Experience of failure and success can help us control the emotions. - page 5.

Lanatsa

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Quote from: lousie9 on March 24, 2023, 04:57:40 PM

Quote from: MiF on March 23, 2023, 05:33:11 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?

You are right and I totally agree with your opinion that in trading activities the many experiences we have can of course make us accustomed to controlling our emotions. not only that but we can also sharpen and sharpen our decision making.
yes most beginners will experience losses when trading because they do not have enough experience. for beginners don't give up easily because for beginners this is just the first step to continue to develop their trading skills and abilities. because every professional and successful trader starts his journey from being a beginner to.
the more experiences we go through will make us more developed so keep trying even though sometimes we experience losses, but always remember to set a loss limit so we don't lose everything.

There are really just people who cant just be able to handle out their emotions and they do easily get discouraged and completely stopped on the time that they would really be experiencing difficulties and failures
which we do know that its always been part of the learning process and the fact that there's no such thing about perfect trader or investor in the first place.

This is why you should really be that open minded when it comes to these scenarios on which it could really be making you more better and more good towards your trades.
You should be mindful on lessening out your mistakes and errors overtime.

lousie9

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Quote from: MiF on March 23, 2023, 05:33:11 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?

You are right and I totally agree with your opinion that in trading activities the many experiences we have can of course make us accustomed to controlling our emotions. not only that but we can also sharpen and sharpen our decision making.
yes most beginners will experience losses when trading because they do not have enough experience. for beginners don't give up easily because for beginners this is just the first step to continue to develop their trading skills and abilities. because every professional and successful trader starts his journey from being a beginner to.
the more experiences we go through will make us more developed so keep trying even though sometimes we experience losses, but always remember to set a loss limit so we don't lose everything.

isaac_clarke22

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Quote from: MiF on March 23, 2023, 05:33:11 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.
Just like what good old quote says about rationality:

Quote

Reason over emotion

And yes that's why they're called newbies. They need more experience and exposure in the market.

Vaculin

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Quote from: MiF on March 23, 2023, 05:33:11 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?

Having no experience in trading is certainly a disadvantage for trader as he will only waste his time and money and still end up losing everything. That’s why newbies should always make the most in gaining knowledge and experience at first as it will help them to control their emotions when they are already in real trading. Not just for newbies alone but also for those traders who have been trading for long, if they have no enough experiences in trading, they will surely find it hard to control their emotions and become successful in trading.

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Quote from: MiF on March 23, 2023, 05:33:11 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?

In reality, it's your maturity that can play a big role in this one. You will never be able to control your emotions because that is really an internal part of yours and when it comes to the money market, it's always at its peak level mate. Have you ever traded for real and seen how the heart pumps when you see red candles? In a similar way how excited one gets when it's going for a green candle?

Everything is related down to the atomic level when it's to money. Even a big bull can get scared when his investments are burning and the market is crashing because that is the start of a bear market and the bull can go crazy about it.

A maturity level comes after years of trading practice but by that time you are far away from the initial goals/visions for sure. - ask an oldie trader about this, you will get the drift.

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Quote from: MiF on March 23, 2023, 05:33:11 PM

is this a reason why most of the newbie loss is it because they don't have enough of experience?

You are right, of course every beginner who has no experience will probably experience a loss first. Of course for beginners if they lose trading at first it is a very natural thing in my opinion because they are in the process of trying and failing. Because they are beginners at the stage of executing their knowledge or theory into actual trading activities.
The experience that we already have and go through in trading activities will succeed in enabling us to determine and control our emotions if we are aware and willing to evaluate every mistake in our experience when trading.
But on the other hand, even though we have a lot of trading experience, it will never be effective and we will definitely continue to lose money if we are not good at correcting / evaluating ourselves and our strategy.

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Quote from: MiF on March 23, 2023, 05:33:11 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?

Having an experience is one characteristic of a successful trader, Even successful traders has their own experience having uncontrollable emotions that lead them into losing couple of their trades. The thing that separates a good newbie to a bad newbie is that a Good newbie took the failure as a stepping stone and become part of his experience in road to becoming a successful trader unlike bad newbies who keep doing it repeatedly or certainly stop trading after being on a loss because of the unnecessary emotions they expresses. These experiences will soon become a knowledge for those who are really determined to learn and want to become a successful traders. I believe that wrong decisions and experiencing an emotion based trades is inevitable and it is one of the foundation of a successful traders. As they grow, They can easily and determine how to avoid these.

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Don't forget that more evaluation is also a process of emotional maturity for traders. Today too many traders rely on signals, copytrade, and other automated trading tools, along with their own stories of failures and successes. So basically you can say they have zero experience independently even with a portfolio value of thousands of dollars.

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Quote from: MiF on March 23, 2023, 05:33:11 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, that's why they are called "newbie" for a reason, meaning obviously they don't have enough experience yet, and also we should expect more losses especially if they are just newbies. Experience is earned in a very long time process, and not all of the experience will teach you something valuable in return, but sometimes it depends on how you will take those experience, as your teacher or discourager.

Controlling your emotions will be hard, especially if you have a very high pride and big ego. For me the easiest way to control your emotions is when you can easily accept the result, move on, and learn from every mistakes you've made.

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Quote from: MiF on March 23, 2023, 05:33:11 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?

For me, experience plays the most important role because it is something that cannot be bought with money, to get the experience, you need to trade your time and money to get it, even a lot to get it. That's also why I rarely give advice to newbies, because there's no better advice or lesson than experiencing it all for yourself. I often tell newbies who want to make money first to accept losses in exchange for experience, I believe no one can win the first time.

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Quote from: MiF on March 23, 2023, 05:33:11 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?

Yes, experience has very big role to play for traders to make money from trading. But in reality, some traders continue to fail, that is just the truth.

The reasone some traders continue to fail is even beyond emotion, it is just greediness, they like high leverage, they continue to use high leverage and they continue to lose, spend more time on the screen and trading become a problem for them.

Not only the newbies are losing, some people that have been trading for awhile too may continue to lose more than gain, trading is simple to learn but not simple to make money with it. Newbies lose because of lack of experience, some will later understand their mistake and not see trading more as a way to make fast money, but as a way to gradually make money than losing it.

Quote from: crzy on March 23, 2023, 05:41:38 PM

Experience can only be learn once you are able to go out of your comfort zone and start taking risk, with this newbies are more prone to error and losses because they are still trying the water, that's why its advisable to start small first and don't rush in the market.

Sorry, I do not understand this. What is getting out of your comfort zone has to do with trading?

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Quote from: MiF on March 23, 2023, 05:33:11 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?

The more experience you have, the better you control your emotions so to answer your question, it's yes.

When I was a newbie in trading, there was also a time where I got FOMO'ed, and because of that I lost a half of my capital. I learned from that mistake of mine, but that wasn't enough learnings from me because I did it again the second time. I got FOMO'ed again and lost more than half of my initial capital. From that, I learned from it because I already experienced losing in trading. Though I can't say that I'm not experiencing any losses in trading, I can say that currently, I'm profiting more than losing in trading, and I'm not doing the same mistakes that I did again.

Experience really is a huge thing when it comes to trading because from that, you will learn and you will adjust to it. If you made mistake, you will adjust base on what happened to you. You will not learn if you didn't experienced it. Maybe there are some traders who for some reasons, traded very well since they started, but most of the newbies really tend to lose their money as they start, and one reasons is their emotions.

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Quote from: MiF on March 23, 2023, 05:33:11 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?

A lack of self-control and experience are without a doubt two of the most important causes why traders in general lose their money to other market participants.

But they are not the only ones, taking risks that are too high, lack of money management skills or not having a complete trading strategy are also important reasons why this happens, and with this in mind you need to concentrate on improving on all of those aspects, because a single moment of weakness can be enough to produce massive losses and you need to reduce the chances of this happening to you as much as possible by trying to improve your overall skill as a trader and not just a small number of skills and leave a glaring weakness on your ability to trade the markets.

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Experience is the best teacher, once you experienced failure in your crypto trading in the past, it help you to know some of the things that made you failed and how to control yourself not to experience the same thing than to maintain some of the things that will give you success in the future. Many traders don't purchase Bitcoin when the price is high in the market, because they have experienced something that is not favourable that made them to change their decision to purchase Bitcoin when the price is low in the market. I don't think, emotions will control me to sell coins in the wrong period because I have learned from my experience never to be an hurry to sell without Carry out personal research.

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Quote from: MiF on March 23, 2023, 05:33:11 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?

Most of the expert is once a newbie before we become knowledgeable we start from nothing until we start exploring and encounter so many failure and so many trials in trading, if i were a newbie i will still trade but i will use a small capital because i am still in a stage of learning and if i failed i will not feel anger because i only use small capital and even if i failed i am still earning knowledge that i can used in a Future trading.

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Quote from: Ndabagi01 on March 23, 2023, 07:40:17 PM

When you fail to manage your emotions, you fail completely in trading. Emotions have a significant impact on trading and can influence your decision-making process, which in turn influences your trading. Being able to control your emotions is also related to how well prepared you were before entering the market, as well as your ability to maintain a positive attitude or mindset regarding the outcome of a trade. You don't fail once or twice and then give up; you have to keep trying until you get it right. If your emotions get in the way, you won't get anywhere.

Once you have experienced so many losses in trading you'll one day get used to the market that can surge or drop quickly. Sometimes you already have the feeling that you will just let the opportunity pass and wait for the next month's bottom.

You wouldn't even have to manage your emotions but just tend to your otherworldly business and let go of it and try next time when the opportunity passed.

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Quote from: MiF on March 23, 2023, 05:33:11 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 for sure, because if this is the root, the capital of every trader especially newbies will be affected, and it will lead to more losses.
So for me, if you are trading, make sure to don't let your emotion control your trades. You should separate emotions from trading. Best example is chasing loses, it's very bad, especially if you want to chase that loss in just short period time or in just few trades.

Ndabagi01

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When you fail to manage your emotions, you fail completely in trading. Emotions have a significant impact on trading and can influence your decision-making process, which in turn influences your trading. Being able to control your emotions is also related to how well prepared you were before entering the market, as well as your ability to maintain a positive attitude or mindset regarding the outcome of a trade. You don't fail once or twice and then give up; you have to keep trying until you get it right. If your emotions get in the way, you won't get anywhere.

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The most important thing is to find the strength to continue after the first failure. This requires a certain psychological stability. And also it is necessary to determine the right options to continue, so as not to make new and more serious mistakes.

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Quote from: MiF on March 23, 2023, 05:33:11 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?

But you should also know that when a trader makes a good profit in his trading activity, it is also because of our emotions. In short, with every good or bad experience, we experience in trading here in crypto, our emotions cannot be excluded, or it cannot always be based on what we have experienced that is not a good result here.

Because, if we are just calm and relaxed while trading even if the cryptocurrency market is not showing well, our mind will remain calm to think of a different strategy to solve the events, because they are still part of our emotions.

Topic: Experience of failure and success can help us control the emotions. - page 5. (Read 577 times)