Good advice for new traders. I love straight to the point posts like this
that's a good and good way to do good trading, because by doing trade we are patient and by not using emotions then we can certainly do good and fast trading success later. because patience is very important in trading 
Topic: New to trading? Learn to be an emotionless trading machine - page 7. (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.
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.
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.
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.
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?
it's true, removing emotion from trading is very difficult. i'm well aware that it's a necessity, but even after years of trading, it's still something i occasionally struggle with. every once in a while, i fomo buy without a plan and it usually comes back to bite me.
trading with bots is one way to do it. the key is automating risk management, which you can employ when manually trading too. for people who tend to let losses run, it's extremely important to set stop losses and let them execute. posting automatic stop losses on the books is like pulling a band-aid right off in one motion. you don't have an opportunity to let your emotions take over and rationalize letting your losses run.
I have try to not use emotion while i have been trading so far but it is really hard to not emotionally moreover if we get some loss in trading. But if that happens i will maybe stop trading at that day and then get some refreshing in my mind and i will trade in another day. And i never use trading bots maybe someday i will try to use it but if i use bots maybe i can't learn how to mastered in trading maybe if we use bot if we want to not spend too much time too see trading chart in all day.
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?
Good advice for new traders. I love straight to the point posts like this
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.
They are just new to trading so it's just a usual thing to see that they are being overpowered by emotions during their "first phase of trading career". Let them progress and give it a time.
Honestly I'd like to see new traders experienced all things that a trader must avoid because that will be their key foundation for much stronger and wiser decision in the future. Those errors, mistakes, too much emotion etc. that they will experienced on the way will be the things that they will now avoid or control in the future because they already used to it.
In such cases, that after a "long time trading" and that trader still not learned and experience continous losses then it might be the right time to change course as trading is suitable to them.
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.
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