Bitcoin Forum

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 was trading with emotions at the beginning but now I am able to control my emotions up to some extant (especially when I see a constant purchase orders by bots on every second). I try to stick to the investment rules of the great investor warren buffet, he says “Be fearful when others are greedy and greedy when others are featful”. I have no shame to tell that I still place some orders without deep research but I know that’s wrong and I would improve it soon.

we are all human and even the most veteran traders still have some emotions left in them that may affect their decisions :D

and as for me, i am no expert and i have been making lots of mistakes because of making wrong decisions in wrong times because of emotions like not holding because of the negative things i have been hearing or seeing on the charts and then regret selling.

although this mostly happens when i am trading altcoins. for bitcoin i am strong as a rock. i hodl.

Emotions just a natural things is are can't be separated, and although someone is already can controlling their emotions, but there is a moment is he are can't controlling their emotion.
emotions are always giving a high contribution for the people is trapped by worst decision, I have some coin but in this time the price is still in 500 satoshi and after a month is passed the price is increasing for more than 20x and caused by my emotions is actually always hold my coin and not sell them at the moment, and after the moment is gone... I realize I taking a worst decision caused by my emotions.

I was doing some trading a while back but...
Never had the nerve for it...
Always checking what's going on with the price ticker, monitoring the sell tables etc.
Bought some coin and than constant wondering is it up or down, sell or hold a bit longer.
I was making some tiny profit but than I realised this, to much of a gamble man, stress is eating you, this isn't fun, so I have stopped. Feel much better now, free of those emotions, obviously this is not for everybody.
Now I'm just a bag holder and I like it.
   

I'm not good in trading. Panic is my worse enemy whenever I see a downward movement of Bitcoin I cant help myself to sell instead of waiting for the downward trend to end and wait for it to recover.

When theres a trend of price going up every weekend and its consistent for 3 weeks I never buy because of fear that it will not go up on a week end, I was not able to take advantage of those.

I can say im just a normal trader that set aside his emotion when trading.  But of course i am still human so i can still fell that excitement when im getting 2x 3x profit and somhow frustration when i see my holdings gone worthless but i never let it consume me.  So even with all this emotion, I still follow my own goal and set price, and sell or buy whenever the price hit it.

I feel and done that ways as i overcome my dear and to my past trade i've learned from it.
Emotions will done on your part you can't handle well or control in the sense of your decision making .
I am also afraid nowadays when any coin pumps ,i don't wanna buy on ongoing pump ,because i experience same scenarios which when the time i bought 2-3 sats up then its end dump stage .
But on selling i use to handle it well i keep on waiting have patient keeping on mind that it would be much profitable if i hold especially long term altcoins.
I don't panic i keep calm cause when panic attacks your emotions will be more in control so you will buy or gonna sell in the wrong timing.

Well yeah ofcourse, it is really hard to control your emotions when shit gets lit. Its the game, If you can control your emotions, im pretty sure you'll have a good time trading successfully. Panic is what makes the markets, or crash them.

In my view, it depends not so much on your emotional make-up but on the amount traded, in relative terms. If the amount is small in respect to your revenue flow, you will be cold-blooded and as emotionless as you could only imagine yourself to be. On the other hand, if the very thought of losing what you trade with makes you sweat, then you obviously got trapped.

yes definite  there is emotions involved  when we get profit too happy and on loss unhappy , so best is to profit or loss , need not panic , loss is an lesson to get more profit , we will understand how to trade further :)

I think even the most professional traders also use emotion when do trading, the most important in trading is we must know how to control it, dont do panic buy or panic sell, think with a clear head will going to make you gain profit

Yes i understand this might be needed to practice more patience before starting to enter the trade. Emotions should be  take place and do not let it to conquer you.

They bet on the emotions of others to make profit as they know the vast majority don't have a grip on them. If they themselves don't then they'll be someone else's lunch.

Most traders because of the emotions they exercised especially when they bought the coins dropped only slightly panic selling because they do not want to lose their investment .
Trading should really have to be patient and let the emotions prevail and wait for rise in prices for purchased coins you earn and have huge profits . So the others are losing trading due to lack of patient and emotions are applied

To be honest sometimes I get tired waiting for a coin to rise if I'm going to sell or to decline when I'm going to buy, and just put an order which can be fatal after short period of time. I think most of use at least one in our life have traded based on the emotions and the fine to ourselves was the loss but it is a good lesson ever time (if you forget that you loss).

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.

I get easily frustrated and i can`t concentrate so trading isn`t for me ,i guess.

You have to control your emotions in order to be successfull.

It`s not required to be an emotionless terminator.

I wish I was!
I too am affected by my emotions more than I care to admit. But i am glad that the worst of it is over for me. Because I used to be affected by my emotions a lot back when I was a newbie in trading.

This is something that can only be solved over time and with adding lots of thinking to the equation. Whenever you want to make a trade you should think about it and then press that button even if the thinking takes a couple of seconds it can prevent a lot of bad decisions.

I've got no respect for anyone who's influenced by things they read in a trollbox for instance.

Someone who makes a trade based on someone else writing 'rapecoin 2 da moon lulz loool any second' shouldn't be allowed to dress themselves let alone trade.

This is true, listening to other people or read specially on the troll box somewhat affect your emotion since we put through our mind that we musnt be left behind on gaining profit or being behind on the boat but in real speaking these are just still speculations or try to hype things up. That's why it sometimes frustrating when you bought an alt because of that wrong hype.

Try to find some books from stock market theme. It`s much older than crypto market. There are a lot of experienced traders who can give good advices or trading psychology or risk management.   

For example, about myself I know that I will never sell in the falling market. Better burn it all down. But I do not know how to determine the maximum growth at which to sell. And that's a big problem.

I suspect opinions vary strongly. For example, you can be a very impulsive person and quick on the trigger, so to speak, but if you trade by numbers (I'm not talking whether they would be right or wrong) and can actually force yourself to stick to your trading strategy, can you be considered "an emotionless trading terminator" even if you do in fact have a lot of emotions? What about trading bots then? From my experience, if anyone or anything ever comes close to being a trading terminator, it is them without fail.

If you can keep your emotions out of your trading then you are indeed a terminator. You're welcome to have emotions elsewhere.

As for bots, they can trigger cataclysmic events just by getting swept up in the movements tiggered by the emotions of human traders and run riot before they can be stopped. So they can be emotional in their own odd little way, albeit unintentionally.



You are indeed correct. It doesn't matter how old the market is. Humans don't change. Look up anything by Jesse Livermore or the Reminiscences of a Stock Operator by Edwin Lefevre. They're both very old and very relevant.

Negative emotions are emotions anyway. The more a person experiences emotions the brighter his life. Do not bad relate to negative emotions - you need to find something good in them.

I work under the assumption that controlling emotions in trading (and maybe in other aspects of life else as well) is practically unachievable for all or most of us. The best one can do, often with decent results, is recognizing them, and applying some (simple) self-hacks to counter these emotions.

I like to think of this process as applying 'filters' to my own biases, which I have observed over time in my own behavior and/or actions. Example: after noticing that I frequently act according to some bias (over a certain time frame, on a certain market), I will try to counter this bias by adjusting my current decisions in the opposite directions, e.g. lower my (subjective) probabilities for an upwards scenario to come true in case that, historically, I have suffered from a bullish bias in similar situations.

Like I said, kind of crude -- but so far, somewhat effective.

I kind of understand your approach but wouldn't it be better and more effective to find out where you fail exactly in your strategy and then focus on fixing the broken part in a right way? I mean, not by offsetting one bias by another bias. If your approach works for you, then certainly stick to it, but it may fail you one day. For example, when what you automatically consider a bias is not in fact a bias but actual representation of the market situation.

You do not know the market analysis and prediction move I think you should become the holder. If you become a Holder, you will not have to worry about the market going down, without learning how to analyse the market and try to judge its direction.

Absolutely. Correcting mistakes in your strategies is also crucial. But OP asked about controlling your emotions, and I believe (a) that emotions are unavoidable to some degree for human traders, and (b) that they can be seen as some form of statistical biases. If removing these biases is not an option, then countering them in the way I described seems to be the next-best option.

Trading , emotions are related to each other because both are making to you fine and emotion are directly related to the emotions because your financial system is depending on it and the finance is makes you happy and sad also,

Yeah, I see your point. But I still think that in the case you can't control your emotions, you'd likely fare much better if you go by numbers. In this manner, you won't be multiplying your biases brought about by emotions. If you ask me, the first way (going by numbers) would provide more consistent results in the long run even if your strategy is totally subpar and not giving you results you are looking for. You will just be able to see that at once with no emotions involved and biases they cause.

Unfortunately, emotions constantly influence the making of right decisions. When you need to sell, you think, but suddenly I will earn more. You have to fight with doubts, greed, fear of loss. Very helpful drafting a trade plan, where it is prescribed, when to buy or sell in a certain situation on the market.

I think that beginners Cryptocurrency trading must wear emotions and always want a big profit, and it is impossible that beginner traders if trading without emotion.

different from the trader who has experience. they use price and news analysis along with FUD for Bitcoin or other altcoins.

When I started trading, I fell victim of the emotion war especially after reading how some coins are dead by the so called gurus.

Coin never die itself but we kill them, as we all know bitcoin has volatile nature and it use to rise and fall then selling even then can be our own mistake, so if you see price falling just have patience and don’t panic so this way you can avoid a lot of loses, but selling being so emotional can cause danger for you, right now I would say don’t lose your emotions and don’t sell at panic even if you see the market is fallen to the bottom.

Those traders who are using their emotions in the market are just newbies because most of the people in the market who are well experienced already know how the market works so you should always wait for the prices in the market to grow before selling your coins.

Acting like a robot seems to work out quite well.  No emotions, only profits

Emotions are something that can not be controled in here at 100% , that is the main reason of why we need to take care of ourselves while trading, because it is not an easy task

Like a business theory, we can also consider this option. There is a saying according to that theory, we only want a pair of hands that must not have any connection with brain. Here in trading as well, we might say we can be robots who don’t have any emotions. Those who would just do work for getting profit according to the best strategy. This would help us to make good results.

We all have emotions and when I started trading I could not easily accept losses and mistakes and felt very poor when it happened. When we have predefined trading strategy and we stick  to it and making independent decisions and focusing on profit can help us to control our emotions and accept  losses as a normal part of the business.

I think and I know we are human because of our emotion that is why emotion intelligence level of a trader is very important.  Having high emotional intelligence simply means you are aware of your emotions and that of others and you are also in control of your emotion!

I can handle my emotions on holding but when trading it is impossible for me to always keep calm and be fine. Trading is much harder than hodling.

Yet it's looked down upon by these pinheads who think they're heroes getting caught up in some scumbag's pump.

I'd love to see the stats of people who got in a couple of years ago who did nothing but hold versus people who started trading two years ago. My suspicion is the vast majority of traders will be miserable failures.

It highly depends. The majority of the traders will lose regardless of the market state, but the few kiddies that do manage to apply TA in a market not being subject to average joe panicking, have done more than well. It's a matter of staying out of the market when average joes are active, and jump back in when TA kiddies do their thing, which is exactly the case right now. The market in current state has been fairly predictable. The consensus event would make a nice initial short at +$9500 where everything else is a bonus. $5999 would very likely translate into a test of $5500 and $5499 will very likely result in a test of $5000.

I think there are none of guys, who had mastered the emotions handling art so good, that they can loose a $10.000 without a shadow of regret on their face, lol

In trading you will have to control your emotions as anything can happen, price often rises often it falls but it does not mean you take too much stress and compel yourself to sell it at panic, I think now a day best thing is holding, keep your emotion away while you are trading as this is thing which can destroy all your profit, as you said in trading there is no of heart and brain, just use your skills and your luck will help you get success.

It depends. Sometimes I tend to go with the flow of my emotions, other times I am patient and don't let downswings affect my mood.

This field is totally defend from others. You can’t just be determined over something that is natural to everyone. There have been so hard hearted and feeling less people been in trading but when it comes to your investment that is on stake, those people were scrummed so many times. But still we always true to remove this insecurity from ourselves and try to move forward.

In trading we cannot completely wiped out emotions but we can make some trading decision that is going to help our emotions and put us in advantage.  You cannot really make money if your emotions is the decisions making in the trading then you are going to get frustrated but if you allow your knowledge to decide for you there is no how you will not make it.

I am feeling very intense and concentrated, when I am trading a lot... some times I even tend to drink a mint tea, in order to keep some more calmness...

Trading is mostly about dealing with emotions. I found very helpful a book by Alex Elder called "Trading for a living". There is a chapter about psychology. 

For the current market development is unpredictable, because the average Alt prices fall, I think we are patiently waiting for higher price increases, so we will generate a lot of profits at high prices.

From my point of view ,we need more knowledge in trading then holding.Because in trading,we have to analysis the market very deep and buy at the maximum low price then the market price.Then only you will get more profit from it.If you have patience ,you can easily hold the bitcoin.

Emotions are hard to battle with when you see you are losing money. There are books about this which is mainly for foreign exchanges traders but have not read any for crypto traders. One thing that I always remind myself when losing money due to small investments that I did is that, I am an early investor in crypto, in time this investment of mine will grow and it don't matter when.

if trade is never emotional, because if our minds are emotional we would definitely lose, if you want to trade must be patient and also must be careful in choosing the coins that we will invest.

Emotionless state is when you see money as an object not as a thing to change your life. But the money is really one thing. And the other factors would be pride, greed, addiction etc. It just requires a good practice and discipline.

I do also believe that when it comes to trading the biggest problem we are always encountering is our selves and our emotions. I truly lost a lot from that but now I do learned my lessons.

No one should ever blame themselves if they ever let emotion get the best part of them in trading but the thing is to always learn from the outcome of such emotions and make better decisions next time. After learning a lot about trading and I thought I was ready to go, emotion was just the first problem I had, but over time, I got used to the idea of just sticking to what I know and not what I feel.

When I feel the signal to get out is there, I do with a stop loss or alarm believing the market can still change course, and same applies to when the market is going up as well. We cannot always be right 100% of the time, but knowing how to play one's card without emotion helps a whole lot.

Yes panic is your worst enemy every time you see a downward movement from Bitcoin You can not help yourself to sell instead of waiting for the descending trend to end and wait to recover. You can say that you are just an ordinary merchant who puts aside his emotions while trading. So you can still fall.

That would be meaningless statistics. Yes, the prices in June 2016 were around $600 per bitcoin. They had been rising through the first half of 2016 but right before the halving, which occurred on July 10th (if I'm not mistaken), there was a major correction. That means that even with today's prices of $6k, profits are really good for a 2 year-long holding. These are solid figures and I don't expect anyone to challenge them.

Nevertheless, while they definitely are, there's the second part of the equation, which is traders. And thus you can't draw any definitive conclusion as some traders made a lot more than that (compared to simple holding), while the others couldn't probably even make it into the green zone at all. It means that even if the majority of traders failed miserably, which is itself a tricky question as no one would be trading for 2 years seeing only losses, you can't make such a comparison.

I think it is very important to control emotions in such trades because investing in crypto takes patience and risk, antrara holding or selling it must also have the right predictions.

 I found for myself one useful thing in Trading, I just consider this digits on the screen as opportunity to have money, and not as actual earned money, and so it is easier for me to trade them.

Emotions are not hard to battle if you are confident in your decisions and accepting that you cannot be right all the time as the market can move as it pleases.

All the above, with good knowledge and experience, it is something that can be discarded. Making decisions in the market out of emotion will never lead anywhere but mistakes, but making decisions based on knowledge of what you are trading and what to expect from your analysis and plotting out your strategies, will always give you that confidence and most of the time, you will be right and better than when you let emotion come to play.

Yes we can feel emotions when we finally take it as our lose. Like after selling it will go up more then you are on your emotion “what if it will never go back on low price?” So you will going to buy higher than what your price on selling it. Very wrong move when you are overtaking with your emotions. Wait and you’ll see.

Knowledge actually helps a whole lot to help rule out any form of emotion when it comes to trading. I only got caught up in emotions in my early years of trading but as time goes on, when I realized emotion never helps in anyway and I would be doing better if I stick with what I know than trying to assume for the market, then I tend to do better.

As the confidence started building, emotion started becoming the last part of me when it comes to trading but in the first few year and when it comes to not having much knowledge, it is just one thing you cannot run away from.

Since when do you have a new avatar, oda.krell?  ???

I can say that I everytime was trying to handle my emotions and feelings while trading, but almost every time I fail :) because when the time goes to your real money that you can lose it is hard to get rid of emotions

The reason why it is always good to rule out emotions completely is because they will never want to leave you and you will only have to get yourself to do what is best for your trade based on what you see and what you expect than what you feel. The thing with trading is that sometimes, you may want to use your discretion and at the same time, you will really want to trade based on your own knowledge and analysis, and that pretty much works better than feelings.

This is the reason why panic trading is happening in the market and the market fell more in this panic and big players always take advantage of this situation as they are motionless. I dont ignore that i never had done any wrong trading with emotions lot of time i had done wrong decisions through emotions and had loss and profit also. Even in gambling also when betting sometime emotion come in between and i bet on wrong bet and have got loss. So it is hard to control emotion because some time emotion act gets you profit also and when you dont react on that and see that it got profit and you missed it so next time when you go with emotion you make loss. So it is just a part of life.

I think the market is showing signs of strong recovery, you can see that bitcoin prices are adjusting and moving throughout today, and this is a very good time for you to trade altcoin.

Trading psychology also has a great impact on your profit and loss, it can be seen that if good psychology, you will be able to steadily and profitably cut losses when needed.

I just consider this digits on the screen as opportunity to have money.we have to analysis the market very deep and buy at the maximum low price then the market price.

You have discovered my thinking. This is the true emotions is a big fact in trading. When I was trading in forex then most of the time emotion tap into my mind and brain. But this is the truer that if we work depend on emotion we will lose your capital. So, We should skip the emotion for our trading time then we could be a good trader.

When trading out of 10 only 2 or 3 persons use to handle their emotions and get profit in trade, balance all are trading with emotions and make loss. Even knowing that they are trading with emotions they trade and make loss and then cry that the site is scam etc.,. Controlling emotions is very hard as when you control you emotions and trade and when that trade gives you loss then you think that you should follow your emotions and on next trade when you go with emotions you make loss. Nothing can be done with it.

yes it is true what you say, it is very difficult to control the emotions when trading, many fatal mistakes have been done by a classy trader though.

I think Im more of an emotionless person when it comes to trading and holding. I have practiced myself to control my emotions especially when the market is ugly. And maybe that was because I had experienced the worst when it comes to trading so I became numb.

well this is normal cause most of the time for real life deep inside of us we cant control our emotion how we can be able to make our trading emotion less that we cant be made to panic or even else to take some sadness on while we are doing to trade for.

Yes it is not easy to control my emotion while we lose our hard earned money but it can be possible when we are invested very affordable amount for us and we don't need it anymore for now so in that case we don't care that much even if we face losing and that time we can be a holder.

Controlling your emotions during trading is possible only with the help of a well-developed trading strategy. If you have a strategy, no emotion will make you just enter the deal.

You can handle of these emotions if you have vast experience on trading already. For newbies, its a roller coaster ride of emotions at first. Once you complete the whole trading cycle, you slowly adopt the market and emotions is slowly controlled.

I can boldly say I can handle my emotions with reference to trading crypto. My secret is not to invest any amount I can't afford to lose. with this in mind, whatever bet I have on a coin is seen as a loss money. When I make profit I move on, if I lose no bad feelings.

It is good infect it is best to buy at cheap price, now a day it is not too high so we can buy max number of bitcoin at very affording price of 9k dollar, after buying we need to hold our emotion and never be like those who sold their coin at panic and got lose only, holding is the best choose until your see coin at maximum growth and perfect for selling at high profit, so  buy now at dip and them hold your coin with patience (trust worthy) till it become high in price never let your emotions distract you.

most of the new traders are very difficult to be able to control their emotions, because that is in their mind is quickly get big profits, but to trade and can quickly get the benefits is not as easy as they think, of course to get all of that would take time to be able to understand and experienced in trading, so as a new trader do not obsessed first with big profits, learn to trade well and emotionally control your in trading.

Your emotions can actually affect the way you are trading in the market so its better to handle your patience and always read speculations in order to make right decisions.

right while you are in a emotional stage this is really hard to take some decision cause you might take some wrong decision on it you should and must be in good emotional stage.

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 are people who are great traders and make a ton of profit trading but they are rare and more likely than not we are not like them. Hence bots give an edge over people who trade with emotions.

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.

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.

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.

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.

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.

The Cryptomarket is changable, it is nearly unreal to program bot correct + huge competition etc

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

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

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.

What a very wrong kind of perception for a someone do make use bots just to avoid emotion problems towards or directly with the investor or trader itself. Bots is very helpful in automating trades but there are things which cant definitely done by a bot which a certain person can able to do like sudden change of plans due to price changes. There are decisions that should really be done which bot cant able to do such thing.

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.

Somehow people really don't forget their past as a sign of how strong they were now because of that fear before that it might happen again and it might happen again if they recklessly trade with emotions. So, seeing those experiences before brings us the new they were today by not letting their emotions control of what they were doing.

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.

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.

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.

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.

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.

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"

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.

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.