Never Trade on Emotions - page 3. | Bitcointalksearch.org

martyns

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Quote from: Belarge on April 19, 2023, 12:37:49 PM

Outside been emotional or not,it's first advisable you learn trading first before investing, that has always been my advice to any bitcoiner, is more confident if you know about trading before investing, it gives you the opportunity to have more profits than loses.
Op thanks for your advices though,I know most people trade and channel their emotions into trading which might be very normal mostly when they incurre loses, the hurry, panic , doubt, anger that comes when loses are been incured, so in order for a bitcoiner not to be so emotional, please learn and understand trading first before investing...

You are correct on the fact that one must learn how to trade first before investing,some person go into trading without thinking of the risk involved,they have no grounded knowledge about what trading is all about,they take risk without calculating.It is good and wise to make proper research before you venture into any form of trading,either long term or short term.

Is there any way in which one can ever trade without thinking about the money he or she has spent on the coin? We are talking about trading without emotions,and to me,it's very difficult because every time I'm done investing,I must have a deep thought about the money I spent on that product,and would expect a massive return.I just have to try very hard to trade like a robot.

Belarge

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Outside been emotional or not,it's first advisable you learn trading first before investing, that has always been my advice to any bitcoiner, is more confident if you know about trading before investing, it gives you the opportunity to have more profits than loses.
Op thanks for your advices though,I know most people trade and channel their emotions into trading which might be very normal mostly when they incurre loses, the hurry, panic , doubt, anger that comes when loses are been incured, so in order for a bitcoiner not to be so emotional, please learn and understand trading first before investing...

omgitsmehehe

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Quote from: GelatikKembar on April 18, 2023, 04:36:40 PM

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.

GelatikKembar

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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.

Mahanton

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Quote from: ningrum on April 18, 2023, 03:09:45 PM

Quote from: Fredomago on April 18, 2023, 02:12:05 PM

Quote from: JayTrain on April 17, 2023, 02:20:17 PM

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.

You can avoid losing a lot if you know how to balance your emotions and your strategy, there are factors that affecting your strategy and without the proper knowledge in how to control, emotions will swallow you and drives you to mistakenly project the next market movements, it's really needed to have the right understanding with the business or investment that you are taking.

It will be safer to invest with set plans and strategy and be firmed with how you perceive the market without any influence from your emotions.

In trading, of course, it is very important to have a clear mind because when it is dominated by emotions, it is not impossible that it will harm us,
I agree with what you said and indeed the key is to balance,
we know for ourselves that trading is so complex that we need to prepare a lot of things.

Easy to say but when you are on the actual situation where your trades are really that something going on the floor or having huge reds or negatives then it cant really be that avoided that you wont really be making
out some reactions on which it is really that very common on a certain person no matter how experienced you are but of course this is something that we should really need up to control or else we would really be having that a hard time on making ourselves that get improved in times like this. Never trade on emotions because if you do let your emotions do kicks in then you would defintely be messing up your
trading plans and goals which you have set earlier.In short its not something that you should let on mixing things up.

ningrum

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Quote from: Fredomago on April 18, 2023, 02:12:05 PM

Quote from: JayTrain on April 17, 2023, 02:20:17 PM

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.

You can avoid losing a lot if you know how to balance your emotions and your strategy, there are factors that affecting your strategy and without the proper knowledge in how to control, emotions will swallow you and drives you to mistakenly project the next market movements, it's really needed to have the right understanding with the business or investment that you are taking.

It will be safer to invest with set plans and strategy and be firmed with how you perceive the market without any influence from your emotions.

In trading, of course, it is very important to have a clear mind because when it is dominated by emotions, it is not impossible that it will harm us,
I agree with what you said and indeed the key is to balance,
we know for ourselves that trading is so complex that we need to prepare a lot of things.

Fredomago

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Quote from: JayTrain on April 17, 2023, 02:20:17 PM

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.

You can avoid losing a lot if you know how to balance your emotions and your strategy, there are factors that affecting your strategy and without the proper knowledge in how to control, emotions will swallow you and drives you to mistakenly project the next market movements, it's really needed to have the right understanding with the business or investment that you are taking.

It will be safer to invest with set plans and strategy and be firmed with how you perceive the market without any influence from your emotions.

Franctoshi

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Emotions can be the worst challenge many traders usually face when trading, even if you are on the right path or have gotten your analysis very well, emotions can cause huge distortion in ones trading career. If you can figure out how to dealing with your emotions on the course of trading, you would start to be profiting in your trading journey. Note that no one controls the market, so do your analysis very well, place your trades and back them with stops and allow them to run, because trading is a two ways thing which one must happen.

irhact

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Quote from: usekevin on April 16, 2023, 05:39:58 PM

Trading with emotions is not recommended one.Because with the emotions of losing the entire money,then you cash out the money with less loss.But the new panic people will do this for most of the time.So the price of bitcoin and other cryptocurrencies was dump ,Pump of price.The new trader should learn strategic move to hold the coins at the deadly moment.The deadly situation may be change your life so,avoid such continuous situation to win your life .When holding creates you some profit,they uses that management money for the savings.

If a trader notice he or she is relying on their emotions to trade, it doesn't matter if they are making profits or losing, what they should do is to stop trading immediately. Trading with emotion is never healthy for the user trading because they getting no experience from doing that as what's giving them profits is just them beens lucky which will fail them one day.

For traders trading with their emotions, they can stop trading and continue holding but holding itself too needs some dedication which involves patience and disciplined. To be profiting in the cryptocurency market you need to discipline yourself either when trading or investing.

martyns

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Quote from: Jwest on April 17, 2023, 08:05:29 AM

Quote from: King GK on March 03, 2023, 02:53:44 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.

Adding to this:

Trading with doubts and greed makes the market go against us most times.
After your analysis, and you decide to place a trade, but with the price movement, you start developing doubt against your own analysis, most times can also lead to loss

From my experience, trading and wanting to get higher profit than the profit you've set for that trade, might give you a loss result. Which might be very difficult for one to handle emotionally. Set your goal and eliminate greed your your trades.

This is a nice one,you just mentioned the types of people that loss money while trading.Some person's are so anxious about the fact that they' spent money on trading,and therefore,the money must return back in double fold,and when it looks like the trade won't turn out to be the way they expected,it will either cause them high blood pressure or it might give them emotional trauma which is very dangerous for their health.Another thing you failed to tell newbies is the fact some persons rush while trading to make their first trade without making a good research and analysis of the market,to know whether it will bring out good result or not.

JayTrain

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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.

MIner1448

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Thanks for your opinion and advice. I agree that emotions can be dangerous for a trader and that it is important to keep a cool head when making decisions in the market. It is also important to have an understanding of risks and be able to manage your portfolio by diversifying it and not investing too much in one cryptocurrency. Remember that the cryptocurrency market can be very volatile and it is important to have a long-term perspective when investing in cryptocurrencies.

Pandu Geddon

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Quote from: Bushdark on April 17, 2023, 09:08:39 AM

Quote from: ?? on ??

A very important note that is really worth considering. It is important to understand that, under the influence of emotions, traders can make decisions that clearly would not be worth making.

I think we need to ask ourselves whether it is that easy to stop trading with emotions. This thing is not that easy unless we have been in the market for a very long time. Since we are trading with our money, it is not that very easy for us to trade without emotions unless we have trained ourselves very well how to handle loses and make trades works without much drama. Emotion is something that many traders had been fightimg to overcome but it is just not easy because or some many things we need to try as much to overcome.

of course, it will take time. and it's not as easy as it sounds. but as you try trading more and more, you will see where your gap is to be able to develop your skills, including controlling your emotions.
those who are already very professional in trading, of course, go through quite a lot of difficult trades. and that's what makes them better traders. many beginners finally choose to stop trading because of the frustration of not being able to overcome losses due to not being able to control their emotions. it's like gambling when you get a win and forget to stop and make a withdrawal.

Bushdark

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Quote from: ?? on ??

A very important note that is really worth considering. It is important to understand that, under the influence of emotions, traders can make decisions that clearly would not be worth making.

I think we need to ask ourselves whether it is that easy to stop trading with emotions. This thing is not that easy unless we have been in the market for a very long time. Since we are trading with our money, it is not that very easy for us to trade without emotions unless we have trained ourselves very well how to handle loses and make trades works without much drama. Emotion is something that many traders had been fightimg to overcome but it is just not easy because or some many things we need to try as much to overcome.

Jwest

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Quote from: King GK on March 03, 2023, 02:53:44 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.

Adding to this:

Trading with doubts and greed makes the market go against us most times.
After your analysis, and you decide to place a trade, but with the price movement, you start developing doubt against your own analysis, most times can also lead to loss

From my experience, trading and wanting to get higher profit than the profit you've set for that trade, might give you a loss result. Which might be very difficult for one to handle emotionally. Set your goal and eliminate greed your your trades.

Jatiluhung

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Quote from: ?? on ??

A very important note that is really worth considering. It is important to understand that, under the influence of emotions, traders can make decisions that clearly would not be worth making.

Well right. this is an important point of why we should not trade when emotions have taken over our minds. because of course we will not be able to think clearly with emotions that still dominate our minds. and yes, it's true, that is, all decisions that are made when we are under high emotional pressure, we really cannot make them. because even we will find it difficult to do an analysis if we ourselves have not been able to control our emotions. especially sentimental analysis will be very difficult to do if we can't think properly and calmly.

Unbunplease

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Quote from: usekevin on April 16, 2023, 05:39:58 PM

Trading with emotions is not recommended one.Because with the emotions of losing the entire money,then you cash out the money with less loss.But the new panic people will do this for most of the time.So the price of bitcoin and other cryptocurrencies was dump ,Pump of price.The new trader should learn strategic move to hold the coins at the deadly moment.The deadly situation may be change your life so,avoid such continuous situation to win your life .When holding creates you some profit,they uses that management money for the savings.

The basic question is how to trade without emotion, when we start trading mainly because emotion led us to trade. A human is not a robot, and emotions will always be present. If you want to trade without emotions, then install a trading bot (although trading bots make mistakes too, because the trading process is always full of surprises).

usekevin

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Trading with emotions is not recommended one.Because with the emotions of losing the entire money,then you cash out the money with less loss.But the new panic people will do this for most of the time.So the price of bitcoin and other cryptocurrencies was dump ,Pump of price.The new trader should learn strategic move to hold the coins at the deadly moment.The deadly situation may be change your life so,avoid such continuous situation to win your life .When holding creates you some profit,they uses that management money for the savings.

Fredomago

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Quote from: Altryist on April 16, 2023, 11:18:18 AM

Quote from: Latviand on April 16, 2023, 04:16:40 AM

Of course that's already a given, you need to learn the fundamentals before getting into anything, I mean isn't that how everything that we do should start, no one gets in something doing it right the first time. Trading because you've become emotional and you want to take back your losses so quickly without rethinking your approach or strategy is a natural thing, the real skill is keeping that emotion in check and not hinder your next move.

Emotions can become our enemy, I first encountered this in gambling, when after a loss I wanted to win back, I made very stupid decisions and it is clear that this did not help me solve the problem that I had. The same essence is present in trading, and emotions will most likely lead only to loss of money. This applies not only to negative emotions, positive emotions also sometimes prevent us from thinking sensibly.

Yup your emotion either create fear or aggression, fear when you see that the market is turning against you while aggression when you wanted to recover your losses and you wanted to do it in a quicker process, you need to control and minimize your mistake when following your emotions.

Else, you will find yourself keep losing in each trading position that you will going to take. It's important to learn from your experienced in each time you follow your emotions during your trading participation.

Altryist

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Quote from: Latviand on April 16, 2023, 04:16:40 AM

Of course that's already a given, you need to learn the fundamentals before getting into anything, I mean isn't that how everything that we do should start, no one gets in something doing it right the first time. Trading because you've become emotional and you want to take back your losses so quickly without rethinking your approach or strategy is a natural thing, the real skill is keeping that emotion in check and not hinder your next move.

Emotions can become our enemy, I first encountered this in gambling, when after a loss I wanted to win back, I made very stupid decisions and it is clear that this did not help me solve the problem that I had. The same essence is present in trading, and emotions will most likely lead only to loss of money. This applies not only to negative emotions, positive emotions also sometimes prevent us from thinking sensibly.

Topic: Never Trade on Emotions - page 3. (Read 1458 times)