~If you must trade~ - page 3. | Bitcointalksearch.org

HONDACD125

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Quote from: Rengga Jati on August 11, 2023, 04:46:27 PM

If we cannot control our emotions, then it is possible that we will panic, get angry, get stressed more easily, and also get out of control because of our impatience. So, all of these aspects must support each other. Because after all, the results we expect will be in accordance with what we are trying, as long as we really want it. Try always to control your emotion

This platform is definitely not for sentimental people. Trading in the crypto currency market requires courage and patience. The market never goes our way, but we have to go with the market. People who follow the trend are always successful and earn good profits. Those people who use their emotions to play the trend always trade at a loss. Emotions, impatience, stress and panic have no place in the crypto currency market. There are successful people who understand the pros and cons of trading and always trade consistently. Profit and loss are part of every business so we need to understand these things.

tygeade

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Quote from: uswa56 on August 08, 2023, 08:34:25 AM

I think patience is quite influential, but it is something that is difficult to apply, because one's emotions are quite difficult to control so one can lose patience, and it is true that many non-technical factors affect trading and the biggest ones are greed and emotion.

But technical is also important, it is the part outside of the actual emotional influence to be able to control it, but apart from personally I think before trading we must be prepared to control ourselves from all negative things to avoid losses.

Emotions are easy to control if you know any method or studied any psychology. I can tell you that I have a breathing method that calms me down whenever I feel any emotions, I just rid myself of the emotion of that moment and make sure that I am at a reset point and feeling nothing. I know that sounds like a big thing but believe me if I can do it then everyone can.

I used to be a lot more angrier person, I used to be someone who constantly cursed and yelled and angry all the time, so I had to change who I was and now I am much calmer and much better person or at least I try to be a much better person whenever I can, and whatever I can do to be a better person I try to do that. If I can, then you can too, just work on it.

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Quote from: Rivaldine on August 12, 2023, 03:37:19 AM

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.

Violating the rules that have been made will certainly have consequences in the end. Those who are driven by emotion, are too greedy and do not have the readiness to tackle every problem when trading. People like that will never reach their peak, they will even tend to regret decisions that are not taken properly. They don't manage properly so trading will only give you losses and no increase whatsoever.

Rivaldine

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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.

bitLeap

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Quote from: Nrcewker on August 11, 2023, 11:50:50 AM

Patience plays the key role to make good profits. But if you lose patience and keep on panicking and complaining, then you increase the overall loss associated with the trades. Emotions do also hamper the trader’s profit margins, but patience is the main reason why traders sell the coins and later those coins grow in their price. If a trader can handle both of them and work really hard on it, then definitely he can see huge changes in his daily profits. I am saying this from my personal experience only.

And also we should be able to put patience in the right place. If we are patient but in the wrong place, of course that is also not a good choice.
I mean, which assets do we hold so we have to be patient? if we hold bitcoin, then obviously we have to wait patiently. Unlike when we hold memecoins for example, I don't recommend being patient. Because usually in memecoin if we are just a little late then it will bring us into loss.
The conclusion is that we must be able to be patient with extensive knowledge.

Rengga Jati

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All of that is included in the control and management of emotions. Our emotions cover several aspects of our reactions to something, in this case to the crypto market. How sensitive are we, how strong are we mentally, how big is our level of patience, and how good are we not to panic, are also part of controlling emotions. In this case , the better the management and court, the better the effect will be in investing in crypto, which is actually high risk.

If we cannot control our emotions, then it is possible that we will panic, get angry, get stressed more easily, and also get out of control because of our impatience. So, all of these aspects must support each other. Because after all, the results we expect will be in accordance with what we are trying, as long as we really want it. Try always to control your emotion

Sanitough

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Quote from: Nrcewker on August 11, 2023, 11:50:50 AM

Patience plays the key role to make good profits. But if you lose patience and keep on panicking and complaining, then you increase the overall loss associated with the trades. Emotions do also hamper the trader’s profit margins, but patience is the main reason why traders sell the coins and later those coins grow in their price. If a trader can handle both of them and work really hard on it, then definitely he can see huge changes in his daily profits. I am saying this from my personal experience only.

Indeed. Patience is crucial in trading. Most especially that the crypto market is highly changing, then creating hasty decisions that makes you impatient and totally lose your emotion’s control, will definitely put your trades into frustration. I believe real traders can relate to this. Because being a trader should not only focus on the results, but should also give high attention to its process.

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Quote from: pawanjain on August 06, 2023, 04:27:20 AM

Quote from: Pablo-wood on August 02, 2023, 05:37:01 PM

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.

I think emotions play a major role in trading and if you can't control your emotions then you are bound to lose your money in trading.
If you control your emotions, you automatically improve your patience level and wait for the right time to enter and exit the market.

That's right and that is what most guys are saying here if you will read most of the replies. Apart from losing, I think a strong uncontrollable emotion can also bring us some good stuffs sometimes like a big profit but we should only learn how to stop and try to not do it again for a while so that we can enjoy the profits that we have made earlier. Patients must also be a kind of emotion.

If you can successfully control your emotions, that means you can also extend your patience which was a good thing if you will mostly apply it in investing because a bull run can take a long time to occur but once we sell during it, we can earn profits which are better than what we can get in trading.

Nrcewker

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Patience plays the key role to make good profits. But if you lose patience and keep on panicking and complaining, then you increase the overall loss associated with the trades. Emotions do also hamper the trader’s profit margins, but patience is the main reason why traders sell the coins and later those coins grow in their price. If a trader can handle both of them and work really hard on it, then definitely he can see huge changes in his daily profits. I am saying this from my personal experience only.

justdimin

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Quote from: tbct_mt2 on August 10, 2023, 03:35:59 AM

Quote from: Ahli38 on August 10, 2023, 03:08:04 AM

In real trading we really have to keep learning and learning. Because even in the analyzes that we have studied, they also continue to experience developments according to the market situation which has also changed from time to time. a few years ago the analysis using candlestick patterns on the market had a fairly high level of accuracy. But at this time many candle patterns have been formed but in fact they are only deceptions made by big traders in the market (manipulation of market price movements). So nowadays there are even fake candle patterns and such.

The market cap of cryptocurrency market and its trading volume are very smaller than traditional markets. If candles, patterns can work, they will work with traditional market to cryptocurrency market.

A market with smaller trading volume will be more easily manipulated. You did not know about Bitcoin market in the past but you can see how altcoins can be more easily manipulated nowadays, you will see part of Bitcoin market in the past.

This is how pump and dump happens, we have seen a lot of low volume coins, the ones that have like 10 million dollars or less volume, and any whale with that much money could end up buying like a million dollars worth over time, and make it go up, and create a fake hype around it, think of it like buying up 100k worths per day for 10 days in a row, that's a million dollars and nothing to some people.

But if you keep doing that then the price will skyrocket, you can cover even the sellers, and keep doing it, so people start to think it's a sustained increase, and then suddenly you sell all one million dollars worth of it and make a profit. Everyone should be careful about it, it's a risk we do not have to take if we do not want to.

tbct_mt2

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Quote from: Ahli38 on August 10, 2023, 03:08:04 AM

In real trading we really have to keep learning and learning. Because even in the analyzes that we have studied, they also continue to experience developments according to the market situation which has also changed from time to time. a few years ago the analysis using candlestick patterns on the market had a fairly high level of accuracy. But at this time many candle patterns have been formed but in fact they are only deceptions made by big traders in the market (manipulation of market price movements). So nowadays there are even fake candle patterns and such.

The market cap of cryptocurrency market and its trading volume are very smaller than traditional markets. If candles, patterns can work, they will work with traditional market to cryptocurrency market.

A market with smaller trading volume will be more easily manipulated. You did not know about Bitcoin market in the past but you can see how altcoins can be more easily manipulated nowadays, you will see part of Bitcoin market in the past.

Quote

And are new things that we have to learn as well and we also have to know their characteristics.

Only if you know what are whales you want to follow up. If you don't know who they are and their manipulation styles, you can not do anything.

Generally you must learn about the Psychology of the market cycles that is general and works for all markets.

Ahli38

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Quote from: Bushdark on August 09, 2023, 10:44:16 AM

Quote from: Ahli38 on August 09, 2023, 12:46:06 AM

Quote from: Pablo-wood on August 02, 2023, 05:37:01 PM

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.

As far as I have experienced in my trading activity. So I can say that for short and medium term trading it is Emotional Control that is required. Even about this emotion we also need to study very carefully (carefully). Because this will relate to one of the analyzes intended for analyzing market movements based on the emotional exposure of market participants or market sentiment. Panic behavior and greedy behavior can be seen from market movements with sentimental analysis. There are even indicators to see this, such as the fear & greed indicator.

Now with regard to patience, this is more suitable for long-term investors. Examples such as to do DCA. So it takes patience and no need to rush. Because investing is for the long term. So it doesn't matter if the accumulation process is carried out slowly and patiently.

It is always good for us to measure the way we trade so that we can adjust when necessary to get the best reukt from the market.
It is good for us as a trader to be flexible and do things with the knowledge we have and also have the mindset to learn more when we ought to since the market fluctuation and pattern do change in a way that we need consistent ability to measure the market and trade according to past events and the future one that will determine the kind of results we are going to be getting from the market.
As a trader, if we must trade, analyzing the market is one of the important techniques we need to embrace to get the best from the market always.

Well that's right. In real trading we really have to keep learning and learning. Because even in the analyzes that we have studied, they also continue to experience developments according to the market situation which has also changed from time to time. a few years ago the analysis using candlestick patterns on the market had a fairly high level of accuracy. But at this time many candle patterns have been formed but in fact they are only deceptions made by big traders in the market (manipulation of market price movements). So nowadays there are even fake candle patterns and such. And are new things that we have to learn as well and we also have to know their characteristics. The bottom line is that learning to trade today is more complex or more complicated than it was in the past or a few years ago. But if it's about fundamental analysis then that level of accuracy is always the most effective. We must continue to adapt to the market and understand market movements more carefully. But if we already understand market movements then trading actually becomes more fun.

Sebas.tian

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I think, patient can help a traders to make 70% profits from crypto trading because many potential traders that are doing well in crypto trading today apply patient in their holding before they can trade to achieve their desire from the market. If you apply emotion in your crypto trading in the market, it will be difficult for you to get what you want at the moment because it will not make you to carry out your personal research to know if the market will be profitable or not, because you have been carry away by emotion. Now that the price of coins has decreased from the market in this season, it's not advisable for traders to trade in this bear season, if truly they want to make a good profits from their trading than to exercise patience for bull season to come before they can trade to smile.

suzanne5223

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Quote from: Pablo-wood on August 02, 2023, 05:37:01 PM

I was having this strong contemplation, between emotion and patience which factor affects traders the most.

Both emotion and patience have a role to play as one of the factors that affect traders but emotion seems to be the worse factor because emotion can lead to impulsive and irrational decisions which sometimes lead to not having the needed patience.
If emotion is put in check the crypto trader will have no issue with patience.

mirakal

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Being emotional and being impatient in trading will only result in one thing, that is losing from your trades. So both should be managed well in trading, otherwise there’s no possible chances to win your trades.

Emotions are always the reasons why traders cannot completely focus to their trades. Once they are destructed and mentally bothered, then let’s assume that those trades will never be worthy and will never be successfully done.

Nwada001

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Quote from: Pablo-wood on August 02, 2023, 05:37:01 PM

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.

If you are a day trader, then you should consider taking the emotional factor very seriously, as it is among the factors with the greatest risk. Trading when you are emotionally down can lead to a great loss, as the trader will be taking some uncalculated risk since they are not in the right state of mind. As a result of this, he or she can experience a huge loss in trade. That's why it's always advisable for Someone who has lost heavily on trade to take a break that day and consider it a stop point.

For long-time traders, patience is one of the keys that leads to huge profits, but this is dependent on which currency you are holding, as not all Crypto out there is worth holding for a long period of time expecting profit from it, as it can lead to either no liquidity or a total loss. But when it comes to coins like Bitcoin, which have been considered trusted after a long period of existence, patience is definitely what can lead you to a huge profit. But why wait patiently for the bull run? Don't be too greedy unless you are a strong decision-maker.

HONDACD125

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Quote from: Tomcolor on August 09, 2023, 01:27:31 PM

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.

I think trading can't be called a personal emotion, but rather a skill that we can use to earn profit. I think trading can be disadvantageous for newbies because a good experience, knowledge and analysis is very important here. There are risks of loss in trading but the rate of profit is also very good. An experienced trader can make a good profit by applying his analysis and experience. Trading with large capital should always be done when you have complete mastery of trading. You are right that newbies should always start their trading with small amounts so that the risk of loss is minimal. Of course, trading is different from other businesses, but instead of taking risks, try to learn first.

Tomcolor

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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.

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Quote from: michellee on August 03, 2023, 07:28:59 AM

Every trader has to deal with emotions because, after all, when the market changes direction, the emotions will change and follow its mood. These emotions will lead them to other feelings, such as greed, lack of satisfaction, and indiscipline. And when the market changes fast, they will also act in a hurry, panic, and worry.

They really have to learn to control their emotions so they won't be affected by anything going on in the market and can analyze market conditions well. And when you have to trade, you must have good skills and self-control. You can analyze the market conditions and find the right time to enter and exit the market.

There is still a lot to learn before trading but it can be learned slowly. The important thing is that you have to learn to trade well and also learn to control yourself.

As long as your emotions are on its normal level, you don't need to worry about it because you will still end up on doing the right thing. It's just that there are only people whose emotion can switch easily depending on the situation not only in terms of trading.

Everyone is welcome in trading, whether you are skillful already or not but it would be better if they can deal with their emotions first before they enter the world of trading or other important activities so that it won't be a hindrance to them. Acting quick is beneficial in trading. Not only emotional trader has this mannerism. It was investing is where you need to be calm the most.

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Quote from: Bushdark on August 08, 2023, 06:59:23 PM

Quote from: Pablo-wood on August 02, 2023, 05:37:01 PM

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.

It all depends on the knowledge we have in trading and what we can do with it. There are people that have such a great knowledge in trading but are still scared to trade because of emotion which is the killer of all trading ability.
There are some newbies that are still having this challenge in there trading career and one of the ways to get things done is for us to make sure that we don't spend much time demo trading because this is one of the areas we can become a weak trader that will not be able to go alive with the ability to trade with risk of earning frim the market.
The crypt market is volatile and the only way we can trade successfully and earn from the market is to trade with confidence of using our strategies to earn from the market.

Well yes, there are traders who know what to do in an exact situation but still fails to do the right thing because their emotion ruins it. Losing your patience is a part of your emotion that is ruined by the situation, not controlling your emotion will result in having no patience at all. Even experience traders suffers from having bad trading moves because of the emotion they currently have. I admit it myself, I trade for years now but sometimes my original plan is being changed because of somekind of fear that I might lose on a trade. Maybe it's my gut but yeah, sometimes emotions ruins our trading plan.

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