Trading, emotions and your fine selves

[CryptoCoinArbitrage]

We all have emotions and when I started trading I could not easily accept losses and mistakes and felt very poor when it happened. When we have predefined trading strategy and we stick  to it and making independent decisions and focusing on profit can help us to control our emotions and accept  losses as a normal part of the business.

[karthcrypt]

I think and I know we are human because of our emotion that is why emotion intelligence level of a trader is very important.  Having high emotional intelligence simply means you are aware of your emotions and that of others and you are also in control of your emotion!

[trumper]

I can handle my emotions on holding but when trading it is impossible for me to always keep calm and be fine. Trading is much harder than hodling.

[gentlemand]

I can handle my emotions on holding but when trading it is impossible for me to always keep calm and be fine. Trading is much harder than hodling.

Yet it's looked down upon by these pinheads who think they're heroes getting caught up in some scumbag's pump.

I'd love to see the stats of people who got in a couple of years ago who did nothing but hold versus people who started trading two years ago. My suspicion is the vast majority of traders will be miserable failures.

[richardsNY]

I'd love to see the stats of people who got in a couple of years ago who did nothing but hold versus people who started trading two years ago. My suspicion is the vast majority of traders will be miserable failures.

It highly depends. The majority of the traders will lose regardless of the market state, but the few kiddies that do manage to apply TA in a market not being subject to average joe panicking, have done more than well. It's a matter of staying out of the market when average joes are active, and jump back in when TA kiddies do their thing, which is exactly the case right now. The market in current state has been fairly predictable. The consensus event would make a nice initial short at +$9500 where everything else is a bonus. $5999 would very likely translate into a test of $5500 and $5499 will very likely result in a test of $5000.

[foaman]

I think there are none of guys, who had mastered the emotions handling art so good, that they can loose a $10.000 without a shadow of regret on their face, lol

[Best Dreams]

Acting like a robot seems to work out quite well.  No emotions, only profits

Like a business theory, we can also consider this option. There is a saying according to that theory, we only want a pair of hands that must not have any connection with brain. Here in trading as well, we might say we can be robots who don’t have any emotions. Those who would just do work for getting profit according to the best strategy. This would help us to make good results.

In trading you will have to control your emotions as anything can happen, price often rises often it falls but it does not mean you take too much stress and compel yourself to sell it at panic, I think now a day best thing is holding, keep your emotion away while you are trading as this is thing which can destroy all your profit, as you said in trading there is no of heart and brain, just use your skills and your luck will help you get success.

[MrMac1000]

It depends. Sometimes I tend to go with the flow of my emotions, other times I am patient and don't let downswings affect my mood.

[perfect999]

I can handle my emotions on holding but when trading it is impossible for me to always keep calm and be fine. Trading is much harder than hodling.

Yet it's looked down upon by these pinheads who think they're heroes getting caught up in some scumbag's pump.

I'd love to see the stats of people who got in a couple of years ago who did nothing but hold versus people who started trading two years ago. My suspicion is the vast majority of traders will be miserable failures.

This field is totally defend from others. You can’t just be determined over something that is natural to everyone. There have been so hard hearted and feeling less people been in trading but when it comes to your investment that is on stake, those people were scrummed so many times. But still we always true to remove this insecurity from ourselves and try to move forward.

[Altcoins enthusiast]

In trading we cannot completely wiped out emotions but we can make some trading decision that is going to help our emotions and put us in advantage.  You cannot really make money if your emotions is the decisions making in the trading then you are going to get frustrated but if you allow your knowledge to decide for you there is no how you will not make it.

[foaman]

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 am feeling very intense and concentrated, when I am trading a lot... some times I even tend to drink a mint tea, in order to keep some more calmness...

[captaincomet]

Trading is mostly about dealing with emotions. I found very helpful a book by Alex Elder called "Trading for a living". There is a chapter about psychology. 

[needtor22]

For the current market development is unpredictable, because the average Alt prices fall, I think we are patiently waiting for higher price increases, so we will generate a lot of profits at high prices.

[AnonBitCoiner]

From my point of view ,we need more knowledge in trading then holding.Because in trading,we have to analysis the market very deep and buy at the maximum low price then the market price.Then only you will get more profit from it.If you have patience ,you can easily hold the bitcoin.

[fudster]

Emotions are hard to battle with when you see you are losing money. There are books about this which is mainly for foreign exchanges traders but have not read any for crypto traders. One thing that I always remind myself when losing money due to small investments that I did is that, I am an early investor in crypto, in time this investment of mine will grow and it don't matter when.

[Aris novianto]

if trade is never emotional, because if our minds are emotional we would definitely lose, if you want to trade must be patient and also must be careful in choosing the coins that we will invest.

[minairia3]

Emotionless state is when you see money as an object not as a thing to change your life. But the money is really one thing. And the other factors would be pride, greed, addiction etc. It just requires a good practice and discipline.

[charlotte04]

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 do also believe that when it comes to trading the biggest problem we are always encountering is our selves and our emotions. I truly lost a lot from that but now I do learned my lessons.

[el kaka22]

For the current market development is unpredictable, because the average Alt prices fall, I think we are patiently waiting for higher price increases, so we will generate a lot of profits at high prices.

No one should ever blame themselves if they ever let emotion get the best part of them in trading but the thing is to always learn from the outcome of such emotions and make better decisions next time. After learning a lot about trading and I thought I was ready to go, emotion was just the first problem I had, but over time, I got used to the idea of just sticking to what I know and not what I feel.

When I feel the signal to get out is there, I do with a stop loss or alarm believing the market can still change course, and same applies to when the market is going up as well. We cannot always be right 100% of the time, but knowing how to play one's card without emotion helps a whole lot.

[alminium]

Yes panic is your worst enemy every time you see a downward movement from Bitcoin You can not help yourself to sell instead of waiting for the descending trend to end and wait to recover. You can say that you are just an ordinary merchant who puts aside his emotions while trading. So you can still fall.