It happens… Trading is not my full time job
I close live charts after opening a trade. If I do need to look at a chart (e.g. for backtesting or research), I close the P&L window. Sometimes I’ll forget that I even have a trade open until the next day.
trade must have emotions. Why take it away? The most important is that your trading system if you feel good, the psychology will be good, and vice versa. no emotion is not necessarily a good thing as EA has proved a lot because it is not emotional 
My advise for you is create a startegic plan, try it on demo account, for you to be familiar with it like the back of your hand and then take it to Live account. “Be a trader not a gambler”
if you don’t completely want to entrust the trading process to the EA, you should reduce the maximum risk of the trade, for example, to 1-2% of the capital. This should help you.
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Well, if nothing can be done… we have to learn to accept losses… they are a part of trading and we have to learn to accept it. What you should do is use a good risk management strategy so that losses don’t exceed your loos bearing potential.
Accounting for possible losses should be a part of any relatively decent trading plan, those always occur, no matter how good your strategy is.
Practice and only practice can make you handle emotions nicely according to me. No book or technique can help you master that in a better way. The more you trade, the better you will know how you have to avoid being affected by emotions.
Mediation and constant thinking is the only way. It comes with time and you’ll make a lot of mistakes before you learn to control your emotions. The only way is not to give up and master your skills and understanding of your main goals. There is no simple way… only time helps to overcome this.
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Hello CL, how are you? And what’s the process? Till now facing the same issues?
Focus on pips and quality of execution, not $$$'s
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I always strive to go with small brokers, I think that they are more sensitive in the sense of risk management
Let go of your emotions, because you are first of all human, and of course they will be. That’s absolutely normal. You don’t have to swear at yourself. It’s easier to learn to keep them under control, and if you can’t just pause more often and give yourself the opportunity to catch your breath so that you always start to work as calm and focused as possible. This comes with experience, because the hundredth time you experience a difficult situation, you just stop worrying so much, it becomes routine and understandable for you. You’ll notice for yourself how your emotions become calmer with time. Don’t worry, each of us has gone through this stage or is going through it now. Don’t be afraid to take breaks and try things that didn’t work out before.
when I first started my LIVE account, I was nervous as hell and kept second guessing myself. But, I realized a lot of that happened because I was risking too much on my trades lol so I just lowered my lot size, and just scaled up. Let’s say you have a $500 account, if you risk about 1-2% per trade, then you shouldn’t be nervous or be full of emotions while the trade is going because it’s only a $5-10 loss if it goes against you. It’s all about risk management and preserving your capital,the profits will eventually flow in
Same as that buddy . I turn mine off for high impact news and to anyone weary of running an EA use it on demo and tweak it
we cant control when trading in practical , so sometime we have to depend on our trading robot which has no emotions at all.
That’s pretty cool
Hi CoinLady,
You are not alone! I had the same emotions last time around with Forex trading - some 4 or 5 years ago now. In the middle of last year I had the chance to work on a new adoption of robotic process automation for a client (I am and IT consultant) and the success of that transformation project brought me full circle round to Forex again. I realized my impatience was not compatible with a successful Forex trader. I kept trade journals. Reading them years later they make me laugh over and over again. At the time I just felt so stupid. My impatience affected other things in my life too. So when I cut the Forex trading I made a promise to myself to slow down and not take on so many things at once. Long story short, I survived three heart operations, got diagnosed with type 2 diabetes and got better within four months with exercise and diet, and now feel better than I did ten years ago. If you can get through that, patience is just so easy.
About patience, I opened the new trading account last August, and have not entered a single trade since then. I am finalizing my new trading algorithm and trading plans, and about to embark on a two month demo festival. With a first goal of “learning how NOT to lose money” based on previous experiences, I am comfortable with the speed and direction of my goals. And this forum has helped me to focus very well on that new goal. A lot of good advice from others here. I am looking forward to swing trading instead of day trading or scalping as I did previously, having got about as far away as it is possible to do from my previous plan.
You can’t get rid of your emotions completely, but you can suppress them a little. To do this, I advise you to trade less, watching the chart, and pay more attention to rest. Strangely enough, it is the distraction from trading that will help you trade more efficiently. As a last resort, trade no more than 5% of your capital, then your losses will not be so terrible.
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It seems to me that to become insensitive in trading, you just need to get used to losses. It is because of the possibility of losing our investment that we are constantly nervous. That’s why I always advise you to trade no more than 10-15% of your capital, then you will more calmly endure losses, and in time you will get used to them and become more morally stable.
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