Bad Psychology of Traders - page 15.

zanezane

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Quote from: TheKeyLongThumbI on January 27, 2018, 01:29:54 AM

Lack of experience and knowledge is the common reason for that. Cryptocurrency is a market that this day everything goes up and then the next day it's crashing down. They need to be equip with those two things to conquer FUD.

Having wide experience is essential in trading because every trader needs a real time experience not just by watching and reading articles as it's different approach when we trade every time. Eventually, with years of experience every fud that occur will be just an ordinary day, feels like you became numb in every crash.

barontamago

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Well we cant blame them its in their nature. Traders mindset is to get a profit always think on the positive outcome thats why when their at the negative situation like getting lost a profit they can easily surrender. You cant stop them on what they do every traders have different point of view and handling on the situation. Its always a risk and gambling.

inskraer

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Because bad technical analysis and little experience in this domain. I have a friend which as well all merged... Does not understand that does)

Kim Ji Won

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Quote from: bxipp on January 08, 2018, 04:53:08 AM

Quote from: mrtryonebiggums on January 08, 2018, 04:27:17 AM

It is the psychology but more importantly it is the emotions that get the best of us. This happens in every facet of life and trading is no different. When we lose we want to get out to stop the pain and when we win we want to book our profits. You must get a better mental state if wanting to achieve big things at trading cryptos imo!

Im agree with you. Everytime when i hold some lose token i will sell it fast. Im alway miss the train when it being pump up. So now i will buy and not look at the token for weeks so i get no envolve with emotion to it.

Good luck with that, hopefully, you can get a hold of yourself not looking at the price of the tokens you are holding but that is just wishful thinking. Naturally, you'd be anxious and curious about the state of your coin in the market and sooner or later, you will check its price. It is okay for you to check but you should be emotionally prepared for doing so and not get swayed easily by the graph that you will see upon checking.

TheKeyLongThumbI

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Lack of experience and knowledge is the common reason for that. Cryptocurrency is a market that this day everything goes up and then the next day it's crashing down. They need to be equip with those two things to conquer FUD.

letecia012

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Quote from: klaybbj on January 08, 2018, 03:23:34 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?

How can you say that most traders have bad psychology? are you also a victim of it? hehejeje will most of the time people who fail in trading are the newbies who don't understand what coin they are buying they just buy with out researching or studying the coin they buy. Traders who know what they are doing will not be a loser and keep winning. Though there is a saying experience is s good teacher you will never be successful if you will not fail the first time around.

Ryanpogi

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Many traders are mistaken because they trust in their ability, do not know others to investigate so they are mistaken. so my advice to your friend is to train yourself to research that will not be wrong. thanks.

Borisb52

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Many see trade in the crypto currency market as a mere game. They do not understand that this is quite a difficult job. And psychology is in the first place here. The whole market of crypto currency is built on the psychology of the participants.

VALDEMAR PREST

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Quote from: LooBaao on January 16, 2018, 05:06:23 PM

Quote from: VALDEMAR PREST on January 16, 2018, 04:15:03 PM

All of us are driven by emotions! Because of the psychology on trading beginners suffer! Because for them the fall in the price per coin is the fear of losing your life savings! Also suffer and people who with limited funds! Afraid to lose your last money they sell the coin when the prices fall!

The worst psychological trauma to being able to make those failed traders is to lose their temper. When they lose their temper, they can make the wrong decisions and lead to lousy results. You should carefully analyze the problem before implementing it.

Yes, fear interferes with thinking! if there is panic, the situation is not right, therefore have a lot to lose! There is a lot of literature on psychology of trading! For those who are weak in emotions, it is helpful to read!

Qartersa

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Quote from: loaddebitcard on January 22, 2018, 10:49:09 AM

Quote from: klaybbj on January 08, 2018, 03:23:34 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?

It seems to me that this does not apply to psychology in general. Somebody just want to make money quickly and if they do, they withdraw their assets and get their money.

You have a point there. There are just others who are just into the easy way up hence they decide on matters real quick without much apprehension. This can be a good trait in investing, though, because chances are you make big winnings. BUT, these people may suffer losses to the extremes as well. I do not want to stereotype on people but I want to make it clear that others are just here for short-term profits hence they withdraw when they are already content with the current price. YES, it has something to do with psychology but your assessment as to it should depend on the person's goals.

loaddebitcard

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Quote from: klaybbj on January 08, 2018, 03:23:34 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?

