Re: Keep proper distance but not losing passion

One shouldn't let external emotions affect his trading, be they good or bad

It is a lot easier when you follow a certain strategy as in that case you can bravely ignore bad or good moods, dangers as well as pleasures, and do your thing (in this case trading) as good as ever. Otherwise, your trades will still be negatively affected regardless of your mental state, whether you are in a good mood or shape. Your "best time" may easily turn out overconfidence, resulting in as bad results (if not worse at all)

I think that emotions would be what the OP is referring as like a garbage knowledge that he should get rid of. It's like an innate knowledge we always have in doing every single things in life anyway

There's another catch though

And this catch is what ruins not just wannabe and armchair traders but also seasoned and experienced ones. Long story short, we are not hard-wired for trading. We are made in such a way as to react quickly without a lot of thinking based on "innate knowledge" (read, a set of beliefs about something). But the problem is, in the majority of cases that leads to rash trading decisions resulting in the loss of money, and that is when you are still forced to act and react as quick as possible. It is this decision-making machinery that we are equipped with by default that ruins many a trader since it is simply inadequate for trading and it can't be easily changed or substituted (if ever)