on one end there's using tool and automate the shit out of it
on one end there's understanding human psychology in trading markets
I've learnt alot reading stuff on https://www.altcoinsidekick.com/blog
Topic: New to trading? Learn to be an emotionless trading machine - page 6. (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.
I would like to add something on your post, a small detail that would add some leasson on it. So here when you build a strategy you may experience any kind of failure and the thing here is younwed to rebuild to think another one that will succeed, but if it faild DO NOT STOP KEEP ON MOVING UNTIL YOU GOT IT RIGHT. 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.
Also if someone here says Machine tooic only yes OP says emotions which failure cant be stop so my lesson here is do not stop. You programed it but what happened you just do nothing but depend on the machine. So, go and do it yourself.
That's very difficult. I tried to ignore the value of my portfolio but I still felt anxious. I think we should come up with a clear plan or have an expert offer advice to us. Investment is a field that uses a lot of reason to succeed and it's hard for me.
Trading like machine is not possible as the emotions are natural and newbies are not confident and correct in analysis, so negative thoughts will come to mind. With their experience they can eliminate their emotions.
No need to turn us into a machine, we need more discipline for ourselves. Investor experts have advised that we should make investment plans before investing. We need to write more important things and set goals for profit. That is the way we hold back the greed.
emotionless ? lol wtf that's impossible . we are humans not a robot . even veterans and pro traders are not exempted to it but they are more in control of the situation as when compared to newbie's that just get started on trading .
since i already mentioned the word robots earlier , we can still be able to use bot or trading bots that is specifically designed to automate the process . we can use them so that we can skip looking at the charts or the market in order for us to be free from stress and other emotional problems that can trigger us to make wrong desicions such as panic selling .
there are many course books youtube you have to search and collect materials and learn thats all
i think telegram also have good materials for free also
i think telegram also have good materials for free also
You cannot do well without a strategy and you cannot do well too when you keep changing strategies over and over again.
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.
Emotions are surely obstacles on the way to successful trading. One shouldn't be sad because of losses or happy because of wins. It will cloud the judgement. But your post overall still sounds like a trading bot is a good idea. It cannot improve the strategy, but at the same time a human being can't really be emotionless. And IMO humans trade better than bots in general, so it's not that obvious. One has to be passionate about trading itself, feel motivated to perform better in general. Even with a great strategy, motivation and no sudden emotions, I guess trading is just not for everyone. Most of people will lose, only some will manage to make it a source of income. 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.
Trading without emotions is very difficult as emotions is natural when you see price fluctuations emotions will automatically come to our mind
Totally agree with your motion but when one engage himself or herself on trading there must be a lay aside of emotion which is the enemy of trading. Trading with emotions of any kind doesn't give success at the end rather looses. Engaging in trading you must be motionless to make huge profit. 
For example fear is often a good indicator that you've invested too much or your investment is perhaps not fully researched.
Investing more than you can afford is definitely a contributing factor to fear, but it only adds fuel to the fire. People in general are bad losers, especially if the price does the opposite of what they assumed it would do.Fear kicks in whenever people lose confidence, which is when they are on the losing side of a trade, regardless of it being your family savings or some pocket money. People at all cost want to try avoid losing.
Don't forget that the smaller the amounts are that people trade or invest with, the higher the risks are they expose themselves to, all because of how people aim to profit big, which is why leverage platforms have gained so much popularity.
Naturally we are. However, and I can only speak for myself in this regard. I get a level of sadness and disappointment if an investment goes the opposite direction to that which I expected but I have never experienced fear when investing a sensible amount, because I know whatever happens I'll still have what I need to survive and be happy.
The point about smaller amounts being higher risk is a very good one, mostly people don't have the patience required to start small and steadily work their way up.
Trading without emotions is very difficult as emotions is natural when you see price fluctuations emotions will automatically come to our mind
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
This is the key part to become a great trader. There is no trader in the world that can make money from the gut feeling or just emotions, all those movies where the trader just has a feeling are lying. Every good trader in the world whether its in crypto or stocks or forex doesn't matter actually makes the money thanks to their emotionless trading. You need to leave your feelings out the door when coming the work and just focus on making money by the patterns that is historically done and profited everyone.
If you can achieve to become a robot that is purely trading on the indicators given to him than you will always come out as the winner and have profits. It is not as easy in crypto world since it is quite volatile but in other areas it has worked perfectly.
If you can achieve to become a robot that is purely trading on the indicators given to him than you will always come out as the winner and have profits. It is not as easy in crypto world since it is quite volatile but in other areas it has worked perfectly.
For example fear is often a good indicator that you've invested too much or your investment is perhaps not fully researched.
Investing more than you can afford is definitely a contributing factor to fear, but it only adds fuel to the fire. People in general are bad losers, especially if the price does the opposite of what they assumed it would do.Fear kicks in whenever people lose confidence, which is when they are on the losing side of a trade, regardless of it being your family savings or some pocket money. People at all cost want to try avoid losing.
Don't forget that the smaller the amounts are that people trade or invest with, the higher the risks are they expose themselves to, all because of how people aim to profit big, which is why leverage platforms have gained so much popularity.
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.
I agree to 90% but you should not completely remove emotions from your decision making, it's better to learn to understand your emotions and what they're telling you, you can then choose to ignore them or not. For example fear is often a good indicator that you've invested too much or your investment is perhaps not fully researched.
This is actually one aspect of most humans that is pretty hard to get rid of and I actually understand what harizen has said, based on the fact that it is just a natural thing that is bound to happen for most newbies, but over time, as they keep learning, making mistakes, building on their strategy, emotion will be a thing of the past.
It all takes the determination actually, which is why I still get surprised though when I even see those who have been trading for a long time, still getting emotional sometimes. I believe humans are fashioned to be emotional, but if you believe in your own knowledge and strategy, emotion will not be a thing at all.
Right! The thing about trading is that you really need to be confident in yourself and in your own strategy and rather than getting all emotional, you need to try as much as possible to execute them in a way that does not even need you to start questioning yourself over and over again, which is why back testing a strategy before trying it in the real world is always very important and that is one thing a lot of people do not always get to know over time as this is the easiest way to gain confidence when trading in the real world. It all takes the determination actually, which is why I still get surprised though when I even see those who have been trading for a long time, still getting emotional sometimes. I believe humans are fashioned to be emotional, but if you believe in your own knowledge and strategy, emotion will not be a thing at all.
Good advice for new traders. I love straight to the point posts like this
Pretty straight to the point. I wish I have some merit to give though, would have given the OP one. I understand vividly well that this is not something that is easy to achieve, but I have always known that once you put your mind into achieving something, you definitely will, and what it just takes is the knowledge and consistence building of yourself over time, as this is how you will be able to get rid of that inbuilt demon that can really go against your normal strategy. I agree with the fact that you should have a strategy, build on it, and gain confidence over time. I was a culprit of emotion and later on I just found out that as long as you stick with your strategy, you see some little loss as part of trade sometimes, you will tend to find it better at curtailing emotions.
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.
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.
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.
Emotions! That is one battle a lot of trader will have to deal with over time, I must say and it seems we have actually been fashioned in a way that we tend to want to put our emotions first in whatever we want to do, but as time goes on, I believe that with experience and as you keep building your confidence, this is something you will always get to be able to at least, minimize to some extent.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 an emotionless trading machine is a good analogy actually, considering that you have to be able to have a cut out strategy and just stick with it, without having to go back and forth most of the time.
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.
You have a good open mind concerning cryptocurrencies trading and after reading this post I strongly believe that, if you are going to succeed as a traders, is up to you and if you are going to fail is within your mind. If you have develop your strategy and your have confidence in yourself and strategies? there is no way you will not place the confidential orders and even if you lose you will know that it is normal to lose 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.
No knowledge, no strategy, no plan and all they do is want to buy low and sell high, while thinking that is all it would take to be able to get better with trading, which is why they always get all emotional when reality kicks in. Learn, practice, build on yourself to gain some confidence through consistent practice, and you will see yourself executing your strategies like a machine.
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