how control my emotion?? - page 19. | Bitcointalksearch.org

sakkosekk

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Quote from: BlockchainReserve on October 27, 2017, 12:58:31 PM

Quote from: hridoyb on October 24, 2017, 01:41:56 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

you literally walk away from the computer and dont look at this. This is when you need to either sell at the top to manage your losses but at this point, the losses are too high so you need to be patient and wait for the next wave. Dont keep looking.

An interesting idea, I have not tried it yet, when I lose I try to look for orders to remove the lost money, and that often causes me to lose more money.

sakkosekk

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A very interesting question, many traders when dealing with this problem, I think you simply have to trade demo several times, or trade with smaller amounts, calm down in each decision.

BlockchainReserve

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Quote from: hridoyb on October 24, 2017, 01:41:56 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

you literally walk away from the computer and dont look at this. This is when you need to either sell at the top to manage your losses but at this point, the losses are too high so you need to be patient and wait for the next wave. Dont keep looking.

gabmen

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Quote from: nodav on October 27, 2017, 09:44:25 AM

Quote from: hridoyb on October 24, 2017, 01:41:56 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

Just loose your private key

Best strategy since 2011 lol

Lol. That's an extreme measure already. Just try to be patient with it dude. Your emotions would always be there whether you like it or not. You can't suppress it, you juat have to react calmly so your mind is clear when the time comes for making decisions again

xKARELx

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Quote from: hridoyb on October 24, 2017, 01:41:56 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

Think about what you can do if you do not keep yourself in hand, especially if you can harm your family!

nodav

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Quote from: hridoyb on October 24, 2017, 01:41:56 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

Just loose your private key

Best strategy since 2011 lol

legenduim

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Maybe yoga have any sense in emotions controlling, I havenot practice it yet. For me it is sport that is really helpful in battle with the stress. It is difficult, of course, to do sport when you are sitting at the computer. But there is no other way like making some intensive physical exercises: push-ups, pull-ups.

Japinat

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Quote from: Rana590 on October 27, 2017, 04:54:22 AM

Trading is not for all person who don't know the basic rules of it. Before joining in trading you should follow many things like marketcap, supply, demand, price of stable coin etc. Hoping on big profit is a cause of lost money.

That's basic, you need to understand all the terminologies and where to get the information to analyze the coins you are trading.
Everything can be read online and it could be the basis of our decision making, if you are lazy reading to update yourself, you won't succeed in trading as although it's just a guessing game but it's an educated guess.

Rana590

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Trading is not for all person who don't know the basic rules of it. Before joining in trading you should follow many things like marketcap, supply, demand, price of stable coin etc. Hoping on big profit is a cause of lost money.

BabyBoss

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Quote from: hridoyb on October 24, 2017, 01:41:56 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

Still keep holding it, don't try to sell it because you will regret soon. Remember that in the world of trading you need to face the reality that there is dump status of coins and a pump status of coins.

Kemarit

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Quote from: hridoyb on October 24, 2017, 01:41:56 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

Is really hard to control one's emotion specially in trading. That's why we preached that you need to check your emotions in doing trading. Used your mind bro, not your emotions and don't listen to anyone. Because there's a lot of members here who are creating panic and spreading a lot of FUD, so it you listen to them you will sell your bitcoin and will get a big lose. Sometimes a walk outside will somewhat clear your judgement whether to sell or not. That's what I do before, when I was very emotional and wants to sell. Will go out and take out my dog for a walk and then return with a different mindset not to sell my coins. Fortunately, it really help me because if I have sold then I will also take a lot of loses. Now, I'm more matured and not be affected by the negative news. I just hold my bitcoins.

karungbitcoin

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If you trade altcoin that paired with BTC for the better do day trading, because the price of BTC going up fast. If buy altcoin for longterm investment better buy it with USDT. And if you are now in loss more than 50% for the better just hold and wait the price move up other 10% then sell it, then again buy other altcoin on the deep and that has good in fundamental to recover loss.

crazycatwoman03

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Quote from: nano77 on October 27, 2017, 03:18:23 AM

Quote from: hridoyb on October 24, 2017, 01:41:56 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

In trading it takes patience and tranquility in emotions if you buy at a high price then the price down is normal, many people who experience it like you better calm down and be patient waiting until the price goes up again.

Right, patience is needed in trading coins but still holding emotions are sometimes hard especially if the price keeps going down. What I do is just set my order whenever I trade. I don't watch over the price so that I will not be displeased if the price keeps going down. I go back to the exchanger after an hour just to check if my order is processed.

In trading, if you are not able to control your emotion you will always end up selling your coins at lower prices and loss the opportunity or the chance on earning good profit.

nano77

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Quote from: hridoyb on October 24, 2017, 01:41:56 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

In trading it takes patience and tranquility in emotions if you buy at a high price then the price down is normal, many people who experience it like you better calm down and be patient waiting until the price goes up again.

usekevin

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Quote from: mamesso on October 26, 2017, 08:37:50 AM

backup,
it is one way to avoid losing money.
then hold it until the situation improves.
this time is not the right time to trade.

Due to emotion many will sell their holding btc with low price and think about when the Price move towards the next peak.So control your emotions,when the price reduced and hold your bitcoin at that time.Then give some time to the price to reach.Spare some time to reach so.If it happen.Sell your holding and manage your Financial Problem.

elghoniya

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Quote from: player514 on October 24, 2017, 02:20:26 AM

Quote from: RoommateAgreement on October 24, 2017, 01:48:11 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.

This is good advice. OP, if you're reading this, do take this advice in hand.

Also, you shouldn't necessarily panic -- altcoins and everything in general has a chance to go back up in the future unless it's dropping very very low. Another thing you can do is make sure you don't put all of your money into investments. Make sure you keep some of it out so that you can keep investing even if you don't do well on your current investments.

its right, a good advice. stay control emotion while a loss

ajqjjj

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Quote from: MissionPhailed on October 24, 2017, 03:21:29 PM

Also, realize that you're now facing a potential loss at this moment. If you proceed to sell, you'll have an actual loss. Btw, most alts have lost in the past month or so due to a major bullrun of Bitcoin. Chances are the majority of alts will recover somewhat as the inevitable sell-off after the current peak of BTC occurs. In the (near) future you could try to maintain some sort of balance (50/50?) between BTC and alts. Makes you less prone to the several fluctuations of the altcoin-market!

Bitcoin investment is create more complicated for new users. We should control the emotions and investment. Because new users does not have that much knowledge to invest. We should analyse future possibilities and how to improve the profit. Most the users are invest in Bitcoin and some other users are in altcoins. but any cryptocurrency is not stable. They have lot fluctuations in cryptocurrency. So must careful to choose coins.

Colt22

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Quote from: bitgolden on October 26, 2017, 06:26:50 AM

Quote from: ?? on ??

From one professional trader I heard that yoga is very helpful. Says for a trader is a masthave.

Hahahaha yeah there are many ways to relieve yourself. Actually human is made to accept all the losses and profits in his life, it is just the matter some get this feature implemented in bright way and some are late to implement this.

Results coming in the sadness and worries after a loss. So better is to jump out of these situations. Make your life compatible with losses and profit.

Nice pieces of advices! You seem very realistic and practical in life. Though losses are part of life just like profits and should be accepted as soon as possible but some people are so reluctant to accept these harsh realities that they suffer a lot emotionally and physically under such circumstances. You need to show some flexibility in order to stay happy and calm in your life.

mamesso

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backup,
it is one way to avoid losing money.
then hold it until the situation improves.
this time is not the right time to trade.

bitgolden

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Quote from: ?? on ??

From one professional trader I heard that yoga is very helpful. Says for a trader is a masthave.

Hahahaha yeah there are many ways to relieve yourself. Actually human is made to accept all the losses and profits in his life, it is just the matter some get this feature implemented in bright way and some are late to implement this.

Results coming in the sadness and worries after a loss. So better is to jump out of these situations. Make your life compatible with losses and profit.

Topic: how control my emotion?? - page 19. (Read 8207 times)