vestenvinden
Newbie
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Activity: 32
Merit: 0
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December 09, 2017, 04:12:38 PM |
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In the beginning I lost a lot of money on trading, because of decisions based on emotions. It normally happened if I spend too much time looking at charts, so I tried to take breaks and dont spend too much time trading. It helped a lot.
Also as I got more experience, I got more cold. You learn from your mistakes, and you will make mistakes in the beginning.
You also learn there is no quick way to earn money
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cavaBcoin
Member
Offline
Activity: 181
Merit: 12
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December 11, 2017, 12:27:45 PM |
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I personally think that emotion plays an important role in trading especially in crypto-currency. You know if a person who always be in bad mood, he will never does anything perfectly . The same as it, when you have negative emotion you will often make mistakes and don’t get any results you’ve expected.So you should form your own skill for control your emotion. Patience, carefulness, sureness and decision are the only key for you to manage your emotion easily.
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8Habits
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December 11, 2017, 11:05:43 PM |
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I personally think that emotion plays an important role in trading especially in crypto-currency. You know if a person who always be in bad mood, he will never does anything perfectly . The same as it, when you have negative emotion you will often make mistakes and don’t get any results you’ve expected.So you should form your own skill for control your emotion. Patience, carefulness, sureness and decision are the only key for you to manage your emotion easily.
That is really one of the important things in trading that you need to master - controlling your emotion. Emotion is very strong and any event of price going down can really affect you when you are too emotional. There are many ways to control it like doing pre-planned trading and stick to your plan no matter what.
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CowboyKiller
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December 20, 2017, 08:59:21 PM |
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I personally think that emotion plays an important role in trading especially in crypto-currency. You know if a person who always be in bad mood, he will never does anything perfectly . The same as it, when you have negative emotion you will often make mistakes and don’t get any results you’ve expected.So you should form your own skill for control your emotion. Patience, carefulness, sureness and decision are the only key for you to manage your emotion easily.
That is really one of the important things in trading that you need to master - controlling your emotion. Emotion is very strong and any event of price going down can really affect you when you are too emotional. There are many ways to control it like doing pre-planned trading and stick to your plan no matter what. If you can prepare the strategy and plan before trading careful, I am sure you do not have any problem to manage your emotion. Because all things calculated careful and you already to see the next move of the market.
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Lupus Solitarius
Member
Offline
Activity: 273
Merit: 11
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December 20, 2017, 09:06:59 PM |
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It's impossible to get completely rid of emotions; but you can't limit their influence, as if you act under emotional impulse you'll probably will make mistakes. Don't use money you need, and don't think generally about money. It's a video game, This approach helped me a lot.
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Sand King
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December 21, 2017, 02:09:00 AM |
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I manage my emotion really well because if i will not manage my emotion maybe i can not focus on trading and if that will happen maybe i lost more profit, and i manage my emotion very well because i wan to be an expert in trading and i want to make many profit by the help of trading.
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judgememes
Jr. Member
Offline
Activity: 56
Merit: 1
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December 21, 2017, 02:09:27 AM |
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Mostly i drink beer and it brings me back to ground
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maot4
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December 21, 2017, 11:55:25 AM |
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Its easy to get carried away especially with how the market has been rising lately.. I personally just determine what my goal is and stick to it, I.e. am I looking long term or just looking to get a specific profit and move on.. I would say determine what you want and stick to it where possible
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Maslate
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December 21, 2017, 12:46:12 PM |
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Its easy to get carried away especially with how the market has been rising lately.. I personally just determine what my goal is and stick to it, I.e. am I looking long term or just looking to get a specific profit and move on.. I would say determine what you want and stick to it where possible
Manage your emotion well that it will give you a positive output, do not be weak when you are trading because it will lead you to making a wrong decision, also focus on your strategy and not on your emotion. When you loss, you learn from it and then move on, aim for more success and improve every time you made mistakes.
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Bitcoininspace
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December 21, 2017, 12:59:39 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?
It is very bad for a trader and indeed for any businessman to succumb to his emotions. Trading is figures first of all that are not subject to feelings. You should study this question deeper.
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Orino Suimuri
Member
Offline
Activity: 129
Merit: 10
RedTube & Rasputin Party Mansion
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December 21, 2017, 01:50:36 PM |
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Emotions - generally speaking - are strictly tied to uncertainty: if you already know the end (in a movie, a book, a football match) you don't feel any special emotions about the subject. In trading, you can minimize uncertainty with good strategies and methods.
