Topic: How to get rid of emotions when trading - page 27. (Read 3922 times)
Sometimes you need emotions when trading, as it allows you to understand the emotional market sentiment, however for the most part, it leaves you hanging onto bags which you would otherwise have dumped at the first sign of trouble. The truth is, you should keep a balance between the two, particularly when trading more volatile coins. You probably don't need to use much emotion when trading Bitcoin or Ethereum for example. That's probably why it's best for emotional people to try hands off approaches, so they don't screw themselves over.
I think experiance is the best way to put your emotions aside when trading. There is no such thing you Will not have emotion at your first trades.
Best thing is for you to establish a system that suits you and than stricly follow it for entry trades and out trades. When you stricly follow the rules no mather what then emotions are no longer playing so important part of your trading.
Good trades to all…..
Best thing is for you to establish a system that suits you and than stricly follow it for entry trades and out trades. When you stricly follow the rules no mather what then emotions are no longer playing so important part of your trading.
Good trades to all…..
Create a strategy and follow it always, 100% of the times. You can tweak it, backtest it but once you have your strategy, do not ever do something that's not in your strategy. This is the only way to get rid of emotions. Your strategy is mathematical, it's based on technical or fundamental analysis and other patterns, as long as you follow your strategy, you are not using your emotions. Obviously the hard part here is to actually follow your strategy. It's not as easy as it seems but it's the best way to do it.
Unpredictable things might happen along the way, just be attentive and knowledgeable, we should know what we will react in every situation that may come in trading.Not really, though. What can really happen? If you are trading using a strategy, you have stop losses set and you also know when to take profits on the way up, even if the market randomly crashes 20% it doesn't matter because you have your stop losses. A strategy is the best way to trade, almost no one can do it though.
Also don't depend on other opinions about their guess price and criticizing the coin. always believe on your coin and don't make panic selling. don't let emotions controls your strategies.
As long you are not a robot you can not separate yourself from your emotion, you can only grow up and take charge of your emotion by controlling it rather than allowing your emotion to control you.
The only way of doing so, is just to be relax while you are trading and just try to think on the profit that you are going to make per trade, that is the only way after all, i am 100% sure.
Create a strategy and follow it always, 100% of the times. You can tweak it, backtest it but once you have your strategy, do not ever do something that's not in your strategy. This is the only way to get rid of emotions. Your strategy is mathematical, it's based on technical or fundamental analysis and other patterns, as long as you follow your strategy, you are not using your emotions. Obviously the hard part here is to actually follow your strategy. It's not as easy as it seems but it's the best way to do it.
Getting emotional for your money is normal but minding it for so long isn't. Getting rid of your emotions while trading might broke you. The right way to manage it is to control it example trading dedicate yourself into giving you heart and mind to pick the best suited for you being emotional on your loss won't give you knowledge instead learn from your mistakes and strong dedicate yourself from learning and soon controling your emotions will be natural.
I agree with you. We should know how to handle our emotions during the dip because it might affect our decisions in trading. Our handling of emotions would also affect our decisions on when to sell our hodling so we should just keep calm during this kind of situations.
Yes emotions are always there, we can not pass or ignore but we are human and stronger in this. You do not have to change your intentions to other things because it will not solve your problem with emotion when you're trading, rather than adjusting it slowly as much as you can. Knowing that there is nothing in the trade. No single trader has 90% profitable trades. That's why when you become a trader, you should consider your trade as a job and a lost trade as money.
Just like in gambling, emotions are really hard to control. It is also applicable in trading as well. Perhaps in you gain enough experience then you have a idea on how to control it. However, for newbies, its going to be very difficult. But one way of dealing with it, at least personally, is not to be greedy and have some sort of entry and exit strategy in place. If if those criteria are satisfy then I immediately go out. With this method, I tend not to involved emotions but everything is being plan and written on paper.
Never thought that one can write whole article on how to control an emotion while making the trades. 
Well usually I am just looking forward to get into the crypto trades with normal open positions. When it starts to fluctuate then I will watch the market closely, will try to get more and more update about it in the forum. If something critical is going to happen then I will simply shut that trade with lets say 2-5% loss which I always bear on me no matter what. When your views are clear then no one can really stop you. So yeah surely it is way good to do it that way. No emotions nothing!
Well usually I am just looking forward to get into the crypto trades with normal open positions. When it starts to fluctuate then I will watch the market closely, will try to get more and more update about it in the forum. If something critical is going to happen then I will simply shut that trade with lets say 2-5% loss which I always bear on me no matter what. When your views are clear then no one can really stop you. So yeah surely it is way good to do it that way. No emotions nothing!
I hope it is that easy.
For some it's easy to move on if you can't hold them it's fine to show emotions just don't let it take over you while you're trading.I think getting rid of emotions when trading depends on trader if you invested more than you afford to lose, are in need of money you have emotions too.
It'll always depend on the trader since he's the one in charge of himself. This guide won't be helping anyone until it's followed and executed by the trader. A good management plan would help anyone that's looking to trade more than he can lose so he won't blow a big part of his budget and avoid getting emotional. Getting emotional for your money is normal but minding it for so long isn't. Getting rid of your emotions while trading might broke you. The right way to manage it is to control it example trading dedicate yourself into giving you heart and mind to pick the best suited for you being emotional on your loss won't give you knowledge instead learn from your mistakes and strong dedicate yourself from learning and soon controling your emotions will be natural.
I learn how to deal with my emotion as the time passed by specially when i met some reliable person when it comes to trading.Before ..when i am just a newbie in crypto i have a lot of fear specially on how to buy and what to buy asset.i'm afraid of losing my capital.Now,i just keep calm and continously searching for some knowledge about trading.
It is hard to detach emotion from yourself when you are in trading but you can learn how to control it. Controlling your emotions take time and need to remind yourself that emotions is not allowed when you are trading. Many traders are still struggling on how get rid of their emotions during trading and the most vulnerable are the newbies who are easily affected by sudden price movement of the cryptocurrency they are holding.
Its always not hard for people not to feel
emotional in whatever they are doing
But experience will help us to do that...emotional in whatever they are doing
Being an experienced trader will make help us to read the market condition very well and will help us to decide what will be best for the current situation of an market.For that all you need clear determination of what you have to achieve from your investment,don't do it just as an gambling then it may not help your to survive longer in this field.
Its always not hard for people not to feel emotional in whatever they are doing cause they are born with emotions. I think the only way for people not to have emotions is to prevent themselves from constantly looking up on the price of their bitcoins or altcoins because constantly looking up on them can cause emotional discomfort. And they should learn to ignore all FUDs cause ot can stir them up emotionally.
I hope it is that easy.
Cannot get rid of the regret when a sudden bull comes and I already exchange my token to another one.
Same goes for the dump side thinking I should have just withdrew and could have been buying more by now.
This kind of things happens without our controls and a human reaction of different kind of emotions is just normal.
I have just one key as always. There are crypto currencies that always go up. Example is bitcoin. Trade it there and hold it. It just takes a lot of time though.
Its not easy, its impossible to get rid of emotions, all we can hope for is a little bit of control. Extraordinary people can have more or full control over their emotions, but even that is short breath, who can have control 24/7? Cryptocurrencies are going up but not all the time, before rise they fluctuate a lot around some points, but most people would like to see prices rising all the time, but that is impossible. I made a lot of profit with mid and long term trading, invest in coins that have a future, sooner or later prices will rise, its all about waiting. Cannot get rid of the regret when a sudden bull comes and I already exchange my token to another one.
Same goes for the dump side thinking I should have just withdrew and could have been buying more by now.
This kind of things happens without our controls and a human reaction of different kind of emotions is just normal.
I have just one key as always. There are crypto currencies that always go up. Example is bitcoin. Trade it there and hold it. It just takes a lot of time though.
I hope it is that easy.
Cannot get rid of the regret when a sudden bull comes and I already exchange my token to another one.
Same goes for the dump side thinking I should have just withdrew and could have been buying more by now.
This kind of things happens without our controls and a human reaction of different kind of emotions is just normal.
I have just one key as always. There are crypto currencies that always go up. Example is bitcoin. Trade it there and hold it. It just takes a lot of time though.
Cannot get rid of the regret when a sudden bull comes and I already exchange my token to another one.
Same goes for the dump side thinking I should have just withdrew and could have been buying more by now.
This kind of things happens without our controls and a human reaction of different kind of emotions is just normal.
I have just one key as always. There are crypto currencies that always go up. Example is bitcoin. Trade it there and hold it. It just takes a lot of time though.
I can say that you can't rid of your emotions while doing something, just like trading. I can say that you should expect less when it comes to income, don't expect big, you'll only feel stress if you haven't got what you expect. It's better to have something that you don't expect. And also be wise and mindful when it comes to transaction, so you won't be fooled easily.
Yeah the expectation is too big may bring your emotions in, when the price is not in accordance with your expectations maybe you will release your emotions in the form of panic, so I think make a plan like a target price it will be very helpful, and do not forget to stay calm
I think getting rid of emotions when trading depends on trader if you invested more than you afford to lose, are in need of money you have emotions too.
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