Topic: 10 tips to manage one's emotions while trading crypto. - page 4. (Read 786 times)

that's because traders panic when they see the news in the media or trading plans don't go as expected, therefore traders tend to get out early even if it's a small loss or profit.
but such situations are normal, especially for those who are inexperienced in trading and not very good at planning their trades. after some understanding and experience, I think all will be better.

The reasons why they exit early on their entries are emotions and lack of knowledge because if you just see it as a retracement, then there is no reason why you exit, which is because you are just scared to lose the small profit or your strategy is not working. But again, emotions really take place in every aspect of trading, which is why the way you build your strategy also goes to your emotions.

You are right and in the first place, I wonder what the trader comes to do in the market if can't hold emotions when there is a price retracement. Some do exit early even where there is a clear sign that the market is in their favor such as in a market that trends in corrective moves.
Two things must happen when it comes to trading either you win or lose it.

A lot of traders particularly, newer traderrs often underrate the impact that having strong emotional control and balance does to theie trading career. I know everyone wants to have the cleanest charts with the finest lines drawn but that's not always the case. I've talked to some of the best traders I know and they all implied the same thing and that's the fact that a majority of their trading success can traced back to their mastery of trading psychology. You can have the best analysis among peers and in the market but have a terrible execution due to poor trading psychology. Some traders even so little to no technical analysis but end up winning majority of their trades.

For instance: For someone who becomes really frightened when price takes a slight turn in the opposite direction and take off their trade,  often miss out when price makes a U-turn in their original direction.

I doubt that you will be able to follow these 10 points unconditionally, which are certainly correct. And there is one explanation for this, you are a human being, not an insensitive robot, and from time to time events will occur around you that you will have to react to. Perhaps the right decision at such a time would be to suspend trading so that these events could not negatively affect it.

Losing millions may not totally affect him because he knows that he’s earning more than that but for regular traders, they will always be emotional whenever they commit even small losses. That’s the reason why emotions are the best enemy in trading, and by simply following your emotions, trading on the other hand will always lead into failure. The reason why we should never tolerate our emotions when we are on the middle of trading.

I believe that emotion is part of trading to a large extent because it is even the emotion that triggers you to make a trade order in the first place, so someone can not trade without a kind of emotion. It is also that emotion that triggers a trader to exit but the challenge there is on newbie who can't control it, they fly in at everything that looks like a good trading position without doing proper check like comparing different timing and indicators for confirmation. So there emotion isn't stable or balanced because they don't have proper understanding towards the spikes that try to push them inside the market. Emotion is important but needs to be stable.

Thank you for bringing up this matter. Emotion control should be the first priority while learning to trade. This is so important that you need to get a hold of it before anything else. Having control over yourself will ensure the best outcome when learning to trade. After you master emotion control, you can be the best. Because when emotion is taking over your decision, you will make mistakes. You need to be like a robot. Apply the formula and just follow the result. And act according to it. Emotions will affect every analysis if you don't have control over it. So you will face errors and losses.

It was a really helpful post. Hopefully, there are people who will get help from this. And we can do it by just practicing. Once it becomes a habit, you will have control over your emotions for sure. It is important to take it slow. Try and you might fail. Then try again. You are losing too much? Try little amounts to learn first.

The biggest one; why do you even have them? Thats the biggest one, consider why you are having them as the root problem and you will do a lot better. People approach like it's so normal to have high feelings when you are trading but the reality is that you shouldn't have them to begin with and if you are having them then you are making a mistake to begin with.

Try to go down to the reason why making trades causes you to have high emotional periods and then try to solve those in order to trade with no emotions in the future, that would be a lot better. I believe that it's going to end up with something much better and that way you will be making a lot of profits as well. That's just my thought at least, would be different if you ask someone else.

Will venting on the second account be a solution to stop the emotion?
it is not a way that can free you from unstable trading emotions. Better start learning to control emotions rather than just throwing emotions on the second trading account which in the end will not affect anything. We really have to have some control over our emotions. expressing these emotions is indeed a good way, but not for the long term. There will be a stage where you have to overcome everything without any rebound.

Anger is still a kind of emotion. All of us can experience it but we should snap out of it immediately because if not, it will greatly affect the most important things that we are doing in our lives. Too much is always not great anymore but everything must only be at minimal levels including our emotional feelings. It's even better to become like a robot and have no emotions at all when trading. Instincts should not be our sole thing when deciding but it must be doing analysis.

There must be a tool to check our condition, not just physically or emotionally but also mentally. Other things that we do or our lifestyle can contribute to what we are going to feel, so it's better to start your fix here.

They don't mean to make a bad decision but they can still try and change it. Hopefully, the next move is going to be correct. If it isn't, there must be something wrong and they should identify what it is, to get out of a bad loop as soon as possible. Not all altcoins are bad so it is still fine to marry some of them. When you say see them as investment, we immediately think you are holding them for the long term.

