A trader's heart - page 2. | Bitcointalksearch.org

atetess

member

Activity: 305

Merit: 10

Quote from: herfie.chen on June 28, 2018, 11:20:42 AM

I am not a trader but I learned and tried to become a trader, try as it is felt as a trader and today I bought some coin when the market is falling and hope will make a profit.

Then, good for you. You are a trader and maybe by now you are already gain more profits and already improved more skills about trading. When you buy at a very dip price you will surely gain when the price increase.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Bitcoin_Makers on July 11, 2018, 01:48:00 PM

No, this is not the main reason why I joined the crypto currency. It seems to me that the crypto currency technology has a great future and it is necessary to buy it while we are given such an opportunity to buy at a low price.

It is not a "necessity" but it is gaining popularity in contrast with traditional monetary system. It may happen in a few decades that fiat is getting replaced by bitcoin or crypto in general. But then the technology behind bitcoin, the blockchain is getting acceptance in many fields of technology and finance. This is what is a bigger achievement for the crypto world.

Quote from: iagyei259 on July 11, 2018, 06:21:03 PM

A true trader is the one that follows his strategy when infront of the screen trading but not changes his mind as a result of panic because trade is going against him.

When you become a trader you will also know that getting emotional is what makes the trader weak both mentally and physically. Its more important to control the emotions.

iagyei259

jr. member

Activity: 150

Merit: 2

A true trader is the one that follows his strategy when infront of the screen trading but not changes his mind as a result of panic because trade is going against him.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: Hamstead on July 11, 2018, 02:36:48 PM

Being a crypto trader isn't just the same of being a trader in real world. We know how risk in here and listening our emotions might not be good in here cause it may only drives you of getting nothing from your trades. Yes, we all not a perfect individual burnt learn of controlling it will be a big help of our self especially in doing critical decisions.

Right.Once a trader should always have a strong heart and mind.Do not just be easily tempted with what your emotions is dictating because most of the time,it will only cause destruction and may lead to failure.Learn to trade for huge profits,so you will be motivated more to take on risks because it is only on doing risky things that you make big gains in the end.

Hamstead

sr. member

Activity: 805

Merit: 250

Being a crypto trader isn't just the same of being a trader in real world. We know how risk in here and listening our emotions might not be good in here cause it may only drives you of getting nothing from your trades. Yes, we all not a perfect individual burnt learn of controlling it will be a big help of our self especially in doing critical decisions.

BCSHonda

member

Activity: 392

Merit: 10

Quote from: mung_nasib on July 11, 2018, 08:49:12 AM

Yes when someone starts to plunge into the world of cryptocurrency to invest the main process is learning to understand the price movements of a coin because to price changes that are difficult to predict the trader must be ready to accept any form of risk either small or big later.However,when they are able to hold the asset most likely the maximum profit can also occur.

Many investors are involved in this market and fail quickly because they have no knowledge of cryptocurrency, blockchain technology and financial investments that they invest solely because someone introduces a return on investment. this market. That is bad because investors can not succeed without understanding it, invest seriously if you want to be more successful in cryptocurrency.

Bitcoin_Makers

newbie

Activity: 124

Merit: 0

No, this is not the main reason why I joined the crypto currency. It seems to me that the crypto currency technology has a great future and it is necessary to buy it while we are given such an opportunity to buy at a low price.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: orions.belt19 on July 11, 2018, 09:31:58 AM

This is why some people use bots or opt to automate their trades — it is to avoid allowing their emotions from affecting their trading. Many times, people have been victims of their emotions or FOMO because this has led them to make bad decisions such as exiting at a loss. Others avoid viewing the price charts every now and then because it only stresses them out.

I do agree that bots allow you to have the trading be done for you without your emotions being an obstacle, but the problem with bots that people can buy or rent licenses from, are programmed to do what the programmer wants them to do. If you have enough people running these bots on certain exchanges, it will pretty easily allow the issuer of these bots to obtain a massive economical advantage since they exactly know how these bots react in various scenarios.

It's something not many people think about, but it's a major flaw that might end up costing you dearly in the end. It would be more of a surprise to find out that these bots aren't being exploited by the issuer, than them being exploited.

orions.belt19

full member

Activity: 686

Merit: 146

Quote from: el kaka22 on July 11, 2018, 09:21:48 AM

Quote from: Rahar02 on July 06, 2018, 02:03:21 PM

Quote from: richardsNY on July 06, 2018, 01:26:05 PM

Last year everyone was confident in calling the top, and every time they were proven wrong. In the same way people calling bottoms are proven wrong time on time again. The thing with people is that they are constantly trying to act all smart about this or that pump or dump, but it's always after the event took place, and never before. Wink

One thing I've learned about crypto- especially bitcoin, even though it's a big market and millions of people involved, there are some people who have the power to drive the market by co-operating with other traders, some whales buy and sell bitcoin at one point to get profit which occasionally can influence people to panic buy or panic sell that cause snowball effect, then media and people who claim themselves expert in crypto will speculate and give the reason why this is happening, yes after the event took place. as for others who have stated bitcoin will reach $50K-$60K, they just waiting for it to happen and say; I have said so Cheesy

because the potential of bitcoin.

As far as I am concerned, every trader’s heart should be like a stone or a robot. Do not think, just act based on what you know and not what you feel it should be like. Once you have a strategy in play, robots don't think, they execute that strategy irrespective, whether you are stopping loss or you are entering a market as well as exiting the market.

The market is highly volatile and the best way to play this volatility is to always make quick decisions to get the best from it, and those decisions cannot be made with emotions.

This is why some people use bots or opt to automate their trades — it is to avoid allowing their emotions from affecting their trading. Many times, people have been victims of their emotions or FOMO because this has led them to make bad decisions such as exiting at a loss. Others avoid viewing the price charts every now and then because it only stresses them out. With the kind of market fro cryptocurrency, one should have a heart that would allow them to make the best decisions according to their financial interest.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: Rahar02 on July 06, 2018, 02:03:21 PM

Quote from: richardsNY on July 06, 2018, 01:26:05 PM

Last year everyone was confident in calling the top, and every time they were proven wrong. In the same way people calling bottoms are proven wrong time on time again. The thing with people is that they are constantly trying to act all smart about this or that pump or dump, but it's always after the event took place, and never before. Wink

One thing I've learned about crypto- especially bitcoin, even though it's a big market and millions of people involved, there are some people who have the power to drive the market by co-operating with other traders, some whales buy and sell bitcoin at one point to get profit which occasionally can influence people to panic buy or panic sell that cause snowball effect, then media and people who claim themselves expert in crypto will speculate and give the reason why this is happening, yes after the event took place. as for others who have stated bitcoin will reach $50K-$60K, they just waiting for it to happen and say; I have said so Cheesy

because the potential of bitcoin.

As far as I am concerned, every trader’s heart should be like a stone or a robot. Do not think, just act based on what you know and not what you feel it should be like. Once you have a strategy in play, robots don't think, they execute that strategy irrespective, whether you are stopping loss or you are entering a market as well as exiting the market.

The market is highly volatile and the best way to play this volatility is to always make quick decisions to get the best from it, and those decisions cannot be made with emotions.

mung_nasib

full member

Activity: 602

Merit: 100

DeFixy.com - The future of Decentralization

Yes when someone starts to plunge into the world of cryptocurrency to invest the main process is learning to understand the price movements of a coin because to price changes that are difficult to predict the trader must be ready to accept any form of risk either small or big later.However,when they are able to hold the asset most likely the maximum profit can also occur.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: Dudeperfect on July 10, 2018, 03:42:29 AM

Any trade decision based on emotions might not give the expected returns but trade decision based on research, maths will have the highest probability of giving expected returns. Unfortunately, most of the newbies take decisions based on emotions are the decision of others. On the other hand, experienced investors take their investment decisions based on their experience so in order to make decisions one must be able to introspect and rectify his trading strategies and it is not always possible in emotional trading and hence it is never recommended.

Emotions and hype. I can see that a lot in telegram groups now since I have been busy using that application for work purposes.
Reading their comments it is like they are basing on how much people are voting one crypto and then they will go with the flow.
Sad but true.
Real ICO projects with product are being left aside. I have the rule to myself to not care because that is their money they are risking. But if this keeps going on then more legitimate project will just close down cause investors and traders who have money are busy going with the hype.

princebridge7

newbie

Activity: 177

Merit: 0

the heart of a merchant is stronger than the heart of the person working in the office or being a worker in the factory.
because every coin bought and then the coin down then inevitably must be chest and wait for the coin to rise or stoploss to buy back at the price below.
a trader must be tough, strong and wise.

miyaka26

full member

Activity: 476

Merit: 105

Quote from: anhchangdeptrai13 on June 28, 2018, 08:42:43 AM

Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Self-control and mind conditioning are always necessary before you plan to trade especially to the crypto market where anything can happen most likely if greediness strikes your trading play knowledge and experience was necessary but that is not always enough to lessen your capital loses, the risk is a much better term for that and that is the part of cryptocurrency.

felicity06

jr. member

Activity: 251

Merit: 3

Globe-dex.com

Quote from: anhchangdeptrai13 on June 28, 2018, 08:42:43 AM

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Yes trading is a little bit gambling also because in trading we take a risk too much and we are hoping that soon we will get profit... We are risking everything in trading... As a trader the thing we should need to do is to maintain our emotions always... If you get panic easily you will never be a successful trader...

maldini

sr. member

Activity: 952

Merit: 308

I think that's a natural thing for some traders, how not, they trade for the purpose of making a profit and when they get a profit they always want more and that's what I think is natural.
as a trader I usually manage emotions when trading so that when we lose we still have a chance to earn profits on another day.

rexxarofmoknathal

sr. member

Activity: 980

Merit: 260

A trader's heart must not get in the way of trading. For safety measures, its best to do the research before taking a hasty decision which may be regrettable in the future.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Any trade decision based on emotions might not give the expected returns but trade decision based on research, maths will have the highest probability of giving expected returns. Unfortunately, most of the newbies take decisions based on emotions are the decision of others. On the other hand, experienced investors take their investment decisions based on their experience so in order to make decisions one must be able to introspect and rectify his trading strategies and it is not always possible in emotional trading and hence it is never recommended.

Haoque89

newbie

Activity: 112

Merit: 0

Any job or field that needs such sincere heart to succeed you can have a heart of loyalty as well as positive in the job you will receive success as well as you will have the opportunity to promote money in the work

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: Thanasis on July 02, 2018, 08:05:17 AM

Quote from: anhchangdeptrai13 on June 28, 2018, 08:42:43 AM

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

In trading we can't maintain a perfect strategy it will change according to the market condition.yes it is like gambling but not completely here we need to have skills as well to become successful.And then don't be too greedy accept that what you made from your investment and look further for the future trades.

This is so important for every trader to make its strategy flexible. Many times we don’t know the coming prices and plans of bitcoin. Although you have covered every possible left right with good risk management but still things are laws doubtful for you. So better is to work and construct a strategy that can be flexible and move accordingly. Things can divert from designated path.

Topic: A trader's heart - page 2. (Read 599 times)