How do you manage ur emotions? - page 49.

Souldream

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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?

we need to manage our emotions because it can affects our earnings, we may feel angry or feel disappointed in . we need to patient in all our transactions for us to have a focus in all our jobs we may create a mistakes when we tried to earn while our emotion is not good.

Silberman

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Quote from: Monnt on May 11, 2017, 12:08:43 PM

Quote from: Stedsm on May 11, 2017, 09:39:52 AM

Trading emotionally would only make us lose more in long term, so I always believe in having Stops added to any of my positions that I put open so to avoid higher losses as well as get profits locked at my targets. Emotions play a negative role in either trading or gambling, so it is necessary to keep them aside while doing any.

Stop loss level may prevent not getting emotionally failing in some levels but when we are watching our capital is getting reduced over time, I believe anyone will get emotionally failed. But having stop loss levels must be a very good practice in order to have proper right precautions for not taking any abnormal decisions when we are being emotionally broken.

Managing our emotions while trading will be possible only through experience. Honestly I am still learning about it as most of the time I'm losing control over my emotions when I am facing losses.

This is why sometimes is better to take a break and take some time to clear your mind before we do anything dumb, sometimes the best thing we can do is to stop trading and accept a few losses instead of trading in an unstable manner that will cause us to lose even more money.

Sled

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Quote from: Stedsm on May 11, 2017, 09:39:52 AM

Trading emotionally would only make us lose more in long term, so I always believe in having Stops added to any of my positions that I put open so to avoid higher losses as well as get profits locked at my targets. Emotions play a negative role in either trading or gambling, so it is necessary to keep them aside while doing any.

Yes that is right, Emotions is one of the worst enemy of a trader or gambler because it can drive you crazy and it will make you be greedier than before and it will make you end up losing a lot of money in your trading or gambling performance so it is best to just do things very calm to avoid getting a loss and not ending up being regretful.

Monnt

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Quote from: Stedsm on May 11, 2017, 09:39:52 AM

Trading emotionally would only make us lose more in long term, so I always believe in having Stops added to any of my positions that I put open so to avoid higher losses as well as get profits locked at my targets. Emotions play a negative role in either trading or gambling, so it is necessary to keep them aside while doing any.

Stop loss level may prevent not getting emotionally failing in some levels but when we are watching our capital is getting reduced over time, I believe anyone will get emotionally failed. But having stop loss levels must be a very good practice in order to have proper right precautions for not taking any abnormal decisions when we are being emotionally broken.

Managing our emotions while trading will be possible only through experience. Honestly I am still learning about it as most of the time I'm losing control over my emotions when I am facing losses.

Stedsm

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Trading emotionally would only make us lose more in long term, so I always believe in having Stops added to any of my positions that I put open so to avoid higher losses as well as get profits locked at my targets. Emotions play a negative role in either trading or gambling, so it is necessary to keep them aside while doing any.

MFahad

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Eloncoin.org - Mars, here we come!

Trading is risky everyone know that than its mean everyone have a lose in trading.
Than it is not a shameful talk that we have a lose. Because in trading we are learn from our experience and our experience improve our skills and later on, we can save our lose and start to earn money.
In this time, i can say now i am starting to earn money from trading but perhaps sometime i have a lose.

8Habits

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Quote from: MadGamer on January 20, 2017, 02:53:48 AM

Panic selling is probably the worst thing a trader could ever do with BTC. That happens because people invest and buy more then what they can afford to lose because If they didn't buy more , they simply wouldn't care , have patience and wait whatever time It takes until It raises again.
People who bought more then what they can afford to lose are always in panic and the least drop in the price could make them panic sell and that could result into losses , however If they waited , It could've go up again.

Definitely true. It happens to me. before, I set a strategy of entry and exit but due to emotions, I exited very early and got losses. This was exactly the time where I was buying altcoins with big amount of bitcoins. However, when I bought 150,000 doge at 39 satoshi per dogecoin and just forget it there in months, I never felt nerve-wracking impulse of selling it. Thanks for that cool emotion, I able to sell it at 60 satoshi per doge

Aleister Crowley

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Quote from: virasog on May 09, 2017, 06:43:45 PM

Quote from: Farma on May 06, 2017, 10:49:32 PM

I just do the preparation before starting to increase the bitcoin. Well, with preparation, you can control the emotions that will happen, because you are ready to face the worst risks. Careful preparation allows you to control your emotions.

So you mean setting up yourself into something unexpected so that you will not be surprise if things happened unexpectedly. I guess this is a good strategy then, I tried this too, then when I lose something I will not feel so guilty into it also will be felt lighter.

Calm, patient, relaxed before you take action, managing that emotion depends on the ability of each person, if I find difficulties during trading or gambling, I will pause, and think quickly what risks I will get with something I Choose, calculate the chances of winning and losing before taking a decision, then you will be ready to accept whatever the outcome of your decision, so, in my opinion, calmness becomes important in managing emotions,..
And the more you have the experience, and as you grow older, you will more easily manage your emotions.

babysweetTiger0401

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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 manage my emotions by simply applying my self control and self discipline because without this things
I cannot succeed to manage properly my emotions. And I can never get a potential income which I want to get it someday.
Just whatever decision we had, we must not change it at be firm on what decision we had made.

lovesybitz

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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?

Controlling our emotions is the most hardest thing of a person which they are more likely tempted most of the time, in terms of different aspect of a problem. But dealing with it, it needs a proper self discipline and and self control for us to overcome it. So the result may end for good all the time.

Silberman

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Quote from: White Christmas on May 08, 2017, 10:23:02 AM

Quote from: n691309 on January 20, 2017, 03:24:36 AM

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?

We should contol our emotions otherwise they will control us, when you are in panic or in hurry then you take a small break and patient to re-analyze what you are going to do and if it worth, maybe ask someone else what he/they think about your next move.

Yes, sometimes emotion controls us but dont let it happen because it can cause bad thing to you. maybe you should take a rest or relax your mind and self from everything especially when you are in panic so that you will not everything after it and you can think a good idea or steps that you need to do for the better result.

It depends on what is causing the emotional reaction, if it is something unimportant then we must learn how to better manage our emotions but if the reason our emotions are so highs is because something important is happening then controlling our emotions is going to become a lot harder if not impossible.

RealPhotoshoper

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Quote from: boyptc on May 08, 2017, 10:35:18 AM

Quote from: Big R94 on May 08, 2017, 12:31:15 AM

when i see that i am getting emotional, i want a short break from this world so most of the time i slumber.Sometimes i do not take care about this, do not think what is happening with me just with a big smile again start to run to my destination.

Taking a short break is one of the best way to manage your emotion. Because if you will not do something with your emotion that lead into frustration and if you started to trigger yourself with it, that is going to be a hard thing for you to recover. But if you know that you can cope up with it, just relax and take a break.

Yeaaa i think it will effective to hold yourself to become greedy to chase the lost .
Make yourself as comfortable as possible , don't put yourself underpressure otherwise things could go worse.
You need to think for future, not just temporarily , trading required a lot of patience as it is the key.

virasog

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Quote from: Farma on May 06, 2017, 10:49:32 PM

I just do the preparation before starting to increase the bitcoin. Well, with preparation, you can control the emotions that will happen, because you are ready to face the worst risks. Careful preparation allows you to control your emotions.

So you mean setting up yourself into something unexpected so that you will not be surprise if things happened unexpectedly. I guess this is a good strategy then, I tried this too, then when I lose something I will not feel so guilty into it also will be felt lighter.

Jewell

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Quote from: roadbits on May 08, 2017, 09:41:11 AM

Quote from: sotoshihero on May 06, 2017, 08:58:37 PM

Quote from: coszy on May 04, 2017, 04:40:25 PM

Quote from: bobyhodob on May 04, 2017, 01:09:08 AM

Sometimes I was not aware when I'm emotion, and usually, I realized it when I've lost. so to control my emotion is learning from previous experience.

It is very difficult to cope with their emotions when it comes to finance and some aspects of earnings. First of all, this applies to gambling and then trading. Of course there is a person very much Already in the course of all matters and it is much easier for all to trade for example and the nerves in his place.

Its difficult indeed, to control my emotions in trading is that when I am losing I will cut my losses or selling it at losing price than to leave it and lose big time or wait several months again to let the price jacks up. Also, if trading is fast, I will leave my PC and do something else. But usually I trade only on small amount, so that when I lose it is negligible.

Yes, controlling emotions is a difficult task especially in gambling. we can not handle the situation when we are in long run loss or win. But in trading it is different, we can handle this, but sudden price fall will make us panic, and we sell our coins for a low price. If we control this, then we can make a good profit in trading.

yes i also agree with you that it is not such an easy job to control our emotions and specially in gambling and trading. in gambling we are always expecting for every time to make money in gambling, but for every time we do not succeeded, on other side when we start making money in gambling we put again and again to make more and more money.

Angel777

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I manage my emotions by hiding my own. I talk to anybody like no problem.
Even some people recognized that there is something wrong with me but still I handle myself calm.
But when I'm home I cry on the corner which only my family see me.
It effects me so much but I still hide it for my family not to affect their emotions also. I only confess to my best freind to make me feel comfort.

cryptotalk

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One way to remove take your emotions out of the equation is to have a plan of action already for each outcome, so you can stick to that whatever happens. Prices will go up or down, you should already know how to react when the price hits a certain level. Once it does, stick to your plan and don't risk beyond that. And never drink alcohol when trading! This just ramps up the emotions and turns off the sensible switch.

pinkpanther03

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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?

Your strategy was not good actually, you must be firm on your original whether you loose or not. Due to if you are going to be like that
always you will never experience to get big profit of bitcoin. So the better things for you to was set your self-control to be applied.

boyptc

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Quote from: Big R94 on May 08, 2017, 12:31:15 AM

when i see that i am getting emotional, i want a short break from this world so most of the time i slumber.Sometimes i do not take care about this, do not think what is happening with me just with a big smile again start to run to my destination.

Taking a short break is one of the best way to manage your emotion. Because if you will not do something with your emotion that lead into frustration and if you started to trigger yourself with it, that is going to be a hard thing for you to recover. But if you know that you can cope up with it, just relax and take a break.

White Christmas

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Quote from: n691309 on January 20, 2017, 03:24:36 AM

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?

We should contol our emotions otherwise they will control us, when you are in panic or in hurry then you take a small break and patient to re-analyze what you are going to do and if it worth, maybe ask someone else what he/they think about your next move.

Yes, sometimes emotion controls us but dont let it happen because it can cause bad thing to you. maybe you should take a rest or relax your mind and self from everything especially when you are in panic so that you will not everything after it and you can think a good idea or steps that you need to do for the better result.

roadbits

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Quote from: sotoshihero on May 06, 2017, 08:58:37 PM

Quote from: coszy on May 04, 2017, 04:40:25 PM

Quote from: bobyhodob on May 04, 2017, 01:09:08 AM

Sometimes I was not aware when I'm emotion, and usually, I realized it when I've lost. so to control my emotion is learning from previous experience.

It is very difficult to cope with their emotions when it comes to finance and some aspects of earnings. First of all, this applies to gambling and then trading. Of course there is a person very much Already in the course of all matters and it is much easier for all to trade for example and the nerves in his place.

Its difficult indeed, to control my emotions in trading is that when I am losing I will cut my losses or selling it at losing price than to leave it and lose big time or wait several months again to let the price jacks up. Also, if trading is fast, I will leave my PC and do something else. But usually I trade only on small amount, so that when I lose it is negligible.

Yes, controlling emotions is a difficult task especially in gambling. we can not handle the situation when we are in long run loss or win. But in trading it is different, we can handle this, but sudden price fall will make us panic, and we sell our coins for a low price. If we control this, then we can make a good profit in trading.

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