Emotions (money management) - Page 2
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Thread: Emotions (money management)

  1. #11
    Quote Originally Posted by ;
    Make your system as Mechanical as you can. . .that signifies that YOU become a robot when trading....learn to Detach from the mind....and w/o becoming all Zen on you....acknowledge and observe your ideas (and hence your emotions)....and cut out on the chatter....here are a few good sources:



    http://www.amazon.com/High-Performan... MessageThanks
    I concur with what you cite in your article. I actually purchased this book from Amazon, it was about $29 or something but was a waist of my money! Poorly written and guie! I wish I kept the money!

  2. #12
    Quote Originally Posted by ;
    Have confidence in yourself and at the trading method used is what's needed to avoid being a victim of your own emotions.
    Wow ... your first article ... is a advise to me ... thanks mate I appreiate it

  3. #13
    Quote Originally Posted by ;
    Hello

    The most important component which should be contemplated seriously is cash management ... prevent feelings ... put your limitations each days and dont break ... (put TP/SL) on each and every position ... and there's many more ... please add additional points since this is the maximum when not the only thing which should be taken seriously before start considering putting an order or standing ... analyse carefully the market befor doing something....


    Please traders put in more point based on your expertise
    Well, based on my experience, I'd state cash management is the simple portion of trading Forex. You have complete control of the size of your commerce along with the placing of your TP and SL.

  4. #14
    The simplest way to cut off emotion is to turn your trading egy into an EA. At least a semi-automated one that will help you out with all the entrances and/or exits. For average trader, the only ways to receive un-emotional is...

    1. Years of display time
    2. Born without feelings
    3. Trading miniature capital whereby losses and wins do not make an itch

    Good luck!

  5. #15
    Quote Originally Posted by ;
    The easiest way to cut off emotion would be to turn your trading egy into an EA. At a semi-automated one that will help you out with all the entries and/or exits. For average trader, the only ways to receive un-emotional would be...

    1. Years of display time
    2. Born without feelings
    3. Trading tiny capital whereby wins and losses don't create an itch

    Good luck!
    Trading techniques operate as long as you realize their limitations and have them set up based on how you'd trade the market.

  6. #16
    Quote Originally Posted by ;
    The easiest way to reduce off emotion is to turn your trading egy into an EA. At least a semi-automated one which helps you out exits. For typical trader, the only ways to get un-emotional is...

    1. Years of display time
    2. Born without emotions
    3. Trading tiny capital whereby losses and wins do not make an itch

    Good luck!
    Enjoy the last one, on tiny itches which do not matter - makes sense to go ahead with a micro account pre-egy.

  7. #17
    In my experience nothing surpasses feelings better than thoroughly testing a egy for 2k candles (back test) and then a few weeks/months on a demo account before going live. When you've done this, you KNOW your egy works, so reductions bother you less.

    I'm down 15pips now and could not care less. . .because I spent hours (more like months, lol) analyzing my egy before going live.

  8. #18
    Quote Originally Posted by ;
    Make your system as Mechanical as possible. . .that signifies that YOU become a robot when trading....learn to Detach from the Emotions....and w/o getting all Zen on you....acknowledge and watch your thoughts (and thus your emotions)....and cut the chatter
    Well stated!

    Be a market. Surgeons have the task laid out beforehand. They do not panic when the patient bleeds more than he or she should. The task was made to cover all or any mishaps.

    Running!

  9. #19
    Perhaps I prefer the first: 1. Years of screen time. I am trading on demo account now. And do not feel for trading live. It wants a long period time to control your own emotions.

  10. #20
    Quote Originally Posted by ;
    quote nobody has never dropped a $ due to emotions. If you act on your emotions, then that's if you lose money.
    I'm not sure I understand the difference. In conclusion, one loses money because they make a poor decision because they are emotionally affected, hence they lose money due to emotions?

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