Topic: Never Trade On Emotions - page 12. (Read 2824 times)
People have emotions, not just newbies, some investors who have entered the crypto market for a period of time will still be affected by emotions. Most of the reasons why novices enter the currency circle are to get rich overnight, and speculation accounts for the majority. They may not have studied some professional knowledge and market trends in depth. I have also experienced the feeling of lack of knowledge when entering the currency circle at first, but This will be my experience, a path that is still fresh in my memory.
Fear is a common emotion that often leads to wrong decisions in crypto trading. Controlling emotions is simple to say, but even the most experienced crypto investors still have to work hard to control emotions and not let fear dominate.
There are two common sentiments. One is that when the market is falling, fear dominates and crypto enthusiasts close their positions early.
Either the fear of a pullback after the rally led to the same decision to close the trade prematurely.
Greed often leads traders to exceed the risks they are actually willing to accept. Once greed controls your thoughts, it will lead to large losses.
There are two common sentiments. One is that when the market is falling, fear dominates and crypto enthusiasts close their positions early.
Either the fear of a pullback after the rally led to the same decision to close the trade prematurely.
Greed often leads traders to exceed the risks they are actually willing to accept. Once greed controls your thoughts, it will lead to large losses.
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 .
in investing its also important to have a trust in the coin you invest so that you can hodl in any entry point .
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
We can get those experiences when the market moves significantly but we are not doing something before, so we think that we are late to act. We often feel like that and that effect to our emotion and trying to follow the market movements. It happens to some friends. Before the bitcoin price goes up to $38k and even breaks $40k, they still wait for a while and hope that the price can go down to the lower price and they only watch the price. But then, when the price starts to increase, they are still not doing something. Suddenly, the price gets a pump so high and that it makes them confused. That impacts their emotion and some of them are trying to enter the market. But that will be too late for them because their analysis does not work better as they analyze in a rush.
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 agree with you on that one. I mostly don't invest when the market is going up, I most have already invested while the market was down. Crypto is all about risk but your ability to minimize that risk is what matters. You must have known which projects you would like to invest in from whatever you have gathered from checking them out and invest in it/them and wait for the market to take off. hero member
Activity: 1498
Merit: 802
Leading Crypto Sports Betting & Casino Platform
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.
Overall market conditions are always changing, meaning the market can't guarantee every investment you make, if you don't have a proper analysis of every investment, price fluctuations are a necessity in the market, there are factors that influence it either in the form of large or small scale .
But don't make a decision too quickly, if the price of the coin you buy goes down, it could be that in the next few days the price of the coin can go up again, and vice versa. keep doing good analysis before investing, so you can minimize any investment risk.
Very well said. However, it's really hard to do even we already have some knowledge or fundamentals, our luck is also playing some role. It's true that emotional bursting when you take a decision is bad, but until now I, myself can't hinder from that anxiety because it's proven that every time I buy the price goes down, and every time I sell, the price going up. And, I agree to avoid greater loss we can always invest in a small portion while keep observing the market movement.
when we are emotional, are we able to think clearly, and whether we can take wise actions at that time. I guess it's hard to make the right decisions when emotional. Therefore, in trading, emotions are not recommended, because we are psychologically disturbed and cannot see the market logically
~
Well because a lot of people are aware already that shitcoins are almost everywhere, the emotion can't be held off.Sometimes it is rational, sometimes it is emotional. One might sell because they think that they invested in a shitcoin, therefore should get the f out of that coin they bought because it would be of no value within few days.
The source of emotion is profit and loss. When you lose money because of investment, negative emotions will explode. Be sure to control your emotions. Don't make any decisions when you are losing money or have negative emotions. This will affect you. Don't influence your judgment because of FUD. Do more things that are good for your physical and mental health, such as singing, running,Wait a few days before making a decision。
New people come here, and they go are still new people, many people also can't get out of the financial vicious circle, and they don't know how to change it. Anyway, it is a natural thing because the market awareness is not enough that the newbies will often not be able to sustain profits from the market.
legendary
Activity: 2450
Merit: 4295
eXch.cx - Automatic crypto Swap Exchange.
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.
Majority of individual in the trading market which are newbie are better off just investing and holding on to their investment until it become a profitable one or reaches their target. The whole trading thing is overrated. Many newbie think they can achieve success trading without any experience and become rich overnight which is why they're flooding in their numbers over to that sector but getting disappointed as the find out the sector isn't as easy as people make it seems on social media.
We have more losers than winners when trading is looked into but when it's investing all those that have the patience to hold through the negative season of the market come out profitable. Now if you have interest in trading then you have to do it right which emotional trading is a wrong well to go about it. Take out time to actually learn the skills you're picking interest in.
If you can successful outsmart the market every now and then, I'm quite sure you'll make some decent amount of money. The dips aren't for selling but for buying and the bulls aren't for buying either, that's when you look for better profit securing point. Don't misunderstood what should be done in each market season.
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.
This is obsolete advice, stop trading and start staking NEAR protocol and using Ethereum DeFi yield farming. You can earn money even in a bear market. 
Always dyor with any field that you are interested in, I see in newcomers when entering the market they do not know how to learn and also misjudge the market a lot. This market may be new and small, but what it actually creates is a huge body of field knowledge, so you want to win it in a competitive game. You also need to prove your ability to do well.
People are aware of this and i think that so many traders know when they were trading use their emotions and that will be totally useless but the problem is when they can't control it. The intention to get the profit from the market has been making them all blindly to earn more and more without try to go out from the market when it was getting bullish. People still need to learn about how to be control themselves.
People will never able to abandon their emotions because that's coming from our minds as well.
People will never able to abandon their emotions because that's coming from our minds as well.
Newbies usually buy high sell low while it should be the opposite but speaking of the truth the mental burden of trading is really immense so im not blaming them if they make haste and bad decision.
However as you said, if we get too emotional i think its best to stop the trading activities and relax a bit because when we are in that state theres nothing much we can do about it.
However as you said, if we get too emotional i think its best to stop the trading activities and relax a bit because when we are in that state theres nothing much we can do about it.
Asset management is the most important part of trading. if we invest with emotion it will affect our psychology when the price in the market goes down and up. Don't be in a hurry to buy and sell, always calm.
Yes, whatever the type of trading, such management was of great importance. If you know assets management and you are doing it right then you are a good trader. You can't be a good leader if you don't know how to work on assets management.
To be specific always follow the trend not when you see the growth rate is already in progress because you don't know how long it will last and indeed mostly people who are expecting good return from it always experienced a bad situation and instead of profits they lost money afterwards.. So never ever follow your emotions and remember to always follow the trend and build a good strategy especially if you have plans to investment for short term.
It's easier to say than to apply it directly, sometimes there are also traders who are able to read market movements by means of a cut loss, to get a profit by buying it back when the price dips, as a trader it takes experience and knowledge of a project in order to profit in the market whereas long term investors simply buy and see what happens in the next 2 or 3 years.
Avoid panic selling, the point is don't make a sale when the price is below the initial price, hold it first, then losses will not occur because in the future the price may rise again if the price continues to fall, then buy again if you have more money. Do your research first, don't make a purchase when prices are peaking
Jump to: