Emotions - How do you deal with it?

Discussion in 'Psychology' started by ProfiForex_Victory, May 2, 2014.

  1. Well, if you override your trading system, you shouldn't have one in the first place. Of course it requires that you have backtested it through all kinds of market sentiments for several years, that still makes it much less mentally taxing than just go for something unproven.
     
    #61     May 4, 2014
  2. That is a simple adapt. Mickey mouse stuff.
    A hard adapt is when your whole system goes kaput. Also, a way to adapt is to leave the business.
     
    #62     May 4, 2014
  3. Diff people can use the same method but their "edge" doesn't die while yours might.

    Case in point is NoDoji's "Breakout Trendline Pullback". She has said that edge can never go away as it is simply eternal price action.
     
    #63     May 4, 2014
  4. cornix

    cornix

    That edge was mine before she even started trading futures. :D
     
    #64     May 4, 2014
  5. dbphoenix

    dbphoenix

    She doesn't claim to have invented it. That edge has been around since before you were born.
     
    #65     May 5, 2014
  6. cornix

    cornix

    Sure. Just joking, NoD would understand the joke for sure. :)

    Breakout pullback is a classic of price action, known for at least a century.
     
    #66     May 5, 2014
  7. ras72

    ras72

    dbphoenix and his logorrhea...
    :confused:
     
    #67     May 5, 2014
  8. That might be so.

    But she has now mastered it and make money in all market conditions, trading lucratively for a living every day.

    You are working for your wife's family.:D
     
    #68     May 5, 2014
  9. cornix

    cornix

    Yes, must admit I never was able to extract $500/day/car in CL with any consistency.
     
    #69     May 5, 2014
  10. Hahahaha.. Oops! Sorry for the laugh, but I was wondering how a trader will have to use auto trade forever. Well, even with auto trades, one can still panic. I think emotions can be suppressed to a certain degree.
     
    #70     May 6, 2014