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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.

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.

Good advice for new traders. I love straight to the point posts like this

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?

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.

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.

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.

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

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

Yeah, a really good opened mind to cryptocurrency trading considering that for someone to be able to do well and even be an emotionless trading you need to have that, and also make sure you have been able to learn as much as you can first. It is actually normal since the approach of most people to trading normally is always in the form of gambling.

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.

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.
 
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.

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.

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.

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.

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.

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.

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.

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

Trading without emotions is very difficult as emotions is natural when you see price fluctuations emotions  will automatically  come to our mind

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.

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.

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.

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

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 .

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.

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.

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.

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.

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.

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

Being emotionless when doing some trading is very impossible. It's really hard to disregard our feelings but we can actually lessen the unwanted emotions. For example, let us just set a goal in our mind, we can reduce stress or even panic and regret feeling in order to become a successful trader. Remind one self that bad vibes will also lead our trading a mess one.

Well its quite possible, I've done it many times. Though, I'd agree that emotion is a huge game changer in this industry. That's why I always encourage to be fully prepared, in terms of Data analysis, Information, planning, organizing and etc. Those things are tools to battle out these fear, why? Given that the industry is volatile and risky, The only thing we can lean on is our own data, no more and no less. One can consider other's research but it must be only and solely for data analyzing, though a thorough personal analysis is still needed.

Not only that, we are humans not machines literally  ;D and as part of human nature/behavior.We've been always emotional nor do react on things that we are dealing
off and its really impossible to think that you wont really get distorted or affected on your trades specially you are dealing with very volatile market and no matter
how you do set your  goal is, there are really situations which cant be avoided for you not to panic.

The only thing that set traders apart is experience. Someone might have being on trade but with no adequate experience. Thus, someone with experience understands that emotion does not change the market and so, would make effort to put the emotion on check. Therefore, it is the ability to put one's emotion on check that makes for experience. Hence, traders will hardly be emotionless.

Exactly.We will really find it hard to trade even without emotions involved but as much as we can,we will minimize trading with emotions because it will only destruct one's trading.And yes,having positive minds will also create a positive outcome and thus will lead to make a maximal profit at the end of the day.

If all people will learn from this your piece but the issue is that people with emotion is like magnet and metals you just need to know they exist and then make your decision as quickly as possible thats all you need man

You'll never completely remove emotions from the picture. That's essentially impossible as a human realistically, but that doesn't mean you can't get close to it. Relieving any stress you might have while trading is a pretty good first step to take IMO- I trade much better when I'm not stressed out (applies to many more things, actually), and if I don't feel I'm in the best mood for trading, I just don't trade for that day or until I feel better. Generally speaking, you'll get much better at removing emotions the longer you trade, but in some rare scenarios you might not get any better if you don't actively work on improving your trades.

Truly correct as a person harder to remove emotion especially the investment going to lose. Even the people have a brave heart for sure they're experience to this scenario from trading. But we need to learn how to bo brave to avoid panic.

patience and self control in trading is indeed a necessity. but if we trade without dominating the market, it can result in us being unable to determine when we buy and when we sell. so learning to master the science of commerce is a vital requirement for traders to be able to get their own benefits.

The interested people only make the money from trading otherwise trading will not been giving any profit to the Machines like people because we need to analyse everything then only we can make the profit frequently using that trading.

Maybe it will need a lot of practice to get something like emotionless in trading. Because it is all depend on our condition how we feel about market condition. That is why trading activity need skill and not only buy and hold and sell activity.

I think emotion makes a person to trade evidently because there is no motivation there will be no excitement in your life and it will not stay for a long time also so if you have some emotion it will makes you to trade with some more extra effort I think it will be good for some people to gain huge success.

For a beginner I think it is unavoidable for them to become emotional if they do trade in the market. Perhaps, it is very usual things I guess to encounter that. And I doubt that we cannot use our emotions when we do trade in the actual market, it is useful actually as long as we apply it in the proper way.

Why do we need to become an emotionless machine in trading, emotionlessness can sometimes cause us to fail in trading because our intuition will sometimes be right, intuition is always a wonderful thing in trading, we should not remove it. In addition, I think it is difficult for people to become emotionless because we are ordinary people, emotions are something very natural in each of us, so instead of trying to be an emotionless person, we should learn to control emotions, it will probably be smarter

Emotions in trading are things that need to be avoided, trading requires calm because every decision we make will surely have different results. A Trader must continue to learn to see the situation and circumstances, they must also continue to practice so that the experience will continue to increase. With experience and expertise, a Trader can be successful.

