Never Trade On Emotions - page 13. | Bitcointalksearch.org

tabas

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Quote from: Vaculin on July 26, 2021, 05:53:37 PM

Quote from: tabas on July 26, 2021, 05:25:02 PM

Quote from: Kasabus on July 26, 2021, 05:00:20 PM

Quote from: tabas on July 26, 2021, 03:38:36 PM

Invest a little by little if you have the intention to buy. You decide if you want to buy full from your money at the current prices. But if you're too anxious about it.
You can cost average and buy each time it goes down or up based from your budget. That's an effective strategy so you don't miss every buying opportunity or whenever a price goes down and another round of decrease happens.

Investing into the amount you can afford to lose is what i think should never be ignored. Because if you start investing or even trading with a huge capital, and then the market suddenly crash, then you end up losing too. I suggest never be carried by your own emotions everytime you make decisions because most of them will not end up successfully. A good trader does not prioritize his own emotions over his mind but rather stick to the original plan even if the market turn into sideways. Once you change your plan, its more likely you will end in failure.

It shouldn't be ignored. That's the principal rule that everyone has to understand and to remember. Investing with more than you have never experienced before as you put it into investment, you're doing it wrongly.
Those who get carried away by their emotions, they need more experience and they need to be tough in the market so that they won't be moved by some dips.

Yet, it can be a big problem for anyone especially when you are just relying on crypto income. That many had to say that was so easy but in real life and as what I've experienced, seeing the dumps after buying is truly bothering, and sometimes I think about selling (and sometimes did it).

Even though how tough we are, we can't be completely going to manage and control our emotions especially when we are just focused on trading. But if we are also doing another stuff, this will certainly give a huge help to divert our mind and forgot the market.

Those dumps really are bothersome if most of your income are highly coming from cryptocurrencies. And that's why those traders that have been on it making money from it have forgotten and removed their emotions as they trade.
They have focused on trading and only relies to analysis and won't let their emotions involved due to it.

Hypnosis00

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Quote from: sheenshane on July 26, 2021, 06:23:36 PM

When it comes to emotion, this depends on us. We should have a trading plan to have a trading activity smoothly. Because trading isn't an easy way of making a profit and anytime you will lose due to the market isn't predicted.

And I was guilty of this BEFORE and have a worse experience in trading losing my $100 instantly after buying a cheap coin which I'd never know it was a scam and after having filled my buy order, red is coming and continue until it was delisted to a not known exchanger.

Now I realize that we don't need to rush the market and do trading without having some search. It is found to be terrible and regretting when you do that and that emotion is really needed to control or at least for the sake that it gives no help but just driving us to lose.

carrigan

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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.

sheenshane

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Bear in mind that trading and investing are different from each other, you can lower your risk upon investing than trading which is completely very risky.
Invest that you can afford to forget for a while is the best answer here and trading that you can afford to lose is also the perfect one because, in trading, there's no infinite of gaining profit, there could be a win or lose.

When it comes to emotion, this depends on us. We should have a trading plan to have a trading activity smoothly. Because trading isn't an easy way of making a profit and anytime you will lose due to the market isn't predicted.

bitkanu

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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.

Mistafreeze

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Trading base on emotion should not be emulated or portray because of the significant effects it has on traders weaking there spirit to trade effectively without the optimum confidence to execute trades. Emotions has degraded much traders from doing the right thing to misplacing the necessary thing to do. Trades should not be executed with fears which can also bring down one self esteem in organizing trade pair to trade on.

Emotion had really done me something bad that make me to lose my trading funds because I was not that confidence in organizing trades increasing the rate in which I lose trading funds. Never trade on emotions is very hand especially if one had been losing money for couple of time increasing emotions that come into play.

shinratensei_

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It's not so simple like that dude. the problem is the emotion of traders will be coming when he was seeing the market gets pumped so hard. that being said that if he wants to join in the pump through buy at the pump with the help to be able to shorting the market. You must remember there are lots of newbies always try to follow others to short the market.
They are facing a very big risk by shorting the bullish market because it can go down anytime.

speedforce

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Yea its easy if you do it for investment, but some of our people do scalping so yes they need to have cut loss so the money didnt stuck on a trade.
Its people option to cutloss or not, but i cant be more agree that trade on emotions is a bad habbit and need to get rid off.

goaldigger

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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.

Negative emotions in trading is not healthy, you must know how to control it because it can affect your decisions. Trading will always challenge your emotion because the market will not always go the you wanted it. Trading is not easy, take your time to learn the process and don’t rush trading big money you just have to start small to confirm your strategy and be consistent, that’s a good first step on your trading journey.

Vaculin

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Winding down.

Quote from: tabas on July 26, 2021, 05:25:02 PM

Quote from: Kasabus on July 26, 2021, 05:00:20 PM

Quote from: tabas on July 26, 2021, 03:38:36 PM

Invest a little by little if you have the intention to buy. You decide if you want to buy full from your money at the current prices. But if you're too anxious about it.
You can cost average and buy each time it goes down or up based from your budget. That's an effective strategy so you don't miss every buying opportunity or whenever a price goes down and another round of decrease happens.

Investing into the amount you can afford to lose is what i think should never be ignored. Because if you start investing or even trading with a huge capital, and then the market suddenly crash, then you end up losing too. I suggest never be carried by your own emotions everytime you make decisions because most of them will not end up successfully. A good trader does not prioritize his own emotions over his mind but rather stick to the original plan even if the market turn into sideways. Once you change your plan, its more likely you will end in failure.

It shouldn't be ignored. That's the principal rule that everyone has to understand and to remember. Investing with more than you have never experienced before as you put it into investment, you're doing it wrongly.
Those who get carried away by their emotions, they need more experience and they need to be tough in the market so that they won't be moved by some dips.

Yet, it can be a big problem for anyone especially when you are just relying on crypto income. That many had to say that was so easy but in real life and as what I've experienced, seeing the dumps after buying is truly bothering, and sometimes I think about selling (and sometimes did it).

Even though how tough we are, we can't be completely going to manage and control our emotions especially when we are just focused on trading. But if we are also doing another stuff, this will certainly give a huge help to divert our mind and forgot the market.

tabas

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Quote from: Kasabus on July 26, 2021, 05:00:20 PM

Quote from: tabas on July 26, 2021, 03:38:36 PM

Invest a little by little if you have the intention to buy. You decide if you want to buy full from your money at the current prices. But if you're too anxious about it.
You can cost average and buy each time it goes down or up based from your budget. That's an effective strategy so you don't miss every buying opportunity or whenever a price goes down and another round of decrease happens.

Investing into the amount you can afford to lose is what i think should never be ignored. Because if you start investing or even trading with a huge capital, and then the market suddenly crash, then you end up losing too. I suggest never be carried by your own emotions everytime you make decisions because most of them will not end up successfully. A good trader does not prioritize his own emotions over his mind but rather stick to the original plan even if the market turn into sideways. Once you change your plan, its more likely you will end in failure.

It shouldn't be ignored. That's the principal rule that everyone has to understand and to remember. Investing with more than you have never experienced before as you put it into investment, you're doing it wrongly.
Those who get carried away by their emotions, they need more experience and they need to be tough in the market so that they won't be moved by some dips.

Kasabus

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Quote from: tabas on July 26, 2021, 03:38:36 PM

Invest a little by little if you have the intention to buy. You decide if you want to buy full from your money at the current prices. But if you're too anxious about it.
You can cost average and buy each time it goes down or up based from your budget. That's an effective strategy so you don't miss every buying opportunity or whenever a price goes down and another round of decrease happens.

Investing into the amount you can afford to lose is what i think should never be ignored. Because if you start investing or even trading with a huge capital, and then the market suddenly crash, then you end up losing too. I suggest never be carried by your own emotions everytime you make decisions because most of them will not end up successfully. A good trader does not prioritize his own emotions over his mind but rather stick to the original plan even if the market turn into sideways. Once you change your plan, its more likely you will end in failure.

JaoBadjap

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Activity: 532

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Trading with Emotions,
Been there done that, a small dip. I panic sell.
to think i cut the loss but actually i didnt give myself a chance to earn more profit by HODLING.
the thing is when we entangled emotions with trading, risk management is ignored.

odukoyaewatomi27

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The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
I believe trading psychology is the most important part of trading, when it is not well grounded this can easily lead to mistakes in trading and is the main reason why people trade with emotions.
Trading with emotions will cause you to make bad decisions and can easily blow your trading account.
Get your psychology in check and you will be good

tabas

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Invest a little by little if you have the intention to buy. You decide if you want to buy full from your money at the current prices. But if you're too anxious about it.
You can cost average and buy each time it goes down or up based from your budget. That's an effective strategy so you don't miss every buying opportunity or whenever a price goes down and another round of decrease happens.

Nazmul012

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Trading with emotion mostly can be seen in new comers. Cause they are new and they enter in crypto industry with having a little knowledge. So most of time they purchases tokens the wrong one even a little dump make them anxious and scarry. That's why they sold everything and so is happened to me so many time while i was a Newbie. Cause thats normal. Of course We can't expect professional Market behaviour from them! But those type of experience will make them professional, one-day

o48o

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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.

Don't ignore your emotions either, you have to realize that everyone has them and lot's of investors act on them. On TA you can just look at the chart or trade opposite what your emotions tell you. On the case of the FUD you need to realize that ton of people might sell if the FUD is bad enough and there's no point holding if you can get 2x in short term by buying the dip later.

Wakate

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Trading with emotions is the normal characteristics of a newbie trader who had just gained knowledge on trading with prior experience of what should be done probably, on some certain levels of trading. A newbie and intermediate trader are always different based on experience and knowledge of understanding of the market. The cryptocurrency market is big and versatile with much emotions attributed to it when trading or investing. Trading with money you can't afford to lose can also trigger emotions that could affect one trade.

milani

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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.

The biggest mistake in every direction connected with money to do something on emotions, and of course trading crypto is not the exception. You are right lots of people buy on the encrease and sell on the decrease, when it should be better to do just on the contrary. You bought for example, and market started encreasing, in this situation it should be better to fix profit. In case the market started decreasing it is better to buy more of this altcoin in case you believe in this alt and project. Everything is not really to complicated. In any case if trading makes you to be stressed too much it is better not to trade at all. 😁🙂

mianvicky1

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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.

Topic: Never Trade On Emotions - page 13. (Read 2835 times)