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Author Topic: How do you manage ur emotions?  (Read 55366 times)
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January 21, 2017, 07:24:00 AM
 #21

Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.

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January 21, 2017, 01:11:43 PM
 #22

Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.
Indeed, if we can not control the emotions that will make us do a costly mistake. Perhaps a bit of advice from me and maybe you can follow, it would be better if the trade to set a target profit and loss. So that we can do according the targets we set, I'm sure you can control your emotions and not make mistakes. And must keep doing the analysis properly so that trade will profit.


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basesaw
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January 21, 2017, 06:13:05 PM
 #23

Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.
Indeed, if we can not control the emotions that will make us do a costly mistake. Perhaps a bit of advice from me and maybe you can follow, it would be better if the trade to set a target profit and loss. So that we can do according the targets we set, I'm sure you can control your emotions and not make mistakes. And must keep doing the analysis properly so that trade will profit.
setting a target profit and loss is a good suggestion. setting a target may help you what you really want. setting target will help you to know your limits and will satisfy your expectations.one more suggestion is when playing in the market such as trading or investing. you should first know the consequences that may happen. study all those things that you may need to know and condition your self for the stresses that may come.

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January 21, 2017, 06:23:31 PM
 #24

Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.
Indeed, if we can not control the emotions that will make us do a costly mistake. Perhaps a bit of advice from me and maybe you can follow, it would be better if the trade to set a target profit and loss. So that we can do according the targets we set, I'm sure you can control your emotions and not make mistakes. And must keep doing the analysis properly so that trade will profit.
setting a target profit and loss is a good suggestion. setting a target may help you what you really want. setting target will help you to know your limits and will satisfy your expectations.one more suggestion is when playing in the market such as trading or investing. you should first know the consequences that may happen. study all those things that you may need to know and condition your self for the stresses that may come.
Trading you will gain good learning there if you are always experiment with your own idea and ways how to  make and gaining profit in trading site.
If you less it means you learn and do not be afraid of loses because if you are losing you will gain more in the future and hit how you are manage your trading strategy.
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January 21, 2017, 07:13:12 PM
 #25

If you aren't calm and can't analyze that your every trade has risk of loss, you can't be a good trader. Realize that nothing happenes in minutes and every loss has chanse of profit after some time, keep calm and feel yourself as good as you are when you get profit. If you won't do those steps, your bad emotions can cause lost of money.

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January 21, 2017, 07:59:56 PM
 #26

While trading sometimes I drop back from my original plan. Such emotional decisions often bring loss cuz I tend to change orders on panic or when I mistakenly expect more potential income. How do you deal with that if you feel the same way?
Managing emotions will be only possible through experience. You need into continuous practices of controlling your emotions to get better results of managing them.

Self control will be the key here too.

Obviously controlling our emotions will lead to follow our trading plans strictly which might ensure big chances for profits making.


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January 21, 2017, 11:12:52 PM
 #27

Truly speaking is very difficult to control and restrain my emotions and probably most of the times I can not. Maybe I have to be trained to be cool in some way and perhaps the the best option is to set goals in profit and loss and follow them every time
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January 22, 2017, 01:30:13 AM
 #28

Greetings!

While trading sometimes I drop back from my original plan. Such emotional decisions often bring loss cuz I tend to change orders on panic or when I mistakenly expect more potential income. How do you deal with that if you feel the same way?

There are always two choices that we need to do. Since we are discussing our emotion, I think this most often happen while we do trade on the exchange platform, especially if we don't wait patiently in the price what we are expecting it, we decide quickly to change it then all of a sudden the value change instantly, then we got panic on it. Which means we shouldn't control by our emotions instead we must control our own emotion, to avoid those thing s to be happen to us.

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January 22, 2017, 05:10:22 AM
 #29

Emotions is really a major thing that most traders would really face in the times that they are trading because we do have expectations which do we really like to make profitable trades thats why we set up strategies and plans but when we are already on the middle of trading unexpected things do really happens which means our emotions will come out and changes our plans thats why we need to manage our selfs.


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January 22, 2017, 12:33:45 PM
 #30

Either Trading or gambling (this I don't recommend), you require a high  level of discipline, you must have a trading strategy and exit plan, either you are in profit or loss. Once you start to chase your loss or become greed you will loose focus and you money

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January 22, 2017, 12:51:40 PM
 #31

Greetings!

While trading sometimes I drop back from my original plan. Such emotional decisions often bring loss cuz I tend to change orders on panic or when I mistakenly expect more potential income. How do you deal with that if you feel the same way?

Control of emotions is the most difficult thing in trading as greediness is always somewhere near and no matter what, there always will be the other choice. If you profit, you think you can earn more, if you loose and quit  and price returned - makes you crazy. IMHO what I would recommend is to have a very strict plan before you start any position, you must set up the level of your profit as well as the acceptable loss. And no matter what don't change that, as this can teach you discipline and at least it gives you the feeling of control.
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January 22, 2017, 01:24:50 PM
 #32

Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.
Indeed, if we can not control the emotions that will make us do a costly mistake. Perhaps a bit of advice from me and maybe you can follow, it would be better if the trade to set a target profit and loss. So that we can do according the targets we set, I'm sure you can control your emotions and not make mistakes. And must keep doing the analysis properly so that trade will profit.
setting a target profit and loss is a good suggestion. setting a target may help you what you really want. setting target will help you to know your limits and will satisfy your expectations.one more suggestion is when playing in the market such as trading or investing. you should first know the consequences that may happen. study all those things that you may need to know and condition your self for the stresses that may come.
Yes very true, it would make more trade would have a target and I think it was very good. It was a very good suggestion, you were right to begin trading a trader should know the consequences of the risk of trading and continue to learn that skill continues to grow. It will make us calm in the trade and can reduce the risk of making mistakes in trading. Atitude and skill must exist in the trade.


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January 22, 2017, 02:16:38 PM
 #33

Most of the time I can't control my emotion so the tendency is failure. I always follow my emotions that's why I forget to analyze the situation which is wrong. In trading, it really needs analyzation to be successful however we can't say it is perfectly right until we see the results.
Indeed, if we can not control the emotions that will make us do a costly mistake. Perhaps a bit of advice from me and maybe you can follow, it would be better if the trade to set a target profit and loss. So that we can do according the targets we set, I'm sure you can control your emotions and not make mistakes. And must keep doing the analysis properly so that trade will profit.
setting a target profit and loss is a good suggestion. setting a target may help you what you really want. setting target will help you to know your limits and will satisfy your expectations.one more suggestion is when playing in the market such as trading or investing. you should first know the consequences that may happen. study all those things that you may need to know and condition your self for the stresses that may come.
Yes very true, it would make more trade would have a target and I think it was very good. It was a very good suggestion, you were right to begin trading a trader should know the consequences of the risk of trading and continue to learn that skill continues to grow. It will make us calm in the trade and can reduce the risk of making mistakes in trading. Atitude and skill must exist in the trade.
All own strategy. but for me there is something different i learn a lots of ways from the others but i just stay in one methods that actually it makes you profit.. Like set a 4 tier for first tier i set selling bitcoin to 25% of my bitcoin sell and another 25% for 2nd tier.
always don't panic just analyze the movement and let your mind to search for idea to make your own methods.. if you are always managing and monitor your trading profit and lose.. you can do experiment and learn emotion is one of the weaknesses if we are always using it just in gambling that you can push you to put your bet in one place without analyzing it..


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January 22, 2017, 03:37:08 PM
 #34

Emotions comes in devise ways and even over excitement after a profitable trade can get in between and mare our subsequent trade decisions. At any rate, emotions are the things that makes us human and there is no way to totally get rid of them. Best a trader can do is to have a laid down trading plan before taking up any position in the make and to follow up the plan to the later. Anger, anxiety, bitterness, hatred, joy, etc are all examples of emotions.

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January 22, 2017, 03:58:52 PM
 #35

Greetings!

While trading sometimes I drop back from my original plan. Such emotional decisions often bring loss cuz I tend to change orders on panic or when I mistakenly expect more potential income. How do you deal with that if you feel the same way?

Its the same thing as gambling, emotions are big part of it and when in time you haste on your bet or simple make a hero call without analyzing what you just did or not even understanding why you did the hero call, its likely you lose.

I'm not a trading expert but its always a good thing to have confidence to the coin you are trading, if you knew this coin is going to rise, why get out of it when its value drop. All it need is time and it can climb up.

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veleten
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January 22, 2017, 06:54:53 PM
 #36

I usually try to change what I'm doing if I'm feeling like
my judgement is affected by emotions,be it fear of loss or too much agitation,greed,panic etc.


 

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PokerFace3
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January 22, 2017, 07:06:05 PM
 #37

I usually try to change what I'm doing if I'm feeling like
my judgement is affected by emotions,be it fear of loss or too much agitation,greed,panic etc.
Means you are not successful with your trading ?
I do not see any possibility of making profits by not controlling your emotions. You need to have some strict plans for your trading and you need to follow them regardless of whatever feeling you will be getting in market hours.

Changing your plans according to some sudden feelings, might ruin the chances of making profits in trading.
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January 22, 2017, 07:11:39 PM
 #38

Training is what you need. Start with disposable capital first. Practice trading with that along with known trading strategies.

As you become more confident and prepared for both winning and losing streaks, you'll make less mistakes, profit more and lose less.

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geopolisch
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January 22, 2017, 07:26:45 PM
 #39

Training is what you need. Start with disposable capital first. Practice trading with that along with known trading strategies.

As you become more confident and prepared for both winning and losing streaks, you'll make less mistakes, profit more and lose less.
Yes, only through experience we will be able to manage our emotions. Both in trading and gambling emotions are playing against us to deviate us from our original trading/gambling plans. If we start listening to our emotions then there will be no chances for discipline in trading.

Unlike Forex trading, I'm not that much emotional while trading in bitcoins. Bitcoin fluctuations are somewhat predictable so I'm not getting deviation from my trading plans.


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January 22, 2017, 07:34:46 PM
 #40

Although trading for many years, I still have this threshold when emotions start to get the better of you. Usually when your entry position size is very huge or very high leverage and the market is very volatile.

So learn first where your threshold lies.

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