Learning how to make profit irrespective of the market condition makes you a better investor. Once there is a drop in price we sell and a rise in price signals a bullish trend calling for buyers to prepare for a major buying opportunity.
Topic: Control your trading emotional outburst and get yourself together! - page 2. (Read 823 times)
May 18, 2021, 04:13:57 PM
May 18, 2021, 03:29:16 PM
Controlling emotion is one of the hardest thing not only limited to trading but also into other sort of things in life as well.If you dont know on how to handle up yourself
then you would really be producing these kind of mistakes into your own decision since you cant really think off that well when you are into this state where your
emotions is really on the mix.When making out decisions and analysis you would really be needing that calmness and peace of mind.
Dont easily get hooked with external factors that will surely be the reason of disruption.
controlling emotions is very difficult, even a professional also has problems with their psychology and emotions.then you would really be producing these kind of mistakes into your own decision since you cant really think off that well when you are into this state where your
emotions is really on the mix.When making out decisions and analysis you would really be needing that calmness and peace of mind.
Dont easily get hooked with external factors that will surely be the reason of disruption.
Every human being has a greedy nature, depending on how we can manage emotions properly so as not to be too greedy.
A clear mind and analysis and correct decisions are needed, do not be easily provoked by other people. Indeed, many factors cause unstable emotions, but as much as possible trading should be done calmly and with a healthy mind.
legendary
Activity: 2954
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
May 18, 2021, 02:08:36 AM
~
I can still quite recall my panic sell back in the days, when I day traded in Binance. Sometimes it could be people just need to adjust their strategy because some aren't really for the short-term trading like me and would be like more efficient in longer-term gains. 
Most of the time it's the short term trader that gets affected by their emotion, after all short term trading is really exhausting since you need to monitor it more, meanwhile the long term holder mostly don't care whether it got dumped or pumped as long as it hasn't reached their target.
May 18, 2021, 12:20:17 AM
After I have seen the historical of Bitcoin and old altcoin since all these asset started trade on the market, I get view if the price down in bull season is just correction to go the price higher. In my personal opinion, if we loss at the moment above 20% is better keep hold and wait patient for the price recover. Or we can move to other altcoin that look has better fundamental and product. I think bull season is not over yet, and the market only correction and more investors will jump in to it and the price will go higher.
May 17, 2021, 05:48:29 PM
~snip~
This is where the role of emotion is very important. I continue to learn to be a person who is not greedy. When I close my trade with a profit but it exceeds my estimation that's enough I see. I will not try to enter again, my profits are up there and I have learned not to regret that I have left even though the price continues to rise. Even though I am not an expert I always try to draw a support line of resistance to determine when I will enter the market and I will exit the market it is mandatory, although sometimes it is coupled with a trader's instinct. Although the analysis is only a reinforcement because the market determines the direction of the course.then you would really be producing these kind of mistakes into your own decision since you cant really think off that well when you are into this state where your
emotions is really on the mix.When making out decisions and analysis you would really be needing that calmness and peace of mind.
Dont easily get hooked with external factors that will surely be the reason of disruption.
May 17, 2021, 04:58:35 PM
~snip~
This is where the role of emotion is very important. I continue to learn to be a person who is not greedy. When I close my trade with a profit but it exceeds my estimation that's enough I see. I will not try to enter again, my profits are up there and I have learned not to regret that I have left even though the price continues to rise. Even though I am not an expert I always try to draw a support line of resistance to determine when I will enter the market and I will exit the market it is mandatory, although sometimes it is coupled with a trader's instinct. Although the analysis is only a reinforcement because the market determines the direction of the course. 
May 17, 2021, 04:29:38 PM
Experience is on of the main thing for you to able to suppress that emotion inside you. When you are experienced enough on various conditions then reacting wont really be too obvious nor easily for you to freak out.
Actually if you make investments and trades based on the value of a coin instead of the price of it, you will never have too many problems when the market is falling because you invested in the futuristic value of the project.I know it is hard to control yourself when the price drops (and as well when prices going up) but at those times you just need a few reasons to calm yourself down and investing in futuristic value can be one of them. Moreover, we are having good TA then probably we will not go emotionally outburst; only weak hands will get panic or aggressive.
May 16, 2021, 12:58:41 PM
do not panic when the market is not good, control your emotions and stick to the strategies that have been made.
At times when the market is down, I always keep myself away from Twitter and other social media where a lot of news are speculations are being made. Over the years I have learned that no one knows what will happen next and the best possible thing to avoid panicking is that you just don't get involved in the conversation on social media.In my opinion and as per my experience, controlling our emotions when we are having open position will be possible only through learning out of our own experiences. Just watching markets or reading/watching how other people are reacting to FUD/FOMO, will not help us to handle market pressure. So, managing our emotions will be possible only by self learning capabilities.
