Bad Psychology of Traders - page 13.

orka39

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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?

There are some reason on why they have that psychology.
The first reason maybe because they are not ready yet to do trading so they are like newbie.
Second reason i think they have not trading plan such at what price must enter the market and also quit. They do trading without planning. Another reason just because they check the price run so many time a day which make them panic.

Theb

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Quote from: Scallywag on February 26, 2018, 11:13:36 PM

because most people don't have the right mind for trading , it is pretty draining on you and time consuming. people think it is easy because they see the volatility on the market. the best traders have a strong mindset and are not scared of losing money , they make decisions on logic and not on emotion.

I don't even call themselves traders are they don't know what to do, they holding something when its worst but when a golden opportunity arrives they will immediately sell when they see something in their portfolio green. You see a trader knows when to enter and when to exit because they have a plan but before that plan they carefully study and analyze charts. What you are calling traders are basically just people looking up recommendations online on what to buy and they will really rely on that information without doing their own research.

okissabam

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It is because psychology messes up your head. Traders mindset usually hopes the coin keeps on increasing and would profit from it but does not really dig in deep if the coins they are trading will be profitable in the long run. And when they see the coin dropping, would eventually get out asap because they are afraid to lose all their money.

hitrawal91

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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?

This is because most of the trader's mindset is not strong and which is not good for trading crypto coins. This is seen in most of the trader's where they can't control the emotions and they keep on losing by holding the scrap coins and on the other side they sell their coins soon when there is need to hold for it. Discipline is also a major requirement here for the traders without which they won't be successful in life. I think that only practice can make their emotions in control.

KeithBeeCham

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It's really difficult to explain

). Feel like you already drunk but you still want to drink more

. When a trader lose a lot, it's really hard for him to control his emotion and a keep his head perky that why often made wrong decision at the time and made the situation becom worse. I think if anyone want to become a trader, the first thing they need to learn is how to control their emotion

Borisb52

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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?

Because psychology is quite a complicated thing. If you understand the psychology of the masses in the crypto currency market, then you will make very good money on this. You will be the king of the market.

hellokitty25

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I also suffer from this bad psychology when I panic

Bowly88

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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?

They are lacking of self discipline that is why they are having a huge lose everytime. Because if you have a self discipline in you and you know how to handle some bad situation and turn that into a good thing then you are gonna win a huge money as always. Because being optimistic is a must in this league because in every loses you had you will gain some lessons in that then in the next time you will not do it again and you can always see the bright side in cryptocurrency

XFlowZion

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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?

I think they get easily hyped by another coin that are recently talked coin that is going to rise this year and they immediately sell the old ones without thinking because no one has ever talked about it.

boboking

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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?

Psychology is not to blame but it is emotions. Humans are very emotional when it comes to money. Successful traders stick to their strategy and their plan no matter what. Cut loss if you need to, and sell if you hit your target price. It is very easy to say but most people cant follow it.

kolega

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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.

Kambal2000

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Quote from: adaseb on March 12, 2018, 04:02:12 AM

Quote from: Moiyah on March 12, 2018, 03:36:27 AM

Quote from: satria33 on January 08, 2018, 06:14:20 AM

I think it's not a psychological problem but the problem is impatience in making decisions, selling or buying

Emotions should be set aside when doing the trading. I really wonder why is it called psychological problem while the only problem is that they don't stay rational and didn't stick with their plan. Maybe that trader you are referring to were the one's who aren't that focus and let disturbs their action plan.

The reason why is because there is money involved.

Imagine buying BTC at $20K and see it go to $6K. Unless you are a rich man or had a very small investment, you probably would of sold at a loss also.

You are right, emotions should not be beside you when doing trading, because trading really requires all of your emotion and don't be your sensitive side to appear here, but still if you are just willing to go push here and have the guts to do all of this then you can always do and overcome your fear if you are just willing to do so.

adaseb

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Quote from: Moiyah on March 12, 2018, 03:36:27 AM

Quote from: satria33 on January 08, 2018, 06:14:20 AM

I think it's not a psychological problem but the problem is impatience in making decisions, selling or buying

Emotions should be set aside when doing the trading. I really wonder why is it called psychological problem while the only problem is that they don't stay rational and didn't stick with their plan. Maybe that trader you are referring to were the one's who aren't that focus and let disturbs their action plan.

The reason why is because there is money involved.

Imagine buying BTC at $20K and see it go to $6K. Unless you are a rich man or had a very small investment, you probably would of sold at a loss also.

Moiyah

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Quote from: satria33 on January 08, 2018, 06:14:20 AM

I think it's not a psychological problem but the problem is impatience in making decisions, selling or buying

Emotions should be set aside when doing the trading. I really wonder why is it called psychological problem while the only problem is that they don't stay rational and didn't stick with their plan. Maybe that trader you are referring to were the one's who aren't that focus and let disturbs their action plan.

cicciobtc

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yes, self-control is crucial to making profit in trading as in any other financial activity.
You can have great skills and knowledge but without self-control they are useless.

Granxis

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Actually it will be very simple but the worst psychology is sudden price decrease; that is to say, even if the experienced traders during the price declines sell Bitcoin, be sure. If Bitcoin goes down to $ 6000 tomorrow, I will sell Bitcoin a bit.

CryptoC7

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A good trader's state of mind or psychology usually involves controlling his anger, fear, greed and maintaining discipline. Some traders often lose because they don't follow their chosen trading approach and instead trade their own emotions. They need to figure out their mistakes, learn the skills of trading and keep their trading expectations realistic!!

Ryanpogi

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It's a sad fact to read that, as many traders today say that the trade is not good. but do not let the king be positive enough for you to get it. thanks ..

clarkt

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Man know thyself! This statement is the golden word spoken many decades ago and it is still relevant to our lives including trading. Self awareness, self knowledge is a state that can make you see yourself as ND things around exactly the way they are without prejudice or been programmed by situation or prevailing thought or sentiment. The solution to bad trade is awareness.

Scallywag

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because most people don't have the right mind for trading , it is pretty draining on you and time consuming. people think it is easy because they see the volatility on the market. the best traders have a strong mindset and are not scared of losing money , they make decisions on logic and not on emotion.

Topic: Bad Psychology of Traders - page 13. (Read 2840 times)