joganuts
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Activity: 355
Merit: 100
Gric Coin - Redefining Agriculture and Increasing
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May 16, 2017, 09:15:22 AM |
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Whenever I trade, I always remind myself not to go beyond my threshold in a repetitive manner. Sometimes I write it down on post-it notes just in case I go full retard on trading. I rarely hit losses, and when I do, I immediately call it a day as soon as I hit my acceptable loss for the day. The key is being disciplined all throughout and you will control your emotions.
Patient is the key to become success in trading . When you suffering lost , don't too quick to make a decision to chase that loss . Better to find another way latet in another time when your head back to fresh and in optimal confition to think. Common sense must always be present. Trade is not a place for hysterics. This is an exact science and it should be without emotion. It is necessary to educate it in yourself. Without emotions, trading is much safer An emotion required really when you are on fire it is help you to motivated. It is just about how you handle this emotion , use it as a good thing and you will find it was helpful into your trading. So there's no reason to say it is better to trade without emotion , i really disagree. There is two possible emotion that you can feel when you are trading. The first one is, a motivated emotion because you are earning money thru trading and you are motivated to gain more while the second one is the angry emotion, because you keep losing money in trading but that is the kind of emotion that you don't need. So it is good to trade with emotion if your emotion is connected to being motivated. The are acutally many emotions that can we have as we do trading. Some of them are greediness, decent, determined, and many more. Thus, proper implementation of discipline is must in trading so that trade would be affected negatively |
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Silberman
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Activity: 2520
Merit: 1337
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May 18, 2017, 01:03:45 AM |
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Trading emotionally would only make us lose more in long term, so I always believe in having Stops added to any of my positions that I put open so to avoid higher losses as well as get profits locked at my targets. Emotions play a negative role in either trading or gambling, so it is necessary to keep them aside while doing any.
Yes that is right, Emotions is one of the worst enemy of a trader or gambler because it can drive you crazy and it will make you be greedier than before and it will make you end up losing a lot of money in your trading or gambling performance so it is best to just do things very calm to avoid getting a loss and not ending up being regretful. Ignorance is also a big enemy of traders and gamblers, many people seem to think that trading is easy and that they could earn a fortune without doing anything when in fact most of the time they are going to lose their money due to the lack of knowledge about trading. |
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Souldream
Legendary
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Activity: 1110
Merit: 1000
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May 18, 2017, 02:53:19 AM |
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Ignorance is also a big enemy of traders and gamblers, many people seem to think that trading is easy and that they could earn a fortune without doing anything when in fact most of the time they are going to lose their money due to the lack of knowledge about trading.
yes that's true, playing without any reference or knowledge in the game must be one of the reason why people are losing their money we need to be knowledgeable and be wise enough in all our doings to about misfortune. |
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Sled
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May 18, 2017, 03:49:04 AM |
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Ignorance is also a big enemy of traders and gamblers, many people seem to think that trading is easy and that they could earn a fortune without doing anything when in fact most of the time they are going to lose their money due to the lack of knowledge about trading.
yes that's true, playing without any reference or knowledge in the game must be one of the reason why people are losing their money we need to be knowledgeable and be wise enough in all our doings to about misfortune. Everything that is a source of income needs knowledge so we can do it in a right way and if we just go with the flow then we are tend to end up losing money. Knowledge is the best weapon in any kind of business so we need to make sure that we will get that as soon as we plan for an investment or business. |
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Maslate
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May 18, 2017, 04:27:52 AM |
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Ignorance is also a big enemy of traders and gamblers, many people seem to think that trading is easy and that they could earn a fortune without doing anything when in fact most of the time they are going to lose their money due to the lack of knowledge about trading.
yes that's true, playing without any reference or knowledge in the game must be one of the reason why people are losing their money we need to be knowledgeable and be wise enough in all our doings to about misfortune. Everything that is a source of income needs knowledge so we can do it in a right way and if we just go with the flow then we are tend to end up losing money. Knowledge is the best weapon in any kind of business so we need to make sure that we will get that as soon as we plan for an investment or business. Exactly but you cannot carry it successfully if you cannot manage your emotion, what is important is both. Your emotion is a negative thing because you might not be able to implement your method effectively, learn to control and be discipline. |
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lisa255
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May 18, 2017, 05:17:36 PM |
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Ignorance is also a big enemy of traders and gamblers, many people seem to think that trading is easy and that they could earn a fortune without doing anything when in fact most of the time they are going to lose their money due to the lack of knowledge about trading.
yes that's true, playing without any reference or knowledge in the game must be one of the reason why people are losing their money we need to be knowledgeable and be wise enough in all our doings to about misfortune. Everything that is a source of income needs knowledge so we can do it in a right way and if we just go with the flow then we are tend to end up losing money. Knowledge is the best weapon in any kind of business so we need to make sure that we will get that as soon as we plan for an investment or business. Exactly but you cannot carry it successfully if you cannot manage your emotion, what is important is both. Your emotion is a negative thing because you might not be able to implement your method effectively, learn to control and be discipline. It seems to me that the beginners have emotions. And experienced traders do not have emotions anymore. They just do their job. And something they get, and something not. This is normal and you need to get used to it |
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Bagaji
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May 18, 2017, 10:21:36 PM |
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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.
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Sled
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May 19, 2017, 12:24:22 PM |
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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. |
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Labumi
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May 19, 2017, 12:52:11 PM |
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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. Yes, sometimes emotion controls us but dont let it happen because it can cause bad thing to you. maybe you should take a rest or relax your mind and self from everything especially when you are in panic so that you will not everything after it and you can think a good idea or steps that you need to do for the better result. Indeed essentially the profits derived from ourselves, so those who could not get an advantage is someone who always has difficulty in controlling emotions. Self control or the control of emotions is the most powerful way to get many of the advantages, besides when you do something it must be based on valid information and something that's true. Because it can help you to take the appropriate measures when obtaining difficulties |
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NathanJB
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May 19, 2017, 01:01:25 PM |
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Practice trading with no emotions. Don't be like this.  |
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Gheka
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May 19, 2017, 02:02:09 PM |
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Practice trading with no emotions. Don't be like this. Yes and the question is how to do it. Emotion is always a problem that any trader who always face when trading and really want to manage emotions is not simple. I had many times been emotionally affected and make wrong decisions but gradually I realized that emotional management was based on our experience, mistakes are lessons that help us manage our emotions. And one more experience is when making buy or sell, we have to decide carefully then do not care about it because if we are interested, we will be more easy to make mistakes |
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Vika0170
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May 19, 2017, 04:12:09 PM |
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For three years of trading, I never emotions did not prevent me from making decisions. On the contrary, I always listened to my feelings and it helped me make the right decisions. When I think a lot, I start to make mistakes
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joshy23
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May 19, 2017, 04:36:17 PM |
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Ignorance is also a big enemy of traders and gamblers, many people seem to think that trading is easy and that they could earn a fortune without doing anything when in fact most of the time they are going to lose their money due to the lack of knowledge about trading.
yes that's true, playing without any reference or knowledge in the game must be one of the reason why people are losing their money we need to be knowledgeable and be wise enough in all our doings to about misfortune. Everything that is a source of income needs knowledge so we can do it in a right way and if we just go with the flow then we are tend to end up losing money. Knowledge is the best weapon in any kind of business so we need to make sure that we will get that as soon as we plan for an investment or business. Exactly but you cannot carry it successfully if you cannot manage your emotion, what is important is both. Your emotion is a negative thing because you might not be able to implement your method effectively, learn to control and be discipline. It seems to me that the beginners have emotions. And experienced traders do not have emotions anymore. They just do their job. And something they get, and something not. This is normal and you need to get used to it I think professional traders have emotion as well. But through the years, they learn how to control and channel their emotions to result in a positive way. All people have emotions, but yeah, newbies or beginners have more difficulty controlling their emotions. But everyone has taken that path and you will learn how to control it as you go a long. |
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wantjokull
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May 19, 2017, 04:40:11 PM |
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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.
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TIDOVEE
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May 19, 2017, 04:41:45 PM |
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I take time to assume the risk of which ever business i want to invest in and fix what wont be more than I can bear.
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Apollo777
Member
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Activity: 98
Merit: 10
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May 21, 2017, 04:51:34 PM |
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Money you can afford to lose. Set it and forget it.
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Malsetid
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May 21, 2017, 05:02:41 PM |
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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 |
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minizi99
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May 21, 2017, 06:00:53 PM |
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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 |
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dothebeats
Legendary
Offline
Activity: 3654
Merit: 1353
CoinPoker.com
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May 21, 2017, 06:40:56 PM |
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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 I've always thought about that when I was just starting myself out in the grim business of day trading. Losing a fraction of my initial deposit already pains me, and the fact that it could be taken away within the day have alarmed me as well back then. I tried to fight off the anxiety and somehow it worked. But there are cases when you can't just help but pull thd trigger whenever you are already at a loss, hoping for massive comeback. Ghat is where it gets messy, and only experience will allow you to not do that stupid thing again out of frustration. |
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youdacapt
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May 21, 2017, 11:10:51 PM |
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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.
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