Topic: Trading, emotions and your fine selves (Read 1529 times)
I think in trading we can not completely erase emotions but we can make some trading decisions that will help our emotions and put us in profit. The panic is our worst enemy every time we see the downward movement of Bitcoin we can not help ourselves to sell instead of waiting for the downtrend to end and waiting to recover within the market.
I will make decision that is not comes from my emoitions
because if this thing may happen all decision will have conflicts because it is not well planned and well decide in the goals you have.
Sure because in trading we cannot listen to our emotions and our feelings, in trading you will have to focus on your mind and do what your mind tells you to do, because price of bitcoin trading coin never remain the same, if the price will be fallen you can get distracted of you will listen to your emotions, patience is the only way to get better output from your investments. because if this thing may happen all decision will have conflicts because it is not well planned and well decide in the goals you have.
Good money management helps a lot to stay calm. Proven strategy and solid research too. About emotions, there are a couple of books I like. They called "Trading for a living" and "Disciplined trader"
emotion is also needed to give courage to us, because when trading continues to see there is a high Buy Wall from Sell Wall, then there you buthu emotion for the bravery Buy Ask, because if you do not have emotions like that then you will miss the train.
because of my experience in trading, when Buy Wall higher than sell, then the coin is square off will rise its price.
because of my experience in trading, when Buy Wall higher than sell, then the coin is square off will rise its price.
I will make decision that is not comes from my emoitions
because if this thing may happen all decision will have conflicts because it is not well planned and well decide in the goals you have.
because if this thing may happen all decision will have conflicts because it is not well planned and well decide in the goals you have.
Actually in all aspects we should be professionals and don’t bring all the conflicts that may occur since it will lead us to obtained a uncertainly result that cannot help us for your investment.
Who here feels they have a handle on their emotions when it comes to trading or holding?
I think it's an area that many people like to feel that they've mastered, but if they saw playbacks of their actions a while down the line it would be screamingly obvious that they haven't.
To give a personal example I have a few XEMs. A few months back I was looking to consolidate all the crypto threads I had lying around so looked into selling a sizeable chunk as they'd been pretty stagnant for a while.
Being a bit dim and easily distracted I forgot about it and so stuck around for a 20-25x rise. Had my concentration held I probably would've gotten rid of them and would now be wailing and puking. In that particular case boredom and impatience nearly got the better of me.
There are countless examples on this forum of people declaring things dead or emphatically stating that such and such price will never happen again and giving up. Same goes for people going all in at the peakiest of peaks.
Have you yourself found your emotions tripping you up or are you an emotionless trading terminator?
I think it's an area that many people like to feel that they've mastered, but if they saw playbacks of their actions a while down the line it would be screamingly obvious that they haven't.
To give a personal example I have a few XEMs. A few months back I was looking to consolidate all the crypto threads I had lying around so looked into selling a sizeable chunk as they'd been pretty stagnant for a while.
Being a bit dim and easily distracted I forgot about it and so stuck around for a 20-25x rise. Had my concentration held I probably would've gotten rid of them and would now be wailing and puking. In that particular case boredom and impatience nearly got the better of me.
There are countless examples on this forum of people declaring things dead or emphatically stating that such and such price will never happen again and giving up. Same goes for people going all in at the peakiest of peaks.
Have you yourself found your emotions tripping you up or are you an emotionless trading terminator?
Emotion control is important part from trading world, if you don't have it never enter the market. If you can control your emotion it means you can still follow and obey your rules, even you fail, you only get loss in minimum number. One of the best way to control emotion is leave the market when price reach our stop loss/ take profit point and never go back again. I already do that and even sometimes still loss, my capital is grow up slowly but sure.
Emotions are the essentials to human mind and conscience but for money matter some may not be mindful to this matter example if you have lots of lots of money then even if you put millions to it you will not feel anything because of your state. Your state matters when you trade however for those people that has enough money to go through their life then they can't afford to lose money when trading.
Trading is not a job for weak people. If you are just a normal trader, you cant control or follow the market easily. whales and sharks always make the difficult situations and you can be confused or FUD easily. Try to prepare knowledge as much as possible. If not, you can lose your money
If you want to be successful at something then you need to out such effort to reach your destination.Trading is not for everyone but it is for the people who is willing to take risks.But don't get much interested in trading if you don't want to give much time to make money.
Trading is not a job for weak people. If you are just a normal trader, you cant control or follow the market easily. whales and sharks always make the difficult situations and you can be confused or FUD easily. Try to prepare knowledge as much as possible. If not, you can lose your money
If you want to be successful at something then you need to out such effort to reach your destination.Trading is not for everyone but it is for the people who is willing to take risks.But don't get much interested in trading if you don't want to give much time to make money. 
Thats why I try to use bots when trading. They do not have emotions. They trade depending on the market and the charts. In which case without a doubt they are better than almost all humans trading, we tend to put our emotions into trading but bots do not have emotions and they trade without any human feelings. One of the biggest reasons why bots are profitable compared to almost all humans.
Erm, but are your bots not trained to react to market conditions which are often prone to human fallibility? There seem to have been more than a few people wiped out by their bots going insane when their masters weren't looking.
I don't know much about them so I could be completely wrong.
Well, to be honest, I agree that I am really a trader with high emotions and it took me tons of efforts and almost 4 years to control my emotions when I am taking the trades. In the starting days of trading, I didn't understand what is trading and how emotions come in my way of profits, what are their causes and how it can be avoided. At last, I started preparing a total blueprint for controlling my emotions and even today sometimes I feel tough to fight against emotions when I am trading.
Trading is not a job for weak people. If you are just a normal trader, you cant control or follow the market easily. whales and sharks always make the difficult situations and you can be confused or FUD easily. Try to prepare knowledge as much as possible. If not, you can lose your money
hard to build self confidence in trading or holding , that part really what we need because we can know where our asset's will go , and when we dont have it we all just become panic buyer and seller
Thats why I try to use bots when trading. They do not have emotions. They trade depending on the market and the charts. In which case without a doubt they are better than almost all humans trading, we tend to put our emotions into trading but bots do not have emotions and they trade without any human feelings. One of the biggest reasons why bots are profitable compared to almost all humans.
There is still a human being behind any bot which first presses the Start button and then the Stop button. Bots are useful in cases where you need fast reaction times such as arbitrage or tight buy-sell loops. But apart from that, it is still emotional trading even if the bot places the orders for you. It may help a little, but ultimately if you have a winning strategy it doesn't matter whether you trade manually or automatically (unless, as I said, response times are involved). If you can't come up with such a strategy, losses will be the same.
The Cryptomarket is changable, it is nearly unreal to program bot correct + huge competition etc
in my opinion the worst thing in trading is to listen to other people hyping something up. it is also indirectly related to emotions in trading.
there are many people in the trading world that will always get carried away with what they read especially on this forum. for example if there is hype going on about an altcoin they will run to buy that altcoin.
there are many people in the trading world that will always get carried away with what they read especially on this forum. for example if there is hype going on about an altcoin they will run to buy that altcoin.
Yes i agree,most investors usually depend to others analysis in short they have no self confidence that can cause to panic then the result is a big loss, in trading just be yourself with your knowledge and skills you can do it,one thing to remember in this job, Dont let your emotions overtake You.
Thats why I try to use bots when trading. They do not have emotions. They trade depending on the market and the charts. In which case without a doubt they are better than almost all humans trading, we tend to put our emotions into trading but bots do not have emotions and they trade without any human feelings. One of the biggest reasons why bots are profitable compared to almost all humans.
Erm, but are your bots not trained to react to market conditions which are often prone to human fallibility? There seem to have been more than a few people wiped out by their bots going insane when their masters weren't looking.
I don't know much about them so I could be completely wrong.
Thats why I try to use bots when trading. They do not have emotions. They trade depending on the market and the charts. In which case without a doubt they are better than almost all humans trading, we tend to put our emotions into trading but bots do not have emotions and they trade without any human feelings. One of the biggest reasons why bots are profitable compared to almost all humans.
There is still a human being behind any bot which first presses the Start button and then the Stop button. Bots are useful in cases where you need fast reaction times such as arbitrage or tight buy-sell loops. But apart from that, it is still emotional trading even if the bot places the orders for you. It may help a little, but ultimately if you have a winning strategy it doesn't matter whether you trade manually or automatically (unless, as I said, response times are involved). If you can't come up with such a strategy, losses will be the same.
Holding coins is not easy emotionally. Even you dont want to stress yourself from the daily monitoring of trading, your brain cant help thinking what would be the status of your coin is. Even you dont admit it, youre still wondering everytime and tempted to see what would be the value of the coins from time to time. And also the decision whether to stop holding or not. We cant help thinking either.
If I think the emotion of something that can not be controlled is the main reason why I should take care of myself while trading, because this is not an easy task and I can not handle my emotions while holding but when trading is impossible for me to always stay calm.
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