May 15, 2021, 05:43:24 PM
Excellent Thread. The biggest emotional outburst I have seen from people is revenge trading. When they lose a certain part of capital especially when they hit a stop loss and the coin comes back to hit the target they tend to forget every rule. They create revenge psychology against the market. They feel that the market has taken their capital away and they will snatch it back. Now, this makes them more prone to losses as they forget each and every trading rule they have. The best solution in such a situation is to stay calm or exit the market for some time to relax and regain your consciousness. Create a threshold for yourself on both sides if you get that much profit or that much loss from the market stay out of the market after you hit that threshold.
This happened to everyone but you become stronger when you have experienced your mistake so many times, I know everyone advise newbies to calm down but they wouldn't listen to you untill it will bit ok them, the newbies know that staying calm when market crashes is good and perfect as a good trader but they won't stay to that rules, that's why there is a saying that says "experience is the best teacher". Let them experience it and they will stay stronger and calm during market crashes.and making themselves to be a better trader or investor because people wont really be changing up his habits if they wont really be experience for themselves on getting wrecked due to their mistakes.
Emotions is one of the most common enemy not only limited to investment but on other key areas as well where you do need to calm off yourself and be mindful on what are the
next actions you should take for the sake of your advantage.
May 15, 2021, 04:32:02 PM
Excellent Thread. The biggest emotional outburst I have seen from people is revenge trading. When they lose a certain part of capital especially when they hit a stop loss and the coin comes back to hit the target they tend to forget every rule. They create revenge psychology against the market. They feel that the market has taken their capital away and they will snatch it back. Now, this makes them more prone to losses as they forget each and every trading rule they have. The best solution in such a situation is to stay calm or exit the market for some time to relax and regain your consciousness. Create a threshold for yourself on both sides if you get that much profit or that much loss from the market stay out of the market after you hit that threshold.
This happened to everyone but you become stronger when you have experienced your mistake so many times, I know everyone advise newbies to calm down but they wouldn't listen to you untill it will bit ok them, the newbies know that staying calm when market crashes is good and perfect as a good trader but they won't stay to that rules, that's why there is a saying that says "experience is the best teacher". Let them experience it and they will stay stronger and calm during market crashes. May 15, 2021, 04:23:37 PM
Excellent Thread. The biggest emotional outburst I have seen from people is revenge trading. When they lose a certain part of capital especially when they hit a stop loss and the coin comes back to hit the target they tend to forget every rule. They create revenge psychology against the market. They feel that the market has taken their capital away and they will snatch it back. Now, this makes them more prone to losses as they forget each and every trading rule they have. The best solution in such a situation is to stay calm or exit the market for some time to relax and regain your consciousness. Create a threshold for yourself on both sides if you get that much profit or that much loss from the market stay out of the market after you hit that threshold.
May 15, 2021, 03:43:49 PM
~
I can still quite recall my panic sell back in the days, when I day traded in Binance. Sometimes it could be people just need to adjust their strategy because some aren't really for the short-term trading like me and would be like more efficient in longer-term gains. 
May 15, 2021, 07:15:04 AM
It is important to think positively to return an extended thanks to success. As a businessman you easily reach your goals if you think that about everything during a positive way with diligence and your talent you become a successful person you get leverage to grow your business faster businesses must learn to regulate their emotions. Failure can't be blamed success is impossible without risk if you actually want to maneuver forward you want to take risks facing the risks with self confidence business must succeed.
Yes, we cannot be success if we cannot control our own emotion and attitude towards our goals. Patience is also very important in cryptocurrency world, most of the people immediately exit when price goes down and don't believe in their plans to sell at the right position. FOMO also drive us to buy tokens at the peak resulting to lose when the price goes down. We should wait for the dip and buy not in the all-time high. Risk management is also important in trading. 
May 15, 2021, 06:23:49 AM
We must have a strategy A and a strategy B, there must be a backup strategy to overcome any problems that do not go according to predictions.
Must be a valid suggestion, I definitely agree with this.Usually I do have stoploss for all my trading because that is the only simple strategy B, I could have a right away when I am entering into any open position.
After opening a trade, I guess I'm not able to go for another complete different strategy to make another trade. Instead of keep trying within a day I will prefer taking a break so that I will come up with new ideas and all new strategy through different set of technical analysis which might be helping me to recover previous losses along with new profits.
Often our strategies do not go as planned, which is not a surprise, given that crypto prices are very volatile. Therefore we must use the stop-loss
feature as a backup plan, so we can avoid large losses. Indeed, we also have to control emotions when trading, because if we can't control emotions,
finally a well-planned strategy. Can fail because we are unable to control emotions, therefore to become successful traders is not easy. There are
many things we have to learn and it requires a long process.
