Rules for Controlling Emotions in your Trading.

[Susti]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.<br />
<br />
1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.<br />
<br />
2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.<br />
<br />
3. I will alway put a top loss 5 pips under my entry point.<br />
<br />
4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.<br />
<br />
5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.<br />
<br />
6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.<br />
<br />
Please feel free to add any advice or comments and thanks for your help <img src="images/smilies/good.gif" border="0" alt="" title="Good" smilieid="139" class="inlineimg" />

[resthless]

3. I will alway put a top loss 5 pips under my entry point. <--- you have to think also that in the fx market, we are not alone, we fight another trader in opposition to us, we are also against the dealer who reads the position where we are in place the stop loss. Its too tight, susti

[Susti]

But I usually only open trades to get 10-15 pips. So what do you think my s/l should be then, about 10 pips? Cause yes it has happened before that there was a spike and I lost my investement but then it jumped right back but it's actually rare, at least I don't see it very often.

[AHMEDALEX]

Start trading when we must keep to the rules for emotions
Listen to a lot of analysis and periodicals economic and political
I agree with you in this your points and I'm having the same problems as you, but I beat most of them by
Follow-up economic releases and the national economy and global passion and love of making an impact on my love and not to stop trading
Listen to the lessons of human development, which motivates me to continue and follow-up transactions created by

[ishvara]

To control our emotions in forex exchange trading is very important and we must keep it at utmost importance while we trade. Strong emotions leads to high losses and weak emotions leads to losses.

[realman]

This topic will help to control emotion. In Forex emotion attract very strongly. High liquidity is one cause of it. But emotion is a enemy. Truly say that emotion not possible to control finally. But need limitation for success. Well education and experience can control this enemy. Maximum time Emotion make success. But some of time it make me loser. So need set our position in a comfortable position.
Discipline also another cause of controlling emotion.

[ghaplex]

To control our emotions in forex exchange trading is very important and we must keep it at utmost importance while we trade. Strong emotions leads to high losses and weak emotions leads to losses.

patience does have an important role to achieve a person's success, patiently waiting does not mean resignation, but work hard and strive to enhance our ability to both improve the technical capabilities and the ability to control our emotions.

[ghaplex]

This topic will help to control emotion. In Forex emotion attract very strongly. High liquidity is one cause of it. But emotion is a enemy. Truly say that emotion not possible to control finally. But need limitation for success. Well education and experience can control this enemy. Maximum time Emotion make success. But some of time it make me loser. So need set our position in a comfortable position.
Discipline also another cause of controlling emotion.

that right master,if we want to succeed in forex trading key is discipline, discipline in running the trading rules we have created yourself, because sometimes we set the rules of trading, but no discipline in the run so that the result does not correspond with what we expect.

[Susti]

i am a newbie...
i want to ask how do we control our emotion if we loss too much money when trading??
if we use demo account, it's ok, no problem, because it's not real money...
if we use real account and loss our money... we can be stressed... and then ??
how can we keep our spirit in trading and not stressed too long ??

I think the best thing to do when we loose money is to wait abit. Because the first reaction to loosing money is always to trade more to get it back, so you take too much risk and just loose more. Therefore you need to take a break to clear your head and come back concentrated and relax. That's why I have a rule of not trading at least 3 bars (45 mins) after I make more than 1 loosing trade.

[sibali]

My rule to control the emotions are: every transaction I always put up a stop loss and take profit. Risk and reward ratio is 1: 2 after it shut down the computer

[TrojanFX]

well, discipline is very important in trading, and if losses are above 50% I feel compelled to tighten capital and margin rather than enlarge the margin, it is essential resilience of the rapidly disappeared from circulation

[anubhavsingh]

My rule to control the emotions are: every transaction I always put up a stop loss and take profit. Risk and reward ratio is 1: 2 after it shut down the computer

stop loss aur take profit use karna bahut hi aasan tarika hai emotions ko kabu me karne ka
ek bar set ho jane ke bad aapko bar bar us deal ko dekhne ki zarutrat nahi jab tak market ke naye support ya resistance nahi ban jate..isliye traders ko kaha jata hai ki inka use karna bahut zaruri hai

[himel]

emotion is one of the important matter because of this many of the trader specially new beginner loss their money in forex market you have lot of experience need to eontrol emotion and i think demo is so much helpful.

[TrojanFX]

The most emotional factor is greed. Some one can overcome his/her fear. After some days of investment he/she become confident. But when he/she become confident then his/her greediness about profit will increase. for that reason i like to say control your greed.

[Tarek]

I accorded with your opinion, but to be clear you need to play on a goal from 12 to 20 pips operations, and put a SL and TP means, and you'll see that all your transactions are be positive, and you will thought you became a professional trader.

[joget]

yup, a trader must be able to control his emotions while trading. but in my opinion, set a profit target before trading can also be a mental burden if the target is rarely met or had not even achieved at all. as well as the installation of stop losses that are too close to the entry would be very easy to experience loss.

[TrojanFX]

I think the emotions in trading is important and that somehow you should be able to control it so that is not always loss, and certainly very bad if you're always loss in this world, since we also did not want

[marjuck]

i think we can not control our emotion by following or memorizing many rules and regulation. emotion is genetically behavior of man. all emotion are not same. we can control it when we can realize the deeply the factor behind it.

[naziafarhan]

Yes you are absolutely right we have to decide something before sitting to trade. If you reach target whatever it is profit or loss then you should not continue trading. AN dby doing this you can really stop your emotion to invane your trade.

[TrojanFX]

Fast tips to control our emotion is actually if perhaps we constantly put stop loss not to mention consume earnings with regard to our very own trade. It can make you not being greed and definitely not rush throughout our trade.

[mandeeprana]

me emotions aur greed ko kaabu me rakhne ki bahut samay se koshish karta rehta tha kyunki mujhe greed ki waja hse bahut loss hua tha
lekin fir maine decide kiya ki me jaise hi koi lot trade karta hon, ussi waqt poori study karke uske stop loss uar take profit laga deta hon aur fir us deal ko lock karke bhul jata hon

[tatnasharlock]

awesome!!! thanks for sharing man!
my rules are written on a paper...every rules met, i marked it:
1. check for a signal from the chart (mark)
2. check the higher and lower time frame (mark)
3. now, check for the news (mark)
4. if there is any upcoming news within a short time, don't trade
5. if there is no news within short time, lets open the trade!

[anchitkole]

The most emotional factor is greed. Some one can overcome his/her fear. After some days of investment he/she become confident. But when he/she become confident then his/her greediness about profit will increase. for that reason i like to say control your greed.

[ermaniso2011]

A trader can control his emotions with confident .if a trade trust to his strategy since it has a safe system and since it will protect him.then he can just follow it and relax.no more fear no more panic or greed.the emotions will come out with newbies much since they are trading without set rules and without a strategy and system.

[kazol76]

A trader can control his emotions with confident .if a trade trust to his strategy since it has a safe system and since it will protect him.then he can just follow it and relax.no more fear no more panic or greed.the emotions will come out with newbies much since they are trading without set rules and without a strategy and system.

All traders know that controlling emotion in Forex market is not very easy so he must follow this way to reduce emotion in trading platform, good strategy will bring nice profit always so do not to open any trade what is not signaled by our strategy, and always open small lot size trade for secure in platform I think small lot size will able to control our bad habit in this business. Thanks

[jmsblack18]

3. I will alway put a top loss 5 pips under my entry point.

i always use trailing stop to get me trade safe with use 15 pips under or above my entry point. I think 5 pips is too close if you trading in higher timeframe. But any way thanks for sharing. For me i always concentrate and close my trade if my target loss or profit hit.

[deathzz]

The best way to control your emotions when trading is to not focus too much in view graping when the position is open, if not already open position then we have to focus on the charts and indicators, but if it is open then you should wait for the target position is achieved while performing other activities. ;)

[manibhai2012]

My rules for controlling emotions
I think I got the article which I need very much it is very helpful to me and I think every one who wants to be a successful trader in the Forex market should have a grip on his or her emotion other wise it is very difficult for any one to make some money from the Forex market.

[sweety]

if we are working in a common market then it obvious to have some ups and down of market. our emotions should not follow our thoughts. in fact if we are facing any problem during trading then we must think to overcome these type of problems and build up emotions strong .

[dmambi]

Controlling emotions is a lon process, to achieve this we need to be disciplined in trading . If we do proper analysis and trade accofding to ur trading plan then there will not be any room for the emotions in our trading.

[justpips]

I agree with the thread that you create. I myself often have unstable emotions, mostly in determining the open position, several times I made a mistake in trading because of emotional instability, which resulted in the defeat and loss. My sense of emotional control in forex trading is absolutely under control, as most successful traders prefer to wait to enter the market.

[newentry]

well i like point 6
" 6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading."
this is very wise words and this is the way to keep trading with healthy, and safely
do not push hard to trade at bad condition, mood or else like it

[anubhavsingh]

Controlling emotions is a lon process, to achieve this we need to be disciplined in trading . If we do proper analysis and trade accofding to ur trading plan then there will not be any room for the emotions in our trading.

emotions ko control karna bahut zaruri hota hai forex me..emotions ko contrl kiye bina trading karne se loss ke chancesb haut bad jate hai
emotions ka sbase bada role hota hai amrgin call ke peeche aur mujhe lagta hai ki trader jitni jaldi apne emotions ko kabu me rakhega usse utna hi zada forex me fayda hoga

[atif58]

Very good rules you had made. These rules will surely make you a good trader. But i see your trading style is scalping. I would also recommend you to trade long term. Because you have achieved the peace of mind and discipline of trading.

[anubhavsingh]

You are good but stop loss under 5 pips is very small and i believe that market can hit it with 8/10 ratio its not good. You must use more than 30pips in stop loss or 3 times of your profit target if not than consider support and resistance level.

5 pips ka stop loss bilkul bhi advisable nahi hota..yaha tak ke scalping akrne wale traders bhi 5 pips ka stop loss nahi rakhte
waise to stop loss rakhen ke liye trader ko market ke support aur resistence ki jaan kari honi chahaiye lekin fir bhi 5 pips ka stop loss rakhna kisi bhi case me advisable nahi hota

[mandeeprana]

emotions ko control karna bahut zaruri hota hai forex me..emotions ko contrl kiye bina trading karne se loss ke chancesb haut bad jate hai
emotions ka sbase bada role hota hai amrgin call ke peeche aur mujhe lagta hai ki trader jitni jaldi apne emotions ko kabu me rakhega usse utna hi zada forex me fayda hoga

aapne thik kaha..emotions ko kabu me krna sabse zaruri hai kyunki emotions se bahut zyada loss hota hai
emotions aur greed ki wajah se mujhe bahut baar margin call lagi hai aur mera account 0 ho gaya hai. me koshish akrta hon ki emotions ko kabu me rakh ke hi trading karu

[anubhavsingh]

I think the emotions in trading is important and that somehow you should be able to control it so that is not always loss, and certainly very bad if you're always loss in this world, since we also did not want

emotions ko control karna bahut zaruri bhi hai aur bahut mushkil bhi hai
har trader aisan ahi akr pata lekin jo bhi kar leta hai uske liye forex me bahut fadya hota hai.emtoions ka game bahut bura hai mujeh isse bahut baar bahut bada bada loss hua hai

[viky]

I accorded with your opinion, but to be clear you need to play on a goal from 12 to 20 pips operations, and put a SL and TP means, and you'll see that all your transactions are be positive, and you will thought you became a professional trader.

[jiching]

emotions is the important thing in trading. if our emotions are good, we can make profit and put orders successful, but if we are at bad mood, we put wrong orders and then we loss our money. we should not trade if we have bad mood and cannot make a good decision. we must stop trading if we are at that situation.

[kuttus]

There have to be a emotion if you are loosing your own money from your pocket but I always thing that I learn a way in which I can loose the money I am little more experienced then before.

[naziafarhan]

Yeee I am happy that I have read your strategu to contro emotion. But friend could you please say some more strategy on how can we stop our emotion to close our trade when we are in profit and how can we wait for the tp. I am really feel rest less when I am in profit or in loss.

[Hansip]

control your high emotion and go to trading and gain gain high and huge profit in this forex trading forum and will be gain and gain high profit in this foruex trading forum and also very very lagrest and thourgeout profit being a well rounded person really does have a huge effect on your forex trading fourm.

[moti]

I accorded with your opinion, but to be clear you need to play on a goal from 12 to 20 pips operations, and put a SL and TP means, and you'll see that all your transactions are be positive, and you will thought you became a professional trader.

[sumonmia0526]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:


some times overconfidence and over trading cost the trader a huge loss.i think u lost ur money for lack of money management in ur account ..and taking the risk .if u had thousands of ips stability to survive then u never been lost all of ur money as i m thinking at this moment .breaking and hour or more never gives a good result if u lost a huge amount on ur first trade ..if u lost 50% of ur money just in a trade then u should immediate stop trading and try to relax .not to over excited to recover that money immediately
.when ur brain will come cool and u know the position of market then entry again and try to recover the 50% slowly .

[mandeeprana]

I accorded with your opinion, but to be clear you need to play on a goal from 12 to 20 pips operations, and put a SL and TP means, and you'll see that all your transactions are be positive, and you will thought you became a professional trader.

apna trade open karte hi agar trader stop loss uar take profit ki value ko set kar deta hai aur fir bar bar unhe touch nahi karta, to aisa karne se uska apne meotions pe poora kaabu rahega lekin agar wo baar baar apna profit upar neeche karega to iska matlab ki usme greed aa gayi hai ya fir o market ki movement se dar ke trading kar raha hai

[Ford]

There are different extremes of emotions:weak emotions such as desparity and overconfidence. Both the emotions are detrimental to a trader. In order to trade well, when you are making profit just set a reasonable target and after achieving leave and if you are loosing leave the markets until next day

[newentry]

i see that you have prepared yourself with very good and i like the point number 1 and for it then the trader will know the risk and also the reward and of course they have already used good money management and also good strategies for their trading

[Ramnit]

I have to tell you the story, I mys very well in controlling emotions but some time I began scalping strategy to increase my income, because of the scalping trade now I can't control myself or even follow any money management plane. So, please no trades on scalping base.

[dineshji]

A trader can control his emotions with confident .if a trade trust to his strategy since it has a safe system and since it will protect him.then he can just follow it and relax.no more fear no more panic or greed.the emotions will come out with newbies much since they are trading without set rules and without a strategy and system.

[Ramnit]

A trader can control his emotions with confident .if a trade trust to his strategy since it has a safe system and since it will protect him.then he can just follow it and relax.no more fear no more panic or greed.the emotions will come out with newbies much since they are trading without set rules and without a strategy and system.

during the business situation emotion is a big factor .while we do loss our business at the moment our mind is being rest less .we fell depression ,but it is not wise to be every forex traders .we should strongly control our emotion .

[kuttus]

Yes, patience is the fruit of good thoughts and peace of mind. At this stage we certainly can always think clearly whenever the analysis. Patience can be toxic bulldoze emotions in trading in forex.
Patience is one of the key thing in forex there are many thing happen with me I place a order the price should reach the target in max 1 hour but it could not reach it sence 2 an Half day I did not close the order I hold it so patience is really needed n forex

[anoha]

That the worst thing for me I can not control which emotions and affect a lot in circulation and touch because of the large losses and gains little when I would bring a number of points as profit afraid that reflects the price on and closed the deal and the price will stay complements on the way to to reach the target set from the beginning and I blame myself, but then also I can not control after that. but I think this because I am beginning and I will then

[Nabi Ahmed Gill]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

yes agr ap apna emotion ko control kar loo to asa samajoo ka ap trading min kamyab ho ga or ap na achi trading kar laye trading min jauldi zabati or emotion ko jb tak ap control nahi karo ga tab tak ap kamyab nahi ho stakta trading to ap karana ga he lakin ap ko loss boht ho ga or ap profit main kam jana ga.

[rajib]

I will make all my trader with the me lot size ,regardless of how strange i feel the signal is .instead i will keep the trade open longer if i feel i can win more .i will away put a top loss 5 pips under my entry point ..

[takeprofit]

The reason why we are feeling afraid every time we trade maybe because we are using high lot size and it already broker the level of our comport zone. Try to adjust your lot size maybe you can trade wit a relax and calm mind.

believe in yourself and not think of many things that the key to control emotions forex, if you're angry then left chart, relax your mind for a while for the hanger, but it's good before you start praying to god that given the ease of analysis.

[jmsblack18]

3. I will alway put a top loss 5 pips under my entry point.

I ussually put my stoploss around 15 or more because It is very danger to put stoploss very closely to entry point , and that is only 5 point under. And you use the 1 hour chart for trade. My friend suggest if we trade with one hour chart minimal our stoploss must be 50 pips more.

[songkok]

Emotions we have and they are any different, but all people have the same emotions of greed. A trader when trading forex are still using a lot of emotion using very risk and without the capital and risk management, then get ready to feel the loss. They were professional traders prefer the safety of the profit / loss in the blink of an eye

[mahmudi]

something that is very useful for traders to control emotions is in need in our actual trading in the forex should not be greedy because we would be grateful if met with failure in the trade we can still profit even if a little more grateful for the fortune will be more smoothly

[songkok]

something that is very useful for traders to control emotions is in need in our actual trading in the forex should not be greedy because we would be grateful if met with failure in the trade we can still profit even if a little more grateful for the fortune will be more smoothly

Indeed, we can control the emotions in trading we get what we expect from our efforts, otherwise if we can not control our emotions so successfully will never approached us. However, it is very difficult for us as a forex trader, not when we see the market goes in the direction of our mind why not put up any regrets or would like to leave lots of floating plus a lot more.

[ashwini]

if we want to control the emotion then first off all .. practice on .. this things.. like practice on mind set. its very important.
mind set for .. takeporfit.. and stop loss. how much u want to take risk. its very important.
after that mind set for ur strategy. must be follow the strategy. if u get the signal. then u enter otherwise. dont.
must maintain a dairy. and in weekend must revised it.
daily one trade. its the important.

