Topic: What is that psycological on trading? - page 2. (Read 321 times)
One all known investor said: "My job is to think and not to be influenced by others." This formula can be applied to crypto trading. I have many times been convinced that other people's advice does not lead to good results.
Everything depends on the ability of a participant in trading on the exchange to correctly forecast the rates. To do this, you can use both a fundamental analysis, relying mainly on news related to the interests of crypto-currencies, and trust in technical analysis.
I think that in order to deal with trade, you need to competently compare many factors ... such as project events volumes that are currently included and technical analysis
There's a lot of coins/tokens in different trading site so if you put money in a coins/tokens that drop after you buy it so better to invest in popular digital currency here like btc,eth,ltc and bch so even they drops still they will be back in their current high price so the lesson in your problem OP is don't trust the not popular coin and always read their future plan or check if the developer can handle their coin like it can be popular after they promote it like nano now that run in faucet by the developer so it's good too for investment
Have you ever bought altcoin but after that the price actually decreased deeply? After many times it becomes bad suggestions for me every time I will buy, any suggestions from you who have traded more experienced than me? What's wrong and needs to be fixed? Thank you
No matter how experienced are you: you'll always face the situation when you buy altcoin, and it drops immediately or in a few days. First of all, you should purchase perspective and right altcoins, then even if the price falls, after a while, it would recover and even grow, and the second one - you need to understand how market moves, then stop buying at highs and selling at lows.
Have you ever bought altcoin but after that the price actually decreased deeply? After many times it becomes bad suggestions for me every time I will buy, any suggestions from you who have traded more experienced than me? What's wrong and needs to be fixed? Thank you
You need to learn basic technical analysis so that you wont be guessing which is which to buy,trading needs to be technical,plus have some fundamentals so that you wont get any trouble when it comes into trading because you wont know if these trades are going to give you x10000% or profits or it is going to give -90% losses. I think that your psychology in trading like my psychology when I was gambling. I ever felt like what you felt. When I addicted to trade like playing game I'm so hard to stop my activity until my capital is loss. I suggestion you can stop your activity for some time and evaluate your wrong. Maybe you can change your strategy, risk management, and never break the rule that you have made. Good luck!
Lol yeah, 
, maybe you're correct if I recognize that my gambling psychology is still carried away when I trade cryptocurrency. I know you know very well, it's hard to change it. Needed to figure out some a good lesson to changed my strategy, I wanna to trade with the right way and principles. Have you ever bought altcoin but after that the price actually decreased deeply? After many times it becomes bad suggestions for me every time I will buy, any suggestions from you who have traded more experienced than me? What's wrong and needs to be fixed? Thank you
It has happened with me and i have lost a few trades by buying high and holding it till last. But lesson learned and i have learnt now to use stop losses on my trades so that i dont lose much.
A lot of things can contribute to psychological problems when trading. When you trade without limit or budgets and become excessive in it. Especially when you invest in cryptocurrency which you think you can make money out of it quickly without considering if the coin or token is really worth it or not.
Psychology on trading is to earn maximum profit so any turbulence in bitcoin will affect altcoin and is going to affect the chemicals released in the body. Sudden inflation will lead to quicker heart rate and the tendency to ponder upon whether I should hold or sell, psychologically one feels high and greed creeps in. If followed by sudden drop in the price, the thought process again will be affected leading to anxiety n palpitations. So remain vigilant, calm and psychologically relaxed to pursue your goals.
thanks but still get panic when our assets were dropped a lot, even more, chart not give a bullish sign in a long time . But I agreed if psychologically relaxed must we can able to control it. The shadow of loss is a real enemy in our trading process.
Probably the best advice i can give you about trading is that you should leave your emotions behind you if you want to be good trading,this is extremly volatile market and its not easy waking up and seeing that your portfolio went 3-5x down durring the night(happened to me with neo and china ico ban last year)Do your maths and calculation before the trade and stick with it
Have you ever bought altcoin but after that the price actually decreased deeply? After many times it becomes bad suggestions for me every time I will buy, any suggestions from you who have traded more experienced than me? What's wrong and needs to be fixed? Thank you
In situation like this, make sure you find out every information yourself and don’t read fomo or hypes, they are not positive while investing Similarly you simply have to fix your courage and decision making
It will help you a long way
Have you ever bought altcoin but after that the price actually decreased deeply? After many times it becomes bad suggestions for me every time I will buy, any suggestions from you who have traded more experienced than me? What's wrong and needs to be fixed? Thank you
Yes, I made that mistake. I bought ripple for $0.5, sold it for $1 and then bought again at $3 per coin right before the price went down a lot. It was a really bad decision and I am still waiting for the price to recover, so that I can return the money I lost this way. That's why I am more into long-term investments now and not buying when the price is comparably high. Everyone makes such mistakes and learns from them eventually. I am sure the price will rise and cover the losses in time anyway.
Psychology in trading is a whole science, because it is human behavior that facilitates the movement of the market, who you bear or bull today, it does not depend on the market, it depends on how much the situation obliges you to make such decisions.
Have you ever bought altcoin but after that the price actually decreased deeply? After many times it becomes bad suggestions for me every time I will buy, any suggestions from you who have traded more experienced than me? What's wrong and needs to be fixed? Thank you
You need to understand if you are trading for a long term, then this should not bother you, and if you are a trader, then you need study news for the trade, and never, repeat never, not to buy a coin when price at the maximum value
This thing happens with most of the newbies because they are not much aware of trading they purchase the coin at the moon and think it will go to sky and what happen is correction because after increase a lot in price most of the coins do correction and newbie get scared from that and sell that coin in loss so best is to learn about how crypto market moves before entering this market.
There is no way you won't make mistake investing into some project, but the most important thing is to be able to know when you are wrong, it is not every time that you buy a dip, some project will never hit their ATH again for so many factors and you holding them will turn you to bagholder.
It happened to me as well when I started trading. The feeling is unmistakable. At times I feel guilty for not following my intuition.
thank you for a great advice, any special sign to marked the bubble will end?
any suggestion for me to figure out a good trade knowledge? especially cryptocurrency trading. Thank you
also after some times trading and watching the market (the charts) you can see some signs like drop in volume and speed of the rise, double tops and resistance that can't be broken anymore and stuff like that.any suggestion for me to figure out a good trade knowledge? especially cryptocurrency trading. Thank you
trading in my opinion is all about having that experience and that can only be gained by spending a lot of time watching the charts.
Psychological is a strong affect that leads the investors usually to a deep lose.
Investors will always put there whole attention into the positive things about the coin they are about invest in, on the same time they are ignoring the negative things about, so they end up investing in really bad things even though they are aware of it's negativity and they won't reinvest if they will be able to reconsider all it's of negativity.
Investors will always put there whole attention into the positive things about the coin they are about invest in, on the same time they are ignoring the negative things about, so they end up investing in really bad things even though they are aware of it's negativity and they won't reinvest if they will be able to reconsider all it's of negativity.
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