Are you emotionally affected by your profits or losses?

Yes indeed self evaluation is the best tool or six sigma which can help us save lots of money and energy. But for this one needs persistent effort and dedication to put in for excelling then certainly avoiding the emotion and being strong minded is possible.

True. But still, some traders ignoring the importance of self evaluation while they’re still asking themselves “What’s wrong with my trade?”

Take your time, evaluate your steps and don’t haste too much to chase profits…

I’ve never felt too emotionally affected by my profits, apart from a general feeling of satisfaction, but I did get affected by my losses. I am working hard correct that, but it’s not as easy in practice as it is in theory.

Some traders still struggling themselves to remain in their sanity while (especially) facing with their losses in trading. But the more they trade, the more their ability to control their emotion increased.

When I started trading I was really emotional. Whether I made a profit or loss - big or small - my heart would be racing almost the entire time I was in the trade, haha!

I think your emotions calm down over the time. I still get nervous every now and then, but no where near as much as I used to when I was a beginner. I’d actually recommend some specific trading psychology seminars perhaps for those looking to get into day trading.

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I’m very emotional. Sometimes I feel like my hearts beats. I don’t know how to deal with it.

Most of the traders are emotional and lose money to the forex market. But very strong mindset and traders with determination make fortune in the forex trading business.

I am. But more affected emotionally by losses than by profits)))

It is the common human nature that the grief affects a lot more than the happiness. This is the reason that most of us think of the past and cry but never think of the good things and laugh. Human after all. :slight_smile:

We are all human and we are all affected emotionally by our trading. Your goal should not be not to be affected, but to do the right thing despite your emotions.

It’s normal to have an emotional response to our trading. The point is to learn to control our emotions, especially the negative ones.

Yes im simply emotionally dont mind , and im happy
I had a harder time in casino

Hello,
I think trading in demo and behaving as it a live account helps me better get used to the idea that I will open a position and I might need to close it having a loss. Or even seeing that my position is currently losing and not to hurry to close it because I want to save my self from a disaster.
Developing a good strategy might prevent us from doing bad decisions based on our emotions.

The amount of learning that are actually possible using the Demo accounts will not be possible using the other methods and also this is a reason for us to make the best use of the Demo trading accounts…

Trading on a demo account can never be exactly like trading on a live account, even when you aim to treat it that way. Subconsciously you’ll always know those money aren’t real. That said, it is still an excellent exercise that should not be overlooked that you can use to train both your reactions and your way of thinking when it comes to trading.

I have made substantial learning from the use of the Demo trading accounts and this is why i prefer to use them in my trades now :slight_smile:

Trading on a demo account is definitely the way to start, feel more comfortable with the platform and assets, and test your strategies. However I don’t recommend using it for more than a couple of months, as real trading is substantially different in many aspects. The next stage as should be start trading live, but with a minimum deposit. You might learn much more about live trading while not risking much

I agree -the demo account is a very useful learning and a testing tool, one can’t stay on it forever and sooner or later they have to transfer to a live account because some things can only be learned while trading on one.

Demo not recommend in long run , if you are using demo more then 2 months then maybe its not helping that much.

Demo for immature/beginners and Live for real traders.

As traders we all have to counter with trade emotions we have to train ourselves to fight adverse effects of trading.

I find myself emotionally attached to my profits and losses.
Is there anyway to overcome this?