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Author Topic: How do you manage ur emotions?  (Read 55890 times)
Potato Chips
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January 24, 2017, 04:29:53 PM
 #61

Your emotions is a crucial thing as a trader because it sometimes taking you over instead of logically thinking some traders will be

emotionally taken that mostly result as a failure. For me I can say that my ommited mistakes are moderate its not too much and

its not less just the right amount for traders. And the reason for some of those mistakes are my emotions since I cant help it when

an altcoin is getting bad each day plus reading the feedbacks of others will just make it worse.

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izanagi narukami
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January 24, 2017, 04:36:32 PM
 #62

I'm usually try to sell as I can if the value lower than current market!
But i'm not to rush it all if that altcoin still have potential for increasing based on community feedback

I'm ever experience , panic sell but the value increase 10x so I'm learned from the past !

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January 24, 2017, 04:42:18 PM
 #63

Your emotions is a crucial thing as a trader because it sometimes taking you over instead of logically thinking some traders will be

emotionally taken that mostly result as a failure. For me I can say that my ommited mistakes are moderate its not too much and

its not less just the right amount for traders. And the reason for some of those mistakes are my emotions since I cant help it when

an altcoin is getting bad each day plus reading the feedbacks of others will just make it worse.
Thats the problem when you are been beaten by your emotions and you didnt play well with yourself we know inside crypto we needed patience and we need to follow some rules that never make an entry to something that we arent sure for possible benefits and never ever sell when you are still at loss.
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January 25, 2017, 01:57:59 AM
 #64

Your emotions is a crucial thing as a trader because it sometimes taking you over instead of logically thinking some traders will be

emotionally taken that mostly result as a failure. For me I can say that my ommited mistakes are moderate its not too much and

its not less just the right amount for traders. And the reason for some of those mistakes are my emotions since I cant help it when

an altcoin is getting bad each day plus reading the feedbacks of others will just make it worse.
Thats the problem when you are been beaten by your emotions and you didnt play well with yourself we know inside crypto we needed patience and we need to follow some rules that never make an entry to something that we arent sure for possible benefits and never ever sell when you are still at loss.
Certainly, trading is not for those affraid of losing money, it's for someone whom can take many risks. For me as a traders, I am really ready to wait than to lose of money, no matter how my coins used to drop, I'll still don't sell it, instead I'll wait even it's a month or a year. I wont trade if I would lose my money, that's what I have learned in 3 years of trading.
The_Dark_Knight
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January 25, 2017, 02:49:07 AM
 #65

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?
The best thing is to start your trading career with amounts that don't give you an emotional reaction, after some time you can rise the amount you trade and what will happen is thanks to your previous experiences as a trader then you will stop second guessing yourself.
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January 25, 2017, 08:35:56 AM
 #66

Your emotions is a crucial thing as a trader because it sometimes taking you over instead of logically thinking some traders will be

emotionally taken that mostly result as a failure. For me I can say that my ommited mistakes are moderate its not too much and

its not less just the right amount for traders. And the reason for some of those mistakes are my emotions since I cant help it when

an altcoin is getting bad each day plus reading the feedbacks of others will just make it worse.
Thats the problem when you are been beaten by your emotions and you didnt play well with yourself we know inside crypto we needed patience and we need to follow some rules that never make an entry to something that we arent sure for possible benefits and never ever sell when you are still at loss.
Certainly, trading is not for those affraid of losing money, it's for someone whom can take many risks. For me as a traders, I am really ready to wait than to lose of money, no matter how my coins used to drop, I'll still don't sell it, instead I'll wait even it's a month or a year. I wont trade if I would lose my money, that's what I have learned in 3 years of trading.
not only trading but all other types of business are risky, for example if you want to make money in trading or investment, you must have to take risk, without risk you cannot make money in trading. trading is not for those people who are afraid to invest their money and cannot take the risk. they should try to find some job for themselves fro, where he  can get a fixed salary.
Fireblade
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January 25, 2017, 12:41:25 PM
 #67

Your emotions is a crucial thing as a trader because it sometimes taking you over instead of logically thinking some traders will be

emotionally taken that mostly result as a failure. For me I can say that my ommited mistakes are moderate its not too much and

its not less just the right amount for traders. And the reason for some of those mistakes are my emotions since I cant help it when

an altcoin is getting bad each day plus reading the feedbacks of others will just make it worse.
Thats the problem when you are been beaten by your emotions and you didnt play well with yourself we know inside crypto we needed patience and we need to follow some rules that never make an entry to something that we arent sure for possible benefits and never ever sell when you are still at loss.
Certainly, trading is not for those affraid of losing money, it's for someone whom can take many risks. For me as a traders, I am really ready to wait than to lose of money, no matter how my coins used to drop, I'll still don't sell it, instead I'll wait even it's a month or a year. I wont trade if I would lose my money, that's what I have learned in 3 years of trading.
not only trading but all other types of business are risky, for example if you want to make money in trading or investment, you must have to take risk, without risk you cannot make money in trading. trading is not for those people who are afraid to invest their money and cannot take the risk. they should try to find some job for themselves fro, where he  can get a fixed salary.
but risk in trading can be minimize if you have sound knowledge about trading and having good experience and skills in trading. you  can also reduce risk in trading if you will invest a limited amount in trading that you can easy bear to lose. i have fixed a limited amount for trading and always try to trad with that amount and never try to exceed it. 
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January 25, 2017, 03:51:06 PM
Last edit: January 25, 2017, 08:10:58 PM by bitllionaire
 #68

Your emotions is a crucial thing as a trader because it sometimes taking you over instead of logically thinking some traders will be

emotionally taken that mostly result as a failure. For me I can say that my ommited mistakes are moderate its not too much and

its not less just the right amount for traders. And the reason for some of those mistakes are my emotions since I cant help it when

an altcoin is getting bad each day plus reading the feedbacks of others will just make it worse.
Thats the problem when you are been beaten by your emotions and you didnt play well with yourself we know inside crypto we needed patience and we need to follow some rules that never make an entry to something that we arent sure for possible benefits and never ever sell when you are still at loss.
Certainly, trading is not for those affraid of losing money, it's for someone whom can take many risks. For me as a traders, I am really ready to wait than to lose of money, no matter how my coins used to drop, I'll still don't sell it, instead I'll wait even it's a month or a year. I wont trade if I would lose my money, that's what I have learned in 3 years of trading.
not only trading but all other types of business are risky, for example if you want to make money in trading or investment, you must have to take risk, without risk you cannot make money in trading. trading is not for those people who are afraid to invest their money and cannot take the risk. they should try to find some job for themselves fro, where he  can get a fixed salary.
but risk in trading can be minimize if you have sound knowledge about trading and having good experience and skills in trading. you  can also reduce risk in trading if you will invest a limited amount in trading that you can easy bear to lose. i have fixed a limited amount for trading and always try to trad with that amount and never try to exceed it.  
and to me i think good management, planing and strategy can help you to minimize risk in trading. and all these things can be possible if a person have good experience and knowledge in trading. but if you do no have any knowledge and experience in trading then trading can be more risky than gambling.
jakelyson
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January 25, 2017, 03:58:33 PM
 #69

You stick to your trading plans no matter what happen. If you have a good foundation of your technical analysis and you have researched well enough on your trades, you will be more confident even if the price moves against your trades. It will take a lot of practice to control your emotions but you will be able to control it if you always try. And the fastest way to achieve that is if you are confident with your trades.
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January 25, 2017, 05:55:25 PM
 #70

For trading, I try to stick to a system/plan and stick to it. It helps to take the emotion out of it because there are set buy and sell points rather than doing it by feeling.
The_Dark_Knight
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January 26, 2017, 03:13:21 AM
 #71

