Never Trade On Emotions - page 4. | Bitcointalksearch.org

BuNga_cute

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Quote from: tabas on August 15, 2021, 04:44:39 PM

Quote from: Rb48 on August 15, 2021, 04:06:40 PM

If you don't understand trading relationships and are new here then never do emotional Settle trading. If you trade without knowing it, you will face huge losses.Sometimes it is seen that many people trade emotionally, they often face a lot of losses and later they use this cryptocurrency in a very bad way. So I would say don't do anything out of emotion while trading here.

Most of the time, there are traders that do that emotionally. They can't bear what's happening and it's hard to battle it specially when you keep getting losses.
You cannot control yourself with that because you're thinking most of the time how to recover it but the opposite is what you get.

I admit it is not easy to control our emotions when trading, sometimes a bad market situation makes us depressed and without realizing it
we trade emotionally. Because everyone who trades very difficult can be calm seeing the losses that occur. To be able to control our emotions well,
it takes a lot of practice and will definitely go through a long process. So if we see someone who can control his emotions when trading, that person
must be experienced in the trading world.

avarnet

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Don't panic if the market is going down in price and full of concentration without having to use emotions, because every trade using emotions will end badly so that in the crypto world we really need control that is strong enough to analyze so that if the market goes down we won't be fooled to switch to Alt or other crypto

satsmainman

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Emotion is really a thing in trading. Especially for beginners, easily getting freak by pumps and dumps. I traded with emotion and i got hurt so bad, i burn my portfolio to ground zero, i had to source some little funds to resuscitate my portfolio after learning well from my mistakes of trading with emotion. Trading is no family business so do away with that phenomenon in the tradingsphere.

tabas

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Quote from: Rb48 on August 15, 2021, 04:06:40 PM

If you don't understand trading relationships and are new here then never do emotional Settle trading. If you trade without knowing it, you will face huge losses.Sometimes it is seen that many people trade emotionally, they often face a lot of losses and later they use this cryptocurrency in a very bad way. So I would say don't do anything out of emotion while trading here.

Most of the time, there are traders that do that emotionally. They can't bear what's happening and it's hard to battle it specially when you keep getting losses.
You cannot control yourself with that because you're thinking most of the time how to recover it but the opposite is what you get.

wheelz1200

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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.

It's the old adage "be greedy when people are fearful". This always stands true. The name of the game is buy low sell high. Bits really hard to sell when everything is euphoric and hard to buy when it's so glum. If you adjust your thinking to the opposite then you will be better off. So yeah don't trade with emotion trade with the sense of being greedy when people are fearful

Wulan_maniez

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Too ambitious to invest when the market is bullrun as it is now, will indeed cause losses. Especially if it's greedy. Investing is indeed
what we should do if the market is down so that our bullrun can take profits. Don't let us suffer losses because we take the wrong step.
It's also a lesson for me. Of course because I once did a stupid thing, which is to invest in bullrun. Where when the price of bitcoin and altcoins is high.
I'd rather be a little patient to invest when the market is bearish.

Rb48

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If you don't understand trading relationships and are new here then never do emotional Settle trading. If you trade without knowing it, you will face huge losses.Sometimes it is seen that many people trade emotionally, they often face a lot of losses and later they use this cryptocurrency in a very bad way. So I would say don't do anything out of emotion while trading here.

konflikkastil

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This is like going into the market with a mindset to throw away your money. I will always say this anytime any day, experience will always be the best and the most effective teacher of all time. Last year, I lost close to a thousand dollars trading on forest. All because I went into the forex market with having an adequate knowledge about how the market works, I paid for it anyways. I was looking with my eyes opened as my hard earn money was going. I cried that night before I now decided to go and learn more about forex. After almost a year till now, though have started trading back, but I'm still learning every single day.

ampu

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With the speed of the cryptocurrency market moving, it is difficult for us to prevent emotions from happening. The market goes up too quickly and falls too quickly and many people lose money. It's true, I advise people to use only part of their money for a long or short position because that way you can average the price more easily. The next thing is to prepare psychologically and knowledge for each transaction. Like the owner of the post said: Prepare well before trading.

suryana

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Quote from: gabbie2010 on August 15, 2021, 02:05:38 AM

Quote from: vabchgent on July 29, 2021, 05:38:53 AM

Quote from: rozak on July 28, 2021, 09:14:14 AM

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.

But it is also not that easy to control them. I think the most important factor when it comes to trading is mental state and experience. If you can't cope with drama in real life, you probably can't cope with drama in markets either, especially when there is a lot at stake from your own pockets. Emotions definitely contribute to making bad decisions. Discipline can help with that when you have a strategy and force yourself to stick to it.

In fact as a newbie in trading it is a big challenge to control emotions, it either the trader's account got rekt once and must have learnt a lesson before taking emotions very serious. I was once in that shoe before when market dealt a big blow to my account, though it is a small account. However I came back strongly with more experience and ability to control emotions and fear at some level with discipline.
I believe if every new trader put the issues of emotions in trading in check such traders will surmount any challenge of emotions that comes to their way without any fear.

Sometimes we will be smart on our own with the experiences we have been through. So trying is not a bad thing for beginners. Instead, we have to be brave enough to try so that our skills are getting honed day by day.

gabbie2010

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Quote from: vabchgent on July 29, 2021, 05:38:53 AM

Quote from: rozak on July 28, 2021, 09:14:14 AM

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.

But it is also not that easy to control them. I think the most important factor when it comes to trading is mental state and experience. If you can't cope with drama in real life, you probably can't cope with drama in markets either, especially when there is a lot at stake from your own pockets. Emotions definitely contribute to making bad decisions. Discipline can help with that when you have a strategy and force yourself to stick to it.

In fact as a newbie in trading it is a big challenge to control emotions, it either the trader's account got rekt once and must have learnt a lesson before taking emotions very serious. I was once in that shoe before when market dealt a big blow to my account, though it is a small account. However I came back strongly with more experience and ability to control emotions and fear at some level with discipline.
I believe if every new trader put the issues of emotions in trading in check such traders will surmount any challenge of emotions that comes to their way without any fear.

llecrf

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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.

I've experienced something like that, when the portfolio that I have price drops, I sell it without thinking. emotions made me sell all the coins I own (CSI) I sold them because the crypto market situation continued to decline, a few months later the coin was listed on Binance, I was not disappointed with that choice, because from there I learned how to hold back emotions when we invest

retnoanjani

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Quote from: Gayong88 on August 11, 2021, 01:06:32 PM

Good advice. the fact that there are still many who have not been able to control it, especially for beginners where fear, reduced asset value is still very vulnerable to ending with cotlos (panick sell) where BTC corrections occur at any time, even though many already understand how to read charts, candles or join related information channels on how to trade safely.

That's how it is ... many ignore the analysis, because they are already controlled by emotions that want to make instant profits. Fomo is dangerous, especially if you don't have the knowledge, it will be easy to get carried away by emotions and join in for fear of being left behind, in the end all decisions are made based on feelings alone. I always say that the crypto world is not as easy as it seems, what is often shown in the news is the rise, in fact there are many storms to be faced. if there is no preparation then you will only be caught in a loss.

ogundowotoby01

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When trading cryptocurrencies especially in the futures market, trading with emotions is the biggest obstacles that make a lot of traders loose money. This is because when you trade with emotions and you put your technical skills or fundamental knowledge to the side the emotions of pushing into entering the wrong trades into being impatient for proper powerful status and also emotions will make you over leverage your account and over trade especially when you're in the other that is why it is not advisable to trade with emotions in the cryptocurrency market especially if you're trading in the futures market

Slow death

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Quote from: ?? on ??

Before investing, you must know as much as possible about the project. Then you have to invest if you agree.

investing in altcoins and trading altcoins are different things, people who invest generally do not need to spend all day at the computer looking at the price to buy and sell, while people who trade are forced to stay all day at the computer to buy and sell and for that they need to know about technical analysis, it is very stressful to trade and especially after a long and tiring day trading the person does not put emotions. Is something difficult

Quote from: kumala_abi on August 14, 2021, 05:08:14 PM

emotion will only make our trade become worse, we could not clearly controll our mind when something bad happen to market.

no one likes to lose money and that's why people put emotions into trading

kumala_abi

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Quote from: ?? on ??

Crypto trading requires practical knowledge and experience. You don't need emotions to trade crypto. Before investing, you must know as much as possible about the project. Then you have to invest if you agree.

emotion will only make our trade become worse, we could not clearly controll our mind when something bad happen to market. sometime we be panic when emotion dominate our mind , our trades finally based on emotion not to technical or fundamental analisys.i am agree our experience will guide us to earn profits.

Bollexz1

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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.

Good advice though. With the experience I've gathered in the Crypto business, I think bear season is the best time to invest but most people don't because they are just too afraid.

businessgirl

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Never trade on emotions. It's a good idea to avoid trading when you're not in the mood. Trading while greedy might lead to ignoring goals, stops, and other elements of trading strategy. User can become overconfident, which can lead to poor trading and large losses. As a result of all of these moves, traders are less likely to stay in the market. We won't be able to tackle this problem by suppressing emotions.

vabchgent

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Quote from: Fredomago on August 09, 2021, 09:12:53 AM

Quote from: vabchgent on August 09, 2021, 08:58:39 AM

The issue with that rule is that keeping the rule up is in itself kind of an emotional process. Cheesy

I think it also isn't distinct enough to just say put your emotions aside. Analytics and emotions aren't necessarily mutually exclusive or contrary to each other by a 100%. Not sure if I convey my thoughts comprehensibly here, but excitement also is an emotion and perhaps exactly the emotion that made you make a rational decision to get into the crypto market. I would rather say you should try to not get overwhelmed by your emotions or let it frequently lead you to make bad decisions. If that happens, you need to reiterate your approach. Emotions can also be a healthy warning signal. If the coin you are holding drops like a rock towards zero and you are sitting on your chair without any emotion, telling yourself thing will turn out to be good, haha, funny scenario to think about.

Good point, there are certain situation that you needed to consider when you are dealing with this kind of business.

The fact that emotion always influenced your decision-making if you failed to control yourself or if you failed to work with your emotions the next thing you'll see is making decision in the early stage either selling or buying your assets.

It's always better having a balance mindset, for sure it leads you to the right side in succeeding your plans within your target time.

I think a blanked mindset is a good term to describe what is needed. Putting emotions aside doesn't make sense and usually hardly anybody can do that to its full extent anyway. If you are good at keeping your mindset in balance, staying calm when developments exceed your expectations in either direction, that's what I think is required to be successful as an investor.

Gayong88

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Good advice. the fact that there are still many who have not been able to control it, especially for beginners where fear, reduced asset value is still very vulnerable to ending with cotlos (panick sell) where BTC corrections occur at any time, even though many already understand how to read charts, candles or join related information channels on how to trade safely.

Topic: Never Trade On Emotions - page 4. (Read 2818 times)