Do You Need To Put Your Emotion in Trading ?

[Rashid555]

In psychology there are some vies like one is you can work better with emotions but that is useful in charity and emotions and while other school of thought says that emotions some time not good in the selling and buying businesses because when emotions control you fully then your profit will be affected.

[vidprab5]

If we want to be a successful trader and if we want to make good profiits every trade, then we need to set our emotion aside. Cause emotional people can't get success in trading field.

Trading is not an easy game in the first place and if you mingle your emotions with your thoughts to decide about something, you would never get it straight. But if another man does, it gives you knowledge and enables you to understand about the consequences of the decisions based on the emotional intuitions. In addition, it is of no use in the first place as well. Loss is something that will not benefit you if you make your decisions on the basis of emotions and not data and market signals.

[forked human]

From what I have noticed, if you stick to your profit booking and stop loss targets while trading, then the chances are that you will end up with positive returns. But when people get too greedy, they don't care about these targets.

The more emotional you get, the more un-strategic your decisions would be so it is of no use being emotional in the business. One should focus entirely on the market signals and the personal intuition while making a trading decision.

[hahay]

Anyway, involving emotions in any case will only make you frustrated because you cannot control yourself well, especially if your emotions cannot be blocked when you are trading, because I am sure you will only lose profits because you cannot appear calmly and think well when emotions control your brain.

[West0813]

It is ok to put our emotions in trading as long as it will ruin our strategy in trading. And don't let our emotions get the best of us. Becaise it will lead us to some bad decisions.

[bering]

We can't avoid emotion because this is human nature especially if we do trading which is required money to do so and when money involved then automatically we will involve our emotions too but learn to control your emotions while trading is good because if we can do that then it can be lead us to decide right decission

[raghovsing34]

We know that there have lot of people who are very emotional. They can not get much benefits from trading. Cause if we can't control our emotion in trading then we will take wrong decision and for this we will lose our money.

[bedford1972]

"There are two schools:
1. People want to eliminate emotions in the trading. He is practicing emotional limitation in a particular environment. Extend the mind both in depth (towards emotional elimination) and width (to the environment other than trading).
2. People want to control emotions. Work with him must have both greed and fear to progress. "
This is exactly the 2 schools to deal with trading psychology. I would like to analyze a little difference between these two schools.

Eliminate emotions

This is a group of trader that emotion is the problem, to kill the problem to kill the original is to remove emotions from the trading process. They learn how to keep the emotional impact to a minimum. And to put the mental state in the mind and consciousness.


Some ways to eliminate emotion are to look at the issue in a different way in order to separate emotions from the psyche. Or whenever the emotion signals out of control, the trader immediately distracts himself to avoid consequences.

Put another way, getting rid of emotion is making the robot look as good as possible. The ultimate goal of this school is to promote the power of reason and to reject emotion.

Emotional control

In contrast to the above, some other traders said that should not seek to eliminate emotions. May be because it is not necessary, or can not be eliminated. So one must choose one way to live and control emotions.

With this school, you will apply the transition, the emotional direction to beneficial goals such as using stress to increase concentration, turning heart to aspire to success, turning the fear of losing money into spirit the law,...

These traders "use" emotions instead of removing emotions. Because they believe that emotions create new motivation for success.

For you, which school is better suited?

I do not discuss the correctness of the two schools. I just put up an open question for you. What school do you follow? How will you do it? How is the effect? Share your experience, your opinion about these two schools?

I kill my emotions all the time at work. It makes my mind bright and bright. Before you start working, I inspire myself that I do not work with money, and with numbers and graphs. This is very helpful in trading. The fear of losing money goes away, because I have already invested what I am ready to lose. I train on paper from time to time. I do not make any purchases or sales. I do it in my head and on the chart to make sure of my method. Thus, I reduce the risks of losing their funds and at the same time train the skill of trading, which in the future can lead me to good earnings. The main thing to understand that all the money does not earn and your money will not go away from you. I hope my way someone will like and will help to cope with unnecessary and pointless stress 

[onirecon2018]

Feelings are made by experience, there are people who feel good about the coin they feel the coin will grow and the coin is reduced. But not so many people and when dealing you need good emotional control. And this is not easy for most people.

[Lynks]

Emotion is not needed in trading always know when to sell without any emotion attached to it. Involving emotion might make you not sell your token even when it hits its all time high price then later decline

[rationotled]

While trading in the market there should not be any emotions with a person.
If so the trading cannot be done properly. Trading is a part of business there should not be any emotions.

Only if emotions can help you formulate a good strategy and policy. If not, better use your own mind and the signals the market gives you. It is very important to have an insight to the market that gives you the information about the next step to take.

