How do you manage ur emotions? - page 57.

kidoseagle0312

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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 my experience here, we really don't need to get panic, even the value gets drop instantly, that's normal things happen in the trading platform. If there is dropping value it will surely there is also recovering increase to be happen. Only newbie most of the time are usually encountered this things even your not newbie if can't control your emotion you will also get panic on it.

virasisog

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Proper discipline with patient .That's the only thing i kept in mind even i saw pump and dump scheme i manage and think for it i dont panic buy or sell . After the trading war on the normal price i will sell ,but for now i think many big changes in trading especially on altcoins .most of the altcoins even for a long term seems too hard for now to predict if it will pump .Long trade is not applicable as i see .Short trade may do if you can play with along with the pumpers and dumpers. It needs massive control on emotions because one wrong move if you let your emotion it will lose your profit .

andrei56

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Basically I try to stay calm no matter what, if I win I try to not make a huge fuss about it I just accept it and move on, I’m very good at this sometimes I can be up for a huge margin and my friends come up and say something like, how much have you lost? When they discover I’m actually up they cannot believe why I’m so calm.

raven7886

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Quote from: TechnoMusic on February 18, 2017, 10:52:58 AM

When I lose I am really angry and dissapointed and I am amost crying a lot if Iose really big amount of money but if it is small I am just angry.

Then stop trading with big capital ? Even after, if you keep on getting angry then stop your trading temporarily so that you will find enough time to groom yourself for a safer trading. Emotions will be same for the losses regardless of how much we are risking and losing. But if you find any differences then stick with less frustrating.

BitFinnese

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Quote from: PokerFace3 on February 15, 2017, 02:29:57 PM

Quote from: Tradescoinz on February 10, 2017, 08:33:59 AM

The best way to manage your emotions is to gamble everything you have.
So you can't gamble anymore!

Yeah, when it comes to controlling your emotion you have to know what you are risking in the first place.
So, if you are gambling you have to gamble what you can afford to lose, and honestly if you can’t handle the pressure and the emotions of losing the amount that you gamble, don’t do it at the first place.

I agree, but human nature is to do it first and regret later. One of the big problem of people who is hooked to gambling. They got so excited then without thinking betting money more than what they can afford to lose. Result, regret and stress. But another problem is they never learn because they do it again and again and again. Just like trading lol , rinse and repeat (bet and regret)

basesaw

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Quote from: Potato Chips on February 18, 2017, 01:18:04 PM

Quote from: TechnoMusic on February 18, 2017, 10:52:58 AM

When I lose I am really angry and dissapointed and I am amost crying a lot if Iose really big amount of money but if it is small I am just angry.

Lol. OP is not asking what kind of emotion you have or your feeling when you lose a certain amount in trading. He is asking how do you deal with emotions that affects your trading plan. Seriously. The number of people who skips reading the official post is increasing horribly.

Quote from: jossiel on February 16, 2017, 10:30:09 PM

Quote from: Maslate on February 16, 2017, 04:57:51 AM

Quote from: ethereumhunter on February 15, 2017, 10:46:41 PM

its difficult to practice on a daily basis because not all people can have courage to do this and when they see that they have opportunity to win, i don't think that they can control their emotions. but i am agree that we should practice in everyday so we can control and manage our emotions in gambling games and i hope i can do it too like other gamblers.

Probably you don't read the OP, we are talking about trading here, yet your comment is based on gambling. Although they have similarities but gambling is more risky though. Controlling our emotion is always the key to success because it is a big hindrance to effectively execute our technique.

Let's assume that he is pointing out about trading is also risky and a type of gambling in a nice way.

Yes, if you are good in controlling your emotions you can be near to success because you know what you are doing.

And you should always be in cool mode so that you are just chilling while trading.

In fact you have to control a same emotion in gambling and trading which is called your greed. I think he just got confused because what he said except the gambling part matched in the topic.

for some its their strategy to earn a lot. they are becoming greedy if they feel they are lucky. greediness is sometimes good as they can earn fast from it. but the counter part is you can also lose fast if you are greedy. if you want to have a stable gambling strategy you should be focusing on the bets and not from greediness.

Potato Chips

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yesssir! 🫡

Quote from: TechnoMusic on February 18, 2017, 10:52:58 AM

When I lose I am really angry and dissapointed and I am amost crying a lot if Iose really big amount of money but if it is small I am just angry.

Lol. OP is not asking what kind of emotion you have or your feeling when you lose a certain amount in trading. He is asking how do you deal with emotions that affects your trading plan. Seriously. The number of people who skips reading the official post is increasing horribly.

Quote from: jossiel on February 16, 2017, 10:30:09 PM

Quote from: Maslate on February 16, 2017, 04:57:51 AM

Quote from: ethereumhunter on February 15, 2017, 10:46:41 PM

its difficult to practice on a daily basis because not all people can have courage to do this and when they see that they have opportunity to win, i don't think that they can control their emotions. but i am agree that we should practice in everyday so we can control and manage our emotions in gambling games and i hope i can do it too like other gamblers.

Probably you don't read the OP, we are talking about trading here, yet your comment is based on gambling. Although they have similarities but gambling is more risky though. Controlling our emotion is always the key to success because it is a big hindrance to effectively execute our technique.

Let's assume that he is pointing out about trading is also risky and a type of gambling in a nice way.

Yes, if you are good in controlling your emotions you can be near to success because you know what you are doing.

And you should always be in cool mode so that you are just chilling while trading.

In fact you have to control a same emotion in gambling and trading which is called your greed. I think he just got confused because what he said except the gambling part matched in the topic.

TechnoMusic

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When I lose I am really angry and dissapointed and I am amost crying a lot if Iose really big amount of money but if it is small I am just angry.

gabmen

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Quote from: jossiel on February 15, 2017, 10:29:35 PM

Quote from: wuvdoll on February 14, 2017, 02:53:49 PM

Quote from: BlueStackz on February 14, 2017, 05:27:24 AM

emotion control may need some physiological approach which may be possible with gambling.

Managing emotions must need many practices maybe gambling will bring such opportunities to drill our emotions to get practices of dealing with it. Only practice will make us perfect but those practices may come from any resources. I agree with this idea of getting drills from gambling so that we can control our emotions while trading.

Yes, even you are going to do some physiological approach, you really need to practice that on a daily basis. And that's what I did for the past months of my trading.

When I came to the point of wants to loose my emotion because I see that I've losing profit, I'm just making my mind calm.

Through it I'm able to manage my emotion.

Well though people are saying it's hard, i think one can actually force one's self to control their emotions. Think of he consequences of your actions. Be responsible. Though some people would actually have to learn the hard way, experience how it is to lose money. But in general just thinking of what the result of our actions may be should already make us be more in control

jossiel

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Quote from: Maslate on February 16, 2017, 04:57:51 AM

Quote from: ethereumhunter on February 15, 2017, 10:46:41 PM

Quote from: jossiel on February 15, 2017, 10:29:35 PM

Quote from: wuvdoll on February 14, 2017, 02:53:49 PM

Quote from: BlueStackz on February 14, 2017, 05:27:24 AM

emotion control may need some physiological approach which may be possible with gambling.

Managing emotions must need many practices maybe gambling will bring such opportunities to drill our emotions to get practices of dealing with it. Only practice will make us perfect but those practices may come from any resources. I agree with this idea of getting drills from gambling so that we can control our emotions while trading.

Yes, even you are going to do some physiological approach, you really need to practice that on a daily basis. And that's what I did for the past months of my trading.

When I came to the point of wants to loose my emotion because I see that I've losing profit, I'm just making my mind calm.

Through it I'm able to manage my emotion.

its difficult to practice on a daily basis because not all people can have courage to do this and when they see that they have opportunity to win, i don't think that they can control their emotions. but i am agree that we should practice in everyday so we can control and manage our emotions in gambling games and i hope i can do it too like other gamblers.

Probably you don't read the OP, we are talking about trading here, yet your comment is based on gambling. Although they have similarities but gambling is more risky though. Controlling our emotion is always the key to success because it is a big hindrance to effectively execute our technique.

Let's assume that he is pointing out about trading is also risky and a type of gambling in a nice way.

Yes, if you are good in controlling your emotions you can be near to success because you know what you are doing.

And you should always be in cool mode so that you are just chilling while trading.

Maslate

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Activity: 2954

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Message @Hhampuz if you are looking for a CM!

Quote from: ethereumhunter on February 15, 2017, 10:46:41 PM

Quote from: jossiel on February 15, 2017, 10:29:35 PM

Quote from: wuvdoll on February 14, 2017, 02:53:49 PM

Quote from: BlueStackz on February 14, 2017, 05:27:24 AM

emotion control may need some physiological approach which may be possible with gambling.

Managing emotions must need many practices maybe gambling will bring such opportunities to drill our emotions to get practices of dealing with it. Only practice will make us perfect but those practices may come from any resources. I agree with this idea of getting drills from gambling so that we can control our emotions while trading.

Yes, even you are going to do some physiological approach, you really need to practice that on a daily basis. And that's what I did for the past months of my trading.

When I came to the point of wants to loose my emotion because I see that I've losing profit, I'm just making my mind calm.

Through it I'm able to manage my emotion.

its difficult to practice on a daily basis because not all people can have courage to do this and when they see that they have opportunity to win, i don't think that they can control their emotions. but i am agree that we should practice in everyday so we can control and manage our emotions in gambling games and i hope i can do it too like other gamblers.

Probably you don't read the OP, we are talking about trading here, yet your comment is based on gambling. Although they have similarities but gambling is more risky though. Controlling our emotion is always the key to success because it is a big hindrance to effectively execute our technique.

ethereumhunter

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Activity: 2912

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Quote from: jossiel on February 15, 2017, 10:29:35 PM

Quote from: wuvdoll on February 14, 2017, 02:53:49 PM

Quote from: BlueStackz on February 14, 2017, 05:27:24 AM

emotion control may need some physiological approach which may be possible with gambling.

Managing emotions must need many practices maybe gambling will bring such opportunities to drill our emotions to get practices of dealing with it. Only practice will make us perfect but those practices may come from any resources. I agree with this idea of getting drills from gambling so that we can control our emotions while trading.

Yes, even you are going to do some physiological approach, you really need to practice that on a daily basis. And that's what I did for the past months of my trading.

When I came to the point of wants to loose my emotion because I see that I've losing profit, I'm just making my mind calm.

Through it I'm able to manage my emotion.

its difficult to practice on a daily basis because not all people can have courage to do this and when they see that they have opportunity to win, i don't think that they can control their emotions. but i am agree that we should practice in everyday so we can control and manage our emotions in gambling games and i hope i can do it too like other gamblers.

jossiel

hero member

Activity: 2842

Merit: 625

Quote from: wuvdoll on February 14, 2017, 02:53:49 PM

Quote from: BlueStackz on February 14, 2017, 05:27:24 AM

emotion control may need some physiological approach which may be possible with gambling.

Managing emotions must need many practices maybe gambling will bring such opportunities to drill our emotions to get practices of dealing with it. Only practice will make us perfect but those practices may come from any resources. I agree with this idea of getting drills from gambling so that we can control our emotions while trading.

Yes, even you are going to do some physiological approach, you really need to practice that on a daily basis. And that's what I did for the past months of my trading.

When I came to the point of wants to loose my emotion because I see that I've losing profit, I'm just making my mind calm.

Through it I'm able to manage my emotion.

Wintersoldier

sr. member

Activity: 966

Merit: 274

Quote from: PokerFace3 on February 15, 2017, 02:29:57 PM

Quote from: Tradescoinz on February 10, 2017, 08:33:59 AM

The best way to manage your emotions is to gamble everything you have.
So you can't gamble anymore!

Yeah, when it comes to controlling your emotion you have to know what you are risking in the first place.
So, if you are gambling you have to gamble what you can afford to lose, and honestly if you can’t handle the pressure and the emotions of losing the amount that you gamble, don’t do it at the first place.

I agree with that. It's hard to accept if we lose our money specially if we aren't expecting that we will lose huge of money, that's awful. We must put decent money at stake that we can lose so that we wouldn't not be affected to much if we ever lose on gambling. That is my strategy in gambling, I'll play small amount of money, then will withdraw some of my winning profit. I'll not add more money or increase my bet though I won too much.

PokerFace3

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Activity: 700

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Quote from: Tradescoinz on February 10, 2017, 08:33:59 AM

The best way to manage your emotions is to gamble everything you have.
So you can't gamble anymore!

Yeah, when it comes to controlling your emotion you have to know what you are risking in the first place.
So, if you are gambling you have to gamble what you can afford to lose, and honestly if you can’t handle the pressure and the emotions of losing the amount that you gamble, don’t do it at the first place.

cryp24x

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Activity: 1190

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Quote from: BlueStackz on February 14, 2017, 05:27:24 AM

Quote from: Tradescoinz on February 10, 2017, 08:33:59 AM

The best way to manage your emotions is to gamble everything you have.
So you can't gamble anymore!

You mean gambling will give good lesson on how to control emotions so that we can do trading perfectly ? I do not this idea will work as gambling and trading will be dealing with different types of emotions. But not sure, emotion control may need some physiological approach which may be possible with gambling.

Lol it seems you misquoted someone. Because your reply is not relevant to what you quoted.

To manage emotion first we must know what is the possible consequences if we do something. In this, gambling. We should know how much we are willing to lose that will not affect us. If a certain amount if lost, will affect us emotionally then do not gamble that amount. Planning actually lessen a person from being too emotional if something went wrong.

wuvdoll

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Quote from: BlueStackz on February 14, 2017, 05:27:24 AM

emotion control may need some physiological approach which may be possible with gambling.

Managing emotions must need many practices maybe gambling will bring such opportunities to drill our emotions to get practices of dealing with it. Only practice will make us perfect but those practices may come from any resources. I agree with this idea of getting drills from gambling so that we can control our emotions while trading.

BitHodler

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Activity: 1526

Merit: 1179

Quote from: Tradescoinz on February 10, 2017, 08:33:59 AM

The best way to manage your emotions is to gamble everything you have.
So you can't gamble anymore!

Instead of advising people to lose everything with gambling so that they don't have anything to lose anymore, you could just advice them to not do gambling at all.

We're here as community to help each other, and not to push people into losses. Just browse through the gambling section to see how many people get trapped in their own greed.

In some cases they open up scam accusation threads because they can't accept that a long losing streak is possible, or that they can't accept that their "method" is busted and not working.

Same goes up with trading. If they lose money, they start blaming Bitcoin for being manipulated, exchanges for cheating, and the list goes on. It's pure greed combined with a high level of ignorance.

IadixDev

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They're tactical

Trading become much like gambling now days Cheesy

with just a layer of pseudo expert added to it :p

The only difference with true trading is that there is notion of trading something of value, the good trading is about increasing the perceived value of what you have to sell. Or decrease the value of what you have to buy.

If it become just like making supposition on the value or deciding what it "should worth" entierely subjectively, without the thing being traded having any inherent value at all, it becomes just like poker, and playing on psychology rather than on the estimation of the trading value of something.

BlueStackz

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Quote from: Tradescoinz on February 10, 2017, 08:33:59 AM

The best way to manage your emotions is to gamble everything you have.
So you can't gamble anymore!

You mean gambling will give good lesson on how to control emotions so that we can do trading perfectly ? I do not this idea will work as gambling and trading will be dealing with different types of emotions. But not sure, emotion control may need some physiological approach which may be possible with gambling.

Topic: How do you manage ur emotions? - page 57. (Read 55924 times)