Topic: The pressure,fear and indecisiveness that comes with trading. - page 3. (Read 485 times)
hero member
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Trading is not simple, but it can be profitable and, at the same time, burn down one's investment if the person is not so experienced. Trading has pros and cons, like you already said, and that's why any person who has made up their mind to maximize profits from trading should learn very well and make sure they are familiar with all the techniques, trading tools, how to predict market direction, and also how to control their emotions. Some new traders experience unintended losses due to greed and an inability to control their emotions. Trading requires mental attention and activeness; a trader cannot be depressed or tensed and expect to get an expected profit while trading.
<> I have seen so many traders that have the discipline on how to control their emotions, but they don't even know how to read a candle sticks or chart pattern, they don't even know technical analysis, and all their effort was just rubbish, because they don't even know what they are doing, so knowledge is very much important just as emotional control, and knowing how to manage your risk properly.
That's strange
I feel like it's more the other way round. I mean if you don't know how to read candles you're not really a trader. Among traders who know the basics, the ones with discipline to me is the rarest of them all.
Everybody knows how to post a trade, based on this or that, signals are every day on Twitter.
But how many tell you the exact entry, exact exit, exit bankroll P/L and close exactly as they said they would?
Discipline is bigger and harder to achieve than technical knowledge. I knew this from 10 years of trading before I even opened my first crypto exchange account.
legendary
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Leading Crypto Sports Betting & Casino Platform
Trading has always had it ups and downs,but you come to realize that those ups and downs are what really makes trading interest and unpredictable,this is the reason why before one becomes a trader,he should try to see the risks of it and the good side of it because if he rushes into it without making some research about it,knowing the right things to do,it will down on him at the zero zero hour.
Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Well, trading is sure a different kind of ball game when compared to other ways we try to make or earn money from online, like gambling and others, trading is one that does really a good time to learn the skill, it's a skill actually, and not like gambling that anyone can wake up one morning and jump into.Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
And I need say that there are actually no fears in trading as long as one have learnt the skill well enough and is confident in all his or her trades. A well skilled traders can not open a position when he or she is afraid he will lose, such attitude or behavior simply shows that the trader isn't sure of what he or she is doing but just guessing the market, and guessing the market can be very dangerous at times.
Trading has always had it ups and downs,but you come to realize that those ups and downs are what really makes trading interest and unpredictable,this is the reason why before one becomes a trader,he should try to see the risks of it and the good side of it because if he rushes into it without making some research about it,knowing the right things to do,it will down on him at the zero zero hour.
Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Ups and downs in trading are something that is very certain to happen and in fact occurs very often in various types of trading so that everyone, apart from having to do research about the risks, must also understand how to manage their own trading capital well enough if when they have to face a bad situation, they don't immediately panic to let go of what they have bought. How to trade is not complicated, but what is more difficult to understand is how to see the good and bad moments in the market so that there are ups and downs when the moments start to change in a matter of days, making profits something that is not easy to get. Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Market can not be predict precisely but we can takes the benefits from the volatility by analyzing the market movement. When someone can learn how to analyze the sign of ups and downs, he can decides what he needs to do. But most people doesn't have patient to analyze and scare to do something because they lack of knowledge related to the market.
When they can learn more about trading and practice, they will gets more experiences which can helps them to improve their trading skills. They will not feels the pressure of the market because they know what to do related to the market situation. If they don't see the chance to enter to the market, they will not force themselves and just wait for a while.
They will try to analyze with their skills and not depends on other people's signal. They knows that the only chance to adapt with the market situation is by learning more. Although that is not easy, they will not give up and still practice their skills so they can have better skills that will useful in their trading.
When they can learn more about trading and practice, they will gets more experiences which can helps them to improve their trading skills. They will not feels the pressure of the market because they know what to do related to the market situation. If they don't see the chance to enter to the market, they will not force themselves and just wait for a while.
They will try to analyze with their skills and not depends on other people's signal. They knows that the only chance to adapt with the market situation is by learning more. Although that is not easy, they will not give up and still practice their skills so they can have better skills that will useful in their trading.
Trading has always had it ups and downs,but you come to realize that those ups and downs are what really makes trading interest and unpredictable,this is the reason why before one becomes a trader,he should try to see the risks of it and the good side of it because if he rushes into it without making some research about it,knowing the right things to do,it will down on him at the zero zero hour.
Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Trading involves everything, therefore, as much as possible, don't trade with ambition, always learn to prioritize focus on the strategy you apply. There is nothing easy in trading because it involves money at stake, but at least by applying certain methods you can minimize large losses. The point is that if you stick to trading principles then you will be fine, but if you ignore the principles and instead follow your ambition to continue pursuing profits that are beyond calculation then it will always end in chaos. Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Trading has always had it ups and downs,but you come to realize that those ups and downs are what really makes trading interest and unpredictable,this is the reason why before one becomes a trader,he should try to see the risks of it and the good side of it because if he rushes into it without making some research about it,knowing the right things to do,it will down on him at the zero zero hour.
You feel pressurized if you are not certain about what you need to do and that is because of a lack of knowledge, you feel fearful if you have invested money that you can't afford to lose, and indecisiveness comes when you get lost, don't know what step to take next and that happens when you panic, can't control your emotions and stay mentally active.You are right that these things happen in trading, but they don't happen if you do things in the right way. A trader must gain necessary knowledge before they get into the market, and they should only invest money that they can afford to lose or won't need it in the near future, when someone does these things properly, they would have confidence, so panic won't come near them.
If you've been trading for a really long time and you still feel this way with your trading, you're probably better off retiring because you're not improving anymore, those nerves that you feel when you're trading are things that you're not supposed to feel when you're already an expert in trading, that's a beginner thing in my opinion. Maybe some of you might disagree with what I've just said and I might agree with you but think about it this way, if you're so confident of your trading already, shouldn't you not feel any kind of remorse or problem with your trading because you know that you've made the right decisions and that you're analysis are all correct?
This is something that every trader should have and understand before entering the world of cryptocurrency trading. Because, emotional issues and their management play a very important role and influence every decision that will be taken in trading. Feer, greed, FOMO, and various other emotional problems in trading really have to be prepared first and can be controlled first before actually entering the world of trading.
As in the following information:
That's why, every time you want to trade, you really need to have adequate knowledge, apart from that you also need to have logical control of your emotions and thoughts. so that we can really be realistic with trading conditions, we can control markets that don't go according to expectations. Don't let us be controlled by excessive momentary emotions which can actually disrupt the trading strategy that we have prepared as well as possible.
Source add Mind Over Markets: The Role of Emotions in Crypto Trading:
https://www.linkedin.com/pulse/mind-over-markets-role-emotions-crypto-trading-chervin-cruz
As in the following information:
Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Indeed, normally it should be like this. So, when a person has feelings of fear, depression, despair and other aspects of trading, it is actually very normal. it's just that we can't normalize it and let it control us. The key is in how we can control and control these emotions so that we don't end up falling into such emotions, especially excessive ones.That's why, every time you want to trade, you really need to have adequate knowledge, apart from that you also need to have logical control of your emotions and thoughts. so that we can really be realistic with trading conditions, we can control markets that don't go according to expectations. Don't let us be controlled by excessive momentary emotions which can actually disrupt the trading strategy that we have prepared as well as possible.
Source add Mind Over Markets: The Role of Emotions in Crypto Trading:
https://www.linkedin.com/pulse/mind-over-markets-role-emotions-crypto-trading-chervin-cruz
Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
If trading scares you and you take time to go and rethink your choice you must not always end up with the decision to come back to trading because trading is not for everyone. There are options that you can earn from in cryptocurrency and it must not be trading alone. To become a really good trader you must be in a comfortable place and have an alternative source of income so that you do not depend on the income you get from trading alone to survive because traders who start up this way do not always go far. Trading has always had it ups and downs,but you come to realize that those ups and downs are what really makes trading interest and unpredictable,this is the reason why before one becomes a trader,he should try to see the risks of it and the good side of it because if he rushes into it without making some research about it,knowing the right things to do,it will down on him at the zero zero hour.
Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Ofcause the ups and downs of the market is one of the features of the market because every trader in the world is trading with his own time frame, Capital and probably his own view of the market and these are the variables that drives the market. So whenever you taking your trade from the 5m or 15m time frame also note that others might be trading with the 1m time frame. Some even trade on just candle sticks formation.buy,sell,buy,sell making the market very noisy for your 15m time frame set up so don't expect your trade to moon directly to your TP. Traders should take note of these factors.
And again we are afraid and terrified by the markets behaviors because we never took the risk factor in mind when we first started by just focusing on what we stand to make out from the market believing it has made so many rich so it should be the same with us. And when the normal draw downs comes we feel bad because we never expected a lose from the market that's were the fear sets in and we begin to battle with our emotions till we get the right knowledge.
Those who are new to trading often get trapped by their emotions and they somehow become hallucinated by the pressure of those emotions. Emotions like greed and fear can cause huge damages to those traders and that's why they won't get any proper profits or can take any proper trading decisions.
Some of those traders even give up on trading after losing so much money, while others try their best to find a way to make profits. The traders who choose the path of futures trading with leverage are the ones who most probably lose their capital and those traders can't be good traders because of their poor trading decisions.
Some of those traders even give up on trading after losing so much money, while others try their best to find a way to make profits. The traders who choose the path of futures trading with leverage are the ones who most probably lose their capital and those traders can't be good traders because of their poor trading decisions.
When you trade, you must have manage your emotion because that can gives a bad impacts to you, especially when you lost your money in trading. You must learn about managing the risks so you will know how to prevents the risks not to be bigger.
When you learn how to manage the emotion, you will find how to stay away from pressure and fear from the volatility of the price. You knows that the price will always change so you can adapt in any situation and condition and you can see when your chance to enter and quit from the market. If you can learn many things related to trading, you will not afraid with the bad effects of trading because you knows how to avoids that.
When you learn how to manage the emotion, you will find how to stay away from pressure and fear from the volatility of the price. You knows that the price will always change so you can adapt in any situation and condition and you can see when your chance to enter and quit from the market. If you can learn many things related to trading, you will not afraid with the bad effects of trading because you knows how to avoids that.
Know that those who feel the pressure and have high fears in trading are those who are not experienced and skillful traders who only rush into trading for their greed with money. That’s how majority of newbies these days be like. Maybe because of what they have seen from these trading influencers all over the social media, and eventually fall on their traps. The reason why one should always do in-depth research and study the market first, before he will risk his life savings and trade with the coins whom he believes will bring potential profits.
Trading has always had it ups and downs,but you come to realize that those ups and downs are what really makes trading interest and unpredictable,this is the reason why before one becomes a trader,he should try to see the risks of it and the good side of it because if he rushes into it without making some research about it,knowing the right things to do,it will down on him at the zero zero hour.
You are describing like a gambling. But you’re right that the volatility is what makes trader profit in trading since the higher the changes is the greater profit they can get.
This is one of the reason why leverage was invented since trader want more price action on a stable assets such as fiat. With leverage feature, a minimal movement will resulted to a huge gain/loss depending on the leverage use.
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Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Many are scared because they don’t have any clue about trading. It’s really fearful if you don’t have trading skills since you are competing with other traders in able to gain in trading. Fear and pressure is understandable feeling if you knew to yourself that you are not good on trading.
Those ups and downs you mentioned are what make trading to be very interesting and I can't imagine how it would be very boring if there were no such things, undeserved rewards would be too much. Trading is just like a rewarding puzzle, if you solve it rightly, you get to earn the rewards, but they aren't always easy. Although it doesn't look like that from the outside, I mean how the whole thing is structured, but in reality, it is tough.
This is the situation where your money could be blown to your face pretty fast if you misjudged the condition or/and misacted, and this has to do with a whole lot more than just you or the trading itself. It has to do with the theory, practice, real-time interpretation, management, psychology and coordination. If anyone misses it in any or all of these, such can't secede in it.
Initially, it was a trading secret I was pursuing not knowing that there is no such thing, but that success in trading lies within.
This is the situation where your money could be blown to your face pretty fast if you misjudged the condition or/and misacted, and this has to do with a whole lot more than just you or the trading itself. It has to do with the theory, practice, real-time interpretation, management, psychology and coordination. If anyone misses it in any or all of these, such can't secede in it.
Initially, it was a trading secret I was pursuing not knowing that there is no such thing, but that success in trading lies within.
Pressure, fear, and indecisiveness - all these things make us feel uncomfortable and a reason for our failure.
It is better to change the way we think about trading and instead of being too emotional, we'd rather keep calm and stay on our goal.
It is necessary we have to be fully knowledgeable about the market but what we need to is how to control our emotions because if we can't, then we also never expect a profitable trade either.
More and more people try to trade but only a few are left and succeed and the majority are at a loss due to emotional problems. Therefore, it was not just knowing how to trade but also, how to become strong and mentally ready about the up and down situation.
It is better to change the way we think about trading and instead of being too emotional, we'd rather keep calm and stay on our goal.
It is necessary we have to be fully knowledgeable about the market but what we need to is how to control our emotions because if we can't, then we also never expect a profitable trade either.
More and more people try to trade but only a few are left and succeed and the majority are at a loss due to emotional problems. Therefore, it was not just knowing how to trade but also, how to become strong and mentally ready about the up and down situation.
A huge part of trading is about keeping your controlling your emotions and not letting them alter your decision-making and risk management. Who wouldn't't be scared, excited or anxious once in a while where money is involved?
The difference comes on who you manage the emotions.
I have been affected by emotions so many times when trading. Sometimes I would not want to take the L and keep the position open for so long only to suffer a bigger loss or When the position would be 200% in profit, I would not want to take the profit waiting for it to go further only for the profits to diminish
Now, the same thing would also happen to some of my colleagues that I would try to teach how to trade, which shows that it's a common human trait.
The difference comes on who you manage the emotions.
I have been affected by emotions so many times when trading. Sometimes I would not want to take the L and keep the position open for so long only to suffer a bigger loss or When the position would be 200% in profit, I would not want to take the profit waiting for it to go further only for the profits to diminish
Now, the same thing would also happen to some of my colleagues that I would try to teach how to trade, which shows that it's a common human trait.
That's why I repeat again and again about trading. It's not about skills, it's not so much about TA and knowing markets etc. The things you need to understand you can't pay for. You can only practice.
That's discipline and methods to prevent or lessen the impact.
First, if you can't trade ALL your trades by specifying entry and exit, and you can't stick to them profit or loss, then you need to understand trading is not for you.
Second, if you can't control yourself, get a buddy system. Somebody who knows your trades, what's your entry and exit, and bankroll commit. Then if you lose discipline, he is there to tell you, hey, exit now buddy. Just like you said you would.
Forget about all the stupid courses teaching you TA and identifying what not. You focus on building your discipline and emergency system. If you do that you are already better than 99% of traders.
Pressure, fear, indecisiveness comes in a lot of jobs, but any online work that makes you read constantly and compute? And especially money involved? Gambling, anybody? lol
That's discipline and methods to prevent or lessen the impact.
First, if you can't trade ALL your trades by specifying entry and exit, and you can't stick to them profit or loss, then you need to understand trading is not for you.
Second, if you can't control yourself, get a buddy system. Somebody who knows your trades, what's your entry and exit, and bankroll commit. Then if you lose discipline, he is there to tell you, hey, exit now buddy. Just like you said you would.
Forget about all the stupid courses teaching you TA and identifying what not. You focus on building your discipline and emergency system. If you do that you are already better than 99% of traders.
Pressure, fear, indecisiveness comes in a lot of jobs, but any online work that makes you read constantly and compute? And especially money involved? Gambling, anybody? lol
Actually some of the point you mentioned are quite valid no doubt, but in as much as knowledge is paramount here, knowledge alone can't make you to be successful in trading, self discipline, knowing how to control your emotions like fear and greed , knowing how to manage your risk properly is very much important, so if you have the discipline required but doesn't have the required knowledge, it's definitely not taking you anywhere, so in other to be successful, all this component that you and I have mentioned must come together, or in other words, you must possess all the skill required, if not, you you wouldn't be a profitable traders.
Am saying this because I have seen so many traders that have the discipline on how to control their emotions, but they don't even know how to read a candle sticks or chart pattern, they don't even know technical analysis, and all their effort was just rubbish, because they don't even know what they are doing, so knowledge is very much important just as emotional control, and knowing how to manage your risk properly.
That's why I repeat again and again about trading. It's not about skills, it's not so much about TA and knowing markets etc. The things you need to understand you can't pay for. You can only practice.
That's discipline and methods to prevent or lessen the impact.
First, if you can't trade ALL your trades by specifying entry and exit, and you can't stick to them profit or loss, then you need to understand trading is not for you.
Second, if you can't control yourself, get a buddy system. Somebody who knows your trades, what's your entry and exit, and bankroll commit. Then if you lose discipline, he is there to tell you, hey, exit now buddy. Just like you said you would.
Forget about all the stupid courses teaching you TA and identifying what not. You focus on building your discipline and emergency system. If you do that you are already better than 99% of traders.
Pressure, fear, indecisiveness comes in a lot of jobs, but any online work that makes you read constantly and compute? And especially money involved? Gambling, anybody? lol
That's discipline and methods to prevent or lessen the impact.
First, if you can't trade ALL your trades by specifying entry and exit, and you can't stick to them profit or loss, then you need to understand trading is not for you.
Second, if you can't control yourself, get a buddy system. Somebody who knows your trades, what's your entry and exit, and bankroll commit. Then if you lose discipline, he is there to tell you, hey, exit now buddy. Just like you said you would.
Forget about all the stupid courses teaching you TA and identifying what not. You focus on building your discipline and emergency system. If you do that you are already better than 99% of traders.
Pressure, fear, indecisiveness comes in a lot of jobs, but any online work that makes you read constantly and compute? And especially money involved? Gambling, anybody? lol
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