Top Three Emotions to Check to Succeed! - page 11.

MonsterV

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Quote from: harizen on July 18, 2019, 08:15:03 PM

It's fine if people are having a hard time dealing with their emotions. Just continue continue continue to trade but make sure all mistakes are being taken seriously and take lessons from that.

No need to literally focus on learning to control those emotions listed above as it might result in much worst behavior. Just let the progress flow. As soon as anyone already established a good trading experience coming out from several mistakes, those emotions are automatically controlled. Why? Because that is human nature. The continuous winning and losing experience became part of the human's system resulting in their emotions to act accordingly and properly to their strategy.

yeah, i think that's right. Experience will defeat the magnitude of the emotions we have with time, but not everyone can accept every defeat. Sometimes people will give up when big losses and they choose to stop trading. Maybe your advice will be more useful for beginners who have a lot of money, and spend every money on a better trading experience but not for beginners who have limited capital, they certainly cannot accept this.

Mpamaegbu

legendary

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Once a man, twice a child!

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.

mersal

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BIG ready to make money but don't it be much greedy to you keep that money and yourself just let your money make more money for you is the best way to become more successful in terms of financial. Yes it is easy to say what are the things needed but it is not much easier to follow that to become a successful one.

Nhebu

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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.

rosezionjohn

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A lot of my previous trading mistakes were also due to those listed in the OP. I am not sure if there is really a top three emotion because all kinds can affect your trading. If you are angry or annoyed at something, it will be hard to focus.

onrise

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Quote from: Chrystora123 on July 19, 2019, 10:58:21 AM

Quote from: sheenshane on July 18, 2019, 03:34:56 AM

OP, maybe make it top 4 of emotions to check to succeed. Cheesy

4. PATIENCE - patiently wait and the right timing is also considering though.

totally agree, and this is actually the most important Cheesy

. the meaning of patience is actually very broad such as patience with market pressures, patiently waiting for the market to grow, patiently facing investment uncertainty and be patient to keep learning from mistakes. all successful people have emotional control over these 4 things Grin

Belief and patience both are equally important as if you believe in the coin you purchased then even when market falls you would hold back because you know that it will recover and rise in future and patience is the key for holding that coin during the bear market .

Gibreil

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Financial success is not easy to achieve in just a step. In order for us to meet our goals we need to condition our selves especially our emotions. Not too brave nor too practical. Its important to learn and grow in every disappointment and failure. I see emotional success as a type of intrinsic maturity—a way to navigate through life with a strong sense of self, agency, and competency. This can all be accomplished before financial success, or on the way up the financial ladder. Even if we reach all our career and financial goals, we won’t automatically be emotionally successful.

danherbias07

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Leading Crypto Sports Betting & Casino Platform

Never felt the fear but more of the GREED.

I tend to wait for more and lose it on the long run. Maybe I should just become a holder. Grin

But I really want to sell. Just dont want that regret with my last decision. Because once I sell, I never buy back. (altcoins)

I did it successfully once and never have the thought of it again. Sold it at a good price which I am in large profit. Didn't know if the price went up again.
I guess that is also the key to avoid regretting the sold token.

Chrystora123

full member

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Omicron is another FUD

Quote from: sheenshane on July 18, 2019, 03:34:56 AM

OP, maybe make it top 4 of emotions to check to succeed. Cheesy

4. PATIENCE - patiently wait and the right timing is also considering though.

totally agree, and this is actually the most important Cheesy

. the meaning of patience is actually very broad such as patience with market pressures, patiently waiting for the market to grow, patiently facing investment uncertainty and be patient to keep learning from mistakes. all successful people have emotional control over these 4 things Grin

Moiyah

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The three emotions that hardly resist in trading. I always fell for those emotions and it just messed up my trades. The moment that we take away them, the moment we realized that it is better to get some profits without those emotions. We all felt all of those, right. But I assumed that we already know how to control those emotions. To add some, regret feeling is also unhealthy. If you are confident with your trades or TA stick to it without greediness, fear and regrets.

darklus123

hero member

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The greed and fear really affects your decision making but this two can be countered by sticking up to your plans. Also make sure to also create a plan b and c just in cased you doesnt meet your target.

