Investors their mind - page 8. | Bitcointalksearch.org

doomloop

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Quote from: Wakate on September 05, 2021, 08:28:28 AM

Quote from: Gosgosking on September 01, 2021, 02:56:25 AM

It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose

This is very funny to me honestly cause I need to ask you if you are really a trader or just a prospective trader. Maybe after you have lose some few dollars, you'll know how it felt like to control one's emotions doing trading with bigger loses.

Making loses in trading is not a taboo or a sign of being a weak trader, but the understanding of how trade works is important when loses come onboard. I would want you to read a book called The discipline trader by Mark Douglas. The book will open your eyes on how trading works and how to control your mindset when trading, whether you are in profits or loses.

It is a great book if you are already into this and want to make a bit more improvements on how you handle things. However that book will not suddenly make you emotionless, it will tell you how to trade and how to behave but just because you are told doesn't mean you will do it. I can summarize it for someone who never traded before and help them for their first 2 months by simply saying; learn the TA part of the trading first, then start trading, if you have a loss check why you did and learn from it instead of feeling sad, and when you win then just move it to the next trade, keep a robotic mindset on what you win or lose.

Yes this is it, if you could do that then you are already done with the first few months of your trading life, which not many people can do unfortunately, this is why book is a good book saying what we have been saying here, but not really anything exceptionally new.

Fredomago

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Quote from: slaman29 on September 06, 2021, 02:17:05 PM

Quote from: Slow death on September 05, 2021, 04:58:16 PM

the person must never forget the best weapon against losses: STOP - LOSS is the most important thing as soon as the person intends to buy a coin the person must already have in mind the region where they will put the STOP - LOSS, do not buy coins and forget about put stop - loss... there are cases where bitcoin can drop very suddenly and if the person does not put STOP - LOSS the person can lose a lot of money

Which I even call the basic fundamental of trading (and even can be used in gambling as a max loss setting). If you're not using stop loss, you're not a trader. Simple. Even entry point should be a limit order in my opinion. Anyone trading pure spot and leaving trades without stops or limits, that's just asking for trouble.

That same principle which also being used for gambling a basic or very common, limiting or setting up your target for both profits and losses. If you have that capability, you are safer than those who are not using these features.

Stop and loss if being played well can deliver decent benefits, from the side of benefiting you are well assured that you earned to how you expect the market movements, while with losses, though it's really tough since volatility affects the movements but in some point it's best to have it as you go further the damages might not be acceptable.

slaman29

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Quote from: Slow death on September 05, 2021, 04:58:16 PM

the person must never forget the best weapon against losses: STOP - LOSS is the most important thing as soon as the person intends to buy a coin the person must already have in mind the region where they will put the STOP - LOSS, do not buy coins and forget about put stop - loss... there are cases where bitcoin can drop very suddenly and if the person does not put STOP - LOSS the person can lose a lot of money

Which I even call the basic fundamental of trading (and even can be used in gambling as a max loss setting). If you're not using stop loss, you're not a trader. Simple. Even entry point should be a limit order in my opinion. Anyone trading pure spot and leaving trades without stops or limits, that's just asking for trouble.

Sweetbtc

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Mate! in trading no one can say perfectly about a coin that what will be the coin behavior. Will it go to the moon? Or it will go down? Because all the trading is volatile and you have to keep in mind always that truth and whenever you are going to take it happen, then only you will be tension free and mind will be ok.

Hobo66

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There is both success and lose in trading. As a good investor you always will prefer a strong and successful coin for investment. You will select coin with powerful base and foundation. If the coin pumps a successful investor decide to sell tha coin which he buy at low price and has chance to earn money.

sherenikaw

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We must realize that not all things go according to our wishes. the most important thing is not to panic. if we panic it will mess everything up and it will certainly be bad for our assets. we must also remember that it is not always a profit, there will be times when we get a loss and we must also be ready to accept it. besides that we also need to increase knowledge about trading so that we can trade properly. Prudence and patience are the keys to being able to control emotions, plant them well in us.

Wawa2013

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Quote from: TimeTeller on September 04, 2021, 06:50:59 PM

Quote from: Wawa2013 on September 04, 2021, 06:46:29 PM

Quote from: Fredomago on September 02, 2021, 03:52:41 PM

Quote from: Wawa2013 on September 02, 2021, 03:31:11 PM

~

Turned things into positive vibes, much better to treat it that way instead of regretting and keep living from your past, your mistake is not forbidden that you should always need to dwell with, instead, take yourself to find wisdom from it and start building yourself a good counter in order not to do the same mistake again.

Many traders who are now succeeding do also experienced mistake or losses before they can say that finally they find the right pattern with their investment.

Keep focusing and always find good reason to continue chasing your dream success.

Being in regret and difficult to move on, it will only make our thoughts more negative and of course will have a bad impact on trading which we do.
I agree that we should indeed turn the bad things we experience into positive vibes. If our mindset is positive, making a profit from trading is not
a difficult thing. Positive things can change us to be wiser in making decisions and can also prevent us from making the same mistakes. So how difficult
are the problems we face when trading, must be able to control our thoughts to stay positive, that's one of the best ways to make us successful traders.

In my experience, once you executed your trade, move on and don't look back.
Because if you will check again and again and you found out you should have gained if you wait a lil bit longer, your head will go crazy.
I've been in that position many times but I always tell myself, once I traded, that's it. I can't go back and fret about it.
Just look for other opportunities, and keep in mind that in this trading market, there will always up and down movement and it is up to you how well you catch those good timings.
But once it is done, it is done. Don't blame yourself for making the wrong move because you don't know what will happen next in this market.

Letting go of the trades we have done is indeed a good thing to do, because it can make our minds calmer and easier to move on. Overthinking trades
that have already taken place, it will only make us stressed and difficult to think positively. The past cannot be changed, but we can fix the mistakes of
the past. So always be optimistic when trading, how much we fail, don't think too much. Because there will always be many opportunities for success
in the future. As long as we try to give our best when trading, success should come someday.

kanayaTabitha

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Never put anything you have into one basket, in crypto the investors would probably lose all the assets if they are doing that.
Because no one can predict the pricce movement of crypto and it's important for us as an investors to split our investment to several good coins.
And also if evertyhing bad happen in the future, just move on and take that as a lesson to rise and more profit ahead

Cherylstar86

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Quote from: Viscore on September 05, 2021, 07:39:15 PM

Quote from: lalabotax on September 05, 2021, 06:46:44 PM

It will be based on how well he manages himself before investing.
The investor has targeted and also the period of investment. Some are being long-term investors so that they will not mind enough with the decreased price.
Here, if an investor has been ready for the investment, he will be ready for the risks, including the loss of the money itself. That is why it is better to manage the funds to invest.
Being sad because of losing is normal, but never put yourself in bad condition often after losing. Keep moving on

Crypto trading cannot guarantee profits most of the time so better expect more losing experiences than gaining profits. It is indeed a self motivation first before deciding to invest or trade so you won't come in the market often losing because you have not prepared for such circumstances. The moment you entered into crypto investments or any kind of investments, prepare yourself as things might go wrong far from your expectations.

For me, just don't let your emotions controlled your whole mindset. Be flexible and learn to take things the other way around if things don't go out as planned. Be positive and stay focus to your goal.

Indeed. Crypto Trading is not always earning huge profit but also to expect loses. Trading have a lot of opportunities to each one of us but always remember that there is also risk once your in it. Discipline also is needed in trading since prices are not stable. Discipline and self motivation is needed to make a good decision or to create a better plan on what to be your next move after losing money. Acceptance also for you to accept that there will be times that it won't be in your favor but it is also happening to everyone. You can win some and lose some. That's the reality of everything not only in trading and investing.

Viscore

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Quote from: lalabotax on September 05, 2021, 06:46:44 PM

It will be based on how well he manages himself before investing.
The investor has targeted and also the period of investment. Some are being long-term investors so that they will not mind enough with the decreased price.
Here, if an investor has been ready for the investment, he will be ready for the risks, including the loss of the money itself. That is why it is better to manage the funds to invest.
Being sad because of losing is normal, but never put yourself in bad condition often after losing. Keep moving on

Crypto trading cannot guarantee profits most of the time so better expect more losing experiences than gaining profits. It is indeed a self motivation first before deciding to invest or trade so you won't come in the market often losing because you have not prepared for such circumstances. The moment you entered into crypto investments or any kind of investments, prepare yourself as things might go wrong far from your expectations.

For me, just don't let your emotions controlled your whole mindset. Be flexible and learn to take things the other way around if things don't go out as planned. Be positive and stay focus to your goal.

lalabotax

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It will be based on how well he manages himself before investing.
The investor has targeted and also the period of investment. Some are being long-term investors so that they will not mind enough with the decreased price.
Here, if an investor has been ready for the investment, he will be ready for the risks, including the loss of the money itself. That is why it is better to manage the funds to invest.
Being sad because of losing is normal, but never put yourself in bad condition often after losing. Keep moving on

Oceat

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Quote from: Stunzz on September 05, 2021, 03:50:46 PM

Quote from: Gosgosking on September 01, 2021, 02:56:25 AM

It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose

For whatever loss you make, put it at the back of your mind that a day will come you'll make profit in a way you never imagined and that absolutely will cover for your loss in the past. Know this and know peace in crypto.

To put it in a simple way, one must learn from their mistakes or they will just keep repeating the process until they are all drained out. If you think trading is a way to make an easy money then you are wrong. You should study the movement of the market first before making a trade and don't think that you will always get a profit when you are trading it's not good day always.

Don't think that trading is like gambling if you think you need more luck in order to gain profit, it's not like that. One should do some technical analysis especially in the crypto market since Bitcoin's volatility is quite fast.

Slow death

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Quote from: Gosgosking on September 01, 2021, 02:56:25 AM

It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose

the person must never forget the best weapon against losses: STOP - LOSS is the most important thing as soon as the person intends to buy a coin the person must already have in mind the region where they will put the STOP - LOSS, do not buy coins and forget about put stop - loss... there are cases where bitcoin can drop very suddenly and if the person does not put STOP - LOSS the person can lose a lot of money

Stunzz

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Quote from: Gosgosking on September 01, 2021, 02:56:25 AM

It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose

For whatever loss you make, put it at the back of your mind that a day will come you'll make profit in a way you never imagined and that absolutely will cover for your loss in the past. Know this and know peace in crypto.

milewilda

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Quote from: teosanru on September 05, 2021, 02:22:45 PM

Quote from: Gosgosking on September 01, 2021, 02:56:25 AM

It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose

First of all one should make a risk management strategy this good that one doesn't face huge loss, losses should never be more than the gain you made in a previous trade. But even if you face one there are two thing that you have to do:
1. Quit trading for that day: make sure you don't trade that day, this would ensure that you Don't trade in vengeance with an intention to take your lost capital back because this way you will lose even more money.
2. Learn from the loss: study the trade to find out what you did wrong? What was that didn't go correct? What was wrong with your strategy or your emotions, don't let the loss overtake you and make you think you are a bad trader.

1. When you do make yourself on rage then its better to quit or stop trading for that day which i do really agree with that because this is my common action if i do suffer some losses specially on consecutive manner
where you do need to relax yourself and breath some air and dont easily get dragged with your emotion.

2. Dont chase up losses or really be that impulsive because this is the reason on why you do commit more mistakes and this is why you should be aware of your actions or else then you would face up more problems.

3. Dont think about being rich overnight because crypto investment isnt something like this or how it works.

Ruvi2000sew

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There will always be ups and downs, and if you understand that, you will not be asking these questions. Most likely, you are not yet prepared to bear all of your losses. We've all been there, but as you acquire more experience, it won't bother you anymore. Just remember that this is a common occurrence; just don't get used to losing more.It isn't always a lucky day.

teosanru

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Quote from: Gosgosking on September 01, 2021, 02:56:25 AM

It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose

First of all one should make a risk management strategy this good that one doesn't face huge loss, losses should never be more than the gain you made in a previous trade. But even if you face one there are two thing that you have to do:
1. Quit trading for that day: make sure you don't trade that day, this would ensure that you Don't trade in vengeance with an intention to take your lost capital back because this way you will lose even more money.
2. Learn from the loss: study the trade to find out what you did wrong? What was that didn't go correct? What was wrong with your strategy or your emotions, don't let the loss overtake you and make you think you are a bad trader.

airdata

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For me it is a very simple matter, becouse i know that Profit and loss both is common part of every business. It is impossible that always we make profit from trading. And i believe this that, If I lose today, I will make a profit tomorrow or the day after tomorrow and i strongly believe it.

otundebis

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Quote from: Gosgosking on September 01, 2021, 02:56:25 AM

It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose

Prevention is better than cure! This saying if applied will safe you from emotional rollercoaster. You have to be deliberate about every of your trading moves, prepare for what to do after profit and prevent losses except it's beyond your control! Having a set target, an exit point bases on sound risk management will safe you from pain of loss!

jossiel

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Quote from: Mamun74 on September 05, 2021, 10:59:14 AM

When you start trading or investing then you need to more patience and control yourself. When you winning trading then your mind feel it good.Positive things can change our mind set up. When you are lose trade then you need to control yourself and learn how to get profit. So everyone control yourself and move on.

When you lose your trades.

Don't just call it a lose but you have to think in which part you did wrong and why you've lost that trade instead of profiting. So as you lose, there's the period that you have to extract on that part for you to avoid that mistake again.

Topic: Investors their mind - page 8. (Read 1361 times)