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!
If you are referring to leaks as emotion and ignorance, then I would definitely agree with you 100%. I always believe the real reason why so many people get emotional is because they are always ignorant and they just gamble their position in the market which is what always make pros different. As a good trader, you already know what to look out for based on your knowledge and you are not just making decisions blindly, as those blind decision making is what definitely sets in emotion. 
Topic: Bad Psychology of Traders - page 9. (Read 2840 times)
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?
Emotional is the most main in the trading it is not only psychology or anything but it's our emotions. When you keep on doing trade with your emotions then you will only lose. Just like in some quotes You will never lose when you not sell.That is a fact, those who are badly influenced by sentiments they are not much successful in practical life and same is for crypto traders. They need to take decisions based on facts.
It would be easy to get rid of any form of emotion in this case because at that moment, you are really helping yourself get ahead in your level of thinking and the making of decisions which you will find hard to do without the knowledge and the main reason so many people fail but if you can get this out of the way, you will always be good to go.
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?
Emotional is the most main in the trading it is not only psychology or anything but it's our emotions. When you keep on doing trade with your emotions then you will only lose. Just like in some quotes You will never lose when you not sell.That is a fact, those who are badly influenced by sentiments they are not much successful in practical life and same is for crypto traders. They need to take decisions based on facts.
It would be easy to get rid of any form of emotion in this case because at that moment, you are really helping yourself get ahead in your level of thinking and the making of decisions which you will find hard to do without the knowledge and the main reason so many people fail but if you can get this out of the way, you will always be good to go.
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 in order to successfully trade in the crypto-currency market you need to be a good psychologist. In order to understand where the masses are moving. And good psychologists are very few. Many traders simply do not understand what is happening in the market. And so they lose their money.
Each one, who are into crypto should be emotionally and psychologically stable. We all understand the hypothetical risks of losing. The weak sell the coins not in time and "the winners" get benefit from that.
I think more than 50% of the topic writers in here are traders and I believe more than 50% of them don't have a bad psychology now.
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 in order to successfully trade in the crypto-currency market you need to be a good psychologist. In order to understand where the masses are moving. And good psychologists are very few. Many traders simply do not understand what is happening in the market. And so they lose their money.
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.
Apparently, finding opportunities is one thing that makes a trader different from a self-proclaimed trader without any skill or knowledge about trading. Once you know what you are doing anyway, you will always get confident over time and you will get to make good decisions from the knowledge you have gained without just gambling anything in the market.Many people who get emotional today always have this notion of buying low and selling high without knowing a single way to analyze their position before even getting in and when things turn awry, they start shaking and sweating.
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.
Apparently, finding opportunities is one thing that makes a trader different from a self-proclaimed trader without any skill or knowledge about trading. Once you know what you are doing anyway, you will always get confident over time and you will get to make good decisions from the knowledge you have gained without just gambling anything in the market.Many people who get emotional today always have this notion of buying low and selling high without knowing a single way to analyze their position before even getting in and when things turn awry, they start shaking and sweating.
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!
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?
Emotional is the most main in the trading it is not only psychology or anything but it's our emotions. When you keep on doing trade with your emotions then you will only lose. Just like in some quotes You will never lose when you not sell.That is a fact, those who are badly influenced by sentiments they are not much successful in practical life and same is for crypto traders. They need to take decisions based on facts.
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.
Apparently, finding opportunities is one thing that makes a trader different from a self-proclaimed trader without any skill or knowledge about trading. Once you know what you are doing anyway, you will always get confident over time and you will get to make good decisions from the knowledge you have gained without just gambling anything in the market.Many people who get emotional today always have this notion of buying low and selling high without knowing a single way to analyze their position before even getting in and when things turn awry, they start shaking and sweating.
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 bad mindset of the trafers is that they always want the profit to come in their wallet as instant as possible but thats not hownit works because it needs time and efforts in order to gain a lot of money in this business. If you are lacking of patience in this thing you will never meet the expectations you ever wanted because you akways want an easy profit but nothing is easy nowadays you need to wait for the right time bedore it will get into you. And always be positive as much as possible
Usually a newbie mistake. With experience will come realization that trading isn't something that assures easy and quick money. When the losses pile up and lessons are learned, then this mentality you're talking about will be discarded for a more mature approach to trading.
Emotions play a vital role here and no one is exempted to feel this and some didn't know how to control it. Maybe some experienced traders knew what to do in times of trouble but not all experienced traders stay calm as they somehow panic and still do stupid things.
Better learn to control it whatever it may cause even in the hard way.
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?
Emotional is the most main in the trading it is not only psychology or anything but it's our emotions. When you keep on doing trade with your emotions then you will only lose. Just like in some quotes You will never lose when you not sell. 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
Normally, once there is no clear plan or strategy, such a trader is doomed to fail. Every market is complex in their own way and cryptocurrency is even more complex. If you have no knowledge as a trader, it is just more like adding oxygen to the fire in the face of a burning house.
It is just normal for either a trader to get greedy or lost by just applying buy low sell high rule without knowing any other thing to do to always play safe which balls down to knowing how to do some good analysis and even knowing when to exit if analysis ends up going wrong.
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 bad mindset of the trafers is that they always want the profit to come in their wallet as instant as possible but thats not hownit works because it needs time and efforts in order to gain a lot of money in this business. If you are lacking of patience in this thing you will never meet the expectations you ever wanted because you akways want an easy profit but nothing is easy nowadays you need to wait for the right time bedore it will get into you. And always be positive as much as possible
Usually a newbie mistake. With experience will come realization that trading isn't something that assures easy and quick money. When the losses pile up and lessons are learned, then this mentality you're talking about will be discarded for a more mature approach to trading.
not only psychology but emotions, good traders should trade like a bot no emotions just strategy good or bad emotion can affect our strategy. technical analysis >>>> fundamentals is a must thus T.A. reflect peoples trading activity/statistic so more probable movement is predicted.
The fact is that people always manage their emotions, and at the same time it's very hard to keep sound mind. And everything happens first of all because people work with finances on the second stock exchanges.
not only psychology but emotions, good traders should trade like a bot no emotions just strategy good or bad emotion can affect our strategy. technical analysis >>>> fundamentals is a must thus T.A. reflect peoples trading activity/statistic so more probable movement is predicted.
The bad psychology of these traders is the psychological instability, not calm before the sudden situation (such as market fluctuations in the direction of reduction). Traders are either psychologically scared, or not expected. This, really easily leads to unwanted risks. Instead of finding a profit in the bitcoin business, they carry with them the bad psychology that leads to business losses. Please be calm!
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.Emotion is always bound to set in for those who do not have the knowledge, it is normal even in real life. Bad psychology while trading could be avoided over experience but needs more disciplined plans to be followed consistently.
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