Top Three Emotions to Check to Succeed! - page 9.

o48o

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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.

mamahdedeh

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Quote from: NathanJB on July 15, 2019, 12:39:13 AM

Quote from: Seeker#9 on July 14, 2019, 10:30:11 PM

Uncontrolled greed...

I don't know if there is such a thing as uncontrolled greed. If that is something that is moderate and can easily be controlled, that might not be greed at all. Well, greed is something that creeps inside the mind of a greedy person that he/she is altogether brought into a distinct state that he/she cannot anymore think, much less stop himself/herself from doing what is an excessive desire for more.

I think greed is indeed an uncontrollable emotion. only personal can manage it. and this requires a process to improve. obey the target even though whatever happens in the future will be better. even after our target closes, and finally the price goes up again, it will be better, than we lose the profit that has been held

Becky666

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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.

Moshaid

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It's actually not so easy to overcome these three emotions when it comes to trading or investing in cryptocurrency or the general market. With greed, some people are now in millions of thousands while some are below hundreds. Fear is also not easy to overcome because we actually want to invest in quick bucks with or without the fear of getting burnt while confidence Is not easy to come by because the market is volatile, so you can't be 100% confident of the result.

Ludmilla_rose1995

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Quote from: hatshepsut93 on July 13, 2019, 07:43:06 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.

I agree with you. The first time I started trading on the bitcoin exchange, I lost more than profit not because of emotions, greed, fear or very confident. It's just that I haven't experienced trading.

deisik

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Quote from: Darker45 on July 13, 2019, 12:16:04 AM

Admittedly, I am also struggling. But I guess we really need to control them. What do you think?

I wouldn't call confidence an emotion

If anything, confidence is rather a lack of emotions than one of them. Regarding true emotions, i.e. fear and greed, you simply can't keep them in check at all times. Once you experience them, once you feel them, it is too late to put them under control, so you will keep making mistakes when emotional. This is a given as we act based on how we feel, and we just feel right while in the majority of cases we are in fact quite wrong

Emotions allow us to act quickly but not necessarily correctly. They work bulletproof when you have to run from a lion but when you pursue other interests (e.g. trading), they are often misguiding us and affecting our actions as well as decisions in a negative and often fatal way (financially wise)

NathanJB

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Quote from: Seeker#9 on July 14, 2019, 10:30:11 PM

Uncontrolled greed...

I don't know if there is such a thing as uncontrolled greed. If that is something that is moderate and can easily be controlled, that might not be greed at all. Well, greed is something that creeps inside the mind of a greedy person that he/she is altogether brought into a distinct state that he/she cannot anymore think, much less stop himself/herself from doing what is an excessive desire for more.

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Seeker#9

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Anything that is excessive is bad and it's includes the three emotions mentioned by the OP. I also experienced that kinds of emotion when I'm still a beginner and one emotion that hard to control is greed especially when you are excited to make your first profit. Uncontrolled greed will surely result to some big losses and disappointment that may lead up to giving up the trade. Learning to discipline yourself will take time but it's worth the try because it will help you a lot in your future trades.

nur rochid

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Quote from: CryptopreneurBrainboss on July 24, 2019, 10:13:59 AM

Quote from: samputin on July 13, 2019, 05:32:48 AM

Greed really is number 1. I know a friend who has a good signature campaign. But, because it doesn't pay that much, he applied for a different campaign and was accepted luckily. But it only lasted for several rounds which left him with no source of income for a while. And he told me that his reason for changing a campaign was greed.

Don't understand were the tag good signature campaign is coming from if the paid wasn't that encouraging for that your friend to switch campaigns. Were you referring to the product been advertise? If so then it's understandable although changing a signature campaign sometimes has nothing to do with greed. As a quality contributor, knowing you worth in regards to getting paid decently for advertising a product through wearing of their signature ads is vital to reduce the level of spam on the forum

If the previous campaign was paying almost the same amount as the new one but then the new campaign required far less amount of post to be made per week then switching of campaigns in this case has nothing to do with greed.

I agree. replacement of a signature campaign is not a problem of greed or not, but rather indifferent to exploiting opportunities. Is it not in vain if we leave a project and move on to another project? if the regulation can stop in the middle of the road, I think it doesn't matter if we look at other projects more prospective.

shield132

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I want to mention that trading is not for everyone like politics, business and etc. Some people are family guy and prefer to stick with it and others prefer to be involved in activities as much as possible.
Some people prefer to earn normal salary with their work while others prefer to earn as much as possible and conquer world. Not everyone is as ambicious as Trampand not everyone is average guy, you know what I mean.
So why I wrote all of this is that trading isn't for everyone and also in trading I profit because you lose. Everyone can't control emotions, doesn't matter you want or not, human produces some hormons when something happens. When you profit you are more happy and when you lose, you are anxious. During profit, your brain rewards you with dopamine and during loss, you feel stress. You have to overcome all of this and try to get independent from your emotions which everyone can't to do.

MairaObergh

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For me missed opportunities led to fear of missing out. Which led to "greed" but not really greed, more like trying to make up for lost opportunities. Which led to holding to holding too long. And then crash.

Finestream

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Quote from: kingpin4321 on July 23, 2019, 01:15:39 PM

Quote from: Nhebu on July 20, 2019, 01:00:11 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.

They say it's easy to be said than done.But having these negative emotions will likely end up more of losing than gaining profits.So even if we can't fully control them all the time,atleast we try to discipline ourselves so that we will not lose control from our definite goals in crypto.Emotions tend to be inevitable but if we can manage them properly,we can still end up investing and trading cryptos sucessfully.

sana54210

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Hmm, you quite my heart with this, because I find myself in at least two of these weaknesses, although I have been trying my best to work on it and I think I am gradually improving, especially in the aspect of greed and fear.

I am a day trader and most times, I have lost several of my trades to greed because I set too much goal for my trade and once I achieve it to a certain level, I fail to execute the order till I find myself losing so much money, and this brings me down to fear, normally, you get to lose nothing when you don’t sell off your coin, and the moment you panic sell is the moment you count the loss, but anyway, I have learnt to always leave my spot irrespectively of how low the value has dropped because it will eventually get back there one day, since it is not a margin trade.

kateycoin

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We need to control our emotions specially if you are in crypto because many thing happening. Being greedy is a number one that we cut because if continue to being greedy you are the only can suffer its either you lose or you win. Fear is bring you to lose too because if always listen in fud things you turn to nothing.

CryptopreneurBrainboss

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Quote from: samputin on July 13, 2019, 05:32:48 AM

Greed really is number 1. I know a friend who has a good signature campaign. But, because it doesn't pay that much, he applied for a different campaign and was accepted luckily. But it only lasted for several rounds which left him with no source of income for a while. And he told me that his reason for changing a campaign was greed.

Don't understand were the tag good signature campaign is coming from if the paid wasn't that encouraging for that your friend to switch campaigns. Were you referring to the product been advertise? If so then it's understandable although changing a signature campaign sometimes has nothing to do with greed. As a quality contributor, knowing you worth in regards to getting paid decently for advertising a product through wearing of their signature ads is vital to reduce the level of spam on the forum

If the previous campaign was paying almost the same amount as the new one but then the new campaign required far less amount of post to be made per week then switching of campaigns in this case has nothing to do with greed.

marcelocoin

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hi =D

very good and important your theme, thanks for the tips, and are great tips for beginners and people who have lost to your funds!

Darker45

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Quote from: Finestream on July 24, 2019, 09:21:46 AM

Quote from: kingpin4321 on July 23, 2019, 01:15:39 PM

Quote from: Nhebu on July 20, 2019, 01:00:11 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.

They say it's easy to be said than done.But having these negative emotions will likely end up more of losing than gaining profits.So even if we can't fully control them all the time,atleast we try to discipline ourselves so that we will not lose control from our definite goals in crypto.Emotions tend to be inevitable but if we can manage them properly,we can still end up investing and trading cryptos sucessfully.

It is unbelievably easier said than done. In fact, when you are away from the charts and just sharing stories of trading experiences and realizations with your friends, it is quite easy to realize that greed, fear, and confidence should be avoided at all costs. You could even have the gall to give them a serious advice or two. And yet when you are alone, grappling with the prices and the charts and your own analyses, you suddenly feel that such emotions are not cute little puppies but real monsters.

Dreamchaser21

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Quote from: Indrawan77 on July 14, 2019, 08:25:21 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

Its hard not to be greedy when you are earning a lot of money, and in trading or even in gambling greed are more active. We are just humans and greed is normal, this is just a big challenge for us no to play with greed and if we feel the confidence about our decisions, the greed will be gone.

ikicha

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I like greed, went im buying/mining at shitcoin. Because only at there i can get 200-300% with a short trade time, at major coin only gain 20-30% each month. Thats why i really like mining a new coin with a low volume, some times they got a short squeze.

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