Very correctly stated. Indeed these emotions must be tackled to be able to make consistent profits and become a professional trader, human emotions by instinct are there to make them weak in the world that is not controlled by emotions and which doesn't care if they keep you happy or not, so in the battle of fact and emotions, fact should win.
You can achieved that by keep practicing in your everyday life, conditioning your mindsets that fact should be the one who controls everything will overpower your emotions, success will follow if you will take it seriously. Emotion though is hard to control but if you do have the determination and self will chances is more higher there are already people who manage to do the same so better to think about it by yourself.
Topic: Top Three Emotions to Check to Succeed! - page 2. (Read 2446 times)
Very correctly stated. Indeed these emotions must be tackled to be able to make consistent profits and become a professional trader, human emotions by instinct are there to make them weak in the world that is not controlled by emotions and which doesn't care if they keep you happy or not, so in the battle of fact and emotions, fact should win.
You can achieved that by keep practicing in your everyday life, conditioning your mindsets that fact should be the one who controls everything will overpower your emotions, success will follow if you will take it seriously. Emotion though is hard to control but if you do have the determination and self will chances is more higher there are already people who manage to do the same so better to think about it by yourself.
Very correctly stated. Indeed these emotions must be tackled to be able to make consistent profits and become a professional trader, human emotions by instinct are there to make them weak in the world that is not controlled by emotions and which doesn't care if they keep you happy or not, so in the battle of fact and emotions, fact should win.
Even if you know lot of trading setups and strategies, you cannot execute it very well without confidence. Confidence is the source of our guts and we can take many risks as much as we can if we have confidence. Confidence is something created, we cannot get it easily for sure and I'm aware that many people are struggling because of lack of confidence.
Confidence without a doubt is necessary for a trader, look when we decide to trade we are putting money that in many cases has taken us years to gather and we are doing all of this with the hope that we have read the market correctly and we are going to earn money with our strategy.If you do not have confidence then it is going to be almost impossible to make any trade since you will always be second guessing yourself, at some point you need to trust in yourself and make the trade and without confidence it will be impossible to hold your coins for the long term and that is essential to make money in the markets.
Confidence is really a must but having overconfidence on oneself will not bring any good at all. We might commit mistakes and fail most of the time but if we try to control our emotions as much as we can, then it's more likely that we will gain positive result in the end.
Should be aware of too underestimating things aswell, I've read some people with dunning kruger effect could have an inflated self-assessment towards their own capability and that's a really bad thing and being overconfidence will just become a catastrophe to oneself. It's always our ability to read the current circumstance and be aware of it before being confident. Though sometimes I think that being overconfident and greed always correlate to each other.
Confidence is really a must but having overconfidence on oneself will not bring any good at all. We might commit mistakes and fail most of the time but if we try to control our emotions as much as we can, then it's more likely that we will gain positive result in the end.
Should be aware of too underestimating things aswell, I've read some people with dunning kruger effect could have an inflated self-assessment towards their own capability and that's a really bad thing and being overconfidence will just become a catastrophe to oneself. It's always our ability to read the current circumstance and be aware of it before being confident. Though sometimes I think that being overconfident and greed always correlate to each other.
Emotions come from the fact that we don't know how to control them. And the control of emotions comes from consciousness. To be able to use consciousness, to control emotions, you need to use meditation. It really helps to learn to concentrate and not be distracted by unnecessary emotions. Or you can just try to notice it every time when you have negative emotions and thoughts. After a while, you will learn to switch attention from such emotions to something that you are doing at the moment.
People can never do anything at once He has to try slowly to succeed. Because if you do not get frustrated when obstacles will come before you succeed you will have to control your feelings and move forward. Before you can succeed in business you need to control emotions and keep your head cool The only way to be successful is to control emotions.
Sometimes emotions can go to us to our sucess and our failure it depends on we are handle it for sure we do not know how to control our emotion it can cause a bad effects on what we are doing but if we know our limits and know to manage our emotions they have a big possibility that we are going to success and achieve what we want.
Emotions are tough to handle. When it regards to trading it's hard to control when the market is on shit, and no one has an idea on what's happening, For example, the coin that you are holding dumped for no reason the only thing that you are going to do is to sell because that's the only option you think. Then you do it, that's because of the emotion. Emotion is hard to handle the same with success, and I think a very few people are managing their emotion so that they are rich today. Confidence is really a must but having overconfidence on oneself will not bring any good at all. We might commit mistakes and fail most of the time but if we try to control our emotions as much as we can, then it's more likely that we will gain positive result in the end.
