How to get rid of emotions when trading

[Winto]

I was in the gaming business for 15 years, played Poker semi-pro for about 18 months before my Son was born. Emotions are the most important factor by far in both gambling and trading.
If you're a daily trader your emotions affect you exactly the same like they do on a poker player. You start fresh with clear mind, play your best game, win some hands but after few hours you start getting tired and someone gets lucky and take your money when you had him beat before the river....in most cases you TILT. Same thing happens when you over-trade.
So don't let your emotions get you in trouble...if you did few good trades, call the day...other wise you may lose more money in one bad decision.

[1715050315]

1715050315

[Capt00]

Emotion is very important in trading, because when you control your emotion, you are able to manage to keep calm, you will not get panic when the market will dump or pump, in totally you are normal. And that is very good benefits if you are trader.

Indeed, because if you let your emotion overtake you then I guess it will be a trouble. Managing your emotion is one of the most significance to master especially in trading because it will dictate what will be the outcome of your transaction, if you panic then its done. You should keep calm in order to think more clearly and to have countermeasure for unpleasant events like this bloodbath.

That's a good idea when you are in trading the best enemy you encountered is the emotion if you are going to fail to face this that's the reason for being a failure on this kind of business. Don't let the emotions decide when the moment of dropping the market instead keep calm and hold for a while never think a panic seller.

[Duzter]

To get rid of emotions while trading is possible through the habit of having patience. While trading the complete focus of the user should be upon the buying and selling point. When you got the chance to buy low and doesn't get the chance to sell at a price higher than the bought value then it is completely a loss and to overcome this it is a must to understand the truth or else should have patience to profit when the price peaks.

[sherwinsamsung]

I read somewhere that when you just lost bigtime, like losing in trade or got hacked or got scammed, it is very advisable to get yourself out of crypto world for a week.  do get connected in real-life activities like watching tv/movies and having chat/drink sessions with friends.  this will help pacify your emotions much better.

[Omega Weapon]

Emotions are always part of humanity especially when it involves personal funds. Trading requires one to make certain decisions and emotions are also one of the things a professional trader needs to put in place as well.  This article was helpful and I appreciate it.

You need to take complete control over your emotions when you are trading I know that there are a lot of people that take impulsive decisions when it comes to money like buying a video game or a piece of clothing but that kind of attitude when you are trading is going to make you lose a lot of money, that is why you should never trade with your emotions and you should only do a trade when the indicators tells you should do it.

[Agapelove]

Trading is not as simple as most people think. This a game of techniques and strategies. It has 3 sides: win-lose-breakeven.

Emotions during trading should be minimize if not avoided. Learn to set boundaries between work and personal. Learn the techniques.

[deppil]

In my opinion, I have been reading articles about discipline and how to control your emotions when trading. From experience, the best way to get rid of your emotions when trading is to have a strict and effective trading strategy and you have to be disciplined about it to the core. This is one of the ways to detach emotions from trading

Yeah maybe the way out you should to have a plan and a strategy and you have to be disciplined in following the plan or strategy
you make. so you will not be out of control or play emotionally. because you play according to your strategy

[baconlike]

I am like you, always anxious and thinking when the market falls, but I will be determined to hold my coin to the end and I will never sell them at a price lower or equal to the price in the ICO.

[alizalela7]

To get out of your emotions when trading you should breathe very hard and pick up new energy and try to ignore it but negative energy will get you the most balanced and harmonious emotions when trading.

[Chestt]

You have mentioned all the important aspects to it, including preparation, checklists, process orientation, and active emotional detachment, but I guess there's one tiny detail I'd like to add. In addition to breathing exercise, jogging would be a must. Take my word

[JohnWick_Bitcoin]

In my opinion, I have been reading articles about discipline and how to control your emotions when trading. From experience, the best way to get rid of your emotions when trading is to have a strict and effective trading strategy and you have to be disciplined about it to the core. This is one of the ways to detach emotions from trading

Every traders will always felt something when the market prices are dropping so there's no way for people to get rid of emotions because it was necessary to felt it, the best thing to do is just hold your coins to avoid losing your investments.

[thet]

Be confident with yourself that you've done a good decision with your investment.  Just look on the brighter side that the market will getting better soon.

[Hassan02]

In my opinion, I have been reading articles about discipline and how to control your emotions when trading. From experience, the best way to get rid of your emotions when trading is to have a strict and effective trading strategy and you have to be disciplined about it to the core. This is one of the ways to detach emotions from trading

Yeah maybe the way out you should to have a plan and a strategy and you have to be disciplined in following the plan or strategy
you make. so you will not be out of control or play emotionally. because you play according to your strategy

well you are right for that point based on your strategy everything that what result is are always based on you so better to be more efficient on taking some strategy of you.

[Tapyaks72]

In my opinion, I have been reading articles about discipline and how to control your emotions when trading. From experience, the best way to get rid of your emotions when trading is to have a strict and effective trading strategy and you have to be disciplined about it to the core. This is one of the ways to detach emotions from trading

Yeah maybe the way out you should to have a plan and a strategy and you have to be disciplined in following the plan or strategy
you make. so you will not be out of control or play emotionally. because you play according to your strategy

well you are right for that point based on your strategy everything that what result is are always based on you so better to be more efficient on taking some strategy of you.

Yeah be scientific and strategic would  would lead into a good decision making and of course being a risk taker but  in calculated risk, a discussion making based on some data and references is most likely will get a better results

[Opnsrc]

If you always worry about the market, this will make you make wise decisions, but if you invest, but reduce the number of tracking prices will make your mind more stable.

Some people can control their emotions. They can stop the panic anytime. They can find good things in the worst situation, and whatnot. As for me, I am always trying to be very positive, and it helps me.

[money_amount]

To get out of emotion when trading, only way is that you should supplement yourself with a lot of knowledge. When you have investment knowledge, then you remove from the emotions when trading.

[AleSergio]

The best way to get rid of emotion is to have a plan and you should just stick to it, you know how much you need and wat you need to do to achieve this. If you would try to do so, you will see a great result. Without planning it is difficult to trade, because you would be emotionaly unstable, because you just know how much you need and what you need.

[hubballi]

The best way to get rid of emotion is to have a plan and you should just stick to it, you know how much you need and wat you need to do to achieve this. If you would try to do so, you will see a great result. Without planning it is difficult to trade, because you would be emotionaly unstable, because you just know how much you need and what you need.

I agree with you if you trade with plan and systematic then surely we can surely earn good and most important is that don't ever think about past loss and just trade with current situation which will always give you profit

[Faxmate]

Our brain is hardwired to go into a fight or flight mode under stress, resulting in emotional responses like greed (taking too large risks), anger, fear (panic-closing) or fear of missing out. While this is a good thing when fighting lions in the savannah, it is a horrible thing when trading, and you need to make smart decisions and keep to your plan to keep making profits.
This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?

1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment

Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?

Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.

Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.

Active emotional detachment:
There is something called Tilt in Poker. Some players will actively try to insult players after bad beats to make the go tilt, or "emotional". This will result in very bad decision making. Maybe you remember Zinedine Zidane in his very last World Cup Game, head butting the italian player and getting sent of the pitch with a red card. The worst possible outcome. TILT.
If you still feel like you get emotional about trades, there are a few things you can do: Lowering your margins, lowering your leverage, take a break, breathing exercises, watch your favorite series or listen to music. Get a little distance to your trades, before continuing. NEVER trade on TILT.

How are you dealing with your emotions? Anything to add or to take away from this?

I liked your analogy with 'fighting lions in the Savannah' Still... yes, we should control our emotions during trading, but worrying is a part of human nature. We can't eliminate that totally. We can only learn how to behave in one or other situations, or suppress our emotions for a while. At the same time it is quite possible to control ourselves. For example I only trade when I’m in a good mood and nothing bothers me, it increase chances that I’ll keep on being calm. 

Yup a normal human being must have some emotion and some feeling but it is not good to let your emotion effect your profit, because sometime the price will be high and sometime it will be low, no need to be worry or flow with the emotion s to sell at panic, don’t waste your precious profit only for the mistake of being emotional at dump and sell at panic, think more than one time while making any decision.

[Cacao2017]

In order to be optimistic and objective you need to focus more on your preparation and selfishness, you can prepare the content of the transaction and do not let anything beat  yours not stress