Your emotions is a crucial thing as a trader because it sometimes taking you over instead of logically thinking some traders will be

emotionally taken that mostly result as a failure. For me I can say that my ommited mistakes are moderate its not too much and

its not less just the right amount for traders. And the reason for some of those mistakes are my emotions since I cant help it when

an altcoin is getting bad each day plus reading the feedbacks of others will just make it worse.
Second guessing yourself is probably one of the worst things you can do that is why we must keep our emotion in check, sometimes if you are not able to do it the best thing is to just walk away from your computer to take a breath of fresh air and clear your mind.
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January 26, 2017, 03:41:03 AM
 #72

For trading, I try to stick to a system/plan and stick to it. It helps to take the emotion out of it because there are set buy and sell points rather than doing it by feeling.

This is one of the best answers as I was skimming thru the thread. A systematic approach to trading does help get rid some of the emotions involved in trading. Let us face it, we cannot avoid feeling any emotion when it comes to winning or losing money. Another thing to do is to use a bot if you want to entirely feel nothing and let the trading bot do all the work for you.

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January 26, 2017, 05:53:48 AM
 #73

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?

It's part of trading the only way we can overcome where the emotion plays a part on our trading is when we gain a lot of experience and experiences come insight,once we gain experiences we also gain insight,which is very important to gain profits .

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January 26, 2017, 06:04:52 AM
 #74

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?

It's part of trading the only way we can overcome where the emotion plays a part on our trading is when we gain a lot of experience and experiences come insight,once we gain experiences we also gain insight,which is very important to gain profits .
Yes, through experience we can develop the capability to foresee market movements, not to the level of sages but somewhat like "inside people".

When we are having knowledge on market's turning points, we will be having cool mind-set to trade without any dominance of emotions. Experience is really a helpful factor for managing emotions and trading profits.
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January 26, 2017, 08:07:53 AM
 #75

You stick to your trading plans no matter what happen. If you have a good foundation of your technical analysis and you have researched well enough on your trades, you will be more confident even if the price moves against your trades. It will take a lot of practice to control your emotions but you will be able to control it if you always try. And the fastest way to achieve that is if you are confident with your trades.

tht is the general rule but then you face a streak lose, and your emotion come on top, with altcoin this can be more dangerous, unless you buy at the lowest bottom

i believe that those who cannot handle their emotion, should just build a bot that trade for them with their strategy, in this way they can get rid completely of the problem
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January 26, 2017, 08:15:03 AM
 #76

Manage our emotions is the most important thing, all our intelligence will be lost if we are not able to control your emotions. in the online social life and all the things we can should control.
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January 26, 2017, 10:39:41 AM
 #77

Manage our emotions is the most important thing, all our intelligence will be lost if we are not able to control your emotions. in the online social life and all the things we can should control.

We all need this. Managing your emotions is one of the hardest part of your life. I think sometimes emotions lead you to danger, or sometimes in trouble. Handling your temper is so hard, we cannot handle those things if we are on bad situation. We choose to be cool, but our temper so hard to handle.
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January 26, 2017, 10:48:34 AM
 #78

when trading bitcoin or other form of trading that brings income you should be well equip with the right information and a lot if tutorials. while trading if you feel or you are loosing the trade just relax you emotions and don't ever trade with money you cannot afford to lose,exercise caution while trading and don't get angry too much
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January 26, 2017, 11:01:32 AM
 #79

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?

In any business, we really shouldn't attach our emotions into it. Because it will affect the nature of the business that we are doing now. Whether it traditional, trading, franchising, and etc.
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January 26, 2017, 11:10:44 AM
 #80

I lost everyte i gambling because gambling is life but mow i end up already playing since then i lost my tuition fee and debts that they give me  i do business right mow like freelance cpa and other things seo that they pay me bitcoin and then trade into digital currency
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