Topic: How to get rid of emotions when trading - page 15. (Read 3936 times)
You need to control and harness your emotions nor get rid of them. Getting rid of your emotions is not only impossible its probably dangerous. I think the more experience you gain from trading will help greatly on the emotional issues that one faces while trading.
You simply can't get rid of those emotions. That's the honest truth. Emotions are part of who we are abd you simply can't do a keep it away. The only thing you can do is to manage the disappointment you would feel. Naturally, you're bound to have feelings. However, to minimise the feelings, you should do well not to become too attached or sentimental about a particular Cryptocurrency.
I think we need to tighten our mind and feelings when trading. Don't let our emotions dictate what we will do. And don't easily go with the flow in the market.
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.
Usually I'm trying to get out of my personal computer going into park or something like that might be on the roof, because I need to spend some time with myself trying to keep calm and passive.
The condition of each person during trading is difficult to describe and even more difficult to understand. Each of them is individual and in the same situation 2 different people will act quite differently - it is the law.
In addition, emotions are affected by the amount of capital which is controlled by a person if 100 dollars he is ready to lose that amount of 1000 dollars no one wants to lose and in the same situation managing different amounts even one person will act differently.
This process is difficult to control but you need to learn to manage your emotions because it affects the strategy of your trade.
In addition, emotions are affected by the amount of capital which is controlled by a person if 100 dollars he is ready to lose that amount of 1000 dollars no one wants to lose and in the same situation managing different amounts even one person will act differently.
This process is difficult to control but you need to learn to manage your emotions because it affects the strategy of your trade.
Our brain is hardwired to go into a fight or flight mode under stress, resulting in emotional responses like greed (taking too large risks), anger, fear (panic-closing) or fear of missing out. While this is a good thing when fighting lions in the savannah, it is a horrible thing when trading, and you need to make smart decisions and keep to your plan to keep making profits.
This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?
Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.
Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.
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?
This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?
Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.
Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.
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?
Getting too emotional in trading might affect your way of decision making. It is better that you know how to handle or control your emotions because if we'll depend our emotions on the changes in the market, it would be too risky. Let's just be hopeful about the market.
Best way to get rid of emotions lies in the planning process of trading in advance as much as possible before entering them and each time put the type traded briefly why you put it
In order to be optimistic and objective you need to focus more on your preparation and selfishness, you can prepare the content of the transaction and do not let anything beat yours not stress
Emotions are necessary to feel every time you are trading because it always good to have a doubt but the best thing to do is always study about the market situation before doing some drastic decisions.
Our brain is hardwired to go into a fight or flight mode under stress, resulting in emotional responses like greed (taking too large risks), anger, fear (panic-closing) or fear of missing out. While this is a good thing when fighting lions in the savannah, it is a horrible thing when trading, and you need to make smart decisions and keep to your plan to keep making profits.
This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?
Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.
Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.
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?
Emotions are normal, as long as you’re a human being (unless you’re not) you can’t avoid the emotions, the only thing you can do is learn to control your emotions. Try to understand that there will always be profit and loss, you can’t be having only profit alone, but failure is never the end of anything. This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?
Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.
Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.
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?
It’s all just for you to learn and take corrections and step up your games to be more of a winner than a loser. So just accept the fact that you will sometimes see loss and that there are risks involved. And start working very hard.
In order to be optimistic and objective you need to focus more on your preparation and selfishness, you can prepare the content of the transaction and do not let anything beat yours not stress
Our brain is hardwired to go into a fight or flight mode under stress, resulting in emotional responses like greed (taking too large risks), anger, fear (panic-closing) or fear of missing out. While this is a good thing when fighting lions in the savannah, it is a horrible thing when trading, and you need to make smart decisions and keep to your plan to keep making profits.
This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?
Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.
Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.
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?
This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?
Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.
Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.
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?
I liked your analogy with 'fighting lions in the Savannah'
Still... yes, we should control our emotions during trading, but worrying is a part of human nature. We can't eliminate that totally. We can only learn how to behave in one or other situations, or suppress our emotions for a while. At the same time it is quite possible to control ourselves. For example I only trade when I’m in a good mood and nothing bothers me, it increase chances that I’ll keep on being calm. The best way to get rid of emotion is to have a plan and you should just stick to it, you know how much you need and wat you need to do to achieve this. If you would try to do so, you will see a great result. Without planning it is difficult to trade, because you would be emotionaly unstable, because you just know how much you need and what you need.
I agree with you if you trade with plan and systematic then surely we can surely earn good and most important is that don't ever think about past loss and just trade with current situation which will always give you profit
The best way to get rid of emotion is to have a plan and you should just stick to it, you know how much you need and wat you need to do to achieve this. If you would try to do so, you will see a great result. Without planning it is difficult to trade, because you would be emotionaly unstable, because you just know how much you need and what you need.
To get out of emotion when trading, only way is that you should supplement yourself with a lot of knowledge. When you have investment knowledge, then you remove from the emotions when trading.
If you always worry about the market, this will make you make wise decisions, but if you invest, but reduce the number of tracking prices will make your mind more stable.
Some people can control their emotions. They can stop the panic anytime. They can find good things in the worst situation, and whatnot. As for me, I am always trying to be very positive, and it helps me.
In my opinion, I have been reading articles about discipline and how to control your emotions when trading. From experience, the best way to get rid of your emotions when trading is to have a strict and effective trading strategy and you have to be disciplined about it to the core. This is one of the ways to detach emotions from trading
Yeah maybe the way out you should to have a plan and a strategy and you have to be disciplined in following the plan or strategy you make. so you will not be out of control or play emotionally. because you play according to your strategy
In my opinion, I have been reading articles about discipline and how to control your emotions when trading. From experience, the best way to get rid of your emotions when trading is to have a strict and effective trading strategy and you have to be disciplined about it to the core. This is one of the ways to detach emotions from trading
Yeah maybe the way out you should to have a plan and a strategy and you have to be disciplined in following the plan or strategy you make. so you will not be out of control or play emotionally. because you play according to your strategy
Be confident with yourself that you've done a good decision with your investment. Just look on the brighter side that the market will getting better soon.
In my opinion, I have been reading articles about discipline and how to control your emotions when trading. From experience, the best way to get rid of your emotions when trading is to have a strict and effective trading strategy and you have to be disciplined about it to the core. This is one of the ways to detach emotions from trading
Every traders will always felt something when the market prices are dropping so there's no way for people to get rid of emotions because it was necessary to felt it, the best thing to do is just hold your coins to avoid losing your investments.
You have mentioned all the important aspects to it, including preparation, checklists, process orientation, and active emotional detachment, but I guess there's one tiny detail I'd like to add. In addition to breathing exercise, jogging would be a must. Take my word 
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