Topic: A thing worst than "don't trade with your emotion" a trader should avoid (Read 743 times)
March 13, 2022, 12:41:39 PM
As a human being we all have emotions. However, when it comes to trading in markets, it pays to keep away from them and adopt disciplined approach.When it comes to trading it is important to control your emotions. Dont try to chase the trades and dont make trading without proper analysis. Learn how to manage your risk. Success is based on your actions and those actions got consequences. Its either good or bad, its up to you. Dont let your emotions ruin everything.
March 13, 2022, 12:16:32 PM
What might hurt me more is "fear of missing out" - when your friends talk about how much they made from a specific coin last week and you just buy it before it's not too late, without analysing anything. You buy it on its peak price and then suffer some losses.
Would that be peer pressure, then? I think it is most likely would also fall under the trading with the influence of emotions. And I believe that it is really one of the factors why most traders push harder way past their ways because they would want to cover or reach all those missed times an d opportunities. But this should not be done because it would hurt more than it could give gains if your tiding journey.
March 12, 2022, 05:59:30 PM
Like it is said that experience is the best teacher be it good or bad, not all advice from traders on YouTube are good ones to take for trading, some may not favourable that may lead one to a bad end. As a trader the experiences we get everyday should a lesson to learn from on how to go about trading. Most traders on YouTube give sweet stories on YouTube to generate money from users who are viewing their videos. It is important to only pick up the good content from trading videos on YouTube.
^ That is definitely right, experience is the best teacher and this line I have always advised those new traders who seek advice. Whether it was a loss or a win, just treasure your experience and try not to do it again your mistakes in the future, this will lead you to successful traders even though we know that the market price was unpredictable but at least, at the behavior of the market we are aware. Tutorial is sometimes good that you can gather idea but don't apply them all, just stick on your plan and you should always have a trading plan.
Learning would really be able to get on actual experience and this is been the key and of course emotional aspects is really a big factor which would affect your overall performance or outcome.
This is why you should need to have that good self control towards emotions because this would really be a big factor and needing to be controlled.
March 12, 2022, 05:58:40 PM
^ That is definitely right, experience is the best teacher and this line I have always advised those new traders who seek advice.
Indeed, learning from experience is very worthy enough for better improvement. Experiences may come from our own and also from other people's experiences. As long as we can take the lessons from the experiences, we can repair and evaluate the mistakes, and we can make such certain improvements from the experiences, it will be very worthy. On the contrary, if we cannot take any lesson from the experience and think negatively about the experience, it means nothing for somebody. Moreover, in trading, it may not be easy enough to take any lesson from experiences sometimes, moreover if the people are trading with emotion and also a super greedy expectation March 12, 2022, 05:32:49 PM
Like it is said that experience is the best teacher be it good or bad, not all advice from traders on YouTube are good ones to take for trading, some may not favourable that may lead one to a bad end. As a trader the experiences we get everyday should a lesson to learn from on how to go about trading. Most traders on YouTube give sweet stories on YouTube to generate money from users who are viewing their videos. It is important to only pick up the good content from trading videos on YouTube.
^ That is definitely right, experience is the best teacher and this line I have always advised those new traders who seek advice. Whether it was a loss or a win, just treasure your experience and try not to do it again your mistakes in the future, this will lead you to successful traders even though we know that the market price was unpredictable but at least, at the behavior of the market we are aware. Tutorial is sometimes good that you can gather idea but don't apply them all, just stick on your plan and you should always have a trading plan.
March 12, 2022, 05:01:50 PM
Like it is said that experience is the best teacher be it good or bad, not all advice from traders on YouTube are good ones to take for trading, some may not favourable that may lead one to a bad end. As a trader the experiences we get everyday should a lesson to learn from on how to go about trading. Most traders on YouTube give sweet stories on YouTube to generate money from users who are viewing their videos. It is important to only pick up the good content from trading videos on YouTube.
Experience is definitely the better teacher. I have studied not only what other people said, or what I read, but at the same time I studied how the bots worked as well. Indicators are fine and dandy until it looks like it is not going to be making you any money.This is why I studied the methods where all the trading bots are and how they trade and how they make money as well. None of that worked as well as experience. The more I traded, the more I profited, I started out with making constant losses (literally find coins that will drop and buy them right before they went down) to a level where even though I make mistakes nowadays, the overall is profitable.
