how control my emotion?? - page 14. | Bitcointalksearch.org

RedX

sr. member

Activity: 364

Merit: 250

Quote from: hridoyb on October 24, 2017, 12:41:56 AM

I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? Cry

I think the time will train you to manage your emotions. And also don't exert too much time on monitoring your coins because can also be a cause to stress you out and make your emotions stronger. Make yourself busy with other stuff and think positive always.

tigervn

member

Activity: 84

Merit: 10

You must be very sober when tradecoin. Very important emotions can cause you to lose a lot. When you are not calm, stop the tradecoin, drink a cup of coffee and relax with soothing music. This is my own experience. Hope can help you.

cpoer2011

full member

Activity: 560

Merit: 108

Quote from: RoommateAgreement on October 24, 2017, 12:48:11 AM

sometimes a loss is better than a big loss. in technical terms use a stop loss order which is practically doing this for you. it triggers when price falls lower than your "tolerance" so you automatically dump the coin and prevent further losses.
it doesn't have to be a stop loss and automatic either. you can do it manually too. you just have to plan for these things ahead of time. for example you buy ETH at 0.07BTC and decide that you don't want to lose more than 5% of your money so you dump it as soon as ETH got dumped hard down to 0.0665BTC and prevent losing more money when it was really dumped hard down to 0.046BTC and then buy back at the bottom.

Thanks for your example. So, how do you know where the bottom that will bounce again. Iam still do know how to find the bottom to buy back. Could you give me the technic how to read the chart when it will go up again after thouch the bottom?

Thanks again

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: FoxTheHuman on November 01, 2017, 09:55:06 AM

Quote from: DenysM on November 01, 2017, 09:44:31 AM

I think that you are not the only one who lost money last month. I also bought a few coins that fell in price two or three times. I do not think they should be sold now. I will wait and advise you. I think that in the near future there will be a surge

The current altcoin may be falling but I also think like you it will rise again in the near future.

Yes hope for the best is the best thing to control your emotions and crypto is all about nerves and time management and if you lag in anyone of these parts you will get a shock so first learn about the crypto markets so that when you jump into it practically you are mentally prepare to face any of situation otherwise there will a loss waiting for you and stop panicking this ruins the soul of the investor inside you.

layoutph

sr. member

Activity: 1372

Merit: 255

If you are a crypto trader with a gambler heart and very emotional, just buy Bitcoin and HOLD. If you are very emotional, then you should not trade your coin with other coins. Crypto coins is very volatile so theres a greate possibility that you could lose your investment.

scott btc

sr. member

Activity: 356

Merit: 250

hmm i have got this problem, when i buy then i go out and when i back the coin price is down, i can't do anything except using cut loss, not much but it's hurts
what i do is : - go to bathroom, take a shower, then do what your mind wanna do, just make your mind calm, the best way is sleep then do with other coin next.

PrinceCaspian

sr. member

Activity: 378

Merit: 250

Discipline yourself and be patient those two are the only keys in my opinion in controlling your emotion because if you can discipline yourself and be patient at the same time in doing decisions and especially in waiting then i can say that it is an easy thing for you to control your emotion effortlessly.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: valisa on November 02, 2017, 07:49:14 AM

controlling emotions when trading is very difficult because it usually carried emotions and want to get a big profit so that we can not think and carried away the flow, I am here still learn how to control emotions, because I think when trading ourselves isa that determines the loss or profit

This is the most important thing we should look at. as well as any analysis and strategy we are in trading then the result will be nil when we can not control emotions. I as one of traders of course experience something like this. When I can not control then I lose all my chances to make a profit, while I can control my emotions so I can make the slightest opportunity to be a chance to make a profit. This is a matter to be aware of, it is only good experiences that can keep us emotionally at our disposal.

billsted86

full member

Activity: 198

Merit: 100

I think you should stay calm and calm because altcoin prices will not always go down and later on the price will go up. try not to think that in the near future, if you can refreshing is to go out briefly with your friends.

blu24

newbie

Activity: 14

Merit: 0

your money management must strictly be followed. Establish you rules which you will apply literally.

valisa

full member

Activity: 364

Merit: 100

controlling emotions when trading is very difficult because it usually carried emotions and want to get a big profit so that we can not think and carried away the flow, I am here still learn how to control emotions, because I think when trading ourselves isa that determines the loss or profit

TerrorFromTheDeep

full member

Activity: 324

Merit: 100

It is very hard to control you mind. If you can control than you will be good trader, If you can not contorl just forget about tranding, betting etc... I don't think that you can learn to control yourself.

Cordillera

member

Activity: 154

Merit: 16

John 3:16/John 14:6

you are not alone sir. to control your emotion just think positive thats the secret dont look on your loses thats business everyone experience that never lose hope maybe you can wait for the right time for that altcoin to boom thats your focus now

KingdomHearts

hero member

Activity: 896

Merit: 514

Quote from: diskodasa on October 31, 2017, 02:41:36 AM

Alta coin is so a great coin. Maybe you should wait a few months. It will recover soon. Good luck to you!

Altcoin is actually a very good coin but you cannot trust on it for quite a long period of time. You can only trust on altcoin if you are planning for either day trading or short term investment. As far as controlling emotions is concerned, I think this is the most important thing you actually need to do no matter which thing you are doing. Just keep on controlling your nerves for your better tomorrow.

shawn995

full member

Activity: 350

Merit: 100

Quote from: Synaesthesia on November 02, 2017, 03:28:39 AM

Controlling emotion is the most difficult thing to do. You can do in short time. For me, when I fell losing my mind, I will go out for relax. After that come back and make a decision.

if you are doing trading then you should have ability to control your emotions. if you want to improve your this quality that how to control your emotions then i will suggest you that whenever you are doing trading and face a win or loss then you can start learning from your loss or your win so through this way your emotion will be under control.

entrepmind23

sr. member

Activity: 644

Merit: 261

Quote from: hridoyb on October 24, 2017, 12:41:56 AM

I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? Cry

Bitcoin is rallying so altcoins are down. You can hold your coins or you can just sell them at a loss and buy it lower. You mentioned that you just started trading a month ago so you don't have that much experience yet. I believe the key to control your emotions is through experience because even if you are so thorough in your analysis and have a trading plan already but you lack the psychological part then you will still lose more than you win and give in to your emotions in times of uncertainty. All traders started as a newbie but then those who are profitable nowadays went through losing more and then get through it that's why they already know how to do emotionless trading. Just continue trading and then still follow your trading plan and set a stop loss or hold your coins if you believe it will go up in the future because eventually if you just continue then you can control your emotions.

Synaesthesia

sr. member

Activity: 546

Merit: 253

Controlling emotion is the most difficult thing to do. You can do in short time. For me, when I fell losing my mind, I will go out for relax. After that come back and make a decision.

GregH37

legendary

Activity: 1302

Merit: 1037

Quote from: jerowacik on October 31, 2017, 07:54:11 PM

Quote from: richcorner100 on October 31, 2017, 07:48:29 PM

Trading not only need good skill in fundamental and technical analysis but more important think is keep patient and dont be greedy. If you trade on pair altcoin with BTC for the better do short trade and take profit around 10% because price of Bitcoin now strong up trend. And if floating minus about 10% for the better cut loss and wait to buy back on the deepest.

Emotional is important when we do anything. Trading is one job that requires good emotional control, because without any emotional control then we will not be able to make decisions appropriately. as you said that skill will not determine our success. without emotional control and also good decision-making then the skills we have will not mean anything. if I were a trader then I would prefer emotional control as the most important thing I should train from scratch.

Emotions play a very vital role not only in your normal life but also in your life related to investing of money. You need to do practice of controlling your nerves as much as you can so that you may not suffer in your life due to emotional trap. If you are bad in controlling your nerves and that too at the tense moments, then this may result in severe consequences. So keep good control on yourself.

rfouziha

member

Activity: 160

Merit: 14

I don't understand about emotion in the trading what I observed in my life is not to be more panic in any situation so that we no need to worry about the present situation which is not going to finish if we get emotion on it so let the situation solve by itself don't get tense about it.

FoxTheHuman

full member

Activity: 238

Merit: 100

Quote from: DenysM on November 01, 2017, 09:44:31 AM

I think that you are not the only one who lost money last month. I also bought a few coins that fell in price two or three times. I do not think they should be sold now. I will wait and advise you. I think that in the near future there will be a surge

The current altcoin may be falling but I also think like you it will rise again in the near future.

Topic: how control my emotion?? - page 14. (Read 8227 times)