Never Trade on Emotions - page 11. | Bitcointalksearch.org

YOSHIE

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Quote from: King GK on March 03, 2023, 03:53:44 AM

A major key for a trader is your enemy is always his emotions.

That's why everyone, when talking about crypto trading or other trading, always we say 'patience' trading crypto or Bitcoin has a high risk, the slightest miscalculation of loss awaits in sight, that's for sure.

For this reason, if trading crypto with emotion and not based on patience, research, analysis, predictions and so on, until the end of the world those who trade crypto have never managed to make good profits.

cydrix

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One of the best way t on become successful on trading is to control yourself from anything. We can’t avoid emotions in our life but we can control it. Managing yourself first will help you on your journey.
With my experience on trading, we all have different perspectives when getting a trade. Most people go with the trend while some are those who does their researches before entering to a trade. Good Luck on your trading journey!

Fuso.hp

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We see several types of investors in the market, some invest by analyzing the market, some invest only by seeing the volatility of the market, and there are some investors who invest only on emotion. Those who invest by analyzing the market mainly earn profits by investing and there are other investors who only invest based on market volatility or emotions but often face losses. So you should invest by analyzing the market instead of investing based on emotions.

palle11

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Quote from: hugeblack on March 04, 2023, 04:11:20 AM

So I control feelings is the solution and not consider them an enemy.

Yes regarding this, feelings can be positive emotions but it also has to have some level of confirmation from the trading strategy and indicators before we begin to have that kind of positive feeling or emotions to want to enter an order but apart from confirmation, if we are just having feeling then we are just going for a risk without confirmation, that is dangerous.

hugeblack

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Emotions are a double-edged blade. For example, an emotion such as fear and anxiety may lead you to lose part of your investment. An emotion such as desire is what makes you invest in a high-risk investment. Otherwise, why not settle for the 5% that banks give you?
So I control feelings is the solution and not consider them an enemy.

Digital_Lord

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Yes exactly you are right we should avoid our emotions while trading whether he is a newbies or an old trader but should control emotions. Actually if market pumps then one should not invest in certain coins because market is already pump so there will be higher chances of its dump. A person always thinks that he will not take his losses serious but it is a reality that one cannot bear losing of money. It will be very helpful that do not take any decision in quick mood as you are in hurry but you do not think that what will happen after this. So always think completely and understand that your decision is right or not and then take forward step.

KennyR

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Quote from: Rufsilf on March 03, 2023, 07:26:39 PM

Quote from: samcrypto on March 03, 2023, 06:43:49 PM

Quote from: King GK on March 03, 2023, 03:53:44 AM

- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried

These are the emotions that you should avoid in trading or else you might missed a lot of opportunities and you might lose your money in an instant.
In trading, there's a lot of emotions like this, you can just ignore it and just focused on your strategy because if you get distracted, then it can be more risky for you to trade. Beginners tend to be more emotion in trading, its normal and you have to overcome that emotion in order for you to become a good trader.

Generally, they are negative emotions leading us to losses and frustrations. It was hard to stop these emotions as we are humans but it is a need in order for us to succeed in trading otherwise, we fail. That is why before planning to trade, we also assess ourselves if we can carry the burden it made like controlling our emotions because if we think we can't, then there is no reason why pushing ourselves to this place as it won't go the direction we wanted.

Emotions are part of the trading practice. We only need to get adopted to it. Only practice can help in overcoming the emotions. Particularly the cryptomarket is not the same as traditional markets. We won't be able to make perfect prediction. If things didn't go as the plan it is good to stop the trade and look for the next option or plan B. Just pressurising ourselves doesn't gonna make anything happen in the market until you're a whale trader.

Rufsilf

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Quote from: samcrypto on March 03, 2023, 06:43:49 PM

Quote from: King GK on March 03, 2023, 03:53:44 AM

- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried

These are the emotions that you should avoid in trading or else you might missed a lot of opportunities and you might lose your money in an instant.
In trading, there's a lot of emotions like this, you can just ignore it and just focused on your strategy because if you get distracted, then it can be more risky for you to trade. Beginners tend to be more emotion in trading, its normal and you have to overcome that emotion in order for you to become a good trader.

Generally, they are negative emotions leading us to losses and frustrations. It was hard to stop these emotions as we are humans but it is a need in order for us to succeed in trading otherwise, we fail. That is why before planning to trade, we also assess ourselves if we can carry the burden it made like controlling our emotions because if we think we can't, then there is no reason why pushing ourselves to this place as it won't go the direction we wanted.

blockman

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Quote from: King GK on March 03, 2023, 03:53:44 AM

I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.

All it ends with what you've said as trading with emotions. Based on experience, it's never really a good decision that you trade while you're experiencing something that affects your emotion. It will not end up with a good result and you'll just blame yourself afterward because it's not truly an effective way to trade. Whether you trade small or big, that will show what type of trader you are if you're getting yourself uncaught with those decisions. Much better not to trade so that you won't commit a mistake. Well, it could be manageable if you're about to trade with small amounts and you'll just spare it even if you lose but it all depends on how much the pool of your funds in trading because even if it's quite small, for the others it could be big already.

DoublerHunter

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Quote from: lionheart78 on March 03, 2023, 05:50:55 PM

Quote from: King GK on March 03, 2023, 03:53:44 AM

A major key for a trader is your enemy is always his emotions.

I think emotion isn't the only major key to successful trading. It does play a huge part but discipline is also as essential as emotion. To control ourselves from being greedy, emotional, and panicky is one of the best things that we can do while we are trading. Also, knowledge, research, and being updated play an important part as well. Not because we can control our emotions means we can be successful traders.

To be successful in trading need not only to conquer emotion but also needs discipline, right information, and being updated to be able to come to the right decision.

^ Emotions are definitely an important factor when it comes to trading, but it is not the only thing that determines success. Being disciplined, informed, and up-to-date on market trends and news is equally important. Without discipline, traders can easily succumb to greed or panic, which can lead to making poor decisions. Having the right knowledge and doing proper research can help traders make informed decisions and minimize risks. So, I believe that to be a successful trader, one needs to have a combination of emotional control, discipline, knowledge, and continuous learning.

samcrypto

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Quote from: King GK on March 03, 2023, 03:53:44 AM

- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried

These are the emotions that you should avoid in trading or else you might missed a lot of opportunities and you might lose your money in an instant.
In trading, there's a lot of emotions like this, you can just ignore it and just focused on your strategy because if you get distracted, then it can be more risky for you to trade. Beginners tend to be more emotion in trading, its normal and you have to overcome that emotion in order for you to become a good trader.

lionheart78

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Quote from: King GK on March 03, 2023, 03:53:44 AM

A major key for a trader is your enemy is always his emotions.

I think emotion isn't the only major key to successful trading. It does play a huge part but discipline is also as essential as emotion. To control ourselves from being greedy, emotional, and panicky is one of the best things that we can do while we are trading. Also, knowledge, research, and being updated play an important part as well. Not because we can control our emotions means we can be successful traders.

To be successful in trading need not only to conquer emotion but also needs discipline, right information, and being updated to be able to come to the right decision.

virasisog

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Quote from: King GK on March 03, 2023, 03:53:44 AM

I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.

Doing trading would give you a roller coaster ride of emotion and its normal since you could only get two results either to make a profit or to lose.m but what important are you could control and handle what you feel. Avoid making decisions based on what you feel but rather stay focused and observe if you are making things right.
Always stay on track if you want to reach your target goal. If we can't manage to control our emotions when doing trading, they will be the ones to take control of us when it comes to decision-making.

goaldigger

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This has been suggested here many times and its proven that having too much emotion is not good when you do trading. You may not avoid this one but you have to do your best to ignore it and just focus on your trading strategy.

I usually get distracted by the hype and fud but then again, you’ll just need to go back with your strategy, assess the situation and decide your next move. Your emotion can still help you make a good decision, just stay in control and trade better.

Russlenat

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Quote from: TheUltraElite on March 03, 2023, 05:51:55 AM

This comes with practice because getting emotional is human nature while not getting emotional is the feature of a seasoned trader. Often newbie traders who did not take part in dummy trading take decisions based on emotions which tend to be wrong most of the time but there is nobody to correct them right away.

A background of trading in other speculative assets and dummy trading might help new crypto traders understand how the market works and when to trade.

Buying low and selling high has been an age old method to profit. This should never be underestimated and misunderstood.

People trade because of what their emotions tell them, and that is to make profits and stay profitable. But in order to make this possible, trading without emotions is highly needed. Although it's hard since in all that we do we are driven with our emotions, but trading is different so it needs a different mindset too. However, with accumulated experiences trading in the market, you will realize that trading with emotions brings threat to your success so if you can trade without being affected by your emotions, that would be a lot better so you can be successful in your trading activity.

Botnake

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Quote from: King GK on March 03, 2023, 03:53:44 AM

I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.

As a trader, you won't go far from it if you cannot manage controlling your emotions when trading. Instead of setting your focus on your target goal, your emotions will trigger you especially if the market suddenly go sideways and eventually lost your focus on it. That's the most possible reason why trading is never easy and that a lot of traders have end up quitting instead of pursuing their goals. That's why if you want to be successful in trading, then don't invest in your emotions, instead learn to control it as much as you can.

Ndabagi01

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Quote from: King GK on March 03, 2023, 03:53:44 AM

I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio.

It is impossible to deny that having emotions about something is a feature of a human being. Controlling your emotions will undoubtedly come in handy and assist you while trading, particularly long term trading. The market's ups and downs will undoubtedly have an impact and control one's emotions, but having a prepared mindset on market volatility will put you at ease. Many people have lost a lot of money in trading because of uncontrollable emotions.

Quote from: TheUltraElite on March 03, 2023, 05:51:55 AM

Buying low and selling high has been an age old method to profit. This should never be underestimated and misunderstood.

This is an excellent way to profit from trading. This method may appear simple and straightforward to a novice, but it has its drawbacks. To profit from this type of trading, you must first master the art of keeping money (long term). For this to be possible, the market must be in an uptrend for an extended period of time. As a result, this type of method still requires expert guidance.

Kelvinid

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win lambo...

Definitely, we won't succeed in trading if we will not control our emotions because this is a manipulating factor that could affect our mindset which could lead to making wrong decisions. Many traders had come and just fail, and blamed themselves because they are too emotional.
I'm going to admit that sometimes I lose control of my emotions but of course, it was different when we are in trading, we have to think about the consequences of letting it happen all the time as it was disastrous to our plan.

Hamphser

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Quote from: Smartvirus on March 03, 2023, 03:45:07 PM

Quote from: King GK on March 03, 2023, 03:53:44 AM

Buying when it pumps and selling when it drops, that's the entire opposite of the unwritten principle that requires you to buy when it falls and sell when it pumps. No doubt, we find investors rushing into the market when price is high because, they wish to benefit from the billrun that is already playing out but the truth is, they already lost there chances at some good profit to the sentiments that restricted them from buying.
Good enough, it's never late buying at whatever price you meet the market at but, you've got to have a plan that keeps you in the market well enough to make profit. Either you are a day trader or swing trader or you just get to hodl for as long as it gets for the coin (bitcoin) to pump and then, you hodl again.

A very common thing which most of us would really be doing because just like been said on which if emotions do really kicks in then this is where things becomes really that messy.It wont really be just limited on trading

but also in other things in life as well on which emotions could really make out that huge effect if you cant able to control it.It would easily alter out your plans and decisions that you had made out earlier and this is why it is really that crucial if we do speak about emotion handling but somewhat this kind of thing cant really be acquire in a short time but rather a long time one and of course you would be needing to experience lots of
scenarios which would really be in connecting for you to get impulsive.This is the time you would really be able to mold up that kind of control.

Renampun

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Quote from: King GK on March 03, 2023, 03:53:44 AM

...
Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.

if you trade with emotions then you are not trading but gambling, trading requires good analysis and skills so that it doesn't lead to gambling. There have been many cases that we have seen where a trader lost big because that person made the wrong decision in the market. throw away panic - FOMO - anger - impatient when you want to start trading so that every decision you make really produces a profit.

below are nice words from professional traders;

Quote

"Trading is not for the dabbler, the dreamer, or the hopeless. This requires, above all, an unwavering quality of dedication. So if you are going to trade, trade the way you mean it" (Batang Casili)

"99%+ of traders don't care about Ferraris and yachts. They just want to pay their bills, save a little extra cash, and get a good night's sleep. The only way to do that is to hit 70% or more. Anything less, and these goals are nothing more than fantasy" (Mark Melnick)

Topic: Never Trade on Emotions - page 11. (Read 1438 times)