Topic: Never Trade on Emotions - page 2. (Read 1449 times)
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.
These six points are the main causes of failure.
Because you discussed it for trading activity, that's the main reason people fail to achieve success when doing it.
In other business worlds these six points can also be a trigger for someone to fail to reach their goal, namely bankrupt.
Those who are able to manage all these points well have a high chance of achieving success.
However, what makes me wonder is that in this modern era, there are still types of people who can (panic, get angry, rush, etc.) carry out their activities.
Because you discussed it for trading activity, that's the main reason people fail to achieve success when doing it.
In other business worlds these six points can also be a trigger for someone to fail to reach their goal, namely bankrupt.
Those who are able to manage all these points well have a high chance of achieving success.
However, what makes me wonder is that in this modern era, there are still types of people who can (panic, get angry, rush, etc.) carry out their activities.
Quote
A major key for a trader is your enemy is always his emotions.
Emotions are very important in cryptocurrency trading. Especially new traders often face difficulties in controlling their emotions. Because no trade can be guaranteed to be 100% correct. And when they enter any trade, if the price goes down instead of up, they immediately panic,And often close their trade at a loss. Often after selling, the price starts to go up again.Because the nature of the market is that it goes up and down. Experienced traders understand this and never get emotional. This is the problem with every trader in the beginning, but once he gets in tune with the market and gets experience, he also gets control over his emotions. Because it is a natural process, people who are new to any field often show nervousness and impatience. But as experience goes on, they control all these things.
You are not alone. Many traders, including competent and professional traders, have suffered significant losses in trading before. That is why, even though we have the same strategy, our execution differs since we have emotions and apply psychology every time we trade. They say that if you have a string of losses, you should rest and engage in things that will help you ease the stress cause by trading, and this is accurate. Dive, climb, travel, and other activities are among them. Personally, I enjoy going fishing and playing basketball. When I feel better, I will resume to trading.
Indeed, you will be able to control your emotions over time. At least, I feel that from my own experience. Feelings depend on your previous experience and your age as well. I remember back in the old days; I cried a lot when I lost my smartphone. At that time, I wasn't able to control myself. A Year ago, Couple of my computer with my Mining GPU's Burned in a thunder storm. I was sad but still if I compare my feelings with that two incident, The first one was more deep.
Sometimes those things depends on how much experienced you are. Sometimes you will realize that you are not getting hurted anymore. A few weeks ago I lost a couple of hundred dollars assets and my feeling was like whatever, Go ON. These things happens. If your age is over 30, I would say go for what you love most. If you have toddlers, spend time with them. This is the most busy and relaxing thing.
Well said! I think brightly listed the major emotional manifestations of a human person. A guy once said that if you are emotional about your wins and losses the market will milk you dry.
Is it really possible to win without being emotional about it? Is it really possible to lose without having a deep thought about the money that got wasted?No,every trade is done for the purpose of making profit,and when those profit do not come,there is every tendency that it might affect the trader in one way or the other.it is important to note that every major transaction done has a way of touching our emotions.I think the only way one can make transaction without being emotional is when you make trade become a game,it becomes a game in the sense that you just trade base on the fact that you want to try your luck.When it is seen as something that can always fail you,it won't hurt you when you eventually lose,but when all your hope is on making profit,that's when the pain comes. Trading with emotions as a trader is wrong, it won't yield to any result. Trading with emotions is just as a revenge to gain back money that was loss. Trading needs to be done with a clear mind that is positive, trading with with emotions has exceed just trading. At this point trading it is no longer called trading but gambling just to obtain profits at all cost. If people have the real understanding of trading I don't think they will choose or make decisions to trade in emotions.
It is impossible to trade without emotions, because a human being is not a robot. It is impossible to control all your actions all the time, otherwise you will get "emotional burnout" or overstrain, as a result of which you will make a mistake anyway. You yourself experience emotions while trading, don't you? Most likely, yes. If you want to trade without emotion, set up a trading bot.
I agree with the notion that it is really impossible to trade without emotion as every risky thing that we would do, even if we really accept the risk associated with it, we can never deny the fact that there would be an emotion that goes with it. It is normal to have those emotion but we should really know how and when to stop since it is proven that having strong emotions would cause some bad decisions, so it is better for us to have a pause with it so we can think of it further after getting ourselves together. So, it is right to never trade on emotions, thus, at the end, we should be able to control it as we can use every experience with our emotion to better our actions toward trading activities.
Trading with emotions as a trader is wrong,  it won't yield to any result. Trading with emotions is just as a revenge to gain back money that was loss. Trading needs to be done with a clear mind that is positive,  trading with with emotions has exceed just trading.  At this point trading it is no longer called trading but gambling just  to  obtain profits at all cost.  If  people have the real understanding of trading I don't think they will choose or make decisions to trade in emotions.
It is impossible to trade without emotions, because a human being is not a robot. It is impossible to control all your actions all the time, otherwise you will get "emotional burnout" or overstrain, as a result of which you will make a mistake anyway. You yourself experience emotions while trading, don't you? Most likely, yes. If you want to trade without emotion, set up a trading bot.
You have a point but it doesn't mean that you will control it always , there are really times that you've got panic but what it meant is that dont get carried away of being panic like you well sell of as the price goes down. We are human we have emotions but it shouldn't affect our trading style and strategies as this could lead to losses. It is like in our daily job if we got angry if we dont control our emotions we could punch our boss right ?
Compared into those noobs who would really be committing lots of errors and mistakes and this is why you should really be avoiding on trading up with emotions. It wont really be that simple
or easy but once you do able to handle up yourself that well then you would really be able to see its benefits.
Well said! I think You rightly listed the major emotional manifestations of a human person. A guy once said that if you are emotional about your wins and losses the market will milk you dry, and looking back that almost a basic Truth in Trading, along the likes of "the Trend is Your Friend"
Trading with emotions as a trader is wrong,  it won't yield to any result. Trading with emotions is just as a revenge to gain back money that was loss. Trading needs to be done with a clear mind that is positive,  trading with with emotions has exceed just trading.  At this point trading it is no longer called trading but gambling just  to  obtain profits at all cost.  If  people have the real understanding of trading I don't think they will choose or make decisions to trade in emotions.
It is impossible to trade without emotions, because a human being is not a robot. It is impossible to control all your actions all the time, otherwise you will get "emotional burnout" or overstrain, as a result of which you will make a mistake anyway. You yourself experience emotions while trading, don't you? Most likely, yes. If you want to trade without emotion, set up a trading bot.
You have a point but it doesn't mean that you will control it always , there are really times that you've got panic but what it meant is that dont get carried away of being panic like you well sell of as the price goes down. We are human we have emotions but it shouldn't affect our trading style and strategies as this could lead to losses. It is like in our daily job if we got angry if we dont control our emotions we could punch our boss right ?
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.
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.
Couldn't of said it better. Never let your emotions take hold of your loss. I used to when I was a new trader, but I had to learn throughout the years that doing that is not beneficial.
Trading with emotions as a trader is wrong, it won't yield to any result. Trading with emotions is just as a revenge to gain back money that was loss. Trading needs to be done with a clear mind that is positive, trading with with emotions has exceed just trading. At this point trading it is no longer called trading but gambling just to obtain profits at all cost. If people have the real understanding of trading I don't think they will choose or make decisions to trade in emotions.
It is impossible to trade without emotions, because a human being is not a robot. It is impossible to control all your actions all the time, otherwise you will get "emotional burnout" or overstrain, as a result of which you will make a mistake anyway. You yourself experience emotions while trading, don't you? Most likely, yes. If you want to trade without emotion, set up a trading bot.
it's better if we don't get emotional when trading, because that can make trading chaotic, it's proven when I did it,
when I first traded in futures the emotion came because I felt I was winning and kept doing it even though I was already profitable and in the end my profit was gone in an instant,
I hope you also don't feel sad like me.
Trading with emotions will only make us run at a loss in trading. It's never advisable to trade with the mindset of revenging your losses, because that will only give room to more losses. We need to possess the qualities to be able to maintain a stable motive towards trading and be ready to face the results with good stability of the mind. Trading and ending in profits doesn't mean that's how we're going to continue making profits, there are times losses will come, but we should make sure that our profits covers all losses in trades.when I first traded in futures the emotion came because I felt I was winning and kept doing it even though I was already profitable and in the end my profit was gone in an instant,
I hope you also don't feel sad like me.
Clear mind in each trading participation that you'll going to invest your money, I like that idea that you should not work with this business if you still have that emotions that can dominate your decision making, it will affect your investment hardly as being afraid to see you losing can just create more problem when you are inside the market.
Better to rest yourself for a while if you suffer from losing. Continue to study any possibility of bouncing back and slowly recover your money.
it's better if we don't get emotional when trading, because that can make trading chaotic, it's proven when I did it,
when I first traded in futures the emotion came because I felt I was winning and kept doing it even though I was already profitable and in the end my profit was gone in an instant,
I hope you also don't feel sad like me.
Trading with emotions will only make us run at a loss in trading. It's never advisable to trade with the mindset of revenging your losses, because that will only give room to more losses. We need to possess the qualities to be able to maintain a stable motive towards trading and be ready to face the results with good stability of the mind. Trading and ending in profits doesn't mean that's how we're going to continue making profits, there are times losses will come, but we should make sure that our profits covers all losses in trades.when I first traded in futures the emotion came because I felt I was winning and kept doing it even though I was already profitable and in the end my profit was gone in an instant,
I hope you also don't feel sad like me.
Emotions arise as a result of tension, as you indicated. I believe stress can also cause them. Thank you for your guidance, @OP. I feel this advice can be used to all traders, not just beginner traders.As the writer indicated, you cannot be angry, hurried, or emotional while trading. If you do, I believe you are putting your money at danger and risk losing it.
For the new traders I believe these can happen to them when they're new in the process and loosing all the time especially anger hurry and emotions.
For the new traders I believe these can happen to them when they're new in the process and loosing all the time especially anger hurry and emotions.
it's better if we don't get emotional when trading, because that can make trading chaotic, it's proven when I did it,
when I first traded in futures the emotion came because I felt I was winning and kept doing it even though I was already profitable and in the end my profit was gone in an instant,
I hope you also don't feel sad like me.
You are not alone. Many traders, including competent and professional traders, have suffered significant losses in trading before. That is why, even though we have the same strategy, our execution differs since we have emotions and apply psychology every time we trade. They say that if you have a string of losses, you should rest and engage in things that will help you ease the stress cause by trading, and this is accurate. Dive, climb, travel, and other activities are among them. Personally, I enjoy going fishing and playing basketball. When I feel better, I will resume to trading.when I first traded in futures the emotion came because I felt I was winning and kept doing it even though I was already profitable and in the end my profit was gone in an instant,
I hope you also don't feel sad like me.
You needed that rest not to continue your losing streak, most of the time when traders keep trying to push forward to recover their losses they find themselves losing more, and it's not only those newcomers but also experienced traders suffers from this problem, and the good thing is to find a good diversion to regain your focus and for you to find the right sets of strategy before trying your trade again.
With better analysis and assessment, together with fresh mindsets, you'll be able to find the way to slowly go back on track.
are really times which the market is really that too unpredictable or does made out some random swings which it would really cause up for you to stir your emotions and if you arent that good on handling your emotions
then you would really be definitely be able to commit lots of errors and mistakes which is something that we do need to avoid as much as we could.
it's better if we don't get emotional when trading, because that can make trading chaotic, it's proven when I did it,
when I first traded in futures the emotion came because I felt I was winning and kept doing it even though I was already profitable and in the end my profit was gone in an instant,
I hope you also don't feel sad like me.
You are not alone. Many traders, including competent and professional traders, have suffered significant losses in trading before. That is why, even though we have the same strategy, our execution differs since we have emotions and apply psychology every time we trade. They say that if you have a string of losses, you should rest and engage in things that will help you ease the stress cause by trading, and this is accurate. Dive, climb, travel, and other activities are among them. Personally, I enjoy going fishing and playing basketball. When I feel better, I will resume to trading.when I first traded in futures the emotion came because I felt I was winning and kept doing it even though I was already profitable and in the end my profit was gone in an instant,
I hope you also don't feel sad like me.
You needed that rest not to continue your losing streak, most of the time when traders keep trying to push forward to recover their losses they find themselves losing more, and it's not only those newcomers but also experienced traders suffers from this problem, and the good thing is to find a good diversion to regain your focus and for you to find the right sets of strategy before trying your trade again.
With better analysis and assessment, together with fresh mindsets, you'll be able to find the way to slowly go back on track.
it's better if we don't get emotional when trading, because that can make trading chaotic, it's proven when I did it,
when I first traded in futures the emotion came because I felt I was winning and kept doing it even though I was already profitable and in the end my profit was gone in an instant,
I hope you also don't feel sad like me.
You are not alone. Many traders, including competent and professional traders, have suffered significant losses in trading before. That is why, even though we have the same strategy, our execution differs since we have emotions and apply psychology every time we trade. They say that if you have a string of losses, you should rest and engage in things that will help you ease the stress cause by trading, and this is accurate. Dive, climb, travel, and other activities are among them. Personally, I enjoy going fishing and playing basketball. When I feel better, I will resume to trading. when I first traded in futures the emotion came because I felt I was winning and kept doing it even though I was already profitable and in the end my profit was gone in an instant,
I hope you also don't feel sad like me.
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.
I think this is a very important note and needs to be considered by traders. Emotions such as fear, greed and hopelessness can affect a person's ability to make rational and objective investment decisions. When a trader is overly emotional, he may be inclined to take unbalanced risks or sell bitcoins quickly without considering long-term factors. In such situations, the decisions taken may not be based on sound analysis and may have a negative impact on investment returns.- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.
It is very important for traders to control their emotions and consider investment decisions properly and correctly. Some ways that can help manage emotions when trading include paying attention to market knowledge gained through analysis and experience, as well as maintaining a well-prepared trading plan.
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.
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.
Firstly what is emotions?
well emotions is a strong feeling deriving from ones circumstance, or relationship s with others. while trading one emotions is when a trader or investor let's personal feeling and emotions impact their decision_making
emotions can make you lost everything mostly greed.
Outside been emotional or not,it's first advisable you learn trading...
Agreed, because market sentiments are one of the main factors that encourage us to do dumb shits. because I had also fallen for them many times and made great losses. Like, even if you have become a pro trader after getting started and spending a hell lot of time learning new things, there comes a point where, every person falls prey to market sentiments, because such behavior of the market is so unpredictable, just like the current state of the market, in which BTC is testing its support line of 29k even there is no activity in fundamental factors. I also covered a topic Don’t Fall Prey to these Market Sentiments and Save your Bitcoin, in which i covered four main types of market sentiments that we should avoid with details.
Trading and ending in profits doesn't mean that's how we're going to continue making profits, there are times losses will come, but we should make sure that our profits covers all losses in trades.
Exactly, you had explained it all in short form, i read a topic recently about Does anyone notice the "investment cost" ?, which also emphasizes the same point. For example, most of us like myself (at the start) do not want to learn fundamental and technical analysis, instead just want to make straight money overnight that could make us rich. How did we get that mentality? That's another level of discussion but for now, we have to understand the flaws and shadows of the trading system, we should not always focus on the bright side of it. because if we ignore the dark side then we definitely going into it. Jump to: