Emotions should never be traded. - page 9.

AakZaki

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Quote from: Kelvinid on August 13, 2021, 10:59:13 AM

Personally, if we wanted to have positive results on our trade, we have to learn first how to control our emotions. Apparently, this was the challenging part of trading as we all know that it was really hard to do it in real life.

Although we can't make ourselves to commit that, it wasn't a failure for me. Emotions are a natural feeling for everyone and could certainly it gives a huge impact on our trades (negatively) but have to accept this as we have no chance to stop nor to totally eliminate this thing.

Emotions that exist in us can not be stopped, but still can be controlled. The best way to train emotions or psychology when trading is to trade as often as possible, it will train our emotions to what extent. when we are able to control our emotions and not panic too much when the market conditions are not good, of course we will trade in the right way according to the initial strategy.

dothebeats

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A lot of people still fall prey to their emotions when it comes to investing and trading. Take for example Axie Infinity and its SLP token ATH in July. A lot of people impulsively bought axies back then and ended up seeing the rewards greatly diminished after the price of the SLP token normalized. Some friends also got burned, though they would still be able to recoup the losses if they stay patient and not try to sell what they have right now.

Had they studied the market properly and realized that the hype is just temporary, they wouldn’t get anxious if they can still get back the money they invested for several teams. It is what it is though, and there’s really no changing things that happened except for learning from those past lessons.

kawetsriyanto

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Quote from: zanezane on August 13, 2021, 11:56:21 AM

remember that it's your mentality and attitude that can save you when you are trading

Yep. Have a good mentality or attitude such as the ability to control emotion, is exactly a crucial thing in trading. When you trade with emotion, you probably decide to buy or sell your coins instantly, without considering fundamentals or any other factors. This can lead to big losses and you may end your trading journey soon after that. There are many cases that people leave trading because they cannot control their emotions. It should be a warning for us to improve our ability in controlling emotions.

topbitcoin

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Quote from: Bitcoin9920 on August 11, 2021, 10:38:05 AM

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.

Being emotional in trading activity can be happen to anyone, even traders who already get a lot of experience in trading sometime faced it. If me honeslt i am not resist if in day trading i always get emotional that is why i change my trading style to buy and hold big coins. Maybe other people if can really push their emotion in trading and keep stay calm, will be very success in it.

Mahanton

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Quote from: TheGreatPython on August 13, 2021, 03:33:22 PM

Quote from: Bitcoin9920 on August 11, 2021, 10:38:05 AM

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 is the problem with a lot of people, they are always finding it difficult to know when they should invest their money. For them the best time to start investing is when the market is going up and when they start selling is when the market is going down. They just don’t know what to do, and due to that, they will invest wrongly and lose their money. It happens to a lot of people. Instead of buying an asset when the market is going up, it’s best to buy it when it crashes and then hold it till the value increases and then you sell it before the market starts to crash.

How come that it became simple? Its always been difficult on where we should invest our money and due to doubts and hesitations then its normal that decisions would really become a hard thing to call on.
Emotions is common because we are just human and we do value much our money that we do hardly earned and in the time that we do consider out some investment the those kind of emotions
would pop out and when you arent having some experiences then this is where mistakes do came from and we should really be aware and be prepared on what are the things
we should gonna do next.

TheGreatPython

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Quote from: Bitcoin9920 on August 11, 2021, 10:38:05 AM

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 is the problem with a lot of people, they are always finding it difficult to know when they should invest their money. For them the best time to start investing is when the market is going up and when they start selling is when the market is going down. They just don’t know what to do, and due to that, they will invest wrongly and lose their money. It happens to a lot of people. Instead of buying an asset when the market is going up, it’s best to buy it when it crashes and then hold it till the value increases and then you sell it before the market starts to crash.

ReiMomo

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Quote from: Bitcoin9920 on August 11, 2021, 10:38:05 AM

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 is kind of falling into manipulation. As you correctly say, lets not get into order books when the market is manipulated. Never get in when the concern coin you wish to invest, just suddenly goes up. Analyse and be updated on new updates to the coin you are investing. For an example, if you are going to invest in a good coin and thats going to be listed on a reputed exchange, then yes, you have your treat there. Like wise, watch out for good updates and wait and place your order accordingly. Never let your emotion lead you on trading.

zanezane

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Quote from: Mamun74 on August 13, 2021, 09:07:30 AM

When you start trading with excess emotion then you don’t success in trading. Trading is a Business. You should control your emotion When you trade. Remember that emotion Won't able to success your trading. Learn from every mistake, Don't be panic.Kepp patience and move on.

Just learn how to control it and you will be good to go, remember that it's your mentality and attitude that can save you when you are trading, trading is risky in itself so you don't want to mix it with erratic emotions.

qwertyup23

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Quote from: Bitcoin9920 on August 11, 2021, 10:38:05 AM

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 have to highlight the last point you made since this is the most important aspect in trading- "never trade based on your emotions."

The problem with trading stems from the experience of the trader. More often than not, most newbie traders are not accustomed to trading with their resources. They have this false sense of security and hope that whenever they trade, it is going to be considered as "easy money" on their end. But in reality, most newbie day traders lose like 97% of their money.

Like what I previously mentioned, experience plays a vital role in this type of field. Once you get to establish all the necessary indicators, then your trading portfolio would be manageable.

Kelvinid

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Personally, if we wanted to have positive results on our trade, we have to learn first how to control our emotions. Apparently, this was the challenging part of trading as we all know that it was really hard to do it in real life.

Although we can't make ourselves to commit that, it wasn't a failure for me. Emotions are a natural feeling for everyone and could certainly it gives a huge impact on our trades (negatively) but have to accept this as we have no chance to stop nor to totally eliminate this thing.

xmonkeyx

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Quote from: Bitcoin9920 on August 11, 2021, 10:38:05 AM

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 right, that's why when buying at a high price and suddenly the price drops it makes you panic so that you decide to stop loss and hold your loss is a mistake that often occurs and is done by beginners. if in my opinion look at the prospect of the coin before investing and leave it or keep it on hold until you get a profit.

Questat

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Quote from: Ararbermas on August 13, 2021, 09:17:21 AM

Actually if you really educate your self at the first place such what are the disadvantage and advantage and challenges to face in trading, perhaps you can control your emotions and you know already what's the best solution for any scenario in trading.
but sad to say more people nowadays is diving in without hesitation and repent afterwards. They don't aware in any circumstances when it comes trading even they can't afford to lose money from it.

They rush on the market thinking all in the positive but never in their thinking what will happen if they commit mistakes. They keep ignoring the negative side of trading. Lack of market knowledge, overconfident, and lastly, they have no plan.

Quote

Trading isn't a joke to be honest wherein if they will continue doing the same mistakes and don't have any plan to educate their self first while it's not late. Then all i can say is good luck!..

Committing mistakes were common for the novice but if that could be consistently doing, there is no way to succeed. I could really be seeing big losses on their side than making money. Changing their attitude might help it out but the best thing it helps them is to find a way to correct their mistakes as soon as possible.

AakZaki

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Quote from: ultrloa on August 12, 2021, 04:58:04 PM

Certain things will come to each trader since even how good they are still they will be FOMO for certain situations that can mis concept them on certain movements of the price of the coins in the market. But what good thing about those great traders is they know how to recover back their losses and that one is the attitude we need to follow if we want to earn and we shouldn't get panic ince market goes down and always treat it as perfect time to buy.

panic will only add to our losses more and more. professionals will indeed have a backup strategy when they are caught in a situation that will cost them money. restoring the situation and recovering losses is certainly not easy, it takes good analysis to find out where the market will go. Capital reserves are also needed to recover losses.

Ararbermas

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Actually if you really educate your self at the first place such what are the disadvantage and advantage and challenges to face in trading, perhaps you can control your emotions and you know already what's the best solution for any scenario in trading.
but sad to say more people nowadays is diving in without hesitation and repent afterwards. They don't aware in any circumstances when it comes trading even they can't afford to lose money from it.
Trading isn't a joke to be honest wherein if they will continue doing the same mistakes and don't have any plan to educate their self first while it's not late. Then all i can say is good luck!..

Mamun74

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When you start trading with excess emotion then you don’t success in trading. Trading is a Business. You should control your emotion When you trade. Remember that emotion Won't able to success your trading. Learn from every mistake, Don't be panic.Kepp patience and move on.

Qirtov

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Emotions become a barrier to trading because some people still find it difficult to control them. it seems that practicing self-control of emotions is important before you enter the world of cryptocurrency because it will be useless if you understand the basics of krypto but can't hold back emotions. The crypto market will often play with your emotions, so you really have to be aware of the situation. especially if you are young panic this is really not recommended. You have to train your emotions from now on.

Vaculin

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Quote from: carrigan on August 13, 2021, 07:16:15 AM

I agree with you. emotions should not be poured when you are trading this is a big mistake, you can make the wrong decisions and not focus. You need to be able to control your emotions in order to be able to analyze the market well. Don't be easily provoked by emotions when the market rises sharply or vice versa. before you buy or sell coins you really have to understand and analyze the possibilities that will happen. if you have already bought coins at a high price and the market suddenly drops, you can choose to hold temporarily instead of having to sell coins at a low price.

it was too easy to tell but honestly, it was too hard in real life. That is why only a few people have become successful while numbers of traders just fail. I know that nobody wants such a thing but because we are human beings, surely we can still felt it no matter what we say we have to stop. Maybe this is one reason why some traders are using trading bots aside from having no time on the computer but will likely to help from being emotionally stress.

breathlessz

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Quote from: Xinarae* on August 13, 2021, 07:26:21 AM

Risks cannot be avoided if emotions are not controlled emotions should be controlled whether you trade or not. The emotional person is never able to make the right decision so the process of losing will be more if you ever lose a large amount of money, you should first plan how to recover the loss quickly not quickly never forget to be emotional and take more risks. In order to recover the loss quickly if you zero the account with more risk it will not be traded anymore so even if it takes time slowly cut the loss in stages first then try to gain again.

When we are emotional, of course, we cannot think in a healthy way, so whatever we do cannot be controlled because it is controlled by emotions. they don't think that later there will be another opportunity to make a profit, and today's loss is cut loss and tomorrow we are looking for profit again. It's little things like this that rarely can be done by everyone

Xinarae*

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Risks cannot be avoided if emotions are not controlled emotions should be controlled whether you trade or not. The emotional person is never able to make the right decision so the process of losing will be more if you ever lose a large amount of money, you should first plan how to recover the loss quickly not quickly never forget to be emotional and take more risks. In order to recover the loss quickly if you zero the account with more risk it will not be traded anymore so even if it takes time slowly cut the loss in stages first then try to gain again.

carrigan

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I agree with you. emotions should not be poured when you are trading this is a big mistake, you can make the wrong decisions and not focus. You need to be able to control your emotions in order to be able to analyze the market well. Don't be easily provoked by emotions when the market rises sharply or vice versa. before you buy or sell coins you really have to understand and analyze the possibilities that will happen. if you have already bought coins at a high price and the market suddenly drops, you can choose to hold temporarily instead of having to sell coins at a low price.

Topic: Emotions should never be traded. - page 9. (Read 1721 times)