Topic: How do you manage ur emotions? - page 47. (Read 55934 times)
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.
I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
I agree with you . Because panic is our trigger for not being able to think healthy. Because with calm we can all make the right decision. Decisions that can make us get a lot of profit from trading results. While panic will only create chaos in making decisions.Imagine when you keep holding while you have bought on high price but it is keep dropping.
You need to take a proper action , manage your emotion doesn't mean you need to hold longer.
I think emotional management just comes with experience in the market. You wont have the same reactions to losses and profits and you will react to situations in a more rational way. A lot of traders only develop good emotional management after several years of experience on the market.
When we talk about our emotions on how to manage it,many people fall unto this one, whether in business, schooling, spiritual, and mentality. but if we know only the basic rules of it,it will surely we can manage our emotion properly and we will stand firm on what we originate the plan.
Now we are calm and therefore we speak about the need to be able to control emotions. We talk about this and discuss it. But, when a critical situation sets in, it is unlikely that any of us will remember this topic and the advice that is here
When critical situation occurs, many traders or even professionals will have the same emotions, the true difference of emotional control can only be gained from experience of loss and accumulated into an ever-expanding analysis. Management can be learned but it is useless if it has no negative experience.
Could not agree with you more mate. Almost all of the traders and gamblers know that they should control their emotions (at least what they have heard and read), but when they are on the scenario already, they can't control it but when they commit mistake out of it and learn from it, then that is the time they emerge a professional trader or gambler.
When we talk about our emotions on how to manage it,many people fall unto this one, whether in business, schooling, spiritual, and mentality. but if we know only the basic rules of it,it will surely we can manage our emotion properly and we will stand firm on what we originate the plan.
Now we are calm and therefore we speak about the need to be able to control emotions. We talk about this and discuss it. But, when a critical situation sets in, it is unlikely that any of us will remember this topic and the advice that is here
When critical situation occurs, many traders or even professionals will have the same emotions, the true difference of emotional control can only be gained from experience of loss and accumulated into an ever-expanding analysis. Management can be learned but it is useless if it has no negative experience.
When we talk about our emotions on how to manage it,many people fall unto this one, whether in business, schooling, spiritual, and mentality. but if we know only the basic rules of it,it will surely we can manage our emotion properly and we will stand firm on what we originate the plan.
Now we are calm and therefore we speak about the need to be able to control emotions. We talk about this and discuss it. But, when a critical situation sets in, it is unlikely that any of us will remember this topic and the advice that is here
When we talk about our emotions on how to manage it,many people fall unto this one, whether in business, schooling, spiritual, and mentality. but if we know only the basic rules of it,it will surely we can manage our emotion properly and we will stand firm on what we originate the plan.
I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
I agree with you . Because panic is our trigger for not being able to think healthy. Because with calm we can all make the right decision. Decisions that can make us get a lot of profit from trading results. While panic will only create chaos in making decisions.its essential that you have patience and composure when you deal with trading. there are people who can manipulate the movement of the altcoins you deal with and its important that you don't let sudden pumps and dumps affect your decision. just have a well thought of plan, observe and stick to it.
Looking for the answer to your question. I'm also in the same situation and I mostly forget to stop trading when I'm loosing. But now a days trying to trading itself to stop my heavy loss. Hoping to find a way to do it smoothly.
That's one of the things that you can't afford to do when you trade. I've accepted the fact long ago that with trading, losing is something that can't be avoided and treat it as something to learn from. Relax and keep focus. That's how you keep your emotions in check and that's how you avoid making wrong decisions that can make things a lot worse
It probably comes along with experience. I'm not an experienced trader and it's very difficult for me to control my emotions. I often make the wrong decisions that aggravate the situation. Sometimes I think that trade is not for me
just keep thinking about the effect what you will get when you follow your bad emotion, it is helpful.
I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
I agree with you . Because panic is our trigger for not being able to think healthy. Because with calm we can all make the right decision. Decisions that can make us get a lot of profit from trading results. While panic will only create chaos in making decisions.I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
I agree with you . Because panic is our trigger for not being able to think healthy. Because with calm we can all make the right decision. Decisions that can make us get a lot of profit from trading results. While panic will only create chaos in making decisions.Looking for the answer to your question. I'm also in the same situation and I mostly forget to stop trading when I'm loosing. But now a days trying to trading itself to stop my heavy loss. Hoping to find a way to do it smoothly.
That's one of the things that you can't afford to do when you trade. I've accepted the fact long ago that with trading, losing is something that can't be avoided and treat it as something to learn from. Relax and keep focus. That's how you keep your emotions in check and that's how you avoid making wrong decisions that can make things a lot worse
It probably comes along with experience. I'm not an experienced trader and it's very difficult for me to control my emotions. I often make the wrong decisions that aggravate the situation. Sometimes I think that trade is not for me
I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
I agree with you . Because panic is our trigger for not being able to think healthy. Because with calm we can all make the right decision. Decisions that can make us get a lot of profit from trading results. While panic will only create chaos in making decisions. 
I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
Well i never invest in a coin for a short term. Even if my invested coin goes down, i remain calm because i have made up my mind to be a long term investment and will only sell in profits. Small pumps and dumps does not mean much to me. But for those who have invested in trading for a day or two and they cant afford loss, really get panic and might take wrong decision in trade.
I, too, do not invest in a short time. But when the price goes up and reaches a very high level, I start to worry and I want to sell coins) But for now, I can control my emotions and think sensibly. But I'm not sure that I'll hold out when I see 2500+
To sell for profit is something to be thankful but we all want for more, so just be patient and wait for the right time to sell
based on your projection or target.
I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
Well i never invest in a coin for a short term. Even if my invested coin goes down, i remain calm because i have made up my mind to be a long term investment and will only sell in profits. Small pumps and dumps does not mean much to me. But for those who have invested in trading for a day or two and they cant afford loss, really get panic and might take wrong decision in trade.
I, too, do not invest in a short time. But when the price goes up and reaches a very high level, I start to worry and I want to sell coins) But for now, I can control my emotions and think sensibly. But I'm not sure that I'll hold out when I see 2500+
I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
Well i never invest in a coin for a short term. Even if my invested coin goes down, i remain calm because i have made up my mind to be a long term investment and will only sell in profits. Small pumps and dumps does not mean much to me. But for those who have invested in trading for a day or two and they cant afford loss, really get panic and might take wrong decision in trade.
Most people who panick or trade with emotion has no sound strategy for trading forex. Many of them are despirate to hit it big, they used high lots and they are afraid of loosing. I was in the same situation before until I develop a strategy that work for me. And now I trade with confidence because i know when to go into the market and when to come out of the market , when to use high lots size and when to use small lots size. So you need to develop a sound strategy that work for you and not to copy another person's strategy which may not work for you.
Sometimes those mistakes are the best teachers for us because it makes us a good trader and a better trader because if we didn't experience like those things then we will not improve and we will not be a good trader because the professional traders or good traders are came from mistakes that makes them professional because they embrace their mistakes and improve their selves.It's not just something we can probably make it a lesson. But all errors will definitely be a learning or teacher best or most profitable experience for us. Because without an error it is possible that we are far worse off than those who got the error, because of the error we can better and more professional than those who have never get an error. Although they were much better than us, but one must have had the same thing with us
Looking for the answer to your question. I'm also in the same situation and I mostly forget to stop trading when I'm loosing. But now a days trying to trading itself to stop my heavy loss. Hoping to find a way to do it smoothly.
That's one of the things that you can't afford to do when you trade. I've accepted the fact long ago that with trading, losing is something that can't be avoided and treat it as something to learn from. Relax and keep focus. That's how you keep your emotions in check and that's how you avoid making wrong decisions that can make things a lot worse
It probably comes along with experience. I'm not an experienced trader and it's very difficult for me to control my emotions. I often make the wrong decisions that aggravate the situation. Sometimes I think that trade is not for me
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?
Everytime there is a lost, I tend to wait for its recovery as I trust the coin I'm holding. In terms of emotion, I always think up more possiblities and potential on the cureency thay I'm holding. I'm also cosulting my friends and colleagues for better decisons. 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?
Looking for the answer to your question. I'm also in the same situation and I mostly forget to stop trading when I'm loosing. But now a days trying to trading itself to stop my heavy loss. Hoping to find a way to do it smoothly.
That's one of the things that you can't afford to do when you trade. I've accepted the fact long ago that with trading, losing is something that can't be avoided and treat it as something to learn from. Relax and keep focus. That's how you keep your emotions in check and that's how you avoid making wrong decisions that can make things a lot worse
It probably comes along with experience. I'm not an experienced trader and it's very difficult for me to control my emotions. I often make the wrong decisions that aggravate the situation. Sometimes I think that trade is not for me
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