Emotions dealing - page 11. | Bitcointalksearch.org

jossiel

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Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

It is not a weapon, it just comes out naturally against us.

Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

How to avoid emotions:

set up a TP(take profit) and SL(stop loss) for your trades
Stay away from the particular trade
Get in some activity that will keep you busy
Do your hubby activities at that moment
set up hours interval to check your trade
watch tvs and Go for walk

Note:Some of these might not be applicable if you are into scalping.

Be discipline with your plans so that you won't be missing the time when you're about to take profit. Traders forget to take profit when they're busy with other things.

And that's contradicting what you're saying about doing hobbies and activities for that moment.

promise444c5

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Quote from: crwth on September 04, 2023, 09:25:17 AM

Why wouldn't it be applicable if you are scalping? I think you can do it when it comes to TP and SL. For the activities for a scalper, you could still do it. You should be better off and schedule it from time to time to be active. You have to have that as well so you can be successful in what you are doing.

It's best to be consistent when you are experiencing emotions. You have to follow the rules. In there, you would see the people who are disciplined and those who are not. It's going to be a deciding thing if you are able to do the following things that you have listed.

That's the secret to success in trading.

I added" some might not be applicable " e.g staying away from your trade , i think that a solid one

YOSHIE

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Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

OP, I've been in the crypto market and trading crypto can be said to have been 5 years, as well as my friends who do the same thing as me, but from my understanding and reflection the fatal factor influencing losses and failure in securities trading is patience, never do crypto trading, if your patience is limited to start with, you will waste messy results.

Why do you have to face all those emotions, you don't involve yourself in crypto trading, this is also often done by many people.

Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

How to avoid emotions:

set up a TP(take profit) and SL(stop loss) for your trades
Stay away from the particular trade
Get in some activity that will keep you busy
Do your hubby activities at that moment
set up hours interval to check your trade
watch tvs and Go for walk

What you need to do in crypto trading is, test your patience, if you are patient enough to handle all of that, you will easily achieve all things, not emotions that must be destroyed in trading. If you do all that, but your patience is not there, it's useless, the result is nil.

promise444c5

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Quote from: Learn Bitcoin on September 04, 2023, 08:33:02 AM

There are several threads already regarding the same thing (Emotion). I highly suggest everyone check before you create another thread. If you have something new to add to your thread, you are welcome. But you do not have something new to add, you are spamming the forum only.

Look how many threads were created in this section only. All of them are in 2022 and 2023. There are more than fifty threads on it.

Never Trade on Emotions Created on March, 2023
Emotion and Trade? Created on March, 2023
10 tips to manage one's emotions while trading crypto. Created on July 2023
Experience of failure and success can help us control the emotions. Created on March 2023
Trading Emotions Created on May 2022
Trading = Analysis - (Instinct + Emotions) Created on September 2022

Finally, Emotions dealing Created today.

There is no spamming , besides it's just the "EMOTION " tagged word that makes look like they are related

crwth

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Why wouldn't it be applicable if you are scalping? I think you can do it when it comes to TP and SL. For the activities for a scalper, you could still do it. You should be better off and schedule it from time to time to be active. You have to have that as well so you can be successful in what you are doing.

It's best to be consistent when you are experiencing emotions. You have to follow the rules. In there, you would see the people who are disciplined and those who are not. It's going to be a deciding thing if you are able to do the following things that you have listed.

That's the secret to success in trading.

JeffBrad12

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if you're really weak in self control then I guess you should just stuck with investing, thats my rule of thumb, because trading could be mentally exhausting, self control is essential, even more so emotional control.
but when it comes to investment what you need is just a really good timing and you're set, you can forget it, doing some other thing like maybe increasing income through part time jobs, and many more.
overall you're just having less burden that could affect your emotions since you are more or less have target for it.
when it comes to scalping, etc, your best bet would be learning to be patient, maybe try out yoga if you think you have really bad emotion control.

cafter

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Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

set up a TP(take profit) and SL(stop loss) for your trades
Stay away from the particular trade

Let me explain these two points:
When you trade, it's a good idea to plan things out. Decide in advance how much you want to make (take profit) and how much you're willing to lose (stop loss). After making your trade, it's best not to stare at the price chart all the time. that's because if you watch too closely, the market can make sudden, small moves that might make you nervous. You might start thinking the market will go against your trade, and you'll change your mind and switch to the opposite side. This kind of reaction often leads to many trades that don't work out, and you end up paying fees for each trade, which can add up and cause you to lose money. So, it's better to stick to your plan and not let your emotions lead to hasty decisions.

Learn Bitcoin

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There are several threads already regarding the same thing (Emotion). I highly suggest everyone check before you create another thread. If you have something new to add to your thread, you are welcome. But you do not have something new to add, you are spamming the forum only.

Look how many threads were created in this section only. All of them are in 2022 and 2023. There are more than fifty threads on it.

Never Trade on Emotions Created on March, 2023
Emotion and Trade? Created on March, 2023
10 tips to manage one's emotions while trading crypto. Created on July 2023
Experience of failure and success can help us control the emotions. Created on March 2023
Trading Emotions Created on May 2022
Trading = Analysis - (Instinct + Emotions) Created on September 2022

Finally, Emotions dealing Created today.

hyudien

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Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

The solution is better not to trade, in my personal opinion. You don't want to involve feelings or rather you also don't want to involve instinct in trading. But the fact is that crypto trading will always involve many factors, be it feelings or sudden decisions. Even knowledge is tested to find out how much the probability of profit is if TP.

G_Besar

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Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:

set up a TP(take profit) and SL(stop loss) for your trades
Stay away from the particular trade
Get in some activity that will keep you busy
Do your hubby activities at that moment
set up hours interval to check your trade
watch tvs and Go for walk

Note:Some of these might not be applicable if you are into scalping.

Of the several methods that you have explained, there are only three methods that I could possibly use and that I really need to manage my emotions when trading or when carrying out certain trades. The rest is something I don't need, although it's not a bad thing if someone wants to do it, but to the point "Get in some activity that will keep you busy" it will actually make me unfocused when trading. Because I am busy with other activities, my focus can be lost and will not be very regular, because I usually trade in conditions that are much more relaxed so that I can get better focus.

EarnOnVictor

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Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

Let me correct you there, emotion is a psychological thing in trading and there is no one using it against traders as traders are absolutely in control of their trading unless they contract it out to a third-party arrangement. You have to fix this all by yourself as well.

Quote

How to avoid emotions:

set up a TP(take profit) and SL(stop loss) for your trades
Stay away from the particular trade
Get in some activity that will keep you busy
Do your hubby activities at that moment
set up hours interval to check your trade
watch tvs and Go for walk

All of the above are good precautions but still ways to try to manage emotion, and not to curb it in trading. You can add more doings to that but most people still find themselves being emotional. You can only fight this within before you can curb it.

I've curbed mine. Did you know how? I became aggressively determined and disciplined in trading. This combo helps so well and I don't flinch anymore even if I check my trading platform regularly.

Litzki1990

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The faster you can control your emotions in your business, the more likely you are to succeed. Emotions are the worst enemy of a businessman. Emotions make people take wrong decisions so we must control emotions. There can be no acceptance of your emotions when it comes to your business. If you are very emotional then you need to control your emotions first when you can control your emotions then you will be involved in business. You should refrain from making business decisions at a time when you have a lot of emotions running through you. Emotions never make decisions. Decisions must be taken with a cool head and thought, so if you want to improve your business, you must control your emotions.

Lida93

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Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:

set up a TP(take profit) and SL(stop loss) for your trades
Stay away from the particular trade
Get in some activity that will keep you busy

These tips can be reliable only when you've overcome your trading emotions and in control if not, your emotions can still get a hold of you with an unsettled feelings when you try to stay away from the trade or occupy yourself with another activity after setting up SL and TP. To gain confidence on your trades is not by creating diversionary measures or tactics, you just need to be sure of whatever decision in the position of your trade and that can only be earned by learning more about trading and risk management that's how you improve on your emotions.

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rat03gopoh

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Some of your tips are just options to divert your mind to other activities, but that doesn't contain any point to emotions. When you trade high volatility pairs, there is a strong urge to constantly monitor the charts and even change order settings. Emotions should be trained slowly, for example choosing a pair of low volatility or leverage and a longer trading period.

yudi09

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Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

The way to avoid and manage emotions in trading is to learn and continue to learn so that the knowledge about trading that you will have can make you. Whether you believe it or not, my job is only to convey.
Another one of the most powerful ways to deal with emotions, worship earnestly. Don't be close to God when you're having problems.

Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

How to avoid emotions:
-snip-

When it comes to trading, it all depends on the type of coin you choose. If the coin you choose to trade doesn't have the potential to be profitable because of your ignorance, instead of reducing the emotional level that will appear, it can increase.
Apart from the concept of take profit and stop loss. I am not forbidding people from trading, but it is better to avoid it if there is no knowledge about trading.

Oshosondy

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Your posts is scanty as a trading advice.

Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

Trading is more than this. Sometimes if the person do not move out, he got liquidated. Sometimes, if the person moves out, the price can reverse.

Quote from: promise444c5 on September 04, 2023, 04:44:05 AM

set up a TP(take profit) and SL(stop loss) for your trades

This depends on the coins you are using to trade, the leverage used and the type of trading that it is. Swing traders, low or no leverage
traders and those that are averaging may not like to use stop loss.

promise444c5

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Learning never stops!

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:

set up a TP(take profit) and SL(stop loss) for your trades
Stay away from the particular trade
Get in some activity that will keep you busy
Do your hubby activities at that moment
set up hours interval to check your trade
watch tvs and Go for walk

Note:Some of these might not be applicable if you are into scalping.

Topic: Emotions dealing - page 11. (Read 1506 times)