May 15, 2021, 05:21:38 AM
Experienced traders who knows their onions always makes profits irrespective of the state of the crypto market whether bullish or bearish there are signals for longing or shorting, I believed investing in cryptocurrencies can be profitable as well as leads to massive losses, however a lot of newbies believe that the prices of cryptocurrencies will continue to be bullish and makes mistakes of buying at the peak or ATH any pullback or correction often result to losses.
It will be one sided of you to say newbies are always making losses because they believe crypto currency will always continue to more in an upward direction. Not only newbies in crypto currency has that believe or make such a mistake but even those acclaimed legendary in crypto currency trading have been having that believe which leads to massive lost of their trading capital.
I recently replied one forum legendary who have been making post in crypto currency trading for a long time now but believe Bitcoin price cannot drop below $50k and the following day it happen. So, is not by claiming you an expert in crypto currency trading because of them makes mistake that you will believe there are new to trading.
May 15, 2021, 04:33:18 AM
there are many strategies that can be taken. These all adjust the capital of the people. Backup, stop loss, hold are terms we often use in trading. My habit of buying coins is a coin that has a history of active devs and a large community. When my traditional analysis fails and the estimated price is below the price then I will buy again, Backup. If I don't have more money then I just let it go, I am sure he will grow up.
You made a very good point that if the team behind the coin is working actively and are known members of the blockchain community like Vitalik Buterin and others made Ethereum and now the team split and some of them have created Cardano (ADA) and some created PolkaDot (DOT) so yeah if we know that the team is working then despite the price of the coin plummeting you will have the confidence that the bounce back will happen once the product is out in the market.Bitcoin might be the only coin without its owner being known and identified publicly that people trust it won't become dirt at all. All other coins have to show their team to even get attention and then make continuous updates in their project to have the faith of people. Bitcoin doesn't have to do all that, the uncrowned king of the crypto.
All the methods shared above don't work once your portfolio starts getting shredded, no matter how much confidence you have and what analysis you did.
May 14, 2021, 05:29:41 PM
We must have a strategy A and a strategy B, there must be a backup strategy to overcome any problems that do not go according to predictions.
A complete trading strategy is going to have you covered, if the strategy that you are using does not cover every single thing that can happen in the market then the strategy is incomplete and it is not going to be there for you just when you need it the most, it is important to think very carefully about your strategy and especially plan for every single thing that can go wrong, for example if you sell thinking we have reached the top but then the price keeps going up, what do you do in that situation? Will you enter the market again, short it or remain out of it until you see a dip? If you do not know beforehand what will you do you are bound to lose a lot of money when the time comes. May 14, 2021, 02:30:34 PM
Must be a valid suggestion, I definitely agree with this.
~snip~
Yes, there are many strategies that can be taken. These all adjust the capital of the people. Backup, stop loss, hold are terms we often use in trading. My habit of buying coins is a coin that has a history of active devs and a large community. When my traditional analysis fails and the estimated price is below the price then I will buy again, Backup. If I don't have more money then I just let it go, I am sure he will grow up. ~snip~
May 11, 2021, 04:30:53 PM
We must have a strategy A and a strategy B, there must be a backup strategy to overcome any problems that do not go according to predictions.
Must be a valid suggestion, I definitely agree with this.Usually I do have stoploss for all my trading because that is the only simple strategy B, I could have a right away when I am entering into any open position.
After opening a trade, I guess I'm not able to go for another complete different strategy to make another trade. Instead of keep trying within a day I will prefer taking a break so that I will come up with new ideas and all new strategy through different set of technical analysis which might be helping me to recover previous losses along with new profits.
Better to do that as there's always new sets of ideas when you do have fresh mindsets, having different strategy and execute one by one would help you to lessen the chance of losing huge amount of investment.
The best thing here is you have options, and once your first position didn't materialized the other one would help to try recovering or try to make some chances of taking decent profits.
Along the way, you'll learn the value of planning and how to work it out in favor to your investment,.
May 11, 2021, 04:23:36 PM
Psychology or emotional in trading is a problem that almost all traders, beginners or professionals will experience. Psychology will attack when we are faced with a price that continues to fall and we buy at a fairly high price. this will test whether to Cut Loss or hold it. However, when the price goes up it is confused to sell or continue to hold it.
which of course we have to stick to our main goal, which is to get a profit. Regardless of the benefits, we should be satisfied.
do not panic when the market is not good, control your emotions and stick to the strategies that have been made.
Easy to say but when we are already on the actual market condition or experience then those kind of goals that you had set earlier will most likely be changed nor not be able to follow.which of course we have to stick to our main goal, which is to get a profit. Regardless of the benefits, we should be satisfied.
do not panic when the market is not good, control your emotions and stick to the strategies that have been made.
Controlling emotion is one of the hardest thing specially if you deal with this market which does have very volatile price which in result into panic when you do saw your
portfolio is dropping.
Experience is on of the main thing for you to able to suppress that emotion inside you. When you are experienced enough on various conditions
then reacting wont really be too obvious nor easily for you to freak out.
Jump to: