The market is much more complex and requires special attention from traders than the things that you listed.
In order to effectively trade cryptocurrencies, it will be enough for you to have a platform that is safe and fast enough, VPN if your providers do not approve of such a platform,
as well as certain technical and psychological skills, including the skills of a trader. In any case, the tips you listed can also be used in special cases.
By the way, the link to your article leads to material that is different from the English language, which prevents perception.
Topic: 6 ways to help you not be emotionally dominated when trading cryptocurrencies (Read 618 times)
March 02, 2020, 04:55:24 PM
February 05, 2020, 05:38:38 PM
Hmm, Verasity sounds very familiar, but can you please provide more details on what exactly the guys are offering? And what are latest results?
Basically, VRA token is one of the most tradable on Binance DEX and on KuCoin. Moreover, Verasity has proved its value to publishers by dramatically increasing viewer engagement and video views on their site domains to 1.3M viewers. Of course, I recommend you to Google the guys as there are many great news around them
February 05, 2020, 05:21:17 PM
Well, the most important components for me are for sure the concept, the technology, innovations and practical value solutions brings. And working product is a strong plus, of course. Great example these days is Verasity. Guys are setting entirely new standards, also being listed and planned for Tier 1 exchange listings on most popular exchanges
Hmm, Verasity sounds very familiar, but can you please provide more details on what exactly the guys are offering? And what are latest results?
February 05, 2020, 05:19:11 PM
Evening! In general, I agree with your statement. But what do you mean by advanced solutions? How do you differentiate ones?
Well, the most important components for me are for sure the concept, the technology, innovations and practical value solutions brings. And working product is a strong plus, of course. Great example these days is Verasity. Guys are setting entirely new standards, also being listed and planned for Tier 1 exchange listings on most popular exchanges
February 05, 2020, 05:15:11 PM
Hello. To tell the truth, I am sure that much depends on the particular solution. And of course, advanced solutions will always keep being in demand
Evening! In general, I agree with your statement. But what do you mean by advanced solutions? How do you differentiate ones?
February 05, 2020, 05:12:54 PM
Hello. To tell the truth, I am sure that much depends on the particular solution. And of course, advanced solutions will always keep being in demand
February 05, 2020, 12:39:24 PM
After all of this, do not be worried if you do not do well with emotions neither, sure you should be mainly in control of your emotions, that is true, however if you are not, that is still fine as well. I do not mean in general, in general you should be, however there are some off times when you are just way too emotional about stuff and make mistakes end up losing money and it generally sucks at that moment, but what being emotionless requires is to keep emotions out after being emotional on a decision as well.
Say you saw something that interested you, instead of going into the mathematics of things you just went straight up and bought it right? Now that is horrible, and you end up losing money so that is even worse. But you should just forget about it and move on like nothing happened, that is the real deal right there.
Say you saw something that interested you, instead of going into the mathematics of things you just went straight up and bought it right? Now that is horrible, and you end up losing money so that is even worse. But you should just forget about it and move on like nothing happened, that is the real deal right there.
February 05, 2020, 12:23:49 AM
for me controlling emotions becomes a very important factor for traders.
if emotions can be controlled he will not panic when assets decline and sell it immediately.
on the contrary a trader must be patient when prices go up or down so he can get the maximum profit
if emotions can be controlled he will not panic when assets decline and sell it immediately.
on the contrary a trader must be patient when prices go up or down so he can get the maximum profit
February 04, 2020, 02:49:53 AM
In trading is either you end up with Bitcoin or USDT coin so where is the lose here? buy low and sell high, if you get USDT and bitcoin grows higher just wait, might take weeks but bitcoin will surely goes down, all most lack is patience
February 04, 2020, 02:36:30 AM
I do not think these six ways will help any trader to come out of their emotionally dominated situation. Because from my experience it will be possible only if we are having a good experience to get rid of emotions unless otherwise you are new to crypto trading and you are getting emotional very frequently than these methods will not help you at any cost. I'm not discouraging OP but I'm just talking about the fact what I have observed in my trading experience.
I have come across lots of tutorials and tips but nothing helped me to be a successful trader among many trading related issues and situations but my experience helped me how to get rid of them regardless of how good we are in analyzing the market directions.
I mean to say being good in analysis is a very big task but that alone will not help you to be a successful trader because you need to manage your emotions and capital along with your good technical analysis. These will be possible only when you groom along with your experience and continuous learning.
I have come across lots of tutorials and tips but nothing helped me to be a successful trader among many trading related issues and situations but my experience helped me how to get rid of them regardless of how good we are in analyzing the market directions.
I mean to say being good in analysis is a very big task but that alone will not help you to be a successful trader because you need to manage your emotions and capital along with your good technical analysis. These will be possible only when you groom along with your experience and continuous learning.
February 03, 2020, 11:13:03 PM
If you happened to be overly worried about trading and holding, then the chances are good that you're risking too much money. The best thing to do in this case is just to decrease the amount of money you have in the crypto markets and step back for a few days or weeks so that you can gather yourself a bit more and stop letting your emotions take the wheel. While it's extremely tempting to just dump money into crypto in hopes of scoring a big win, also realize there's also a ton of risk involved. A lot of the worst decisions I've ever made in trading were when I was under pressure as a result of being overinvested, and things massively improved for me once I realized this.
usually those who still can't control their emotions are traders who are new, they don't know too much about cryptocurrency price movements so they often make wrong decisions and make them lose.if it's like that I prefer to trade in coins that have limited supply and have very high development and demand and apply long-term trading because they prefer to trade with little risk and your emotions will be maintained because you don't need to always open a place of exchange, so you trade using money that is not too important.
February 03, 2020, 09:31:15 PM
If you happened to be overly worried about trading and holding, then the chances are good that you're risking too much money. The best thing to do in this case is just to decrease the amount of money you have in the crypto markets and step back for a few days or weeks so that you can gather yourself a bit more and stop letting your emotions take the wheel. While it's extremely tempting to just dump money into crypto in hopes of scoring a big win, also realize there's also a ton of risk involved. A lot of the worst decisions I've ever made in trading were when I was under pressure as a result of being overinvested, and things massively improved for me once I realized this.
February 03, 2020, 07:41:48 PM
On decision making you must impart doing big decisions that is mainly being influenced by your emotions because mostly wrong decisions are made out frustation that makes the decision impulsive. On trading you must not be emotional that because you are suffering that much is that you will trade your assets into a lower price just to somehow save yourself. Always remember that you are into a crypto community and part of it is experiencing down fall and not primarily stays on rise ups. Also, do not make important decisions driven by your emotions because you will just regret doing such after you see the results. On doing business, a good investor knows how to isolate his feelings from his job making him successful and the same thing applies on working with cryptocurrency.
January 02, 2020, 01:31:42 PM
You can easily make mistakes that can never be repaired when trading so it's better not to be greedy, it's good to sell when price is high and rebuy when price is low but know which coin you trade with
January 02, 2020, 01:25:29 PM
Controlling emotions in crypto trading, of course, must be owned by a trader to avoid losses and can control himself to decide when to make sales and purchases at the right time that might provide benefits. Of course everyone has a different character, and can do a variety of ways in trading, some are targeting profits every day by trading short-term and some are hoping to get a big profit so that the decisions they make into long-term investment
October 08, 2019, 02:57:42 AM
Isn't it all about psychology? If you do the same things with the others, in emotionaly meaning, you will be the mass who loses money.
It's not just about psychology but how to have a comprehensive understanding from the beginning and make good planning, stick to it and do not act recklessly.So, it is all about acting rationally and doing the opposite of the mass time to time. So, I value the hints that you have given for not acting pyschologically. I think we should let the bots to the trading and decrease the effects of human beings for trading.
Why doing the opposite? When the price drop, people will buy the dip, if you do the opposite, then it's sold at the dip?
