If you are trading with emotions then you can face loss as it's hard to make decisions in these cases which is why it's advisable set aside your emotional behaviour while trading.You need to control it which you will learn with experience over time like sometimes it's hard but if you have knowledge and skills then you can handle situations well in comparison to some emotional trader who get excited or panicked easily.
We must learn how to control the emotions that will arise when we trade so that whatever circumstances we experience in trading will not trigger excessive emotions. In addition, by learning to control our emotions, we can calmly analyze the market and find ways to adapt to the moving market. We can also determine what attitude we should take about the market so that we will not rush to enter the market if our analysis is not finished. With increasing trading experience, it helps us to improve our analytical skills and if accompanied by calmness in analysis, it will give different results than before. 
Topic: Emotion and Trade? - page 11. (Read 1555 times)
If you are trading with emotions then you can face loss as it's hard to make decisions in these cases which is why it's advisable set aside your emotional behaviour while trading.You need to control it which you will learn with experience over time like sometimes it's hard but if you have knowledge and skills then you can handle situations well in comparison to some emotional trader who get excited or panicked easily.
in this case I suspect a lack of patience within such trader.
traders who are quite able to control their emotions in trading, I'm sure are not beginners who will panic when they see trades that are not according to plan.the patience you mean is also part of emotional control. trading will rely more on skill and experience. and the more experienced a trader is, the colder he will be when planning his trades.
just believe, when we have tried in the trading we do. then whatever the actual result we will not always get what we want. Losses will come, but they won't be continuous.
I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
*What else is required for such a person to control,is it still his or her emotions or what next?
If as a trader you're sure of being in charge of your emotions having in place the needed trading skills to at least be able to afford you some good profits buy yet nothing forth coming then in this case I suspect a lack of patience within such trader. If you're sure of your analysis before initiating a trade then a multiple days or week of delay from seeing any fruition as earlier expected shouldn't make the trader cut out of the trade. There are times in my early trading stage that I have had to cut out of a trade because it wasn't giving me what I earlier hoped for, but about a few days after cutting off the trade that's I discover the trade starting to go as I earlier hoped but I was already out of the trade. Of which if I had given it a little more patience *What else is required for such a person to control,is it still his or her emotions or what next?
Well am using the idea of my previous app Deriv go in this trading app most times get to try the tambling trade but fails so many times and I guess I will say emotional state is not really necessary because of the way the candles stick are been cut down and zoom up again without you noticing when it it go either up or down, so in such trade what should your emotions do then and after.
I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
*What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Traders who have the right knowledge about trading will be able to control their emotions because knowledge is not obtained just by reading but through practice and in practice traders will know what to do so that it doesn't involve too much emotion because all actions are carried out with logic not feelings. So learn to trade properly and if you still experience more losses than profits then trading may not be suitable for you.*What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
*What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Trading like in most cases is a sum of different skills, to have control over your emotions is a must but it is not the only skill you need.*What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
You also need to study the markets and develop a deep understanding about how they move or making money will be impossible for you, and finally you need money management skills as not only you need to know how to earn money, you also need to know how to preserve it, a key skill when the market takes a negative turn and you have to protect your capital at all costs.
I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
*What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Traders who have the right knowledge about trading will be able to control their emotions because knowledge is not obtained just by reading but through practice and in practice traders will know what to do so that it doesn't involve too much emotion because all actions are carried out with logic not feelings. So learn to trade properly and if you still experience more losses than profits then trading may not be suitable for you. *What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
the first advice is to leave trading in advance for some time. maybe too stressful and frustrating to see trades that always lose.
then when it's ready, I think those who experience something like that need some additional knowledge related to trading. everything is always evolving, including knowledge and skills that can always be upgraded.
after all the efforts that have been made and he feels he is still getting losses, I think it's better to stop trading and try to invest. sometimes there are people who are not cut out for trading but are very lucky at investing.
then when it's ready, I think those who experience something like that need some additional knowledge related to trading. everything is always evolving, including knowledge and skills that can always be upgraded.
after all the efforts that have been made and he feels he is still getting losses, I think it's better to stop trading and try to invest. sometimes there are people who are not cut out for trading but are very lucky at investing.
I guess consistency is more important, and one must not quit trading despite losses. Of course, we must reconsider the strategy we are adopting or may reduce the volume of our capital. But quitting trading won't help you and losses are integral part of crypto trading. Do you know any trader who has not faced loses in his career? So try to bear loses and improve your strategy accordingly.
Emotion consumes a lot in decision making and that's an essential thing to be controlled by a trader. And a trader that can't control his emotion is bound to lose everything he's got.
That's for sure and that's why if you're dreaming of becoming a day trader, you need to set your boundaries and control what has to be controlled in emotion and as well as in your financial decision making. All of it has to be taken care of based on how you perceive trading because not everyone can easily control themselves without looking at what shall be controlled and that's why acknowledging first that you've got some fault that needs to have a solution is the first thing you need to achieve. It's a step by step procedure.
That's for sure and that's why if you're dreaming of becoming a day trader, you need to set your boundaries and control what has to be controlled in emotion and as well as in your financial decision making. All of it has to be taken care of based on how you perceive trading because not everyone can easily control themselves without looking at what shall be controlled and that's why acknowledging first that you've got some fault that needs to have a solution is the first thing you need to achieve. It's a step by step procedure.
I guess with all the advice and help I will learn on how to control my emotions and have my mindset on the candles on my trading making and do more focus on the analysing my market system.
Learn from your mistakes and this would really be the key on making yourself way more enhanced and improved in towards your trading activity.You cant just sit down and expect to make profitsall the way.There's soo much things that you would really be encountering along the way and you cant really just rush up on being that profitable trader yet lots of things which you do need
to adjust on. Emotion could really alter out your plans if you arent that good on controlling yourself in towards to this and you should really be that careful
and be mindful in towards your actions.
I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
To be honest that controlling emotion is one of the keys to being more successful in crypto trading, especially daily trades or future trades. Because here, the market will really make our emotions up and down, with high volatility, we may lose so easily and also win.if we are able to control our emotions, we maybe wiser enough and more careful in deciding the right strategy to do with the current market condition. This will really influence how we take the decision without panic situation.
I guess with all the advice and help I will learn on how to control my emotions and have my mindset on the candles on my trading making and do more focus on the analysing my market system.
*What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
I suggest to keep on learning, don’t skip the process of knowing every indicators and while on the process you have to create your own strategy so when you do the actual trading, you can’t be more emotional because you trade with your plan and strategy,
What is tested in trading besides our emotions, patience and mentality is influenced by our own decisions, and remember that it is all of us who decide to take and close positions both profit and loss.
and my advice is to use a demo account first, besides learning to trade well you can also recognize your character when trading to be able to adapt and also learn to control your emotions and improve your weaknesses. And also increase your knowledge in the world of trading, trading is not easy so it's best to learn as a whole and also know yourself which will make you a profitable trader.
Sometimes we get greedy when our trades are profitable and we are too hasty to close our trades when we are losing. Mentality is really needed in situations like this, we can't decide because we only see what happens in our trading market, but we also have to have reasons to cover losses or take profits. The main mentality is when the market is not on our side, we have to really take it into account, that's why we are advised to place a stop loss. That's because our financial management must be neatly arranged, so it doesn't make us lose even more later. and my advice is to use a demo account first, besides learning to trade well you can also recognize your character when trading to be able to adapt and also learn to control your emotions and improve your weaknesses. And also increase your knowledge in the world of trading, trading is not easy so it's best to learn as a whole and also know yourself which will make you a profitable trader.
I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
*What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
- When it comes to trading then controlling emotion is really that crucial since this would be the main thing that could possibly alter out your decisions for whatever positions you would be making.*What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
This is why it is really that important on how you would be able to control it out, though it would really be acquired to real experience and dealings within the market.
-Let your emotion sit aside on the time that you do make out some trades.Im aint saying that you should really be that numb but it should be and sticking out with your
plans earlier.You cant really just alter it out just because you are afraid.
One thing that a person needs to realize so that he can control himself is that he can't hurry things to happen. There is indeed the need for a person to be patient otherwise he will tend to go to the futures market unprepared.
One good piece of advice is to watch the news like current war, global crisis, FED announcements, and crypto news as well especially halving which is important. You can never go wrong with what BTC will do after Halving.
I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
*What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Controlling your emotions while trading is totally a great one but that doesn't mean you're getting profit. You need to have more than the basics if you really wanted to profit, learning the best indicators that suits your style, researching, charting (don't just make it complicated) and other things. My advice is just keep learning and embrace losing, that's part of the process, you'll succeed in the end. *What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
What is tested in trading besides our emotions, patience and mentality is influenced by our own decisions, and remember that it is all of us who decide to take and close positions both profit and loss.
and my advice is to use a demo account first, besides learning to trade well you can also recognize your character when trading to be able to adapt and also learn to control your emotions and improve your weaknesses. And also increase your knowledge in the world of trading, trading is not easy so it's best to learn as a whole and also know yourself which will make you a profitable trader.
and my advice is to use a demo account first, besides learning to trade well you can also recognize your character when trading to be able to adapt and also learn to control your emotions and improve your weaknesses. And also increase your knowledge in the world of trading, trading is not easy so it's best to learn as a whole and also know yourself which will make you a profitable trader.
While emotional control is great, you can have top-tier emotional control over your trades but in the end, you're still a bad trader if you don't know how to trade in the first place.
Agree with you on that, first thing a trader should develop is knowing how to trade because that is the first and primary thing placed above emotional controls and all the other good features that make a good trader. -the first thing is to develop good trading skills and there after work on the level of emotional control and subduction.
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