Emotional day trading - page 17. | Bitcointalksearch.org

Johnzky

member

Activity: 616

Merit: 30

Quote from: udayantha11 on July 05, 2018, 09:01:45 PM

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.

Thats it,never involved your emotions when trying to trade because this will be a hindrance for gaining,and this will bring losses if this came while working for trade

If you're trading make sure that the focus is on profit not on losing so bring your patience when doing such and stop the tears even that the coins you bought are dropping drastically

allthebitandbobs

sr. member

Activity: 1162

Merit: 252

day trading is to dangerous now .Especially in a bearmarket competing with bots and whales .

SeXy

full member

Activity: 364

Merit: 100

Emotional trading testament lone charge you boodle. I confirm the aforesaid change as you. So if it's date trading or long-term concern, we confirm to control our behavior, and lone a choice attitude cause us more profitable.

DavidBolster

newbie

Activity: 73

Merit: 0

I feel sorry for you mainly this market is fully unpredictable based on this the price of the market is down also those price are fluctuating too much also many people loss their money but all we need that is patience it’s the only key to success because few days later this price will increase.

annasadia

newbie

Activity: 196

Merit: 0

If emotions come at the time of trading crypto you should overcome it as soon as possible. Because there is no space for emotion in the crypto market.

Herbert2020

legendary

Activity: 1946

Merit: 1137

you shouldn't report the "amount" you lose but instead the "percentage" that you lose because saying you lost $1500 doesn't mean anything. you may have been trading with $1600 and lost $1500 of it or you may have been trading with $15000000 and lost $1500 of it. there is a big difference between these two! the first one shows you are not a trader but a gambler who lost money and the second one shows that you had a small loss which is a normal thing in trading.

anyways, in case of day trading like any other form of trading you have to know what you are doing. the choices are just as important as any other trade you make. and in case of day trading you should be on top of your orders not set and go away. you should know what to do when the market turns against you, how to handle it, when to handle it (aka when to sell when to wait and when to buy). most people do it randomly like they are gambling and call that "day trading"!!!

rabia_laskor

newbie

Activity: 168

Merit: 0

That is really sad. For this, I avoid this charts. Most of them have no valid references and just make a chart which can be wrong and lead many to take wrong decisions. I am sorry for your loss.

metalice

newbie

Activity: 99

Merit: 0

I used day trading - I lost a lot of money. Now I make 1-2 transactions a month and earn more. In trading you can not be nervous

manish9841

newbie

Activity: 154

Merit: 0

Unless you are some sort of experienced veteran day to day trading, then you are prone to loose money. Need to hold emotional intelligence and act diligently.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: udayantha11 on July 05, 2018, 09:01:45 PM

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's part of the trading journey so I don't see any wrong with that. It will be wrong if after experiencing lots of mistakes, still a trader didn't learned.

There are even people who losses more than that in just a matter of short time. What matters here, in every mistakes, you are learning something out of it so that you will avoid such scenario in your future trade.

Just move forward and trust your own strategy.

bellamente

member

Activity: 420

Merit: 10

Emotions and trade in cryptocurrency are incompatible things.
For trade, you need a cold head and experience. You need to read the latest news to understand the market of cryptocurrency

the13thsymphony

jr. member

Activity: 297

Merit: 1

Day trading will always consist of wins and loses and if you get your emotions evolve to it then you will surely loss all your money. Day trading requires calculated risks and following specific rules and if you cannot follow it then you should not do day trading at all as you will only loss and in every trade that you do.

X-ray

hero member

Activity: 3094

Merit: 537

Leading Crypto Sports Betting & Casino Platform

Quote from: jamesbtcearn on July 08, 2018, 05:20:46 AM

There are chances that the market will recover from the dip by the end of this year according to the analytics. We need to be patient and hold on to our coins, wait and see the market to hit a bull run. Being hasty will cause more loss for the people.

The market has been trying to recover from the dip or bottom. But i guess that needs a lot of effort to create FOMO to the crypto market. the time will come very soon. A little bullish signal has already appeared in the bitcoin chart and i will believe we will see another bullish trend again in the next month.

jamesbtcearn

newbie

Activity: 308

Merit: 0

There are chances that the market will recover from the dip by the end of this year according to the analytics. We need to be patient and hold on to our coins, wait and see the market to hit a bull run. Being hasty will cause more loss for the people.

poornamelessme

hero member

Activity: 1204

Merit: 509

Day trading is hard enough as it is. Half the time I can't even do non-emotional day trading that great.

Currencyguide

newbie

Activity: 266

Merit: 0

One need to be very careful and mentally stable while they are trading so don't do any kinds of trading while you are on bad mood, this mistake can cost you money and more disappointment .a positive attitude is very important a successful trading.

Tone147

member

Activity: 221

Merit: 10

Yes, day trading requires a lot of skill, so if you can't get over your emotional ups and downs, I recommend against day trading.
So long-term holding is a good way to make a profit.

TechComputer

member

Activity: 560

Merit: 10

Lesson learned:
Don't do any trade in a day while you upset.

tuikindu01

newbie

Activity: 224

Merit: 0

Emotional trading will only cost you money. I have the same experience as you.

So whether it's day trading or long-term holding, we have to control our attitude, and only a good attitude can make us more profitable.

LankaJay

newbie

Activity: 140

Merit: 0

A trader need 20% knowledge and 80% of ability to control their emotions. If a trader can't control his emotions while trading then he will never be a successful trader.

Topic: Emotional day trading - page 17. (Read 2256 times)