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Topic: Emotional day trading - page 8. (Read 2258 times)

member
Activity: 111
Merit: 10
August 26, 2018, 09:55:51 AM
Most emotional time in the day I think must be after you wake up from night sleep. I got very bad experience over this since so many bad buy and sell because of this.
full member
Activity: 476
Merit: 100
August 26, 2018, 09:23:45 AM
Day trading requires experience and skills to be able to gain something. This is a strategy which will take much of our time due to the need to monitor market movements on a regular basis. The downfall of day trading though is that we won't be able to gain fully on the potential of a token's value.
member
Activity: 420
Merit: 50
August 26, 2018, 09:15:15 AM
Emotional trading is the best way to lose all your money. When you don't have the ability to control your emotions it is not trading. It is gambling. When someone falls in to gambling mentality, he or she doesn't know what will happen to his capital until he lose everything.
It's a bad decision to daily trading coin when you're highly in emotion which it can affect your decision making and it can take losses of coin as well so I suggest you not to greedy and calm every transaction you may taken.
newbie
Activity: 140
Merit: 0
August 26, 2018, 09:01:31 AM
Emotional trading is the best way to lose all your money. When you don't have the ability to control your emotions it is not trading. It is gambling. When someone falls in to gambling mentality, he or she doesn't know what will happen to his capital until he lose everything.
legendary
Activity: 2898
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
August 26, 2018, 08:59:04 AM
Indeed emotional can ruin our way to earning money from trading because emotional can ruin what ever method would you use and usually you will being panic after too emotions but very difficult to maintain our emotions when facing downtrend or uptrend and usually our knowledge regarding analysis market will not working well eventually
newbie
Activity: 211
Merit: 0
August 26, 2018, 08:56:24 AM
Certainly. In this area, composure and calculation are very important. Only the ability to calmly analyze the situation will help you not to get lost and make a profit both in the fall and with a sharp rise in prices for cryptocurrencies.
in trade it really needs calm because the market is very difficult to guess. You must be more careful in analyzing coins and markets. there are many things that affect the price of coins. but I agree with you if there will be time when prices will rise so just wait until the time comes.
member
Activity: 420
Merit: 10
August 26, 2018, 08:48:01 AM
If you are using emotions trading anything whether its crypto, stocks, forex etc. you have already lost. Emotions in trading make you buy and sell at exactly the wrong times. I know, I've been there.
I fully support you, because it is emotions that contribute to the wrong actions, which today very much upset people, because they simply lose their deposits, I am sure that today there is a high probability that people are very often exposed to emotions.
member
Activity: 126
Merit: 10
August 26, 2018, 08:43:54 AM
If you are using emotions trading anything whether its crypto, stocks, forex etc. you have already lost. Emotions in trading make you buy and sell at exactly the wrong times. I know, I've been there.
copper member
Activity: 420
Merit: 2
August 26, 2018, 08:41:42 AM
I think the best way to invest into a coin is not just looking at charts from exchanges. They can be very deceptive. Some whales can just manipulate the price to lure new investors into it and then dump on them
jr. member
Activity: 93
Merit: 1
August 26, 2018, 08:38:29 AM
Certainly. In this area, composure and calculation are very important. Only the ability to calmly analyze the situation will help you not to get lost and make a profit both in the fall and with a sharp rise in prices for cryptocurrencies.
hero member
Activity: 714
Merit: 500
August 25, 2018, 03:08:38 PM
Do not do emotional day trading.

I have lost nearly 1500$  over one night.  we think this is the best coin for day trading seeing only the chart increment percentage.  then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
Crypto buying and selling, as well as abilities involved with buying and selling crypto as well as fiat, tend to be much larger than your own feelings. Whenever you perform a solitary much more industry compared to you really prepared to complete a person start to dive into the large abyss associated with deficits. It is recommended to follow along with your own focus on arranged for any specific daytime and never allowing your own feelings provide you with aside.
full member
Activity: 378
Merit: 100
August 24, 2018, 05:41:52 AM
Do not do emotional day trading.

I have lost nearly 1500$  over one night.  we think this is the best coin for day trading seeing only the chart increment percentage.  then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.

Right. When trading, what you need is a cold head. You should not put too much emotion into it. It will only cost you more. And you have to analysis market to make more profits
jr. member
Activity: 65
Merit: 1
W12 – Blockchain protocol
August 24, 2018, 05:26:12 AM
I think to trade cryptocurrency, you need to understand the system. You need to constantly be "in the subject" and study the crypto-currency markets.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
August 24, 2018, 05:25:59 AM
Do not do emotional day trading.

I have lost nearly 1500$  over one night.  we think this is the best coin for day trading seeing only the chart increment percentage.  then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.

Fluctuations can take a toll, buy nears the peak, and panic sell when the lower limit is almost close.
I think trading with emotions, and repeating mistakes several times a day will make people lose a lot of things, especially trust in this industry.
If you know how to work with fluctuations it can bring decent earnings the sway will guide you when to buy and when to sell your coins, emotionless trading needs to be perfect if you will play with shorting the market, as what OP's said it's really risky when you allowed your emotions to take over your activity, you should be blindly move according to your plan Everytime you are inside this market.
sr. member
Activity: 602
Merit: 250
August 24, 2018, 05:17:56 AM
Do not do emotional day trading.

I have lost nearly 1500$  over one night.  we think this is the best coin for day trading seeing only the chart increment percentage.  then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.

Fluctuations can take a toll, buy nears the peak, and panic sell when the lower limit is almost close.
I think trading with emotions, and repeating mistakes several times a day will make people lose a lot of things, especially trust in this industry.
newbie
Activity: 98
Merit: 0
August 23, 2018, 05:48:10 PM
yes. Emotional must be discarded in your mind if you don't want your money to disappear all in one night....
member
Activity: 276
Merit: 10
BitSong is decentralized music streaming platform.
August 23, 2018, 05:41:19 PM
Yes. Such a night. I have happened that I did not earn$ 1500, which could, overnight, due to the fact that early closed the deal.
newbie
Activity: 238
Merit: 0
August 23, 2018, 12:39:44 PM
For trading we need 20% of knowledge and 80% of emotion controlling ability. Anyone who doesn't have the ability to control their emotions while trading will not be a successful trader in long run. For them, trading will be a good option to lose their money quickly.
newbie
Activity: 69
Merit: 0
August 23, 2018, 12:29:05 PM
Generally on emotions better to do nothing, and especially to trade cryptocurrency. Here we need a deliberate, balanced approach.
newbie
Activity: 224
Merit: 0
August 23, 2018, 05:41:40 AM
Yeah, emotion is very bad factor in trading, we are easily to lure into it and make the wrong choice. I am so sad to hear that you lost $1500 in one night. Years ago, I saw a friends play with emotion, he could have won but then he let it control and end up run out of his asset. So, always set up your limitation point to stop before to late.
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