Bitcoin Forum

There are many people who trade on BitcoinTalk forums. Those who trade must control their emotions. If not, you will have a huge loss in trading. Why emotion is needed while trading is as follows:

1. Profitability: Profitability in the crypto market is very dynamic and variable. Traders' emotions create interest and excitement about their profits.

2. Volatility: The crypto market is volatile, i.e. prices can change rapidly. Having emotion with this position can help traders as it is important to make timely diagnosis.

Here are some ways to control these emotions:

1. Don't expect much profit. For example: You think that you will become rich by investing in a coin.
2. After you have invested in a coin, you find that for some reason it has gone down in the market. At this time, without being emotional, you first look at the condition of the token, what condition it is in, and then take a decision with a cool head.
3. Avoid revisiting a coin after investing. You place a sell order with a specific target.
4. Trade according to market conditions. Don't immediately invest in someone's words.
5. Stay calm and try to control temporary emotions.

I think the most crucial thing for a trader is to truly understand what you're doing. When you have a solid grasp of your strategy, your emotions are less likely to take the wheel. You're confident that your approach will lead to profits, which lets you stay calm while you work. Trading is a mental game, and once emotions get involved, they can cloud your judgment, leading to regrets later on.

As you spend more time trading, you're bound to experience a full spectrum of emotions. The market's wild volatility can be like a roller coaster ride. But with knowledge and experience, you're more likely to maintain discipline.

One last piece of advice: don't mix trading and drinking. Trust me on this based on my experience.

First of all, I don't think this thread belongs here since you are talking about trading; it should be well fitted in the trading discussion section of the forum.

All these happen when you are a trader or have invested in altcoins.
 
Invest in bitcoin and have peace of mind. There are high risks associated with altcoin trading and investment, but after all, if you have good knowledge and trading experience, you will understand what it takes to control your emotions. Although your advice is correct, learn and understand the basic concept of the crypto market to reduce the risk of losing too much money.

Well, this is another one of the many threads that looks like it has been put together by someone who has gathered information from the internet rather than a successful trader based on his experience. While the advice is not bad in principle, it would be nice if the OP could clarify if he is a trader with long term profits from this advice.


Of course, in the same way that you should not drink alcohol when you go to the casino, which many gamblers disregard and which is why they are very profitable for casinos.

You can add "a profit is a profit," or, in short, don't be too greedy. I personally experienced this and learned my lesson in a hard way. What I mean is that in the past, when I started trading crypto, I couldn't get satisfied with a little earning; I wanted more, and because of that, I kept losing trades and still didn't stop because I wanted to chase my losses. Little do I know, I have become too greedy, resulting in more losses than earnings. That's why it's important to also control your greed; don't even think about being greedy. All you've stated is true and should be followed. Let's see more of the people in this forum to see what they will add to your list. I know many here experience a lot of stuff in terms of trading, and I'm talking about the negative happenings. But we are not perfect, so sometimes we still repeat the wrong deed. Maybe we just have to set boundaries to control ourselves.

First you need to change your place. because
You talk very well about trading.
Then I think there are already more forums open on this topic in the trading group, so it's better not to have so many forums on the same topic.
Lastly, post good quality and don't go off topic.

If casinos didn't want us to drink while gambling, they wouldn't be serving us free booze, right?  ;)

I know we are going off-topic here, but this stuff has been talked about a million times already.  Seems like the OP just copied some stuff they found online to make it look like they had an original thought and  they probably just wanted people to respond so they could get merits or something.

You made a big mistake here when you can't distinguish between trading and investing, and I don't think it's merely a typo because you said mention there that we should avoid revising coin, and just place sell order, whereas if you do trading instead of investing you should really watch the market and also watch your order, even when you place a sell stop order you will need to reconsider the number and change strategy if there are a news update, you will need to visit your trading pairs frequently.

In addition to all this. To control your emotions, you need to remind yourself every time that you need to control your emotions. Occasionally talk to yourself and remind yourself that  emotions and trading do not pair well. A trader who is more aware of their emotional vulnerability will be a better at controlling it so that it does not affect them when they trade. A trader who has not accepted that they are prone to emotional mistakes will still be be vulnerable to it because of lack of acceptance. Accepting that you are emotionally vulnerable can help you take better control of it.

All traders know about this: you cannot trade when you lack knowledge of how the market fluctuates, and one thing you will be aware of at your early stage of starting trading is the volatility of the market, so I think this is something all traders know. However, if a trader cannot have control over their emotions, then I think such traders will find it difficult for the industry and not only traders but even bitcoin investors, as it’s all about patience.


I think these five things you mention here are applicable to both traders and investors, so the only thing I will say is that we should invest or trade with a coin that has low risk and we will have peace of mind, and the only coin I think we can get is BTC in bitcoin. We don’t need to worry ourselves too much, unlike other altcoins.

In trading, you analyze the coins. If you trade Bitcoin, you analyze when you can buy at a low price and when you can sell at a higher price. But if you trade altcoins, you analyze the coins to find the right coin with good movements so you can enter the market and buy and sell them at the price you want.

You really have to be able to control your emotions when trading. If you have good analytical skills in trading, you will know when to trade and when to exit the market. So in this case, you must be able to control yourself when trading and not be greedy by hoping for bigger profits. If the market continues to increase, you can expect big profits. But if not, you should take existing profits while continuing to trade if the situation allows.

For this reason, you must continue to learn to analyze the market so that your abilities can improve according to market conditions. Everything takes time, even to make a profit. So keep learning and practicing so you can get benefits.

Controlling emotions is not enough, but you must improve the exploitation of these emotions to turn them into something useful from which you can make profits.
Emotion is a feeling that drives you to do something. Fear and greed are what make you think about a high-risk investment, and if you exploit it well, you will most likely achieve profits. Likewise, this means that fear of loss means accepting it and not being afraid of loss, but rather considering it as a lesson to achieve more profits.

In short, controlling emotions is good, but redirecting them to achieve profits is more important.

You can't really equate trading with gambling because trading is a serious gig, whereas gambling is more about having a good time, you know, entertainment. Casinos serve up free drinks because they want gamblers to have a blast, and, of course, to get them to bet more aggressively. They've done their homework and found that when people have a few drinks, they tend to lose more easily.

As trader you should know that the market are mostly being driven by news and this could be positive or negative news so as a trader you should be regularly updated before venturing into market to perform trade. Most time what brings some of the trader down is that applying much greed wanting to make most of the profit from a single trade before exiting for the day, but a smart trader even close his market with just $5 to $7 a day without thinking of making huge profits and if you are active that much Making 5$ a day multiple by 31 days a month you would know that you are making profits of about $155 though most times we can make more or less but it's not stationed at a price. Greed and emotion is what mostly eaten up people that are not Making much profit from trading, then another thing is that lack of technical analysis on the coin you want to trade, anyone who can be able to manage that can as well become a successful trader.

There are discussions that making trading and gambling the same since they only look for the risk of losing but they didn't look at its execution or other technical aspects. If we look at people's opinion more says that gambling is for fun or has more higher risk since we might didn't notice that we already lose a lot since we enjoy the games we play. Compare to trading where we are so much careful on every placed position since we always need to monitor the movements that's why we are much aware on the risk brought up by some single movements on the market.

Also if casino offer that free drink to their gamblers and we are the one who's on the table then its better for us not to take it since that's what those operator want since they want to make us drunk so we can do bad decisions while playing since this is big profit for them.

No matter what the outcome of your every trades, it will produce an emotion wether positive or negative, it's because you're trading with real funds.

Volatility will cause emotion. And because crypto is so volatile, all we have to do is to learn how to handle our emotions to prevent unnecessary decision.

These tips is very helpful for those who are new in trading and those who can't control their emotions. However, even though you applied it and did your best, there are still instances that our emotions will lead us without noticing it, and it's because of our imperfections. If this happens to you, you must learn to accept it so that you can proceed with your next trade with a peace of mind.

This point 2 must be underlined (What I have explained also includes point number 4). That analysis before making a purchase or investment is the most important and first thing that an investor or trader must do. Don't let an investor/trader make a spontaneous purchase due to FOMO or other factors without detailed analysis, what happens instead of being a profit but a loss due to falling prices and then panic selling. At least the results of the analysis made can provide more rational choices in making all investment or trading decisions.


I think many people know that emotions are a source of profit and loss. If someone is able to control their emotions most of them will get the benefits they have at least planned for. On the other hand, uncontrolled emotions usually have a worse impact on investing and trading, resulting in losses and even loss of investment/trading funds. Greed includes uncontrolled emotions.

1. If you do have that kind of belief and imagining on becoming rich with trading on easy way then dont wait for your life to get messed up because of those wrong assumptions.Everything cant be easy!.

2. Always DYOR. stick into those projects which does have utility and dont make yourself get easily FOMO on the time you do read up others sentiments because it would really be
just dragging you on making bad decisions.

3. Cant really resist on not to look up on the coin you have invested, of course you would really be liking on checking its price every now and then.  :)

4. Depends on what type or kind of investor or trader are you.There are ones who do actively deal up with the market but there are ones who do tend to hold for long term.
It would really vary.

5. Easy to say but would really be that hard to be done specially if you do see your portfolio is going down. then it is really that just impossible
that you would really be making yourself that numb in speaking about emotions.It cant really just that possible but with due have that enough experience
then it would really be that just giving you the idea on what are the things that must do.

Exactly, of course there are quite a lot of factors that will affect the movement in each particular market, one of which is in addition to basic things such as supply and demand in fact the impact of news as you mentioned above also has a considerable influence on the market itself, so of course it is true as you say when we become a trader then we must continue to dig up various information from every source and also maybe some references from people who are already experienced in the field. That's what is very dangerous, greed, therefore maybe before you enter the trade also surely you have heard that the role of greed is absolutely not recommended in this profession, none other than this will greatly endanger yourself, instead of getting profits but instead end up with losses. Although well as we know that greed must exist in every human being but it will always be a bad start for any field or any condition that you are experiencing.

Therefore it is highly recommended for every trader especially for those beginners who just came to build their best plan, especially in terms of take profit and also stop los, it is very important in your trading journey, and also it will be able to prevent you from greed. It doesn't matter if you can only get a small profit on each of your trades, it's better to be small but consistent and also on the other hand your risk will not be too big instead of looking for a large profit which of course will be very difficult to get and also if you look in terms of risk it is very large, so it's better to be small but consistent, that's all because as you said if it is multiplied in a month or a year then it is quite large.

First and most important, only invest in Bitcoin. If you can not control your emotion for your investment in Bitcoin, you will be more erratically emotional with altcoins.

Because if Bitcoin drops 10%, altcoins will fall like 20% or 30% so I am sure you will face with more serious roller coasters with altcoins than with Bitcoin.

Start with Bitcoin to minimize your loss by emotional panic and if you already succeed with investment in Bitcoin, already join the market a few years, you will understand this market and will be able to control your emotion better for investment in altcoins.

With altcoins, risk is bigger, loss might be bigger too. Your emotion will be more fluctuating than with Bitcoin.

Trading is all about risk management. If you are taking the risks which you shouldn’t be taking, it will make you nervous and the more nervous you are, the more mistakes you will make. In the end these bad trades will cost you money. You need to be emotionless like an npc while trading. It is the only way to win this game. Remember most people use algo-bots and that means you are not even trading with real people. You are competing with bots. These bots don’t have any emotions and you should be exactly like them. If you can’t do this, you shouldn’t be trading or should use bots just like everyone else.

Nowadays, I would advise any newcomer to immediately get involved with bots and have a bot execute the trades (after an extended period of paper trades, of course). By keeping the emotions completely out of the trades, the chances of success are significantly higher, especially for newcomers. Otherwise you will quickly find yourself in a situation where panic dominates your own trades ... how that ends I think we all know.

There are also very good bots on the market, both free and paid. They are not particularly difficult to learn and can now be supplied with a variety of different (tested!) Strategies.

TBH, this is one of the most widely covered topics here in this section, with almost every perspective. I want to comment on this particular point where I want to say greed control is important but here a psychological barriers between fear and greed which most of the time motivate you to book the profits earlier, compared to the real potential.

Put yourself in a real-time situation where you've taken a trade without stop loss, and take profit and now the market is going against your trade, in a 10% loss you show patience and the market continues to move against you 20% loss still holds the trade, now the next to trade you bear the pressure of loss but when the market goes in favor even on the 2% to 5% profit on the trade most of the time you try to book here it is what we call FOMO.

You should wait for the true potential at least semantically you need to be greedy, and this greed may vary in accordance with market developments.

Exactly, Understanding what you are doing is basically the key to emotional dealing, this brings my memory back to when I was a newbie trader, I was trading with emotions because I had no proper knowledge about trading, exited trades when the market was on correction, and the worst of it was that I was using high leverage and a little bit price move above my entry point I'm already on huge lose and emotion already come into play.

To manage emotion don't trade with money you can't afford to lose.
Stop using high leverage or lot size and manage risk.

Any good advice always works, it doesn't hurt, what can hurt is not understanding your emotional capacity and the attitudes to carry out that work, it's that simple, sometimes it's not about emotional strength, it's just that it's not for You, it's that simple, commerce has two ways of approaching it, the experience itself of doing commerce for individual needs and based on that experience, entering the niche as a merchant,

There are people who want to dedicate themselves to commerce and never have a previous record of experience at the user or client level, then have the experience as a user and enter a world that you can identify that is made for you.

The emotional factor is a key that helps you perform in many areas, so before favoring the emotional experience by reading some advice you must train it with a lot of practice, it is a fallacy for example to say,  "you do not look at the asset at every moment," ok, that's how it is, then, activate a notification that tells you the price that interests you, comeon, this it easy.

The example that I like the most in the emotional comparison is a marathon, the marathon is not a race, races can start with 10km, 25km and even 1.5km, etc. A marathon is 42 km, although you run it, just like in the 10km or 1.5km, the emotional degree is different, so, you become an expert in where you feel best after trying it. Trading is the same, there are many variants of trading in which you need different emotional approaches.

In fact, "*I would tell anyone to try everything that OP does not recommend doing, that will give you experience, your emotions adapt, and mistakes help you improve your emotional skills.*"

---

^{"*"I'm giving a figurative meaning here, even sarcastic, thank you. And it's not investment advice"*"
Km=kilometres}

That's not enough, whether it's extra money or not, money and emotions can be taken care of with proper risk management and execution.

Not only stop using the leverage form for a long time I used to endorse in my posts that the newbies should completely avoid leverage trading because it seems attractive in profits but in reality, it's not. A newbie can easily get trapped by the market even while moving sideways in leverage trading. Better learn and experience the Sopt market. It's not less rewarding if you're a disciplined person.

It's easy to just compile a list and post it here even if you don't know much about trading, so I will like to ask you one question, are you a professional trader? If you are not a professional trader, you shouldn't give advice about trading. We all know money is involved, so you have to be very careful. If you don't have experience, don't give advice on how to trade. I went through your posting history, and I can only see the bounty report and a few posts on you local board.

You want people to start thinking they will become poor after investing? or do you want to become poor after investing? I agree with the first statement that you made, don't expect too much profit, even when the profit is small, always take your profit. You can't invest a small amount and expect to be rich within a short period of time, but that doesn't mean you shouldn't expect to be rich after investing a reasonable amount.

After some people notice a slight increase in price, they will end up selling their coin, so I also recommend that when investing, don't check your investment often since the investment will be for a long time. You can't just login once in a while to monitor your investment.

This part is, most of the time, the reason why most newbies enter this field of business. Because, if we look at it, there really is no other reason.
In my opinion, it is a given that we will actually make a profit here, and that is also the aim of Bitcoin and why it was created.

But we should also consider that it will not be easy to make and get the profit we desire and expect. It's better to know the right thing so that we won't be disappointed in the end, because if we do this, for sure profit will follow willingly.

Simple as taking profit is being forgotten by many due to the emotion as they trade. Never ignore that feeling when you should take profit and it's together with not being greedy. When you're not greedy and you're making some decent money through your trades, you'll have a good thinking and mindset that what's enough is enough. But when you're greedy and you're making but you're not satisfied from it, you're not also going to recognize how good you are and you'll mostly think that there's something wrong with you.

The most important of all is this.
In trading, we shouldn't only look after the profit, sometimes we encounter failures and experience losses that should we learn in the future not to happen again.

Trading isn't all about gaining profit, it's also about gaining knowledge, so losses are a part of it in order to learn from those mistakes.
So don't forget stop-loss as always be in your plan.

because sometimes it is difficult for a trader and we often forget to stop and exit the trade when we have made a profit. it means the trade was not planned well enough, and being greedy will only result in us possibly losing.
I experienced that myself in the past. day trading with some profits, but I felt the market was good and I continued to enter some other assets to trade. in fact it actually provides losses when we think that all assets will produce the same profit when the market is in good conditions.

To some extent, emotions may be a helpful source of drive and awareness. They can motivate traders to keep educated about market circumstances and take prudent risks, which can result in profit. Excessive emotions, such as greed and fear, might, nevertheless, be harmful. The trick is to use emotions to increase attentiveness and enthusiasm while without allowing them to cloud judgment. Trading is a smart art of combining reasonable risks with the appropriate attitude, not just being heartless like a computer.

I couldn't agree more! A profit is a profit, and no profit is too little or too much. Sometimes, we do not recognize profits that we consider as "too little" because we are expecting for too much. And you're right, I have read several replies in different threads which tells that people who are often controlled by their emotions tends to result to a major loss and being greedy is one of the major factors for this. I believe that we cannot completely detach ourselves from greediness because it's all in us, but what we can do is to learn how we can control and manage it. Still, there is nothing wrong with expecting more, but sometimes we have to be grateful even in the littlest earnings that we had, because at the end of the day that is still a profit. But again, all the lists and the advice here are easier said than done, learning to control your emotions would take a lot of time and that is fine.

Emotions or anger control them in making decisions and then they are asked to make decisions. If people do not have emotions then people will not be interested in doing any work so it is good for people to have emotions but they must be used properly. You have to have control over your emotions, when we have too much emotion or when we have too much anger, emotions will prevent our brain from making the right decision. When we take a wrong decision in trading it will directly affect our money and you definitely don't want to lose money by trading so it is better to control emotions while taking trading decisions.

A very smart way on making yourself that getting still in track or in line on your trading activity or career on which the main priority should really be making greens or profits no matter how big or small it would be on which means that you are really that doing good and something that should really be continued because you are really that doing fine. You would really be making out some adjustments later on if you do see that you
could really be already to sustain on what you are doing or would really be able to make out that kind of survival on this unpredictable space. Mistakes are inevitable but once you do able to experience those things then
you would really be normally be able to make out adjustments if ever you would be encountering on the same scenario or situation. Emotion handling is hard because we are just humans and we dont really like on losing money and this is why on the time that we are seeing the price is really declining and making those % negative in our accounts then it would really be just that normal for people to have such reaction.

Of course it will greatly affect decision making, and usually it is a decision that misses or is less precise that they take, none other than that because they make decisions when they are not in a good or calm position. That's right, although emotions can trigger a problem but it will not always be like that, I say everything will look or run well if you or they are able to put things in their place or in the portion that should be.

This is a trade that really requires calmness and also clear thinking to make the right decision, so if you absolutely cannot regulate or control emotions in yourself then obviously you will not be able to make the right decision when trading and usually will always end up losing. So the point is we must have good control and planning in terms of trading because only that can help you in achieving the profit targets that have been set at the beginning.

Most times we mistake ignorance and negligence for emotion. As long as we are living, we act every second with emotions. Humans are not emotionless. So, what happens most times is not lack of emotions. It could be negligence or other factors as

• Greed
• Impatience
• Inability to manage risk
• Lack of trading skill
• Ineffective trading strategies

But, we most times squeeze all these into emotions which is not very nice. It is high time we began to differentiate.

Hello fellow crypto enthusiasts,

I wanted to share my thoughts on the significant role trading bots play in the world of cryptocurrency trading. As we all know, emotions can often cloud our judgment and lead to costly mistakes when it comes to making trading decisions. However, trading bots offer a solution by executing trades based on predefined algorithms and strategies, eliminating the influence of emotions.

Here are a few reasons why trading bots can be beneficial:

1. Eliminating Emotional Bias: By removing human emotions from the equation, trading bots ensure that trades are executed based on logic and predefined parameters. This helps avoid impulsive decisions driven by fear or greed, which can lead to significant losses.

2. Constant Monitoring: Trading bots can tirelessly monitor the market 24/7, analyzing price movements and executing trades accordingly. This level of vigilance is nearly impossible for a human trader to maintain consistently.

3. Speed and Efficiency: Trading bots can execute trades at lightning-fast speeds, taking advantage of even the smallest market fluctuations. This enables traders to capitalize on profitable opportunities that may be missed by manual trading.

4. Backtesting and Optimization: Trading bots allow users to backtest their strategies using historical data, enabling them to fine-tune their algorithms for optimal performance. This feature helps traders identify and eliminate potential flaws in their strategies before risking real capital.

5. Diversification: With the ability to trade across multiple exchanges and various cryptocurrencies simultaneously, trading bots offer diversification opportunities that may not be feasible for manual traders. This diversification helps spread risk and increase the chances of consistent profits.

While trading bots can undoubtedly be powerful tools, it's essential to remember that they are not foolproof. They require careful monitoring and periodic adjustments to adapt to changing market conditions.

I would love to hear your thoughts on this topic. Have you personally used trading bots? What has been your experience with them? Let's discuss the pros and cons of incorporating trading bots into our cryptocurrency trading strategies.

Looking forward to your insights.

I will not subscribe to this idea because I believe that we all have to start somewhere. I still believe on the comments I qoute below concerning risk management when it comes to trading. Risk management is a key skill to develop as you become more experienced in trading. In the meantime, one of the best things you can do is educate yourself. There are plenty of resources out there to help you learn about different trading strategies and risk management techniques. Trading bots can be helpful in some situations, but it's very necessary to understand the potential risks and limitations. As a newbie in trading, it is best for you to focus on learning about the markets and developing your own trading strategy before considering the use of a bot. Some of them are not even effective as claimed and can misbehave due to bug. It's not always about the outcome but the process matter too.


You're very correct and I completely agree with you. Risk management is definitely a key component of successful trading. Without a solid risk management strategy, even the best trading ideas can turn into money losing trades. As a trader, it's necessary to set limits on how much you're willing to risk on each trade and to stick by to the limits. One way to manage risk is to use stop loss orders. This allows you to limit your losses even if the trade goes against you.

What trading needs is a concentration and also an ability to interpret the market, so therefore what I want you to understand in trading and most especially the profit and loss aspect of trading is that, in some extent some traders use to be greedy in their trading, they always  want to accumulate their profits before cashing out, some of the traders today that get lost into trading the one of the major factors that lead to loss is as result of accumulating a profit.

Emotions of a greedy trader will make the trader to continue losing except that its a process whereby the trader has undergoes a different loss through trading, that is while I define trading as a continuous process, because the more you practice trading the more you learn more scopes of trading, and the more you loss the more you understand your weak point in trading.

So it's nice as trader not to be greedy and not trade with you can't afford to loss, this are things a beginner in trading industry have to know about trading, its very obvious and understanding that trading have to do with risk and secondly profit and loss in which a slight mistake in trading can make you to lose all you have gained

So what trading needs is consciousness, precautions, observation and concentration in order to actualize your target, because any trader have a target and the target is profit either higher profit or lower profit, so for you actualize it need to have the four words I listed in your mind, because when trading you don't need lack concentration or deviate from the angle of parameter.

It is very important even in my opinion for us to be able to control our emotions in trading.
There are many theories about controlling emotions, but it is not that easy when we live it because in the trading journey that we undertake, many things happen that are beyond our previous expectations, so these emotions are difficult to control.
Emotions are internal, so I think there is no special theory that can be learned other than building awareness of ourselves and learning about the experiences we have gone through.

Yo,

The best advice I can give to manage overconfidence bias is to maintain a trading journal. This is a tool where you document all your trades, including your reasoning for entering and exiting a position, the outcome, and any mistakes or successes along the way.

The tips seem perfect if executed well to reduce trading emotions.
But have you applied them first before writing this?

Because what I know is that it is not easy to control trading emotions, even if someone has a long experience.
Emotions can unconsciously be unstable due to the influence of some problems or inappropriate strategies.

It is easy to give such tips, but it is difficult to implement because the real experience will be different from the fairy tales that are made everywhere.

If you are an experienced trader, you will give other tips not just emotional control.
Doing some technical analysis will be quite helpful.

You are right - controlling emotions is not as easy as when someone mentions the theory. Traders tend to have difficulty controlling their emotions when market volatility does not match expectations – fear of loss is the cause. They are traders who know that volatility is an integral part - but when their emotional control is not good and their psychology is not good then it will cause them to make wrong decisions.

Trading psychology needs to be studied and also practiced. They need to train themselves to avoid greater losses due to poor self-control. Of course they need time – but I'm sure if they study hard it will have a positive impact on them.

What is most certain is that when we can manage our emotions well, then at least we are in good condition to make trading decisions. On the other hand, when we lose control of our emotions, what happens is that we easily become panicked, angry, disappointed, hopeless, and ultimately decide everything without thinking, without careful consideration. As a result, this will disrupt our focus and also our efforts in trading, even ending in losing money easily when we really can't control our emotions when trading.

Apart from what you have explained in the list, there are actually basic things about controlling emotions, namely how we can also control emotions in everyday life. This definitely requires a certain process, practice and experience. Sometimes, we have to deal with various things first so that our emotions are more mature and so that we can really start to focus on controlling our emotions. especially in trading, experience will really help us to better understand ourselves and be able to train to control our emotions. And this happens if we really want to learn. If not, it's the same.

I think it's actually wise to always rely on yourself for trading. But not everyone is good at this. You didn't know everything when you were new. You have learned today by any means or by taking help from someone else. If he is also a newbie then he can learn from anywhere. And for that you can take the help of a bot or an expert. But it is not good to be dependent on others forever.

Definitely, never should open a position with a single cryptocurrency and expect serious profits from this position alone and shouldn't dream of getting rich with just this cryptocurrency. Identifying potentially 3 or 4 TP points by providing technical analysis and gradually closing the position at these points will help to get more efficiency from the position and will help to evaluate opportunities from all price movements that will potentially occur in the short term. In addition, it is very important not to establish individual ties with each position and to minimize potential losses by analyzing the necessary price levels in case of a possible reverse movement and creating an SL order. On the other hand, it is very important not to enlarge the position size without confirmation by technical analysis especially in case of a loss in a position and if these positions are opened with someone else's suggestion it is necessary to support this by doing our own research.

So, it is very important not to act emotionally when trading, not to stick to one position and definitely not to act in a greedy way when detecting important levels such as TP-SL points. It is important to remember that controlling emotions when trading cryptocurrencies is at least as important as the analysis done to determine the trading level.

What makes novice traders lose a lot of money in trading is when they have too much confidence in a coin. In fact, many people can't control themselves and forget about diversification. They go all in due to the hype and think they can get rich just by investing in certain coins. So it is true that this kind of thinking must be eliminated. Both in investment and in trading.

And sometimes another thing that makes a beginner experience losses due to not being able to control their emotions is when they see a hype on a coin and the coin has experienced a high increase and the person actually feels afraid of being left behind or what is usually called Fear of missing out (FOMO). All of this happened because of not being able to control emotions. So this is where controlling emotions is important in trading. And actually what you said is a general thing that we must always remind beginners who don't have much experience in controlling emotions in trading.

Anger, pride, emotions, these don't really go with trading. When it comes to trading, you have to make decisions based on emotions, and you have to make informed decisions and arrive at a decision after a hard analysis. A small mistake in your decision can cause a big loss to your business. Everyone talks about controlling emotions in business here you talk about using emotions although your topic discussion is different. The more calm you can make the decision, the more likely it is to make the right decision. Let me give you a simple example, for a long time you are trading at a loss, so if you get angry and sell your trading at a loss thinking that it is on your forehead, it will never be good for you. Therefore, these anger, pride and emotion should be left aside and the right decision should be taken thinking about the business.

Your emotions should be always under control as the whales are experts at taking advantage of them, after all it is often mentioned that the markets are influenced by fear and greed, and if you fall victim of a single one of those emotions then you are lost.

As if you get too greedy then you may use too much leverage or hold a position for too long, while if you succumb to fear then you can easily sell too soon and miss an upward movement that could have made you a lot of money.

How to trade on Bitcointalk forum?  I think you meant that many members of the bitcointalk forum trade crypto

Yes and when a trader gains in trading he improves financially so it is normal for emotions to work in him. And if one does not have emotion, he will have no interest in money and will not be motivated to trade.

The crypto market is always volatile and the price changes rapidly due to which it is possible to profit by trading here. Here emotion can help a trader to achieve good results while excess emotion makes losses more than gains.

Your points are valid but the most effective way to control emotions is to ignore any type of hype. and consider trading as a part-time source of income while engaging in a full-time activity like business, job etc. then the emotions will  naturally be under control

It is indeed difficult to trade without emotions, based on the book I read, trading without emotions is difficult for humans to make decisions. No fear, no greed. So it is important as a trader to be able to control your emotions.

Trading is not just how much you get in a short time, but how consistent the profit you get is, increase your capital and reduce your target.

Because successful trading focuses on progress, not the end result, the goal can be achieved well, we can even be happy if we enjoy the process. Don't hold a grudge against the market if you have made a profit, don't be greedy. If you lose, don't want revenge, don't be trapped by a target that has no ending. Because our biggest enemy is excessive expectations of betting.

Emotion is very crucial in trading and that's what differentiates humans from bots or scripts. Whether we're winning or losing, there has to be a battle of controlling our emotion. Otherwise, it makes a mess of our psychology. While the winning part emotion brings us excitement and that feeling of "I've arrived" which makes many throw caution to the wind or the losing part that causes us anxiety and loss of confidence in our setups, both should be controlled to the nearest minimum. This is where professional and profitable traders tend to have that upper hand over amateurs. Pro-traders deaden their emotions while in trade; whether winning or losing. With that, they're able to have a clear head with things that happen on their charts while still in trade.

I can attest to that, though I cannot consider myself as trader nowadays.

and that is why we must be ready to risk and wait,
the more you wanted to earn easier is the more you will fail, better to understand those aspect before completely relying in this market.

I love all the advised strategy , but what I see reflects in all is the last part in which "Learning to Stay Cam and Control Temporary Emotions"  as this applies to all varieties of investments.

Yes, controlling your emotions is very important.
Trading is more than just money
Trading is risk, strategy, emotion, discipline, execution, persistence.

A trader's goal is to make the best transactions, not as many.
So traders should not be enslaved by emotions.
Control ourselves or those who control us.

Trading is not a simple task so when a trader is trading he has to take care of various things. A trader can suffer the most when he plans to trade emotionally. We often see some traders get emotional about a coin without doing any research. They invest more than they need. They get the idea that maybe they will make a big profit through some of these. But they get a sense of that when their demand is not met after taking a trade. All the points mentioned by you should be considered by a trader while trading. A trader must avoid emotional thought and should research well before taking a new trade otherwise he will suffer.

You are right. On a serious note, investors could be profitable by flexibility on investment decision at their emotions on the capitalization towards their investment demands strategical analysis to acquire its goal.
And must not be inflated with the crowded decisions to a quick and sudden selling of it coin probably due to the current nature of a downtime.

The difference between us and bots is that if we can use our emotions better then it could benefit us, instead of hurt us and that should be an important difference. I get that it may not be all that quick at this current moment but that doesn't mean that we are going to always use it right way neither, we could use it terribly as well. We need to learn to control our emotions and not ignore them, because if you ignore your emotions that means you are trying to be like a bot and in that case it would be better to just use a bot and not try to ignore your emotions, bots do not have any emotions and would trade just like you want.

The trick is not to ignore it, the trick is to make sure that you end up investing into something with your emotions intact but being able to control it, that would give you a return that should be a lot better and could definitely result with a greater return without a doubt, we could benefit from it immensely if we use it properly.

That's right and usually it's emotions that are always a problem for most traders, especially for those beginners who haven't been able to manage their psychology in every condition in their trading. When in such conditions we must really be able to fight with our own emotions, where planning must still be applied but on the other hand we feel upset because it turns out that the final result should be in accordance with the analysis but the facts that occur are missed or even far from expectations.

While when we are in a favorable condition, there will definitely be a sensation of excitement that cannot be described along with a feeling of pride that we have been able to make progress. Exactly, I really feel that and that position, where when I managed to get fairly consistent results then I felt like I was great in terms of market analysis, and of course it is not impossible that our vigilance will very likely decrease when in such a position. It is true that management, planning and self-control are very important in the world of trading, because only that will be able to lead us to a profit according to the target and also it will be very useful to minimize losses. Professional traders will emphasize caution and minimize the risk of loss rather than just looking for a lot of profit. Nothing but a calm psychology will be very useful for us to find the right decision when in a market.

Haha, According to the recent market developments I would like to recommend the Emotions.

That emotion sucks  ;D, sometimes they even trap a well-prepared person so be very careful while going for in decision such as market condition and never forget your timeline perspective if you're a long-term holder try not to fall for such market sentiments, Ins long term you can adapt the respective strategy as you like.

__BEST OF LUCL AND ENJOY__

What is certain is that the more stable you are and the more you are able to control your emotions, the more you will reduce the risk of panic and stress levels when trading. It cannot be denied that trading is always related to risks which make a trader easily become panicked and stressed. This can have quite an impact on the results of his trading. So, by being able to manage his emotions and control them under any circumstances, a trader can at least secure his position so as not to make careless decisions at critical emotional moments.

But once again, controlling emotions is not the only basis for success in trading. Because there are several other important factors that influence such as your ability and insight in trading, consistency, discipline, the ability to make the right decisions at risky times, and good focus to be able to work well too.

That's easy to say, but for most traders, it's not easy to do, especially if they're first-timers and don't have any knowledge of trading yet. Then we know that in every action we take, our emotions do not disappear.

Staying calm is easy to do if the situation is not that tense, but when there is a scenario where the value of the assets you bought suddenly falls, there is a feeling that you will panic if you are not prepared for such situations. But if you are ready, you can definitely control your emotions.

I believe this would also help others to learn. I wrote it few days ago out little experience I got while navigating into trading

thats true, doesn't matter if someone is veteran, the feeling of not knowing how the future will turns out meanwhile our assets already falling is worst feeling ever it could definitely tilted us making series of bad decision coming out of our minds which results in massive loss.
being calm, could only be done when we at least know that things will get better or know that something might happens with proper analysis but when the trend just suddenly changing course, its really impossible to stay calm, best course of action would be just think logically despite not calm.

Being able to manage emotions when trading will certainly get good results in the trading we do. It is very important to be able to manage emotions when trading so that we don't make wrong decisions in the trading we do. You are right, to be successful in trading we must have the ability to analyze the market well and make the right decisions so as not to experience losses in trading, if we can do this consistently we will certainly get success from the trades we make.

Because it is always emotions that are the starting point of destruction in trading, therefore as a trader we are required to have very good self-control, none other than that it will also be very useful for minimizing losses, and also yes as we know we really need calm when trading, where calmness will really help us to find the right decision in the market.

Basically, there is quite a lot to learn and also prepare when we want to become a trader, not only the ability in terms of skills but management, planning and self-control are needed there, but so far what I know that is usually always a problem is the emotional factor itself, which not all traders can handle it well. There are even some who are trapped in their own emotions so that they cannot control their trading and not infrequently end up with MC, so the point is that we must be really careful in terms of trading, the market is very volatile and as much as possible we must take many precautions there so that something unexpected does not happen.

This debate will never end about the impact of emotion on traders. This seems bad most of the time but you need to understand that we are human beings, and it is a natural thing to be emotional when something bad happens in our business or personal life. It's easier to make a money management strategy than control your emotions. Why do we focus on the hardest one most of the time!

The issue of self-control over the trading planning that you do is also related to the trading experience that you have accumulated. we cannot force novice traders not to panic in their trading. This is normal and can indeed cause losses.
Actually, beginners can gather a lot of information that they can use as their experience and try to avoid anything that might cause losses. However, controlling emotions is also related to trader psychology. it is not easy to set or adjust it. it can only develop by itself when we actually have enough experience.

Yes, it's true, controlling emotions when trading will determine the final result, so it's important to control emotions in trading. My rule is simple, profit 20%, stop loss 10%. Don't be emotional because emotions will lead you to loss and greed. This has really helped me and my way of trading with less emotional triggers.

Apart from that, in trading we don't call anything a "win". There are only profits and losses. There are no reports declaring “victory” in this regard. Traders need to change their mindset and stop considering profits as a win. Words have a deep emotional impact and when you think of winning, you also think of losing. It was a profound physiological lesson.

I would say, just do away with emotions when trading, trade with your head and not your heart, for we know the heart to be so tender and easily attached, the head is the dwelling place of the brain, which enables us to think, calculate and take important actions at the time that is right.

Trading with emotions may destroy the trader, it is the same thing as gambling, gambling with emption often times lead to nothing but more loses, the market is never merciful to any trader, it doesn't care how much you have lost and how emotional that have made you become, if you keep on doing the same thing, when the market demand that you do something to profit, you will keep losing trades as well as your money.

Your post is very useful for many newbies as your post clearly explains the five precautions that must be taken while trading bitcoins. Newbies will benefit a lot if they take interest in currency trading if they look at this post nicely. You have very nicely highlighted the cautions about trading through your post. Of course, all of us who trade cryptocurrencies know that the cryptocurrency market is changing very quickly. Whenever we trade, we must trade with time. When the market rises, we must not be restless, we must proceed with patience. There are many people who expect huge profits after trading in crypto currency, they may think they will become millionaires overnight.  Trading crypto currency with such an attitude is more likely to result in losses.

Successfully controlling emotions, the chances of success in trading are quite large.
The first and most important thing in achieving success in trading is controlling emotions because emotions are part of the strategy that is most difficult to control in trading activities.
Choosing coins to trade and other factors that are important in trading activities can be easily learned if traders are willing to study hard. But when it comes to emotions, not all traders are able to do it wisely.

Because managing emotions is very important in trading to achieve success, trading cannot be separated from emotions and this is normal as they say, we are only humans who cannot be separated from emotions. So for me it is important to debate about controlling emotions in trading so that our insight continues to grow and we can take many references.

Managing money properly if you can't control your emotions is also useless. The money will run out overnight due to emotions and ultimately regretting it. Eq (emotional quotient) plays an important role here, so don't let bad emotions dominate you.

As mostly greed kills in trading. If someone is expecting some decent payment then it would be good but expecting a huge profit from any coin, after that coin goes down then would be very hurtful for the trader who has much hope and expectation, as this should be avoided. As we didn't know the market behavior, but a time comes we can assume that something good is coming the way to Bitcoin, as the same thing happens in rare cases but there is also some hope included in that.
Trading is better by doing with a full 100% clear mind and clever mind, one should not listen too many times to others he has to take a step sometimes to get on the path. Calmness would be appreciated in trading for better trading scenarios.

Emotions dealing is a very important thing that we need to practice as a trader. Most of us or if not, the majority has been in trouble doing this that is why hundred or thousands of traders end up losing their capital and quitting because they just let their emotions controls them. We should have practiced being like a robot, with no feelings and no emotions just to meet the requirements of trading. Emotions really have a huge impact on our decision-making and are one main reason why we fail to achieve our goals despite the thing that we are knowledgable.

Correct, sometimes, even though we are aware, when suddenly there is an unexpected situation, our adrenalin suddenly reacts. You know what I mean? That's what emotions do when they are not properly controlled. Let's assume that it is inevitable that we will react unexpectedly. My point is that if that happens to us, we should calm down little by little.

What happens is that we are shocked, and we develop the tension in our feelings even more, so the result will be that you will not be able to think properly. We will overreact, which will result in us doing something that we will also regret in the end.

This why bots or scripts are created in trading so that it helps the trader to resist their emotions. Humans having an emotion is still helpful or much better than being like a robot, but that is if we are talking about outside the trading world. When we are losing, we need to calm down so that we won't do a revenge and lose evenly.

If we are winning, we need to calm down as well so that these winnings won't turn into losses due to too much greed of wanting more profits. You can't compare pro traders to the amateurs. Of course they have the upper hand because they already have an experience and lots of knowledge. But maybe some of them are over-confident and it screws them badly.

If you are just involved in trading then it is very natural, you will panic when you see the value of the assets you own go down, but if you persist, believe me, you will get through all this comfortably. Forming mental resilience in trading takes quite a long time, it can't be done. completed in just 1 year or 2 years so that's for all beginners, you have to be patient if you want to become a professional and reliable trader, everything will never be instantaneous.

trading is not as easy as 123 like what others think , that they can learn trading and earn from it shortly but ending ? they just lost and then blaming this cryptomarket for their stupid attitude.

some of my friends even took years before they can call themselves trader because of what they need to go through .
Yet the fruits is very great because you can make multiplier but of course need to risk sometimes truly big.

but always remember that trading needs no emotion but perseverance and dedication , that will bring you to gaining.

Then you should tell your friends that the success of trades stands and falls with good risk management. If you bet on high multipliers and take very high risks, then this is no longer trading but normal gambling, your friends can then also go to the casino and bet everything on one color in roulette.

To use risk management successfully, you need a lot of experience - and a large portion of understanding about your own actions and weaknesses during trading.
By the way, a very good book on this subject is the following: The Ultimate Trading Risk Management Guide  (https://www.amazon.com/Ultimate-Trading-Risk-Management-Guide/dp/1797050427)

I like to add one more important thing that you may have missed mentioning. That is the risk management. In trading, it is so important to use risk management so that you can always have the advantage. The volatile and uncertain market makes it hard to predict what's coming next. We make analysis based on many strategies and market movements in order to predict what is coming. But that's never 100% accurate and never will be. And for that reason we need to take precautions before losing all that we have.

Emotion control is hard but it could be achieved by practicing over and over. Nothing happens instantly and everything takes time. It will eventually take time too. But if we use risk management then it becomes a bit easy. Let me explain. When you do analysis and based on that you open a trade. Now the price could go up or down according to your analysis or going against it. As it is hard to predict, we can set a potential price for closing the trade manually. We need to set a Target for closing the trade with the money that we will be able to lose but continue our future trades without any issue. That way we won't lose too much. And it is important to not look at the trade too often so that you don't get affected by your emotion. When you leave it like that with a stop loss if the analysis fails then the trade will be closed at that targeted price. As it is happening automatically, your interference won't be necessary and you won't get emotional for that. This is why it is so important for emotional control to use risk management.

Emotional control is important, but sometimes trading that is done does not have direction and only focuses on profit without seeing other aspects that can affect your trading activities.

Some need to add OP
like;

• Do not greedy, greedy can make someone go crazy and lose everything, the coldned profitability will disappear if we have greed, this also affects our mentality in trading so that it has an impact on emotions.
• Determine the target of defeat and target benefits in your trading activities, this will help your principle in trading so that it is not excessive either on your self -greed or on your loss, with this will make you much better in your trading.

actually people often loss their money because they don't analyse the market situations and keep their profit save that it will be more profitable after few months but situations does not remain same all the time.Those who can better understand the market and can hide his emotion while trading is the one for which success is not a difficult thing.

Only using money for the purpose of trading and investment is not a major concern but I think the major concern is that how to enhance your used amount.This will only be possible if you visualise the market and take help from chart prediction.Now if there is an accurate timing of selling then don't wait more as this type of emotions can be full of risk for you.

Self control and discipline neither on taking profits or holding up your position would really be that crucial specially into this trading field on which it would really be that a common approach or things that must be done for you in order to sustain or survive yourself within this market or this kind of venture which we know that the market is really that totally unpredictable and there's no way that we could really be able to tell on where it would be heading.If you do let yourself that getting affected when it comes to emotion or due to it then you are likely to fail up with this kind of venture or career. This is why proper control and discipline would really be that relevant or crucial. You should really be needing to know to assess such scenario or situation and make outright decisions whether you should sell or would be holding your position.

Success would be always be that depending on what are the things that people been doing and this is something that will really differ since we do make out different decisions and actions to be made on.
Emotion is really that a major thing that could affect out your trading decisions and if you are really that bad on handling out this thing then it would be no surprise that you would really be
ending up yourself on making a series of mistakes due for you not to be able to control up your emotion which would basically be able to affect your thinking too.

Emotions can be a great enemy in trading. And I realize that the real challenge in trading is not just to trade and stay in profits but to control the emotions that have already developed deep within us, the reason why it's too hard to feel less of our emotions as they can most of the time overpower our minds and end up ruining our trades. However, just like what mirakal has said, when you adopt the right strategy to use, controlling your emotions will follow as its very crucial to be successful traders.

And when it comes about mixing trading with drinking, you know this is sometimes hard to avoid especially that with online trading, you need to also feed your thirst while your mind is busy in trading. But if you can avoid it, then do your best to avoid it so you won't end up damaging your trades.

If emotion is not controlled while trading, there will be no patience and no profit because our emotions will not enable us to see our coin's value drop and continue to hold it. As a result, in order to be a successful trader, you must work on your emotions.

Having a target aim in trading is essential so that one does not trade blindly.
Greed is the most common killer of traders; if a trader is greedy, the odds of losing money are extremely high; thus, control your emotions and be less greedy in order to be a good trader.

Let's just accept the reality that the hardest part in trading is to control our emotions. I don't think you need to keep reminding yourself to control your emotions since the moment you decide to enter trading, then its already known that trading with emotions will never be successful. So its an initiative that you trade without involving your emotions at all, which I think will be totally hard most especially for inexperienced traders.

However, even professional traders cannot perfect their trades. There will always be inevitable losses due to their uncontrolled emotions. That's why if you think you are too emotional to trade, then never enter trading in the first place to save your funds from consistent losing.

If you properly have good knowledge of the position you want to entry and you know the potential I guess you need to expect to gain profit by here, but of course takes a lot of confirmation to deal to make this happen.

In my cents, still ideal to visit because even you already committed a trade and can see a good opportunity for position for example you bought already and make a TP on this market or coin and still there's a potential dump after your trade you can make a small trades with it, traders always ride with the market volatility.

I did not deny about emotional control, you are wrong if you think I deny it, I mean that other small things can affect your trade and trigger irregular emotions due to not having the right principle in trading.
Things about that I mentioned if you do not understand that, then your emotions will easily change in your trading activities, because as in general that emotions work dynamically depending on your feelings and ways of thinking, thus causing an emotions in your trade sir.
I understand that each person's emotional is different depending on the maturity of the mindset and control of a trader, and also this is influenced by a person's knowledge and experience in this business activity.

The market cannot be predicted where the direction of the movement, but when you have good analysis skills, you will be able to find the chance of chart movement that you analyze, and what we pursue is the potential for the movement to guide the direction that we usually call predictions.

This is the most important thing in trading, learning to control your emotions. When a trader plans to start crypto trading, he must first control his emotions. For example when I first started trading I suffered losses and could not control my emotions, but later I controlled my emotions. That is why whenever a person starts his business he should control his emotions, because at any time one can face loss in business. And a trader who cannot control his own emotions will never be able to move forward in the future. In business you always have to control yourself, moreover in gambling you also have to control your emotions. All business involves risk and the person who can trade with this risk is able to control his emotions, that is why these things are most important.

Things like this that we really have to realize, because a lot of people who fail in their trading are people who forget to apply this kind of thing in their trading activities.
Sometimes we forget when we get profits from trading, we will continue to trade even though the target profits we get have been met, well this kind of thing becomes a real problem because there we can see that the trading we do is not in accordance with the plan. Just imagine if we continue to continue the profits we get into losses? of course it will be a problem, right, and at the same time we will regret it.
The point is that we must be consistent with our plan at the beginning.

When excess greed works in us but we cannot take right decisions because greed prevents us from taking right decisions. Whenever we fail to make the right decision due to greed, we make mistakes. Sometimes many of our fears come into play when it comes to trading. And because fear works, we can't make the right decision in trading. We need to eliminate fear, have the influence to make the right decision and avoid excess greed, if we can follow these things, but our chances of making wrong decisions in business will be greatly reduced.

The first thing in trading is the emotion. Emotions are the thing that creates a headache for us. This some time fear the market not making any trade because of fear we think we will lose our funds and we maintain distance from it. Sometimes it may be greedy nature and many people encounter this type of emotion once they get profit in a single trade they do that again and again and the result is losing their fund because the market is not always the same and their greedy nature tend to do it again. And sometimes it may be anger which also causes tough consequences for traders. In short, emotions are the main stockholders and we need to control it first and then get the trading.

Emotions are always synonymous with destruction, this applies everywhere, not only in crypto trading activities, whatever is done based on emotions will have a destructive impact on the activities carried out.

My understanding:
* Taking a lot of profit when trading is not a problem for me, trading has its own tricks and strategies for making a profit, without being based on emotions.
* For this reason, trading needs to be done on one type of crypto, such as Bitcoin, other types of coins are allowed but there is no guarantee, even if it is done unemotionally or emotionally.
* This is fatal, you need to monitor the crypto you are investing in at all times, if you are trading, this means controlling your emotions or observing price movements of the crypto you are trading is important.
* There are things that need to be considered when trading from the word park, but not all of them, don't take points emotionally and rashly.
* Certainly.

That's what I know in dealing with emotions in general in crypto trading.

Almost everyone cannot make the right decision in an emotional state, so it is very important not to make decisions in an emotional state because it is very likely that we will make the wrong decision and this can have bad consequences for the trades we make. If we have achieved the target we have made then it would be better for us to take the profits we have obtained and even if we plan to continue then we can continue after taking some of the profits we have obtained, you are right, we must be able to be consistent with what we have achieved. do it to achieve the targets we have set.

That's actually right, because we make our judgement not only into trading, but many things by using our emotions and feelings. If we combined them with using our knowledge, then that's the time we could make our judgement. Sometimes feelings and emotion would contrast to the knowledge we have, because we can't always rely into our guts if we don't have any idea into a certain thing which we can apply into trading. If we can't control our emotions and not having enough knowledge it would affect our judgement causes for us to get losses. And I agree to your statement that greediness could give you bad calls by just repeating the same method which is not applicable in trading since it's volatile.

People could make mistakes when they are not thinking straight and whatever you do that makes you not think straight should be avoided. Emotional decisions are one part of it, I would say that it is not going to end up being all that crazy and we should be considering that as a big deal, I think it would be very cool if we could make it work somehow but that doesn't mean that we are not going to be able to make a profit out of it.

I think it would be quite strong decision if we could make a profit from this type of thing if we are smart about it. I think the best way to avoid these feelings or anything that makes us question our decisions would be a little bit distant from the investment and focus on something else with our life.

A person's carelessness or ignorance is very likely to make them end up making mistakes, not only that, some other factors may also be involved in the problem such as emotions, and for anyone who is wrong in using their emotions then they will find it difficult to get the end result they want or just better than a loss. Emotions have a very important role, especially when we are in trading, you must really be able to control your emotions, calm your mind because only that will allow you to make the right decision for a better end, and if you end up losing then you must be careful, don't get overwhelmed, every profitable thing will definitely have a risk behind it, so set good self-control for prevention, you can be emotional but don't overdo it because it will only make your situation worse.

Something that is based on excessive emotion will always end up with results that you never expected, so it is only right if you can confirm that you are overdoing it then it is better to stay away from trading first, find other activities and you can come again when the atmosphere feels calm.

Uncontrollable emotion is one factor why a trader fails. We usually think that it is easy to control it and urge people to do that but the truth is that, despite the fact that we know the consequences of it, many still get into that situation. They later realize how important it was but too sad that they experience losses and disappointment first before it happens. It is to say that many traders can't do that and it was very challenging but some do it for a reason as they are focused on their goal.

Emotions can be detrimental to us if we don't know how to control it. Those that had been in the market for so long would know that emotions is a big problems many traders are facing and if care is not taken, things might get worse and we might not be able to get things right as a trader. We need to remove emotions from our trading career so that we don't keep seeing continuous loses from our results. It is good when make plans and keep eyes on how we trade to make us a better gambler. There will be many challenges we are going to face and that should not make us take the process too far because want to make profits from the market.

Since we know that emotions can be so detrimental then we need to think about how to deal with them effectively, and I think a way to do this is to rely on a trading strategy that tells you exactly what to do and leaves nothing up to chance.

Such a strategy will be very helpful as if for some reason you become victim of FOMO or FUD the only thing you need to do is to check it and see what you are supposed to do, however for what I can tell most traders do not like a strategy like this as it is very difficult to capture all the nuances of the market in such a rigid strategy.

It was always in my memory when I first tried trading and it was really disappointing and I couldn't imagine losing $100 in just a few minutes. And this is because I was too emotional at that time and confused about what I will do next. But that experience tells me how important to deal with our emotions to a level that won't affect us in making our decisions. That is why I encourage people that we don't just focus on learning trading strategies but also, we MUST learn how to control their emotions because this is the common reason for unsuccessful trades and losses.

If your approach should be followed, then a very important criterion which you didn't mention is for the trading strategy to be powerful, if not, it would fail. Depending on the reliability, a weak or moderate trading strategy would still trigger the emotion that you are trying to curb, and this is psychological, not practical. Mind you, trading strategy is just one of many things needed to be successful in the market, this is why I like to ensure that my whole trading system and plans are good because if the trading strategy is even good but others are bad, emotion could still be triggered.

Above all, if a trader really wants to overcome emotion which is a psychological thing, such must be very disciplined in their trading and be determined to follow the advice of their trading system and plan without alternations for any reason.

I think emotions have a big impact on trading. They can influence the choices we make in the market and greatly affect our success. When engaging in trading it becomes crucial to be mindful of our emotions. I believe there's two emotions experienced during trading ;fear and greed.
Fear may lead to hesitation. As a result some opportunities can be missed. On the hand,greed can result in taking risks and making poor choices.
Being able to identify and control these emotions is necessary when making trading decisions. It is essential to recognize behavior and prevent ourselves from getting carried aw ay by impulsive decisions. Having a defined plan and commiting to it will not let emotions affect our decisions.

Fear and greed are very common in the trading world and this is why many become emotional that must be avoided. Many times traders cannot control their emotions. Makes big mistakes during any bullish or bearish trend. When the market turns bullish, they think that their asset will play the biggest role in realizing their dreams, but in reality nothing happens. As a result traders will naturally suffer there. Investing in any coin is foolish to have high expectations. And when the market goes down for some reason, many people fear to sell their assets at low prices to minimize losses. It is also a big emotional factor. Investors must pay attention to this. He should not take any decision out of excitement in any sudden event.

The biggest losses in trading are mostly caused by our inability to control our emotions in trading itself. sometimes we are too FOMO and sometimes we are too greedy. I personally have also experienced loss. But not much because I was learning trading while being guided by someone who would always give me warnings. He is like a mentor to me. And from him I learned how to manage emotions in trading. And also learn about trading psychology.

And at its core it all matters. Whether it's controlling emotions or various types of analysis that we need in trading.

We are all here to learn and that’s the most reason why I dropped in on your thread to gain a few from what you’ve got to say and with that, we could also correct or offer insights on not just the subject to the discussion but, presentation as well.
With that being said, I do hope this meets you well;

I have bolded and underlined some words of interest with regards to what I’ve got to say as these are not readily acceptable in your bid to teach to a people.
While the second point having Volatile as against volatility might be acceptable, being different words and the context to it later explained, the first, being profitability as against profitability shouldn’t be. Profitability is the point being dissected here and your still, using it to explain itself doesn’t make a lot of sense.
While teaching, you use other related words to explain what point your proving and not use that word to try and prove itself. I don’t know if your understanding me but, that’s what I see here.

Meanwhile, emotions play a large role to your trading journey.
It could make you profit; Taking trades that your not 100% on but it eventually clicks in your favor.
It could make you lose on a trade; staying in a trade for too long that you ought to have, taking a trade that you shouldn’t have, going out of a trade too early and more of those.
Emotion as well could make you avoid loses; not having to take a trade at all because your scared and not sure of it and then, it turns out to be a best decision.

A trader who is in charge has power and is king. He who has self control can achieve what those who let emotions run them down can not achieve.
Whatever profits seen don't expect too much because of greed. The collection of profits is really underrated by too much traders that they eventually end up losing it all.
And if you lose the trade that day or moment, fail to dwell on your lose and forge ahead. What should not be repeated is not taking profits and learning from your previous failures.

Yes, I agree. In this case, the influence of emotions on trading results will be quite high. Even though we have tried to analyze very well and apply the right strategy, if it turns out that we have not been able to control our emotions well and wisely, then we will easily be lured by market conditions that change easily. As a result, the strategy we have designed will fall apart. especially if these emotions make us panic, well, it might be easier for us to act or make decisions when we panic, without careful consideration.

From here, the importance of being able to manage emotions well. all of this still requires learning and practice. However, sometimes we have to encounter various things first before we can really start to manage and control our emotions well.

You should always learn from whatever the outcomes of your trading session, not letting yourself to get something
out from your previous trades, will keep you being blind with what you wanted to achieve.

It's very important to have that target and keep the knowledge that you can continuously be achieved, stop all those wrong interpretations
and allow yourself to keep improving your trading skills.

That's right, extract the learnings that you get from your trades. Either win or lose, that's like the best that you can do with the results that you have.
It is important for you to get something out of your losses and that's the learning that you can get with your previous trades.
In light with that, you can apply that to your next trades so that you'll be able to get better chance of winning instead of more losses.

I know one cannot hide his feelings and thoughts comes every time according to the situations like if market goes down then we will be worried about our investment. If we choose a stable coins or a coin for which chances of disappearing are less then we will not be in fear of losing money so in such situations we can overcome our aggressive, greedy and impatience types of emotions. In initial stage of entering into crypto space you will be acknowledged about the volatility so if you become in stress then remember that this bear is just for few days or months and the situations will become better again so in such thoughts you will have control on your emotions.

If you don't hide your feelings then these feelings will hide the ability of your brain to make a good or bad decision therefore you will always be engaged in negative thoughts related to your money. I think one should be aware of bear market so when market reduces in price then keep calm and don't make any decision that can move your profit into loss. Also choose coin which just reduces during bear market but do not disappear completely like that of bitcoin.

Emotions have become a big factor in trading. If you have unstable emotions, then most likely your decision to trade is not actually the best thing to do. You could have trade and end up with huge losses, that is because you forced to enter trading when your emotions are not yet ready. A lot of traders are doing this not because they don't know how to trade, but because they want to hit their goal in an instant. And we all know that trading does not work like that. You will only succeed in trading once you have secured your emotions and your focus and attention is only on your trades, not on the profits behind those trades.

Controlling your emotions is really hard. But the fact that a lot have been successful in their trading career, then its a clear proof that controlling your emotions is still possible despite of how hard the process is.

I feel the fact that human being attach emotion to their analysis is why most times technical analysis done by a bot might be more better than that of an human. Over time the bot trading has been making wave and attracting users attention due to the good performance. Most users who traded with Bitget bot trading has been giving good reviews and tends to prefer bot to human analysis.

Honestly expecting too much profit after the price had moved in your favor would ended up losing the trade this is from personal experience when I was still a newbie I never considered the volatility of the price of the pair I was trading but now once I am profit I swiftly exit the trade though this is based on my experience in crypto trading as for investing in crypto the main coin I invested on is Bitcoin thus I never bother when the market sentiment is bearish because definitely a period of bullish season would surface that is the only crypto that would make me remain calm and without any fear after a through research on it past price behavior and Price Action

Emotions literally control the markets.

Sentiment = Feeling good/bad about an asset.

Yeah, it's best to try and control your own feelings. Don't trade when you're happy or depressed. You need to be calm and focused.

Unfortunately there are way too many people who trade with unstable emotions and then they do end up blaming the method, or bitcoin itself for their mistakes. The worst thing a person can do is not realizing the mistake they made and blame others for their misery, accepting your own fault at your own mistakes is the first step at becoming better and unfortunately not many people do that, it should be noted that it can't be sustained and they will make more and more mistakes and lose a lot more money with time if they are not careful.

This is why it is a lot better if they could just focus on what they can do better, and what they have done wrong, it would definitely benefit everyone and give them a greater return for sure.

You should really be that making yourself that adaptive or something that do talks about being versatile when it comes to various situations on which on the time that you would really be that encountering new things and able to commit out mistakes, then it would really be that impossible for someone not to be able to notice it out and learn something from it. We know that experience is the best teacher and on the time that you are really that indeed experiencing some mistakes or errors then it would really be just that normal for a human to make out such adjustments on next time that you would really be able encounter it. It is really just that a matter
on how a certain individual would really be making out adjustments. We know that emotions is the greatest factor that could really affect someones trades or whatever they've been dealing with, we are just simply humans and having that those common emotions basing up on the situation or condition that you are really that experiencing.

If you do lack knowledge and experience then for sure the reaction would really be somehting that would really be off or would really be resulting into further damage or something that simply talks about mistake.
Overtime, as you do get going then you would really be able to eventually to make out adjustments if needed.

It's all about learning from your experiences that make you better at what you are doing. If you make a mistake and learn from it, the mistake isn't wasted and whatever you've lost is the cost for you to learn something useful, but when you make the same mistake again, it means that you have lost the money and also didn't learn anything from it and that is a bigger loss, in my opinion. So, those who make mistakes, learn, and grow, tend to be successful one day.

A lot of newbie traders make such mistakes, they get emotional and make decisions that cause them losses, some of them get disheartened and leave trading forever, and others will try harder and learn from their mistakes and stick to gaining more knowledge and experience over time, and those are the people who will become effective traders in the future.

  As a trader here in the crypto field, our aim is to make a profit. Now, if you don't have enough ideas here, we can still make a profit while we're still studying it, and we can do something like this by buying and holding it long-term, not short-term.

  It is important that we gain knowledge about trading before we jump into the so-called day trading activity. In this way, we can help ourselves become responsible traders if we can also make proper use of our emotions in reality.

thats basically just FOMO its why people with weak mental consitute should never trades because they'd easily get influenced by external factor and easily swayed emotionally into doing something that the whales really want him to do.
thats why its sometime advised to go against the trend, like some experts out there have said, buy when market is in fear and sell when market is in greed as simple as that but actually quite difficult to follow if im being honest.
after all, such thing requires strong mental capability to go against the trend quite literally, i've tried once and its definitely harder to keep calm when we are buying meanwhile everyone else is dumping.

Emotions are just one of the components for successful trading, and discipline and good strategy are much more important. If a trader does not understand when he needs to enter a trade and when to exit, then he will do it at random - this is one of the most important points in trading. And the lack of this understanding will entail losses and, of course, unnecessary emotions, but this can be avoided, or at least minimized.

And I think a trader will never be missed from the name fomo, fear or anxiety will always follow them because this is an activity that is difficult to predict accurately, so maybe it's only natural that some of them are always fomo in their trading. Quite agree with your assumption, basically trading is an activity that has a fairly high risk, there are many things they must prepare when they want to engage in this activity, and one of them is as you mentioned, if they do not have a strong mentality to face all conditions on their journey, especially the possibility of risk then yes we can be sure they will not be strong in withstanding the pressure in such conditions. While on the other hand this profession requires you to be able to remain calm when involved because your calmness will have a very important role in terms of making truly appropriate considerations, besides that you have to eliminate your emotional overload because of course if you don't have good self-control over it then I think it is very possible for you to do uncontrolled things that cause the situation to get worse.

Although it is quite recommended but in my opinion it is still quite high risk when we have to decide to go against the trend, they must really consider in terms of looking for indications that the percentage is quite high when you want to go against the trend, if you are very confident with the analysis that the price will really reverse according to what you expect then go ahead, but yes it is quite difficult to be able to get a strong mentality to do this way.

I don't think emotions has any importance to benefit us as a trader in the market. Those that had been trading in the market that have problem of emotion easily create loses for themselves due to weak confidence to go on a trade they have finally analyzed. Emotion can make us to easily lose out on trades because of weakness to take trades, analyse the market and confidently trade in the market. Professional traders are always careful with their emotions so that it will not make them to take wrong trades or leave the market too early.

As a trader there is no way one can limit themselves to only Bitcoin and a traders portfolio will surely have multiple assets but it's upto the trader how he reacts the market trend and to be honest just like others even I have made mistakes while trading like sell off or buying in immediately once pump/dump happens but ended up having opposite results where I ended up losing either because the coin which I bought due to pump got dumped or the coins which i sold due to dump had regained the value and started moving upwards. We should rather learn to read candles with multiple indicators and go with technical analysis rather than just by looking at short term market movement, one should make hard and fast rule about do's and don'ts when it comes to trading and strictly adhere to it regardless of market sentiment. All we need is a proper SOP (standard operating procedure) for trading which will help us to keep emotions at bay.

I am not sure about your trading skill but I am really interested in your writing skills. A long sentence like this makes it difficult to understand the main concept of the comments. There is no offense, just a piece of advice.

You are right about the diversification. A trader doesn't need to keep his trading activity limited to bitcoin only as there are other markets where lots of money inflow happens. A trader's goal is to make a profit and it doesn't matter which coin he is using to do that but if someone is a long term holder then he needs to be careful when doing diversification, as most of the altcoins are scams or won't perform well in the next bull run.

Every decision that is manipulated by a strong emotion will not be good in the long run. It might only be feasible at first but it will never work in the long span. That is why to free yourself from wrong decision making, then never trade or invest when your emotions are not stable. Do not be greedy but learn to trade and be open for losses because that's what trading is all about, not only exclusive for profits but losses as well. When you do that, the risk to lose becomes lessen as you dont get pressured trading and expect instant profits.

Good point,  emotions most of the  push you to something that you may regret after, though sometimes emotions helps in terms of getting bigger compensation from your trade and sometimes its also lead you to lessen or avoid making huge losses, but not all the time that instinct will be true  and with just one mistake you'll be able to ruin everything.  Better to trade with knowledge and right sets of skills and lesser emotional domination.

I think what OP meant when he said "not to expect too much profit" something like that is in futures trading.

Most of the newcomers in the trading world, wants to engage instantly in futures trading using a very high leverage to gain big profits in a short period of time, but what happens most of the time is the exact opposite, they lose a lot of their money because of their sudden actions without any plans at all. This kind of scenario always comes from a social media post, bragging their successful trades in futures, so some people thought that they could do the same when they start trading in futures.

We can't rid of our emotions but we can control them and the best thing to deal with when it comes to trading or else, we lose.
Because we don't need to feel like a robot who has no feelings and emotions in order to succeed and I know these pro traders haven't done it. Well, the most important is that we manage to control it in the right way. In fact, it was not just our emotions that could be a reason for our losses and failures, it is also how we choose coins in trading and the platform we use.

It is important for all traders to control their emotions before starting their business. Those who trade in the crypto space first control emotions and then profit. Failure to control emotions will inevitably lead to losses, which is why this matter is most important in business. There is a lot of volatility to be faced in the crypto market as the market is not in the same position all the time and that is why many traders face losses by investing. When one invests Bitcoin or other currency in the market, if one is faced with volatility, if one cannot control his emotions then he will not be able to profit. That's why emotions should be controlled first and investments should be made later, only then it is possible to succeed and profit is possible Patience is the key to all success.

Adding to what you have said,
Avoid excessive information overload which comes from trading chat groups, news and these are capable of triggering our emotions thereby influencing our emotions while trading. Secondly, if you have a trading approach, try to simplify it as much as possible. And lastly, let your concentration be on one market only. Focus on understanding the specific dynamics and behavior of that market. It is only when your focus is all over the place that your emotions will get the best of you as a trader.

6. Dont be too optimistic
7. Dont anticipate positive results
8. Dont really make yourself that too confident on your  trading positions
9. Having a selling point or buying point
10. If you do have a losing trade then learn from it then move on

Emotion is really that indeed a huge factor when dealing up with trading on which this is something that could really affect you greatly if you dont really have that kind of self control.
You would really be able to hardly be able to control yourself if you dont have  that kind of discipline or moderation on things that you are dealing with.
Experience does count because the more experience you do have the more control you could be having.

It is really just that there are people who cant really be able to control themselves on times that they do encounter some tough situations.
Its inevitable but once you do able to have a good grasps on something then it would really be just that fine.

With good control of your emotions chance to benefit from this venue of business is possible,  yes you are right,  we don't need to be like robot or like a bot which only execute once the set position has been reached.  We have human intelligence which is far better in terms of judging the situations,  though most of the time emotions  put us in a big risk but having the right discipline we may use it to generate decent profits.

i can't sweat how many times i missed best opportunity of either buying or dumping the coin because too affected by emotions, but when i tried to manage my emotions, just thinking logically without any influence of emotion, i've scored so many profits from spot trading alone that I think the different is indeed there.
emotion is what causes many people out there to fomo and losing money also to panic sell and also losing money. its just overall the main reason why some people might take the shittiest decision because they just too influenced by their emotion even more frequent occurred with those newbies that don't really get used too much with the circumstance of the market I think they are the ones that always gets affected psychologically by every market change.

I know all this advice is important, and emotion is a villain in every single situation. Impulsive and immature emotions cost you a lot of money. That's because even though the market is driven by people's emotions, the real strategic traders play well in their situations, and they make a huge profit from that. Trade from your safe zone until you can handle your emotions very well; after that, you can lead the play. There is one thread on this site that says to "pause the moment" when you get confused, emotional, or whenever you need to just pause. It's great advice I saw because pausing is a solution that someone who is overwhelmed with emotions needs.