Tho, mostly the fear should always be at the top of the list because this is where most of the crypto users falls down when they can no longer cover up their loses because of deciding with fear

Sanju shekg

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Periodik

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Sometimes, or even oftentimes, emotions will really run the show. It is hard to simply cut your decision into the rational and the emotional and use one or the other at the most perfect time. That couldn't be possible at all. The most that we can do is to minimize our emotions every time we are analyzing the charts and make our trade calls. Rationality has to rule and overcome any emotion in trading.

fauzan Ichsan

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I experienced all three points above. greed often arises even though our analysis is correct, besides that it also often experiences the fear of being late in buying when there is a price increase, but what happens is actually a correction, and I feel panic. it is not easy to release the three

Sirait

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Quote from: Darker45 on July 12, 2019, 11:16:04 PM

Most often, we fail because of our emotions.

When emotions get the better of us, our reason is going to be blinded. When sound reason is blinded by emotions, expect things to end up exactly the way we do not want.

everything you explain is very real, but to be able to control emotions is not an easy but not impossible job. Learn from the experience of legendary investors and traders warren buffet which takes decades to be able to master and control situations and emotions but finally able to master it.. continuing to learn and not be satisfied quickly is the best way we can do now.

harizen

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For support ➡️ help.bc.game

It's fine if people are having a hard time dealing with their emotions. Just continue continue continue to trade but make sure all mistakes are being taken seriously and take lessons from that.

No need to literally focus on learning to control those emotions listed above as it might result in much worst behavior. Just let the progress flow. As soon as anyone already established a good trading experience coming out from several mistakes, those emotions are automatically controlled. Why? Because that is human nature. The continuous winning and losing experience became part of the human's system resulting in their emotions to act accordingly and properly to their strategy.

Darker45

legendary

Activity: 2576

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Quote from: hatshepsut93 on July 13, 2019, 06:43:06 PM

Emotions is not the only reason why people make bad trades, often times it's simply the lack of experience, and this is especially common in Bitcoin because there are so many first-time investors here. You can blame emotions if you are experienced trader and become nervous and make bad trades, or when you become emotionally attached (with either negative or positive emotions) to some asset and no longer analyze it objectively.

Experience is indeed the best teacher. The top three emotions I am talking about might mellow down bit by bit while gaining experiences. One will eventually realize what and what not to do after gaining a lot of experience.

Quote from: aioc on July 13, 2019, 07:58:00 PM

Honestly, I experienced all of these when I was just starting out, I still feel one of these from time to time it's hard not to because you're dealing with profits and losses, the best that I can do is to slow down a bit and take the whole picture and weigh the advantages and disadvantages of any situation, and sometimes it works.

I admit that when profit and losses which involves money come into play, it is a bit hard to be objective. We often find ourselves wanting more. We simply want that last Satoshi of profit. You are right, slowing down, stepping back sometimes to see the whole picture will often guide us into a better decision.

TheCoinGrabber

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I'm glad to be only affected by 1/3 of those you mentioned. I had some in stash that I didn't manage to sell during the ath coz I kept waiting for higher that I was later forced to sell for lower coz I need for an emergency. It was a FOMO moment for me since I believed everyone was also holding for more before it crashed. I suppose some might call me greedy though. Tongue

Greed is the biggest problem with all endeavors, especially in finance. Majority of people that get scammed in HYIPs and ponzis are due to their greed.

As for confidence, I've never been confident in any investment so I tend to think pragmatically about them. If I can leave with a small profit, I would.

aioc

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Honestly, I experienced all of these when I was just starting out, I still feel one of these from time to time it's hard not to because you're dealing with profits and losses, the best that I can do is to slow down a bit and take the whole picture and weigh the advantages and disadvantages of any situation, and sometimes it works.

Bunsomjelican

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Topic: Top Three Emotions to Check to Succeed! - page 11. (Read 2446 times)