Is it possible to feel no emotion when you win or lose a trade?

This is a discussion on Is it possible to feel no emotion when you win or lose a trade? within the Psychology, Risk & Money Management forums, part of the Methods category; For most people it is not entering that will be an isssue it is if the trade goes against them ...

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Old Sep 19, 2014, 6:58pm   #9
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For most people it is not entering that will be an isssue it is if the trade goes against them that emotions start to become apparent in my view.
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Old Sep 19, 2014, 7:03pm   #10
 
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not saying entering a trade is an issue. But if you are feeling emotion when entering a trade, i.e. excitement at the possibility of winning, or anxiety at the possibility of losing, then you obviously are increasing the emotional impact that occurs when you win or lose the trade.

If you don't have emotion when entering the trade, it means you have your emotions under control, and recognize that the trade could go for or against you, and are willing to accept that either way, win or lose.
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Old Sep 19, 2014, 7:05pm   #11
 
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having said all of that, at any point one could lose control over their emotions. So, I agree with you in that it could still be an issue when you win or lose the trade.

But I believe it is a huge step in the right direction if you can consistently enter trades without emotion...

again, if you start off with heavy emotion, it's going to be harder to reel it in by time you win or lose the trade. If you start off with no or little emotion, much easier to maintain that through the duration of the trade...

Last edited by aliasentric; Sep 19, 2014 at 7:13pm.
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Old Sep 19, 2014, 7:37pm   #12
 
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Probably responding too much on this topic, but lack of control over emotions has been one of the biggest factors in my trading failures. So, I have focused a lot on this topic (not saying I've mastered it yet).

I strongly believe that every aspect of trading - strategy, money management, how much you are risking, what time frame you are trading on, how often you are checking on trades, how long you are willing to let trades run, whether you hold over the weekend, etc. etc. etc. are all tied to emotions. Each factor will either help you control emotions, or be a contributing factor to your losing control over your emotions.

Once you put it all together, in that you trade in such a way that helps you control emotions, and you don't let any momentary lapse in control derail you, and you know how to regain control when you lose it, then you'll have emotional stability when you are trading, not that you feel absolutely no emotions, but they are controlled, and don't cause you to blow your account.
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Old Sep 19, 2014, 8:06pm   #13
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Reduce your size and Calm the Hell Down.
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Old Sep 19, 2014, 9:38pm   #14
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Every human being will has to deal with their own emotions through their life. Some wear them on their sleave- sharing them openly - while others remain totally in control and keep them hidden - no matter what situation they are dealing with ie a family Bereavement - or being left a large amount of money from an Aunt

Situations that occur more regularly can be normally handled with less emotion - is the mind gets used to the situation and deals with it with less feeling.

With regards to trading - that is one reason I prefer to trade short term - I am totally used to winning and the trades I lose on are nothing new to the mind - they basically happen every session and are quickly overcome with no big worry :-)
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Old Sep 19, 2014, 9:48pm   #15
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A lesson that may help people here is to realise that you are not your emotions and for that matter you are not your thoughts or beliefs and most importantly not your ego either. They are all there and have to be there but if you can step back from identifying with these then trading becomes somewhat easier in my view.
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Old Sep 19, 2014, 10:27pm   #16
 
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Quote:
Originally Posted by Forexmospherian View Post
Every human being will has to deal with their own emotions through their life. Some wear them on their sleave- sharing them openly - while others remain totally in control and keep them hidden - no matter what situation they are dealing with ie a family Bereavement - or being left a large amount of money from an Aunt

Situations that occur more regularly can be normally handled with less emotion - is the mind gets used to the situation and deals with it with less feeling.

With regards to trading - that is one reason I prefer to trade short term - I am totally used to winning and the trades I lose on are nothing new to the mind - they basically happen every session and are quickly overcome with no big worry :-)
F - Good for you. Glad it works for you that way. I wish I could do that, but trying to catch market moves up and down all day wears me out. Causes anxiety, and drains me emotionally, as I feel I am a slave to it. Plus it doesn't help that so far, I'm just not very good at day-trading

Only way I can trade is to be able to walk away whenever I want to. Forget about it whenever I need to, whether I'm in a trade or not, at any time. If I'm focusing primarily on H1, H4 and D1 time frames, it doesn't really matter what time of day it is, I can still enter a trade at a candle close, or just wait till the next period. Plus it gives me lots of time to do things that calm me down, as I admit that trading in itself does not calm me down

Again, this is not to criticize your style of trading. I actually wish I could trade the way you do, as I would love to be able to leave each day behind with my profits banked, and losses recovered and then some. I just can't seem to keep emotions controlled doing that.

I can't count how many times I've chased the market up and down all day, only to find if I would have just bought and held or went short for the day, I'd have banked 1 or 2 hundred pips or more.

I'm not for holding trades for weeks at time, and am not comfortable holding trades over the weekend. And if I can enter a trade, and close it out the same day with a good R:R then I'm all for that too. But I'm finding the daily and H4/H1 time frames cause me less anxiety, and less emotional turmoil.

Some will say for day trading, there are good and bad times to trade, times when the market moves, and times when it stagnates. But the way I see it, the market itself determines when it is going to move, and it does not care what time of day that is. So, I just look for the signals on the H1 H4 and D1 time frames which tell me when the market will move and which direction.

For me, this style of trading helps me to keep my emotions under control, and helps me not to get too excited if I lose, or win a trade...
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