Quote from wrbtrader:
This is not possible as shown in many psychology/psychological studies although the studies weren't specific to traders. The process of reacting requires thought and emotions. Therefore, I think you meant to say that one must "control" or "manage" thoughts and emotions at the time of trading...such is very possible for discretionary traders.
Same as above.
Your attached chart is a trade summary. It does NOT represent your ability to trade without thoughts and emotions. Just the fact that you attempted to use your trade summary to represent such is very problematic. Therefore, here's something you should think about very carefully the next time you trade or attempt to do what you just said that's not even remotely possible for a discretionary trader or a mechanical system trader.
* Does your resting heart rate change?
* Does your blood pressure change?
* Do you talk to yourself while trading?
* Do your muscles get relax or tense when you open or about to open a new trade position?
* Does your facial impression change when opening or closing a trade?
* Do you get hungry or lose your appetite while trading?
* Do you get thirsty while trading?
* Do you have a routine while trading (e.g. drink coffee, twirl a pen/pencil with your fingers, gentle swivel turn back n forth in your chair, log in to a trading forum during the trading day to post a message, document your trades for your own personal records beyond what the broker does for you et cetera).
Any of the above is a psychological manifestation of thought and emotion. Like I said, it's impossible to remove it because to do such...none of the above will ever exist for you. In fact, you wouldn't exist or you're dead Further, to prove my point...you made the following message post during the trading day. Please note the time of your message (during the trading day) and the content that contains thoughts and emotions.
In addition, I like to remind you of several of your posts in the past elsewhere at ET where you've requested or you've asked nicely for a trader to revisit a discussed trade and tell you his thoughts so that you could learn from their experiences.
I think you get my point by now that you yourself do not have the ability to eliminate thoughts and emotions while trading along with the fact that you have a sincere interest in the thoughts of others when they were in specific trades. You're alive and your messages are FULL of thoughts and emotions especially the ones that occurs during the trading day.
In addition, be careful not to develop an illusion that you have no thoughts or emotions while trading and that you've eliminated them while trading. In my +20 years of trading, I have not seen one trader survive such thoughts (pun intended). In contrast, the reality is that you've learned to manage your thoughts and emotions while trading when very few can. Also, if you're going to post trade summaries, you should do such every trading day and for many years instead of once in awhile whenever you feel like it.
Continue good trading too you.
Mark
mark:
you are so right. i do have human emotions.
to say that there is no mind, no thought, no nothing-except reaction in trading.... as you pointed out--is perhaps really misleading to many....
what i meant in what i said is.... a successful trader will not allow himself/herself to be concerned with anything else other than watching for his/her trade setups, executing according to the trading plans, the stats and the strategies accordingly.... any other additional thoughts or emotions or extra time to draw some more lines or whatever....; would be a distraction which as you elude to, would interfere with trading execution....
mark, just where do you get the idea that a successful trader must trade every day or trade full time....? a person who works for others will almost have to report for work every day and that is a given, agree?
for most traders, they are their own bosses answering to no one, absolutely no one.... except their lovely wives and demanding children....
honestly, mark.... the best i could manage is trading 4 days a week for more years than i care to recall.... and many a day, i only traded for one or two hours, avoiding the opening and closing periods whence brokers are trying to fill their back orders....
just as soon as i finish my trading days, whenever i can, i just jump right back into bed....
i do not post my trading activity to convince someone or anyone.... mostly the charts or summaries are there to encourage other aspiring traders to be that.... if you have the will, the time, the determination and some unencumbered funds of middle four figure et al.... you could learn to trade.... and perhaps become a successful and profitable trader.... within a year or two.... depending on the person's persistence and determination.... and how quickly he/she can settle down to focus on only one product and one productive trading pattern.... (to start out.... with some degree of confidence....)
mark, you know every trader has losing trades and losing days.... but mine is very different, i believe, my worse loss when it ever occurs, is confined to 9 tics, my other professional friends could effectively delimit their stoploss to 4 or 5 tics which is at this moment in time is definitely beyond my scope and ability. LOL
it will take lots and lots of further fine tuning get to that next level.... i am quite happy where i am.... for the time being any way....
wishing you fun and success in multiply dosage.... as well....
