Bad Psychology of Traders - page 11.

kaisa

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Quote from: klaybbj on January 08, 2018, 04:23:34 AM

Why most of Traders have bad psychology of trading they keep lose more and more and can lost his account and they left quickly when operations is winning?

the problem is not on their psychology, but who are they?
there are several possibilities.
1. they are new members.
This class only understands "buy and sell" without a good knowledge base, they think fast investment.
however, when they see their assets decline they are nervous and sell all of their assets.
2. They are professional traders, because cut loss is the best position to reduce losses.

ranoby

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Because what is happening does not meet their expectations, they do not have a clear plan, chaos and confusion in the mind appear. It can be when you have big win or lose... It's called tilt

Kunlejoe0

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That is why the old adage ring so true today 'Man know thyself' self knowledge and self-discipline is perhaps the greatest tool in the hand of trader and investors alike. Don't join the bandwagon, stick with the reason why you are doing what you are doing now.

slashz9

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actually a quick turn is the one in the search for professional traders they move from one type of coin / asset to the other they always find opportunities, when prices go up or down.

LuffyD.Monkey

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Quote from: Sword555 on March 14, 2018, 12:08:46 PM

traders manage their emotions all the time - Yes and remember if you a very emotion person then trading is not for you , better to work somewhere else . Because one time emotion will make big mistake with you and you will loose a lot.

When someone decided to get into trading, he or she must review his or her abilities. Along with other abilities, this emotionless or emotion full ability must be considered at first priority. Knowledge and prior experience don’t matter a lot because it can be learned or earned later but if you don’t know how to control your emotions at right time, this trading thing is not for you.

Alex Storm

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Quote from: klaybbj on January 08, 2018, 04:23:34 AM

Why most of Traders have bad psychology of trading they keep lose more and more and can lost his account and they left quickly when operations is winning?

Here emotion control is important - only then trader can obtain optimum income on its investment.

adaseb

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Basically there are 2 ways why most traders ( not only newbies) lose money.

First one is emotion. They are fearful when they are losing a little money and they are greedy when they make a lot of money.

So when they buy Bitcoin and it goes up, they immediately sell for little profit. If it goes down, they don't sell and lose a lot during a crash.

There are other reasons like lack of capital. With little money they can only buy a small number of alts and when those alts don't work, they sell and buy another alt which doesn't work either.

jamids

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Quote from: klaybbj on January 08, 2018, 04:23:34 AM

Why most of Traders have bad psychology of trading they keep lose more and more and can lost his account and they left quickly when operations is winning?

Usually this is a behavior of a newbie trader. One of the aspects of trading that traders need to control is psychology. It doesn't matter whether you know all the formulas of technical analysis and being updated with all the news because if you are emotional when trading then you will end up at a loss eventually. The key to control this is through experience. A trader would be able to control his emotions only when he is constantly doing it that's why many just opt out to hold because they cannot control their emotions but if you are really serious about trading and wants to learn and be profitable with it then you just have to learn from your losses.

BlockEye

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Quote from: serjent05 on March 15, 2018, 10:21:38 PM

Good traders must have patience, undestanding of the market and know how to control emotion. They should have a healthy state of mind and know how to operate in the most critical scenario. An experience is a good addition but learning from these experience is far better than acquiring more and more experience but never learn from it.

Knowing what coins you have or acquired is much needed, being updated with it and knew how that coin purpose and projects progress can be a help to know what to do with that coin. Having those updates can be a help on what to trade. Be aware and always learn from experience.

serjent05

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Good traders must have patience, undestanding of the market and know how to control emotion. They should have a healthy state of mind and know how to operate in most critical scenario. An experience is a good addition but learning from these experience is far more better than acquiring more and more exprience but never learn from it.

PuertoLibre

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Quote from: jambul_kribo on March 15, 2018, 09:13:50 PM

Quote from: rawafe on March 15, 2018, 07:20:32 PM

I think that one of te most important component of successful trading is psychology. By the term psychology we refer to the state of mind a trader should have while trading.
If we check right now the situation of the market, I´m totally sure that a lot of people are in a panic state- All of this is going to sell even with losses.

too many fud entering crypto market.so much investor that hold bitcoin or alctoin not in confident.and they prefer hold fiat untill market going stable again.this psychology very very influence.

Fud is biggest reason why investors hurry in rush in order to sell panicly their savgins. Only experienced trader,investors can survive under bear market conditions. As a first rule of trading is to protect balance and be careful about risky positons included to cut off losing trades. Psychology is important factor in trading, controlling emotions can make you wise trader on long term.

jambul_kribo

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Quote from: rawafe on March 15, 2018, 07:20:32 PM

I think that one of te most important component of successful trading is psychology. By the term psychology we refer to the state of mind a trader should have while trading.
If we check right now the situation of the market, I´m totally sure that a lot of people are in a panic state- All of this is going to sell even with losses.

too many fud entering crypto market.so much investor that hold bitcoin or alctoin not in confident.and they prefer hold fiat untill market going stable again.this psychology very very influence.

BeGoods

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Quote from: Xising on March 13, 2018, 08:51:32 AM

Quote from: klaybbj on January 08, 2018, 04:23:34 AM

Why most of Traders have bad psychology of trading they keep lose more and more and can lost his account and they left quickly when operations is winning?

I think every aspect that could help in making good trades must be considered. Whether its the psychology or the emotions that a person feels whether he's winning or losing is always critical. It's because how a person reacts after a loss or a win would make or break how his investment would go. For those who are trigger happy and do not think of the consequences of their actions, especially after a loss, would surely result to them not having the chance to get their losses back. It's better to think things through instead of acting out without even a thought.

I think almost all the losses generated will certainly result in the psychic trader, especially if they get big losses? but a great trader certainly can control their emotions when losses and risks occur. and if they can control it I'm sure they can benefit and recover losses.

rawafe

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I think that one of te most important component of successful trading is psychology. By the term psychology we refer to the state of mind a trader should have while trading.
If we check right now the situation of the market, I´m totally sure that a lot of people are in a panic state- All of this is going to sell even with losses.

Oilacris

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Quote from: trickyriky on March 15, 2018, 04:14:21 PM

Quote from: Sword555 on March 14, 2018, 12:08:46 PM

traders manage their emotions all the time - Yes and remember if you a very emotion person then trading is not for you , better to work somewhere else . Because one time emotion will make big mistake with you and you will loose a lot.

I am absolutely sure that a very good trader should be the person with the cold mind. It does not mean he must not be an emotional guy, just he should manage his stress.

Being emotional wont really be fit into trading field because this would really be the reason for you to lose money instead on earning profits but because of your temper or emotion will result into foolish decisions into the orders you had made out.There are lots of factors affecting trading results skill and knowledge can be gained along the the way but psychological aspects should really be put in concern.

trickyriky

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Quote from: Sword555 on March 14, 2018, 12:08:46 PM

traders manage their emotions all the time - Yes and remember if you a very emotion person then trading is not for you , better to work somewhere else . Because one time emotion will make big mistake with you and you will loose a lot.

I am absolutely sure that a very good trader should be the person with the cold mind. It does not mean he must not be an emotional guy, just he should manage his stress.

mega

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Agreed.Good traders must learn from that our emotions and psychological skills take us on peak.We learn to control the emotion either we earn or loosing,When earn keep calm and if loose show patience.

Kevin77

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Quote from: kolega on March 12, 2018, 04:39:09 AM

In order not to depend on impulsive decisions, you need to make a trading plan with entry and exit points from the position. It is important to adhere to this plan and not change it constantly without extreme necessity.

It will be as simple as anything. There is no way you can make any trading plan or strategy if you do not have the knowledge of what you are doing which is what makes a lot of newbies who think trading is a way to make more money to keep making mistakes and end up getting their funds terribly reduced in the long run based on their mistakes of not learning first before starting to trade. In such occasions, there is just no way they will not get more emotional and keep making mistakes.

Sword555

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traders manage their emotions all the time - Yes and remember if you a very emotion person then trading is not for you , better to work somewhere else . Because one time emotion will make big mistake with you and you will loose a lot.

anzhanbei1214068

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To win the deal, traders manage their emotions all the time, and the psychological impact can influence your trading decisions to a large extent. As a trader, you have to be fully aware of the impact of your emotions on your daily trading activities and find good ways to deal with them.

Find a trading strategy that you're used to, and I usually stop after three consecutive failed trades. The next day, if I still fail, I won't trade for the next two or three days. There is also a situation where I will stop trading, which is when I have reached my goal of the day or week. Because overconfidence can easily lead you to not stick to your principles. These are the rules I set for myself, and I often reflect on my emotions.

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