New to trading? Learn to be an emotionless trading machine

[jrrsparkles]

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.

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.

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.

[joshy23]

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.

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.

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.

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.

[akram143]

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.

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.

[Netnox]

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.

[bonker]

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.

[BeGoods]

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.

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

[mornabo]

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.

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.

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.

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

[guoyu78]

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.

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".

[kodtycoon]

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

[deisik]

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.

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

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

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

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

[BeGoods]

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.

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.

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.

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..

[Torps1]

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 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.

[Netnox]

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.

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

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.

[bummm]

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.

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.

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.

[sana54210]

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.

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.

[deisik]

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

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)

[Rufsilf]

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.

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.

[Cosbycoin]

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.

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.

[michellee]

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.

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.

[Best Dreams]

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.

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.

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.