You can't control them unless you embrace them, and become aware of what you're doing and why, at the time you're experiencing the FOMO. you can arbitrarily force yourself from trading in case of a loss. take a breath and hit the treadmill. if you lose a trade, hit the treadmill for 10 minutes or so. it'll do wonders for your state of mind.
Furthermore you shouldn't worry about your trade and focus on yourself. if you get yourself in the right mindset, then your trade will follow you. occasionally you'll get a few situations you can't deal with along the way but hey, it happens, don't worry about it. you should use whatever means you use to calm yourself down whether its deep breaths, your favorite music, happy thoughts or something you know you better than we do.
Topic: How to control your emotions while trading?👨🏼💻 - page 6. (Read 2064 times)
Controlling emotions while trading is a very simple thing, for this user needs to have patience to yield profit. Users always want instant profit, this is where the risk of losing happens. Day traders go with large volume funds with small margin profit. When we're doing trade with small capital we should be prepared to buy and hold to sell at the right price.
Emotions can be controlled in other way investing on the top altcoins and trading. Regularly there will be small scale fluctuations. We need to observe the market moves closely. This will help in execution of the trade at the right price to profit good.
Emotions can be controlled in other way investing on the top altcoins and trading. Regularly there will be small scale fluctuations. We need to observe the market moves closely. This will help in execution of the trade at the right price to profit good.
To control my emotions in trading I immediately plan for possible events. Just like the sudden rise in prices I find out the causes and whether they should really sell. And in the fall I do the same thing so I know how deep I think it will fall. I am satisfied with my income, so I do not want to get bigger because it can cause losses. It's just like the gamble "When I win I quit".
But it is said that, you can earn big if you risk big that means you have no fears and no limitations. May be if you will trade more, you will earn more. Moreover, trading is not like gambling because trading depends on the skill-sets of trade while gambling is all about the luck of gambler. Still if you want to play safe game as you are, it is not bad at all as you are earning money and improving your life. Experience that will provide learning how to stay accustomed to the market conditions we will face. because that way we will understand how the sensation of being able to still be able to control our emotions. because now there are so many theories that in my opinion can not provide direct experience how to control one's emotions
You need to have a good experience to have a level head when you are trading and you have to be free of pressure not to panic and sell when you see the market going down, if you enter the market at a good time then there is no way you will end up in a loss and in order to trade with patience you need to have a good financial stability so that you are able to hold for a long period of time and if you are able to do that then you will reap the benefits of this market. 
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.👨🏼💼
To control my emotions in trading I immediately plan for possible events. Just like the sudden rise in prices I find out the causes and whether they should really sell. And in the fall I do the same thing so I know how deep I think it will fall. I am satisfied with my income, so I do not want to get bigger because it can cause losses. It's just like the gamble "When I win I quit".
Experience that will provide learning how to stay accustomed to the market conditions we will face. because that way we will understand how the sensation of being able to still be able to control our emotions. because now there are so many theories that in my opinion can not provide direct experience how to control one's emotions To control my emotions in trading I immediately plan for possible events. Just like the sudden rise in prices I find out the causes and whether they should really sell. And in the fall I do the same thing so I know how deep I think it will fall. I am satisfied with my income, so I do not want to get bigger because it can cause losses. It's just like the gamble "When I win I quit".
Always targeting high profit sometimes makes it difficult for us to be able to control our emotion, and we always fail to execute trade when we are meant to execute it which may eventually lead us to making the wrong decision and falling as victim of panic. Since we are humans, it is really very difficult to control emotion, and no one is perfect in doing this, we only try as much as possible to use some certain tools to cover our shame which one of the tool that I do use to actually cover my secret is that of stop loss too, and also the profit taking tool, and that is why I can never use any exchange that does not have this tool in place, because if I do, I will only end up shooting myself in the leg by falling for my emotion which I don’t think I can naturally control.
To control my emotions in trading I immediately plan for possible events. Just like the sudden rise in prices I find out the causes and whether they should really sell. And in the fall I do the same thing so I know how deep I think it will fall. I am satisfied with my income, so I do not want to get bigger because it can cause losses. It's just like the gamble "When I win I quit".
Just avoid having greed so we will have satisfaction with our gains even though how small it is as long as it gives us profit. Eventually as you continue your tradings, you can increase your buying capability for adding up your capital and earn potential high gains, once the market remarkably touch the top value. Always set all your goals accordingly, by optimizing your funds because if you do it successfully I believed you won't regret that decision. Learn all of the possible ways to handle situations, that you think could affect your trading capacity.
Try to create a plan each time you enter the market, and stick to it. It helps to keep calm. If necessary, apply for some trading tools to feel more comfortable and confident. For example, I have recently explored for myself info bot launched by the exchange I use - https://t.me/CexIoInfoBot. I like the idea of monitoring the changes that occur in the crypto market and price movements. Also, I noticed I feel calmer now because if something new will happen in the market, I will be informed.
To control it we must train it by experience.
I'm comparing my trades history between 2 years ago and right now.
I used to buy 1 coins and panic sell when the price drop a bit and move to a bullish coin but when i bought it the price got dropped also.
So day by day i keep practicing my trading analysis and see the market movement , right now it's a lot of better in terms of the risk management
I'm comparing my trades history between 2 years ago and right now.
I used to buy 1 coins and panic sell when the price drop a bit and move to a bullish coin but when i bought it the price got dropped also.
So day by day i keep practicing my trading analysis and see the market movement , right now it's a lot of better in terms of the risk management
Emotional control is not easy because now it is one of human nature. if there is a decline in our assets there will certainly be panic in ourselves. experience is what will make emotions will be controlled. because if we are not used to the feeling of emotion will not disappear. everyone must experience it when trading
Indeed. it needs to be experience not just experience of others. every traders done this experience and we need to endure the pain and start over and learn. everyone that trades here have their own bad situation everytime they enter the market. lets insure that we have information of all strategies that what we need.
https://c.radikal.ru/c11/1910/12/39d80ac8b744.png
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.👨🏼💼
I totally agree with this opinion. But in fact, it's really hard not to compare with other
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.👨🏼💼
I totally agree with this opinion. But in fact, it's really hard not to compare with other
Controlling emotions when trading is easy if you already know "cause" and "effect".
first you have to stay calm, use your own analysis because with your own analysis you will not follow FOMO, from this analysis you will be able to determine whether this trend is Up or Down. when trading, it is better if you set the stop limit loss option to minimize excessive losses.
read news about economic movements which can affect the price or not, and remember don't make a decision without analyzing, a lot of news that is less valid will eventually be trapped in the wrong situation.
That is true. However, it takes some time before a person can really understand cause and effect. Not only this, acknowledging the reality even after knowing it is also a gutsy task. Sometimes, we simply deny the truth because we do not want that to be the truth. Only a mature person can understand reason and act accordingly. The best way to control emotions is to remind oneself everyday how important this is.first you have to stay calm, use your own analysis because with your own analysis you will not follow FOMO, from this analysis you will be able to determine whether this trend is Up or Down. when trading, it is better if you set the stop limit loss option to minimize excessive losses.
read news about economic movements which can affect the price or not, and remember don't make a decision without analyzing, a lot of news that is less valid will eventually be trapped in the wrong situation.
To control my emotions in trading I immediately plan for possible events. Just like the sudden rise in prices I find out the causes and whether they should really sell. And in the fall I do the same thing so I know how deep I think it will fall. I am satisfied with my income, so I do not want to get bigger because it can cause losses. It's just like the gamble "When I win I quit".
Just avoid having greed so we will have satisfaction with our gains even though how small it is as long as it gives us profit. Eventually as you continue your tradings, you can increase your buying capability for adding up your capital and earn potential high gains, once the market remarkably touch the top value. Always set all your goals accordingly, by optimizing your funds because if you do it successfully I believed you won't regret that decision. Learn all of the possible ways to handle situations, that you think could affect your trading capacity.
In my trade and in my investment, I never take action as regards news without me ever verifying the truthfulness of the news first.
Doing your own research is always the best thing to do. Some people don't bother to research on their own and their only mindset when trading is to earn. News just causes people to panic and if we let our emotions affect that news, only the people behind it will benefit. They want to buy at the price they want so they spread fuds with an unreliable resource.
Don't be influenced by the news, I always ignore it, your word is true, they spread fud, but the fact that the news does not occur in the market, I always control emotions when trading, because panic and emotional feelings must be guarded, trading must be with a clear mind and relax .
news will train mentally and test intelligence in the minds and maturity of traders so that they are not influenced by any news to find the truth so they don't make wrong decisions.
always learn from mistakes and experience in your knowledge and
doing your own research is always the best thing to do so that no mistakes are made again.
To control my emotions in trading I immediately plan for possible events. Just like the sudden rise in prices I find out the causes and whether they should really sell. And in the fall I do the same thing so I know how deep I think it will fall. I am satisfied with my income, so I do not want to get bigger because it can cause losses. It's just like the gamble "When I win I quit".
Just avoid having greed so we will have satisfaction with our gains even though how small it is as long as it gives us profit. Eventually as you continue your tradings, you can increase your buying capability for adding up your capital and earn potential high gains, once the market remarkably touch the top value. Always set all your goals accordingly, by optimizing your funds because if you do it successfully I believed you won't regret that decision. Learn all of the possible ways to handle situations, that you think could affect your trading capacity.
position together with the chance of earning from this industry. Let things happened according to what you think you have the edges.
Controlling emotions when trading is easy if you already know "cause" and "effect".
first you have to stay calm, use your own analysis because with your own analysis you will not follow FOMO, from this analysis you will be able to determine whether this trend is Up or Down. when trading, it is better if you set the stop limit loss option to minimize excessive losses.
read news about economic movements which can affect the price or not, and remember don't make a decision without analyzing, a lot of news that is less valid will eventually be trapped in the wrong situation.
That is true. However, it takes some time before a person can really understand cause and effect. Not only this, acknowledging the reality even after knowing it is also a gutsy task. Sometimes, we simply deny the truth because we do not want that to be the truth. Only a mature person can understand reason and act accordingly. The best way to control emotions is to remind oneself everyday how important this is. first you have to stay calm, use your own analysis because with your own analysis you will not follow FOMO, from this analysis you will be able to determine whether this trend is Up or Down. when trading, it is better if you set the stop limit loss option to minimize excessive losses.
read news about economic movements which can affect the price or not, and remember don't make a decision without analyzing, a lot of news that is less valid will eventually be trapped in the wrong situation.
Hmm might be but we also can understand the market movement from our own feelings if we are in control of it.We have to just act to the opposite of what we are doing that is how whale move the market,having stop loss can save us from great losses but we still have to active to be in profits that is what a trader supposed to do
It has been tried out already, and no, it doesn't appear to work. For example, you are inevitably losing in the long run, so you set up a system which automatically changes your orders into their opposites without you even being aware of it (or someone else sets it up for you to try out this approach). So when you buy something, the system sells it, and vice versa (let's assume you can both sell and buy)
Does it mean you will stop losing?
⠀
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.⚠️
As for fomo for trading, the solution is to give hope for another opportunity. Although, this isn't very easy for a newbie to understand but for an experienced person that has lost at different times, you can understand that a chance missed is not profit lost but an opportunity to try later.
In my trade and in my investment, I never take action as regards news without me ever verifying the truthfulness of the news first.
Doing your own research is always the best thing to do. Some people don't bother to research on their own and their only mindset when trading is to earn. News just causes people to panic and if we let our emotions affect that news, only the people behind it will benefit. They want to buy at the price they want so they spread fuds with an unreliable resource.
Don't be influenced by the news, I always ignore it, your word is true, they spread fud, but the fact that the news does not occur in the market, I always control emotions when trading, because panic and emotional feelings must be guarded, trading must be with a clear mind and relax .
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