For accidentally I place the order for, $400 worth
Luckily was able to fix my trade but it took a few minutes before figuring out my error, was sorta emotional seeing the big red candle
Topic: First hand examples of Emotional trading - page 5. (Read 1150 times)
Today i did a trade that was $40 worth. But I saw the price go way down and a big red candle so I placed the order in a big hurry.
For accidentally I place the order for, $400 worth
Luckily was able to fix my trade but it took a few minutes before figuring out my error, was sorta emotional seeing the big red candle
For accidentally I place the order for, $400 worth
Luckily was able to fix my trade but it took a few minutes before figuring out my error, was sorta emotional seeing the big red candle
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.Yeah, fear is probably the most powerful of all human emotions, and when traders become afraid, they will sell a position regardless of the price. Fear leads to panic, and panic leads to poor decision making.
Well if people are in treading they should know what thing is important for them, the profit or being worry without any reason, before trading all traders are must be told not to use their emotions in trading as being emotional can reduce your strength and you can feel low determination of holding which is other name of panic selling and then lose. 
Emotions need to be reduced while you're into gambling as well as into trading. Being emotional surely affect one's trading experience, because with trading an expert make use of even the minor fluctuation. While one is emotional it isn't possible to act quickly which is must with trading. Also targeted profiting leads to loss which needs to be avoided.
You feel that the profit you earned is less and hence you wait for the price to go more higher. This sometimes leads in loss.
You want money so badly that you think of indulging in pump and dump trades.
You become a victim of FUD and FOMO and panic buy/sell your trades.
You invest in get rich quick schemes to earn more money in short time.
All you've stated above was true, indeed, all of these have one solution that you must to apply. Here is timing, every decision and transactions you're going to step on must have a proper timing so that you know how to earn a profit. But, ain't sure this is not an easy task even how expert you are sometimes you might get a wrong decision in trading. You want money so badly that you think of indulging in pump and dump trades.
You become a victim of FUD and FOMO and panic buy/sell your trades.
You invest in get rich quick schemes to earn more money in short time.
Emotional and greed you must control these major causes of loss.
You feel that the profit you earned is less and hence you wait for the price to go more higher. This sometimes leads in loss.
You want money so badly that you think of indulging in pump and dump trades.
You become a victim of FUD and FOMO and panic buy/sell your trades.
You invest in get rich quick schemes to earn more money in short time.
You want money so badly that you think of indulging in pump and dump trades.
You become a victim of FUD and FOMO and panic buy/sell your trades.
You invest in get rich quick schemes to earn more money in short time.
No better way to get into a huge percentage loss than to go with your emotions, even really awful technical analysis is better than going with your emotions!
in any financial market, the pressure on trader increases once the market see downtrend then the trader should have the emotional balance to handle the pressure and wait for right opportunity
This is an open secret and one should understand that there is no good emotional trading can do you.In addition, one should understand that the market does not give you benefits all the time. At times the benefits may be higher than you think. Other times they may be very down so this mindset should be made.
Furthermore, the market works and operates in a cyclical way. Today its down, tomorrow up and again down and so on.
Yeah, fear is probably the most powerful of all human emotions, and when traders become afraid, they will sell a position regardless of the price. Fear leads to panic, and panic leads to poor decision making.
What are some examples of when emotions mess up your trades?
It's the time when I still don't know that selling a portion of your port is a must when every coin is soaring through the sky. I'm so ambitious and all I can think is that the profit I get is not enough and I wanted more like a multi-millionaire.
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.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. 
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 is what happens. But I believe that Bitcoin is not only about the monetary benefits. Not all in the business are in for money. This coin is lucky enough to have political influence, tech geeks and economic freaks showing interest in it. So, it is not always about trading. However, if one is trading, be sure not to follow the heart but the mind after having thorough calculations of the data available. 
What are some examples of when emotions mess up your trades?
When you lose trading and you later realize that you shouldn't have lost that trade but it happens mainly because you didn't follow your trading strategy before the trade was made you will realize that it was an act of emotion that you took that decision.As we go into trading, this is the most important thing be controlled and not letting us to dictate of what we should do cause it only ruins of everything plan for. Making and immediate actions would be a big help.
What are some examples of when emotions mess up your trades?
The best example for me was when I choose not to sell during the bull run. Now, I'm still holding my tokens and I'm kinda making some regrets and fantasizing things that I could achieve and enjoy now
if I made the right decision during the bull season.
greediness of making more profits we do chose up to hold instead on pulling or selling out to secure profits.We are emotional on those times because we do feel that it might even more shoot up
its price to gain more profits but sadly we do see the other way things around.
What are some examples of when emotions mess up your trades?
When you lose trading and you later realize that you shouldn't have lost that trade but it happens mainly because you didn't follow your trading strategy before the trade was made you will realize that it was an act of emotion that you took that decision. What are some examples of when emotions mess up your trades?
The best example for me was when I choose not to sell during the bull run. Now, I'm still holding my tokens and I'm kinda making some regrets and fantasizing things that I could achieve and enjoy now
if I made the right decision during the bull season.
Its not the emotion's fault because you are not emtional that time . being emtoional means a trader/invester is affected too much in a dip and result for him to sell his assets at a loss because he wont accept if he will loose again .
Your decision making is the one that screw's you that time because you think that the prices can rise more but unfortunately they dont but dont worry because crypto can probably rise back again in the future .
in any financial market, the pressure on trader increases once the market see downtrend then the trader should have the emotional balance to handle the pressure and wait for right opportunity
What are some examples of when emotions mess up your trades?
The best example for me was when I choose not to sell during the bull run. Now, I'm still holding my tokens and I'm kinda making some regrets and fantasizing things that I could achieve and enjoy now
if I made the right decision during the bull season.
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