Topic: How do you manage ur emotions? - page 5. (Read 55934 times)
I'm doing my best to change things for the better but it's not up to me, so I do not get upset , I tell myself I did everything I could, Today I lost, tomorrow I will win.
Becoming successful in trading is no easy task as well as managing your emotions. As bad as it may sound, managing emotions can only be perfected through experience, whether good or bad trading turnouts, it’s should always be considered a learning experience. So next time you encounter the same situation, you’ll be able to handle it well.
If you have a plan to inverse in any of the crypto currency.You should control your emotion.If you had failed to control the emotion,some time you will buy at higher price .And sell the bitcoin at low price,due to some panic.In trading,you must have patience and capable to control the emotion.
I don't succumb to my emotions. I just try my best to stay cool and don't follow my emotions. Especially when the coins are dumping or pumping. That would be a problem if you follow them and you wll for sure lose money. Especially when you see it dumping, then you follow the dump.
You really get emotional when you can't help yourself checking fud articles about bitcoin every minute on the internet. Everyone of us get affected but if you fill you mind with negativity then you are really going to get convinced to believe them so don't overthink what's happening and focus on your goals.
I understand that when it comes to Bitcoin or altcoin crash, I had mixed emotions. There is a part of me who is scared and wants to dump all of my coins/tokens in my portfolio, and there is another part of me who is strong and wants to hold on despite the great crash.
I know how it feels, especially on what the media thinks about blockchain, Bitcoin, and ICOs, but that's just normal. It's what we call a healthy correction. Bitcoin and altcoin crashes are normal, just deal with it. It's just the whales are playing mind games on us anyway.
I know how it feels, especially on what the media thinks about blockchain, Bitcoin, and ICOs, but that's just normal. It's what we call a healthy correction. Bitcoin and altcoin crashes are normal, just deal with it. It's just the whales are playing mind games on us anyway.
I set aside emotion when doing trading because emotion can have a bad effect when i do trading. When the market falls on it's price i don't keep on watching it because if i'm always see the price of my investment. There will be a chance that i will panic then sell my holdings. Trading with emotion can be a huge setback for us that's why we need to get rid of bad emotion. I just don't panic now unlike before when i was new.
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sometimes, I still having difficult to manage my emotions in trading especially if I see the price jumps so high and makes me become greedy and difficult to determine in what price I want to sell my coin. but in other time, I don't have any problem with my emotion and I can sell my coins with easy. I think it's because we are trying to hard and push our self to make a big profit but the reality, the price won't go with what we want and I still learning to prevent this in my day and weeks trading.
I suppose that the best way to manage ur emotions is to write down all possible scenarios on paper and just follow your plan despite everything.
Managing emotions is very important, it matters a lot in cryptocurrency,well ,acceptance is a key for everything,just accept the fact that not all the times we win sometimes we loss and its part in our journey here, the important is you learned from your mistakes then youre already aware to make right decisions next time, experience is another factor to success, in paning selling, just control yourself, be positive that bitcoin will still increase,theres no one will help you in making decisions except YOU,just be confident enough that you can do it.
I think you should just make sure you're only investing money you're comfortable loosing, that way your emotion are properly managed.
That's correct, knowing your limit will not make you emotional, the only problem is when you did not control yourselfand for sure you will lose more because your emotion is not the key to success but your intelligence in investing which will help you improve your skills.
I think you should just make sure you're only investing money you're comfortable loosing, that way your emotion are properly managed.
That's correct, knowing your limit will not make you emotional, the only problem is when you did not control yourselfand for sure you will lose more because your emotion is not the key to success but your intelligence in investing which will help you improve your skills.
I think you should just make sure you're only investing money you're comfortable loosing, that way your emotion are properly managed.
I never let my emotions get the best out of me when it comes to my investment because I'm sure that I'll regret it big time later after everything's done and after I have lost money on what I'm doing. Also, if you want to get big money out of something you need to have balls and nerves of steel before proceeding into any plans of yours.
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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 think if you always feel that way, then you are not suitable for trading in bitcoin, you better find another job that can be done in bitcoin besides trading, because if you continue to trade and can not manage your emotions, then you only will incur losses without earning the expected profit. But if you still want to trade, then try to set your emotions, do not be too ambitious if you know it will harm. 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 it by buying on dip at least i know i cant lose too much and i usually do arbitrage on trading for o dont have more spare time to monitor it all day and its not stressful like other trading platform.
It's better to a set of amount for your target of profit, I think that to manage emotions is enough hard.
this is a psychology you need an experience to control or manage it.
this is a psychology you need an experience to control or manage it.
Most times, I do end up with low income as you stated and it really quute devastating, knowing fully well that it was my greedy actions that actually caused the loss. The main thing is; in as much as I try to not to let my emotions get through me, it usually ends up doing so. And its quite painful. But all the same, I take every bitcoin design a d action as part of a normal business risk. After all, I knew about the risk before embarking on it.
it all start with your greed. every one will always want to gain huge income or profits. and when we talk about how to earn money and not losing money from this business, i believe that the way to control our emotion best is by setting a target that we need to follow every time we trade, so every time you you enter the market you need to set the amount of capital you are going to invest and remember never go all in. manage your risk well. and when you gain some profits, remember to set a certain target to win. maybe 25 or 30 % profits then you go for profit taking.
Dont be greedy is good way to manage emotions and should has minimum target for take profit in a month, lets say 50% amonth, so when you get this amount, just take rest while and thinking twice to entry in the market, dont just enter without any analysis, because when you floating minus in next month you will waste your times in 2 month.
Greediness of people I think is normal but you need to control that because it might be that brings you nothing when you let your emotion controlled you. Patience is a must in trading so you could wait for the perfect timing when yo sell your holding coins at the right time when you profit was there. Never act as a panic seller just wait for better profit that you expected.
Dont be greedy is good way to manage emotions and should has minimum target for take profit in a month, lets say 50% amonth, so when you get this amount, just take rest while and thinking twice to entry in the market, dont just enter without any analysis, because when you floating minus in next month you will waste your times in 2 month.
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