How to handle emotions when you lose during trading.

Lanatsa

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Quote from: 2Pizza410000BTC on April 19, 2024, 08:09:02 AM

Losing money while trading makes it very difficult to control emotions. Still since you can't break even, you have to calculate profit and loss and keep control. Not all trades lose money. Many trades have many times the profit. Maybe with that profit, some lost time can be compensated. But it is always better to keep yourself under control in trading. Trading platforms should never be traded based on emotion. Also, avoid being overly greedy on trading platforms. But almost everyone involved in the trading platform can control themselves if they lose on the trading platform. Especially for trading, the most important thing is that the amount that can be lost is exactly the amount that is used to trade on the trading platform. A trading platform should not be used if the amount of money lost cannot be controlled.

We are just humans and we do really hate on losing money on which it is really just that a normal emotion that we do really be able to encounter. This is why on the time that you do lose up money in trading
then it would really be just that wise that you should really know on how to make out some adjustments because if you cant really be able to do so then you are just making the same mistakes all over again and again on which we know that this is something that you should avoid as much as you could because trying out to make yourself that a perfect trader would really be just that making you that desperate.

This is why it would really be better that you should really be having that kind of target or goal when it comes on handling up yourself into this unpredictable frield.
Emotions is something that you would really be your main enemy on this one, if you cant be able to handle it well then it would really be bringing out that huge challenge
into your trading career on which you would be needing adjustments.

2Pizza410000BTC

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Losing money while trading makes it very difficult to control emotions. Still since you can't break even, you have to calculate profit and loss and keep control. Not all trades lose money. Many trades have many times the profit. Maybe with that profit, some lost time can be compensated. But it is always better to keep yourself under control in trading. Trading platforms should never be traded based on emotion. Also, avoid being overly greedy on trading platforms. But almost everyone involved in the trading platform can control themselves if they lose on the trading platform. Especially for trading, the most important thing is that the amount that can be lost is exactly the amount that is used to trade on the trading platform. A trading platform should not be used if the amount of money lost cannot be controlled.

Y3shot

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Quote from: Nothingtodo on April 18, 2024, 08:46:22 PM

There is no need to control emotions when losing in trading because in my case I automatically calm myself down and I stop myself from trading. Every time I traded emotionally, I faced losses instead of profits. Now I don't go to trade emotionally anymore but I go to trade by controlling myself. Both emotional or excessive greed in gambling and trading has a negative impact and a trader is bound to face losses.

When one lose in trading one needs to be calm, no need for been emotional for the lose and whenever it happens like this it is advisable for one to pause trading for the moment. As a trader two things that needs to be overcome is been emotional and greed. When one is emotional their is this feeling that makes one trade more lost money can be recovered. It takes good understanding for people to overcome being emotional and greed. For those who don't really understand trading will always feel emotional and have the greedy mindset. Learning trading and having good understanding really helps to do the right things during trading.

Learning trading and understanding it well helps to keep some bad habit that can affect trading. Being emotional in trading can never bring anything good, instead it can cause more loses.

bakasabo

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I see only one correct way to handle emotions during loses in trading - to trade even more to become more experienced in it and be more resistant to unexpected results. Everything else wont work. There are no techniques or methods to stay calm and etc. Maybe just a little hints like "creating a list of personal rules" (limits, no all-in, dyor or something like that) and to relax for 5 minutes, would decrease that bitter taste of a loss.

Natsuu

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Quote from: AnonBitCoiner on April 17, 2024, 04:58:17 AM

Quote from: Youngkhngdiddy on April 04, 2024, 09:32:39 AM

1. Do not overtrade, always allocate time for relaxing and purifying the mind.

In the time when you stop trading then try to focus on learning about trading at that time and also try to learn new strategies but don't apply if it is not needed because many people use wrong strategies due to which they lose money.

I would say when you stop trading your technical analysis, you can allot your time instead on working with your psychology. Or just completely off the charts and enjoy the money you worked for because you earned it. You needed that so you can go back to mental equilibrium and perform very well on the next trading sessions. If you do that you are very much more prepared. Because trading is also a performance game, you cannot operate well if you are too stress.

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Quote from: OrangeII on April 17, 2024, 01:41:40 AM

However, I think people who are prepared for the risks of trading, and using money they are willing to lose, are probably people who can control their emotions more easily than people who are not prepared for that. Apart from that, the most important factor is not to overdo trading. Don't take too big a risk with the hope of big profits. However, prepare for all the bad things that could happen when trading, that way you might be able to control your emotions more easily.

