Trading, emotions and your fine selves

[gentlemand]

Who here feels they have a handle on their emotions when it comes to trading or holding?

I think it's an area that many people like to feel that they've mastered, but if they saw playbacks of their actions a while down the line it would be screamingly obvious that they haven't.

To give a personal example I have a few XEMs. A few months back I was looking to consolidate all the crypto threads I had lying around so looked into selling a sizeable chunk as they'd been pretty stagnant for a while.  

Being a bit dim and easily distracted I forgot about it and so stuck around for a 20-25x rise. Had my concentration held I probably would've gotten rid of them and would now be wailing and puking. In that particular case boredom and impatience nearly got the better of me.

There are countless examples on this forum of people declaring things dead or emphatically stating that such and such price will never happen again and giving up. Same goes for people going all in at the peakiest of peaks.

Have you yourself found your emotions tripping you up or are you an emotionless trading terminator?

[Dudeperfect]

I was trading with emotions at the beginning but now I am able to control my emotions up to some extant (especially when I see a constant purchase orders by bots on every second). I try to stick to the investment rules of the great investor warren buffet, he says “Be fearful when others are greedy and greedy when others are featful”. I have no shame to tell that I still place some orders without deep research but I know that’s wrong and I would improve it soon.

[Herbert2020]

we are all human and even the most veteran traders still have some emotions left in them that may affect their decisions

and as for me, i am no expert and i have been making lots of mistakes because of making wrong decisions in wrong times because of emotions like not holding because of the negative things i have been hearing or seeing on the charts and then regret selling.

although this mostly happens when i am trading altcoins. for bitcoin i am strong as a rock. i hodl.

[shinratensei_]

we are all human and even the most veteran traders still have some emotions left in them that may affect their decisions

Emotions just a natural things is are can't be separated, and although someone is already can controlling their emotions, but there is a moment is he are can't controlling their emotion.
emotions are always giving a high contribution for the people is trapped by worst decision, I have some coin but in this time the price is still in 500 satoshi and after a month is passed the price is increasing for more than 20x and caused by my emotions is actually always hold my coin and not sell them at the moment, and after the moment is gone... I realize I taking a worst decision caused by my emotions.

[poptok1]

I was doing some trading a while back but...
Never had the nerve for it...
Always checking what's going on with the price ticker, monitoring the sell tables etc.
Bought some coin and than constant wondering is it up or down, sell or hold a bit longer.
I was making some tiny profit but than I realised this, to much of a gamble man, stress is eating you, this isn't fun, so I have stopped. Feel much better now, free of those emotions, obviously this is not for everybody.
Now I'm just a bag holder and I like it.
   

[nydiacaskey01]

I'm not good in trading. Panic is my worse enemy whenever I see a downward movement of Bitcoin I cant help myself to sell instead of waiting for the downward trend to end and wait for it to recover.

When theres a trend of price going up every weekend and its consistent for 3 weeks I never buy because of fear that it will not go up on a week end, I was not able to take advantage of those.

[serjent05]

I can say im just a normal trader that set aside his emotion when trading.  But of course i am still human so i can still fell that excitement when im getting 2x 3x profit and somhow frustration when i see my holdings gone worthless but i never let it consume me.  So even with all this emotion, I still follow my own goal and set price, and sell or buy whenever the price hit it.

[Viyamore]

I'm not good in trading. Panic is my worse enemy whenever I see a downward movement of Bitcoin I cant help myself to sell instead of waiting for the downward trend to end and wait for it to recover.

When theres a trend of price going up every weekend and its consistent for 3 weeks I never buy because of fear that it will not go up on a week end, I was not able to take advantage of those.

I feel and done that ways as i overcome my dear and to my past trade i've learned from it.
Emotions will done on your part you can't handle well or control in the sense of your decision making .
I am also afraid nowadays when any coin pumps ,i don't wanna buy on ongoing pump ,because i experience same scenarios which when the time i bought 2-3 sats up then its end dump stage .
But on selling i use to handle it well i keep on waiting have patient keeping on mind that it would be much profitable if i hold especially long term altcoins.
I don't panic i keep calm cause when panic attacks your emotions will be more in control so you will buy or gonna sell in the wrong timing.

[AdolfinWolf]

Who here feels they have a handle on their emotions when it comes to trading or holding?

I think it's an area that many people like to feel that they've mastered, but if they saw playbacks of their actions a while down the line it would be screamingly obvious that they haven't.

To give a personal example I have a few XEMs. A few months back I was looking to consolidate all the crypto threads I had lying around so looked into selling a sizeable chunk as they'd been pretty stagnant for a while.  

Being a bit dim and easily distracted I forgot about it and so stuck around for a 20-25x rise. Had my concentration held I probably would've gotten rid of them and would now be wailing and puking. In that particular case boredom and impatience nearly got the better of me.

There are countless examples on this forum of people declaring things dead or emphatically stating that such and such price will never happen again and giving up. Same goes for people going all in at the peakiest of peaks.

Have you yourself found your emotions tripping you up or are you an emotionless trading terminator?

Well yeah ofcourse, it is really hard to control your emotions when shit gets lit. Its the game, If you can control your emotions, im pretty sure you'll have a good time trading successfully. Panic is what makes the markets, or crash them.

[tee-rex]

Who here feels they have a handle on their emotions when it comes to trading or holding?

I think it's an area that many people like to feel that they've mastered, but if they saw playbacks of their actions a while down the line it would be screamingly obvious that they haven't.

To give a personal example I have a few XEMs. A few months back I was looking to consolidate all the crypto threads I had lying around so looked into selling a sizeable chunk as they'd been pretty stagnant for a while.   

Being a bit dim and easily distracted I forgot about it and so stuck around for a 20-25x rise. Had my concentration held I probably would've gotten rid of them and would now be wailing and puking. In that particular case boredom and impatience nearly got the better of me.

There are countless examples on this forum of people declaring things dead or emphatically stating that such and such price will never happen again and giving up. Same goes for people going all in at the peakiest of peaks.

Have you yourself found your emotions tripping you up or are you an emotionless trading terminator?

In my view, it depends not so much on your emotional make-up but on the amount traded, in relative terms. If the amount is small in respect to your revenue flow, you will be cold-blooded and as emotionless as you could only imagine yourself to be. On the other hand, if the very thought of losing what you trade with makes you sweat, then you obviously got trapped.

[rphk]

yes definite  there is emotions involved  when we get profit too happy and on loss unhappy , so best is to profit or loss , need not panic , loss is an lesson to get more profit , we will understand how to trade further

[xuan87]

I think even the most professional traders also use emotion when do trading, the most important in trading is we must know how to control it, dont do panic buy or panic sell, think with a clear head will going to make you gain profit

[arseaboy]

yes definite  there is emotions involved  when we get profit too happy and on loss unhappy , so best is to profit or loss , need not panic , loss is an lesson to get more profit , we will understand how to trade further

Yes i understand this might be needed to practice more patience before starting to enter the trade. Emotions should be  take place and do not let it to conquer you.

[gentlemand]

I think even the most professional traders also use emotion when do trading

They bet on the emotions of others to make profit as they know the vast majority don't have a grip on them. If they themselves don't then they'll be someone else's lunch.

[gandame]

yes definite  there is emotions involved  when we get profit too happy and on loss unhappy , so best is to profit or loss , need not panic , loss is an lesson to get more profit , we will understand how to trade further

Yes i understand this might be needed to practice more patience before starting to enter the trade. Emotions should be  take place and do not let it to conquer you.

Most traders because of the emotions they exercised especially when they bought the coins dropped only slightly panic selling because they do not want to lose their investment .
Trading should really have to be patient and let the emotions prevail and wait for rise in prices for purchased coins you earn and have huge profits . So the others are losing trading due to lack of patient and emotions are applied

[traderbit]

To give a personal example I have a few XEMs. A few months back I was looking to consolidate all the crypto threads I had lying around so looked into selling a sizeable chunk as they'd been pretty stagnant for a while.   

Being a bit dim and easily distracted I forgot about it and so stuck around for a 20-25x rise. Had my concentration held I probably would've gotten rid of them and would now be wailing and puking. In that particular case boredom and impatience nearly got the better of me.

There are countless examples on this forum of people declaring things dead or emphatically stating that such and such price will never happen again and giving up. Same goes for people going all in at the peakiest of peaks.

Have you yourself found your emotions tripping you up or are you an emotionless trading terminator?

To be honest sometimes I get tired waiting for a coin to rise if I'm going to sell or to decline when I'm going to buy, and just put an order which can be fatal after short period of time. I think most of use at least one in our life have traded based on the emotions and the fine to ourselves was the loss but it is a good lesson ever time (if you forget that you loss).

[pooya87]

in my opinion the worst thing in trading is to listen to other people hyping something up. it is also indirectly related to emotions in trading.

there are many people in the trading world that will always get carried away with what they read especially on this forum. for example if there is hype going on about an altcoin they will run to buy that altcoin.

[davis196]

Who here feels they have a handle on their emotions when it comes to trading or holding?

I think it's an area that many people like to feel that they've mastered, but if they saw playbacks of their actions a while down the line it would be screamingly obvious that they haven't.

To give a personal example I have a few XEMs. A few months back I was looking to consolidate all the crypto threads I had lying around so looked into selling a sizeable chunk as they'd been pretty stagnant for a while.  

Being a bit dim and easily distracted I forgot about it and so stuck around for a 20-25x rise. Had my concentration held I probably would've gotten rid of them and would now be wailing and puking. In that particular case boredom and impatience nearly got the better of me.

There are countless examples on this forum of people declaring things dead or emphatically stating that such and such price will never happen again and giving up. Same goes for people going all in at the peakiest of peaks.

Have you yourself found your emotions tripping you up or are you an emotionless trading terminator?

I get easily frustrated and i can`t concentrate so trading isn`t for me ,i guess.

You have to control your emotions in order to be successfull.

It`s not required to be an emotionless terminator.

[BitcoinHodler]

...

Have you yourself found your emotions tripping you up or are you an emotionless trading terminator?

I wish I was!
I too am affected by my emotions more than I care to admit. But i am glad that the worst of it is over for me. Because I used to be affected by my emotions a lot back when I was a newbie in trading.

This is something that can only be solved over time and with adding lots of thinking to the equation. Whenever you want to make a trade you should think about it and then press that button even if the thinking takes a couple of seconds it can prevent a lot of bad decisions.

[gentlemand]

in my opinion the worst thing in trading is to listen to other people hyping something up. it is also indirectly related to emotions in trading.

there are many people in the trading world that will always get carried away with what they read especially on this forum. for example if there is hype going on about an altcoin they will run to buy that altcoin.

I've got no respect for anyone who's influenced by things they read in a trollbox for instance.

Someone who makes a trade based on someone else writing 'rapecoin 2 da moon lulz loool any second' shouldn't be allowed to dress themselves let alone trade.