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.
Topic: Emotion and Trade? - page 9. (Read 1555 times)
I guess for someone to call him or her self a trader you need to control your emotions right,
Nope. That's not how it should be viewed. For someone to call himself a trader he must be seen to have traded, made profit from that and then be able to withdraw and spend it in real life. That's the way I judge it. No one should term himself a trader if he hasn't been able to achieve all that.Quote
*What else is required for such a person to control,is it still his or her emotions or what next?
We can't jettison the importance of emotional control when it comes to trading. However, that's not all there's to trading. Learn the set skills for trading first. Add a mastery of money management and risk evaluation to it. Then bring in emotional control and you will have a perfect setup. 
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.
The first piece of advice is to take a break from trading. Perhaps it is too upsetting and irritating to watch losing transactions all the time.
then when it's ready, I believe folks that go through that need some further trading knowledge. Everything, including knowledge and abilities that can always be improved, is constantly growing.
I believe it's best to cease trading and try to invest if he feels he is still experiencing losses despite all the efforts that have been done. Some people are not suited for trading yet are extremely successful investors.
then when it's ready, I believe folks that go through that need some further trading knowledge. Everything, including knowledge and abilities that can always be improved, is constantly growing.
I believe it's best to cease trading and try to invest if he feels he is still experiencing losses despite all the efforts that have been done. Some people are not suited for trading yet are extremely successful investors.
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.
Exactly. You can be a good trader if you can manage to control your own emotions when trading, but controlling emotions alone will never guarantee the success of trading. You have to know and understand how to be successful in trading, and that will only be achieved if you have the knowledge and experience, developed skills and working strategies, and of course emotions control when you start trading.And remember that becoming a pro trader takes time and it's not easy but when we can become a pro trader, we will also enjoy the results. So keep learning to trade well and don't give up.
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.
Exactly. You can be a good trader if you can manage to control your own emotions when trading, but controlling emotions alone will never guarantee the success of trading. You have to know and understand how to be successful in trading, and that will only be achieved if you have the knowledge and experience, developed skills and working strategies, and of course emotions control when you start trading.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.
Exactly. You can be a good trader if you can manage to control your own emotions when trading, but controlling emotions alone will never guarantee the success of trading. You have to know and understand how to be successful in trading, and that will only be achieved if you have the knowledge and experience, developed skills and working strategies, and of course emotions control when you start trading. 
As for the type of trader who struggles to make a profit despite having their emotions under control and basic trading skills, they could be called an unprofitable trader. My advice to such a person would be to seek out additional education and training in trading, work with a mentor or coach, and continue to refine their trading approach until they find a strategy that works for them. It's important to remember that trading is a learning process, and there will always be ups and downs along the way.
It is really that understandable because even if you do able to control up your emotions but still it wont really be that a guarantee that you would really be able to have that positive result towards trading.Although it wont really be that assurance because there are really that still other factors which are needed not only emotion handling could really result up into positive.
This is why it would really be that involving that trial and error which would be commonly the path you would be taking because there's no other choice you would really be able
to do if you do want to sustain up then you should really need to adjust no matter what.This isnt something simple that you could really deal with. Lots of things you do need to consider out.
As for the type of trader who struggles to make a profit despite having their emotions under control and basic trading skills, they could be called an unprofitable trader. My advice to such a person would be to seek out additional education and training in trading, work with a mentor or coach, and continue to refine their trading approach until they find a strategy that works for them. It's important to remember that trading is a learning process, and there will always be ups and downs along the way.
^ That is it, it is important to acknowledge that emotions and basic trading skills are just a small piece of the puzzle when it comes to profitable trading. There are many other factors that can contribute to success, including market knowledge, risk management, and discipline. Continuously learning and expanding one's knowledge is crucial for staying up to date with the latest trends and strategies in the market. Working with a mentor or coach can also provide valuable insights and guidance, helping traders to identify their strengths and weaknesses and develop a personalized trading plan. Because for me, there will inevitably be setbacks and losses along the way, but with persistence and dedication, traders can refine their approach and find a strategy that works for them. It takes time and effort, but the rewards of successful trading are well worth it.
As for the type of trader who struggles to make a profit despite having their emotions under control and basic trading skills, they could be called an unprofitable trader. My advice to such a person would be to seek out additional education and training in trading, work with a mentor or coach, and continue to refine their trading approach until they find a strategy that works for them. It's important to remember that trading is a learning process, and there will always be ups and downs along the way.
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.
Did you create that trading application? And maybe it asks you some questions depending on your mood and then give you a trading style after. Still, trading based on emotion is a bad idea. It was like where are playing a gambling if we do this. Now I don't wonder anymore on why your app has that "tambling trade" thing/term. It's my first time to hear such term in a trading application but maybe what they are trying to imply there is "gambling". A much better way to trade is still when we analyze the market or the charts carefully. We can also read the news and take note of what event is coming up as they could surely affect the market.
Emotion, fear, greed, strategies, risk management, how to trade basics. You need all under control in order to become a good trader. But emotion control in the first thing to learn after you enter the trading.
All the things mention above needs to be done as well. Because without one, you can't fill the others. There has to be a balance between all of them. There are lots of other things to discuss as well, but as a beginner, you can start from this and learn your way as you go.
As a trader, you should always be willing to learn and adapt. The market is constantly changing, and what works today may not work tomorrow. By staying informed and by continuing to learning, you can improve your chances of success over the long run.
All the things mention above needs to be done as well. Because without one, you can't fill the others. There has to be a balance between all of them. There are lots of other things to discuss as well, but as a beginner, you can start from this and learn your way as you go.
As a trader, you should always be willing to learn and adapt. The market is constantly changing, and what works today may not work tomorrow. By staying informed and by continuing to learning, you can improve your chances of success over the long run.
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 emotions will lead you to take right decisions so if you managed to control it then applying the required strategy is important and if it is not is going in the way you wanted then try to pull back and be patient until you feel the right time arrives.*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?
Making profits is the ultimate goal of a trader so keep looking for it at every situation and when you see it don't hesitate to grab it or you may regret about it later.
*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?
It is not about emotional control only. Controlling one's emotions in trading is secondary. There are first things first that you need to do before saying about emotional control and those things are;
- You must learn and understand how to trade. This is because emotions do not trade. You must understand the movement of the chart before you talk about emotion control.
- You should be able to understand when to trade and when not to trade. When to pause a particular trade and when to continue. Apart from emotion control, timing is of great essence
- The patience and risk management can come to play because these two are important for a trader.
If your emotions are under control, you can now focus solely on knowledge and improving your strategy to increase your trading winning percentage and find those trades that go your way, much like you can now filter out more of those tempting trades to find a sure one. I know controlling emotions is difficult, and other traders are also learning this because their trading plan isn't working well. But if you are under control, then you can only focus on backtesting your strategy and learning more.
Controlling emotions are difficult to a certain degree, but if after many months of trying, you can't still control your emotions, maybe the problem is not your emotions but who you are as a person. I believe that trading is "easy" in the sense that you could of course make a loss, even the best traders make a loss here and there, but what you need to do is obvious.If you do what you should be doing, then it's fine to lose sometimes. Learning what you should be doing and how you should be trading is not really that much of a difficult thing, and that is why I believe that we shouldn't be worried about the current situation at all, just focus on everything else.
*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 imagine that in trading activities, you don't always experience losses. Emotion is a natural element that we have in doing activities. Actually, we can't control it, but the negative whispers that make emotions sometimes turn into greed in trading.Another thing that may be needed is the ability to read market conditions and the potential of a coin to be purchased.
For some reason lately I am no longer interested in trading.
If your emotions are under control, you can now focus solely on knowledge and improving your strategy to increase your trading winning percentage and find those trades that go your way, much like you can now filter out more of those tempting trades to find a sure one. I know controlling emotions is difficult, and other traders are also learning this because their trading plan isn't working well. But if you are under control, then you can only focus on backtesting your strategy and learning more.
Controlling emotions are difficult to a certain degree, but if after many months of trying, you can't still control your emotions, maybe the problem is not your emotions but who you are as a person. I believe that trading is "easy" in the sense that you could of course make a loss, even the best traders make a loss here and there, but what you need to do is obvious.If you do what you should be doing, then it's fine to lose sometimes. Learning what you should be doing and how you should be trading is not really that much of a difficult thing, and that is why I believe that we shouldn't be worried about the current situation at all, just focus on everything else.
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?
Emotions are one of the factors that ultimately make us lose money when trading, but just being able to control our emotions doesn't mean we are recognized as good traders because basically for trading we have to be able to master all the basic knowledge well, such as being able to make strategies wisely and can make the right decisions about our trades when market movements do not go according to the initial strategy we made when entering the market so as not to lose.*What else is required for such a person to control,is it still his or her emotions or what next?
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?
*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 your emotions are under control, you can now focus solely on knowledge and improving your strategy to increase your trading winning percentage and find those trades that go your way, much like you can now filter out more of those tempting trades to find a sure one. I know controlling emotions is difficult, and other traders are also learning this because their trading plan isn't working well. But if you are under control, then you can only focus on backtesting your strategy and learning more.
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?
Emotions are one of the factors that ultimately make us lose money when trading, but just being able to control our emotions doesn't mean we are recognized as good traders because basically for trading we have to be able to master all the basic knowledge well, such as being able to make strategies wisely and can make the right decisions about our trades when market movements do not go according to the initial strategy we made when entering the market so as not to lose. *What else is required for such a person to control,is it still his or her emotions or what next?
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