Trading with a business mindset is the right choice, but when trading is done to get rich quick, that's where the poverty starts. For me Error = sin. So repent, and don't repeat the same mistake in trading again. The average person makes mistakes not because we don't understand the system/rules, but more because we follow our passions (emotions). By following our passions and making mistakes on purpose, it means that we inevitably have to be ready to accept punishment (losses in trading).
In essence, when trading, losses are natural, as long as it has certain limits, it's like opening a business, not every day it's always profitable, but in a matter of accumulated months and years, it's still profitable and the business can continue to grow.
when trading or investing, we must be aware of the amount of capital and the fair percentage of profit, we must realize what is the fairness of investment, we must know when to stop and must know when it is time for us to take profit.
and the worst risk of investment is the total loss of all our capital, and we must be prepared for that.
Topic: ~If you must trade~ - page 4. (Read 790 times)
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.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.
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 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.
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.
Both are important factors that traders must be able to minimize, emotions can control traders not to get involved in irresponsibility and patience as a basis so that we don't think about pursuing wealth in a short time by ignoring the level of risk contained in itBut 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.
Traders are more at risk of loss than investments and market travel no one knows for sure because it can change so quickly, this is where patience is needed which must be controlled so that our emotions are not excessive and do not cause losses. No one can give a picture of the advantages of traders who work regularly and despite their experience, there are times when they find a loss under certain conditions. 
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.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.
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.
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.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.
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.
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.
Maybe we often read and see advice from very professional crypto trading experts, where experts often say crypto trading requires knowledge, as well as actions that are often carried out by traders in general, emotional, greed, recklessness, ambition, without calculation and so on that can damage the crypto trading process that you want to do.For that it is highly recommended for those who have a desire to enter the world of trading, need to understand, be thorough, be patient, consider before doing it, it's all for the sake of the continuity of the crypto trading process that we want to do to earn well, not the other way around, don't rush into trading even if you have 30% knowledge understand the risks before you do it and study until you master the whole thing.
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 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 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 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.
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 believe both are related and also important for traders. but controlling emotions will be better to watch in trading. Patience has to do with trading planning that has been designed from scratch. while emotions relate to the progress of your trade. but both are needed by traders to make their trades at least according to planning. although it is possible that there may be other factors that allow planning to fail. but more experienced traders can of course be more patient and control their emotions. 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 was having this strong contemplation, between emotion and patience which factor affects traders the most.
Everything about and around trading revolves round emotion. Patience is an attribute of emotion just like crying, excitement, anxiety, joy, depression, loneliness etc. Anyway, I get your drift in trying to make a dichotomy between both. If anyone is able to control their emotions and not trade on impulse, we're still saying the same thing about patience. It's often said that patience is a virtue in trading. Nothing kills a trading plan faster than the lack of emotional control. 
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.
If you have patience, of course emotions will no longer be obstacles because patience is a way to control emotions, usually what makes traders emotional is when they see that their trades are not going according to expectations, especially if these traders are always depending on the news circulating for their analysis. That is why a trader must have deep knowledge of the coin he chooses to trade, with deep knowledge of the fundamentals of the coin, but almost all altcoins don't have good fundamentals, because often the developers of these altcoins are involved in pump and dump.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.
Trading in Bitcoin will make it easier for you because you will be able to patiently wait for the price to rise, although in the short term unless you take a very large profit margin it will be difficult because the price movement of bitcoin at any given time will be corrected.
Trading with emotions will never bring any positive effects in the end. Instead, it could be the reason for an instant loss because of wrong decisions that are made once you consider your personal emotions while trading.
I know what emotion you mean - but not all decisions are ultimately wrong. Trading that is done without analysis and research is a form of trading that is made based on negative emotions [expecting profit from luck]. Whereas if they do it starting with analysis and research then it's a decision also based on emotion - but it's positive.However, I know emotions are hard to separate when we trade but what else could we do?
Nothing - but try to put forward positive emotions instead of negative ones. 
Being emotional in trading will lead you to become impatient on the result of your trades, and being impatient will force you to take wrong decisions that will only damage your trades. That’s why if we can avoid being emotional when trading, then it’s the best thing to do knowing our own emotions are the best enemies when we decide to trade. If you think you are incapable to control your emotions, then it’s better to avoid trading at first so you can avoid some inevitable losses.
In fact, a trader needs to understand good trading psychology so that he can avoid various wrong decisions.
Trading psychology plays a role in emotional control, greed and decision making so that they can make decisions that look right according to their plans. Emotions are one of the many things that encompasses trading psychology, so of course it is useful for traders to be able to control their emotions.
If a trader has a good understanding of trading psychology, then I think they will be able to minimize trading risks including the risk of loss. Trading experience and other technical understanding will also help, they are both necessary for a trader to be successful.
Trading psychology plays a role in emotional control, greed and decision making so that they can make decisions that look right according to their plans. Emotions are one of the many things that encompasses trading psychology, so of course it is useful for traders to be able to control their emotions.
If a trader has a good understanding of trading psychology, then I think they will be able to minimize trading risks including the risk of loss. Trading experience and other technical understanding will also help, they are both necessary for a trader to be successful.
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 overzealousness.
The more years you spend as a trader the more experienced you become and the more losses you hit the more lessons too. If you ask me all the above-listed points are important and non should be neglected. But if you can avoid greed as a trader, it will save you many things that lead a trader to encounter many losses.
Lastly, being patient with trading setups will save you and reward you greatly.
Trading with emotions will never bring any positive effects in the end. Instead, it could be the reason for an instant loss because of wrong decisions that are made once you consider your personal emotions while trading. However, I know emotions are hard to separate when we trade but what else could we do? Emotions will never be good for trading so we should at least try to avoid trading with high emotions inside. Otherwise, we will only waste our time and effort and yet, trading still end up unsuccessful.
If one control his emotions then he is become in patience which means that controlling one's emotions will have a strong effects on the rate of success. But a person should not too in patience that all the beneficial moments passed away and he do not achieve anything as making better choice under better timing is very crucial.
Other factors are also very important and we should control these factors too just because greed is the cause because of which lots of people's end become fallacious. I think greed and patience are a part of emotions so if one control emotions both these factors will be under control automatically, greed can be control but natural emotions are something which is hard to control but we can try to do so.
Other factors are also very important and we should control these factors too just because greed is the cause because of which lots of people's end become fallacious. I think greed and patience are a part of emotions so if one control emotions both these factors will be under control automatically, greed can be control but natural emotions are something which is hard to control but we can try to do so.
Emotions are the best enemies when trading. When you have uncontrolled emotions, your trades will be ruined and will definitely end up failing and losing your future profits. That is why never trade with high emotions involved, as it can never help you in making your trade’s successful.
Patience on the other hand is very crucial in trading. If you trade impatiently, you will never hit your target but will only make you resort into wrong decision making. So for me, both can affect the future of your trades so they should be properly managed when you decide to trade.
I feel you that was my struggle when I enter trading it makes me more emotional when the time that the market fall and sometimes I just get hype by someone so I heavily invested in shitcoins which I believe I can earn a lot in small span of time which is not , that's why I stop for awhile and process my thoughts that whatever I will invest i need to control my emotions, I will not do panic selling. Patience on the other hand is very crucial in trading. If you trade impatiently, you will never hit your target but will only make you resort into wrong decision making. So for me, both can affect the future of your trades so they should be properly managed when you decide to trade.
Emotions are the best enemies when trading. When you have uncontrolled emotions, your trades will be ruined and will definitely end up failing and losing your future profits. That is why never trade with high emotions involved, as it can never help you in making your trade’s successful.
Patience on the other hand is very crucial in trading. If you trade impatiently, you will never hit your target but will only make you resort into wrong decision making. So for me, both can affect the future of your trades so they should be properly managed when you decide to trade.
Patience on the other hand is very crucial in trading. If you trade impatiently, you will never hit your target but will only make you resort into wrong decision making. So for me, both can affect the future of your trades so they should be properly managed when you decide to trade.
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 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.
^Definitely right and I agree.
It is a part of being human, and it can be a driving force behind our actions and decisions, including in trading. Emotions can provide valuable insights and intuition that automated bots may not possess. As you rightly mentioned, it is not about eliminating emotions entirely but rather learning to manage and channel them effectively while trading.
It is all about finding the right balance between being driven by emotions and making good decisions in trading.
Albeit seldom mentioned on trading books a great deal of the success of a trader comes not from their strategy or some innate ability to read the markets like the palm of their hand, but from their ability to remain calm under the most difficult circumstances.It is a part of being human, and it can be a driving force behind our actions and decisions, including in trading. Emotions can provide valuable insights and intuition that automated bots may not possess. As you rightly mentioned, it is not about eliminating emotions entirely but rather learning to manage and channel them effectively while trading.
It is all about finding the right balance between being driven by emotions and making good decisions in trading.
Money is not made by traders every day in a slow fashion, there are days in which you need to take a choice, if you take the wrong one you will lose money equivalent to months of work and if you take the right decision then you will earn months or even years of income, and it is precisely on those moments when we need to remain as calm as possible as that is when real money is made or lost.
Jump to: