Topic: Emotions should never be traded. - page 3. (Read 1717 times)

You made real good points here. But feeling relaxed when the market is going down is not always the right move. You could lose a lot of your investments which may cripple you from moving to better coins.
Diversifying your portfolio will keep you on the safe side when dips happen

It should be known by every trader,that trading is a game of risk,so putting your emotions in trading will cause emotional trauma which will damage your health.
Trading should be done with the mindset of,what ever happens is accepted.When one gets this type of mindset,  losing will never cause so much pain,and if you notice that your heart is too delicate and you are ways too emotional,I think trading is not good for you.
It is for the hard hearted,the ones that are emotionless and the ones that are never scared of losing.
To me,losing is an experience,when I lose,I learn from the mistake I made that makes me loose,and by so doing,I don't see the reason why I should cry when I lose money.

I agree with this. Trading by emotions will lead to the loss only. Better to be careful and control ourselves from buying based on emotion or panicking. There are already many people who experienced bad stories because they cannot control their emotions, just invest or trade on a panicking or emotional basis. At the end of the day, they lose huge money and leave crypto market with a bad ending.

Well, calculating or analyzing everything before buying, is a must. This plays a big role to determine the chances for profits and security in trading/investing.

Controlling emotions is very important when we are trading, because in making decisions in trading, it should not involve emotions. Otherwise
the decisions we will take will be wrong and we will end up losing a lot of money when trading. Although I admit that as humans it is very difficult to
control our emotions, so it is very natural that we find more people who fail when trading than people who get rich from trading. But if we have
strong intentions and regularly train to control our emotions, I'm sure slowly we can start trading with controlled emotions. Sometimes it takes quite
a long time, so that we are trained to control our emotions when trading, indeed success is not instant.

only those who are experienced in trading will be able to be able to, as you say, "prepare mentally and not get carried away by emotions". Experienced people are able to put themselves in controllable situations, even if they experience bad things. but do not underestimate the new people in trading, that they are also capable of doing that. in the end it all also depends on the situation that can make everything change not according to expectations.

The crypto market is indeed unstable, I agree, that's why we are required to be able to anticipate and analyze well, so that what we will do is according to what we want. To get the right profit, of course you need patience and not to be greedy, if it's time to let go and it's in accordance with what we want, it's good to do it. waiting to find more can certainly make things the opposite of reality.

holding on for the long term is not the best alternative either, we have to look at the situation and what we hold on to for the long term. if it's bitcoin and ethereum, I really agree because they can and it's very certain that in the future the price will increase.
but not for other altcoins because the price may drop in the future, and it may even no longer exist on the stock market.

Potential altcoins, obviously and I agree if you want to invest in the future but don't take too long either, always see what happens at CMC, whether the movement chart or market capitalization is still good. Of course, if it's still good, we can always make it an investment.

Of course, it is true that investment clearly requires funds, if possible, funds that are not used so that they can be more focused and not disturbed by needs. which will result in us being tempted to let go because the need must be a priority.

Emotions could neither give out some positive or negative effect because we cant really just say that it isnt really making out some positive effect too because there are instances that we do follow up our own instincts or emotions on times that we are really on a hard situation whether you should hold or sell.

There are actually some good calls that you do able to get out or get in on the right time which do ends up for you to be profitable or had really cut lose in a good way.

But overall aspect then emotion is something that should really be need to be controlled upon because if you dont then expect the possible mess up.

This is indeed a very good advice and an idea mostly to beginners in bitcoin and crypto trading in general. As most of the beginners will not even follow dew process by trying to learn something about Bitcoin and cryptocurrency in general, they just Starr trading based on emotions and it end up failing.

Absolutely right. Do not trade or put your emotions first in the market. We are all humans and obviously emotions are inherent so the best way is to learn how to manage your emotions when the market is against your analysis. But always remember that immediately you start to trade your emotions first, things starts to look frustrating for you so its always advisable to learn and master how to manage your emotions while trading.

As long as you have blood in your being,  from time to,  traders still trade emotion in the market.  I think mastering emotion before,  during and after reading activities come with experience and self discipline.  If you as o trader can not hold the line of your logic against the flood of your emotions,  don't give up,  you will master your emotions very soon as you trade regularly!

I completely agree with you, no matter what trading style you choose, emotions will always play a certain role.

I think you guys might forget about the day-trading just were talking about long term .However in every types of trading which you are following you need to know control your emotion .It is the reason for loosing the fund mostly .You always need to trade accordingly your strategy and make level where actually really wanna exit .If you think more after entering your trade you may loose your trade .This is the emotion actually how it play with us .

You people are aware of the fact that trading needs self-restraint. Without a capability of tolerance, one cannot get advantages from trading. Some people just buy and sell coins based on feelings and emotions. It is very risky. To be successful in crypto tradings, users must overcome their emotions. They should have gain knowledge for trading and should learn trading strategies.

That's right, and in order to make a trade, it's very important to hold it long term. No matter how much the price drops, if the Altcoin we invest in is a Potential Altcoin, I am sure that in the future the price will recover. Anyone should have other money to meet their daily needs before deciding to invest.

They'll learn to control that eventually.

It's always the first thing that gets them when they're new to the market. Their emotions will teach them how to survive this long on this truly volatile market.

But this is something that you cant control it directly specially when you are just starting but if you dont see any progress or changes then thats the time that you should consider on quitting but if you do see some
changes or progress when it comes to handling your emotion then this is something that shows that you are really improving.We cant really able to get it directly because we are just humans
and its normal that we would really be having these kind of reactions because we do value money much but once you do already have some good grasp on this market or this investment
then you wont really be seeing this as a major problem anymore.

What a naive idea, once your trading is controlled by emotions, congratulations, you are getting closer and closer to bankruptcy. If you can't control your emotions, sorry, for your own safety, please leave the crypto world.

Many people lose money in trading because they are affected by market sentiment. When currency prices fall, novice traders will panic and make mistakes in selling, resulting in economic losses.

Trading must have a sufficient knowledge base, control emotions, analyze the market with a calm and clear mind, and find a suitable trading strategy that can make a profit.

Buying altcoins in the market is one of the good way to earn here in the cryptocurrency. Whether it is shit or not it can still able to give us a profit depending on how we handle and how we understand the trading. So, even when the market falls if you are well verse about the crypto space you will remain the game of crypto trading as your own business for sure. Therefore, if you are emotional type of person I could tell that you are not suitable to stay here in the cryptocurrency.

Yah. Emotion is an enemy of traders I would say. It would lead you to loss often. Beginners, we always get exited when we see our friends getting profits from one of the crypto coins from trading and decide to just invest on the same coin without analyzing it. Then when the value goes down, we panic and sell at loss. So emotion leads the one instead of knowledge guiding the one to act. Crypto market is volatile. Have patience. Learn indications and etc.

If this is the way of trading it will never produce good results and I believe it has absolutely no skills in trading. Buy and sell based on analysis with trading knowledge. Everyone jumps into crypto with the aim of profit for financial freedom, what is invested is money from hard work not free money. Mental stability, managing emotions well and knowledge in trading are important factors for getting into crypto.