Never Trade on Emotions - page 9. | Bitcointalksearch.org

Cling18

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Quote from: AicecreaME on March 09, 2023, 08:37:58 AM

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

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 is not about emotion, this is plain stupidity and naiveness. If you knew that you're a newbie, I wouldn't even buy Bitcoin or Altcoin if I didn't know what's going on with the market. If you're gonna say that we can't blame them since they are just newbies, no, it is their responsibility to study cryptocurrency first before buying anything. Instead of earning money, they are just wasting their money on their own mistakes.

Most of us have committed this kind of decision before. We've all become newbies and gone through trials and errors since we can't invest and trade perfectly. It's just that we have learned through our experience. In case we made that move, there's still nothing to fear as long as we are holding a potential coin. Just focus on the long-term hold and wait for the perfect time to sell again. As we wait for the profitable time to sell we should also learn how to market moves so we can deal with it.

AicecreaME

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

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 is not about emotion, this is plain stupidity and naiveness. If you knew that you're a newbie, I wouldn't even buy Bitcoin or Altcoin if I didn't know what's going on with the market. If you're gonna say that we can't blame them since they are just newbies, no, it is their responsibility to study cryptocurrency first before buying anything. Instead of earning money, they are just wasting their money with their own mistakes.

Finestream

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Quote from: GreatArkansas on March 05, 2023, 03:42:53 AM

Allowing emotions to guide decisions can be risky and result in unfavorable outcomes. Since cryptocurrency markets are highly unstable and susceptible to unexpected price changes, emotions such as fear and greed can influence judgment and lead to unwise choices.
The best example is the more you chase you're lose, the more lose you generate.

Emotions could clearly destruct our decision making that is why if we are in trading, then we should learn to control our emotions or much better we should separate our emotions when trading. This is the reason why most traders do not succeed in trading, simply because they can’t handle their emotions and instead continue to trade and end up losing. The worst thing is if they keep on chasing their losses, they will continue to endure bigger losses until they used up all their money in trading.

Yamifoud

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Quote from: Cryptmuster on March 09, 2023, 03:19:18 AM

Quote from: GiftedMAN on March 08, 2023, 02:52:21 PM

Traders that has the problem of emotional fear when trading need to work on there emotion before entering into the market. Trading is a difficult task we need to get better skill on before we plan of entering into the market. The market is very competitive so we need to get enough skills so we can compete and make money from the market. Fear of executing trades we have analysed is what cam make us to grow more fear and lose more funds in the market. As a trader we must be confidence about the trade we are taking after analysimg the market and seeing opportunities that would earn us good amount of money.

I have determined for myself that trading does not like haste, if you are in doubt whether to enter a trade, then just skip it. I only buy on drawdowns, the cryptocurrency market is very responsive to negative news, and this happens quite often. It is not worth buying when the market is doing well, wait for some negative and buy on a fall, this is what works well for me.

Things can be changed when got influenced by our emotions and the most thing that happens is that we lost sight of following our plan.
Yes, if we can feel that trading never suits us, we better leave but too unfortunate that some people will push themselves to do this even though it was clear that they are not performing well and continuously losing. In this case, we'd rather make our decision to just become a holder, not a trader anymore.

armanda90

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Not only about emotion but greedy could be problem in Bitcoin or cryptocurrency trading, I don't think worth when some people trading with emotion exactly when on losing position. Many trader loss patience when position on floating and can't controlling their emotion how to get panic and selling on lower price.

Impact with future trading when losing their emotion try to re open new position after getting liquid, be calm when trading whatever profit or loss position and keep controlling the emotion if want to earn and keep profitable.

Cryptmuster

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Quote from: GiftedMAN on March 08, 2023, 02:52:21 PM

Traders that has the problem of emotional fear when trading need to work on there emotion before entering into the market. Trading is a difficult task we need to get better skill on before we plan of entering into the market. The market is very competitive so we need to get enough skills so we can compete and make money from the market. Fear of executing trades we have analysed is what cam make us to grow more fear and lose more funds in the market. As a trader we must be confidence about the trade we are taking after analysimg the market and seeing opportunities that would earn us good amount of money.

I have determined for myself that trading does not like haste, if you are in doubt whether to enter a trade, then just skip it. I only buy on drawdowns, the cryptocurrency market is very responsive to negative news, and this happens quite often. It is not worth buying when the market is doing well, wait for some negative and buy on a fall, this is what works well for me.

Bitcoin_people

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I think tranding should never be about emotion. because it turns out you made a profit by tranding with some money in the first place and rejoiced. and later you invest more money without realizing it. Then when you lose your money you will be very broke. So before you start trading, analyze the market well and get a good idea. You will face huge losses if you trade without understanding. So gain knowledge about the market and later you trade.

GiftedMAN

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The issue of emotions in trading is one of the most important. It is extremely important to pay enough attention to this if a trader wants to get a positive result at the end of the work.

Traders that has the problem of emotional fear when trading need to work on there emotion before entering into the market. Trading is a difficult task we need to get better skill on before we plan of entering into the market. The market is very competitive so we need to get enough skills so we can compete and make money from the market. Fear of executing trades we have analysed is what cam make us to grow more fear and lose more funds in the market. As a trader we must be confidence about the trade we are taking after analysimg the market and seeing opportunities that would earn us good amount of money.

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Quote

when you lose, feelings of anger and remorse are born, so all feelings are interconnected and begin with greed, which arises due to the absence of a goal and a plan.

Both profit and loss are interrelated in the market.There is no trade or investment in the world where there is profit and no loss.A person who becomes emotional or emotional in the face of loss cannot do business and does not have a business mind.While entry is very important in trading, exit timing is also very important which is often overlooked by traders.And often traders go into losses instead of profits and from here they get emotional, But there is no room for emotions in trading. not controlling emotions can be detrimental to a trader as the market always continues to fluctuate and will continue to do so.

Quote

Long-term trading or maybe it can be called Holding is the most recommended because it will provide more profits and not be too mentally taxing, just buy and hold.

But in long-term trading you may also have problems because first you will need a lot of research where you will make your investment. Because luna and ftx are in front of everyone because of which people have suffered so much. Now people's confidence in long-term crypto is decreasing.The advantage of day trading in bear market is to make money in the market and get out and save yourself from further tension in case of any crash.

stomachgrowls

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Quote from: Silberman on March 07, 2023, 12:26:53 PM

Quote from: fuguebtc on March 07, 2023, 07:25:52 AM

Quote from: AakZaki on March 06, 2023, 06:08:50 PM

Quote from: JooBra on March 06, 2023, 10:40:50 AM

It is easy if you do that with your money and you buy and sell with long period of time, but there you have very little profit margin. "Real" Trading is when you go on leverage and try to catch good moment. There you then have bigger risk more on stake and emotion become big factor. I think very low percent of people know to handle emotions in such situations.

Long-term trading or maybe it can be called Holding is the most recommended because it will provide more profits and not be too mentally taxing, just buy and hold. The amount of long-term investment also needs to be increased, the more capital issued, the more long-term profits will be.
And to use good leverage, it must be adjusted to the capital and ability to do analysis. Never use high leverage if you are still a beginner and only guess without understanding technical analysis, that will be very dangerous. When high leverage is used, the liquidation period will cast a strong shadow, it will increase anxiety and panic. It's better to trade well, trading on the spot is safer and more relaxed.

Even experienced traders have no guarantee that they will be profitable when trading with high leverage. According to me, high leverage trading is no different than we are gambling with our own money. For crypto investment, I think long term holding is better, people can still trade but use spot trading instead of leverage. Since the cryptocurrency market is tough to analyze and make predictions, sometimes all the indicators are correct, but just one piece of news can cause it to change direction suddenly.

Right, the volatility of the market is high enough to allow for spot traders to make impressive profits without the use of leverage, if you add leverage on top of that then it comes to a point in which you are no longer trading but gambling, and I have nothing against gamblers but gambling should be done only at casinos, when it comes to the markets trading should be your only option and unfortunately most of those that think of themselves as traders are just gambling at the markets.

If you do know how to scalp then you could really anytime make money out of these movements neither you would really be dealing up with Bitcoin itself or would be focusing on altcoins which is more really that volatile
but in overall on which majority would be sticking on something established or mainly supported by the community which is bitcoin.It is also that understandable that you should really neve ever consider on making yourself been trading with emotions on which it is really that a huge factor on which it would be mainly be affecting up those projected plans earlier or goals or targets that you had made.
This is why emotional control is really that very crucial when you are dealing up with this market.

Silberman

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Quote from: fuguebtc on March 07, 2023, 07:25:52 AM

Quote from: AakZaki on March 06, 2023, 06:08:50 PM

Quote from: JooBra on March 06, 2023, 10:40:50 AM

It is easy if you do that with your money and you buy and sell with long period of time, but there you have very little profit margin. "Real" Trading is when you go on leverage and try to catch good moment. There you then have bigger risk more on stake and emotion become big factor. I think very low percent of people know to handle emotions in such situations.

Long-term trading or maybe it can be called Holding is the most recommended because it will provide more profits and not be too mentally taxing, just buy and hold. The amount of long-term investment also needs to be increased, the more capital issued, the more long-term profits will be.
And to use good leverage, it must be adjusted to the capital and ability to do analysis. Never use high leverage if you are still a beginner and only guess without understanding technical analysis, that will be very dangerous. When high leverage is used, the liquidation period will cast a strong shadow, it will increase anxiety and panic. It's better to trade well, trading on the spot is safer and more relaxed.

Even experienced traders have no guarantee that they will be profitable when trading with high leverage. According to me, high leverage trading is no different than we are gambling with our own money. For crypto investment, I think long term holding is better, people can still trade but use spot trading instead of leverage. Since the cryptocurrency market is tough to analyze and make predictions, sometimes all the indicators are correct, but just one piece of news can cause it to change direction suddenly.

Right, the volatility of the market is high enough to allow for spot traders to make impressive profits without the use of leverage, if you add leverage on top of that then it comes to a point in which you are no longer trading but gambling, and I have nothing against gamblers but gambling should be done only at casinos, when it comes to the markets trading should be your only option and unfortunately most of those that think of themselves as traders are just gambling at the markets.

fuguebtc

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Quote from: AakZaki on March 06, 2023, 06:08:50 PM

Quote from: JooBra on March 06, 2023, 10:40:50 AM

It is easy if you do that with your money and you buy and sell with long period of time, but there you have very little profit margin. "Real" Trading is when you go on leverage and try to catch good moment. There you then have bigger risk more on stake and emotion become big factor. I think very low percent of people know to handle emotions in such situations.

Long-term trading or maybe it can be called Holding is the most recommended because it will provide more profits and not be too mentally taxing, just buy and hold. The amount of long-term investment also needs to be increased, the more capital issued, the more long-term profits will be.
And to use good leverage, it must be adjusted to the capital and ability to do analysis. Never use high leverage if you are still a beginner and only guess without understanding technical analysis, that will be very dangerous. When high leverage is used, the liquidation period will cast a strong shadow, it will increase anxiety and panic. It's better to trade well, trading on the spot is safer and more relaxed.

Even experienced traders have no guarantee that they will be profitable when trading with high leverage. According to me, high leverage trading is no different than we are gambling with our own money. For crypto investment, I think long term holding is better, people can still trade but use spot trading instead of leverage. Since the cryptocurrency market is tough to analyze and make predictions, sometimes all the indicators are correct, but just one piece of news can cause it to change direction suddenly.

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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.

The fact is that you need to develop a strategy and stick to it. And you need to do this when you are absolutely balanced and calm. Then, when you start trading on it, your emotions will affect you, but everything will already be described in the developed plan. And let the actions in it seem strange at the present moment, but you need to adhere to it strictly. This is very hard work, and many will abandon the developed plan. And this is why many lose in the market, you need to believe in yourself and your strategy.

Litzki1990

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Not just trading I think it's not good to do anything with passion because whatever you do with passion you're going to make mistakes. Emotions have no place especially in trading. Because there is something called financial risk. There are traders who take trades in different coins depending on luck only. As a result of which they later face a lot of losses. Therefore, before risking your money, you must trade carefully.

worle1bm

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The issue of emotions in trading is one of the most important. It is extremely important to pay enough attention to this if a trader wants to get a positive result at the end of the work.

It's not just easy to have emotional control while you are trading but we must overcome it so that we trade with open mind as when we trade emotionally chances are that we make wrong move.If you ask experienced trader how they do it they will simply say it that everything comes with time and market experience but still when we face loss it's hard to hide our feelings but trading is something we should do with our mind and research.

Pejoh Asu

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Quote from: ?? on ??

The issue of emotions in trading is one of the most important. It is extremely important to pay enough attention to this if a trader wants to get a positive result at the end of the work.

To be able to control our emotions we must have clear targets, if we don't have clear targets it will be easy to panic and immediately sell assets because we are tempted to sell because of profits or conversely panic when we see prices dropping, I have practiced this technique several times and it has proven effective to be profitable in trading.

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If entering the markets will be based on you to first see some green candles or anything in those lines,am sorry you aren't ready for the markets and this will hurt you in the long term.

You best option to give yourself a winning chance and an edge over the markets is build a solid trading strategy this will help eliminate any emotions that get you to doubt your positions and will also allow you to apply good risk management to protect your capital.

Ultimately we also need to agree that we can't win all trades no matter how good of a strategy we have, let's accept losses to be part of the trading game!!

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Quote from: JooBra on March 06, 2023, 10:40:50 AM

It is easy if you do that with your money and you buy and sell with long period of time, but there you have very little profit margin. "Real" Trading is when you go on leverage and try to catch good moment. There you then have bigger risk more on stake and emotion become big factor. I think very low percent of people know to handle emotions in such situations.

Long-term trading or maybe it can be called Holding is the most recommended because it will provide more profits and not be too mentally taxing, just buy and hold. The amount of long-term investment also needs to be increased, the more capital issued, the more long-term profits will be.
And to use good leverage, it must be adjusted to the capital and ability to do analysis. Never use high leverage if you are still a beginner and only guess without understanding technical analysis, that will be very dangerous. When high leverage is used, the liquidation period will cast a strong shadow, it will increase anxiety and panic. It's better to trade well, trading on the spot is safer and more relaxed.

dunfida

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Quote from: ?? on ??

The issue of emotions in trading is one of the most important. It is extremely important to pay enough attention to this if a trader wants to get a positive result at the end of the work.

Even if you do have that emotion control but still it wont really be giving out assurance that you would really be ending up on having that positive result.It wont really give out that sureness on doing so but somehow
having that good emotional control does really have that advantage because you would really be able to control up yourself whatever situations or conditions it would be.

When we are just starting then we are really that prone on being that impulsive because we are just new specially dealing with unpredictable market.There's no way that we could tell on where
it would be going.It is really that common that you would really be that kind of reaction but as you do go forward and on the time you do engage then you would
find yourself get enhance on emotional aspect.

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The key to trading is proper strategies like maintaining the DCA etc. And the main reason behind the damage of this strategy is that trader's emotions. Especially when he can't control his mind, such as when he gets a touch of light pumping and sells the fund before he takes the strategy, but then sees that the market has gone higher. So I think trading based on emotions should never be done, sometimes it leads to huge losses. I have seen many people who invested in different memecoins based on emotions and ended up with huge losses.

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