It seems to me that this does not apply to psychology in general. Somebody just want to make money quickly and if they do, they withdraw their assets and get their money.

gabmen

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Quote from: lienfaye on January 20, 2018, 05:44:04 PM

Quote from: klaybbj on January 08, 2018, 03:23:34 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 reason behind this problem is greed. Traders who cant control themselves and eager to get profit instantly are likely to suffer more losses. Its important to have plans and wait patiently for the right time, dont be a panic seller because you might missed the great opportunity. Refrain and control your emotion so it wont become hindrance in what you do.

Well that kind of control can be practiced through time and repetitive trades. Only then will you be able to determine if you're easily swayed by greed. It's normal for situations like this to happen because we're dealing with money and people more often than not tend to want more of it

sandy14352

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They happy with just 10% profits bro, Nothing is more important to them.... No emotional values

yanto@1977

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Quote from: klaybbj on January 08, 2018, 03:23:34 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?

Trader also human, make mistakes is part of us. I believe bad psychology comes because bad behavior and we need to face it before too late. Second thing is, disciplines about our strategy can against bad psychology. Meaning, what your strategy tell you just do it without ask. We can blame bad psychology as main reason our loss. It's just us and always about us as trader doesn't have enough control. Face and fix it before bring you bigger loss. Good luck with you.

Rajatruck

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For the most part it's just impatience that guides them in the wrong direction

lienfaye

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Quote from: klaybbj on January 08, 2018, 03:23:34 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 reason behind this problem is greed. Traders who cant control themselves and eager to get profit instantly are likely to suffer more losses. Its important to have plans and wait patiently for the right time, dont be a panic seller because you might missed the great opportunity. Refrain and control your emotion so it wont become hindrance in what you do.

sheenshane

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Quote from: klaybbj on January 08, 2018, 03:23:34 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?

m
Most traders having that bad emotions or bad psychology trading.
We can avoid like this if are trying our self to control from greediness in trading.
Some people they are in hurry to make profit they can't controlled them self or just wait for better earning in trading.
Panic selling is not good for a trader you must wait the right time to sell your coin to have a better profit then i prefer to hold long term for lower risk than to do in trading or buy low and high price strategy.

alyssa85

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Quote from: Emperor of Man on January 17, 2018, 12:43:07 PM

The worst psychological reactions traders make:

- Panic: Simply the worst reaction, and it happens when the markets dump (like these days! lol). Undecided

- Impatience: They buy coin X and they sell when it's in 10% profit, only to watch it go a lot higher! Cry

- Urgency: When they lose money they get angry and want to avenge the market and recover fast, only to find out it makes them lose more and probably go rekt! Huh

- Nonpersistence: Losses happen. When you fall down, just stand up and fight again, until you win. Undecided

I've made all of these mistakes. I hope you don't make a lot of them...

The real problem is that people don't practice risk management.

If you are All In on a coin, then it's easy to feel panic when the market goes against you.

If you have practiced proper risk management and risked only 10% of your stash on a trade, it's easier to be cool and wait for the trade to pan out. You make money slower this way, but you make consistent profits and don't get wiped out.

777asianinvasian

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Boils down to your mental game and the way you described it those people have bad mental game and that is why they have a various amount of leaks. Only when you plug those leaks can you begin to strive for excellence!

00DKM@

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Quote from: coinadon on January 20, 2018, 11:59:31 AM

They usually buy during FOMO and then when there's dip, they tend to panic and sell their coins which results to their losses. The right strategy is buy on th FUD ans sell in the hype. It is the beasic, buy when the price is low and sell when the price is high. Noobs thinks that investing in crypto will make them rich in a day. That's not how it goes. You need to have a tons of patience.

I agree with you.
most beginners in trading will be looking for a quick fortune by buying a signal or follow ico without knowing everything in it.

but I think what we'll get in the future is something more important than today's gains but confused as to what to do next.

hopefully there is a discussion for this very serious psychological trading problem.
[/quote]Doing business in any financial market is always very difficult and in the crypto market as well. You can lose all your possessions if there are inaccurate decisions in the loss of composure and hurry, so for my view psychology plays a very important role in the development of a good trader. Always keep yourself in the best of calm, which is basically good for you to succeed in this market.

Topic: Bad Psychology of Traders - page 15. (Read 2916 times)