[songkok]

if we want to control the emotion then first off all .. practice on .. this things.. like practice on mind set. its very important.
mind set for .. takeporfit.. and stop loss. how much u want to take risk. its very important.
after that mind set for ur strategy. must be follow the strategy. if u get the signal. then u enter otherwise. dont.
must maintain a dairy. and in weekend must revised it.
daily one trade. its the important.

Yes, to have a trading system that has been in charge we can control the emotions that we have. Example: trading based on the signal which is formed by our system and we are obliged to obey. If today there is no signal that indicates a sell or buy a do not enter the market, so we'll over trade and security will be obtained

[Hansip]

ya good points to control emotions i think every trade should have their own set of rules do's and don'ts to carry their trade successfully.
And always learn from mistakes and avoid repeating the same mistakes again and again

Emotions in forex trading business must be controlled, i have experience about the disadvantages of this. there are several emotions like greed, fear and anxiety, but traders need to have a control of it as they trade.

[rock]

Its very important to go for the trading with the patience and so that we can control our motions here.we have to keep the concentration and also we have to trade here with the news.

[michael]

That control emotions when the merchant real. Requires rest the mind of confusion., And also not to go beyond the financial transactions where there is a risk to the balance of the account. Where emotions and stress influence on the thinking of the merchant. In order to dispassionately. To choose the currency or the deal is profitable to be. modes of thinking in which we get the profit and this is not using the mind and heart.

[Hansip]

That control emotions when the merchant real. Requires rest the mind of confusion., And also not to go beyond the financial transactions where there is a risk to the balance of the account. Where emotions and stress influence on the thinking of the merchant. In order to dispassionately. To choose the currency or the deal is profitable to be. modes of thinking in which we get the profit and this is not using the mind and heart.

if you do able to control your emotion while you are wanting to make more profit from this Forex trading then you should not come here. you must control your emotion in this Forex.

[yogesh]

Controlling emotions may be really important sometimes but controlling the emotions is not really important always. Anyway the best to control the emotions is by just concentrating on your strategy.

[jg6073727]

If oyu can control yourself then you can go high and earn with forex but if you can't control then you never earn much. You can loss all and it is a big loss for you

[Morshedul]

Thanks for sharing your rules for controlling emotions. Emotion is the main problem for while i am trading. I think your tips are really going to help me to get rid from this disgusting problem. Thanks again for sharing those rules. I think i need to be patient to get good results in forex.

[songkok]

Controlling emotions may be really important sometimes but controlling the emotions is not really important always. Anyway the best to control the emotions is by just concentrating on your strategy.

If we concentrate on our system was not "emotional control" that comply with the system. To my emotion control is how we are not too early to enter the market or in other words in a hurry. Self-control becomes very important when you become a trader,

[najaf12345]

hi
your rule is good but i think you are scalper that why you put 5pips stoploss scalping is good for expert trader. many trader make lots of profit using scalping
trading. but i think scalping is risky if you have good strategy then you can win too. i like your rule and i use some of them.

[MarginCall]

I think your opinion is true. That's one solution to ignore even eliminate emotion. By concentrating the strategy, of course we can forget about everything that would disturb the mind.

trader can control his emotions with confident. if a trade trust to his strategy since it has a safe system and since it will protect him. then he can just follow it and relax. no more fear no more panic or greed.

[MarginCall]

rules bohot achay hein aap k bes isi rule ko aap ney focus kerna hey, chahey jo merzi ho jaye or her trader ko specially beginners ko yehi follow kerna chahiye ta k woh is trading mein survive ker sekien aur acha profit bena sekein

I expect it is really hempen strain to criterion the emotion during the trading because when bargainer is earning he real teased but when he is losing then so untold mind. Both situation is attacker to command. But who moderate on this position is a victor.

[Maham Gill]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

bahi ap na boht sara acha or best rule bana han apna emotion ko control kanra ka laya es laya majuja ap ke post par kar boht kushi masoos he ha ab main be trading amin apna emotion ko control kar sakta hoon es laya to main trading karta hoon .

[budado]

First question is what kind of emotion do we really need to control? I think we don't need to control emotion. What we need is to satisfy that emotion.
For example fear. why are you afraid to trade? Theirs only one reason that I can think of and that is lack of understanding on how to make profit in forex. If we can make profit in forex then that's the time you can say you don't or not afraid to trade anymore if that happens meaning you can afford to take risk and confident enough to earn.

[asama]

I feel this is a article really useful to me I'm still looking for better ways to control emotions and until now I still can not control my emotions when trading with real account maybe I need to create a rule and follow the strategies of good trader

[MarginCall]

I feel this is a article really useful to me I'm still looking for better ways to control emotions and until now I still can not control my emotions when trading with real account maybe I need to create a rule and follow the strategies of good trader

Those who are able to control their emotions in matters that doesn't pertain to forex would be able to do so while trading forex as well. Because having a fore knowledge of emotional impedance makes one to prepare his/her mind to control the emotions prior to entering the forex market.

[naijafx]

I don't have any special stipulated rule for controlling emotions. Just that, when i know the amount to loss if my analysis goes wrong, i feel better, so i apply stop loss to control my emotions.

[dmambi]

In trading we make many rules which look very beautiful and real in paper. But when we try to implement in real account trading we face lot of problems. We tend forget those rules and most of the times later regret about our deeds. so Discipline in following the rules is also more important to control our emotions.

[waleedkhan]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

yah kafi acha rule hai humaya chiya kay phela hum jo hain woh apna emotions jo hai woh control karain taka hum aik achi trading karah sakain aur us kay baad trading karain

[Nganti]

for control the emotions is not difficult, we muss add opinion that forex is true of bussines that must pass long time to make profit or money BEP , so must add the patience in our mind, forex not a game or gambling.

[mmkhan91]

Question is what kind of emotion do we really need to control?
Anyway the best to control the emotions is by just concentrating on your strategy.

[hamadmuneer]

app ki sab baatain mujhee achi lagi hain par app ne kaha ke app 5 pips ka stop loss zaroor lagaty ho lakin kia ye bohat kam nahi hota itna to market aisy he kisi waja ke bina wapis a jati hai is ka matlab app bar bar tradain lagaty ho gya baqi ye to theek hai ager aik do ttrades loss main jain to thora rest kar lena chahye

[MarginCall]

Question is what kind of emotion do we really need to control?
Anyway the best to control the emotions is by just concentrating on your strategy.

I am in the market must have the ability to bear the loss and control of emotion and must have enough discipline to be able to get rid of the losses that surround me and this more than anything any trader wishing to achieve

[budado]

Question is what kind of emotion do we really need to control?
Anyway the best to control the emotions is by just concentrating on your strategy.
All negative feelings like fear, depression that result to emotional trading that cause us to trade wrongly. We must replace fear with confidence, depression with excitements. In this way we an focus more on how to trade and how to make profit instead of fearing that we going to loss money while we are trading.
Its also important that we know what we are doing.

[Nganti]

More better when we will make trade, our conditions must be fit all, our body in fresh , no ill, and our spycology also good, no problem outside , maybe from our family, and other our job outside, after everythink is ok, we can start to make trade without add of emotions.

[darksaimon]

manipulate our emotions in Forex commutation trading is real significant and we must protect it at utmost grandness time we trade. Tough emotions leads to falsetto losses and weakened emotions leads to losses

[mage]

Each trader a lot of rules that depend on Forex and I followed the rules:
1 - Planning a thing which is absolutely indispensable in the Forex is the first way that will help me get rid of the emotion
2 - a second means of discipline, which relied upon to get rid of the effect of emotion on Forex

[moonletter]

In terms of controlling your emotions, I tried to follow the trading rules of WD Gann, 28 according to WD Gann trading rule is very effective if you can run it without any overlap between the rule of one another .. if you ask me to run all of WD Gann's rule is not easy, I was still a lot of break.

[Rizwan]

Start trading when we must keep to the rules for emotions
Listen to a lot of analysis and periodicals economic and political
I agree with you in this your points and I'm having the same problems as you, but I beat most of them by
Follow-up economic releases and the national economy and global passion and love of making an impact on my love and not to stop trading
Listen to the lessons of human development, which motivates me to continue and follow-up transactions
created by

control the greed PLEASE. My down fall in forex trading is only because of greed.
Now I'm back in demo account to make myself get a complete control on greed.

[abdul hamid p]

"Make a Plane Before Trade". if you make a plan before trade, you will avoid the emotion where emotion is the main enemy of all trader. stay calm during hectic session.

[md satu]

your rules uis good bt i think you are scalper thats why you put 5 pip stop lose\
scalping is good for expert trader

[deathzz]

I really love the tips you give control of emotions, but emotional problems each person is different and I include people who are difficult to control when trading, especially if using a large lot ... :D

[sudsind]

your rules are very good and every trader who wants to be successful should follow these rules, as these rules are needed above all for becoming a successful trader, i also always try to follow all these rules, but sometimes i couldn't control my emotions and once a while i open bigger lots..

[Kites]

The answer to this question is simple: the 95% of the population, who leave with nothing, can not control their emotions and treat markets as a casino. The 5% of traders who are successful can not all be smarter than 95% but they have a huge advantage in that they show no emotion while trading.

[salma]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

There are three main emotions every trader at some point in their career experiences, greed, fear and hope. Successful people learn to control these emotions and move on to make big money!

Greedy traders wanting more. They are not satisfied with what they should be and are still waiting for the market to go a little more and make them a little more

[nonprado]

To control our emotions in forex exchange trading is very important and we must keep it at utmost importance while we trade. Strong emotions leads to high losses and weak emotions leads to losses.

Fearing traders are afraid of losing. They are not comfortable with the risks associated with trading of Forex and fear of losing money, place orders very soon. Fearing traders often close a trade too soon, once they are showing a small profit. They are always worried about the market will "reverse" and go in the opposite direction to what they expect

[anoha]

EMOTION IS A NATURE OF HUMAN BEING.MY RULES OF CONTROLLING OF EMOTION ARE:

1)don't over trade
2)don't risk high
3)Make a Plan
4)Stick to the Plan
5)Keep a journal
6)and don't be greed ed.
I agree with you my brother in the steps that you Bzla to control the emotions ......
During the trade, the most important thing is to stay away from high risk and a commitment to do so and the plan that we painted to go about it ....

[vladimir]

Hope traders are closely related to the players. They come in the market "hoping" they will make money. They trade up and "hope" he will go in their direction. They often leave bad trades get into the business even worse hoping that the market will turn and return to profit.

[ikram9876]

hmmm good yar nice ruls for controlling emotion mere or tumhare kuch kuch ruls melty hain apka first no ruls belkul same hain main be esa he karta ho ... mere khyal main emotion ko mar dena chaheye jes time hum trading karty hain Q ke jab hum loss karte hain tu taste ponchta hain humare emotion ko

[yogesh]

I know it is not easy to control emotions they are natural so what i would do is try to stick to my plan and have a rule that i shall not change it, thus rarely my emotions affect my trade.

[naijafx]

Either ways, emotions will always affect you, i have tried many things but i still face it hard on my trading.

[Ramnit]

Either ways, emotions will always affect you, i have tried many things but i still face it hard on my trading.

emotions as well as the patience, if we are in control of emotions that arises is patience. and all that is needed in trading to achieve better results.

[omofx]

i like you trading plan but the 5pips stop lost, i think that is to small you will get stop out from your trade, why not increase it a little bit 15pips is still better and safe

[shemozz]

I'm with you this good rules to control emotions while trading in the forex market .. I use some ... The most important point is to set a goal to reach him and that is achieved .. Must stop trading in and out of the market for a while .. Until you feel comfortable and able to regain full focus and away from the greed

[najaf12345]

Hi
I think i got the artical which i need very much it is very helpful to me and i think every one who wants to be a successful trader in the forex market should
have to grip on his or her emotion other wise it is very difficult for any one to make money from the forex market.

[Nganti]

Hi
I think i got the artical which i need very much it is very helpful to me and i think every one who wants to be a successful trader in the forex market should
have to grip on his or her emotion other wise it is very difficult for any one to make money from the forex market.

Yes, for become successfultrader we must hard to learn about forex, many parameter to must be understand, beside technical and fundamenta. trader must learn about intermarket analysis too.

[affan9011]

I don't possess any unscheduled stipulated confine for controlling emotions. Meet that, when i couple the amount to loss if my analysis goes injustice, i property outdo, so i administer halt loss to discipline my emotions.

[ayusri]

But I usually only open trades to get 10-15 pips. So what do you think my s/l should be then, about 10 pips? Cause yes it has happened before that there was a spike and I lost my investement but then it jumped right back but it's actually rare, at least I don't see it very often.

I also like that TP is a maximum of 20 points and even then very rarely if ever was 10 points in asia and europe market ten points while the number of TP in the usa market most of the TP 20 points were well taken care of really well, I just went on a trend if previously trends up or down the trail I follow to Aatu up to 20 points down if I just take more then 10 points to 40 points in his footsteps if I just took over 20 points and even then only for the GBP USD and EUROUSD not for chf, chf most is 15 points and a minimum of 10 because it is rapidly moved, if it has TP next time I am still waiting to go straight instead of having to wait to open until it is completely visible improvement and there are signs him up then follow when down or reverse the original direction of the I wait until it looks right at him.

[Jackdoson]

Amazing topics....To trade forex emotion must be erase from mind. You share the rules well for new trader like us. I hope you share more things.

[barn]

I also like that TP is a maximum of 20 points and even then very rarely if ever was 10 points in asia and europe market ten points while the number of TP in the usa market most of the TP 20 points were well taken care of really well, I just went on a trend if previously trends up or down the trail I follow to Aatu up to 20 points down if I just take more then 10 points to 40 points in his footsteps if I just took over 20 points and even then only for the GBP USD and EUROUSD not for chf, chf most is 15 points and a minimum of 10 because it is rapidly moved, if it has TP next time I am still waiting to go straight instead of having to wait to open until it is completely visible improvement and there are signs him up then follow when down or reverse the original direction of the I wait until it looks right at him.

all depends on who has the power pairnya own their own well. how much stop loss and take profit if we want to trade GOLD bro ?

[Ramnit]

all depends on who has the power pairnya own their own well. how much stop loss and take profit if we want to trade GOLD bro ?

If you try to minimize your risk then try to control your money with proper management. Don't try to be rich in one night. Sometimes it leads to take you wrong decisions. always try to keep patience during trading

[Kites]

Your rules is good, But I usually only open trades to get 52-30 pips. So what do you think my s/l should be then, about 25 pips? Cause yes it has happened before that there was a spike and I lost my investement but then it jumped right back but it's actually rare, at least I don't see it very often, I like you rules and i use some of you rules. Thanks for your good share.

[aamu]

emotions ko control karna bahut zaruri hota hai forex me..emotions ko contrl kiye bina trading karne se loss ke chancesb haut bad jate hai
emotions ka sbase bada role hota hai amrgin call ke peeche aur mujhe lagta hai ki trader jitni jaldi apne emotions ko kabu me rakhega usse utna hi zada forex me fayda hoga

[kunal ranjan]

while trading you must control your emotion because if you are mixing trading with emotions then there is a maximum chances of making losses. and here no one wants to make loss .

[aamu]

5 pips ka stop loss bilkul bhi advisable nahi hota..yaha tak ke scalping akrne wale traders bhi 5 pips ka stop loss nahi rakhte
waise to stop loss rakhen ke liye trader ko market ke support aur resistence ki jaan kari honi chahaiye lekin fir bhi 5 pips ka stop loss rakhna kisi bhi case me advisable nahi hota

[rathod]

i see that you have prepared yourself with very good and i like the point number 1 and for it then the trader will know the risk and also the reward and of course they have already used good money management and also good strategies for their trading

[budado]

Just keep on trading no matter what. Later on you will going to get tired of losing money that you are not afraid anymore to loss money. That's what I experience and that's what make me stronger.
In time you will going to realize that what you are holding are numbers and you don't think about the value of it anymore. You will just simply going to try to concentrate on how you going to take advantage of market situation and earn money.

[Ramnit]

i see that you have prepared yourself with very good and i like the point number 1 and for it then the trader will know the risk and also the reward and of course they have already used good money management and also good strategies for their trading

if a trade trust to his strategy since it has a safe system and since it will protect him. then he can just follow it and relax. no more fear no more panic or greed. the emotions will come out with newbies much since they are trading without set rules and without a strategy and system.

[Liyaliya]

Great rules and I believe that you have gotten much profit following these rules.
I use scalping and follow forex factory.

[Ramnit]

yah kafi acha rule hai humaya chiya kay phela hum jo hain woh apna emotions jo hai woh control karain taka hum aik achi trading karah sakain aur us kay baad trading karain

need strong motivation and discipline so that we do not use emotion every time we trade. If we manage to control your emotions then step toward the future will be even easier.

[mage]

Rules to control the emotion is how to get rid of the psychological things that you can not control it so you have to know well with is the way that prepares you to achieve good profits, and that keeps your trading and for this reason I adopted the strategy of fixed rules

[earn4learn]

Rules to control the emotion is how to get rid of the psychological things that you can not control it so you have to know well with is the way that prepares you to achieve good profits, and that keeps your trading and for this reason I adopted the strategy of fixed rules

to control emotion one should stop seeing on pc all day , make a plan how much profit u need if it fullfill stop trading whatever the market given dont be greed . make a trade plan when to enter follow it strictly

[5starsabuj]

Emotion is the part of man but it is very harm full for business
Who control emotion in business he doesn't loss in the business .Because any man don't trade in market emotionally.
When i start trade i want to understand and i decide how can i win and i am willing to in loose in term of pips .
When i win one time i stop the trade in this time and also when i faced with loose i also stop the trade.
Never i want to trade emotionally . because i understand that market emotion and reality is not same .

[digger_jim]

Im sorry but your self-control strategy has too many loose ends. Just take a look:


1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

Especially since you put the same lot amount every time as stated in number two, you should know how much you want to win or willing to loose long before you even start to trade.

On the other hand, "how much I am willing to loose" and "loose too much" are incompatible to one another. See, if you decided that you are willing to loose $100 every time, then any number between $0.01 to $99.99 is not "too much" at all. Too much in this case means "$100.01 or higher," which is, sadly, means you already break your own rule of "willing to loose."


2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

Take note how you make your decision here: If I "FEEL"???? When you trade based on how you "feel," it means you do emotional trading and nothing else. You should stick to your trading rules regardless of your own feeling about the signal. In later years, you might let your trade run longer because your past performance shows such a condition is possible, but not because you feel it so.


3. I will alway put a top loss 5 pips under my entry point.

I cannot and will not comment about this. Where you put your stop loss is depend on more than one thing. Your trading style, your strategy, the pair you trade, when you trade are some of the things you can factored into your decision. I don't know whether 5 pips stop loss is good or bad for you if I have to judge base on pips alone.


4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

After three losses in a row you better call it a day and take some resting time, then spend some to review those losses. Taking one hour rest won't clean you out of your emotion stirred by the losses. Worse, you don't even use the hour to review why did you loose.


5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

Since you have trouble controlling your emotion in the first place, taking a longer time to trade doesn't do you any good even if you take a 15 minute break ever half an hour. Limit yourself to trade only an hour or two any day and see if you can subdue your emotional urge to trade more. When you can convince yourself that it is okay for you to trade only an hour or two any day, you have passed the first step in controlling your emotion, my friend.


6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Still, if you can concentrate without realizing that you do a revenge trading, the result will be the same nevertheless. Especially after you have rows after rows of loosing trades (taking three, rest an hour, then another three, and rest for another hour, only to take another three losses in a row).

If I sounded too harsh, I'm sorry. But you need more than just conquering your self-control hurdle. It seems that you don't have time management as well. Please rethink it, and good luck.

[nonprado]

Your rules is good. But i think you are scalper thats why you put 5 pip stop lose. Scalping is good for expert trader. Many trader makes lots of profit using scalping trading. But i think scalping is risky. If you have good strategy then you can win too. I like you rules and i use some of you rules. Thanks for your good share.

[Rizwan]

3. I will alway put a top loss 5 pips under my entry point. <--- you have to think also that in the fx market, we are not alone, we fight another trader in opposition to us, we are also against the dealer who reads the position where we are in place the stop loss. Its too tight, susti

one of the common mistake and problem encountered by forex traders especially the beginners who has little or no experience is spending too much time trading due to greed spending too much time trading increases the chances of getting into losing trades as no individual has the capacity to predict what would happen next in the market,having a trade plan that include exit and entry point is inevitable

[Rizwan]

patience does have an important role to achieve a person's success, patiently waiting does not mean resignation, but work hard and strive to enhance our ability to both improve the technical capabilities and the ability to control our emotions.

It is possible for a person to control their emotions, but not completely. Its because the more we suppress our emotions the more it wants to burst. Then another fact is that we are all humans not robot, it is always a nature of man to have emotions. If a person already mastered his emotions that he can completely suppress it, then i can say that he had undergone some serious training about dealing his emotions. It really requires great self-discipline to control ones emotion.

[julianambas]

It is possible for a person to control their emotions, but not completely. Its because the more we suppress our emotions the more it wants to burst. Then another fact is that we are all humans not robot, it is always a nature of man to have emotions. If a person already mastered his emotions that he can completely suppress it, then i can say that he had undergone some serious training about dealing his emotions. It really requires great self-discipline to control ones emotion.

I think emotions in life is always there. It's just an ugly emotion is always detrimental to us that we have mastered, we conquer so that we can do it with our trading. emotions like that we can with many exercises in kikis accounts demo. the more we do the trading on a demo account, then the more we can scrape the uglier ones emotions.

[rahimlakhany]

I agree with Julian on ugly emotion we need to master and there should not be any rule the only thing you need to control is greed if you can control that than half the battle is won even before the fight.

[hello927]

Every organization runs effectivly if it is disciplined.Likewise forex trading also demands discipline.If one is not punctual in trading how can he demand profit from trading. The key to success is only the discipline.

[Rizwan]

But I usually only open trades to get 10-15 pips. So what do you think my s/l should be then, about 10 pips? Cause yes it has happened before that there was a spike and I lost my investement but then it jumped right back but it's actually rare, at least I don't see it very often.

Surely that we mustn't be greedy in our transaction because greedy will make our transaction in loss condition. Although we are expert trader, if we are greedy so we will get losses, it can be big losses or low losses, but it will impact to our psychology. Greedy will make us regret to our decision to use condition. If we are too greedy in many transactions, it's not only loss condition that we will experience but we can't see any chances to take extra profits because we can't distinguish our psychology is greedy or this is chance.

[pkdoo7]

emotions ko control karne ke bahut se tareekon main sabse aham hai apne nirdharit investment per adig rahna
aur mere hisab se jab aap rules ko strictly follow karte hain aur emotions ko apne decisions per havi nahin hone dete tab aapka profit to banta hi hai
sath main aap apne deposit ko bachane aur badhne main bhi kamyab hote hain .

[hello927]

Emotions play an important role in one's life. In trading emotions must be controlled so that trading should not effect. When there is loss one must control himself and try to handle the situation.

[ashwini]

main apni emotion kaise control karta hunn. jaise .. order lene se pahle yeh soch ta hunn. ki meri stop loss kanhan honi chahiye.. then take profit kitna honi chahiye.. then kitna amoutn loss. karna chaiye. taki ussi hisab se .. main lot decide kar saku. isske baad hi. main.. order entery karta hun.. so emotion se durr rahne ki kosis karta hunn.

[trader_jambi]

control of emotions in forex trading is very important and highly recommended. restraint should always be kept as good as possible. emotion is very instrumental in the success of a trader. because in this business our thoughts and emotions are very involved.

[sudsind]

you have derived a good set of rules and it's good that you follow them, as most of us make rules easily but rarely follow them, when it comes to control emotions and follow the rules properly, i think control on emotions is also required for following the rules, as we have to force our mind to follow a set of rules like a machine, which usually our mind don't accepts easily

[nurhidayah]

you have derived a good set of rules and it's good that you follow them, as most of us make rules easily but rarely follow them, when it comes to control emotions and follow the rules properly, i think control on emotions is also required for following the rules, as we have to force our mind to follow a set of rules like a machine, which usually our mind don't accepts easily

our minds do not easily accept any rules that exist so we should be able to customize any existing stage with some of the rules in accordance with market conditions that are beneficial to us to be able to reap the benefits are commensurate with some steps that could be interesting for us align with our trading well run

[hardworks]

My rules for controlling emotions


Please feel free to add any advice or comments and thanks for your help

I will try to use very small lot size to avoid emotions while the deals in wrong side. Then i will close the deal if it floats for long time in negative, this will avoid fear of the future market. If you use huge lot size, you will hesitate to close the deal, this only makes emotions. Each and every step should be deal very carefully to avoid loses.

[mage]

nice thread, controlling emotion is an important thing to success in trades. if you can't control your emotion then usually you will open many trades at the same time and against the trend and you will end with loss

We must learn from these rules upon which the others on Forex and I'm personally a fan of relying on rules and laws that make our trading discipline in which the proportion of high erosion rate to achieve high profits and to have control on emotion

[sitiz]

We can practice controlling your emotions from the experience of most people is more easily said but not easy to implement my own practice after a few times to control emotions experienced in forex lose even more than the two times I have had a margin call

[ghysalgreen]

wah nice, emotion is one of the great enemy in the forex world, if we have been able to conquer the emotions that we have means we also have a great opportunity to be successful in forex business

[abdillahikbal]

usually open 10-15 stores to get seeds. So what do you think s / l is then about 10 core? Cause yeah, it happened that there was Spike and I lose my investment, but then jumped back, but in reality it is rare, at least I do not see it often.


indeed very puzzling spike in the readings, but this spike is actually very profitable if we are able to master and read this spike when it will happen, of course, we often practice with sir

[monkedelofi]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

But I usually only open trades to get 10-15 pips. So what do you think my s/l should be then, about 10 pips? Cause yes it has happened before that there was a spike and I lost my investement but then it jumped right back but it's actually rare, at least I don't see it very often.

[jahangir2812]

I believe Julian on ugly motivation and emotion we'd like to master and there shouldn't be any regulation the sole factor you wish management is greed if you'll be able to control that than the skirmish is won smooth before the exchange blows.

[satishfx]

Susti, ur rules r really good n well thought of. But to keep s/l at 5 pips u hv to enter at very right moment and that create huge stress. When I keep low S/L I loose 80% times as if broker sees my near S/L with telescope. I like mid-night 00 AM strategy or "Fantastic-Four" where I just put orders looking to price n shut the PC to see results in evening.http://C:\Documents and Settings\Administrator\My Documents/TRDPT--060612

[Maham Gill]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

trading main jo band pana emotion ko control nahi rakta wo trading main kabi be kamyab nahi ho sakta ha q k trading main greed or emotion boht he zada kahatarnak ho sakta ha esi waja sa to trading main apna emotion ko control kanra.

[ahmedi]

Unstable psychology will make trading is not perfect. You will be a doubter, fear, concentration is not the focus, or maybe we are too confident and ambitious. That's why we are advised to stay focused on trading, forget all the problems.
you have to learn Forex basic. After complete you now see the market movement and decide and compare your ability and market power. Your sentiment may right but market sentiment 100% right. If you can walk similar way welcome.

[hitesh]

Yes trader need some brake when trader dont concentrate on watching chart. Concentration and focus is very important when trader trade. If trader take little brake then it is very good for trader. Then trader can control emotion too.

[jahangir2812]

Emotion are tough to take care of after we started obtaining lots of minus we have a tendency to are more and more losing management doing unsafe things like against the market. Lastly minus amplified stack a matter of your time for the MC. this can be proof of dangerous if we have a tendency to derive pleasure sensation.

[Adnan]

when i trade i make sure that i won but if i lose then i concentrate more and also wait for the right time to come and don't rush in the market. loosing and winning does not mean that one should lose his emotions... controlling your emotion is the main thing in forex trading...

[william88]

COntrolling emotion in trading is easy to say,but hard to do..we can only control our emotion,if we are calm and already used to it..
thee way How to control our emotion is to set a small size of lot..so our minds doesnt feel too stressed..

[nurivasyarifah]

COntrolling emotion in trading is easy to say,but hard to do..we can only control our emotion,if we are calm and already used to it..
thee way How to control our emotion is to set a small size of lot..so our minds doesnt feel too stressed..

hehehehe good good good,,, because if we enter the market with lots of levels are not too high so we do not experience stress when exposed to excessive floating adrift with pips away from your entry price of the market,,, because I always had it

[fxcelebrity]

"when you owe a little money and can't pay ..you are in trouble, when you owe a lot of money you are in real big trouble and a lot of pain. but when you owe so much money and other people keep giving you money as they fear if they don't you wont pay. then you are in a very powerful position"
:yahoo:

[barn]

COntrolling emotion in trading is easy to say,but hard to do..we can only control our emotion,if we are calm and already used to it..
thee way How to control our emotion is to set a small size of lot..so our minds doesnt feel too stressed..

this is what we have to learn, because looking into ourselves harder than we see outside. it's hard but we must try. does it need a process that is not instant.

[maulana]

3. I will alway put a top loss 5 pips under my entry point.

i doubt with those sentence... set 5 pip stop loss....?? i think 5 pip stoploss is very easily hit in few minute when we entry point.... because average floating minus in my strategy is about 10 pip... do you have strategy that will guarantee not floating minus below 5 pip....?

[TrojanFX]

The key to authoritative money in the bill barter bazaar is to abstain affecting decisions and to chase a anxiously anticipation out action that takes the accepted bazaar and history into account. Going with your gut is not the way to go in the Forex market.

controlling emotion is badly needed for every parson.who have not control his emotion,he can not success in forex trading and life.if he can not control his emotion,any where he can not found any place to stay and to success.

[Hiron]

Emotion is a great disease that really catch our balance so we should remove it.
You mentions some rules thanks a lot for sharing it.

[ishvara]

The application of money management policies in our trades is the major way to have a control of our emotions in forex trading business. The right lot size, stop loss and analysis is required in order to b able to control our emotions.

[jahangir2812]

Of course speculator wants some braking mechanism while speculator do not target observing chart. Concentration along with concentrate is extremely essential while speculator business. In case speculator carry very little braking mechanism next it really is exceptional intended for speculator. Subsequently speculator will certainly operations sentiment as well.

[saiket]

alright i think i have to try this stop lose strategy right now because i have never make use of stop lose as my point of exit before because i don't always like to see a lost in my account but based on your analysis i think i have to try making use of the stop lose so I will alway put a top loss 5 pips under my entry point
Its very important to use stop loss and I think it will helpfull for evrytraders if they use sl smaller than the tp.

[Hiron]

Excellent post that you have given but it is not enough for controlling emotions.
To remove emotions, you have to take strong steps otherwise you eat a great loss.

[ishvara]

Thanks a lot for sharing your opinions more.
I will mention 6 ways to minimize loss:
1. Realize That Losing Is Part Of The Game.
2. Know When To Cut Your Losses
3. Tell Your Broker To Close Losing Positions
4. Be Cautious
5. Slow and Steady Wins The Race
I think if all should be maintain these rules for controlling emotions.

Yes we forex currency traders should understand that loss is a part of the game of forex trading. This will enable them to let go of losing trades by closing them instead of waiting for it to return to profits hit the take profits.

[wahidaaa]

The rules are good and the very best thing about the rules is that these are very easy to be used by even all of us.The stop loss is the very good characteristic of your strategy and more so the habit of stopping the trade for some time is also good and i can prevent us from the revengeful trading.

[nterziev]

One of the lessons who every trader need to study before start trading is to control their emotions.When you are trading you need to be 100% concentrated and to think only for,that what you are doing at the moment and how to win or save your money. :)

[harcklfr]

One of the lessons who every trader need to study before start trading is to control their emotions.When you are trading you need to be 100% concentrated and to think only for,that what you are doing at the moment and how to win or save your money. :)

Easier said than done, I remember that a couple of years ago I set up an account somewhere and took a not-so-serious approach to all of this stuff. Impatience more than overconfidence took over me, and I lost pretty much everything. Good thing I didn't have much to lose anyway :)

[barn]

to control the emotions should be before we have to control or manage the risks first. so if there's loss will not be emotional because we've accepted the loss.

[TrojanFX]

to control the emotions should be before we have to control or manage the risks first. so if there's loss will not be emotional because we've accepted the loss.
it is very difficult to earn money from this forex business .and it so emotional work.one can be addicted by this forex business.it is very profitable for every one and i want to do it

[s.chandna]

This subject will help to management sentiment. In Forex sentiment entice very highly. High assets is one cause of it. But sentiment is a attacker. Truly say that sentiment not possible to management finally. But need restriction for achievements. Well education and experience can management this attacker. Highest possible time Emotion create achievements. But some of your energy and energy it create me loss. So need set our place in a comfortable place.
Discipline also another cause of managing sentiment.

[TrojanFX]

This subject will help to management sentiment. In Forex sentiment entice very highly. High assets is one cause of it. But sentiment is a attacker. Truly say that sentiment not possible to management finally. But need restriction for achievements. Well education and experience can management this attacker. Highest possible time Emotion create achievements. But some of your energy and energy it create me loss. So need set our place in a comfortable place.
Discipline also another cause of managing sentiment.
Controling emotions in forex trading is one big challenge and if we can not control our emotions we will experience a major failure in forex trading so we must learn to control angry and greed to be successful.

[TrojanFX]

Nice thread good tips specially for newbies who just have started forex trading btw another important part in trading is been patience and discipline to become successful in this market.

The fact that we are human beings, our emotions must always be active. The best way that we can actually control our emotions, is for us to be able to discipline ourselves so that we won't be greed when we trad and we would develop the habit of patience.

[sgiant]

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

At point 6 that must be considered, if at all difficult to analyze ourselves better left off the trade market and do other activities. I do this often, because to avoid the risk of greater losses.

[kibara]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:


okay thanks very much for your time taken to analysis this very vital information to all member of the forum and i think i can gain from the aspect that if i can not concentrate in the movement of the trade for more than 5 minute then i just have to quit the market for another day this i think is the best

[be-lazy_think-crazy]

I think for manage the emotions needs to be performed in levels for me alone to control the emotions never need as well much for making the rules so as not to problem

[ayusri]

it is very difficult to earn money from this forex business .and it so emotional work.one can be addicted by this forex business.it is very profitable for every one and i want to do it

if we feel difficult to make trades that can make money in forex trading, then we have to struggle with trying sebagaimanapun way because if it is successful we mastered the forex will come into our main money machine, but sayangnay people always think fast to get money from forex to ignore the rules of forex trading rules and in the end only for losses that piled up losses of the day to day, most traders stalls are due to lack of experience and the nature of greed that always haunt emosinoal trader and this is that we must defeat, before we managed to beat the self-aggrandizement of the self we ourselves will be hard to get profit from forex trading, one for the road-ways and greedy nature menghabat is to make the target trading plan in which there is also a plan and method of trading that we have to do without a good trading plan will be impossible to trading profit our passions, our distress is the main trading greedy preformance throw ourselves what we should eliminate maaka used for the first time we will be successful in forex tarding this.

[budado]

Most important thing in forex trading is understanding how forex works. theirs really nothing to control. Its all in newbies mind. Its like stage fright. But if you trade regular you don't get this problem anymore. Just try to trade for a month or two and you will realize that your fears will just going to die out.

[william88]

My rules for controlling emotions
Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help

u put ur stop loss only for 5 pips?is it enough??
because i think it is a too little,and u can get out before it gives u profit..

[vijai21]

i am a beginner in Forex trading i never thought emotion going to play in Forex trading.after your reading your thread i am going to consider this one too.

[sgiant]

3. I will alway put a top loss 5 pips under my entry point.

On the third point I disagree, because the placement of stop loss 5 pips below the price of open positions are too close. If you see the percentage you will often lose than win. Stoplose arrangements should be more than 10 pips is a safe distance.

[zahidrock]

Yes you have made some good tips for every newbies trader. But on 3 number point i will never agree with you. because if you put your stop loss on 5 pips from your entry level then you will every time loss your money. So try to make few distance for stop loss.

[monkedelofi]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

To control our emotions in forex exchange trading is very important and we must keep it at utmost importance while we trade. Strong emotions leads to high losses and weak emotions leads to losses.

[yoryo]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

3. I will alway put a top loss 5 pips under my entry point. <--- you have to think also that in the fx market, we are not alone, we fight another trader in opposition to us, we are also against the dealer who reads the position where we are in place the stop loss. Its too tight, susti

[ahsankhan]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

yah app ka kafi acha rule hai aur may yahi bolon ga sub ko kay app logo yahi rules ko follow karain taka app ko zayda nukhsan na ho forex market may aur ho saka tu app apna emotions ko kab may rakain.

[i7ssan]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

Start trading when we must keep to the rules for emotions
Listen to a lot of analysis and periodicals economic and political
I agree with you in this your points and I'm having the same problems as you, but I beat most of them by
Follow-up economic releases and the national economy and global passion and love of making an impact on my love and not to stop trading
Listen to the lessons of human development, which motivates me to continue and follow-up transactions created by You

[Ramnit]

To control our emotions in forex exchange trading is very important and we must keep it at utmost importance while we trade. Strong emotions leads to high losses and weak emotions leads to losses.

i think every trader need control their emotion for make money from forex business, now forex business is world wide business and trader can make money from forex market with their experience and knowledge.

[shosha]

Nice topic ... Control emotions during trading is very important ... I do I use stop loss to control my fear of loss ... Also do I set a target for every transaction do I open it and when do I get to the target to exit the market so as not to cause a controlled greed and the loss of everything ..

[Biddarani]

Good post you have written, thanks. I think without removing emotions no one can earn,
You should be realistic more and more.

[kibara]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:


In trading we make many rules which look very beautiful and real in paper. But when we try to implement in real account trading we face lot of problems. We tend forget those rules and most of the times later regret about our deeds. so Discipline in following the rules is also more important to control our emotions.

[Juleenayer]

You shared a good strategy to remove emotions. I think emotions is a great disease, every trader should avoid theses
following some rules that you have given.

[Ramnit]

Good post you have written, thanks. I think without removing emotions no one can earn,
You should be realistic more and more.

we make a bad analysis when we get emotional so we should avoid emotion. sometimes Forex make some loose of our time so don't be frustrated be quit and take patient. remember that after a night day will come

[sazzad]

Your rules are good but i think if a trader want to control his/her emotion then he /she have to do more and more practice in the demo account with a strategy which is he want to use in the real account with small lot size for long time then he/she can control the emotion insallah.

[budado]

Even if you have long list of rules in controlling emotions if you don't trade regularly you will not going to overcome this emotions. When I'm starting trading again 5 months ago I even have sleepless night. I'm afraid that I will going to get MC or loss etc. But after two months of loses and stress I make profit. And for three months I'm making profit I'm more relax and confident to myself. And I realize that I'm not emotional anymore.

[pickmurari]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

Quite a good topic and one of the basics in any sort of buisness or trade. How to control emotions and continue with normal trading. Many kingdoms fall when hasty and emotional decisions are taken.

Good on u to bring up the point. I appreciate you sharing ur experience and the methods to control emotion while trading.

Could really help in maintaining a balance in any situation

[kibara]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:


Yes trader need some brake when trader dont concentrate on watching chart. Concentration and focus is very important when trader trade. If trader take little brake then it is very good for trader. Then trader can control emotion too.

[yoryo]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

But I usually only open trades to get 10-15 pips. So what do you think my s/l should be then, about 10 pips? Cause yes it has happened before that there was a spike and I lost my investement but then it jumped right back but it's actually rare, at least I don't see it very often.

[i7ssan]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

that right master,if we want to succeed in forex trading key is discipline, discipline in running the trading rules we have created yourself, because sometimes we set the rules of trading, but no discipline in the run so that the result does not correspond with what we expect.

[miketega3]

the best way to control emotion for me is to demo trading you strategy and see how effective it is on demo account, so you will only be trading on paper money not real but it will give you the feeling of trading a live account

[yoryo]

The most emotional factor is greed. Some one can overcome his/her fear. After some days of investment he/she become confident. But when he/she become confident then his/her greediness about profit will increase. for that reason i like to say control your greed.

[Ramnit]

The most emotional factor is greed. Some one can overcome his/her fear. After some days of investment he/she become confident. But when he/she become confident then his/her greediness about profit will increase. for that reason i like to say control your greed.

Emotional trading is nature of man It cannot be eliminated but can be lowered by practice and consistency to trade manually.I cant control my emotion so I use EA for scalping .Scalping require to be emotion less.

[susanto]

Fast tips to control our emotion is actually if perhaps we constantly put stop loss not to mention consume earnings with regard to our very own trade. It can make you not being greed and definitely not rush throughout our trade.

to control our emotions will be effective and less risk of loss we use a secure system and use the stop loss is uncertain and will minimize losses

[ayakcalysta]

to control our emotions will be effective and less risk of loss we use a secure system and use the stop loss is uncertain and will minimize losses

correct sir, of course, there are also traders who do not use stop losses when trading with the assumption that the trader was already so convinced and so had plenty of experience of course, but we should be obliged to put stop losses in each of our trading

[Ramnit]

correct sir, of course, there are also traders who do not use stop losses when trading with the assumption that the trader was already so convinced and so had plenty of experience of course, but we should be obliged to put stop losses in each of our trading

when you open a position, you always can not control greed and fear it really is bad and you always have loss instead of profit I recommend a good way to control emotions is to use SL and TPO each dealing with forex

[sammy]

yes actually to trade successfully in forex we need to control our emotion very much. greed and fear these are the two enemy of a trader. so dont get posessed by them. make a trading plan and analyse before giving trade. dont change in any situation.

[kajole]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

Your rules is good. But i think you are scalper thats why you put 5 pip stop lose. Scalping is good for expert trader. Many trader makes lots of profit using scalping trading. But i think scalping is risky. If you have good strategy then you can win too. I like you rules and i use some of you rules. Thanks for your good share.

[i7ssan]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

we knows that your system is a good one.we can apply it with demo firstly and then with live only if its proven to be succesful.
if possible share some images f this system.obviously i will test us.

---------- Post added at 10:01 PM ---------- Previous post was at 09:59 PM ----------

patience does have an important role to achieve a person's success, patiently waiting does not mean resignation, but work hard and strive to enhance our ability to both improve the technical capabilities and the ability to control our emotions.

[youssef]

when i trade i make sure that i won but if i lose then i concentrate more and also wait for the right time to come and don't rush in the market. loosing and winning does not mean that one should lose his emotions... controlling your emotion is the main thing in forex trading...

[Kimpet]

when i trade i make sure that i won but if i lose then i concentrate more and also wait for the right time to come and don't rush in the market. loosing and winning does not mean that one should lose his emotions... controlling your emotion is the main thing in forex trading...

I think all trader are face in emotion problem, I think when a trader perfectly analysis the market and able to make wining trader more than loser then he get confidence to his analysis and confidence help to control emotion.

[cfxsignals]

If anyone has a pet dog or cat, that is the BEST for controlling emotions. Go out and walk your dog or play with your cat, and it will help bring your stress down. It sounds like a funny way of doing things, but its been shown that animals reduce stress a lot.

[milan]

A merchandiser staleness be competent to control his emotions patch trading. but in my view, set a acquire butt before trading can also be a psychical charge if the point is rarely met or had not even achieved at all. as excavation as the installment of break losses that are too confidential to the content would be really unproblematic to undergo expiration.

[room]

emotions ko control karna bahut zaruri hota hai forex me..emotions ko contrl kiye bina trading karne se loss ke chancesb haut bad jate hai
emotions ka sbase bada role hota hai amrgin call ke peeche aur mujhe lagta hai ki trader jitni jaldi apne emotions ko kabu me rakhega usse utna hi zada forex me fayda hoga

---------- Post added at 10:58 PM ---------- Previous post was at 10:54 PM ----------

5 pips ka stop loss bilkul bhi advisable nahi hota..yaha tak ke scalping akrne wale traders bhi 5 pips ka stop loss nahi rakhte
waise to stop loss rakhen ke liye trader ko market ke support aur resistence ki jaan kari honi chahaiye lekin fir bhi 5 pips ka stop loss rakhna kisi bhi case me advisable nahi hota

[computers]

yah kafi acha rule hai humaya chiya kay phela hum jo hain woh apna emotions jo hai woh control karain taka hum aik achi trading karah sakain aur us kay baad trading karain

[goldenmember]

These are good rules, and I should try and write them down and follow them as well. I too have lost money because I am emotional. problem is that I cannot stop emotions sometimes. Last time I lost account I got really angry that I missed a trade so I placed 2-3 trades and they went other way straight away. It is so annoying sometimes. I will follow emotional control from now on.

[wulandari]

These are good rules, and I should try and write them down and follow them as well. I too have lost money because I am emotional. problem is that I cannot stop emotions sometimes. Last time I lost account I got really angry that I missed a trade so I placed 2-3 trades and they went other way straight away. It is so annoying sometimes. I will follow emotional control from now on.

yes you need to write down them to paper to remid you all the time, thats why you can get the most benefit online tutorial from this forum, also maybe you can found a suit method thats can get profit for you in the future

[aminos]

I agree with Julian on ugly emotion we need to master and there should not be any rule the only thing you need to control is greed if you can control that than half the battle is won even before the fight

[anish]

The controlling of your emotion system is truly good and it is a good example of discipline .I think all forex trader should remain in such emotion controlling otherwise our forehead will be worst .thanks for sharing your view .

