How do you manage ur emotions? - page 20.

vectorshield

newbie

Activity: 59

Merit: 0

Quote from: tylerDjack on January 20, 2017, 03:27:25 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?

The only way to manage your emotions is to be 100% sure of what you are doing if you are trading emotionally then you are going to buy and sell based in that and you are going to lose money, only trade when the opportunity to make money is very clear.

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: Gheka on December 21, 2017, 12:31:05 PM

Quote from: ngacengan on December 21, 2017, 11:12:53 AM

Quote from: tylerDjack on January 20, 2017, 03:27:25 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?

I manage my emotions by way of sleep when I get stuck coin at a high price, if I get profit and get profit I just smile to myself. I never again panicked if I saw the price down, because I will hold it until the coin is back up the price.

Sleeping is not a way to manage emotions, it's just a way of avoiding when you can not face situations that happen around the market, even you are trading based entirely on luck, you do not have any skill. And you are wasting time when you wait for the price to rise again, you can not determine the price to cut losses, that is really too dangerous, sometimes the price will never rise back to the old price and you will lose a lot of money, so do not choose to go to bed is the way to solve problems. When you clearly understand the nature of the problem, your emotions will never fluctuate, and you want to do this, you need to have the knowledge, experience and ability to analyze the problem

I think one of the primary ways to manage emotions is to practice to be emotionless and just stick to your plan. For example, if you want to buy at $1 price of a certain coin and target to $5 price to sell it, you just wait patiently and never mind the the present price fluctuation and just wait until it is filled up.

Gheka

hero member

Activity: 1456

Merit: 501

DGbet.fun - Crypto Sportsbook

Quote from: ngacengan on December 21, 2017, 11:12:53 AM

Quote from: tylerDjack on January 20, 2017, 03:27:25 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?

I manage my emotions by way of sleep when I get stuck coin at a high price, if I get profit and get profit I just smile to myself. I never again panicked if I saw the price down, because I will hold it until the coin is back up the price.

Sleeping is not a way to manage emotions, it's just a way of avoiding when you can not face situations that happen around the market, even you are trading based entirely on luck, you do not have any skill. And you are wasting time when you wait for the price to rise again, you can not determine the price to cut losses, that is really too dangerous, sometimes the price will never rise back to the old price and you will lose a lot of money, so do not choose to go to bed is the way to solve problems. When you clearly understand the nature of the problem, your emotions will never fluctuate, and you want to do this, you need to have the knowledge, experience and ability to analyze the problem

kenzruiz

newbie

Activity: 96

Merit: 0

Well, I handle my emotions in order to my previous trading experience! In past, when I used aggressive trading lot size then all the time I crashed my balance! This is way, now I am not interested to use aggressive trading lot size!

crenfrosck

member

Activity: 470

Merit: 12

This really depends on the way how do I feel that day. Sometimes I'd hodl even in a major crash and sometimes I can't hodl even for days. This process of discovering yourself is amazing in its specific way. I am battling with borders of area "where it should be" and RL situation in my head.

When you face new things, you can even discover things about your inner you. Is it good or bad? Time will tell.

ngacengan

full member

Activity: 504

Merit: 100

Quote from: tylerDjack on January 20, 2017, 03:27:25 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?

I manage my emotions by way of sleep when I get stuck coin at a high price, if I get profit and get profit I just smile to myself. I never again panicked if I saw the price down, because I will hold it until the coin is back up the price.

OPEXDECAPEX

newbie

Activity: 61

Merit: 0

It's hard.. I am a relative newbie in trading cryptos only 6 months of experience. The swings are really not what I am used to in traditional trading.

Orino Suimuri

member

Activity: 129

Merit: 10

RedTube & Rasputin Party Mansion

Emotions - generally speaking - are strictly tied to uncertainty: if you already know the end (in a movie, a book, a football match) you don't feel any special emotions about the subject.
In trading, you can minimize uncertainty with good strategies and methods.

Bitcoininspace

sr. member

Activity: 574

Merit: 250

Quote from: tylerDjack on January 20, 2017, 03:27:25 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?

It is very bad for a trader and indeed for any businessman to succumb to his emotions. Trading is figures first of all that are not subject to feelings. You should study this question deeper.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: maot4 on December 21, 2017, 07:55:25 AM

Its easy to get carried away especially with how the market has been rising lately.. I personally just determine what my goal is and stick to it, I.e. am I looking long term or just looking to get a specific profit and move on.. I would say determine what you want and stick to it where possible

Manage your emotion well that it will give you a positive output, do not be weak when you are trading because it will
lead you to making a wrong decision, also focus on your strategy and not on your emotion.
When you loss, you learn from it and then move on, aim for more success and improve every time you made mistakes.

maot4

full member

Activity: 392

Merit: 102

Its easy to get carried away especially with how the market has been rising lately.. I personally just determine what my goal is and stick to it, I.e. am I looking long term or just looking to get a specific profit and move on.. I would say determine what you want and stick to it where possible

judgememes

jr. member

Activity: 56

Merit: 1

Mostly i drink beer and it brings me back to ground

Sand King

full member

Activity: 462

Merit: 100

I manage my emotion really well because if i will not manage my emotion maybe i can not focus on trading and if that will happen maybe i lost more profit, and i manage my emotion very well because i wan to be an expert in trading and i want to make many profit by the help of trading.

Lupus Solitarius

member

Activity: 273

Merit: 11

It's impossible to get completely rid of emotions; but you can't limit their influence, as if you act under emotional impulse you'll probably will make mistakes.
Don't use money you need, and don't think generally about money. It's a video game,
This approach helped me a lot.

CowboyKiller

sr. member

Activity: 463

Merit: 250

Quote from: 8Habits on December 11, 2017, 07:05:43 PM

Quote from: cavaBcoin on December 11, 2017, 08:27:45 AM

I personally think that emotion plays an important role in trading especially in crypto-currency. You know if a person who always be in bad mood, he will never does anything perfectly . The same as it, when you have negative emotion you will often make mistakes and don’t get any results you’ve expected.So you should form your own skill for control your emotion. Patience, carefulness, sureness and decision are the only key for you to manage your emotion easily.

That is really one of the important things in trading that you need to master - controlling your emotion. Emotion is very strong and any event of price going down can really affect you when you are too emotional. There are many ways to control it like doing pre-planned trading and stick to your plan no matter what.

If you can prepare the strategy and plan before trading careful, I am sure you do not have any problem to manage your emotion. Because all things calculated careful and you already to see the next move of the market.

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: cavaBcoin on December 11, 2017, 08:27:45 AM

I personally think that emotion plays an important role in trading especially in crypto-currency. You know if a person who always be in bad mood, he will never does anything perfectly . The same as it, when you have negative emotion you will often make mistakes and don’t get any results you’ve expected.So you should form your own skill for control your emotion. Patience, carefulness, sureness and decision are the only key for you to manage your emotion easily.

That is really one of the important things in trading that you need to master - controlling your emotion. Emotion is very strong and any event of price going down can really affect you when you are too emotional. There are many ways to control it like doing pre-planned trading and stick to your plan no matter what.

cavaBcoin

member

Activity: 181

Merit: 12

I personally think that emotion plays an important role in trading especially in crypto-currency. You know if a person who always be in bad mood, he will never does anything perfectly . The same as it, when you have negative emotion you will often make mistakes and don’t get any results you’ve expected.So you should form your own skill for control your emotion. Patience, carefulness, sureness and decision are the only key for you to manage your emotion easily.

vestenvinden

newbie

Activity: 32

Merit: 0

In the beginning I lost a lot of money on trading, because of decisions based on emotions. It normally happened if I spend too much time looking at charts, so I tried to take breaks and dont spend too much time trading. It helped a lot.

Also as I got more experience, I got more cold. You learn from your mistakes, and you will make mistakes in the beginning.

You also learn there is no quick way to earn money

joesan2012

full member

Activity: 336

Merit: 112

Me too , i'd been there already, I was also a greedy and low patience trader .. I used to set goals when I trade., I set goals when the coin got dumped and set also a goal when it pumps , but the craziest thing happened when I seen the coin get higher price my plan is destroy . I will cancel it and set to a new bid then end losing .. I failed my 1st trade . So I decided to pause trading then did a research I payed ebooks to study trading , learn technical analysis and indicators . Then I changed my strategy instead of day trading I choose to hodl the coin and choose not.to.break my plan and now I seldom loss, we need to accept failure in order for us to be succeeded. Greediness and impatience are the main reason why we are loss.

crocozino

sr. member

Activity: 420

Merit: 250

it's really important to know maximum info about the market you're going to enter, you need to have good and working plan for going for trade ( like stop loss and take profit).
i think if you do not have good plan, then you will become a bug holder and can lose money. So you need to study the market, do some analysis and according to your analysis, you should take actions, doing trade in such manner can protect yourself from emotions and loosing and can really help to earn money in trading.

Topic: How do you manage ur emotions? - page 20. (Read 55924 times)