Topic: Experience of failure and success can help us control the emotions. (Read 637 times)

Failure is never any man's wish to get,but it is something that we must face either in one way or the other.To some persons,they see failure as failure,but I see failure as part of success,because if there is no failure,there can't be success,and if you don't fail,you won't be happy when you succeed.Failure is accompanied by experience,and experience is very important in the game of trading.It is only people who have experience in the game can tell you about the different strategies to use while trading,or investing.People who are mostly affected when they lose are people who haven't experienced failure before,they take it to heart,because they don't believe failing will give them a better experience about the next trading session.

A newbie may decide to start directly to trade live account but it is better to go first through demo except the newbie has so much money to throwaway. People who trade on demo still make alot of mistakes while trading live account so there is no need being in a haste to start trading live directly. It is better to begin the mistakes from demo before graduating into live account trader. There is so much to learn in trading so no need to rush.

It is indeed that experiences will shape ourselves in the future . It makes us grow as a person. Whenever we are in different situations, we have different emotions that may be experienced. This is important to recognize and understand since it would help you analyze each situation and assess the emotions you experienced. This will help us to be better next time and do what should have been done at the first place.


I think this is a good idea since i  this way you could have your first trading experience with hypothetical money that isn't real. This would help you experience losses without compromising your hard earned money. But keep in mind that investing is risk and in no time you have to make your self be in that situation of risking through investments. I think people would only learn from their experience if they would fully assess and reflect on the actions that they do. If they just experience the emotions from losses without thinking further what really happened would make you gain no real experience from it.

Depending on how well a person is doing financially, maybe trading in a demo account until gathering experience may be a better option. I saw many traders get wiped out early on in the pandemic and they stopped trading because they couldn't afford to lose the amounts of money that they lost, and felt "cheated."

People are wired to work ad gain income from their work, losing large amounts of money can break people down very early on and then they never gain the experience necessary to be profitable with their trading.

This is the reason i always recommend every new traders to start trading with real money and don't follow any youtuber or telegram channel. As a newbie one can make many mistakes but these mistake will teach many skills and every mistake will increase your confident and next time you will be able to trade free of tention and as OP mentioned The more you trade your emotion will be controlled.

Learning from past mistakes is how humanity grows as well, that's the thing that allows us to grow as much as possible. I can tell you two things that history has proven so far, first of all when printing press became widely available, or even started to be used, we started to learn that we can spread information around, and get more information from everywhere, this allowed people to take on previous information and build on top off that, while before that it was harder to pass on information.

This allowed past mistakes to be not repeated and start from a good place. Secondly, when Rome was built, they were better than everyone because they learned from mistakes and collected data of it, whereas most others around them just made guesses and had no records kept.

People lose the most on crypto trading platforms trading on emotion. Second: They lose the most due to greed. Although emotional, when a person trades and makes some profit in the first instance, a lot of greed is awakened in him. That greed makes trading more long-term. As a result, they lost a lot later. So I would say those who trade should never trade with passion and greed. Success in trading can only be achieved if these two things can be excluded.

The psychological factor in this case plays a significant role. And the main question is whether one learns better from others' mistakes or only from one's own. To learn from the mistakes of others, one must be clearly aware of the reasons and motives that caused them. But is a person willing to understand other people's motives if he cannot understand his own?

We do lean from our mistakes and not on those good or positive outcomes because these are the results out of those mistakes that we are trying out to correct which it is really just that indeed right that we do learn
from our mistakes and this is something a career which you would really be needing that continuous learning which is something that inevitable or something that you should need to embrace.
Some people are really that easily get discourage on the time that you would really experiencing losses and completely stop on what you are doing unlike on other people
who doesnt really easily quit despite of those errors and mistakes.

Well, I guess life itself has its certain ups and downs, but the good thing is we learn from them and eventually we get up and move forward. Same with trading and investing, failures are inevitable but if we can deal with them positively, mentally and emotionally, it will lead us into achieving success. As failure is never the end of our lives, it’s just a reminder that we have to work on it to make it right and successful.

I fully agree with you, controlling our emotions is one of the hardest things in trading that even after years of experience remains difficult. How many times has my stomach told me to  sell my positions now, without any real reasoning behind it. Feelings like greed and fear are a big problem that and can lead to losses if we give in to them. That is why we need to actively control our feelings and live with them. I found that gambling is a great way to get used to dealing with losses. When playing poker there are situations where you play correctly, but still lose due to randomness and bad beats. For example when you hold the two best hands AA or KK, you will try to get as many chips as possible in the middle. And even through you have the highest winning chances there is no guarantee we will actually make money. That was the hardest lesson for me  to learn in trading as well. Even though you make the right analysis and decision, when the market is against you there is not much we can do than accept it. Having the mental strength to accept situations that we can't change and don't fall into a black hole is important for any trader.

Initiation of crypto is easy but making decisions of taking next step is harder so we should focus on our decision because at harsh condition our decision matters a lot. All the time a person think to make quick income but instead of earning money early he become sad due to failure. If a person is familiar with volatility and has the knowledge about the key features of trading then he can do his best but understanding is important. Also remember that you cannot achieve your purpose in a single try but at start you will face more difficulties and then your path become correct. Whenever the market is going in opposite direction with your hopes so try to understand that in such situations do not make decision through your emotions but think positively with calm mind.

Eliminating emotions or trying out to remove it does really sounds simple but its not really that easy to be done even how long or old you are on dealing with the market.We are just humans which means that tendency of

sudden burst of emotion is really just that normal specially on times that we do see the market isnt really that behaving on what we are expecting.Well, experience is really indeed the key on making yourself
way more better as the time goes on but it cant really be avoided that you would really be that emotional on some key areas. This is why it is really that necessary that you should
be aware on what are the things that you've been doing or simply trying out to be that versatile as much as possible.

Emotion is a big player in the trading of cryptocurrencies.
If emotion is removed in trading, you will understand that we will all behave like bots. Whether we lose we lose to the end, whether we win we win to the end.
But if emotions is not considered in cryptocurrency trading, where them would be the place of risk management.

Emotions works in conjuction with instinct. When an amateur trader has the instinct of winning, he would increase his capital and then increased his leverage to win. He may be so unlucky that in the end he will lose them. Then that will count as an experience for him for future reference.
Almost every newbie makes the mistake of emotion when they start trading but as long as they proceed and get more experience, they would tend to place skills over emotion during trading.

Like any professional that depends Most traders are not successful Whether that's, through stupidity,
ack of hard work I take my hat off to them for having to go at something very difficult.

trading is very difficult because you have to trade with size. That includes your pension fund
that urgently needs to get out of a losing position.

Of the successful ones, they're a mixed bag. Some of them have enabled enormous, positive change in the world in completely unrelated fields with the proceeds of their success.

When Rockefeller was asked how much was enough money, his response was
'just a little bit more' i hope you get the point.

As long as people keep on looking for others to help them out, they will not learn a thing. But if they try to learn to fly themselves, they can figure out what's wrong and they may end up making a much bigger profit from it as well.

Not many people approach it that way, and that's a sad reality of the world we are living in right now, they just think that since we are in a social media world, they can reach out or find someone who could help them get rich, that's why this new tech world made it easier for us to get rich. That's not true, and they are wrong, which usually ends up with them either getting scammed or losing money. I hope that it gets better in the future but that shouldn't really be a big problem for us if we are careful.

One of the things that I have read in some books by very famous operators is that an analysis cannot be induced thanks to certain information, that is, not opening articles or seeing news while the market is being analyzed, because that information can be carried to another context of all the decision that is made, that is, our analysis would be dispersing, That is why it is recommended to read news, read articles after the market has been analyzed, but with the exception of following the rules themselves, that to avoid changing plans, which is just why many traders fail and lose.

If the peoples are wise then those will of course gain all the good aspects of life from experience. However, it is different for those who lose because they do not control their emotions or make a mistake and do not learn from it next time.
However, the survey showed that most of the traders, i.e. successful traders, learned from their wrong steps and used that experience the next time to be successful.
And if I talk about myself, then I will say that yes, the mistakes that I made in my early days of not being able to control my emotions have reduced in many cases, so in my case, yes, people can control their emotions from experience.

That is why mistakes or losses are the best teachers in the world; you will learn valuable lessons from them, and now is the time if you can still stand up and recover from those things. That is why we should treat it more as an opportunity than a failure, because we can gain something if we create an opportunity on it rather than being sad and not reflecting on it.

Experience is the most important thing when it comes to trading (for me) because if you doesn't have any experience in trading, you cannot train yourself on how to be emotionless when trading.

When I'm starting to trade, I can't control my emotions that's why I ended up getting FOMO'ed twice at that time. I experienced having my capital wiped out because of wrong entry in the futures. All of the failures that I experienced back when I was a newbie really helped me to what I'm doing in trading now. I don't have 100% win rate as of this moment, but I can say that I have more wins than losses now when it comes to trading.

As for the newbies, I believe that lack of experience really is one of the reason why newbie traders are losing. They don't know the feeling of entering and exiting, they don't know what they will do if suddenly the price of the coin went below their entry point. Experience is a big role in trading, and newbies loss more often because of lack of experience. What's good is that, there are some newbies who doesn't stop when they got losses in trading, and instead they're learning from it, adjusting from their mistakes, and will try their best not to do it again.

Overall, experience in both winning, and losing is a big help for a trader to become emotionless when it comes to trading.