Emotions - How do you deal with it?

[elisatrader]

Even if you automate the trading then you have to deal with negative emotions, for example when you lose a lot of money.

ahah you're right! I tried that too using ea and it's the same feeling.. the operations became "automatic" , you still have to controll your feelings about the outcomes/results

 

[Loftrader]

Personally, i stay away from trading for a few hours any time I'm emotionally unstable; whenever am too excited, angry, sad etc, I stay clear from trading because its in such times that i make massive mistakes

 

[lawrence-lugar]

Emotions - How do you deal with it?
When i'm feeling antsy...I sip on chardonnay...it calms me, and makes me feel analytical again.

 

[Samsu_samsul]

I always stop my trading activities when I got myself heated by emotions. It's not a good thing when you get overwhelmed right before starting your trading...

 

[GarrettKimmel]

How investors lose out to emotion?

 

[AndikaAnjani]

Personally, i stay away from trading for a few hours any time I'm emotionally unstable; whenever am too excited, angry, sad etc, I stay clear from trading because its in such times that i make massive mistakes

Kinda agree with this. Thumbs up, man.
I always serve myself a cup of warm green tea, it works to relieve this unstable emotion. Or you might want to take a cold water bath, it works better.

 

[Samsu_samsul]

Or you might want to take a cold water bath, it works better.

Looks like someone mentioned cold water bath, lol.
But yeah, it's good to lower your blood pressure (one of the roots of your emotion).

 

[RobSwe]

I developed a good understanding of the effects of emotions in trading through a process of analysis, intellectualization, introspection and detachment until I became more aware of its manifestations, its use.
Then I strarted working on ways to limit its nefarious effects. Ways such as limiting monetary exposure, having contingency plans, analyzing price, maintaining perspective, intellectualizing, emotional deconstruction, distraction, remembering the original thought process behind a decision before the stimulus occurred, actively controlling thoughts and mental imagery, changing the stimulus by changing perspective.

In general, emotions are used to exploit weaknesses and manipulate individuals. The more aware and detached observer comes to realize its use in all aspects of life, from movies and all sorts of artistic expressions to interpersonal relations, politics, marketing. Everything, everywhere is filled with it until it all seems like a great, big circus of pretence; of clowns acting out their emotions, manipulating and being manipulated.

On my best moments I can witness the external stimuli (“manipulation attempts” I call them, with obvious intent!), from a spike in price to a news report to a romantic comedy, and control how it affects me.

ras72

“If I don't understand what someone is saying, it means he doesn't know what he is talking about.“ A ras 72 original realization, April 2014, reading a post on the EliteTrader Internet forum. Feel free to use it. Acknowledge its author.

You have given thought and taken time to reflection ras72.

Not many do even superficially. Your comment tells me so.
You have done it all the way. That is my observation.

Thank you for letting me become aware there are others that explore
the mind.

It gets lonely sometimes but my senses are telling me this awareness
of the mind and ourselves is growing.

I have not come this far as you in practise. I am practising still on a new level.
I recently discovered the Tao (or Dao) - https://en.wikipedia.org/wiki/Tao_Te_Ching


Trying to understand it's meaning as translated in English I sense it is skewed by
the translation itself since it was originally written in a version of Chinese
but the main and important messages comes across well enough.

It requires time and reflection so I am reading it one chapter a week
(very small amount of text actually) and read it every day and contemplate.

To be honest this is more an exploration of my own mind and what limitations
I set up for myself and might not be immediately applicable for trade purposes.

Mastering this tells me can be powerful though since it tells me how we
all are connected.

Thank you for your comment.

/Robert

 

[Samsu_samsul]

Personally, i stay away from trading for a few hours any time I'm emotionally unstable; whenever am too excited, angry, sad etc, I stay clear from trading because its in such times that i make massive mistakes

One of my peers suggested me to smoke a blunt when I got myself filled with emotions, he said it's a good way to calm him down. I still doubting about it. Do any of you have done it before?