How do you manage ur emotions? - page 15.

sucix

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Quote from: tylerDjack on January 20, 2017, 02:27:25 AM

Greetings!

While trading sometimes I drop back from my original plan. Such emotional decisions often bring loss cuz I tend to change orders on panic or when I mistakenly expect more potential income. How do you deal with that if you feel the same way?

Panic and emotion normally come at the same time so we have to handle them together.
I have no good idea how to handle them but i always discipline with my trading plan and it can make me not so emotion.

imyashir

copper member

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Quote from: tylerDjack on January 20, 2017, 02:27:25 AM

Greetings!

While trading sometimes I drop back from my original plan. Such emotional decisions often bring loss cuz I tend to change orders on panic or when I mistakenly expect more potential income. How do you deal with that if you feel the same way?

panic selling is a cause cant control the emotion. Like if u have a target price but i didnt desired totaly profit and did you see the buying orders are a lot then you cancel your orders until u wait the pumping again this is wrong way.. If u want to control ur emotion just desired ur profit when you exit in crypto.

Maslate

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Quote from: tanxingwo1215 on January 10, 2018, 06:26:53 AM

Every trader should know how they manage their emotions, trading is risky, and profit and loss are normal! If we can't control our emotions, emotions can affect our judgment and we may lose a lot of money in the trade. If we trade, we should keep calm.

Well, if you are weak in managing your emotion you won't be successful as a trader.
Planning is very important but it will only work if we are going to take it into action but if we are weak emotionally
we will not be able to execute our game plan very well.

mudasarali43

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Its is good question because trading is a platform and mostly cryptocurrency trading is a platform in that we have to many chances to become more and more profitable trader in think this is the platform in which you can earn 10X of your investment but its not sure how much time you survive with this profit, May be in next few days you may put down your profit or may be you actual amount in 10X loss so the main thing is work on trading with some manners and good manner makes you aware of loss and when you are free from loss then you must have good emotions.

tanxingwo1215

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Every trader should know how they manage their emotions, trading is risky, and profit and loss are normal! If we can't control our emotions, emotions can affect our judgment and we may lose a lot of money in the trade. If we trade, we should keep calm.

adaseb

legendary

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I know many traders who are experienced traders and make good money who let their emotions take the best of them sometimes.

Its not very easy to manage them. That's why most of Wall street trading is done by algo bots which never trade on emotion, they just need to be programmed.

Also capital has something to do with it. If you got less capital, you risk more and become more emotional. The opposite is also true.

zeaderza

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Quote from: TorbiK on January 08, 2018, 05:45:49 AM

Just do not change the plan. Even when it is reasonable to really change it. You find the entry point and an approximate exit point or stop-loss. Have placed orders and wait.

If you are thinking that your emotions are just going up and down, you must need to stop. Like you have said, there must be a stop-loss strategy. That when you are dealing in some losses then you must not be going again at that very moment. Wait for the time and relax until you are good to go for the next affordable loss or win. So manage your emotions, it is more important that money.

Topaz72

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Quote from: enwi on January 03, 2018, 08:06:15 AM

in trading we often can not manage the emotions especially when the price down and will be detrimental for us, in that condition I will stop for a while and see whether the opportunity is still able to gain profit by holding it

It’s true that it’s very hard to control your emotions because when you lose in trade so it’s a very time and it happen when me last year one day I sell bitcoin and I did not check the price of bitcoin on that day because one day before I check the price already and on that day I thought that its price will be high and when I sell bitcoin so I lose a lot of money there and believe me for one week I stop my work because I was very disappointed and that happen just because of me .

TeamUp

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Dont invest money that hold sentimental value like savings, bonuses, salary or any money you work hard to earn, because it will be a source of your FEAR when you see the price of the coin is falling down which lead to panic selling. Try to invest money that you are not afraid to lose. Trading in crypto currencies is more like a gambling

shinchan123

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Controlling your emotions in trading is easier said than done! I think there is no easy way to do this and experience is the only key. You also have to do a thorough research before placing your bet. Observe the market for a few days or even weeks (if you’re really skeptical) by doing paper trade). In the end, if still lose, you can’t really blame yourself.

Getcoinsite

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Quote from: tylerDjack on January 20, 2017, 02:27:25 AM

Greetings!

While trading sometimes I drop back from my original plan. Such emotional decisions often bring loss cuz I tend to change orders on panic or when I mistakenly expect more potential income. How do you deal with that if you feel the same way?

sad to say,this is how most of the traders loss and become desperate and think of trading is the greatest mistake they ever had,imagine how will you react seeing your capiital slowly dropping and you cant resist to sell even when your loss?

But this is the main goal every traders must achieve to become a expert and successful trader.having self control and not panicking even when the coins they are betting becomes almost no value.we should understand that everycoins that drops will recover even if it takes a long time.

babsjoe

full member

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Taking hold of yourself emotionally does not come to you automatically, you will have to experience emotional upheaver before you start to learn how to be more rational than emotional when it comes to trading cryptocurrency! If you can handle your emotions by yourself, then you need to see a therapist!

dharnamonitor

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Quote from: Protected101 on January 07, 2018, 12:14:04 AM

Controlling our emotions in panic buying is hard to control,but we need to control it because it can result in negative vibes for our money to loose.Learn to expect whatever happens in our money if it is decreasing or increasing ,learn to be positive always and accept the fact that loosing is part of our life in trading.

Not really panic buying but rather panic selling 😂. Once they see their crypto being dump that's the time where they panic. Same when a certain big crypto decreased in price, they tend to panic 😂. So I think we can manage our emotions by just taking a plan while trading and sticking with it until you satisfied..xD

TorbiK

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Diagon

Just do not change the plan. Even when it is reasonable to really change it. You find the entry point and an approximate exit point or stop-loss. Have placed orders and wait.

swscowods

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Quote from: Protected101 on January 07, 2018, 12:14:04 AM

Controlling our emotions in panic buying is hard to control,but we need to control it because it can result in negative vibes for our money to loose.Learn to expect whatever happens in our money if it is decreasing or increasing ,learn to be positive always and accept the fact that loosing is part of our life in trading.

It is difficult but it is not different. And for this controlling I think you must be kicked with loss earlier. That will help you to make a better decision at that hard time when you are just fluctuating between two decisions. There are some people who can control themselves because your money is on stake. You must be controlling this thing else a heavy loss will be there to welcome you.

mikitachu

newbie

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I make many mistaken decisions in trading because of emotions. For example, sold some alts yesterday cause they were pumped a lot, then found out some of theme could continue to grow and bought back at higher price.

I hope with experience I will become calmer and more discreet Wink

haster100

member

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I really made plan before I make trades. I made strategies and trade plans. But when I am about to start trading I always get nervous a little bit excited and fear. which results to miscalculations and bad trade management. Anyone there have a system to control this kind of emotions.

hxk451

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Overseeing of the emotions were the one that is required in the exchanging of BTC also other cryptographic money related exercises. Feelings assume a major part on the grounds that the more you are sincerely down more you'll need in the advancement of good exchanging viewpoints. So potentially as we anticipate that so we need will be at exactly that point the benefit will be our own.

bitcoinKnight809

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Quote from: yepaiyique2 on January 07, 2018, 12:44:48 AM

I think it's important to follow your heart and intuition. If possible, calm your head, don't panic, and think twice before you make some risky moves or decisions. And know that there are going to be losses and bad moments, so don't think of it as a tragedy, but try to minimize your negative emotions and learn from them.

Lol you mean 'NOT' to follow your heart and intuition right? If you base your trading decisions on both, it will be all on luck which ends up getting you broke.

yepaiyique2

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I think it's important to follow your heart and intuition. If possible, calm your head, don't panic, and think twice before you make some risky moves or decisions. And know that there are going to be losses and bad moments, so don't think of it as a tragedy, but try to minimize your negative emotions and learn from them.

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