When ever you making a financial decision you need to avoid emotions, but no matter are you a beginner or professional you can`t totally kill emotions, you will be a machine not human. Why would you learn to be a machine and trade like a machine? For that you have trading bots, but trading bots will not tell you to invest in some coin where you can make huge profit. In crypto you need to turn on your brain, think hard, analyse everything you can and in the end you still need to face with many risks. That part where you are facing with risks is emotional by itself, learn to be strong and to believe in your decisions made with clear head.

When you are a newbie in trading, you can't prevent that your emotion will prevail over. You can't control your emotion when you are a newbie in trading so its normal but I think there are some newbie traders out there who are just starting and yet they are emotionless immediately.

There are times when I'm trading that my emotion is controlling me and as a result, I almost lost half of my trading funds and after that losses I promised that I will be emotionless with regards to trading and now I'm getting profits although they are small only.

Trading is the one that provides with the biggest earning depending upon the investment made. Newbies always have a thinking to make a big money out of trading. When this gets away from the prediction automatically the user gets disturbed emotionally. As the thread states one need to be emotionless to be successful through trading.

Its been two years since i started trading on crypto. Before that, I used to trade commodities and forex. That experience somewhat helped me here. When I am trading, I would stick to only one strategy. I won't mix up and confuse myself using different strategies. As you said, don't put emotions before strategies. I always have the second thought when trading. "What would happen if this goes wrong", I must say that I have missed some really good trades thinking this.

it must be in trading, do not ever use emotion because it will destroy your trade, because there are many people who have been destroyed because of the feeling of emotions in trading that can not be controlled. My advice in trading is that we don't use emotions and don't be influenced by what people say and news in cyberspace

I don't think you need to be emotionless to be successful in trading. If it were so, then you don't have difference with trading bots. It's a matter on how you are going to use it. Somehow the gut feel which is caused by emotion is a great way to distinguish which market is good to trade with the help of indicators and other tools.

 I think the combination of emotion and reason is the best. because rational things only bring about a trivial result.
Listen to your heart and it will guide you on the right path. But don't let greed appear, it will break your plan.
Sometimes we need to let emotions lead and give us lots of memorable lessons.

sure, emotions can drive away all our efforts at a single moment.
developing a strategy is a hard thing but anyway one creates it as time passes by.

If you are following your emotions means then you are simply just another person just like all the regular crypto currency trader who are struggling to make profits,because the profits will go opposite to the emotions,if everyone selling means then it is the right time to buy and vice versa.Following your instinct is good but don't let your decisions for trading interfere with your emotions.

Maybe what OP means to be emotionless machine trading is not panic in any condition of market. People sometime face market that move very fast when pumped/dumped and then make them do panic buy/sell. And then regret with what they did.

If you ask me, it is not so much impossible as it is meaningless (I mean looking for emotionless trading)


And here you seem to come to the right conclusion yourself

It is not emotions that make you fail as it is not the lack of them that make you win. It is having a good and profitable strategy, so no trading bot will substitute or compensate you the lack of such. In other words, with a good strategy, your emotions are not going to get in your way

In fact, they will only make your trading more fun and ultimately more profitable as you will be more inclined and encouraged to improve on it via a positive feedback loop that emotions provide. For that reason alone, you shouldn't turn yourself into an emotionless trading machine. Instead, you should funnel your emotions in the right direction

Anyone who is trader shouldn’t trade with their emotion, and whenever you make a decision and you’re very sure that your decision is a good decision, you should learn to stand by it and not have a change of mind based on what people are saying on internet. That’s also why you need to learn everything about trading so you can do everything all by yourself without having to rely on what people are saying. People will always make your emotions worst.

Sometimes emotions do really save us on some situation or shall we say that intuition/instinct do help us on making such immediate action on what
we are experiencing on point. Emotion do really affects most of the time thats why good self control and discipline towards on making orders or entires/exit
is a must.

I have been fighting really hard to break the barrier of being an emotionless trader. My emotions in trading has brought lot of loss to my assets which I had to quit at a point. But I hope I overcome this barrier and focus my head on my goals.

In order to become a successful trader you have to work a long way. Learning is the most important thing to start with. Without knowledge you will make mistakes. But if you learn to draw conclusions from them, everything will be fine.

If you are a real trader you do not make losses in your trading. Because emotional traders also make profit in this platform so how you analyse your investment and how to protect our investment is the right way to save our investment. Majority of emotional traders are never selling our investment in bleeding market so you must concentrate in your future trading.

I agree. Mistakes makes you learn in trading. I learned from it the hard way when ANTS change to NEO, the price skyrocket and I didn't sell when the price is at peak, I continue to hold on it. It was too late when I decided to sell when I see that price is starting to be stable and price continue to go down because of the China fake news.

In that scenario, trading technical strategies won't work. It is how you will react to the current hype. You don't need to be an expert to see what's coming. You just need to open your eyes on what's happening and situations that might trigger the changes.

trading should not be carried away by emotion, but things like that are very difficult to be able to do in the real world because what happens if we get a victory and the chance to win is still available so we will not be able to leave that opportunity. so it has become human nature that is greed that always comes when the opportunity comes. so basically all existing theories cannot apply if we have entered the real world.

The most important, we should always check on the coins we have so we know if there are any changes or moving from the coins and we can make a decision later. With doing that, I think we can minimize from making mistakes because we stay alert from what is going on in the market and we don't miss a chance if the price can increase higher.

Actually it is impossible for a human being to be emotionless because emotional feelings are natural and humane.
Yeah what we have to do is learn from what we have experienced and make it as lesson

I don't know how to be emotional in trading my opinion is putting 100% effort will give you the payback for your work otherwise emotions are not making you stronger or weaker but making some goals always giving you to put some extra effort for your goals.

While this is a helpful and serious advice the only reason that you will progress is following the steps advisedly by OP..and also read the valuable criticism and apply each for your own betterment,having here for couple of years teached me this things and now i am applying each steps and i am gaining for living(extra income for my family and love ones)

Yes, sometimes emotion is good for trade, we just have to watch it and make sure we apply it secondly because when you look at bad trading, sometimes fear ha successfully gotten a lot of people out of bad trading which fear is also product of emotion.

We just need to be able to control and balance our emotion so that we can be able to apply it when necessary to avoid poor decision making but taking it out completely will not be possible. Sometimes when emotion sets in, before making any form of decision, we need to check if the loss or win is three consecutive, then if it is, we have to stop the trade immediately.

It is not like having no emotions but it is like learning how to control your emotions when price falls, and being patient at the time of dip, holding is wise decision, so to avoid being emotional a new trader should learn all trading rules and get along with market condition like try to buy at low price and hold with patience.

Even if you learn the rules and learn TA's and read those graphs and candle sticks if you don't learn how to control your emotions, you will end up losing your capital in trading. I don't know what exactly is the ratio between knowledge and emotion in terms of trading but I would say in trading 60% goes to your emotion and 40% goes to knowledge. Even if you knows a lot about trading but you can't control your emotions, you will loose in the long run.

Its good for you not to be more emotional, we just need to act like this all the time. In trading we only focus on what we have planned for and for sure we don’t want to lose money at all so set aside your emotion for a while. The trading is not an easy job, it also need a lot of effort and works for you to succeed.

Have an experience in it and yes, emotions do bring nothing when we are into business. Its just the business and need to screw up more in it to grow the business with more profits. Hence, just learn controlling emotions and this should certainly make you a successfully trader.

This is a very good idea because I would not allow anyone trade base on their emotion of how they feel about the market, because emotions will always fail you since the market don't care about your emotions but rather your expertise.
I think it's good to learn how to take technical and fundamental analysis about the market before going to trade in the market so that you can enter with confidence instead of emotions, emotions is very bad even in relationship, so can't be good in trading lol.

It seems to me that the trade or you are successful or not. There can be no middle here. But a successful trader devotes almost all his free time to the cryptocurrency market in order to monitor not only all of his assets, but also other opportunities. In addition, the information space must be kept under control in order to be alert for any problems that arise.

experience is indeed the main key in trading in order to be able to put in place a mature strategy in trading, someone who is already accustomed to trading because it is based on his experience, they certainly can better understand the market situation and can control emotions when trading.

Experience will somehow make you numb when it comes to emotion when you do trade.Your knowledge is the weapon
that will take away those worries on how you do execute your trades.If you're confident on what you are doing then most likely emotions
wont really set-in since you do know on what you are doing.

Well we often have listened this proverb, distant drums sound well. This is all the story of trading. People often think it is quite easy to go in here and start selling and buying with golden rules of sell high and buy low.

But, its quiet an opposite scenario here. Seconding your point, trading do involve harsh times and you really have to distant emotions in the game. Else, colossal losses would welcome you at the end of day.

As long, as you already established your risk appetite and the desired ROI then emotions wont be a factor over time. The emotion shall play only during deciding the investment strategy.

Every newbie trader should read these points we should nt be greedy to book profits one thing i believe in crypto trading is market gives every time new opportunity which we should be aware of it and wait for right timing

Yeah, it is good instance and i hope you will know that in trading sometime we follow the rumors and fake news, but our bad experience also move us in good way. Not only in trading we faces these circumstances in every field of earning.

Better try to understand the emotions of others than completely avoiding it because if we want to be profitable the other traders need to be in loss so when other makig mistakes you have to take advantage which is possible by understand the emotions of common traders.

We anticipate some good catch following the news even we have past experiences that this move isn't relevant to situations, we are taking the risk trying to catch a good ride, eventually we needed to learned more and execute much clearer path to walk in terms of trading obstacle, be as it may, experiences will always give us some guides to predict and observed what will be the next position to make, learn to make a use of it.

but it is not possible in any time we need definitely the emotions to be controlled but in sometimes it will not been in our hands to control the emotions and it will definitely effect that trading for some time to to make it successful but if we had the emotions in our mind we are more careful about what we are doing.

Whatever the OP has written is 100% correct and my own trading experience during the last 7 years prove it. Whenever I maintained strict targets for profit booking and stop loss, I ended up with nice profit. But when I allowed emotions to overcame me (or perhaps greed got in to my mind), some of my trades gave me very heavy losses.

Its obvious when we want to make more and more profits we are going to be loss because after huge bump there will be dump on the price if we didn't get it at the right time we will lose our timely profits.

a trader should not bring emotional feelings because it will affect their calculations and choices. for example if you have done the analysis, and you want to get a bigger profit and you obey it, even though your technical analysis requires you to sell. You must be like a machine, thats why many bots are in trading

I think so, just pretending as a normal trader, not like a machine, which is emotionless but as someone who has feelings but is not overly responsive to problem in the market. sometimes emotions are also good for understanding other traders' feelings and that's a good value for trading

Well, I think that in the crypto business, no one is a friend, everyone want to make and build their own profit and thus act to serve themselves only. This gives rise to lust for profits and that is why Bernard Mandiville wrote his famous poem about.

I strongly believe from my own experiences that newbies in the crypto need to learn everything before becoming part of the market. Without this, it’s not just possible to make money here no mater how many people guide you. Being emotionless while trading will be possible only after intensive practice for months, hence in-between time they will be no more newbie in "actual trading world".

controlling emotions is the most important and difficult thing when you get a lot of loss, but when you start with money that can be lost which aims to analyze what happened, then i think that you will be more able to control emotions and certainly better than robots or machines what you mean, then it will be better when you trade

As they say, charity begins at home

But it is not just so with crypto alone as it is the same with any other such activity in general, be it trading or anything else. It just happens that with crypto and cryptotrading in particular (the topic of this thread), which is mostly a zero-sum game anyway and an unregulated zero-sum game at that (thus further adding insult to injury) the only way you can earn dough is by taking from someone else thereby causing them to lose


If you follow your own idea, you shouldn't expect too much from people guiding you, and especially those who are making that their business. They are not your friends but rather want to become friends with your money

For short-term trading just like binary, it is certainly suitable for people like robots who only carry out orders with a strategy,
but in daily trading certainly emotions are also needed to understand market conditions effects from news and rumors..

I am a newbie in the world of trading, tried binary option and ended up losing my initial capital/deposit.

I am not giving up though because I realized my mistakes caused me the loss.
Emotion is just one thing that can mar trading if/when not cheeked/controlled.

Now, I have to keep my emotion checked and have a trading plan.
Looking forward to having a better trading experience.

It is very easy to post these things. But the truth is that in reality practicing all this is a lot more difficult. Take my case as an example. After repeated rounds of heavy losses, even now I sometimes get overwhelmed by greed and emotional attachment. After all, we are humans and behaving like a machine is not always practicable in real life.

I do not know even one person who is this emotionless trader. The machine can probably cope with these tasks but not real people. yes, we need to control emotions but we cannot get rid of them.

Lol, we have to trade with passion but we should be able to control our emotion even with the passion we have, if we have passion for it, greed will not be entertained, we can easily overcome greed, the first thing is to first see the possibility in overcoming it, then we take the next measure of disciplining ourselves, if we can discipline ourselves using the tools that we would normally ignore, then greed will be far away from us.