I think you better say that we should only trade the risky altcoins so that we can switch again on the other, if we are on to those trendy altcoins as they don't last long. Many of us know that Bitcoin is the best but sometimes we can help but to check out other cryptos. It's also our way to diversify.

Acting out of rage destroys everything you touch. Anger causes you to make decisions that can result in irreversible losses when trading. Instead of being enraged, take a deep breath and relax to figure out what to do next. Working with rage can also lead to the utter devastation of one's life in rare situations if caution is not exercised.


Some traders may also hang onto a position if they see a green light and begin to benefit from it; they don't mind how small those earnings are as long as it's a profitable trade. Some don't endure long and can cause major setbacks if you're not attentive about when they'll break out.


This is not limited to bitcoin traders; business people do it all the time to keep track of their profits and losses. Bitcoin trading, which involves a lot of emotion, cannot be controlled by counting your profits and losses; it will easily break you down or cause you to lose focus at trading due to the exhilaration or setback you will experience depending on the outcome of the trade.


Greed is a poisonous thing that can destroy everything you've worked for in the blink of an eye. Day traders, as well as long-term investors, are frequently trapped by greed when their investments begin to rise in value. When your total investment exceeds the funds employed for the investments, it is safe to leave the market to avoid irreversible loss.

That's right guys. Thanks for the tips. For now I will start implementing the strategy as you describe. Such as installing a stop loss and installing Takeprofit from the start. But yeah I sometimes get tempted by coins that are having high hype and I'm usually too greedy so I don't open take profits because I expect a higher upside. But recently I found a way not to get lost and so we can secure the profits we have. that is when the price continues to rise. Instead of me placing a take profit, I prefer to place a Stoploss+, namely a stop loss in an area where each is actually profitable. And maybe what you mean is also like that.

Emotional is indeed human nature, this will greatly affect our trading. to vent it, we really have to have an account which can be used as our emotional outlet, that way the main account will run according to the framework that was actually planned. The scary nature of monsters like that exists in humans, and will subside after being overflowed, therefore after being emotional we will be stable again, it's different with those who are already pros, maybe they can fully manage their emotions

Sometimes, emotional instability is also caused by very high expectations. Especially in Bitcoin investment, many people only see other people's success from investing and in the end they hope to be like that too. but in fact, investing is not as smooth and smooth as that, especially investing in Bitcoin which incidentally is also risky. There are times when the Bitcoin market drops suddenly, and if expectations are too high but you suddenly see the market drop, without having other balanced and good emotional management, then this is enough to create panic and eventually cut loss, which will have a negative impact on their mindset regarding investing in Bitcoin.

because of that, it is true that emotional management is very important in investing in Bitcoin or in other fields. because this is one of the keys to maintaining how our investment plans are too.

When you become a professional traders these rules of checking mating your emotions becomes second nature just as you would look left and right before crossing the road. The most crucial thing I have learned from trading is that good traders are good writers. The ability to be able to articulate their feelings and emotions down is one of they ways they let out frustration or celebrate success of a trade. Some also take to YouTube or TikTok, or podcasting to release their emotions and it helps the become better each passing day.

Easy to say on having that cool mind but when you are on the actual situation or field then applying out this kind of behavior is never been that simple but rather it would be that opposite.Not all would really be having on the same kind of controlling their emotions and their mindsets when it comes on the time that they would be facing up such condition.Some might be able to stay cool  
but most of us would really be that impulsive on such scenario which i could say that it is really that normal since we are just that humans.

Emotions is one the most common problem that you would really be needing to control nor get rid on the time that you would really be dealing up with unpredictable market just like this on crypto.
If you do find yourself that too impulsive or highly reactive specially on losing situation then you would really be having a hard time on making out some realizations on which it would be
mainly needed up for you to realize on whats wrong or what did really actually happen.

The first point is very much instructive. A trader doesn't need anger or bitter heart because it is a cool mind that is able to rightly judge the market or analyse it. Market involves losses and profit so whichever one that come should be taken with good faith and if you lose, you don't need to begin to  put out trade orders to chase back your money. Doing this may result to further losses because you are not going to give the best analysis to the market. You can allow the time and moment to cool off before taking another decision.

There are some factors that add in the emotions way more than if those factors would have been absent.

These include - along with the solutions:
1. Taking a loan to trade - So make a rule to never trade on loaned money
2. Allocating more than what you can afford to lose - allocate in a better manner
3. Using a non-spot mode of trading - Stick to Spot
4. Having monthly payments pending - Clear them with fiat earned
5. Day trading>Holding - difficult but depends on your approach.

I think these can be eliminated if you are careful enough and having a control over these allows you to control your emotions better. The tips will work out but preventing the emotions from building up is another aspect to this.