The biggest mistake I've ever made in trading.

[vanzandt]

Trading is a very emotional activity.

If that is in fact how you feel....you probably shouldn't be doing it. jmho.

 

[Jamie J.]

If that is in fact how you feel....you probably shouldn't be doing it. jmho.

We shouldn't succumb to emotions, but should be guided by logical thinking. Isn't it so?

 

[vanzandt]

We shouldn't succumb to emotions, but should be guided by logical thinking. Isn't it so?

Are logic and emotion not polar opposites?

 

[zdreg]

And how many of them worked themselves to death, without ever finding something of value, due to obstinacy ?[/QUOTE
you call it obstinacy. these people don't care about labels. if they succeed they outshine their mediocre fellows by a mile. to them there are no regrets, it is like the old frank sinatra song, Idid it my Way.
And now, the end is near
And so I face the final curtain
My friend, I'll say it clear
I'll state my case, of which I'm certain
I've lived a life that's full
I traveled each and every highway
And more, much more than this, I did it my way

Regrets, I've had a few
But then again, too few to mention
I did what I had to do , I saw it through without exemption
I planned each charted course, each careful step along the byway
And more, much more than this, I did it my way

Yes, there were times, I'm sure you knew
When I bit off more than I could chew
And through it all, when there was doubt
I ate it up and spit it out
I faced it all and I stood tall and did it my way

this is how ambitious people act.

I've loved, I've laughed and cried
I've had my fill, my share of losing
And now, as tears subside, I find it all so amusing
To think I did all that
And may I say, not in a shy way,
"Oh, no, oh, no, not me, I did it my way"

For what is a man, what has he got?
If not himself, then he has naught
To say the words he truly feels and not the words of one who kneels
The record shows I took the blows and did it my way!

 

[Redneck]

We shouldn't succumb to emotions, but should be guided by logical thinking. Isn't it so?

Research mindfulness

That way one retains their human-ness..., yet can operate with cold and calculated decisiveness

Emotions add color to the palette of life


RN

 

[Simples]

Are logic and emotion not polar opposites?

You wake up one morning. As you pass the clerk, you hear a jolly good morning and she smiles to you. Another coworker compliments you on your new haircut. Later, your boss pass by your cubicle and says she's really impressed by your presentation yesterday. After 7 more positive compliments, you arrive at the last meeting of the day where your team is summarily blamed for something that haven't even happened yet with no possibility to speak back.

What do you take with you after this? The 10 compliments, or the 1 blame-game where someone tried to pass their own incompetence and recklessness over the well-known silo-fence? Could something like that, or worse, disturb or ruin your day?

Go deeper. Where did the emotion come from, if not from logic and thought? Are most people even aware of what's happening?

What can that mean for people who believe they are perfectly logical beings?

 

[radex78]

Trading is a very emotional activity. Believe in yourself and don't let emotions control you. I recommend you to read "Fear, Greed and Panic: The Psychology of the Stock Market" by David Cohen. I'm sure you will like it.

Thankyou for suggestion, so far only learn with practice and might these book is giving valuable lesson about psychology trading, will have fun if can learn book free
Most stress in trades if suffering successive loss, this can making mental down

 

[Jamie J.]

Thankyou for suggestion, so far only learn with practice and might these book is giving valuable lesson about psychology trading, will have fun if can learn book free
Most stress in trades if suffering successive loss, this can making mental down

I am sure that you will succeed in this business. Read with pleasure!

 

[radex78]

I am sure that you will succeed in this business. Read with pleasure!

Ameen, still in learning step and not yet success, but still grateful because treat forex as part time giving more pleasure and not relying only from trading

 

[humbletrader2016]

If that is in fact how you feel....you probably shouldn't be doing it. jmho.

I totally agree. Those who still trade emotionally are the ones who keep going in and out without knowing what they are doing. Such traders tend to be the amateur ones.

Ask those who have been ACTIVELY trading for over a decade and still thriving in this trading business, will they still trade emotionally? I probably guess not.