let their emotions do the thinking instead of the logical part of their brain, I know it is difficult but you need to get rid of them or they will get rid of all your money that you have in your trading account.
To my mind, this is the best way to trade-when you don't have many emotions as they may prevent from thinking logically. you should do your best to avoid any kind of emotions, especially those which are too strong
The most important thing for the investor is to have patience. Many newcomers rush to make a profit and are mistaken on this.
Active emotional detachment:
There is something called Tilt in Poker. Some players will actively try to insult players after bad beats to make the go tilt, or "emotional". This will result in very bad decision making. Maybe you remember Zinedine Zidane in his very last World Cup Game, head butting the italian player and getting sent of the pitch with a red card. The worst possible outcome. TILT.
If you still feel like you get emotional about trades, there are a few things you can do: Lowering your margins, lowering your leverage, take a break, breathing exercises, watch your favorite series or listen to music. Get a little distance to your trades, before continuing. NEVER trade on TILT.
How are you dealing with your emotions? Anything to add or to take away from this?
There is something called Tilt in Poker. Some players will actively try to insult players after bad beats to make the go tilt, or "emotional". This will result in very bad decision making. Maybe you remember Zinedine Zidane in his very last World Cup Game, head butting the italian player and getting sent of the pitch with a red card. The worst possible outcome. TILT.
If you still feel like you get emotional about trades, there are a few things you can do: Lowering your margins, lowering your leverage, take a break, breathing exercises, watch your favorite series or listen to music. Get a little distance to your trades, before continuing. NEVER trade on TILT.
How are you dealing with your emotions? Anything to add or to take away from this?
This one in particular is especially useful. Understanding that a loss is a loss and nothing more. Then move on and live for today.
This is where a lot of traders (myself included) have failed. I've blown my account just because I thought that I could "get even" or "make up for" a loss. Luckily, that account represented less than 10% of my net worth, so it wasn't a critical mistake. The second part of effective trading that goes with emotional management is not putting too much into the game. Risk management is just as important, if not more important than emotional.
Also, I wouldn't say "how to get rid of emotions" because we are human and can never truly get rid of them. This creates the impression that we should be fighting them. Instead, we need to accept, acknowledge, and proceed.
Trading with emotion is bad. This affect newbies who are new to trading. Imagine applying emotions simply because you are loosing and you want to gain your money back. One must put this feelings aside
Belief will help you have a strong psychological and overcome the dominant emotions. Trade in many stages where the market tends to be different. Increase and decrease as a habit is seen every day on the trading floor. It's not strange. You will control your emotions when you put your trust in the right place.
Accept those losses as the oppurtunity to learn. The market is all about money, people win and lose.That's why it's really important to start small, manage your risk/reward ratio, and make sure you learn the fundamentals.
A lot of us probably lost whats called emotions ever since we stepped into crypto 
I myself always try to not get too excited when I get some profits, and never get too depressed when I suffer from a loss. Accept those losses as the oppurtunity to learn. The market is all about money, people win and lose.
I keep telling to myself Its a job not a playground to have fun so I totally ignore emotions.
I myself always try to not get too excited when I get some profits, and never get too depressed when I suffer from a loss. Accept those losses as the oppurtunity to learn. The market is all about money, people win and lose.
I keep telling to myself Its a job not a playground to have fun so I totally ignore emotions.
Just as the saying goes, practice makes perfect. Speaking from my personal experience, it's normal to feel really emotional especially as a newbie in trading. That's why it's really important to start small, manage your risk/reward ratio, and make sure you learn the fundamentals. I'm not really gonna go in detail here but little by little you'll feel more numb (less emotional) for losing a trade as time goes when you know you can basically earn back those loses.
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