Topic: Getting too emotional while trading crypto - page 3. (Read 3194 times)
For sure you will experience loss if you will be get too emotion while trading. There are a lot of studies about trading psychology. We can make bad decision if we will get carried by our emotions.
Emotion is the king whether we like it or not, people trade on fear and excitement. Trading is psychological battleground its like playing poker hand, you must know when to call, when to fold and when to go all in. Even if you have best the formula it doesn't always work that way.
This is what people should avoid when they are trading cryptocurrency or even in the other market because they will not make any solid decision when they are going to trade with emotions. Learn to put your emotions behind you and master on how to control it and that is when you will see the improvement of your performance in trading because you will have a clear peace of mind.
Of course, every trader experiences emotions because of the results of his activities in the cryptocurrency market. It can be either good emotions or bad ones, but I’m too annoyed if I have unsuccessful results, because I’m just starting to study trading and use only a small starting capital to increase my experience, which in case of loss is not too noticeable for me.
In order not to get to the influence of emotions, forcing us to do rash acts on the cryptocurrency exchange, we must strictly follow the trading plan. To do this, you must clearly determine the trading approach in order to know exactly in what time perspective you are going to act. After all, what you choose: intraday trading, scalping, medium-term trading or long-term investment will depend on your psychological attitude, determined by the target levels on the chart.
I tried using the way you said it but it didn't really help me in the long run. I have really changed for a few days but the mood of the following days has brought me back to the starting line.
So in my opinion, we should practice mentally for small trading times. We should practice more before doing it in large amounts.
So in my opinion, we should practice mentally for small trading times. We should practice more before doing it in large amounts.
Crypto trading will not work under the basis of other guidance, because the prices of the coin will change quickly. So we need to practice with small amounts and it will really help us to get more awareness about trading activities. You will make profits on the basis of experience you have and choosing the best coins in the market.
I tried using the way you said it but it didn't really help me in the long run. I have really changed for a few days but the mood of the following days has brought me back to the starting line.
So in my opinion, we should practice mentally for small trading times. We should practice more before doing it in large amounts.
So in my opinion, we should practice mentally for small trading times. We should practice more before doing it in large amounts.
Of course, every trader experiences emotions because of the results of his activities in the cryptocurrency market. It can be either good emotions or bad ones, but I’m too annoyed if I have unsuccessful results, because I’m just starting to study trading and use only a small starting capital to increase my experience, which in case of loss is not too noticeable for me.
This is we experience of being too emotional while doing trading crypto. The best move that we can do is to focus on our goal in earning, if letting too emotional in our system we ended up losing money in crypto. Well, by that starting only small capital could also help to experience the process in trading when endure mistakes the next time you know how to avoid it.
Of course, every trader experiences emotions because of the results of his activities in the cryptocurrency market. It can be either good emotions or bad ones, but I’m too annoyed if I have unsuccessful results, because I’m just starting to study trading and use only a small starting capital to increase my experience, which in case of loss is not too noticeable for me.
I always feel that it's very intense to trade. I have been trading crypto for two years now, but find it's still difficult to get used to all the constant price fluctuation.
I decided to write an article about this topic, including solutions to make sure your trading becomes more rational: https://steemit.com/cryptocurrency/@wickcrypto/an-emotional-guide-to-crypto-trading-why-paper-trading-is-useless
For example, using some simple tricks you can remove a lot of the emotion out of your trading. I trick that helped a lot was as simple as changing your color scheme in Tradingview. I don't think I am allowed yet to post pics on this forum, but you can check it out the big difference here:
What do you think? Do you have some more tricks you use against these emotions?
Also, it was the first post I made on Steemit so far, I'm very open to hear any feedback about it!
Being too emotional is of all things, what you need to avoid if you're gonna enter crypto space. The market's movement can sometimes be so crazy and unexpected that it might trigger you to panic because of the cryptocurrencies price that moves up and sometimes very low. Now we know that we can't control what happens but we can control how we react to things that are happening, and even if we can't control the crypto space's movement and situation, we can still affect the market's movement through any impulsive decisions we could make out of being too emotional and being swayed by it. I decided to write an article about this topic, including solutions to make sure your trading becomes more rational: https://steemit.com/cryptocurrency/@wickcrypto/an-emotional-guide-to-crypto-trading-why-paper-trading-is-useless
For example, using some simple tricks you can remove a lot of the emotion out of your trading. I trick that helped a lot was as simple as changing your color scheme in Tradingview. I don't think I am allowed yet to post pics on this forum, but you can check it out the big difference here:
What do you think? Do you have some more tricks you use against these emotions?
Also, it was the first post I made on Steemit so far, I'm very open to hear any feedback about it!
For me, getting too emotional while trading cryptos is one of the hardest enemies of a trader. We know that we can't truly control our emotions, but we can practice it. Why one of the hardest enemy of a trader because you are fighting to your self/ emotionally and we all know the factors that can happen if you are getting too much emotion while trading, you can't focus, losing some momentum, can't decide well and can't execute well your plans, etc. 
Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.
If we are a newbie we cannot guarantee to withstand our emotion especially we see the market is falling and our money is slowly vanishing, the actual scenario is different since there are so many factors that can make us feel afraid on the current happenings that's why before tradings we should come with 100% ready and always stick with the current plan and learn the stop loss strategies in emergency situation.
Being an emotional is not recommendable while doing trading because it will destroy your trading momentum thats why you need to control your emotion for making a decision.
Thats why you need to plan your trade and trade your plan if you want to sucess in trading.
Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.
If we are a newbie we cannot guarantee to withstand our emotion especially we see the market is falling and our money is slowly vanishing, the actual scenario is different since there are so many factors that can make us feel afraid on the current happenings that's why before tradings we should come with 100% ready and always stick with the current plan and learn the stop loss strategies in emergency situation.
Being an emotional is not recommendable while doing trading because it will destroy your trading momentum thats why you need to control your emotion for making a decision.
Thats why you need to plan your trade and trade your plan if you want to sucess in trading.
Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.
If we are a newbie we cannot guarantee to withstand our emotion especially we see the market is falling and our money is slowly vanishing, the actual scenario is different since there are so many factors that can make us feel afraid on the current happenings that's why before tradings we should come with 100% ready and always stick with the current plan and learn the stop loss strategies in emergency situation.
If we are able to control our emotion, we will also be able to control our greed level which has been the major factors to why many people have actually lost their trade many times. Sometimes we cannot naturally control our emotion, and Because we are humans with feelings, that is why some tools has been created to assist us in having control of it.
I have switched to crypto bot trading and just monitoring the process and make some adjustments from time to time. I think nowadays it is impossible to daytrade manually and stay good-tempered.
Trading for me is a very challenging job and it can get a little emotional whenever we see the price that changes almost every minute and that you really need to keep an eye on it every single time because of you don’t then tendency is you either win at the end or loss instead.
I think becoming less emotional while trading can be hard most especially that there is money involve but I would really think it can help you big time if you don’t let your emotions control you because it can only result to bad outcome. I think in trading you have to focus more on understanding how you can go around with the market.
do still able to get affected with that so called emotions.It cant be avoided because anytime we would possibly faced up some
scenarios that it do need up some crucial decisions either you would buy or sell.We know that we are risking money here and
it cant be avoided not to think with your own funds.
Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.
If we are a newbie we cannot guarantee to withstand our emotion especially we see the market is falling and our money is slowly vanishing, the actual scenario is different since there are so many factors that can make us feel afraid on the current happenings that's why before tradings we should come with 100% ready and always stick with the current plan and learn the stop loss strategies in emergency situation.
Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.
As a human being, emotions are naturally intact in our limbic system, and "limbic system are involved in motivation, emotion, learning, and memory" according to Wikipedia. We can't escape our emotions in any situations either it is positive or negative, for example you lost a big amount of profits in Trading, your mind would react to this and your brain will gives you stress chemicals.
this is when Emotional management will take over, because continuing trading while having too much stress in your body will just make everything worst.
Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.
Patience is the key, that statement is very important we apply in trading because without patience we will quickly feel emotions, If emotions run through your mind, immediately close your account and play with the Games on your Smartphone. After your mind is calm you can open your account and continue trading.
Yes, you have given a very good suggestion to the person who is much more emotional towards trading because some time the market will drive us to think negatively. So we should always divert ourselves by adjusting our mind, it will really to control our emotions.
I have switched to crypto bot trading and just monitoring the process and make some adjustments from time to time. I think nowadays it is impossible to daytrade manually and stay good-tempered.
Trading for me is a very challenging job and it can get a little emotional whenever we see the price that changes almost every minute and that you really need to keep an eye on it every single time because of you don’t then tendency is you either win at the end or loss instead.
I think becoming less emotional while trading can be hard most especially that there is money involve but I would really think it can help you big time if you don’t let your emotions control you because it can only result to bad outcome. I think in trading you have to focus more on understanding how you can go around with the market.
do still able to get affected with that so called emotions.It cant be avoided because anytime we would possibly faced up some
scenarios that it do need up some crucial decisions either you would buy or sell.We know that we are risking money here and
it cant be avoided not to think with your own funds.
Imho keystone is own strategy in trading. If you have an exact plan to enter and to exit than nothing can calm you. No minds about any lost profit, no minds about stop. Simply strong strategy. This is key. I mylself try to work the same. It's difficult becausee too many situations on thee market. But without order nothing changes
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