Should be aware of too underestimating things aswell, I've read some people with dunning kruger effect could have an inflated self-assessment towards their own capability and that's a really bad thing and being overconfidence will just become a catastrophe to oneself. It's always our ability to read the current circumstance and be aware of it before being confident. Though sometimes I think that being overconfident and greed always correlate to each other.The best thing is to balance all your emotion because if something is too low, it will not be alright. If something is too high, it will also not be alright, and If you are maintaining your emotion, then you are good to go to, every market crash that is going to happen I am sure that you can handle it.
if you have a strong knowledge in trading or investment, confidence is not a problem that is an issue there is your strategy, someone has different strategies for success, you must understand yourself
I dont think confidence comes from knowledge of trading. one can be theoritically very strong in trading but does that make then a confident one? Rarely a person of this sort would actually be trading. They would apply for a post of financial manager who are literally involved in pumping and dumping coins by whales acting as middlemen between whalesI'm not even sure anyone can be "theoretically strong in trading"
To me, it would feel like a very high degree of sarcasm if someone addressed someone else in that way. Just imagine a person being referred to as "a very knowledgeable boxer" who never actually fought a round in the real ring. Could we call him a boxer at all? I guess, no, and the same is equally applicable to trading. You can be a strong trader only if you trade successfully in real markets, and that means genuine, first-hand experience
Sometimes emotions can go to us to our sucess and our failure it depends on we are handle it for sure we do not know how to control our emotion it can cause a bad effects on what we are doing but if we know our limits and know to manage our emotions they have a big possibility that we are going to success and achieve what we want.
Managing emotions is not as easy as we imagine, and this emotion is the most important thing in determining success in the crypto world. especially with high fluctuations, can make psychological disturbed, so we must be able to control it so as not to panic
When I invested in Bitcoin I didn’t do it because I had plans to make lots of money. I was only told that BITCOIN is a peer-to-peer method of transaction and that it has "some" volatility. So, I decided to make use of it and funded my Coinbase wallet with some money that I can be using for some transaction, I was also able to receive some money through. Was surprised when it started fluctuating heavily and when I noticed that I was accumulating a good amount of profit, I decided to invest a bit more than what I had then, and the next thing a bull run came and I was made even more profit.
There were also times that I lost a percentage of my money. Anyone that is buying Bitcoin should take away greed completely because it’s never going to work out, you’re just going to mess yourself up.
There were also times that I lost a percentage of my money. Anyone that is buying Bitcoin should take away greed completely because it’s never going to work out, you’re just going to mess yourself up.
if you have a strong knowledge in trading or investment, confidence is not a problem that is an issue there is your strategy, someone has different strategies for success, you must understand yourself
I dont think confidence comes from knowledge of trading. one can be theoritically very strong in trading but does that make then a confident one? Rarely a person of this sort would actually be trading. They would apply for a post of financial manager who are literally involved in pumping and dumping coins by whales acting as middlemen between whales.But then those who are jumping in to trade are mainly risk takers not looking for a stable income from trading itself. Whether they are confident about a certain investment depends on their belief or how stubborn they may be.
He is probably referring that with knowledge comes confidence. When you know more about something you feel more confident about and around that. It's human psychology, it works every time. We can speak about human stupidity and mistakes in crypto trading, but we will get nowhere. Crypto market is new for many people, many of us jumped in this without any knowledge about the economy, trading and other stuff, and normally many lost money in that process of learning. The bottom line is that some people learn and find a way to make a profit, some never do.
if you have a strong knowledge in trading or investment, confidence is not a problem that is an issue there is your strategy, someone has different strategies for success, you must understand yourself
I dont think confidence comes from knowledge of trading. one can be theoritically very strong in trading but does that make then a confident one? Rarely a person of this sort would actually be trading. They would apply for a post of financial manager who are literally involved in pumping and dumping coins by whales acting as middlemen between whales.But then those who are jumping in to trade are mainly risk takers not looking for a stable income from trading itself. Whether they are confident about a certain investment depends on their belief or how stubborn they may be.
Sometimes emotions can go to us to our sucess and our failure it depends on we are handle it for sure we do not know how to control our emotion it can cause a bad effects on what we are doing but if we know our limits and know to manage our emotions they have a big possibility that we are going to success and achieve what we want.
In trading, you can experience a lot of emotions before you are going for trading. If you are beginner, you will feel a lot of excitement on your body because this is the time that we are now included to the world of cryptocurrency, and then after you start your trading and investment, you will feel of some doubting and worried on your self because this is the time that we are thinking are we going to get a lot of profit or do we lose our money if we win our trade this gives a lot of glad and being thankful because our hard work earn a lot of money, but if we lose it is better to think positively even we lose some percentage of our money, it is better than receiving back of nothing. Always trust of all our trades to attract more positive vibes and gives us a lot of confidence.
That's why as a beginner you should just trade the amount of money you are willing to give up and consider it as your training fee if ever you lose it, and don't be too serious when you lose from your training as even the experts are losing money too, so it is a gamble, so you should always be careful with what you are doing, think well and focus on it.
In general, this key rule applies not only to novice traders, but also to experienced traders.
I would not recommend beginners to trade for real money at all. It is obvious that because of the mistakes made, the probability of losing this money is very high.
Then why? You can work out all the basic techniques on a demo account.
In trading, you can experience a lot of emotions before you are going for trading. If you are beginner, you will feel a lot of excitement on your body because this is the time that we are now included to the world of cryptocurrency, and then after you start your trading and investment, you will feel of some doubting and worried on your self because this is the time that we are thinking are we going to get a lot of profit or do we lose our money if we win our trade this gives a lot of glad and being thankful because our hard work earn a lot of money, but if we lose it is better to think positively even we lose some percentage of our money, it is better than receiving back of nothing. Always trust of all our trades to attract more positive vibes and gives us a lot of confidence.
That's why as a beginner you should just trade the amount of money you are willing to give up and consider it as your training fee if ever you lose it, and don't be too serious when you lose from your training as even the experts are losing money too, so it is a gamble, so you should always be careful with what you are doing, think well and focus on it.
Agree with your views, I always fail in this market by my greed. I have held a lot of altcoins since the beginning of 2018 and in the hope that the price will quickly surpass the old ATH because the market is getting excited. But the result was a series of altcoins I held collapsed and I did not cut losses. I still keep my opinion, the price will definitely go up soon. And so far most of those altcoins are dead, and my greed has made me lose a lot
I think many friends here have experienced like you, including me. our greed when seeing the market continues to rise as if making us forget that the market can collapse at any time. especially at that time there were no candle prisoners to the left of the candle at this time. regret is allowed, but we must be able to fix it
Confidence is really a must but having overconfidence on oneself will not bring any good at all. We might commit mistakes and fail most of the time but if we try to control our emotions as much as we can, then it's more likely that we will gain positive result in the end.
Should be aware of too underestimating things aswell, I've read some people with dunning kruger effect could have an inflated self-assessment towards their own capability and that's a really bad thing and being overconfidence will just become a catastrophe to oneself. It's always our ability to read the current circumstance and be aware of it before being confident. Though sometimes I think that being overconfident and greed always correlate to each other.In trading, you can experience a lot of emotions before you are going for trading. If you are beginner, you will feel a lot of excitement on your body because this is the time that we are now included to the world of cryptocurrency, and then after you start your trading and investment, you will feel of some doubting and worried on your self because this is the time that we are thinking are we going to get a lot of profit or do we lose our money if we win our trade this gives a lot of glad and being thankful because our hard work earn a lot of money, but if we lose it is better to think positively even we lose some percentage of our money, it is better than receiving back of nothing. Always trust of all our trades to attract more positive vibes and gives us a lot of confidence.
Agree with your views, I always fail in this market by my greed. I have held a lot of altcoins since the beginning of 2018 and in the hope that the price will quickly surpass the old ATH because the market is getting excited. But the result was a series of altcoins I held collapsed and I did not cut losses. I still keep my opinion, the price will definitely go up soon. And so far most of those altcoins are dead, and my greed has made me lose a lot
I think many friends here have experienced like you, including me. our greed when seeing the market continues to rise as if making us forget that the market can collapse at any time. especially at that time there were no candle prisoners to the left of the candle at this time. regret is allowed, but we must be able to fix itJump to: