New to trading? Learn to be an emotionless trading machine

[millensharon8]

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.

[harizen]

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.

[dante1265]

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

[Awesomus Maximus]

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?

[Gembul0705]

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.

[figmentofmyass]

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?

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.

[nl247]

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.

[arpon11]

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.

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

[avarnet]

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

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

[sana54210]

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.

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

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.

[neonshium]

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.

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.

[ShadowBits]

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.

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.

[BlueStackz]

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

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.

[davinchi]

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.

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.

[clrpod]

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.

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.

[BitHodler]

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.

[rickadone]

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.

[ongkok87]

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

[Coolman4]

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

[clrpod]

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.

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.