Topic: How to get rid of emotions when trading - page 3. (Read 3936 times)
What worked for me is that i stopped putting in huge money when trading and i trade with a fixed amount, any additional gain i make from it, i take it out. so putting the money i can let go easily has get rid of emotional trading because emotional trading most times improves you thinking what you will lose should in-case the trading goes wrong. So putting amount you can get let go will make you not to bother.
Such skills are trained for a long time, but this is one of the main qualities of the trader. Also, emotional calm appears when knowledge and awareness of how the cryptocurrency market works increase.
If you cannot control your emotions while trading then you will be in loss. So always try to learn the market when it is going down and when the price is increasing. Otherwise, stay away from the market in order to control your emotions.
Most of the traders were loosing lots of money because of their emotions that tend to fail. If they're not acquiring good knowledge then they're prone to panic, and if that happens with them? Situation got worst and regrets will fall after wrong decisions takes place because of trading losses.
Emotions are very influential in all aspects because once we are carried away from it, all things can be affected.
I think we should apply the principle of being professional wherein all emotions and problems that we have are set aside in order to perform better in all aspects you have.
I think we should apply the principle of being professional wherein all emotions and problems that we have are set aside in order to perform better in all aspects you have.
You may think that their centralized blockchains are not as good as our decentralized ones. Well, you are unfortunately not quite right. You see, take a few European banks as an example. The ones I think of have recently formed a federation of 16 different bank conglomerates. They developed their own proprietary centralized blockchain. By doing so, they will likely solve a majority of current issues that the average Joe experience with banks, such as e.g. slow processing times, high transaction costs, and bad service. The only thing they are not solving is decentralisation of power and freedom for people, and hacker-proof solutions.
Instead of getting rid of your emotions you need to learn how to process them, because we are emotional creatures by nature, so what you need to do is to trade in such a way that you do not become passionate about what happens if your trade goes wrong and that means trading a low amount of money compared to your capital and to have a set of rules about what you're going to do with each trade.
Even those things won't eliminate emotions for 100% but they probably may have a positive effect, thank you for these tips.
Getting rid of emotion when trading is by learning how the trading and prices works. It is very important that you learn fist the trading and prices cause if you know how to deal with the two then when you do the trading there is no emotions involved. It is not hard to learn if you really want to learn it you will learn it but if you put in mind that trading is hard and risky it will defenitely hard for you.
In my opinion when you trade, you must determine and lose. You have to practice with the familiar feeling when the market down and feel it. Acceptance may be lost but sometimes successful. Little see the fortune and forget a time after that rascal.
because in trading we have to have a feeling of great patience and don't be too ambitious to get big profits. because if it is too ambitious then the results that will be obtained are not good and can lead to losses 
In my opinion when you trade, you must determine and lose. You have to practice with the familiar feeling when the market down and feel it. Acceptance may be lost but sometimes successful. Little see the fortune and forget a time after that rascal.
to be able to get rid of emotions when making a transaction you might be able to do it by listening to pop music which might make your mind relax and calm, don't panic easily so you don't get emotional when trading so you don't suffer a lot of losses.
You can think that emotional people cannot make money not only from cryptocurrency but from any field of life. Emotions and business are two different things. Just as in court decisions, there is no effect of emotions on the verdict of the case. Keep your emotions aside when you trade in crypto, otherwise you will lose your investment due to emotional decisions.
I think it better to control your emotion during trading than to get to get of it. Emotion will always be there and no one can detach from it. Learn to manage your emotions first before going to trade and learn also on disciplining yourself. Prepare your mind for any eventuality in your trading, accept whatever the result and learn from it. Every loss is a part of a learning process that will eventually make you wiser in your next trade.
If you cannot control your emotions while trading then you will be in loss. So always try to learn the market when it is going down and when the price is increasing. Otherwise, stay away from the market in order to control your emotions.
These are the tricks you learn in the business school but it does not mean that you cannot get rid of emotions crossing your way if you are not in the business school. I think one should amplify ones understanding about the market and only then you would be able to strategically speculate the next phase of the market. Besides, exploring what options are you left with before selling your coins is the most important step to make when you are loosing value. In such situation, all you do is to hold your assets and let the market recover.
Ofcourse i get some emotions when im entering in trading.Its hard to become a successful trader as now so many altcoins are dropping its price so my emotions not a good at all if I always see the potential of a coin has not enough value.
Whatever emotional factor has been minimized, you need experience of trading. The more transactions you make, the more stable your emotional state will be.
but if the market goes down again do you want to make transactions continuously? to get rid of emotions in trading it must be able to control ourselves in order to avoid losses when trading because most traders at the loss cannot control the enormous emotions in themselvesBut if those traders will fail to manage emotions, I don't think they could get rid of it. Panic is the final resort of everything and in order to neutralize their fears, we must motivate ourselves for the visions that we wanted for bitcoin. As of now it started to gain proper momentum and the recovery of the market starts to battle the bull trap which has been attacked by bearish sellers.
In my opinion, it is not advisable to keep track of the price, as a continuous decrease in pennies will cause you to disperse your thoughts, thereby making incorrect market decisions.
In order to be optimistic and objective you need to focus more on your preparation and selfishness, you can prepare the content of the transaction and do not let anything beat yours not stress 
Emotions are the most powerful thing in us. We can't control them, they control us. But they are relater with breath and body in general, this is the way we can do smth. When we breathing very deep and slow it affects our emotional state too
What a great post on emotion management!
Something to add: Just being able to get rid of your emotions or have good emotional management when trading doesn't guarantee profits at all times. The market is still very volatile and things can go other way even in sound mind. How you manage your emotions after each trade irrespective of the outcome matters as well. I would love it if the poster can share something on emotion management after trading. Thanks
Something to add: Just being able to get rid of your emotions or have good emotional management when trading doesn't guarantee profits at all times. The market is still very volatile and things can go other way even in sound mind. How you manage your emotions after each trade irrespective of the outcome matters as well. I would love it if the poster can share something on emotion management after trading. Thanks
one of the most important rule that must be observed is: to trade for those funds that you do not mind losing. In this case, you will avoid stress.
Nah, even though you do that. There is still a chance you will get stress because you lost your money especially if it's a big number of money that you regret to spend into trading. I mean yeah emotional is a human thing that you can't remove from your body and it's really difficult to control your emotion when that thing happens. Jump to: