Do you trade based off emotions? - page 4.

mordekaiser

full member

Activity: 182

Merit: 100

Quote from: HydroThunder on September 30, 2015, 01:11:51 AM

To the poll; have emotions influenced your trading decisons before? I'm curious to see how many if us have fallen for our own mind games. Do not look at it from the lens of now. But think back to the time and try and figure out if it was an panicked choice, or a logical one.

Did you sell while the prices were falling from the ATL because of panic? Did you buy LTC at 30 dollars? Try and differentiate between sound choices and pure emotional speculation. This may be a good thread for people to reflect and see if they are making their trades wisely or not. Although someone's best logical choices might be worse than someone's best emotional choices.

I would, most of the time my instincts are right and I just have to follow it whenever I do something.

1Referee

legendary

Activity: 2170

Merit: 1427

Nope. I simply look at the market and whether it is the right time to buy or sell. Before Bitcoin trading I have used to trade stocks and there I have done a few trades where my emotions got the best of me.

That's how I know that I won't make the same mistake with Bitcoin. It's a matter of experience that's helping you not to make rookie mistakes.

Shiver

sr. member

Activity: 248

Merit: 252

I don't trade BTC purely because I don't know I could trust an exchange to keep viable if using a large chunk of money.

About 20 years ago I was an amateur Commodity trader (not a successful one), and emotion got me everytime. I could be cold and logical with paper trading and kept logs of the trades, but in live trades I couldn't hack it - kept second guessing myself.

If I knew a place to trust for holding money while waiting for the next inter-day trade then I might have a dabble, as I've watched my cold storage value swing wildly without batting an eyelid. I don't really want the cash, but would be interested in switching in and out of Gold/BTC to park it when not in use.

Miss Fortune

full member

Activity: 224

Merit: 100

Quote from: HydroThunder on September 30, 2015, 01:11:51 AM

To the poll; have emotions influenced your trading decisons before? I'm curious to see how many if us have fallen for our own mind games. Do not look at it from the lens of now. But think back to the time and try and figure out if it was an panicked choice, or a logical one.

Did you sell while the prices were falling from the ATL because of panic? Did you buy LTC at 30 dollars? Try and differentiate between sound choices and pure emotional speculation. This may be a good thread for people to reflect and see if they are making their trades wisely or not. Although someone's best logical choices might be worse than someone's best emotional choices.

When I feel that it might be good i thin i would follow my intuitions and invest.

boopy265420

legendary

Activity: 1876

Merit: 1005

I have traded whenever I was needed money I sold without caring the trend of market.If I think well may be at start I took one or two traded which were truly based on emotions.I have my plan to hold on long term for big prices to reach.

XCASH

legendary

Activity: 929

Merit: 1000

Quote from: Mickeyb on September 30, 2015, 07:14:26 AM

Everybody trade with emotions, no exceptions. It made me lose a lot of money when I used to trade. It just what it us, I am a human not a machine. Nothing I can do here and thats why I have stopped trading probably.

For example, I just sold all of my ethers 2 days ago, but that was not trading on the emotions because price has fallen even though I was very emotional (pissed as hell). I just don't see this project as serious no more.

A few times I dumped Bitcoins based on emotions and saved myself from losing money because Bitcoin continued crashing like ether did yesterday. Apart from that I mostly lost money by trading based on emotions. Greed and fear got the better of me, and I held at the top and sold at the bottom. They say Making money through trading in a bear market must be much harder than money through trading in a bull market. I might wait until the next bull market starts before I try seriously trading again.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Everybody trade with emotions, no exceptions. It made me lose a lot of money when I used to trade. It just what it us, I am a human not a machine. Nothing I can do here and thats why I have stopped trading probably.

For example, I just sold all of my ethers 2 days ago, but that was not trading on the emotions because price has fallen even though I was very emotional (pissed as hell). I just don't see this project as serious no more.

medUSA

legendary

Activity: 952

Merit: 1003

--Signature Designs-- http://bit.ly/1Pjbx77

Emotions always plays a part in every trade. The experienced traders learn to suppress emotions and base decisions on charts, signals and market developments. Some people just can't be traders because they are too emotional, and some are born successful because of his personal traits.

futurebit640

hero member

Activity: 910

Merit: 1000

I think most of the traders experienced the downside of emotions – panicking and closing out a trade at the worst possible moment and being too greedy and taking on an excessive amount of risk. For these loses we have to blame our emotions, believing that they made or believe us to trade worse than we should.

randy8777

legendary

Activity: 896

Merit: 1000

at the very beginning i have used to do emotion based trades. they only weren't that successful. that's when you see that way of trading isn't helping me.

fearlesscat10

hero member

Activity: 686

Merit: 500

I've traded based on emotions before. Overall, I've lost roughly around $200 because of that and a previous gambling problem I had (I'm a lot better now) which was also heavily influenced by emotions.

Basically I've learned that it's a bad thing to mix money and emotions. 10/10 would not recommend.

I'm now just buying and holding until 2020 no matter what happens. Hopefully I'll somehow get a profit in the future.

maartenhaha

sr. member

Activity: 1456

Merit: 251

Quote from: ajrah on September 30, 2015, 04:13:53 AM

I base my trade on trending, I noticed that every weekend BTC-USD slows down, then it's starts to pick up start of the week, but its not always like that. But most of the time I rely on how I feel, if feel like it's not my day to earn BTC through trading then I don't. I don't like maps or graphs, that's not for me.

that's exactly how i look at it aswell

ajrah

sr. member

Activity: 350

Merit: 250

I base my trade on trending, I noticed that every weekend BTC-USD slows down, then it's starts to pick up start of the week, but its not always like that. But most of the time I rely on how I feel, if feel like it's not my day to earn BTC through trading then I don't. I don't like maps or graphs, that's not for me.

LMGTFY

hero member

Activity: 644

Merit: 502

Kind of.

At least, if I have a bad feeling about a possible trade I won't open a position. I'd rather miss an opportunity than lose actual money.

Once I've opened a position I'll already know what the possible outcomes are, and I'll have a plan for those outcomes, and I'll stick to the plan. I've learned the hard way that making up new plans on the fly is an easy way to lose money - I guess this would be trading off emotions, and it's not profitable! (Well, it's not profitable for me).

I guess emotions could cloud my judgement when I'm analysing and planning, though. That's difficult to avoid completely.

Amph

legendary

Activity: 3206

Merit: 1069

yeah and that's why i'm not particularly good at it, some time you stay hours analyzing and then the trend shift completely, and fuck you anyway so i just follow my feel

i believe that who is earning the real money, are the same who lead the market, casual dude can not really earn anything no matter how good he is

lemipawa

legendary

Activity: 1708

Merit: 1003

The way I trade is 60% based on observation and 40% based on gut feel
But some times it's the other way around 60% based on gut feel and 40% based on observation

MasterYii

full member

Activity: 210

Merit: 100

Quote from: HydroThunder on September 30, 2015, 01:11:51 AM

To the poll; have emotions influenced your trading decisons before? I'm curious to see how many if us have fallen for our own mind games. Do not look at it from the lens of now. But think back to the time and try and figure out if it was an panicked choice, or a logical one.

Did you sell while the prices were falling from the ATL because of panic? Did you buy LTC at 30 dollars? Try and differentiate between sound choices and pure emotional speculation. This may be a good thread for people to reflect and see if they are making their trades wisely or not. Although someone's best logical choices might be worse than someone's best emotional choices.

I would trade based on my observation and investigations if I can see that it is doing well I'm sure it can attract a lot of investors but if its not then it wont attract any investors, but I cant see the point of this trade based on emotions?

HydroThunder

member

Activity: 67

Merit: 10

To the poll; have emotions influenced your trading decisons before? I'm curious to see how many if us have fallen for our own mind games. Do not look at it from the lens of now. But think back to the time and try and figure out if it was an panicked choice, or a logical one.

Did you sell while the prices were falling from the ATL because of panic? Did you buy LTC at 30 dollars? Try and differentiate between sound choices and pure emotional speculation. This may be a good thread for people to reflect and see if they are making their trades wisely or not. Although someone's best logical choices might be worse than someone's best emotional choices.

Topic: Do you trade based off emotions? - page 4. (Read 3700 times)