OH YEAH FRUSTATED TRADERS. - page 4.

randegibran

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Quote from: Alert31 on April 27, 2021, 10:23:08 AM

Quote from: randegibran on April 26, 2021, 09:42:11 AM

I faced frustrated after my altcoin selling price suddenly pump and happen just now, I sell ONE or harmony coin but few minutes after my selling filled price pump, but its better because I have waiting longer time for selling this coin. I hold more than few days and price ever dump extremely when bitcoin price dump.

That's normal scenario in trading but you should hold your emotions. Even me, already experienced that, but I just told to myself that don't be greedy as long as I take profit, that's enough. If you trade, just think positive always, if the value of your coins in trading dump, it will surely pump again but it depends on what coin you have traded.

Just how to control emotion when start selling or buying coin, many trader looks faster for selling coin but many of them looks late for take profit, they think coin keep growing up until hold and coin dump. 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.

Alert31

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Quote from: randegibran on April 26, 2021, 09:42:11 AM

I faced frustrated after my altcoin selling price suddenly pump and happen just now, I sell ONE or harmony coin but few minutes after my selling filled price pump, but its better because I have waiting longer time for selling this coin. I hold more than few days and price ever dump extremely when bitcoin price dump.

That's normal scenario in trading but you should hold your emotions. Even me, already experienced that, but I just told to myself that don't be greedy as long as I take profit, that's enough. If you trade, just think positive always, if the value of your coins in trading dump, it will surely pump again but it depends on what coin you have traded.

SacriFries11

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Quote from: randegibran on April 26, 2021, 09:42:11 AM

I faced frustrated after my altcoin selling price suddenly pump and happen just now, I sell ONE or harmony coin but few minutes after my selling filled price pump, but its better because I have waiting longer time for selling this coin. I hold more than few days and price ever dump extremely when bitcoin price dump.

I've been in that situation when I sell my token then the price goes up but I just move on and realised that profit is profit I should not be greedy. I just proceed to another trade.
I think you can sell some of the portion of the token you own just to know that you have already gained profit about and then you can buy again if the price goes down. I also believe that FOMO is one of the time that traders need to control, most of the traders especially newbies are doing in and it ended up losing their money. Traders should take it seriously and if they ride when the market is bullish they also need to realise the consequence of their action.

Scripture

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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

How you handle yourself can be a good key for you to succeed in trading, every traders losses their money because there's no way for you to totally beat the market. FOMO is not good, you can lose money if you do get hyped by anyone and if you see the uptrend because of FOMO. Losing money in trading is fine, as long as you lose based on your analysis because I know, you'll rise again after that don't just trade because its trending today, trade like you'll conquer the market, do your best.

tygeade

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Quote from: randegibran on April 26, 2021, 09:42:11 AM

I faced frustrated after my altcoin selling price suddenly pump and happen just now

It happens; we cannot do anything about that. It would be too hard for professional traders to catch the exact market turning prices. What we need to do here is, we must calculate our profit level from our buying price and we do not bother whatever things happening in market after our exit. If you start watching market even after your sell, then you cannot focus on other trades which will lead to double losses (considering you are missing your future profitable tread as well).

Quote from: Yatsan on April 26, 2021, 06:38:16 PM

Keep your composure to make good decisions and strategies that will suit your needs.

Yeah, we should not let our focus disturbed by other external things. Only when we are not bothering or not listening to noises, this will be possible. I referred FUDs and other unwanted things as noises.

Yatsan

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We all do have our time where we will get our success. If you are not still there, do not get pressured of what other people have already attained because time will come that you will tag along with them once you get into your success. Do not let other people to dictate you on what you supposed to do because you must be the one to decide on your own considering not to let your emotions drive the way you decide for there is a potential that you might just mess up once you do mix emotions into trading as well as into investment. Keep your composure to make good decisions and strategies that will suit your needs.

Julien_Olynpic

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Topikstarter correctly noted one of the main reasons for FOMO - neglect of investing in crypto projects at an early stage. But many people in the crypto market are simply not investors. They are not even traders, but simply gambling addicts. For them, the most important thing is play, strong emotions and thrills. These are adrenaline addicts. As a bonus to their passion, there is an occasional profit, sometimes very large. But most often FOMO is accompanied by losses due to an unsuccessful entry point and not knowing how to exit a position in time.

Pokapoka124

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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

Mauser

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

FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. 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.

I agree, being involved at the early stages of a coin can make a huge difference in profits. Jumping on the train after others already bought in just means we are following the herd. I would compare the beginning of a crypto coin to a stock IPO. In most cases the stock prices jumps upwards after the IPO because more investors want to invest. This is similar with new promising crypto coins.

Iceblast

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

FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. 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.

Sometimes someone follows in the middle of investing because they have to take time for them to believe that the investment chosen is correct and matches their criteria. so it requires analysis for investment so as not to get stuck on FOMO

randegibran

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I faced frustrated after my altcoin selling price suddenly pump and happen just now, I sell ONE or harmony coin but few minutes after my selling filled price pump, but its better because I have waiting longer time for selling this coin. I hold more than few days and price ever dump extremely when bitcoin price dump.

taufik123

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Quote from: Furious 7 on April 23, 2021, 02:00:46 PM

For now many are stuck due to the big dump that happened to BTC and following other things with altcoins, by buying above because of their ignorance maybe this is the cause of getting stuck and they will panic seeing this because it might be FOMO too.
You can say that ELON is the cause if we are dependent on it, this is a little difficult when trapped and it must be learned that FOMO can keep us trapped for a long time and like now no one knows when to recover because of a large enough drop but like it. the correction will take a little longer to reach the highs again.

Their ignorance leads them into the FOMO trap they don't want. even when the price starts to fall and continues to fall they panic too much and choose to sell even though they have to suffer a loss.

some people love FOMO when they already know what they are doing. FOMO has both big advantages and disadvantages.

To reach a higher price, it will indeed take a long time. Because after the FOMO occurs, it will experience a downtrend and last a long time. All you need to do is be patient enough until the price returns to normal or buy again with the spare money you have.

blckhawk

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

FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. 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.

Well to be honest it is easier to say than to be done because usually when a person especially those who have weak hand place in this kind of situation where everything is dip it would be hard for him to control his/her emotions and this could end up making a worse decision which is panic selling or buying. And usually, those newcomers are the ones who always experiencing this one but I can't blame them though because it is part of their learning to grow. Anyway, FOMO and FUD are some of the hindrances why traders lose their money, the only thing we can avoid this is to be knowledgeable and gain more experience.

Stedsm

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The fact is, when one trader wins huge, many small traders lose something. So why to cry out when you lose? Take it and move on. Second thought is never listen to anybody even if they show you a 100k% profit because they were lucky to enter the markets at that time and you may not be that lucky ahead. Listening to them will only force you to take wrong decisions and you'll listen to their brains and not yours.

Kittygalore

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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.

The problem is that we wait for a season to buy as if we know when it is going to arrive. The key is to buy no matter what the prices is, if you are aiming for long-term just do it and buy, you will get your money's worth in the long-term hodling.

TastyChillySauce00

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When the market is in dip is always the right time to buy some but as you said people really like to buy around the top, I personally think for those kind of traders they need some kind of target for buying and selling so they won't get too carried away by their emotion.
Not to mention when they get influenced by those so called crypto gurus, it's just ridiculous how people could hardly make any decision but always follow other people's decision really easily. It's like when price are in dip people gonna complaint and how the market gonna fall down but when the price pumps they instead buying in bulk, isn't that should be the other way around? lol. I personally trying to accumulate even when the market is in dip because crypto has proven to be resilient and gonna go back up again eventually.

bittraffic

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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.

Hypnosis00

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

FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. 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.

Have a plan, go straight on it, and reach our goal.

Because no matter what your friend had said, even you heard FUD's, it certainly won't affect your decision as you are heading straight to your target goal. Accepting other ideas, becoming an open-minded is something could help but as you who hold the future of your investment will have the right position to decide what you want. And it is you also who analyze what people says if that is wrong or really reasonable right but we shouldn't have to forget what we aim for. FOMOing is a challenge and many we're not able to survive.

Woodie

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

FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. 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.

Herd mentality at its best!

I would like to think there is positive FOMO and negative FOMO, imagine investing in bitcoin more than 10 years ago because you heard about it from someone and you joined because they joined the cryptography journey first...and you followed them by now you would be praising them! Then there is negative FOMO which I believe leads you into a ditch with nothing to benefit from.

Mahanton

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Quote from: DarkDays on April 23, 2021, 02:25:29 PM

Quote from: blockman on April 17, 2021, 03:29:34 PM

It doesn't get old that there will someone who would share their losses because they've bought at the top and sold at loss. It's a never ending story because there will always be newbies that cannot take their emotions when they see the coin that they've bought starts to go down.

That's right. There will always be people who want a piece of the cake but come in a little late.

TBF this is what makes a trader a good trader, you have to go through the down before you get to the profit. It is something I find people learn when experienced on their own skin.

frustration, losses and despair are all part of the process to scuccess - and of course learning to HODL/ sell at the right time.

Not that really necessary for you to experience because we are trying our best on not to experience it on the first place but this is an inevitable stuff where a noob
could really not able to avoid because this isnt something that you can get on few tries no matter how good you are on theory but still ending up on comitting some losing trade
due to inexperience and lack of knowledge.So these are the main stepping stones that you will need for you to step up on trading career.Anger, Regrets and frustration
are all in one emotions that you can really able to experience on this market.Its impossible for someone who wont able to experience these things along the way.

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