Topic: Experience of failure and success can help us control the emotions. - page 2. (Read 621 times)
April 06, 2023, 06:01:04 PM
Having been in this market for so long, and made more money than I could ever imagine (I am not rich, just been living off my income in the past 8 years is good enough reason to say its a lot of money for me), it is true that success and failure both happened in my life and that's why I feel like its nothing at all to me. I am pretty sure that price could be 40k tomorrow or 10k and I would feel exactly the same way on both of them. It would be good to write about anything major, that's true, but the reality is that we shouldn't really feel like it would change anything in our lives at all. Not until we reach our goal of course.
April 06, 2023, 04:45:34 PM
Failure and success remind me of the Chinese yin yang concept. The concept of yin yang is used to explain the interdependence and complementarity of opposing forces in nature and the universe, and to illustrate the importance of balance and harmony in achieving overall well-being. In trading like the op said it helps to create harmony of our emotions and to have a clear head when trading.
Nothing can go as smoothly as expected, that means that each of us must experience ups and downs. Even a businessman will not be as successful as he seems without ever failing or at least losing money financially, that also applies to traders and investors because they both involve money. The successful are those who keep trying after failing, those who get up after falling until they finally find balance. 
April 06, 2023, 04:33:10 PM
In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?
Failure and success remind me of the Chinese yin yang concept. The concept of yin yang is used to explain the interdependence and complementarity of opposing forces in nature and the universe, and to illustrate the importance of balance and harmony in achieving overall well-being. In trading like the op said it helps to create harmony of our emotions and to have a clear head when trading. is something that you would be needing to learn along the way.Success isnt something that simple that could be attained or something that you could be able to achieve.Emotions
is the main thing that could alter out your plans specially on the time that you would be tolerating it.Its really that hard but not something that impossible though.
This is why it would really be just that right if we do learn up along with those mistakes and errors that we do experience.
April 06, 2023, 02:58:11 PM
In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?
Failure and success remind me of the Chinese yin yang concept. The concept of yin yang is used to explain the interdependence and complementarity of opposing forces in nature and the universe, and to illustrate the importance of balance and harmony in achieving overall well-being. In trading like the op said it helps to create harmony of our emotions and to have a clear head when trading. April 06, 2023, 01:18:38 PM
Experience can help traders develop a better understanding of market conditions and how to manage their emotions when making trading decisions. It's important for new traders to take the time to learn about the markets, practice trading with a demo account, and develop a trading plan that includes risk management strategies. By doing so, they can gain the experience needed to become successful traders over time.
April 05, 2023, 01:50:33 AM
I absolutely agree with what you said OP. if you let your emotions control you in any kind of fields, you will never reach success and achieve any goals. Plus, you have to learn from your own mistakes. And remembers that every beginning is tough, we all face a plenty of obstacles in life but once you get enough experience, everything will go extremely well.
In my opinion, Trading crypto isn't an easy field to gain thousands of bucks in a short term.
I advise newbies to start with a low budget to avoid the risk of losses. And if you are not mentally strong and don't have patience , then regrettably you don't belong this field.
Acknowledging our shortcomings is important, it is easy to be attracted to this market and the profits it could bring, but there are simply too many people that do not have what is necessary to become a successful trader.In my opinion, Trading crypto isn't an easy field to gain thousands of bucks in a short term.
I advise newbies to start with a low budget to avoid the risk of losses. And if you are not mentally strong and don't have patience , then regrettably you don't belong this field.
And I am no taking about knowledge or a trading strategy, which while important they can always be learned if you have enough time, I am talking about keeping our emotions in check, someone which is overly emotional will make severe mistakes even if they had the best strategy around the world, while someone which was nowhere near as good as a trader but which could control themselves will have way better chance to turn a profit while trading.
March 31, 2023, 01:46:22 PM
I absolutely agree with what you said OP. if you let your emotions control you in any kind of fields, you will never reach success and achieve any goals. Plus, you have to learn from your own mistakes. And remembers that every beginning is tough, we all face a plenty of obstacles in life but once you get enough experience, everything will go extremely well.
In my opinion, Trading crypto isn't an easy field to gain thousands of bucks in a short term.
I advise newbies to start with a low budget to avoid the risk of losses. And if you are not mentally strong and don't have patience , then regrettably you don't belong this field.
In my opinion, Trading crypto isn't an easy field to gain thousands of bucks in a short term.
I advise newbies to start with a low budget to avoid the risk of losses. And if you are not mentally strong and don't have patience , then regrettably you don't belong this field.
March 31, 2023, 01:15:36 PM
It is important to learn how to get better overtime with these things, but I am not entirely sure how easy it will be. Most people end up with a result that is either good or bad but they move on afterwards without really caring about it.
I basically do not believe that should be the case, they should look back both on their losses but also their winnings and see what they did wrong or right to make sure they can learn from it and grow. With that type of mindset they should be doing a lot better in the future without a doubt. I tried doing that for a long time, to be fair I know what is wrong before even I do it now, and yet sometimes still can't stop myself from doing it, be better than me.
I basically do not believe that should be the case, they should look back both on their losses but also their winnings and see what they did wrong or right to make sure they can learn from it and grow. With that type of mindset they should be doing a lot better in the future without a doubt. I tried doing that for a long time, to be fair I know what is wrong before even I do it now, and yet sometimes still can't stop myself from doing it, be better than me.
March 30, 2023, 01:27:10 AM
Emotions play a big role in the person's future because it one cannot control his emotions then he cannot do better for his future and his every decision will be wrong. I think that if a person has experience related to trading and investment in crypto industry then he will also have a power to control his emotions because a success can also be possible if you tolerate your emotions.
For anyone to become a successful trader or an investor in cryptocurrency, they must learn to set aside their emotions and follow the charts. Been emotionally involved is totally wrong as it could cost you lot of money either from losing a trade or holding onto worthless cryptocurency just because you're feeling attached to a particular coin.
Emotions shouldn't be given a chance to play a role in our financial decisions. If those who invested in Bitcoin when it was nothing allowed their emotions to make the decision for them, they won't be as rich as they're today and that's because they would had sold their coins a long time ago due to doubt that everyone was having.
March 29, 2023, 11:57:54 PM
In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?
I am currently battling emotions and how to control it while trading, once I lost a trade I always try to chase some trades in order to recover my losses Lo and behold I always incurred more losses because of defying my trading strategy, this had always been bad experience, now I had decided to close my trading App after losing a fix percentage of my total funds for trading thus close for the day and take leave till the next day bearing in mind that there are numerous upcoming opportunities of trades in the market, this is one of the steps I am trying to inculcate into my trading ideas which I believe is the solution to my emotions.As it does not matter how good you are as a trader, no trader can win every single trade they make and they have to eventually face losses, if I were you I will give special attention to this detail as it is a flaw which could eventually bring you losses from which is impossible to recover.
March 29, 2023, 06:03:10 PM
Generally speaking, emotions are what make us act. If we lived without emotion, we would get bored very quickly. Emotions in trade may not be a good thing, but emotions lead us to, for example, accidentally discover a new plan of action. And we can always set up a trading bot.
March 29, 2023, 03:17:18 PM
In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?
I am currently battling emotions and how to control it while trading, once I lost a trade I always try to chase some trades in order to recover my losses Lo and behold I always incurred more losses because of defying my trading strategy, this had always been bad experience, now I had decided to close my trading App after losing a fix percentage of my total funds for trading thus close for the day and take leave till the next day bearing in mind that there are numerous upcoming opportunities of trades in the market, this is one of the steps I am trying to inculcate into my trading ideas which I believe is the solution to my emotions.We cant really just start on being a pro on first few tries on which it would really be normal that emotions and mindset is something that you would be needing to adjust on times like these.
There's no way we could be able to achieve success without passing up these things.
March 29, 2023, 01:22:33 PM
After losing more in trading then realize and can control my emotion right now despite how important about earn or take profit as soon possible although few percent than keep holding with greedy to earn much profit. I am most loyal trader and my mindset holding is the winner, seems loss control about holding is not always as the best option because have stop loss can recovery back our loss by reinvesting on lower price.
For the next time entry when trading altcoin or bitcoin I will try implement about take profit under 10% and have brave for using stop loss because always get second chance take recovery our loss by reinvesting with lower price. I have to control my emotion not greedy when trading and need to cut loss some time and don't be loyal for long term holding actually when moment market crash.
For the next time entry when trading altcoin or bitcoin I will try implement about take profit under 10% and have brave for using stop loss because always get second chance take recovery our loss by reinvesting with lower price. I have to control my emotion not greedy when trading and need to cut loss some time and don't be loyal for long term holding actually when moment market crash.
March 29, 2023, 12:53:37 PM
In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?
I am currently battling emotions and how to control it while trading, once I lost a trade I always try to chase some trades in order to recover my losses Lo and behold I always incurred more losses because of defying my trading strategy, this had always been bad experience, now I had decided to close my trading App after losing a fix percentage of my total funds for trading thus close for the day and take leave till the next day bearing in mind that there are numerous upcoming opportunities of trades in the market, this is one of the steps I am trying to inculcate into my trading ideas which I believe is the solution to my emotions. 
March 29, 2023, 12:45:52 PM
Many traders experience losses because they struggle to manage their emotions, which can have a significant impact on their decision-making process and even lead to substantial losses.
experience plays a critical role in decision-making. This could be why many new traders experience losses, as they may not have enough experience to effectively manage their emotions and make informed decisions.
The reason while new traders get lost in most of their trader might be as a result lack of understanding the scenarios of Trading, because when you know when to be in trading market and when to go out of the market their's every tendency that you come up with profit, but a situation whereby a new trader is inquisitive to join trading without understanding the rudiments of trading, theirs is every tendency that it may end up venturing into negative side of Trading, its very obvious. experience plays a critical role in decision-making. This could be why many new traders experience losses, as they may not have enough experience to effectively manage their emotions and make informed decisions.
There is still a chance that they can improve their selves. They only need more exposure in the trading field. I wouldn't advice using demo trade or too low amounts because their emotion can also change. They will be more confident this way.
March 29, 2023, 12:23:14 PM
How can we actually control our emotions if we can't take our eyes away from our wallets?
Most new traders believe that constantly checking their wallets will provide them with peace of mind because they will be monitoring the movement of their investment's prices, not realizing that their emotions will not allow them to keep the coin if the price falls.
To some extent, I don't blame beginners for keeping an eye on their wallets because it is something new to them, but I am confident that with time and experience, they will adapt because experienced investors always set goals and stick to them.
Checking our money in our wallet too often is not good, you are right it really affects our emotions. Sometimes when we see that our money has increased just a little, we want to take it, so if our money decreases, we want to take it immediately because we are afraid that we will lose more and more. So as much as possible we don't check our wallet too often. But that doesn't mean we don't check it at all, because we also have to watch it.Most new traders believe that constantly checking their wallets will provide them with peace of mind because they will be monitoring the movement of their investment's prices, not realizing that their emotions will not allow them to keep the coin if the price falls.
To some extent, I don't blame beginners for keeping an eye on their wallets because it is something new to them, but I am confident that with time and experience, they will adapt because experienced investors always set goals and stick to them.
Gals like this do happen to beginners, yes, I really understand this action because I personally did that at the very beginning. But with the passage of time, we will definitely understand which ones we have to do and which ones we have to avoid to become good investors.
March 29, 2023, 12:20:40 PM
Emotions play a big role in the person's future because it one cannot control his emotions then he cannot do better for his future and his every decision will be wrong. I think that if a person has experience related to trading and investment in crypto industry then he will also have a power to control his emotions because a success can also be possible if you tolerate your emotions.
Newbies have little knowledge so they cannot imagine that what can be occur as a result of their fear. People also have greed which is also a form of emotion and whenever the price become high they think that it will enhance more and more so this greedy behavior will loss all of their profit.
Newbies have little knowledge so they cannot imagine that what can be occur as a result of their fear. People also have greed which is also a form of emotion and whenever the price become high they think that it will enhance more and more so this greedy behavior will loss all of their profit.
March 29, 2023, 11:52:24 AM
In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?
How can we actually control our emotions if we can't take our eyes away from our wallets?Most new traders believe that constantly checking their wallets will provide them with peace of mind because they will be monitoring the movement of their investment's prices, not realizing that their emotions will not allow them to keep the coin if the price falls.
To some extent, I don't blame beginners for keeping an eye on their wallets because it is something new to them, but I am confident that with time and experience, they will adapt because experienced investors always set goals and stick to them.
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March 29, 2023, 11:22:14 AM
In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions
I think the number one enemy in cryptocurrency trading is accepting the fact that crypto is always come with risk and the only way to avoid the risk is to choose a good coin and it the market is not in your favor hold it for the long term since the coin will relevant in the market 
March 29, 2023, 05:25:42 AM
There's no such thing as perfect trading so it is normal to fail in crypto trading especially if we are just at the beginning of our journey. Failing doesn't mean that you won't succeed but rather it can be a big motivation for us to learn and be better. If we have experienced failure, we already know what to expect and through that, we can handle our emotions. Dealing with our emotions is quite hard sometimes because trading could give us a roller coaster ride of emotions so we should be firm in handling what we feel.
Failing is horrible if you do not learn from it. But it is one of the best teachers if you have learned something from it as well. I have failed many times while trading and some of them were out of nowhere and I couldn't understand why I lost, and yet when the time comes I learned from my mistakes and thanks to that I am not making as many mistakes as I used to, which is an amazing thing.I hope that most people will do something similar when the time comes and we will end up with something much better on the long run. I know that's not going to be easy for the newbies, wasn't easy for me neither, but when they start to learn from their mistakes, they will start to become a great trader.
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