Although trading for many years, I still have this threshold when emotions start to get the better of you. Usually when your entry position size is very huge or very high leverage and the market is very volatile.
So learn first where your threshold lies.
Topic: How do you manage ur emotions? - page 66. (Read 55924 times)
Training is what you need. Start with disposable capital first. Practice trading with that along with known trading strategies.
As you become more confident and prepared for both winning and losing streaks, you'll make less mistakes, profit more and lose less.
Yes, only through experience we will be able to manage our emotions. Both in trading and gambling emotions are playing against us to deviate us from our original trading/gambling plans. If we start listening to our emotions then there will be no chances for discipline in trading.As you become more confident and prepared for both winning and losing streaks, you'll make less mistakes, profit more and lose less.
Unlike Forex trading, I'm not that much emotional while trading in bitcoins. Bitcoin fluctuations are somewhat predictable so I'm not getting deviation from my trading plans.
Training is what you need. Start with disposable capital first. Practice trading with that along with known trading strategies.
As you become more confident and prepared for both winning and losing streaks, you'll make less mistakes, profit more and lose less.
As you become more confident and prepared for both winning and losing streaks, you'll make less mistakes, profit more and lose less.
I usually try to change what I'm doing if I'm feeling like
my judgement is affected by emotions,be it fear of loss or too much agitation,greed,panic etc.
Means you are not successful with your trading ? my judgement is affected by emotions,be it fear of loss or too much agitation,greed,panic etc.
I do not see any possibility of making profits by not controlling your emotions. You need to have some strict plans for your trading and you need to follow them regardless of whatever feeling you will be getting in market hours.
Changing your plans according to some sudden feelings, might ruin the chances of making profits in trading.
I usually try to change what I'm doing if I'm feeling like
my judgement is affected by emotions,be it fear of loss or too much agitation,greed,panic etc.
my judgement is affected by emotions,be it fear of loss or too much agitation,greed,panic etc.
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?
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?
Its the same thing as gambling, emotions are big part of it and when in time you haste on your bet or simple make a hero call without analyzing what you just did or not even understanding why you did the hero call, its likely you lose.
I'm not a trading expert but its always a good thing to have confidence to the coin you are trading, if you knew this coin is going to rise, why get out of it when its value drop. All it need is time and it can climb up.
Emotions comes in devise ways and even over excitement after a profitable trade can get in between and mare our subsequent trade decisions. At any rate, emotions are the things that makes us human and there is no way to totally get rid of them. Best a trader can do is to have a laid down trading plan before taking up any position in the make and to follow up the plan to the later. Anger, anxiety, bitterness, hatred, joy, etc are all examples of emotions.
Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.
Indeed, if we can not control the emotions that will make us do a costly mistake. Perhaps a bit of advice from me and maybe you can follow, it would be better if the trade to set a target profit and loss. So that we can do according the targets we set, I'm sure you can control your emotions and not make mistakes. And must keep doing the analysis properly so that trade will profit.always don't panic just analyze the movement and let your mind to search for idea to make your own methods.. if you are always managing and monitor your trading profit and lose.. you can do experiment and learn emotion is one of the weaknesses if we are always using it just in gambling that you can push you to put your bet in one place without analyzing it..
Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.
Indeed, if we can not control the emotions that will make us do a costly mistake. Perhaps a bit of advice from me and maybe you can follow, it would be better if the trade to set a target profit and loss. So that we can do according the targets we set, I'm sure you can control your emotions and not make mistakes. And must keep doing the analysis properly so that trade will profit.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?
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?
Control of emotions is the most difficult thing in trading as greediness is always somewhere near and no matter what, there always will be the other choice. If you profit, you think you can earn more, if you loose and quit and price returned - makes you crazy. IMHO what I would recommend is to have a very strict plan before you start any position, you must set up the level of your profit as well as the acceptable loss. And no matter what don't change that, as this can teach you discipline and at least it gives you the feeling of control.
Either Trading or gambling (this I don't recommend), you require a high level of discipline, you must have a trading strategy and exit plan, either you are in profit or loss. Once you start to chase your loss or become greed you will loose focus and you money
Emotions is really a major thing that most traders would really face in the times that they are trading because we do have expectations which do we really like to make profitable trades thats why we set up strategies and plans but when we are already on the middle of trading unexpected things do really happens which means our emotions will come out and changes our plans thats why we need to manage our selfs.
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?
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?
There are always two choices that we need to do. Since we are discussing our emotion, I think this most often happen while we do trade on the exchange platform, especially if we don't wait patiently in the price what we are expecting it, we decide quickly to change it then all of a sudden the value change instantly, then we got panic on it. Which means we shouldn't control by our emotions instead we must control our own emotion, to avoid those thing s to be happen to us.
Truly speaking is very difficult to control and restrain my emotions and probably most of the times I can not. Maybe I have to be trained to be cool in some way and perhaps the the best option is to set goals in profit and loss and follow them every time
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?
Managing emotions will be only possible through experience. You need into continuous practices of controlling your emotions to get better results of managing them. Self control will be the key here too.
Obviously controlling our emotions will lead to follow our trading plans strictly which might ensure big chances for profits making.
If you aren't calm and can't analyze that your every trade has risk of loss, you can't be a good trader. Realize that nothing happenes in minutes and every loss has chanse of profit after some time, keep calm and feel yourself as good as you are when you get profit. If you won't do those steps, your bad emotions can cause lost of money.
Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.
Indeed, if we can not control the emotions that will make us do a costly mistake. Perhaps a bit of advice from me and maybe you can follow, it would be better if the trade to set a target profit and loss. So that we can do according the targets we set, I'm sure you can control your emotions and not make mistakes. And must keep doing the analysis properly so that trade will profit.If you less it means you learn and do not be afraid of loses because if you are losing you will gain more in the future and hit how you are manage your trading strategy.
Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.
Indeed, if we can not control the emotions that will make us do a costly mistake. Perhaps a bit of advice from me and maybe you can follow, it would be better if the trade to set a target profit and loss. So that we can do according the targets we set, I'm sure you can control your emotions and not make mistakes. And must keep doing the analysis properly so that trade will profit.Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.
Indeed, if we can not control the emotions that will make us do a costly mistake. Perhaps a bit of advice from me and maybe you can follow, it would be better if the trade to set a target profit and loss. So that we can do according the targets we set, I'm sure you can control your emotions and not make mistakes. And must keep doing the analysis properly so that trade will profit. 
Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.
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