How do you manage ur emotions? - page 53.

MMA

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

Quote from: pinkpanther03 on April 26, 2017, 02:50:32 PM

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 everything we do in this world, there is always two things that we need to choose where it is between good or bad. Now by managing our emotions you have two choices to be made, first your emotion controls you or you'll be the one who will control your emotions for you not to encounter bad things result in trading. Now the choice is yours Undecided

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.

jeraldskie11

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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.

timerland

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

Quote from: grandy on March 26, 2017, 03:19:08 PM

Quote from: Wowcoin on March 26, 2017, 02:33:48 AM

Everything I could restrain my emotions especially in gambling because you beat a gambling site if you can not restrain the emotions. All you do in the field of bitcoin gambling or to invest you should always apply your emotions and manage it.

controlling emotion in trading and specially in gambling is one of the most difficult task i think. as i really feel very hard when start losing money and to decide not to play gambling any more.

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.

You dont have necessary to lose money to let emotions into the game, the biggest issue is that when anything which contains risk has also money involved, then in a important moments when the equity is going down, people usually make bad decisions too.

That is why it is crucial to never let your emotions speak for themselves when it comes to doing business decisions, or the choices on which depends the future of your positions or trades.

Be calm and do your job, dont panic when you see that something is going wrong, it is a common scenario after all so there is nothing to be afraid of.

Fireblade

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Quote from: dearbesz1219 on April 27, 2017, 10:55:01 AM

Quote from: whizter on March 18, 2017, 06:18:10 PM

Quote from: Kevin77 on March 18, 2017, 09:46:40 AM

Quote from: ubercool on March 17, 2017, 08:21:23 AM

I have been losing a lot recently because of emotions as I was a gambler before and it is hard to keep it for myself. I have been calm when the price increased but at dump points I get heart attacks literally. Cry

There will be no differences in handling your emotions in both gambling and trading. But it will not good for your health and for your trading capital if you still losing your calmness in negative market conditions. I suggest you to partice more in mock account just get the drills and practices of different scenarios of usual bitcoin trading, this way you can gain knowledge on controlling yourselves.

Quote from: boyptc on March 16, 2017, 10:01:05 AM

I'm dealing with it by simply stopping and changing my plans, it's the hardest enemy as we know we are fighting with ourselves.

How it will be possible to stop trading when we are in loss with our trades. You mean before facing bigger losses you will cut and come out ? But you may be facing all the times losses only because sometimes market will bounce back after showing some negative movements.

i do not think that it is such a an easy job to manage and control our emotions, and specially if a person is playing gambling then it will become more difficult to manage our emotions in gambling.

Well, it will only be hard if the person is greed to have a lots of money. For sure controlling their emotions will not be priority of course! But if you are not greed, instead you just play responsibly I think in that situation you easily manage your emotions so that if you know that you are winning in the game, you can easily give exit yourself out of the game.

i think emotions of people change from time to time. and specially in two conditions, when we are making money and get excited then we do not have control over our emotions ans secondly when we lost money and become disappointed in such situation we also lose control over our emotions. i think it is also different from person to person, as some people do not lose their control over their emoting in any case, while so people do not have control over their emoting which is really to much risky eve dangerous.

bamboylee

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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?

This requires training and trust in your trading system. If you do not trust your trading strategy, you will always doubt yourself does making way for panic sell and bad trading decisions. Experience can also help you adopt and control your emotions.

eduaro66

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Activity: 284

Merit: 250

Quote from: dearbesz1219 on April 27, 2017, 10:55:01 AM

Quote from: whizter on March 18, 2017, 06:18:10 PM

Quote from: Kevin77 on March 18, 2017, 09:46:40 AM

Quote from: ubercool on March 17, 2017, 08:21:23 AM

I have been losing a lot recently because of emotions as I was a gambler before and it is hard to keep it for myself. I have been calm when the price increased but at dump points I get heart attacks literally. Cry

There will be no differences in handling your emotions in both gambling and trading. But it will not good for your health and for your trading capital if you still losing your calmness in negative market conditions. I suggest you to partice more in mock account just get the drills and practices of different scenarios of usual bitcoin trading, this way you can gain knowledge on controlling yourselves.

Quote from: boyptc on March 16, 2017, 10:01:05 AM

I'm dealing with it by simply stopping and changing my plans, it's the hardest enemy as we know we are fighting with ourselves.

How it will be possible to stop trading when we are in loss with our trades. You mean before facing bigger losses you will cut and come out ? But you may be facing all the times losses only because sometimes market will bounce back after showing some negative movements.

i do not think that it is such a an easy job to manage and control our emotions, and specially if a person is playing gambling then it will become more difficult to manage our emotions in gambling.

Well, it will only be hard if the person is greed to have a lots of money. For sure controlling their emotions will not be priority of course! But if you are not greed, instead you just play responsibly I think in that situation you easily manage your emotions so that if you know that you are winning in the game, you can easily give exit yourself out of the game.

All these emotions will go away at a time when you get experience. At the beginning of commercial loyalty, many are liable to emotions and greed and receive negative experience. Then experienced traders can control their emotions

dearbesz1219

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Activity: 924

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Quote from: whizter on March 18, 2017, 06:18:10 PM

Quote from: Kevin77 on March 18, 2017, 09:46:40 AM

Quote from: ubercool on March 17, 2017, 08:21:23 AM

I have been losing a lot recently because of emotions as I was a gambler before and it is hard to keep it for myself. I have been calm when the price increased but at dump points I get heart attacks literally. Cry

There will be no differences in handling your emotions in both gambling and trading. But it will not good for your health and for your trading capital if you still losing your calmness in negative market conditions. I suggest you to partice more in mock account just get the drills and practices of different scenarios of usual bitcoin trading, this way you can gain knowledge on controlling yourselves.

Quote from: boyptc on March 16, 2017, 10:01:05 AM

I'm dealing with it by simply stopping and changing my plans, it's the hardest enemy as we know we are fighting with ourselves.

How it will be possible to stop trading when we are in loss with our trades. You mean before facing bigger losses you will cut and come out ? But you may be facing all the times losses only because sometimes market will bounce back after showing some negative movements.

i do not think that it is such a an easy job to manage and control our emotions, and specially if a person is playing gambling then it will become more difficult to manage our emotions in gambling.

Well, it will only be hard if the person is greed to have a lots of money. For sure controlling their emotions will not be priority of course! But if you are not greed, instead you just play responsibly I think in that situation you easily manage your emotions so that if you know that you are winning in the game, you can easily give exit yourself out of the game.

sikke

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Activity: 504

Merit: 250

Controling your emotions during different activities is something extremely important for anyone, and it is crucial as a trader or investor to stay calm even in the event of seeing your all trades/investments are going horribly wrong.

You simply cannot let your emotions and feelings to choose instead of your brain with the help of the knowledge you have. In the moment of panic, people seem to forget the skills that they have been taught before. They do not keep themselves cold-blooded because many people simply does not know that correct behaviour and emotion management is something necessary to know even as an aspiring trader, with not so big experience.

2double0

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Activity: 2618

Merit: 1105

Emotions are like guns which shoots ourselves while trading, because it always distract us from our goals and make us take wrong decisions, which we regret afterwards. I have stop loss and take profit features which I always utilize and stop watching the markets, because emotions would take place only when you are stuck against the screen watching it all the time, getting frustrated. If you won't be watching it, trust me you won't feel disheartened.

berserkinterbuy

full member

Activity: 195

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Quote from: pinkpanther03 on April 26, 2017, 02:50:32 PM

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 everything we do in this world, there is always two things that we need to choose where it is between good or bad. Now by managing our emotions you have two choices to be made, first your emotion controls you or you'll be the one who will control your emotions for you not to encounter bad things result in trading. Now the choice is yours Undecided

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

NathanJB

sr. member

Activity: 756

Merit: 251

Usually emotion plays a big role when an amount is something that is already big that we cannot afford to lose. Trade small and you don't care if lose or gain. It also depend on the type of personality you have. Some people tends to play it more serious and focus when trading large amounts while some lost focus and got overjoyed by a gain or panic when market goes downward.

pinkpanther03

hero member

Activity: 1092

Merit: 501

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 everything we do in this world, there is always two things that we need to choose where it is between good or bad. Now by managing our emotions you have two choices to be made, first your emotion controls you or you'll be the one who will control your emotions for you not to encounter bad things result in trading. Now the choice is yours Undecided

mastermold

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Activity: 168

Merit: 100

Managing emotions is the first step to trading. You should think practically rather than being emotional. Panic selling is the mistakes done by newbies. Give yourself time, everybody does that when they start. With time you will lose money sometimes and make profit the other time. This cycle will make you stiff and you will start thinking practically.

Sled

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Activity: 1680

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Bitcoin- in bullish time

Quote from: dearbesz1219 on March 29, 2017, 01:10:04 PM

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?

Maybe you just lack of believing in your original plan. If your making a plan, of course you should hold on unto it and remain stay. Because once the emotion of yours leads you personality it will control you as a whole. And once that happen you already lose, but if you know how to manage it responsibly in the you will see that you will expect your good profit.

You can't blame other person if they didn't stick to their plans because there is a lot of things to consider like they see a massive bad feedbacks and also a hard dump then it will trigger them to also sell because everybody does. Most of the traders are just relying to the environment so i think it is normal to see a lot of traders didn't sticking to their plans.

dearbesz1219

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Activity: 924

Merit: 500

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?

Maybe you just lack of believing in your original plan. If your making a plan, of course you should hold on unto it and remain stay. Because once the emotion of yours leads you personality it will control you as a whole. And once that happen you already lose, but if you know how to manage it responsibly in the you will see that you will expect your good profit.

pooya87

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Activity: 3472

Merit: 10611

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.

well gambling is a little bit different.
when you are trading, you are using all your "logic" to make a decision. all the knowledge and experience you have. and then make a well thought move to take the smallest risk and make the most profit at the same time.
however in gambling you are not using any logic, knowledge, etc. you are only taking risks, dumb risks even to enjoy the thrill of risk taking nothing else. which is why when you turn off your brain and logic center

you start losing to emotions, greed, etc

justdimin

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www.Crypto.Games: Multiple coins, multiple games

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.

Hydrogen

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Activity: 2562

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This is some of the best advice I've found.

Precept #9 of the Dokkodo.

9. "Resentment and complaint are appropriate neither for oneself nor others."

It helps a lot.

virasisog

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Activity: 1820

Merit: 537

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

Quote from: grandy on March 26, 2017, 03:19:08 PM

Quote from: Wowcoin on March 26, 2017, 02:33:48 AM

Everything I could restrain my emotions especially in gambling because you beat a gambling site if you can not restrain the emotions. All you do in the field of bitcoin gambling or to invest you should always apply your emotions and manage it.

controlling emotion in trading and specially in gambling is one of the most difficult task i think. as i really feel very hard when start losing money and to decide not to play gambling any more.

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.

Well that happens most of the time ,when planning to bet again or when to buy or sell on trading that makes it hard but ,we know in ourselves we can control our emotions .I myself i have also troubles on making decisions but i do come to relax and think more what can possibly happen either what move i do and accept whatever the result is .That's how i manage it also having some knowledge how to go in a flow of situation .

BitcoinPC

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Activity: 812

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Quote from: grandy on March 26, 2017, 03:19:08 PM

Quote from: Wowcoin on March 26, 2017, 02:33:48 AM

Everything I could restrain my emotions especially in gambling because you beat a gambling site if you can not restrain the emotions. All you do in the field of bitcoin gambling or to invest you should always apply your emotions and manage it.

controlling emotion in trading and specially in gambling is one of the most difficult task i think. as i really feel very hard when start losing money and to decide not to play gambling any more.

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.

Topic: How do you manage ur emotions? - page 53. (Read 55924 times)