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OPEXDECAPEX
Newbie
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Activity: 61
Merit: 0
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December 21, 2017, 02:45:58 PM |
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It's hard.. I am a relative newbie in trading cryptos only 6 months of experience. The swings are really not what I am used to in traditional trading.
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ngacengan
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December 21, 2017, 03:12:53 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?
I manage my emotions by way of sleep when I get stuck coin at a high price, if I get profit and get profit I just smile to myself. I never again panicked if I saw the price down, because I will hold it until the coin is back up the price.
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crenfrosck
Member
Offline
Activity: 470
Merit: 12
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December 21, 2017, 03:44:28 PM |
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This really depends on the way how do I feel that day. Sometimes I'd hodl even in a major crash and sometimes I can't hodl even for days. This process of discovering yourself is amazing in its specific way. I am battling with borders of area "where it should be" and RL situation in my head.
When you face new things, you can even discover things about your inner you. Is it good or bad? Time will tell.
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===================================================== BILLCRYPT - CREATING HISTORY=====================================================
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Gheka
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December 21, 2017, 04:31:05 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?
I manage my emotions by way of sleep when I get stuck coin at a high price, if I get profit and get profit I just smile to myself. I never again panicked if I saw the price down, because I will hold it until the coin is back up the price. Sleeping is not a way to manage emotions, it's just a way of avoiding when you can not face situations that happen around the market, even you are trading based entirely on luck, you do not have any skill. And you are wasting time when you wait for the price to rise again, you can not determine the price to cut losses, that is really too dangerous, sometimes the price will never rise back to the old price and you will lose a lot of money, so do not choose to go to bed is the way to solve problems. When you clearly understand the nature of the problem, your emotions will never fluctuate, and you want to do this, you need to have the knowledge, experience and ability to analyze the problem
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8Habits
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December 25, 2017, 10:22:43 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?
I manage my emotions by way of sleep when I get stuck coin at a high price, if I get profit and get profit I just smile to myself. I never again panicked if I saw the price down, because I will hold it until the coin is back up the price. Sleeping is not a way to manage emotions, it's just a way of avoiding when you can not face situations that happen around the market, even you are trading based entirely on luck, you do not have any skill. And you are wasting time when you wait for the price to rise again, you can not determine the price to cut losses, that is really too dangerous, sometimes the price will never rise back to the old price and you will lose a lot of money, so do not choose to go to bed is the way to solve problems. When you clearly understand the nature of the problem, your emotions will never fluctuate, and you want to do this, you need to have the knowledge, experience and ability to analyze the problem I think one of the primary ways to manage emotions is to practice to be emotionless and just stick to your plan. For example, if you want to buy at $1 price of a certain coin and target to $5 price to sell it, you just wait patiently and never mind the the present price fluctuation and just wait until it is filled up.
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vectorshield
Newbie
Offline
Activity: 59
Merit: 0
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December 26, 2017, 04:11:36 AM |
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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?
The only way to manage your emotions is to be 100% sure of what you are doing if you are trading emotionally then you are going to buy and sell based in that and you are going to lose money, only trade when the opportunity to make money is very clear.
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Distinctin
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December 26, 2017, 05:38:09 AM |
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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?
The only way to manage your emotions is to be 100% sure of what you are doing if you are trading emotionally then you are going to buy and sell based in that and you are going to lose money, only trade when the opportunity to make money is very clear. You have to accept that you can also lose so you have a chance to improve yourself. In trading it's very important that you should always stick to you game plan, never let your emotion affect your decision making as usually it will lead to loses.
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bitzizzix
Sr. Member
Online
Activity: 2548
Merit: 449
Reward: 10M Sheen (Approx. 5000 BNB) Bounty
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December 26, 2017, 05:39:45 AM |
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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?
All can be overcome the most important must be able to control themselves and always learn from mistakes, in trading or whatever it is with the money or the benefits of emotional properties that must exist. yes the most important one should be able to predict or learn first before acting do calmly and with strong feelings and most importantly before praying to action, good luck and success ..
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Japinat
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December 26, 2017, 07:29:00 AM |
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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?
All can be overcome the most important must be able to control themselves and always learn from mistakes, in trading or whatever it is with the money or the benefits of emotional properties that must exist. yes the most important one should be able to predict or learn first before acting do calmly and with strong feelings and most importantly before praying to action, good luck and success .. Trading can give profit and we can also lose our money, it's important that before we start trading we should be fully equip with the necessary information that would help us improve our chance of success, it's all about betting on our prediction and having a confidence inside of us could help to be successful.
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