For long term investors, the best way to control your emotion, is to first invest in a reliable coin like bitcoin, then keep your wallet key in a safe where you can come back in 10 years’ time to see what the price of bitcoin has turned to, because with all these whales manipulating the market now, it would be very difficult to actually not lose it sometimes, at one point in time, you will still eventually fall for emotion when you keep checking price.
For traders, the best way they can control their trading emotion, is to first of all set a goal, and then make use of all these stop loss and take profit tool, it is easier for one to use all these trading tools to control emotion in trading than to want to personally control the emotion. Many people usually find it so difficult to do manually.
Topic: How to control your emotions while trading?👨🏼💻 - page 10. (Read 2036 times)
I am also learning how to control emotions when trading, When I studied the exam, I saw many suggestions such as:
- Make a clear trading plan, which will reduce negative emotions.
- Do not observe the market constantly, observing as much as you are more likely to be tempted
- When a loss or profit more than 3 times the exam stopped, this is the hardest thing I believe a lot of people do not do.
- Make a clear trading plan, which will reduce negative emotions.
- Do not observe the market constantly, observing as much as you are more likely to be tempted
- When a loss or profit more than 3 times the exam stopped, this is the hardest thing I believe a lot of people do not do.
To control emotions is difficult, we are human, somehow emotions are always present so they want to be suppressed. In the Crypto market it is not healthy to get carried away by emotions, particularly I have a couple of tips for market speculators:
1.- To study as much as possible, if it is better books, that are of influential market speculators, it is not recommended that it be only technical analysis, nor follow advice of influencers.
2.- Having clear market analysis and the decision to enter a trade, what you need to ensure is not to see news so you don't get carried away and change your analysis.
3.-Have an Exchange that allows:
a.- Place your Stop Loss and place Take Profit at the same time.
b.- Once you have placed your trade configuration, limit yourself to making a maximum of 3 different trades.
c.- Place less than 10% loss and at least 3 times the gain.
4.- Having configured the trade configuration, not being stuck on the PC or in the market, check the hours, and if you lost assume the loss and if I earn a very good job.
This way you can reduce emotions, the news, the fact of being on the chart all day is not healthy. It is recommended to make trades that are long term or medium term.
1.- To study as much as possible, if it is better books, that are of influential market speculators, it is not recommended that it be only technical analysis, nor follow advice of influencers.
2.- Having clear market analysis and the decision to enter a trade, what you need to ensure is not to see news so you don't get carried away and change your analysis.
3.-Have an Exchange that allows:
a.- Place your Stop Loss and place Take Profit at the same time.
b.- Once you have placed your trade configuration, limit yourself to making a maximum of 3 different trades.
c.- Place less than 10% loss and at least 3 times the gain.
4.- Having configured the trade configuration, not being stuck on the PC or in the market, check the hours, and if you lost assume the loss and if I earn a very good job.
This way you can reduce emotions, the news, the fact of being on the chart all day is not healthy. It is recommended to make trades that are long term or medium term.
The only thing you should concern yourself with is the individual performance. Stop reading success stories of others if they make you feel sad. If you bought at $8000 and was able to sell at $8500 then it's perfectly ok! You shouldn't concern yourself that price has risen to $9000 or $10000 after that. If you made profit, in short, you made a successful trade.
what do you mean individual performance?is that some kind of hard work?
controlling emotions in trading is only a matter of time, if we already understand trading management and always practice it, just wait for your emotions to be controlled, because controlling emotions is like planting a tree, if you want to feel the fruit then you have to be patient.
Glendall do you understand what your wrote? Controlling emotions is not a matter of time, some people are not capable
for that even after a long period of time. Patience and controlling emotions in trading are two different things.
Individual performance is your own achievement, your possibilities with your set of skills. Is it a hard work? I`m sure that
practicing can be hard, learning can be hard to for people who are newbies in something.
When you plant a tree, you can sit down and be just patient! You need to take care of that plant, to water it everyday,
to cut weeds around, depending on the tree you need to do what it takes for that tree to give you fruits. Just planting and
waiting will lead you nowhere.
The only thing you should concern yourself with is the individual performance. Stop reading success stories of others if they make you feel sad. If you bought at $8000 and was able to sell at $8500 then it's perfectly ok! You shouldn't concern yourself that price has risen to $9000 or $10000 after that. If you made profit, in short, you made a successful trade.
what do you mean individual performance?is that some kind of hard work?
controlling emotions in trading is only a matter of time, if we already understand trading management and always practice it, just wait for your emotions to be controlled, because controlling emotions is like planting a tree, if you want to feel the fruit then you have to be patient.
The only thing you should concern yourself with is the individual performance. Stop reading success stories of others if they make you feel sad. If you bought at $8000 and was able to sell at $8500 then it's perfectly ok! You shouldn't concern yourself that price has risen to $9000 or $10000 after that. If you made profit, in short, you made a successful trade.
I agree to your thought but I think you forget the most important thing that you need to do which is stop being greedy. This is the reason why you wait for the lowest price to buy and the highest price to sell and always comparing your result to other trader's result means to much greed. Be contented even in a small mark up income and have a good strategies.
Yes greed does makes us lose the profit and I have a simple logical of minimum $100 profit for a trade worth anything above $1000 but there are users who needs huge chunk of profit often ends up exhausting the buying period. We need to be logical and have couple of plans if one doesn't work.
I agree to your thought but I think you forget the most important thing that you need to do which is stop being greedy. This is the reason why you wait for the lowest price to buy and the highest price to sell and always comparing your result to other trader's result means to much greed. Be contented even in a small mark up income and have a good strategies.
Yes greed does makes us lose the profit and I have a simple logical of minimum $100 profit for a trade worth anything above $1000 but there are users who needs huge chunk of profit often ends up exhausting the buying period. We need to be logical and have couple of plans if one doesn't work.
I agree to your thought but I think you forget the most important thing that you need to do which is stop being greedy. This is the reason why you wait for the lowest price to buy and the highest price to sell and always comparing your result to other trader's result means to much greed. Be contented even in a small mark up income and have a good strategies.
Anyone that trades with emotion will surely lose. You need to form your own strategy and stick with it. just ensure you stay away with YouTubers, pump and dump groups, you will get recked if you subscribe to their calls
good, yeah that's what i do. accept that it's too late when buying low prices and selling high prices. I have never panicked, because I believe it will happen to the coins I buy. secondly I have never followed news from groups like pumps and dumps. it's just fake. I always make my own trade. and leave a coin that has a high pump. and look for coins that are falling without high price increases
I devised my trading plan strictly followed it without any emotion once I pull a trigger to buy or sell with my stop loss 2% to 3% of my total portfolio as you said I am always on a look out for dumping coins analyze them before entering the trade with that I was ability to control fear and emotion, while following a telegram group for signals is more less a waste of time to me why not learn trading? rather than been giving fish learn how to fish. 
Controlling emotions is very easy because for sure I believe every person can control their emotions so don't be afraid or even scared if the price decrease because a emotional trader can lose more for sure if they scared because they sell the coin that they bought with high price to the low value. A real and successful trader know how to manage to their emotions while in they are in trading.
Not exactly. Managing our emotions isn't that easy, admit the fact that there are times that we have been engulf by our surging emotion and this emotion can be trigger either postive or negative phenomenon. It is easy for us to say that we can manage our emotion well but we must remember that we're just only human, we're not perfect. 
well, my fucking trouble on trading its not FOMO for sure, but FUD,
its really different,right ?
i can control my self when i see something like FOMO, but not about FUD,
somehow i just think, i just picked a wrong asset, then i just hodl it for short time.
I just thought, every bad news about the token that I bought from the project was authentic, and I became paranoid about losing my money.
then it become real when the prices drop 5% just for 4 minutes after i buy,
--
but, as time goes by, stay away or not too focused on market its a better idea.
even now, i've turned off all of alarm on my blockfolio.
Controlling emotions is very easy because for sure I believe every person can control their emotions so don't be afraid or even scared if the price decrease because a emotional trader can lose more for sure if they scared because they sell the coin that they bought with high price to the low value. A real and successful trader know how to manage to their emotions while in they are in trading.
Easy? I don't think so.
And I can say that because I am also a human.
It is part of us, of us, being a human and we can't control that so easily since everything can trigger our emotions it might be positive or negative. You might say it is easy since you can do it but for people that are not that used to control their emotions, I don't think they can agree to what you had said.
One of the most popular emotions among traders is a notorious fear of missing out,
or simply FOMO, which picks when the market is high.📈
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Watching the price of an asset soaring higher and higher, while out of the deal,
a trader often feels even worse than in case of losses.⚠️
⠀
So, what exactly can you do to prevent emotion-connected issues?
⠀
Accept the fact that you can’t buy at the lowest and sell at the highest prices;☝🏻
⠀
Don’t be looking at the charts all the time;❌
⠀
Use a trading plan ruling how to deal with profits and losses;📝
⠀
Follow your own plans, don’t compare your results with results of other traders too often.👨🏼💼
Controlling emotions is very easy because for sure I believe every person can control their emotions so don't be afraid or even scared if the price decrease because a emotional trader can lose more for sure if they scared because they sell the coin that they bought with high price to the low value. A real and successful trader know how to manage to their emotions while in they are in trading.
Controlling your emotions in trading is not an easy task and sometimes we suffer loss due to our panic in the market.But we learn from our mistakes and we need to stay calm and stay away from any negativity or FUD's in the price dump situation.As said don't depend wholly on trading signals of others or telegram channels that ask you to invest in particular coins but do according to your knowledge and level of experience.
Its hard to control or set aside your emotions when doing trades but is it possible to do so? Actually yes by your own will and plan.
Lets accept that not all the time we can buy or sell with the amount we anticipate, instead set a target price and stick to it.
Dont bother or compare your trading strategy to others because that will ruin your own plan so dont let your emotions control you.
Lets accept that not all the time we can buy or sell with the amount we anticipate, instead set a target price and stick to it.
Dont bother or compare your trading strategy to others because that will ruin your own plan so dont let your emotions control you.
I think emotional challenge is the biggest problem for most of traders, especially newbies. Fortunately, I managed to control them. I just accepted the fact that I can't always make profit, it doesn't work like this. And of course I never risk those amount of savings that are crucially important for my life right now. I always knew that I can afford it to loose, so it reduced my emotions.
Well, disturbed emotions during trading are always a problem for most traders and the origin of this disease comes from the fact that we have succumbed to the pressure and did not accept everything that was not in our prediction, newbie is the one who often gets involved in this problem as you say, the crypto market is still too new and not like their thoughts. Each person will have different handling methods, with you you will relax and accept, my method is more binding when I set limits on profits and losses, the plan won't be changed by my feelings A very difficult topic to discuss. In trading, as in the game, you need to keep a cold head and keep your nerves in discipline. Not everyone succeeds, and therefore there are very few truly successful traders.
Trading is a very serious job that requires a lot of knowledge and skills in order to pass every obstacles on it, a mere cash will not be enough to withstand all the hardship that you would experience while you are chasing your dreams in Trading, too much emotion will not be good while lack of emotions is much worst. Managing every aspects that could affect the way you trade is important, either it would benefit you or it will not benefit you at all.
You could manage your emotions if you know your limits, train yourself to follow that limits that you would set everyday, and you'll find yourself making profits all of the time.
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