Do You Need To Put Your Emotion in Trading ?
“There are two schools:
1. People want to eliminate emotions in the trading. He is practicing emotional limitation in a particular environment. Extend the mind both in depth (towards emotional elimination) and width (to the environment other than trading).
2. People want to control emotions. Work with him must have both greed and fear to progress. “
This is exactly the 2 schools to deal with trading psychology. I would like to analyze a little difference between these two schools.
Eliminate emotions
This is a group of trader that emotion is the problem, to kill the problem to kill the original is to remove emotions from the trading process. They learn how to keep the emotional impact to a minimum. And to put the mental state in the mind and consciousness.
Some ways to eliminate emotion are to look at the issue in a different way in order to separate emotions from the psyche. Or whenever the emotion signals out of control, the trader immediately distracts himself to avoid consequences.
Put another way, getting rid of emotion is making the robot look as good as possible. The ultimate goal of this school is to promote the power of reason and to reject emotion.
Emotional control
In contrast to the above, some other traders said that should not seek to eliminate emotions. May be because it is not necessary, or can not be eliminated. So one must choose one way to live and control emotions.
With this school, you will apply the transition, the emotional direction to beneficial goals such as using stress to increase concentration, turning heart to aspire to success, turning the fear of losing money into spirit the law,…
These traders “use” emotions instead of removing emotions. Because they believe that emotions create new motivation for success.
For you, which school is better suited?
I do not discuss the correctness of the two schools. I just put up an open question for you. What school do you follow? How will you do it? How is the effect? Share your experience, your opinion about these two schools?
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