For me what I'm doing is simply set aside my feelings instead i focus on earning i set my mind on the strategies i am dealing witj because wayback i am a victim of emotion turns into panicking and losing my money thats why now maturing is what im implementing to mu trading works and happy to say that i am successful on this method
It's a matter of mindsetting and learning how to manage crisis. We get to be overpowered by our emotion sometimes, but we must realize that if we let it overruled then it would only yield negative outcome. Risks and losses are innately part of trading industry, so we must be strong, patient, positive, hopeful, and gain important knowledge and skills. 
Topic: How to get rid of emotions when trading - page 26. (Read 3936 times)
I just think that what makes the difference is our trade experience.we would be able to keep calm during the deep and make right decisions during uncertain situations.
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.
As for me , being emotionally ready for the changes here in crypto world is so important because through it , we would be able to keep calm during the deep and make right decisions during uncertain situations. Handling our emotions matters in every aspect of our lives.
Emotions are absolutely normal. No one says that you should not have them at all. Emotions are the primary reaction of any person to changing circumstances. But you need to try to make sure that there is not too much emotion. When emotions fill you too much, then you commit rash acts. In trading this is unacceptable.
My advice is don't brag too much on the coin you have because you are placing a bit of your pride in there. And we humans sometimes are egotisitical, and we want to prove ourselves right and that happens to the altcoins you don't want to sell that is not about the profit anymore.
It's not a matter of completely disregarding our emotions, but more of a matter in controlling them and knowing when they are helping or hurting us while trading. Emotions are at the very exhistence of human nature and they can certainly help us in our decision making process. We all have to realize and come to terms with knowing there are going to be many gains in this process and there will also be many losses as well.
For me what I'm doing is simply set aside my feelings instead i focus on earning i set my mind on the strategies i am dealing witj because wayback i am a victim of emotion turns into panicking and losing my money thats why now maturing is what im implementing to mu trading works and happy to say that i am successful on this method
to get rid of emotions in the trade, one solution is to keep the feelings, we should not be too carried away feeling in any case especially in trade, we should be able to think cold and be patient, because that makes the emotion culminating in the trade is when the price goes down and we are afraid to lose , when this is usually someone can not stem their feelings and emotions.
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 agree. Money and the idea of gaining or losing it does carry some emotion to it that is surely normal for any human or person to deal with. So, I think that the better word is not 'get rid' but control. When trading, one should keep his emotions in check to avoid getting too worked up with any one trade. Instead, one should see sny venture with an objective eye to help him decide what is the better plan of action is.
Using an amount of money that you don't mind losing can help tremendously with emotions. Sticking to your trading strategy also pretty much gets rid of emotion as long as you are following 100% of the times, which you should, it's really the only way to make money.
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 agree. No one can take away emotions. And hell there is no trader that have not lost anything. Pro traders definitely got their skills by experience and I mean with losses too. The only thing you can do is prepare your self and gain any knowledge you can have to make a sound decision. If you fail once, it does not mean you can not try anymore. Trader always takes risks either they do this in years or newbies. The difference is that they already know how to adapt and newbies can suffer depressions at first fails.
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?
Had to control myself on not watching the price now and then so that I won't be triggered to some circumstances that would lead me to wrong decision. I don't wanna see the current price and kept telling myself everything will be fine.
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 agree. Money and the idea of gaining or losing it does carry some emotion to it that is surely normal for any human or person to deal with. So, I think that the better word is not 'get rid' but control. When trading, one should keep his emotions in check to avoid getting too worked up with any one trade. Instead, one should see sny venture with an objective eye to help him decide what is the better plan of action is.
The only strategy it work for me is to remove all speculations from my trading mind. When I sit to trade, I focus on what is before me and not what I want the market to be. With this in mid, I am able to make maximum profit or minimize risk, as early as possible.
I think experiance is the best way to put your emotions aside when trading. There is no such thing you Will not have emotion at your first trades.
Best thing is for you to establish a system that suits you and than stricly follow it for entry trades and out trades. When you stricly follow the rules no mather what then emotions are no longer playing so important part of your trading.
Good trades to all…..
In order to be able to control the emotions, investors need to have a proper investment strategy and distribution plan so that investors always take the initiative in making the right investment plan. The market is very volatile so long-term investment plans are needed at this time.Best thing is for you to establish a system that suits you and than stricly follow it for entry trades and out trades. When you stricly follow the rules no mather what then emotions are no longer playing so important part of your trading.
Good trades to all…..
The volatility that crypto has indeed makes the plan hard to implement. Emotions mostly will take control. Through experience we may able to reduce our emotion while meet the bad market conditions.
Always try to have a break for hour or two, when market acts weird and when im starting to loose my investments,
cause when you loose some, you train to gain it as soon as possible, thats a wrong strategy
cause when you loose some, you train to gain it as soon as possible, thats a wrong strategy
Sometimes you need emotions when trading, as it allows you to understand the emotional market sentiment, however for the most part, it leaves you hanging onto bags which you would otherwise have dumped at the first sign of trouble. The truth is, you should keep a balance between the two, particularly when trading more volatile coins. You probably don't need to use much emotion when trading Bitcoin or Ethereum for example. That's probably why it's best for emotional people to try hands off approaches, so they don't screw themselves over.
I don't know what's your definition of emotion but you certainly don't need emotion to understand market sentiment, you need knowledge. There is no such thing as using emotion here. In other fields it can work, like rage or anger in combat sports for example. I don't see how you can use emotions in this field, though.
It's so sad that a lot of people finally learnt how to hodl/trade well and then suddenly the market crashed for months 
I think experiance is the best way to put your emotions aside when trading. There is no such thing you Will not have emotion at your first trades.
Best thing is for you to establish a system that suits you and than stricly follow it for entry trades and out trades. When you stricly follow the rules no mather what then emotions are no longer playing so important part of your trading.
Good trades to all…..
In order to be able to control the emotions, investors need to have a proper investment strategy and distribution plan so that investors always take the initiative in making the right investment plan. The market is very volatile so long-term investment plans are needed at this time. Best thing is for you to establish a system that suits you and than stricly follow it for entry trades and out trades. When you stricly follow the rules no mather what then emotions are no longer playing so important part of your trading.
Good trades to all…..
Agree on these 4 things you had mentioned.
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
This is effective but totally be messed once your mindset would be broke out by a particular thing.If you do follow a protocol and you failed it up then negativity will surely be molded up.
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
This is effective but totally be messed once your mindset would be broke out by a particular thing.If you do follow a protocol and you failed it up then negativity will surely be molded up.
Do not look at the charts all day. now I know that most of the mistakes I made at these moments, without doing anything useful, I watched the price of my investments - it made me worry and make unnecessary deals, and this is exactly what you shouldn`t do. Sometimes the best thing to do is put a limit order and close the terminal. Trust your strategy and remember - to trade without strategy means just playing roulette.
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