Topic: ~If you must trade~ - page 2. (Read 846 times)
I trading any time and I trading using my own trading strategy. Everyone should have their own trading strategy. When you trading, trading with courage and patience. Because patience and courage are very important while trading. If you are impatient and trading with poor morale, it will not allow you to make the right decisions and you will not be able to trading at the right time, as a result you will only lose. So you have to be patient and develop a trading strategy of your own and trading in the space that you can handle properly.
Having good patience is not really good because we loss opportunity selling some coins on higher price, but many trader loss their controlling and patience waiting for price pump and many people keep holding although have raise more profitable. Need balance for patience in trading in cryptocurrency, we have to know when moment for selling and buying coins before facing with price up and down. In trading not only have manage will with patience but also trader have controlling their emotion,
its important when facing moment FUD with many trader panic cut loss don't allow with their way for selling assets in lower price, keep holding and controlling emotion waiting until price pump.
its important when facing moment FUD with many trader panic cut loss don't allow with their way for selling assets in lower price, keep holding and controlling emotion waiting until price pump.
Emotion really can play a big part for all of our trades.
Let's say that we've won most of our trades and there's this last time that we want to keep up before we close the trading tab. And that's all about emotion and you're not satisfied yet with your trades for this day.
That could end up with a bad trade because you think that it's not enough yet and despite that you've won enough. And so your emotion have moved you to the pit instead.
It is true that emotion should never be traded because emotion always drives people downwards. In that case, to gain in trading, one must be well experienced and learn well about trading. It is not a good sign for a business person to become emotional if he suffers any loss while pursuing his goal of making money. So one has to control the emotions in the trading field and be patient in order to move the trade forward only then it is possible to profit in the future. Let's say that we've won most of our trades and there's this last time that we want to keep up before we close the trading tab. And that's all about emotion and you're not satisfied yet with your trades for this day.
That could end up with a bad trade because you think that it's not enough yet and despite that you've won enough. And so your emotion have moved you to the pit instead.
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.
But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
Pretty sure patience is a part of human emotion and it's related. If you have a bad day and angry(emotion) then pretty much you would not have any patience to do anything and to wait something. They are correlated to each other and you can't deny that, as a human you have the right to minimize the bad things because of how badly you manage your emotions and as well as your patience.But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
That's why traders have different result despite they choose the same tokens/coins to invest, they manage the emotions differently.
Patience has a big role in our trading journey. Lack of it could result to worse scenarios in the future and might lead into greed and wrong decisions. It is really important that we'll be patient as we couldn't really expect an instant profit here since the market is volatile and we have to deal with the changes all the time.
There's no space for impatient people when it comes to trading because those who are rushing to make profit usually end up into huge losses or might also the reason to make mistakes and wrong decisions.
It is fine to feel emotional sometimes but we shouldn't let our emotions decide for us. We should still focus on our goals while carefully making right decisions than to expect big profit instantly as there's no shortcut to getting rich here.
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.
But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
Pretty sure patience is a part of human emotion and it's related. If you have a bad day and angry(emotion) then pretty much you would not have any patience to do anything and to wait something. They are correlated to each other and you can't deny that, as a human you have the right to minimize the bad things because of how badly you manage your emotions and as well as your patience.But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
That's why traders have different result despite they choose the same tokens/coins to invest, they manage the emotions differently.
For the members who said that it's about emotion, I agree with you. Most people, not just traders, lose it when emotions are involved. Imagine someone having that feeling brewing inside them, and when it pops, it's just not under control. It's dangerous when we are talking about emotions.
Many people agree that it's one of the causes that could make you lose a trade and be emotional and feel that you could overcome it because you have thought of it before. It's dangerous to rely on emotions.
Emotions will only ruin what’s in your original plan. Although it’s hard to control our emotions especially we have that sense of affection, but if we can’t deal our emotions professionally, then we will never see the success that we are capable of doing.Many people agree that it's one of the causes that could make you lose a trade and be emotional and feel that you could overcome it because you have thought of it before. It's dangerous to rely on emotions.
Unfortunately, a lot of traders and even crypto investors have fall out from their goals because of emotions. That’s the reason why emotions should be banned when we trade, but since we are only human beings, if we can’t stop it from being emotional, at least we can somehow learn to lessen or minimize our emotions so it won’t be a distraction to reach our goals when we trade or invest.
