Topic: how control my emotion?? - page 15. (Read 8227 times)
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
You don't have to control your emotions. Fix you target after buying, make your sell offer, forget about it and skip to other trade.
Funny enough! Emotions will not even come if you know what you are doing. So many people take trading as gambling, no learning, no skills and then they just feel it is all about luck and trying to just hope they can make a profit anyhow. If it works that way, we'd all be making huge amount of money by now, won't we? If you already know all to expect from a trade, you would have planned it even before getting in and that includes taking profit, or reducing losses. If you loose, just like you have said, find a better position to make profit, that is why they call it entry or exit strategy.
I think this is a very essential and important topic when dealing in crypto world. In relation to the emotional aspect, especially the knowing of the own interpretation of the personal behaviour is a very impoertant first step. Following rules (that you can create for your own, e.g. sell when price xy is reached and don`t wait any longer or vice versa sell when the loss is xy percent) could be a next step / task
First of all if you are a newbie you should only buy altcoins you have strong fundamentals,but do your own dilligence thoroughly. This kind of coins will eventually raise and you will get in nice profits,but if you trade blindly and buy altcoins like you picking vegetables from the grocery store you'll probably get burnt.
On another note, altcoins season is coming.. so hodl your strong fundamentals altcoins.
It is very difficult to control the emotions in every unexpected thing. When you win a lottery you will not control your emotion because of the big money which you have won by betting so little money. On another note, altcoins season is coming.. so hodl your strong fundamentals altcoins.
The same is here in bitcoin when the price falls the investors lose their money and when the price goes up the profit also goes up and you will not control your emotions when you make huge money with bitcoin investments. For me it is very difficult to control my self is such situations.
Sometimes you can't really avoid those situations when you put up a big amount on a coin so the only thing I can say is diversify all of it so there's a balance that in case the other altcoins will fall, the rest are rising.
Yes, there is no way to control your emotion if you are on that situation that your emotion tells you to sell your coins and go panic. But there's a way to control your emotion, take always something to drink when you are feeling that your emotion is starting to feel like that. And by that way, you can be calm when your emotion triggers you to do something nuts so just try my suggestion as it works for me.
Sometimes you can't really avoid those situations when you put up a big amount on a coin so the only thing I can say is diversify all of it so there's a balance that in case the other altcoins will fall, the rest are rising.
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 ? 
Do not control your mind. Let it control you instead. I think emotions are the ones that are controlling you right now because you are reacting. And these emotions are now the ones that are dictating your mind. Be reasonable! Be rational! Be mindful! Do not react with your emotions running high. Do not act immediately. Do not react immediately. Read and study and analyze before acting.
The same is here in bitcoin when the price falls the investors lose their money and when the price goes up the profit also goes up and you will not control your emotions when you make huge money with bitcoin investments. I cannot control my emotions in bad or good situations.
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 ?
Relax buddy, because basically if there is a decrease then there will be a rise later, you should hold it so it will not disappear, never waver or panic selling because it's an emotion. I also hold some altcoin and the price goes down continuously, but I do not sell it because I'm sure the price will return to normal and go up. it just takes time, we never know when the price can go back up. This is now the only advice applicable for the OP. I also suggest not to keep looking at the price and forget about Altacoin for now. You are what we call a "bag holder".
Why did you invest in Altacoin in the first place?
In my opinion, before trade you should be set up amount persentase the stop loss and take profit, for example if you decide to taking profit 20% and stop loss 10% , when reach this line (stop loss or take profit) should be done, and buy again other coin or same coin with patiently to get deepest price. So in trading very important to control emotion.
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 ?
News, team projects and systems are things you have to research about your altcoin if you're trying to do the real business here. if we have many experience especially in trading then I think we can trying to learn to be patience so we can control our emotion. I see that if we spend more than 7 hours in front of our computer can give a bad effect to us which is our emotion can be effect and we can not clearly thinking when we see something is happen. so I think you need to take a rest for a while after you watching the market in a hour and you can come back again in 15 minutes or 30 minutes to continue trading. before you make decision, make sure you take a deep breath and think twice about your decision so you won't regret after you made decision.
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. 
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.
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 ?
News, team projects and systems are things you have to research about your altcoin if you're trying to do the real business here. 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 ?
News, team projects and systems are things you have to research about your altcoin if you're trying to do the real business here. 
Let me share my similar story here, a few years ago I invested in one altcoin after doing significant research for the same. However, in less than a couple of weeks after investment, the price went down and I was in 35% loss for the same. However, since I had my research to support my investment decision, I kept it as it is and within few months, I saw about 10% to 20% profit for the same investment and that means it not only covered 35% loss but also made 10%+ profit. Moral of the story: If you have any research behind your investment decision then don't get panic.
if a person must control their emotions, then first of all this person must learn to control their actions. Only if you are sure of what you are doing, you can really avoid panic in certain situations.That's something i need to work on. Im also carried away when i was trading specially when my coin is droping. I need to work on it too to become a good trader.
Being a trader, the most important thing which you need to consider is nothing other than controlling your nerves not only at the hard times but almost every time. If you will not have control on your emotions, then you can never make some good decision and which can even result in huge amount of loss as well. You really need to develop this habit of remaining cool and calm.yes exactly being calm can help the person on that situation where in there is a lot of dump but if you study on it before you trade if you have a plan when to sell can help you too because we can even know that this will pump or dump but always think positive whenever what can happen.
The only way to control your emotion is to occur loss.
once you have lost 905 of your invested money ,then you never ever feel any thing.
And only then you will do what you wanted to do exactly and will not pannic for sure.
This i did not know untill i lost my 90% in treading but now i donot feel the panic.
once you have lost 905 of your invested money ,then you never ever feel any thing.
And only then you will do what you wanted to do exactly and will not pannic for sure.
This i did not know untill i lost my 90% in treading but now i donot feel the panic.
That's something i need to work on. Im also carried away when i was trading specially when my coin is droping. I need to work on it too to become a good trader.
Do it. Do it right now. Don’t wait for the time, just take a start. Because when you intend to start trading in bitcoins, then you surely have to adjust with this shitty fact of loss and risk. As well as profit is concerned, everyone wants it. Be prepare yourself for the worst conditions when your coin is dropping, when prices are not getting up again and much that. Be confident and be patient.
I think that the best way to control emotion is to trade that amount of money whis you can lose.
You trades will be smarter and nerves will become stronger.
You trades will be smarter and nerves will become stronger.
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 ?
Follow the best logic to get the best value. To start on trading with altcoins its a months that you should have wait. More patient is the best thing to do. And other wise you'll get the best one.
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