Topic: Never Trade On Emotions - page 9. (Read 2835 times)
It is easier said than done! Emotion is part and parcel of your life and it is not any different in trading and investing in Cryptocurrency. The first step in finding solution to your emotional hurdles in your trading life is to accept that you will always be emotional at some point, preparing to mitigate and manage this emotion to profit should be your number one task in trading Cryptocurrency!
It is very dangerous if trading is based solely on emotions. There is knowledge both economically, technically and psychologically. That's what investors and traders must master, so in crypto trading, investors and traders are expected to have a high initiative to learn and update themselves with various information that develops quickly.
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.
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The point is that every investment we make must be based on good knowledge, many people will be disappointed with investment decisions, due to lack of knowledge.
That's why we need to prepare everything in investing, we can't force this with a desire that we don't know, if we continue to develop this pattern, then our investment will never yield any results.
Emotions and panic are things that must be muffled, it will make us lose and there will be no benefit, if the current coin is not doing well in the market, it's a good idea to save it first, wait for the right moment for us to release the coin.
Yes, you are absolutely right.
It has become a common thing that emotions always accompany the journey of our lives and are considered as a characteristic of humans.
Many traders who trade are controlled by emotion, such as rushing to exit trades even though they have not yet achieved maximum profit.
Emotional control is also very necessary in trading. If we have ordinary analytical skills and strategies, but can generate profits consistently and a lot. Of course, this is because the trader's self-control and emotions are very good, so his strategic plan is not rushed and structured.
It has become a common thing that emotions always accompany the journey of our lives and are considered as a characteristic of humans.
Many traders who trade are controlled by emotion, such as rushing to exit trades even though they have not yet achieved maximum profit.
Emotional control is also very necessary in trading. If we have ordinary analytical skills and strategies, but can generate profits consistently and a lot. Of course, this is because the trader's self-control and emotions are very good, so his strategic plan is not rushed and structured.
So you should trade when you are ready, you can say you are mentally fit. In this case, the problems must be set aside first so that you can focus on what you are going to do. When we think of something else that has nothing to do with what we are doing, we lose concentration. But still don’t forget the risks. Often we make mistakes because the trends are more noticeable immediately where we will be at the same time where the peak seems to have been reached. So in the hope of earning the opposite happens which is very common.
After so many trades lost I've made in the past, I'm already immune to emotion. But I think it's not because I'm not afraid to lose anymore, it's because I have a source of income in which no matter what the outcome maybe of the trades I do I'm just going to hold the number of coins and wait until it gains value.
You will be filled with emotions when you don't know the outcome and you are only relying on the trading. This is why I recommend having a constant flow of cash from defi projects or staking tokens.
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.
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.
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.
Simple solution is , best to invest only what you can afford to wait , i mean the funds to put is what you don't need in a certain time and you can let go for a period of year or more.There are many investors that seeking for profit over night or at least 1 week period but this is not enough time for volatile market like crypto.
here you must afford a longer time than easy money because it is worth a wait.
and also never look for big income , instead let be contented in single digit profit each trade.
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.
Simple solution is , best to invest only what you can afford to wait , i mean the funds to put is what you don't need in a certain time and you can let go for a period of year or more.There are many investors that seeking for profit over night or at least 1 week period but this is not enough time for volatile market like crypto.
here you must afford a longer time than easy money because it is worth a wait.
and also never look for big income , instead let be contented in single digit profit each trade.
I agree that trading with emotion will always put you at risk if you can't control your emotions you will continue to suffer as long as you go. Nothing can be achieved in the world with emotion trading in the market with emotion should not be done at all in order to trade in the market out of emotion you have to be sure emotions have no value in this market. If you are a good trader, you will trade without indulging in impulse I think that in order to trade in the market you have to overcome the issues of too much passion too much greed too much instability. It is not right to trade with more passion it is more likely to be a loss than a profit.
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.
its definetly the main factor why people panic selling and lose so much money instead making money from investing. I think to control your emotions you need to be able to manage your whole financial life. Its hard to control your emotions when you go all in your money into investing. Thats why you need to make an allocations for every sectors that crucial to support your life. I think its good to invest 30-40% of your money into crypto and you also need to train and learn about crypto and in the meantime you also will learn how to control your emotions especially in market that so volatile. 
After so many trades lost I've made in the past, I'm already immune to emotion. But I think it's not because I'm not afraid to lose anymore, it's because I have a source of income in which no matter what the outcome maybe of the trades I do I'm just going to hold the number of coins and wait until it gains value.
You will be filled with emotions when you don't know the outcome and you are only relying on the trading. This is why I recommend having a constant flow of cash from defi projects or staking tokens.
You should really buy altcoins, don't be too emotional or have a big lust because it really affects a person's mentality to invest in more altcoins which obviously will definitely get big profits later, there is no doubt that altcoins have great potential to go up high where all of that can make quite a difference It's great if you are able to be patient and wait to get the maximum profit, many things happen in the market. If you are able to be patient, wait for the price to rise and become a holder.
trading with emotions and panic selling it leads to failure. I often see a lot of traders get this failure. usually it's because beginners can't manage well, so traders don't use emotions. but use analysis before making a decision
Strategy is also needed when you first enter to invest and exit after making a profit, so there is no need for panic words that can haunt the trader's own mind, because the goal must be clear and lead to a plan that has been prepared based on what he analyzed. 
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.
These are people who just rely on the market movement and not doing research on coins he is investing, it happens to all of us and it's the fastest way to lose your portfolio, it's ok to follow the trend when there are pumps but we need to know the floor and the high of coins that you are going to invest, set up your sell and buy order after doing your research, you can make a profit or at least cut your loss or make even.
Trader should knows how to control their emotions because it's a big problems, especially if there's a sudden dump or bump because you will always fell on it and it will always the main reason how you can lose your money in trading. So better to change midset because for me the reason why we can't control your emotions it's because of our mindset , fro example if we keep believing in our negative thoughts without doing anything of course our emotions will explode.. But if we change our mindset and we keep making ways to solve problems then you can avao3being emotional when it comes trading..just saying..
Yes I actually agree with this. We shouldn't trade on emotions you can just end up crashing up your account.
very possible to happen, emotions mostly drag you to make a wrong decision, probably due to fear or greed.Quote
As a newbie or maybe a professional trader you should trade with targets. Now with target you're risk managing the situation once you hit a specific target you jump out of the trade.
Set your goals and stay with it, unless there's occasion that you need to adjust or change your position that's the only time that you should think of another strategy.Quote
I'm a situation where you're heart broken or distracted because of one or two many family issues and you jump in to trade the probilty of your loss is very high.
you shouldn't do that, like what you have said you are not in the right mood to think properly.Quote
I wouldn't advice you to trade when you're not mentally stable.
I agree. best to think clearly before dealing with this business.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.
we could not think clearly when our we felt emotion , sometimes we everything decided based on this emotion not based on fact that happen in market. it is really needed to know how much stress or pressure we could accept so this point could used to know how much risk we could accept when investing in market. 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.
I'm a situation where you're heart broken or distracted because of one or two many family issues and you jump in to trade the probilty of your loss is very high.
I wouldn't advice you to trade when you're not mentally stable.
Emotions are the most difficult thing to control and this is the root cause of our losses. But, as we work it hard and slowly manage ourselves to keep calm when crisis comes, we can surely overcome this feeling. Only it needs some commitment and we have a strong determination to help ourselves otherwise, we still be broke again and again.
Yes I actually agree with this. We shouldn't trade on emotions you can just end up crashing up your account.
As a newbie or maybe a professional trader you should trade with targets. Now with target you're risk managing the situation once you hit a specific target you jump out of the trade.
I'm a situation where you're heart broken or distracted because of one or two many family issues and you jump in to trade the probilty of your loss is very high.
I wouldn't advice you to trade when you're not mentally stable.
As a newbie or maybe a professional trader you should trade with targets. Now with target you're risk managing the situation once you hit a specific target you jump out of the trade.
I'm a situation where you're heart broken or distracted because of one or two many family issues and you jump in to trade the probilty of your loss is very high.
I wouldn't advice you to trade when you're not mentally stable.
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