A trader's heart - page 5. | Bitcointalksearch.org

Kemarit

legendary

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Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 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?

There's a thin line between trading and gambling. In trading you really need to focus and should not let that simple slip, otherwise you will really suffer the consequences. So you need a lot of discipline and mental toughness and not to be too greedy, otherwise you will fall in the gambling mindset and the last thing you know, you have lost everything including your capital. I know its really hard to control our emotions here, but if you can't then I guess you should really go on gambling and try your luck there.

Cling18

full member

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Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 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?

I agree with you. Trading is really full of challenges and as we go through a lot here, we learn something and from our learning experience, we would be able to do better on our next experiences in trading. Trading is risky but if we're really willing to face all the risk, we could gain better.

pragna

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Activity: 1582

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Yes yes. A traders heart must be always strong because trading is like a gambling. When a gambler play a game he must have to cunning into play and be patience at the last moment of that game. As well as a trader must have to be like a gambler. Be technical and never loose your heart. Someone may misguide you but you have to strong with your own mentality. When BTC price fall from $1900 to $6500 many are selling their btc/tokens as it will abolish recently. But i think those who hold their btc or coins very recently they will be big gainer.

NicoRosberg

newbie

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Thanks for sharing

naidray

legendary

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Quote from: Wyne on July 02, 2018, 09:57:37 AM

Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 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?

You are right! Trading is like a gambling. This is because you will never know what will be the end of your trade but its worth all the risk once you start earning. Lossing might destroy trader's heart but when you learn to deal with it, it will not gonna stop you to engage once again on it. I start joining trading because when every crypto are red, the best way to earn is through trading. Yes, it is risky but risk is part of the whole picture in trading.

I understand pretty well a lot of people considering trading as gambling, and no one is far from the truth anyway. Gambling in the literal term is predicting an outcome of something in the future and expecting it to go in your favor. That is simply a good definition of what trading sounds like.

The good thing with trading is you can make use of some tools to your favor and see how you can use that to get a good grasp of the market to your advantage and in that way, the gambling risk is limited and you get to hit the professional level in that case.

cydrix

full member

Activity: 602

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You should know not every trader has the same kind of thinking and mind. What varies for winners and losers in tradings are the attitude and patience. If you have the attitude to take care of great responsibilities you should've profited with ease or lose at ease or with low cost loss.

margert

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Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 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?

I think that at this time we should only trade short term and should close trading day, the market is constantly fluctuating and unpredictable, bitcoin prices are constantly adjusting so you must be very careful when dealing.

I found that when trading you always have to observe bitcoin prices and always have specific measures to be able to handle bitcoin gas sharply.

gantez

full member

Activity: 1736

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Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 AM

But have you ever forgot yourself?

Funny and yes, sometimes. This reminds me of my learning days, I did make certain mistakes and forgot my stop loss even when I have learnt to use them. That is why learning everything you have learnt is important.

wuvdoll

legendary

Activity: 1442

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Quote from: Thanasis on July 02, 2018, 09:05:17 AM

Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 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.

Not at all. As a trader, you must always be ready to make use of different strategies to consider the possibility of a market movement and be able to use that to your advantage. You have to always be smart to adapt quickly to a market at any point in time which is what makes a professional trader different from a newbie trader.

It is a lot of risk, but with great knowledge, trading is always a worthy one against taking risks since you will be making a lot from it. But this does not mean we may go blind with trading which may bring heart attacks. With knowledge means, we must do it in a systemic way in more particularly in a systematic plans.

dev9t9ok

newbie

Activity: 154

Merit: 0

One of the the toughest thing of being a trader is patience and emotional control because it is really very difficult to be patient when trading on market. It happens especially brightly when a trader make excellent decision but market goes in the other direction and less traders can acknowledge their mistake and close their position. Much more traders feel themselves captive and cannot cut losses immediately.

domasal

newbie

Activity: 101

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A successful trader will use his head rather than his heart. It's easy to get emotional when doing trades and it will usually lead to mistakes. Always stay focused to minimise your losses

mey466

full member

Activity: 368

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indeed this high risk in the name of hard work all the risk of defeat must be everyone has experienced it struggling with their own way and away from adverse sales better wait until profit comes

carlfebz2

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DGbet.fun - Crypto Sportsbook

Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 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?

There would be always a time on these kind of mindset or emotion do comeout. When we are not already following up our own traditional disciplined trading style when we do see some opportunity it cant be avoided to put up on our minds on increasing the stake or the risk you would put in and this would be like sort of gambling. It isnt bad if it would have still some basis as long you do know the consequences then i dont see anything wrong about it but if you do risk up without any basis then you are basically doing such thing.

tanjilrifat

newbie

Activity: 154

Merit: 0

If people are trying to get more of the token that you are trading then you tend to HODL for a bit just to see where it could go.This will lead you towards a better analysis of the trend that is circulating the trading space.

Reid

hero member

Activity: 2912

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Right.
It happens even with the most disciplined person.
There are a lot to consider on why you could start risking more.
One is the hype. If people are trying to get more of the token that you are trading then you tend to HODL for a bit just to see where it could go. Will it be on demand and take a leap of price. The risk there is the after HODL. You tend to get attached to the project of the token and once again wait for another hype to come bringing more demand.

Hard to control that kind of emotion.

Potatohead

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Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 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?

As a trader, I always make sure that I'm always in the right track and that I am always doing the right things right. I know that trading is like a wild guess and that through it, we would be able to have a good gainm having the passion for what we are doing is an advabtage for we would be able to value our earnings.

Crypto_Spike_Factor

newbie

Activity: 125

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As a trader, it is vital to calculate risk. By doing so. You will be able to hinder losses in the market. This will lead you towards a better analysis of the trend that is circulating the trading space. Also, look into deep in every aspect of the pie so that you can contribute to the profits of your own investment. Not to mention, control your emotion as it is an important aspect to be a great trader.

bluemoon84

newbie

Activity: 42

Merit: 0

As a trader you should always consider all possibilities and be ready to take the risks of downfalls.You gotta have that positive mindset and dont let emotions drive you.Me myself am not a risk taker, the lesser the risk the better the entry.
***Also, study the other types of market analysis.

Ryker1

sr. member

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Eloncoin.org - Mars, here we come!

Quote from: Indrawan77 on July 02, 2018, 09:03:05 AM

Yeah when you are in the process of learning there will be alot of temptations to make more profit and ignore all the technical analysis, and sometimes you underestimate the unpredictable market so not putting any stop loss, I think all of that is a common thing, most of the traders ever make that mistakes, learning from mistake is the best way to become a better trader

I agree, a lot of traders experienced it too, especially the new ones. When we started learning crypto, temptations come, it's inevitable, especially if you're blinded by thinking that you'll always get a profit in crypto, or you'll always earn a lot. You'll raise the money that you invest and trade it, you'll get blinded and you'll ignore the methods that you used when you started learning. I agree that it is a common thing, you'll learn and get tempted, you'll lose and you'll learn. Experience always come from mistakes.

Wyne

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Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 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?

You are right! Trading is like a gambling. This is because you will never know what will be the end of your trade but its worth all the risk once you start earning. Lossing might destroy trader's heart but when you learn to deal with it, it will not gonna stop you to engage once again on it. I start joining trading because when every crypto are red, the best way to earn is through trading. Yes, it is risky but risk is part of the whole picture in trading.

Topic: A trader's heart - page 5. (Read 579 times)