[QUOTE=“darthfrancis;696293”] That is such a throw away comment, like let it go. it hold’s no substance. darth[/QUOTE]
This may be true for you. For me, I know where I’m going. Maybe I’m wrong, but never guessing.
George,
How is the trading going? Haven’t heard from you for a little while…
Lexy
If you want to avoid emotions ,use stop loss and take profit . DO trading according to your risk management plan . Not try to get much even market is in your favor just find possible and sure profit and come out of market with safety.
Thanks Lexy! Well, things started going better, i can say i’m making a steady profit (for now) , i’m having some ups and downs (mostly ups) but now i can control my emotions more easily.Oh! I also write down all my everyday activity in some sort of notes where i type pictures of my trades where i criticize my self after the end of the day trying to self motivate myself towards being a better trader! SO far only Eur/Usd I don’t feel ready yet to try something different. 
Control of emotion is one of the difficult challenges that most traders find it very difficult to control. Your emotion is part of you so is cannot be completely eradicated. Having a trading plan and being discipline is one way to keep emotions in check.
Yes we can control of emotion with that ways , but as limites in controlling not in stop emotions and greed completely cause we have psychology in our hearts so how profesional the trader i believe emotion and greed still in their mental but its not matter as long as they trading plan that can control it
That’s right. Emotion control is not easy thing to do because traders could control emotion well if they have confidence with his trading plan and he can be more realistic in trading that profit and loss could happen in every transaction no matter how good our analysis is. No one can trade without loss at all so the problem is not how to trade without loss at all but how to manage profit and loss so as overall is still profit.
George you are a proud man in an army protecting your country, now you need to protect your account and this is possible only your self realization. Make sure to make the right market analysis and be disciplined while trading with regard to the entry and positioning only then profiting is possible.
GChar,
I am very new to this and have never traded even on a demo account. I do have a background in psychology however and can offer some advice based on my expertise:
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Emotions were created by hundreds of thousands of years of evolution during a time when we lived strictly off the land hunting and gathering and combating the hostile forces of survival and reproduction. Emotions worked very well in this primitive setting and are still important to survival today. The problem is that they are a huge mismatch for highly logical activities like trading. Basically we are still neanderthal-minded trying to do work of a highly-disciplined, sophisticated, logical suit and tie professional. We were definitely not “designed” to trade.
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You will NEVER be able to completely block out your emotions, you will get over-powered ever single time. The best thing you can do is become a master of identifying your emotions, evaluating how these emotions might influence your trading behavior, and regulating your emotions as best you can when trading. You should NEVER trade when you are experiencing strong emotions, either positive or negative. It’s almost like training yourself for Buddhist concentration and discipline.
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ALWAYS remember that logic rules over emotion. It can be difficult to trade based on pure logic but this is always the best way. The forces that control the market are logical and not emotional. The closer your knowledge about the market and trading behavior parallel logic, the better your trades will be.
It might be hard to face but since you only have limited time (and not the best times) available to trade, you might want to put off trading, real money at least, until your schedule changes.
Hope this helps you and best of luck,
Pat
Hello George
To control emotions like fear and greed you can try to follow a vipassana meditation retreat, (10 days).
it doesnt matter what background you are from its is open for anyone. It is basically mental training. It helped me a lot and i think it can help you and anyone else as well. They have training centers all over the world, i think there is one in Cyprus also. Good luck.
I think you should know the risk in your business first before you tried to use any other things like meditation, mental training or any other thing. The most important is your trading plan to follow, if you had proper trading plan then it will be easier to control emotion because your only focus is following trading plan well. It can prevent unnecessary mistake which can happen in the market.
Totally Agree!
Well that is true.It’s because i am still trying to figure out my style and i’m also learning new things on a daily basis.I don’t want to rush things. I know that with hard work and patience i’ll get to it!
don’t too rush in doing anythings is gold advice , cause when we feel rush then our greediness will appears in our minds eventually loss trade is cosequences from that :31:
i do the same it really helps with behaviorally patterns. only difference. i love EU
Great advice, hows your trading coming on?
I am agree with you. It’s no need to be hurry in making decision but you should make analysis as soon as possible too so you won’t be late to open good timing for opening or closing position in order to maximize profit and minimize loss. There is no fixed rule about how to stop greed in trading but the general way to do it is using proper trading plan and follow it well. If you’re confident with your trading plan then you can stick on it without too much worry although it won’t guarantee you to gain profit.
You are very true , maybe trading plan is one of solution to stop greediness or at least can reduce its as low as possible , cause in the trading plan has contain target plan , but as long the target is rational then our ambition to have more and more will be decrease .
It is right. Trading plan can help traders to control emotion because traders have certain target to reach and certain amount of risk to be prepared in every transaction. Greed is still possible happening in trading but traders will have reason to control it when they have known the risk. And also, if traders still forced himself to jump into trading when it is not same with planning, then you still capable to control the risk.
If we can keep a control over Greed it will surely help me as i will not get into such kind of deals that have a potential of giving me losses 