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Thread: Emotions (money management)

  1. #41
    For looking into the plogy of your trading Thoughts, I would recommend Studying Trading on the Zone by Mark Douglas, and The little book of Behavioral Investing by James Montier. Very informative reading.

  2. #42
    Quote Originally Posted by ;
    For looking into the plogy of your trading mind, I would recommend reading Trading on the Zone by Mark Douglas, and The little book of Behavioral Investing by James Montier. Very enlightening reading.
    I had heard of the former publiion, but not the latter. Thank you.

  3. #43
    Quote Originally Posted by ;
    quote I don't know about going insane, but the risk of burning out emotionally is quite real. It is with every job, really, trading is just the same.
    I do agree with you, emotional outburst is unavoidable anywhere.
    But I have observed people going real mad about their trading which made the game much riskier to them.

  4. #44
    Quote Originally Posted by ;
    quote I do concur with you, emotional outburst is unavoidable everywhere. But I have observed people going real mad about their trading that made the game much riskier to them.
    Newbies, regrettably, often underestimate the demand for plogically training themselves the exact same way they study analysis methods, and for some of these who has unpleasant effects.

  5. #45
    That is why, I am trading with a fixed trading lots mended! I see, multiple trading lots size dominate my own emotions and greed! In this case, fixed trading lots size is much secure! Money Management is the core stage of succeeding.

  6. #46
    Trading is difficult. In trading, we could get a bit of stress. When a situation begins to turn against us, that's when we start to feel it. The red arrows on the chart accompany all the fears of failure which rush through our brains from nanoseconds. Since the loss continues to pile from us, that anxiety gets more and more deep; making the concept of taking action even more intimidating. And this is precisely how our fight-or-flight instinct could adversely affect us transactions, as we permit ourselves to make conclusions in extremely stressful states which, often-times, don't do us any favors.

  7. #47
    Quote Originally Posted by ;
    Trading is tough. In trading, we can get quite a bit of stress. When a situation starts to turn against us, that is when we begin to sense it. The arrows on the chart accompany of the fears of failure that hurry through our brains from nanoseconds. Since the loss continues to stack from us, that anxiety gets increasingly more deep; which makes the idea of taking action even more intimidating. And this is precisely the way our fight-or-flight instinct can adversely impact us transactions, as we permit ourselves to make conclusions in extremely stressful...
    That is pretty much exactly what happens, I agree. What do you do to repress that response when you trade?

  8. #48
    Quote Originally Posted by ;
    This is the reason why I am trading using a fixed trading lots fixed! I see, multiple trading lots size predominate my greed and feelings! In this case, fixed trading lots size is significantly protected! Money Management is the core point of succeeding.
    But I don't think so fixed lot trading dimensions consistently can restrain restricted emotions. It depends on markets movements.

  9. #49
    Quote Originally Posted by ;
    quote If it works, why not? I'm not sure I would have the ability to concentrate entirely on pips however. The market and price changes are of course the basis that needs to be thought about, but how you are moving all with your trading is signalled at the profit. It's like a sign that you are on the right path (for the moment of course, as modifiions may be instantaneous). On the other hand, from personal experience I know that continuously assessing the profit can be quite focus-drinking and emotion-unleashing. .
    Sorry late response...
    Well I just like to maintain my pip count high for the most part... Even Though It's hard to watch off the cash but I ultimately watch my pips for entry and SL/TP

  10. #50
    The most vital factor that ought to be considered really is cash management, maintain a egic space from feelings, put your limits every days and don't break (put TP/SL) on each last place. Make your frame as Mechanical as you can. . .that suggests that you turn into a robot when trading. Figure out how w/o becoming all Zen and to draw out of your conscience recognize and watch your own contemplation's. It will take a great deal of training and tolerance to shield away feelings and uneasiness from trading nevertheless rehearse they state makes culminate.

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