How do you manage ur emotions?

[tylerDjack]

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?

[1715001321]

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[MadGamer]

Panic selling is probably the worst thing a trader could ever do with BTC. That happens because people invest and buy more then what they can afford to lose because If they didn't buy more , they simply wouldn't care , have patience and wait whatever time It takes until It raises again.
People who bought more then what they can afford to lose are always in panic and the least drop in the price could make them panic sell and that could result into losses , however If they waited , It could've go up again.

[n691309]

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?

We should contol our emotions otherwise they will control us, when you are in panic or in hurry then you take a small break and patient to re-analyze what you are going to do and if it worth, maybe ask someone else what he/they think about your next move.

[GreenBits]

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?

Just trust your self,skills and your prediction.If you lose just try again and learned from your mistake.If you cant take the emotional impact of trading just quiy trading and learned other income making method.

[pearlmen]

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?

That is one hell a lot serious thing about trading or even anything that have to do with risk. That emotion is just the determining factor between winning and losing just a bit of it. I have been involved and when I wanted to take a decisive decision emotions sets in telling me why dont you wait a little and it could only get better and that was it. I ended up losing afterall but its actually difficult to want to separate emotions and objectivity but with time I will be much better.

[deadsilent]

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?

Professional traders never panic. They know whats the risk and manage the risk. Emotion must be set aside. It will just lead you from losing in the end. You know, losing is a part of trading. If you dont want losing then trading is not for you. Patience is needed to be successful on trading. If you dont have patience, you might miss your opportunity to gain profit. Dont let your emotion control you. Emotional traders never succeeded.

[Muntaha Mali]

Well, I handle my emotions in order to my previous trading experience! In past, when I used aggressive trading lot size then all the time I crashed my balance! This is way, now I am not interested to use aggressive trading lot size!

[Vaskiy]

I have never felt such emotional collapse with trading. Often it happens while gambling, when my mistake gets reflected through loss and I was unable to do anything and the outburst happens in the form of sweating completely.

[iram3130]

Occasionally it happens like I make a little less than what I expect but it is way less than occasionally. Emotions are not good if you can't control them. Some of the surges in the Bitcoin world was because of users emotions on the rise and downfall of the value.

[xuan87]

Knowledge and experience will help you to manage your emotion, when you master the skills, your prediction of price movement will increase and when things is more predictable you won't be panic anymore, panic selling is the worst emotion when it comes to trading, it can cause your profit to decrease and even lost your money

[coynedterm]

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?

Actually the main reason to get loss in this world is only our greedy mind , because we lost our money and btc and time to change order .
Here I already made many orders in the yobit but when putting goes for high then I confused to hold my order or not because my mind attracted toward Putin and canceled all the buy order and bought Putin at rate of 2300 satoshi buy after buy the price goes down to 1400 satoshi per Putin .
So I think we should have our emotions in control so that we can make slow but sure profit .

[agustina2]

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?

That is the challenge on trading in the world of bitcoin, to make decisions in a proper way and not be affected much to the feelings.

How to deal with that? Just accept all the loss and while regretting it, just be confident enough that you can bring those losses and recover in your next move. Of course the next plan must properly analyzed so that it can minimize you to get some continous losing streak.

[Idrisu]

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?

Trading is a very risky venture and you most know emotional implication of trading. In trading you are either making profits or losing. Part of skills needed to succeed in trading is emotional control skill, as most traders thought theirs strategies has power over the market. Trading be it arbitrage, forex and betting has it own mind and it can decide to change or move against your strategy based on what it think. Experience has shown that money management principle is the only way you can control your emotion. Remember loses is part of successful trade and expert treat trade in that way.

[coolcoinz]

When you feel like panicking, just stand up and take a walk. Don't end up looking at the charts and sweating, because sooner or later you'll push the button. I did it once and learned on my mistake.
Right now I'm cool


They say one picture is worth a thousand words.

[basesaw]

i just accept the fact that i made a mistake. making a mistake can be changed or you can make it as a good experience. but sometimes when theres a big opportunity and you just miss it because you make a huge mistake, we cant handle it, but it might be a big lesson for you. that big opportunity can come again by times 2. so you are already prepared by the next time that came again.

[bitbunnny]

Cool and clear head without strong emotions that prevale is one of the most important things when trading Bitcoin. But we are all humans and this is not easy to achieve. Experience helps and also the fact that you have to accept your bad decisions too and try to minimize the damage if it's done. If you keep cool had you will easier make good decisions.

[Podgor]

If you have a plan, write it down on a piece of paper to remind you made it when you wasn't emotional.
It takes time to stop making decisions based on emotions.
I'm pretty good while comes to handling my feelings and reactions and yet I don't gamble since it's different when you express your emotions by few clicks.

Every time you get a moment like this, do a break.
Meditate, breathe, count to 10, go for a walk or take a cold shower.

[CraigWrightBTC]

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?

Actually i could managed emotion because of the capital for trading was idle money and
 i traded just for pasive income, although the price of coins going down i can be relax
i am always keep discipline on my trading plan that has clear rules.

[maku]

From what I can tell, panic you can feel while trading is caused by lack of faith created by disturbing news. But you need to remember fear is always bigger that it seems.
Don't let your imagination run wild - it will only cause you to think of the worst possible outcomes, while in reality we went through many rough times with BTC to know that it will always recover.

I recommend reading this short article - The Psychology of Trading Panic: http://traderfeed.blogspot.com/2016/11/the-psychology-of-trading-panic.html

[JeffBrad12]

I try to eat something. or I go to my psychiatrist. 
https://www.psychologytoday.com/blog/fulfillment-any-age/201502/5-ways-get-your-unwanted-emotions-under-control