First hand examples of Emotional trading - page 8.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: clover12 on February 11, 2019, 06:18:03 PM

What are some examples of when emotions mess up your trades?

Here are some trades that goes wrong because of myself being emotional:

- I already made 50% last 3 days, I didn't sell and thinking that the price could still go up, next thing happened it goes down again

- I didn't listen to my gut feeling, did not invest then the price goes to the moon

- I listen to someone shilling for a certain token and since he is a friend of mind, I put big amount of money, now I'm still down and the coins never goes up

Bttzed03

legendary

Activity: 2114

Merit: 1147

https://bitcoincleanup.com/

Based on my own experience, it is the not selling of coins and tokens when it is already at a good profit thinking it would still go up. I've also sold some coins out of panic.

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

Quote from: sujonali1819 on February 12, 2019, 12:31:42 AM

Quote from: clover12 on February 11, 2019, 06:18:03 PM

What are some examples of when emotions mess up your trades?

1. Some time we become very greedy. And don't close the trade with profit.
2. Some time trying to buy quickly a pumped coin with emotion.
3. Some time sell a coin which dump heavily and again buy the same coin after sometime of sell with high price.

We should always control our emotions. And we should take a decision with cool head and without emotion. Always be cool before buying and selling a coin. And should close a trade with little bit of profit.

Trading is driven by emotions so it is not controllable at most cases and it maybe identified and can restrict the losses from emotional trading when you have lot of experience to face that situation.I don't say it is wrong to buy a coin when it is bumped up but it needs to be in short term and need to close that bumped coin very soon to make profits even if you see that prices were bumping again.

yanto@1977

full member

Activity: 686

Merit: 100

★Bitvest.io★ Play Plinko or Invest!

Quote from: clover12 on February 11, 2019, 06:18:03 PM

What are some examples of when emotions mess up your trades?

Emotions can change your decisions, you can't think clearly again but follow your instinct with out calculation. Many people fails because can't control emotion and they always blame the market, that's wrong. Control meaning follow the strategy, reach the point cut loss and go, simple like that.

sujonali1819

legendary

Activity: 2436

Merit: 1189

Need Campaign Manager?PM on telegram @sujonali1819

Quote from: clover12 on February 11, 2019, 06:18:03 PM

What are some examples of when emotions mess up your trades?

1. Some time we become very greedy. And don't close the trade with profit.
2. Some time trying to buy quickly a pumped coin with emotion.
3. Some time sell a coin which dump heavily and again buy the same coin after sometime of sell with high price.

We should always control our emotions. And we should take a decision with cool head and without emotion. Always be cool before buying and selling a coin. And should close a trade with little bit of profit.

Alicemur

brand new

Activity: 0

Merit: 0

I have long been a member of the forum. never faced a problem. Now a question has arisen. Is it worth pay for an essay? Is it better to try writing yourself?

wayancrypto

member

Activity: 462

Merit: 11

In the end of 2017 i earned 500% from 1 trade but after that i decide to hold that coin with aim to get more profit, and i did not use stop loss but finally the price keep dow to more than 90%. This biggest my mistake ever, greedy been make me loss much money. Greedy is natural emotional thay hard to control it so important to use stop loss after you buy crypto because no body can predict the future.

elda34b

sr. member

Activity: 910

Merit: 351

Quote from: glendall on February 11, 2019, 10:29:04 PM

first is patience,
patience is the main key to successful trading, because without patience we will often be stressed when seeing the market go down so fast,
the second is don't panic.
do not panic is the second key to successful trading, because if we often panic then we will also often cut losses,
and learning to control both emotions is the key to success.

Dude, you realize what you're typing is not the answer to OP question right?

Quote from: logfiles on February 11, 2019, 06:28:07 PM

- You take too long to decide when to sell off or buy

I don't think this can happen only because you're emotional, but it might happen too if you use too many indicators. Because of this, most traders recommend to use around 4 or 5 indicators in order to guide your trade (unless you're doing fundamental trading or long-term holding).

Btw, a tip to avoid getting emotional is to always stick to your plan. Sure, you might miss big gains but you can manage risk properly with that. Instead of hoping to get 1000% overnight, you should avoid getting rekt by 50%.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: clover12 on February 11, 2019, 06:18:03 PM

What are some examples of when emotions mess up your trades?

Fear when the value of your assets start to fall, thinking to quickly dumped to avoid more loses, common reactions where emotions got first inside
your minds and not to allow you to think well,

Greed when rising is ongoing and failed to sell in the right timing, when value falls regrets happened, emotion is a wild side of our mindset, we
better learn how to balance so we will be able to succeed.

glendall

legendary

Activity: 2128

Merit: 1018

Next Generation Web3 Casino

first is patience,
patience is the main key to successful trading, because without patience we will often be stressed when seeing the market go down so fast,
the second is don't panic.
do not panic is the second key to successful trading, because if we often panic then we will also often cut losses,
and learning to control both emotions is the key to success.

clover12

jr. member

Activity: 168

Merit: 2

Yeah. Emotional investing is looking for the quick fix Grin

logfiles

copper member

Activity: 2002

Merit: 1693

Top Crypto Casino

- You feel so greedy and you want to make a profit of 150% overnight
- You take too long to decide when to sell off or buy
- Your buy or sell actions are often determined by sudden price changes i.e. Buying coins at peak price and panic selling them off at bottom prices.

clover12

jr. member

Activity: 168

Merit: 2

What are some examples of when emotions mess up your trades?

Topic: First hand examples of Emotional trading - page 8. (Read 1150 times)