There is nothing so impossible for us to do in this earth, God has already created we men to be a stronger human and be able to control our emotion, how are we able to control our emotion in our relationship and we feel we can’t do same here too.

Controlling your emotions doesn't seem to be the right word for it

As when you feel whatever emotion you come to feel, it is typically too late to control it. If you in fact want to say that you can somehow override your emotions (i.e. consciously and deliberately ignore what they compel you to do), that is another thing. But even if so, emotions are a direct driving force of our actions (that's basically the reason why people make the same mistakes over and over again). So how should we deal with our emotions in trading? This question definitely deserves a separate topic of its own (which I'm going to start in a couple of days)

I couldn’t agree more, in that way they’ll be able to come up with strategies on their own a long the way. Getting more experience and the more new traders exposed to trading they can learn a lot and make them better traders over time. Mistakes are inevitable even those experienced traders still make mistakes from time to time and I think it’s normal what’s important is they have learned from that mistake and make sure to do something not to make the same mistake twice.

It all comes with practice. You learn things about trading by actually doing it. So it is important to know and understand about all those things which are not considered risk free for newbies. You may loose or win money but the most important lesson I have learnt is staying emotionally sound and good. This keeps you the king of the trading.

That will need experience for years to become an emotionless trader, and it's hard to do that. Every people will have their emotion and if that is related to trade, then they will trying to control the emotion so it will not interfere with their trading. Human will have difficulties to prevent to do something without emotion because we have an emotion that always inside us, and if we want to become emotionless, then we need to learn hard.

Mistakes are nature of human being but best are those are learning from it and never repeating it, so better don’t involve your emotions in trading it will give your pure trading profit, I can see my when I was new I use to get worry so fast and try to sell at price fall but now I have learnt to control my emotions and never trade at panic.

Actually, being an emotionless trader is difficult. I also make some adjustments regarding with my trade right now. In fact, I lost my interest today because I am waiting for bitcoin to move down and direct to my bias but it seems like it won't happen. I would like to say that you cnanot fight with your emotion but you can learn how to adapt certain changes in just improve yourself in trading.

I agree.It's really hard fighting your own emotions when you trade so a good trader does not really mean that he trade without emotions involved.There are still emotions involved but the fact that he is able to control his emotions while in trading makes him gain good profits in the end.Nobody is really an emotionless trading machine.

This is why there are bots out there that helps you trade, this way you don't have to worry on your emotions and let the bot buy and sell for you based on the settings that you entered. I myself sometimes overcome by my emotions specially when someone that I know and also in trading tells me something that is so convincing that makes me buy or sell a coin.

It maybe difficult, but you would be happy to know that,  it can get you more profits.
I know being a stone hearted is not an easy job,  but  in case of money everything is fine.
If you see that you can earn good money by changing yourself then ofc do it.
Moreover the most important thing is that don't losse confidence on yourself and you gonna surely win.

Learning really takes time especially if your understanding is not that good but for the brilliant individuals with inborn skills in trading, they will only takes a little time to master it.

But not everyone has this kind of skills therefore we need to struggle and takes our time to master the principle in trading if we really want to become professional someday. Trading machine is not always perfect even if they are programmed on what they are going to do therefore we should not compare ourselves to machine while trading as it will only cause us some misunderstanding in the end. Just be yourself and find your own strategy.

i totally agree with you, the most important thing is controlling emotion, be patient don't panic when something going down.
Good advice for newbie like me, thank you.

In my opinion, considering that they are new to trading it is almost impossible for them to control their emotions but nothing is impossible and I think that the longer they are exposed to trading and once they already got the hang of it then they’ll be able to control their emotions little by little and hopefully they’ll become emotionless or they will have better self control overtime.

Is always easier said than done, people put emotion because they put their money on the line and sometime emotion can be dark cloud when it comes to making decision. Is okay to have emotion in it but don't let it affect your judgement.

I know and I can understand that people get emotional faster for something they expected to get and then they don’t get or they don’t expect but they get, so it is part of life but in case of trading it does not work, as market will change so in this time some people use to make worst decision only because of being emotional so I also think that a trader should only be patient but not emotional one.

That is right, emotion is what was created in us naturally, and so long money is involved, emotion will never ceased to come to play. The way we control our emotion is what we should be looking at, because if we honestly don’t control our emotion, it will consume us.

This has also affected me in my trade recently because I have been applying emotion to my trading which has been making me to miss several opportunities I have had to place my order and also sell my order. This is one of the reasons why I resulted to using one of the good BOT we have in the market, because those are the only thing that can trade emotionlessly because they have none.

Of course it is easier said than done and in many cases, new crypto enthusiasts find it very hard to keep emotions aside and focus entirely on trading coins with strategy and good plans during market crash. Therefore it is important to have some good ways of dealing the tension when there is a crash in the market or it all ends up in loss.

As long as people can control the emotion in trading, I am sure they will find, and they will see their chance to get the profit. But yes, many people are losing control if they see the market moves too fast and that will make an instant decision without thinking the good and the bad thing that they will get after that.

Be a machine like computers when we trade, emotions should be out of the code and picture. Once we let our emotion beats us we might not even return in trading. Better be a computer that program to be set on such limit and work on what been plan and studied.

Probably the biggest problem that people have is not emotion or keeping them out, it is they really take trading like a serious job, they use it as their main source of income and they leave their real life jobs for it, since crypto is really unpredictable you should not do that you should make it as an extra money making, once you truly believe that and you do it, your emotion will stop affecting your trades and you start making more right decisions and profit.

A very good suggestion, but we have to be realistic, it's not very easy to trade like a machine without using emotions, because we are humans who certainly have a feeling of dissatisfaction and greed

Emotions always get in the way of focus. Therefore it is necessary to try to adhere to the strategy and not to go on about the emotions.

While I do without trading robots and it is much easier to put new orders to buy and sell, as the goal in numbers may vary

  It is human nature to be emotional so if you are being emotional try to make your way positively, there are two kind of emotions being emotional positively, be happy for the growth of your trading coin and being happy about falling price so you can buy cheaper, being happy to get quick profit and sell at panic, or being worried about falling price and selling quickly, so both matters I think everyone should be positive.

It is simply impossible. I have never seen one person who trades without any emotions. You can control them, yes, it is another pair of shoes. Simply try to stay a realist - this will help you a lot in life.

We are in the same boat brother! It very unusual for a trader to maintain his calmness even bitcoin goes skyrocket. Just like me today, which is very happy because my 100 dollars turn into 120 dollars. I am very happy because I trade only small amount. And this is really a greatful day since the trend is my friend right now.

Emotions in crypto trading should be all excitement and nothing else because all you need is to deal and lead the process according to the real flow of it by applying the strategies it involves. But make sure you have learnt all the technicalities and necessary basic knowledge is a must learn factor. Whether trader is professional one or not s/he should get the knowledge to deal with things with optimistic approach.

You are indirectly telling us that only ROBOTs can be an emotionless trader, anyway, it seems you are right to some extent, we are humans and in as much as we have human nature, we will always put emotion forward.

What makes us a better beings than animals is because we have the ability to control our emotion, everything is right there in our mindset, if we really don’t want to be greedy, we can achieve this if we put the whole of our mind to it, otherwise, it will be better we just make use of trading BOTS as you said if we are too weak to control of greed and emotion, but to me, nothing too difficult here to control ones greed level.

Be careful with your emotion because you will lose control if you are following the market without any calculation. You will feel difficult to analyze the price and determine the good time to enter the trading. You need to learn to control yourself so you can control your emotion in every time you trade. Don't forget that you must obey your own rule, so you don't miss anything in trading.

In the first place dude, We are not a robot. I'm not saying your wrong about you mentioned in the above, but all of what you just said is not that easy. As a traders We really, really need time to spend with learning. You cannot learn it in one day only, you heard it now, and then tomorrow you know all, of course its not like that.

Yeah right, we’re still humans it is very impossible to be emotionless, I think it is about having self control because if you don’t control your emotions most of the time it will only lead to bad decisions and bigger problems. Based on what i’ve read here self control is the key to be successful in gambling, it maybe simple to hear but difficult to do, it needs a lot of work to achieve it.

I know traders who have studied a lot, but they were not able to turn off their emotions because of what they lost their money. If you can't cope with your greed, then you better not start trading

  Yes I am agree with you we are not pre learners but we will have to make our skills get polished as we will have to work hard, gain information, try not to be emotional about your trading consequences, we should know if the price volatiles it is only because the price is rise and fall to give us an opportunity to buy at low price and sell at higher price but never take any trading decision being emotional.

Greed is one thing that will block us from becoming profitable traders.Yes it's really hard to fight against our own emotions but as a trader,we should learn how to control our own emotions so that we can do trading almost perfectly and end up trading a profitable one.