Topic: How to get rid of emotions when trading - page 5. (Read 3922 times)
we must always prioritize security in trading, for example we must not be too greedy to pursue profit that sometimes we forget the logic that is happening, trading slowly looking for a little profit because this patience can save us from the abyss of destruction that can destroy us unpredictably, in business crypto with a potential price that very quickly changes the accuracy and patience that will win us so as to keep emotions from controlling us.
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.
Yeah, you're right. So it's better to have a enough knowledge and accurate informations in doing crypto trading so that every move that we takes will always be base in our skills and understanding. Never take an action that is behind our knowledge because most of the common results will be not good.
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.
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.
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.
I think the best thing I've ever done to get rid of emotions while trading is just to keep thinking positively, because when I got a loss, I will still optimistic to get a profit even though I have to be patient
Trading is way better than gambling, if you loss on short term you can still have a chance to wait for long term, as long as you do not selllower than your purchase price, you will last in crypto. Stick with your strategy and learn to control your emotion, the whales will manipulate the price in order to cause panic but with proper understanding, we won't be affected at all.
I think the best thing I've ever done to get rid of emotions while trading is just to keep thinking positively, because when I got a loss, I will still optimistic to get a profit even though I have to be patient
Our brain is hardwired to go into a fight or flight mode under stress, resulting in emotional responses like greed (taking too large risks), anger, fear (panic-closing) or fear of missing out. While this is a good thing when fighting lions in the savannah, it is a horrible thing when trading, and you need to make smart decisions and keep to your plan to keep making profits.
This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?
Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.
Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.
Active emotional detachment:
There is something called Tilt in Poker. Some players will actively try to insult players after bad beats to make the go tilt, or "emotional". This will result in very bad decision making. Maybe you remember Zinedine Zidane in his very last World Cup Game, head butting the italian player and getting sent of the pitch with a red card. The worst possible outcome. TILT.
If you still feel like you get emotional about trades, there are a few things you can do: Lowering your margins, lowering your leverage, take a break, breathing exercises, watch your favorite series or listen to music. Get a little distance to your trades, before continuing. NEVER trade on TILT.
How are you dealing with your emotions? Anything to add or to take away from this?
This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?
Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.
Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.
Active emotional detachment:
There is something called Tilt in Poker. Some players will actively try to insult players after bad beats to make the go tilt, or "emotional". This will result in very bad decision making. Maybe you remember Zinedine Zidane in his very last World Cup Game, head butting the italian player and getting sent of the pitch with a red card. The worst possible outcome. TILT.
If you still feel like you get emotional about trades, there are a few things you can do: Lowering your margins, lowering your leverage, take a break, breathing exercises, watch your favorite series or listen to music. Get a little distance to your trades, before continuing. NEVER trade on TILT.
How are you dealing with your emotions? Anything to add or to take away from this?
trading crypto or trading forex/stocks/commodities is always quite a nervous thing for anybody.
still I follow certain rules when trading:
1. create a trading plan (number of deals, required profit)
2. follow this plan
3. do not overtrade
4. trade only those trading instruments which you understand and which are in your trading plan
5. ready to get losses and understand how much you can lose
6. leave trading for some time if you are stressed or under any other emotions which are not even related with trading
Emotion in investment has a huge impact on trading results because when the market fluctuates too much psychological instability will cause investors to be very affected. Emotional control is essential so investors should train themselves before they actually invest.
Algo trading avoiding emotional 
Emotions will keep you in troubles and shorten your journey towards loss or missing of big opportunity to touch huge profit. This comes as a result of emotions that is panic selling in the low market which is actually not the solutions. The perfect solution is to hold for future if you really want to make profit then you will go for holding your coins till high market appears then you will sell for profit so better we wait.
trading is dictated by strategy, and most often it does not depend on your mood. your task is to create a strategy when you have a good mood and just follow it
pranayama. should help. husssaaa ... ooommmm .. 
in my opinion, it is best to develop your own strategy, create rules for yourself and follow them without exception. you need a lot to learn: how to trade, where to trade, explore the market all the time, communicate with like-minded people. You need to be on the wave, and, of course, you need to trade a lot: gain more and more experience with funds that you can afford to lose.
in my opinion, it is best to develop your own strategy, create rules for yourself and follow them without exception. you need a lot to learn: how to trade, where to trade, explore the market all the time, communicate with like-minded people. You need to be on the wave, and, of course, you need to trade a lot: gain more and more experience with funds that you can afford to lose.
Our brain is hardwired to go into a fight or flight mode under stress, resulting in emotional responses like greed (taking too large risks), anger, fear (panic-closing) or fear of missing out. While this is a good thing when fighting lions in the savannah, it is a horrible thing when trading, and you need to make smart decisions and keep to your plan to keep making profits.
This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?
Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.
Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.
Active emotional detachment:
There is something called Tilt in Poker. Some players will actively try to insult players after bad beats to make the go tilt, or "emotional". This will result in very bad decision making. Maybe you remember Zinedine Zidane in his very last World Cup Game, head butting the italian player and getting sent of the pitch with a red card. The worst possible outcome. TILT.
If you still feel like you get emotional about trades, there are a few things you can do: Lowering your margins, lowering your leverage, take a break, breathing exercises, watch your favorite series or listen to music. Get a little distance to your trades, before continuing. NEVER trade on TILT.
How are you dealing with your emotions? Anything to add or to take away from this?
Follow these steps and chances are you will do Profitable Cryptocurrency Trading in this market. Don't just buy based on online FOMO which in many cases is not based on market realities. This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?
1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment
Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?
Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.
Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.
Active emotional detachment:
There is something called Tilt in Poker. Some players will actively try to insult players after bad beats to make the go tilt, or "emotional". This will result in very bad decision making. Maybe you remember Zinedine Zidane in his very last World Cup Game, head butting the italian player and getting sent of the pitch with a red card. The worst possible outcome. TILT.
If you still feel like you get emotional about trades, there are a few things you can do: Lowering your margins, lowering your leverage, take a break, breathing exercises, watch your favorite series or listen to music. Get a little distance to your trades, before continuing. NEVER trade on TILT.
How are you dealing with your emotions? Anything to add or to take away from this?
to be able to overcome the emotions that you have when trading then you must be able to stay calm and make sure you don't use all the capital you have to buy coins because so that when prices fall you still have capital and that will make you calm.
Before you deal in trading be sure that you must know how to trade to avoid excessive lost during trading even an expertise has lost their money.during trading time be calm and dont be panic if you loosing your investment
Keeping your emotions steady in investing is extremely important because it can directly affect your results. Feeling unsettled in financial investment is extremely dangerous so always keep your mind relaxed before undertaking a transaction or investment.
For me what have worked for me is just taking two simple steps,
1. I trade with money i can easily forget when i lost it
2. When trading I always think long term, which means I choose only good coins, so even when the price is going down, my mind is still fixed on the long term, plus i can easily forget the money
1. I trade with money i can easily forget when i lost it
2. When trading I always think long term, which means I choose only good coins, so even when the price is going down, my mind is still fixed on the long term, plus i can easily forget the money
For me it is just impossible, absolutely. I'm a very emotional person and easily get affected by negative/positive things in my experience...so I just live with that, emotions are not that bad even if we talk about trading.
To that, I would add one more wonderful point. for example, I recommend investing in trading the amount that you do not mind losing.
Before you deal in trading be sure that you must know how to trade to avoid excessive lost during trading even an expertise has lost their money.during trading time be calm and dont be panic if you loosing your investment
Without a doubt, in the life of every person there are things much more valuable than money, and trading with cryptocurrency should be treated as a job.
The best way to get rid of your emotions is to read and watch positive news about cryptocurrency in order to relieve your self into this bear market.
Yes, stay away from everything negative, and you will feel the new wave of inspiration to work and trade soon. Try to control your emotions when bad thoughts come to your mind.
With balance reading of good news and bad news, it will help us evaluate our future plans, if we think the good news are more relevant, then
we are good for long term hold.
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