Top Three Emotions to Check to Succeed! - page 10.

Oilacris

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Quote from: MonsterV on July 14, 2019, 03:20:33 PM

Quote from: Indrawan77 on July 14, 2019, 07:25:21 AM

Greed is the hardest emotion to control, fear and confidence can be control when you already got knowledge and experience, but for greed you need to control by yourself, greed also can make you take a reckless decision and could blinded your judgement, many people failed in trading because of greed

Greed is the initial and most common level of emotions encountered by traders. It does not rule out the possibility that even though the person is a professional trader does not have this level of emotional greed. Even I think greed has no limits for anyone because greed arises when our minds and hearts are not calm. Any trader has many problems that can make their minds and hearts uneasy, so this level of greedy emotion arises.

Theres no such thing to be exempted by Greed,as said no matter how pro you are you would still or definitely come out with this emotion and as a trader which is always exposed or do deal with money we are really prone to such emotion.

Each actions do have corresponding aim on making even more money which would spark out your greedy instinct inside you.Its hard to combat it if your experience and knowledge isnt really that strong or enough.

josephdd1

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RAGE

The more you lose, the more angry you get. Control this, and everything will be okay.

GREED

When you make $100 profit. Cash out. If you wait to make $2000, then you might go in the negative and lose even that $100

EMPATHY

When you see an oppurtunity. CASH IN! Don't worry about others. Others will not pay your bill.

MonsterV

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Quote from: Indrawan77 on July 14, 2019, 07:25:21 AM

Greed is the hardest emotion to control, fear and confidence can be control when you already got knowledge and experience, but for greed you need to control by yourself, greed also can make you take a reckless decision and could blinded your judgement, many people failed in trading because of greed

Greed is the initial and most common level of emotions encountered by traders. It does not rule out the possibility that even though the person is a professional trader does not have this level of emotional greed. Even I think greed has no limits for anyone because greed arises when our minds and hearts are not calm. Any trader has many problems that can make their minds and hearts uneasy, so this level of greedy emotion arises.

audaciousbeing

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finaleshot2016

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Degen in the Space

We should all balance these three to meet success.

It's normal to be greedy especially when you're hyped on the market pump and don't forget to think wisely. There's always a risk ahead even though you're don't have any greed. Having fear is thinking negatively towards your action if you want to risk then don't let the fear eat you. Having confidence is good but too much is bad like what you've said, It's correct. It might lead you to downfall on a single mistake you may do.

barbara44

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Quote from: arpon11 on July 22, 2019, 02:00:25 AM

I got an experienced last week and I still feel bad about my lose. On Monday I make around $300 by hedge when I see negative news about bitcoin and I thought that the strategy work only to find out that in a second thing began to change and I lost all the gain I have made when almost all the indicators were showing that price is going downward. I see that over confidence actually makes us lose money and as such setting stop lose will help in cutting ours loses not to run too far.

Haaha, sorry mate, there is actually need to have confidence, because if you don’t have confidence, fear would set in, and when fear sets in, it is not only profit that you will find yourself loosing, but you will also loose the capital to panic sell, confidence is good to build but we just have to make sure that we balance it, as in not to be too over confidence.

Sometimes, it is also best that we act based on our own skill and what we have been using, I guess you decided to follow the rule of holding when people are saying bad stuff and sell when people are saying good stuff, it was just someone that came up with that strategy, but that does not mean that it work for everyone, just have to believe in yourself, trade with your free mind and trade based on the level of knowledge that you have acquired.

tetyulfania

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Many people and investor always buy their assets when price is up and sell it when price down, because they have fear with bitcoin and altcoin price situation, keep control your emotion for success in crypto.

Muzika

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Fear, greed and confidence makes a great portion when it comes on trading specially when you trade alts in the market. When it comes on trading in the market of bitcoin dont be feared because the market is stable on giving a profit to trader just have a patience.

darklus123

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Quote from: goaldigger on July 19, 2019, 02:54:52 AM

Just first learn not how to be greedy then all will follow. This is the main cause of the lost of the trader when they seek for too much profit. If you are not greedy, you will notice that you become much patience and more focused on what you are doing by the means of achieving your certain goal.

You will eventually learn it through the process. Tho, throughout the process you will surely fail a lot of times so I think the first thing you should consider is acceptance because if you know your mistake you will change your mindset no to make the same mistake again. Then, you will learn through your experience to become more patient without even realizing that you are not as greedy as you were and impatient as before.

kingpin4321

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Quote from: Nhebu on July 20, 2019, 12:00:11 AM

For anyone who wishes to be financially successful we need first to be successful emotionally. But I'm not referring to control our emotions because first and foremost emotions are impulsive. There’s nothing wrong with productivity methods. Without proper discipline, tools, and goals, managing your emotions alone is not enough. However, if you can’t understand and manage your emotions, achieving your goals will become a lost battle.

Emotions can be a trap to traders, if you put your heart before your head then it can lead to losses, many traders put their emotions in their trade and it hinders them from applying real and basic strategies that can make trading more profitable.
Emotions leads to panic moves, likewise greed which makes us open to being scammed, fear also makes traders miss golden opportunities, so all this three really needs to be put away to make trading profitable.

goaldigger

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Just first learn not how to be greedy then all will follow. This is the main cause of the lost of the trader when they seek for too much profit. If you are not greedy, you will notice that you become much patience and more focused on what you are doing by the means of achieving your certain goal.

