Topic: New to trading? Learn to be an emotionless trading machine - page 3. (Read 1676 times)
controlling emotions is the most important and difficult thing when you get a lot of loss, but when you start with money that can be lost which aims to analyze what happened, then i think that you will be more able to control emotions and certainly better than robots or machines what you mean, then it will be better when you trade
Better try to understand the emotions of others than completely avoiding it because if we want to be profitable the other traders need to be in loss so when other makig mistakes you have to take advantage which is possible by understand the emotions of common traders.
Well, I think that in the crypto business, no one is a friend, everyone want to make and build their own profit and thus act to serve themselves only. This gives rise to lust for profits and that is why Bernard Mandiville wrote his famous poem about.I strongly believe from my own experiences that newbies in the crypto need to learn everything before becoming part of the market. Without this, it’s not just possible to make money here no mater how many people guide you. Being emotionless while trading will be possible only after intensive practice for months, hence in-between time they will be no more newbie in "actual trading world".
For a beginner I think it is unavoidable for them to become emotional if they do trade in the market. Perhaps, it is very usual things I guess to encounter that. And I doubt that we cannot use our emotions when we do trade in the actual market, it is useful actually as long as we apply it in the proper way.
Well we often have listened this proverb, distant drums sound well. This is all the story of trading. People often think it is quite easy to go in here and start selling and buying with golden rules of sell high and buy low.But, its quiet an opposite scenario here. Seconding your point, trading do involve harsh times and you really have to distant emotions in the game. Else, colossal losses would welcome you at the end of day.
Whatever the OP has written is 100% correct and my own trading experience during the last 7 years prove it. Whenever I maintained strict targets for profit booking and stop loss, I ended up with nice profit. But when I allowed emotions to overcame me (or perhaps greed got in to my mind), some of my trades gave me very heavy losses.
a trader should not bring emotional feelings because it will affect their calculations and choices. for example if you have done the analysis, and you want to get a bigger profit and you obey it, even though your technical analysis requires you to sell. You must be like a machine, thats why many bots are in trading 
Whatever the OP has written is 100% correct and my own trading experience during the last 7 years prove it. Whenever I maintained strict targets for profit booking and stop loss, I ended up with nice profit. But when I allowed emotions to overcame me (or perhaps greed got in to my mind), some of my trades gave me very heavy losses.
Its obvious when we want to make more and more profits we are going to be loss because after huge bump there will be dump on the price if we didn't get it at the right time we will lose our timely profits. 
Whatever the OP has written is 100% correct and my own trading experience during the last 7 years prove it. Whenever I maintained strict targets for profit booking and stop loss, I ended up with nice profit. But when I allowed emotions to overcame me (or perhaps greed got in to my mind), some of my trades gave me very heavy losses.
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.
but it is not possible in any time we need definitely the emotions to be controlled but in sometimes it will not been in our hands to control the emotions and it will definitely effect that trading for some time to to make it successful but if we had the emotions in our mind we are more careful about what we are doing. 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 order to become a successful trader you have to work a long way. Learning is the most important thing to start with. Without knowledge you will make mistakes. But if you learn to draw conclusions from them, everything will be fine.
I agree. Mistakes makes you learn in trading. I learned from it the hard way when ANTS change to NEO, the price skyrocket and I didn't sell when the price is at peak, I continue to hold on it. It was too late when I decided to sell when I see that price is starting to be stable and price continue to go down because of the China fake news.Yeah, it is good instance and i hope you will know that in trading sometime we follow the rumors and fake news, but our bad experience also move us in good way. Not only in trading we faces these circumstances in every field of earning.
For a beginner I think it is unavoidable for them to become emotional if they do trade in the market. Perhaps, it is very usual things I guess to encounter that. And I doubt that we cannot use our emotions when we do trade in the actual market, it is useful actually as long as we apply it in the proper way.
Well we often have listened this proverb, distant drums sound well. This is all the story of trading. People often think it is quite easy to go in here and start selling and buying with golden rules of sell high and buy low.But, its quiet an opposite scenario here. Seconding your point, trading do involve harsh times and you really have to distant emotions in the game. Else, colossal losses would welcome you at the end of day.
In order to become a successful trader you have to work a long way. Learning is the most important thing to start with. Without knowledge you will make mistakes. But if you learn to draw conclusions from them, everything will be fine.
I agree. Mistakes makes you learn in trading. I learned from it the hard way when ANTS change to NEO, the price skyrocket and I didn't sell when the price is at peak, I continue to hold on it. It was too late when I decided to sell when I see that price is starting to be stable and price continue to go down because of the China fake news.Yeah, it is good instance and i hope you will know that in trading sometime we follow the rumors and fake news, but our bad experience also move us in good way. Not only in trading we faces these circumstances in every field of earning.
Every newbie trader should read these points we should nt be greedy to book profits one thing i believe in crypto trading is market gives every time new opportunity which we should be aware of it and wait for right timing
I don't know how to be emotional in trading my opinion is putting 100% effort will give you the payback for your work otherwise emotions are not making you stronger or weaker but making some goals always giving you to put some extra effort for your goals.
As long, as you already established your risk appetite and the desired ROI then emotions wont be a factor over time. The emotion shall play only during deciding the investment strategy. 
For a beginner I think it is unavoidable for them to become emotional if they do trade in the market. Perhaps, it is very usual things I guess to encounter that. And I doubt that we cannot use our emotions when we do trade in the actual market, it is useful actually as long as we apply it in the proper way.
Well we often have listened this proverb, distant drums sound well. This is all the story of trading. People often think it is quite easy to go in here and start selling and buying with golden rules of sell high and buy low.But, its quiet an opposite scenario here. Seconding your point, trading do involve harsh times and you really have to distant emotions in the game. Else, colossal losses would welcome you at the end of day.
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.
experience is indeed the main key in trading in order to be able to put in place a mature strategy in trading, someone who is already accustomed to trading because it is based on his experience, they certainly can better understand the market situation and can control emotions when trading.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.
that will take away those worries on how you do execute your trades.If you're confident on what you are doing then most likely emotions
wont really set-in since you do know on what you are doing.
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.
experience is indeed the main key in trading in order to be able to put in place a mature strategy in trading, someone who is already accustomed to trading because it is based on his experience, they certainly can better understand the market situation and can control emotions when trading. 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.
I don't know how to be emotional in trading my opinion is putting 100% effort will give you the payback for your work otherwise emotions are not making you stronger or weaker but making some goals always giving you to put some extra effort for your goals.
Its good for you not to be more emotional, we just need to act like this all the time. In trading we only focus on what we have planned for and for sure we don’t want to lose money at all so set aside your emotion for a while. The trading is not an easy job, it also need a lot of effort and works for you to succeed.
This is a very good idea because I would not allow anyone trade base on their emotion of how they feel about the market, because emotions will always fail you since the market don't care about your emotions but rather your expertise.
I think it's good to learn how to take technical and fundamental analysis about the market before going to trade in the market so that you can enter with confidence instead of emotions, emotions is very bad even in relationship, so can't be good in trading lol.
I think it's good to learn how to take technical and fundamental analysis about the market before going to trade in the market so that you can enter with confidence instead of emotions, emotions is very bad even in relationship, so can't be good in trading lol.
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.
Have an experience in it and yes, emotions do bring nothing when we are into business. Its just the business and need to screw up more in it to grow the business with more profits. Hence, just learn controlling emotions and this should certainly make you a successfully trader.
I don't know how to be emotional in trading my opinion is putting 100% effort will give you the payback for your work otherwise emotions are not making you stronger or weaker but making some goals always giving you to put some extra effort for your goals.
Its good for you not to be more emotional, we just need to act like this all the time. In trading we only focus on what we have planned for and for sure we don’t want to lose money at all so set aside your emotion for a while. The trading is not an easy job, it also need a lot of effort and works for you to succeed. It is not like having no emotions but it is like learning how to control your emotions when price falls, and being patient at the time of dip, holding is wise decision, so to avoid being emotional a new trader should learn all trading rules and get along with market condition like try to buy at low price and hold with patience.
Even if you learn the rules and learn TA's and read those graphs and candle sticks if you don't learn how to control your emotions, you will end up losing your capital in trading. I don't know what exactly is the ratio between knowledge and emotion in terms of trading but I would say in trading 60% goes to your emotion and 40% goes to knowledge. Even if you knows a lot about trading but you can't control your emotions, you will loose in the long run. Jump to: