Thread: How to better control our emotions?

I'm sure it's a common issue for all beginners so would greatly appreciate it if anyone can provide practical advice on how to better manage our emotions.

I understand even if you're good with your entrances however too little control of your emotions will often result in :

1) a smaller profit
2) an unwarranted loss

how often do I have to accept a 10 pip profit simply because prices would retrace after demoning profit. Once you close out for small profit or a small loss, the price go your way....sometimes a very long way. Of course, when I'm playing small things are distinct and often triumph over 100 pips however not much profit....

So can better control of our emotions be learned and developed or you're only born the way you're ?

Cognitive honest therapy comes to mind. Many folks balk at it, but it's pretty damn logical. The fact is that most people do not want to take responsibility for their feelings.

Another thing to test out is EFT, Emotional Freedom Technique. It works amazingly well for plogical problems in addition to physical issues.


By way of instance, I suffer from back pain because I broke my back 30 years back. EFT provides relief such as drugs, like nothing else.

Of course my all time favorite is the ball-peen hammer approach. Buy yourself a high quality ball-peen hammer (if you do not understand what it is, just go to a fantastic hardware store and they'll help you). Place the hammer onto your desk beside your keyboard. Whenever you screw up while trading, such as shutting too early or letting your losses run, pick up the hammer and whack yourself in the forehead with it. Just once but hard enough to knock yourself silly for five or more minutes. This works extremely well at preventing revival trading as you can't see your screen anymore.

Should you find yourself breaking your rules again, increase the whacks, you for each time you break your rules. I guarantee you'll stop breaking your trading rules in virtually no time at all.

Feel free to send me a test once the therapy has worked.

Originally Posted by ;

it. Just once but tough enough to knock yourself silly for five or more minutes. This works extremely well at preventing revival trading as you can't see your screen anymore.

The next step is to buy a chainsaw. . .see then miraculous results

Attempt to build up expertise and in time you'll over some part of your emotions. Until then, keep trading lots

Originally Posted by ;

I am sure it's a frequent issue for all novices so would greatly appreciate it if anyone can give practical advice on how to better manage our emotions.

I understand even if you're great with your entries but too little control of your emotions will frequently result in :

1) a smaller profit
two) an unwarranted loss

how often do I have to accept a 10 pip profit simply because prices will retrace after demoning profit. As soon as you shut out for small profit or a small loss, the price go your way....sometimes a very long way. Of course, when I am playing small things are distinct and frequently triumph over 100 pips but maybe not much profit....

So can better control of our feelings be learned and developed or you are only born the way you are ?

Once I started I knew I needed to treat Foreign Exchange like a small business. I even made a 'contract' for myself to stick to a plan and such.

And when you consider it, very good businesses doens't become successful immediately. Takes work and time. So trading is exactly the same thing.

Once I think like this, I remove any sort of foolish emotions that plague some people that lead them to over trading and higher risk trading.

Many thanks for all...I think that this is something one must go through....

Dopey, I have heard of EFT before but it's expensive right ?

Get and read, Trading in the Zone, by Mark Douglas.

I get an EFT newsltter type the following website;
http://www.emofree.com/default.htm
worth browsing through...

Concerning feelings in gambling. As you're staring at a screen you're either previously - Oh I must have... or in the future When it gets there I will... --you're 'talking to yourself.' And you talk yourself into aborting trades too early or staying in too long.

-hang on and follow me here --
If you pay close attention while you're thinking you'll notice that your tongue is 'stressed' prepared to reply. (remember your talking to yourself)
Relax your tongue. I mean focus on it and relax it. It is virtually imposible to feel emotion whilst relaxing your tongue you have effectively removed the cause of emotion, emotions need time (future and past) and cannot be present in the current...
Relaxing your tongue forces you to be current.

I'll stop here since this line of thought is probably ' to outside there' for several - and there has been enough weirdness around the website lately already. . .LOL

Originally Posted by ;

many thanks to all...I guess this is something one self has to undergo....

, I have heard of EFT earlier but it's expensive right ?

No, it's free. Here is the link.

Http://www.emofree.com/downloadeftmanual.asp

My buddy has bought some in-depth stuff at a cheap price and he swears by it, but I have not needed it.

Another resource is the Power of Now by Eckhart Tolle. I think most people are aware of the thought he presents on a very basic level, however like most things it must be brought to the forefront of our understanding to comprehend and practice it so it makes a difference.



I first came across the idea in college Once I read Nietzsche. He said that man is at his finest when he lives in the present time. Tolle shows the way to do just that and free yourself from the bullshit your mind depends upon you. As Walt Kelly stated, ”We've met the enemy and he's”; truer words you'll never read.

For mepersonally, the best way to control my emotions is using a comprehensive set of principles to follow. If I know what must happen for me to put in a trade, at which I am planning to depart and how I'll manage it across the way, my emotions can't actually get a foothold. Whenever something bad happens, or when the trade begins to go south, I already know what I am likely to do depending on the situation (i.e. close at breakeven, let myself get stopped outside or close early, anyhow).

After a time, when you get most of the public things that happen related to some rule or another, there shouldn't be much of an emotional reaction--since you already know precisely what you're likely to perform in nearly every circumstance. Trading becomes dull and you know you have finally made it ( maybe not profitable, however closer to becoming a professional).

For me, the only time I truly get angry is if, win or lose, I didn't adhere to the principles I've made and that I acted on impulse. As luck would have it, that is happening less and less (he states today. . .check me following the interest rate announcement)

Oh, yeah, and I am reading Trading in the Zone by Mark Douglas such as johnedoe suggested. Great book so far...

Ed