How do you deal with emotions when Binance exchange says it is unavailble? I guess it will be back up soon but still. I want to get my money outta there.
Another idea; How do you deal with emtions when you get hacked and all your money is gone? Must be ways to prepare for the worst!!!
Topic: First hand examples of Emotional trading - page 4. (Read 1219 times)
We should remove our feelings and emotions before we trade in order for us to prevent panicking. There are a lot of traders that are losing in trading due to fear and panicking. We should always believe to our self and also we should have a lot of patience for us to survive in the market.
What are some examples of when emotions mess up your trades?
The sign of being emotional such as follows:
- We feel panic and Fear
- We become greed due to desiring of getting profit in a short
period of time.
- We feel relax and calm when we do trade in the platform.
- We have self-discipline or self-control
These are the things I knew when we encountered those emotions.
Greedy is normal emotion in crypto trading because in bull market alot of crypto going up to more than 10x , we can be greedy in bull market but still under control, i mean we have should be also have protection to lock the profit by use trailling stop. When target profit reached , we have to exit from the market and dont trade in the same coin again.
We must understand that emotions on trading is not totally bad as it helps us reduce loses some times. However last two year precisely, I bought lisk when it was below $2 and when lisk went to $5 ,I sold it out of fear that holders are going to dump it. When it was $24, I bought it and I am still holding it till now that is less than $2!
Yeah, sometimes fear and panic can save you from big losses, but if you're lucky. I think panic is still a bad thing and should be avoided, what if after you sell the price goes up? in my opinion the best is to use your calculations, it will be more rational and trustworthy 
What are some examples of when emotions mess up your trades?
shorting ETH when it was .04 before the last bitcoin pump... fml lol margin called and I will never trade like that again... 
What are some examples of when emotions mess up your trades?
For example, I used all my savings to invest in a coin and I did not thoroughly analyze that coin.When I have invested, I will often be very worried and think that it is not the same as the analysts say. it often worries me and of course I have sold holes quite a lot.
So experience is a planned investment. Please determine your own finances best, analyze the coins yourself for investment and absolutely do not invest in the majority.
Sometimes i want to get more money and it happened that I made a day more deals than planned to make. And thus i lose money, because I did not bother to consider their actions and to stop in time. But now I've learned to control my emotions.
We must understand that emotions on trading is not totally bad as it helps us reduce loses some times. However last two year precisely, I bought lisk when it was below $2 and when lisk went to $5 ,I sold it out of fear that holders are going to dump it. When it was $24, I bought it and I am still holding it till now that is less than $2!
You did not make a bad decision here since you are still holding it until now. Lisk is one of the best coin in the market, the volume is good and the development as well, you don't need to panic
the fundamentals is good, price may change based on the market sentiment and I believe we will see it value more than $24 in the future.
I think that the two most emotionally influencing badly the trades are patience and panic. Panic excites the investor and makes unreasonable moves. When the investor anticipates or thinks that he will lose the money he earns, he panics and tries to sell all of his investments cheaply. We shouldn't do that.
Patience is the most necessary thing for the investor. An impatient investor would miss all the opportunities. An impatient investor may often not successful.
Patience is the most necessary thing for the investor. An impatient investor would miss all the opportunities. An impatient investor may often not successful.
We must understand that emotions on trading is not totally bad as it helps us reduce loses some times. However last two year precisely, I bought lisk when it was below $2 and when lisk went to $5 ,I sold it out of fear that holders are going to dump it. When it was $24, I bought it and I am still holding it till now that is less than $2!
You did not make a bad decision here since you are still holding it until now. Lisk is one of the best coin in the market, the volume is good and the development as well, you don't need to panic
the fundamentals is good, price may change based on the market sentiment and I believe we will see it value more than $24 in the future.
We must understand that emotions on trading is not totally bad as it helps us reduce loses some times. However last two year precisely, I bought lisk when it was below $2 and when lisk went to $5 ,I sold it out of fear that holders are going to dump it. When it was $24, I bought it and I am still holding it till now that is less than $2!
Yes, by selling some portion of your coin, it means you can get your money back, and you can wait for a while and buy again when the price goes down at a lower price. But I think greediness will be the great examples that could mess up our trade so we cannot make any profit. I guess there are more examples that we can get that will interrupt our trading and will prevent us to make a profit.
