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Emotional Trading
Uczestnik z Jul 19, 2020
788 postów
May 26, 2021 at 15:01
Uczestnik z Jul 19, 2020
788 postów
Profits cannot be gained by trading for a long time if emotions cannot be controlled. Emotional trading tends to ruin a trader's investment. So stay away from emotional trading.
Uczestnik z Apr 03, 2021
470 postów
May 26, 2021 at 22:42
Uczestnik z Apr 03, 2021
470 postów
Trader need to control emotion because they can't control the market, its impossible retail trader can control the market, so if they can't control own emotion, hence the market will easily to beat us, greedy is one most bad emotion for a trader that leading to get in failure, if one loss already making us emotion stop trading and wait for next day opportunity.
Uczestnik z May 27, 2021
57 postów
May 27, 2021 at 09:36
Uczestnik z May 27, 2021
57 postów
FXOday posted:Exactly, emotions always ruin the trading, the only way of making trading profitable is to avoid every sort of emotion and focus on understanding the market.
Trader need to control emotion because they can't control the market, its impossible retail trader can control the market, so if they can't control own emotion, hence the market will easily to beat us, greedy is one most bad emotion for a trader that leading to get in failure, if one loss already making us emotion stop trading and wait for next day opportunity.
Uczestnik z May 27, 2021
64 postów
Uczestnik z Mar 28, 2021
617 postów
May 27, 2021 at 11:47
Uczestnik z Mar 28, 2021
617 postów
Getting influenced by emotions during trading is one of the reasons people lose money. Sometimes people open trade out of overjoy, sometimes out of frustration. One should open trade only if your strategy permits.
Uczestnik z Apr 15, 2020
219 postów
May 28, 2021 at 06:46
Uczestnik z Apr 15, 2020
219 postów
FXOday posted:You have correctly described every day trading of a retail broker. Its 100% true that a retail trader has no control over the market, he can only perform according the prevailing situation. If you are losing then take a break and start fresh.. Trading under emotional distress will draw you down to more losses.
Trader need to control emotion because they can't control the market, its impossible retail trader can control the market, so if they can't control own emotion, hence the market will easily to beat us, greedy is one most bad emotion for a trader that leading to get in failure, if one loss already making us emotion stop trading and wait for next day opportunity.
The more your practice, the more you learn.
Uczestnik z Jul 19, 2020
751 postów
Jun 03, 2021 at 06:49
Uczestnik z Jul 19, 2020
751 postów
Usually there are two types of emotions on trading that affect a trader. One is fear and is greed. Fear of losing money and fear of losing opportunity. Due to greed traders open big lots and revenge trade. To be successful one needs to overcome this.
Uczestnik z May 31, 2021
35 postów
Jun 03, 2021 at 12:47
Uczestnik z May 31, 2021
35 postów
UweMoench posted:I agree with you, most of the traders have fear of losing money but this can be overcome by proper risk management and by being patient, patience is very important for a trader to avoid risks and losses.
Usually there are two types of emotions on trading that affect a trader. One is fear and is greed. Fear of losing money and fear of losing opportunity. Due to greed traders open big lots and revenge trade. To be successful one needs to overcome this.
Uczestnik z May 31, 2021
48 postów
Jun 04, 2021 at 07:24
(edytowane Jun 04, 2021 at 07:24)
Uczestnik z May 31, 2021
48 postów
We should trade on forex like a numb, bcz feeling can sometimes take you on good and bad moods and from that moment we don't know when to think less. There is no clear cut line that a trader have not to cross for being greedy or fear. So sit like a robot and think like advance human species those have less emotions.
Uczestnik z May 31, 2021
13 postów
Jun 04, 2021 at 10:11
Uczestnik z May 31, 2021
13 postów
If you say that you'll trade without any emotions, then it's not possible. Emotions will always be there. You can only control those emotions. You can read Trading in the Zone by Mark Douglas. This book is called the bible of the trading psychology and will be of huge help to those who are struggling with their emotions.
Jun 04, 2021 at 12:33
Uczestnik z Dec 21, 2020
36 postów
eddieteddie posted:Agree with you. Emotions will come since your funds are invested in that but one can surely try to tackle those emotions sensibly.
If you say that you'll trade without any emotions, then it's not possible. Emotions will always be there. You can only control those emotions.
Uczestnik z Jul 19, 2020
788 postów
Jun 04, 2021 at 16:54
Uczestnik z Jul 19, 2020
788 postów
eddieteddie posted:Yes, Psychology needs to be maintained. I think there is a possibility of loss in a profitable trade in emotional trading. But if I meditate regularly, I will be protected from emotions.
If you say that you'll trade without any emotions, then it's not possible. Emotions will always be there. You can only control those emotions. You can read Trading in the Zone by Mark Douglas. This book is called the bible of the trading psychology and will be of huge help to those who are struggling with their emotions.
Uczestnik z Jun 04, 2021
5 postów
Jun 04, 2021 at 19:38
Uczestnik z Jun 04, 2021
5 postów
Yes! This is why trading is really just about traders' psychology. It's what controls the prices of any market. Behavioral Economics/Finance is surely an interesting subject.
“Don’t be afraid to give up the good to go for the great.” – John D. Rockefeller
Uczestnik z Jul 27, 2020
102 postów
Oct 07, 2021 at 10:40
Uczestnik z Jul 27, 2020
102 postów
Dangerous or not, emotional is not the right trait to have while you are trading, it is quite risky and can lead to the wrong judgment in your trading.
Uczestnik z May 27, 2021
57 postów
Oct 07, 2021 at 12:11
Uczestnik z May 27, 2021
57 postów
cardigan posted:I agree with you, emotional decisions in forex can only lead to losses and risks.
Dangerous or not, emotional is not the right trait to have while you are trading, it is quite risky and can lead to the wrong judgment in your trading.
Uczestnik z Jun 14, 2021
53 postów
Oct 08, 2021 at 11:16
Uczestnik z Jun 14, 2021
53 postów
Emotions are natural and one can never control them. What a trader can do to avoid emotional trading is to stop reacting to the points that trigger their emotions, for example when a trader faces a loss. If a trader does not react to such circumstances it is highly unlikely for them to fall into the emotional trading trap.
Uczestnik z Aug 05, 2021
401 postów
Oct 12, 2021 at 17:01
Uczestnik z Aug 05, 2021
401 postów
Sorry to hear about the bad luck! I think it's normal to feel some emotion while trading but the important thing is to manage it and not allow it to affect your trading plan. If you need to, step away and take a breather when this sort of thing happens or do something that makes you feel relaxed, then come back with a clear head.
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