Emotions when trading - page 4

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transcendreamer:

there is a method - the main thing is to admit in your mind that the deposit is already lost and not to worry, then there will be no emotions

I meant above that most stupid and hurtful mistakes happen when money is important

you have to make the money not matter, you have to forget about the money.

get rid of the money in your head - then everything will go much better!

after all money is rubbish isn't it?

 

Practical conclusion №1 - you should have as much in your account as you can afford to lose and not get upset.

practical conclusion №2 - after opening a deal we consider in advance that the stop loss has already triggered and mentally "write off" the money from the account

it means you do not have to worry and go to the bar for a drink!

and if a stop loss does not trigger a profit - well, okay, it's not bad either!

practical conclusion No. 3: think less about the money and more of it will come to your account!

The point is that we stop worrying about the fate of the position and do not spoil the situation by closing it prematurely.

the losses are limited if the SL is placed

There is only one thing left - to learn to bet along the trend and stop being so smart and not to bet against the trend.

 
Globtroter:
I disagree.
Trading is not a game.
Gamblers don't belong here.
Gamblers will be wiped out.

Your education, whatever it is, does not apply to the Exchange.
You have to come to the Exchange "clean and empty". Leave all your past knowledge behind.

You won't need them here. The psychology is different here.

Different psychology? Is it divided by nationality or occupation now? All have the same psychology to gain positive emotions from the work they do. In our case, it is making a profit for beginners and taking the maximum possible movement for the pros. I don't want to get into an argument about it. Soon my book will be published (I think near the middle of the summer), which summarizes the research of psychologists from different countries concerning the behavior of different groups of financiers and traders, including those. Then we will argue.
 
transcendreamer:

I meant above that most stupid and hurtful mistakes happen when money matters

you have to make money not matter, you have to forget about money.

get rid of the money in your head - then everything will go much better!

After all, money is rubbish, isn't it?

Money is a means to an end. I wish more of it was rubbish))))
 
transcendreamer:

the losses are limited if you put a stop loss.

There is only one thing left - to learn how to bet with the trend and stop being clever and not to bet against the trend

I had a case where I set a stop loss and thought the money was protected.
I left the position for the weekend.
I did not wait for the opening of trades on Sunday night.
I went to bed.
And when I woke up in the morning, I saw that the market had opened with a gap behind the stop level.
Just jumped over it.
So it's not always like that.

I very much agree with the second line.
I try to trade only with the trend.
I realized a long time ago that any position can be turned upside down that way.
Trend is your Frend.
 
Argo:
A different psychology? Is it divided according to nationality or profession now? The psychology of all is the same: Gaining positive emotions from the business you are engaged in. In our case, it is making a profit for beginners and taking the maximum possible movement for the pros. I don't want to get into an argument about it. Soon my book will be published (I think near the middle of the summer), which summarizes the research of psychologists in different countries concerning the behavior of different groups of financiers and traders as well. And then we will discuss it.
Ok. I am waiting for the release of your book. I will definitely buy a copy. I will contribute to your enrichment. :-)
Just practice shows that the market does not care what your profession is.
To pull money out of the pipe you need your TS. It's like a fingerprint, unique in its own way for each of us.
Developed over time through feelings, thoughts, practice.
Even if you tell others about your TS, they will not be able to apply it the same way you did.
Because they are not you. Your TS belongs to you alone.
Everyone has a different approach to the Market. And everyone adjusts himself on his own way to the result.
Because the Market is so unpredictable, each of us is different.
 
Argo:
Wrong approach!!! One of the higher education degrees I received was in "Practical Psychologist" and I can say with certainty that your approach will only allow you to lose consistently. It is necessary to treat trade as an entertaining game (like chess, provided that it's not a pawn you surrendered to the opponent and caught a moose) and to renounce the thought of money. Then everything will work out.
Who plays the game loses. You have to work to make a profit.
 
The most important emotion is when you enter the market and the price goes against you =) here begins untranslatable Russian =) here it is the emotion of the market =) and all the rest is just the SL and TP =)
 
Myth63:
The most important emotion is when you enter the market as an elephant and the price goes against you =) that's where the untranslatable Russian comes in =) that's the emotion of the market =) and the rest is just SL and TP =)
I have the same thing sometimes - it's good that I gave up using untranslatable Uzbek :)
 
izzatilla:
He who plays loses. You have to work to make a profit.
Playing in the market is cooler than casinos and walking, wandering, shooting and catching up, especially when every day there is a new idea or a good find and you realize that everything can work out as planned, and even better if it works out - the day is not wasted... and it's all on your own from no one and on no one. A long time ago they would have made slot machines with this quite legal game and at least 50/50 bets and wabank than run from the police. Where will the gold go and by how many points? - bet gentlemen losers drink for free - here is an idea - money out of the gambling air and out of the gambling zone...
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