tag:blogger.com,1999:blog-3736705011057482337.post6899242747157284760..comments2023-11-05T05:53:06.150-05:00Comments on MadStocks.com: EmotionsRagin' Cajunhttp://www.blogger.com/profile/15379413719453167042noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3736705011057482337.post-85769098456381872392007-04-19T04:10:00.000-04:002007-04-19T04:10:00.000-04:00Why iz dat? Is she emotional? HAHAHAHA!Why iz dat? Is she emotional? HAHAHAHA!Trading Goddesshttps://www.blogger.com/profile/07054262886223497816noreply@blogger.comtag:blogger.com,1999:blog-3736705011057482337.post-64303572058639186952007-04-18T23:44:00.000-04:002007-04-18T23:44:00.000-04:00I do, but my wife may not like it :-)I do, but my wife may not like it :-)ShortDaBullhttps://www.blogger.com/profile/04204856248454997999noreply@blogger.comtag:blogger.com,1999:blog-3736705011057482337.post-32694930348026743892007-04-18T14:54:00.000-04:002007-04-18T14:54:00.000-04:00"Many traders blow up their accounts in a relative..."Many traders blow up their accounts in a relatively quick span solely based on trading emotionally." <BR/><BR/>Many traders blow up their accounts in a relatively quick span solely based on trading inexperience.<BR/><BR/>Wanna go for a cold beer?Trading Goddesshttps://www.blogger.com/profile/07054262886223497816noreply@blogger.comtag:blogger.com,1999:blog-3736705011057482337.post-14958971522314677862007-04-17T22:22:00.000-04:002007-04-17T22:22:00.000-04:00Also one other point. yes like you said "Everyone ...Also one other point. yes like you said "Everyone has done one or more of the things you mentioned." (re emotions).<BR/><BR/>And many will continue to do those things. When we all first started out we were probably much more guilty of doing all that. But if you isolate and identify just how pointless & detrimental these emotions are, you'll be better off.<BR/><BR/>Many traders blow up their accounts in a relatively quick span solely based on trading emotionally. And yes i did so too in the past. I didn't find consistent profits until I learned to remove emotions from trading.ShortDaBullhttps://www.blogger.com/profile/04204856248454997999noreply@blogger.comtag:blogger.com,1999:blog-3736705011057482337.post-19841793848057760332007-04-17T22:17:00.000-04:002007-04-17T22:17:00.000-04:00TG,I understand what you're saying. And yes this l...TG,<BR/><BR/>I understand what you're saying. <BR/><BR/>And yes this line you say<BR/><BR/>"I believe the successful investor is an experienced investor who is realistic as well as logical and does not let their emotions change their original strategy. "<BR/><BR/>I agree. When you enter a trade you have an exit point and you cannot let emotions change your strategy. That's what i mean that you must become like a robot towards your positions.<BR/><BR/>"There are many stocks that people love to trade."<BR/><BR/>Yes, again this happens. But would you trade a stock just to trade it, based on your "love" for it? No, not if you are going to be consistent and true to your strategy.<BR/><BR/>You say re: me not feeling emotion towards my positions. "It is my opinion, that's bullshit."<BR/><BR/>Why would I feel greed/fear/regret/joy etc. (detrimental emotions) towards a postion? I buy based on what I see and my strategy (technical) or on a thought/thesis (experience), if it reaches my sell point or the thesis changes either way, I get out. I don't let anyhing else dicate what I do.<BR/><BR/>I also don't allow myself to trade too big on any position nor do I have any regrets about taking a loss. It's part of what we do.<BR/><BR/>The psychological aspect of trading is just as important as your experience in the market. I strongly believe that you have to build yourself up mentally, in a certain way if you are to succeed. Much of that has to do with distancing yourself emotionally from the noise yet still filtering enough in that you know what's going on.<BR/><BR/>It's a very underrated topic that is never really talked about to the general investing public.ShortDaBullhttps://www.blogger.com/profile/04204856248454997999noreply@blogger.comtag:blogger.com,1999:blog-3736705011057482337.post-84548816917961272652007-04-17T20:18:00.000-04:002007-04-17T20:18:00.000-04:00sdb,I was actually looking foward to your response...sdb,<BR/><BR/>I was actually looking foward to your response...<BR/><BR/>Now, first of all. You can never win with a woman. Not me at least. lol!<BR/><BR/>Second of all, in the beginning of your post you say "I can say 100% that I do not feel any emotion towards any positions".<BR/><BR/>It is my opinion, that's bullshit.<BR/><BR/>And then in your response you say:<BR/><BR/>"You cannot fall in love..."<BR/>"You cannot have regrets..." <BR/>"You cannot feel greed ..."<BR/>"You cannot feel pissed off..." <BR/>"All these are pointless and detrimental to you."<BR/><BR/>There are many stocks that people love to trade. And they trade them over and over again. Heck, I know someone who has been trading just ORCL for 5 years. 5 years. He loves that stock! <BR/><BR/>Everyone has done one or more of the things you mentioned. And, imo, everyone will always have some sort of feeling in the future. <BR/><BR/>As long as you acknowledge that and that is where the logic and being realistic comes in, which I mentioned in my January post. You still have feelings. You still have thoughts. You still have emotions. But logically and realistically, you know what must be done to be profitable.<BR/><BR/>And, imo, we will always have emotions or thoughts or feelings even while <B>in</B> a "trade" as you say. I believe the successful investor is an experienced investor who is realistic as well as logical and <B>does not let their emotions change their original strategy.</B> <BR/><BR/>I learn something every single day in the stock market, either by personally doing something or by reading or hearing about something from another trader or investor, such as yourself.<BR/><BR/>And I really do appreciate it. Happy trading to you. :)Trading Goddesshttps://www.blogger.com/profile/07054262886223497816noreply@blogger.comtag:blogger.com,1999:blog-3736705011057482337.post-14293018206026850552007-04-17T01:41:00.000-04:002007-04-17T01:41:00.000-04:00TG,I think you're misunderstanding me, paragraph 3...TG,<BR/><BR/>I think you're misunderstanding me, paragraph 3 of my post talked about passion etc.<BR/><BR/>I'm not talking about emotion as it relates to the overall concept of trading and life. I'm talking about emotion how it relates to individual positions. <BR/><BR/>You cannot have emotions when it comes to your specific positions.<BR/><BR/>You cannot fall in love with a stock.<BR/><BR/>You cannot have regrets about selling a stock too early.<BR/><BR/>You cannot feel greed and try to extend a position after it hit your sell point.<BR/><BR/>You cannot feel pissed off about missing out on a stock.<BR/><BR/>All these are pointless and detrimental to you.<BR/><BR/>We're all human, sure. But like I stated, after you actually try to isolate these things and make a conscious effort to not feel this, you can do it.<BR/><BR/>After you do it for a while, you will be able to enter & exit trades without being attached to them.ShortDaBullhttps://www.blogger.com/profile/04204856248454997999noreply@blogger.comtag:blogger.com,1999:blog-3736705011057482337.post-6986510173923478912007-04-16T02:06:00.000-04:002007-04-16T02:06:00.000-04:00sdb,I think you better check your pulse. heheSeri...sdb,<BR/><BR/>I think you better check your pulse. hehe<BR/><BR/>Seriously, (which is an emotion btw - lol!), thanks for your post as well as taking the time to read mine. <BR/><BR/>Now let me point out just a couple things, if I may (?)...<BR/><BR/>You say here "... but after you learn to treat it like a career I can say 100% that I do not feel any emotion towards any positions. All those emotions listed don't benefit your trading at all."<BR/><BR/>hmmmmm <BR/><BR/>And in your original post you say "If you're not passionate about trading, you shouldn't do it."<BR/><BR/>Now...isn't having a passion for trading an emotion? Don't you think having a passion for trading <B>benefits</B> your trading in at least <B>one</B> way?<BR/><BR/>And on the flip side of that, if passion was left out, don't you think your trading would suffer in at least one way? Obviously you do, as you said you shouldn't trade if you are not passionate.<BR/><BR/>And btw, I would even say that being "stone cold" is an emotion.<BR/><BR/>;)<BR/><BR/>Just my emotional 2 cents, iz all.<BR/><BR/>lol!Trading Goddesshttps://www.blogger.com/profile/07054262886223497816noreply@blogger.com