[BlueStackz]

Our emotions are part of the decisions we’ve made in life specially when this will effect our financial aspect and this investment is not far from that
As a starting trader i am using another strategy ,not just TA and speculative instead i am putting my instincts when deciding,and luckily i am successful in my so far trading,though i know theres no permanent winning in this riskiest area of profiteering

Well, as much as I can agree with the fact that our emotions are part of the decisions we have made in life, there are just some things in this life that does not really require emotions.

One thing for sure, is that it is a part of every human to be emotional when it comes to a lot of things, but when it comes to things that has to do with professionalism, you really do not need your emotions, as you need your knowledge to execute plans effectively rather than letting your emotions overrule you.

A lot of traders’ today trade with emotions because they have no single idea what they are doing, and with that, there is actually no level of preaching that would stop them from being emotional.

[drachman]

Sometimes it's very difficult to put aside your emotions when trading. But in the real sense, applying emotions in trading is the easiest way for one to lose everything. Emotions will always push you to want gain more and in that process, you will find yourself losing everything profit you have worked for. Don't apply emotions when trading.

Without a doubt it is very difficult to leave your emotions behind when you are a trader but it's something that must be done, there are so many examples of people trading with their emotions and then losing all their money by doing it that there are many books that make some of their first lessons to try to make you to control your emotions, that should show you how important it is.

[joromz1226]

Our emotion is already a part of human being and it is not possible to remove it in our personal character.
Therefore, since that emotion was there always we need to learn and find out of how to control it properly, well in fact,
it can help us in a good way or bad things depending on how are we are going to use, but if we don't know the properly no wonder that
it can lead us to loss our coins in the end.

[creeps]

Emotion should set aside always when it comes to trading decision because any emotion can distract you and it can result to a bad decision. In trading, it must be done through studies and not based on any emotion.

At first, I experienced to trade with a lot of emotion the excitement is there but too much of that is really not good and every time I loss in trading I feel the depression. We must overcome this kind of emotion, and continue to learn more about trading that is base on our efforts studying one specific investment.

[Roukawa]

Of course yes! We need also to react base on our emotion but not all times and not exaggerated. Sometimes, we react on a situation based upon our experience. That is how we use our Emotional Quotient. If you experience in a trap before then you will not hessitate to do the different situation unless you have the risk or you have second plan whenever your execution fails

[Finestream]

Emotion should set aside always when it comes to trading decision because any emotion can distract you and it can result to a bad decision. In trading, it must be done through studies and not based on any emotion.

At first, I experienced to trade with a lot of emotion the excitement is there but too much of that is really not good and every time I loss in trading I feel the depression. We must overcome this kind of emotion, and continue to learn more about trading that is base on our efforts studying one specific investment.

Right.Having emotions in trading will not give us good benefits in the end,rather it will only destruct our focus on trading.But if we cannot eliminate our emotions totally,atleast we will try to control them.Emotional control can still help us in gaining success in trading.

[BoitCoinZen]

In my opinion, don't bring emotions in trading because it could cause losses. When you're angry you can't focus
what's in front of you. In the world of trading we have to always be patient towards what happened.

In fact, it is always a saying that put emotion into trading and trading will show you the best side of it when it comes to making you get emotionally drained to the core.

A lot of people today have lost a lot in trading as a result of getting their emotions play the best part of them and as a result of not trying to gain as much knowledge and skills they will need to be able to make good calls when it comes to trading without having to add emotions. Normally it is always, either you get emotional and get screwed; or you know what you are doing and do it right.

Yes sometimes being emotional can help you to achieve much more than usual. But yes, this is too observed that being emotional can lead you to loss too and later on happens most of times.

[drachman]

Of course yes! We need also to react base on our emotion but not all times and not exaggerated. Sometimes, we react on a situation based upon our experience. That is how we use our Emotional Quotient. If you experience in a trap before then you will not hessitate to do the different situation unless you have the risk or you have second plan whenever your execution fails

But that is precisely the problem with using your emotions when you are trading how do you know that you are using your emotions in the right way and that you are not overreacting to what's happening in the market? This is why one of the most common advices is to leave your emotions behind you because that way the way you trade is going to be a lot more predictable.

[Zadicar]

Of course yes! We need also to react base on our emotion but not all times and not exaggerated. Sometimes, we react on a situation based upon our experience. That is how we use our Emotional Quotient. If you experience in a trap before then you will not hessitate to do the different situation unless you have the risk or you have second plan whenever your execution fails

But that is precisely the problem with using your emotions when you are trading how do you know that you are using your emotions in the right way and that you are not overreacting to what's happening in the market? This is why one of the most common advices is to leave your emotions behind you because that way the way you trade is going to be a lot more predictable.

You got the point and I don't see that someone can able to differentiate emotions on a exaggerated manner or just on a typical reaction on what we are doing or on
how the market moves.

Being emotional on such actions doesn't really fits out here on trading because if you do let yourself being controlled of your emotions then most likely decisions would be mainly affected.