How to control your emotions while trading?👨🏼‍💻 - page 4.

logicgate

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Quote from: Triffin on November 05, 2019, 10:22:36 AM

Quote from: Kambal2000 on November 04, 2019, 11:44:24 AM

Quote from: kanayaTabitha on November 04, 2019, 11:33:16 AM

Quote from: Clark05 on November 04, 2019, 10:10:36 AM

We are people and we are emotional and that's normal for us for being emotional. But applying it to the trading is not a good Idea and help to you because a trader who are emotional cannot avoid losing more money because if they are emotional they will be panic and sell the coins even that is not a good price or very low value.

Controlling emotion in daily activities is an easy task, but when it related to wealth or money, i think most of people will blind and follow their lustness. So controlling emotion on trading needs much experience of tradings and need much experienced of losses so they can feel the lost and feel the pain. If they never feel the pain of losing opportunity to get profits they will not able to control emotion because they always want more and hoping their coin can go up further

Experience is still the best teacher to everyone of us, beginner in trading may sometimes lose hope, and cannot control themselves, but as you continue to practice trading everyday, you will have the confidence and little by little you will learn how to control your emotion, there's no instant on it, but as time is passing by you will eventually overcome it. Just continue your path and passion to do trading, there is no magic, in time you will be a successful trader just don't give up.

I agree with you. The lessons we learnt from practically performing something are totally different from the theoretical ones. We can forget theory but experiences become part of our lives and they stay with us as long as we live. With the passage of time, these lessons help us in grooming and maturing ourselves. Trading is no different. Giving up should never be an option and every great achievement demands time plus perseverance.

If you really want to make money through trading, your major goal shall be to learn as many strategies as possible practically. No doubt theory helps you in analyzing situations but often what you experience practically is not what you studied. You need to mold your theoretical knowledge accordingly. Since trading is solely practical, try it with small investment in the beginning in order to have grip over market.

Btc_1856

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Quote from: kanayaTabitha on November 04, 2019, 11:33:16 AM

Quote from: Clark05 on November 04, 2019, 10:10:36 AM

We are people and we are emotional and that's normal for us for being emotional. But applying it to the trading is not a good Idea and help to you because a trader who are emotional cannot avoid losing more money because if they are emotional they will be panic and sell the coins even that is not a good price or very low value.

Controlling emotion in daily activities is an easy task, but when it related to wealth or money, i think most of people will blind and follow their lustness. So controlling emotion on trading needs much experience of tradings and need much experienced of losses so they can feel the lost and feel the pain. If they never feel the pain of losing opportunity to get profits they will not able to control emotion because they always want more and hoping their coin can go up further

The person will get much experience only when he loses money in trading and I think it is completely wrong because I have seen many traders who lost lots of money but still, they were afraid about the trading. Of course, the experience is one of the major criteria in trading sometimes even an experienced person will face the loos, he needs to implement his trading analysis in order to control the loss, it will easily help to control your emotions.

drachman

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Quote from: supercanada1 on November 02, 2019, 11:13:07 AM

Quote from: Kambal2000 on November 01, 2019, 01:38:04 PM

Trading is really hard and I cannot say not to panic or be afraid and just keep going, to just trade and trade and ignore your feelings, because that will worsen everything, so the least thing we can do if we are not feeling well, worried too much is to relax and stop trading for a while, have some rest, go out with your family and eat your favorite food. Make sure to clear your mind before doing trading.

Trading is not hard. Once you have a lot of knowledge regarding your profession, then it becomes easy to take right decisions at right time. In order to perform better than others, you need to spend more time trading as compare to them. I also don't think that we humans can ignore feeling, we should take every sort of experience positively. Mistakes give lessons. In digital market, choosing the right coins matters the most. I suggest bitcoin.

There is a huge deal of evidence that supports the claim that trading is hard, if anything trading has to be hard, many think about the markets as something abstract but it is not, the market is made of people like you watching the charts and doing everything they can to obtain an edge over others, if you read a book about trading then your competition will read two books and have an advantage over you, if you try a new strategy then they try two new strategies and have more flexibility, trading is hard because those that earn profits are always improving and keeping that knowledge to themselves.

Triffin

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Quote from: Kambal2000 on November 04, 2019, 11:44:24 AM

Quote from: kanayaTabitha on November 04, 2019, 11:33:16 AM

Quote from: Clark05 on November 04, 2019, 10:10:36 AM

We are people and we are emotional and that's normal for us for being emotional. But applying it to the trading is not a good Idea and help to you because a trader who are emotional cannot avoid losing more money because if they are emotional they will be panic and sell the coins even that is not a good price or very low value.

Controlling emotion in daily activities is an easy task, but when it related to wealth or money, i think most of people will blind and follow their lustness. So controlling emotion on trading needs much experience of tradings and need much experienced of losses so they can feel the lost and feel the pain. If they never feel the pain of losing opportunity to get profits they will not able to control emotion because they always want more and hoping their coin can go up further

Experience is still the best teacher to everyone of us, beginner in trading may sometimes lose hope, and cannot control themselves, but as you continue to practice trading everyday, you will have the confidence and little by little you will learn how to control your emotion, there's no instant on it, but as time is passing by you will eventually overcome it. Just continue your path and passion to do trading, there is no magic, in time you will be a successful trader just don't give up.

I agree with you. The lessons we learnt from practically performing something are totally different from the theoretical ones. We can forget theory but experiences become part of our lives and they stay with us as long as we live. With the passage of time, these lessons help us in grooming and maturing ourselves. Trading is no different. Giving up should never be an option and every great achievement demands time plus perseverance.

Kambal2000

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Quote from: kanayaTabitha on November 04, 2019, 11:33:16 AM

Quote from: Clark05 on November 04, 2019, 10:10:36 AM

We are people and we are emotional and that's normal for us for being emotional. But applying it to the trading is not a good Idea and help to you because a trader who are emotional cannot avoid losing more money because if they are emotional they will be panic and sell the coins even that is not a good price or very low value.

Controlling emotion in daily activities is an easy task, but when it related to wealth or money, i think most of people will blind and follow their lustness. So controlling emotion on trading needs much experience of tradings and need much experienced of losses so they can feel the lost and feel the pain. If they never feel the pain of losing opportunity to get profits they will not able to control emotion because they always want more and hoping their coin can go up further

Experience is still the best teacher to everyone of us, beginner in trading may sometimes lose hope, and cannot control themselves, but as you continue to practice trading everyday, you will have the confidence and little by little you will learn how to control your emotion, there's no instant on it, but as time is passing by you will eventually overcome it. Just continue your path and passion to do trading, there is no magic, in time you will be a successful trader just don't give up.

kanayaTabitha

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Quote from: Clark05 on November 04, 2019, 10:10:36 AM

We are people and we are emotional and that's normal for us for being emotional. But applying it to the trading is not a good Idea and help to you because a trader who are emotional cannot avoid losing more money because if they are emotional they will be panic and sell the coins even that is not a good price or very low value.

Controlling emotion in daily activities is an easy task, but when it related to wealth or money, i think most of people will blind and follow their lustness. So controlling emotion on trading needs much experience of tradings and need much experienced of losses so they can feel the lost and feel the pain. If they never feel the pain of losing opportunity to get profits they will not able to control emotion because they always want more and hoping their coin can go up further

doomistake

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Quote from: Apened on November 02, 2019, 02:34:10 AM

Quote from: ufaiz50 on November 02, 2019, 01:39:07 AM

Usually to control emotions to be more rational is to trade when the mood is good. In practice controlling emotions is very difficult, it is different if we know it in theory. Experience is a good key to controlling emotions while trading.

Actually there are many problems in trading but emotions are the final determinant of how you will act in the market. Emotions sometimes also lead us to great losses, or can be to great benefits.

Exactly, i will going to add more. In able to control emotions don't act the way emotions tell us. First check the analysis(learning how to read charts is a must) for a trader. In that method you will have an idea that will let your emotions somehow to cooldown then after that make a plan A and B as much as you can. Don't sell at any price or act quickly unless it was continuous dump or pump. What goes up or down will take its time to get back there's still time for a person to think unlike using emotions that in any price without planning and thinking that it might be a trap for your emotions to be caught and that's how whales makes money to fool people esp. Emotional traders.

Very well said.

It is us who should control our emotions, not emotions controlling us what to do, that is dangerous for us to continue trading, if we do, our capital will most likely on the verge of losing, but it will take some time before a person reach that level, where he calmly handle every single situation he is at in Trading, he always execute his plan properly, making his profits secured all of the time.

New traders nowadays are too aggressive and want things to be rush, that is why it backfires on them.

Clark05

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We are people and we are emotional and that's normal for us for being emotional. But applying it to the trading is not a good Idea and help to you because a trader who are emotional cannot avoid losing more money because if they are emotional they will be panic and sell the coins even that is not a good price or very low value.

Apened

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Quote from: ice098 on November 04, 2019, 07:25:05 AM

Quote from: Shasha80 on November 01, 2019, 05:36:24 PM

In the world of trading, problems regarding how to control emotions are common and occur a lot. Indeed, it must be recognized if there is
one of the coins pump is very high, or the price of this drastic increase will make most people become FOMO because they want to get
profit right away. That's why a lot of whales manipulate the market to lure FOMO people. It's really easy so we can control emotions when
trading. Do not be panicked when you see prices rise or fall still follow the initial plan that we have create. And always think positively of the
analysis that we have made, do not be influenced by the analysis of others which is not necessarily true. If our emotions can be controlled
properly, usually the results we get are also good.

Do not get easily swayed and fooled by fud, bad news regarding crypto and so much , we need to prepare our minds and our hearts. Lossed cannot be prevent but we can be prepared for that when it happens. We can never tell what the market will , a lot of anxieties will be feel we need to be stronger tham them.

Fuds from the news are already given the emotions how we will react are the one we should know how to control. We can actually avoid panics if we just allow ourselves to have always a plan whenever we enter the market. Minimizing our emotions plus adding it to our strategy will works best.

Edraket31

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Quote from: ice098 on November 04, 2019, 07:25:05 AM

Quote from: Shasha80 on November 01, 2019, 05:36:24 PM

In the world of trading, problems regarding how to control emotions are common and occur a lot. Indeed, it must be recognized if there is
one of the coins pump is very high, or the price of this drastic increase will make most people become FOMO because they want to get
profit right away. That's why a lot of whales manipulate the market to lure FOMO people. It's really easy so we can control emotions when
trading. Do not be panicked when you see prices rise or fall still follow the initial plan that we have create. And always think positively of the
analysis that we have made, do not be influenced by the analysis of others which is not necessarily true. If our emotions can be controlled
properly, usually the results we get are also good.

Do not get easily swayed and fooled by fud, bad news regarding crypto and so much , we need to prepare our minds and our hearts. Lossed cannot be prevent but we can be prepared for that when it happens. We can never tell what the market will , a lot of anxieties will be feel we need to be stronger tham them.

Exactly, let us always remember that whalers or day traders would do anything for them to buy at cheaper price, so they will create panic in the community by doing some fud, so it will be up to you if you will fall from this trap.

Controlling your emotion is the best way to do trading, once you overcome it, you will definitely enjoy and become successful in it.

Karmakid

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One of the effective ways for me to control my emotions while I am trading is I don't look at the charts that often. I just set my take profit target and also the stop loss and after that I just do the other tasks that I needed to do. I always do this in order to avoid getting so emotional because the more you look at the chart, the more you will stressed out your brain and that is when you tend to make inappropriate decisions.

ice098

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Quote from: Shasha80 on November 01, 2019, 05:36:24 PM

In the world of trading, problems regarding how to control emotions are common and occur a lot. Indeed, it must be recognized if there is
one of the coins pump is very high, or the price of this drastic increase will make most people become FOMO because they want to get
profit right away. That's why a lot of whales manipulate the market to lure FOMO people. It's really easy so we can control emotions when
trading. Do not be panicked when you see prices rise or fall still follow the initial plan that we have create. And always think positively of the
analysis that we have made, do not be influenced by the analysis of others which is not necessarily true. If our emotions can be controlled
properly, usually the results we get are also good.

Do not get easily swayed and fooled by fud, bad news regarding crypto and so much , we need to prepare our minds and our hearts. Lossed cannot be prevent but we can be prepared for that when it happens. We can never tell what the market will , a lot of anxieties will be feel we need to be stronger tham them.

alan2here

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WorkAsPro

Quote from: Karmakid on November 03, 2019, 11:52:19 PM

One of the effective ways for me to control my emotions while I am trading is I don't look at the charts that often. I just set my take profit target and also the stop loss and after that I just do the other tasks that I needed to do. I always do this in order to avoid getting so emotional because the more you look at the chart, the more you will stressed out your brain and that is when you tend to make inappropriate decisions.

I also often do this to be more comfortable in trading because focusing too much on the chart will make your psychology easier to panic. I went through this stage last year and it was really a very bad time for myself because losing money in this market was the saddest thing for me in the crypto market. I am now more stable and always have a plan when investing to reduce big risks.

This time you should be careful in trading because the sudden fluctuations of the market will cause you to suffer a lot of great losses and should use the knowledge learned to avoid panic when investing.

zeze18

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Quote from: Karmakid on November 03, 2019, 11:52:19 PM

One of the effective ways for me to control my emotions while I am trading is I don't look at the charts that often. I just set my take profit target and also the stop loss and after that I just do the other tasks that I needed to do. I always do this in order to avoid getting so emotional because the more you look at the chart, the more you will stressed out your brain and that is when you tend to make inappropriate decisions.

Yeah this is what i was implemented in my trading strategy also, just make a decision before the chart move. Make a sell target and set a stop loss.
And don't forget to avoid to read the chat box on exchanges they might be make you change your decision because of their words. So we have to consistent with our decision before

miningguru

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Quote from: supercanada1 on November 02, 2019, 11:13:07 AM

Quote from: Kambal2000 on November 01, 2019, 01:38:04 PM

Trading is really hard and I cannot say not to panic or be afraid and just keep going, to just trade and trade and ignore your feelings, because that will worsen everything, so the least thing we can do if we are not feeling well, worried too much is to relax and stop trading for a while, have some rest, go out with your family and eat your favorite food. Make sure to clear your mind before doing trading.

Trading is not hard. Once you have a lot of knowledge regarding your profession, then it becomes easy to take right decisions at right time. In order to perform better than others, you need to spend more time trading as compare to them. I also don't think that we humans can ignore feeling, we should take every sort of experience positively. Mistakes give lessons. In digital market, choosing the right coins matters the most. I suggest bitcoin.

Yes, as a human being it is impossible for us to control our emotions when we made any mistakes we should realize them and start moving towards because in trading every time it is impossible for us to make profits. So based on the fluctuations and market situation we should keep our buy orders and sell orders.

riso2015

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Quote from: alexsandria on November 03, 2019, 10:04:00 PM

Pretty hard to overcome specially if you're really devastated of what had happened. The only thing I can think of possiby to somehow control your emotion is that take a little break, go away from what you're currently doing, look outside, eat something. Emotions are pretty tough to control but you can somehow aid it with a little break, so that, it won't have a huge effect in your trading.

Entertaining yourself I think is the most appropriate way to control our emotions. We can do it by playing games
or refreshing to the beach that can make your mind calm. With a calm mind, you will easily control your emotions when trading.

silversurfer1958

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I have had experience for over 1 year trading in the crypto market. I was caught up in a whirl of greed first and didn't accept defeat. I kept trading in an unstable mood and wanted to win. but it's all nonsense when I'm losing more and more.
I realized and spent a week to contemplate my deals. I realized I was in a hurry and trading was unplanned and disciplined.
Those are the things that cost me the most. so when starting trading, you should set your discipline and follow the plan, absolutely do not do otherwise and your state must always be calm whether winning or losing.

alexsandria

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★777Coin.com★ Fun BTC Casino!

Pretty hard to overcome specially if you're really devastated of what had happened. The only thing I can think of possiby to somehow control your emotion is that take a little break, go away from what you're currently doing, look outside, eat something. Emotions are pretty tough to control but you can somehow aid it with a little break, so that, it won't have a huge effect in your trading.

doomloop

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Quote from: Kambal2000 on November 01, 2019, 01:38:04 PM

Trading is really hard and I cannot say not to panic or be afraid and just keep going, to just trade and trade and ignore your feelings, because that will worsen everything, so the least thing we can do if we are not feeling well, worried too much is to relax and stop trading for a while, have some rest, go out with your family and eat your favorite food. Make sure to clear your mind before doing trading.

We cannot deny this fact that we all are humans not robots so we cannot ignore feelings such as anxiety and frustration. We are for sure often relying on our feelings in order to get some intuitions type things. In order to avoid stress caused by trading, I would also strongly recommend going for outing or doing stuff that makes you happy. Never try trading with bad mood because it will make you take wrong decisions.

aysg76

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Controlling your emotions while trading is most important thing which a trader cannot ignore if he want to survive in the market making profits.If trader gets panic in dump situation he will suffer loss or maybe he get away from market so he need to stay calm even in worst situations and hodl their coins to get high returns when price surge and bull run hit the market.

Topic: How to control your emotions while trading?👨🏼‍💻 - page 4. (Read 2036 times)