Topic: OH YEAH FRUSTATED TRADERS. - page 6. (Read 1040 times)

It’s clear already, anyone can easily tell when the market is at it’s lowest. Times like this that the market is bullish are not the best for buying cryptocurrencies, because you’re  likely to buy at the peak of the price  and then it will start falling , putting you at loss.

Before the halving I told my friends that it would be best that they invest in bitcoin or even Ethereum, but they were not ready for that, because they were scared that the pandemic has ruined everything and that it was over bitcoin. They saw it as a blockage, but I saw it as an opportunity. And now they are the ones that are not happy with themselves for not listening. They are wishing they invested during the pandemic, because the price of bitcoin then compared to what it is now is a huge gap.

Word! some people will not invest untill they see the project is up by 30% - 70% and then they will fomo in and expect a miracle, i think this is a common practice among many crypto enthusiast, always like to be late to the party, i think the major problem associated with such behaviour is procastinnation which often result to jumping in at the peak,
crypto investment is just like any other investment which involves taking risk and if anyone is afraid of doing so shouldn't be in crypto, and as the saying goes "you snooze you lose".

Yes when we are focusing on risk management and developing strategies to multiply our capital, we should also give importance on managing emotions against frustration. Because, no market will move as per your prediction, definitely it will react in a way where we will be losing some or full of capital that will end up in big frustration. So in order to be sustaining in market, we must need to have good emotion control so that we will be getting back to our technical things to recover our losses.

I'm continuously seeing some sort of traders are always coming up and sharing about their frustrating moments in trading, but I'm not sure how many of them coping up the situation and then coming up again here to share their success story.

No matter what you’re not going to be able to stop FOMO, it’s something that is always going to happen all the time, but as an individual when you discover how bad it is to FOMO, it is then up to you to try and avoid it so that you don’t be losing your money on the trade due to it. Although there are times you will fomo and still make money out of it, it could be just by luck. Then it’s always good that we study the market and make sure that every investment we are making are being made at the right time, that way we will be HODL till when it’s right for us to sell our assets.

Ordinary people will certainly be trapped in FOMO because they see what is happening around them they know when something is being broken then they are FOMO by taking direct action even though this can be a big mistake where they will be stuck for a long time.

Experience must be a lesson we can find out how we are trapped in FOMO when people are flocking there, therefore I think we have to be able to withstand anything from these temptations because what we are trading right now is the best, meaning don't look when someone is This trend can make you greedy in a short time or it can be said to be a failure in managing your finances.

Hold your horses!

In life, you will miss a lot of things. You can apply FOMO on trading and investing, but basically, it works the same for everything else! When it comes to missing sure hits many of us can be put in the same group, we tried and we failed! But life goes on, we learn new from life lessons and we try to find our way!

Again... people like to generalize, but that's like a stupid thing to do... there are exceptions, people who do "the other way" and they succeed from time to time. We are free to choose our own way and to try to succeed! People who run into things will most likely lose in this game, but careful researcher and wise mind can be in help when you are deciding what to do with your capital!

I believe that we can make our own destiny! And we probably do it with every action we make, so we need to be careful what we are doing! Every step is important!

I agree that if somebody isn't into risk and is quick in temper, he shouldn't trade because he has a short temper which will make him emotional and would lead him to sell even the price isn't interesting and profitable.
And those traders that have gained a lot through it, they know how to make themselves satisfied and they know how to play the market because they've been into frustrations before and turned into lessons.

Practiced doing your DYOR each time you do any decision making before concluding your way, it's best to make sure that you are the one controlling and not your emotions. Lesson learned from every events that take place needs to analyze well, don't jumped to any conclusions as most of the time, rushing it out leads you to lose your money.

In this volatile market, FOMO always have a higher chance of failures. Be furiosu and wisely take care of situations according to how you understand everything.

Emotional control is indeed one of the success factors when trading. Therefore, it is necessary to train our emotions when trading. Train your emotions by using a demo account first, because if you experience a loss, it is only a virtual loss and has no impact on you. However, when you have started to enter real trades it will be quite different, where if you lose or lose some it will greatly affect your emotions. Certainly, most of the thoughts are about how to recover that lost capital when we experience it. If you use these emotions while trading is in progress, it will blind you to a more serious risk if you carry on with the irregular emotions caused by your own losses.

Stop for a moment looking at and thinking about your lost funds, first calm your mind. Because if you use angry emotions when trading it is not a good thing to do. It will be very difficult for us to think of strategies and solutions to make more profits. Take a break first when you are not in your prime condition, such as illness or a problem. Stop staring at your monitor screen first, do what makes your emotions better. Don't get burdened by the thought of wanting to return the loss first. However, keep trying to be calm in all existing conditions. You can think in advance the best way or way to solve it when you are relaxed. Patience is necessary, emotional control will be needed when trading.

It is really weird to see all these people coming in and saying that price was going up too much and this drop made a lot of people lose money and be happy about it and act all like "told you so!" when it dropped like 10% at most, when there is a market recovery already after that, but they were nowhere to be found when we reached as much as under 4k last year on march and reached as much as 64k recently at the peak. That means it represents 16x increase in the last 13 or so month.

There is nothing in the world that can give you that type of return, that's life time worth of return, if anyone put all of their life savings into bitcoin last march at 4k, they would have probably retired by now. This is why I think it is quite important that we should probably focus on how much we have earned, not how much we lost in the recent tiny drop that we are already recovering from.

Traders are always chasing for an opportunity, Stocks and forex traders know that the crypto market is a good opportunity for them to get huge profits that's why they jumped in so quickly. In this crypto bull market, I'm sure that there are many traders that gained a lot, even newbies can possibly acquire profit on the market state right now. When the bear market arrives, The number of crypto traders will be reduced. Those who switched because of the bull market will go back to the market they are comfortable with.

FOMO isn’t a sickness to cure, it is a process, a stage, and is a part of the cycle.  Beginners or newbies have to realize and learn from it and they had to learn by their experience how bad the effect of FOMO would be.

And after that, they will learn from their mistakes and keep moving and become one of the greatest traders.  Even us, as considered mediocre to skill. We’ve been there and done that. We learned from our previous mistakes that's why we already know what to do and what to avoid.  We’re just gonna be drained if we’re gonna stop them from learning and I think for me we could let them grow by letting them go.

One thing for sure is, there is always a lesson to learn. Most especially the newbies, in trading you need to put your emotions under control don’t allow FOMO lead you to make quick decisions in trading.   

It’s advisable to buy low and sell high, but avoid jumping in at the wrong time.

If you're buying and selling without technical analysis then definitely you will get into top and may sell at bottom. This happens because market is highly tricky one which will be playing with your emotions to make you a no-brainer then and to push you to take wrong decisions at critical times.

It seems beginners are taking examples from loser and not at all bothering about the successful traders. I guess that is common because whenever people are making profits they are simply moving on but when they are losing then they will come into all social media to cry out about their mistake.

For sure lots of stocks and forex traders had jumped in into this market because of that volatility reason where it can give you out potential profits which is way more than that you can
potentially earn into those traditional markets.
How would someone will be quitting out trading if he's profitable? for sure people would continue on what they do and earn more as much as they can.Just like what been said
above that this is something that not suitable for all.
There are traders who do succeed and of course to those who do failed.

There's a lot of frustrated traders right now because they are doing their trades wrong at the first place, FOMO is not good many is losing money because of this. Now that we've seen another big pump and big dump, hopefully that those frustrated traders will take this seriously and don't think for the easy money in trading. Don't buy at the peak and sold at the bottom, this is a bad way of burning your money, don't FOMO and control your emotion all the time.

They don't want to be exposed for sure because you might ask for some money, and I can say that many succeed on their tradings and they just want to remain private and focus on their earnings instead of posting it online.

What's your point?
Do you never hear a trader with a successful story in trading?
There must be many traders who succeed in trading. If you google, check on Youtube, or take a look on social media, you easily can get the information of successful traders in crypto. But ensure it is a trustable channel, don't be trapped in a promotion of a certain crypto coin!

*If no successful traders, all people must leave the crypto market! In fact, even stock traders move to the crypto market nowadays. 

There are actually lots of valuable information that you can read up its up to you if you would really be that eager on finding it out.

Trading is a story of success or failure and you can really expect different scenarios which had been part of the reality when you do get engaged with trading.
Frustration and different emotions are really present.

Trading isnt for everyone and if youre a type of person whom do easily quits out then you wont really be lasting up long.

For that before buying altcoins need in-depth analysis and find the potential of the coin that will pump at that moment. But this kind of thing is difficult,
sometimes predictions are not always right. Talk about FOMO usually happens when coins are pumping and people are buying at high prices. Yes, this
should not be the case if you do not want to suffer losses by buying at a high price.

You probably haven't seen one. You just stay on this section and see those traders that are sharing their gains, they're not boasting but happily sharing it because they've gained.
I've seen many of them shared those stories of theirs, you have to find the topics that are related to that topic since this section is already about trading.