Topic: Never Trade on Emotions - page 5. (Read 1449 times)
Yes exactly people are afraid of losing money whenever they face decrease in price but they don't think that its temporary and it will recover back to higher price after bear market. Sometime after losing money the people get angry and due to this type of emotion they not only sell their coins in low price but they also leave trading and investment so they become unable to recover their money. Those decisions are best which are taken with cool mind because sudden decisions can make you unhappy with huge loss.
Sometimes don't blame whoever that is into buying and selling or investing in short term, I believe that bitcoin have a fluctuations measure which put fears in the mind of short term investors, sometimes they panic because they capital using to trade is basically borrowed one, so they are inquisitive to make profit at any point in time, and they panic to sell because they are curious to recover the funds lend to start up buying and selling of cryptocurrency and especially bitcoin precisely.
I have investments that I do not touch under any circumstances, and I have also set aside a small budget so far and am trying to trade. The priority for me is to save my money, and to check for myself what kind of success I can have in trading, if the results are good, I will increase the trading deposit, and I will invest my profit in bitcoin again.
Emotions plays a vital role in the getting of profit during higher and lower price of certain selected coins. If one wants to be successful in investment strategy then he should always focus to keep hide his emotions because if you are in willing of making money with quick method then it sometimes become impossible for a person to get what he wants. A Successful person is one who knows how to hide his emotions and success rate increases as a person manages his feelings more.
controlling emotions is very important to set the rhythm in our brain. of course we have to understand ourselves first, wanting to make big profits fast is natural in our minds, but we also have to be logical in seeing that success can be achieved gradually, so that in that way we will be able to obey the rules that we have made for ourselves and be able to Discipline to the framework created before the transactionIt is important to always carry out a careful analysis of the market and not be swayed by rumors or speculation. This can help you make trading decisions that are more rational and less based on emotion.
I think new investors tend to be very emotional. Because they have never invested in cryptocurrencies before and have not faced losses due to which a fear remains inside them. When newbies invest without realizing it, they are very happy to get a small profit. Then it was seen that after investing a little more money, if they faced loss, they broke down a lot. And this collapse reduces the risk to their investment altogether. But if you invest, you must acquire knowledge and analysis about the market, then you must invest in Bitcoin, then you will not be prone to losing money.
Most newbies expect to make money in trading in the first time that is why whenever they loss they feel very emotional and beginners don't don't develop their mind that trading at the beginning stage it is easy to lose money. If beginners prepare their mind and expect that losses can occur in the first time of trading it will be very easy to pass through or overcome the emotional stress, beginners will keep going emotional if they think trading is all about making. It is just simple understanding that can make one not to be emotional in trading. I have a friend who started trading and without knowing, all he did was decide if it seemed to him that the price was going to go up or down, the truth was that I was very surprised by his result, +he is in the USA, and he has won a lot money, I think he has a gift, and he has earned more than $10k with $1k that he started, he told me that trading is very easy, and in fact now he is taking many courses to learn more, he told me that they did not like the groups of tading that he preferred to do on his account, and since he is a happy person, since he has withdrawn some money and has bought telephones and even his own PS5, the truth is that I am happy for him, luck is with him.
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Trading all the time as a robot is very difficult. By the way, external factors can also interfere, such as a power outage or a sudden argument. These factors can easily throw you off balance, and tomorrow you will have to pay the interest on the loan, so you have to earn something today at all costs. Life doesn't allow you to trade like a robot.I agree with you, we are not robots and that means that there are pauses to be taken when things don't go according to plan. Take time off and plan something better the next day.
Trading must need to have a commitment and not just by emotions it's all about your knowledge and understanding of how it work, committing a trade must know how to stick to the plan and exit once it makes a gain or loss. Many newbies think having a single trade is a must need to get profitable immediately but that's not all you must think at the end of the day must need gain profit no matter how many trade you've been doing.
But in fact managing emotions is always easy to say but difficult to practice. Even experienced traders often get emotional when market conditions don't go their way, so I don't think we really can erase emotion from trading.
Trade management will of course include emotional management and budget management. You can arrange it in such a way that you can minimize the risk. After all no one can consistently profit from trading, it must be hard even if one could.
Trade management will of course include emotional management and budget management. You can arrange it in such a way that you can minimize the risk. After all no one can consistently profit from trading, it must be hard even if one could.
Trading all the time as a robot is very difficult. By the way, external factors can also interfere, such as a power outage or a sudden argument. These factors can easily throw you off balance, and tomorrow you will have to pay the interest on the loan, so you have to earn something today at all costs. Life doesn't allow you to trade like a robot.
Trading on emotions can lead to a lots of loss. It is better for one to educate himself more about the concept and become more familiar with It than panicking and loosing money.Better to master good trading skills and have a good trading plan to make consistent profits from the markets.
But in fact managing emotions is always easy to say but difficult to practice. Even experienced traders often get emotional when market conditions don't go their way, so I don't think we really can erase emotion from trading.Trade management will of course include emotional management and budget management. You can arrange it in such a way that you can minimize the risk. After all no one can consistently profit from trading, it must be hard even if one could.
Trading on emotions can lead to a lots of loss. It is better for one to educate himself more about the concept and become more familiar with It than panicking and loosing money.Better to master good trading skills and have a good trading plan to make consistent profits from the markets.
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.
Yes, I agree with you that having strong emotions is an obstacle to successful trading in the cryptocurrency market.
You will certainly make inadequate trading decisions. Therefore, it is advisable to trade with complete indifference to the result and fully concentrating on the trading process itself and on your trading strategy. Your goal should not be profit, but gaining new experience and self-development.
This is due to the fact that trading is more like poker than chess. In addition to your skills and abilities, luck is of great importance.
At the same time, it is not enough not to experience strong emotions when trading - you need to track the emotions of the majority of market participants, since this information can become the key to understanding price movements in the market.
Wise words, emotions can really cloud our judgment when it comes to investing. Speaking of investments, have you heard about XGo's new listing for $ARB? The platform seems to be expanding rapidly, and I can't wait to try out their new spot trading feature!
Especially during this time, people make unnecessarily transactions we need to address all our emotions so it cannot be a mistake. Some people in my group gets $ARB I am happy for them even though I did not get any of it I am not eligible too sad. They say that ARB price went to 10$ but those airdropers sell it so fast it is not bad thing selling it for 10 or 1 still it is a free money, but then if we believe in some tokens and we read it very well maybe we should at least be patient enough and save some amount.
Wise words, emotions can really cloud our judgment when it comes to investing. Speaking of investments, have you heard about XGo's new listing for $ARB? The platform seems to be expanding rapidly, and I can't wait to try out their new spot trading feature!
That is really the most common problem with newbies, even myself before. I wanted to learn fast so that I could start earning, which is wrong and takes more time if you are doing it, as you keep coming back to learn things you don't know yet. People always think trading is easy, but when they try it, they quit immediately, as it is difficult, takes time, and over the span of years, you are still learning. Also, emotions are a big part of it, which is why others are also coming up with strategies on how they can control themselves.
Controlling emotion is not an easy thing to do. It sometimes requires a lot of experience to have that ability. So, newbies who think to learn it fast, simply fail to have good control of their emotions. This is very dangerous because they will have a big chance of losing money due to lack ability of controlling emotions. I agree that many newbies think trading is easy, whereas trading is a quite complicated thing to do.our emotions which is something that very normal once you do gain that experience which is via through real engagement and trading it out.It would be understandable on how newbies would really be starting up
on which emotions would be the main factors on why people do make out bad decisions into their investment or trading decisions which it isnt really that a shocking thing.
You would notice it out when you are on a condition which you could already handle things up.
That is really the most common problem with newbies, even myself before. I wanted to learn fast so that I could start earning, which is wrong and takes more time if you are doing it, as you keep coming back to learn things you don't know yet. People always think trading is easy, but when they try it, they quit immediately, as it is difficult, takes time, and over the span of years, you are still learning. Also, emotions are a big part of it, which is why others are also coming up with strategies on how they can control themselves.
Controlling emotion is not an easy thing to do. It sometimes requires a lot of experience to have that ability. So, newbies who think to learn it fast, simply fail to have good control of their emotions. This is very dangerous because they will have a big chance of losing money due to lack ability of controlling emotions. I agree that many newbies think trading is easy, whereas trading is a quite complicated thing to do.
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.
it is normal we can have that emotions we cant stop it but we can can control it if we have a lot of experience the way to control the emotions is to know more about trading and to know more strategy, if you know what is crypto currency and the risk of the high volatility market then trading is very simple to handle but if you are not familiar on it i am sure you cant control your emotion and it will end up loosing. - panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.
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.
Well, it’s more on easily said than done. Because when we are actually in the real market scenario, be it trading or investing, just when you see the market is not doing well, you will eventually feel your emotions become out of control, and the more your emotions become affected, the more chance you lose from your trades. That’s the reason if we can’t control our emotions, it’s best not to deal with a highly volatile market to avoid losses. So I control feelings is the solution and not consider them an enemy.
That is really the most common problem with newbies, even myself before. I wanted to learn fast so that I could start earning, which is wrong and takes more time if you are doing it, as you keep coming back to learn things you don't know yet. People always think trading is easy, but when they try it, they quit immediately, as it is difficult, takes time, and over the span of years, you are still learning. Also, emotions are a big part of it, which is why others are also coming up with strategies on how they can control themselves.
Controlling emotion is not an easy thing to do. It sometimes requires a lot of experience to have that ability. So, newbies who think to learn it fast, simply fail to have good control of their emotions. This is very dangerous because they will have a big chance of losing money due to lack ability of controlling emotions. I agree that many newbies think trading is easy, whereas trading is a quite complicated thing to do.
I call them panic traders. Panic traders are those who want to get rich quickly by coming to new training and are always afraid of bad market conditions. They trade without understanding the market conditions and after a while when the market starts to go down they think that their money will run out. Then they panic. And then they again buy and sell again which keeps them in constant panic. Which is not true. Trading the market definitely requires a lot of patience.
Sometimes don't blame whoever that is into buying and selling or investing in short term, I believe that bitcoin have a fluctuations measure which put fears in the mind of short term investors, sometimes they panic because they capital using to trade is basically borrowed one, so they are inquisitive to make profit at any point in time, and they panic to sell because they are curious to recover the funds lend to start up buying and selling of cryptocurrency and especially bitcoin precisely. 
Emotions plays a vital role in the getting of profit during higher and lower price of certain selected coins. If one wants to be successful in investment strategy then he should always focus to keep hide his emotions because if you are in willing of making money with quick method then it sometimes become impossible for a person to get what he wants. A Successful person is one who knows how to hide his emotions and success rate increases as a person manages his feelings more.
controlling emotions is very important to set the rhythm in our brain. of course we have to understand ourselves first, wanting to make big profits fast is natural in our minds, but we also have to be logical in seeing that success can be achieved gradually, so that in that way we will be able to obey the rules that we have made for ourselves and be able to Discipline to the framework created before the transactionThat is really the most common problem with newbies, even myself before. I wanted to learn fast so that I could start earning, which is wrong and takes more time if you are doing it, as you keep coming back to learn things you don't know yet. People always think trading is easy, but when they try it, they quit immediately, as it is difficult, takes time, and over the span of years, you are still learning. Also, emotions are a big part of it, which is why others are also coming up with strategies on how they can control themselves.
just normally be affecting you whether it would be going up or down or in overall which it is really just right that having that emotional control is crucial.
Emotions plays a vital role in the getting of profit during higher and lower price of certain selected coins. If one wants to be successful in investment strategy then he should always focus to keep hide his emotions because if you are in willing of making money with quick method then it sometimes become impossible for a person to get what he wants. A Successful person is one who knows how to hide his emotions and success rate increases as a person manages his feelings more.
controlling emotions is very important to set the rhythm in our brain. of course we have to understand ourselves first, wanting to make big profits fast is natural in our minds, but we also have to be logical in seeing that success can be achieved gradually, so that in that way we will be able to obey the rules that we have made for ourselves and be able to Discipline to the framework created before the transactionThat is really the most common problem with newbies, even myself before. I wanted to learn fast so that I could start earning, which is wrong and takes more time if you are doing it, as you keep coming back to learn things you don't know yet. People always think trading is easy, but when they try it, they quit immediately, as it is difficult, takes time, and over the span of years, you are still learning. Also, emotions are a big part of it, which is why others are also coming up with strategies on how they can control themselves.
Not trading with emotions in my opinion is indeed an obstacle that must be faced by everyone without exception, whether it's for a beginners or a professional trader too. Even though it sounds easy, it is actually not easy at all to manage our emotions when trading.
Because sometimes we cannot arrange according to our wishes when we are faced with a problem or burden of mind that will affect our emotions when trading. No one can really always control their emotions well, but we can only minimize our emotions.
It is true that over time if we are willing to introspect ourselves, we will be able to learn more and be wiser to optimize our abilities and control our emotions when trading.
But sometimes I think this becomes strange when we advise someone to control themselves and their emotions when carrying out trading activities, but sometimes we ourselves are not always good at managing our emotions when carrying out our trading activities.
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