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Question: Pls describe ur actions honestly
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Author Topic: How do you manage ur emotions?  (Read 55890 times)
MMA
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May 21, 2017, 11:51:40 PM
 #401

Looking for the answer to your question. I'm also in the same situation and I mostly forget to stop trading when I'm loosing. But now a days trying to trading itself to stop my heavy loss. Hoping to find a way to do it smoothly.

That's one of the things that you can't afford to do when you trade. I've accepted the fact long ago that with trading, losing is something that can't be avoided and treat it as something to learn from. Relax and keep focus. That's how you keep your emotions in check and that's how you avoid making wrong decisions that can make things a lot worse

It probably comes along with experience. I'm not an experienced trader and it's very difficult for me to control my emotions. I often make the wrong decisions that aggravate the situation. Sometimes I think that trade is not for me
yes that is very right that experience play very very important role in controlling your emotions. i think those people who have good experience they can really control their emotions in a good way.
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May 22, 2017, 10:17:01 AM
 #402

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?
Everytime there is a lost, I tend to wait for its recovery  as I trust the coin I'm holding. In terms of emotion, I always think up more possiblities and potential on the cureency thay I'm holding. I'm also cosulting my friends and colleagues for better decisons.
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May 22, 2017, 10:54:43 AM
 #403

Looking for the answer to your question. I'm also in the same situation and I mostly forget to stop trading when I'm loosing. But now a days trying to trading itself to stop my heavy loss. Hoping to find a way to do it smoothly.

That's one of the things that you can't afford to do when you trade. I've accepted the fact long ago that with trading, losing is something that can't be avoided and treat it as something to learn from. Relax and keep focus. That's how you keep your emotions in check and that's how you avoid making wrong decisions that can make things a lot worse

It probably comes along with experience. I'm not an experienced trader and it's very difficult for me to control my emotions. I often make the wrong decisions that aggravate the situation. Sometimes I think that trade is not for me
yes that is very right that experience play very very important role in controlling your emotions. i think those people who have good experience they can really control their emotions in a good way.
Experience is a must to overcome the emotions that happen mostly with trading when unexpected dump happens with the particular coin that we use for trading. Controlling emotions is a must, which is the key factor to make a perfect decision without shattering without proper understanding.

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May 22, 2017, 01:25:28 PM
 #404

Most people who panick or trade with emotion has no sound strategy for trading forex. Many of them are despirate to hit it big, they used high lots and they are afraid of loosing. I was in the same situation before until I develop a strategy that work for me. And now I trade with confidence because i know when to go into the market and when to come out of the market , when to use high lots size and when to use small lots size. So you need to develop a sound strategy that work for you and not to copy another person's  strategy which may not work for you.
Sometimes those mistakes are the best teachers for us because it makes us a good trader and a better trader because if we didn't experience like those things then we will not improve and we will not be a good trader because the professional traders or good traders are came from mistakes that makes them professional because they embrace their mistakes and improve their selves.

It's not just something we can probably make it a lesson. But all errors will definitely be a learning or teacher best or most profitable experience for us. Because without an error it is possible that we are far worse off than those who got the error, because of the error we can better and more professional than those who have never get an error. Although they were much better than us, but one must have had the same thing with us
 
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May 22, 2017, 04:57:35 PM
 #405

I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.

Well i never invest in a coin for a short term. Even if my invested coin goes down, i remain calm because i have made up my mind to be a long term investment and will only sell in profits. Small pumps and dumps does not mean much to me. But for those who have invested in trading for a day or two and they cant afford loss, really get panic and might take wrong decision in trade.
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May 22, 2017, 06:29:22 PM
 #406

I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.

Well i never invest in a coin for a short term. Even if my invested coin goes down, i remain calm because i have made up my mind to be a long term investment and will only sell in profits. Small pumps and dumps does not mean much to me. But for those who have invested in trading for a day or two and they cant afford loss, really get panic and might take wrong decision in trade.

I, too, do not invest in a short time. But when the price goes up and reaches a very high level, I start to worry and I want to sell coins) But for now, I can control my emotions and think sensibly. But I'm not sure that I'll hold out when I see 2500+

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May 23, 2017, 08:24:28 AM
 #407

I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.

Well i never invest in a coin for a short term. Even if my invested coin goes down, i remain calm because i have made up my mind to be a long term investment and will only sell in profits. Small pumps and dumps does not mean much to me. But for those who have invested in trading for a day or two and they cant afford loss, really get panic and might take wrong decision in trade.

I, too, do not invest in a short time. But when the price goes up and reaches a very high level, I start to worry and I want to sell coins) But for now, I can control my emotions and think sensibly. But I'm not sure that I'll hold out when I see 2500+
That's a good improvement, this is a gamble but if you trust with what bitcoin can do to the future you will not worry.
To sell for profit is something to be thankful but we all want for more, so just be patient and wait for the right time to sell
based on your projection or target.

R


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May 23, 2017, 08:34:13 AM
 #408

I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
I agree with you . Because panic is our trigger for not being able to think healthy. Because with calm we can all make the right decision. Decisions that can make us get a lot of profit from trading results. While panic will only create chaos in making decisions.
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May 23, 2017, 10:12:37 PM
 #409

Looking for the answer to your question. I'm also in the same situation and I mostly forget to stop trading when I'm loosing. But now a days trying to trading itself to stop my heavy loss. Hoping to find a way to do it smoothly.

That's one of the things that you can't afford to do when you trade. I've accepted the fact long ago that with trading, losing is something that can't be avoided and treat it as something to learn from. Relax and keep focus. That's how you keep your emotions in check and that's how you avoid making wrong decisions that can make things a lot worse

It probably comes along with experience. I'm not an experienced trader and it's very difficult for me to control my emotions. I often make the wrong decisions that aggravate the situation. Sometimes I think that trade is not for me
yes that is very right that experience play very very important role in controlling your emotions. i think those people who have good experience they can really control their emotions in a good way.
yes i am also agree with you that experience has very close relation with emotions those people who have good experience in trading or even in gambling they may really have good control over their emotions, as compare to those people who are inexperience in trading or gambling. the experience people know the ups and down of trading, they know know they can keep themselves safe from lost.

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May 24, 2017, 03:43:10 AM
 #410

I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
I agree with you . Because panic is our trigger for not being able to think healthy. Because with calm we can all make the right decision. Decisions that can make us get a lot of profit from trading results. While panic will only create chaos in making decisions.
Sometimes we don't really think about that because we are facing our emotions so we are often do panic selling and can lead to losses and if we are going to manage our emotions i think in the first place, we need to prepare our selves that we are facing such a risky field of earning so if we will encounter bad situations we are prepared and we can think very well. Preparedness is one of the things that we need to be able to manage our emotions.
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May 24, 2017, 08:44:16 AM
 #411

I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
I agree with you . Because panic is our trigger for not being able to think healthy. Because with calm we can all make the right decision. Decisions that can make us get a lot of profit from trading results. While panic will only create chaos in making decisions.
Sometimes we don't really think about that because we are facing our emotions so we are often do panic selling and can lead to losses and if we are going to manage our emotions i think in the first place, we need to prepare our selves that we are facing such a risky field of earning so if we will encounter bad situations we are prepared and we can think very well. Preparedness is one of the things that we need to be able to manage our emotions.
Panic selling resulting to lose is something the whales wants us to do, being clever in trading will give us a good chance to last and make profit. It is not only the chart that we are looking, also consider that big factor why the price is so volatile is because there are whales who do day trading wants to make consistent money. The golden rule is never sell for a loss and improve your self discipline because eventually the price will rise.

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May 24, 2017, 10:31:07 AM
 #412

Looking for the answer to your question. I'm also in the same situation and I mostly forget to stop trading when I'm loosing. But now a days trying to trading itself to stop my heavy loss. Hoping to find a way to do it smoothly.

That's one of the things that you can't afford to do when you trade. I've accepted the fact long ago that with trading, losing is something that can't be avoided and treat it as something to learn from. Relax and keep focus. That's how you keep your emotions in check and that's how you avoid making wrong decisions that can make things a lot worse

It probably comes along with experience. I'm not an experienced trader and it's very difficult for me to control my emotions. I often make the wrong decisions that aggravate the situation. Sometimes I think that trade is not for me
yes that is very right that experience play very very important role in controlling your emotions. i think those people who have good experience they can really control their emotions in a good way.
yes i am also agree with you that experience has very close relation with emotions those people who have good experience in trading or even in gambling they may really have good control over their emotions, as compare to those people who are inexperience in trading or gambling. the experience people know the ups and down of trading, they know know they can keep themselves safe from lost.
no if you are stubborn , no matter how much your experience it will just useless. you need to build patient attitude as in trading it is the key to be success otherwise your trading activity won't produce something good and even give you a negative and a lot of problem.

just keep thinking about the effect what you will get when you follow your bad emotion, it is helpful.

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May 24, 2017, 10:34:39 AM
 #413

I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
I agree with you . Because panic is our trigger for not being able to think healthy. Because with calm we can all make the right decision. Decisions that can make us get a lot of profit from trading results. While panic will only create chaos in making decisions.
Sometimes we don't really think about that because we are facing our emotions so we are often do panic selling and can lead to losses and if we are going to manage our emotions i think in the first place, we need to prepare our selves that we are facing such a risky field of earning so if we will encounter bad situations we are prepared and we can think very well. Preparedness is one of the things that we need to be able to manage our emotions.
Panic selling resulting to lose is something the whales wants us to do, being clever in trading will give us a good chance to last and make profit. It is not only the chart that we are looking, also consider that big factor why the price is so volatile is because there are whales who do day trading wants to make consistent money. The golden rule is never sell for a loss and improve your self discipline because eventually the price will rise.

its essential that you have patience and composure when you deal with trading. there are people who can manipulate the movement of the altcoins you deal with and its important that you don't let sudden pumps and dumps affect your decision. just have a well thought of plan, observe and stick to it.

 
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lovesybitz
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May 24, 2017, 02:51:18 PM
 #414

When we talk about our emotions on how to manage it,many people fall unto this one, whether in business, schooling, spiritual, and mentality. but if we know only the basic rules of it,it will surely we can manage our emotion properly and we will stand firm on what we originate the plan.
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May 24, 2017, 05:23:58 PM
 #415

When we talk about our emotions on how to manage it,many people fall unto this one, whether in business, schooling, spiritual, and mentality. but if we know only the basic rules of it,it will surely we can manage our emotion properly and we will stand firm on what we originate the plan.

Now we are calm and therefore we speak about the need to be able to control emotions. We talk about this and discuss it. But, when a critical situation sets in, it is unlikely that any of us will remember this topic and the advice that is here

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May 24, 2017, 06:29:40 PM
 #416

When we talk about our emotions on how to manage it,many people fall unto this one, whether in business, schooling, spiritual, and mentality. but if we know only the basic rules of it,it will surely we can manage our emotion properly and we will stand firm on what we originate the plan.

Now we are calm and therefore we speak about the need to be able to control emotions. We talk about this and discuss it. But, when a critical situation sets in, it is unlikely that any of us will remember this topic and the advice that is here

When critical situation occurs, many traders or even professionals will have the same emotions, the true difference of emotional control can only be gained from experience of loss and accumulated into an ever-expanding analysis. Management can be learned but it is useless if it has no negative experience.

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May 25, 2017, 01:01:03 AM
 #417

When we talk about our emotions on how to manage it,many people fall unto this one, whether in business, schooling, spiritual, and mentality. but if we know only the basic rules of it,it will surely we can manage our emotion properly and we will stand firm on what we originate the plan.

Now we are calm and therefore we speak about the need to be able to control emotions. We talk about this and discuss it. But, when a critical situation sets in, it is unlikely that any of us will remember this topic and the advice that is here

When critical situation occurs, many traders or even professionals will have the same emotions, the true difference of emotional control can only be gained from experience of loss and accumulated into an ever-expanding analysis. Management can be learned but it is useless if it has no negative experience.

Could not agree with you more mate. Almost all of the traders and gamblers know that they should control their emotions (at least what they have heard and read), but when they are on the scenario already, they can't control it but when they commit mistake out of it and learn from it, then that is the time they emerge a professional trader or gambler.
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May 25, 2017, 02:58:54 AM
 #418

I think emotional management just comes with experience in the market. You wont have the same reactions to losses and profits and you will react to situations in a more rational way. A lot of traders only develop good emotional management after several years of experience on the market.
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May 25, 2017, 03:33:08 AM
 #419

I'm used to preferring calm when experiencing unfair panic from altcoin trade, if for small coins it should be monitored and discussed with trading partners, but for coin like eth I am not so dizzy and wait for it to go back up and benefit. I anticipate panic by drinking more water or stop looking at monitor for a moment and start smoking.
I agree with you . Because panic is our trigger for not being able to think healthy. Because with calm we can all make the right decision. Decisions that can make us get a lot of profit from trading results. While panic will only create chaos in making decisions.
Sometimes we don't really think about that because we are facing our emotions so we are often do panic selling and can lead to losses and if we are going to manage our emotions i think in the first place, we need to prepare our selves that we are facing such a risky field of earning so if we will encounter bad situations we are prepared and we can think very well. Preparedness is one of the things that we need to be able to manage our emotions.
Panic selling resulting to lose is something the whales wants us to do, being clever in trading will give us a good chance to last and make profit. It is not only the chart that we are looking, also consider that big factor why the price is so volatile is because there are whales who do day trading wants to make consistent money. The golden rule is never sell for a loss and improve your self discipline because eventually the price will rise.
That's totally wrong , sometimes you need to take a cut loss to minimize deeper loss.
Imagine when you keep holding while you have bought on high price but it is keep dropping.
You need to take a proper action , manage your emotion doesn't mean you need to hold longer.
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May 25, 2017, 12:37:51 PM
 #420

To manage our emotions,we should not blindly follow the market.we should analyze market situations before taking any decision.We should not get panic and sell our coins and at the same time,we should not quickly buy some coins due to FOMO.We should remain cool and just observe market and trade in long terms instead of short terms.
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