Bitcoin Forum

What are some examples of when emotions mess up your trades?

- You feel so greedy and you want to make a profit of 150% overnight
- You take too long to decide when to sell off or buy
- Your buy or sell actions are often determined by sudden price changes i.e. Buying coins at peak price and panic selling them off at bottom prices.

Yeah. Emotional investing is looking for the quick fix ;D

first is patience,
patience is the main key to successful trading, because without patience we will often be stressed when seeing the market go down so fast,
the second is don't panic.
do not panic is the second key to successful trading, because if we often panic then we will also often cut losses,
and learning to control both emotions is the key to success.

Fear when the value of your assets start to fall, thinking to quickly dumped to avoid more loses, common reactions where emotions got first inside
your minds and not to allow you to think well,

Greed when rising is ongoing and failed to sell in the right timing, when value falls regrets happened, emotion is a wild side of our mindset, we
better learn how to balance so we will be able to succeed.

Dude, you realize what you're typing is not the answer to OP question right?


I don't think this can happen only because you're emotional, but it might happen too if you use too many indicators. Because of this, most traders recommend to use around 4 or 5 indicators in order to guide your trade (unless you're doing fundamental trading or long-term holding).

Btw, a tip to avoid getting emotional is to always stick to your plan. Sure, you might miss big gains but you can manage risk properly with that. Instead of hoping to get 1000% overnight, you should avoid getting rekt by 50%.

In the end of 2017 i earned 500% from 1 trade but after that i decide to hold that coin with aim to get more profit, and i did not use stop loss but finally the price keep dow to more than 90%. This biggest my mistake ever, greedy been make me loss much money. Greedy is natural emotional thay hard to control it so important to use stop loss after you buy crypto because no body can predict the future.

1. Some time we become very greedy. And don't close the trade with profit.
2. Some time trying to buy quickly a pumped coin with emotion.
3. Some time sell a coin which dump heavily and again buy the same coin after sometime of sell with high price.

We should always control our emotions. And we should take a decision with cool head and without emotion. Always be cool before buying and selling a coin. And should close a trade with little bit of profit.

Emotions can change your decisions, you can't think clearly again but follow your instinct with out calculation. Many people fails because can't control emotion and they always blame the market, that's wrong. Control meaning follow the strategy, reach the point cut loss and go, simple like that.

Trading is driven by emotions so it is not controllable at most cases and it maybe identified and can restrict the losses from emotional trading when you have lot of experience to face that situation.I don't say it is wrong to buy a coin when it is bumped up but it needs to be in short term and need to close that bumped coin very soon to make profits even if you see that prices were bumping again.

Based on my own experience, it is the not selling of coins and tokens when it is already at a good profit thinking it would still go up. I've also sold some coins out of panic.

Here are some trades that goes wrong because of myself being emotional:

- I already made 50% last 3 days, I didn't sell and thinking that the price could still go up, next thing happened it goes down again

- I didn't listen to my gut feeling, did not invest then the price goes to the moon

- I listen to someone shilling for a certain token and since he is a friend of mind, I put big amount of money, now I'm still down and the coins never goes up

In crypto, I think panic and fear of missing out are the two emotions that commonly mess up trades. Here some examples:
Panic: When an investor hear some bad news about the coin he has invested, he panic and dump his coin at a price lower than his buying price.
Fear: When an investor see the price of a coin pumping, he is afraid that he miss the train and buy the coin at a high price.

How do you caluculate the best stop loss value? (When you decide to cut your losses and sell)

Well I am sitting on a few trades (my whole account balance) and waiting for the price to reach my original stop limits, for a small profit.
 
I must have not read the charts well enough and bought at the wrong time. You live and you learn huh?
 
But I am not going to just cash out and lose, because the trades that are hanging are with semi steady alt coins that should go back up...

Not following through with your trading plan after you buy the asset is a major emotional disaster. Set your targets and stick to them. Have a plan B in case things don't go well but let that B plan not happen on the spur of the moment. Emotion is the major killer in trading.

You may want to stay on those trades because a bull run is on the way.

Making decisions when emotions are high, often results in decisions that cause regret. One of them was selling coins in panic because they heard the news that was going to go down. The news was hoak. Without analyzing the truth.

How do you know??

Greediness affects most of the traders, forgetting to sell while the value is rising thinking that there's a lots of uptrend movement to happen, waiting for much higher value, but suddenly value start to fall and when the value is really down then emotion again influence you to sell out with a big loses.

This happened to me back in the heydays of the now-defunct Mintpal. I was trading Blackcoin and kept it for a few days. Then a sudden pump happened, and I was so happy my coins are getting its value for once. Thinking that it would continuously climb up, I didn't sold my coins even though I'm almost @ 200% profit from my entry point. Little did I know that it would be the last push before everything goes to shit, and instead of getting insane amount of profits, I ended up with just 20% gain which isn't that bad but still. Greediness got the better of me, resulting into a mediocre gain instead of having a hefty sum at my arsenal.

Sometime in 2011 when I was trading forex, I could still remember one day after analyzing the market and put a buying other and about three minutes the price stated going against my position!  I quickly close the position and as if someone was seeing what I was doing I find out that the price stop at that point and reverse to favour my decision and at that time I have closed the position for fear of losing too much.

Last year I missed a big opportunity to gain from MTC tokens just due to my greediness. I got some big amount of tokens from few campaigns. First I sold some tokens for 250 satoshi and after few days I did see prices were trading above 1200 to 1500 satoshi but I did not sell and the prices went up to 6000 satoshi also but I waited for 10k satoshi per token but now it is trading below 500 satoshi (when I checked last) and I am still holding them. I guess 5k satoshi must be a good prices but my greediness stopped me and made to wait for months to years.

Another similar incident was with IPSX, I got some tokens worth of $1200 but did not sell them and still holding for less than $100.

I rushed to buy lisk when it was trading under 80k satoshi by last June and now it is trading around 33k satoshi. This is an example of not waiting for right price and not averaging the buying levels.

Thing that happened to me many months ago:

I did trade, but the funds I used to trade came from the signature campaign, I had little profit and every day it was very stressful for me to see that profit so little, I started thinking, "If I could have more money, I would have more profits... ". So I took my stuff and sold it and asked my parents to give me money and bought bitcoins. But even then I still felt that the profit was very small. so I started taking all my money from my bank account to buy bitcoins, greed was destroying me and I was not realizing it... I just wanted to make very high profits as soon as possible that I do not realize that in real life I did not buy anything for myself.

So I had to stop doing trade and get some rest, that's how my greed is over, and today I'm happy with every profit I have, and I know how to conserve the money to trade and the money to buy things in real life.

Going all in with my savings back in 2013 was definitely the deepest point of my time in crypto.

I couldn't stop thinking about all the possible things that could go wrong that would make me lose my savings. Almost every minute of the day I checked the price to see if I made some money or lost money, and this continued for like a week straight. I ended up panic selling at a ~15% loss, then went all in again after the price recovered, then again sold at a loss.

Going all in is bad in so many ways, but the losing aspect isn't even the worst part if you think about it, the stress and the bad mood that comes with it is so much worse.

Saving up a decent amount of money takes a good decade, getting rekt in crypto can be done within a year.

When the value of our assets continues to decline day by day, it will be a difficult time for us to fight with our own fears. It would be better to leave our investment for awhile when the decline occur so our emotions won't ruin it.

Thanks for sharing that one Ref.

Yeah I started buying during the big bull run and had been making bitcoin buys on the way down. I lost a lot. In hindsite I would not "hold on for dear life" watching the price on a nearly constant decline, and instead just set a sell limit order.

Doing stupid things, like selling your coins cheaply. Though coins have good potential according to your beliefs at the beginning.
then too quickly believe in negative issues so you panic and do carelessness.

I think the main reason why most people fail at making any money trading is due to greed and fear.

Most people buy a stock, and when it goes up like 1%, they sell because its free money for them. However if it goes down 1%, they don't sell. When it goes down 5% they still don't sell, only when it goes down like 50%, they finally sell and it usually reverses then.

And this is why its difficult for most retail traders to make money. They are good at picking good trades but their risk/reward is completely messed up because they never want to take a small loss or a big loss. And it should be completely the opposite where you only take large profits instead of small profits and take small losses instead of big losses. However emotionally its very difficult for humans.

The ATH with BTC near $20k was a pretty good example of greed for me personally; I didn't cash out all of my stack near there but I did cash out a good portion of it. My buy-in price was many times lower than the ATH and I'm still not in the red, but if you're trading, it's extremely important but also difficult to figure out when and where to take profits and when to accumulate coins. I still have problems with this, though I've traded quite a bit since then and I have better control over my trades now.

some of the conditions that I experienced when I traded emotionally or had a high sense of panic include:
- hurry to buy lots of coins when the price drops, even though some time later the price decreases.
- dream of getting big profits with fast trading
- Not selling when the price is high, because it already has a price target, even though the price has dropped a few moments later.

You know you can more easily find this answer on Google because there are so many trade articles that discuss this, not only in crypto trading but in forex and other trading, not to take emotional action because it can be risky for a solid strategy, the point will damage your startegy.

When you are so desperate to gain when its obvious that market is falling

When you wanted to gain more than 100% even that you bought a shitcoin

When you panicked even a small drops happening inyour folio

And lot more to mentioned

I have some experience when emotion took away my trading profit. Because i'm still on work and then bittrex coin get pumped, i actually bought that coin in normal price. But boss come and then i panic and what make it worse, the coin dumped very much and i not sell it yet. And it end with i cutloss my coin, then price back pumped again.

Revenge trading is a first-hand example of emotional trading. When you have a trade set up and entered the trade and in between the trade something happens that changes the course of the market movement to be against you. If you are a good trader then close trading that day to come back to trade another day. If you are an emotional trader you will like to revenge the loss and enter trade again which most of the time will bring more loss.

Panicking and always making mistakes decision is the common problem of some traders nowadays  .which is even though have no specific information, always quick jump but always regrets as well at the end. . that's always the worst nightmare of some noob traders .

you are absolutely right when the emotions will mix up with the trading the above mentioned points are definitely came to our subconscious very easily and it takes a long time to vanish in our mind so this will definitely not so good for trading.

some traders who still do not know how to choose tokens that have the potential to increase prices usually they will sell it at a low price while a few days later the price becomes very expensive, and what is worse is that many traders cannot control their patience.

But I do see this is due to lack of awareness on the potential of those tokens. I mean they are failing to predict the maximum value for those tokens for a given time period and this is the reason they are selling in hurry. We need to understand the basic facts of how emotions will work like if we are confident about target levels then we may easily control our emotions.

Sleepless nights.  ;D

You keep on waiting for more even if there is already profit.
Greed is taking over and eating you. You are already messing up the time of lunch and dinner.  ;D

At bear market, you keep on thinking that the price will go up even if all proofs are already in front of you tell you to withdraw.
You just want that ROI back but your token are already at zero value.  ;D

I agree. It happened to me once when I panic bought some coins when their prices went low without thinking how much time or the percentage of them gaining back up. I was so excited then, and surely, it can to bite me on my ass, since some of them never really recuperated and some I only sold on break even. I was really frustrated since what I used that time are the returns I earned from a long and much anticipated ICO rewards where I started before. I have yet to learn then to be tactical with my actions, especially in the trading market.

I agree.Being greedy and sometimes having fear of missing out will not do good in trading anymore.Most of the time when we are over ruled by our own emotions,we end up making our trading a failure one.So as much as possible,we should learn how to control our emotions and trade only for profits and not with emotional satisfaction.

Since sometimes trading is 60-75% controlled by emotions, this was hard enough to not greedy at all.
- Applied the strategy to another coins which has the same pattern and the almost same of coins marketcap
- Put the goals too high, sometimes we hope at more than 10% in 3 days. At bearish market we must see the real condition, don't put the goals too high.

There are so many times I feel superior after get some profit from several trade and could buy the coin without any proper searching, and when I lose my pride get hurt and try to cover the lost by buying it more, and when I was beginner I easily belive all the news and buy the coin that suggested in the group signal, whenever the group said that the coin got chance to grow I will buy it, and I end up with bags of useless coin

I admit that emotions will messed up everything in trading.. Panic is the no. 1 emotions when the chart seems going in the opposite side with my expectations.Greed is the next emotion that will destroy your strategy. I've experienced that many times. What I did was to take time, and did not do an entry for a couple of days.

I guess all kinds of emotions are having their own way of consequences in our trading. I mean all of them are perfectly working against us to lead into losses. I did hear that greed helped some traders to make big money but I am sure they might have failed and lost big money out of the same greed.

In my long trading career, I have seen many occasions where my emotions had killed me almost. I started realizing like how weak I am in controlling my emotions then I started to trade emotionless. Still, I guess I am a greedy trader like targeting impossible things to make huge profits. I am a long term bitcoin holder, hence even if my other trading may leave me without satisfying my expections, I believe bitcoin will help me to fulfill my all greediness :P.

Have you ever been trading when your angry? I did it once and ive messed up. I end up getting annoyed on the small red numbers then end up selling at low price. It eventually goes up after a few hours and although the amount is not that high, i still get regrets about it. I never trade again having an intense emotion

linear motion song mix it with your trading then you will not be in your correct way because it takes long time to investment for choosing a decision that to be very long period of time but in normal time we can make quick decisions and make investment very easily but at the period of emotional time we will change our confidence very low.

it is and very important topics to discuss when the emotions that messed up with our trading or any other business it will be done big trouble for us to do our proper work with very hard situation because we need money every time when we had some emotion to clarify but at that time we don't take a right decision when will be collapse and our work so it will definitely need a solution.

Yeah, I had the same with my friend. There was couple of us in telegram chat talking and some of them were keeping sys in their exchange and believed it would go up. While we were talking the price of SYS suddenly increased and they were all becoming a bit more richer because it went up like 200% or so all of a sudden.

Another friend of ours suddenly decided to send his money to that exchange and buy SYS as well, because he thought the price was going up so why not. Of course just like anyone expects , dude managed to send his money so late that he bought when the price was already high and the price went down after he bought. All because he did something with his emotions and rushed a trade without actually thinking about how he is getting into it after it went up.

There are many situations where the trader panicking. The best examples here are the traders who lose in trading, they are doing overthinking about the loss that they experienced. They can't focus on the decision that they should do and that's why they cannot manage their emotions when they are trading.

lots of examples of chaotic trading because of emotional, one of which is my experience.
when I traded with ethereum, ethereum always experienced an increase in prices and made me get a big profit, but because I felt greedy and wanted to get more profits, I decided to keep holding it back and not sell it. As a result, the longer I endured the ethereum price declined, and I lost my initial profit.

I feel stressed when we need to face some emotion while we are making money from cryptocurrency field otherwise there is also same strategy in work and confidence but making the decision will be not more quickly than before.

The best example for me was when I choose not to sell during the bull run.
Now, I'm still holding my tokens and I'm kinda making some regrets and fantasizing things that I could achieve and enjoy now
if I made the right decision during the bull season.

in any financial market, the pressure on trader increases once the market see downtrend then the trader should have the emotional balance to handle the pressure and wait for right opportunity

Its not the emotion's fault because you are not emtional that time . being emtoional means a trader/invester is affected too much in a dip and result for him to sell his assets at a loss because he wont accept if he will loose again . 

Your decision making is the one that screw's you that time because you think that the prices can rise more but unfortunately they dont  but dont worry because crypto can probably rise back again in the future  .

When you lose trading and you later realize that you shouldn't have lost that trade but it happens mainly because you didn't follow your trading strategy before the trade was made you will realize that it was an act of emotion that you took that decision.

You arent the only one who do have such regrets even myself still having those nightmares of Dec 2017 bull run when we do see bitcoins price hits up 20k usd each.Due to our fuck*ng
greediness of making more profits we do chose up to hold instead on pulling or selling out to secure profits.We are emotional on those times because we do feel that it might even more shoot up
its price to gain more profits but sadly we do see the other way things around.

Our emotions will sometimes give us good and bad results but for trading, it is giving more losses which we could really regrets after.
As we go into trading, this is the most important thing be controlled and not letting us to dictate of what we should do cause it only ruins of everything plan for. Making and immediate actions would be a big help.

This is what happens. But I believe that Bitcoin is not only about the monetary benefits. Not all in the business are in for money. This coin is lucky enough to have political influence, tech geeks and economic freaks showing interest in it. So, it is not always about trading. However, if one is trading, be sure not to follow the heart but the mind after having thorough calculations of the data available.

This incident seems to have been experienced by many people here when just starting, having a group signal will only make us suffer more when we are easily deceived by all forms of information that are not basic. Emotional trading is only because we do not have patience and high self control, so we will easily panic and make wrong decisions.

As far as I know, trading is just like gambling so if you lose in your trading the possibility that you have to give everything and try again because you want to get what you have lost. But listen to this, not everyone is not that too successful to getaway their self without getting addicted trying to chase their losses. This one seems to apply in trading too, you just have to use your common sense if you see there not right.

Addicted can happen with everyone but it means it is like gambling. Especially in trading we not lose all money even we get addicted in both loss or profit situation. But emotional trading is a big problem when we only follow what market want.

It's the time when I still don't know that selling a portion of your port is a must when every coin is soaring through the sky. I'm so ambitious and all I can think is that the profit I get is not enough and I wanted more like a multi-millionaire.

Yeah, fear is probably the most powerful of all human emotions, and when traders become afraid, they will sell a position regardless of the price. Fear leads to panic, and panic leads to poor decision making.

This is an open secret and one should understand that there is no good emotional trading can do you.
In addition, one should understand that the market does not give you benefits all the time. At times the benefits may be higher than you think. Other times they may be very down so this mindset should be made.

Furthermore, the market works and operates in a cyclical way. Today its down, tomorrow up and again down and so on.

No better way to get into a huge percentage loss than to go with your emotions, even really awful technical analysis is better than going with your emotions!

You feel that the profit you earned is less and hence you wait for the price to go more higher. This sometimes leads in loss.
You want money so badly that you think of indulging in pump and dump trades.
You become a victim of FUD and FOMO and panic buy/sell your trades.
You invest in get rich quick schemes to earn more money in short time.

All you've stated above was true, indeed, all of these have one solution that you must to apply. Here is timing, every decision and transactions you're going to step on must have a proper timing so that you know how to earn a profit. But, ain't sure this is not an easy task even how expert you are sometimes you might get a wrong decision in trading.
Emotional and greed you must control these major causes of loss.

Emotions need to be reduced while you're into gambling as well as into trading. Being emotional surely affect one's trading experience, because with trading an expert make use of even the minor fluctuation. While one is emotional it isn't possible to act quickly which is must with trading. Also targeted profiting leads to loss which needs to be avoided.

Well if people are in treading they should know what thing is important for them, the profit or being worry without any reason, before trading all traders are must be told not to use their emotions in trading as being emotional can reduce your strength and you can feel low determination of holding which is other name of panic selling and then lose.

There is too much different between trading and gambling, we can consider trading as gambling, if a person is addicted in gambling his all money is in risk, but trading is a profession and we need to spend more and more time in market so as to know all the thin and think in trading, and after that we can become succeeded in trading. Trading is a game or any kind of sports but it’s a legal mean of earning your livelihood.

Today i did a trade that was $40 worth. But I saw the price go way down and a big red candle so I placed the order in a big hurry.

For accidentally I place the order for, $400 worth  :-* :-*

Luckily was able to fix my trade but it took a few minutes before figuring out my error, was sorta emotional seeing the big red candle

Yes, by selling some portion of your coin, it means you can get your money back, and you can wait for a while and buy again when the price goes down at a lower price. But I think greediness will be the great examples that could mess up our trade so we cannot make any profit. I guess there are more examples that we can get that will interrupt our trading and will prevent us to make a profit.

I was a victim of my own greediness once in my life.
Not selling because I'm thinking of a bigger price which could give me profit but it turns out the price will dump
and as the price is dumping I still think that this would recover but it didn't until I reached at this time that the price is already at dip.
I think some of us do have the same experience like I do, not selling during the bull run and we are stuck right now.

It's always greediness that makes us miscalculate our trade, assuming that current flow will alst and wait for the final peak but suddenly it will begin
to fall, thinking that things will be better again and wait till nothing happens and emotionally sell out to panic, worrying that the price will fall more,
this kinds of emotions kills every investors and traders mindset.

We love reading but deep inside we are also experienced same thing.

many traders and some others prefer shortcuts to gambling but they do not pay attention to the risk of gambling which can make them impoverished instantly. it's better not to gamble, trading is safer than gambling.

The confidence of each trader will increase when they profit, but don't overconfidence so you underestimate technical analysis and calculation, anyone will need it. and the signal is a scourge for traders, don't be easy to believe with such thing

Exactly it is not good to be over confident and forget about the risk you have in your emotional as people become so sure about their predictions and they sell their coin according to their own mindset instead of they look for market and make analysis over there which is not good for sure, so be confident as you are in good hands but don’t forget that you will have to remain active and reserved too.

how then do the pro's advize to control emotions????  are there tried and true Techniques?

Smiles... Really a wonderful question. It is a case of when Paul encountered Jesus, he (paul) knew something happened in his life that changed him.

Friend, I believe is a personal encounter cum experience. Just seat yourself down and say to yourself, I won't allow my emotion to control my trade. So , if you can advise yourself, then you have become the expert that advised yourself.

Is a personal thing.

We must understand that emotions on trading is not totally bad as it helps us reduce loses some times. However last two year precisely,  I bought lisk when it was below $2 and when lisk went to $5 ,I sold it out of fear that holders are going to dump it.  When it was $24, I bought it and I am still holding it till now that is less than $2!

You did not make a bad decision here since you are still holding it until now.
Lisk is one of the best coin in the market, the volume is good and the development as well, you don't need to panic
the fundamentals is good, price may change based on the market sentiment and I believe we will see it value more than $24 in the future.

I think that the two most emotionally influencing badly the trades are patience and panic. Panic excites the investor and makes unreasonable moves. When the investor anticipates or thinks that he will lose the money he earns, he panics and tries to sell all of his investments cheaply. We shouldn't do that.

Patience is the most necessary thing for the investor. An impatient investor would miss all the opportunities. An impatient investor may often not successful.

Panic selling is not good for sure, so no doubt you have done really good choice,  not only this but every coin which has good result should be hold for long term and I am holding happily  emotions does not have any place for tr4ading because those who sells being emotional gets lose at the end, so keep your emotions away and try to trade safely without lose.

Sometimes i want to get more money and it happened that I made a day more deals than planned to make. And thus i lose money, because I did not bother to consider their actions and to stop in time. But now I've learned to control my emotions.

For example, I used all my savings to invest in a coin and I did not thoroughly analyze that coin.
When I have invested, I will often be very worried and think that it is not the same as the analysts say. it often worries me and of course I have sold holes quite a lot.
So experience is a planned investment. Please determine your own finances best, analyze the coins yourself for investment and absolutely do not invest in the majority.

shorting ETH when it was .04 before the last bitcoin pump... fml lol margin called and I will never trade like that again...

Yeah, sometimes fear and panic can save you from big losses, but if you're lucky. I think panic is still a bad thing and should be avoided, what if after you sell the price goes up? in my opinion the best is to use your calculations, it will be more rational and trustworthy

Greedy is normal emotion in crypto trading because in bull market alot of crypto going up to more than 10x , we can be greedy in bull market but still under control, i mean we have should be also have protection to lock the profit by use trailling stop. When target profit reached , we have to exit from the market and dont trade in the same coin again.

The sign of being emotional such as follows:

- We feel panic and Fear
- We become greed due to desiring of getting profit in a short
  period of time.
- We feel relax and calm when we do trade in the platform.
- We have self-discipline or self-control

These are the things I knew when we encountered those emotions.

We should remove our feelings and emotions before we trade in order for us to prevent panicking. There are a lot of traders that are losing in trading due to fear and panicking. We should always believe to our self and also we should have a lot of patience for us to survive in the market.

How do you deal with emotions when Binance exchange says it is unavailble?  I guess it will be back up soon but still. I want to get my money outta there.

Another idea; How do you deal with emtions when you get hacked and all your money is gone? Must be ways to prepare for the worst!!!

Both things happened to me in early days, it`s not pleasant at all! But I`m alive and well, learned a lot. After some time you understand it`s the only good way, to learn from it and move on. Emotional trading is not that, emotional trading is when you see prices going up and you rush to buy, that`s emotional, I often do that in the beginning. When I see dumping I rush to sell in panic to not lose a lot and to short, do you know in how many traps I fall cause of that?! Many times, but with practice and learning on mistakes you are progressing, now I`m making money even now, I took couple hundred dollars when bitcoin made a nice spike, no emotions, no regrets, just doing what has to be done.

So it is just another day in the office for you.

Trading requires a strong heart and mind and trading with emotion could be disastrous, this is what makes a lot of people miss their opportunities when it comes and they don’t see it. Emotional trading of course will bring in greed which is an example; its makes your trade looks like you are gambling, day traders often get caught up in this mess.

When I just started trading on my own I lost a little above 1000 usd week after I started trading with 850usd, the trading started well when I take my profit once it shows green light no matter how little it is and that is how I got to 1000 usd from 800 usd but after I allowed my emotion to set in, I felt I could leverage high so I can take big and fast profit without considering the risk and that is how I lost it.

So, first thing is to take greed out, you know we can’t control the market but can control our emotion and get the best out of it.

I have a friend who experienced the following situation:
He gained about 80% of his deposit per week by trading stocks during QE  reports. After closing his positions he decided to make another deal and paid attention to commodities and after consideration he decided to trade corn futures. He used almost all of his balance for this.
And corn went against him. He faced short margin.
He hates corn and financial adviser s since that time.

He was so happy by earning 80% of his deposit for a week only so he was almost blind not to follow the advice for buying another shit...

All of them are sighted to become an emotional trader, according to me it is so natural to lose your patience when you see price is falling massively and also it is natural to hold when price is increasing to wait for high profit, but if you want a peaceful trading don’t let your emotions take your profit away because emotions can destroy your internal strength to become a trader.

When you have an exchange kind of option and entered the exchange and in the middle of the exchange something happens that changes the course of the market development to be against you. On the off chance that you are a decent broker, at that point close exchanging that day to return to exchange one more day. In the event that you are a passionate merchant you will jump at the chance to vindicate the misfortune and enter exchange again which more often than not will bring more misfortune.

Emotions affects me, especially when I begin to over think and feel there is profit in a particular move,i begin to weigh my options even when there are none actually, it could really be confusing I must confess.
Emotions also move me into taking unnecessary risks that normally I shouldn't have if I was thinking correctly
I've learned to handle emotions and keep them constantly in check when trading

We are here to make some money right?  Well if I see the chart looks good, maybe I want a little bit more... ;D ;D ;D

Make you feel excited about the short pump, and make you more stress if you loss money. Trading with emotion is too risky, don’t try to do it because it can lose your money. As a trader, emotion should always be set aside and try to have more strategies than to have more negative emotion.

That Is really happen. When the coins increasing the traders waiting to increase more it is not bad unless you did not do research because maybe the coin you wait not increasing anymore. That's happened to me last few years ago I lost some of the possible profit that I got because of  " I want to earn more money". But if you are in longterm it is good to say that.

Fear is something that is natural, related to emotions that greatly influence trading decisions, so that without control it will increase the risk of loss because it makes decisions when prices are not conducive.
Unlike people who are able to control emotions, of course fear can be minimized by careful calculation to get a profit.

it is the habit and greedy nature of every trader, I want more bigger profit, thats what they say, and all he does is throw away
the opportunity. because prices will always change, don't rely on your emotions in making choices

I personally faced emotional trading buy the particular coin at the time of Fomo buying coin at the high price will definitely put us to hold for a long time

Panic selling is actually bad for trading because you will eventually loose us, though sometimes, it’s not see easy to control our emotion when trading, that is that why it takes determination and strong mind to trade.

I believe it will be best for an emotional trader to just be an investor rather than be a short trader, guessing in trading is very bad and the best way like you suggested is to use lots of technical analysis and personal calculation without also ruling out a mentor, everyone needs a mentor no matter how good you are.

Have you seen my mentor topic??? Many peeps here at the board are saying otherwise!

that said. what is your mentor like? how did you meet? whats it like???????????

For emotions to mess up your trades you will need at first to have some rules regarding how you are going to make your trades and many people do not even have that, so their first mistake is to not have a clear strategy about what they are going to do in the markets if they go against them, once you solve that aspect of your trading you can begin to worry about how your emotions can affect you and make you to not follow your own rules.

The " I want a little bit more" once pushed me to lose i got greedy to have a much huge profit. I've experience having no emotion response on the market and thought only of having a profit not knowing what could it bring to me if got my eagerness overrun. Emotional quotient is more vital than Intelligent quotient on this kind of industry.

When we promised ourselves to be contented with the small profits but then the greedy feeling is attacking my system and the other side of my brain said, " I want more". Lol. Then the market suddenly dropped and i felt frustrated and I extremely blame myself for my wrong decisions.

This is so natural, if we expect something from and then we get different thing so we can get hurt emotionally but for this we will have to prepare ourselves and it is not good to let your emotions eat up your profit, make one thing in your mind that anything can happen, the whole thing I will have to do is holding at red and trading at green, keep your emotion away.

There are so many people who invested when Bitcoin was growing high in 2017. They believed it will go up and up but it just crashed and shattered their dreams. Many of them had been through emotional trading and had to sell the coins at fear of further loss. Those who held on to the coins are still holding them and feel that the market will return one day not only compensating for their losses but would give them profit.

You'll be a bag holder, I'm sure there's a lot of trader who are still holding a huge number of coins because they got FOMOd during the bull run.
That is just normal, you fall for it and you pay for it now, anyway you won't loss if you continue to hold it, who knows they'll come alive when the bull starts.

you only intend to make money? if you really intend to look for money you also have to be good at managing emotions that you have so that you are not obsessed with your excessive desires.

That greediness will make the losses for you,you should ot get attracted byht egreen trend as a regular trader you need to stick with small profits with too many trades to be a successful trader.

Just avoid trading with your emotion or whatever which keep saying to wait,wait and make huge money.

Definitely we must put emotions away while trading,it is one of the crucial rules of trading

Sometimes you just feel "lucky", the profit is right and the market is green and the feeling of making money excites you and carries you away so at the moment you stop thinking rational and forget all important rules about the trading. This could cause to make some serious mistakes and judgements. Although we are not robots and not all emotions could be switched of it should be avoided to fall under influence of emotions of any kind, too much excitement or too much anger. They will both blur your mind.

It is a common advise by most successful and experienced traders not to trade with emotions.
Emotional trading brings about losses in trades, which you will then want to recover by increasing your lot sizes, which in most cases brings about more loss.

When you sold your token out of your target because the market is panicking. Your emotion in trading should not affecting yourself as a trader because its too risky to trade with this. Newbies are more like this but it can be controlled of course especially if you do believe on the process.

The direct impact of trading using emotions is loss, which is caused by sales because of emotional decisions when prices fall. Fear of losing finally sells coins that are owned by losses.
While those who use logic and put aside emotions can benefit because it turns out the decline is not too long. Such examples are often experienced by traders involved in the crypto market.

Some examples maybe when you want to earn as much as you could but your faith in it wavers as the price go low slowly but after you withdrawn from it the odds seems fine and it started to go to the moon in the end leaves you speechless and full of regret. Another one is when you are too greedy in spending on many coins and you don't know how to handle them leaving you confused and ended up in despair.

There are a lot of them. My own experience is when I should've sold my shitcoins when it was gaining more than 30% in one day but I waited for it to spike more but then it dropped. And then another one is when I think that altcoins that are priced 1 satoshi is easy to make money but I always get stuck in the hype and I bought it in 2-4 sats but I never did check its total supply.

Well, you can’t blame yourself for this, most people too are victims of this circumstances including me, we tend not to sell our coins when need be, waiting for a spike which is also not a bad idea, it depends on the angle at which you take the market but from your own angle.

It seems you took it from trading angle and that is why you could even invest in shitcoins which you ought to have  removed before it even got to 30%, if it was a good coin that has the tendency of spiking high to 1500%, I don’t think missing that opportunity should make one regret because it must surely come again and surpass that.

During the pre-bull run in 2017, i had some quantity of Ethereum which i kept for over the prevision years; hope to trade when the market appreciate. In 2017 when i saw the market positive movement; haven seen the movement before on a swinging pendulum, i placed my trade at the price of $812 in Dec. 20-2017 and after some few months away the price hit $1,377, this was my emotional mess.

Lol, I sold mine when the price goes to $400 and then keep some, months later I dumped another set in December 2017 around $800 I think. If I just hold on it for a month (2018) I could have sold them in it's all time high. Anyways, now I just accumulated at lowers lows and hope one day that the price could go on another 4 digits or more. Really hard though, if we involved our emotions here.

Well we really can't determine where the peak of a bull run would be so i think you guys shouldn't be too hard on yourselves. Think about it, some people have been too greedy to make an exit that instead of making big profits, then end up at a loss. You're actually lucky you got to exit just around 500 usd shy of all time high. That's already a good deal.

These examples are the right for the most unlcuky people who were desperate to make some quick money.When we don't have enough patience and taking the decision from no mind condition then we will be much loser and have some personal experience on these. :)

I thought I was alone in this, I think mine is even worse than all, though the difference in mine is that I got these coins free through bounty, just that it can be so painful seeing $16000 fly away just like magic and you will be wondering what just happened, during the time bitcoin price was consolidating itself.

I had most of my coins shoot up from total value of $3000, $6500 the first week, my emotion did allow me take my profit, with the news that were all round then that bitcoin will hit $150k, from $6500, I witnessed it jump to $10000, from that to $13k and from $13k to $16k, I started targeting $100k before I withdraw them.

Little did I know that the market was going to correct itself, it gradually started going down and my stubborn emotion still didn’t give way to panic sell till I lost the value to $700 now.

Hit buy. Doesn't fill.
Hit buy until it does - F*** you for not filling.

price comes back down triggers stops, angrily try to short the market - Well if you want to go down. Fine, F*** you I'll short.
Price goes back up, triggers stops. (and me further)
Desperate after losing two trades in a very short space of time, add leverage and go all in without properly planning a trade.
---


when you find yourself doing something similar. Stop. Make a tea. Have a breather. Try some progressive muscle relaxation techniques or whatever works to get you calm.
Only then return.

I felt furious when crypto was on the verge of decline and I invested in the coins that I invested, in the situla I felt emotional

Mostly enotion can cause for the trader to become loss their money. Like for example the price of the coins decrease they start panic selling. Emotion cannot help to you because there is a lot of trader are not successful or become failed because they are base on their emotions.  People who are successful to the trader are not base on their emotion but not all the time emotion are bad.

Everyone should have guts to invest their money at decline because if price falls and we buy it gives us more income than we invest at high price, being emotional gives nothing but only stress and tension, in trading one have to keep emotions away so that your internal feelings will  not get disturb if you face dim in price.

I already posted this experience of mine on another thread but just want to share with you when ANTS renamed to NEO, the price started to climb and I was able to buy ANTS at a good price at the time. NEO went up to I guess it was $80 and I still I didnt sell, I continue to hold on to it until the news about China ban on crytocurrencies started to circulate and everything turned red across the board.

Here are many examples.
The main problem arises when the emotions overwhelm common sense. A trader becomes addicted to feelings, fears, greed, or other emotions, depending on the situations in which he falls. This provokes him to act recklessly, which in particular leads to a bad result.
Another negative factor is the impact on the health of the trader. If a person is under the influence of emotions 24 hours a day (and with emotional trading, emotions will be with you all the time!), then this causes a huge stress. I remember the days when I could not sleep at night, I woke up several times a night to check all the prices. In fact, in those days I practically didn't sleep. It is very negative on health, both physical and psychological.

My first transaction was ETH / USDT. The volume is very big in Binance and its price always fluctuates very fast, everything happens very hastily and the buying and selling tables stunned me.
bot and traders have been buying and selling continuously. I was planning to buy at $ 212.12 but in the face of real deal, its price was quite strong and I was always hesitant to buy ETH. I worry that its price will be lower than its price set and 30 minutes later, its price has increased to $ 220 and I lost the opportunity to buy because of greed.

Believe or not, I start trading after I knew cryptocurrency.
I knew about stock trading but never interest until I made some profit from crypto especially on bitcoin.

It's was amazing !
I keep learning about TA and FA so I can go advance

Most of the traders experienced emotional trading when they are are still a beginner. Greed, fear and overconfident are the leading emotions that are often experienced by many traders. Emotions, if not controlled, will lead to some losses and stress so it is better to be managed during the trading. I also experienced emotional trading but I managed to control it after I studied some useful trading indicators and other technical analysis that can effectively reduce your losses.

I have been trading stocks, commodities, securities and forex in the past and when I notice that crypto currency is more profitable to trade than those assets I have to flipped to cryptocurrency. It is far more profitable to trade cryptocurrency and many people are making money from Internet for the first time because of cryptocurrency and that is many people has interest in it more than forex and stocks market now. Emotional trading has rubbed many traders the trade that  could have made them money but due to panic and fear and close that trade.

good for you because you have already an experience on trading using different assets before you discovered crypto trading while most of us didnt knew those stuffs . we only learn trading because of cryptos however crypto trading is more risky because its way too volatile but those assets that you listed above are less risky because they are stable  though the income that you can get will also be lesser than what you will potentially  earn on cryptos  .

When we have difficulty in controlling our emotions, especially when our assets experience a decline in value, leaving our investment for a while may help us not to be in panic. Fear of losing more money is usually because we are not ready to face the bad reality that can occur in crypto trading. Through experiences, we may get the steady mentality to face such conditions!

Usually the emotions of trading were at the highest peak are when the trader managed to gain profit  for the first time and if the trader facing a trading position with a floating value minus then the trader tend to panic then resulting in losses. Greed, overconfident and fear are emotions that we have to get rid of it. By using some tools or bot we can minimize emotional intervention.

Here is an experience that always repeats with my trades. I normally set a buy order so low to make sure that when a coin plunges deep, I can buy at the cheapest price. The ending most of the time is that my bid price will remain there at the bottom and will never be filled. The lines on the chart reverse already and I was left not able to buy anything.

A friend of mine bought gup, I don't know which coin is that to be honest with you but the short code of it is "gup", he realized that would be going up soon because the team was good and they were actually working on the product and he said "many ICO's are done where owners just take the money and leave" so he wanted to get involved with a coin that actually worked on. That is the background of the story, now he had that coin in one exchange, don't remember which one so lets call it xchange and it was listed on another one and lets call it ychange.

The price of gup changed 400% in ychange but all his gup was in xchange so he got really hyped and excited and super pumped about it and sent all his gup to ychange instead, he even bought as much gup as he can from cheap xchange and then sent it to ychange. As you might imagine the money didn't transferred that quickly and dude was basically in debt by the time he received the money and the pump was dumped.

Emotions always came for a traders if the market especially was in stage of decreasing value. Then, worrying when the price goes down quickly also if you want to have a quick profit it is part of it too. If We are always in a hurry to get rich in trading this will give us upset in the end and regret also.

   Holders face with same problems! Emotions can overwhelm us, and we will make a wrong move what ever we are doing. The price dropping is usually
the trigger for most of the people, it`s the moments when most of us make mistake.
   What helps is setting up a goal and not selling before you reach that goal, whatever happens. Be ready to wait and sink with it if you have too, but don`t
quit your goals.

first of all you never need to hurry and draw hasty conclusions.  I have repeatedly deceived myself and sold coins at low prices, because I considered this opportunity to be the final offer.

How would you grade your crypto trading experience in 2018. Would you also say it was profitable or worth it? I bet everyone had a nasty experience during that year. Again, most people just buy and hodl Bitcoin and then resell when price goes up but not to the day to day trading. They hodl Bitcoin because it's the surest profitable coin to buy, no matter what happens. Even if Trump FUDS, it will definitely pick up back.

Fear and Greediness! The main reason why I initially buy and sell cryptocurrency. I thought I could be millionaire in only a day. But when I had my mistakes, I've learned that trading needs time and strategies. That is why, I gradually learn to manage this emotions. However, it is not all time that I control my emotion. So, there are still trades that fear and greed covers me.

emotional trading I am not in your hand because when you are trading you will go with some intention that is the emotional today but in normal trading you have don't worry about the results of an emotional trading you will definitely worry about the results