Bad Psychology of Traders - page 20.

akram143

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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?

If someone want to be a good trader he needs more patience and decision making skills,decision making means he have to decide what to do and after the decision he don't have to take care of the results.If someone sold his coin for low profits he have to accept that he already made enough profits.

ralle14

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They want to cut their losses and others still want to recover it's kind of the same with gambling since there is risk involved in both activities. I sometimes experience losses but I always make sure to not think about my losses if I start trading because it could lead you to losing more.

Geurangsang

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Trading is the most thrilling job that can make you to think and think again to decide. But not any trader have emotion like that. For the best trader is who can make brain so coll and make a great decide with their mean. The difficult think to sale if worry about failing. If you doubt about that, you maybe make a bad one.

b!t

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I've been trembling many times of fear when watching the markets and reading the news about crypto, in my case, it has fortunately been profitable because of "instinct" trades I've made Cheesy

But still highly risky.. These days I try to not let the emotions take the best of me.

As people said before me you need to be patient and calm, it's still a wild west here.

Granxis

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Traders do not have specific psychologists, so there are many kinds of psychologists because they are so many kinds of people. For this reason, there is no general thought about traders. Especially if I have to talk about myself, I usually have an optimistic character, and for this reason I guess I do not follow the generalizations.

creeps

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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?

We cannot blame them because its their emotion. Traders should at least forget about their emotion specially when you are doing trade. Be more patience, its really hard to adjust in the first place but I know you can do it better next time just keep on learning.

TeamUp

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i think its not a "bad psychology" but rather a human nature, no one wants to lose on anything, and when we put in that situation our instinct kick-in "its better to lose a few, rather than to lose all" which lead as to panic selling. Thats why its always advice "Do not trade with emotion"

FrueGreads

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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?

People have trouble handling loss, so when they first see the price going down they do nothing because they don't want to lose, and even though all the signs are saying sell, they hold because they think it will turn around. The loss gets bigger and they sell, only to see that the price did come around, and that they just sold at the bottom. This stays with them, and they will keep getting trapped on this cycle over and over again. They do the opposite when they are winning. They see that they are getting profit, and at the slightest signs of a shift in the price they sell, only to see that the bulls were not done yet, and the price is still going further.

The problem is that most people can't read charts and they just trade with feelings, and get fooled by the experienced traders that do read the charts, and act in synchrony because they are all reading the same thing and by doing that, they are able to move markets. Only those traders can have profits, but that is hard to do. That's why I don't trade, and I prefer to hold.

babsjoe

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Just like any skill or profession, you must pay your dues in mastering your art or skill! People that panic sell and those who can not wait to take good profit from their investment are either suffering from inexperience or are panics!

Wipro

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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?

Where do you analyze the traders thought bro. What you have said is applicable for people who comes to trading platform recently. but in the trading there are many people analyze the coin's growth and invest on it. Since trading is completely depend on the short term still they hold it for somedays atleast in the some of the top altcoins. Now ripple, cardano and IOTA are choice for everyone to buy and sell frequently. What is your best choice bro?

btc_angela

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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?

Its greed man. While other bad psychology is emotions if I'm not mistaken. Emotions with will lead to you to make bad trades. That's why they say that if you are too emotional and didn't used your common sense, trading is not for you. As for greed, this is the feeling that you still want more, eventhough all signs are saying that you need to dump the coins because it could really go down in the next couple of days. But the problem is, its really hard to control. You need to yourself years before you can actually practice the art of controlling your emotions to prevent bad judgement.

Caladonian

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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

That's why the first thing that we needed to overcome is emotions if we wanted to earn and succeed inside this business, traders always have the fear of losing their money and that's the fact without changing this position without taking a risk we can't go forward so instead of earning a lot then we will just have some little or sometimes we just get break even.

TorbiK

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All people are guided by fear and hope. Therefore, they sell early, when they earn - they are afraid of losing profits. And do not sell when they are at a loss in the hope that the price will reverse in the opposite direction.

satria33

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

soname12

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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 what they want is what they see so they will sell it when they see it meets their needs. When they win they feel satisfied with it and do not hesitate to go.

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Quote from: mrtryonebiggums on January 08, 2018, 05:27:17 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.

mrtryonebiggums

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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!

klaybbj

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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?

Topic: Bad Psychology of Traders - page 20. (Read 2840 times)