I've been doing alot of 'thinking' on emotions and trading (and observing what other's feel (their posts etc ...). There seems to be two different mind sets when it comes to your emotions and trading. 1.- One of them is to develope emotionless trading; from what I can see is that some of the worst enemies of trading is fear and greed. So the theory behind this is to limit your emotions; weather its just the fear and greed or all(most) of your emotions while you trade (ie develope a system where it takes them out of the game - where you strictly follow your trading plan). 2.- On the other side of the equation there is the theory of trying to channel your negative emotions into positive ones. If fear and greed are your enemies; it's trying to not have those 2 creep up on you. So to develope a system where you are focusing on the positive aspects of the trade or plan. Money is the motivating factor for most people to trade. What you value most is what will dictate how you respond. So if you value money the most; money will dictate how your emotions come into play and how you respond. -------- I was trying to understand about the emotionless trading (as I described above); and I think it would be very difficult and counterproductive to try to produce trading behavior based on this type of system (at least for me it would be). It is natural that humans feel emotions; in order to shut them off one would have to go through alot of training and re-training of their mind and attitude. While I can see how this type of training can help in certain situations. I don't think this type of trading is for everyone. Think of the most 'gifted' athletes. I'll name 2 Michael Jordan and Tiger Woods. What makes them so successful at what they do? From what I can tell; there are a few things. 1. They have practiced practiced and practiced and practiced some more. 2. They Love what they do; and from what I can tell they love the game ... meaning they love everything about the game. 3. When it comes time to perform(play) they are totally focused; and from what I can tell they are focused not on the 'need' to score points or to win the game. They are focused on nothing and everything. Meaning they focus on all the training they put in; their confidence in theirselves what they need to do, the way the club or basketball feels in their hands, their visalization of what they want to occur ... everything that makes the game beautiful to them. 4. When the shot or put is missed or made; there is emotion there. When all their training has come down to that moment in time; there is alot of emotion there. Michael and Tiger have missed a shot or a put before; but what happens when they do? It's not the end of the world. They probably train harder and become more determined. And when they make that shot or put; their joy fills their world. So why am I talking about basketball and golf? Is it really any different then trading? Why do you trade? Have you ever played basketball and tried to force a shot? or have you ever played and were just in the moment and let it fly? What were the differences? For me it was peace of mind. When I tried to 'force' a shot I was giving the outcome more value then the act. Therefor my emotions were tied up with the outcome. All of us have different views on what trading is. But most of us probably see trading in a similar way. Trading is a way to have more freedom, more money, to pay your bills, to aquire more things, to have better things for your family, to live a better life, to boast to your friends, to live life more fully etc ... While all of these things are resonable goals for one to have. When you feel there is a lack in yourself and that money (winning) can fill that lack; you give more power to winning (money). And thus the outcome will influence your self worth and your decisions. ------- What brings you joy when you trade ... I'm not talking about the outcome I'm talking about the act of trading. Is it to see how your long hours have paid off and how the market just seems to respond to your analysis? Is it the comradery that you share with other traders; where you can share the trades? Is it just the thought of doing something that you have almost total control over and that your destiny feels like it is in your hands? Is it the joy that you dont have to go to work today from 9-5? That you have made it where few people succeed? I feel that all of us need to think about what brings us joy in trading. When we can give that more value then the outcome we will be free from fear and greed.