How do you manage ur emotions? - page 37.

Zenithar

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Quote from: whizter on June 29, 2017, 06:23:59 PM

Quote from: Hhampuz on June 29, 2017, 04:47:38 AM

Quote from: Mikellev on June 28, 2017, 02:25:57 AM

Truly speaking is very difficult to control and restrain my emotions and probably most of the times I can not. Maybe I have to be trained to be cool in some way and perhaps the the best option is to set goals in profit and loss and follow them every time

There is no way you can train yourself to completely control your emotions. We are humans driven by instinct and intuition. Unless you want to be emotionally dead you'll have to experience emotions from time to time. Nothing wrong with that.

As for setting up goald and stop-losses that's a good thing, does not mean you have to stop feeling happiness or sadness though.

yes i think no one can control his emotions 100% , although if you try your best you will somehow control your emotions but cannot overcome them at all. to me i do not have control over my emotions and specially when i play gambling, there i really find it very hard to control it and may be the main reason that i am not succeeded in big roll is that i cannot control my emotions.

yes that can be right, but I think those people wo have good experience in trading it is more easy for them to control their emotions, as they know about the market very well and they also know the best time to trade therefore they control their emotions to wait for the suitable time to invest their money or to trade a coin and they do not hurry for that, but study the market in detail.

whizter

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Quote from: Hhampuz on June 29, 2017, 04:47:38 AM

Quote from: Mikellev on June 28, 2017, 02:25:57 AM

Truly speaking is very difficult to control and restrain my emotions and probably most of the times I can not. Maybe I have to be trained to be cool in some way and perhaps the the best option is to set goals in profit and loss and follow them every time

There is no way you can train yourself to completely control your emotions. We are humans driven by instinct and intuition. Unless you want to be emotionally dead you'll have to experience emotions from time to time. Nothing wrong with that.

As for setting up goald and stop-losses that's a good thing, does not mean you have to stop feeling happiness or sadness though.

yes i think no one can control his emotions 100% , although if you try your best you will somehow control your emotions but cannot overcome them at all. to me i do not have control over my emotions and specially when i play gambling, there i really find it very hard to control it and may be the main reason that i am not succeeded in big roll is that i cannot control my emotions.

Gameroid

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Quote from: yoonah on June 29, 2017, 02:23:47 PM

I manage my emotions by not looking at my portfolio every time the market is on blood bath. Instead of thinking about losing I divert my attention by reading news or trading books.

you are luck that you can divert you attention from bitcoin. to me i think even such tracks cannot change my attentions from bitcoin. i even study the even about bitcoin and some time it make more more emotional that i take a wrong decision which cause me alt, i think i need some other guidance through which i can do control my emotions.

yoonah

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I manage my emotions by not looking at my portfolio every time the market is on blood bath. Instead of thinking about losing I divert my attention by reading news or trading books.

Novun

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I developed an amazing way to control my emotions. It's called Alcohol. Whenever the price is in red I get a drunk and if it is green I just watch the profits. Let me tell you this always works. The one thing you have to be afraid is not to make any changes in your portfolio while drunk. It is a very simple strategy.

Hhampuz

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Quote from: Mikellev on June 28, 2017, 02:25:57 AM

Truly speaking is very difficult to control and restrain my emotions and probably most of the times I can not. Maybe I have to be trained to be cool in some way and perhaps the the best option is to set goals in profit and loss and follow them every time

There is no way you can train yourself to completely control your emotions. We are humans driven by instinct and intuition. Unless you want to be emotionally dead you'll have to experience emotions from time to time. Nothing wrong with that.

As for setting up goald and stop-losses that's a good thing, does not mean you have to stop feeling happiness or sadness though.

matchi2011

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Quote from: Mikellev on June 28, 2017, 02:25:57 AM

Truly speaking is very difficult to control and restrain my emotions and probably most of the times I can not. Maybe I have to be trained to be cool in some way and perhaps the the best option is to set goals in profit and loss and follow them every time

Expectations would have to be set first in order for you to have more control. If you're expecting to get a huge profit without the possibility of a loss, then you're well primed for a disappointing outcome and most likely would lose focus on your strategy. Don't expect too much but have a plan to meet your target and always tell yourself that there is a possibility to lose and be prepared to accept it.

Mikellev

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Truly speaking is very difficult to control and restrain my emotions and probably most of the times I can not. Maybe I have to be trained to be cool in some way and perhaps the the best option is to set goals in profit and loss and follow them every time

gabbie2010

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As a trained forex and cryptocurrecies trader I have learnt not to trade with emotion, backed up with a good trading strategy and and a good money management I can only trade with the amount of money I can afford to lose, I only trade with 2% of my capital reducing any fear of emotion.

hurain

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Quote from: cramcram21 on June 27, 2017, 10:41:47 AM

Well for me I can't really manage my emotions in a good way,
So that's the reason why I am only earning a little profit through trading.

most of the people have the same problem. but i think if you make a strategy and planing for your trading then it s possible to do trading in a good way. and through this way you can really control your emotions.

cramcram21

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Well for me I can't really manage my emotions in a good way,
So that's the reason why I am only earning a little profit through trading.

rickadone

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Quote from: naidray on June 23, 2017, 03:56:45 PM

Quote from: Savemore on June 23, 2017, 09:10:30 AM

Losing is a part of being a trader. If you lose do not panic and do not curse your self it is normal if you lose in trading often. I managed my emotions by thinking positive always.

If you are able to keep your coolness even you will be seeing your capital is getting lost then most probably you are capable of managing your emotion while trading. I believe it will not be that easier like how it will be sounding, but a trader must get practice to do that so that he can focus into trading to overcome/recover losses.

I think it is something natural. Some time it becomes difficult to have control it and some time it can be control but you need to be mature, because most of the time we see that the young generations are more emotional as compare to the edged people.
The young generation does not think about a matter and always take their decision with their emotions. While the experienced people always think about a matter and after studying take their decision using their mind.

ladydark

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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?

For that,you have to have a sound knowledge about the market conditions.Only if you have that,you would be able to avoid FOMO in some situations and would not follow blindly what others do.By doing this,you could avoid getting panic and you could remain Mr.cool.

Supercrypt

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Quote from: Viyamore on June 23, 2017, 11:18:49 PM

Quote from: The_prodigy on June 23, 2017, 04:42:47 PM

Quote from: Savemore on June 23, 2017, 09:10:30 AM

Losing is a part of being a trader. If you lose do not panic and do not curse your self it is normal if you lose in trading often. I managed my emotions by thinking positive always.

Having a bad vibes or bad emotion is still natural, the thing that we need to do is how we manage it, as for me theres a big impact of emotion to me. It can affect me very much, when i am not into good mood, i stop doing the thing that i want to do it leads to a wrong thing. I dont want to be in a bad mood so as long as i could, i think positvely.

That a good way to handle your emotion .Emotion have a lot of disadvantage when your are in trading or gambling it affects ypur whole decision and that will only makes you more greed in money .I do when i feel those bad emotion is to leave trade for a while then come back when my mind and body was relax.

Not only in trading and investment but emotional control is too much important in every fiend of life. If you want to become successful In your life you need to have good control over your emotions, but some time it become natural and we find it very hard to do control our emotion.

Although mostly I can control my emotions in most cases like in my business matter but some time it become difficult to have control over my emotion specially about my family and friends.

Taskford

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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?

When you feel like losing, take a break, just inhale and exhale. Clear your mind from everything. Pick up your thoughts. Drink a glasss of water and ask yourself how far will you go. Is it enough or not.

I think these are the ways in controlling your emotions. We all want to get at least some profit but the most important thing is never get panic. Calm yourself.

ocid

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The biggest disadvantage that often happens is the way we do sales with panic that kind of thing that we should be able to control and control our emotions so that we do not feel the loss is more continue for the future.

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Quote from: joshy23 on June 26, 2017, 09:33:48 AM

Quote from: KennyR on June 26, 2017, 09:28:17 AM

Quote from: 8Habits on June 26, 2017, 05:45:46 AM

Quote from: niisarearning on June 25, 2017, 01:47:47 AM

i voted for occasionally end up with low outcome being a regular trader for equity and commodity also crypto currency lots of time I break the plan initially made finally end up to loss or low profit.

I also a guilty of breaking my trading plan and my trick to overcome this is that after I made a trade, I actually sell right away according to the price I planned to sell and then log out. I will just log in after a couple of hours and when the price is not hit yet, I then do another trade and just rinse and repeat - no emotions involved.

It happens. I believe price fluctuations with bitcoin is common and we need to make perfect strategies to make use of it. Emotions need to be overcome, only then we can make good Profiting from the cryptocurrencies. In my view patience is much important, because the more we hold more will be the profit.

If you have just started on crypto trading, its really hard to control your emotions in the beginning. Specially if you are seeing that you are losing your investment. That's why during price crash, newbies are the most affected by it because they panic and just sell everything loosing money. But if you are matured enough you will not panic and will have the patience to control yourself to sell your stash of coins.

in very beginning when you are very new, in fact to experience in trading or investment you need to spend time there, you should invest a small amount in very beginning but when you become expert and get good experience then you can use big amount of money for trading , then you lear how to control your emotions when you play gambling that that is only possible with experience when you get good experiecen.

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Quote from: johnwest on June 26, 2017, 09:56:39 AM

In my early days, I used to panic when the prices dropped suddenly on a day. Slowly I learned that it is a common thing of pumping and dumping. Then tried to do trading in altcoins and lost some but then came back to BTC and earned well. Emotions have to be controlled while trading otherwise you will lose.

Yeah same as when you're gambling. Seeing the price drop especially if its below your entry point can really rattle a newbie trader and the worst thing you can do is to sell your coins lower than the amount you bought it. Panic is mostly caused by inexperience and that's how you lose a trade. You have to have nerves of steel and blot out your emotions in these kinds of dumping situations

johnwest

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In my early days, I used to panic when the prices dropped suddenly on a day. Slowly I learned that it is a common thing of pumping and dumping. Then tried to do trading in altcoins and lost some but then came back to BTC and earned well. Emotions have to be controlled while trading otherwise you will lose.

joshy23

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Quote from: KennyR on June 26, 2017, 09:28:17 AM

Quote from: 8Habits on June 26, 2017, 05:45:46 AM

Quote from: niisarearning on June 25, 2017, 01:47:47 AM

i voted for occasionally end up with low outcome being a regular trader for equity and commodity also crypto currency lots of time I break the plan initially made finally end up to loss or low profit.

I also a guilty of breaking my trading plan and my trick to overcome this is that after I made a trade, I actually sell right away according to the price I planned to sell and then log out. I will just log in after a couple of hours and when the price is not hit yet, I then do another trade and just rinse and repeat - no emotions involved.

It happens. I believe price fluctuations with bitcoin is common and we need to make perfect strategies to make use of it. Emotions need to be overcome, only then we can make good Profiting from the cryptocurrencies. In my view patience is much important, because the more we hold more will be the profit.

If you have just started on crypto trading, its really hard to control your emotions in the beginning. Specially if you are seeing that you are losing your investment. That's why during price crash, newbies are the most affected by it because they panic and just sell everything loosing money. But if you are matured enough you will not panic and will have the patience to control yourself to sell your stash of coins.

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