Topic: New to trading? Learn to be an emotionless trading machine - page 5. (Read 1676 times)
it must be in trading, do not ever use emotion because it will destroy your trade, because there are many people who have been destroyed because of the feeling of emotions in trading that can not be controlled. My advice in trading is that we don't use emotions and don't be influenced by what people say and news in cyberspace
Its been two years since i started trading on crypto. Before that, I used to trade commodities and forex. That experience somewhat helped me here. When I am trading, I would stick to only one strategy. I won't mix up and confuse myself using different strategies. As you said, don't put emotions before strategies. I always have the second thought when trading. "What would happen if this goes wrong", I must say that I have missed some really good trades thinking this.
Trading is the one that provides with the biggest earning depending upon the investment made. Newbies always have a thinking to make a big money out of trading. When this gets away from the prediction automatically the user gets disturbed emotionally. As the thread states one need to be emotionless to be successful through trading.
When you are a newbie in trading, you can't prevent that your emotion will prevail over. You can't control your emotion when you are a newbie in trading so its normal but I think there are some newbie traders out there who are just starting and yet they are emotionless immediately.
There are times when I'm trading that my emotion is controlling me and as a result, I almost lost half of my trading funds and after that losses I promised that I will be emotionless with regards to trading and now I'm getting profits although they are small only.
There are times when I'm trading that my emotion is controlling me and as a result, I almost lost half of my trading funds and after that losses I promised that I will be emotionless with regards to trading and now I'm getting profits although they are small only.
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.
Emotions in trading are things that need to be avoided, trading requires calm because every decision we make will surely have different results. A Trader must continue to learn to see the situation and circumstances, they must also continue to practice so that the experience will continue to increase. With experience and expertise, a Trader can be successful.When ever you making a financial decision you need to avoid emotions, but no matter are you a beginner or professional you can`t totally kill emotions, you will be a machine not human. Why would you learn to be a machine and trade like a machine? For that you have trading bots, but trading bots will not tell you to invest in some coin where you can make huge profit. In crypto you need to turn on your brain, think hard, analyse everything you can and in the end you still need to face with many risks. That part where you are facing with risks is emotional by itself, learn to be strong and to believe in your decisions made with clear head.
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.
Emotions in trading are things that need to be avoided, trading requires calm because every decision we make will surely have different results. A Trader must continue to learn to see the situation and circumstances, they must also continue to practice so that the experience will continue to increase. With experience and expertise, a Trader can be successful. Being emotionless when doing some trading is very impossible. It's really hard to disregard our feelings but we can actually lessen the unwanted emotions. For example, let us just set a goal in our mind, we can reduce stress or even panic and regret feeling in order to become a successful trader. Remind one self that bad vibes will also lead our trading a mess one.
Exactly.We will really find it hard to trade even without emotions involved but as much as we can,we will minimize trading with emotions because it will only destruct one's trading.And yes,having positive minds will also create a positive outcome and thus will lead to make a maximal profit at the end of the day.
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.
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.
I think emotion makes a person to trade evidently because there is no motivation there will be no excitement in your life and it will not stay for a long time also so if you have some emotion it will makes you to trade with some more extra effort I think it will be good for some people to gain huge success. 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.
Being emotionless when doing some trading is very impossible. It's really hard to disregard our feelings but we can actually lessen the unwanted emotions. For example, let us just set a goal in our mind, we can reduce stress or even panic and regret feeling in order to become a successful trader. Remind one self that bad vibes will also lead our trading a mess one.
Exactly.We will really find it hard to trade even without emotions involved but as much as we can,we will minimize trading with emotions because it will only destruct one's trading.And yes,having positive minds will also create a positive outcome and thus will lead to make a maximal profit at the end of the day.
The interested people only make the money from trading otherwise trading will not been giving any profit to the Machines like people because we need to analyse everything then only we can make the profit frequently using that trading.
strongly agree I because in trading if you do not use emotion it will be better to walk in the future so that you can succeed quickly, because in trading if you want to succeed we must have great patience so that we can overcome someday when the market is destroyed not become a seller panic
patience and self control in trading is indeed a necessity. but if we trade without dominating the market, it can result in us being unable to determine when we buy and when we sell. so learning to master the science of commerce is a vital requirement for traders to be able to get their own benefits. Easy to say you should be emotionless, but it is very very hard to implement emotionless trading in practice. At least I find it difficult. Probably this is the reason why a lot of crypto traders use bots. Backtest your strategy and see if it makes any money on historic date, and then fire up your bots. That is all that you need to do. When you trade in person in front of a computer screen, it is easy to get carried away by a lot of things, for example, how many times have you screwed your trade by FOMO?
Truly correct as a person harder to remove emotion especially the investment going to lose. Even the people have a brave heart for sure they're experience to this scenario from trading. But we need to learn how to bo brave to avoid panic.
You'll never completely remove emotions from the picture. That's essentially impossible as a human realistically, but that doesn't mean you can't get close to it. Relieving any stress you might have while trading is a pretty good first step to take IMO- I trade much better when I'm not stressed out (applies to many more things, actually), and if I don't feel I'm in the best mood for trading, I just don't trade for that day or until I feel better. Generally speaking, you'll get much better at removing emotions the longer you trade, but in some rare scenarios you might not get any better if you don't actively work on improving your trades.
If all people will learn from this your piece but the issue is that people with emotion is like magnet and metals you just need to know they exist and then make your decision as quickly as possible thats all you need man
Being emotionless when doing some trading is very impossible. It's really hard to disregard our feelings but we can actually lessen the unwanted emotions. For example, let us just set a goal in our mind, we can reduce stress or even panic and regret feeling in order to become a successful trader. Remind one self that bad vibes will also lead our trading a mess one.
Exactly.We will really find it hard to trade even without emotions involved but as much as we can,we will minimize trading with emotions because it will only destruct one's trading.And yes,having positive minds will also create a positive outcome and thus will lead to make a maximal profit at the end of the day.
The only thing that set traders apart is experience. Someone might have being on trade but with no adequate experience. Thus, someone with experience understands that emotion does not change the market and so, would make effort to put the emotion on check. Therefore, it is the ability to put one's emotion on check that makes for experience. Hence, traders will hardly be emotionless.
Being emotionless when doing some trading is very impossible. It's really hard to disregard our feelings but we can actually lessen the unwanted emotions. For example, let us just set a goal in our mind, we can reduce stress or even panic and regret feeling in order to become a successful trader. Remind one self that bad vibes will also lead our trading a mess one.
Not only that, we are humans not machines literally 
and as part of human nature/behavior.We've been always emotional nor do react on things that we are dealing off and its really impossible to think that you wont really get distorted or affected on your trades specially you are dealing with very volatile market and no matter
how you do set your goal is, there are really situations which cant be avoided for you not to panic.
Being emotionless when doing some trading is very impossible. It's really hard to disregard our feelings but we can actually lessen the unwanted emotions.
Well its quite possible, I've done it many times. Though, I'd agree that emotion is a huge game changer in this industry. That's why I always encourage to be fully prepared, in terms of Data analysis, Information, planning, organizing and etc. Those things are tools to battle out these fear, why? Given that the industry is volatile and risky, The only thing we can lean on is our own data, no more and no less. One can consider other's research but it must be only and solely for data analyzing, though a thorough personal analysis is still needed.
Being emotionless when doing some trading is very impossible. It's really hard to disregard our feelings but we can actually lessen the unwanted emotions. For example, let us just set a goal in our mind, we can reduce stress or even panic and regret feeling in order to become a successful trader. Remind one self that bad vibes will also lead our trading a mess one.
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