Beginners - Kill your emotions

Key to remain calm and with cool head is to be in control of your investment. If you are in control of what is going on, you can be cool enough to make solid decisions. Otherwise, panic happens when things get out of control. I have to add that emotions are the ones that trigger your actions. Thinking is a passive process. So instead of controlling or switching off emotions (which is impossible as already said), we can focus on controlling the money we put into trading, including proper risk management.
I also agree about the important of perseverance, especially if you improve something with each new iteration.

Good point janette! I totally agree with you!

Stress can be avoided using the EA, it is probably best solution

I don’t know, the lack of control related to EAs stresses me out even more.

Good advises, it is practically impossible to leave yourself wit cool had during trading unless you burn your head a couple of times :-) if you understand what I mean

mlawson71 posted:
I don’t know, the lack of control related to EAs stresses me out even more.

Yeah, that's true! 😁
@janettte Well said, I agree with you!

Clert posted:
Good advises, it is practically impossible to leave yourself wit cool had during trading unless you burn your head a couple of times :-) if you understand what I mean

Hahaha, be careful when you play with the fire! 😉

I would simply like to add that even the most experience trades make noob mistakes. I think the reality is we fail to understand who we are, thus not realizing why we make the decisions which we make. Al though I believe most of the forex systems out there are based on a crap, the reality is that some people follow very strick rules which provide excellent results.

I have read that joke in forums, but when we trade we need to stick closely to the saying: 'The trader need to have patience like North American Indian and on the same time the discipline as a soldier of Wehrmacht'

Hi All

I am new trader with little 5 months experience.. I have live account and just losing/surviving in the market.. Could I follow signal providers or EA..
Please assist me in this regards.

Iftikhar Shah.

Charles_F posted:

Clert posted:
Good advises, it is practically impossible to leave yourself wit cool had during trading unless you burn your head a couple of times :-) if you understand what I mean

Hahaha, be careful when you play with the fire! 😉

Hahaha, that is one interesting mental image. Kind of true too, I have definitely had moments when I’ve felt like my head was on fire while trading.

mlawson71 posted:

Hahaha, that is one interesting mental image. Kind of true too, I have definitely had moments when I’ve felt like my head was on fire while trading.

Everyone who ever dealt with real accounts had ;)

mlawson71 posted:

Charles_F posted:

Clert posted:
Good advises, it is practically impossible to leave yourself wit cool had during trading unless you burn your head a couple of times :-) if you understand what I mean

Hahaha, be careful when you play with the fire! 😉

Hahaha, that is one interesting mental image. Kind of true too, I have definitely had moments when I’ve felt like my head was on fire while trading.

If that happens, best to stop trading and seek medical attention immediately, or at least have an extinguisher within reach! 😁

Hahaha, that is one possible solution to the problem.

xgavinc posted:

mlawson71 posted:

Charles_F posted:

Clert posted:
Good advises, it is practically impossible to leave yourself wit cool had during trading unless you burn your head a couple of times :-) if you understand what I mean

Hahaha, be careful when you play with the fire! 😉

Hahaha, that is one interesting mental image. Kind of true too, I have definitely had moments when I’ve felt like my head was on fire while trading.

If that happens, best to stop trading and seek medical attention immediately, or at least have an extinguisher within reach! 😁

I believe that moving of price towards TP is the best extinguisher ever 😉😁

Sotarbin posted:

xgavinc posted:

mlawson71 posted:

Charles_F posted:

Clert posted:
Good advises, it is practically impossible to leave yourself wit cool had during trading unless you burn your head a couple of times :-) if you understand what I mean

Hahaha, be careful when you play with the fire! 😉

Hahaha, that is one interesting mental image. Kind of true too, I have definitely had moments when I’ve felt like my head was on fire while trading.

If that happens, best to stop trading and seek medical attention immediately, or at least have an extinguisher within reach! 😁

I believe that moving of price towards TP is the best extinguisher ever 😉😁

If it doesn't you risk spontaneous combustion! 😲 Which ironically happened to me last night (@mlawson - that's like 17 or 18th bust now in 6 years 😳) - Note to self (again!): don't change your strategy if it's been working for over 6 months! 😡

As to my emotion (pertinent to the thread) - Ah bugger!, ok, refund, let's go! (no emotion... been doing this too long for that) 😁

Ouch, I’m sorry that happened. Last night I did the best thing I could possibly do – I closed all positions and I went to bed early, because I needed a good night’s sleep. No strategy can help you if you’re too tired to think.

Slow wins the race, got a little too ambitious, thought it would work... guess not 😁. Just another addition to my list of 'Don't do these again, no really, dont!' 🙄

xgavinc posted:
Slow wins the race, got a little too ambitious, thought it would work... guess not 😁. Just another addition to my list of 'Don't do these again, no really, dont!' 🙄

exactly you need to act at proper time
it takes a lot of practice to determine moment when it is better to wait and moment when it is better to act