Emotion and Trade? - page 8. | Bitcointalksearch.org

xSkylarx

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Quote from: MaterialMouse69 on March 08, 2023, 09:49:09 PM

Quote from: Sakanwa on March 01, 2023, 12:13:07 AM

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?

I guess if you can control your emotions and keep yourself calm in any situation which is good, then it gives you a good effect to have a wise decision to have a good call in trading. Then if you still loss a lot in trading or investing despite the fact that you can control your emotions? Maybe you lack a good timing and knowledge, you're already composed so there's something ain't right when you are trading. I myself can say that I might can't control sometimes my emotions especially when trading, but can still keep up since I know what I'm doing.

Losses are really part of trading, but those losses have reasons behind them, one of which is that you haven't controlled your emotions, so you trigger the trade even if your confirmation is not yet confirmed, which is why controlling your emotions is best, like having patience and not hastily triggering the trade, as well as being greedy, which leads to losses and mostly chasing back your losses, which means you trade beyond your capacity. If you have already strategy in trading your mostly enemy is your emotions which really needs to practice to control also.

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Quote from: Sakanwa on March 01, 2023, 12:13:07 AM

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?

I guess if you can control your emotions and keep yourself calm in any situation which is good, then it gives you a good effect to have a wise decision to have a good call in trading. Then if you still loss a lot in trading or investing despite the fact that you can control your emotions? Maybe you lack a good timing and knowledge, you're already composed so there's something ain't right when you are trading. I myself can say that I might can't control sometimes my emotions especially when trading, but can still keep up since I know what I'm doing.

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Quote from: Sakanwa on March 01, 2023, 12:13:07 AM

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?

If you are good in controlling your emotions and yet you still lose in your trades, then there must be something wrong on how you trade. Or you really don’t how to make a successful trade in the first place, and you keep on using strategies that are no longer working, that’s why you end up trading losing most often. If this is the case, then better shape up your trading knowledge and skills, and if you can’t still succeed in making your trades profitable, then maybe trading is not meant for you.

Mr.right85

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Quote from: xSkylarx on March 08, 2023, 06:47:05 AM

That is exactly what others thought, that trading is simple, like buying low and selling high, but it is not.

Even buying low and selling high isn't simple. It's only simple having to say it as a word of mouth but, when it comes to doing some actual investment as per buying low, most times we tend to speculate that, there would be yet another low or the dip haven't been reached yet. More so, the market is always that tricky, such that it seems your funds been put in the market was what it was wating for to drop some more and when it does, you find people wanting out. That's for those who managed to invest while others would keep waiting on the sideline until the market goes up again and don't get to dip no more for a long time.

Trading being the worst of it all as, you could be left clueless if your level of understanding about the market isn't top notch and your analysis don't yield results that could be trusting to the market.

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Emotions can strongly influence cryptocurrency trading decisions due to the volatile and unpredictable nature of the market. Managing emotions and making rational decisions based on market analysis and risk management strategies is crucial for successful cryptocurrency trading.

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Quote from: Sakanwa on March 01, 2023, 12:13:07 AM

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?

A working trading strategy is needed to remain as a trader if the previous strategy is on a consistent losing streaks or needed some modifications although there isn't any perfect trading strategy, the person should trade with some small of fund to test the preferred and modified strategy untill consistent in earning profit alternatively I would have prefer demo or stimulation of trade to perfect it but demo trading is different from Live trading, though some traders eventually started earning profit consistently after ensuring lot of losses after quitting to learn and acquire more knowledge and skills.

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Quote from: Sanitough on March 08, 2023, 05:00:50 AM

Quote from: mk4 on March 01, 2023, 01:24:41 AM

While emotional control is great, you can have top-tier emotional control over your trades but in the end you're still a bad a trader if you don't know how to trade in the first place.

Precisely. Emotional control is just one of those factors that could contribute to the success of trading. Even if you are able to manage your emotions, but the fact that trading is not meant for you, then you can’t be successful and become profitable in trading. That’s why a lot would want to trade for profits, but the moment they endure consistent losses, they end up quitting rather than learning and pursuing their trades.

Emotions are indeed one of the determinants of trading success, but emotions are a key factor that must be controlled considering that they hold the largest percentage in determining trading success, I think around 70%, the remaining 20% money management and 10% technical. therefore for those who fail consistently and finally choose to get out of trading, then their psychology has given up because of a bad experience

xSkylarx

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Quote from: Sanitough on March 08, 2023, 05:00:50 AM

Quote from: mk4 on March 01, 2023, 01:24:41 AM

While emotional control is great, you can have top-tier emotional control over your trades but in the end you're still a bad a trader if you don't know how to trade in the first place.

Precisely. Emotional control is just one of those factors that could contribute to the success of trading. Even if you are able to manage your emotions, but the fact that trading is not meant for you, then you can’t be successful and become profitable in trading. That’s why a lot would want to trade for profits, but the moment they endure consistent losses, they end up quitting rather than learning and pursuing their trades.

That is exactly what others thought, that trading is simple, like buying low and selling high, but it is not. That is why others just join in on the hype in trading because they thought it was easy, and when they see it and try it, they will quit. Also, others will try to hastily learn, like they want to finish the tutorial in just one night, and they will then try to trade with real balance and end up losing. Trading is not for all , it is only for those patient , consistent and have determination which means those who are just after profit and not into learning for sure they will quit.

Sanitough

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Quote from: mk4 on March 01, 2023, 01:24:41 AM

While emotional control is great, you can have top-tier emotional control over your trades but in the end you're still a bad a trader if you don't know how to trade in the first place.

Precisely. Emotional control is just one of those factors that could contribute to the success of trading. Even if you are able to manage your emotions, but the fact that trading is not meant for you, then you can’t be successful and become profitable in trading. That’s why a lot would want to trade for profits, but the moment they endure consistent losses, they end up quitting rather than learning and pursuing their trades.

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Quote from: Sakanwa on March 08, 2023, 01:50:45 AM

Quote from: naikturun on March 07, 2023, 11:22:17 AM

it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.

Is there any order way someone can have it trade with out lost and emotional struggle, because having dealt with your most people do make it too out of trade and never thought that emotion can even be for harm to there trade. I want to know if emotions can cause more of harm to our daily trading. Because I have spent my time trying to control everything about my emotions and still getting thing upsidedown why is it so?

I have never seen anyone trade without losing, professional traders have experienced thousands of losses before becoming professional traders. The best way I know is to experience the market for as long as possible, the longer you trade, the more lessons you learn and build your own skills. You cannot become a professional trader without losing. Trading is a lot more complicated than holding, even it can take you a few years to say no to profit just to gain experience, it is not as simple as many think. If you notice, the losers in the market are mostly traders, and very few long-term holders lose.

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Quote from: naikturun on March 07, 2023, 11:22:17 AM

it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.

Is there any order way someone can have it trade with out lost and emotional struggle, because having dealt with your most people do make it too out of trade and never thought that emotion can even be for harm to there trade. I want to know if emotions can cause more of harm to our daily trading. Because I have spent my time trying to control everything about my emotions and still getting thing upsidedown why is it so?

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Quote from: naikturun on March 07, 2023, 11:22:17 AM

it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.

It is crucial to be very honest about what can be expected out of our results as traders, since there is not a single trader out there which has not experimented big losses when they trade.

However those that knew from the get go this could happen can accept it, move on and when they open a new position they have simply forgot about what happened already, but a bad trader does not forget, and instead they try to get back the money they have lost, an attitude that exposes them to great danger as it likely they will open trades when the conditions are not there to make any profits and their losses as a result of this attitude will increase even further.

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Quote from: naikturun on March 07, 2023, 11:22:17 AM

it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.

I have seen a lot of people who lose money by trading, they often get hotheaded, when they want to trade again, they lose all their money. Or they face a lot of problems, so when they trade and lose, they cool down. You have to prepare to trade again in time. If you trade with wrong decision, then you will never be able to profit. If you keep a cool head and then trade, you will be able to profit, otherwise you will lose money.

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Quote from: naikturun on March 07, 2023, 11:22:17 AM

it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.

feel that what has been done is carelessness and immediately want to fix it so that they can return the funds that have been lost, of course this can make the actions taken can make the situation more difficult. because every thing that will be done should also be calculated carefully and full of calculations. sometimes it's true that the emotion of losing because of carelessness will repeat the same thing again. but if you want to calm down first and correct it then there will be a way out.

You are very lucky to have experienced this, of course it will make you understand a situation like that better and will not do it again.
the experience that has been carried out will actually bring each individual to continue to improve themselves so that this does not happen again so that they can carry themselves more wisely and not be emotional.

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it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.

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Quote

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?

Trading is a place where the market is always going up and down.Often traders do not exit the market when they are in profit and think of more profit which leads to them going into loss.This is the rule of trading Whenever you get a profit in trading, you should book the profit immediately because if you don't book the profit, the market will book your profit itself.And traders who do not book profits from the market despite being in profit, you can call them greedy traders.Such traders should not trade with all their capital but should keep half of their capital to buy more in case of loss.And minimize their loss limit.

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Quote from: Rabata on March 05, 2023, 12:26:17 PM

The term trading is short but its boundaries are endless. There is no way to call it easy. You cannot become a successful trader by simply buying and selling. For this one has to acquire proper knowledge. A trader must think deeply about a few things in particular. Risk factors, greediness and emotion control. Most of the traders are losing their money even after making good profits due to lack of emotion control. Moreover, controlling greed is another big reason for success in trading. Those who can manage trading with a good understanding of these issues are expected to be successful.

And definitely agree with that. A thing that we don't need to underestimate trading because there are a lot of factors that could affect our trades and even cause losses. I don't say we need to become emotionless but at least we have to control it once needed. Greed and being emotional, it is quite normal to us but we at least know our limitations as well and also we know how to differentiate between what is right and what is wrong. And the best thing to do is to seek advice from other traders when a crisis comes and ask for some opinions.

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Quote from: |MINER| on March 05, 2023, 02:11:43 PM

Everything from acquiring knowledge of trading to taking trades and closing trades falls within emotions. However, I think that no matter how experienced or good a trader is, the primary responsibility is to control emotions. If they could not control emotions, they would not be in this position today. I remember during the Luna incident when the price of Luna came down to a few cents, me and my friends couldn't control our emotions and invested huge sums of money and had huge burdens.

Basic market knowledge is necessary, but you shouldn't rush or force your decision because the market is highly volatile. It doesn't matter if the crowd is investing in a project that you believe will fail and the crowd is betting that it will succeed because they believe it will be solid; you leave it. I never once risk my money in trading because of my emotions. Leave the trends behind and pay attention to price movements instead; this helps to cut down on market losses significantly. About Luna, it was really a huge loss for investors and holders, but I got enormous gains from it with appropriate timing on Terra Luna, but some of my friends made it out with profits while others recorded losses.

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I think all we have said about emotions to trading is a very good one so I guess I will say emotions should be dealt with before trading as a beginner and I prays it help some of the beginners that has love for trading.

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Quote from: Sakanwa on March 01, 2023, 12:13:07 AM

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?

Do you know what guide a trader after emotion control? it is a risk management, there is nothing in trading that is self fulfiling like when you prepare for risk in your trade, it helps you easily accept the outcome of your trades either profit or loss but most traders do fail to take that aspect into consideration before their trading journey. Another advice I have for new traders is that they should not take or accept signal from strangers, they are mostly misleading and do the opposite of what you may expect, nothing is assured in trading until you see the outcome.

Topic: Emotion and Trade? - page 8. (Read 1555 times)