Emotions should never be traded. - page 6.

carlfebz2

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Quote from: Qikiye on August 23, 2021, 06:09:43 PM

You can never make a profit if you place emotion in cryptocurrency. Never mix emotions with trading, you will never sell in the market loss due to emotions after investing. It does The amount of loss will be more than your profit.

Easy to say but really hard to control off when it you are already into this market on which it isnt really that easy to control of emotions and since we are just human beings then we are really prone to that because we

do value money that much and we dont like for it to lose so its just normal to have those reactions but the thing here is that you do know how to handle up those burst of emotions and to think off clearly and properly

on what are the things you should gonna do and this is where people do really differs on which you can spot out which one is experienced and which one is a total noob.

Qikiye

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You can never make a profit if you place emotion in cryptocurrency. Never mix emotions with trading, you will never sell in the market loss due to emotions after investing. It does The amount of loss will be more than your profit.

Rigon

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Yes of course you will never trade in emotion. If you don't know how to trade if you don't know how to trade you will never trade Because if you want to trade, you must have enough practice or knowledge about trading and market signals. Otherwise you will face huge losses by trading.

Rexler

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Quote from: mk4 on August 11, 2021, 11:18:55 AM

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.

Yea it's true buying when price is rising isn't a bad idea because there would be enough trading volume and also high volatility which could fetch enough profits, but when this becomes bad is when traders or investors buys at the top which is really very risky because there could be a big correction which will cause loss to people who bought at this point, and this is where people really get emotional, because not everyone can bear the pain of seeing his capital depreciating.

sherenikaw

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That's the importance of controlling emotions in trading because trading requires a strong mentality and high patience. Some traders suffer losses because they cannot control their emotions and finally give up on this ups and downs in the crypto market. therefore it is important to understand the crypto market and deepen knowledge about crypto so that we avoid things that are detrimental. selling an asset and giving up at a low price is suicide which will inevitably lead to heavy losses. so we are smart ourselves in making decisions in trading, whether to give up or keep trying our best to make a profit.

Hobo66

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In crypto should not be trading on emotions and shiukd not invest more than you can afford to lose, maybe take some profits and have a sit back no matter weither it goes up or down no amount of money is worth your mental health

boyptc

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Quote from: Kittygalore on August 20, 2021, 08:53:13 AM

Just be careful with your trading, just wait it out when the prices are going down. Remember that you can't lose your investments if you don't do spontaneous and emotion based decisions because it only makes you prone to losses. I mean if you trade, you can just park the coin there if it doesn't go your way and just wait for it to go up again and then that's when you're going to sell.

Paper loss is what they call it.

Despite not selling and by just looking at your portfolio and the market dips, you're at loss on it. And it's not that easy thing to manage our emotions.

Especially if there's a big money that's being involved or if your portfolio contains a lot.

techearn17

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Quote from: Alert31 on August 18, 2021, 12:58:09 PM

Don't forget always buy low sell high and don't try to reverse it unless you have a great strategy to still gain profit. Emotions is always present even in trading but learn to hold it and don't let your emotion ruin your trading strategy. Patience is an important ingredients in trading so that you can avoid to feel panic everytime market not goes well.

This is exactly where emotions come into play. I have done this process many times and it works 100% works We should never jump into the market. We have to be patient until the market is low then we have to buy. Haste always causes harm. the volatility of the crypto market is very fast. We can be good traders if we take care of these things.

LongStand

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Trading should not be done with emotions. Trading with emotions might lead to ignoring goals, stops, and other elements of our trading strategy. We can become overconfident, which can lead to poor trading and large losses. As a result of all of these moves, traders are less likely to stay in the market. We won't be able to tackle this problem by suppressing emotions.

Kittygalore

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Just be careful with your trading, just wait it out when the prices are going down. Remember that you can't lose your investments if you don't do spontaneous and emotion based decisions because it only makes you prone to losses. I mean if you trade, you can just park the coin there if it doesn't go your way and just wait for it to go up again and then that's when you're going to sell.

cheezcarls

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Yes been there done that and I’ve learned my lesson the hard way. I have lost a lot of money due to trading with emotions, especially meme and other shitcoins out there. I’ve ended up buying when some of them have hyped the coin or token, but eventually it died down after the coin or token’s value is down and liquidity was removed by the devs, etc.

Despite that I am tempted of it, I’ve finally learned that I should always DYOR before investing in that coin or token (especially play-to-earn blockchain NFT games).

fullhdpixel

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Quote from: SquallLeonhart on August 18, 2021, 04:19:42 PM

Being a veteran doesn't equal to being in profit, many veterans I know ended up in a loss during the last 3 months, and many newbies I know made a lot of profit the bull run as well.

That's a very good point and most of the time, overlooked. Being a veteran doesn't equal profits because experience only helps you tackle a previously encountered scenario in a better way. For example, someone who panicked in 2015 will act better when the market crashes in 2016 and act in the best way when the market crashes today.

Experience doesn't always improve you actually and sometimes makes you more rigid about your beliefs. Working on your skills is one thing and just gaining experience is another. I feel like experience helps you at a psychological level while working on your skills, abilities helps you at a more logical and technical level.

Handpari

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Now market is so volatile and I would wait until 3rd Friday of the month for futures expiration. Markets usually drop. Buying right now prices are too high.

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Quote from: Alert31 on August 18, 2021, 12:58:09 PM

Don't forget always buy low sell high and don't try to reverse it unless you have a great strategy to still gain profit. Emotions is always present even in trading but learn to hold it and don't let your emotion ruin your trading strategy. Patience is an important ingredients in trading so that you can avoid to feel panic everytime market not goes well.

Everyone wants to buy cheap and sell high but it is not always possible. I agree one should be patient and ensure he tries to end every trade in profit but that shouldn't mean one ends up losing everything. This also brings the focus back to stop-loss and how important it can be. You shouldn't be emotional to sell the coins cheap but you shouldn't be emotional to catch a falling knife either.

One who studies data and trades for a reason will never have too many worries about being emotional. Would you be too worried if you own some Tesla shares? No, and that's because subconsciously you know the price will do well overall. Similarly, when you trade in crypto with a solid reason, emotions won't affect you too much.

gabbie2010

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Quote from: checkmatesir on August 15, 2021, 11:46:52 AM

To get away from these types of emotions one should follow some of the following tips. First of all always buy in the dip and know about the selling and buying limits which is really important in trading and another thing i must tell you that you trading should be profitable i mean take profit whether it is small or big doesn't matter.

Buy at dip might sound strange to a newbie thus one of the prerequisites for a newbie in cryptocurrencies market is to learn, research and seek all the necessary information with regards to market, e.g buying at dip and selling at high, learning how to avoid buying at peak, even after buying when the market suddenly dropped after rising the need to hodl and avoid panic selling is also important, also taking profits appropriately without being greedy is also important due to the high volatility prices of cryptocurrencies, these are the basic understandings that are very crucial towards becoming successful in cryptos.

Mikayla Buckley

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Quote

Marcel Proust once said: "The changes in the weather are enough to reshape the world and ourselves."

If Proust goes one step further, he will say that "emotions" are enough to reshape the world and ourselves. After all, our emotions have a lot to do with the weather outside.
Based on our experience as human beings, we are very clear that emotions can "reshape the world and ourselves" and affect our thoughts, judgments and perceptions.
Emotions can make us make wrong judgments when investing. Being driven by emotions to trade is a disaster.
When we have negative emotions, do not make any trading investments.

Victorycoin

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A lot of knowledge is required to be a trader in crypto market the former is in all of us. Who is more and who is less. Nothing should be done with emotion it is more loss than profit exactly this cannot be done with any kind of passion in the trade market you have to trade in the market with the right target and courage in this you will get success. But if you trade with passion you will lose so we can trade by controlling our emotions only then we can achieve success from the trade.

wahyu wida

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Quote from: Cherylstar86 on August 18, 2021, 07:27:40 PM

Quote from: SquallLeonhart on August 18, 2021, 04:19:42 PM

Quote from: sirminesalot on August 18, 2021, 03:14:31 AM

Becoming a full time trader is quite hard moreover in the crypto market, sometimes even you're already experienced and already passing on thousands trades, the market could always to surprice you because the volatility of crypto market are so fast.

Having a strong mentality is a must and can not involved emotion in every trade. It's okay to loss on some trades as long as we could manage our profits more at the end.

Being a veteran doesn't equal to being in profit, many veterans I know ended up in a loss during the last 3 months, and many newbies I know made a lot of profit the bull run as well. It doesn't just depend on how good you are or how long have you been trading. Of course that is a part of it and I agree that it definitely plays a big role but that doesn't mean that it is the only thing. I am not going to lie, "most" veterans I know profit, and "most" brand new traders lose, that is the true part, I am just saying it is not 100% guaranteed loss for newbies and 100% guaranteed profit for veterans, not even in the long run.

Some people are just bad at trading, and do not understand it, and no matter how many years, even if 7+ years, they keep trading and trading and trading, they may not end up with profit over long period, could profit in some trades but not profitable in the long run. You know how I know? I am that "veteran", been here for 7+ years and been trading and still if you look at my history it is not profiting overall.

Indeed. Not all veterans gain as huge profit as what other people expected. It doesn't mean that they are already expert on this, they can already gain a huge money and never experience making mistakes. They also losses money because sometimes they use their emotions on trading especially when they feel fear when prices started on dropping or else on increasing. Losing money in trading and gaining is part of it. There's always risk but it is important to manage it. Some of those people experiencing this are those beginners and inexperience traders. They always let their emotions control them when they started trading. Even they have lot of experiences but still they make mistakes because of their emotions.

In terms of doubt for the temporary trend in 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 know you can gain profit and most especially don't hesitate to buy when market is in loss before you regret it.

a professional trader of course they also make mistakes in trading. in a sense, consistent profit in every transaction, may be rare for a trader, especially with typical scalping. therefore they must be able to control their emotions and be disciplined towards the strategy being implemented

Cherylstar86

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Quote from: SquallLeonhart on August 18, 2021, 04:19:42 PM

Quote from: sirminesalot on August 18, 2021, 03:14:31 AM

Becoming a full time trader is quite hard moreover in the crypto market, sometimes even you're already experienced and already passing on thousands trades, the market could always to surprice you because the volatility of crypto market are so fast.

Having a strong mentality is a must and can not involved emotion in every trade. It's okay to loss on some trades as long as we could manage our profits more at the end.

Being a veteran doesn't equal to being in profit, many veterans I know ended up in a loss during the last 3 months, and many newbies I know made a lot of profit the bull run as well. It doesn't just depend on how good you are or how long have you been trading. Of course that is a part of it and I agree that it definitely plays a big role but that doesn't mean that it is the only thing. I am not going to lie, "most" veterans I know profit, and "most" brand new traders lose, that is the true part, I am just saying it is not 100% guaranteed loss for newbies and 100% guaranteed profit for veterans, not even in the long run.

Some people are just bad at trading, and do not understand it, and no matter how many years, even if 7+ years, they keep trading and trading and trading, they may not end up with profit over long period, could profit in some trades but not profitable in the long run. You know how I know? I am that "veteran", been here for 7+ years and been trading and still if you look at my history it is not profiting overall.

Indeed. Not all veterans gain as huge profit as what other people expected. It doesn't mean that they are already expert on this, they can already gain a huge money and never experience making mistakes. They also losses money because sometimes they use their emotions on trading especially when they feel fear when prices started on dropping or else on increasing. Losing money in trading and gaining is part of it. There's always risk but it is important to manage it. Some of those people experiencing this are those beginners and inexperience traders. They always let their emotions control them when they started trading. Even they have lot of experiences but still they make mistakes because of their emotions.

In terms of doubt for the temporary trend in 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 know you can gain profit and most especially don't hesitate to buy when market is in loss before you regret it.

SquallLeonhart

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Quote from: sirminesalot on August 18, 2021, 03:14:31 AM

Becoming a full time trader is quite hard moreover in the crypto market, sometimes even you're already experienced and already passing on thousands trades, the market could always to surprice you because the volatility of crypto market are so fast.

Having a strong mentality is a must and can not involved emotion in every trade. It's okay to loss on some trades as long as we could manage our profits more at the end.

Being a veteran doesn't equal to being in profit, many veterans I know ended up in a loss during the last 3 months, and many newbies I know made a lot of profit the bull run as well. It doesn't just depend on how good you are or how long have you been trading. Of course that is a part of it and I agree that it definitely plays a big role but that doesn't mean that it is the only thing. I am not going to lie, "most" veterans I know profit, and "most" brand new traders lose, that is the true part, I am just saying it is not 100% guaranteed loss for newbies and 100% guaranteed profit for veterans, not even in the long run.

Some people are just bad at trading, and do not understand it, and no matter how many years, even if 7+ years, they keep trading and trading and trading, they may not end up with profit over long period, could profit in some trades but not profitable in the long run. You know how I know? I am that "veteran", been here for 7+ years and been trading and still if you look at my history it is not profiting overall.

Topic: Emotions should never be traded. - page 6. (Read 1721 times)