how do you keep emotions out of trading?

Discussion in 'Psychology' started by bat1, Jan 6, 2010.

  1. What a great post and take on things.

    Definitely sharpens my edge, made me laugh too. Thanks !!!
     
    #11     Jan 7, 2010
  2. Automation, or some sort of lobotomy.
     
    #12     Jan 7, 2010
  3. LeeD

    LeeD

    This makes great sense to me though I will disagree on some of the later points.

    I guess people are incentivised to think that everyone who is not absolutely mediocre is abnormal.

    This should work for anyone who can overcome their amotions. Can you recommend any mediatation course?

    IOr just had too much coffee... or you are just naturally excitable... or you just had an argument with your girl(boy)friend.

    Or you have just lost a job that paid for your trading antiques or you just don't like the dominating colour (brown, thanks to teh name of the British prime minister).

    Or you have just spent too much money on the date or escort you didn't really like.

    Except you may feel tempted to put a few trades on with no particular reason but to make the life a bit more interesting.
     
    #13     Jan 7, 2010
  4. Has it ever occurred to you that it is not your emotions that are killing you?
     
    #14     Jan 7, 2010
  5. Trading is gambling with the odds might be in your favor if you can find your edge and not letting your emotion change the odds.
     
    #15     Jan 7, 2010
  6. JSSPMK

    JSSPMK

    Belief & lack of, play a huge part in trading. If your belief is undermined, then you must get it back to 100%, just as in any other profession, you have to be confident & believe in yourself. All the best!
     
    #16     Jan 7, 2010
  7. nice article love trading
     
    #17     Jan 7, 2010
  8. This game is an emotional challenge , fear and greed will impact your rational thinking .
     
    #18     Jan 7, 2010
  9. jnbadger

    jnbadger

    I like this post as well.

    It took me a long time to learn that if emotions are hurting my trading, then I'm doing the wrong type of trading.

    Automation helped a ton, and after getting back into some manual trading toward the end of last year, it only took a little time to realize I had to disregard all of the fancy BS out there, and just needed to revert back to a simple breakout strategy I used to employ years ago. There are plenty of opps to choose from each day, the risk is instantly definable, and trading is becoming fun again.

    My numbers ain't big, but they're green, and since I'm enjoying what I do again, they'll grow with time.

    Success in trading is simple. It just takes 10,000 hours of screen time, finding what strategy works for your personality, and extremely hard work.

    There. Now go get rich.
     
    #19     Jan 7, 2010
  10. Most guys on this board play with scared money, with other people's money it becomes easyer
     
    #20     Jan 7, 2010