You need to know what you are trading, what direction you want to be trading in, where you would buy and sell and where you would get out at a loss or a profit. You need to know all of this before the market opens and before you take your trade.
If you start to analyse where to get out at a loss or a profit when you are already in the trade then you can only make an emotional decision based on how much money you are up by or down by.
Write down your trading plan, like a business plan and every day, or week, you should be reflecting on how well you executed your plan. Not how much money you made or lost
Topic: Emotional day trading - page 13. (Read 2256 times)
Crypto trading and skills involved in trading crypto and fiat are far bigger than your emotions. When you do a single more trade than you actually planned to do you begin to plunge into the big abyss of losses. It's advisable to follow your target set for a particular day and not letting your emotions give you away.
Daily trading is not my thing and it's not part of me, I am emotional person and can't withstand the emotions that involves day trading, I only do medium and short term trade but not day trading.
if I think daily trading requires a lot of skill to get better profit to get bigger profit, but if we can not overcome the emotion that we have, then I suggest to do daily trading. So holding long term is a good way to generate a better profit for our future.
I like day trading. It is all about how far you allow yourself to go))) if you are able to stop at the right moment, you can make a fortune. Trading is about the balance between greediness and sanity, and day trading is the most dangerous kind of trading.
The one thing that you should never do as a crypto investor is to let your emotions control the way that you trade your coins. Sorry that you had to find it out the hard way OP, I did too. Glad that you put this on here, hopefully the people that are reading through will learn from this. In this market, your emotions are the enemies of your profit.
Everyone who wants to profit in crypto must study to manage their emotions. It is necessary to react clearly and not allow emotions to take over you. 
The one thing that you should never do as a crypto investor is to let your emotions control the way that you trade your coins. Sorry that you had to find it out the hard way OP, I did too. Glad that you put this on here, hopefully the people that are reading through will learn from this. In this market, your emotions are the enemies of your profit.
Do not do emotional day trading.
I have lost nearly 1500$ over one night. we think this is the best coin for day trading seeing only the chart increment percentage. then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
it looks like trading has something to do with the casino effect, and we all know that unless you keep your head cool in that area you can easily lost everything I have lost nearly 1500$ over one night. we think this is the best coin for day trading seeing only the chart increment percentage. then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
Trading require good psychology because market movement very risk. I think its very high risk when we make trade with emotion. Always make analysis before make trade, it will bring profits
Sometimes the mood also makes our trading that will determine. initial mood when we start and when we are trading. where when at the beginning we have no mood plus factor analysis that is less convincing will be a little risky actually,it is better to avoid such situations for trading
It is very important not to be greedy, for this reason, and you get a loss!
Do not do emotional day trading.
I have lost nearly 1500$ over one night. we think this is the best coin for day trading seeing only the chart increment percentage. then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
You learn trading the hard way. Sad to say that you don't even bother to do your own research but even if you do a research it is still not guarantee that you will get a profit. Well at least you lessen the risk of getting lost if you do the research. I have lost nearly 1500$ over one night. we think this is the best coin for day trading seeing only the chart increment percentage. then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
Do not do emotional day trading.
I have lost nearly 1500$ over one night. we think this is the best coin for day trading seeing only the chart increment percentage. then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
I have lost nearly 1500$ over one night. we think this is the best coin for day trading seeing only the chart increment percentage. then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
That's a lot of money. And I feel sorry for you. And I agree with what you're saying. I have only lost around $300 before in one day. I got depressed for quite a bit because I was still more stupid that time lol. Now I always research first before doing anything or joining anything. Especially when money is involved
Well even doing research doesn't guarantee a successful trade so you really have to leave your emotions behind. It's the same with gambling and any other ventures that concerns money. What you have to do is to be firm and have a goal.
Indeed it feels when doing day trading certainly hooked is easy. How not, prices can change at any time, even in a short time. And conditions of the sale and purchase on the market goes on. Even when prices drop drastically, it could be a lot of people suddenly sell their coins. And here started there emotions, fear and panic sell frequently so that it occurs because of this.
Do not do emotional day trading.
I have lost nearly 1500$ over one night. we think this is the best coin for day trading seeing only the chart increment percentage. then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
I have lost nearly 1500$ over one night. we think this is the best coin for day trading seeing only the chart increment percentage. then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
That's a lot of money. And I feel sorry for you. And I agree with what you're saying. I have only lost around $300 before in one day. I got depressed for quite a bit because I was still more stupid that time lol. Now I always research first before doing anything or joining anything. Especially when money is involved
Yep pretty solid advice. There is one testament rule when investing in a high risk market such as the crypto market, you have to keep your emotions aside. Also, without empirical or statistical research backing the trading move you want to go ahead with, you should not go forward with it. The crypto market is far too volatile and it's always a challenge to stay risk-averse. So, only invest when your mind is peaceful, calm and calculating. One wrong move and you will lose it all.
Day trading is not for everyone to profit, most people have no way to judge whether it will increase or decrease in the next second, so don't be impulsive and feel uncomfortable for your loss. I hope that you will not be so emotional next time.
Emotional trading is one on the main reasons I'm interested in crypto world.
I was a bad trader in classic markets and loose there all I allowed myself to loose... so I gave up and started to learn about cryptos.
I promised myself to stop daytrading... and I respect it
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Furthermore, I don't invest fiat anymore; I only invest time, converted in alts via bounty campaigns.
I was a bad trader in classic markets and loose there all I allowed myself to loose... so I gave up and started to learn about cryptos.
I promised myself to stop daytrading... and I respect it
.Furthermore, I don't invest fiat anymore; I only invest time, converted in alts via bounty campaigns.
Do not do emotional day trading.
I have lost nearly 1500$ over one night. we think this is the best coin for day trading seeing only the chart increment percentage. then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
I have lost nearly 1500$ over one night. we think this is the best coin for day trading seeing only the chart increment percentage. then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
Yes, I had everything the same at the beginning. But knowledge is better acquired after you lose money. I started trading without emotion only after I lost almost all of my deposit. Just on this all warn that you need to start with a small amount, because most likely you will lose it.
Trading require good psychology because market movement very risk. I think its very high risk when we make trade with emotion. Always make analysis before make trade, it will bring profits
I started to trade not long ago and there is some kind of panic in me whenever i am doing my daily trading. There was one day i lost over $100 and i nearly relinquish the trading system.
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