OH YEAH FRUSTATED TRADERS. - page 3.

TheGreatPython

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Quote from: darewaller on April 29, 2021, 02:45:49 PM

We need to accept losses and at the same time we should not be greedy so that we can stick within our trading plan which is the first rule of controlling emotions in trading. When we are good at the emotion control then we can easily avoid frustrations in trading.

Yeah traders are becoming frustrated when they keep worrying on unexpected results. So, I agree we must need to accept all the results of trading which can be profits sometimes and losses in different occasions. But, traders must need to treat both of them as same thing. It may not be possible for all the traders from the beginning but over the times of practicing, I guess it will become possible.

Avoiding frustration needs lots of practices but unlike demo trading, people do not need to go for any specialized training for this. Just remembering basic rules of emotion control will help anyone to avoid frustration.

Fredomago

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Quote from: darewaller on April 29, 2021, 02:45:49 PM

I agree that trading is consisting of different aspects but most traders are only focusing on technical part and just leaving off the psychological part of trading.

They are basing calls with the possibilities according to how they understand the technical part of it, they are not minding the sentiments
but more on the potentials.

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When it is coming about emotional control while trading, most traders are getting failed and then finding trading as a complete set of frustration.

Better not to use this as aggressions are very prone on losing your investment, control as much as possible and never go behind what you can afford to spare.

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We need to accept losses and at the same time we should not be greedy so that we can stick within our trading plan which is the first rule of controlling emotions in trading.

Correct, learn to appreciate and never to exceed with your limitations. mos of the time it leads us to lose more than to earn decently.

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When we are good at the emotion control then we can easily avoid frustrations in trading.

Precisely! you can simply move without any doubts and frustrations, smooth sailing.

dunfida

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Quote from: darewaller on April 29, 2021, 02:45:49 PM

Quote from: taufik123 on April 29, 2021, 12:19:44 PM

Trading is not only technical training, but also psychology training to be ready to face any risks that are experienced when trading.

I agree that trading is consisting of different aspects but most traders are only focusing on technical part and just leaving off the psychological part of trading. When it is coming about emotional control while trading, most traders are getting failed and then finding trading as a complete set of frustration. We need to accept losses and at the same time we should not be greedy so that we can stick within our trading plan which is the first rule of controlling emotions in trading. When we are good at the emotion control then we can easily avoid frustrations in trading.

1. Emotion handling
2. Proper Risk management
3. Finance handling
4. Technical and Fundamentals consideration

These are the factors needed for you to control.It might be easy but its not when you are
already on the actual situation.

darewaller

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Quote from: taufik123 on April 29, 2021, 12:19:44 PM

Trading is not only technical training, but also psychology training to be ready to face any risks that are experienced when trading.

I agree that trading is consisting of different aspects but most traders are only focusing on technical part and just leaving off the psychological part of trading. When it is coming about emotional control while trading, most traders are getting failed and then finding trading as a complete set of frustration. We need to accept losses and at the same time we should not be greedy so that we can stick within our trading plan which is the first rule of controlling emotions in trading. When we are good at the emotion control then we can easily avoid frustrations in trading.

taufik123

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Quote from: doomloop on April 29, 2021, 09:54:45 AM

-snip-
Avoiding frustration is very must thing in trading because only when we are feeling with fresh mindset we can focus on next trade which will be more important to recover losses. Usually feeling frustrated again lead to another loss.

Frustration because trading cannot be left too long. It takes motivation and a little refreshing to get rid of frustration due to bad trading conditions. If you continue to push, you will make other losses as you have said. This other loss actually makes your assets run out. a calm and focused mind is indispensable. Trading is not only technical training, but also psychology training to be ready to face any risks that are experienced when trading.

The more often you trade, the more you know where the restrictions you shouldn't break. All must follow the strategies that have been made previously. it will save you from frustration.

doomloop

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Quote from: Sled on April 29, 2021, 09:22:17 AM

We made decisions that we think is right but unfortunately, it was wrong. And this implies that not all the time we are in a good situation, and to stop this behavior is a big challenge since we are human beings.

I guess that's kind of easy-going will be possible only after we are having significant experience in crypto trading. I'm not seeing new traders are accepting losses easily and moving forward but they are all getting frustrated more intensively due to losses. Yes, I agree with you, changing this kind of behavior is not easy for anyone but over the practice I guess everything will come into as a habit.

Avoiding frustration is very must thing in trading because only when we are feeling with fresh mindset we can focus on next trade which will be more important to recover losses. Usually feeling frustrated again lead to another loss.

dotcoin.info

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Quote from: tvplus006 on April 29, 2021, 05:37:31 AM

Quote from: bittraffic on April 24, 2021, 03:03:42 AM

This is because of the seasons we have been experiencing in crypto that we begin to think of buying before the bear market comes. And then we are not able to identify exactly when the bear market will start and that's when the real problem starts as well. Because when you suddenly dump thinking the bear market had come already but you suddenly see the price went up after dumping. A big loss once again.

Now we are in a bull market and, accordingly, all coins in the future should increase in price. If you are not sure that you can sell at the maximum and buy at the minimum, then you just need to hold your coins until they reach the price at which you want to sell them, otherwise you will lose them.

Very concise and understandable wording. I totally agree. You either set goals for yourself and sell according to them, no matter what happens next, even if your plans change dramatically.
Either you keep your finger on the pulse of the market and learn how to determine the peak of the coin and further pullback.

Ararbermas

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Quote from: doctor877 on April 17, 2021, 03:27:05 PM

one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.

definitely, but you should know when to apply it or let say you know how to buy and low in the right time.. Because being trader is not the way you think wherein you can place your money everywhere in the graph and you can make profits quickly . Nope its a big mistake.. I suggest to take some time to educate your self or practice your skills first before entering into trading.. And also learn how to find the "support and resistance of coin" as its the basic and the most important when it come trading..

Sled

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Quote from: fancy2973 on April 29, 2021, 07:02:13 AM

Frustration is a feeling that you need to take control over by practicing a stability of your mind. There are so many reasons why you could be frustrated. The project doesn'T develop quickly enough, prices decrease or stagnate, the need to cash out for liquidity reasons, trying to recoup losses by throwing good money after bad money and so on and so forth.

In addition to that,
Wrong choice of project, expectations, and also, lack of patience. People had suffered these (natural) feelings will never have a good decision and mostly they often commit mistakes.

Frustration, self-blaming, it is not a thing we supposed to do because, in the first, it is our fault. We made decisions that we think is right but unfortunately, it was wrong. And this implies that not all the time we are in a good situation, and to stop this behavior is a big challenge since we are human beings.

randegibran

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Quote from: justdimin on April 29, 2021, 08:08:46 AM

Quote from: tvplus006 on April 29, 2021, 05:37:31 AM

If you are not sure that you can sell at the maximum and buy at the minimum, then you just need to hold your coins until they reach the price at which you want to sell them, otherwise you will lose them.

But for most of the people, it will be too difficult to identify what is the maximum and where is the minimum. If they are trying to do so, that is usually ending up in big frustrations because they are usually in hurry to identify such levels hence ending up in misplacing orders which usually leads to infinite waiting or losses.

When we are not sure about what to do then we can simply continue holding so that we can get maximum profits out of no efforts. This will definitely help traders to avoid frustrations.

Better holding because can get more profit and see how much news giving and update on twitter or telegram channel with your coin holding, I think big chance if holding more than one or two years because many coin growing up more than 300% and you can get maximum profit with your coins.

justdimin

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Quote from: tvplus006 on April 29, 2021, 05:37:31 AM

If you are not sure that you can sell at the maximum and buy at the minimum, then you just need to hold your coins until they reach the price at which you want to sell them, otherwise you will lose them.

But for most of the people, it will be too difficult to identify what is the maximum and where is the minimum. If they are trying to do so, that is usually ending up in big frustrations because they are usually in hurry to identify such levels hence ending up in misplacing orders which usually leads to infinite waiting or losses.

When we are not sure about what to do then we can simply continue holding so that we can get maximum profits out of no efforts. This will definitely help traders to avoid frustrations.

fancy2973

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Frustration is a feeling that you need to take control over by practicing a stability of your mind. There are so many reasons why you could be frustrated. The project doesn'T develop quickly enough, prices decrease or stagnate, the need to cash out for liquidity reasons, trying to recoup losses by throwing good money after bad money and so on and so forth.

wahyu wida

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Quote from: tvplus006 on April 29, 2021, 05:37:31 AM

Quote from: bittraffic on April 24, 2021, 03:03:42 AM

This is because of the seasons we have been experiencing in crypto that we begin to think of buying before the bear market comes. And then we are not able to identify exactly when the bear market will start and that's when the real problem starts as well. Because when you suddenly dump thinking the bear market had come already but you suddenly see the price went up after dumping. A big loss once again.

Now we are in a bull market and, accordingly, all coins in the future should increase in price. If you are not sure that you can sell at the maximum and buy at the minimum, then you just need to hold your coins until they reach the price at which you want to sell them, otherwise you will lose them.

I will just add, where your statement is correct, but what must be considered apart from that is that we have to invest in the right coins so that our waiting will not be in vain later. we see that the crypto market is very volatile, and if we take the wrong steps, it could be that our coins will become ashes. indeed we are most secure investing in major coins

tvplus006

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Quote from: bittraffic on April 24, 2021, 03:03:42 AM

This is because of the seasons we have been experiencing in crypto that we begin to think of buying before the bear market comes. And then we are not able to identify exactly when the bear market will start and that's when the real problem starts as well. Because when you suddenly dump thinking the bear market had come already but you suddenly see the price went up after dumping. A big loss once again.

Now we are in a bull market and, accordingly, all coins in the future should increase in price. If you are not sure that you can sell at the maximum and buy at the minimum, then you just need to hold your coins until they reach the price at which you want to sell them, otherwise you will lose them.

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Quote from: Pokapoka124 on April 26, 2021, 09:57:43 AM

Nobody is an expert at trading. Even though we like to share our winnings more than our losses. There are good times and then they are bad days. How you deal wit :'(h the bad days is what matters. Trading is like the game of chess. You need to have a strategy you're confident will work for you. And also have alternatives in case things don't work as planned you're not left in the wind. Failure to do so can be catastrophic

The saying nobody is an expert itself is wrong, there is an expert and there's a trading noob. The trading noobs are those who easily get fomo'd by people thinking he gonna miss the opportunity meanwhile the coin he's about to buy already high enough it doesn't make sense to buy but still buying anyway. The expert needless to say always gather information, make decision based on that + analyzation and not easily get fomo'd just because some stranger say that coin is good or this coin is good. The expert's financial decision also entirely made from his own judgement aswell and not just following what other people saying. As a proof you can see why there's succesfull traders who's portfolio is so good they always score huge profits.

Alisha-k

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The market remains open to everyone and there is no such thing as a wrong time to invest or been late to investments. When ever an individual gets knowledgeable to join the crypto space and decides to take advantage of the inventory that's his own perfect time and he / she also gets his RIO when due

Kong Hey Pakboy

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Quote from: Distinctin on April 28, 2021, 06:12:54 PM

Emotions are hard to control in reality, some say it could but that was just a hearsay's, nobody could even tell himself that I'll be consistent in doing this.

Frustrations are just the result of our bad actions. We keep blaming ourselves (or someone) because of the mistakes but I don't think this is a good idea. Instead of blaming ourselves, why not make this a reason to educate ourselves and be cautious for the next decisions. If we wanted to improve, then we also to accept that sometimes we lose.

We are an emotional species, that's why it is bard to control and our progress as a civilization is slow. To me, FOMO is mitigated if you don't talk a lot about a certain cryptocurrency to invest in, just get in and buy and hodl and that's it. The problem with blaming ourselves is a lot don't see it as a learning curve.

Distinctin

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Emotions are hard to control in reality, some say it could but that was just a hearsay's, nobody could even tell himself that I'll be consistent in doing this.

Frustrations are just the result of our bad actions. We keep blaming ourselves (or someone) because of the mistakes but I don't think this is a good idea. Instead of blaming ourselves, why not make this a reason to educate ourselves and be cautious for the next decisions. If we wanted to improve, then we also to accept that sometimes we lose.

randegibran

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Lest move with shit coin listed on pancake to trade now, you can get more than 100x but if you lucky and have best time for entrying, how ever bigger risk waiting for there because my friend with small fund only $10 can earn more than 1 bnb for profit. but many time I try my fund gone because coin can't sell again.

FanEagle

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Quote from: randegibran on April 27, 2021, 12:36:56 PM

The best thing for me sell after raise profit without any planning with coin up or down, but when have correction time I can buy back again.

You sound like you are continuously trading but most people here are making use of altcoins for one time trading and to get profits. But within that one time of trading, they might be hesitating to catch a right selling prices because of greedy they keep waiting for some more time but market may come down and then they need to wait for infinitely. At the same time some people go for selling straightaway when they see some profits for their holding but later on they start regretting for their quick selling when market keeps going up (this is what exact situation of most dogecoin holders right now).

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