Managing emotions comes with practice. All of us like to think that we have complete control over our emotions but the truth is that most people are impulsive and driven by instincts which they later rationalize in some way and that gives them the illusion that they have tought things out.
You have to practice by being mindful. Having a good understanding of how our emotions work and impact our decisions.
Decisions cant be made wothout emotions on the other hand, pure logic is not enough.
Topic: How do you manage ur emotions? - page 46. (Read 55924 times)
By managing our emotions, this is the most things happened to those people who don't have enough knowledge about trading, gambling
and etc. So for us to control our emotions it needs self discipline and self control.
i think it is really such a difficult job to manage our emotions, i think most of the people cannot manage their emotions specially in gambling and that s the reason that most of the people lost money in gambling. those people who have good control over their emotions they can really make good profit. and etc. So for us to control our emotions it needs self discipline and self control.
I never stick away from my plans no matter what regardless if the coin I'm holding dumps, I will stil choose to hold it and sell it as I reached the TP I set.
How you are staying calm when you are watching your money is being lost. It is kind of dying situations for me. Either I need to move of my computer screen or I need to take some messy decisions to control myself. I had experiences of leaving of my positions and faced lost and quit my positions and faced loses too.Managing emotions in favor of profit making may not possible for all the traders. But if we get practice to it then we can be sure about earning a living just from trading.
Practically since I'm still new with altcoin trading, I tend to have a low outcome but I really don't play with my emotions because it'll bring negativity and might end up losing a lot with the money I put in trading.
That's the mind set if you are new in trading. If you want handle more of your emotion, only target small profit yet risky since you can do it many times in just a day unlike doing long term trading which os riskier as coin may not break the resistance.
Practically since I'm still new with altcoin trading, I tend to have a low outcome but I really don't play with my emotions because it'll bring negativity and might end up losing a lot with the money I put in trading.
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 a simple explanation, I never stick away from my plans no matter what regardless if the coin I'm holding dumps, I will stil choose to hold it and sell it as I reached the TP I set. 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?
By managing our emotions, this is the most things happened to those people who don't have enough knowledge about trading, gambling
and etc. So for us to control our emotions it needs self discipline and self control.
and etc. So for us to control our emotions it needs self discipline and self control.
To manage our emotions,we should not blindly follow the market.we should analyze market situations before taking any decision.We should not get panic and sell our coins and at the same time,we should not quickly buy some coins due to FOMO.We should remain cool and just observe market and trade in long terms instead of short terms.
Surely this is a good action in trading, to reduce the level of losses that sometimes arise due to emotional action and not selective in observing the market price movements. Thus, carelessly doing trade transactions that certainly has the consequences of loss
I've been gambling and trading more money than I'd like to think of since I was 14. I'm a very emotional guy so sometimes when taking losses I've cried. But for each loss I've been getting more and more numb. Nowadays I can usually shrug away a loss of thousands of $, but sometimes they hurt a bit more, depending on how my life is currently looking.
I'd say that if you emotional you should just consider the money as "numbers" on a screen. Keep telling yourself that and eventually you won't care too much.
If you have a good living standard it helps. Never do stupid decisions like putting all your eggs in one basket though, that can become catastrophic.
I'd say that if you emotional you should just consider the money as "numbers" on a screen. Keep telling yourself that and eventually you won't care too much.
If you have a good living standard it helps. Never do stupid decisions like putting all your eggs in one basket though, that can become catastrophic.
Don't be affected on what you see's when you lose then think positive that everything will be alright at the time comes if feel negative on your self maybe your emotion will affect your attitude and sometimes you will be more rude to others or when you are playing gambling once you started wthout emotion maybe you will become greedy.
Manage your decision by not always depending on your feeling ot emotion because it might lead you to confusion. Think wisely of the best way to use up your money. You can invest it to gain more. Think of the advantages of coming up into a trading or investing. You may use your instinct to decide quickly not just emotion.
To manage our emotions,we should not blindly follow the market.we should analyze market situations before taking any decision.We should not get panic and sell our coins and at the same time,we should not quickly buy some coins due to FOMO.We should remain cool and just observe market and trade in long terms instead of short terms.
Surely this is a good action in trading, to reduce the level of losses that sometimes arise due to emotional action and not selective in observing the market price movements. Thus, carelessly doing trade transactions that certainly has the consequences of loss
The best emotional management comes from having a clear cut strategy and knowing exactly what to do when you execute each trade. If your strategy is extremely detailed, emotional management will come naturally.
Sometimes that clear strategy could be altered as unexpectable thing happens that's why we shouldn't just make a clear strategy but we also needs alternative strategies so that we can handle a situation without tolerating our emotion controls us.
The best emotional management comes from having a clear cut strategy and knowing exactly what to do when you execute each trade. If your strategy is extremely detailed, emotional management will come naturally.
Sometimes that clear strategy could be altered as unexpectable thing happens that's why we shouldn't just make a clear strategy but we also needs alternative strategies so that we can handle a situation without tolerating our emotion controls us. In theory, everything sounds right. But will it all be observed in practice? I can not.
As I am a trader myself, I must admit that in some cases it's quite difficult to follow my initital plan (based on analysis) at the time my feelings tell me to do the otherwise. Important is that you stick to your plan no matter what your feelings 'tell' you to do. This is where proper traders get seperated from those that aren't strong enough. Seriously, feelings/emotions are a horrible guide.And I often violate the prearranged plan and do emotional things. Sometimes they bring a good profit
As I said, feelings/emotions are a horrible guide. It's basically the same as gambling since luck is the only thing you then depend on. So yes, in some cases it might result in you making profits, but at the same time, it can result in you losing out. It's not worth the risk, and you don't learn anything... 
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'm not good in handling my emotion that's why I'm making everything sure. I set technical analysis and if doesn't achieved, I just hold it and read some news. I'm maling a plan so that I have a guide an basis for my every decsion. I don't tend to put myself in unpredictable situation so that I can be able to keep off my emotion control me.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 theory, everything sounds right. But will it all be observed in practice? I can not. And I often violate the prearranged plan and do emotional things. Sometimes they bring a good profit
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'm not good in handling my emotion that's why I'm making everything sure. I set technical analysis and if doesn't achieved, I just hold it and read some news. I'm maling a plan so that I have a guide an basis for my every decsion. I don't tend to put myself in unpredictable situation so that I can be able to keep off my emotion control me. 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 best emotional management comes from having a clear cut strategy and knowing exactly what to do when you execute each trade. If your strategy is extremely detailed, emotional management will come naturally.
When we will be following a strong technical analysis based strategy, there will be no chances for us to lose our emotions hence managing emotions while trading will be much easier along with profit making.We are all face the situation of needing emotion control when our trading strategy is not supporting us profit making. When a high fluctuating market deviate our targets, automatically all the traders get emotions broken which is leading to ad-hoc decision making. When our important decisions are taken under pressure, its accuracy will be low.
Well it's irritating that you've lost so much or you've sold early and the next day the price go bloom. What I'm doing in times like this is drink a cold water and ride the bicycle or walk down the street, think some and stretch some. It's really hard to bear loss, sometimes you won't be able to sleep at night but as the time passes by I'm back to myself and think throughly of what to do to compensate from what I've lost. It's not always a win so trade what you can afford to lose.
The best emotional management comes from having a clear cut strategy and knowing exactly what to do when you execute each trade. If your strategy is extremely detailed, emotional management will come naturally.
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