6 Ways to Keep Emotions Under Control When Trading Cryptocurrencies

[jennacall]

1. Make a plan
2. Do Your Research
3. Choose the Right Trading Exchange
4. Know your limits
5. Take advantage of limit orders
6. Don’t obsess over market charts

Base on my knowledge.

[Bonheur]

Don't go over your head. Don't think ypu can win big in a short time and bribg all your belongings.Play with only an amount you are ok with to lose.

[Sanford]

1. Make a plan
2. Do Your Research
3. Choose the Right Trading Exchange
4. Know your limits
5. Take advantage of limit orders
6. Don’t obsess over market charts

Base on my knowledge.

This is advice on how to trade. But there is no advice on how to keep emotions under control. Plan .... In life, everything is not gone. Strategy is needed. However, if you cannot take part in solving the problem you will always be in a niche league.

To be focused on work and suppress emotions need regular physical exertion. If they are not. Whatever plan you come.

[nianastasia62]

At such moments in the market you just need to buy coins that you consider promising ! I for example do not get hung up and do not set goals at the moment except the distribution of the Deposit among the coins !

[Pamahaw]

Have fun, that is the important thing. Though very hard to do in this bearish market but we have to accept the reality that this is part of the cycle. Don't be a hard loser as it could only stressed you.

This is why people always says that invest only the money you can afford to lose since you can lose them anytime so be prepare for the worst.

[heartthew]

Very good advice but for beginners they definitely will not work because only after losing the first $ 1,000 on the market will they start looking to your rules and use some of this but initially these rules are created for more experienced traders  

[cryp24x]

1. Make a plan
2. Do Your Research
3. Choose the Right Trading Exchange
4. Know your limits
5. Take advantage of limit orders
6. Don’t obsess over market charts

Base on my knowledge.

I may say that these are basic things we must remember before we do trading. But I am expecting more on emotional management based on what I have read on the title. Kindly elaborate your points on how these things will keep our emotions under control when trading cryptocurrencies.

I just want to add, trading cryptocurrencies is all about "less expectation but hoping for the best".

[eternalgloom]

Pffft, just the same advice that's been repeated over a hundred times before.
Really, this isn't even remotely useful to someone, you've just spent 1 or 2 minutes compiling that list.

Welcome to my ignore list, if you're going to make these kinds of posts, I really don't want to see any of them again. 

[bellamente]

What if all your 6 tips lead to losing money in trading?

I think trading depends heavily on luck. Much depends on mood and belief in success.

[Pamahaw]

I think trading depends heavily on luck. Much depends on mood and belief in success.

You are right, there is no standard rules in trading. Luck plays a vital role here but it is good that we have a rules on how and what to do when we encounter scenarios that needs our own decision though.

[shark69]

I don't see any connection with emotions, what you write is just the basis for trading. Emotions and mentality of a trader will be formed according to themselves, the more often they trade, the more often they will encounter different emotional conditions. They will be able to deduce themselves. The most important thing is to be prepared to lose.

[SolomonSollarsNSense]

I totally agree with you on this and if one can follow these step I can guarantee that he can never lose in this market most of the people who lose in this trading field they do not follow these steps and try to get more profits in greed and that give them a loss. Same has happened with me many times but now I am trying to follow these steps.

[Andruha1993]

Yes, indeed, we must comply with and fulfill these criteria. But for me it is very difficult, I still always show my emotions and constantly lose money. I still need to study trading for a long time.