Topic: Emotions dealing - page 4. (Read 1506 times)

Emotions cause a lot of damage.  Emotions should always be controlled. Decisions made on emotions will lead to regrets in the future.  If a trader trades with emotion, he will fail to manage the trade.  There is no place for emotions in professional work.  Trading should be done with conscience. It is better to control emotions here. Once you lose, you cannot give up trading on emotions.  Once again, if you are profitable, you cannot trade again without understanding. You have to involve yourself in other social activities to control your emotions.

Its not a sprint but rather a marathon on which means that to those people who do able to sustain up themselves on doing trading for long term or that do talks about other investments the those people who do have that
sufficient knowledge and experience and really that having that sensible approach is really that something that you could really be able to say that they are the ones who could really be able to survive. Emotion is one of the most common factor or things that would really be affecting you and this is why it would really be needing up that kind of control because if not then for sure you would really be that so prone to lots of errors
because you do keep on altering your earlier decisions specially if the price and other some sentiments on the market had just popped out then those things will really be changing up that kind of impression.


For sure all of us did really able to experience out such mistake on which having that buy high sell low thing? Due on lacking that knowledge then it would really be
just that a common mistake in all of us. There's no way that no trader hadnt been able to experienc such thing. Sooner or later on which on the time
that you had already gained up sufficient experience and knowledge then you could already lessen up that kind of behavior and changed up
accordingly.

It's a long game for those who understands how trading works. It's not just all about the trades that you do.
But also with the management of your emotions because if you're not good with it, you'll have a problem when you're on your trades and you're too emotional for it.
You can be good for all of your trades but with a single tick of emotion for your trades, you don't know how it can turn around.

Don’t confuse prudence with fear. You want to trade prudently, using logic and reason. This may make you hold off on a trade. But make sure that prudence, and not fear, is behind your decision. Fear can wreck your trading by keeping you from making a trade. Use your trading journal to see if the trade makes sense, follows previous wins, or if the trade just doesn’t make sense.

Have a trading journal to keep track of your successful trades. The trading journal is our best friend. No trader should be without one. Especially when that bad feeling takes over, the trading journal will remind you of all the things you’ve done well. You can also do some little investments that can accrue you interest that way you have some passive income coming in. Here's some you can look at. https://www.bitget.com/academy/introduction-to-bitget-earning-products

experiences can be taken from other people experience's too whether it's in form of book or an article no need to experience it first hand because that will be massive waste of money and energy.
thats why its essential to keep reading some book about trading to ensure that we have sufficient experience to start out.
but sometime some people just think they are genius 1 in a million that gonna make it big without sufficient knowledge only to become food for the whales.
thats the difference between people that are serious with their trading career than those that overly estimated themselves.
trading is tough and every move needs wise decision.

• Dont chase losing trades
• If negative, then dont sell on loss
• If finding yourself being impulsive on emotion then better leave out
• Dont punch your monitor 

Scalping? This is the hardest type of trading on which you shouldn't really be touching up this area considering that you would really be that
needing to deal with the volatility in active manner and this isnt something that could really be handled out well even if we do say that you do have that sufficient experience towards the market.
Volatility isnt something that you could really be just simply be able to handle but somewhat its not really that impossible.

It would really be just mattering on how well you would really be doing such thing but of course it would really determine on how you would asess and
handle it out because each person does have their own approach on things.

Yes I agree with your first point, people must be able to control their emotions in trading, if people who trade cannot control their emotions, of course there will be bad effects that they will feel whether it is in profit losses or time losses, and also not everyone can reach profit margins easily, there are risks waiting, they must be smart in controlling emotions so as not to get losses or not rash in trading.

Some people who succeed in trading are people who can regulate their emotions or can control their emotions properly, it is good for them to see people who have succeeded in trading take a little or a lot of lessons from those who have succeeded, it is unlikely that those who want to learn first understand trading. in addition to emotions they also have to be smart in choosing decisions to take an action and not be rash in terms of trading because it is good or bad they themselves will feel the impact, so learn first understand what new things you want before getting into it.

Well that's true enough, that's because maybe the short term is easier for them to predict because as we know doing market analysis for the long term is very difficult, but I'm also not saying fundamental analysis is bad because of course there must be advantages and disadvantages, and also even though you might use a short period of time it's also the same if we look at it in terms of risk or even it can be more risky than the long term, because it is very likely that you will always be disturbed by fluctuations that occur when you want to open a trade or when you want to close a trade but fluctuations occur there and finally it is not uncommon for those who initially have a good position (profit) in the end to lose or return capital. For the problem of fluctuations and all the risks that exist in honest trading we cannot do anything, there we can only stay afloat by always using the best planning and self-control so that our trading continues to run smoothly.

That's right if you prefer a long-term strategy then obviously it's a better alternative to choose to allocate your money to bitcoin, in trading or investing surely everyone has their own goals, whether they are as day traders or long-term. But if indeed you prefer the long term then it is better to move to bitcoin alone, not that trading is not profitable but bitcoin will be able to provide greater opportunities for the future, but still you also have to be careful.

What you advised relates to investment advice rather than psychological advice, one needs to balance the two and even add a very good management for success to be made. This is not about how to trade and what to invest, it's about people having a stable mindset when they either trade or invest, and this is not so easy if I must tell you the truth. An investment plan is good but many people will have a solid plan but the emotion will cause action when they shouldn't act and inaction when they should act, that's the main issue here.

The first advice I can give to traders and investors is to make sure that they first invest the amount they can afford to lose and also make sure they bit the affordance to the bearest minimum to avoid losing their money easily, and probably minds as well. If this is done, the major part is set, and when the trader has a very good trading system already, what would be required will only be their discipline. Once you are disciplined, emotion will be kept to its lowest pace.

I think you're missing a lot of  beginner mistakes, like buying high, selling low, FOMO, etc.
Chart patterns are the basic elements that we learn about first. It is  difficult to control emotions when trading if you make rookie mistakes like buying XRP at a high price,
so how can you control emotions in trading when you don't have much trading experience?

Traders usually focus more on the short term to make profits from assets that have fairly fast price movements in the market.
Long-term trading may be the same as traders who fail to make a profit because planning does not match market movements. it makes them end up holding assets longer and waiting for market momentum to prepare to sell them at a better price.

if you are thinking long term, why not just think about Bitcoin. That doesn't mean other assets aren't good. they can provide good returns, but I think Bitcoin will be more certain in the long term. that is if you have emotional control and patience.

Not setting up stop loss can cost you a lot. I've been there and I regret it because we thought that having no SL was better because you can still come back at anytime. There are times when the price just hits SL and then comes back which we thought we shouldn't put SL in but we didn't think on the other side that what if it didn't come back?
 
Having SL is kind of your budget on that trade so if that was hit then that would be a sign to stop as your prediction is wrong. It is important to have it so that we won't lose more money.

It is always good that you can control your emotions in trading and that is because not everyone can do that. When you can't control yourself and you even bought at the peak, that's the harder part.
But if you have established yourself and you're able to control it then, that's like already an advantage for you and it's just gonna be a matter of time for you break even or get a profit margin.

If you can control your emotions on a particular coins you have invested huge amount of money, and wait for the price to increase higher to your satisfaction before you can trade in the market, I think it will really help you to achieve what you want from your crypto trading. Now that the price of Many coins in the market have started displaying green light, which is a sign that bullish season is very close to traders but some new traders will begin to sell their coins because of emotion that they don't want to experience loss from their holding.  I think, you will earn well for the long holding you apply on the XRP you bought because the price of XRP will definitely increase higher for long term traders to earn something good from their trading.

Whenever you can invite your emotions you can move forward, you will learn slowly, but you will be able to understand the pattern chart easily. If you can understand and master the pattern charts, your trading experience will increase, and you will be able to profit, and you will never lose. Also, if you want to trade then definitely avoid altcoin, it can be a risk for your money. If you are currently losing XRP, don't rush to sell just yet, hold it and wait, and of course invest later when you want to invest. I would suggest you to invest in Bitcoin as you believe the predictions because the future of Bitcoin is the most promising, so invest in Bitcoin. When you invest in those bitcoins, your emotions will gradually decrease, and you will get an assurance of your investment and future profits will be possible.

Having control over your emotions is very important as a trader—in fact, in any business you do. Your emotions must be under your control; if you are not successful in such a business, it will be luck. However, having control over your emotions will be the best thing to do, whatever the knowledge you have about trading. If you are someone who cannot control their emotions, then you are definitely in trouble, and you will be losing funds even when you are supposed to gain them. And all the strategies you brought up may be useful, but one cannot use them until they have control over their emotions.



It is clearly a problem for someone to start up a business without having knowledge of such a business—not only trading but anyone, even the investment we always talk about. Someone must at least have knowledge of when to buy and sell and where to store the BTC before deciding to invest. Talk-less trading requires much more knowledge of many things that someone really needs to know before starting trading.
 
However, it is unfortunate to see someone start their trading journey without the knowledge they need to create a way for themselves, which will lead them to be financially downcast because they will be losing money without any gain. The fact that even those who have the knowledge are losing you that join without such knowledge, what can we say?

Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.

Well, that's right. Sometimes when we enter the market too often and we trade too often without giving our mentality enough rest it will also make it more difficult for us to control our emotions. We must always have a break in trading to calm our minds and restore our thoughts so that they are fresh again.

Mental fatigue is sometimes more dangerous than physical fatigue. Because wrong decisions can arise when we make decisions when our mentality is tired and needs rest. And emotions are closely related to our mentality. Everything requires high discipline, such as emotional management, financial management and time management. Everything must also be applied in making our trading plans.

Without careful planning, a person can fall into impulsive actions. Which made him forget the risks he was taking. And this is very important to pay attention to because as traders we have to know the risks we are taking and we also have to be prepared for the risks we are taking. So it is true that we also need to study the volatility in the market before deciding to enter or not.

In trading you cannot be successful until you stop to decide emotionally and if continuously your work will based on emotions then you will always assume that trading is difficult but will never recognize your mistakes.

Actually sometimes a person make good expectations but due to Volatility these expectations does not achieved so it is important for such person that before starting trading you should fully understand volatility keep in mind that you will take decision according to the condition and will never leave your emotions uncontrolled.

Take the situations into account and then decide whether to trade or not because some people trade all the time as a result of which they loss the gaining percentage too.

Don't take that trade when it hasn't come to your zone of interest which you mapped out during a particular chart analysis and never chase the market, ensure that the terms and conditions of taking a position in the market are met before hitting the Buy or sell button, and if the market didn't come to your zones of interest leave it, rather let that becomes a missed trade for you because is better to miss a trade than lose it.

From my angle of experience entering a position that hasn't come to your area of interest will trigger emotion to start thinking that the price may get a pullback into that zone, which happens often with price movement in the market and sometimes puts your trade-in a huge lose you may not be able to hold and contributes to bringing emotions to your trades.