I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.
The emotional trading and just following the masses doesn't always lead to good trades and profits, if you are trying to trade or invest in a certain asset you should do it based on personal belief and personal satisfaction, meaning if you look at a currency that is offering some new ideas and it is solving some problems that you think that will get popular than you should invest in it, and if you are investing in a currency just for the sake that everyone is buying it you will struggle with making decisions to sell or buy because you have no link to it. 
Topic: Emotions should never be traded. - page 12. (Read 1655 times)
Beginners and inexperience traders have been always like this, emotions always matter even you knew you shouldn't, not unless you are already have lots of experience.
In terms of doubt for the temporary trend of the market then let your guts decide, don't just sell if you think you're in loss, and don't hesitate to sell if you already profit, and don't hesitate to buy if the market is in loss.
In terms of doubt for the temporary trend of the market then let your guts decide, don't just sell if you think you're in loss, and don't hesitate to sell if you already profit, and don't hesitate to buy if the market is in loss.
Never trade based on your emotions. Calculate carefully before investing.
So true. You know how some users would feel they did it once or twice and it played out to there favour and to that note, they feel its a good thing? That ain't the same about trading. You should never put your emotions or your feelings I your trading, its wrong and could wrech iour account.Trading has got a lot of professionalism about it looking at the fact that, Traders like to be and the trading field on its own is a highly experienced field. There isn't any room for taking chances.
Trading with emotions is basically trading based on luck. A trading without any serious analysis. Its a wrong way to trade and should be discouraged.
When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.
I see this you writing as money management because when you invest gradually based on the amount of your balance and what it can go for then a little shake in market volatility wouldn't affect the trader to be scared and exit. You are right but the big challenge in trading is still the emotional factor that you wrote. The emotions is hardly taken out of trading, even after you think you have control of it but you see you still have that around and it makes for greed no matter how little it is.
~
It's possible to gain, but remember that there are many shitcoins out there still, OP. Don't "put a tiny percentage". Just invest what is something that you are not worried losing. In this unstable market, you can still lose everything in your portfolio.Oh and yeah, the emotions. It is part of us and how we function as a normal human being and we're not robots to not have emotion.
Unless you're a professional trader with years and years of experience it is almost impossible to decouple your trading decisions from your guts/emotions.
As unfortunate as it is, this is reality and only by practicing good strategies and executing the previously carefully set plans one can start to learn not to get their emotions involved.
Don't fault yourself for not being able to leave emotions out of trading strategies just yet, it is hard and it takes time but for the sake of becoming a good trader keep on practicing and keep improving because it is a long journey but a worthy one
As unfortunate as it is, this is reality and only by practicing good strategies and executing the previously carefully set plans one can start to learn not to get their emotions involved.
Don't fault yourself for not being able to leave emotions out of trading strategies just yet, it is hard and it takes time but for the sake of becoming a good trader keep on practicing and keep improving because it is a long journey but a worthy one
I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.
I think trading without a strategy, plan, and system is just useless. You should have all three ingredients to make money in markets. A strategy would tell you the overall aim of your trading. What is the intent behind your trading and when are you going to add or withdraw money from this account. second is the trading plan which involves around the time of trading you'll do each day and what is your daily risk %age and daily reward expectation and make sure you don't go beyond both of them. Third is the trading system, system basically means the set of indicators or triggers which you will use to decide whether to enter a trade, trading should be absolutely mechanical, if your system says you buy a coin, you just buy it, if your system says sell a coin, you just sell it.
Let's face it, there is a thin line to separate gambling from trading and it is from this which makes us scared and emotional when trading, we think of what happens when I lose my trade, will this how its going to be all the time? Confidence in trading comes from winning and if you not seeing those wins what follows is emotional trading.
Since we know the best remedy to overcome our emotions let's try to find more winners to build confidence in trading.
Since we know the best remedy to overcome our emotions let's try to find more winners to build confidence in trading.
Emotions have become external which must be inherent in a person, but that does not mean that emotions can be seen to control the mind, we are given the gift of balancing when emotions overflow, so it is a bad thing to follow the instructions the emotion wants.
The nature of the market becomes like a ticking time bomb, you control it to explode or you control it to tame the market price.
There's no such thing as healthy trading these days, but creating a feeling of well-being is your mentality in controlling the situation. Whether the market is in a bad state or is profitable, we are on a long line of thinking. Think before selling and also know the trade before buying.
The nature of the market becomes like a ticking time bomb, you control it to explode or you control it to tame the market price.
There's no such thing as healthy trading these days, but creating a feeling of well-being is your mentality in controlling the situation. Whether the market is in a bad state or is profitable, we are on a long line of thinking. Think before selling and also know the trade before buying.
1. While it seems the same, trading is really different with investing
2. Buying alts when the markets in general isn't necessarily a bad thing when talking about trading, because buying at rising prices with high volumes is a thing that could be taken advantage of.
3. You could've ended just with saying "don't make impulsive decisions based on your emotions" or something
2. Buying alts when the markets in general isn't necessarily a bad thing when talking about trading, because buying at rising prices with high volumes is a thing that could be taken advantage of.
3. You could've ended just with saying "don't make impulsive decisions based on your emotions" or something
That's always going to be a problem with us, humans, who have emotional sides and overthinking factors that ride over our heads. You can never be successful if you are too vigorous with it and deciding on those feelings. When people do that, that's because of the gambling nature that we have and not the rational one. We need to be consistent to be successful and follow risk management instead of just going all in.
Don't be envious of what other people have because they might have a different starting point than you. Just be patient, and everything will fall into place in the long run. Plus, use a tool like Gunbot to assist your trading.
I will definitely try the tool that you have told Don't be envious of what other people have because they might have a different starting point than you. Just be patient, and everything will fall into place in the long run. Plus, use a tool like Gunbot to assist your trading.
I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.
That's correct. Trading based on emotions is bound to give you losses unless you are too lucky.
I have personally traded based on emotions many times and I have failed miserably and lost my money.
This is what I understood from that trading requires patience and skills to analyze the market and place your orders correctly.
If we don't have a planned strategy then we are about to lose money every time we trade.
With a proper strategy, we can not only gain profits but also minimize the loses in the losing trade.
That's always going to be a problem with us, humans, who have emotional sides and overthinking factors that ride over our heads. You can never be successful if you are too vigorous with it and deciding on those feelings. When people do that, that's because of the gambling nature that we have and not the rational one. We need to be consistent to be successful and follow risk management instead of just going all in.
Don't be envious of what other people have because they might have a different starting point than you. Just be patient, and everything will fall into place in the long run. Plus, use a tool like Gunbot to assist your trading.
Don't be envious of what other people have because they might have a different starting point than you. Just be patient, and everything will fall into place in the long run. Plus, use a tool like Gunbot to assist your trading.
I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.
Jump to: