Topic: Leave emotions at home - page 8. (Read 1501 times)
I completely agree. If you plunge into the world of cryptography, then you should be prepared for the possibility of losses due to unprofessional decisions, but this is not a reason to succumb to emotions.
In work should not be place emotions, should be calculating and cold-blooded the mind and mind. If your emotions are dominated by hell you will not succeed.
We have an emotion when we see a market that is not good, let alone the coin we hold down is free and ready to dispose of it immediately. To ease emotions is a bit difficult and revenge for this trade requires logic. And all this can be regretted after seeing the market go back green. Learning to deal with self-emotions is needed, with patients in monitoring the market situation that is needed.
Crypto trading is not a easy thing. You should be a good analyser to predict the movements of price. Good knowledge and experience s needed. You should understand the risk and take necessary steps to minimize it. After having all these things, you should control your emotions. It is really important. Otherwise you can not be successful.
Sometimes when we are making investment and turns out that it is not good, or turns out that it is a little way off, we should not play by our emotions and make a backup plan and improvise possible move to withstand losses. Because emotions will never help you. In this system, cryptocurrency should not be played lightly by our emotions, instead proper decision with the presence of mind is needed.
There is no way emotions won't play in when you see people that went big on a project and end up losing more than 80% of their investment, what I always ask people before investing into any project is if they can afford to lose the money they want to invest, most people get carried away and think that the performance of A project would equate into B project
Most traders (especially new ones) don't realize emotions are their enemy and in particular fear and greed. Those emotions drive traders to make stupid decisions that, upon reflection, are irrational. As a result their trades aren't successful and they wind up losing money.
A good trader buys low and sells high, and this should be obvious to anyone who has ever played the game of trading. When you cannot control your emotions, you often times do the exact opposite...buying high and selling low.
I understand very well that it is difficult not to fly into a panic when prices are dropping like rocks, but such a reaction is precisely what a good trader avoids doing. The same principle applies when prices are soaring. The temptation to buy is overwhelming because you see so many other traders making money, but if that greed kicks in you might just be buying right at the top of the market like so many did when bitcoin was at $20,000. Most of these simple mistakes could be avoided by keeping emotion out of trading altogether. Unfortunately there seems to be only a select few that can actually pull it off.
A good trader buys low and sells high, and this should be obvious to anyone who has ever played the game of trading. When you cannot control your emotions, you often times do the exact opposite...buying high and selling low.
I understand very well that it is difficult not to fly into a panic when prices are dropping like rocks, but such a reaction is precisely what a good trader avoids doing. The same principle applies when prices are soaring. The temptation to buy is overwhelming because you see so many other traders making money, but if that greed kicks in you might just be buying right at the top of the market like so many did when bitcoin was at $20,000. Most of these simple mistakes could be avoided by keeping emotion out of trading altogether. Unfortunately there seems to be only a select few that can actually pull it off.
I didnt understand of meaning this post. This is virtual area , so why you are thinking like that. What kind of emotions are you talking about 
Emotions never help in business! Only a cold mind and calculation will help make money. Cryptocurrencies are a very stressful business and it is better to invest only free money in this market.
Yes, 100% agree with you, there is no place for emotion in the crypto market, in fact, emotion is useless in every sector in working life. So to be established and succeed in crypto business investor need to leave emotion at home otherwise emotion will bring a lot of losing.
I find that it is particularly hard to dissociate away from your emotions because the crypto investments is all you think about but I do see your point and I do agree that we should make more of an effort on it.
A good professional surely knows that he must not take any decisions under the influence of emotion. Emotions must not be miss with works because it can create an avenue for a competitor to take advantage of you as will always see in a relationship.
I think this is the right decision. I do not tolerate panic. Because it causes damage. I panicked and lost some of the coins. I believe that emotions will not lead me to success.
emotions dont work well in the market today, because when you react with emotions you get into more troubles!! the market sometimes to me feel it reads my weakness and take advantage of that
For sure! The most challenge for all of us is to have control over our mind, and always seek to act by reason, and never by emotion.
Sometimes when we are making investment and turns out that it is not good, or turns out that it is a little way off, we should not play by our emotions and make a backup plan and improvise possible move to withstand losses. Because emotions will never help you. In this system, cryptocurrency should not be played lightly by our emotions, instead proper decision with the presence of mind is needed.
emotions are for those part of lives where people have relationships; but please, what relationships can one have with a digital currwncy?! it is only harmful. a good practice is meditation, honestly
Is it possible not to work with our emotions especially while losing? I know it is very important to make a clear decision but at the same time our emotions is always there.
Sometimes when we are making investment and turns out that it is not good, or turns out that it is a little way off, we should not play by our emotions and make a backup plan and improvise possible move to withstand losses. Because emotions will never help you. In this system, cryptocurrency should not be played lightly by our emotions, instead proper decision with the presence of mind is needed.
Sometimes, one of the things that can make us to attach our emotions to trading, is when we have invested more than we can bear into crypto and it begins to work out of course or that we have put all our eggs in one basket. What do i mean by that? Someone who has just 1 eth and now invests the whole eth at once without having reserve for future purpose or as plan B.
The trade could be sometime good and other time way bad but the main issue is to keep the motive on and try when you think is better , so don't let your emotion control you over trading .
The risk of encryption investment is huge. If you don't have a good attitude. Then you can easily lose your money. In the encryption market. we must do a good job in Stop loss. Don't let your emotions control you.
I wouldn't say to create an improvise one because that's just a temporary solution. But if something goes wrong with your first plan, always create a plan b which you think going to be effective when those unexpected times comes. Don't let your emotion pull you through your plans becase dwelling with it will definitely going to a lot of losses. Don't play with your emotion and don't ever let yourself down once again if you already did.
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