Psychology or emotions? | Bitcointalksearch.org

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Quote from: Futurexxx on Today at 09:36:08 AM

Quote from: ? on Today at 05:22:13 AM

psychology and emotions contributes mostly to trading success or failure, I think they both have equal weights in effect on an individual in the trading industry

does one have influence more than the other and how?

As long as trading is concerned, nothing beats emotions, because your thinking capacity can be right, but if you are unable to control your emotions like fear or greed, all your trading skills will be laid waste, because lack of emotional control makes you take stupid decision you wouldn't ever take even when you are quite sure of what the market is about doing.
Lack of emotional control is what makes you questions the analysis you made which was actually right, you will see yourself cutting your losses in a trade that if you had stayed more longer you would have won and make a fortune from.

Then as for the psychological aspect, if it's not right, you practically wouldn't be able to make the right decisions and the psychology of a trader mostly get bruise when he or she has gotten some back to back and back to back losses, anytime a trader is experiencing such, the best he can do for himself and regain his sanity is to stay off the market till he or she has cleared his head, but my overall verdict is that they are both influencial on a trader.

I tell you the truth, nothing beats emotions, and I think psychology will always stand on the shoulders of emotions

?

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Thats correct,..an imbalance in any of the two can cause the same adverse effect

BIT-BENDER

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Quote from: ? on Today at 05:22:13 AM

psychology and emotions contributes mostly to trading success or failure, I think they both have equal weights in effect on an individual in the trading industry

For example indiscipline may most likely have the same effect as fear or greed on a trader per time....what you think, does one have influence more than the other and how?

Psychology and emotions doesn't just affect only trading but also crypto-currency investment. Its psychology and emotions that can lead someone to either panic sell or buy, a more familiar term to describe if is FOMO fear of missing out and FUD, fear uncertainty and despair .
Just that the effects are seen quickly in trading. I think both psychology and emotions are behind experience when it has to do with crypto trading.

Futurexxx

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Quote from: ? on Today at 05:22:13 AM

psychology and emotions contributes mostly to trading success or failure, I think they both have equal weights in effect on an individual in the trading industry

does one have influence more than the other and how?

As long as trading is concerned, nothing beats emotions, because your thinking capacity can be right, but if you are unable to control your emotions like fear or greed, all your trading skills will be laid waste, because lack of emotional control makes you take stupid decision you wouldn't ever take even when you are quite sure of what the market is about doing.
Lack of emotional control is what makes you questions the analysis you made which was actually right, you will see yourself cutting your losses in a trade that if you had stayed more longer you would have won and make a fortune from.

Then as for the psychological aspect, if it's not right, you practically wouldn't be able to make the right decisions and the psychology of a trader mostly get bruise when he or she has gotten some back to back and back to back losses, anytime a trader is experiencing such, the best he can do for himself and regain his sanity is to stay off the market till he or she has cleared his head, but my overall verdict is that they are both influencial on a trader.

Zigabel

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Quote from: ? on Today at 05:22:13 AM

psychology and emotions contributes mostly to trading success or failure, I think they both have equal weights in effect on an individual in the trading industry

For example indiscipline may most likely have the same effect as fear or greed on a trader per time....what you think, does one have influence more than the other and how?

Both have almost equal effect because literally one breeds the other so well, an emotional person wouldn't have a good psychology and someone who isn't okay psychological cannot have the best emotions to trade, so both needs to be in place properly for one to eb able to trade well, a good and stable psychology has got its own role it plays to keep someone emotionally stable enough to trade so for me I don't see any about the other but the two working together for a complete and healthy gambling environment to promote successful and profitable trading.

?

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The point is not really about what is good or bad, these two often cause the two biggest effects on a trader, my question is which do you think has more effect

Charles-Tim

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Please, bring something good next time. This thread does not worth a thread at all. Is their any field in life that indiscipline is good? How is indiscipline related to psychology and emotion in trading?

?

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psychology and emotions contributes mostly to trading success or failure, I think they both have equal weights in effect on an individual in the trading industry

For example indiscipline may most likely have the same effect as fear or greed on a trader per time....what you think, does one have influence more than the other and how?

Topic: Psychology or emotions? (Read 52 times)