Either both i believe that emotion must be taken away whenever we are engaging in trading ,because look how is the effect of being emotional trader.
Once the value get drops,your emotion will dictate you to sell all your coins to stop losses
ANd when the value of coins grows same emotion will dictate you to buy another
This two scenarios are both mistakes because patience is the key to success
Topic: Do You Need To Put Your Emotion in Trading ? - page 9. (Read 2526 times)
If we want to be a successful trader and if we want to make good profiits every trade, then we need to set our emotion aside. Cause emotional people can't get success in trading field.
It depends on what emotions we are talking about, some of them really need to get out of the picture, basics things like do not sell, as long as it it below the buying price for example. I do not think it help people, but on the other hands, some emotions may be helpful, especially if someone has a good sense to that.
Sometimes you need emotions when trading. Emotional doesn't always have an adverse effect on your capital losses, but with a note you are familiar with the conditions of the cryptocurrency market or in other words you have been trained when trading in cryptocurrency. For example, you have made a profit but after that you see and predict the market conditions will continue to go up so as you do not take the profit you have earned but you continue to hold until the second target you want is reached.
In this case, you need only a cold head and a calculation plan at what percentage to fix the profit, otherwise it may delay and the trader will have to wait a long time for a new price increase
I think emotion will always be there every time we are in the platform exchange, But as much as possible we supposed to have a self control on
it, for us to avoid loss of capital or our coins. On this way, we can enhance our skill in doing trade in the platform as time goes by, isn't right?
it, for us to avoid loss of capital or our coins. On this way, we can enhance our skill in doing trade in the platform as time goes by, isn't right?
I agree with you, emotions can`t be avoided in trading. The worst from all is greediness, when people wish too much. Only with time we build ourselves,
we practice calmness, patience. Those are good skills to practice, but many times we make decisions based on big wishes, when we are nervous cause
of some lose and we want to make more with next trade.
Emotions are always present, what we can do is to practice how to make decision with our mind in trading, not with our heart.
I think emotion will always be there every time we are in the platform exchange, But as much as possible we supposed to have a self control on
it, for us to avoid loss of capital or our coins. On this way, we can enhance our skill in doing trade in the platform as time goes by, isn't right?
it, for us to avoid loss of capital or our coins. On this way, we can enhance our skill in doing trade in the platform as time goes by, isn't right?
I hope emotions will not help us to make through trading because we need to have enough patience in order to lead the market. Sometime our emotion will easily lead to losing our money, so it is always good to control your emotions when you are at trading through patience we will make some profits.
The easiest way of loosing everything you have is to trade with emotions. Emotions is not going to help you in anyway at all. Trading with emotions means you will be stuck with one particular coin and will find it hard to sell. You feel it will come out good soon but that's wrong. Don't ever apply emotions when trading.
You are bound to make huge mistake putting emotions into your trading because its basically no needed there if you can fix your facts i think is best to then forget trading entirely that day and find yourself a fix
The crypto price itself is composed of people emotions. You can see how people make panic by looking into the candle stick.
Crypto prices are down to normal and we do not need emotions or panic that will end in losses. emotions are natural but we still have to control and think about the risks if we have an emotional impact on what. so keep believing and wait until everything improves for sure the benefits will come to us. 
Its easy to say that we should set aside our emotions when we are trading. same as emotions have no place in trading. But lets admit it, there are times that we still follow our emotions instead of following what the tools that we use in trading are saying. I myself is a victim of my own emotions, FOMO. I use several tools in trading like RSI, Bollinger Bands and Parabolic SAR but after looking at the charts, sometimes I still follow what I think is OK.
One of the reasons why the market changes rapidly is because there are many traders who are easily panicked, scared and greedy. this is a bad example so when there is a negative issue the trade responds strongly.
Emotions are an important part of trade, especially crypto. Experience will form more stable emotions. keep learning and practice your emotions.
Emotions are an important part of trade, especially crypto. Experience will form more stable emotions. keep learning and practice your emotions.
I'm ever trade on XAUUSD and crypto, the result is they are completely different and IMO, crypto movement is unpredictable.
I'm usually able control myself when I trade on XAU and as the result, I'm on profit $ 27 and yes, emotion play the main role.
But it's difficult to implement on crypto so that's why I'm prefer to hold rather to trade !
I'm usually able control myself when I trade on XAU and as the result, I'm on profit $ 27 and yes, emotion play the main role.
But it's difficult to implement on crypto so that's why I'm prefer to hold rather to trade !
trading with emotional conditions that you cannot control will make the results you get will not be maximal even you can lose because when you are emotional you will be easily affected and very sensitive, so it's best when you trade you must be able to control your patience and must can stay calm and don't use angry emotions.
The crypto price itself is composed of people emotions. You can see how people make panic by looking into the candle stick.
emotions comes in many ways if trade is in loss our mind will be like money can't be made in market this is gambling
if trade is in profit we feel like there is no easier job in world we can make ton of money
if trade is in profit we feel like there is no easier job in world we can make ton of money
I think trading mostly depends on emotions if your trade-in loss your emotions are so sad and in another side if you trade is in profit then emotions feel good but I think the main thing is to control the emotion is a tough situation and handle a headache with patience,
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