While there were many discussion and opinions on dealing and handling despair from losing trades, how do one remove euphoria from winning trades? I’m trying to learn how to trade unemotionally but it’s kinda challenging considering the stake that is involved.
Start with your lot size small keep your max risk lower than 1% that keeps you account balance moving real slow. slowly increase the size of your trades until you get out of your new comfort(boring) zone then back off a little on the size of your trades.
When traders are told they should not trade emotionally, it doesn’t mean turn off the emotions you feel as a reaction to trading.
It means don’t let the resulting emotions dictate your actions. It’s perfectly alright to be pissed about a loss and happy about a win.
Short of a labotamy you can’t shut off your emotions and become robot like. Trying to swallow them down and pretend you don’t feel them will only cause a very strange mental war in your head, which will probably cause just as much problems with trading.
All you have to do is take a deep breath and be just a little introspective before pulling the trigger or after a trade.
Am I following my plan?
Am I trading because x&y happened or because I want to revenge trade and make my last loss back?
Am I over trading because of a winning streak and now feel like I can’t lose, even though x&y in my trading plan hasn’t happened?
Accept the emotions and realize why they are there, that alone makes it very easy to be aware enough not to trade based on an emotional reaction.
You’ll realize when you are too angry or euphoric and that it is clouding your mind and you should take a deep breath and reassess the situation before pulling the trigger.
consult a sports psychologist, if not, good luck, the market will surely have fun with you.
well in forex,what you win today, will be gone tomorrow, as long as you don’t quit. Its like playing in a casino. The casino will always win. So any win is not a cause for celebration. It just means you will have extra money to lose 
That is simply not true.
well it happens to me most of the time. 2 steps forward, 3 steps backward.
Most of the time when inexperienced/ new trader trade maybe.
If that is happening to your frequently, then it means you don’t know how to deal with losses.
P.S. Also, there are proffessional gamblers who CAN go into any casino and come out ahead consistently. The biggest difference between the typical loser/hit it big once in while, gambler and a proffesional gambler is money management and risk control. It makes a huge difference in trading as well.
Personally, I enjoy the euphoria in a winning trade, why shouldn’t you??
You should take a moment and enjoy that your hard work and study allowed you to be correct…
A prize fighter trains hard, works hard then gets his emotions in control for the opportunity to fight… but once they win, its celebration time!!
Control of your emotions is what prevents you from making bad decisions, being able to cut your trade off short, accepting the losses…
so when your right… ENJOY it!!
personally I think it’s good to loose often and win often in the beginning stages. That could be part of the learning experience. I think repetition and exposure will tend to desensitize you. The more you do something, the more you get used to it.
I think you should be happy for a winning trade, but you must not believe superman and open positions just because you feel invincible, stick to your plan.