That's correct, in general, because when it comes to emotion, everyone knows that it can be controlled by ourselves or that our emotions can control us in the end.
And it only happens when there are things that we don't expect to happen that suddenly increase the adrenalin response of our emotions, which causes us to lose control of ourselves.

This is often the reason why we lose when we conduct trading activity, whether long-term or short-term. which most of the traders should not do.

Nothingtodo

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There is no need to control emotions when losing in trading because in my case I automatically calm myself down and I stop myself from trading. Every time I traded emotionally, I faced losses instead of profits. Now I don't go to trade emotionally anymore but I go to trade by controlling myself. Both emotional or excessive greed in gambling and trading has a negative impact and a trader is bound to face losses.

Questat

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Quote from: OrangeII on April 17, 2024, 01:41:40 AM

However, I think people who are prepared for the risks of trading, and using money they are willing to lose, are probably people who can control their emotions more easily than people who are not prepared for that. Apart from that, the most important factor is not to overdo trading. Don't take too big a risk with the hope of big profits. However, prepare for all the bad things that could happen when trading, that way you might be able to control your emotions more easily.

We trade not to lose but the desire to make a profit. Unfortunately, the market isn't that much giving us a favor especially if you are not knowledgeable in the market. It is not a question of why we lose because whether we like it or not, trading is not all about winning but losing as well. Of course, knowledge and skills are a big factor but the usual reason why traders are losing is because of losing control of their emotions. For some people, it is hard to control and indeed that is the reality especially if we are in a situation of losing. Yes, even though we have been in this field for many years, that is still impossible because this is normal as a human being.

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Quote from: OrangeII on April 17, 2024, 01:41:40 AM

However, I think people who are prepared for the risks of trading, and using money they are willing to lose, are probably people who can control their emotions more easily than people who are not prepared for that. Apart from that, the most important factor is not to overdo trading. Don't take too big a risk with the hope of big profits. However, prepare for all the bad things that could happen when trading, that way you might be able to control your emotions more easily.

its always money that can be afford to lose that give ease of mind, I mean its still the same losing money and there's no harm in having much more money whatever amount it is but when we are just putting the money thats just excess of our savings or salary, if things goes to worst, we don't get overly burdened by regret, we could always make up for it later on.
its those people that use their entire life saving where they gonna need this money eventually that gonna have hard time controlling their emotion, just imagine people that putting their entire life saving that supposed for their retirement at stake and then suddenly market dumps, they'd definitely become panicky afraid of losing their money and make haste decision of cut lose even though its just normal price correction.
that kind of person is the one that gonna have hard time controlling their money I think, because in their consciousness they know they can't afford to lose that money and if bad price correction comes to play they gonna instantly think of getting doomed, always remember guys, to never use money we can't afford to lose.

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Quote from: Youngkhngdiddy on April 04, 2024, 09:32:39 AM

1. Do not overtrade, always allocate time for relaxing and purifying the mind.

Whatever you are doing, if there's no time attached to it, you could be lossing your mental health and state of mind. Meanwhile, trading is not the only thing you have to do in life, why trade non stop until your portfolio is gone.

Quote from: Youngkhngdiddy on April 04, 2024, 09:32:39 AM

2. Do not abuse leverage.

Instead of using small capital and be on X10 leverage. Why not look for good capital and go without leverage or lower leverage.

Quote from: Youngkhngdiddy on April 04, 2024, 09:32:39 AM

3. Do not place high hopes on trading, always stay alert.

I must buy a new car with trading is such a bad statement to make.

Quote from: Youngkhngdiddy on April 04, 2024, 09:32:39 AM

4. Act wisely and appeal to a rational sense rather than an emotional component.

When emotions overtake your rational reasoning. It might turn disastrous.

AnonBitCoiner

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Quote from: Youngkhngdiddy on April 04, 2024, 09:32:39 AM

1. Do not overtrade, always allocate time for relaxing and purifying the mind.

Over trade is risky in both the situations of winning and losing so give a limit to your trade after every win and loss situation. A person assumes that if he trades for 24 hours then his earning will be more but it is a very risky step for him which will not only drop his money but will also put adverse effects on his health.

In the time when you stop trading then try to focus on learning about trading at that time and also try to learn new strategies but don't apply if it is not needed because many people use wrong strategies due to which they lose money. Trading should be carried out in a specific time and in order to reduce your stress you should accept both win and loss and should keep calm after exit from trading after completion of limited timing.

Gladitorcomeback

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Quote from: OrangeII on April 17, 2024, 01:41:40 AM

However, I think people who are prepared for the risks of trading, and using money they are willing to lose, are probably people who can control their emotions more easily than people who are not prepared for that. Apart from that, the most important factor is not to overdo trading. Don't take too big a risk with the hope of big profits. However, prepare for all the bad things that could happen when trading, that way you might be able to control your emotions more easily.

That's right, especially the loss affordability part. A person who gets into a business where they have invested an amount that they can easily afford to lose would barely be emotionally unbalanced if they see their business isn't taking off, they would look for ways to improve it but while doing that, they will be mentally stable because they will know deep inside that even of the business doesn't work out, they don't have everything up at stake and they can do well even if it doesn't.

Similarly, if a trader only has risked an amount that they know they can afford to lose, their emotions will be under control in all sorts of market conditions and even if their portfolio loses more than 50% in value, they will still not panic and they can stay optimistic and hopeful for better times ahead.

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However, I think people who are prepared for the risks of trading, and using money they are willing to lose, are probably people who can control their emotions more easily than people who are not prepared for that. Apart from that, the most important factor is not to overdo trading. Don't take too big a risk with the hope of big profits. However, prepare for all the bad things that could happen when trading, that way you might be able to control your emotions more easily.

Russlenat

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Quote from: Negotiation on April 13, 2024, 12:16:40 PM

Quote from: lixer on April 13, 2024, 09:40:22 AM

A newbie who isn't knowledgeable and experienced enough about the market shouldn't make trades with real money in the initial stage but they should first gather knowledge and test their knowledge in demo modes somewhere so that they can be assured that they can make successful trades or not and should only venture into real trading once they are ready.

Well said, To control emotions, you have to work hard and practice for a long time. Properly and you have to remember never to make hasty or too fast decisions. Always try to keep yourself calm. Think in such a way that you don't feel wrong after making your decision. Then slowly notice that you are able to control your emotions.

However, the only way so we can master our emotions is that when we finally enter a live trading. Although demo trading can be a good start but we all know real emotions are rarely involved in virtual account. So I suggest learn to trade using small amount first. That won’t be too painful if ever you lose your initial capital, at least you will also learn some lessons from that. Within that experience, you will come to handle your emotions more seriously so that you won’t end up with another loss the next time you trade.

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Quote from: retreat on April 15, 2024, 11:20:30 PM

Quote from: Youngkhngdiddy on April 04, 2024, 09:32:39 AM

1. Do not overtrade, always allocate time for relaxing and purifying the mind.

Excessive trading is not good for a trader's finances and health. Because when a trader trades excessively, they will sacrifice their rest time by monitoring the market continuously and seeing how the charts keep moving in front of their monitor. This is not recommended for traders, because good traders are those who can manage their time by knowing when to trade and when to rest. By managing trading time and rest time, a trader can maintain a healthy balance between trading and their personal health in the long term.

One of the reasons why a trader is always required and advised to have a plan and put limits on his trading activity is to limit excessive activity, because it is a sure thing that when you are too long in front of the monitor analyzing the market then over time you will lose focus in yourself which will make you make careless decisions. Limits in trading are to limit the time of running sessions and limit the amount of budget allocated and of course the benefit of these limits is to keep our brains and minds awake and avoid some careless decisions due to too long analyzing the market that can make us lose focus.

On the other hand as you said that good traders are those who can organize and manage their trading activities which means knowing and having the ability and planning about when to row and when to pull over. Trading involves money where in trading the possibility of risk will always lurk a trader, and the fear is that when a trader is too long in front of the monitor then there is a possibility that they will lose focus in themselves due to being too tired in analyzing the market which ultimately makes them make the wrong decision.

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Quote from: macson on April 13, 2024, 06:02:47 PM

Quote from: Youngkhngdiddy on April 04, 2024, 09:32:39 AM

snip
These are some methods and practices I think traders could use in controlling their emotions when they lose while trading, you could give your opinions or add more if you got any, also I'm open to corrections so feel free to include some corrections in any statement you feel I'm wrong.

Losing when trading is a common thing that happens to every trader, so don't be sad for long when you lose, this is one sentence that always keeps me mentally alert when trading, there is still tomorrow to rearrange plans, reset the deadline set and also rearrange the capital which want to spend. One more thing that is no less important is that you have to join a trading community to get knowledge and also a good mentor because usually professional traders have good and stable mods.

Yes, this is a common thing. Even though they are veterans in trading, that doesn't mean they never lose. Of course, they also always experience losses in trading. However, the difference is, their losses are much smaller compared to their success in taking profits and gains. So it doesn't become a problem, that's because they can manage themselves and their trading activities and strategies well. So they don't panic and can turn things around to be much better even after experiencing losses. So the point is how can we manage our finances, risks, and also our strategy so that we can apply analysis and tactics to get more profits or profits in trading, because after all, no analysis will always be 100% correct, because of that, the risk of loss in trading it will exist for all traders. The only problem is how these risks can be managed very well and in detail

Lanatsa

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Quote from: retreat on April 15, 2024, 11:20:30 PM

Quote from: Youngkhngdiddy on April 04, 2024, 09:32:39 AM

1. Do not overtrade, always allocate time for relaxing and purifying the mind.

Excessive trading is not good for a trader's finances and health. Because when a trader trades excessively, they will sacrifice their rest time by monitoring the market continuously and seeing how the charts keep moving in front of their monitor. This is not recommended for traders, because good traders are those who can manage their time by knowing when to trade and when to rest. By managing trading time and rest time, a trader can maintain a healthy balance between trading and their personal health in the long term.

Everything which is excess is always considered to be bad and it would really be better that you should really know on how to control yourself when it comes to your emotions because this market could really be that something that will really be like a roller coaster on which it could really potentially mess up your emotions which might lead into those bad decision making on which this is likely the thing that do really happen most of the time. This is why self control and discipline is something that you would really be needing to look up into.

Each person does have that kind of different level when it comes to tolerance and risks management and on the time that it would be able to hit up such threshold then this is the time that you would really
be having those kind of impulsive actions which caused by that emotions that had been burst out and cant really be handled. if you wont really be that making yourself that too careful
then you are really that bound on doing things on which you might be ended up on having that kind of condition.

Sorryfor

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Since trading is a risky business you must keep your emotions in check or else you can lose your entire money anytime. In trading first you trade with the amount of money you can afford to lose. There are some newbie traders who trade their entire money without acquiring any deep knowledge and skills about trading and at the end of the day end up with huge disappointment and losses. So in trading you should first start trading with the amount of money you can afford to lose. One more thing is that you have to control your emotions in trading otherwise it will go to extremes. Since this is a very risky job, you must control it. Many people think that they will be successful and make huge profits as soon as they start trading but when they face the reality they suffer from extreme depression and decide to quit so before doing this you should gain enough knowledge and start small projects. Gain the courage to trade.

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Quote from: Youngkhngdiddy on April 04, 2024, 09:32:39 AM

1. Do not overtrade, always allocate time for relaxing and purifying the mind.

Excessive trading is not good for a trader's finances and health. Because when a trader trades excessively, they will sacrifice their rest time by monitoring the market continuously and seeing how the charts keep moving in front of their monitor. This is not recommended for traders, because good traders are those who can manage their time by knowing when to trade and when to rest. By managing trading time and rest time, a trader can maintain a healthy balance between trading and their personal health in the long term.

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Quote from: Yukyzu on April 15, 2024, 02:12:16 AM

Quote from: Rabata on April 14, 2024, 01:08:38 PM

Those who don't lose at trading never learn trading. No matter how big a trader is, he will definitely fail in any of his trading. When someone loses, he can learn from that loss if he wants to. Loss is a prerequisite to winning in gambling. I try to keep my emotions in trading when I lose. Every trader's emotions are difficult to control when losing. There are many traders who cannot control their emotions and at some point they end up losing more. A trader must acquire proper knowledge before trading. If the trader is not prudent then he will lose in trading.

When someone experiences failure in trading and learns about the mistakes they made then when they return to trading of course they will be careful so as not to make the same mistakes again in the trading that we have done, most people who are losing in trading will of course emotional because they lost the money they had, but if they can control themselves, they will of course rest and learn about the mistakes they made in trading, because if they cannot control themselves, of course they will suffer a lot of losses when they try to trade again in this situation. Emotions and knowledge are of course very important things for someone who wants to trade because if they don't have the knowledge, of course they will suffer a lot of losses because they don't know well what to do in trading.

That is how you gain experience, you make mistakes and then you try to not make the same mistakes again. This doesn't mean that you will never make the same mistake twice, there are situations where you could make the same mistake more than a few times, because it is trading and it is not a single day thing, you trade for years, and that means eventually you may make the same mistake sometimes, maybe it will have a year between each other, but it would be the same mistake.

That just means that you end up making enough mistakes where you end up learning more and more about how to just trade better. This is why I believe that it is better to just not focus on how to make a profit, but it is also important to focus on how to not lose as well.

Topic: How to handle emotions when you lose during trading. (Read 1094 times)