Never Trade On Emotions - page 10. | Bitcointalksearch.org

bitkanu

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Cryptocurrency trading is not done through Emotion.

The emitions can affect the decision of the traders. Did you see how many newbies were only following to trade without try to do a lot of research before? that proves that if the newbies were also putting their emitions rather than DYOR. DYOR can be affected by the emotion. Remember that there are lots of greedy people but they are getting lose after the pump has gone. that proves that if our emotions were also playing a lot in this game.
It's not only DYOR but we must also control our emotion

speedforce

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Quote from: bitkanu on July 26, 2021, 06:21:29 PM

Some can be called as a loosers when he was cutloosing his investment. That being said that as long as that guy was not cutlosing it and then he will fine with it. his portfolio can come to get a big pump anytime. As long as it's a good asset and selling has become the worst decision that can be made by someone. Trade with emition is just only making you to did a bad decision.
The newbies were always doing this due to the volatility in the market. They were cutloosing their investment caused by the dump makes them all feel panic.

Its based on what its strategy, cutlossing could be part of his strategy for saving his trading fund and do another trade to found profit opportunity.
I dont think called someone who have cutlose as loosers is a wise thing, they could win another trade while someone who hold keep stucked for months.

bitcoinst

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Any activity on emotions leads only to problems and losses.
Indeed, during such situations, you cannot think critical, your mind is at the mercy of emotions and you do not control it.
In view of this, it is worth learning and acquiring stress resilience skills.

Dread Pirate Roberts

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It happens all the time and I think everyone who trades in crypto must have felt that way. and I think it's a natural thing, the price doesn't go down because you buy . but there is a price correction. indeed the price correction in bitcoin is quite terrible and makes panic. therefore always buy if you feel there will be good news. because of information and news . and the analysis chart in bitcoin does feel works in crypto market. its not completely just guessing up or down.

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Quote from: vabchgent on July 28, 2021, 08:47:49 AM

It could also be whales who use the negative momentum and push it even further while placing short positions. You can never know for sure what exactly causes massive price drops and who is behind it. Sometimes it may be the herd of retail investors and sometimes it may be whales pushing the price down to buy back cheaper later on.

that's what makes the situation in the market sometimes worse and makes people panic. trading with emotions will indeed trap us in a difficult situation.
but if you have a good strategy, even if you trade emotionally I think your strategy can work well.
but it will be more profitable for those traders who can really master it all. strategy and controlled emotions will be a trading weapon for a profit.

TastyChillySauce00

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Quote from: isaac_clarke22 on July 28, 2021, 02:55:21 AM

Quote from: iTradeChips on July 27, 2021, 08:31:26 PM

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The problem lies on where one would start doing a research. Obviously it would be Google of course, but I am pretty sure that many newbies are lost on where they would look at to find that the project a legitimate.
Sure, WPs are there, but there are people that aren't just into technical stuffs.

Like it or not to find out whether a project is good is always from its technical side and that is whitepaper because it contains all the stuff you need to know about a project but usually you can find the summary of whitepaper in youtube and the explanation usually also rather short but to be frank we can easily imagine how a project will become simply from the project description, what kind of problem its gonna solve and what kind of project it is.

Qirtov

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a big mistake if you use emotions when trading. one of the keys to trading itself is emotional control to remain patient under any circumstances. when the market goes down and the coin you buy is priced too high then just hold on, it's better than having to rashly sell coins at a cheap price which of course costs you yourself. therefore you really have to take into account the risks and benefits that will be obtained before buying coins.

vabchgent

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Quote from: Jackl87 on July 27, 2021, 08:24:42 AM

Quote from: mianvicky1 on July 26, 2021, 02:42:30 PM

I would like to give you some advice, Especially to those who are new in the market. Whenever there is a pump in the market, you think you should invest in ALTs And you may benefit from it. But after your investment, the market goes down. When you see the market go down, you think you are losing money, so you sell everything. Again, when you see the market go up, you invest. This way you get hurt again and again. So whenever you have to invest, invest a small portion of your portfolio. So even if the market goes down, you have your portfolio. Never trade on emotions. Calculate well and then invest in it.

I always find it weird to observe all that panic selling going on once the market starts to dip a little and of course once the first big panic sells are starting this triggers a chain reaction with even more people starting to become nervous at first and then they decide to sell even though they did not plan to do so. If you sell directly at the beginning of a market dip that is probably still not that bad if you bought that coins at higher prices, but if your intention was to hold no matter but then you panic sell after you observed the market going down for weeks and weeks that is probably the worst thing you can do because then it is very likely that you sell your tokens at the absolute bottom.

It could also be whales who use the negative momentum and push it even further while placing short positions. You can never know for sure what exactly causes massive price drops and who is behind it. Sometimes it may be the herd of retail investors and sometimes it may be whales pushing the price down to buy back cheaper later on.

capcaypro

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the key to investing in both Bitcoin and altcoins is only one, namely patience, because this is very important because if you look at beginners who are usually impatient and always rely on emotions and greed usually it doesn't end in goodness, maybe we will lose all the assets we have invested in. we have because of that surrender.
don't just look at the positive side when we are in cryptocarensi but it must be accompanied by looking at the negative side of us being here because of course we already understand when we are here the possibility is that there are two when we are patient and really do research well inside a coin and invest in a coin that is good in its volatility will definitely end in big profits as long as we are patient, but on the other hand if we are in a hurry, relying on emotions and all we think about is greed when we see the market going up we immediately sell when they go down a little we I immediately sell it I don't think it will last long. because I have experienced this kind of thinking before and this is my experience and as long as I follow it I invest with greed and emotion in the end I suffer a loss and now I change my way of thinking to be more patient and I can see the difference now I can feel the difference.

flyeers309

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Quote from: Balmain on July 27, 2021, 03:28:20 PM

In fact, this cannot be learned without living. It requires a certain experience. When you invest, you cannot avoid those feelings in any fluctuation, but I think it is important to experience it. Of course, good advice for new investors, it is a little difficult to do what is theoretical in practice, I just wanted to say this.

What you say really true, everyone will learn from experiences and every experiences is different. Today maybe A can solve the problem with B way but does not mean that all traders problems will resolved if they follow the experience of A. But the basic things are very necessary to learn so we understand a little knowledge and not fall into trading and investing in the wrong way.

flyeers309

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Quote from: flyeers309 on July 27, 2021, 09:19:20 PM

Psychological problems are mostly experienced by new and old traders. Markets with movements that are quite extreme can make emotions out of control, especially if we look at charts with small time frames too often. Yes, everyone must learn to control their own emotions

The main problem in trading is emotional control and not everyone is able to overcome this problem. People who are able to control their emotions will make a profit from every trade they make because they are patient in waiting for the right moment to enter the market.

Yes you are right and until now it is also a problem that I experienced, dissolved with emotions and even with good TA can be destroyed as soon as the emotions control ourselves.

isaac_clarke22

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Quote from: iTradeChips on July 27, 2021, 08:31:26 PM

~

The problem lies on where one would start doing a research. Obviously it would be Google of course, but I am pretty sure that many newbies are lost on where they would look at to find that the project a legitimate.
Sure, WPs are there, but there are people that aren't just into technical stuffs.

nurulhmani1280wat

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Quote from: carrigan on July 26, 2021, 06:30:44 PM

It has been a very common condition and mistake done by most traders especially newbies that come to lose.
Personally I myself also often do this, unfortunately.
Trading must be wise and also patient enough besides smart decision and also strategy.
Because, if we are getting panic and hurried up, we can lose our chance to take profits and then lose our assets.
We may be angry, sad, and also mad when we are losing our money in trading, but we are too happy when it is winning.
This may make our emotions unstable enough and not focus on the strategy to trade again.

Yes, I often do this when the market price goes up, and when the market price goes down, I make a lot of mistakes so this time I have to change and don't do it again, thanks guys.

flyeers309

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Psychological problems are mostly experienced by new and old traders. Markets with movements that are quite extreme can make emotions out of control, especially if we look at charts with small time frames too often. Yes, everyone must learn to control their own emotions

ethereumhunter

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Quote from: bastian466 on July 27, 2021, 07:26:12 PM

Quote from: imstillthebest on July 27, 2021, 03:06:08 AM

i dont like to invest when the coin is pumping because i can only buy small amounts coins with my money but ill wait if the coin can still dump but even with this strategy there are still that will panic if they saw another dump happening right after they bought tho the losses that they can get is not high as the other .
in investing its also important to have a trust in the coin you invest so that you can hodl in any entry point .

That's what I'm waiting for now waiting for dump again, it does have a panic effect when I start buying and the price continues to move down to change the situation I have another buy strategy to reduce the risk of losing and usually what happens after there is a deep decline there must be an upward rebound that's what i like

I wonder how much deeper the price will get dump after it rose higher to $39k. If the price is not down below $37k, maybe we will see the phase that bitcoin price will stable at $37k-$39k because these few days, the price is not moving so high or so low. So hopefully, the price will not get dump too deep and stays at that range. But if bad news is coming again, it could make the price get a flash dump because some traders can panic reading that news.

iTradeChips

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Well, if you are going to ask me, you have to make sure that you always do your research before you can make sound decisions. It is always not a good thing to use your emotions, or use your hunches, or at some times use your instinct to make immediate decisions in investment. Investing is not a game that can easily be achieved by getting information from sources that we can say are doubtful or insufficient. I mean this has always been the suggestion of the higher ups of the crypto economy. The veterans of all crypto investments.

bastian466

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Quote from: imstillthebest on July 27, 2021, 03:06:08 AM

i dont like to invest when the coin is pumping because i can only buy small amounts coins with my money but ill wait if the coin can still dump but even with this strategy there are still that will panic if they saw another dump happening right after they bought tho the losses that they can get is not high as the other .
in investing its also important to have a trust in the coin you invest so that you can hodl in any entry point .

That's what I'm waiting for now waiting for dump again, it does have a panic effect when I start buying and the price continues to move down to change the situation I have another buy strategy to reduce the risk of losing and usually what happens after there is a deep decline there must be an upward rebound that's what i like

sirminesalot

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Quote from: iged_war on July 27, 2021, 06:57:02 PM

Quote from: Bitstar_coin on July 27, 2021, 08:31:18 AM

People panic sell any time there is dip because till now people trade with emotions and sentiment more than the belief in crypto and what it will be in future, and the funniest thing is if people don't panic sell the price will not be greatly affected and the everyone will be happy with the price, since it is not possible to control what other people do, everyone is free to do as they want, the action will affect the market and the price will suffer the consequences.

most of them use their emotion not their knowledge to face any condition in market, when bearish or dumped occur emotion will come first and could not think clearly what actually happen to market. Our action in market will have influence to market movement , big or small impact will always happen to price if we realized it.

Quote from: iged_war on July 27, 2021, 06:57:02 PM

Quote from: Bitstar_coin on July 27, 2021, 08:31:18 AM

People panic sell any time there is dip because till now people trade with emotions and sentiment more than the belief in crypto and what it will be in future, and the funniest thing is if people don't panic sell the price will not be greatly affected and the everyone will be happy with the price, since it is not possible to control what other people do, everyone is free to do as they want, the action will affect the market and the price will suffer the consequences.

most of them use their emotion not their knowledge to face any condition in market, when bearish or dumped occur emotion will come first and could not think clearly what actually happen to market. Our action in market will have influence to market movement , big or small impact will always happen to price if we realized it.

But sometimes knowledge doesn't work that much in cryptocurreny market, although we already did the deeper analysis about the coin that we want to buy. Sometimes things happen so fast it could be a massive drop or a massive pump. So i think the most important thing in crypto is always up to date with the cryptocurrency news, if we buy a coin, make sure we already follow the coin's news, social media, the CEO or team social media to make sure we get their information in eearly time before something happen

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Quote from: Om.monata on July 27, 2021, 03:40:48 AM

This kind of thing is usually done by amateur traders. they are not determined by analysis but based on emotional logic. this is very detrimental and must be completely eliminated, so in my opinion it is trading in a healthy way and good calculations

I think the ability to primarily handle your trade with risk management, the healthier and high chance of making more gain and less mistakes you come across. But sometimes, you know the market sometimes is shaky even if you add all the techniques and analysis you have gain all in the market.
For example, people where all bearish and thought the whole thing would plunge below $30k until Bword day when Elon announced his position and SpaceX on bitcoin and the whole thing revive, the same thing happened during Amazon News day. If you have taken short then, that will be huge loss.

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Quote from: Bitstar_coin on July 27, 2021, 08:31:18 AM

People panic sell any time there is dip because till now people trade with emotions and sentiment more than the belief in crypto and what it will be in future, and the funniest thing is if people don't panic sell the price will not be greatly affected and the everyone will be happy with the price, since it is not possible to control what other people do, everyone is free to do as they want, the action will affect the market and the price will suffer the consequences.

most of them use their emotion not their knowledge to face any condition in market, when bearish or dumped occur emotion will come first and could not think clearly what actually happen to market. Our action in market will have influence to market movement , big or small impact will always happen to price if we realized it.

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