What Does Giving up on Your Humanity Means? 👶🏻

Of course we are not talking about absolute humanity, so I want to clarify at first that humanity is a beautiful thing and should not be forgotten, but the intention here is how how abandoning humanity made you a successful trader in this business.

Why should a trader in the market today give up his humanity and how can this help in obtaining better results and improving the general performance of a trader.

There are many problems that a trader faces when he/she wants to open a trade or make deals, all because she/he is (a human being) so one of the most important solutions that I personally have applied is to completely dispense with my humanity when I trade, and actually, the results are starting to appear and my performance is progressing towards Positive and more stable than before, so what is the secret?

Let's Identify The Problem 🤔

I wrote earlier article about how a 'trading system' can kill any 'strategy', read it here: Your Strategy Killed By My System And the aim of the article was to demonstrate the strength and importance of having a certain system that enables you to trade based on data provided by the market itself and not data that you search for as the owners of strategies do; To briefly explain, I have wrote that the system can work 24/5 because it does not look at what is going in the market to work, but rather works in line with what actually happened in the market. Here is the difference point.

The problem in general and the reason you do not succeed as a market trader is because you are "human"!

The problem with being "human" is that humans are objects that cannot interact with and deal with external data without the help of feelings and sensations. The feelings inside you can control more than 50% of the decisions you make in life & as a trader, this is a high percentage, and this high percentage will put you in difficult situations, and will force you to choose irrational options.

Imagine this scenario with me:

Price rally and made strong uptrend with good support by bulls momentum and high volume was involved in that move. Then, Price Hit Previous Resistance-level. And start showing strong signs of selling-off.

What you gonna do at this case?

1. Open Sell order immediately?

2. Wait for the price to sell more?

3. Open Sell order just when price hits the Resistance

• What's your decision?, I'll tell you the right answer to this in few sec...

Fear, confusion, enthusiasm, sadness, weakness, strength, desire, impulsivity, and feelings, psychological and others are all factors that the "human being" requires in light of certain circumstances to make a decision based on them, and not based on analyzing the circumstance and situation and using the most important factor for decision-making On the basis of which is (The Brain).

You must leave humanity in the business world, especially (the stock market or Forex) because these markets move based on technologically advanced data, computers and robots, so how can you add a set of feelings to overcome advanced technology algorithms? If you get into a war like this, you are definitely from the losing side.

So, What's The Solution 🤷🏻‍♀️

In fact, when I started trading in the early stages of my career in this business, I thought I could not separate feelings so that I could logically and systematically trade. But when I realized that feelings are being created by the brain (watch the video below) I realized that I could be stripped of feelings by training my mind to do so.

The mind is the main performance that you use as a trader to be able to understand charts, develop strategies and determine the amount of risk. Accordingly, the results are either negative or positive.

Negative results based on decisions resulting from the mind are better than positive results based on decisions resulting from feelings. Why?

Because, as a trader, you want to know all the details that relate to the deals that you make, for this the deals that are based on feelings will be difficult to track their details, but the deals that are the result of logical and mental decisions, then it will be easy for you to analyze them in the future and return to it and that Because its structure is based on practical principles, logical, subject to analysis and interpretation, and you as a trader, you need all these facts, as they determine your current year’s performance and give you an insight into your future performance.

Summary 🤗

And to answer the previous question, the correct answer is that (there is no correct answer), all the answers that were mentioned in the options above are wrong and if you chose one of them there is nothing wrong with you it's only was a choice based on your feelings and not logic.

The correct answer is: Waiting for confirmation.

Computers that operate today in the field of trading and that are used to analyze markets and open and close deals operate based on specific events and respond to them, as it is not possible for any computer in the world to open a purchase or sale transaction before a specific event occurs and accordingly the transaction is completed, because computers In general, works (after) obtaining assurances and not (before them), on the other hand you must act like a computer and kill your sense of "humanity" and act according to logic.

If I asked you: Why would you open the next deal ??

If your answer starts with: (Because I believe/Think/Guess) then the probability of losing the deal is big.

Your answer must always start with: (because of), you must have logical and systematic reasons as a trader and not allow belief or feelings to base decisions instead of your mind.

Humanity is beautiful, but when it comes to money and business, especially in our field of work as traders in the stock market or Forex, humanity is our first enemy, and we cannot cooperate with it or negotiate. Either logic and Reasons, or Feelings and Failures. Your Choose.

🥂

🙋‍♂️ Written by: @itsFiras ┊ 31/5/2020 - 01:50PM

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