It's always greediness that makes us miscalculate our trade, assuming that current flow will alst and wait for the final peak but suddenly it will beginto fall, thinking that things will be better again and wait till nothing happens and emotionally sell out to panic, worrying that the price will fall more,
this kinds of emotions kills every investors and traders mindset.
We love reading but deep inside we are also experienced same thing.
how then do the pro's advize to control emotions?
are there tried and true Techniques?Smiles... Really a wonderful question. It is a case of when Paul encountered Jesus, he (paul) knew something happened in his life that changed him.
Friend, I believe is a personal encounter cum experience. Just seat yourself down and say to yourself, I won't allow my emotion to control my trade. So , if you can advise yourself, then you have become the expert that advised yourself.
Is a personal thing.
Yes, by selling some portion of your coin, it means you can get your money back, and you can wait for a while and buy again when the price goes down at a lower price. But I think greediness will be the great examples that could mess up our trade so we cannot make any profit. I guess there are more examples that we can get that will interrupt our trading and will prevent us to make a profit.
It's always greediness that makes us miscalculate our trade, assuming that current flow will alst and wait for the final peak but suddenly it will beginto fall, thinking that things will be better again and wait till nothing happens and emotionally sell out to panic, worrying that the price will fall more,
this kinds of emotions kills every investors and traders mindset.
We love reading but deep inside we are also experienced same thing.
how then do the pro's advize to control emotions?
are there tried and true Techniques? 
There are so many times I feel superior after get some profit from several trade and could buy the coin without any proper searching, and when I lose my pride get hurt and try to cover the lost by buying it more, and when I was beginner I easily belive all the news and buy the coin that suggested in the group signal, whenever the group said that the coin got chance to grow I will buy it, and I end up with bags of useless coin
This incident seems to have been experienced by many people here when just starting, having a group signal will only make us suffer more when we are easily deceived by all forms of information that are not basic. Emotional trading is only because we do not have patience and high self control, so we will easily panic and make wrong decisions.There are so many times I feel superior after get some profit from several trade and could buy the coin without any proper searching, and when I lose my pride get hurt and try to cover the lost by buying it more, and when I was beginner I easily belive all the news and buy the coin that suggested in the group signal, whenever the group said that the coin got chance to grow I will buy it, and I end up with bags of useless coin
This incident seems to have been experienced by many people here when just starting, having a group signal will only make us suffer more when we are easily deceived by all forms of information that are not basic. Emotional trading is only because we do not have patience and high self control, so we will easily panic and make wrong decisions.
What are some examples of when emotions mess up your trades?
As far as I know, trading is just like gambling so if you lose in your trading the possibility that you have to give everything and try again because you want to get what you have lost. But listen to this, not everyone is not that too successful to getaway their self without getting addicted trying to chase their losses. This one seems to apply in trading too, you just have to use your common sense if you see there not right.Yes, by selling some portion of your coin, it means you can get your money back, and you can wait for a while and buy again when the price goes down at a lower price. But I think greediness will be the great examples that could mess up our trade so we cannot make any profit. I guess there are more examples that we can get that will interrupt our trading and will prevent us to make a profit.
It's always greediness that makes us miscalculate our trade, assuming that current flow will alst and wait for the final peak but suddenly it will beginto fall, thinking that things will be better again and wait till nothing happens and emotionally sell out to panic, worrying that the price will fall more,
this kinds of emotions kills every investors and traders mindset.
We love reading but deep inside we are also experienced same thing.
Yes, by selling some portion of your coin, it means you can get your money back, and you can wait for a while and buy again when the price goes down at a lower price. But I think greediness will be the great examples that could mess up our trade so we cannot make any profit. I guess there are more examples that we can get that will interrupt our trading and will prevent us to make a profit.
I was a victim of my own greediness once in my life. Not selling because I'm thinking of a bigger price which could give me profit but it turns out the price will dump
and as the price is dumping I still think that this would recover but it didn't until I reached at this time that the price is already at dip.
I think some of us do have the same experience like I do, not selling during the bull run and we are stuck right now.
Yes, by selling some portion of your coin, it means you can get your money back, and you can wait for a while and buy again when the price goes down at a lower price. But I think greediness will be the great examples that could mess up our trade so we cannot make any profit. I guess there are more examples that we can get that will interrupt our trading and will prevent us to make a profit.
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