How do you manage ur emotions? - page 45.

batang_bitcoin

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Quote from: Ayiranorea on May 30, 2017, 01:10:28 AM

Controllingemotions while you're into trading process is quite simple. You need to make two plans before making a trade, so if this doesn't give the profit as calculated try to execute the alternate plan to reduce the losing percentage which is the best way than getting emotional control loss and losing big.

It's not that quite simple, there are people that are struggling in controlling their emotions because they really can't do something about it. What can I think about it is that you can have a bad day when you can't manage your emotion. The best thing to do is always have some drinks on your side, and just always take a cup when you think your emotion will startle.

wahb

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Quote from: Sanitough on May 30, 2017, 01:59:22 AM

Quote from: makolz26 on May 30, 2017, 01:40:10 AM

Quote from: Ayiranorea on May 30, 2017, 01:10:28 AM

Controllingemotions while you're into trading process is quite simple. You need to make two plans before making a trade, so if this doesn't give the profit as calculated try to execute the alternate plan to reduce the losing percentage which is the best way than getting emotional control loss and losing big.

It is a big plus in our life if we manage to control our feelings/emotions, if we really wanted to become successful in life especially in trading we need to set our mind that not anytime the cryptocurrency has a good price but sometimes we lose, but losing doesn't mean it is forever, it is just temporary so we need to control our patience.

If we are not good in managing our emotion we should learn that, it will help us to succeed in a serious and hard venture that we
are going to take. Trading is risky and your decision should be based on your analysis not your emotion.

although every one know about that fact, that our emotion play important role in our success, specially in trading and gambling, but still most of the trader and gambler do not have full control over their emotions, in fact when we find an opportunity of making money we become emotional which really cause a great lost to us.

Hhampuz

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Meh.

Quote from: Ayiranorea on May 30, 2017, 01:10:28 AM

Controllingemotions while you're into trading process is quite simple. You need to make two plans before making a trade, so if this doesn't give the profit as calculated try to execute the alternate plan to reduce the losing percentage which is the best way than getting emotional control loss and losing big.

It's not that simple. We are human and we have emotions. Whenever it comes to a big pile of money most of us get stressed out and worried, as it is our nature.

I agree with you that it is always good to follow a set of rules or a plan, but while it's amazing in theory it's not as easy in practice.

Ofc this also depends on your current living situations and how much you are trading with.

Sanitough

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Quote from: makolz26 on May 30, 2017, 01:40:10 AM

Quote from: Ayiranorea on May 30, 2017, 01:10:28 AM

Controllingemotions while you're into trading process is quite simple. You need to make two plans before making a trade, so if this doesn't give the profit as calculated try to execute the alternate plan to reduce the losing percentage which is the best way than getting emotional control loss and losing big.

It is a big plus in our life if we manage to control our feelings/emotions, if we really wanted to become successful in life especially in trading we need to set our mind that not anytime the cryptocurrency has a good price but sometimes we lose, but losing doesn't mean it is forever, it is just temporary so we need to control our patience.

If we are not good in managing our emotion we should learn that, it will help us to succeed in a serious and hard venture that we
are going to take. Trading is risky and your decision should be based on your analysis not your emotion.

makolz26

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Quote from: Ayiranorea on May 30, 2017, 01:10:28 AM

Controllingemotions while you're into trading process is quite simple. You need to make two plans before making a trade, so if this doesn't give the profit as calculated try to execute the alternate plan to reduce the losing percentage which is the best way than getting emotional control loss and losing big.

It is a big plus in our life if we manage to control our feelings/emotions, if we really wanted to become successful in life especially in trading we need to set our mind that not anytime the cryptocurrency has a good price but sometimes we lose, but losing doesn't mean it is forever, it is just temporary so we need to control our patience.

Ayiranorea

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Leading Crypto Sports Betting & Casino Platform

Controllingemotions while you're into trading process is quite simple. You need to make two plans before making a trade, so if this doesn't give the profit as calculated try to execute the alternate plan to reduce the losing percentage which is the best way than getting emotional control loss and losing big.

Finestream

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Quote from: wallstone on May 29, 2017, 08:57:10 PM

Quote from: agentx44 on May 29, 2017, 07:53:43 PM

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?

I don't. Going back to the original plan would be fialed since you wouldn't doubt if your plan is good. In my opinion, it's better to make alternative plan before trading so that, ebeing controlled by emotion would be eliminated.

Certainly that's true. As a trader, unexpectable stuffs may occured that's why we should aleays have back up so that we can take that risk.

You have to be strong enough with what you believe, never panic easily or else you will easily lose in the game. If you keep learning you will mature eventually, it's normal for a certain gambler to experience some failure but always seek to improve such weakness. Do not give up easily because you will lose your opportunity to have a good life in the future, so far IMO trading in cryptos is the best.

wallstone

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Quote from: agentx44 on May 29, 2017, 07:53:43 PM

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?

I don't. Going back to the original plan would be fialed since you wouldn't doubt if your plan is good. In my opinion, it's better to make alternative plan before trading so that, ebeing controlled by emotion would be eliminated.

Certainly that's true. As a trader, unexpectable stuffs may occured that's why we should aleays have back up so that we can take that risk.

8Habits

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Quote from: agentx44 on May 29, 2017, 07:53:43 PM

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?

I don't. Going back to the original plan would be fialed since you wouldn't doubt if your plan is good. In my opinion, it's better to make alternative plan before trading so that, ebeing controlled by emotion would be eliminated.

That is true. We should master the art and discipline of just following the plan and no emotions involve no matter what. Once we master this, we no longer blame ourselves but the system or strategy that we employ.

agentx44

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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?

I don't. Going back to the original plan would be fialed since you wouldn't doubt if your plan is good. In my opinion, it's better to make alternative plan before trading so that, ebeing controlled by emotion would be eliminated.

Ziskinberg

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Quote from: goldenchip on May 29, 2017, 04:37:13 PM

Simply try to stay focused on what you are doing. If your mind is occupied with what really matters, unnecessary emotions will eventually have a much lower effect on your mind.

This is a good advice, when you are trading you need to focus and continue to feed yourself with relevant information where you can use for your trading ventures. Life is not easy in trading as personally I feel it is stressful from the start but once you get things that should be done, you will be more objective than subjective.

goldenchip

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Simply try to stay focused on what you are doing. If your mind is occupied with what really matters, unnecessary emotions will eventually have a much lower effect on your mind.

mamaita

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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?

Usually before I trade I prepare first cup of hot coffee, I always do so I always feel calm in the trade, so it is not easy to panic in the face of his situation

Gumpfire

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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?

I don't. To overcome my emotion, I'm making another plan with focus since my old plan didn't work in the first place. If I don't do another plan, emotiom may coonttol me.

zeze18

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Quote from: Amadues on May 28, 2017, 08:32:15 PM

Whenever i stare to charts i see emotions. Market of emotions:greed and fear. Prices is rocking sellers close position with fear, buyers looking for next resistance level to take profit.Without emotions markets cant be so volatile,humans make price to move up and down.If you cant control your emotions the only thing you need to turn off pc and go away.Dont come back until you reset your feelings,start to trade with fresh mind. You need discipline to control your positions with good money management.If you fail to control your emotions you will lose your money management plan.Without proper money mangement rules emotions only can bring negativity.First learn to control yourself...

I agree with your opinion, indeed with an emotional attitude does not seem good in open trading, and often emotions cause careless attitude which will certainly affect focus of your mind in analyzing market prices. Maybe good emotional control and self-control and consistent in managing your finances can earn expected profit in trading

Ziskinberg

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Quote from: avacadoareg4u on May 28, 2017, 11:22:54 PM

Emotional management is a skill. you have to practice skills to become good at them trading is a skill as well. if you treat it as something that comes with experience, you will come to find that your emotional control grows with your trading experience.

You need to improve yours skills to manage your emotion otherwise do not pursue, our emotion is our biggest enemy if we cannot manage that we will not success in the long run. Anything can be learn, we are good mentally but emotionally weak, so it will still not progress until you solve the main problem.

avacadoareg4u

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Emotional management is a skill. you have to practice skills to become good at them trading is a skill as well. if you treat it as something that comes with experience, you will come to find that your emotional control grows with your trading experience.

Amadues

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Whenever i stare to charts i see emotions. Market of emotions:greed and fear. Prices is rocking sellers close position with fear, buyers looking for next resistance level to take profit.Without emotions markets cant be so volatile,humans make price to move up and down.If you cant control your emotions the only thing you need to turn off pc and go away.Dont come back until you reset your feelings,start to trade with fresh mind. You need discipline to control your positions with good money management.If you fail to control your emotions you will lose your money management plan.Without proper money mangement rules emotions only can bring negativity.First learn to control yourself...

Japinat

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Quote from: ethereumhunter on May 28, 2017, 06:18:24 PM

i think i can handle my emotions when i am doing trading but i admitted that in the first time i am doing trading, i have difficult to manage my emotions. i am doing many mistake in that times so i loss some amount of bitcoin but i think i can learn with good from my mistake so now i can manage my emotions with good.

We will learn as we trade longer, that is a good progress you are making, we all started from being newbie but we develop ourselves to a matured trader which I believe everyone should. The only way we can make money is when we have that big patient and never sell for a loss due to panic.

ethereumhunter

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i think i can handle my emotions when i am doing trading but i admitted that in the first time i am doing trading, i have difficult to manage my emotions. i am doing many mistake in that times so i loss some amount of bitcoin but i think i can learn with good from my mistake so now i can manage my emotions with good.

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