Experience of failure and success can help us control the emotions. - page 4.

Unbunplease

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Quote from: ShowOff on March 26, 2023, 03:51:22 PM

Even if you don't think that emotions play an important role in the success and failure of a trader, it was different to me.

My trading experience has always involved emotions, sometimes it's good to be a little greedy, but mostly it fails due to hasty decisions. Usually emotions will make it difficult for traders to make the best decision to enter even though they are doing analysis, but in many cases emotions must also be present but cannot be put forward. The reason for the failure can be influenced by emotions, including panic at the sight of the dump.

Still, you shouldn't be afraid of emotion. Emotions provide adrenaline. Emotions keep life from becoming dull and boring. Just a little discipline and the situation will change for the better. What doesn't kill us makes us stronger. That's the truth.

KingsDen

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Quote from: Nrcewker on March 26, 2023, 11:02:48 AM

Quote from: MiF on March 23, 2023, 04:33:11 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?

Why are you making decisions through emotions? Emotions don’t have any role in trading to be honest. I mean trading is very high risk investment scheme. If you don’t understand the risk involved and trade blindly, then definitely you gonna make losses. Then you claim “emotions” as the responsible for the losses. Trading should be always done with proper calculations and predictions. Do a depth research of the coin, and then analyse it thoroughly, go through all the possible outcomes and then only invest in that coin. This is the basic rule of trading. Don’t make “emotions “ as excuse if you lose.

No matter the magnitude of advice you give to a newbie, he will only abide by the advice for a small time and will later fell for what they have been warned against. Then they will lose their money, after losing money they will remember the advice that was given then and coupled with the experience they got, they will then ammend.

No matter how careful or detailed the advice a newbie recieved is, the newbie will definitely do the newbie mistake and same is applicable to newbie scam victims.

ShowOff

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Quote from: Nrcewker on March 26, 2023, 11:02:48 AM

Why are you making decisions through emotions? Emotions don’t have any role in trading to be honest. I mean trading is very high risk investment scheme. If you don’t understand the risk involved and trade blindly, then definitely you gonna make losses. Then you claim “emotions” as the responsible for the losses. Trading should be always done with proper calculations and predictions. Do a depth research of the coin, and then analyse it thoroughly, go through all the possible outcomes and then only invest in that coin. This is the basic rule of trading. Don’t make “emotions “ as excuse if you lose.

Even if you don't think that emotions play an important role in the success and failure of a trader, it was different to me.

My trading experience has always involved emotions, sometimes it's good to be a little greedy, but mostly it fails due to hasty decisions. Usually emotions will make it difficult for traders to make the best decision to enter even though they are doing analysis, but in many cases emotions must also be present but cannot be put forward. The reason for the failure can be influenced by emotions, including panic at the sight of the dump.

jostorres

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Quote from: Bananington on March 25, 2023, 11:55:40 AM

Quote from: MiF on March 23, 2023, 04:33:11 PM

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?

Newbies who loose it and fall into the temptation of making decisions based on their emotions are those who have no person's experience to learn from, they have no guide no tutor. Newbie traders who are under the guidance of someone more experienced may be strong because their guide usually shares their experience with them and they learn from the guides experience. Because there is also a guide, they have someone who they can easily tell their plans so they can make changes, discourage them from it or endorse the plan, that way no decision is purely influenced and made in a hurry due to emotions.

Maybe they think that to have a guide will need them a capital or money. That's true but there are also free tutorials or they can also consult here in the forum because people here are willing to help someone else without asking anything in return.

Learning from someone else experience might not be enough but those newbies must also learn from their own. It can happen once they start doing trades and experience to fail. A newbie must be careful on telling everything to his mentor especially when it comes to money talks because we don't know what if they have bad intentions? Limitations must be set in place. This is why I think, being solo is still better.

justdimin

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Quote from: isaac_clarke22 on March 24, 2023, 02:44:32 PM

Quote from: MiF on March 23, 2023, 04:33:11 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?

Well it could also be our best friend if you know what you're doing. Emotion is always going to be part of us as traders and the only thing we can control from our emotion is our reaction and when it comes to trading, we know that panic selling is one of the common reactions by some random investors especially newbies in the market.

Maybe the positive emotions only because it can also help our mood to stay positive but like you said control is needed so that we can not over hodl and lose selling at the right time. Emotions will always be part of us humans and it's almost impossible to stop them because they can only come out naturally but in trading, there is a thing called bots. They can do the work for us. It helps us to stay away from our screens.

It helps if one is having a hard time of controlling his emotions. Newbies shouldn't give up early if they are losing often because it was still part of the training to gain more experience. They need to expose their selves more in the market.

Nrcewker

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Quote from: MiF on March 23, 2023, 04:33:11 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?

Why are you making decisions through emotions? Emotions don’t have any role in trading to be honest. I mean trading is very high risk investment scheme. If you don’t understand the risk involved and trade blindly, then definitely you gonna make losses. Then you claim “emotions” as the responsible for the losses. Trading should be always done with proper calculations and predictions. Do a depth research of the coin, and then analyse it thoroughly, go through all the possible outcomes and then only invest in that coin. This is the basic rule of trading. Don’t make “emotions “ as excuse if you lose.

AbuBhakar

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Quote from: palle11 on March 26, 2023, 10:42:39 AM

Yes there is a difference between experience in trading. A trader that is experienced already understand the market and the season of it on how the volatility happens during the day or night. So in such kind of situation an experienced trader knows what risk advantage he or she has looking at the time of the day either by reducing the size of risk to take, the leverage and total money management and that can control his fear and emotions but a newbie may not understand such technicality.

It's not enough that we know details technically, we must know when to applies it and in what scenario that application will works well. When it comes in trading crypto which scopes different ways to earn and techniques we must know what will work on us and only thru experience we will be able to analyze and to see what techniques can give us profit. We may experience loss but if we keep on learning and trying will eventually learn and earn on it.

palle11

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Quote from: MiF on March 23, 2023, 04:33:11 PM

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?

Yes there is a difference between experience in trading. A trader that is experienced already understand the market and the season of it on how the volatility happens during the day or night. So in such kind of situation an experienced trader knows what risk advantage he or she has looking at the time of the day either by reducing the size of risk to take, the leverage and total money management and that can control his fear and emotions but a newbie may not understand such technicality.

borovichok

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Quote from: Franctoshi on March 25, 2023, 02:23:23 PM

Emotion is one key aspect of trading that is very important, Uncontrolled emotios can lead you in taking wrong decision while trading.
The best way one can learn is from experience, those professional and portable traders out there, mostly is as a result of long term trading mistake, failure and experience and their ability to use all this in their own advantage, which has helped them to becoming what they're today.

Decisions either adds or reduce your trading accounts, it all depends on making the right decision which will sealed one through out the tough side of of the market. Of course we are all in the space for ultimate target of making profits from every single trade we come across. Emotions is versatile and it's controllable by Pro traders in the market, they already know how to deal with it since they've been trading for a lengthy period of time. A newbie should be ready to face the challenges of the market, dip losses and crucial mistakes, all these contributes to the learning process. Failure helps builds a trader to become successful in the nearest future.

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Quote from: Franctoshi on March 25, 2023, 02:23:23 PM

Emotion is one key aspect of trading that is very important, Uncontrolled emotios can lead you in taking wrong decision while trading.
The best way one can learn is from experience, those professional and portable traders out there, mostly is as a result of long term trading mistake, failure and experience and their ability to use all this in their own advantage, which has helped them to becoming what they're today.

When you arent that good of handling out your emotions then this is where it would really be affecting out your early plans that had been made which it is really just that right that you should really be that mindful on how you should really be controlling it or else it would really be messing up your entire goal.On the time that you do able to handle out your emotions then you could really be able to simply make things go
according into your plan since you do really have already that discipline and control which you do really need. Its true that failure are the best teacher because you cant really be able to
learn up things if you dont experience errors because this is where usually people do learn and not on the time that you are earning.

Franctoshi

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Emotion is one key aspect of trading that is very important, Uncontrolled emotios can lead you in taking wrong decision while trading.
The best way one can learn is from experience, those professional and portable traders out there, mostly is as a result of long term trading mistake, failure and experience and their ability to use all this in their own advantage, which has helped them to becoming what they're today.

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Quote from: jrrsparkles on March 25, 2023, 12:17:34 PM

Quote from: MiF on March 23, 2023, 04:33:11 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?

Someone with the experience of 5 or 10 years in trading field can make mistakes too but with the experience it will be easier for them to recover from their mistakes whereas newbie may lose hope and give up after certain loss that is the main difference in my opinion.

However no one can really be consistent in crypto trading because of its high volatile nature that is why it's just better to invest on long term and feel the ease while making money instead of stuck in the profit and loss loop.

Although it is not the only factor in helping us control our emotions, it is undeniable that experience will help us a lot to be able to control ourselves when trading. Experienced people are usually calmer when faced with unfavorable situations, in contrast to those who are inexperienced, let's say beginners, they will tend to panic and cannot control what they have to control, and in the end they make mistakes due to self-inflicted panic .
It can be said that most beginners experience losses because they lack experience and knowledge.

Digital_Lord

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at the beginning everyone do some mistakes because of little or no knowledge and when they make investment three or four times then they learn how to cope with the situations. Newbies fails to get what they want because they think emotionally and prefer little money or loss rather than waiting for for favorable days. In my opinion once a holder seeks to wait and have an idea about the price then his patience will lead him a successful destination. And also keep in mind that a single failure is not your failure but its a step towards you successful path and you will learn from it.

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Quote from: MiF on March 23, 2023, 04:33:11 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?

Someone with the experience of 5 or 10 years in trading field can make mistakes too but with the experience it will be easier for them to recover from their mistakes whereas newbie may lose hope and give up after certain loss that is the main difference in my opinion.

However no one can really be consistent in crypto trading because of its high volatile nature that is why it's just better to invest on long term and feel the ease while making money instead of stuck in the profit and loss loop.

Bananington

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Quote from: MiF on March 23, 2023, 04:33:11 PM

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?

Newbies who loose it and fall into the temptation of making decisions based on their emotions are those who have no person's experience to learn from, they have no guide no tutor. Newbie traders who are under the guidance of someone more experienced may be strong because their guide usually shares their experience with them and they learn from the guides experience. Because there is also a guide, they have someone who they can easily tell their plans so they can make changes, discourage them from it or endorse the plan, that way no decision is purely influenced and made in a hurry due to emotions.

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Quote

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?

There is no doubt that the crypto market is a very volatile market where any cryptocurrency can drop below its value and new investors are very worried when it drops from where they bought it.Due to lack of experience, new investors get emotional and sell their cryptocurrencies for fear of loss even though the market continues to fluctuate and go back to their first position.The first thing to do in the cryptocurrency market is to control your emotions.First of all what is the price at the time you are buying the cryptocurrency and it is very important to determine the right time.Always buy in a bear market and sell your cryptocurrency when the market goes up.Many new investors do not know where to buy and sell cryptocurrency.For this reason, they get hurt by their emotions.DCA can be the best stretegi for newbies where they can buy more of that currency when the price drops.

virasisog

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Quote from: MiF on March 23, 2023, 04:33:11 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?

We'll never know how to control our emotions in trading unless we experience both failure and success. Our experience provides the best lessons in our trading journey and it helps us grow in all aspects including the proper handling of our emotions.
Since we've experienced both losing and making a profit, we already have an idea of what's the right step to take and we already know how to control our feelings so we can make the right decisions. I could say that we'll never succeed completely unless we experience both winning and losing which will always be part of trading.

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Quote from: MiF on March 23, 2023, 04:33:11 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?

Money is tide to emotion because look at this life, everyone today work to earn money and what is the use of trying to make more and in the process you encounter losses, when you make loss in trading either as an experience or inexperience trader, you will feel the pain but the ability to overcome it depends on our level of maturity to the market, some traders quickly snap out of that mood when the did has been done but new trader that is not experience will sobber and may regret the trade. This is why it is always better to learn dummy trading before you embark on real trading, it helps minimize losses and gain experience.

Rockstarguy

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Quote from: MiF on March 23, 2023, 04:33:11 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?

Since emotion is a serious problem that can affect trading it is important beginners should start trading with a amount they can afford to lose. Beginning trading as a beginner, the amount which is uses for trading matters a lot. It is better to start small and get experience which can be used later on for trading. Emotions is one of the enemy of trading, and traders should be aware of it and try the possible best to control it. The more experience we have in trading the more we become strong to overcome emotions.

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Quote from: MiF on March 23, 2023, 04:33:11 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?

No offense. Experiences of both losing and success really can become good lessons for us, not only to help us manage better emotions but also strategy and also manage the risks. For, with experience, we may know which one to continue and which one to stop. Moreover, trading is always risky, so, from our experience, we are also expected to able to manage the risks very well and wisely. Managing emotion is also a very important rule in order to keep ourselves under control.

Topic: Experience of failure and success can help us control the emotions. - page 4. (Read 621 times)