Topic: Emotions should never be traded. - page 7. (Read 1714 times)
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.
You are saying right that don't do trading with emotions. It is not so simple.
It isn't if you're new to it.But once you get used to the market, you're settling your emotion because you know how to control it and how it can make your trades win or lose.
It's all about giving yourself the right mindset.
More practice and deal with your losses to learn what action you must do for your next trades. It will help you to mitigate the losses you've made and at the same time, you gain lesson.
~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.
Always stay in stable coin by booking profit as whales manipulating btc price and playing with retail investors.And only invest your extra money so that you can hold your coins for some time in case you are at a loss and sell them for profit.
Panic and greediness
Well said people get panic when they see a loss.And get greedy and take a wrong entry( buying at a high price)
Trading is not hard as we experience. When you trade our emotions takes very bad positions but trading more always gives you much more experience and killed emotions. An emotional person can not trade with very frequently. Trading always not happens on paper it plays with our emotions, So after taking a trade forgot everything and give sometime to trade for a profitable journey. Dont trade with lots of emotions because it is a game of win or loss.
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.
Trading is not hard as we experience. When you trade our emotions takes very bad positions but trading more always gives you much more experience and killed emotions. An emotional person can not trade with very frequently. Trading always not happens on paper it plays with our emotions, So after taking a trade forgot everything and give sometime to trade for a profitable journey. Dont trade with lots of emotions because it is a game of win or loss.
Once we are playing with our emotions, once we cannot control our emotions, it means that our life will not be better again, in everything we are concerning. Moreover if it si about trading.
Trading is not only about emotions, but emotions will really give a big impact t the process and results of the investment or trading itself.
Panic, carelessness, greedy, immediate, lack of knowledge may become the reason for people falling into trading.
ANd once we can make emotion under control we can start trading easier and well enough.
Panic and greediness, these emotions are meant nothing good for us as a trader. We can enhance our knowledge so fast but controlling our emotions is really hard in real life. Trading is not only about emotions, but emotions will really give a big impact t the process and results of the investment or trading itself.
Panic, carelessness, greedy, immediate, lack of knowledge may become the reason for people falling into trading.
ANd once we can make emotion under control we can start trading easier and well enough.
I can say that some are gifted enough to be good in trading as the majority are not. Even myself, I can't say that I was good at this already because sometimes I've dragged my emotions causing a wrong buy and sell decision. If I only have the tally of all my trades, it surely I lose a lot than in profit.
You are saying right that don't do trading with emotions. It is not so simple.
It isn't if you're new to it.But once you get used to the market, you're settling your emotion because you know how to control it and how it can make your trades win or lose.
It's all about giving yourself the right mindset.
It's alright to have emotion, don't set it aside, instead try to control it rather than setting it aside, what you can get from controlling it is that it's not going to get bottled up compared to setting it aside. Learning to harness your emotion is much better than ignoring.
Everyone has emotions, so don't worry too much about your emotions. Humans have the ability to control their own emotions, so as long as our emotions are controlled, there will be no harm in doing anything. Including if we are going to trade, we must be able to control our emotions.
Don't let us make decisions based on emotions, always think positively and be tolerant of the problems we face when trading, it can be very useful
so that our emotions are more controlled.
We must defend good emotions, because they can help us live a good life. Including when trading there is nothing wrong with having good emotions,
But the problem is that most people always have bad emotions controlling them. That's why it's important to control our emotions. I agree we
need ambition to be a successful trader, but there must be a limit. In order not to make us become a failed trader, in conclusion, as I said before,
there is nothing wrong with us having emotions, because it is very human. The most important thing is not to let emotions make us make wrong decisions.
Once we are playing with our emotions, once we cannot control our emotions, it means that our life will not be better again, in everything we are concerning. Moreover if it si about trading.
Trading is not only about emotions, but emotions will really give a big impact t the process and results of the investment or trading itself.
Panic, carelessness, greedy, immediate, lack of knowledge may become the reason for people falling into trading.
ANd once we can make emotion under control we can start trading easier and well enough.
Trading is not only about emotions, but emotions will really give a big impact t the process and results of the investment or trading itself.
Panic, carelessness, greedy, immediate, lack of knowledge may become the reason for people falling into trading.
ANd once we can make emotion under control we can start trading easier and well enough.
You are saying right that don't do trading with emotions. It is not so simple.
It isn't if you're new to it.But once you get used to the market, you're settling your emotion because you know how to control it and how it can make your trades win or lose.
It's all about giving yourself the right mindset.
Your are right and i lose many time at start. Whenever market rise and one coin pumped hard then people start to book profit which result dump in price 20%-50%.
Everyone in crypto come here fir iwn profit so be safe in every trade.
Losing is inevitable and this is why you should really be that persistent on how you do make yourself to be that handling out on the current situation.It would mainly affect your emotion which would reallyEveryone in crypto come here fir iwn profit so be safe in every trade.
be the reason for you on making out rush decisions which would really be the cause of losses.Even though you could handle yourself well in terms of emotions but still wont really be that sufficient or enough
that do guarantee profits because market is unpredictable but at least you could really able to handle up yourself in various situations.
Your are right and i lose many time at start. Whenever market rise and one coin pumped hard then people start to book profit which result dump in price 20%-50%.
Everyone in crypto come here fir iwn profit so be safe in every trade.
Everyone in crypto come here fir iwn profit so be safe in every trade.
You are saying right that don't do trading with emotions. It is not so simple.
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.
So true, I have read a nice short article about it the other day. Adding the link if anyone will be interested in reading.
Emotion is a factor that runs many trader down. We I say it's as a result of greed, people want to make it by all means. They allow their emotion to control them
What I just discovered is that emotions are positive. maybe you mean emotions on a regular basis that can still be controlled and logical thinking still works. It's all up to each individual how to deal with this.
I have to say that it is totally wrong to put emotions into crypto. No matter how you use it, eventually it could actually end up making it bad and you should be avoiding putting your emotions into crypto.I understand that some emotions could be basically a way to abstract yourself from the situation but the reality is that you should not have anything at all. Why? Because the reality is that we should not be looking into crypto with any feeling, it should be just robotic to trade and that way you could make a lot more profit. I am not saying there are no people in the world who put emotions into crypto and still fail to make money.
I mean Peter Lynch is one of the best investors in the world and he once bought into a stock because his daughter and daughters friend was in love with the company, and he checked and it was a rising company for young women, that is emotion and yet he made more money from that compared to anything in his life. But does that mean he should continue? Next one may not be like that, just because it works once doesn't mean that it will continue to make profit.
Emotion plays an important role in trading and we cannot control it completely. In reality, Emotion will ordinarily come to play when you trading your real asset. It is consistently hard to be totally deadpan with regards to genuine exchanging that whenever cash is included, only that one should be extra cautious so the choice you will make won't be hundred percent affected by the feeling as that will lead you to settle on an off-base exchanging choice. You must gain skills and experience in trading and accustom yourself to making decisions based on acquired skills so that emotional thoughts and emotions do not predominate.
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.
Perfectly said, I overthink so much and it affects me so bad in the crypto space, not being able to make the right decision at the right time, I find myself always in the FOMO state, this makes me loose when am not supposed to and it's really so bad, and am trying to change that. Being emotional isn't good in this space and I will do my best not to be an over thinker, and will always make the right choices at the right time.
I do believe that it's natural to feel those things and expect that it's going to go in your way but mostly, it never does. It's ecstatic to know if it did but it's always going to be based on luck and never going to happen all the time. That's why there are strict risk management techniques that you should be utilizing in order to be successful in this trading. Whether it's in crypto or in stocks, it should be followed all the time. 
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.
Very true. Calculating the risks and investing accordingly is an essential factor in trading which many fail to understand.
Going all in and putting buy/sell orders in the wrong time often ends up in a loss.
Even I have faced the same situation quite often and lost my money. The key factor is to invest the right % of the amount at the right time to get profits.
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