I know traders who have studied a lot, but they were not able to turn off their emotions because of what they lost their money. If you can't cope with your greed, then you better not start trading
Greed is one thing that will block us from becoming profitable traders.Yes it's really hard to fight against our own emotions but as a trader,we should learn how to control our own emotions so that we can do trading almost perfectly and end up trading a profitable one. 
Topic: New to trading? Learn to be an emotionless trading machine (Read 1676 times)
I know this may sound somehow impossible for some, but really, to be successful in trading, you need to have the mind of a machine. Now, you cannot have this if you do not have a strategy and you cannot have a strategy if you do not take your time to learn.
Let me explain myself better, for instance, when using trading robots, you input your strategy, and they do it better because there is no emotion attached to it, except that they just do exactly what they are programmed to do. You cannot do well without a strategy and you cannot do well too when you keep changing strategies over and over again.
Learn, get a strategy, build on it, and then trade it like a pro. It is imperative that you get to see trading as a profession, which would always make you to see yourself having to let your strategy play out than letting your emotions rule you, which I believe most new traders are guilty of.
What makes you even better than a machine is the fact that you can think, you can fine tune your strategy with experience you keep gaining over time, but when it comes to never letting your emotions come before your strategy, you need to be like a trading machine.
Let me explain myself better, for instance, when using trading robots, you input your strategy, and they do it better because there is no emotion attached to it, except that they just do exactly what they are programmed to do. You cannot do well without a strategy and you cannot do well too when you keep changing strategies over and over again.
Learn, get a strategy, build on it, and then trade it like a pro. It is imperative that you get to see trading as a profession, which would always make you to see yourself having to let your strategy play out than letting your emotions rule you, which I believe most new traders are guilty of.
What makes you even better than a machine is the fact that you can think, you can fine tune your strategy with experience you keep gaining over time, but when it comes to never letting your emotions come before your strategy, you need to be like a trading machine.
In the first place dude, We are not a robot. I'm not saying your wrong about you mentioned in the above, but all of what you just said is not that easy. As a traders We really, really need time to spend with learning. You cannot learn it in one day only, you heard it now, and then tomorrow you know all, of course its not like that.
I know traders who have studied a lot, but they were not able to turn off their emotions because of what they lost their money. If you can't cope with your greed, then you better not start trading
You can not possibly be a machine trading human if you are still a human that have emotions. There will be emotions at least. But all you have to do is be good and try to control your emotions.
Yeah right, we’re still humans it is very impossible to be emotionless, I think it is about having self control because if you don’t control your emotions most of the time it will only lead to bad decisions and bigger problems. Based on what i’ve read here self control is the key to be successful in gambling, it maybe simple to hear but difficult to do, it needs a lot of work to achieve it.
I know this may sound somehow impossible for some, but really, to be successful in trading, you need to have the mind of a machine. Now, you cannot have this if you do not have a strategy and you cannot have a strategy if you do not take your time to learn.
Let me explain myself better, for instance, when using trading robots, you input your strategy, and they do it better because there is no emotion attached to it, except that they just do exactly what they are programmed to do. You cannot do well without a strategy and you cannot do well too when you keep changing strategies over and over again.
Learn, get a strategy, build on it, and then trade it like a pro. It is imperative that you get to see trading as a profession, which would always make you to see yourself having to let your strategy play out than letting your emotions rule you, which I believe most new traders are guilty of.
What makes you even better than a machine is the fact that you can think, you can fine tune your strategy with experience you keep gaining over time, but when it comes to never letting your emotions come before your strategy, you need to be like a trading machine.
Let me explain myself better, for instance, when using trading robots, you input your strategy, and they do it better because there is no emotion attached to it, except that they just do exactly what they are programmed to do. You cannot do well without a strategy and you cannot do well too when you keep changing strategies over and over again.
Learn, get a strategy, build on it, and then trade it like a pro. It is imperative that you get to see trading as a profession, which would always make you to see yourself having to let your strategy play out than letting your emotions rule you, which I believe most new traders are guilty of.
What makes you even better than a machine is the fact that you can think, you can fine tune your strategy with experience you keep gaining over time, but when it comes to never letting your emotions come before your strategy, you need to be like a trading machine.
In the first place dude, We are not a robot. I'm not saying your wrong about you mentioned in the above, but all of what you just said is not that easy. As a traders We really, really need time to spend with learning. You cannot learn it in one day only, you heard it now, and then tomorrow you know all, of course its not like that.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Be careful with your emotion because you will lose control if you are following the market without any calculation. You will feel difficult to analyze the price and determine the good time to enter the trading. You need to learn to control yourself so you can control your emotion in every time you trade. Don't forget that you must obey your own rule, so you don't miss anything in trading.
While I do without trading robots and it is much easier to put new orders to buy and sell, as the goal in numbers may vary
You are indirectly telling us that only ROBOTs can be an emotionless trader, anyway, it seems you are right to some extent, we are humans and in as much as we have human nature, we will always put emotion forward. What makes us a better beings than animals is because we have the ability to control our emotion, everything is right there in our mindset, if we really don’t want to be greedy, we can achieve this if we put the whole of our mind to it, otherwise, it will be better we just make use of trading BOTS as you said if we are too weak to control of greed and emotion, but to me, nothing too difficult here to control ones greed level.
Is always easier said than done, people put emotion because they put their money on the line and sometime emotion can be dark cloud when it comes to making decision. Is okay to have emotion in it but don't let it affect your judgement.
Emotions in crypto trading should be all excitement and nothing else because all you need is to deal and lead the process according to the real flow of it by applying the strategies it involves. But make sure you have learnt all the technicalities and necessary basic knowledge is a must learn factor. Whether trader is professional one or not s/he should get the knowledge to deal with things with optimistic approach. 
Actually, being an emotionless trader is difficult. I also make some adjustments regarding with my trade right now. In fact, I lost my interest today because I am waiting for bitcoin to move down and direct to my bias but it seems like it won't happen. I would like to say that you cnanot fight with your emotion but you can learn how to adapt certain changes in just improve yourself in trading.
It is simply impossible. I have never seen one person who trades without any emotions. You can control them, yes, it is another pair of shoes. Simply try to stay a realist - this will help you a lot in life.
Actually, being an emotionless trader is difficult. I also make some adjustments regarding with my trade right now. In fact, I lost my interest today because I am waiting for bitcoin to move down and direct to my bias but it seems like it won't happen. I would like to say that you cnanot fight with your emotion but you can learn how to adapt certain changes in just improve yourself in trading.
It is simply impossible. I have never seen one person who trades without any emotions. You can control them, yes, it is another pair of shoes. Simply try to stay a realist - this will help you a lot in life.
Is always easier said than done, people put emotion because they put their money on the line and sometime emotion can be dark cloud when it comes to making decision. Is okay to have emotion in it but don't let it affect your judgement.
It is human nature to be emotional so if you are being emotional try to make your way positively, there are two kind of emotions being emotional positively, be happy for the growth of your trading coin and being happy about falling price so you can buy cheaper, being happy to get quick profit and sell at panic, or being worried about falling price and selling quickly, so both matters I think everyone should be positive. 
While I do without trading robots and it is much easier to put new orders to buy and sell, as the goal in numbers may vary
Emotions always get in the way of focus. Therefore it is necessary to try to adhere to the strategy and not to go on about the emotions.
A very good suggestion, but we have to be realistic, it's not very easy to trade like a machine without using emotions, because we are humans who certainly have a feeling of dissatisfaction and greed
Probably the biggest problem that people have is not emotion or keeping them out, it is they really take trading like a serious job, they use it as their main source of income and they leave their real life jobs for it, since crypto is really unpredictable you should not do that you should make it as an extra money making, once you truly believe that and you do it, your emotion will stop affecting your trades and you start making more right decisions and profit.
Be a machine like computers when we trade, emotions should be out of the code and picture. Once we let our emotion beats us we might not even return in trading. Better be a computer that program to be set on such limit and work on what been plan and studied.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Is always easier said than done, people put emotion because they put their money on the line and sometime emotion can be dark cloud when it comes to making decision. Is okay to have emotion in it but don't let it affect your judgement.
As long as people can control the emotion in trading, I am sure they will find, and they will see their chance to get the profit. But yes, many people are losing control if they see the market moves too fast and that will make an instant decision without thinking the good and the bad thing that they will get after that.
Is always easier said than done, people put emotion because they put their money on the line and sometime emotion can be dark cloud when it comes to making decision. Is okay to have emotion in it but don't let it affect your judgement.
Of course it is easier said than done and in many cases, new crypto enthusiasts find it very hard to keep emotions aside and focus entirely on trading coins with strategy and good plans during market crash. Therefore it is important to have some good ways of dealing the tension when there is a crash in the market or it all ends up in loss. 
Is always easier said than done, people put emotion because they put their money on the line and sometime emotion can be dark cloud when it comes to making decision. Is okay to have emotion in it but don't let it affect your judgement.
That is right, emotion is what was created in us naturally, and so long money is involved, emotion will never ceased to come to play. The way we control our emotion is what we should be looking at, because if we honestly don’t control our emotion, it will consume us. This has also affected me in my trade recently because I have been applying emotion to my trading which has been making me to miss several opportunities I have had to place my order and also sell my order. This is one of the reasons why I resulted to using one of the good BOT we have in the market, because those are the only thing that can trade emotionlessly because they have none.
I do not know even one person who is this emotionless trader. The machine can probably cope with these tasks but not real people. yes, we need to control emotions but we cannot get rid of them.
That will need experience for years to become an emotionless trader, and it's hard to do that. Every people will have their emotion and if that is related to trade, then they will trying to control the emotion so it will not interfere with their trading. Human will have difficulties to prevent to do something without emotion because we have an emotion that always inside us, and if we want to become emotionless, then we need to learn hard.
Jump to: