How do you manage ur emotions? - page 63.

PokerFace3

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Quote from: carlerha on January 25, 2017, 03:35:56 AM

Quote from: jovs on January 24, 2017, 08:57:59 PM

Quote from: Pamadar on January 24, 2017, 11:42:18 AM

Quote from: Potato Chips on January 24, 2017, 11:29:53 AM

Your emotions is a crucial thing as a trader because it sometimes taking you over instead of logically thinking some traders will be

emotionally taken that mostly result as a failure. For me I can say that my ommited mistakes are moderate its not too much and

its not less just the right amount for traders. And the reason for some of those mistakes are my emotions since I cant help it when

an altcoin is getting bad each day plus reading the feedbacks of others will just make it worse.

Thats the problem when you are been beaten by your emotions and you didnt play well with yourself we know inside crypto we needed patience and we need to follow some rules that never make an entry to something that we arent sure for possible benefits and never ever sell when you are still at loss.

Certainly, trading is not for those affraid of losing money, it's for someone whom can take many risks. For me as a traders, I am really ready to wait than to lose of money, no matter how my coins used to drop, I'll still don't sell it, instead I'll wait even it's a month or a year. I wont trade if I would lose my money, that's what I have learned in 3 years of trading.

not only trading but all other types of business are risky, for example if you want to make money in trading or investment, you must have to take risk, without risk you cannot make money in trading. trading is not for those people who are afraid to invest their money and cannot take the risk. they should try to find some job for themselves fro, where he can get a fixed salary.

I agree with you on that point, anything that includes free fast money earning has to have risks involved in it, gambling trading even crowd funding when it comes to trusting other people to give you back your money, the most important thing when it comes to these types of earning is to know the risks you are taking and remember not to be greedy.

uneng

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Quote from: JC btc on January 27, 2017, 11:22:51 AM

The problem with me is that I do panic selling, whenever I see that the price goes up even for just a small amount I do sell it even for a small profit, I don't trust the market that the price can still increase more that what is current. After selling then I found out that the price is much higher, then, I just scratch my head while shaking it.

If doing this you are able to make a small profit, no problem. At least you have some profit, better than hold for a long time and have a loss or small loss after a lot of time. And you aren't wrong doing this, the market isn't trustful, everything can happens.
It's always better to be prepared to do the best to don't lose money even for a small amount of profit. Doing it many times you will earn a good money.

JC btc

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The problem with me is that I do panic selling, whenever I see that the price goes up even for just a small amount I do sell it even for a small profit, I don't trust the market that the price can still increase more that what is current. After selling then I found out that the price is much higher, then, I just scratch my head while shaking it.

Qunenin

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Quote from: Malsetid on January 26, 2017, 10:23:46 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?

I think most of us are like this when we're trading for the first couple of times. for me to be efficient in timing is a process that you will learn when you're trading. it doesn't always come early on as you would learn this from experience. right now, I try to be more patient and stick to how I originally set it up. then I leave it for the day and check either at night or the next day. I think for trading, patience is essential so you won't get too excited or panicky

Yes, you need to have a big heart once you involve in the trading business. One you buy altcoins, you need to be patience and do no not panic if price of those buy altcoins value decreases. Most people sell in panic and therefore they lose the opportunity of earning big as after every dump there is always a pump.

poetra2501

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Quote from: Wind_FURY on January 26, 2017, 10:04:43 PM

Quote from: poetra2501 on January 26, 2017, 10:59:13 AM

Quote from: taked on January 26, 2017, 10:33:20 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?

You need to stick to your original, you are going to be a good trader if you aren't going to be constant. Also why there's a need to panic?
If you are on that feeling, take a break and drink a cup of tea.

Panic in trading it's mean that traders are still beginners or Newcomers.
The master traders, in trading they already can hold his emotions when his price doesn't match the expectations.

That is true. That is why the traders with more experience win a lot more money. Why? Because it is the newbie trader's losing trades that funds the winning trader's strategy. Only 10% of traders make money. So it is either be as good in trading as the top 10% or continue to lose your money.

Also because, in trading we should be able to know all about the charts and read it.
It is difficult and often make our emotions when we analyze the market price is wrong.

streazight

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Quote from: adzino on January 27, 2017, 02:12:34 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?

You just need to hold back your emotions and try not to do panic sales. If you know what you are doing and trust yourself, you will be alright. Just don't stay in front of you computer and the exchange, check from time to time instead of check it 24/7.

Practically it will not be possible to stay away from market while I'm having open positions.

I need to check every minute for the price movements to take immediate decisions. I agree these sometimes lead to panics. But I do not find any other solution other than gaining experience to overcome the panic situations.

adzino

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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?

You just need to hold back your emotions and try not to do panic sales. If you know what you are doing and trust yourself, you will be alright. Just don't stay in front of you computer and the exchange, check from time to time instead of check it 24/7.

bettercrypto

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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 do not think that it is wrong to change plan in the middle of a course. The worst thing is to keep on charging even if the situation does not favor us. Many battles have lost this way. The reason why traders are successful is, they tend to adopt the situation and adapt in the situation. Emotion it is given but it should not affect our decision.

The_Dark_Knight

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Quote from: carlerha on January 25, 2017, 03:35:56 AM

Quote from: jovs on January 24, 2017, 08:57:59 PM

Quote from: Pamadar on January 24, 2017, 11:42:18 AM

Quote from: Potato Chips on January 24, 2017, 11:29:53 AM

Your emotions is a crucial thing as a trader because it sometimes taking you over instead of logically thinking some traders will be

emotionally taken that mostly result as a failure. For me I can say that my ommited mistakes are moderate its not too much and

its not less just the right amount for traders. And the reason for some of those mistakes are my emotions since I cant help it when

an altcoin is getting bad each day plus reading the feedbacks of others will just make it worse.

Thats the problem when you are been beaten by your emotions and you didnt play well with yourself we know inside crypto we needed patience and we need to follow some rules that never make an entry to something that we arent sure for possible benefits and never ever sell when you are still at loss.

Certainly, trading is not for those affraid of losing money, it's for someone whom can take many risks. For me as a traders, I am really ready to wait than to lose of money, no matter how my coins used to drop, I'll still don't sell it, instead I'll wait even it's a month or a year. I wont trade if I would lose my money, that's what I have learned in 3 years of trading.

not only trading but all other types of business are risky, for example if you want to make money in trading or investment, you must have to take risk, without risk you cannot make money in trading. trading is not for those people who are afraid to invest their money and cannot take the risk. they should try to find some job for themselves fro, where he can get a fixed salary.

But the risk cannot be extremely high if the the risk reward ratio is too high then there is no point in investing or trading since you are sure to eventually lose your money if you are not able to assess the risks

Wind_FURY

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Quote from: poetra2501 on January 26, 2017, 10:59:13 AM

Quote from: taked on January 26, 2017, 10:33:20 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?

You need to stick to your original, you are going to be a good trader if you aren't going to be constant. Also why there's a need to panic?
If you are on that feeling, take a break and drink a cup of tea.

Panic in trading it's mean that traders are still beginners or Newcomers.
The master traders, in trading they already can hold his emotions when his price doesn't match the expectations.

That is true. That is why the traders with more experience win a lot more money. Why? Because it is the newbie trader's losing trades that funds the winning trader's strategy. Only 10% of traders make money. So it is either be as good in trading as the top 10% or continue to lose your money.

AUDREY23

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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?

this is where when you decide between want to continue or stop, because of the emotions it would be good or bad tergantaung you control it normally would be able to control the emotions of the experience when you are trading, because of the successful fast it would not last long in contrast to success because of the experience it will be strong because it was used in the face of any situation

angaper

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My best strategy for keeping my emotions under control is to work under well-established rules and stick to them with complete discipline. Also many time I leave my trades working automatically and go away from my PC to avoid any emotional impulse.

The_prodigy

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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?

You can manage your emetion when you can manage your profit you can manage it too more emotion needed is when we are playing gambling trading can be minimize and not be stressful that much when you can wait you can make profit

Victorycoin

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Quote from: aardvark15 on January 25, 2017, 12:55:25 PM

For trading, I try to stick to a system/plan and stick to it. It helps to take the emotion out of it because there are set buy and sell points rather than doing it by feeling.

That is right, sticking to a trading plan is one such ways to put a check on emotions, but by saying a trading plan, it doesn't mean just about anything goes as sticking to a strategy or trading plan that is a sure loser, would only exasperate a trader's already battered emotions.

Another way to check emotions in trading is by deploying a bot tailor built to trade some strategies a trader is conversant with. Most traders have dashed their trading expeditions for using generic bots, they knew next to nothing, what it does or how it goes about trading. Before you surrender you trading account to a machine without any form of emotions, you may want to be sure you do not hand over total control to them.

Zadicar

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Quote from: poetra2501 on January 26, 2017, 10:59:13 AM

Quote from: taked on January 26, 2017, 10:33:20 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?

You need to stick to your original, you are going to be a good trader if you aren't going to be constant. Also why there's a need to panic?
If you are on that feeling, take a break and drink a cup of tea.

Panic in trading it's mean that traders are still beginners or Newcomers.
The master traders, in trading they already can hold his emotions when his price doesn't match the expectations.

In able to become a professional trader we should really need to eliminate emotion when we are trading because this thing do really affects us when we are on the middle of a trade. Yes, expert traders could really handle their emotions thats why they know what to do regarding on their trading style and plans.

poetra2501

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Quote from: taked on January 26, 2017, 10:33:20 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?

You need to stick to your original, you are going to be a good trader if you aren't going to be constant. Also why there's a need to panic?
If you are on that feeling, take a break and drink a cup of tea.

Panic in trading it's mean that traders are still beginners or Newcomers.
The master traders, in trading they already can hold his emotions when his price doesn't match the expectations.

taked

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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?

You need to stick to your original, you are going to be a good trader if you aren't going to be constant. Also why there's a need to panic?
If you are on that feeling, take a break and drink a cup of tea.

Malsetid

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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 think most of us are like this when we're trading for the first couple of times. for me to be efficient in timing is a process that you will learn when you're trading. it doesn't always come early on as you would learn this from experience. right now, I try to be more patient and stick to how I originally set it up. then I leave it for the day and check either at night or the next day. I think for trading, patience is essential so you won't get too excited or panicky

jakelyson

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Quote from: Amph on January 26, 2017, 03:07:53 AM

Quote from: jakelyson on January 25, 2017, 10:58:33 AM

You stick to your trading plans no matter what happen. If you have a good foundation of your technical analysis and you have researched well enough on your trades, you will be more confident even if the price moves against your trades. It will take a lot of practice to control your emotions but you will be able to control it if you always try. And the fastest way to achieve that is if you are confident with your trades.

tht is the general rule but then you face a streak lose, and your emotion come on top, with altcoin this can be more dangerous, unless you buy at the lowest bottom

i believe that those who cannot handle their emotion, should just build a bot that trade for them with their strategy, in this way they can get rid completely of the problem

Great idea. I never thought of that. Why manage emotion if you can shut it down with a bot.

markyminer

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Quote from: marcuslong on January 26, 2017, 06:10:44 AM

I lost everyte i gambling because gambling is life but mow i end up already playing since then i lost my tuition fee and debts that they give me i do business right mow like freelance cpa and other things seo that they pay me bitcoin and then trade into digital currency

do not know that what is your age, but if you have lost your tuition money in gambling, then its mean that you are a student, and if you are a student then who allow you to play gambling and how can you start a business, i think you need to complete your education first and then you can think about starting a business, but if you you will start business from now you will not be able to give time to your study and it will become difficult for you to continue your study.

Topic: How do you manage ur emotions? - page 63. (Read 55934 times)