March 12, 2022, 07:46:50 AM
Like it is said that experience is the best teacher be it good or bad, not all advice from traders on YouTube are good ones to take for trading, some may not favourable that may lead one to a bad end. As a trader the experiences we get everyday should a lesson to learn from on how to go about trading. Most traders on YouTube give sweet stories on YouTube to generate money from users who are viewing their videos. It is important to only pick up the good content from trading videos on YouTube.
legendary
Activity: 2828
Merit: 1213
Call your grandparents and tell them you love them
March 12, 2022, 05:48:33 AM
Other than that, they are just shilling and wanted people to believe that investing into that specific coin will give them good short term profit. That's what most of the greedy people wants the too good to be true short term profit.
Point is that there is a market for such content. People dont want to wait for a few years after buying a chunk of bitcoin to see 100x gains. Rather they want 10000x gains from buying some shitcoins and that too with a capital of dust amount.With that mentality of get-rich-quick-with-zero-investment, there has been an influx of many influencers trying to market a number of altcoin "picks" and some dudes in suits selling books on how to get rich without doing anything.
End product is a youth generation who do not want to work hard and sincerely to earn money. We all agree on one part, you need to work on your skills in daily life to be work-worthy and in trading to be profitable. But that is lacking today.
The one people profiting from this are the ones producing such content, however they sugar-coat it.
March 11, 2022, 08:23:26 AM
Internet is actually 99% scam and 1% genuine. Today’s era is all about the clicks and views and getting paid for the same. So what YouTubers and ad publishers started doing? They started to run the game with whatever crap they can get their hands on and make it viral.
The only good thing about these YouTubers and social media influencers tackling about cryptocurrency is it can benefit Bitcoin and alts for more adaption.
Other than that, they are just shilling and wanted people to believe that investing into that specific coin will give them good short term profit. That's what most of the greedy people wants the too good to be true short term profit.
March 11, 2022, 07:32:13 AM
Internet is actually 99% scam and 1% genuine. Today’s era is all about the clicks and views and getting paid for the same. So what YouTubers and ad publishers started doing? They started to run the game with whatever crap they can get their hands on and make it viral.
The crypto is getting tangled up very badly in the social influencers. It’s most searched key words. To become more famous than other similar channel they will simply put up anything that people wants hear and believe in. For example few obvious trade coins.
The crypto is getting tangled up very badly in the social influencers. It’s most searched key words. To become more famous than other similar channel they will simply put up anything that people wants hear and believe in. For example few obvious trade coins.
March 10, 2022, 08:59:27 AM
-snip-
I liked what you said that “…as you do gain up experience then you would really be finding out yourself on becoming more better.” The time, going through challenges and encountering different life experiences, will surely shape an individual. And this will be the foundation of learning oneself, and learning on how to become a better version of oneself. So, traders could be better than they were yesterday through transforming such experiences into inputs in doing greater actions.
March 09, 2022, 06:45:03 PM
What might hurt me more is "fear of missing out" - when your friends talk about how much they made from a specific coin last week and you just buy it before it's not too late, without analysing anything. You buy it on its peak price and then suffer some losses.
Would that be peer pressure, then? I think it is most likely would also fall under the trading with the influence of emotions. And I believe that it is really one of the factors why most traders push harder way past their ways because they would want to cover or reach all those missed times an d opportunities. But this should not be done because it would hurt more than it could give gains if your tiding journey.
It does really differ on an individual on how they would really handle out theirselves on certain conditions which there are indeed things which are needed to be avoided.
As you do gain up experience then you would really be finding out yourself on becoming more better.
March 09, 2022, 10:28:10 AM
What might hurt me more is "fear of missing out" - when your friends talk about how much they made from a specific coin last week and you just buy it before it's not too late, without analysing anything. You buy it on its peak price and then suffer some losses.
Would that be peer pressure, then? I think it is most likely would also fall under the trading with the influence of emotions. And I believe that it is really one of the factors why most traders push harder way past their ways because they would want to cover or reach all those missed times an d opportunities. But this should not be done because it would hurt more than it could give gains if your tiding journey.
March 09, 2022, 10:14:10 AM
As a crypto newbie myself I can say that some of these thumbnails or some of the content (see MMCrpyto) just look like scams to me, I would never think that it's a credible info source.
What might hurt me more is "fear of missing out" - when your friends talk about how much they made from a specific coin last week and you just buy it before it's not too late, without analysing anything. You buy it on its peak price and then suffer some losses.
What might hurt me more is "fear of missing out" - when your friends talk about how much they made from a specific coin last week and you just buy it before it's not too late, without analysing anything. You buy it on its peak price and then suffer some losses.
legendary
Activity: 2828
Merit: 1213
Call your grandparents and tell them you love them
March 09, 2022, 09:37:04 AM
Trade with emotions was the first things, you need to skip it. If you do trade with emotions, surely you will lose the money more than a expected.
Most newbies end up doing that. We should make sure to start making people aware about this when introducing them to trading in these highly volatile assets. Those who are veterans know this and those who could not control their emotions have already been washed out during trading.This should be clearly understood, youtube videos does not indicate any trend and neither does it do any analysis of trends. They are full of clickbaits and most newbies end up get tangled in them rather than get any fruitful information regarding how to trade and when to trade.
Therefore, newbies should avoid youtube as much as possible and keep observing charts before putting money in the market. Once you get a hang of the market movements, one will not need any "youtube shills" to give them picks.
March 08, 2022, 04:12:45 PM
Shillings and hype are good sometimes, they might have their influence on bitcoin/Altcoins growth but I think it's not good to follow their steps because they say it will 100x, they are overdoing it and it doesn't help traders.
Be focused on your own findings and make a clear decision on your trades.
I do watch YouTube videos to learn, but it isn’t videos like this. I think these are analysis and hyping videos that are kind of telling people coins to buy, and you know for sure that there is the possibility that some of them can be paid to mislead people into buying a coin that will flop later. So these kind of videos are not worth watching. Be focused on your own findings and make a clear decision on your trades.
When I watch YouTube videos I only watch the videos that teaches how to trade or how to do things that I don’t know, I don’t have time to be watching hype videos, anyone watching them would be wasting his or her time, because you’re not gaining anything by watching them.
March 08, 2022, 03:18:22 PM
As a trader one key areas of your trading life you need work on is the aspect of emotional control, you might get all your analysis right and without having to control your emotion you might even close a wining trade or a trade that is just doing a pull back without having to wait for your stop lose get hit.
When you do have that kind of impulsive kind of behavior when it comes into your emotion then you would really be ending up on having this kind of mistake on which you would really be missing out lots of opportunities on making profits and this is why its important that you should really be mindful abotu your actions because if not then you would definitely be regretting later on.
Emotion handling is one of the most important factor on being successful on this venture or career because its one of the things needed.
March 08, 2022, 01:00:19 PM
As a trader one key areas of your trading life you need work on is the aspect of emotional control, you might get all your analysis right and without having to control your emotion you might even close a wining trade or a trade that is just doing a pull back without having to wait for your stop lose get hit.
It’s important to make sure that we are doing everything. You have to identify the areas you think you’re making a mistake based on the experiences you have had and you start to correct yourself. Not trading with emotion is a good one, but you also don’t need to let yourself be deceived by people who don’t know what they are doing.You should do your best to avoid wrong information that can mislead you, especially all these Youtubers that are always passing the wrong information. These YouTubers, their main is to do anything to get higher views, because that counts in making money for them.
March 08, 2022, 05:09:36 AM
As a trader one key areas of your trading life you need work on is the aspect of emotional control, you might get all your analysis right and without having to control your emotion you might even close a wining trade or a trade that is just doing a pull back without having to wait for your stop lose get hit.
It’s important to make sure that we are doing everything. You have to identify the areas you think you’re making a mistake based on the experiences you have had and you start to correct yourself. Not trading with emotion is a good one, but you also don’t need to let yourself be deceived by people who don’t know what they are doing.You should do your best to avoid wrong information that can mislead you, especially all these Youtubers that are always passing the wrong information. These YouTubers, their main is to do anything to get higher views, because that counts in making money for them.
March 07, 2022, 06:08:20 PM
As a trader one key areas of your trading life you need work on is the aspect of emotional control, you might get all your analysis right and without having to control your emotion you might even close a wining trade or a trade that is just doing a pull back without having to wait for your stop lose get hit.
Jump to: