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Emotion in Fx
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togr

Member Since Feb 22, 2011  4443 posts vontogr (togr) Feb 12 2018 at 13:40
Skater posted:
I second that. EA is the easiest way to keep a cool head and made som pips


Exactly :)

I like what I trade, I trade what I like
Imamul

Member Since Aug 09, 2017  324 posts Imamul Feb 25 2018 at 06:15
Not only beginners, there is no one successful or loser which has no emotions. But the different is experienced traders always able to control their emotions by proper trading discipline that cannot the beginner. That’s why they have to be disciplined and experienced by passing long times in here with great survive.

Imamul

Member Since Aug 09, 2017  324 posts Imamul Feb 25 2018 at 06:48
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Feb 26 2018 at 14:50
Imamul posted:
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.


That's true, but how do you propose to gain such discipline?

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Feb 26 2018 at 23:08
Charles Duhigg has an interesting book called 'The power of habit',having a plan for your trading day helps too,have a set time you start,take regular breaks,do you feel focused today,how many trades will I take today,what's my limit on losses,have a distraction while waiting on a setup,etc.

"They mistook leverage with genius".
mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Feb 27 2018 at 15:09
snapdragon1970 posted:
Charles Duhigg has an interesting book called 'The power of habit',having a plan for your trading day helps too,have a set time you start,take regular breaks,do you feel focused today,how many trades will I take today,what's my limit on losses,have a distraction while waiting on a setup,etc.


I've never heard of him, but this sounds like an interesting recommendation that I need to look into. Thanks for that.

BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) Feb 28 2018 at 13:42
mlawson71 posted:
Imamul posted:
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.


That's true, but how do you propose to gain such discipline?


The discipline comes with screen time and experience :)

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Feb 28 2018 at 14:10
BaldoN posted:
mlawson71 posted:
Imamul posted:
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.


That's true, but how do you propose to gain such discipline?


The discipline comes with screen time and experience :)


That much is true. But surely there is a way to speed up the process? Exercises, meditation even?

togr

Member Since Feb 22, 2011  4443 posts vontogr (togr) Mar 01 2018 at 09:02
snapdragon1970 posted:
Charles Duhigg has an interesting book called 'The power of habit',having a plan for your trading day helps too,have a set time you start,take regular breaks,do you feel focused today,how many trades will I take today,what's my limit on losses,have a distraction while waiting on a setup,etc.


Still sounds like it is better to let the EA do your job better than you.

I like what I trade, I trade what I like
Imamul

Member Since Aug 09, 2017  324 posts Imamul Mar 01 2018 at 13:18
Emotions and greediness is difficult to control for the beginners when there is a large amount. But in micro account there is no chance. So, of course it can be suitable for beginners

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