I would say having good patience will leave your trading successfully right. Once you’re patient enough, it’s as good as your emotions are not wild and are still in control. With patience, you will be able to focus and target what’s in your goal without pressuring yourself to trade even if the market is still in a bad shape. And if you have the right patience as a successful trader, surely you will also be potential long term investor as well.
Patience come from having a good discipline and a focused mindset and that's what every good trader most have because when you're not discipline you can easily be distracted and we have alot of distraction that can make you to lose focus of your trading goals by making you make a big mistake with your trades. Patience is needed because the market movement can change at anytime and you should not hurry to close a trade that isn't working in your favor.
If you studied the charts properly and know that your interpretation are correct, have patience with the market and keep holding your coins. And this is why you should only trade when you know how to trade properly so you can make decision based on your experiences.
Emotion really can play a big part for all of our trades.
Let's say that we've won most of our trades and there's this last time that we want to keep up before we close the trading tab. And that's all about emotion and you're not satisfied yet with your trades for this day.
That could end up with a bad trade because you think that it's not enough yet and despite that you've won enough. And so your emotion have moved you to the pit instead.
Let's say that we've won most of our trades and there's this last time that we want to keep up before we close the trading tab. And that's all about emotion and you're not satisfied yet with your trades for this day.
That could end up with a bad trade because you think that it's not enough yet and despite that you've won enough. And so your emotion have moved you to the pit instead.
I think emotion is the biggest enemy of trader, the biggest emotion is fear and Greed. You fear when the market at lowest point and greed when at the top of point.
you need control your emotion so you can manage your money when you are loses or dont overtrade when you made a profit.
Know when Stop Loss and know when take profit
you need control your emotion so you can manage your money when you are loses or dont overtrade when you made a profit.
Know when Stop Loss and know when take profit
Emotion is not an enemy. It is actually what drives the trader to be the best and most consistent of his career. That is when you use your emotion on your side. But if you have it against you, then your doing it the hard and wrong way. Trading is an internal game, th only pressure is the pressure you put on yourself.
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.
But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
I see this two factors as the consistence win rate people miss out, because if you are patient you will see what the market has to off now when you are too emotional about your being patient thats when you screw out the patient side of you and so doing you have messed up you thought. Thats why the English-speaking of trading psychology comes in.
For the members who said that it's about emotion, I agree with you. Most people, not just traders, lose it when emotions are involved. Imagine someone having that feeling brewing inside them, and when it pops, it's just not under control. It's dangerous when we are talking about emotions.
Many people agree that it's one of the causes that could make you lose a trade and be emotional and feel that you could overcome it because you have thought of it before. It's dangerous to rely on emotions.
One of the most difficult things to master in the trading world is emotional control. Even someone who is proficient in making market analysis and is able to make good strategies and plans in his trading will still be able to experience fatal losses if he cannot control his emotions in trading. because if a trader cannot control his emotions then he will tend to get out of the initial plan he has made (disrupting his own planing). And actually about emotional control can not be learned instantly. But we will indeed be able to control emotions more and more when we are more and more involved in trading. Or we will be more adept at controlling emotions when we have more and more experience in trading in the market. Even if we study trading psychology from the very beginning. Still, the theories that have been learned are sometimes ignored by us, when we are in a state of being controlled by our own emotions. The scariest of emotions in trading is FOMO. Because FOMO is one of the many reasons why more beginners experience big losses in trading. Many people agree that it's one of the causes that could make you lose a trade and be emotional and feel that you could overcome it because you have thought of it before. It's dangerous to rely on emotions.
Trading is our personal emotion so no one will force you everyone here knows exactly how much research is needed to improve your trading skills. Moreover trading is a different kind of processing that is different from other businesses. The amount of risk you take from trading is high and you can lose big capital but if you start small your losses will be less.
Well, the question of losing the capital only comes when a person doesn't prepare enough before getting their hands inside the market. A newbie is not supposed to start trading right after learning about cryptocurrencies and a trading platform because it is not that easy to earn money in this world, if it was, the number of millionaires would have been countless by now, but because things are not that easy, some people just can't get used to them and quit.If a newbie starts learning the basics and then jump into learning the complex methods and metrics, they will learn the things in a pretty good manner, and once they are done with that, they would know exactly what they need to do with their money and they won't let themselves lose it then.
For the members who said that it's about emotion, I agree with you. Most people, not just traders, lose it when emotions are involved. Imagine someone having that feeling brewing inside them, and when it pops, it's just not under control. It's dangerous when we are talking about emotions.
Many people agree that it's one of the causes that could make you lose a trade and be emotional and feel that you could overcome it because you have thought of it before. It's dangerous to rely on emotions.
Many people agree that it's one of the causes that could make you lose a trade and be emotional and feel that you could overcome it because you have thought of it before. It's dangerous to rely on emotions.
It has always been the "emotion" that has wrecked even the best of traders. Fear of loosing much and the greed of not wanting to take profit when supposed. Many traders have very perfect speculation of what the market is and the possible outcome but they prefer to violate their own rules by compromising when they see perfection has been achieved.
I believe that those you called best of traders have better knowledge on how to handle such thing as emotion. They know that the emotion is what takes them out of control and so they have to properly guide against it and a sure way to bring emotion down is to trade with low risk especially when the market is volatile. Another way is to understand the times of the market when it is ranging and highly volatile because of huge buy or sell. These times are such that a better trader is careful not to allow the emotion to have a better part of them.
To trade in crypto you must first develop passion and patience so that you can break even if you face losses. Many times it is seen that those who trade without understanding they face losses and lose patience due to which they become very emotional. In that case, if you trade emotionally, it will never be possible to succeed but you will have to face losses constantly. That's why a trader first needs to gain good knowledge about the market, then he can make a profit when he can get an idea about trading. When you start trading you must keep in mind that you should buy when the market goes down and sell when it goes up to make a profit. Moreover if you want to be successful then you need to take advice from traders who have already been successful in trading so that you can move ahead in future trading.
It has always been the "emotion" that has wrecked even the best of traders. Fear of loosing much and the greed of not wanting to take profit when supposed. Many traders have very perfect speculation of what the market is and the possible outcome but they prefer to violate their own rules by compromising when they see perfection has been achieved.
I believe that those you called best of traders have better knowledge on how to handle such thing as emotion. They know that the emotion is what takes them out of control and so they have to properly guide against it and a sure way to bring emotion down is to trade with low risk especially when the market is volatile. Another way is to understand the times of the market when it is ranging and highly volatile because of huge buy or sell. These times are such that a better trader is careful not to allow the emotion to have a better part of them.
I would say having good patience will leave your trading successfully right. Once you’re patient enough, it’s as good as your emotions are not wild and are still in control. With patience, you will be able to focus and target what’s in your goal without pressuring yourself to trade even if the market is still in a bad shape. And if you have the right patience as a successful trader, surely you will also be potential long term investor as well.
For both long-term investors and those who engage in daily trading, patience is the key to enjoying bitcoin investments. However, in addition to having patience, you also need to be emotionally prepared because investing in bitcoin may be stressful, particularly when there are market-affecting news events. I learned that investing in bitcoin follows similar rules to other types of investments there are certain requirements to be met before you can start reaping the rewards. Even holding for a long time is difficult, but when you consider the potential return, you will be forced to wait. If you have another source of income, this is the only time you will truly enjoy investing in bitcoin. All is still involves patience.
It has always been the "emotion" that has wrecked even the best of traders. Fear of loosing much and the greed of not wanting to take profit when supposed. Many traders have very perfect speculation of what the market is and the possible outcome but they prefer to violate their own rules by compromising when they see perfection has been achieved.
And that is because trading imitates life, during our life we take millions of decision which do not really change our lives and not much would have changed if we had chosen another option.However there are a few decisions that can make our life take a turn for the better or for the worse, and trading is exactly the same, and those are the decisions which test our abilities as traders, and if at the time we break our own trading rules then it is likely that things are not going to turn right for us.
It has always been the "emotion" that has wrecked even the best of traders. Fear of loosing much and the greed of not wanting to take profit when supposed. Many traders have very perfect speculation of what the market is and the possible outcome but they prefer to violate their own rules by compromising when they see perfection has been achieved.
And that is because trading imitates life, during our life we take millions of decision which do not really change our lives and not much would have changed if we had chosen another option.However there are a few decisions that can make our life take a turn for the better or for the worse, and trading is exactly the same, and those are the decisions which test our abilities as traders, and if at the time we break our own trading rules then it is likely that things are not going to turn right for us.
I would say having good patience will leave your trading successfully right. Once you’re patient enough, it’s as good as your emotions are not wild and are still in control. With patience, you will be able to focus and target what’s in your goal without pressuring yourself to trade even if the market is still in a bad shape. And if you have the right patience as a successful trader, surely you will also be potential long term investor as well.
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