How to control your emotions while trading?👨🏼‍💻 - page 9.

watergold

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Quote from: Wawa2013 on October 14, 2019, 05:42:01 PM

My sense of panic in trading in my opinion is common when prices start to fall deeply or when prices soar and have not had time to buy the coin. And seeing my chart really helped me when I started trading. But if we hear good or bad news sometimes it's affected or I ignore it a little. But I believe I have expertise in trading even a little

We have to be able to endure the panic. Even I often happen as you say, buying late continues to soar, goes down badly when I have a coin, but it is sometimes affected by emotions that cannot be controlled, but for now I can handle all of that. find a good strategy for trading and always read the chart if you have analyzed it.

Wawa2013

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My sense of panic in trading in my opinion is common when prices start to fall deeply or when prices soar and have not had time to buy the coin. And seeing my chart really helped me when I started trading. But if we hear good or bad news sometimes it's affected or I ignore it a little. But I believe I have expertise in trading even a little

xSkylarx

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Quote from: bitbunnny on October 14, 2019, 02:21:08 PM

Control comes with experience. At the begininig, when you first start to trade, no matter how hard you try your emotions will probably be stronger than you. And that is quite normal I would say.
As you gain knowledge and experience along the way you will get calmer, not so exposed to stress and it will be easier for you to maintain the cool head. When you get familiar with market and coins you will control your emotions much more efficient.

Emotion is your reaction on certain situations and controlling them is more difficult if money is involved on it. For me to control your emotions in trading is to trust your skills on it, don't listen to some fuds or sudden dumps or else you will really lose money. If those things affects you more than your own skills then it would be better if you'll just stop trading to avoid bigger loss.

LogitechMouse

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Experience and adjustments is still the solution to be able to control your emotions in trading.

Yes when you trade for the first time in trading, obviously you can't control your emotions and it will end up losing but time after time you will have more experience and you will be able to adjust yourself too when it comes to trading and there will be a time that you can control it when you are trading. I know it is hard to achieve but if you really want to be a professional trader in the future, you must learn how to adjust and become emotionless.

rodel caling

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Emotions is part of being human but to avoid this use mind not heart and follow the plan and need to be brave as trader and condition as crypto trader is normal the price is highly volatile up and down movement in the market.

Quote from: Wawa2013 on October 14, 2019, 05:42:01 PM

My sense of panic in trading in my opinion is common when prices start to fall deeply or when prices soar and have not had time to buy the coin. And seeing my chart really helped me when I started trading. But if we hear good or bad news sometimes it's affected or I ignore it a little. But I believe I have expertise in trading even a little

To avoid panicking do not listen a lot of news, I suggest to monitor your own way at the coin ameket cap all about the price of each coins. Falling down of the price value is normal we need to extend our patience and wait for the other time if the price of the coin traded is falling down. Always put an margin much percentage want to earn avoid wasting time.

teosanru

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I think most of the traders Don't realize that trading is not about your skills it's more about your emotional intelligence. It's about how you can control them and channelize them in a fruitful manner. I generally ask people to set down certain rules while they are new into trading and follow these rules strictly. Not only will these rules get inscribed in your trading nature but they would also make you much more efficient in long term. In trading people have to make decisions pretty quick so it's best that everything remains mechanical and such rules would make your trading mechanical free from emotions.

bitbunnny

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Control comes with experience. At the begininig, when you first start to trade, no matter how hard you try your emotions will probably be stronger than you. And that is quite normal I would say.
As you gain knowledge and experience along the way you will get calmer, not so exposed to stress and it will be easier for you to maintain the cool head. When you get familiar with market and coins you will control your emotions much more efficient.

Karmakid

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Quote from: Ashong Salonga on October 14, 2019, 04:48:23 AM

For me we can able to became a great trader if we can control our emotions , and i think the best thing to control our emotion is to always focus and to always have a goal in trading, let's always set a goal how much profit we want so we can able to avoid being greedy at all.

I agree. Setting a step by step for a goal is the best way to control our emotions because if we have steps to follow then we don't have to feel our emotions because we will become too focused or concentrated to thinking about following the steps and overcoming them to reach a certain goal. I have tried this kind of method and it is effective because you have a clear path to follow.

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Quote from: iamsange on October 10, 2019, 09:31:37 AM

I never can control my emotion until now. Don't know why i am panic every coin that i bought is down. It is feel like i am not patient or maybe always see it and wait for price increased, but more aware if price keep down. Then i cut loss.

I think panic selling is the big obstacle in the trading platform. You cannot make profit without patient. When you buy than you feel now market will go down. Yeah, it’s very normal thing which is happened with in every single trader. But you have to wait for increase when you will be take to decide if you think this is the perfect time to sell. Personally i recommend top ranking coins is the best way to start trade without no panic because those are coin will never big down.

el kaka22

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It is not as easy as it sounds but normally what I would do is have a movie or a tv series open somewhere else. It really works wonders and you wouldn't believe how effective it is.

If you are trading and not doing that well and there is a movie going on open on the other tab, just click that and suddenly you are watching something that will make you forget about the trades you were just doing, it is not really that difficult to do if you have netflix, just open anything you can click and when that ends it will suggest a new one and it will cycle like that forever, so in the end there is something going on there taking your mind off the deal, which is a great deal because you normally can't stop and constantly think about that horrible trade you just did or that coin which fell in price, but when there is a movie going on you can just focus on that.

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indeed something that is very difficult to be aware of is emotion, because this emotion will make many traders lose because it can make many traders easily influenced by various issues, to be able to control this you should not see too often and think about your assets in the exchange, let your assets and don't forget to make a sell order at a high price.

Apes

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Quote from: strunberg on October 14, 2019, 09:26:09 AM

I am trading only when i am feel happy.my mind soo fresh and i could thinking every thing clearly.so i am not in hurry make trading analisys and ofcourse its result will be better.maybe traineed our focus and concetration by joining special class like yoga will help our capability to controll our emotion.but its not neccessary as long as we know our self character.

true, It just like me, becouse trading is not my daily job, when do a trading requires good mood to start it. when trading I have to make sure I have plenty of free time to start, I won't start if I'm in a hurry. in that way I will be patient to wait for price changes from time to time. because I think trading must be patient or you won't get anything.

strunberg

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I am trading only when i am feel happy.my mind soo fresh and i could thinking every thing clearly.so i am not in hurry make trading analisys and ofcourse its result will be better.maybe traineed our focus and concetration by joining special class like yoga will help our capability to controll our emotion.but its not neccessary as long as we know our self character.

NathanJB

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Quote from: nelson4lov on October 14, 2019, 04:21:10 AM

Quote from: Rebisco on October 14, 2019, 03:20:55 AM

Mastering your trading psychology is the best way for you to control your emotions. Emotions have important role when we are trading, it can serve as strength or weaknesses. We can create good decision if we know how to manage it.

Emotions, when not properly managed or controlled can take a toll on one's trading career. You might be good at TA – making beautiful setups with profit potential. But then everything gets messed up when you get too emotional and lose at the end. That's one of the important aspects. Being knowledgeable about trading is important, keeping your emotions in check is important as well. I don't leave anyone out. I try to be calm when trading. Don't get too happy, excited or sad. Humans tend to make rash decisions at those instances.

Emotions, whether positive or negative, will bring nothing but negative effects to trading. In trading, only objective analyses are allowed and needed. Happy and sad emotions, bullish and bearish emotions, hopeful and desperate emotions, and so on have no place in trading. But it is extremely hard to just switch off emotions while trading. We are human after all. There will always be a smile on your face when you do the right thing and that's already emotion showing right there. We just need to keep it at the minimum level.

Ashong Salonga

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For me we can able to became a great trader if we can control our emotions , and i think the best thing to control our emotion is to always focus and to always have a goal in trading, let's always set a goal how much profit we want so we can able to avoid being greedy at all.

nelson4lov

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Quote from: Rebisco on October 14, 2019, 03:20:55 AM

Mastering your trading psychology is the best way for you to control your emotions. Emotions have important role when we are trading, it can serve as strength or weaknesses. We can create good decision if we know how to manage it.

Emotions, when not properly managed or controlled can take a toll on one's trading career. You might be good at TA – making beautiful setups with profit potential. But then everything gets messed up when you get too emotional and lose at the end. That's one of the important aspects. Being knowledgeable about trading is important, keeping your emotions in check is important as well. I don't leave anyone out. I try to be calm when trading. Don't get too happy, excited or sad. Humans tend to make rash decisions at those instances.

matchi2011

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Quote from: Rebisco on October 14, 2019, 03:20:55 AM

Mastering your trading psychology is the best way for you to control your emotions. Emotions have important role when we are trading, it can serve as strength or weaknesses. We can create good decision if we know how to manage it.

We can create positive approach even we see a suffering market if you have a good understanding what market can bring you. Never to rush it is important to master good skills to anticipate profitable positions, both up and down from the market can give you sign to place your entry.

Take every knowledge especially on how to manage and control yourself while working around the exchange.

Rebisco

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Mastering your trading psychology is the best way for you to control your emotions. Emotions have important role when we are trading, it can serve as strength or weaknesses. We can create good decision if we know how to manage it.

EdvinZ

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Tips in the first post are very important for emotionless trading. It is important to understand that the market cannot be analyzed and predicted with 100 percent accuracy. You need to enjoy any profit and then you will have a positive motivation. The advice about constantly not checking the price of assets is very appropriate, because it can drive the trader to neurosis. And of course you need to follow your trading strategy, and not give in to minute emotions. In the end, the profit from the market is derived by those who know how to wait and invest money, adhering to all the rules of investment.

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Quote from: nreal on October 13, 2019, 12:11:17 PM

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.

That could be work for some people because I see that many traders cannot stop themselves in trading when they lose. The traders will want to continue trading because they know that they have a chance to recover their losses. That is what we don't realize, and if we see that we lose, our emotions will not stable, and it could lead to getting another loss. What we need to do is stay calm for a while, close the market, and leave your computer. That could help your emotions reduces, so when you come back to the market, and you will have the ability to control your emotions.

There are many other methods on how to control emotions while trading, and I think we have a different method of controlling emotion. If you feel you cannot succeed in controlling emotion with one method, you can try the other method as you need to manage your emotions.

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