Topic: How do you manage ur emotions? - page 8. (Read 55924 times)

Investing and holding for a long time also bring a great pressure to your emotions, especially if the coin you invest is falling sharply, you will face anxiety and fear for a long time, sometimes you can not face and you will make the wrong decision, that is panic selling to extricate yourself. Emotion is always something very hard to control, personally, what I do to control emotions is that I always analyze the data and opportunities in the future, when we understand the nature of our problems, our psychology and emotions are also easy to relax, then we should engage in physical activity, emotion will be clear and balance, decision in trading is also more accurate

just stay calm this is some of the best thing that we may ever have to do for here in crypto currency as what we all know that this is really unpredictable then you have to be more careful for about what we act for and been make some emotion here.

Sometimes it is not possible to control our emotions because of the market, of course, we have to hold as long as possible until the price of the coin increases. Not only in crypto, share market everywhere we have to wait patiently in order to make money on our investment.

I push myself to be stay calmed all the time especially if I saw a huge percentage of the previous price decreased.
But sometimes,  I can't still help and started to cut my losses.

If you can't control your emotions for trading, it's better to use a strategy or the longterm investment.
because patience or control your emotions is the key in trading.

Practice.

Fucked up many times before, reflect on what went wrong and come back stronger.

Emotions are usless, the only good thing about emotions is they allow you to relate to how the crowd feels like. You are just not allowed to act on them.

This is such a difficult one for traders.
The psychology behind trading is something I am extremely good at. I have people in my discord community that are excellent charters- technical analysis gurus, people who are amazing at doing fundamental analysis, but it is SO difficult to manage your emotions when trading.

A few of the guys in the discord (myself included) use a bot to trade (profit trailer), and it's one of those things...the bot is supposed to take the emotion out of your trades.

But then the problem is that you check the bot constantly and see where it's at. You fall victim to seeing your bot deep in the red, and wanting to clear it and move on.

In a way it's sort of like playing poker, being able to be in control of your emotions when you have a good hand, or when you're trying to bluff. At the end of the day, the key is to know your entry and exit strategy, have a rule, whatever you're comfortable with. Have a risk plan in place- and then STICK WITH IT! No matter what.

Another important thing is not to second guess your decisions. If you decide to sell at a slight loss and you see the coin go up afterwards, you can't get the "If only I'd have HODLed", or "I shouldn't have sold". That kind of talk will get you in trouble 9 times out of 10. Make a decision you can live with, don't lose sleep over your trades, STICK TO YOUR PLAN and learn from your mistakes. You don't lose if you learn!

It's practically impossible to keep emotions away in trading.
All you can do is to control them to the point that they don't push you to make too stupid action, by greed or by panic.
Actually, the best method I found is to not considerate what you are trading as "money" but just as some points in a videogame.
So you can have an acceptable level of detachment and it easier to remain calm and lucid.

I did the same mistake  when wacth the chart and the price too much times , and finally i loss because iam tired and can not control emotions. So to avoid emotions during trading i moved to long term trading. Buy and hold a few week or month and then when reached 1 until 5 times profit i sell it partially.

Agree with you. sometimes or most of the time we didn't know what we are doing. We didn't control our emotion if the market is red or the btc is going down. All we can do is to accept all the loss and plan on your next move.

If you have been in the bitcoin game long enough then you will become immune to the price swings and volatility. You need to never let your emotions control your decisions. Whenever you feel like panic selling just sit back for few minutes and think with a relaxed mind, you will be able to make better decisions.

Emotion can affect your mind and your mind will decide your investment. Your emotions must be stable, if your emotion let easy control by anything, it will hurt your mind and I believe that all your decisions at the time are always wrong.

I am presently exchanging altcoins, as a rule I exchange when the market is quick moving. That way I don't feel apprehensive about purchasing coins. Be that as it may, when I don't know, I as a rule leave my coins on the offer and pause. However much as could be expected I don't need misfortunes. Persistence, you ought to have that when you are into exchanging. However much as could reasonably be expected, watch the value development and the bidders. Some of the time they are deceiving you to

During trading I tend not to read opinions from social media, friends, and post from BCT. Sometimes the more I read comments and newspaper the more I become emotional on my judgement.

I think the best ways to control emotion on trading is acquiring knowledge from the coins you have currently possessed. Being confident with your investment will help you a lot not to clutter your decisions.

I manage my emotion by making myself more professional in all circumstances. I always set aside the problems and emotions that I have in order to concentrate more in the job that I am doing right now.

It is difficult but it is not different. And for this controlling I think you must be kicked with loss earlier. That will help you to make a better decision at that hard time when you are just fluctuating between two decisions. There are some people who can control themselves because your money is on stake. You must be controlling this thing else a heavy loss will be there to welcome you.

Set your target profit, not too high. But keep it consistent you do. No need to worry if your trading floating minus, rest assured that you can make profit while learning how to trade well for your money.

There are many traders who losing their money because they can't manage their emotions. Emotions are of the factors of trading. You can control your emotions if you have a lot of patience. There is a time that our emotions are the reasons why we make mistakes and bad decisions.

We need to calm down and control our emotion in trading, don't panic if the price fallin. Because panic can make us take the worst decision and make us lose our money. So, it's depends our self how to handle our emotion, use it as a good thing and we will find it was helpful into our trading.

You can manage your emotions well if you will always think positive. Controlling emotions are really important here in the trading world. You can lose your money if you can't control your emotions. It is better if we will focus on how we will improve our emotions.