If the price rises up, the mass will sell at the peak, but you buy at the peak? You will have the greatest loss all the time.
October 08, 2019, 02:44:51 AM
Trade with a plan only and know your limits.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
October 08, 2019, 02:24:33 AM
Emotion is always a part of each and every individual. Emotions can also do good... Why do I have to do this? For whom am I doing this? This questions also involve emotions. But what makes emotion bad when trading? It's because they cannot control their own emotions and it affects them negatively.
We cannit erase the fact that sometimes emotions are always there that's why we need to control them.
We cannit erase the fact that sometimes emotions are always there that's why we need to control them.
That's true. But we can prevent the bad emotion by having control for ourselves. It is not easy, but it could be possible to learn. If you think that emotion becomes bigger, I suggest you quit trading and shut down your computer, search for another thing that will distract your mind from trading. That will help you to release the stress in trading, and also you can think clearly when you back to the market. Once we lose control for ourselves, it will disturb the analysis we already made, and we cannot focus on searching the good time to buy or sell.
October 08, 2019, 02:10:04 AM
First, this should be in a trading discussion.
Second: The link you have provided is a website of vakaxa which aims in blockchain application developing. I am expecting some link where you get some tutorials and/or tips in trading. Where is the 6 ways in your topic?
Anyway,being a trader makes us feel mixed emotions. I may add up to always Set stop loss in every trade. This may save you up from big losses if unexpected sideways occur.
Second: The link you have provided is a website of vakaxa which aims in blockchain application developing. I am expecting some link where you get some tutorials and/or tips in trading. Where is the 6 ways in your topic?
Anyway,being a trader makes us feel mixed emotions. I may add up to always Set stop loss in every trade. This may save you up from big losses if unexpected sideways occur.
October 08, 2019, 01:52:58 AM
I was greatly helped by the input of this forum regarding trading tips for trading crycptocurrency. I use which
in my opinion it fits with the constraints that I experienced. I will discuss a little about the method or strategy
overcome emotions when trading cryptocurrency. First, don't choose too many coins in trading, later we will stress
manage it will make you emotional. Second, don't too fanatical about one coin, except bitcoin is not a problem.
The third, if it's already profit, immediately sell your coins. Please don't delay to get a big profit. The fourth, choose coins
with large volumes if you want playing short-term or daily trading. I already run all four strategies and it can achieve results
that is satisfying. Good luck to all of you.
Agreed mate, even though I wouldn't directly follow anyone's tradin my opinion it fits with the constraints that I experienced. I will discuss a little about the method or strategy
overcome emotions when trading cryptocurrency. First, don't choose too many coins in trading, later we will stress
manage it will make you emotional. Second, don't too fanatical about one coin, except bitcoin is not a problem.
The third, if it's already profit, immediately sell your coins. Please don't delay to get a big profit. The fourth, choose coins
with large volumes if you want playing short-term or daily trading. I already run all four strategies and it can achieve results
that is satisfying. Good luck to all of you.
Diversification is one important strategy one should be using and by that I mean not investing everything with cryptocurrency...spread your money with other investment vehicles available in the marketplace. These days, there are now many good platforms one can use anytime anywhere for this purpose.
Now, as to cryptocurrency, we should not allow emotions to be the prime force when selecting digital assets, in keeping them and in trading them. When it is time to let an asset go, it must be done as fast as possible as time can be an enemy if not tamed well. Holding on can be a good strategy but sometimes can also be a bad one depending on the asset one is getting into...in the world of cryptocurrency we know that volatility is one of its major feature and this can present a big problem from time to time and that is why it is good if you know a lot about a certain coin or token you are getting into especially if you are thinking about holding it on the long-term.
I understand that there is a bigger money that can be made while on trading rather than holding but at the same time more risks can be involved here and that is why we have to make sure that our emotions and preconceived notions are not getting in the way. As always, education is the key never stop learning new things and discovering new angles even with things you are already an expert of.
Jump to: