Bitcoin Forum

Economy => Trading Discussion => Topic started by: Pablo-wood on August 02, 2023, 10:37:01 PM



Title: ~If you must trade~
Post by: Pablo-wood on August 02, 2023, 10:37:01 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.


Title: Re: ~If you must trade~
Post by: dansus021 on August 03, 2023, 02:40:04 AM
I think emotion is the biggest enemy of trader, the biggest emotion is fear and Greed. You fear when the market at lowest point and greed when at the top of point.

you need control your emotion so you can manage your money when you are loses or dont overtrade when you made a profit.

Know when Stop Loss and know when take profit


Title: Re: ~If you must trade~
Post by: Poker Player on August 03, 2023, 04:21:44 AM
But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.

I don't see the difference here. Patience is an emotional component, it falls under emotional factors. It's not like the calculations you can do or the charts you can plot. And I think that in his answer dansus021 also speaks only of emotion, because he does not see that patience is something different from it.

Anyway, from the way you talk it seems that you have not had good experiences with trading, so I would tell you to consider a longer term investment in which emotions do not play such an important role.


Title: Re: ~If you must trade~
Post by: BD Crypto on August 03, 2023, 06:07:29 AM
But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
When you have no patience then you have emotions on your trading. Actually emotions cause FUD, FOMO, sudden sell or revenge trading and many more. These all the things which should be avoided because this isn't a place to show your emotions. Here everything happens on analysis and potentiality.

So I will say obviously emotions affect most of the time and as a human being we can't neglect our emotions but we have to use it positively. We should have emotions to find a better investment or a perfect investment or exit level but not for panic selling. But to be a perfect trader we have to focus on many factors because if you only control your emotions isn't all what you help you to get profit. For proper trading you must have basic technical analysis, fundamental analysis and should know about current events. Only discussing about emotions or patience will not be helpful at all as it's a part just.


Title: Re: ~If you must trade~
Post by: noorman0 on August 03, 2023, 08:55:26 AM
I was having this strong contemplation, between emotion and patience which factor affects traders the most.
All of them, patience is part of emotional intelligence that must be controlled as much as possible. If you are trading in the spot market, patience is your last bet when you take the "wrong" entry or the market moves against your predicted scenario. So emotional intelligence is more in demand when you have open positions or when buy orders are filled.

Nearly 70% of trading lessons is theory about pre-trade setups that you can learn from others. But the lesson of emotion is a special thing where you have to practice more on your own and you can only learn it self-taught.


Title: Re: ~If you must trade~
Post by: EarnOnVictor on August 03, 2023, 10:58:38 AM
It took me three times reading before I could understand your lumps...lol

Please, note that traders can be successful in trading only if they can take care of three aspects of it.

These are;

1. Strategy/System
2. Management
3. Psychology

Unfortunately, almost all traders are mainly working on how to improve their trading strategy/system, while a few more consider the management, while a very little fraction considers the psychological part of it which you are talking about.

All these contribute their quota to the success of any trader, and if you must achieve it flawlessly, you have to avoid emotion totally and be determined to the course. You can do this by being disciplined and keeping to your trading plans irrespective of the situation and market temptations.


Title: Re: ~If you must trade~
Post by: michellee on August 03, 2023, 12:28:59 PM
Every trader has to deal with emotions because, after all, when the market changes direction, the emotions will change and follow its mood. These emotions will lead them to other feelings, such as greed, lack of satisfaction, and indiscipline. And when the market changes fast, they will also act in a hurry, panic, and worry.

They really have to learn to control their emotions so they won't be affected by anything going on in the market and can analyze market conditions well. And when you have to trade, you must have good skills and self-control. You can analyze the market conditions and find the right time to enter and exit the market.

There is still a lot to learn before trading but it can be learned slowly. The important thing is that you have to learn to trade well and also learn to control yourself.


Title: Re: ~If you must trade~
Post by: Cookdata on August 03, 2023, 12:56:59 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.

Does been patience affect traders? I think you are mixing things up. Patience is a practical discipline every trader should have before starting trading, you need it more than any other factors you mentioned there, you wouldn't go far if you even lack it because one of the main problems of being emotional is when we don't have the patience to overlook trade, the emotion starts building up and at the end, you make an inconclusive and silly judgement that will affect your trades.

Whatever magic that works for you, it's pretty fine as long as you don't pile up losses at the end of the day; emotion and patience are experienced by every trader but we react differently to each of them because we are experienced in trading than each other, we have exposure to money to each other and we have a different level of tolerance than each other, so if your emotion and patient gives you 70% chance of profit cyle, continue your trading degen.


Title: Re: ~If you must trade~
Post by: arwin100 on August 03, 2023, 01:07:49 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.

Consistency to do trades is all needed by a trader so that you can experience so many scenarios that can help you strengthen your emotions,skills and any other things that helpful on your trading career. So we shouldn't get discourage if we lose since if we totally quit just because we lose then we might be a total loser since we don't have any chance to recover since we cut our chances to learn from the mistakes happen to us.


Title: Re: ~If you must trade~
Post by: Yamane_Keto on August 03, 2023, 01:10:10 PM
Without passion and patience, you will not invest in bitcoin. You will not have incentives to invest in any high-risk investment, and you will suffice with US Treasury bonds. Emotions are what drive you to invest, but you must learn how to control them, when to invest and when to withdraw without emotions affecting you negatively.

The real trader knows that he will lose and knows that trading is a gain and a loss, the loss should not affect you, and you should enjoy your life, as if you spent your day following the signals, it is better to look for a job.


Title: Re: ~If you must trade~
Post by: awik p on August 03, 2023, 01:38:31 PM
in short-term trading, I think the emotional factor is the most decisive, because in short-term trading, we don't wait in the long term, usually it can be called daily trading, with a short range we take advantage of opportunities to get a little profit but it is often done so that the same like we get a big profit in the calculation. therefore it takes an emotional well-established in order to launch the strategy to be executed


Title: Re: ~If you must trade~
Post by: Minecache on August 03, 2023, 01:44:52 PM
I think emotion is the biggest enemy of trader, the biggest emotion is fear and Greed. You fear when the market at lowest point and greed when at the top of point.

you need control your emotion so you can manage your money when you are loses or dont overtrade when you made a profit.

Know when Stop Loss and know when take profit
In the same opinion, emotions are the biggest enemy of traders, emotions govern all decisions when we trade. So as long as we can manage and control our emotions, we can control the rest. It is easy to say but extremely difficult to do, it can be said that fear and greed are the two most difficult things to control for anyone.

I even outlined specific plans and goals, even writing them down and putting them on my desk. But when I started trading and saw my profits increase, it was almost impossible for me to control my greed. I failed in trading, it can be said largely due to my lack of control over my emotions.


Title: Re: ~If you must trade~
Post by: shivansps on August 03, 2023, 02:08:08 PM
It is difficult to say what influences the trading of emotions or patience more. These factors are difficult to consider in isolation, they are like two bicycle pedals. You cannot use just one. Emotions are different. Some emotions can protect us, others can kill us. One of the main things is not to drag out a trade when you are losing money or making money.


Title: Re: ~If you must trade~
Post by: shivansps on August 03, 2023, 02:16:44 PM
Without passion and patience, you will not invest in bitcoin. You will not have incentives to invest in any high-risk investment, and you will suffice with US Treasury bonds. Emotions are what drive you to invest, but you must learn how to control them, when to invest and when to withdraw without emotions affecting you negatively.

The real trader knows that he will lose and knows that trading is a gain and a loss, the loss should not affect you, and you should enjoy your life, as if you spent your day following the signals, it is better to look for a job.

I agree with you that emotions can be different. The same emotions can help us and also be an enemy. Greed, for example, can lead us to lose money. Fear can both help us make money, that is, get out of a deal when you are afraid of losing money and in the end turn out to be right, and sometimes fear leads to the fact that you complete the deal ahead of time. Patience is a good quality, but it can also sometimes work against us. I would say that composure is a very important part of trading, perhaps one of the most. There will always be emotions, but the ability to control is a separate ability that a successful trader must have.


Title: Re: ~If you must trade~
Post by: bettercrypto on August 03, 2023, 02:42:56 PM
I think emotion is the biggest enemy of trader, the biggest emotion is fear and Greed. You fear when the market at lowest point and greed when at the top of point.

you need control your emotion so you can manage your money when you are loses or dont overtrade when you made a profit.

Know when Stop Loss and know when take profit

Yes, I agreed that our emotion are the one most of the time lead us to do something that is sometimes against our will, this was happened to me before during the time that I am not deeply mature here in this crypto field of business.

But I also believe that our emotions too could lead us to get profit while we do trade in the actual exchange whether CEX or DEX. Therefore I also agreed that we mist control oir emotions in a right way when we do some kind of trading activity.


Title: Re: ~If you must trade~
Post by: palle11 on August 03, 2023, 02:56:51 PM

which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.

This is the focus of your post. To go direct into it, emotion is what makes your trade or mares it. Emotion can be good in the sense that sometimes when you listen to it and follow what it pushes you to, it helps you. Emotion can be bad if you follow it and take a bad decision. So it can be helpful and destructive. Therefore, to narrow it down to patients, if it is good then it acts on your patient in that same good way and if it is bad it also have bad effect on the patient. It means sometimes applying patient could be good at times and bad at times. For example on bad patients, you could be having patient for your losses to return into profit instead of stopping your trade but the patient will eventually lead you to lose all.


Title: Re: ~If you must trade~
Post by: Litzki1990 on August 03, 2023, 04:00:58 PM
Emotions or excessive anger will never be good for your business. Excessive anger emotions or excessive greed can destroy your business. Excessive greed is not good for business because excessive greed will make your business partners or your customers have a bad attitude towards you which will cause them not to help you in business later on. If you charge customers more than the fair price due to excessive greed, customers will never come back to your store. Thus thinking about selling more products at a relatively lower profit than losing customers will result in extra greed making you earn several times more than what you are earning by selling products at lower prices. Especially those who are involved in trading will never make extra profit. When you feel that your profit is enough and you should sell the coins now, you should never sit back thinking that the market will go higher as soon as you sell the coins.


Title: Re: ~If you must trade~
Post by: livingfree on August 03, 2023, 04:32:03 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
Just don't get flamed and chill at most times whenever you're trader. Once your emotion is triggered, you'll be affected that much and every performance you're about to do with your trades could ended up badly.

It's a matter of how you handle situations and don't at least be affected on it which may be significant for the potential good result that you may have.

News are normal whether they're good or bad, it will happen and you've got no control over it unlike your emotion and self.


Title: Re: ~If you must trade~
Post by: Flexystar on August 03, 2023, 05:07:57 PM
That depends. Some of them control it some of them give away every bit of ounce they have in them and lose. It entirely depends on the fact that how they were train or how they created their journey of trading so far (if they are trained). Anyone who is just getting into trade recently or anyone who isn’t properly mastered can end up in dead zone quickly. They are the people who try to bet more money when they lose and they keep the target of recovering that money and then going for the new profits. Highly miscalculated risks and methods they would follow always. While the trained one would never repeat such mistakes and their positions are always new irrespective of the previous losses. It’s big world mate, the more you enter the more you learn.


Title: Re: ~If you must trade~
Post by: tjtonmoy on August 03, 2023, 05:49:45 PM
I put both emotion and patience in a single category. Having emotional control will make sure that you don't take any wrong decision. If you are able to do this, then patience will not be an issue. When you are thinking logically, you can tell yourself that this is not the right time to do this. Thus, you will be safe from emotional influence.
Selling quickly and not selling later in hopes for more profits are fear and greed. This is also a part of emotional decision. So in order to be a good trader, the first thing that you should master is emotion control. People tend to learn the basic fundamental of trading first, without focusing on emotion control. No matter how much you learn and apply your knowledge in the field, if you have no control over your emotions, you are most likely to make a loss. And then you think, I am doing everything right, yet I am in a loss.

So the very first thing we need to learn is emotion control. After that, if you just follow the basic rules, fear greed, patience all of these things will not affect your trades anymore. The most important thing is emotion. Master it first, then things will be much more easy and you can become a successful trader.


Title: Re: ~If you must trade~
Post by: Dr.Bitcoin_Strange on August 03, 2023, 07:40:46 PM
A trader must have all the qualities of a real trader before they can maximise profits in their trading. Having just one quality and not the other can really affect one's trading success. When talking about patients, some times the market can take a big swim against you, but depending on your level of asset, if your asset is not yet liquidated, you can have some patients believe that after some minutes the market can still Begin to recover, but when someone is too hasty for that trade, they can quickly cancel the trade, meaning they are not even sure they will make a profit at the end of the trade. Then, trading with emotions can also cause a trade to experience more losses. I don't really think that if a trader lacks any of those qualities, they can lose even 50% of their trades.


Title: Re: ~If you must trade~
Post by: nelson4lov on August 03, 2023, 08:22:48 PM


These are;

1. Strategy/System
2. Management
3. Psychology

This just hits the nail on the head and obviously a well thought out reply. If I understand correctly, Strategy/System has to do with technical analysis, maybe not entirely but it should be. Management can't be underestimated because it's a bumpy road and having good management skills might be key to effectively managing one's trade incase it doesn't go their way and Psychology covers all of emotions, discipline and what not.

Pursuing mastery of all three things should be mastery of trading.


Title: Re: ~If you must trade~
Post by: goaldigger on August 03, 2023, 09:48:08 PM
It is difficult to say what influences the trading of emotions or patience more. These factors are difficult to consider in isolation, they are like two bicycle pedals. You cannot use just one. Emotions are different. Some emotions can protect us, others can kill us. One of the main things is not to drag out a trade when you are losing money or making money.
This two are important as you are trading to make profit and not all the time you can have this as challenges rises while you are trading. Self-control with your emotions and patience should be there at all times because those who trade with this are the usual successful trader. Having your effective strategy can also be a big factor so make sure to have more strategies when it comes to trading and handling your emotions.


Title: Re: ~If you must trade~
Post by: sheenshane on August 03, 2023, 11:50:42 PM
Self-control with your emotions and patience should be there at all times because those who trade with this are the usual successful trader.
^But the main subject could be your knowledge, right?
IMO, to maximize profits in trading, a trader needs a combination of various essential qualities and skills because emphasizing only one aspect while neglecting others can significantly affect trading success.

However, risk management is another vital aspect of trading because even with patience and emotional discipline, a trader must manage their capital wisely to preserve it during unfavorable market conditions.  Proper risk management ensures that no single trade has the potential to cause significant damage to the trader's overall capital and the last one is the stop-loss which is very important.

So not only two of them, it should be various of them that we should always consider.


Title: Re: ~If you must trade~
Post by: lalabotax on August 03, 2023, 11:51:23 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.
Emotion control will really influence the patience. Much better we manage the emotion, much better we can stay patient.
This will exactly influence each other.
Indeed, there is often a clash between the desire to be more patient in dealing with various crypto market conditions. But in reality, sometimes our ability to control our emotions turns out to be much thinner, so that we can easily falter and eventually the patience defense we have built collapses. And finally we get carried away by the uncertain market atmosphere, panic more often, and get impatient when the market drops. result? this will automatically become panic sells or even powerless anymore to see crypto market, especially to get involved in it.


Title: Re: ~If you must trade~
Post by: lienfaye on August 04, 2023, 01:16:33 AM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.
Having lack of patience is a result of not being able to control your emotion. Therefore, emotion affects the trader the most since it is the one influencing yourself to be impatient. The reason why it's important that you can control your emotion when you trade. If you let yourself decide based on what you feel (most common is fear) then chances are you might commit a wrong decision.

Though, emotion and patience are not the only factors that affect the traders to have a successful trade. It still plays an important role. It should be manage accordingly to minimize losing your money as a trader.


Title: Re: ~If you must trade~
Post by: Yamane_Keto on August 04, 2023, 09:34:32 AM
There will always be emotions, but the ability to control is a separate ability that a successful trader must have.
Not only control, but directing these feelings to achieve profit. If you seriously exploit the emotion of greed in an attempt to collect more bitcoins, you will find yourself learning a new programming language in a short period, while in the past you would go to bed early or spend the evening with your friends.
Proper exploitation of the emotion of fear is by questioning projects, as there are goos signs that the project is a failure or scam, but we looked at the possibility of profit, which blinds you to the possibility of loss, because the mind loves to win and is afraid of losing, so it tries to avoid these feelings.
If you can't exploit it, then cancel it and just make plans and bots trading.


Title: Re: ~If you must trade~
Post by: GxSTxV on August 04, 2023, 09:45:25 AM
What I have learned from trading in forex and even crypto is that it's similar to any job and industry you start taking if the possibility of winning every time and simply  you can't always be right on the next price movement, Many newbies believe that trading is a money generator and getting rich quickly.
Personally I don't believe in 80-90% accuracy for every trade because many factors can impact prices disregarding analysis or news. Also i will say that no bot or indicator works flawlessly all the time and relying on them can be risky on your capital. It's important to manage your emotions, trade with lower risk and smaller capital, and recognize that even the best traders gain only 2-3% of their capital monthly, sometimes losing that percentage.


Title: Re: ~If you must trade~
Post by: usekevin on August 04, 2023, 09:59:18 PM
A trader must have all the qualities of a real trader before they can maximise profits in their trading. Having just one quality and not the other can really affect one's trading success. When talking about patients, some times the market can take a big swim against you, but depending on your level of asset, if your asset is not yet liquidated, you can have some patients believe that after some minutes the market can still Begin to recover, but when someone is too hasty for that trade, they can quickly cancel the trade, meaning they are not even sure they will make a profit at the end of the trade. Then, trading with emotions can also cause a trade to experience more losses. I don't really think that if a trader lacks any of those qualities, they can lose even 50% of their trades.


The trader should learn the trading before he start to trade in the real time.Because money doesn’t come easier,we are working hard to earn the money.So money should be traded on the good coin as compared to the random trading.Some people who had huge money in their bank try to do random trading,trading is mean for the good coin and for the profit.If you spend some time on trading analysis,it will double your profit after certain period of time.So analysis and then inverse in the trading to avoid of loss.


Title: Re: ~If you must trade~
Post by: jeraldskie11 on August 04, 2023, 10:20:31 PM
Self-control with your emotions and patience should be there at all times because those who trade with this are the usual successful trader.
^But the main subject could be your knowledge, right?
IMO, to maximize profits in trading, a trader needs a combination of various essential qualities and skills because emphasizing only one aspect while neglecting others can significantly affect trading success.

However, risk management is another vital aspect of trading because even with patience and emotional discipline, a trader must manage their capital wisely to preserve it during unfavorable market conditions.  Proper risk management ensures that no single trade has the potential to cause significant damage to the trader's overall capital and the last one is the stop-loss which is very important.

So not only two of them, it should be various of them that we should always consider.

To be profitable in trading, risk management is very important to apply in every trade. There are various of effective trading strategy out there but it won't make us profitable if risk management is not included in our plan. Meaning, there are some days we experience a multiple losses that we have to survive for future trades. The thing is, when we are in-controlled by our emotions, we won't apply the risk management because of revenging trades and greediness caused by emotions. Emotional stability is the very key to be successful in trading.


Title: Re: ~If you must trade~
Post by: LogitechMouse on August 05, 2023, 01:27:13 AM
~
But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
Both are very vital things when it comes to trading,  but if I will pick which is more important than the 2, I think it will be emotion.

Aside from the fact that you must have a strategy that works for you, and risk management, controlling your emotions is really an important thing. I also believe that if you can learn how to control your emotion, there's a chance that you might be more patient as well in trading. On the other hand, controlling your emotion alone will not give you a higher win rate because you must have a strategy, and of course knowledge with trading that will help you in your journey.

One step at a tile OP. Try to learn how to control your emotions first while trading. Learning everything isn't quick, and it will take time. If you know how to control your emotions already, try to learn something again like reading the charts. If you really want to succeed in trading, controlling your emotion alone will not help you, but adding your knowledge, and risk management on it will increase your chances in getting winning trades. Good Luck OP.


Title: Re: ~If you must trade~
Post by: Solosanz on August 05, 2023, 09:25:29 AM
It's alright and no one will always make correct decision especially in trading. You did making some profit, but you're just want to try more, unfortunately it's not like what you expect.

If you can't accept the reality where you spend some time and not earn anything, you're better off avoid trading and learn a skill that will make you earn money. Not everyone can become a trader, different person has a different skill.


Title: Re: ~If you must trade~
Post by: blockman on August 05, 2023, 11:54:37 AM
Self-control with your emotions and patience should be there at all times because those who trade with this are the usual successful trader.
What's the matter with the new traders out there, they're rushing and thinking that trading is a competition. While they see others earning from their trades, they think that they also need to profit even if the timing isn't perfect. It shouldn't be like but being patient will take them to the same results as those first ones that made their trades win.

Having your effective strategy can also be a big factor so make sure to have more strategies when it comes to trading and handling your emotions.
Winning strategy and decision making, looking at the market's situation are plain factors for a trader to win with his trades. But sometimes, there could be other factors and just don't be too emotionally affected with everything.


Title: Re: ~If you must trade~
Post by: cryptomaniac_xxx on August 05, 2023, 12:41:49 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.

I think it's emotions that is the biggest enemy of traders, because it might clouded our decisions, and most of the time, we make the wrong one because we can't properly think and what's on our mind is just to make profit.

But if you carefully analyze it, if we just get out in time and not take the risk any longer. We could be in the positive. However, when greed sets in, we really our out of control and make bad decisions after bad decisions resulting to a biggest lost.


Title: Re: ~If you must trade~
Post by: Alpha Marine on August 05, 2023, 12:53:19 PM
They're not very different from each other in this context. If you control your emotions you'll have patience because patience is an emotion. Some factors make you not be patient and those factors can also be classified as emotions.

Those factors can be greed and fear which as also emotions. So I think poor control of emotions is what leads to a lack of patience.

On the matter of controlling emotions, it's always way easier to talk about it than do. It takes a lot, especially in very difficult situations and we have a lot of those situations in trading.


Title: Re: ~If you must trade~
Post by: isaac_clarke22 on August 05, 2023, 02:43:36 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
Both of those two depend on each other. Emotion would be either brought down or up by your patience and your patience could trigger some unnecessary decisions whenever your emotion gets into you. You're not a robot programmed to handle these two in either of one.

It's technically okay to feel such emotions and get your patience triggered, it's the action on how you apply it to your trading that matters the most. You're a human trading not a trading bot and it's perfectly normal to have these kinds of reaction to what you just said such as "huge losses" from FUDs.


Title: Re: ~If you must trade~
Post by: Cryptomultiplier on August 05, 2023, 04:58:55 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
Besides the fact that emotions and patience are contributory factors to ones success as a trader, there's also the need to be knowledgeable enough before trying out such a venture.

I believe anyone who has the right knowledge, will also have the confidence to discern the voices in ones head that make them a potential trader.
A double minded person cannot succeed at trading because the patience to wait for maturation and the right time to trade will constantly be in dispute.


Title: Re: ~If you must trade~
Post by: Hamza2424 on August 05, 2023, 08:22:31 PM
Emotions are not your enemies, emotions are what makes to different from others, be free with emotions I use to endorse the view to control emotions while playing in the market, it doesn't mean you need to be emotionless and you even can't you just need to train yourself to respond accordingly. A bot trades against emotion when you are trading you cant take trades without emotion because it's your nature. All you need to do is be smart with emotions as great traders follow the tip "Be fearful when everyone's greedy and be greedy when everyone fearful". This is a line millions in market just follow it in free and keep smiling  ;) ;)


Title: Re: ~If you must trade~
Post by: DoublerHunter on August 05, 2023, 08:56:13 PM
Emotions are not your enemies, emotions are what makes to different from others, be free with emotions I use to endorse the view to control emotions while playing in the market, it doesn't mean you need to be emotionless and you even can't you just need to train yourself to respond accordingly. A bot trades against emotion when you are trading you cant take trades without emotion because it's your nature. All you need to do is be smart with emotions as great traders follow the tip "Be fearful when everyone's greedy and be greedy when everyone fearful". This is a line millions in market just follow it in free and keep smiling  ;) ;)
^Definitely right and I agree.
It is a part of being human, and it can be a driving force behind our actions and decisions, including in trading. Emotions can provide valuable insights and intuition that automated bots may not possess. As you rightly mentioned, it is not about eliminating emotions entirely but rather learning to manage and channel them effectively while trading.
It is all about finding the right balance between being driven by emotions and making good decisions in trading.


Title: Re: ~If you must trade~
Post by: o48o on August 05, 2023, 10:17:05 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
I have made my biggest profits when i don't care. That makes you resistant to fud and you are able to use huge swings since you actually want to wait.

But most of my best trading comes from luck, and explaining how my skills had anything to do with the fact i lose or win is misleading. Truth is that i get a feeling of control when i analyze my trades and what factors in on losses and wins. When in truth, it's mostly luck.

Sometimes fear is good. That can save you huge amounts of money when you don't end up DCA:ing into ground.
Sometimes i am so blinded by fear, that denialism kicks in and i can just do nothing. Like watching the boat sink and just drowning with it.
Sometimes being too greedy is good. No one would have known how far the biggest movers in crypto were going. If i only been too greedy i would be rich now.
But sometimes it can prevent you selling when you should, because you are just too greedy and your targets are delusional.

What i want to say is that there's really no one way to trade, and don't beat yourself having feelings about the trade. You have feelings because you are human and people rarely reward themselves of following feelings, when those feelings were correct. They just want to punish themselves when they were wrong.


Title: Re: ~If you must trade~
Post by: wxa7115 on August 06, 2023, 02:43:42 AM
^Definitely right and I agree.
It is a part of being human, and it can be a driving force behind our actions and decisions, including in trading. Emotions can provide valuable insights and intuition that automated bots may not possess. As you rightly mentioned, it is not about eliminating emotions entirely but rather learning to manage and channel them effectively while trading.
It is all about finding the right balance between being driven by emotions and making good decisions in trading.
Albeit seldom mentioned on trading books a great deal of the success of a trader comes not from their strategy or some innate ability to read the markets like the palm of their hand, but from their ability to remain calm under the most difficult circumstances.

Money is not made by traders every day in a slow fashion, there are days in which you need to take a choice, if you take the wrong one you will lose money equivalent to months of work and if you take the right decision then you will earn months or even years of income, and it is precisely on those moments when we need to remain as calm as possible as that is when real money is made or lost.


Title: Re: ~If you must trade~
Post by: pawanjain on August 06, 2023, 09:27:20 AM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.

I think emotions play a major role in trading and if you can't control your emotions then you are bound to lose your money in trading.
If you control your emotions, you automatically improve your patience level and wait for the right time to enter and exit the market.


Title: Re: ~If you must trade~
Post by: Russlenat on August 06, 2023, 06:24:24 PM
Emotions are the best enemies when trading. When you have uncontrolled emotions, your trades will be ruined and will definitely end up failing and losing your future profits. That is why never trade with high emotions involved, as it can never help you in making your trade’s successful.

Patience on the other hand is very crucial in trading. If you trade impatiently, you will never hit your target but will only make you resort into wrong decision making. So for me, both can affect the future of your trades so they should be properly managed when you decide to trade.


Title: Re: ~If you must trade~
Post by: molsewid on August 06, 2023, 09:03:37 PM
Emotions are the best enemies when trading. When you have uncontrolled emotions, your trades will be ruined and will definitely end up failing and losing your future profits. That is why never trade with high emotions involved, as it can never help you in making your trade’s successful.

Patience on the other hand is very crucial in trading. If you trade impatiently, you will never hit your target but will only make you resort into wrong decision making. So for me, both can affect the future of your trades so they should be properly managed when you decide to trade.
I feel you that was my struggle when I enter trading it makes me more emotional when the time that the market fall and sometimes I just get hype by someone so I heavily invested in shitcoins which I believe I can earn a lot in small span of time which is not , that's why I stop for awhile and process my thoughts that whatever I will invest i need to control my emotions, I will not do panic selling.


Title: Re: ~If you must trade~
Post by: MFahad on August 07, 2023, 07:14:12 PM
If one control his emotions then he is become in patience which means that controlling one's emotions will have a strong effects on the rate of success. But a person should not too in patience that all the beneficial moments passed away and he do not achieve anything as making better choice under better timing is very crucial.

Other factors are also very important and we should control these factors too just because greed is the cause because of which lots of people's end become fallacious. I think greed and patience are a part of emotions so if one control emotions both these factors will be under control automatically, greed can be control but natural emotions are something which is hard to control but we can try to do so.


Title: Re: ~If you must trade~
Post by: Viscore on August 07, 2023, 07:26:13 PM
Trading with emotions will never bring any positive effects in the end. Instead, it could be the reason for an instant loss because of wrong decisions that are made once you consider your personal emotions while trading. However, I know emotions are hard to separate when we trade but what else could we do? Emotions will never be good for trading so we should at least try to avoid trading with high emotions inside. Otherwise, we will only waste our time and effort and yet, trading still end up unsuccessful.


Title: Re: ~If you must trade~
Post by: Franctoshi on August 07, 2023, 09:12:22 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations, and overzealousness.
The more years you spend as a trader the more experienced you become and the more losses you hit the more lessons too.
If you ask me all the above-listed points are important and non should be neglected. But if you can avoid greed as a trader, it will save you many things that lead a trader to encounter many losses.

Lastly, being patient with trading setups will save you and reward you greatly.


Title: Re: ~If you must trade~
Post by: ShowOff on August 07, 2023, 09:49:44 PM
In fact, a trader needs to understand good trading psychology so that he can avoid various wrong decisions.
Trading psychology plays a role in emotional control, greed and decision making so that they can make decisions that look right according to their plans. Emotions are one of the many things that encompasses trading psychology, so of course it is useful for traders to be able to control their emotions.

If a trader has a good understanding of trading psychology, then I think they will be able to minimize trading risks including the risk of loss. Trading experience and other technical understanding will also help, they are both necessary for a trader to be successful.


Title: Re: ~If you must trade~
Post by: Finestream on August 07, 2023, 09:59:19 PM
Being emotional in trading will lead you to become impatient on the result of your trades, and being impatient will force you to take wrong decisions that will only damage your trades. That’s why if we can avoid being emotional when trading, then it’s the best thing to do knowing our own emotions are the best enemies when we decide to trade. If you think you are incapable to control your emotions, then it’s better to avoid trading at first so you can avoid some inevitable losses.


Title: Re: ~If you must trade~
Post by: _BlackStar on August 07, 2023, 11:23:22 PM
Trading with emotions will never bring any positive effects in the end. Instead, it could be the reason for an instant loss because of wrong decisions that are made once you consider your personal emotions while trading.
I know what emotion you mean - but not all decisions are ultimately wrong. Trading that is done without analysis and research is a form of trading that is made based on negative emotions [expecting profit from luck]. Whereas if they do it starting with analysis and research then it's a decision also based on emotion - but it's positive.

However, I know emotions are hard to separate when we trade but what else could we do?
Nothing - but try to put forward positive emotions instead of negative ones.


Title: Re: ~If you must trade~
Post by: Strongkored on August 08, 2023, 02:53:10 AM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
If you have patience, of course emotions will no longer be obstacles because patience is a way to control emotions, usually what makes traders emotional is when they see that their trades are not going according to expectations, especially if these traders are always depending on the news circulating for their analysis. That is why a trader must have deep knowledge of the coin he chooses to trade, with deep knowledge of the fundamentals of the coin, but almost all altcoins don't have good fundamentals, because often the developers of these altcoins are involved in pump and dump.
Trading in Bitcoin will make it easier for you because you will be able to patiently wait for the price to rise, although in the short term unless you take a very large profit margin it will be difficult because the price movement of bitcoin at any given time will be corrected.


Title: Re: ~If you must trade~
Post by: Mpamaegbu on August 08, 2023, 11:45:53 AM
I was having this strong contemplation, between emotion and patience which factor affects traders the most.
Everything about and around trading revolves round emotion. Patience is an attribute of emotion just like crying, excitement, anxiety, joy, depression, loneliness etc. Anyway, I get your drift in trying to make a dichotomy between both. If anyone is able to control their emotions and not trade on impulse, we're still saying the same thing about patience. It's often said that patience is a virtue in trading. Nothing kills a trading plan faster than the lack of emotional control.


Title: Re: ~If you must trade~
Post by: rozak on August 08, 2023, 12:37:18 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
I believe both are related and also important for traders. but controlling emotions will be better to watch in trading. Patience has to do with trading planning that has been designed from scratch. while emotions relate to the progress of your trade. but both are needed by traders to make their trades at least according to planning. although it is possible that there may be other factors that allow planning to fail. but more experienced traders can of course be more patient and control their emotions.


Title: Re: ~If you must trade~
Post by: uswa56 on August 08, 2023, 01:34:25 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
I think patience is quite influential, but it is something that is difficult to apply, because one's emotions are quite difficult to control so one can lose patience, and it is true that many non-technical factors affect trading and the biggest ones are greed and emotion.

But technical is also important, it is the part outside of the actual emotional influence to be able to control it, but apart from personally I think before trading we must be prepared to control ourselves from all negative things to avoid losses.


Title: Re: ~If you must trade~
Post by: YOSHIE on August 08, 2023, 02:14:14 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.
Maybe we often read and see advice from very professional crypto trading experts, where experts often say crypto trading requires knowledge, as well as actions that are often carried out by traders in general, emotional, greed, recklessness, ambition, without calculation and so on that can damage the crypto trading process that you want to do.

For that it is highly recommended for those who have a desire to enter the world of trading, need to understand, be thorough, be patient, consider before doing it, it's all for the sake of the continuity of the crypto trading process that we want to do to earn well, not the other way around, don't rush into trading even if you have 30% knowledge understand the risks before you do it and study until you master the whole thing.


Title: Re: ~If you must trade~
Post by: Bushdark on August 08, 2023, 11:59:23 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
It all depends on the knowledge we have in trading and what we can do with it. There are people that have such a great knowledge in trading but are still scared to trade because of emotion which is the killer of all trading ability.
 There are some newbies that are still having this challenge in there trading career and one of the ways to get things done is for us to make sure that we don't spend much time demo trading because this is one of the areas we can become a weak trader that will not be able to go alive with the ability to trade with risk of earning frim the market.
 The crypt market is volatile and the only way we can trade successfully and earn from the market is to trade with confidence of using our strategies to earn from the market.


Title: Re: ~If you must trade~
Post by: Ahli38 on August 09, 2023, 05:46:06 AM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
As far as I have experienced in my trading activity. So I can say that for short and medium term trading it is Emotional Control that is required. Even about this emotion we also need to study very carefully (carefully). Because this will relate to one of the analyzes intended for analyzing market movements based on the emotional exposure of market participants or market sentiment. Panic behavior and greedy behavior can be seen from market movements with sentimental analysis. There are even indicators to see this, such as the fear & greed indicator.

Now with regard to patience, this is more suitable for long-term investors. Examples such as to do DCA. So it takes patience and no need to rush. Because investing is for the long term. So it doesn't matter if the accumulation process is carried out slowly and patiently.


Title: Re: ~If you must trade~
Post by: ancafe on August 09, 2023, 06:31:16 AM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.
Both are important factors that traders must be able to minimize, emotions can control traders not to get involved in irresponsibility and patience as a basis so that we don't think about pursuing wealth in a short time by ignoring the level of risk contained in it

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
Traders are more at risk of loss than investments and market travel no one knows for sure because it can change so quickly, this is where patience is needed which must be controlled so that our emotions are not excessive and do not cause losses. No one can give a picture of the advantages of traders who work regularly and despite their experience, there are times when they find a loss under certain conditions.


Title: Re: ~If you must trade~
Post by: Bushdark on August 09, 2023, 03:44:16 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
As far as I have experienced in my trading activity. So I can say that for short and medium term trading it is Emotional Control that is required. Even about this emotion we also need to study very carefully (carefully). Because this will relate to one of the analyzes intended for analyzing market movements based on the emotional exposure of market participants or market sentiment. Panic behavior and greedy behavior can be seen from market movements with sentimental analysis. There are even indicators to see this, such as the fear & greed indicator.

Now with regard to patience, this is more suitable for long-term investors. Examples such as to do DCA. So it takes patience and no need to rush. Because investing is for the long term. So it doesn't matter if the accumulation process is carried out slowly and patiently.
It is always good for us to measure the way we trade so that we can adjust when necessary to get the best reukt from the market.
It is good for us as a trader to be flexible and do things with the knowledge we have and also have the mindset to learn more when we ought to since the market fluctuation and pattern do change in a way that we need consistent ability to measure the market and trade according to past events and the future one that will determine the kind of results we are going to be getting from the market.
As a trader, if we must trade, analyzing the market is one of the important techniques we need to embrace to get the best from the market always.


Title: Re: ~If you must trade~
Post by: Mame89 on August 09, 2023, 04:14:08 PM
Trading with a business mindset is the right choice, but when trading is done to get rich quick, that's where the poverty starts. For me Error = sin. So repent, and don't repeat the same mistake in trading again. The average person makes mistakes not because we don't understand the system/rules, but more because we follow our passions (emotions). By following our passions and making mistakes on purpose, it means that we inevitably have to be ready to accept punishment (losses in trading).

In essence, when trading, losses are natural, as long as it has certain limits, it's like opening a business, not every day it's always profitable, but in a matter of accumulated months and years, it's still profitable and the business can continue to grow.

when trading or investing, we must be aware of the amount of capital and the fair percentage of profit, we must realize what is the fairness of investment, we must know when to stop and must know when it is time for us to take profit.
and the worst risk of investment is the total loss of all our capital, and we must be prepared for that.


Title: Re: ~If you must trade~
Post by: abel1337 on August 09, 2023, 04:33:26 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
It all depends on the knowledge we have in trading and what we can do with it. There are people that have such a great knowledge in trading but are still scared to trade because of emotion which is the killer of all trading ability.
 There are some newbies that are still having this challenge in there trading career and one of the ways to get things done is for us to make sure that we don't spend much time demo trading because this is one of the areas we can become a weak trader that will not be able to go alive with the ability to trade with risk of earning frim the market.
 The crypt market is volatile and the only way we can trade successfully and earn from the market is to trade with confidence of using our strategies to earn from the market.
Well yes, there are traders who know what to do in an exact situation but still fails to do the right thing because their emotion ruins it. Losing your patience is a part of your emotion that is ruined by the situation, not controlling your emotion will result in having no patience at all. Even experience traders suffers from having bad trading moves because of the emotion they currently have. I admit it myself, I trade for years now but sometimes my original plan is being changed because of somekind of fear that I might lose on a trade. Maybe it's my gut but yeah, sometimes emotions ruins our trading plan.


Title: Re: ~If you must trade~
Post by: jaberwock on August 09, 2023, 04:55:19 PM
Every trader has to deal with emotions because, after all, when the market changes direction, the emotions will change and follow its mood. These emotions will lead them to other feelings, such as greed, lack of satisfaction, and indiscipline. And when the market changes fast, they will also act in a hurry, panic, and worry.

They really have to learn to control their emotions so they won't be affected by anything going on in the market and can analyze market conditions well. And when you have to trade, you must have good skills and self-control. You can analyze the market conditions and find the right time to enter and exit the market.

There is still a lot to learn before trading but it can be learned slowly. The important thing is that you have to learn to trade well and also learn to control yourself.
As long as your emotions are on its normal level, you don't need to worry about it because you will still end up on doing the right thing. It's just that there are only people whose emotion can switch easily depending on the situation not only in terms of trading.

Everyone is welcome in trading, whether you are skillful already or not but it would be better if they can deal with their emotions first before they enter the world of trading or other important activities so that it won't be a hindrance to them. Acting quick is beneficial in trading. Not only emotional trader has this mannerism. It was investing is where you need to be calm the most.


Title: Re: ~If you must trade~
Post by: Tomcolor on August 09, 2023, 06:27:31 PM
Trading is our personal emotion so no one will force you everyone here knows exactly how much research is needed to improve your trading skills. Moreover trading is a different kind of processing that is different from other businesses. The amount of risk you take from trading is high and you can lose big capital but if you start small your losses will be less.


Title: Re: ~If you must trade~
Post by: HONDACD125 on August 09, 2023, 08:04:54 PM
Trading is our personal emotion so no one will force you everyone here knows exactly how much research is needed to improve your trading skills. Moreover trading is a different kind of processing that is different from other businesses. The amount of risk you take from trading is high and you can lose big capital but if you start small your losses will be less.

I think trading can't be called a personal emotion, but rather a skill that we can use to earn profit.  I think trading can be disadvantageous for newbies because a good experience, knowledge and analysis is very important here. There are risks of loss in trading but the rate of profit is also very good. An experienced trader can make a good profit by applying his analysis and experience. Trading with large capital should always be done when you have complete mastery of trading. You are right that newbies should always start their trading with small amounts so that the risk of loss is minimal. Of course, trading is different from other businesses, but instead of taking risks, try to learn first.


Title: Re: ~If you must trade~
Post by: Nwada001 on August 09, 2023, 08:32:28 PM
But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.

If you are a day trader, then you should consider taking the emotional factor very seriously, as it is among the factors with the greatest risk. Trading when you are emotionally down can lead to a great loss, as the trader will be taking some uncalculated risk since they are not in the right state of mind. As a result of this, he or she can experience a huge loss in trade. That's why it's always advisable for Someone who has lost heavily on trade to take a break that day and consider it a stop point.
 
For long-time traders, patience is one of the keys that leads to huge profits, but this is dependent on which currency you are holding, as not all Crypto out there is worth holding for a long period of time expecting profit from it, as it can lead to either no liquidity or a total loss. But when it comes to coins like Bitcoin, which have been considered trusted after a long period of existence, patience is definitely what can lead you to a huge profit. But why wait patiently for the bull run? Don't be too greedy unless you are a strong decision-maker.


Title: Re: ~If you must trade~
Post by: mirakal on August 09, 2023, 09:32:02 PM
Being emotional and being impatient in trading will only result in one thing, that is losing from your trades. So both should be managed well in trading, otherwise there’s no possible chances to win your trades.

Emotions are always the reasons why traders cannot completely focus to their trades. Once they are destructed and mentally bothered, then let’s assume that those trades will never be worthy and will never be successfully done.


Title: Re: ~If you must trade~
Post by: suzanne5223 on August 09, 2023, 11:56:49 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most.
Both emotion and patience have a role to play as one of the factors that affect traders but emotion seems to be the worse factor because emotion can lead to impulsive and irrational decisions which sometimes lead to not having the needed patience.
If emotion is put in check the crypto trader will have no issue with patience.


Title: Re: ~If you must trade~
Post by: Sebas.tian on August 10, 2023, 06:55:36 AM
I think, patient can help a traders to make 70% profits from crypto trading because many potential traders that are doing well in crypto trading today apply patient in their holding before they can trade to achieve their desire from the market.  If you apply emotion in your crypto trading in the market, it will be difficult for you to get what you want at the moment because it will not make you to carry out your personal research to know if the market will be profitable or not, because you have been carry away by emotion. Now that the price of coins has decreased from the market in this season, it's not advisable for traders to trade in this bear season, if truly they want to make a good profits from their trading than to exercise patience for bull season to come before they can trade to smile.


Title: Re: ~If you must trade~
Post by: Ahli38 on August 10, 2023, 08:08:04 AM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
As far as I have experienced in my trading activity. So I can say that for short and medium term trading it is Emotional Control that is required. Even about this emotion we also need to study very carefully (carefully). Because this will relate to one of the analyzes intended for analyzing market movements based on the emotional exposure of market participants or market sentiment. Panic behavior and greedy behavior can be seen from market movements with sentimental analysis. There are even indicators to see this, such as the fear & greed indicator.

Now with regard to patience, this is more suitable for long-term investors. Examples such as to do DCA. So it takes patience and no need to rush. Because investing is for the long term. So it doesn't matter if the accumulation process is carried out slowly and patiently.
It is always good for us to measure the way we trade so that we can adjust when necessary to get the best reukt from the market.
It is good for us as a trader to be flexible and do things with the knowledge we have and also have the mindset to learn more when we ought to since the market fluctuation and pattern do change in a way that we need consistent ability to measure the market and trade according to past events and the future one that will determine the kind of results we are going to be getting from the market.
As a trader, if we must trade, analyzing the market is one of the important techniques we need to embrace to get the best from the market always.
Well that's right. In real trading we really have to keep learning and learning. Because even in the analyzes that we have studied, they also continue to experience developments according to the market situation which has also changed from time to time. a few years ago the analysis using candlestick patterns on the market had a fairly high level of accuracy. But at this time many candle patterns have been formed but in fact they are only deceptions made by big traders in the market (manipulation of market price movements). So nowadays there are even fake candle patterns and such. And are new things that we have to learn as well and we also have to know their characteristics. The bottom line is that learning to trade today is more complex or more complicated than it was in the past or a few years ago. But if it's about fundamental analysis then that level of accuracy is always the most effective. We must continue to adapt to the market and understand market movements more carefully. But if we already understand market movements then trading actually becomes more fun.


Title: Re: ~If you must trade~
Post by: tbct_mt2 on August 10, 2023, 08:35:59 AM
In real trading we really have to keep learning and learning. Because even in the analyzes that we have studied, they also continue to experience developments according to the market situation which has also changed from time to time. a few years ago the analysis using candlestick patterns on the market had a fairly high level of accuracy. But at this time many candle patterns have been formed but in fact they are only deceptions made by big traders in the market (manipulation of market price movements). So nowadays there are even fake candle patterns and such.
The market cap of cryptocurrency market and its trading volume are very smaller than traditional markets. If candles, patterns can work, they will work with traditional market to cryptocurrency market.

A market with smaller trading volume will be more easily manipulated. You did not know about Bitcoin market in the past but you can see how altcoins can be more easily manipulated nowadays, you will see part of Bitcoin market in the past.

Quote
And are new things that we have to learn as well and we also have to know their characteristics.
Only if you know what are whales you want to follow up. If you don't know who they are and their manipulation styles, you can not do anything.

Generally you must learn about the Psychology of the market cycles (https://fifthperson.com/psychology-market-cycles/) that is general and works for all markets.


Title: Re: ~If you must trade~
Post by: justdimin on August 11, 2023, 03:25:50 PM
In real trading we really have to keep learning and learning. Because even in the analyzes that we have studied, they also continue to experience developments according to the market situation which has also changed from time to time. a few years ago the analysis using candlestick patterns on the market had a fairly high level of accuracy. But at this time many candle patterns have been formed but in fact they are only deceptions made by big traders in the market (manipulation of market price movements). So nowadays there are even fake candle patterns and such.
The market cap of cryptocurrency market and its trading volume are very smaller than traditional markets. If candles, patterns can work, they will work with traditional market to cryptocurrency market.

A market with smaller trading volume will be more easily manipulated. You did not know about Bitcoin market in the past but you can see how altcoins can be more easily manipulated nowadays, you will see part of Bitcoin market in the past.
This is how pump and dump happens, we have seen a lot of low volume coins, the ones that have like 10 million dollars or less volume, and any whale with that much money could end up buying like a million dollars worth over time, and make it go up, and create a fake hype around it, think of it like buying up 100k worths per day for 10 days in a row, that's a million dollars and nothing to some people.

But if you keep doing that then the price will skyrocket, you can cover even the sellers, and keep doing it, so people start to think it's a sustained increase, and then suddenly you sell all one million dollars worth of it and make a profit. Everyone should be careful about it, it's a risk we do not have to take if we do not want to.


Title: Re: ~If you must trade~
Post by: Nrcewker on August 11, 2023, 04:50:50 PM
Patience plays the key role to make good profits. But if you lose patience and keep on panicking and complaining, then you increase the overall loss associated with the trades. Emotions do also hamper the trader’s profit margins, but patience is the main reason why traders sell the coins and later those coins grow in their price. If a trader can handle both of them and work really hard on it, then definitely he can see huge changes in his daily profits. I am saying this from my personal experience only.


Title: Re: ~If you must trade~
Post by: jostorres on August 11, 2023, 08:04:29 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
I think emotions play a major role in trading and if you can't control your emotions then you are bound to lose your money in trading.
If you control your emotions, you automatically improve your patience level and wait for the right time to enter and exit the market.
That's right and that is what most guys are saying here if you will read most of the replies. Apart from losing, I think a strong uncontrollable emotion can also bring us some good stuffs sometimes like a big profit but we should only learn how to stop and try to not do it again for a while so that we can enjoy the profits that we have made earlier. Patients must also be a kind of emotion.

If you can successfully control your emotions, that means you can also extend your patience which was a good thing if you will mostly apply it in investing because a bull run can take a long time to occur but once we sell during it, we can earn profits which are better than what we can get in trading.


Title: Re: ~If you must trade~
Post by: Sanitough on August 11, 2023, 08:48:54 PM
Patience plays the key role to make good profits. But if you lose patience and keep on panicking and complaining, then you increase the overall loss associated with the trades. Emotions do also hamper the trader’s profit margins, but patience is the main reason why traders sell the coins and later those coins grow in their price. If a trader can handle both of them and work really hard on it, then definitely he can see huge changes in his daily profits. I am saying this from my personal experience only.
Indeed. Patience is crucial in trading. Most especially that the crypto market is highly changing, then creating hasty decisions that makes you impatient and totally lose your emotion’s control, will definitely put your trades into frustration. I believe real traders can relate to this. Because being a trader should not only focus on the results, but should also give high attention to its process.


Title: Re: ~If you must trade~
Post by: Rengga Jati on August 11, 2023, 09:46:27 PM
All of that is included in the control and management of emotions. Our emotions cover several aspects of our reactions to something, in this case to the crypto market. How sensitive are we, how strong are we mentally, how big is our level of patience, and how good are we not to panic, are also part of controlling emotions. In this case , the better the management and court, the better the effect will be in investing in crypto, which is actually high risk.

If we cannot control our emotions, then it is possible that we will panic, get angry, get stressed more easily, and also get out of control because of our impatience. So, all of these aspects must support each other. Because after all, the results we expect will be in accordance with what we are trying, as long as we really want it. Try always to control your emotion


Title: Re: ~If you must trade~
Post by: bitLeap on August 12, 2023, 08:18:36 AM
Patience plays the key role to make good profits. But if you lose patience and keep on panicking and complaining, then you increase the overall loss associated with the trades. Emotions do also hamper the trader’s profit margins, but patience is the main reason why traders sell the coins and later those coins grow in their price. If a trader can handle both of them and work really hard on it, then definitely he can see huge changes in his daily profits. I am saying this from my personal experience only.
And also we should be able to put patience in the right place. If we are patient but in the wrong place, of course that is also not a good choice.
I mean, which assets do we hold so we have to be patient? if we hold bitcoin, then obviously we have to wait patiently. Unlike when we hold memecoins for example, I don't recommend being patient. Because usually in memecoin if we are just a little late then it will bring us into loss.
The conclusion is that we must be able to be patient with extensive knowledge.


Title: Re: ~If you must trade~
Post by: Rivaldine on August 12, 2023, 08:37:19 AM
It has always been the "emotion" that has wrecked even the best of traders. Fear of loosing much and the greed of not wanting to take profit when supposed. Many traders have very perfect speculation of what the market is and the possible outcome but they prefer to violate their own rules by compromising when they see perfection has been achieved.


Title: Re: ~If you must trade~
Post by: kamvreto on August 12, 2023, 06:12:44 PM
It has always been the "emotion" that has wrecked even the best of traders. Fear of loosing much and the greed of not wanting to take profit when supposed. Many traders have very perfect speculation of what the market is and the possible outcome but they prefer to violate their own rules by compromising when they see perfection has been achieved.

Violating the rules that have been made will certainly have consequences in the end. Those who are driven by emotion, are too greedy and do not have the readiness to tackle every problem when trading. People like that will never reach their peak, they will even tend to regret decisions that are not taken properly. They don't manage properly so trading will only give you losses and no increase whatsoever.


Title: Re: ~If you must trade~
Post by: tygeade on August 12, 2023, 07:26:40 PM
I think patience is quite influential, but it is something that is difficult to apply, because one's emotions are quite difficult to control so one can lose patience, and it is true that many non-technical factors affect trading and the biggest ones are greed and emotion.

But technical is also important, it is the part outside of the actual emotional influence to be able to control it, but apart from personally I think before trading we must be prepared to control ourselves from all negative things to avoid losses.
Emotions are easy to control if you know any method or studied any psychology. I can tell you that I have a breathing method that calms me down whenever I feel any emotions, I just rid myself of the emotion of that moment and make sure that I am at a reset point and feeling nothing. I know that sounds like a big thing but believe me if I can do it then everyone can.

I used to be a lot more angrier person, I used to be someone who constantly cursed and yelled and angry all the time, so I had to change who I was and now I am much calmer and much better person or at least I try to be a much better person whenever I can, and whatever I can do to be a better person I try to do that. If I can, then you can too, just work on it.


Title: Re: ~If you must trade~
Post by: HONDACD125 on August 12, 2023, 08:47:03 PM


If we cannot control our emotions, then it is possible that we will panic, get angry, get stressed more easily, and also get out of control because of our impatience. So, all of these aspects must support each other. Because after all, the results we expect will be in accordance with what we are trying, as long as we really want it. Try always to control your emotion

This platform is definitely not for sentimental people. Trading in the crypto currency market requires courage and patience. The market never goes our way, but we have to go with the market. People who follow the trend are always successful and earn good profits. Those people who use their emotions to play the trend always trade at a loss. Emotions, impatience, stress and panic have no place in the crypto currency market. There are successful people who understand the pros and cons of trading and always trade consistently. Profit and loss are part of every business so we need to understand these things.


Title: Re: ~If you must trade~
Post by: Distinctin on August 12, 2023, 08:59:36 PM
I would say having good patience will leave your trading successfully right. Once you’re patient enough, it’s as good as your emotions are not wild and are still in control. With patience, you will be able to focus and target what’s in your goal without pressuring yourself to trade even if the market is still in a bad shape. And if you have the right patience as a successful trader, surely you will also be potential long term investor as well.


Title: Re: ~If you must trade~
Post by: wxa7115 on August 13, 2023, 02:50:30 AM
It has always been the "emotion" that has wrecked even the best of traders. Fear of loosing much and the greed of not wanting to take profit when supposed. Many traders have very perfect speculation of what the market is and the possible outcome but they prefer to violate their own rules by compromising when they see perfection has been achieved.
And that is because trading imitates life, during our life we take millions of decision which do not really change our lives and not much would have changed if we had chosen another option.

However there are a few decisions that can make our life take a turn for the better or for the worse, and trading is exactly the same, and those are the decisions which test our abilities as traders, and if at the time we break our own trading rules then it is likely that things are not going to turn right for us.


Title: Re: ~If you must trade~
Post by: Xampeuu on August 13, 2023, 08:04:43 AM
It has always been the "emotion" that has wrecked even the best of traders. Fear of loosing much and the greed of not wanting to take profit when supposed. Many traders have very perfect speculation of what the market is and the possible outcome but they prefer to violate their own rules by compromising when they see perfection has been achieved.
And that is because trading imitates life, during our life we take millions of decision which do not really change our lives and not much would have changed if we had chosen another option.

However there are a few decisions that can make our life take a turn for the better or for the worse, and trading is exactly the same, and those are the decisions which test our abilities as traders, and if at the time we break our own trading rules then it is likely that things are not going to turn right for us.
the decisions we make must be based on personal analysis so as to result in a decision to transact, so we must realize that the decision carries a risk, so that if a bad reality occurs it will not be a deep disappointment, but instead we can make it a lesson so that later we can fix it gradually, until finally we will have a wealth of knowledge in trading. therefore the key is basically we have to be patient to process


Title: Re: ~If you must trade~
Post by: RockBell on August 13, 2023, 07:01:18 PM
I would say having good patience will leave your trading successfully right. Once you’re patient enough, it’s as good as your emotions are not wild and are still in control. With patience, you will be able to focus and target what’s in your goal without pressuring yourself to trade even if the market is still in a bad shape. And if you have the right patience as a successful trader, surely you will also be potential long term investor as well.

For both long-term investors and those who engage in daily trading, patience is the key to enjoying bitcoin investments. However, in addition to having patience, you also need to be emotionally prepared because investing in bitcoin may be stressful, particularly when there are market-affecting news events. I learned that investing in bitcoin follows similar rules to other types of investments there are certain requirements to be met before you can start reaping the rewards. Even holding for a long time is difficult, but when you consider the potential return, you will be forced to wait. If you have another source of income, this is the only time you will truly enjoy investing in bitcoin. All is still involves patience.


Title: Re: ~If you must trade~
Post by: palle11 on August 13, 2023, 07:45:49 PM

It has always been the "emotion" that has wrecked even the best of traders. Fear of loosing much and the greed of not wanting to take profit when supposed. Many traders have very perfect speculation of what the market is and the possible outcome but they prefer to violate their own rules by compromising when they see perfection has been achieved.


I believe that those you called best of traders have better knowledge on how to handle such thing as emotion. They know that the emotion is what takes them out of control and so they have to properly guide against it and a sure way to bring emotion down is to trade with low risk especially when the market is volatile. Another way is to understand the times of the market when it is ranging and highly volatile because of huge buy or sell. These times are such that a better trader is careful not to allow the emotion to have a better part of them.


Title: Re: ~If you must trade~
Post by: Bitcoin_people on August 15, 2023, 02:51:12 AM
To trade in crypto you must first develop passion and patience so that you can break even if you face losses. Many times it is seen that those who trade without understanding they face losses and lose patience due to which they become very emotional. In that case, if you trade emotionally, it will never be possible to succeed but you will have to face losses constantly. That's why a trader first needs to gain good knowledge about the market, then he can make a profit when he can get an idea about trading. When you start trading you must keep in mind that you should buy when the market goes down and sell when it goes up to make a profit. Moreover if you want to be successful then you need to take advice from traders who have already been successful in trading so that you can move ahead in future trading.


Title: Re: ~If you must trade~
Post by: fauzan Ichsan on August 15, 2023, 03:15:43 AM

It has always been the "emotion" that has wrecked even the best of traders. Fear of loosing much and the greed of not wanting to take profit when supposed. Many traders have very perfect speculation of what the market is and the possible outcome but they prefer to violate their own rules by compromising when they see perfection has been achieved.


I believe that those you called best of traders have better knowledge on how to handle such thing as emotion. They know that the emotion is what takes them out of control and so they have to properly guide against it and a sure way to bring emotion down is to trade with low risk especially when the market is volatile. Another way is to understand the times of the market when it is ranging and highly volatile because of huge buy or sell. These times are such that a better trader is careful not to allow the emotion to have a better part of them.
Emotions are the biggest obstacle to becoming a successful trader. and emotions can be controlled with us through a lot of training so that we gain experience, with pressure and over time we will be able to understand ourselves. from analysis and money management, sometimes we know things that should not be done, but because of a high emotional side, for example greed, we actually do actions that should be prohibited


Title: Re: ~If you must trade~
Post by: crwth on August 15, 2023, 03:20:42 AM
For the members who said that it's about emotion, I agree with you. Most people, not just traders, lose it when emotions are involved. Imagine someone having that feeling brewing inside them, and when it pops, it's just not under control. It's dangerous when we are talking about emotions.

Many people agree that it's one of the causes that could make you lose a trade and be emotional and feel that you could overcome it because you have thought of it before. It's dangerous to rely on emotions.


Title: Re: ~If you must trade~
Post by: jostorres on August 15, 2023, 05:15:04 AM
Trading is our personal emotion so no one will force you everyone here knows exactly how much research is needed to improve your trading skills. Moreover trading is a different kind of processing that is different from other businesses. The amount of risk you take from trading is high and you can lose big capital but if you start small your losses will be less.
Well, the question of losing the capital only comes when a person doesn't prepare enough before getting their hands inside the market. A newbie is not supposed to start trading right after learning about cryptocurrencies and a trading platform because it is not that easy to earn money in this world, if it was, the number of millionaires would have been countless by now, but because things are not that easy, some people just can't get used to them and quit.

If a newbie starts learning the basics and then jump into learning the complex methods and metrics, they will learn the things in a pretty good manner, and once they are done with that, they would know exactly what they need to do with their money and they won't let themselves lose it then.


Title: Re: ~If you must trade~
Post by: Ahli38 on August 15, 2023, 10:14:18 AM
For the members who said that it's about emotion, I agree with you. Most people, not just traders, lose it when emotions are involved. Imagine someone having that feeling brewing inside them, and when it pops, it's just not under control. It's dangerous when we are talking about emotions.

Many people agree that it's one of the causes that could make you lose a trade and be emotional and feel that you could overcome it because you have thought of it before. It's dangerous to rely on emotions.
One of the most difficult things to master in the trading world is emotional control. Even someone who is proficient in making market analysis and is able to make good strategies and plans in his trading will still be able to experience fatal losses if he cannot control his emotions in trading. because if a trader cannot control his emotions then he will tend to get out of the initial plan he has made (disrupting his own planing). And actually about emotional control can not be learned instantly. But we will indeed be able to control emotions more and more when we are more and more involved in trading. Or we will be more adept at controlling emotions when we have more and more experience in trading in the market. Even if we study trading psychology from the very beginning. Still, the theories that have been learned are sometimes ignored by us, when we are in a state of being controlled by our own emotions. The scariest of emotions in trading is FOMO. Because FOMO is one of the many reasons why more beginners experience big losses in trading.


Title: Re: ~If you must trade~
Post by: Timmzzy on August 16, 2023, 02:34:35 AM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.

I see this two factors as the consistence win rate people miss out, because if you are patient you will see what the market has to off now when you are too emotional about your being patient thats when you screw out the patient side of you and so doing you have messed up you thought. Thats why the English-speaking of trading psychology comes in.


Title: Re: ~If you must trade~
Post by: CarnagexD on August 17, 2023, 03:23:11 PM
I think emotion is the biggest enemy of trader, the biggest emotion is fear and Greed. You fear when the market at lowest point and greed when at the top of point.

you need control your emotion so you can manage your money when you are loses or dont overtrade when you made a profit.

Know when Stop Loss and know when take profit

Emotion is not an enemy. It is actually what drives the trader to be the best and most consistent of his career. That is when you use your emotion on your side. But if you have it against you, then your doing it the hard and wrong way. Trading is an internal game, th only pressure is the pressure you put on yourself.


Title: Re: ~If you must trade~
Post by: jossiel on August 17, 2023, 04:20:55 PM
Emotion really can play a big part for all of our trades.

Let's say that we've won most of our trades and there's this last time that we want to keep up before we close the trading tab. And that's all about emotion and you're not satisfied yet with your trades for this day.

That could end up with a bad trade because you think that it's not enough yet and despite that you've won enough. And so your emotion have moved you to the pit instead.


Title: Re: ~If you must trade~
Post by: irhact on August 17, 2023, 05:26:29 PM
I would say having good patience will leave your trading successfully right. Once you’re patient enough, it’s as good as your emotions are not wild and are still in control. With patience, you will be able to focus and target what’s in your goal without pressuring yourself to trade even if the market is still in a bad shape. And if you have the right patience as a successful trader, surely you will also be potential long term investor as well.

Patience come from having a good discipline and a focused mindset and that's what every good trader most have because when you're not discipline you can easily be distracted and we have alot of distraction that can make you to lose focus of your trading goals by making you make a big mistake with your trades. Patience is needed because the market movement can change at anytime and you should not hurry to close a trade that isn't working in your favor.

If you studied the charts properly and know that your interpretation are correct, have patience with the market and keep holding your coins. And this is why you should only trade when you know how to trade properly so you can make decision based on your experiences.


Title: Re: ~If you must trade~
Post by: Japinat on August 17, 2023, 06:59:16 PM
For the members who said that it's about emotion, I agree with you. Most people, not just traders, lose it when emotions are involved. Imagine someone having that feeling brewing inside them, and when it pops, it's just not under control. It's dangerous when we are talking about emotions.

Many people agree that it's one of the causes that could make you lose a trade and be emotional and feel that you could overcome it because you have thought of it before. It's dangerous to rely on emotions.
Emotions will only ruin what’s in your original plan. Although it’s hard to control our emotions especially we have that sense of affection, but if we can’t deal our emotions professionally, then we will never see the success that we are capable of doing.

Unfortunately, a lot of traders and even crypto investors have fall out from their goals because of emotions. That’s the reason why emotions should be banned when we trade, but since we are only human beings, if we can’t stop it from being emotional, at least we can somehow learn to lessen or minimize our emotions so it won’t be a distraction to reach our goals when we trade or invest.


Title: Re: ~If you must trade~
Post by: sulendra12 on August 17, 2023, 08:40:54 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
Pretty sure patience is a part of human emotion and it's related. If you have a bad day and angry(emotion) then pretty much you would not have any patience to do anything and to wait something. They are correlated to each other and you can't deny that, as a human you have the right to minimize the bad things because of how badly you manage your emotions and as well as your patience.

That's why traders have different result despite they choose the same tokens/coins to invest, they manage the emotions differently.


Title: Re: ~If you must trade~
Post by: Cling18 on August 17, 2023, 09:59:21 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
Pretty sure patience is a part of human emotion and it's related. If you have a bad day and angry(emotion) then pretty much you would not have any patience to do anything and to wait something. They are correlated to each other and you can't deny that, as a human you have the right to minimize the bad things because of how badly you manage your emotions and as well as your patience.

That's why traders have different result despite they choose the same tokens/coins to invest, they manage the emotions differently.

Patience has a big role in our trading journey. Lack of it could result to worse scenarios in the future and might lead into greed and wrong decisions. It is really important that we'll be patient as we couldn't really expect an instant profit here since the market is volatile and we have to deal with the changes all the time.
There's no space for impatient people when it comes to trading because those who are rushing to make profit usually end up into huge losses or might also the reason to make mistakes and wrong decisions.
It is fine to feel emotional sometimes but we shouldn't let our emotions decide for us. We should still focus on our goals while carefully making right decisions than to expect big profit instantly as there's no shortcut to getting rich here.


Title: Re: ~If you must trade~
Post by: Bitcoin_people on August 19, 2023, 04:10:48 AM
Emotion really can play a big part for all of our trades.

Let's say that we've won most of our trades and there's this last time that we want to keep up before we close the trading tab. And that's all about emotion and you're not satisfied yet with your trades for this day.

That could end up with a bad trade because you think that it's not enough yet and despite that you've won enough. And so your emotion have moved you to the pit instead.
It is true that emotion should never be traded because emotion always drives people downwards. In that case, to gain in trading, one must be well experienced and learn well about trading. It is not a good sign for a business person to become emotional if he suffers any loss while pursuing his goal of making money. So one has to control the emotions in the trading field and be patient in order to move the trade forward only then it is possible to profit in the future.


Title: Re: ~If you must trade~
Post by: armanda90 on August 19, 2023, 05:20:09 AM
Having good patience is not really good because we loss opportunity selling some coins on higher price, but many trader loss their controlling and patience waiting for price pump and many people keep holding although have raise more profitable. Need balance for patience in trading in cryptocurrency, we have to know when moment for selling and buying coins before facing with price up and down. In trading not only have manage will with patience but also trader have controlling their emotion,
its important when facing moment FUD with many trader panic cut loss don't allow with their way for selling assets in lower price, keep holding and controlling emotion waiting until price pump.


Title: Re: ~If you must trade~
Post by: Ricardo11 on September 01, 2023, 04:25:33 PM
I trading any time and I trading using my own trading strategy. Everyone should have their own trading strategy. When you trading, trading with courage and patience. Because patience and courage are very important while trading. If you are impatient and trading with poor morale, it will not allow you to make the right decisions and you will not be able to trading at the right time, as a result you will only lose. So you have to be patient and develop a trading strategy of your own and trading in the space that you can handle properly.


Title: Re: ~If you must trade~
Post by: Kasabus on September 01, 2023, 05:37:53 PM
For the members who said that it's about emotion, I agree with you. Most people, not just traders, lose it when emotions are involved. Imagine someone having that feeling brewing inside them, and when it pops, it's just not under control. It's dangerous when we are talking about emotions.

Many people agree that it's one of the causes that could make you lose a trade and be emotional and feel that you could overcome it because you have thought of it before. It's dangerous to rely on emotions.
Traders are certainly battling with their own emotions. Without emotional control when you trade, it's like you only trade to lose. That is why emotions when tolerated in trading will only lead to more losses and frustrations. Also, patience plays a big role in successful trading. You can't be one profitable trader and crypto investor if you can't be patient not just for short duration but certainly for long term.


Title: Re: ~If you must trade~
Post by: MFahad on September 01, 2023, 06:27:43 PM
I trading any time and I trading using my own trading strategy. Everyone should have their own trading strategy. When you trading, trading with courage and patience. Because patience and courage are very important while trading. If you are impatient and trading with poor morale, it will not allow you to make the right decisions and you will not be able to trading at the right time, as a result you will only lose. So you have to be patient and develop a trading strategy of your own and trading in the space that you can handle properly.

Agree with you as if a person is using his own trading strategies then he will easily manage all the conditions and if copying from others then many difficulties can originates in a way.

 In this era one will be his own courage because no one appreciates the works of others and if you are satisfied with your profit and work then it will enhance your courage therefore it is necessary to be thankful for your achievement whether its a big or small.

Patience plays an important role in one's success but it should be keep in mind that patience and active activeness are two different things, some people don't remain active to examine the price even they become silent when they have profit but its not a type of patience.

 This silence which holders consider as patience sometimes skip all the useful events in which holders can get huge profit so I will suggest that patience is necessary but remains active is also very important.


Title: Re: ~If you must trade~
Post by: Ki kos on September 11, 2023, 05:01:23 PM
I think it is important to have a good understanding of the trade before trading.Then acquire good skills on trading.
Another thing is that not everyone can be a trader, you have to spend a lot of time and be patient after this trading.If I don't have patience in this trading, then we will not be able to succeed in trading. And you have to have some way to trade yourself so that you don't lose when you trade.


Title: Re: ~If you must trade~
Post by: Franctoshi on September 11, 2023, 05:47:23 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most.

If you take a microscopic view of the two "Emotion and patience" you would see that emotion gave birth to patience, meaning that if you remove emotion from attaching it to your trading decisions, you will be patient or at peace with your trades, in the sense that you won't be in a hurry to take trades, close trades unnecessarily, and generally you will be patient with trading set up and conditions to be met.


Title: Re: ~If you must trade~
Post by: freedomgo on September 11, 2023, 06:11:21 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most.

If you take a microscopic view of the two "Emotion and patience" you would see that emotion gave birth to patience, meaning that if you remove emotion from attaching it to your trading decisions, you will be patient or at peace with your trades, in the sense that you won't be in a hurry to take trades, close trades unnecessarily, and generally you will be patient with trading set up and conditions to be met.
True. Being patient is still part of your positive emotions. Without emotions, patience will never also come in reality. While emotions is never necessary when trading that you need to avoid it as much as you can, but patience comes with crucial role in the crypto market most particularly if you are in a trading scenario. The more you become patient to your trades, the rare you become impulsive that makes you create wrong decision making that will turn your future profits into future losses.


Title: Re: ~If you must trade~
Post by: Y3shot on September 14, 2023, 12:52:49 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses
This two factors are never good for trading , they both have the same consequence in trading if a trader have it has a trait. Emotions can make a trader to be disorganised not knowing what to do, and Emotions can also be responsible for the lack of patience.  The lack of patience can also exist on its own without Emotions,  lack of patience is as a result of to make profit from trading so fast. Emotions and patience are great factors that can hinder a trade from making profit,  this trait should not be find as a characteristics of a trader.


Title: Re: ~If you must trade~
Post by: gunhell16 on September 15, 2023, 03:09:16 PM
I think emotion is the biggest enemy of trader, the biggest emotion is fear and Greed. You fear when the market at lowest point and greed when at the top of point.

you need control your emotion so you can manage your money when you are loses or dont overtrade when you made a profit.

Know when Stop Loss and know when take profit

Yes, that's true; our emotions are the enemy, and it's like we're fighting against ourselves. There are only two possibilities: you or we will be controlled by emotions, or we will be controlled by emotions. It's just that what often happens is that most people are overcome by their emotions, so the result is that because we can control our emotions, our patience is now affected.

But if we can control our emotions, of course the result will be that even if the situation is not good, we will be able to handle it calmly because we know the steps to take.


Title: Re: ~If you must trade~
Post by: Out of mind on September 15, 2023, 03:51:35 PM
If you are starting a business, then the first thing you need to do is think positive. If you have negative thoughts before trading and are not patient, you will never be successful in trading. If you can eliminate and control your emotions and negative thoughts, you can become a successful and experienced trader. If you trade patiently then you can definitely increase your profit and if you are emotional then you will never be able to earn. You must work with good thinking and patience to be successful, but you can be a good businessman. Most people can't succeed in business only because they don't control their emotions and patience, that's why they need to influence these things properly first.


Title: Re: ~If you must trade~
Post by: bitcrystal on October 03, 2023, 06:52:34 PM
sounds like this two go hand in hand because how well you control your emotions will determine if you will be patient enough or not. taking a whole of time to wait for a trade set up to complete is one of the hardest thing especially for newbie traders because every time they see something they just feel like pressing the buy or sell button. a trader needs to have these two trait in shape to reduce their loses.


Title: Re: ~If you must trade~
Post by: Hamphser on October 03, 2023, 06:57:57 PM
I think emotion is the biggest enemy of trader, the biggest emotion is fear and Greed. You fear when the market at lowest point and greed when at the top of point.

you need control your emotion so you can manage your money when you are loses or dont overtrade when you made a profit.

Know when Stop Loss and know when take profit

Yes, that's true; our emotions are the enemy, and it's like we're fighting against ourselves. There are only two possibilities: you or we will be controlled by emotions, or we will be controlled by emotions. It's just that what often happens is that most people are overcome by their emotions, so the result is that because we can control our emotions, our patience is now affected.

But if we can control our emotions, of course the result will be that even if the situation is not good, we will be able to handle it calmly because we know the steps to take.
It is true that in trading it will be very difficult for us to control our emotions. If we cannot control our emotions, it is very likely that we will experience losses and if we can control our emotions in trading, this can reduce the possibility of losses occurring. When trading, we need to train ourselves to be able to control our emotions because if we can control our emotions, we will be wiser in making trading decisions.
Anything that on your first time would really be that difficult and this isnt only applicable on trading but on all things on which we are tending to engage on on which it would really be that resulting into those mistakes

which are normal since we dont really have that actual experience and knowledge towards it.This is why it would really be that so normal that errors would really be faced up along the way and this is really just that wise that you do really need to take up that kind of adaptation in regarding on the situation on which it would really be just that so normal that you would be needing to make yourself that wise.
Study and reassess on the  errors that you had commited and trying out to adjust accordingly on the situation.Its never been easy on dealing up with trading yet you wont really be just needing to adjust
in regarding with your emotions but also with your psychological aspect and this is something that must really be that mindful on doing so.


Title: Re: ~If you must trade~
Post by: DVlog on October 03, 2023, 07:30:39 PM
For the members who said that it's about emotion, I agree with you. Most people, not just traders, lose it when emotions are involved. Imagine someone having that feeling brewing inside them, and when it pops, it's just not under control. It's dangerous when we are talking about emotions.

Many people agree that it's one of the causes that could make you lose a trade and be emotional and feel that you could overcome it because you have thought of it before. It's dangerous to rely on emotions.
Traders are certainly battling with their own emotions. Without emotional control when you trade, it's like you only trade to lose. That is why emotions when tolerated in trading will only lead to more losses and frustrations. Also, patience plays a big role in successful trading. You can't be one profitable trader and crypto investor if you can't be patient not just for short duration but certainly for long term.

It is hard to control your emotions when you see that your portfolio is -30% and still going down. If you can not exercise emotional control then create a great money management strategy. No matter what the situation of the market is if you can follow your money management strategy your portfolio will not be drastically down. You can take some losses but they will not be half within a few trades.


Title: Re: ~If you must trade~
Post by: Vaculin on October 03, 2023, 08:50:39 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most.

If you take a microscopic view of the two "Emotion and patience" you would see that emotion gave birth to patience, meaning that if you remove emotion from attaching it to your trading decisions, you will be patient or at peace with your trades, in the sense that you won't be in a hurry to take trades, close trades unnecessarily, and generally you will be patient with trading set up and conditions to be met.
Being patient is part of your emotions, but being emotional when it comes to trading is always a bad idea since it will push you to  buy at market tops and sell at a market bottom. When that happens, you are not trading the way how it should be but you are doing it for a loss. However, being patient in trading is certainly the best possible emotion you should adopt. If patience is not present, I don't think trading will come out worthwhile and profitable in the end.


Title: Re: ~If you must trade~
Post by: wiss19 on October 11, 2023, 07:29:50 AM
If you are starting a business, then the first thing you need to do is think positive.
Not only in trading or businesses, one needs to have a positive attitude towards everything they do in life, that's how you tackle problems without letting them affect you or things related to you including a business or a work that you are doing.

If you have negative thoughts before trading and are not patient, you will never be successful in trading. If you can eliminate and control your emotions and negative thoughts, you can become a successful and experienced trader.
Well, patience is needed, of course. One can't be emotionally unstable and still manage to take the best decisions for their trades or anything that they are doing. That's why, when someone is trading, they need to have a lot of control over their emotions and thoughts.

If you trade patiently then you can definitely increase your profit and if you are emotional then you will never be able to earn.
One might be able to earn, but that will make them not take the best decisions at the right time which might make them lose a lot of juicy opportunities.

Most people can't succeed in business only because they don't control their emotions and patience, that's why they need to influence these things properly first.
A decision influenced by emotions will barely turn out to be a good one, so, what you said is right.


Title: Re: ~If you must trade~
Post by: Ahli38 on October 11, 2023, 08:57:25 AM
I think it is important to have a good understanding of the trade before trading.Then acquire good skills on trading.
Another thing is that not everyone can be a trader, you have to spend a lot of time and be patient after this trading.If I don't have patience in this trading, then we will not be able to succeed in trading. And you have to have some way to trade yourself so that you don't lose when you trade.
Trading is actually quite simple. And technically it is very easy to learn. But the most difficult part of trading is controlling your emotions. Our patience may even disappear if we are not good at managing our own emotions. Patience is actually like a fortress in holding back our emotions so they don't run wild. But to be able to use this fortress to be stronger in guarding your emotions, you need a lot of insight and experience. Because based on what I have found, patience actually gets stronger the more experience we get in trading itself. But studying theoretically is also necessary so that when we encounter many things in trading, we will not be surprised and will immediately get used to and know the things we encounter because we have studied them theoretically. Theory can be an important support so that we can learn more quickly from experience.


Title: Re: ~If you must trade~
Post by: TakeItEasy on October 13, 2023, 06:21:09 PM
All of them, patience is part of emotional intelligence that must be controlled as much as possible. If you are trading in the spot market, patience is your last bet when you take the "wrong" entry or the market moves against your predicted scenario. So emotional intelligence is more in demand when you have open positions or when buy orders are filled.

Nearly 70% of trading lessons is theory about pre-trade setups that you can learn from others. But the lesson of emotion is a special thing where you have to practice more on your own and you can only learn it self-taught.

There is not a big difference between these two as a whole but when we keep our emotions patiently then we can get to success. As these two are related to each other and in a sense I can say directly proportional to each other like, when emotions come in between trading it will challenge your patience and when you have great patience challenges must come your way in different losses at trading.

As loss in trading is also a challenge for a trader, he must go through this challenge and hardships and he will face these losses at all. But the only thing he should have to take control over these challenges and hurdles is "Patience". It would be a trader's success if he is observing these things patiently.


Title: Re: ~If you must trade~
Post by: Bitcoin_people on October 25, 2023, 02:26:53 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most.

If you take a microscopic view of the two "Emotion and patience" you would see that emotion gave birth to patience, meaning that if you remove emotion from attaching it to your trading decisions, you will be patient or at peace with your trades, in the sense that you won't be in a hurry to take trades, close trades unnecessarily, and generally you will be patient with trading set up and conditions to be met.
Of course if a person can control emotions and patience then that person can cultivate patience within him. If you lose money investing or trading but are able to control your emotions then you are a patient person. If a trader is patient in his business, he will definitely be able to move forward and be successful in the future. That is why when a trader starts trading he must take time to be profitable. That is why it is better to wait for a long time rather than risking losses by trading unnecessarily.


Title: Re: ~If you must trade~
Post by: Altryist on October 25, 2023, 02:57:10 PM

Of course if a person can control emotions and patience then that person can cultivate patience within him. If you lose money investing or trading but are able to control your emotions then you are a patient person. If a trader is patient in his business, he will definitely be able to move forward and be successful in the future. That is why when a trader starts trading he must take time to be profitable. That is why it is better to wait for a long time rather than risking losses by trading unnecessarily.
Depending on how long your trading losses last, you can be the most patient trader in the world, but if you don’t start making money on it, then this patience will not give you anything. You should always start trading with small amounts, because you will need to check how good your strategy is, it is better to lose small money while you are learning, it will not be so noticeable, but this also does not guarantee, that when you trade for large amounts, will be no losing trades.


Title: Re: ~If you must trade~
Post by: Gallar on October 25, 2023, 03:24:34 PM
I was having this strong contemplation, between emotion and patience which factor affects traders the most. I know we have other factors that can make a trader experience huge losses such as FUD, greed, lack of contentment, indiscipline and high expectations and over zealousness.

But I had to narrow my scope to just the emotional and patient factors. I am sure many traders can relate better with this two factors compared to the rest this lead me to seek the answer from traders and prospective traders which do you think should be handled with more caution and between the two which has higher chances of helping a trader have at least 70% of total control of their profit cycle.
You need to know that greed, lack of satisfaction, and patience are human emotions. So actually the problem you are complaining about here seems to be just a problem of how to control emotions when trading. Because basically emotions have a huge influence on the success that can be achieved from trading in the crypto world. Because I personally also feel something like that. Therefore, emotions must be controlled well when trading on the crypto market. So my advice, to be able to control your emotions when trading in the crypto market, you just need to dig deeper into your knowledge and experience about crypto trading. Because of what I experienced and felt, my emotions became uncontrollable due to lack of knowledge and experience. But if you already have a lot of knowledge and experience in the field of crypto trading, that's where your emotions will slowly come under better control. So the main key to being able to control emotions is to learn more, but while continuing to trade. So that knowledge and experience can be gained simultaneously.


Title: Re: ~If you must trade~
Post by: Ahli38 on October 25, 2023, 03:44:12 PM
Emotional restraint and self-control are crucial for traders to remain unaffected by market developments and perform accurate market analyses. They can assess market conditions to determine market entry and exit. Learning trading skills and self-control is essential, but progress can be made gradually. Good trading skills and self-control are the most crucial aspects of trading.
Well, progress and important insight into everything will follow us as time goes by and as we go through more experiences. In fact, we will become more patient individuals in trading activities after we have a lot of experience and also when we have fundamental information that we can trust. Important information can sometimes be an important support in controlling emotions and patience. For example, when we have information that a coin project will hold a big event in the next 2 weeks. So, of course, armed with this information, we can be more patient in holding firmly the coins that will hold the event. Because we know that usually the peak price will be reached just before the event starts. so that's the right time to sell. Because after the event starts, prices usually move down.

In essence, emotional control can be achieved with a lot of experience, having important information and good management in all matters.


Title: Re: ~If you must trade~
Post by: uchegod-21 on October 27, 2023, 07:40:22 PM
Emotional restraint and self-control are crucial for traders to remain unaffected by market developments and perform accurate market analyses. They can assess market conditions to determine market entry and exit. Learning trading skills and self-control is essential, but progress can be made gradually. Good trading skills and self-control are the most crucial aspects of trading.

Trading is not for the weak and faint hearted. It will be difficult for a trader who cannot control his emotions to make  the right decisions devoid of emotional attachments. While learning all the techniques for effective trading,  we should also devote our time to learning emotions management . We overlook this aspect but it is very necessary for a successful trade and for the sake of our mental health too.