How do you manage ur emotions? - page 52.

Babyrica0226

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Quote from: tylerDjack on January 20, 2017, 03:27:25 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?

By managing our emotion, it really needs controlling ourselves so that in the end we may not get affected by it.

Babyrica0226

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Quote from: tylerDjack on January 20, 2017, 03:27:25 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?

By managing our emotion, it really needs controlling ourselves so that in the end we may not get affected by it.

harizen

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Quote from: Hazir on April 29, 2017, 03:45:32 PM

Create a set of rules and always follow them. I am talking about mainly:

1. Don't be fool and react to every FUD to sell your coins, when in doubt - buy more coins. It worked every time with me so far.
2. Don'tr try to buy when price is reaching ATH and market is optimistic. Wait.
3. Don't sell the news.
4. Bitcoin is too big to fail. Don't panic sell, ever.

1. If profit, it's fine for minimizing the loss then it's better to hug the FUD and take opportunity to buy coins at lowered price to considered.

2. But sometimes it's good. Waiting for too much buying target always wrecked people's strategy. Analyze the current trend as much as possible really a must.

3. Not my factor though.

4. Agree. Having a weak hands must take into consideration.

Hazir

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Create a set of rules and always follow them. I am talking about mainly:

1. Don't be fool and react to every FUD to sell your coins, when in doubt - buy more coins. It worked every time with me so far.
2. Don'tr try to buy when price is reaching ATH and market is optimistic. Wait.
3. Don't sell the news.
4. Bitcoin is too big to fail. Don't panic sell, ever.

cryptogasm

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Quote from: Bee Leb07 on April 29, 2017, 02:23:34 PM

Actually when i see that i am getting emotional, i take a short break or hear song or take a little walk. Then again come to the point and trade. I think if you are strategical enough and you have good plan, then it would be possible for you to manage any kind of emotions. Don't be greedy and don't think of getting rich in a short time. Otherwise, it will bring no good to you. Just keep calm and keep trading.

Couldn't agree more.

cryptogasm

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I think it is not so easy to control emotions and specially in gambling where we most play gambling on our emotion, everyone invest their money in gambling to earn more money using shortcut way, but i think it is not such an easy job to earn money from gambling, in gambling you need to have a good luck and good experience and SKILL ( the most important ) so as to make money.

Bee Leb07

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Actually when i see that i am getting emotional, i take a short break or hear song or take a little walk. Then again come to the point and trade. I think if you are strategical enough and you have good plan, then it would be possible for you to manage any kind of emotions. Don't be greedy and don't think of getting rich in a short time. Otherwise, it will bring no good to you. Just keep calm and keep trading.

Reid

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It aint new specially to those who just started it.
I got the same experience. Now, I tend to just leave it for weeks or a month just to maximize the profit and also avoid the stress.
If you keep on monitoring the price of the coin that you are trading then emotions will be there.
One example is a double in price all of a sudden. You tend to wait for more or sell quickly. There is no right decisiom there. Just the wise one which wont regret the step he made.

bitbunnny

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I think it's important to follow your inner feeling and intuition. When possible keep you head cool, don't panic and think twice before you make some risky move or decision. And be aware that there will be also losses and bad moments, so don't look at that as on tragedy but try to minimize the consecvences and learn something from it.

Supercrypt

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Quote from: JellyO on April 29, 2017, 02:43:22 AM

Quote from: tylerDjack on January 20, 2017, 03:27:25 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 try to fix problems with my emotions as soon as they cause any minor issues so they can't cause more problems. Like don't turn a losing trade into a BIG losing trade.

You have made an excellent point. Some people get so dejected with their wrong decisions that they just cannot handle it anymore and invest in the same coin/asset again hoping that the fortune changes.

Basically there is rule in trading (ask pro's ) that you must never re-invest in what you already invested, unless you have profited tremendously and you seek profits again. Don't go with it because you feel.

BitcoinBabbler

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I do whatever my intuition tells me to. I do not think over Btc trading for long. If I feel I should do it, I do it

iv4n

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This days are test for our emotions, when we see that market is rising we always questioning ourselves to sell, to wait, to buy more, what to do and to take most profit in the end.
Its easy to talk how to control emotions in calm times, in moment when everything is happening its hard to stay with clear had thats why we must build ourselves in practice, there is no other way to learn how to control emotions.

PokerFace3

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Quote from: Gembul on April 29, 2017, 12:59:14 AM

Quote from: MMA on April 28, 2017, 04:31:32 PM

Quote from: berserkinterbuy on April 26, 2017, 03:28:57 PM

Totally agree with you. You always need to control your emotions. And not only in trade, but in everyday life. Usually emotional actions create only problems. But it's very hard to give up emotions. But eventually it will turn out

i think it is not so easy to control emotions and specially in gambling where we most play gambling on our emotion, everyone invest their money in gambling to earn more money using shortcut way, but i think it is not such an easy job to earn money from gambling, in gambling you need to have a good luck and good experience and skill so as to make money.

Everyone has different emotional levels, so it's a bit difficult to suggest others to control emotions in our way. But in my opinion, controlling emotions in gambling is difficult if we do not set a target. Due to if lost in the bet then the sense of resentment and doubling bet will arise. But it's different if we have boundaries and targets, and decide to pause, This can also be done in trading .Thank you

We are talking about trading and you took it to gambling Grin

, let me clear both are different as trading you made decisions based on your knowledge while gambling you made bets either in desperation for money or based on emotions.

Coming back to point, controlling emotions is very simple once you understand that bad decisions and loss are a part of trading and it's like life, you have bad days and good days, you have to keep a still head and face them.

joromz1226

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Quote from: tylerDjack on January 20, 2017, 03:27:25 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?

In that case, you really need to control your emotion when you're doing the actual trade. Because, if our emotion controls us it will surely that loss will come up to us at once. So, remain on what you had chosen just stick to it and stand firm even the value drops still hold on it.

JellyO

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Quote from: tylerDjack on January 20, 2017, 03:27:25 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 try to fix problems with my emotions as soon as they cause any minor issues so they can't cause more problems. Like don't turn a losing trade into a BIG losing trade.

batang_bitcoin

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Quote from: jeraldskie11 on April 28, 2017, 11:18:28 AM

Its hard to manage emotions. Like me, I lost some bitcoin because of emotions in this way, when I new in trading my money will doubled so I am very happy and because of that I tried to trade again then I lost 10% of my money so i'm very sad and because of that emotion I trade again without computing and analyzing or without timing so as a result my money will back to my starting. Emotions is very important anytime and it can affect you in trading.

But that is just happening when you are newbie in trading but when you already had enough experience you will manage to control it for so long. But we do have the same reaction when we are experiencing loss. The best way to manage and face this type of losses is make sure that you are ready about it and don't trade too much.

btc_angela

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Quote from: Gembul on April 29, 2017, 12:59:14 AM

Quote from: MMA on April 28, 2017, 04:31:32 PM

Quote from: berserkinterbuy on April 26, 2017, 03:28:57 PM

Totally agree with you. You always need to control your emotions. And not only in trade, but in everyday life. Usually emotional actions create only problems. But it's very hard to give up emotions. But eventually it will turn out

i think it is not so easy to control emotions and specially in gambling where we most play gambling on our emotion, everyone invest their money in gambling to earn more money using shortcut way, but i think it is not such an easy job to earn money from gambling, in gambling you need to have a good luck and good experience and skill so as to make money.

Everyone has different emotional levels, so it's a bit difficult to suggest others to control emotions in our way. But in my opinion, controlling emotions in gambling is difficult if we do not set a target. Due to if lost in the bet then the sense of resentment and doubling bet will arise. But it's different if we have boundaries and targets, and decide to pause, This can also be done in trading .Thank you

Emotions like greed will take the shape form in either gambling and trading. It is really hard to control and depend on the individual. It is already human nature. For trading I think that if you put a strategy in place and follow it to the point, it will mitigate risk and somewhat control your emotion because you have already a strategy in your mind.

Gembul

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Quote from: MMA on April 28, 2017, 04:31:32 PM

Quote from: berserkinterbuy on April 26, 2017, 03:28:57 PM

Totally agree with you. You always need to control your emotions. And not only in trade, but in everyday life. Usually emotional actions create only problems. But it's very hard to give up emotions. But eventually it will turn out

i think it is not so easy to control emotions and specially in gambling where we most play gambling on our emotion, everyone invest their money in gambling to earn more money using shortcut way, but i think it is not such an easy job to earn money from gambling, in gambling you need to have a good luck and good experience and skill so as to make money.

Everyone has different emotional levels, so it's a bit difficult to suggest others to control emotions in our way. But in my opinion, controlling emotions in gambling is difficult if we do not set a target. Due to if lost in the bet then the sense of resentment and doubling bet will arise. But it's different if we have boundaries and targets, and decide to pause, This can also be done in trading .Thank you

Vaskiy

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Quote from: Fireblade on April 28, 2017, 06:06:00 PM

Quote from: justdimin on March 28, 2017, 02:15:18 PM

Quote from: BitcoinPC on March 26, 2017, 11:24:37 PM

We talk about emotions only in trading and gambling, otherwise in real life we could manege. But about of lose our money than it is difficult to control our emotions, and as you said i agree with you, when we lose the amount than the next bet starting is hard, and same situation is happen in trading.

I do not think so. People who are able to control their emotions in real life, certainly will control their emotions in both trading and gambling. Because there will be no differences of pressure we do get in gambling and trading from the real life. The practice and experience will give anyone the cool mindset everywhere.

When we are keeping our risk levels small, we could control our emotions like not bothering about the losses. We should always have second plans to recover our losses. The recovering losses will be possible when it is small, otherwise emotions will break up to make the situation more worst.

most of the people lose their emotion if they are not strong decision taker. i think those people who do not have any planing or strategy for gambling they they even do not control themselves in gambling and invest more and more money tell the lose all their money they have.

Emotions were the common factor that every human has, but it plays vital role in all the way of life starting from one's personal discipline to his earning calliper. Emotions need to be controlled to overcome the unwanted loss. The loss might be money, friendship as well other things. When you control your emotions and decide with patience all you experience will be succes.

Fireblade

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Quote from: justdimin on March 28, 2017, 02:15:18 PM

Quote from: BitcoinPC on March 26, 2017, 11:24:37 PM

We talk about emotions only in trading and gambling, otherwise in real life we could manege. But about of lose our money than it is difficult to control our emotions, and as you said i agree with you, when we lose the amount than the next bet starting is hard, and same situation is happen in trading.

I do not think so. People who are able to control their emotions in real life, certainly will control their emotions in both trading and gambling. Because there will be no differences of pressure we do get in gambling and trading from the real life. The practice and experience will give anyone the cool mindset everywhere.

When we are keeping our risk levels small, we could control our emotions like not bothering about the losses. We should always have second plans to recover our losses. The recovering losses will be possible when it is small, otherwise emotions will break up to make the situation more worst.

most of the people lose their emotion if they are not strong decision taker. i think those people who do not have any planing or strategy for gambling then they even do not control themselves in gambling and invest more and more money tell they lose all their money they have. therefore i think it is too much important to play gambling with planing so as to control your emotions and minimize the risk of losing money in gambling.

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