Topic: What can be the best way of controlling emotions while trading ? (Read 259 times)

It was not just trying to control your emotions but pushing it until you look like a robot with no feelings anymore. But we should have to do this? I think, not. We don't need to be perfect in trading as it was impossible but we can do better in trading even though we have emotions and the only thing we can do is not so hurry in making a decision, it should be analyzed well. This we what we usually missed, we keep rushing and so it fails and makes wrong calls.

I'll simply concur with what Osho said...set your limits and make sure to have some discipline
GREED is man's worst enemy in the field of NECESSITY...I mean, if you're a type that's very indecisive and Impatient,(most especially when you're tensed up) then you'll end pushing too hard that you won't even know when you got 'em funds busted - either by some creepy projects or in BTC; when you actually become a bull in a bear market...lol
It's also good to map out time to study hard for proper orientations on trading issues...but this isn't even for some newbie that just got into the system anyways..

Sandra 🧑‍🦰

This your question would be best if you ask it I'm the trading section but nothing bad. It just that you may not get the kind of opinion compared to when it is in the trading section. Based on your question, one of the best possible way for us to get over emotion when trading is to try as much as possible to trade understand and pro trader. That is when we can learn from traders who had been in the market for a long time and also have passed through the same process that you are experiencing. You can also work on your psychology as a trader to get the best out of the market.

People will still tend to make mistakes when they make decisions when their feelings are driven by emotional attitudes, and they will still make wrong decisions and also be caused by excessive ambition, maybe the way to control them must be able to control themselves first by tightening their sense of discipline, and being able to restrain their feelings, these situations are hard to come by when they continuously follow their ambitions.

In general, they have to take time to deal with their emotional attitude, one of which is to revise the trading strategy that has been planned as possible. and fully they must learn to be able to survive when emotions run high.

If I could know the simple answer to that question then I would be the biggest trader of the era, Well, all I can say is make a plan to get your targets to hit and make multiple target points so that when you put your money in trade and started to make your profit then you should now fall greedy for more money which in some cases work out but mostly not.

Overall, you have to control your emotions so that you should not be played by market sentiments (manipulated sentiments) just like the schemes of airdrops when one big airdrop brings big profits, phishing airdrops come into the market to create fud and scam people. I have covered the topic of not falling prey to these 4 market sentiments to save your BTC which will give you a broad view of what you should not do in the hype of market.

The best practice is to:

• Set the timespan for which you will close your trade
• Target point to hit regardless of the news cycle (good news)
• Confirm every news you hear before acting upon it blindly,
• Try to control your anxiety and grow your risk management skills by implementing strategies
• Keep your body healthy and keep it some time out of the market influence because when you will be fresh you will think better and can decide better.

there are usually many ways to control emotions, namely meditating before starting your trading, empty your mind first, and don't forget to always think positively before starting your work or when you are about to start monitoring crypto trading.
By emptying your mind when you want to work, you are usually more relaxed and have more stamina, and one more point, don't forget to get enough rest so that your body is healthy.

Patience will be one of the best ways of controlling emotions while trading. You will be faced with two sides when trading, profit and loss. When you are in a situation that is not profitable, patience will play its role. Patience will allow you to control your emotions and can lead to the original goal so as not to do something unplanned. Not everyone can control their emotions, especially when conditions are unfavorable, but patience has an important role in preventing you from making the wrong decision.

try to stay focused on what you have planned from the start of your trading, or even your investment. many traders and investors are in too much of a rush to get into the market. but after seeing the price movement, they panicked with the situation that happened.
if we want to train our emotional control, I think long term investment is the first step. if you still haven't mastered it, it's better not to enter the trade first. it is very likely that you will still find it difficult or even frustrating if the trading situation you are doing continues to go against your plan.

Emotions are not easily controlled or overcome. Your emotions can enter in trading at any time and change everything you've decided on, altering your decision-making process. Controlled Emotion is very important in trading because the benefits far outweigh the drawbacks. Trading requires a prepared mindset in order to stay focused in the market even when things don't go as planned. This will give you a better direction and a better perspective in trading, which you can use as a blueprint to always follow while trading.

Trading for the first time may not be ideal for you, but at least you learned something useful. The first time you traded may not have been the best for you, but at least you learned something that you can use the next time you trade to avoid red flags. Bringing emotion into trading can be beneficial in some cases, but it is usually a bad idea.

There is no instant way to control emotion. It requires a lot of time and effort to have good control of emotions. If you already trade for months or years, then you can control your emotion well. So, the answer to your question is your experience. The more you get experience in trading, you become easier to control emotions.

However, experience a lot of time in trading won't automatically make you have good control over emotions. It is through constant learning to control emotions. You must learn how to deal with emotion in any situation, both when you are in profit or in losing.

Just try to practice yourself trading with small amount used for sure for this way you can practice your self to extend your patience on things happen on the market. Also if you are a consistent trader you can just develop this attitude over time since your experience is big contributor on what actions you do on the trades you execute. So keep practicing more and focus to learn more technicalities on your trade so that you became a skilled trader.

The simplest thing before you make this one thread is, have you ever tried to search on Google with the keyword trading psychology?
Emotions are one that is very difficult to control, especially if you don't know how to manage them properly. Managing your emotions is advice, but read this one, and I hope you pick up on a few things.

Trading Psychology: How to Trade Without Emotions

I don't really see a way in which one can control emotions,reember emotions deals with what we feel,and there is no way we can do without feeling something,or someone.
When an action is taken,one must definitely think about the action he took,and must either react to it negatively or positively.If it is negative,it is when we start regretting what we have done.and while we react positively is when happiness envelops us may be because the action that was taken has yielded a better result.Therefore,the only thing one can do is to think less about the money we spent while trading,than get worried about it,whether it will bring positive result or negative result.
 

The repetition of something makes it normal in our lives, and if the thing is normal, then the role of feelings in it is less. When you drive the car for the first time, you are nervous, and you may even fail to make it work because of the tension, but when you get used to driving the car, you will be able to operate it without the slightest effort.

Therefore, trading and continuing with it is what makes your feelings distant, or at least reduces their impact. Either reading a book, listening to advice, or trying modeling and other methods will only increase your fear of losing. This fear makes your feelings control you in trading.


To take away what I said:

• Start now, and do not think about reading a book or watching a video that talks about the impact of feelings.
• Do not invest more than you can lose.
• Keep learning and investing, whatever your losses.

Experience is a factor, but I don't believe it's the only thing that can be used to overcome emotion in trading. Another thing to keep in check is greed. Some people become so greedy that they want to make a whole lot of profit in one trade by increasing their leverage. Some want to archive a three-day profit in one day, increasing the risk of losing their asset. In a normal state, they can gradually trade with low leverage and accumulate little profit on a daily basis, but if greed comes into play, they incur more risk that will cause loss. So a trader should not also get too greedy because when they become greedy and incur losses, they may want to recover them out of emotion and end up with more losses.

just as Oshosondy has stated. I believe a trader can be led by greed  towards increasing their leaverage.

Being mentally prepared for trading is the best way to control emotions.

You will be in charge of controlling your emotions by setting goals for yourself and ensuring that you achieve them.
Patience is the key to emotional control; if you invest in an amount you can afford to lose while remaining patient by sticking to your plan regardless of market conditions, you will be able to control your emotions.
Furthermore, avoid constantly checking your wallet or the crypto market to see price movement; this will cause panic and affect you emotionally.

as other members have said, Discipline yourself. you might have all the plans, rules, goals, etc... already laid out but if you can't follow them then it will all be a waste. also, as much as possible only trade the money you can afford to lose. losing money that you can't afford to lose might make you chase after them and could result in further loss.


stop using AI to write a post for you.

There is no better way than to remain focused and follow your mind, this is an act of disciple, many people tend to become weak even after learning all basics of trading, they lose focus and become vulnerable to wrong callings, you can't beat your emotions but you can stay one step ahead of your emotions, the only way to stay one step ahead is to focus on what you do and when winning keeps rolling in, do not get distracted.

Be Confident.

Always Focus.

Remain Disciplined.

The best way for everyone may be different in controlling emotions when trading.
but based on my personal experience, the best way so that we can better control our emotions in trading activities is by making careful preparations before starting the trading activity itself and before deciding which coin to enter as our trading target. careful preparation means you have made a thorough analysis (technically and fundamentally). You have also analyzed the trends in the market by carrying out sentimental analysis (you can help by using several indicators made specifically for sentimental analysis of the market as a whole ex. Feer & Greed indicators). after doing the analysis then you prepare your trading plan. such as determining at which point you will start entering, and at which point you will exit. and what is the ratio of losses that you are prepared to bear. after that run according to plan. while keeping track of news and anything related to the coin you are currently entering. because technical analysis can be inaccurate if it is influenced by news that affects market sentiment.

in conclusion. you have to know where you stand. you enter the trade with careful preparation and planning. and you stick to the plan that has been made. but this is only for short and medium term trading.

for the long term I think we just have to know the fundamentals of a coin properly. and we go in and keep it cool. don't look too often at chart movements in small time frames if you are in a position as a long-term investor. because it can affect your psychology. and you become easily panicked and lose control of your emotions. if it's long term. then look at the chart display in the 4-hour timeframe, daily, weekly and monthly.

this is just my experience. and everyone has different experiences and discoveries. so please do your own analysis. and one more thing, namely a strong mentality in trading will form stronger the longer you trade. because after a few years we will start to get used to all kinds of habits that occur in the market. and we become more sensitive to determine when to enter and when to leave.

The point is you have to be gradual in controlling your emotions. it takes quite a long time to be able to control your emotions.
if during trading you have not been able to control your passions, it means you have much more to learn.
and don't forget to always relax, don't rush.

Only experience can overcome your emotions. If you are confident in your trading strategy, then you should be persistent and confident in your actions. Losing a few of your trades can be frustrating, but you must remember that all traders suffer losses, which means you need to remain calm. The important point is to regularly examine your mistakes and decide how you can improve your plan because, without it, you will regularly get disappointed.

Strategy adherence. Determine your trading strategy and stick to it even if the market starts moving against you. This will help you not act under the influence of emotions and not make spontaneous decisions.
Stop loss setting. Set a stop loss on each position to limit potential losses. This will help you avoid emotional reactions to the market and preserve your capital.
Regular rest. It is important to rest and not spend too much time in front of the monitor screen. Regular breaks will help you maintain clarity of thought and avoid emotional fatigue.

Controlling emotions while trading is essential for success. It's important to stay aware and not get caught up in FUD and FOMO. Develop a trading plan with specific goals, entry and exit points, and risk management strategies based on sound analysis, and follow it strictly. A stop-loss order can help limit losses by automatically closing out a trade at a certain price level. Taking a break when feeling stressed and overwhelmed can help clear your mind before making decisions. It's also helpful to manage your emotions by practicing mindfulness techniques like breathing exercises or meditation. Remember that emotions are normal, but keeping them in check is crucial for successful trading.

To build your confidence, you need to know the many techniques of trading, and the different strategies. Keep up with all the news about the coin you are trading. The amount of cash you will include in trading is a major deciding factor. You are not affected when the coin you are buying goes to zero if you only trade ten dollars. Your ten dollars is not losing value if you do not use leverage trading, do not buy meme coins, or new altcoins with low value and volume and stay away from meme coins.

Practice makes perfect, or brings improvement. To control your emotions you would need to master them and learn how to suppress them in different situations. This is a reason one tries out demo trading before going live, there is not much emotions when you are demo trading cause nothing is at stake, but you get to see possibilities that can play out if you stick to your plan, so when you stake an amount, you know what to expect.

Also trade within your means. As with investing you only need to risk spare money that would not evoke too much emotions.

- Jay -

There is no better way than to discipline yourself and never alter your trading decisions after you have opened a position. Just follow your decision.

The second thing is that you should not use high leverage. This is what makes many traders to continue to lose. I have used high leverage before and the result is panic of liquidation and losses.

Be patient, do not see trading as a job, but see it as something you can do without if talking about your financial life.

Always know that it is better to make a single trade within few time and gain than to make multiple trades and lose.

Use the amount of money that you can afford to lose is also very important.

Like I said before, do not alter the strategy you are using because of emotion.

What can be the best way of controlling emotions while trading ?