Dread Pirate Roberts

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Sometimes the emotion and feeling want to rush getting back oss money or panic to make loss getting bigger it can make someone not wise and unrealistic to make decision. because with minimal capital sometimes people do not care about where they buy point and that often makes people broken and loss in trading. for me itselft make it that thing as learning and trading experience.

SirLancelot

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Leading Crypto Sports Betting & Casino Platform

These often happen to a lot of us too which I think the easiest way to overcome this is to put little investment we can afford to leave for a very long time, and we should never use any money that is tied to a particular thing to invest or trade, I.e feeding money, school money, project money, these are the type of things that usually create fear in people concerning their money and may lead them to easily panic sell when they see the investment not yet going in favor of them.

If we use like savings money for trade or investment, then we should be able to leave it for a very long time, and also be patient enough with its growth. Most of my investment are from my savings account, and my savings account is also divided into two, I keep one for fiat saving and the other half from crypto investment.

Darker45

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Quote from: Jating on July 14, 2019, 07:00:47 AM

Quote from: Darker45 on July 14, 2019, 06:14:56 AM

Quote from: FanEagle on July 14, 2019, 04:31:32 AM

I think we can add a fourth one but that could be diluted between these three as well if you want. Its hype, I don't know if hype is an emotion or if we could rename it like something to "rush" or "excitement" or whatever but when people see bitcoin or any other currency going up like 50% then they want to get in as well, that is a wrong type of thinking and hurt many people over the years.

Oh yes, there is that kind of feeling. It is not fear for sure but it is that kind of feeling that you don't want to miss something, a feeling of wanting to be with the crowd, of joining the party with the rest. This is a little bit similar with bandwagon mentality. Most often, it is fun to go with the flow of excitement and adrenaline. At the end of the day, you are doing it without much thought and you end up losing. That is always the end when reason is left out.

That's pretty much FOMO. I know that it's part of human nature, but I do think that we can all control. We should always think of the consequences of our actions. I mean if you jump on the bandwagon, how you can exit? Do you have plans?

And that is why we really need to be perform, otherwise we might end up losing. Of course that is not our goal in this market so we should really learn how to control, specially our human greed.

It doesn't feel fear to me. It is like a discomfort. It is a bit awkward when the rest of the gang are cheering hard on a bull run with so much excitement and you are out of place. So you buy some to be part of the fun yourself. And then the red candle immediately appears. Grin

It's because of DOMO (Discomfortable Of Missing Out). LOL!

Quote from: Indrawan77 on July 14, 2019, 07:25:21 AM

Greed is the hardest emotion to control, fear and confidence can be control when you already got knowledge and experience, but for greed you need to control by yourself, greed also can make you take a reckless decision and could blinded your judgement, many people failed in trading because of greed

Because every Satoshi counts. Really hard to control.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: davinchi on July 22, 2019, 12:35:49 AM

I think I agree that emotions are what makes us who we are, its impossible to control our emotions because if we could than we would be robots not humans.

It is possible to control your emotions. Its tough but not impossible. The biggest and most successful investors are both shrewd and cunning and ready to jump in without any fear and have a lot of contacts with rich people. Those things ease your mind but if you cannot control your panic level and fear, then you should not trade.

Quote

Of course, you can slow down your instincts and won't do the first thing that comes to your mind, like if you see someone with wad of cash you do want to take it and want it to be yours, you want that money to be yours is a normal feeling but you don't do it because that would be idiotic and stealing however there are more deeper emotions like fear and anger and anxiety and so forth which if it is all up to you can't be controlled (as long as it doesn't hurt someone else you can do whatever you wish with your emotions). And that is why I feel like its easy to tell people to keep their emotions in check but its easier to say than do that.

Seeing that risk is there you would want to take it if you have the money. But here comes the importance of risk management and bankroll management. You would want to divide your entire fiat for saving and spending of which give 10% to investments and then divide that among assets like precious metals, stocks, cryptocurrenices, commodities and so on, whatever your interest lies in.

Indrawan77

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Greed is the hardest emotion to control, fear and confidence can be control when you already got knowledge and experience, but for greed you need to control by yourself, greed also can make you take a reckless decision and could blinded your judgement, many people failed in trading because of greed

mersal

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Quote from: Mpamaegbu on July 20, 2019, 12:13:01 AM

Closely behind Greed should be IMPATIENCE. Lack of patience is a big vice when it comes to trading and by extension cryptocurrency. I have seen a lot of businesses and accounts go down the drains because of this. Keeping faith and holding unto a business plan is key. It was this lack that created the infamous 10,000btc for 2 pizzas story.

Maybe user thought that he is getting two pizzas for something which he made out of nothing.

Patience is important to reap high profits and also the management and decision making ability too.

arpon11

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davinchi

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I think I agree that emotions are what makes us who we are, its impossible to control our emotions because if we could than we would be robots not humans. Of course, you can slow down your instincts and won't do the first thing that comes to your mind, like if you see someone with wad of cash you do want to take it and want it to be yours, you want that money to be yours is a normal feeling but you don't do it because that would be idiotic and stealing however there are more deeper emotions like fear and anger and anxiety and so forth which if it is all up to you can't be controlled (as long as it doesn't hurt someone else you can do whatever you wish with your emotions). And that is why I feel like its easy to tell people to keep their emotions in check but its easier to say than do that.

akosijue

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Well, we all need to experience some losses and gains so you're quite right, also a struggling trader here but learned a lot of lessons and hope to not make them again.

Learned too that setting a profit and loss margin will be very helpful in many situations on trading cryptocurrencies.

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