Topic: Things that influence our trading decisions (Read 712 times)

Keeping emotions away from trading is easier said than done. We can't separate emotions from trading. There will always be emotions, we just should not allow those emotions make decisions for us.

But I have a question, if I exit trade then that's "fear" and if I keep trading is "greed", so what am I supposed to do. Fear and greed are not what we should allow make decisions for us, sometimes the decision might come out good but it doesn't always work out. So what am I to do?

The fact that we can treat the movements as just numbers which if churned properly can give us profit through its difference should be ingrained in our heads. Then only we can keep the emotions aside - if its dropping buy and if its rising sell.

But what comes in between is that people are either in a hurry to make money or they have take a loan to trade on and need to pay it back. These things disrupt the mindset and the trade makes the mistake of buy/sell at the wrong point or go for shitcoins or do something stupid like margin/futures/leverage.

Try to avoid these bad things, be disciplined in how you spend and do dummy trading often and anyone can profit from the spot trading market, in my opinion.

emotions can not be controlled because its natural and in struggling of controlling emotions one stay so calm that he losses his money which also does not sound good so I want to say that person should think about his profit not about the price in future because we have to just reap our benefit and have no concern what will occurs in future.

Let's say that if market goes down and you loss money then its in your hand that first learn how to fix this mistake but if you are putting money repeatedly without fixing your faults then it means that you have no control on your emotions even you cannot minimize it.

 Although emotions are natural but you can use your mind in such situations to minimize your emotions to not do anything which makes you looser.

In everything  you said, I was moved by the  confirmation believe because I already fall victim of this one and I can attest that I've lost several hundreds of dollar staying bullish about the prices of commodity in the market and the funny thing is that I constantly  still make losses with hopes of recurring everything I've lost when my time comes but it seems the time is even taking .ore than enough time to come and that's not healthy for a trader.

Now talking from the stand point of a trader, I agree with op that having a confirming prove to back our decisions is one of the reasons why  emotions keep playing on us.

Not just in trading but in all aspects of life, our emotions leave a strong impact on our daily life’s decisions. That’s the reason why we have to evaluate and assess our emotions carefully especially in trading where emotions become a great enemy to be successful in trading. If we can’t control it, which I think is certainly hard, then let’s just trade focusing on our set goals with high determination so that trading will still be more profitable and successful in the end.

* Emotions in trading

This would be the main thing that would affect us on doing trading, it could alter out your decisions directly if you arent that good on controlling yourself.
This is why you should really be that mindful when it comes to this one and having the control of your emotions on the time that you do make trades would really be giving
out that kind of advantage on which it is really that something that needs to be adjusted if you do see that emotion is really that hindering you on making good trades
or trading decisions.

On the time  that you would really be gaining up experience then you are really that going on your trading career then you would really be able to
make yourself that way more better as days passing.

The issue with the stop loss can be easily solved, if your stop loss is too close to the current price and it keeps being hit over and over again then a way to solve this is by reducing the amount of money you use on each one of your trades while you increase your stop loss in the same proportion, this way your stop loss will be wider but the risk that you will take will still be the same and you will not be as vulnerable to a whipsaw.

One of the things that would really be making you alter out your earlier decisions would really be mainly your emotions which is something that would really be normal since we are just humans then we are really that

emotional.We do know that there are really moments that cant really be avoided on which we do really become that impulsive on which means that changes would really be likely to happen.
On the time that you would be gaining up experience then you would be able to make control of your emotions and this is why experience is the key because we do once becomes a noob
or something that lacks knowledge and  this is why we do really make out this kind of missed out opportunities or chances.

Trading with a very volatile market is something that not so simple, due to those movements then it would really be making yourself that impulsive but with
having sufficient experience and kills then you would be able to control it out.

This is why being able to manage our emotions is a very important skill, since not only it will affect your ability to make a winning trade when it counts but it helps in every single other aspect of our lives as well, however this kind of control is not encouraged by society these days and if anything is looked down upon, as if there was something wrong with trying to deal with our emotions in a healthy way, which by the way I think this is the main reason why most people cannot become successful traders.

The bottom line is that if someone can control their emotions, they will be able to trade calmly. Experience and flying hours also greatly influence everyone when making a decision. And this is where the importance of a strategy in trading, someone who has high flying hours is sure to have a sufficient level of confidence to make a decision. Emotions will never disappear from someone's mind because it is natural and everyone has it, it's true as you said that we can only control these emotions. High flying hours will increase us in experience and emotion will help someone reach a decision, then the strategy will produce something according to what we are targeting and self-control factors will limit us to minimize losses.

I feel like that only works when you know where you should sell at. We are forgetting that not a lot of people know how to pin point where to sell, some people buy because they think they should buy at that price, and sell because they think they should sell at that price, without knowing what to really do.

This causes of course a lot of trouble for them but at the end of the day there is really nothing wrong with making mistakes. That is how people learn, they make mistakes to learn and they will end up learning one by one. This may take some time, but it will eventually happen and that is why I believe that we are going to be fine in the end. Definitely not a problem at the start, so people should just fall off the bike to learn how to ride it.

Bots arent that bad but rather it would really be that helpful but on the sense or on the time that if a certain trader is really that knowledgeable on how to make use of it because the main purpose on why these things

do exist is that it do really automate up your trades which it is really that helpful if you arent really that facing or in your computer on certain time or moments on which it would really be that  significant
that having these things would really be so useful but on the time that you are just making use of those pre-set up bots with having those trading settings without even knowing on what it is
then its not something that recommended unless if you are that a trader who does know on how to change up things if necessary if you do see something of those strategies are not really that good on such
set up. Following traders or copy trades could do but its not something that you could really be able to rely.

Nothing beats out if you do make out some manual trades on your own and not relying on copying on someone when it comes to trading. You would really be able to mold up yourself on becoming a better
trader on the time that you are the ones who do make out those strategies and analysis on the time that you do make trades or having that approach towards  the market.

Emotions are hard to resist because that’s part of being a human. And in everything we do, different emotions are always present. That’s why it’s difficult to control it even in trading especially if you are trading to make some profitable gains and to make your trades worth the risk. The reason maybe why most traders fail in trading is that they keep on insisting to stop their emotions, when in reality emotions can’t be stopped but can only be lessen or minimized.

Trading bots may be helpful for those traders who do not have time to actively monitor the trades or cannot stay for long on the screen to get the trades setups and monitor the trades.

I will prefer to get knowledge of trading and do trading myself rather than putting bots to work on my behalf to do the trading. By the way, I haven't heard that these trading bots give you constant good profit, because if it was true then everyone would have been doing bot trading and making a lot of money.

In short, we should always stay on our original path, we should never cross that line. For example, in terms of profit, sometimes many of them have touched their target at the beginning, but they are too greedy so that the profit they should get at the beginning becomes a loss. That is one of the examples where a trader suffers a loss due to exceeding the limits set at the beginning.

Emotions are one of the fundamental things in the trading journey, and it is true that emotions play a role when making decisions. It takes practice and experience when making our emotions work, I mean emotions can be used to make us profitable. But again it takes a process and certainly will not be separated from experience.

If you are already prepared with the trading pattern, strategy or plan do you have you can make a trade on your own, don't make a trade because of the decision of other people its your decision by now, its your choice if you want to get a ride with the trades of other people but its always happen? Ideal if you have a concrete plan go for it and stick to it many people want to trade but they over committing to their decisions for example they hoping that the market goes up and take a profit but after a few minutes they lose a lot than their position, and people keep holding even though the support already break that cause them to lose more money, those are the instances could happen. Emotions can cotnrbtue to your decision making so its not all about knowledge but also emotional stability to make a decisions.

You are right that bot trading can be useful but making your own strategy for trading and trading from your own analysis will be more useful, because I have also tried trading with bot trading. I didn't get any significant profit in bot trading but I lost due to price drop. Instead, when I trade using my experience and analysis, it gives me good returns. So bot trading can be useful for newbies and people who don't have time for trading, but I think people who have time and are interested in trading should try to learn by themselves and after gaining experience they can make a good profit by trading on their own analysis.

Trading bots are useful - but they will not 100% help traders to make profits consistently. Bots are useful for managing the trading process and customizing trading strategies - but of course bots are not perfect. Traders can take advantage of and maximize the functionality of bots - but I tend to be more confident in my own decisions than trading with bots.

well that actually depends on what really influence your trading decisions, if its just some random emotions, just because the chart doesn't go your way that you get upset and wanna let some steam off your head, then I could simply understand that such emotion affecting trading decision is better to ignore.
but if it's coming from some news like for example BNB that gets affected by the lawsuit news then you could pretty much needs to change around your strategy and responds to that things, i could consider it pretty much influencing the trading decision but in a good way.
so basically it depends.

You can't trust bot hundred percent because those things are programmed and since its programmed it does not have accuracy, so it's a man made which you can't not be dependable on them, but I wonder while people always emphasise on them mostly recommend them as a useful tools to trade, what you said about their weakness I think you are right because, no bot that doesn't have a disadvantages but many people will think that all bot works perfectly while it's made by human.