Notice your emotion - page 5. | Bitcointalksearch.org

stomachgrowls

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Quote from: andriarto on August 28, 2021, 10:01:02 AM

Quote from: rhodelmabanal on August 28, 2021, 07:43:48 AM

Quote from: luca prieto on August 21, 2021, 05:16:31 AM

Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices.
But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens.

Well it is easy to think about holding but if we are on it I don't think we can hold strong specially when we saw the price of the coin that we are holding fall into 90 percent from the price that we purchase it. I think it is better to fucos on controlling emotions and be more temperate and moderatien with regards to the market condition.

At that time of course our hearts will be turbulent, because that is human nature. many who figure it's 50% decline they can't afford to hold it, this is human, we saw when 2018 bitcoin crashed, and a lot of negative news that greatly affected the psychology of many people. the same thing is also experienced if we hold it and the increase has reached 100%, then our hearts will also be turbulent, because the profit is in sight

Part of being a human on having those kind of thoughts and perceptions into things on where we do normally react basing up on what we are currently experience.We are a fan of presuming or assumpting things on whats ahead or we do really expect for it to happen.As a human being then emotions would really turns out to be impulsive basing on the current condition.

You would worry when price is declining and you would feel of regret when you do sell off too early and you have seen the price shoots up even more. No matter what condition it is then it is really just normal
on having those kind of reactions.

Thing here is that you do know on how to handle it out and make back up plans whenever the situation you might be facing on.Be careful on not to drag yourself with rage
which might end up for you to be on that desperation kind of situation.

andriarto

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Quote from: rhodelmabanal on August 28, 2021, 07:43:48 AM

Quote from: luca prieto on August 21, 2021, 05:16:31 AM

Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices.
But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens.

Well it is easy to think about holding but if we are on it I don't think we can hold strong specially when we saw the price of the coin that we are holding fall into 90 percent from the price that we purchase it. I think it is better to fucos on controlling emotions and be more temperate and moderatien with regards to the market condition.

At that time of course our hearts will be turbulent, because that is human nature. many who figure it's 50% decline they can't afford to hold it, this is human, we saw when 2018 bitcoin crashed, and a lot of negative news that greatly affected the psychology of many people. the same thing is also experienced if we hold it and the increase has reached 100%, then our hearts will also be turbulent, because the profit is in sight

rhodelmabanal

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Quote from: luca prieto on August 21, 2021, 05:16:31 AM

Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices.
But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens.

Well it is easy to think about holding but if we are on it I don't think we can hold strong specially when we saw the price of the coin that we are holding fall into 90 percent from the price that we purchase it. I think it is better to fucos on controlling emotions and be more temperate and moderatien with regards to the market condition.

Bay_Harbour_Butcher

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Panic selling has always been something that is within us, the only difference is how big our panic is, but other than that, don't forget about greed, greed and dissatisfied are also very common for investors, when the price of the coin has gone up very high, but they still don't want to sell it because they are still dissatisfied, and finally the market is bearish before they can selling it

michellee

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Quote from: Mahdirakib on August 26, 2021, 01:54:05 PM

Quote from: michellee on August 26, 2021, 11:16:38 AM

That is why before you decide to trade or invest in any investment, you need to make a plan and try to stick with that to minimize the risk that can happen later. When you decide to invest in crypto, especially bitcoin, you can just buy and forget it for a while and not watch or monitor the price every day because that can make you panic and forget your plan. If you can manage your emotion, you will calm down if the price fluctuates or getting down because you will hold your coin tight.

Investors can buy and hold their crypto for a long time. But nowadays it's not possible to forget about the investment for a while. The market is highly volatile now. As example: I'm not afraid of the price fall, I don't have the plan to sell my coins but I visit Coinmarketcap several times in a day to observe the price movement. But day traders become afraid for the price drop. And there is no way to stop their panic. There is no problem to be panicked but we shouldn't sell our coins by being panicked.

I am doing the same as you visiting Coinmarketcap and if I see that the price fall too deep, I consider buying more so I can accumulate more amount. I think day traders can use the same way to buy more if the price is fallen and wait for a while because, in the next hours or days, the price will go up higher and that is their chance to sell the coin at a high price. But the day trader will have their strategy because some of them might still hold and not buying more as some of them do not have much money to do day trading. But if they are panic, that will not make them can see clearly the opportunity.

Ten98

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The role of psychology is very influential in market fluctuations because movement patterns can change unexpectedly so that it affects your decision to hold a coin in the long term, you must control your emotions to stay firm on the decision to hold long term even though the movement is irrelevant due to market corrections.

It's clear, and now it's clearly seen that market conditions have started to improve again although sometimes there is a small correction, but for those who like to hold in the long term, of course there will never be panic about it, because they have thought about it beforehand formerly.

Pamadar

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Quote from: Viscore on August 27, 2021, 10:19:03 AM

Trading demands more focus and good analysis so if you are bothered with your emotions, your trading might only fall into committing losses. As much as possible, before you enter into trading, prepare yourself and stay calm whenever the market suddenly crash along the way. It's a normal scenario but if you tend to panic and resort into selling your coins in a low price, that's the time that you will fall into a huge loss.

Yes, proper knowledge and various experiences might be a big help to make your trading successful but if you can't control your own emotions, it won't still make a positive outcome.

Preparations, even it took you a long time, are better than pushing yourself, risking your investment.

You should have the right knowledge to control your emotions. Having the right strategy in conceptualising all the possibilities while you are working in this business would help you have good decision making.
Right emotions with the right knowledge within the business that you are working with. Success always followed with the right system that you are using while dealing with your investment.

Viscore

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Quote from: Cherylstar86 on August 27, 2021, 07:28:48 AM

Quote from: lienfaye on August 26, 2021, 08:40:15 PM

Its really a must to have plan when investing in crypto. The market is high volatile and the movement of our coins are unpredictable, it can turns up and down overnight, the reason why we should set aside our emotions when making a decision. Because if you do, you can commit a mistake of buying (because of excitement during bullish season) or selling (because of bearish season for having worries).

Thus, know what you're getting into, have concrete plan and strategy to follow in order to prevent committing mistakes based on your emotion on that particular situation.

Indeed. You need to have plans first before entering in cryptocurrency world. Proper knowledge and experiences also is very important in trading since through this, you will be able to learn a lot of things and earn huge profit. When you trade, you must also control your emotions because it will lead to some losses if you will panic especially when there is a pump of price. Stay calm and always believe in yourself. Always remember to manage your losses to avoid losing huge amount of your profit.

Trading demands more focus and good analysis so if you are bothered with your emotions, your trading might only fall into committing losses. As much as possible, before you enter into trading, prepare yourself and stay calm whenever the market suddenly crash along the way. It's a normal scenario but if you tend to panic and resort into selling your coins in a low price, that's the time that you will fall into a huge loss.

Yes, proper knowledge and various experiences might be a big help to make your trading successful but if you can't control your own emotions, it won't still make a positive outcome.

Blitzboy

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Quote from: luca prieto on August 21, 2021, 05:16:31 AM

Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices.
But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens.

Yeah, we can not ignore the psychology role in trading as well as investing, especially in cryptocurrency world where coins can either increase rapidly or decrease significantly. Having a plan will certainly help you to control your funds and your emotions.

Times has an article about cryptocurrency investing tip which I find very useful: Cryptocurrency tips (and mistakes to avoid)

Cherylstar86

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Quote from: lienfaye on August 26, 2021, 08:40:15 PM

Its really a must to have plan when investing in crypto. The market is high volatile and the movement of our coins are unpredictable, it can turns up and down overnight, the reason why we should set aside our emotions when making a decision. Because if you do, you can commit a mistake of buying (because of excitement during bullish season) or selling (because of bearish season for having worries).

Thus, know what you're getting into, have concrete plan and strategy to follow in order to prevent committing mistakes based on your emotion on that particular situation.

Indeed. You need to have plans first before entering in cryptocurrency world. Proper knowledge and experiences also is very important in trading since through this, you will be able to learn a lot of things and earn huge profit. When you trade, you must also control your emotions because it will lead to some losses if you will panic especially when there is a pump of price. Stay calm and always believe in yourself. Always remember to manage your losses to avoid losing huge amount of your profit.

lienfaye

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Its really a must to have plan when investing in crypto. The market is high volatile and the movement of our coins are unpredictable, it can turns up and down overnight, the reason why we should set aside our emotions when making a decision. Because if you do, you can commit a mistake of buying (because of excitement during bullish season) or selling (because of bearish season for having worries).

Thus, know what you're getting into, have concrete plan and strategy to follow in order to prevent committing mistakes based on your emotion on that particular situation.

3la9l_kolbaCa

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Everytime I tried to hold my coins and prevent dumping them, my emotions broke me a lot of times.
That's making me more exhausted once market started to collapse once there's price corrections. In order to overcome those situations, we needed to develop self confidence along with skills having research, analysis and other tools to help us generate a choice which nearly perfect.
Through we can't assure an accurate data, but at least we're trying to overcome several factors that leads us to stress and depression.

Kelvinid

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Quote from: luca prieto on August 21, 2021, 05:16:31 AM

Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices.
But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens.

Maybe it was "emotions do NOT play an important role", I think that was how we picture emotions in crypto. This is really the cause of failure as this could really have a huge influence on our mindset and also on our plan.

Emotions lead us to nowhere, that really this meant and if we have this uncontrollable feeling, I'm doubted if we are able to survive in here knowing that this is the biggest enemy of us. Too sad to think but this was common to everyone and it was a challenge on how to control this and win against our negative emotions.

Wulan_maniez

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That's right, what the OP said. As a trader or investor in crypto, it must be able to stabilize emotions, because the crypto market is very volatile, prices can rise and fall quickly without being predicted. Even if a person's investment value is still loss-making, he or she will have to be patient to wait for his investment to increase. And this usually takes a long time. It could even be years. This is how the market situation and what kind of coins we invest in.

wxa7115

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Quote from: luca prieto on August 21, 2021, 05:16:31 AM

Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices.
But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens.

I completely agree that emotions play a very important role when you are trading or investing, this is why I have always thought that having emotional intelligence is very important when it comes to taking the right financial decisions, and the reason is very simple, the market presents very adverse conditions and most of the time the decision that your emotions want you to take is the wrong decision and you need to be able to overcome those emotions and still do the right thing.

And unfortunately this is not easy to do because as we know people have the tendency to be very emotional especially when it comes to their money, which is why very few people can succeed as traders or investors.

irixo10

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I think to be a successful trader, the person needs to try as much as possible to put his emotions in check, although everyone in the crypto space needs to do so, but a traders needs it more than an investor, because a crypto trader trades everyday while an investor can invest and leave it for long term. Also, whether the person is both a trader and an investor, managing emotions needs to be taken with serious concerns else mistakes might be the order of the day, and while an investor can easily manage the mistake a trader will find that hard to do, because most mistakes made in trading leads to loss of funds or trapping of funds because the intention was to trade and not to hold, hence being a bagholder.

Rampagoe004

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In making an investment of course some of us feel doubtful and panic because the movement of the coin we hold is always at a price that we do not want, then we sell it when we are at a loss then this we need to change and must be sure in every coin we hold, if it has not reached the profit we have set then we must keep the coins we hold, And never hesitate because every potential coin must get a big profit.

Mahdirakib

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Quote from: michellee on August 26, 2021, 11:16:38 AM

That is why before you decide to trade or invest in any investment, you need to make a plan and try to stick with that to minimize the risk that can happen later. When you decide to invest in crypto, especially bitcoin, you can just buy and forget it for a while and not watch or monitor the price every day because that can make you panic and forget your plan. If you can manage your emotion, you will calm down if the price fluctuates or getting down because you will hold your coin tight.

Investors can buy and hold their crypto for a long time. But nowadays it's not possible to forget about the investment for a while. The market is highly volatile now. As example: I'm not afraid of the price fall, I don't have the plan to sell my coins but I visit Coinmarketcap several times in a day to observe the price movement. But day traders become afraid for the price drop. And there is no way to stop their panic. There is no problem to be panicked but we shouldn't sell our coins by being panicked.

Ronzybloch

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Quote from: luca prieto on August 21, 2021, 05:16:31 AM

Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices.
But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens.

In this market situations i will say stay away from the market and see what is happening ? Stragety is important in trading , don't be fear and don't lose your emotion while trading , trading is a skill first learn it how to trade ? Don't be lose and don't be greed .

sarmrakib

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Quote from: luca prieto on August 21, 2021, 05:16:31 AM

Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices.
But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens.

Holding token is not always proiftiable if you fail to enter on the right time on the market .I think we just need to invest on the top coin where holding can help us to get profit .If you choose the most new project to hold it will always test your emotion even can scam .So that we always need to choose the right coin first then hold our nerve for long time hopefully we will get profit fore sure .

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