cryptodoll (OP)
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Show me your #masternodes
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September 30, 2017, 01:09:43 PM |
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Hello guys! I have been trading altcoin as a hobby for a couple of years now. Recently, I have decided to go "pro" and invest lots more time and money into altcoin trading. I have noticed throughout the years the "fear vs greed" within the cryptocurrency market. You can see this emotional trading pattern in regular stocks as well, but regular stocks are also backed by hard goods, whereas the crypto market is backed by promises, websites, ideas, and developers (or wannabe devs). Therefore the crypto market is HIGHLY leveraged by emotions.
I am a female (look ma, a real girl!), and being a woman, my emotions tend to run higher than a man, which is why the stock market and cryptocurrency market is inherently dominated by men. This is a double edged sword, as i have been working diligently on keeping my emotions low and financial intellegence high while trading. Trading can be very emotional when you lose your ass, or you watch a coin that you were going to invest in skyrocket to 70% overnight (just happened to me, ugh!) So kicking oneself in the pants is a hard habit to break.
However, I am starting to recognize these emotional patterns in trading, noting the "fear vs greed" pattern emerging in the markets. I try to pinpoint overbought and oversold trends and follow the patterns that are really just intangible emotions of traders on the market.
I am noticing, over time, as I trade more and higher volume, my emotions are coming to bay.
Are you an emotional trader? Are you a financially intellegent trader? Any advice on how to keep emotions at bay while trading? Or even how to leverage them?
CryptoDoll
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Bummers
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September 30, 2017, 01:50:38 PM |
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Great post! As someone new to this crypto stuff I threw myself in at the deep end with quite a hefty first time investment. The FOMO is strong in this world! I'm learning as I go and need to learn from more experienced traders.
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Str1x
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Buy me a beer 13mVkBy6HVwKuNovaWzYdF27FB6pLqoJtr
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September 30, 2017, 01:55:08 PM |
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Hello guys! I have been trading altcoin as a hobby for a couple of years now. Recently, I have decided to go "pro" and invest lots more time and money into altcoin trading. I have noticed throughout the years the "fear vs greed" within the cryptocurrency market. You can see this emotional trading pattern in regular stocks as well, but regular stocks are also backed by hard goods, whereas the crypto market is backed by promises, websites, ideas, and developers (or wannabe devs). Therefore the crypto market is HIGHLY leveraged by emotions.
I am a female (look ma, a real girl!), and being a woman, my emotions tend to run higher than a man, which is why the stock market and cryptocurrency market is inherently dominated by men. This is a double edged sword, as i have been working diligently on keeping my emotions low and financial intellegence high while trading. Trading can be very emotional when you lose your ass, or you watch a coin that you were going to invest in skyrocket to 70% overnight (just happened to me, ugh!) So kicking oneself in the pants is a hard habit to break.
However, I am starting to recognize these emotional patterns in trading, noting the "fear vs greed" pattern emerging in the markets. I try to pinpoint overbought and oversold trends and follow the patterns that are really just intangible emotions of traders on the market.
I am noticing, over time, as I trade more and higher volume, my emotions are coming to bay.
Are you an emotional trader? Are you a financially intellegent trader? Any advice on how to keep emotions at bay while trading? Or even how to leverage them?
CryptoDoll
The only way to not be emotional is to stop watching the price every minute/hour or so. Due to high fluctuations the weak hearted will sell to avoid losses, however if you investigate the coin and make a prediction, think about a stop loss price. Make an alert in for example blockfolio app for the stop loss and don't watch it . If you bought a coin immediately set a sale price for the gain you wish it to be
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cryptodoll (OP)
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Activity: 108
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Show me your #masternodes
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September 30, 2017, 02:06:19 PM |
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Hello guys! I have been trading altcoin as a hobby for a couple of years now. Recently, I have decided to go "pro" and invest lots more time and money into altcoin trading. I have noticed throughout the years the "fear vs greed" within the cryptocurrency market. You can see this emotional trading pattern in regular stocks as well, but regular stocks are also backed by hard goods, whereas the crypto market is backed by promises, websites, ideas, and developers (or wannabe devs). Therefore the crypto market is HIGHLY leveraged by emotions.
I am a female (look ma, a real girl!), and being a woman, my emotions tend to run higher than a man, which is why the stock market and cryptocurrency market is inherently dominated by men. This is a double edged sword, as i have been working diligently on keeping my emotions low and financial intellegence high while trading. Trading can be very emotional when you lose your ass, or you watch a coin that you were going to invest in skyrocket to 70% overnight (just happened to me, ugh!) So kicking oneself in the pants is a hard habit to break.
However, I am starting to recognize these emotional patterns in trading, noting the "fear vs greed" pattern emerging in the markets. I try to pinpoint overbought and oversold trends and follow the patterns that are really just intangible emotions of traders on the market.
I am noticing, over time, as I trade more and higher volume, my emotions are coming to bay.
Are you an emotional trader? Are you a financially intellegent trader? Any advice on how to keep emotions at bay while trading? Or even how to leverage them?
CryptoDoll
The only way to not be emotional is to stop watching the price every minute/hour or so. Due to high fluctuations the weak hearted will sell to avoid losses, however if you investigate the coin and make a prediction, think about a stop loss price. Make an alert in for example blockfolio app for the stop loss and don't watch it . If you bought a coin immediately set a sale price for the gain you wish it to be Yes, this has been a big struggle for me! I have "refresh button OCD" and tend to cringe and celebrate at every little fuctuation, but I am getting better at managing my reactions. I just recently upgraded my Tradingview account to send me notifications when my picks hit a certain price point so I don't have to be glued to the screen. I also like the idea of a stop loss price as well. I will check out blockfolio. One must have brass balls to play in altcoin trading! Good advice, ty
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sindikat
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September 30, 2017, 02:17:59 PM |
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Emotions are coming at us from within and control them by mechanical means impossible. Many professional poker players learn to control his emotions. The main thing that you understand your problem and want to overcome it. Do not forget that the emotionality of women can be their advantage over men. Maybe that emotion is the reason good intuition in women and helps to avoid mistakes on a subconscious level.
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cryptodoll (OP)
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Activity: 108
Merit: 10
Show me your #masternodes
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September 30, 2017, 02:26:47 PM |
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Emotions are coming at us from within and control them by mechanical means impossible. Many professional poker players learn to control his emotions. The main thing that you understand your problem and want to overcome it. Do not forget that the emotionality of women can be their advantage over men. Maybe that emotion is the reason good intuition in women and helps to avoid mistakes on a subconscious level.
Yes, that is a good point. Using intuition can be very advantageous, and the more it is used, the better it gets. I use my intuition quite often in everyday life, but never thought about applying it to altcoin trading. It is about emotional mastery, as opposed to oppression of emotions. Poker players is a very good example of that. I have been improving my emotional response to trading as I trade higher volumes over many trades with time. It helps take the edge off!
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kafeelniazi
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Organic PR on Tier 1 media
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September 30, 2017, 04:05:38 PM |
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this fear and greed is the main hurdles between success of trading, if we fear alot we are not able to earn more, if we greed then it will be more chances to loss more. the only way for success in trading is to keep them both balanced, and it will only possible if you trade with the amount you are comfortable to loss, do not hesitate to invest because risk is directly proportional to the profit.
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"Unlock Your Project's True Potential with Leading Media Exposure: Get Featured on Forbes, Coin Telegraph, USA WEEKLY & more – Gain Global Recognition and Skyrocket Your Success!"
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Board-Room
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September 30, 2017, 04:14:11 PM |
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Nice post!
Yeah, a trading strategy I've often heard is enter the market when people are spreading FUD and exit when the sentiment is 'moon'.
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max6575
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Vave.com
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September 30, 2017, 04:32:25 PM |
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sometimes that trader to work with the less on technical to follows the release from the media,as following the returns of evaluation appealing use of moderation of message from the institutionals. and prepare to gains with the terms to collects less of risks as possessing alert signals of the different use of customs with the modest analyticals.
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Tantlizbat
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September 30, 2017, 07:13:40 PM |
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Hello guys! I have been trading altcoin as a hobby for a couple of years now. Recently, I have decided to go "pro" and invest lots more time and money into altcoin trading. I have noticed throughout the years the "fear vs greed" within the cryptocurrency market. You can see this emotional trading pattern in regular stocks as well, but regular stocks are also backed by hard goods, whereas the crypto market is backed by promises, websites, ideas, and developers (or wannabe devs). Therefore the crypto market is HIGHLY leveraged by emotions.
I am a female (look ma, a real girl!), and being a woman, my emotions tend to run higher than a man, which is why the stock market and cryptocurrency market is inherently dominated by men. This is a double edged sword, as i have been working diligently on keeping my emotions low and financial intellegence high while trading. Trading can be very emotional when you lose your ass, or you watch a coin that you were going to invest in skyrocket to 70% overnight (just happened to me, ugh!) So kicking oneself in the pants is a hard habit to break.
However, I am starting to recognize these emotional patterns in trading, noting the "fear vs greed" pattern emerging in the markets. I try to pinpoint overbought and oversold trends and follow the patterns that are really just intangible emotions of traders on the market.
I am noticing, over time, as I trade more and higher volume, my emotions are coming to bay.
Are you an emotional trader? Are you a financially intellegent trader? Any advice on how to keep emotions at bay while trading? Or even how to leverage them?
CryptoDoll
The only way to not be emotional is to stop watching the price every minute/hour or so. Due to high fluctuations the weak hearted will sell to avoid losses, however if you investigate the coin and make a prediction, think about a stop loss price. Make an alert in for example blockfolio app for the stop loss and don't watch it . If you bought a coin immediately set a sale price for the gain you wish it to be That is not a way to avoid fear, fear is the part of human thoughts it depend on us to make ourselves get away from this. Fluctuating graph is not the reason of fear, it gives many information to us if we deeply study it, stop watching prices result in missing the right time for selling and buying.
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Str1x
Member
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Activity: 140
Merit: 33
Buy me a beer 13mVkBy6HVwKuNovaWzYdF27FB6pLqoJtr
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September 30, 2017, 07:32:34 PM |
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Hello guys! I have been trading altcoin as a hobby for a couple of years now. Recently, I have decided to go "pro" and invest lots more time and money into altcoin trading. I have noticed throughout the years the "fear vs greed" within the cryptocurrency market. You can see this emotional trading pattern in regular stocks as well, but regular stocks are also backed by hard goods, whereas the crypto market is backed by promises, websites, ideas, and developers (or wannabe devs). Therefore the crypto market is HIGHLY leveraged by emotions.
I am a female (look ma, a real girl!), and being a woman, my emotions tend to run higher than a man, which is why the stock market and cryptocurrency market is inherently dominated by men. This is a double edged sword, as i have been working diligently on keeping my emotions low and financial intellegence high while trading. Trading can be very emotional when you lose your ass, or you watch a coin that you were going to invest in skyrocket to 70% overnight (just happened to me, ugh!) So kicking oneself in the pants is a hard habit to break.
However, I am starting to recognize these emotional patterns in trading, noting the "fear vs greed" pattern emerging in the markets. I try to pinpoint overbought and oversold trends and follow the patterns that are really just intangible emotions of traders on the market.
I am noticing, over time, as I trade more and higher volume, my emotions are coming to bay.
Are you an emotional trader? Are you a financially intellegent trader? Any advice on how to keep emotions at bay while trading? Or even how to leverage them?
CryptoDoll
The only way to not be emotional is to stop watching the price every minute/hour or so. Due to high fluctuations the weak hearted will sell to avoid losses, however if you investigate the coin and make a prediction, think about a stop loss price. Make an alert in for example blockfolio app for the stop loss and don't watch it . If you bought a coin immediately set a sale price for the gain you wish it to be That is not a way to avoid fear, fear is the part of human thoughts it depend on us to make ourselves get away from this. Fluctuating graph is not the reason of fear, it gives many information to us if we deeply study it, stop watching prices result in missing the right time for selling and buying. Watching price however increases bad decission making, due to fear of losing more than you want. It's a psychology game, the trick is to stay focussed and play with margins instead of watching your fiat value decrease
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Michael-crypto
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September 30, 2017, 08:58:48 PM |
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A method could be to choose wisely the altcoins to invest in, after having studied their technology, and then to be patient.
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susila_bai
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September 30, 2017, 09:08:32 PM |
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Hello guys! I have been trading altcoin as a hobby for a couple of years now. Recently, I have decided to go "pro" and invest lots more time and money into altcoin trading. I have noticed throughout the years the "fear vs greed" within the cryptocurrency market. You can see this emotional trading pattern in regular stocks as well, but regular stocks are also backed by hard goods, whereas the crypto market is backed by promises, websites, ideas, and developers (or wannabe devs). Therefore the crypto market is HIGHLY leveraged by emotions.
I am a female (look ma, a real girl!), and being a woman, my emotions tend to run higher than a man, which is why the stock market and cryptocurrency market is inherently dominated by men. This is a double edged sword, as i have been working diligently on keeping my emotions low and financial intellegence high while trading. Trading can be very emotional when you lose your ass, or you watch a coin that you were going to invest in skyrocket to 70% overnight (just happened to me, ugh!) So kicking oneself in the pants is a hard habit to break.
However, I am starting to recognize these emotional patterns in trading, noting the "fear vs greed" pattern emerging in the markets. I try to pinpoint overbought and oversold trends and follow the patterns that are really just intangible emotions of traders on the market.
I am noticing, over time, as I trade more and higher volume, my emotions are coming to bay.
Are you an emotional trader? Are you a financially intellegent trader? Any advice on how to keep emotions at bay while trading? Or even how to leverage them?
CryptoDoll
The only way to not be emotional is to stop watching the price every minute/hour or so. Due to high fluctuations the weak hearted will sell to avoid losses, however if you investigate the coin and make a prediction, think about a stop loss price. Make an alert in for example blockfolio app for the stop loss and don't watch it . If you bought a coin immediately set a sale price for the gain you wish it to be That is not a way to avoid fear, fear is the part of human thoughts it depend on us to make ourselves get away from this. Fluctuating graph is not the reason of fear, it gives many information to us if we deeply study it, stop watching prices result in missing the right time for selling and buying. Both the above post point is correct on some point, i totally agree that if you watch the price movement then surely you will make mistake and sell it on loss, so it is good to keep the selling price as soon as you are buying or any time when you are wishing to sell. Dont see the high price went for the coin as no one can take profit of high price and low price. Only be satisfied with what ever profit you are getting.
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