[musa2012]

Concentration for work is needed. Forex trading is a huge work. You have to check many things in a minute and then decide about it. Your decision is more valuable than other works because it is directly related to your money. Emotion is bad and when you lose some thing you become more emotional. so we all have to know how to control emotion quick.

[william88]

3. I will alway put a top loss 5 pips under my entry point.

sometimes i think using only 5 pips from our entry point is too small..
it can hit the stop loss before it making any profit..

[Kimpet]

sometimes i think using only 5 pips from our entry point is too small..
it can hit the stop loss before it making any profit..

emotions are very bad things.emotions can destroy ones business easily.bad emotions are fear,greed etc.these can increase your want and then you can not maintain your satisfaction level,so that you may face the loss

[computers]

A trader can control his emotions with confident .if a trade trust to his strategy since it has a safe system and since it will protect him.then he can just follow it and relax.no more fear no more panic or greed.the emotions will come out with newbies much since they are trading without set rules and without a strategy and system.

[nurivasyarifah]

I just left my workplace, which is left to face the monitor if you are already feeling emotional look at the market, in the meantime I usually go out of the house or find an atmosphere that can be inspiring to sit in front of the monitor again, hehehe

[jahangir2812]

The curbing of your respective sentiment method is really very good and it's also among discipline. I do think almost all trader ought to stay in this sort of sentiment curbing or else our own temple are going to be most severe. Thanks with regard to revealing your look at.

[lap]

5 pips ka stop loss bilkul bhi advisable nahi hota..yaha tak ke scalping akrne wale traders bhi 5 pips ka stop loss nahi rakhte
waise to stop loss rakhen ke liye trader ko market ke support aur resistence ki jaan kari honi chahaiye lekin fir bhi 5 pips ka stop loss rakhna kisi bhi case me advisable nahi hota

[lap]

5 pips ka stop loss bilkul bhi advisable nahi hota..yaha tak ke scalping akrne wale traders bhi 5 pips ka stop loss nahi rakhte
waise to stop loss rakhen ke liye trader ko market ke support aur resistence ki jaan kari honi chahaiye lekin fir bhi 5 pips ka stop loss rakhna kisi bhi case me advisable nahi hota

[ishvara]

We just have to keep controlling our emotions in forex exchange trading business till we perfect in it and then become experts in it. It is through gaining of experience that we traders can actually get a good control of our emotions.

[kubi]

mere khial se emotions ko controll krne ke rules itne ziyada work nhi krte in emotions ki waja se mujhe kae baar bhot zyada losess ka samna krna para hai.in ko controll krne ke liye banda sabr se kaam le.

[alamFX]

My rules give me my edge and prevent me from taking trades where my edge is not.... measuring , controlling and understanding my risk on each and every trade.

[nurhidayah]

My rules give me my edge and prevent me from taking trades where my edge is not.... measuring , controlling and understanding my risk on each and every trade.


every stage of the risk to less good and interesting for us to trade the subject of a less pleasant and less so we can accept the draw when the process is still a problem for us as a trader when encountering any existing impasse, it is this which should be level should we understand by drawing whatever problems we face

[lights]

rules to control my emotions is to use money management, and not very often see chart. frequency of looking at the chart makes it difficult to refrain from conducting open position or closed position.

[forexbdh]

Emotion is your great enemy in Forex. There are more chance to losing trade if anyone make his/her trade by just emotion. Cause to make a trade there are need analysis whatever it is technical or fundamental.

[dhiraj]

emotions ko control karna bahut zaruri bhi hai aur bahut mushkil bhi hai
har trader aisan ahi akr pata lekin jo bhi kar leta hai uske liye forex me bahut fadya hota hai.emtoions ka game bahut bura hai mujeh isse bahut baar bahut bada bada loss hua hai

[sharabela]

I like your strategy. Especially when you said that I wait for at least 4 bars in 15 minutes charts to put a trade again. But I do not know setting up your stop loss position just with 5 pips how realistic that is. However, it must have been working for you and that is why you have been doing this, I suppose.

[Kimpet]

I like your strategy. Especially when you said that I wait for at least 4 bars in 15 minutes charts to put a trade again. But I do not know setting up your stop loss position just with 5 pips how realistic that is. However, it must have been working for you and that is why you have been doing this, I suppose.

Well a trader who do not frustrated by some bad trades keeps control on emotions and he is the real trader in my opinion, those who react negatively in case of consecutive losses are not mature traders in fact.

[fxlover]

i think to control emotion we need to just take control our mind and minimize our expectation. for emotion till now i am a loser. to avoid my emotion now i am totally changed my trading plan. i trade with small lot size and try to happy with small profit also. thus i am tension free in whole day rather than past.

[leherchand]

A trader can control his emotions with confident .if a trade trust to his strategy since it has a safe system and since it will protect him.then he can just follow it and relax.no more fear no more panic or greed.the emotions will come out with newbies much since they are trading without set rules and without a strategy and system.

[shero]

of course and without any doubt financial markets test our emotions and if we can not control our emotions we will see many margin calls and many losses because emotions are the main reasons of losses

[sheriffex]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:
I don`t know if i can advice u. I am a day trader. why not go into day trading than scalping. for me, scalping increase restlessness and hypertension.

[suresh]

correct sir, of course, there are also traders who do not use stop losses when trading with the assumption that the trader was already so convinced and so had plenty of experience of course, but we should be obliged to put stop losses in each of our trading

[king]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

Yes absolutely all traders are required by the concentration that it is important for all traders. So if you want to take advantage must conrole our emotions, even if it is of very good traders.

[Kimpet]

Yes absolutely all traders are required by the concentration that it is important for all traders. So if you want to take advantage must conrole our emotions, even if it is of very good traders.

In the forex you should control your emotions so control your emotions, This is because emotions are very strong and as humans, we must have emotions. and do forex trade

[ronin]

when first I was a first time to trade in the forex chart I always leave when I have opened a position, of course not forget to put take profit. it is enough to help me in dealing with emotions and a sense of panic.

[anika38]

well said. Is this enough all the tym? I dont think so. thanks

[jamalsale]

In trading we make many rules which look very beautiful and real in paper. But when we try to implement in real account trading we face lot of problems. We tend forget those rules and most of the times later regret about our deeds. so Discipline in following the rules is also more important to control our emotions.

[ahmedi]

In the forex you should control your emotions so control your emotions, This is because emotions are very strong and as humans, we must have emotions. and do forex trade
yes and i think its must, well i believe that in any trade or business there are always processes and stages to follow, no one can really try to attain any level without passing through the main steps. and i think Demo account helps to provide opportunity of work with low investment

[jabersr]

i have lots of confident on myself so if i became loser or facing any problem i can control my self.who have not control his emotion,he can not success in forex trading and life.The right lot size, stop loss and analysis is required in order to be able to control our emotions.

[raselprodhan]

thank you friend ....you have good topic.........My rules for controlling emotions is risk of 10% and profit 20%.......i want to make every day my 1% add my balance.........my stagy so easy........i am also scalping......thank you read my post........
happy trading.......

[Paman Gober]

like every one post here, i want to ask you about Stop loss 5 pips, i think its more risk than what you can get... more risk than reward, if i calculate it so you can lose 5 pips + spread 3 pips = 8 pips,... if you are a scalper you can use take profit, but no use stoploss.. its important to scalp.. :)

[alamFX]

I have problems controlling my greed... The interesting thing is that i am a person who will follow rules when there is someone there... we are our own bosses i am finding it very difficult to control my greed and my emotions.

[saif]

if u want to control ur emotion in forex pls Don't waste time learning the "tricks of the trade. Instead, learn the trade.because everyone we know that overload is not much effective than normal.overload is harmfull for our trade. just take it easy,do trade with market analysis.

[Kimpet]

if u want to control ur emotion in forex pls Don't waste time learning the "tricks of the trade. Instead, learn the trade.because everyone we know that overload is not much effective than normal.overload is harmfull for our trade. just take it easy,do trade with market analysis.

Emotion is a risky thing for trading.And it is much harmful for Forex trading also.And it is a threat to our profit.To earn Profit we have to do our own duty ,we have to control it and we have to do so.For our own purposes.

[Kimpet]

i think emotion is needed for every work. but not so much no one gain without emotion. but traders think how much invest or capital and he has to trade according to your capital
if u emotionally trade not follow your capital than u ll be loss must.
thanks

I think to control our emotion in trading forex we should learn psycololygical market to manage our loss . If we had handle it we could read the market and make us be patient trader cause we had known where the market.

[forexstudentforever1]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping. 1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours. 2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more. 3. I will alway put a top loss 5 pips under my entry point. 4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong. 5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.
6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading. Please feel free to add any advice or comments and thanks for your help :good:I really do appreciate your rules. If we maintain these rules then obviously as a scalper we can be successful.