How do I get myself to be in control in trading?

[Syed Muhammad Kazim]

Hey Joe! I know you must have been a truly committed trader when you began. How do I get myself to be in control?�

Statistics and society may predict, but you alone determine whether you will succeed or fail. You alone are in control; take responsibility for your performance and your life. There are always tremendous opportunities in the markets. It is not what happens; it is what you do with what happens that makes the difference between profit and loss.

Most traders move from trading method to trading method, over time, until they find one that suits them� one that is comfortable to run, and tests well first by back-testing, and then by real testing.

Some traders never stop looking for the �right� way to trade. THAT is a problem. There are many ways to trade that can generate nice profits over time. To settle on a right way for you to trade:

First, you have to believe in the process which leads to the generation of your entry signals. Does that process make sense to you?

Maybe you�re a visual sort of person and you are drawn to Candlestick charting. Take the time to understand why the patters mean �reversal� and not just accept the �picture�. Go deep.

Choose a guru to follow. Maybe you learn best from mentoring. Choose wisely.

Second, method you decide to go with, back-test it. In today�s modern world of software, there�s no excuse not to run all the back data you can through your method and see what the results would have been.

Third, THINK about the process you are choosing and why it�s right for you. THINK about the results you get from your back-testing and your real-time testing of your system.

Fourth, BE A MACHINE (DON�T THINK) when you are trading your method.

This is why I am a huge proponent of mental training for traders. Unless you can control yourself, you can never control your trading. In order to control yourself and your emotions, you have to believe totally in the way you trade. Do the work. Think. Then don�t think.

[acidguy]

"BE A MACHINE (DON�T THINK)."

this is great. emotions has been the worst enemy for me to tame.
and thats true. most traders. dont think about trading they just trust in knowledge, news, good rumors and signals.

anyway, i have made this question inside my head, what is the brain for emotions? personally most of the times they are not pretty accurate, so..

[Loki]

I Trade forex because i love it. being a machine mean u can't feel anything. and all u go after is only money.

i prefer being myself. trade with fun and self control )

[bhefx]

Fourth, BE A MACHINE (DON’T THINK) when you are trading your method.

emotions is really one of the problem that most traders do face.. So leaving your emotions behind is a must for you to be not affected with your trades.. though it is really inevitable not to be affected, that is why in every trade, there should be a good money management for you to be rest assured that if you lose, it wouldn't be that big..

[richtrader]

well i also have this problem with controling my self trading .when i win i want to win more ,even do there issm_upset no signal to trade i just think that i am a grand master cos i made 40 pips.
in turn i loose 40+40 .when i loose i tend to revenge on the market by enetring more positions ,this is a very bad emotional problem....

[fontu]

without emotion ? only a EA can trade like this if it is trained to adjust to react various human emotions related money ,loss-profit interactions , news interactions & so many global interactions not merely reading the inert old charts & all past things . Future comes from past but past can not be future anytime -it is continually changing with only human emotions to lots many stimulae.
So without human emotion is virtually absurd & worthless advice but controlling it to some extent can help.

fontu

[fxgirl]

well i have the same problem...but now i think like a machine so i am getting better

[james]

i also agree that emotion is a big problem for traders
but after some time u become a part of that
same as like part of machine,it doesn't have emotion
still i love to trade in forex market & enjoy that
finally all that is money matters a lot

[lifesdream]

love the word
be a machine
that will have no emotions to play a role in making your decisions with emotions
dont overtrade and machines will only follow your orders and no overtrade will take place

[fxmaster81]

I think it's a little bit hard to be a machine because i'm a human. Machines don't have a brains, emotions and free will but they use artificial intelligence. But I get the point. It's real hard to stay objective...

[nicks]

I think it's a little bit hard to be a machine because i'm a human. Machines don't have a brains, emotions and free will but they use artificial intelligence. But I get the point. It's real hard to stay objective...

yes an humans make machines
so humans can control there emotions themselves too

[raketeer_mom]

weweeee! my biggest mistake ever made is impatience. I never controlled myself from trading. And another problem with me is greediness. I dont want to close a loosing position.

[fxmaster81]

weweeee! my biggest mistake ever made is impatience. I never controlled myself from trading. And another problem with me is greediness. I dont want to close a loosing position.

I know guys who keep positions till end of the world but I don't understand what are they training

Always set SL, for example 30 pips. Better lose 30 than 900.

[ava]

Hi syed

I believe that each educational provider should contain many things, forecasting property, teaching schools of trading and Forex market�etc. In fact I depend on my educational provider in all these things and in many more else. So choosing your educational provider is one of the most steps you should take care of. Really what makes me to be in control in trading is my educational provider. Because it helps me through the practice account to practice and trade and make mistakes to be able to trade in live account with an experience in trading. Besides it forecast me with the technical future market activity which enables me to know when to buy and when to sell. just search well for your educational provide and good luck

[superlight]

Make several diciplines and obey it. If you break the diciplines, punish yourself, such as ruuning 5 kms.