Topic: Importance of emotion while trading - page 6. (Read 807 times)

Of course it will greatly affect decision making, and usually it is a decision that misses or is less precise that they take, none other than that because they make decisions when they are not in a good or calm position. That's right, although emotions can trigger a problem but it will not always be like that, I say everything will look or run well if you or they are able to put things in their place or in the portion that should be.

This is a trade that really requires calmness and also clear thinking to make the right decision, so if you absolutely cannot regulate or control emotions in yourself then obviously you will not be able to make the right decision when trading and usually will always end up losing. So the point is we must have good control and planning in terms of trading because only that can help you in achieving the profit targets that have been set at the beginning.

A very smart way on making yourself that getting still in track or in line on your trading activity or career on which the main priority should really be making greens or profits no matter how big or small it would be on which means that you are really that doing good and something that should really be continued because you are really that doing fine. You would really be making out some adjustments later on if you do see that you
could really be already to sustain on what you are doing or would really be able to make out that kind of survival on this unpredictable space. Mistakes are inevitable but once you do able to experience those things then
you would really be normally be able to make out adjustments if ever you would be encountering on the same scenario or situation. Emotion handling is hard because we are just humans and we dont really like on losing money and this is why on the time that we are seeing the price is really declining and making those % negative in our accounts then it would really be just that normal for people to have such reaction.

Emotions or anger control them in making decisions and then they are asked to make decisions. If people do not have emotions then people will not be interested in doing any work so it is good for people to have emotions but they must be used properly. You have to have control over your emotions, when we have too much emotion or when we have too much anger, emotions will prevent our brain from making the right decision. When we take a wrong decision in trading it will directly affect our money and you definitely don't want to lose money by trading so it is better to control emotions while taking trading decisions.

I couldn't agree more! A profit is a profit, and no profit is too little or too much. Sometimes, we do not recognize profits that we consider as "too little" because we are expecting for too much. And you're right, I have read several replies in different threads which tells that people who are often controlled by their emotions tends to result to a major loss and being greedy is one of the major factors for this. I believe that we cannot completely detach ourselves from greediness because it's all in us, but what we can do is to learn how we can control and manage it. Still, there is nothing wrong with expecting more, but sometimes we have to be grateful even in the littlest earnings that we had, because at the end of the day that is still a profit. But again, all the lists and the advice here are easier said than done, learning to control your emotions would take a lot of time and that is fine.

To some extent, emotions may be a helpful source of drive and awareness. They can motivate traders to keep educated about market circumstances and take prudent risks, which can result in profit. Excessive emotions, such as greed and fear, might, nevertheless, be harmful. The trick is to use emotions to increase attentiveness and enthusiasm while without allowing them to cloud judgment. Trading is a smart art of combining reasonable risks with the appropriate attitude, not just being heartless like a computer.

because sometimes it is difficult for a trader and we often forget to stop and exit the trade when we have made a profit. it means the trade was not planned well enough, and being greedy will only result in us possibly losing.
I experienced that myself in the past. day trading with some profits, but I felt the market was good and I continued to enter some other assets to trade. in fact it actually provides losses when we think that all assets will produce the same profit when the market is in good conditions.

The most important of all is this.
In trading, we shouldn't only look after the profit, sometimes we encounter failures and experience losses that should we learn in the future not to happen again.

Trading isn't all about gaining profit, it's also about gaining knowledge, so losses are a part of it in order to learn from those mistakes.
So don't forget stop-loss as always be in your plan.

Simple as taking profit is being forgotten by many due to the emotion as they trade. Never ignore that feeling when you should take profit and it's together with not being greedy. When you're not greedy and you're making some decent money through your trades, you'll have a good thinking and mindset that what's enough is enough. But when you're greedy and you're making but you're not satisfied from it, you're not also going to recognize how good you are and you'll mostly think that there's something wrong with you.

This part is, most of the time, the reason why most newbies enter this field of business. Because, if we look at it, there really is no other reason.
In my opinion, it is a given that we will actually make a profit here, and that is also the aim of Bitcoin and why it was created.

But we should also consider that it will not be easy to make and get the profit we desire and expect. It's better to know the right thing so that we won't be disappointed in the end, because if we do this, for sure profit will follow willingly.

It's easy to just compile a list and post it here even if you don't know much about trading, so I will like to ask you one question, are you a professional trader? If you are not a professional trader, you shouldn't give advice about trading. We all know money is involved, so you have to be very careful. If you don't have experience, don't give advice on how to trade. I went through your posting history, and I can only see the bounty report and a few posts on you local board.

You want people to start thinking they will become poor after investing? or do you want to become poor after investing? I agree with the first statement that you made, don't expect too much profit, even when the profit is small, always take your profit. You can't invest a small amount and expect to be rich within a short period of time, but that doesn't mean you shouldn't expect to be rich after investing a reasonable amount.

After some people notice a slight increase in price, they will end up selling their coin, so I also recommend that when investing, don't check your investment often since the investment will be for a long time. You can't just login once in a while to monitor your investment.

That's not enough, whether it's extra money or not, money and emotions can be taken care of with proper risk management and execution.

Not only stop using the leverage form for a long time I used to endorse in my posts that the newbies should completely avoid leverage trading because it seems attractive in profits but in reality, it's not. A newbie can easily get trapped by the market even while moving sideways in leverage trading. Better learn and experience the Sopt market. It's not less rewarding if you're a disciplined person.

Any good advice always works, it doesn't hurt, what can hurt is not understanding your emotional capacity and the attitudes to carry out that work, it's that simple, sometimes it's not about emotional strength, it's just that it's not for You, it's that simple, commerce has two ways of approaching it, the experience itself of doing commerce for individual needs and based on that experience, entering the niche as a merchant,

There are people who want to dedicate themselves to commerce and never have a previous record of experience at the user or client level, then have the experience as a user and enter a world that you can identify that is made for you.

The emotional factor is a key that helps you perform in many areas, so before favoring the emotional experience by reading some advice you must train it with a lot of practice, it is a fallacy for example to say,  "you do not look at the asset at every moment," ok, that's how it is, then, activate a notification that tells you the price that interests you, comeon, this it easy.

The example that I like the most in the emotional comparison is a marathon, the marathon is not a race, races can start with 10km, 25km and even 1.5km, etc. A marathon is 42 km, although you run it, just like in the 10km or 1.5km, the emotional degree is different, so, you become an expert in where you feel best after trying it. Trading is the same, there are many variants of trading in which you need different emotional approaches.

In fact, "*I would tell anyone to try everything that OP does not recommend doing, that will give you experience, your emotions adapt, and mistakes help you improve your emotional skills.*"

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^{"*"I'm giving a figurative meaning here, even sarcastic, thank you. And it's not investment advice"*"
Km=kilometres}

Exactly, Understanding what you are doing is basically the key to emotional dealing, this brings my memory back to when I was a newbie trader, I was trading with emotions because I had no proper knowledge about trading, exited trades when the market was on correction, and the worst of it was that I was using high leverage and a little bit price move above my entry point I'm already on huge lose and emotion already come into play.

To manage emotion don't trade with money you can't afford to lose.
Stop using high leverage or lot size and manage risk.

TBH, this is one of the most widely covered topics here in this section, with almost every perspective. I want to comment on this particular point where I want to say greed control is important but here a psychological barriers between fear and greed which most of the time motivate you to book the profits earlier, compared to the real potential.

Put yourself in a real-time situation where you've taken a trade without stop loss, and take profit and now the market is going against your trade, in a 10% loss you show patience and the market continues to move against you 20% loss still holds the trade, now the next to trade you bear the pressure of loss but when the market goes in favor even on the 2% to 5% profit on the trade most of the time you try to book here it is what we call FOMO.

You should wait for the true potential at least semantically you need to be greedy, and this greed may vary in accordance with market developments.

Nowadays, I would advise any newcomer to immediately get involved with bots and have a bot execute the trades (after an extended period of paper trades, of course). By keeping the emotions completely out of the trades, the chances of success are significantly higher, especially for newcomers. Otherwise you will quickly find yourself in a situation where panic dominates your own trades ... how that ends I think we all know.

There are also very good bots on the market, both free and paid. They are not particularly difficult to learn and can now be supplied with a variety of different (tested!) Strategies.

Trading is all about risk management. If you are taking the risks which you shouldn’t be taking, it will make you nervous and the more nervous you are, the more mistakes you will make. In the end these bad trades will cost you money. You need to be emotionless like an npc while trading. It is the only way to win this game. Remember most people use algo-bots and that means you are not even trading with real people. You are competing with bots. These bots don’t have any emotions and you should be exactly like them. If you can’t do this, you shouldn’t be trading or should use bots just like everyone else.

First and most important, only invest in Bitcoin. If you can not control your emotion for your investment in Bitcoin, you will be more erratically emotional with altcoins.

Because if Bitcoin drops 10%, altcoins will fall like 20% or 30% so I am sure you will face with more serious roller coasters with altcoins than with Bitcoin.

Start with Bitcoin to minimize your loss by emotional panic and if you already succeed with investment in Bitcoin, already join the market a few years, you will understand this market and will be able to control your emotion better for investment in altcoins.

With altcoins, risk is bigger, loss might be bigger too. Your emotion will be more fluctuating than with Bitcoin.

Exactly, of course there are quite a lot of factors that will affect the movement in each particular market, one of which is in addition to basic things such as supply and demand in fact the impact of news as you mentioned above also has a considerable influence on the market itself, so of course it is true as you say when we become a trader then we must continue to dig up various information from every source and also maybe some references from people who are already experienced in the field. That's what is very dangerous, greed, therefore maybe before you enter the trade also surely you have heard that the role of greed is absolutely not recommended in this profession, none other than this will greatly endanger yourself, instead of getting profits but instead end up with losses. Although well as we know that greed must exist in every human being but it will always be a bad start for any field or any condition that you are experiencing.

Therefore it is highly recommended for every trader especially for those beginners who just came to build their best plan, especially in terms of take profit and also stop los, it is very important in your trading journey, and also it will be able to prevent you from greed. It doesn't matter if you can only get a small profit on each of your trades, it's better to be small but consistent and also on the other hand your risk will not be too big instead of looking for a large profit which of course will be very difficult to get and also if you look in terms of risk it is very large, so it's better to be small but consistent, that's all because as you said if it is multiplied in a month or a year then it is quite large.

1. If you do have that kind of belief and imagining on becoming rich with trading on easy way then dont wait for your life to get messed up because of those wrong assumptions.Everything cant be easy!.

2. Always DYOR. stick into those projects which does have utility and dont make yourself get easily FOMO on the time you do read up others sentiments because it would really be
just dragging you on making bad decisions.

3. Cant really resist on not to look up on the coin you have invested, of course you would really be liking on checking its price every now and then.  

4. Depends on what type or kind of investor or trader are you.There are ones who do actively deal up with the market but there are ones who do tend to hold for long term.
It would really vary.

5. Easy to say but would really be that hard to be done specially if you do see your portfolio is going down. then it is really that just impossible
that you would really be making yourself that numb in speaking about emotions.It cant really just that possible but with due have that enough experience
then it would really be that just giving you the idea on what are the things that must do.

This point 2 must be underlined (What I have explained also includes point number 4). That analysis before making a purchase or investment is the most important and first thing that an investor or trader must do. Don't let an investor/trader make a spontaneous purchase due to FOMO or other factors without detailed analysis, what happens instead of being a profit but a loss due to falling prices and then panic selling. At least the results of the analysis made can provide more rational choices in making all investment or trading decisions.


I think many people know that emotions are a source of profit and loss. If someone is able to control their emotions most of them will get the benefits they have at least planned for. On the other hand, uncontrolled emotions usually have a worse impact on investing and trading, resulting in losses and even loss of investment/trading funds. Greed includes uncontrolled emotions.