I often get emotional while trading whether in bitcoins or forex. I trade on ecoin.eu, instaforex and roboforex and when sometimes I gain a lot of profit in just a week, it takes a month at times to get profit. Initially when I lost $40, I got a bit emotional and decided to stop trading but then I got addicted and kept losing even more. Now aftera lmsot a year I again started trading and am more practical while trading. I don't trade for profit but more for experience and my profit margin is very less. This makes me less worried about my loses and concentrate more on the trend and rates. Currently the trend is between $200 and $300 and hence I know how much I need to invest and when do I need to withdraw my profit.
That's actually quite common - people trade because they want to experience the thrill of winning.
The rule number one is that trading should never be done for fun.
If it's some fun you're looking for, you are better off going to the casino.
It's easy to say that trade an amount which you can afford to lose but when people lose, they either get depressed or they tend to invest a higher amount with the mind plan to gain not only more profit but also the amount they have lost. Since I have an experience with Stock market as well, I've seen many who don't try to be greedy initially but the streak of winning makes them lose not only what they have earned but also they are also affected mentally. It's better to trade to gain an experience rather than be emotionally attached to it which can be worse. It's not fun but when you don't get an amount you expected, accept it and move on rather than be stuck with your loss.
