How do you manage ur emotions? - page 34.

matchi2011

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Quote from: Ziskinberg on July 11, 2017, 04:01:31 AM

Quote from: Tuyok on July 10, 2017, 10:11:52 PM

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?

Sometimes when things get really confusing. I just go back to the real world and said, I will do better next time.

Emotions are not the basis of success but our main purpose is to be successful so we should control that otherwise all the things that we have been working hard will become useless. Every successful trader has experience failure when starting up but by correcting the mistakes it will help us to be more matured and we will have the success in controlling our emotions as well, no way I will stop trading, for me this is my road to financial success.

Me too. I've now considered trading as one of my primary sources of earning and it seems i have a good way of handling my emotions when it comes to it. The key really is having patience to wait and avoid making rushed decisions due to excitement or anxiety because that's when you're going to lose money. I try to be relaxed as much as possible when doing trades and it worked pretty well so far

Ziskinberg

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Quote from: Tuyok on July 10, 2017, 10:11:52 PM

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?

Sometimes when things get really confusing. I just go back to the real world and said, I will do better next time.

Emotions are not the basis of success but our main purpose is to be successful so we should control that otherwise all the things that we have been working hard will become useless. Every successful trader has experience failure when starting up but by correcting the mistakes it will help us to be more matured and we will have the success in controlling our emotions as well, no way I will stop trading, for me this is my road to financial success.

Tuyok

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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?

Sometimes when things get really confusing. I just go back to the real world and said, I will do better next time.

8Habits

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Quote from: coolstory on July 10, 2017, 08:01:56 PM

Quote from: gabbie2010 on July 10, 2017, 04:29:26 PM

A good trader will trade with the amount of money he can afford to loss which will surely take care of emotion.
As a human being their is fear of losing a trade and psychologically a trader will be disturb after a losing a trade the trader will like to revenge a loss trade by incurring more losses. A good trader must be disciplined and remain focused to execute successful trade without emotion.

Yes as human being we're prone to getting excited in stressful times. In trading, we undergo serious stress and this changes our emotions dramatically. The ones who can control these emotions become a good trader, the rest is having problems.

I myself is guilty of easily stressed out when I do trading. That is why I just do some small trades and do open sell position right away from my purchase (having a pre-calculated plan already). I will then log out and re-login 3 hours after and if I see no progress yet, I log out again and come back a few hours after. I don't want to watch the chart all day long because I get stressed doing it. Good thing I have a big project going on that is why I seldom see charts these days.

coolstory

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Quote from: gabbie2010 on July 10, 2017, 04:29:26 PM

A good trader will trade with the amount of money he can afford to loss which will surely take care of emotion.
As a human being their is fear of losing a trade and psychologically a trader will be disturb after a losing a trade the trader will like to revenge a loss trade by incurring more losses. A good trader must be disciplined and remain focused to execute successful trade without emotion.

Yes as human being we're prone to getting excited in stressful times. In trading, we undergo serious stress and this changes our emotions dramatically. The ones who can control these emotions become a good trader, the rest is having problems.

8Habits

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Quote from: Adbitco on July 10, 2017, 04:44:51 PM

Quote from: gabbie2010 on July 10, 2017, 04:29:26 PM

A good trader will trade with the amount of money he can afford to loss which will surely take care of emotion.
As a human being their is fear of losing a trade and psychologically a trader will be disturb after a losing a trade the trader will like to revenge a loss trade by incurring more losses. A good trader must be disciplined and remain focused to execute successful trade without emotion.

True.. Plus everyone has different levels of patience and hence have different abilities and capabilities of controlling their emotions. If we look at the current situation of the market, lots of the people will indulge in panic selling but there are still some who stay calm and don't get emotional and keep holding what they have been upto now. So the best thing is not to let emotions overcome you in any situation whether it's bad or good one.

It is not that easy to control our emotions. I am until now guilty of it but I keep on not seeing the chart price of bitcoin and just think of any thing and keep myself busy - in order for me not to get stress and just hold my bitcoin. I will hold for years to come.

Adbitco

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Quote from: gabbie2010 on July 10, 2017, 04:29:26 PM

A good trader will trade with the amount of money he can afford to loss which will surely take care of emotion.
As a human being their is fear of losing a trade and psychologically a trader will be disturb after a losing a trade the trader will like to revenge a loss trade by incurring more losses. A good trader must be disciplined and remain focused to execute successful trade without emotion.

True.. Plus everyone has different levels of patience and hence have different abilities and capabilities of controlling their emotions. If we look at the current situation of the market, lots of the people will indulge in panic selling but there are still some who stay calm and don't get emotional and keep holding what they have been upto now. So the best thing is not to let emotions overcome you in any situation whether it's bad or good one.

gabbie2010

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A good trader will trade with the amount of money he can afford to loss which will surely take care of emotion.
As a human being their is fear of losing a trade and psychologically a trader will be disturb after a losing a trade the trader will like to revenge a loss trade by incurring more losses. A good trader must be disciplined and remain focused to execute successful trade without emotion.

8Habits

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Quote from: Kava on July 09, 2017, 02:37:48 PM

Quote from: 8Habits on July 09, 2017, 10:55:17 AM

Quote from: dunfida on July 09, 2017, 10:00:30 AM

Quote from: cipherer on July 09, 2017, 09:34:13 AM

Quote from: Bunsomjelican on July 06, 2017, 04:28:51 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?

In that case, we should remain and stay foot to our original plan. We must not be panic if ever it drops the price
so well, stay relax and ease until it will recover the original value or more.

agree, i think a hold-strategy and buy small amounts if rates temporary decreases is most profitable on the long term.

That's the way of scalping which is really good when you do know on what you are doing. Buying gradually in terms of dips might work or not for sometime because risk is always there we wont really know if it would pump or dump. Emotions is always been part of us when we do make tradings and we cant really avoid it since we are talking about our money here and we don't want it to lose.

You are right mate. Trading is really sometimes affected our being. We really tend to be so emotional especially when we are trading big amount of money and the trend is going down. Mastering the art of controlling emotions and stick to the trading plan is the way to go to safeguard us from making lots of mistakes which lead us to sell too early even in a loss.

It is not always possible to follow the trading plan. I always watch what happens in the trade and adjust to the situation. Sometimes emotions defeat the mind.

Right. If you are just a beginner, I suggest to follow the trading plan and as you learn over time, you will be able to determine how the trend goes and adjust - this is quite advanced skills already.

Kava

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Quote from: 8Habits on July 09, 2017, 10:55:17 AM

Quote from: dunfida on July 09, 2017, 10:00:30 AM

Quote from: cipherer on July 09, 2017, 09:34:13 AM

Quote from: Bunsomjelican on July 06, 2017, 04:28:51 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?

In that case, we should remain and stay foot to our original plan. We must not be panic if ever it drops the price
so well, stay relax and ease until it will recover the original value or more.

agree, i think a hold-strategy and buy small amounts if rates temporary decreases is most profitable on the long term.

That's the way of scalping which is really good when you do know on what you are doing. Buying gradually in terms of dips might work or not for sometime because risk is always there we wont really know if it would pump or dump. Emotions is always been part of us when we do make tradings and we cant really avoid it since we are talking about our money here and we don't want it to lose.

You are right mate. Trading is really sometimes affected our being. We really tend to be so emotional especially when we are trading big amount of money and the trend is going down. Mastering the art of controlling emotions and stick to the trading plan is the way to go to safeguard us from making lots of mistakes which lead us to sell too early even in a loss.

It is not always possible to follow the trading plan. I always watch what happens in the trade and adjust to the situation. Sometimes emotions defeat the mind.

8Habits

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Activity: 756

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Quote from: dunfida on July 09, 2017, 10:00:30 AM

Quote from: cipherer on July 09, 2017, 09:34:13 AM

Quote from: Bunsomjelican on July 06, 2017, 04:28:51 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?

In that case, we should remain and stay foot to our original plan. We must not be panic if ever it drops the price
so well, stay relax and ease until it will recover the original value or more.

agree, i think a hold-strategy and buy small amounts if rates temporary decreases is most profitable on the long term.

That's the way of scalping which is really good when you do know on what you are doing. Buying gradually in terms of dips might work or not for sometime because risk is always there we wont really know if it would pump or dump. Emotions is always been part of us when we do make tradings and we cant really avoid it since we are talking about our money here and we don't want it to lose.

You are right mate. Trading is really sometimes affected our being. We really tend to be so emotional especially when we are trading big amount of money and the trend is going down. Mastering the art of controlling emotions and stick to the trading plan is the way to go to safeguard us from making lots of mistakes which lead us to sell too early even in a loss.

dunfida

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Quote from: cipherer on July 09, 2017, 09:34:13 AM

Quote from: Bunsomjelican on July 06, 2017, 04:28:51 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?

In that case, we should remain and stay foot to our original plan. We must not be panic if ever it drops the price
so well, stay relax and ease until it will recover the original value or more.

agree, i think a hold-strategy and buy small amounts if rates temporary decreases is most profitable on the long term.

That's the way of scalping which is really good when you do know on what you are doing. Buying gradually in terms of dips might work or not for sometime because risk is always there we wont really know if it would pump or dump. Emotions is always been part of us when we do make tradings and we cant really avoid it since we are talking about our money here and we don't want it to lose.

cipherer

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Activity: 73

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Quote from: Bunsomjelican on July 06, 2017, 04:28:51 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?

In that case, we should remain and stay foot to our original plan. We must not be panic if ever it drops the price
so well, stay relax and ease until it will recover the original value or more.

agree, i think a hold-strategy and buy small amounts if rates temporary decreases is most profitable on the long term.

DaMut

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Activity: 1274

Merit: 263

Quote from: Bunsomjelican on July 06, 2017, 04:28:51 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?

In that case, we should remain and stay foot to our original plan. We must not be panic if ever it drops the price
so well, stay relax and ease until it will recover the original value or more.

Cannot be like that,if the prices drop we should do some reasearch about a coin that we invested.lets make a hypotesis for every event occured,for example back then dao prices dropped significantly because of their smart contract hacked.
If we keep standstill in our foot and didnt cut the lose what will happen ? Of course we will lose all our money in there.

So if the prices down,at least we must do some research so we can make a choice in the future.
And try to avoid any troller or shiller

Bunsomjelican

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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?

In that case, we should remain and stay foot to our original plan. We must not be panic if ever it drops the price
so well, stay relax and ease until it will recover the original value or more.

ladydark

hero member

Activity: 686

Merit: 500

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?

To avoid getting panic,we should avoid following the market blindly.We should do our own research and we should have clear idea about the coins which we have invested.We should be able to find the most under valued coin and invest in it.If we have clear idea about our invested coin that it would increase sure,then we need not have to get worried when its price falls.

Finestream

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Quote from: Shahin320 on July 06, 2017, 01:08:36 AM

when I starting trading then I can't control my emotion and that's the result I become a failure.
but day by day improve myself, now I am knowing when buy and when sell.
it can be possible when analysis about coinmarket also your experience is a big factor.

I think we can improve our knowledge in the long run since information can easily be acquired online, the only thing that we need to improve is to learn how to control ourselves or else we will not progress and we will lose our money. This is also a form of gambling although we have a good chance of success compared to actual gambling but being weak emotionally will lead to failure and we do not want to make that happen to us, right?

Shahin320

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when I starting trading then I can't control my emotion and that's the result I become a failure.
but day by day improve myself, now I am knowing when buy and when sell.
it can be possible when analysis about coinmarket also your experience is a big factor.

Ctn

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Activity: 644

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The devil of trading and investing world called as emotions. I usually keep myself limited in the investment and keep the important fund out of my reach. I use only the sum of money for the day trade that I am not going to need. This way, though I loose money I don’t bother investing more than that as I am out funds already.

EthBooks

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The best traders forget about a loss the minute they take it and move on. They are confident in their system and their ability to execute it. It is not about the money for these people. It is about finding a system that will bring them more profits than losses.

The best traders know how to take losses and not become depressed, angry, jealous, disgusted or defeated. They know how to take gains without gloating, boasting, or becoming euphoric. They see only the trade they are about to enter---not the trade that just ended or the one that might be coming in the future. All past trades are out of sight and out of mind. All future trades are an illusion.

Topic: How do you manage ur emotions? - page 34. (Read 55924 times)