Taking Emotions Out of Trading.

Quote from TradingBillions:

Hi, how does one fully take out most his emotions with trading? I have had many profitable days based on using hardly any emotion following a systematic procedure. However, when I try to second guess the market, it goes against me. I will stop trying to use my emotions to second guess the market. However, how can I just trade without emotions?

I guess the answer is have an automated trading setup.

Any other ideas or thoughts?

~TB
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Yep, you have two choices...

* Learn how to recognize and manage your emotions while trading.

* Automate your trading as in a mechanical system that enters and exits trades while your doing other things.

Mark
 
Quote from JimmyJam:

... that's why (I believe) having a systematic methodology across multiple timeframes and trading multiple instruments across those timeframes is the answer to the ultimate traders dilema.

Because once you've mastered your emotions, you've mastered trading.

Good trading,

JJ
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This is good stuff, JJ, thanks :)
 
Quote from eco:

"I guess the answer is have an automated trading setup."

Maybe not. You say "I have had many profitable days based on using hardly any emotion following a systematic procedure" and then you say "when I try to second guess the market, it goes against me."
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Why don't you just trade the system and the system only? Make it unquestionable etc..

why guess at all?
 
i usually confirm the trend on a weekly, and daily chart.

i may look at a 90 minute chart to buy puts when we have a intra-day UPswing, or to buy calls when we have an intra-day DOWNswing.

but all in all, I am sitting pretty with no doubts if I can confirm the trend/reversal by zooming out or zooming in on a chart.

g'luck!


Quote from TradingBillions:

Hi, how does one fully take out most his emotions with trading? I have had many profitable days based on using hardly any emotion following a systematic procedure. However, when I try to second guess the market, it goes against me. I will stop trying to use my emotions to second guess the market. However, how can I just trade without emotions?

I guess the answer is have an automated trading setup.

Any other ideas or thoughts?

~TB
More...
 
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