Topic: How do you manage ur emotions? - page 30. (Read 55924 times)
If you stay with bitcoin long enough, your emotions will harden and you will become desensitized to price swings. The market takes money from emotional traders.
Work out your strategy and do everything according to strategy. Then you will not have to be nervous. And when you buy, think through all the options. And do everything without emotion.
However, profit and loss will definitely be experienced. We will be very happy if the profit, and sometimes so slumped during loss. Just relax, any loss will surely be replaced. Keep the spirit and keep trying.
The experience ever in that can be a very valuable lesson so that we can control our emotions. It could be several factors so that we do not make a second mistake. The blame for what we have done in terms of panic against the sales coin that we have not to happen again. Maybe everyone must have made a mistake. So I think make the mistake we once did as the most valuable teacher, so we can control our emotions in trading bitcoin.
I am a new trader,that's why maximum time I can't control my emotions. as a result I m going to losser. but now I have few experience from my mistake and doing well my trading.
In my experience most of the time I panie c myself and end with loose. after 3years of trading experience now I just relax for a while and deside what to do then make decision what next move to be.
Emotions change when you won and when you loose depend upon the wining and loosing.
Experience will really help you because if you know how the market move then for sure you will never panic, when you panic that could be the end of your journey as that means you do not trust your decision to invest on bitcoin. Knowing that bitcoin's price is volatile should already understand that anytime price swings can happen and instead of feeling the pressure, let's relax and wait for the pump.Emotions change when you won and when you loose depend upon the wining and loosing.
The volatility in crypto is so much probably best to always have a short and long term strategy e.g if you bought a coin you can always secide upfront what percentage of it you will sell in the short term and what percentage you want hold onto,so no matter how the market moves you should probably not flip flop on thestrategy because more often than not value goes up in the long term
In my experience most of the time I panie c myself and end with loose. after 3years of trading experience now I just relax for a while and deside what to do then make decision what next move to be.
Emotions change when you won and when you loose depend upon the wining and loosing.
Experience will really help you because if you know how the market move then for sure you will never panic, when you panic that could be the end of your journey as that means you do not trust your decision to invest on bitcoin. Knowing that bitcoin's price is volatile should already understand that anytime price swings can happen and instead of feeling the pressure, let's relax and wait for the pump.Emotions change when you won and when you loose depend upon the wining and loosing.
In my experience most of the time I panie c myself and end with loose. after 3years of trading experience now I just relax for a while and deside what to do then make decision what next move to be.
Emotions change when you won and when you loose depend upon the wining and loosing.
Experience will really help you because if you know how the market move then for sure you will never panic, when you panic that could be the end of your journey as that means you do not trust your decision to invest on bitcoin. Knowing that bitcoin's price is volatile should already understand that anytime price swings can happen and instead of feeling the pressure, let's relax and wait for the pump.Emotions change when you won and when you loose depend upon the wining and loosing.
In my experience most of the time I panie c myself and end with loose. after 3years of trading experience now I just relax for a while and deside what to do then make decision what next move to be.
Emotions change when you won and when you loose depend upon the wining and loosing.
Experience will really help you because if you know how the market move then for sure you will never panic, when you panic that could be the end of your journey as that means you do not trust your decision to invest on bitcoin. Knowing that bitcoin's price is volatile should already understand that anytime price swings can happen and instead of feeling the pressure, let's relax and wait for the pump. Emotions change when you won and when you loose depend upon the wining and loosing.
In my experience most of the time I panie c myself and end with loose. after 3years of trading experience now I just relax for a while and deside what to do then make decision what next move to be.
Emotions change when you won and when you loose depend upon the wining and loosing.
Emotions change when you won and when you loose depend upon the wining and loosing.
Increased Bitcoin prices make some altcoin prices fall. Many people are stuck and suffer losses in investing altcoin.
For now, I am also experiencing a fairly fatal loss when the price of ETH decreases.
In this situation I control my emotions with some suggestions on myself:
1. All profits and losses are the wills of Allah.
2. Any price drop there would have been a rise in price.
So be patient and hopefully you will benefit from your struggle.
For now, I am also experiencing a fairly fatal loss when the price of ETH decreases.
In this situation I control my emotions with some suggestions on myself:
1. All profits and losses are the wills of Allah.
2. Any price drop there would have been a rise in price.
So be patient and hopefully you will benefit from your struggle.
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?
Its been hard to manage emotions if you know your holding coins dropping. You need to think more before you do an action don't panic so that you can avoid losing more money. Much better to hold it until goes up again the price.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 can tell that there are many people that can relate to this at this time of writing this reply. Why? Because most of the altcoins are going far down right now maybe and most likely due to the crazy rise of bitcoin price at press time.
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?
Its been hard to manage emotions if you know your holding coins dropping. You need to think more before you do an action don't panic so that you can avoid losing more money. Much better to hold it until goes up again the price. 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 like to write down my strategies in an excel sheet where I also track results. I try to stick to the plan, but I must say in times of major market movements this can be difficult. The feeling in the underbelly can be overwhelming, but after a few weeks sticking to the plan mostly pays out.
This is a great way of doing things! I take pretty similar notes and try to stick to the initial plan. Going along with a specific thought-through strategy definitely helps me to remain grounded
I like to write down my strategies in an excel sheet where I also track results. I try to stick to the plan, but I must say in times of major market movements this can be difficult. The feeling in the underbelly can be overwhelming, but after a few weeks sticking to the plan mostly pays out.
Indeed. And most of the time if you have a plan, youbdon't need to constantly check your trades. Just leaving a target buy and sell order would suffice and you just have to check it ocassionally. That way you won't even have to worry about thr emotions that would come up if the market fluctuates
I like to write down my strategies in an excel sheet where I also track results. I try to stick to the plan, but I must say in times of major market movements this can be difficult. The feeling in the underbelly can be overwhelming, but after a few weeks sticking to the plan mostly pays out.
Indeed. And most of the time if you have a plan, youbdon't need to constantly check your trades. Just leaving a target buy and sell order would suffice and you just have to check it ocassionally. That way you won't even have to worry about thr emotions that would come up if the market fluctuates
Orders like that I do when I want to vacation and have fun, when I'm active I always monitor the chart and share it in 3 shifts time, I did record it to excel but not too important because it is more effective if using bot trading. Many things to manage emotions and one of them is to use the bot so that we are not too dizzy when seeing the fluctuations that occur.
I like to write down my strategies in an excel sheet where I also track results. I try to stick to the plan, but I must say in times of major market movements this can be difficult. The feeling in the underbelly can be overwhelming, but after a few weeks sticking to the plan mostly pays out.
Indeed. And most of the time if you have a plan, youbdon't need to constantly check your trades. Just leaving a target buy and sell order would suffice and you just have to check it ocassionally. That way you won't even have to worry about thr emotions that would come up if the market fluctuates
I like to write down my strategies in an excel sheet where I also track results. I try to stick to the plan, but I must say in times of major market movements this can be difficult. The feeling in the underbelly can be overwhelming, but after a few weeks sticking to the plan mostly pays out.
everyone makes silly decisions but you have to remember to zoom out and get perspective for each trade.
If you have made a big loss then dont trade the rest of the day, go and take a walk or whatever
If you have made a big loss then dont trade the rest of the day, go and take a walk or whatever
Rest your mind, keep your eyes away from monitor. Grab a piece paper and write down any mistakes or wrong decisions we make during trading. That way, we can know weaknesses so we can become better trader from yesterday.
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