Topic: Importance of emotion while trading - page 4. (Read 825 times)

Correct, sometimes, even though we are aware, when suddenly there is an unexpected situation, our adrenalin suddenly reacts. You know what I mean? That's what emotions do when they are not properly controlled. Let's assume that it is inevitable that we will react unexpectedly. My point is that if that happens to us, we should calm down little by little.

What happens is that we are shocked, and we develop the tension in our feelings even more, so the result will be that you will not be able to think properly. We will overreact, which will result in us doing something that we will also regret in the end.

Emotions dealing is a very important thing that we need to practice as a trader. Most of us or if not, the majority has been in trouble doing this that is why hundred or thousands of traders end up losing their capital and quitting because they just let their emotions controls them. We should have practiced being like a robot, with no feelings and no emotions just to meet the requirements of trading. Emotions really have a huge impact on our decision-making and are one main reason why we fail to achieve our goals despite the thing that we are knowledgable.

As mostly greed kills in trading. If someone is expecting some decent payment then it would be good but expecting a huge profit from any coin, after that coin goes down then would be very hurtful for the trader who has much hope and expectation, as this should be avoided. As we didn't know the market behavior, but a time comes we can assume that something good is coming the way to Bitcoin, as the same thing happens in rare cases but there is also some hope included in that.
Trading is better by doing with a full 100% clear mind and clever mind, one should not listen too many times to others he has to take a step sometimes to get on the path. Calmness would be appreciated in trading for better trading scenarios.

Because managing emotions is very important in trading to achieve success, trading cannot be separated from emotions and this is normal as they say, we are only humans who cannot be separated from emotions. So for me it is important to debate about controlling emotions in trading so that our insight continues to grow and we can take many references.

Managing money properly if you can't control your emotions is also useless. The money will run out overnight due to emotions and ultimately regretting it. Eq (emotional quotient) plays an important role here, so don't let bad emotions dominate you.

Successfully controlling emotions, the chances of success in trading are quite large.
The first and most important thing in achieving success in trading is controlling emotions because emotions are part of the strategy that is most difficult to control in trading activities.
Choosing coins to trade and other factors that are important in trading activities can be easily learned if traders are willing to study hard. But when it comes to emotions, not all traders are able to do it wisely.

Your post is very useful for many newbies as your post clearly explains the five precautions that must be taken while trading bitcoins. Newbies will benefit a lot if they take interest in currency trading if they look at this post nicely. You have very nicely highlighted the cautions about trading through your post. Of course, all of us who trade cryptocurrencies know that the cryptocurrency market is changing very quickly. Whenever we trade, we must trade with time. When the market rises, we must not be restless, we must proceed with patience. There are many people who expect huge profits after trading in crypto currency, they may think they will become millionaires overnight.  Trading crypto currency with such an attitude is more likely to result in losses.

I would say, just do away with emotions when trading, trade with your head and not your heart, for we know the heart to be so tender and easily attached, the head is the dwelling place of the brain, which enables us to think, calculate and take important actions at the time that is right.

Trading with emotions may destroy the trader, it is the same thing as gambling, gambling with emption often times lead to nothing but more loses, the market is never merciful to any trader, it doesn't care how much you have lost and how emotional that have made you become, if you keep on doing the same thing, when the market demand that you do something to profit, you will keep losing trades as well as your money.

Yes, it's true, controlling emotions when trading will determine the final result, so it's important to control emotions in trading. My rule is simple, profit 20%, stop loss 10%. Don't be emotional because emotions will lead you to loss and greed. This has really helped me and my way of trading with less emotional triggers.

Apart from that, in trading we don't call anything a "win". There are only profits and losses. There are no reports declaring “victory” in this regard. Traders need to change their mindset and stop considering profits as a win. Words have a deep emotional impact and when you think of winning, you also think of losing. It was a profound physiological lesson.

The issue of self-control over the trading planning that you do is also related to the trading experience that you have accumulated. we cannot force novice traders not to panic in their trading. This is normal and can indeed cause losses.
Actually, beginners can gather a lot of information that they can use as their experience and try to avoid anything that might cause losses. However, controlling emotions is also related to trader psychology. it is not easy to set or adjust it. it can only develop by itself when we actually have enough experience.

This debate will never end about the impact of emotion on traders. This seems bad most of the time but you need to understand that we are human beings, and it is a natural thing to be emotional when something bad happens in our business or personal life. It's easier to make a money management strategy than control your emotions. Why do we focus on the hardest one most of the time!

Because it is always emotions that are the starting point of destruction in trading, therefore as a trader we are required to have very good self-control, none other than that it will also be very useful for minimizing losses, and also yes as we know we really need calm when trading, where calmness will really help us to find the right decision in the market.

Basically, there is quite a lot to learn and also prepare when we want to become a trader, not only the ability in terms of skills but management, planning and self-control are needed there, but so far what I know that is usually always a problem is the emotional factor itself, which not all traders can handle it well. There are even some who are trapped in their own emotions so that they cannot control their trading and not infrequently end up with MC, so the point is that we must be really careful in terms of trading, the market is very volatile and as much as possible we must take many precautions there so that something unexpected does not happen.

Being able to manage emotions when trading will certainly get good results in the trading we do. It is very important to be able to manage emotions when trading so that we don't make wrong decisions in the trading we do. You are right, to be successful in trading we must have the ability to analyze the market well and make the right decisions so as not to experience losses in trading, if we can do this consistently we will certainly get success from the trades we make.

thats true, doesn't matter if someone is veteran, the feeling of not knowing how the future will turns out meanwhile our assets already falling is worst feeling ever it could definitely tilted us making series of bad decision coming out of our minds which results in massive loss.
being calm, could only be done when we at least know that things will get better or know that something might happens with proper analysis but when the trend just suddenly changing course, its really impossible to stay calm, best course of action would be just think logically despite not calm.

I believe this would also help others to learn. I wrote it few days ago out little experience I got while navigating into trading

That's easy to say, but for most traders, it's not easy to do, especially if they're first-timers and don't have any knowledge of trading yet. Then we know that in every action we take, our emotions do not disappear.

Staying calm is easy to do if the situation is not that tense, but when there is a scenario where the value of the assets you bought suddenly falls, there is a feeling that you will panic if you are not prepared for such situations. But if you are ready, you can definitely control your emotions.

What is certain is that the more stable you are and the more you are able to control your emotions, the more you will reduce the risk of panic and stress levels when trading. It cannot be denied that trading is always related to risks which make a trader easily become panicked and stressed. This can have quite an impact on the results of his trading. So, by being able to manage his emotions and control them under any circumstances, a trader can at least secure his position so as not to make careless decisions at critical emotional moments.

But once again, controlling emotions is not the only basis for success in trading. Because there are several other important factors that influence such as your ability and insight in trading, consistency, discipline, the ability to make the right decisions at risky times, and good focus to be able to work well too.

Haha, According to the recent market developments I would like to recommend the Emotions.

That emotion sucks  , sometimes they even trap a well-prepared person so be very careful while going for in decision such as market condition and never forget your timeline perspective if you're a long-term holder try not to fall for such market sentiments, Ins long term you can adapt the respective strategy as you like.

__BEST OF LUCL AND ENJOY__

That's right and usually it's emotions that are always a problem for most traders, especially for those beginners who haven't been able to manage their psychology in every condition in their trading. When in such conditions we must really be able to fight with our own emotions, where planning must still be applied but on the other hand we feel upset because it turns out that the final result should be in accordance with the analysis but the facts that occur are missed or even far from expectations.

While when we are in a favorable condition, there will definitely be a sensation of excitement that cannot be described along with a feeling of pride that we have been able to make progress. Exactly, I really feel that and that position, where when I managed to get fairly consistent results then I felt like I was great in terms of market analysis, and of course it is not impossible that our vigilance will very likely decrease when in such a position. It is true that management, planning and self-control are very important in the world of trading, because only that will be able to lead us to a profit according to the target and also it will be very useful to minimize losses. Professional traders will emphasize caution and minimize the risk of loss rather than just looking for a lot of profit. Nothing but a calm psychology will be very useful for us to find the right decision when in a market.

The difference between us and bots is that if we can use our emotions better then it could benefit us, instead of hurt us and that should be an important difference. I get that it may not be all that quick at this current moment but that doesn't mean that we are going to always use it right way neither, we could use it terribly as well. We need to learn to control our emotions and not ignore them, because if you ignore your emotions that means you are trying to be like a bot and in that case it would be better to just use a bot and not try to ignore your emotions, bots do not have any emotions and would trade just like you want.

The trick is not to ignore it, the trick is to make sure that you end up investing into something with your emotions intact but being able to control it, that would give you a return that should be a lot better and could definitely result with a greater return without a doubt, we could benefit from it immensely if we use it properly.

You are right. On a serious note, investors could be profitable by flexibility on investment decision at their emotions on the capitalization towards their investment demands strategical analysis to acquire its goal.
And must not be inflated with the crowded decisions to a quick and sudden selling of it coin probably due to the current nature of a downtime.