Topic: Emotions should never be traded. - page 2. (Read 1655 times)
the importance of controlling emotions when trading because it does have an impact on our own thinking. following emotions will only make our minds more chaotic and make us feel rushed to get what we want. Trading requires calm thought and also carefully in order that we are not wrong in selling or buying coins. if we continue to follow our own emotions, then we will not be able to trade in peace. when you fail, don't think too much about it, but get up and trade again with more caution.
If you are unable to fulfil you profit objectives you should stop rushing and hold. Frustration and racing to achieve accomplishment can be a major hindrance to success. You may easily make money by regulating your emotions. Trading is risky, and there is no certainty of profit., so be calm. With the progression of time you will realize the rewards.
Trading in the true sense is a place where you can never reap any benefits with your emotions. Your emotions can cause a lot of problems for any particular reason. When it comes to trading, you must be emotionless and experienced. Inexperienced people can lose a lot of time when trading.
I agree with you, trading based on emotions usually comes from inexperience and only after some time and experience we learn to resist out emotions. Trading based on gut feelings might be going good in the beginning by eventually we will make the wrong decision. I remember when I first started trading that I had this feeling now would be the perfect time to buy, and once the price moved against me I still had the feeling of being right and should hold my position. In the end I just lost more money and if I had looked objectively at trade I would have probably sold earlier.
When it comes to trading there is no such thing as relying on our feelings, we need to do research and make a fundamental sound prediction without emotions. Because if we give in to our feelings we become dependent and could have problems long term. For example if we lose money we could become depressed and have trouble sleeping. Trading and emotions should be kept seperate for our own wellbeing.
legendary
Activity: 2310
Merit: 1068
Leading Crypto Sports Betting & Casino Platform
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've lost a pretty good amount of money through buying high and selling low, but this happened when I was still very new to crypto trading and investing.Aside being scammed or rugged and other stuffs beyond the investors control, this kind of trading is another great way to loose money, and this is why this topic is very important for those just getting into crypto trading and investing, it's good for them to be aware of this so as to avoid making such a mistake.
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.
This thing mostly happened to new traders so it's wise to have some friends or experienced people to guide you to teach you especially about the strategy and your emotion. Many people will panic when the market bleed but if you experience enough to control your emotion it wont affect you since you have optimism in your mind. Do some research is very important before you begin trading to minimize your losses in the future.
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.
Impulsive or Emotional trading is worst thing in trading which eventually causes huge losses. There are 3 thing very important to be successful trader.
1- Good skills to use Technical Indicators
2- Money management
3- Risk Management
When you take your long and short positions based on signals generated by Technical Indicators and following the basic Rules ( Size of trade & using stop loss) of Money and Risk management , your most of trades end up in profit.
Before trading,one needs to know the things involved in it,one needs to be aware of the risks involved in trading, one needs to remove emotions from it,because certainly,if your mind is wholely on the trading,there is every tendency that you will be emotionally disturbed,so therefore,trading seems like a game,you just play and get your mind off it.
Invest and bare in mind that you might either win or loose.
And when you loose,you don't need to worry too much,just re-strategise,research again,and try again,you might just be lucky.
Invest and bare in mind that you might either win or loose.
And when you loose,you don't need to worry too much,just re-strategise,research again,and try again,you might just be lucky.
Trading in the true sense is a place where you can never reap any benefits with your emotions. Your emotions can cause a lot of problems for any particular reason. When it comes to trading, you must be emotionless and experienced. Inexperienced people can lose a lot of time when trading.
You cannot trade in Forex Trading while you have lost a lot and your mind is not in the correct place.
We arent talking forex trading on here but well crypto trading is no different.They do only differ with volatility but in overall aspect on which factors needing for you to be sustainable on trading field is really just the same.It would only depend on how you do apply it on different markets.Emotions does really give out big impact in towards trading or investment because this would really result into mistakes
since you wouldnt know on what you are doing.
You cannot trade in Forex Trading while you have lost a lot and your mind is not in the correct place.
Trading doesn't work on emotions I think, it is completely a different type of business in which keep calm is the only key to get into more profit, some traders just losses their money due to being so much desperate, which is a sign of loss in trading, getting into desperacy leads traders to impatience which results in loss during trading.
If you're talking about those who lost out of desperation, I don't think this is possible. In fact, if there is despair with market conditions that are being dumped on a large scale, we even choose to trade or hold because we no longer care about market conditions. But if it's based on emotion, we're in a hurry because our minds get out of control and make decisions very quickly, despite the downsides. 
beginners usually lack in emotional analysis, they are prone to FOMO and cause panic sell. even though if you are patient I think it will be easier to get the best position than to be stuck in FOMO and result in big losses in trading. in this case we must really learn about emotions and combine our thoughts for something better in the future
We will learn from our mistakes and this means it is normal to commit mistakes for a while and use that as tools to not fall into the same false decision again.there are many option to make money in crypto and not only in trading , if you are emotional attached then never enter trading instead put your funds in other way like skill offering or even Holding from the smallest coin to the largest.
small amount each wont hurt us that big and the opportunity is also high.
diversifying is the best tools if you cannot get deeply in trading so Emotional or not? there is a place for everyone here.
beginners usually lack in emotional analysis, they are prone to FOMO and cause panic sell. even though if you are patient I think it will be easier to get the best position than to be stuck in FOMO and result in big losses in trading. in this case we must really learn about emotions and combine our thoughts for something better in the future
Trading doesn't work on emotions I think, it is completely a different type of business in which keep calm is the only key to get into more profit, some traders just losses their money due to being so much desperate, which is a sign of loss in trading, getting into desperacy leads traders to impatience which results in loss during trading.
on the other hand, they do not have enough knowledge in cryptocurrency trading, and tend not to have enough experience, so panic sells are prone to happen to them. greed often arises and makes the mind confused so that the planned strategy is not carried out properly. therefore it is necessary to learn and process in this business 
Trading doesn't work on emotions I think, it is completely a different type of business in which keep calm is the only key to get into more profit, some traders just losses their money due to being so much desperate, which is a sign of loss in trading, getting into desperacy leads traders to impatience which results in loss during trading.
One major problem many traders face is fear. They are always afraid when the price start going down and they basically sell everything and end up losing. They lack confidence and patience. Just as the OP said, before getting into the market, you should firstly study the coin you probably want to invest in carefully, if possible make research on it. Then if after Investing and the price start falling, you don't have to panic. Just be patience, and give it some time, it will rise back. As a trader, you don't have to be too emotional. Remember, Crypto Investment is for the strong hearted.
Everyone knows that for good trading you should control your emotions. Just because emotions are not good thing and it cause numbers of people to loss their money. Some people are in fear that the price will down more and more and due to this fear they sell at low price and loss their money. Emotions are very harmful. Sometimes an individual does not wait and their greed become a great cause of their loss in trading.
True, emotions will only end in regret. With very unpredictable market conditions, making traders in a dilemma and difficult to make decisions, so knowledge and experience are needed to avoid making wrong decisions when trading in the next trade. As you said about greed, greed will ultimately mess with emotions. So it is very important to set targets in trading.profits just because of some intuition or hunch but doesnt mean that even it turns out to be good you would be basically be following this kind of behavior on next trades you would done because
having these close calls isnt gonna work on next time most of the time so you should be prepared or aware on this thing.
Everyone knows that for good trading you should control your emotions. Just because emotions are not good thing and it cause numbers of people to loss their money. Some people are in fear that the price will down more and more and due to this fear they sell at low price and loss their money. Emotions are very harmful. Sometimes an individual does not wait and their greed become a great cause of their loss in trading.
True, emotions will only end in regret. With very unpredictable market conditions, making traders in a dilemma and difficult to make decisions, so knowledge and experience are needed to avoid making wrong decisions when trading in the next trade. As you said about greed, greed will ultimately mess with emotions. So it is very important to set targets in 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.
Every human being has emotions that are very difficult to control, especially when you have made a mistake, of course, if you don't have a knowledge base, the next mistake will continue to happen.What should be avoided in trading is greed, that is what destroys greed. it would be nice before jumping into trading, you should have basic knowledge of trading and also bring minimal capital at the beginning of trading to get experience, because the most important knowledge is your own experience, be it a bad experience or vice versa.
Everyone knows that for good trading you should control your emotions. Just because emotions are not good thing and it cause numbers of people to loss their money. Some people are in fear that the price will down more and more and due to this fear they sell at low price and loss their money. Emotions are very harmful. Sometimes an individual does not wait and their greed become a great cause of their loss in trading.
Jump to: