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Topic: How do you handle your emotion when crypto markets go up and down?? - page 6. (Read 1206 times)

jr. member
Activity: 131
Merit: 1
If there is nothing to share, it goes up and sells. What do you do, my friend?
jr. member
Activity: 133
Merit: 1
I'm not going to sell my tokens, either go up or go to zero.
sr. member
Activity: 672
Merit: 251
I so often reload Coinmarket cap web pages as well as Blockfolio, so I also don't know how to cope with it. My thought is that just forget about your portfolio for certain period of time. Only by doing this you can catch big movement
sr. member
Activity: 812
Merit: 317
When investing, always listen your gut its the right thing to do. Patience will give you good profits.
Non-stop looking at falls of your crypto will not help you a bit  ,just to make you nervous.  Smiley
Of course, if you have invested in real-world funds in the crypto currency, then you have something to worry about. But I am amateurs have already sold both cars and a house, only in order to buy a crypto currency. I consider this to be utter recklessness. But basically, you need to restrain your emotions and Do not do stupid things.
full member
Activity: 434
Merit: 102
Chikuntv
1) Dont put more than you can afford to lose
2) DYOR
3) Always learn
full member
Activity: 560
Merit: 100
When investing, always listen your gut its the right thing to do. Patience will give you good profits.
Non-stop looking at falls of your crypto will not help you a bit  ,just to make you nervous.  Smiley
sr. member
Activity: 924
Merit: 260
Handling your emotions during upward price movement is very important in other to be able to trade successful. Bitcoin trading is a very risky venture and putting your money into it is very risky. Therefore it involves emotions specially if the price is going against your position and if it is going in your favor you may be worried to sell it. I always have my trading plan before investing into any assets.
newbie
Activity: 99
Merit: 0
first, you need the target to selling your asset, just don't try to be greedy perhaps put 10%-20% for the target. just remember don't sell your asset when you loss your money.
sr. member
Activity: 652
Merit: 250
Make winning bets on sports with Sportsbet.io!

Well , the most easiest way will be not checking the wallet and coinmarket  Grin .
What else can be a better way to stop that adrenaline rushing inside you .  You really need patience to stay in this business because trust me any sort of panic has never given any profit . Regrets are meant to be felt after such panics . If whole market is going down , than there must be no fear because it will recover again . But if only a particular coin is going down than you better stress about it.                                                       
newbie
Activity: 144
Merit: 0
Hello guys please can we share our views on how to handle one emotions better  especially when crypto market goes up and down to avoid selling token cheaply. Wink

You have to believe in what you hold that will give you an advantage. The rise and fall of the price of crypto is a normal thing so you do not quickly become panic sellers, be patient the market will gradually stabilize.
hero member
Activity: 1134
Merit: 517
Hello guys please can we share our views on how to handle one emotions better  especially when crypto market goes up and down to avoid selling token cheaply. Wink
This is the hardest thing in this market. Psychology decides it all. If you are calm and do not panic you will be rich in this market but it is hard to do that, I am a holder and I do not often see the price of the market. So when prices go up or down I do not care. I only sell when I reach the goal
One thing is missing out in your argument above and is that without a good entry point, you might having to wait for a long while before the open order turns green, if it ever does and that would also imply a huge exposure to the market, which is a terror and a reason some traders ends up buying high and selling low.

With trading tools like Bollinger Bands, a trader can always ascertain the predominant market trend using the high time frames and then stepping down to the lower frame for spotting good entry points in the direction of the confirmed trend. The lower and upper bands of the higher time frames are famous for spotting market reversals.
sr. member
Activity: 420
Merit: 250
What I do is I set my coins a sell order and won’t change it. Oh and I make sure the coins I sell which are still cheap have the possibility of growing its demand and supply amy e a couple percentage on that span of time I set them in sell order. And most of the time, I just wont check my portfolio and hodl until it turns green back again.
newbie
Activity: 118
Merit: 0
I feel relax when markets goes down because of the type of coins i deal with but when the markets goes down am a little bit worry because of the unknown in the market.
full member
Activity: 336
Merit: 100
I would say uninstall all crypto apps and stop checking your portfolio. If you just wanna HODL then also consider evading any crypto related news for some time Smiley
legendary
Activity: 2548
Merit: 1519
If you can't handle the pressure then;
1-don't buy crypto
2-don't buy minor coins
3-don't trade for short term
4-just buy and forget, you will make money on long term.
These are your options. Which route will you go now, decide.
member
Activity: 294
Merit: 13
Just doing activity like when you haven't meet the crypto world. Try to open your investment at least in a month, if you haven't earn yet you can wait again and this is called "patient". For me, I'm just enjoyed with my bounty campaign, trying to make money with it, and of course my reward also for investment.
If you believe that coins have you bought my suggestion is just wait 
member
Activity: 311
Merit: 10
Don't invest money which you cannot afford to lose and everything be fine. I'm always say goodbye to money which I invest in cryptocurrency and sleep well.
member
Activity: 294
Merit: 10
Everyone is different, some will never be able to handle emotions. Some people are born with this ability.
member
Activity: 336
Merit: 10
W12 – Blockchain protocol
Hello guys please can we share our views on how to handle one emotions better  especially when crypto market goes up and down to avoid selling token cheaply. Wink
Emotions will be your enemy in dealing crypto currency investments. If you trust your investments that it will be profitable then no need to worry if the price drops as that is normal. So you need to prefer yourself on this situation and divert your time to go out with friends and temporarily forget your investments.
sr. member
Activity: 644
Merit: 261
Hello guys please can we share our views on how to handle one emotions better  especially when crypto market goes up and down to avoid selling token cheaply. Wink

You can handle it by having a trading plan always. Although you can just choose to hold your coin just like the majority when the coin is going down, you can have the opportunity to sell it higher in price so that you can buy lower. If you choose the high volume coins then there is not that much volatility compared to low volume that are prone to pump and dump. If you set your stop loss around 10% or 15% and the coin continue to go lower and if you didn't sold it earlier then you would have lose 50%. You can now buy more of the coin because you have a trading plan.

You cannot avoid to be emotional when trading especially if you are a newbie but through experience you will get through it. Do not be afraid to lose because you will learn more from it.
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