How to become emotionless in forex?
Dec 20, 2024 at 06:52
Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
Membre depuis Oct 28, 2024
posts 47
Dec 22, 2024 at 09:11
Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
Together, we can unlock endless opportunities and achieve your desired results.
Dec 23, 2024 at 05:29
To become emotionless in forex trading, focus on discipline and strategy. Use a well-defined trading plan, set stop-loss and take-profit levels, and avoid over-leveraging. Practice mindfulness and detach emotionally from losses and gains to maintain rational decision-making.
Dec 23, 2024 at 07:29
TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
Membre depuis Oct 21, 2024
posts 61
Dec 23, 2024 at 09:02
castleapp posted:
To become emotionless in forex trading, focus on discipline and strategy. Use a well-defined trading plan, set stop-loss and take-profit levels, and avoid over-leveraging. Practice mindfulness and detach emotionally from losses and gains to maintain rational decision-making.
I feel sticking to a plan helps, but how do you handle emotions during big moves?
Dec 23, 2024 at 11:31
Rusell_Thorpe posted:castleapp posted:
To become emotionless in forex trading, focus on discipline and strategy. Use a well-defined trading plan, set stop-loss and take-profit levels, and avoid over-leveraging. Practice mindfulness and detach emotionally from losses and gains to maintain rational decision-making.
I feel sticking to a plan helps, but how do you handle emotions during big moves?
Big moves can test anyone’s nerves. I think, sticking to the plan helps, but it's also important to take a step back, breathe and remind yourself that the market will always have opportunities, it’s all about playing the long game.
Membre depuis Oct 28, 2024
posts 47
Dec 23, 2024 at 15:22
Brenda13 posted:TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.
The second step is to stick to them and never open a new trade until you have completely recovered your emotions.
Try to neutralize the emotional feelings of profit and loss before entering the next trade.
Together, we can unlock endless opportunities and achieve your desired results.
Dec 24, 2024 at 05:04
castleapp posted:
To become emotionless in forex trading, focus on discipline and strategy. Use a well-defined trading plan, set stop-loss and take-profit levels, and avoid over-leveraging. Practice mindfulness and detach emotionally from losses and gains to maintain rational decision-making.
Great points! I would like to add that if you keep a trading journal, it can help you identify your triggers and patterns while decision-making. If you keep visiting your journal overtime, it will help you separate your emotions from your strategy. You can also consider demo trading for trying out your strategies.
Membre depuis Oct 28, 2024
posts 47
Dec 24, 2024 at 06:46
ChelseaR posted:castleapp posted:
To become emotionless in forex trading, focus on discipline and strategy. Use a well-defined trading plan, set stop-loss and take-profit levels, and avoid over-leveraging. Practice mindfulness and detach emotionally from losses and gains to maintain rational decision-making.
Great points! I would like to add that if you keep a trading journal, it can help you identify your triggers and patterns while decision-making. If you keep visiting your journal overtime, it will help you separate your emotions from your strategy. You can also consider demo trading for trying out your strategies.
You made good points, having a trading journal is very important.
But it is important to note that there is a fundamental difference between a demo account and a real account. When you work with a demo account, your mind behaves differently than a real account, and emotions create havoc when dealing with real money, and a demo account is only useful for testing and reviewing strategies, not controlling emotions.
So when entering a real account, trade for a relatively long time with minimal volume and with complete calmness so that your mind gets used to the profits and losses of real money.
Together, we can unlock endless opportunities and achieve your desired results.
Dec 24, 2024 at 07:38
TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.
The second step is to stick to them and never open a new trade until you have completely recovered your emotions.
Try to neutralize the emotional feelings of profit and loss before entering the next trade.
I like the advice - setting up rules really help to keep check of emotions. How'd you recover from a emotionally tough trade?
Membre depuis Oct 28, 2024
posts 47
Dec 24, 2024 at 16:11
Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.
The second step is to stick to them and never open a new trade until you have completely recovered your emotions.
Try to neutralize the emotional feelings of profit and loss before entering the next trade.
I like the advice - setting up rules really help to keep check of emotions. How'd you recover from a emotionally tough trade?
I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.
But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.
I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.
If you have any questions, I will help you.
Together, we can unlock endless opportunities and achieve your desired results.
Dec 26, 2024 at 06:07
TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.
The second step is to stick to them and never open a new trade until you have completely recovered your emotions.
Try to neutralize the emotional feelings of profit and loss before entering the next trade.
I like the advice - setting up rules really help to keep check of emotions. How'd you recover from a emotionally tough trade?
I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.
But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.
I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.
If you have any questions, I will help you.
Great - Books'd help with discipline. Do you automate strategies or manually trade sometimes?
Membre depuis Dec 28, 2024
posts 1
Dec 28, 2024 at 05:50
To become emotionless in forex trading, focus on developing a disciplined strategy, stick to a trading plan, and manage risk effectively. Avoid impulsive decisions by setting clear goals and practicing patience. Emotional control can be enhanced through experience, self-reflection, and maintaining a calm mindset during trades.
Membre depuis Oct 28, 2024
posts 47
Dec 28, 2024 at 08:02
Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.
The second step is to stick to them and never open a new trade until you have completely recovered your emotions.
Try to neutralize the emotional feelings of profit and loss before entering the next trade.
I like the advice - setting up rules really help to keep check of emotions. How'd you recover from a emotionally tough trade?
I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.
But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.
I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.
If you have any questions, I will help you.
Great - Books'd help with discipline. Do you automate strategies or manually trade sometimes?
I was doing manual trading for 5 years but now we are a team of MQL programmers and we only use algorithms and money management strategies.
Together, we can unlock endless opportunities and achieve your desired results.
Dec 30, 2024 at 06:29
TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.
The second step is to stick to them and never open a new trade until you have completely recovered your emotions.
Try to neutralize the emotional feelings of profit and loss before entering the next trade.
I like the advice - setting up rules really help to keep check of emotions. How'd you recover from a emotionally tough trade?
I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.
But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.
I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.
If you have any questions, I will help you.
Great - Books'd help with discipline. Do you automate strategies or manually trade sometimes?
I was doing manual trading for 5 years but now we are a team of MQL programmers and we only use algorithms and money management strategies.
Sounds interesting! I feel automation helps with consistency. How's the transition been for you?
Membre depuis Oct 28, 2024
posts 47
Dec 30, 2024 at 08:06
Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.
The second step is to stick to them and never open a new trade until you have completely recovered your emotions.
Try to neutralize the emotional feelings of profit and loss before entering the next trade.
I like the advice - setting up rules really help to keep check of emotions. How'd you recover from a emotionally tough trade?
I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.
But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.
I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.
If you have any questions, I will help you.
Great - Books'd help with discipline. Do you automate strategies or manually trade sometimes?
I was doing manual trading for 5 years but now we are a team of MQL programmers and we only use algorithms and money management strategies.
Sounds interesting! I feel automation helps with consistency. How's the transition been for you?
I have been trading forex for 10 years.
For the first 5 years, I traded manually and controlled my trades using Mark Douglas books and risk management, which was a very difficult task. But it was effective.
I have been a MQL programmer for 5 years now and I convert my strategies into algorithms, indicators and robots and I am much more comfortable.
I have been selling my products on the MQL5 site for a year now.
I am friendly to answer any question you have.
Together, we can unlock endless opportunities and achieve your desired results.
Membre depuis Oct 21, 2024
posts 61
Dec 30, 2024 at 09:27
TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.
The second step is to stick to them and never open a new trade until you have completely recovered your emotions.
Try to neutralize the emotional feelings of profit and loss before entering the next trade.
I like the advice - setting up rules really help to keep check of emotions. How'd you recover from a emotionally tough trade?
I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.
But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.
I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.
If you have any questions, I will help you.
Great - Books'd help with discipline. Do you automate strategies or manually trade sometimes?
I was doing manual trading for 5 years but now we are a team of MQL programmers and we only use algorithms and money management strategies.
Sounds interesting! I feel automation helps with consistency. How's the transition been for you?
I have been trading forex for 10 years.
For the first 5 years, I traded manually and controlled my trades using Mark Douglas books and risk management, which was a very difficult task. But it was effective.
I have been a MQL programmer for 5 years now and I convert my strategies into algorithms, indicators and robots and I am much more comfortable.
I have been selling my products on the MQL5 site for a year now.
I am friendly to answer any question you have.
Cool - how do you balance between manual trading & reply on your algorithms?
Membre depuis Oct 28, 2024
posts 47
Dec 30, 2024 at 12:20
Rusell_Thorpe posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.
The second step is to stick to them and never open a new trade until you have completely recovered your emotions.
Try to neutralize the emotional feelings of profit and loss before entering the next trade.
I like the advice - setting up rules really help to keep check of emotions. How'd you recover from a emotionally tough trade?
I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.
But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.
I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.
If you have any questions, I will help you.
Great - Books'd help with discipline. Do you automate strategies or manually trade sometimes?
I was doing manual trading for 5 years but now we are a team of MQL programmers and we only use algorithms and money management strategies.
Sounds interesting! I feel automation helps with consistency. How's the transition been for you?
I have been trading forex for 10 years.
For the first 5 years, I traded manually and controlled my trades using Mark Douglas books and risk management, which was a very difficult task. But it was effective.
I have been a MQL programmer for 5 years now and I convert my strategies into algorithms, indicators and robots and I am much more comfortable.
I have been selling my products on the MQL5 site for a year now.
I am friendly to answer any question you have.
Cool - how do you balance between manual trading & reply on your algorithms?
It was very difficult to control the stress of losing and the excitement of winning, and I controlled myself by not trading and meditating. Later, I became friends with a person who was a programmer and together we started converting strategies into indicators and then into robots.
It was hard work, but when you trade without stress, even small profits become pleasant.
Together, we can unlock endless opportunities and achieve your desired results.
Dec 31, 2024 at 06:48
TradeWizards posted:Rusell_Thorpe posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.
The second step is to stick to them and never open a new trade until you have completely recovered your emotions.
Try to neutralize the emotional feelings of profit and loss before entering the next trade.
I like the advice - setting up rules really help to keep check of emotions. How'd you recover from a emotionally tough trade?
I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.
But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.
I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.
If you have any questions, I will help you.
Great - Books'd help with discipline. Do you automate strategies or manually trade sometimes?
I was doing manual trading for 5 years but now we are a team of MQL programmers and we only use algorithms and money management strategies.
Sounds interesting! I feel automation helps with consistency. How's the transition been for you?
I have been trading forex for 10 years.
For the first 5 years, I traded manually and controlled my trades using Mark Douglas books and risk management, which was a very difficult task. But it was effective.
I have been a MQL programmer for 5 years now and I convert my strategies into algorithms, indicators and robots and I am much more comfortable.
I have been selling my products on the MQL5 site for a year now.
I am friendly to answer any question you have.
Cool - how do you balance between manual trading & reply on your algorithms?
It was very difficult to control the stress of losing and the excitement of winning, and I controlled myself by not trading and meditating. Later, I became friends with a person who was a programmer and together we started converting strategies into indicators and then into robots.
It was hard work, but when you trade without stress, even small profits become pleasant.
I understand that. Sometimes automate strategies really helped too. How using robots change your approach?
Membre depuis Oct 21, 2024
posts 61
Dec 31, 2024 at 07:14
TradeWizards posted:Rusell_Thorpe posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:TradeWizards posted:Brenda13 posted:Ron_Smith posted:
To stay emotionless in Forex, focus on your strategy, accept losses as part of the game, and stick to a consistent approach without getting caught up in every trade.
100% agreed. I feel sticking to the plan is the key. Do you follow any specific strategy you follow?
There are several ways to control and override this:
1- Creating conditions for emotional and psychological control.
2- Test and practice for mastery and self-confidence so that fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- use signals and experts.
If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
I can understand that controlling is key. I personally feel practising discipline & risk management can help avoid fear or greed. How you handle that when emotions start creeping it?
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.
The second step is to stick to them and never open a new trade until you have completely recovered your emotions.
Try to neutralize the emotional feelings of profit and loss before entering the next trade.
I like the advice - setting up rules really help to keep check of emotions. How'd you recover from a emotionally tough trade?
I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.
But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.
I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.
If you have any questions, I will help you.
Great - Books'd help with discipline. Do you automate strategies or manually trade sometimes?
I was doing manual trading for 5 years but now we are a team of MQL programmers and we only use algorithms and money management strategies.
Sounds interesting! I feel automation helps with consistency. How's the transition been for you?
I have been trading forex for 10 years.
For the first 5 years, I traded manually and controlled my trades using Mark Douglas books and risk management, which was a very difficult task. But it was effective.
I have been a MQL programmer for 5 years now and I convert my strategies into algorithms, indicators and robots and I am much more comfortable.
I have been selling my products on the MQL5 site for a year now.
I am friendly to answer any question you have.
Cool - how do you balance between manual trading & reply on your algorithms?
It was very difficult to control the stress of losing and the excitement of winning, and I controlled myself by not trading and meditating. Later, I became friends with a person who was a programmer and together we started converting strategies into indicators and then into robots.
It was hard work, but when you trade without stress, even small profits become pleasant.
Intelligent move! Do you think meditation still help you stay grounded during trading?
