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
Yes sir its right that once you enter the world of trading you must have patience and don't panic once the price of your coins fall. Because i believe that you can not buy that coins if there's no potential. And we expect too for dump the price of our holding. So must be follow your instinct. 
Topic: How to control your emotions while trading?👨🏼💻 - page 11. (Read 2064 times)
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.
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.
I think you can find a lesson on how to control your emotions on the internet or offline courses. You need to have patience in trading, especially if you see the price is up and down many times. You can set up how much profit you want to make, don't be greedy because you want to chase a bigger profit. You know that in trading, you cannot always make a profit, so make yourself ready to accept the reality. Try to learn how to have the patience to wait for the price change and receive everything you make and realize that you need more practice to get more profit. Don't try to trade if the market cannot predict because that will make you confuse to determine what you want to do.
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.📈
⠀
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.👨🏼💼
Pretty basic guidelines.
Whether you like it or not, emotions comes along your way while youre trading. You dont want to get rid of your emotions. Instead, learn from your emotional nature.
While, FOMO is very inevitable, since most of the traders are really working on making good profit.
This comes also the reason why you need to invest what you can afford to lose, to avoid too much emotional stress.
Correct.
Then dont look.
Give it time to marinade.
Let it go. It aint much but it will really help. Before I have been monitoring one coin which is my favorite and saw it pumped and dumped every minute.
It really hurts when you see it night and day. Better to give it a few hours before looking back. This is also one reason why I uninstalled the Binance application.
Then dont look.
Give it time to marinade.
Let it go. It aint much but it will really help. Before I have been monitoring one coin which is my favorite and saw it pumped and dumped every minute.
It really hurts when you see it night and day. Better to give it a few hours before looking back. This is also one reason why I uninstalled the Binance application.
Emotions are something in trading which makes you to lose your capital drastically i.e. if there is a little loss, emotional trader tries to recover it by taking risk and ultimately lose his account. Emotions can only be controlled when you have proper trading plan.
1. Previous day market must read to chose next day trading pairs.
2. Entry points, exit points and SLs are to be drawn on pairs selected.
3. Must remain stick to the trading plan.
Above rules must be followed to keep the emotions out of trading.
1. Previous day market must read to chose next day trading pairs.
2. Entry points, exit points and SLs are to be drawn on pairs selected.
3. Must remain stick to the trading plan.
Above rules must be followed to keep the emotions out of trading.
For me, I control my emotions in trading by looking again at my calculations, price range, recalling my mistake that I do when trading, and also relaxing my self first. Yes, emotion is one of the fiercest enemies of a trader. But I control my emotion by looking again at my calculation to remind my self that I will not buy or sell because its not my portable price and profitable price range. Also, if that happens, I relax my self and saying it's not the right moment; if I do it, I will just repeating at my mistakes again. Just always remember to set some goals and price range so that you have a reminder. 
Setting up a goal when trading is the best thing that we can do rather than not controlling our emotions. Exactly emotions are the worse opponents of a trader. You have to keep reminding yourself why you are here in this trade industry. In the first place, your goal is to earn profit and do not let your emotions win. First, I saw many threads like this a tip of trading, how to manage emotion and etc.
Controlling emotion is one of the most common scenarios in trading. A trader who had weak emotions will become a loser.
While you are in trading you should think it first if that is emotion and decide when you are full analyze the situation.
However, you should always have knowledge of trading so that you will not attract by emotions.
Getting caught into our emotions while trading doesn't only give a negative impact on our trades but it sometimes will give also a realization. Controlling emotion is one of the most common scenarios in trading. A trader who had weak emotions will become a loser.
While you are in trading you should think it first if that is emotion and decide when you are full analyze the situation.
However, you should always have knowledge of trading so that you will not attract by emotions.
However, it mostly gives more about the disadvantages that could bring us down
https://www.tradeciety.com/emotions-trading-psychology/
It is really a big challenge but if we can manage to control it, guaranteed that we can be good and profitable trader.
First, I saw many threads like this a tip of trading, how to manage emotion and etc.
Controlling emotion is one of the most common scenarios in trading. A trader who had weak emotions will become a loser.
While you are in trading you should think it first if that is emotion and decide when you are full analyze the situation.
However, you should always have knowledge of trading so that you will not attract by emotions.
Controlling emotion is one of the most common scenarios in trading. A trader who had weak emotions will become a loser.
While you are in trading you should think it first if that is emotion and decide when you are full analyze the situation.
However, you should always have knowledge of trading so that you will not attract by emotions.
Emotions are really hard to control specially if you are a newbie. For me I learn how to fight it when I have the experience of losing big money because of my irrational and illogical decisions. So I would say that if order to overcome it, at least you should have experience the painful effect so that it will stick to your mind. I tend to strategized more, used my common sense, put up a good entry and exit strategy. Learning from your past mistakes is really that thing here in crypto, because if you make the same mistakes over and over again and losing huge amount of money, then I would suggest that you should shift careers.
For me, I control my emotions in trading by looking again at my calculations, price range, recalling my mistake that I do when trading, and also relaxing my self first. Yes, emotion is one of the fiercest enemies of a trader. But I control my emotion by looking again at my calculation to remind my self that I will not buy or sell because its not my portable price and profitable price range. Also, if that happens, I relax my self and saying it's not the right moment; if I do it, I will just repeating at my mistakes again. Just always remember to set some goals and price range so that you have a reminder.
Comparison is really killing the trade business. Most traders have left their trading plan because they feel they are not making enough money but forgetting that they are suppose to believe in their skills and gradually develop the capital.
Comparing your ideas to other doesn't always turned up to be bad, it could go either way depends on how you see it, if you compare your ideas to other that use the same strategies that you use but they succeeded and you didn't then that could be depressing, however, if you'll ask how they do it and accept that you missed something, then you could grow and make it a weapon and not just an insult.
The issue is that most people are not patient while trade. Most trade with the expectations to make quick profit instantly. Most cant be patient enough of to hodl for the price of the token they bought to pump before selling, once there is any little dump they tend to fiddle away and sell at loss . Many traders needs to learn the art of patience while trading
This is not good for you. Trading is for those who are having good knowledge of market and have calm nature. Successful traders are not those who invest into right coins but those who buy and sell them on right time under right circumstances. I will suggest you going for holding that too for long period because it reduces risk of losing money. Many newbies want to start their crypto experience as a trader forest service provider directly. Mostly they never drive to learn the basics first. I suggest every newbies learn with the less amount of money in exchange and try to learn limits and amount they can make based on the chart.
The issue is that most people are not patient while trade. Most trade with the expectations to make quick profit instantly. Most cant be patient enough of to hodl for the price of the token they bought to pump before selling, once there is any little dump they tend to fiddle away and sell at loss . Many traders needs to learn the art of patience while trading
This is not good for you. Trading is for those who are having good knowledge of market and have calm nature. Successful traders are not those who invest into right coins but those who buy and sell them on right time under right circumstances. I will suggest you going for holding that too for long period because it reduces risk of losing money. 
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.📈
⠀
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.👨🏼💼
We should always be observant and patient, by this we can make a perfect timing on when to trade. Always think critically and make a good decision, for you to have a win win trades. Make a strategy or plan on how to execute your moves to prevent loss and regrets. You should always take the risk but you need to become wise when it comes to decisions it trading. Understand the chart for you to observe and secure the right time to trade.
First you need to set goals. Then you have to trust your trading system. Emotional trade opens up the possibility of losing your funds. I follow my own trading system and then open my trade. Those who open trade to get rich quick often lose funds.
Aggressive traders are often lose their money. You need to work with setting up plans that you will going to use while you are still inside this business.Having good understanding with project that you will going to buy will help you to anticipate the right entry and exit positions. Don't panic when your
assets is falling make sure to have a back up, spare money or cut loses to move forward will help you to recover.
First you need to set goals. Then you have to trust your trading system. Emotional trade opens up the possibility of losing your funds. I follow my own trading system and then open my trade. Those who open trade to get rich quick often lose funds.
To control your emotions while trading, you need to always remember your goals in trading. What are your targets? are you hitting those targets? Are you making mistakes? Are you learning from making those mistakes? You need to question yourself so you can easily see your trading at a bigger picture so you can think outside of your emotions since you are aware of what is happening.
In this very unpredictable market of bitcoin we can’t totally eliminate people doing FOMO, everyone is after the profit so that means that whenever a trader see that the price is quite favorable then you will see panic selling of coins. Controlling your emotions is not easy as we think but by doing it then FOMO will be lessen. Aside from controlling emotions, checking the charts everyday can be a little stressful so might as well don’t because if you will do it then it will also lead to FOMO, and most importantly, stick to your strategy and don’t compare it to others because there strategy may not work for you. I would suggest you make your own strategy and stick to it.
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