Getting too emotional while trading crypto

jets567

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Quote from: ecnalubma on October 13, 2019, 11:13:47 AM

Emotion sometimes are out of our control, to much of it could break your momentum in trading. Maybe we can also consider young investors and inexperienced traders who has weaker decisions can also contribute to markets volatility.

Good point you have there lad! getting emotional on trading is natural because were not a robot but just a human being. Most of the traders could not avoid this trading emotions but became successful in the end because they have learn how to manage them.

Frustration is one of your enemy whenever you lose in trading and if you want to overcome this then you must start accepting the fact that not all of your trades will become succesful and take this as a lesson, you may also start analyzing where it went wrong and for sure it will helpful you on your future trades.

TelolettOm

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I myself was the same when I was trading. difficult to control emotions in looking at price charts that tend to decrease prices. in my opinion right now what needs to be done is to be more patient when we face market movements that are experiencing a decline or an increase. as our experience increases we are more able to control ourselves

Murat

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This is the main obstacle to make a profit from trading purpose, I think the emotional based decision will kill you when you want to make a trade, So proper study and analysis would be the main element for your trading purpose and control your emotion by having proper prediction regarding the market, I know Someone who have lost huge money in trading when he took a sudden decision without any proper analysis, first of all, trading is not an easy task, secondly, Trading requires a lot of patience. most important thing is that market speculation will bring something special if you can make, and if the market is very manipulated then somehow you could face a disaster if you don't follow the proper analysis.

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Quote from: Kasabus on September 24, 2019, 04:58:00 PM

Quote from: WickCrypto on September 24, 2019, 12:58:44 PM

Quote from: cabron on September 24, 2019, 12:57:03 PM

Color doesn't change anything though but I can see well with green and red candlesticks. The trick should you consider are the trading system not the platform colors. Emotions usually will ruin the judgement whether to buy or sell when sudden changes to the price. Today the price drops and when it hit the stoploss, they end up setting up again or sell in order to buy back when it starts to bounce. Personality of a trader is a big factor.

Oh personality is a huge factor! Not to mention the discipline you need to keep going when you are making some serious losses (a time that will come). I'm surprised you feel that the colors don't change anything, it made a big difference for me personally

Colors are just giving an additional attraction but not really it affects the market price, buying, and selling. We consider this as additional features that help traders to keep calm but not in a way that it could help to become profitable or whatever it ease. But I feel that it is not necessary we have to see in any exchanges cause the most important is to have a good market volume, we earn from there and we become successful.

The price will remain the same regardless of what color you put into your trading view. If we really think about it, color don’t have any impact on the market movement but it does have an impact in staying focus on trading. Some people prefer lighter colors to stay focused on the platform some also prefer dark colors for them to stay focus so it depends on someones preference. Me personally don’t mind about the color so long as you are determined and that you are disciplined to focus then that good already.

Capt00

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Quote from: WickCrypto on September 24, 2019, 12:58:44 PM

Quote from: cabron on September 24, 2019, 12:57:03 PM

Color doesn't change anything though but I can see well with green and red candlesticks. The trick should you consider are the trading system not the platform colors. Emotions usually will ruin the judgement whether to buy or sell when sudden changes to the price. Today the price drops and when it hit the stoploss, they end up setting up again or sell in order to buy back when it starts to bounce. Personality of a trader is a big factor.

Oh personality is a huge factor! Not to mention the discipline you need to keep going when you are making some serious losses (a time that will come). I'm surprised you feel that the colors don't change anything, it made a big difference for me personally

We all have different ways or tricks that will help us not to get to emotional when it comes to trading, for me color does have an effect on me as well, sometimes if the color is to light I got bored easily so sometimes I change the colors to dark colors. It may sound silly but there are times when you can focus and think more if you set up the trading view to your liking. Well, this only depends on the person but for me I also think that by simply changing the color can somehow help at some point.

Tungsten-1

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Quote from: coingrowth on October 12, 2019, 01:02:19 AM

Getting emotional while trading will not help you to stay patient, at the beginning of my trading I have experienced such type of emotion we see a downturn. Before entering into trading we have to prepare ourselves by not getting panic because panic is the most dangerous factor in trading.

There are numerous examples of people losing great money in trading just because they panicked or there are those cases also where they were about to win some good money but because of too much rush of emotions, they took decision of quitting trading at that very moment leaving huge profit. So do trading without emotions or instincts.

ecnalubma

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Emotion sometimes are out of our control, to much of it could break your momentum in trading. Maybe we can also consider young investors and inexperienced traders who has weaker decisions can also contribute to markets volatility.

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Quote from: NewRanger on October 13, 2019, 06:31:18 AM

Quote from: arifteguhr on October 13, 2019, 05:21:34 AM

In my opinion this is indeed a natural thing for humans. how could they not worry when their assets were at stake as trading and at that time the price condition was experiencing a decline. if we are still not used to be very emotional maybe even confused if it will still wait or sell. even though you already have experience that is also humane if you still feel that controlling emotions is not easy as many people say

no one could avoid this thing.we just should try to controll it or it will be suffer our self.usually traders feel emotional cause their trade has bad result.they didn't prepared their self well no matter that was experienced traders or beginners.emotional could be traineed so don't ever give up if we still feel emotional in our trade.make plan and it will help us alot .

I would highly suggest setting aside your emotions especially when it comes to trading crypto because it's just like gambling. You won't always win the reason why you need to accept the result of your trading no matter how are it is you must be strong enough and be ready for it at any time. Trading is not just easy, you need to patiently wait first and probably your emotion will get you to lose from trading if you can't manage it well. Don't follow your emotions, instead, follow what you are in mind and the best analysis as well.

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Quote from: arifteguhr on October 13, 2019, 05:21:34 AM

In my opinion this is indeed a natural thing for humans. how could they not worry when their assets were at stake as trading and at that time the price condition was experiencing a decline. if we are still not used to be very emotional maybe even confused if it will still wait or sell. even though you already have experience that is also humane if you still feel that controlling emotions is not easy as many people say

no one could avoid this thing.we just should try to controll it or it will be suffer our self.usually traders feel emotional cause their trade has bad result.they didn't prepared their self well no matter that was experienced traders or beginners.emotional could be traineed so don't ever give up if we still feel emotional in our trade.make plan and it will help us alot .

arifteguhr

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In my opinion this is indeed a natural thing for humans. how could they not worry when their assets were at stake as trading and at that time the price condition was experiencing a decline. if we are still not used to be very emotional maybe even confused if it will still wait or sell. even though you already have experience that is also humane if you still feel that controlling emotions is not easy as many people say

LUCKMCFLY

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The Crypto market, like the Stock Market, is always driven many times by emotions, when we see that Bitcoin begins to rise, many enter the market buying, and what they do not know is that many are selling taking advantage of that small rally, they are bullish traps , which are managed by whales, take advantage of the emotions caused by the market to make a profit.

That is a small example of what happens, there are many movements that obey emotions, when there is bad news about bitcoin causes panic in many, and that is when they sell desperately, they do not care if it is cheap, they think it is better to sell cheap, to not lose more, that kind of mistakes is what causes emotions. Sometimes you have to be away from the market when there is nothing clear, do not intervene, the market always gives opportunities for entry.

abel1337

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Quote from: South Park on October 12, 2019, 01:42:10 PM

Quote from: djselery on October 08, 2019, 11:31:33 AM

Getting too emotional while trading cryptocurrencies isn't good and it will affect badly your physical and mental health too. You have to control your emotions while trading, because the market is unstable and the prices always are volatile, so there is always a possibility of losing, even if you are really an experienced trader.

Losing a big amount of money is probably the number one reason of why people get emotional when they trade, many suggest that in order to avoid this you should only trade money you can afford to lose, but if you want to obtain profits big enough to change your life then you need to invest an important amount of money, for that reason most traders cannot really follow that advice, and the only way to avoid begin emotional over this is to accept the fact that losing money is inevitable and to have an established stop loss as a way to limit your losses.

Remember losing money and having an emotional break down after it can affect the certain person who is trading it. This emotional break down can affect your future trade, It can trigger your panic side and everyone here knows that panicking on trade can bring you a loss or defeat to the trade that you are doing.

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Quote from: Polar91 on October 10, 2019, 08:49:03 PM

Quote from: yvesp110 on October 09, 2019, 02:50:11 PM

Quote from: jrrsparkles on October 08, 2019, 12:53:55 AM

Quote from: Google+ on October 08, 2019, 12:39:31 AM

emotions can never be profitable, trading must be patient and relaxed, enjoy the cryptocurrency price movements and as much as possible do not let you be affected by a variety of bad news that can affect your emotions because it will only make you panic and can not think clearly.

Emotions can be profitable if you know how to use it,especially emotions of others.

Trading should be done with patience and much awareness,if you just take it as job with no effort then you will be start losing your capital in long term.

Trading is just like any other jobs rather it demands more energy and work than any other physical or day job. You have to sit in front of desktops for hours keeping an eagle eye over the graphs of our crypto coins. In day trading, you cannot afford to miss even an hour because prices are volatile and getting emotional under such conditions make things even worst.

You actually don't have to do that since every movement could affect your emotion. I would rather plan the execution of my entry trade and then once I found the opportunity, I'll enter it with risk management. Through setting stop loss, you won't need to watch the market at the very long time. It'll save your time and possible losses.

There is no way anyone wants to lose money in any kind of investment. People do investments just to increase their money. As far as entering into trade is concerned, make sure you have analyzed market completely and are capable of making money with the coin you are intending to do trading with. I am myself never ever intrigued by trading.

South Park

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Quote from: djselery on October 08, 2019, 11:31:33 AM

Getting too emotional while trading cryptocurrencies isn't good and it will affect badly your physical and mental health too. You have to control your emotions while trading, because the market is unstable and the prices always are volatile, so there is always a possibility of losing, even if you are really an experienced trader.

Losing a big amount of money is probably the number one reason of why people get emotional when they trade, many suggest that in order to avoid this you should only trade money you can afford to lose, but if you want to obtain profits big enough to change your life then you need to invest an important amount of money, for that reason most traders cannot really follow that advice, and the only way to avoid begin emotional over this is to accept the fact that losing money is inevitable and to have an established stop loss as a way to limit your losses.

Colt81

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Getting too emotional while trading in cryptocurrency will make it hard for you to take decisions because you will get distracted that you can't focus on your goals and you are starting to panic while doing a trade. That is why in trading you should control your emotions and focus on your goals in trading for you to make a successful trades.

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Quote from: carriebee on October 12, 2019, 03:00:25 AM

Getting emotional in crypto is very wrong way especially if you are trader it will bring you to bad decisions. In trading you need a lot of patience and more focus to what is your goal don't be distracted about the chart because it always change. Much better to hold your emotions when you trade and give some time your self to inhale and exhale before you trade.

You can call yourself as a trader when you already have a good skills of controlling your emotions, there's always a big differences between real traders and those so-called traders. Patience is the key within this business you need to have a good analyzing skills in order not to fall from certain market
movements. You have your full control of your invested money make sure to have your own system to take your advantage to be successful.

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Quote from: coingrowth on October 12, 2019, 01:02:19 AM

Getting emotional while trading will not help you to stay patient, at the beginning of my trading I have experienced such type of emotion we see a downturn. Before entering into trading we have to prepare ourselves by not getting panic because panic is the most dangerous factor in trading.

What do you mean getting emotional while trading? Emotion is a human nature. You cant take it away from a person.

Getting too emotional while trading isnt something that we get rid of, instead, Its a thing that we need to learn and understand on how we react to a certain situation (most specially when you're lossing your trade.)
One of the most challenging emotion is when youre getting the feeling of FOMO, and panic selling.

One thing to remember, we trade to get profit not to cut down our losses.

carriebee

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Getting emotional in crypto is very wrong way especially if you are trader it will bring you to bad decisions. In trading you need a lot of patience and more focus to what is your goal don't be distracted about the chart because it always change. Much better to hold your emotions when you trade and give some time your self to inhale and exhale before you trade.

coingrowth

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Getting emotional while trading will not help you to stay patient, at the beginning of my trading I have experienced such type of emotion we see a downturn. Before entering into trading we have to prepare ourselves by not getting panic because panic is the most dangerous factor in trading.

Rufsilf

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Calm the mind from emotions It's difficult but you can practice it by playing games on your Android phone, I tried it and I managed to reduce my emotions then I continued my trading. You must have patience in the world of trading, otherwise you will continue to get emotional and it will disrupt your trading.

Playing games with our phone is not similar to the situation that we may encounter in trading. Too much pressure in trading and more in analytical strategies. We can't totally escaped from any emotions, even we tried to control it but still it shows...How we could make it right, do trading when we have peace in mind.

Topic: Getting too emotional while trading crypto (Read 3194 times)