@op, trading and investing are two ways of making money in the financial market, so please take note differentiate the two when making a post like this to avoid confusion.
Investing in crypto simply means buying and holding for some time, could be long or short, but the most important thing here is that, if someone is actually investing in crypto, the immediate price movement of the crypto invested in shouldn't bother the person, since the person is invested for either short term, which ranges from 3 to six months, or long term is starts from 1 year and up..
Trading on the other hand is the immediate buying and reselling for Witter profit or loss, it is not actually bad to make some losses in trading sometimes, most especially when a better opportunity for profit is found and money needed to take advantage of it, you have no choice but to sell off another coin at a loss and take advantage of the found opportunity or loose it.
Topic: Never Trade on Emotions (Read 1458 times)
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
One cannot completely remove emotions from trading,but rather control it because too much of it in trading will simply results to lots of losses.Instead one should learn to be patient when it comes to trading cause it's just like a mind game, to make profits you need learn how to control your mind.
Emotional trading always very helpful for a trader.
In my opinion, It will be very vast time and condition, when you are trading with emotions. Because emotional trade can unluckily give the earnings .i.e for one time only. Amongst the all other rule of trading, at first you should be in peace before taking any step.
Before any trade , I would like to tell you that be kept in your mind about the volume, depth, capitalization, trending and ranking of any coin, and after the technical analysis, take a solid step with marginal spaces and must apply stop limit to prevent any loss , specially in those cases where your are assuming that market is fluctuating.
Emotional trading always very helpful for a trader.If anyone trade Emotionally he will loss there has no doubt. For real trade we we have to avoid Emotion. For Emotional trading can distroy our valuable fund. Actually emotion controlling is very difficult for us, but for good profit from trading we have to control emotion. For control emotion we need proper training and need proper knowledge about trading. Then we will able to control emotion and we will able to profit.
It's important to never let emotions guide your trading decisions as it can lead to irrational actions and financial losses. Keep a cool head and stick to your trading plan.
it is not easy for an ordinary person, especially a beginner trader, to be able to manage emotions well, it takes special training such as meditation so that someone is able to manage emotions properly and regularly, so as a trader, if you want emotions to be stable, your lifestyle must be healthy (Maintain diet, sleep and exercise patterns)Quote
Choose healthy and balanced meals
Drink lots of water
Limit consumption of caffeine
Avoid fast food and junk food
Eat when I am NOT hungry (body never gets to that craving level)
Drink lots of water
Limit consumption of caffeine
Avoid fast food and junk food
Eat when I am NOT hungry (body never gets to that craving level)
[1] https://futures.io/off-topic/7742-traders-diet-what-do-you-eat.html
Quote
Jumping Jacks
wall sit
Pushups
Ab crunches
Chair steps
Squats
Chair triceps
Plank
yoga
Pilates
wall sit
Pushups
Ab crunches
Chair steps
Squats
Chair triceps
Plank
yoga
Pilates
[1] https://news.tradimo.com/exercise-for-busy-traders/
I know some friends who trade based on their emcoins, I say they do it that way because they don't do any kind of technical analysis, they don't follow signs,it's from groups or something similar, but they see news and are aware of the news and operate based on So, and obviously they lose a lot, but they don't take much Importance to them because they are people who I would say are "rich from the cradle" if they lose it's like removing a hair from a cat, it doesn't affect them, so they are very volatile in the sense that If they see something, they buy it and just because it's in style, that's how they trade.
Wow, lucky them that they don't need to worry whatever the outcome of their trades, and for sure many of us can afford that one, more or less we are here because we wanted to earn and be successful from this venue of investment, there are people who were born lucky, coming from a rich family who have a good capacity to overspent their money.
With or without emotions, there's no comparison for them. They are just going to do whatever they think that will let them enjoy.
And then again, not all of us or many of us have that same exact position as those lucky ones who got this big advantage.
I know some friends who trade based on their emcoins, I say they do it that way because they don't do any kind of technical analysis, they don't follow signs,it's from groups or something similar, but they see news and are aware of the news and operate based on So, and obviously they lose a lot, but they don't take much Importance to them because they are people who I would say are "rich from the cradle" if they lose it's like removing a hair from a cat, it doesn't affect them, so they are very volatile in the sense that If they see something, they buy it and just because it's in style, that's how they trade.
Yeah, you need to really practice that control inside you, the limitation and the emotions that most of the time influences every decision that you will going to take while inside this venue of investment, it's a big effect to your trade when you feel the aggressions and the fear which very common when you are dealing with trading.
You must have that set of limitation each time you place your position and keep in mind that it was your hard earned money
that you need to protect before you decide on your next step.
Accessing steady emotions for trading is challenging, but with good trade analysis, it is not as difficult. Control everything inside you and be able to direct it to your trading region of concentrate. Profits and losses are made on a regular basis, therefore it is important to plan to be on the winning side. When a trader places a trade, he or she is on a completely different level, with a lot on his or her mind. Trading with emotions has resulted in the largest liquidation of trading accounts throughout the years and still counting; an unbalanced strategy leads to FOMO and FUD, demonstrating that both sides are completely off track. You must have that set of limitation each time you place your position and keep in mind that it was your hard earned money
that you need to protect before you decide on your next step.
Exactly, without planning ahead and without good control of your emotions you will end up as fomoing or following the fud which can really hurt your trading engagements, you need to have a steady mindset or a clear vision with what you wanted to end you session not just to follow the emotion around the market.
Though there are times that you needed to adjust but you should always have a much clearer anticipation to avoid losing your trade.
Emotionless trade can be performed depending on how you analyze and how you manage to study the business. The more you understand, the better anticipation you have, and can result to a better trading executions.
Which as humans are really that having that impulsive approach and emotions into it which it would really be just that normal that we would really be making out mistakes out of those impulsive reactions.
Never ever make yourself consider on making trades on the time that your emotion is really that mainly affected. You wouldnt really know on how far extent on which you would be losing money money due to bad
decisions which is something that we do need to avoid as much as we can.
I think it's normal if we have a little greed in trading, but remember our initial goal of trading is to earn not to reduce our investment assets with great greed. Greed or any excessive emotion in trading brings us closer to big losses. this is not only a matter of charts, but also psychology will be used when trading. We must be able to think as clearly as possible in making decisions.
Really that normal on which we do make ourselves having that greed mode on the time that we are really that seeing greens on our investment.We do normallyask for more which it cant be avoided to hold up your position instead of taking profits would really be just that normal.This is why taking risks
on every decision would really be that crucial.
I think it's normal if we have a little greed in trading, but remember our initial goal of trading is to earn not to reduce our investment assets with great greed. Greed or any excessive emotion in trading brings us closer to big losses. this is not only a matter of charts, but also psychology will be used when trading. We must be able to think as clearly as possible in making decisions.
It's important to never let emotions guide your trading decisions as it can lead to irrational actions and financial losses. Keep a cool head and stick to your trading plan.
Nice advice, let everyone get to control himself from being too emotional in trading, not only that but we must also learn to take decisions on our own, it's not that we should completely neglect others view on trading because we cannot know it all, but our own decision also must have a stand, there are ways we could improve on our trading skills by learning from many sources, if we add up all these together with not being emotional, our decis will be on purpose and not through persuasion or frustration.
The process of trading brings a certain adrenaline rush. That's why it's hard to restrain your emotions - we are not robots. A person behaves reasonably up to a certain point. Then one small mistake and impulsive actions can occur. That's why you should not restrain your emotions too much either.
I completely agree with this advice. Emotions can cloud judgment and lead to impulsive decisions, which can ultimately result in losses. It's important to approach investing and trading with a level head and a well-thought-out strategy. By investing a small portion of your portfolio and avoiding emotional decision-making, you can reduce your risk and increase your chances of success in the long run.
It is that it is very difficult to do something like this, everyone says they talk about Controlling and having patience, but you have to be there operating to know what it Feels like, what goes through your head and Sometimes the Fear of losing, if people controlled Emotions did not Exist in cases of arterial Hypertension or Similar,including heart Attacks, I have not come across anyone in life who tells me that if I control emoticons and that I know that I do ,Emotions are something we Must deal with. learn to cobvivir and try to have "Some" control for Health and not to lose Money, this Case always Happens in casinos too.
Yeah, you need to really practice that control inside you, the limitation and the emotions that most of the time influences every decision that you will going to take while inside this venue of investment, it's a big effect to your trade when you feel the aggressions and the fear which very common when you are dealing with trading.
You must have that set of limitation each time you place your position and keep in mind that it was your hard earned money
that you need to protect before you decide on your next step.
on which you are emotionally unstable then you would really be that prone into lots of errors and mistakes which is something that you would really be needing to avoid because it would be never that ideal
on having that kind of condition where you are really that unstable.
You would really be finding yourself into impulsive decisions and actions since your emotion is really at that been affected. You would be soon able to find out on what mistake you
had committed which you would realize that you should keep your cool and make your goal and mindset been intact.
For yours truly, it's about keeping emotions on a leash and zeroing in on my objectives. So I take time-outs when needed, stay in the loop with market vibes, and keep my head frosty when trouble brews. Sure, I might itch to make a snap call or gamble bigger than I ought to. But when the dust settles, it's all about the grit to stick to my blueprint and honor my principles. So if trading's calling your name, here's my two cents: stay chill, power through, and don't forget the kibble's meant for the kitty, not you.
Yeah, you need to really practice that control inside you, the limitation and the emotions that most of the time influences every decision that you will going to take while inside this venue of investment, it's a big effect to your trade when you feel the aggressions and the fear which very common when you are dealing with trading.
You must have that set of limitation each time you place your position and keep in mind that it was your hard earned money
that you need to protect before you decide on your next step.
Accessing steady emotions for trading is challenging, but with good trade analysis, it is not as difficult. Control everything inside you and be able to direct it to your trading region of concentrate. Profits and losses are made on a regular basis, therefore it is important to plan to be on the winning side. When a trader places a trade, he or she is on a completely different level, with a lot on his or her mind. Trading with emotions has resulted in the largest liquidation of trading accounts throughout the years and still counting; an unbalanced strategy leads to FOMO and FUD, demonstrating that both sides are completely off track. You must have that set of limitation each time you place your position and keep in mind that it was your hard earned money
that you need to protect before you decide on your next step.
Exactly, without planning ahead and without good control of your emotions you will end up as fomoing or following the fud which can really hurt your trading engagements, you need to have a steady mindset or a clear vision with what you wanted to end you session not just to follow the emotion around the market.
Though there are times that you needed to adjust but you should always have a much clearer anticipation to avoid losing your trade.
Emotionless trade can be performed depending on how you analyze and how you manage to study the business. The more you understand, the better anticipation you have, and can result to a better trading executions.
from my experience indeed when trading using emotions what happens is destruction,
and one of the very terrible emotions is dissatisfaction with what you have achieved,
I experienced when I traded on Binance futures and I earned $ 300 overnight,
after that I really wanted more and the result is that I lost $ 300 and my capital $ 100,
yes this is why I can say it and hopefully everyone here can also control your emotions when trading.
and one of the very terrible emotions is dissatisfaction with what you have achieved,
I experienced when I traded on Binance futures and I earned $ 300 overnight,
after that I really wanted more and the result is that I lost $ 300 and my capital $ 100,
yes this is why I can say it and hopefully everyone here can also control your emotions when trading.
The basic key in trading is not to be greedy, be patient, and don't panic. they are all emotions that need to be controlled. however, there are still quite a lot of emotions that need to be managed as the OP mentioned. After all, it is advice passed down from generation to generation by people who have traded before. Very many people have suffered losses because they could not control their emotions, and I have felt that too. Well, so when trading, try to control your emotions. This can make you make the right decision.
Yeah, you need to really practice that control inside you, the limitation and the emotions that most of the time influences every decision that you will going to take while inside this venue of investment, it's a big effect to your trade when you feel the aggressions and the fear which very common when you are dealing with trading.
You must have that set of limitation each time you place your position and keep in mind that it was your hard earned money
that you need to protect before you decide on your next step.
Accessing steady emotions for trading is challenging, but with good trade analysis, it is not as difficult. Control everything inside you and be able to direct it to your trading region of concentrate. Profits and losses are made on a regular basis, therefore it is important to plan to be on the winning side. When a trader places a trade, he or she is on a completely different level, with a lot on his or her mind. Trading with emotions has resulted in the largest liquidation of trading accounts throughout the years and still counting; an unbalanced strategy leads to FOMO and FUD, demonstrating that both sides are completely off track. You must have that set of limitation each time you place your position and keep in mind that it was your hard earned money
that you need to protect before you decide on your next step.
I completely agree with this advice. Emotions can cloud judgment and lead to impulsive decisions, which can ultimately result in losses. It's important to approach investing and trading with a level head and a well-thought-out strategy. By investing a small portion of your portfolio and avoiding emotional decision-making, you can reduce your risk and increase your chances of success in the long run.
It is that it is very difficult to do something like this, everyone says they talk about Controlling and having patience, but you have to be there operating to know what it Feels like, what goes through your head and Sometimes the Fear of losing, if people controlled Emotions did not Exist in cases of arterial Hypertension or Similar,including heart Attacks, I have not come across anyone in life who tells me that if I control emoticons and that I know that I do ,Emotions are something we Must deal with. learn to cobvivir and try to have "Some" control for Health and not to lose Money, this Case always Happens in casinos too.
Yeah, you need to really practice that control inside you, the limitation and the emotions that most of the time influences every decision that you will going to take while inside this venue of investment, it's a big effect to your trade when you feel the aggressions and the fear which very common when you are dealing with trading.
You must have that set of limitation each time you place your position and keep in mind that it was your hard earned money
that you need to protect before you decide on your next step.
on which you are emotionally unstable then you would really be that prone into lots of errors and mistakes which is something that you would really be needing to avoid because it would be never that ideal
on having that kind of condition where you are really that unstable.
You would really be finding yourself into impulsive decisions and actions since your emotion is really at that been affected. You would be soon able to find out on what mistake you
had committed which you would realize that you should keep your cool and make your goal and mindset been intact.
I completely agree with this advice. Emotions can cloud judgment and lead to impulsive decisions, which can ultimately result in losses. It's important to approach investing and trading with a level head and a well-thought-out strategy. By investing a small portion of your portfolio and avoiding emotional decision-making, you can reduce your risk and increase your chances of success in the long run.
It is that it is very difficult to do something like this, everyone says they talk about Controlling and having patience, but you have to be there operating to know what it Feels like, what goes through your head and Sometimes the Fear of losing, if people controlled Emotions did not Exist in cases of arterial Hypertension or Similar,including heart Attacks, I have not come across anyone in life who tells me that if I control emoticons and that I know that I do ,Emotions are something we Must deal with. learn to cobvivir and try to have "Some" control for Health and not to lose Money, this Case always Happens in casinos too.
Yeah, you need to really practice that control inside you, the limitation and the emotions that most of the time influences every decision that you will going to take while inside this venue of investment, it's a big effect to your trade when you feel the aggressions and the fear which very common when you are dealing with trading.
You must have that set of limitation each time you place your position and keep in mind that it was your hard earned money
that you need to protect before you decide on your next step.
I completely agree with this advice. Emotions can cloud judgment and lead to impulsive decisions, which can ultimately result in losses. It's important to approach investing and trading with a level head and a well-thought-out strategy. By investing a small portion of your portfolio and avoiding emotional decision-making, you can reduce your risk and increase your chances of success in the long run.
It is that it is very difficult to do something like this, everyone says they talk about Controlling and having patience, but you have to be there operating to know what it Feels like, what goes through your head and Sometimes the Fear of losing, if people controlled Emotions did not Exist in cases of arterial Hypertension or Similar,including heart Attacks, I have not come across anyone in life who tells me that if I control emoticons and that I know that I do ,Emotions are something we Must deal with. learn to cobvivir and try to have "Some" control for Health and not to lose Money, this Case always Happens in casinos too.
Emotion seems to be simple but it is very difficult to control. Every trader is a human they can be experienced or inexperienced, there is a place for emotions in everyone. It is difficult to understand when an experienced trader is trading on emotion. But if one is careless according to his situation then he must take a break otherwise there is a possibility of facing huge losses. Especially when a trader is in humanitarian distress, he should not take new entry in trading. It is the right time for a trader to trade when he is fully stress free.
Jump to: