Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
General Forex Discussion
Emotions And Forex Trading Don't Mix
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Easy Trader, post: 31880, member: 12260"] I think decision making off of a "gut feeling" in trading is a tricky deal. The trader must be honest with themselves as to what there trading level is. What is "your gut feeling" based on more or less. I personally do make trade managment decisions based on "my gut" fairly often, but I know my gut feelings are built off of a foundation of trading one strategy for years that I know is accurate. As the market moves I can adapt with it drawing off of past experience. If a trader doesn't posess this than their "gut feeling" is really just plain old hope, there gut and psycology are driven off of emotion not experience. It all comes back to whether you have an approach that work or doesn't plain and simple. So for the novice trader Fxpipper is spot on and trading with "gut" (masked hope) will always be oil and water. Fxpipper your the man! I enjoy your comments dude! So as a trader I needed to be honest, do I have something that works or am I still in the process of finding something that works. How ever long that takes the more honest the better the chances of eventually finding a system/strategy/approach that is truely profitable. Trading psycology is the same thing. If a trader doesn't have something that works then of course they will be all over the board psycologically, its a pain in the ass and stressful endlessly trying strategy after strategy that avails no success. But honesty will ground the trader and give them a clear mind as to when to cut a system loose and try another one. When a trader has a working approach emotion is no longer remotely an issue. There is no special dance or chant or ritual to trade better you just sit your ass down and trade. You are either in the act of hunting for something that works or perfecting something that you know does. But as soon as a trader starts lieing to themselves about where they are truely at experience wise is when psyc/emotion start eating away at any progress made. We start renaming hope as gut and blame our psycology instead of lack of experience which leads to a lack of patience. We make a huge deal of our psycology, we try to invent new money managment, we accuse brokers of hunting our stop's, we then look for EA's and eventually submit to signal providers. In this state we vastly diminish our chances of ever spotting a successful way to trade even if it was handed to us. In the states we have a saying "there is no such thing as a free lunch!" you have to earn it, it takes a great passion and dedication to figure this business out. You either have something that works or are looking for it, thats all the psycology that is needed. My rant and my 2 cents. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…