How do you manage ur emotions? - page 7.

diegz

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Quote from: Uno17 on March 09, 2018, 03:22:13 AM

Emotions plays a very important role in this game, because if you do not know how to control your emotions it will lead you to losing your money, that is why if the prices are going down, do not tend to go panic selling, just keep emotions controlled and have more patience in holding, wait for the right time, because the market will surely go back to good weather after the storm, wait until you see your desired profit to happen.

What really affects you in trading is not really an emotion, it is when you panic, when the price gone wild and you can't cope up with the situation and all you are thinking is "hey what should I do? Should I sell it now? What?" at that point, no one is around you to advise and all the people on the internet is all busy with their stocks also. At that point, only experience can calm you. So I'm pretty sure that whales are more relaxed than small time traders.

jakezyrus

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Quote from: Uno17 on March 09, 2018, 03:22:13 AM

Emotions plays a very important role in this game, because if you do not know how to control your emotions it will lead you to losing your money, that is why if the prices are going down, do not tend to go panic selling, just keep emotions controlled and have more patience in holding, wait for the right time, because the market will surely go back to good weather after the storm, wait until you see your desired profit to happen.

wow that was a good tip you got there. thank you for making those kind of words , for sure this can help many people especially bitcoiners that constantly trading and investing their funds. in my case i have already know how to manage my emotions because i can say that im not already new in this industry of bitcoin. i already know the do's and donts about it but i still dont know on what is the actuall time to sell your bitcoins, i know that we must sell when prices goes high but how long can they reach their peak?

BaceUlrich

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If you only play with money you can easly loose, you won't have emotions.

gawer33

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Try to build a trading plan like set stop loss and profit target. Also some bots have stop loss and triggers in case their is a fud.fear will be gone if you know you will not loss a lot.

Uno17

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Emotions plays a very important role in this game, because if you do not know how to control your emotions it will lead you to losing your money, that is why if the prices are going down, do not tend to go panic selling, just keep emotions controlled and have more patience in holding, wait for the right time, because the market will surely go back to good weather after the storm, wait until you see your desired profit to happen.

Alex Storm

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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 emotional management just comes with experience in the market. You wont have the same reactions to losses and profits and you will react to situations in a more rational way. A lot of traders only develop good emotional management after several years of experience on the market.

mung_nasib

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To reduce emotions I usually tend to go outdoors to shop so that previous problems can be avoided quickly and can anticipate the occurrence of large losses.

Copulative

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The most exceedingly terrible things in the dealer are our feelings. Generally on the off chance that we are freeze offering or purchasing with the bitcoin. This happened on account of the development of its estimation. We should control our feelings on the off chance that we don't control it they the one will control us. We should enjoy a little reprieve and unwind a while, and after that back once more, think extremely well the following stage.

Birin016

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Emotion is the important part for human beings. Everybody should control their emotion. There is no specific way to manage my emotion . Sometime i mange my emotion walking alone my flower garden. Sometimes stop taking to anyone. Sometimes writing something

bitllionaire

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Quote from: _IRMAN on March 02, 2018, 11:14:59 PM

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?

do not pay too much attention to the market price, because it will make you panic selling when you see the price of a coin down even if only slightly, because I also very often experience it Grin

But for a day trader it is too much important that he must overview the price of bitcoin from time to time. For long term investors if they will not view the price of bitcoin from time to time it will be good for them, because they will not get panic if the price of bitcoin is taking a little correction and is coming a little down, because they have to wait for a long time and are not going to sell their bitcoin so soon.

crimzonico

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Sometimes I imagine myself doing the opposite of what I feel is the right trading choice. This helps me collect myself and think things true in a more objective light.

izzy13

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It depends on our core motivation and plan. If we intend to make this a long term bussiness, then be panic and greedy are prohibited. I also used to read discussions on such forums like this and it helps me much to make any consideration.

myworkstrade

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I manage my emotions by just move on to the bad trades I made and looking forward to recalibrate my trading system or skills. Its not easy to move on but always keep in your mind the most important thing is you lose some but you never give up. You can do it no matter what. Quitting is not the answer so cheer up try again in small trades and never do the revenge trading. Good luck

_IRMAN

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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?

do not pay too much attention to the market price, because it will make you panic selling when you see the price of a coin down even if only slightly, because I also very often experience it Grin

sajeebur rahaman

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I love Beauty

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'm a forex trader,I have been studying forex market for 10 years and trading, I can share my experience, Trading is actually psychological game, Make it so full that you can not get out with a quick profit, At the beginning of the market there is one, When there is a trends in the market, there is a party where they take the market, and the market goes on the same side, If the buyer and Sellar are on both sides of the market, then the market is in Sed Way mode...

The problems you have

(You need a good system)

The system means strategy..
do a strategy that will make you trust a lot more
Without strategy, the market can not stay long

Strategy name
ELLIOT WAVE
PRICE ACTION
There are many such systems..

You can make one by itself, test it for a few days
THANKS..

strongwarrior238

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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 that in order for you to overcome your emotions you have to accumulate experience, stumble from where you can set specific goals and plans. Because you put too many emotions into the trade without a specific plan, then you will certainly fail, otherwise your profits will be lower.

MoonsGravity

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Sometimes you can't. I guess the one thing I can hope for is to be extremely conscious of them and how they are affecting me.

MMA

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Quote from: OnnoTunes on March 02, 2018, 12:23:02 PM

You shouldn't be greedy when buying or selling. You should sell when the profit seems enough, and buy when price seem low enough. If you wait then you always fail. To avoid these emotions I try to buy and sell without waiting too much and for example when I sell a coin then I don't follow what happens after I sold.

In fact it is too much natural, people even do not want to become greedy. but spending time in market they become greedy and the try to investment in bitcoin for making profit but i think it is important to have good study about investment and trading or where you are going to invest your money, because without having good study it is very difficult to make money from bitcoin or any other crypto currency.

OnnoTunes

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You shouldn't be greedy when buying or selling. You should sell when the profit seems enough, and buy when price seem low enough. If you wait then you always fail. To avoid these emotions I try to buy and sell without waiting too much and for example when I sell a coin then I don't follow what happens after I sold.

Rebisco

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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?

We should control our emotions when we are doing trading, if we can't manage our emotions; there is a big possibility that we can lose our money in trading. We can make bad decisions if we can't manage our emotions well.

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