Top Three Emotions to Check to Succeed! - page 8.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: xSkylarx on July 25, 2019, 04:20:51 AM

That is the most difficult part. It's like you battle with your own self overcoming your emotion preventing to get ahead of you. It is not easy because it is part of the human nature, we aren't easily contented and crave for more.

Hence the reason the retard remain retards and the wise people dominate over them. Those who can control their emotions to a good extent are able to do things that others cant imagine and thus they think that the former must be god-like. Its not impossible to be a trader with a cold heart and only money making methods in mind if you have the proper psychological background and dont break under pressure.

However you can start by doing a risk management so you know that even if you lose all the money you invested you would still not be a be in a huge loss. I think this is one of the basis of the bad emotions coming in since it is not done properly. The what the OP mentions comes into play.

gabbie2010

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Overconfidence in all aspect of trading, sport etc has a bearing effect thus one have to be very careful and disciplined as being analyzed by the OP I also agreed with him on the greedy outcome in trading because I am also victim of greediness I once supposed to sell some bitcoin at a higher price but declined hoping for a further pumping I was quite disappointed that the price dumped consequently selling it with a small profit above all fear is also a factor that needs to be overcome I feared some time when I am supposed to buy at low thinking that the price will dump further while price reverses.

kingpin4321

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Quote from: Becky666 on July 24, 2019, 11:18:24 AM

Emotion to me is a thing to get ride off because it can pull or push anyone into what they never wanted in life. Most importantly, emotion should be control towards succeeding in this cryptocurrency world, if emotion are not been control there's the possibility of given up on the industry due to it volatile nature.

In summary of your reply emotions can do good and bad. It's can not be left out. Emotion is a part of the human anatomy we are not electronic robot we have feelings and spontaneously let is show.
We can know our emotions and know which field that emotions will compliment our emotions

sana54210

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Quote from: okala on July 15, 2019, 04:14:43 AM

Quote from: mersal on July 14, 2019, 06:57:34 AM

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.

To commit yourself to follow some trading principle is hard and that is why only those that really do succeeded. We have many good advice on trading at this forum but to actually do those advise or implementing them when you are face to face with investing or trading decision is hard.

Those advises are part of the learning stage and without taking those advises into consideration, there is no way one can gather enough strategy, because whoever is given those advises did so based on experience, and one of the best way to learn is to learn through other people’s experience also.

Trading is not so easy, it is not something one can just dabble into without having better understand and knowing the pro and con of it. Just recently, I applied a particular method to my trading which I got the advice from this forum, on a normal ground, you could overlook it easily and think what would journal do, but I took step to apply it and sine I have been keeping journal, it has really been of immense help to me.

Devotionless

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Those who combine the state of no emotions but rather pure logic with long term planning and perseverance will win.

daarul50

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Of the three emotions above which I have become very concerned about is greed. Even though we need greed to get success but if the greed is too excessive, then it is not the success we will get but the deterioration that we will get. Geed will be very beneficial for people who want success when the nature of greed is combined with patience.

reality18

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Of course, emotions play a part in the success of ones investment career. Greediness, fear, excessive confidence, doubts etc can blind the an investors ability to make well analyzed decisions towards when to buy, how long to hold and when to sell to make profit. Investors must learn to keep such emotions under control although they cannot be eliminated completely.
Aside all these, an investor must always invest what he can afford to lose.

Bitcoin Seller

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Quote from: Gibreil on July 17, 2019, 06:23:53 PM

Actually, we can never control them instantly.
As Sigmund Freud stated on his 3 components of personality, we have id, ego and superego.

Id is our subconscious, we are dreaming of the thing or event that we really want to happen. Just like dreaming to be a millionaire in just one moment trade. With that case, we becomes greed. We will just control it if we our superego reacts. That happens when we balance our emotions and satisfy our desire.

Greed can be controlled. If we manage to do it, trading will be the better success than before.

Actually, I have some problems with other emotions when investing and trading. First of all, it is great excitement, especially, when I see that the altcoins I trusted are going up. Here, it is much better to have a clear head and not follow happy emotions, otherwise, a mistake will be done.

davis196

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Greed can be good,because it forces you to do something,in order to make more money.
Confidence is a big part of success.The lack of confidence can ruin your life.
I agree that fear can damage your trading performance,but it's a natural emotion,and often it keeps you from taking stupid risks.

deisik

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Quote from: CryptopreneurBrainboss on July 25, 2019, 01:21:56 AM

That's quite true but if you did read OP comments associated with the third emotion listed above you would understand that he meant the bad aspect of confidence tagged over confidence and not the good kind. Not forgetting the popular saying, "too much of everything is bad and what does have a good side also has its bad side". Over confidence is a silent killer and can cost you, your capital when investing if not handled properly, so OP is right in highlighting it as an emotion to put under control although what he should have written is over confidence and not just confidence, as those who just skimmed through OPs before replying might cause them to misinterpret the intended message

But there's a catch (more like catch-22 really)

As the saying goes, it is easy to be wise after the event, and while you can easily determine when you feel fear or greed (or any other emotion, for that matter), then at least try to do something about it, it is impossible with overconfidence (and that also explains why it is not an emotion at all)

Really, how do you know in advance whether you are in fact overconfident or just being rightfully confident? You can only judge yourself after being proved wrong in your attitude. Otherwise, you have all the reasons to say that you were just confident what the market confirmed and validated

wahyu wida

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Quote from: okala on July 15, 2019, 04:14:43 AM

Quote from: mersal on July 14, 2019, 06:57:34 AM

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.

To commit yourself to follow some trading principle is hard and that is why only those that really do succeeded. We have many good advice on trading at this forum but to actually do those advise or implementing them when you are face to face with investing or trading decision is hard.

self-improvement plays an important role in achieving success. globally, many people lose out due to mistakes from controlling emotions. they have no firm attitude to decide when an urgent situation. therefore discipline is the first step to success

CryptopreneurBrainboss

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Quote from: Sharon121212 on July 24, 2019, 04:20:32 PM

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I think confidence is a good emotion to keep it helps you make decisive decision and stand by them without flinching or double minded

That's quite true but if you did read OP comments associated with the third emotion listed above you would understand that he meant the bad aspect of confidence tagged over confidence and not the good kind. Not forgetting the popular saying, "too much of everything is bad and what does have a good side also has its bad side". Over confidence is a silent killer and can cost you, your capital when investing if not handled properly, so OP is right in highlighting it as an emotion to put under control although what he should have written is over confidence and not just confidence, as those who just skimmed through OPs before replying might cause them to misinterpret the intended message.

bering

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In my view if all of it implement to crypto trading or invest at crypto world then from those three list i think the most dangerous emotions is greed because you will never satisfied with what you get and want more and more but eventually that emotions will ruin yourself

justdimin

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I still can't get over that fear, its not really that easy to overcome such a feeling. I mean we are in bitcoin world and I know many people here are joining here with their investments and do trades and what not but some of us here like me live in crypto world as a whole. I work here, I make my money in crypto and I have been in crypto for years, I do not have a fiat life of my own.

So, when bitcoin goes up a lot then I make a decent amount of money and can survive, if bitcoin prices go low then I can't and I am in big trouble, that is why I always try to stay in either tether or fiat because even though I love the feeling of making money out of nothing when my bitcoins go up in value I also can't afford to lose money when they go down hence I keep selling. Fear is something you can't get rid of that easily.

haidil

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Quote from: princesspoppy on July 15, 2019, 09:03:31 AM

It is true that these three emotions are our real enemy in trading even in investing. It is really hard to control this emotions most especially greed. Greed is a human nature and we can't help ourselves to feel this emotion especially if it involves money which is one of the most wanted thing in life. Most of us wanted to totally remove it but we can't, all we can do is to control it and have self-discipline, which is also hard to do to some people.

to overcome this is indeed difficult because fighting emotions is not easy in trading, because the greedy nature of humans is difficult to eliminate

Aero Blue

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"There are many things that we would throw away if we were not afraid that others might pick them up." - Oscar Wilde

Point: Don't give into peer pressure or let people force you into doing things you normally wouldn't. Free yourself.

princesspoppy

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It is true that these three emotions are our real enemy in trading even in investing. It is really hard to control this emotions most especially greed. Greed is a human nature and we can't help ourselves to feel this emotion especially if it involves money which is one of the most wanted thing in life. Most of us wanted to totally remove it but we can't, all we can do is to control it and have self-discipline, which is also hard to do to some people.

deisik

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Quote from: o48o on July 24, 2019, 04:09:47 PM

Quote from: sheenshane on July 18, 2019, 04:34:56 AM

I am related to confidence right on this statement, last week the market had a good condition and upward situation that's why I didn't sell my token from the project that I participated and I am felt a confidence that it will go up a little more. But now, s**t almost 40% from holding had lost but I'm not losing hope and confidence that it will back to normal situation. I am not greed but isn't bad if we looking more profit than we expected.

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.

On the last bear market the patience was a word that some people who were afraid to cash out were throwing around, like "be patient and wait for x years". I might have been one of them. When in fact it would have been better for people some to sell, and the patience comes to picture when you patiently have to wait until the bear market is over and don't get fomoed in before that

And what's the lesson to take home?

Right, that patience itself doesn't mean a thing. To put it differently, you can be patient as rock and still lose. On the other hand, you can be impatient as wind and nevertheless book profits regularly. As they say, it all depends. At times you should wait patiently, while at other times you should react promptly. And if you know what you are doing (not just imagine that you do but actually know), then the whole problem is effectively taken out of the equation as you will act as required by the market situation - fast or slow

okala

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Quote from: mersal on July 14, 2019, 06:57:34 AM

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.

To commit yourself to follow some trading principle is hard and that is why only those that really do succeeded. We have many good advice on trading at this forum but to actually do those advise or implementing them when you are face to face with investing or trading decision is hard.

Sharon121212

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Greed being a part of the emotions to curtail yes I Can relate to that but fear and confidence being there at the same time is very much contradicting yourself.
I think confidence is a good emotion to keep it helps you make decisive decision and stand by them without flinching or double minded

Topic: Top Three Emotions to Check to Succeed! - page 8. (Read 2412 times)