btcone111
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November 15, 2017, 07:24:52 PM |
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I suggest setting target and plan before you start. Then once you started, do what you hv planned regardless of what you feel at that moment. Review your performance from time to time. Good luck!
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Babyjamz3026
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November 15, 2017, 07:42:37 PM |
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I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? It is a matter of self-discipline and self-control If we do not apply this in doing trade no wonder that in the end we can wreck in our investment. Mostly, they've became controlled their emotions if the price value is dropping which is not suppose to be worry.
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Brama Jasa
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November 16, 2017, 01:50:56 AM |
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I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? it seems you are not trading but you invest all coin, trading it in a short time, so you can anticipate the risk of loss ,, in trading there is profit and there is a loss, to anticipate the loss, you have to think about what price you sell when the price drops , of course you experience a loss but not so great,
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Japinat
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November 16, 2017, 03:30:27 AM |
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I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? it seems you are not trading but you invest all coin, trading it in a short time, so you can anticipate the risk of loss ,, in trading there is profit and there is a loss, to anticipate the loss, you have to think about what price you sell when the price drops , of course you experience a loss but not so great, It's definitely like a gambling, you need to monitor the price constantly to make the right timing of buying or selling. Since we are in the crypto world, the news and the speculation is also vital for our success because it's the basis for our decision making, it's easy to say that trading is profitable but we will be tested once we are already in the real situation.
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jostorres
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November 16, 2017, 05:50:05 AM |
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Once you invested in bitcoins or Alt coins, you have to be patient. There is a big chance that the price will rise in the future.
I don’t know about altcoins because they are most of the times a big disappoint for the investors but as far as bitcoin is concerned about staying patient, bitcoin is worth of it. This is the only coin which really pays the investors off for being patient and that too in large amounts. Bitcoin is the father of digital currencies in all regards and I am pretty sure that it is going to make more people rich who are still patient with it.
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Osarman
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November 16, 2017, 06:56:10 AM |
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I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? before trading should know which market is good and what a good coin so do not go trading without reading the market if the price falls better patiently and wait do not emotion, refresh your mind, take a breath and calm Yes this is problem with all of those who have started to tread with the altcoins. But please do not lose hope. The first step to be taken is that you should stop trading at once and do that sort of work which suits you best for recovering the loses via earning and has lesser risk. On the other hand, you must not sell your all of the coins as the price would definitely rise after the downfall of Btcs.
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giarised
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November 16, 2017, 12:22:43 PM |
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Patience is the key for you to survive this situation about alts.they are so deep now.and bitcoin is so high.but what matters is we must realize that alts has time to explode to have high value.so just wait enjoy the crypto and dont be frustrated.
Yes you need to have patience but you also need to have the right mentality and control over your emotions. Yes it can be emotionally frustrating to see the price of the coin that you've invested drop but like what I said, you need to be emotionally strong and not get affected by these changes. You need to patient enough to see if it can still recover back or if you really have no choice but to accept your losses and sell it in that price. It is not difficult at all for one to control his emotions .actually the thing that matters a lot is to have firm belief in the coins that you hold. This is because if you are worried about the stability or future, then you would wither stop trading at once during crucial times or sell your cons at low prices. Both of the situations lead to an early loss. Therefore at the beginner level one should use low valued coins for trading and hence move to the higher ones steadily so that he would not face stress situations.
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sana54210
Legendary
Offline
Activity: 3290
Merit: 1128
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November 16, 2017, 12:40:04 PM |
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I guess experiencing a loss is normal and every trader had gone that. Just keep in your mind that before you can earn more you should learn first, it's a part of the learning process. And when you already feel down, think and remember your main goal, focus on. And don't dwell on your loss, check and try to see another altcoin.
There is no trader that does not experience loss and even pro traders do. How they quickly manage that is what makes them pro. It is not every time analysis works and most times they will just decide to do whatever they feel like doing, which is why you should always have an exit point right from the start. Emotion will never help and they will even worsen the situation making one to make bad decisions but as long as you are knowledgeable, you understand your style, and you know what you are investing, emotion should be the last thing.
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Owillz
Member
Offline
Activity: 532
Merit: 10
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November 16, 2017, 02:19:05 PM |
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emotional control? Trade demo so much to get the feeling and that will help you secure the real trade
with all due respect, i disagree with this. There is always a big difference between a real account and demo account feeling. No matter how long you trade a demo account when you go live you will have a different mindset entirely.
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yanlap
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November 16, 2017, 05:36:14 PM |
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some times you need to loss your coin, before you lost more. but before you cut lose you need to know about that coin and do some research about it, what makes that coin drop, why some people sell all their coin and something else, after that you can make a conclusion about what will you do? will you sell it or hold it
Yeah it is the most right time to invest the money and the profit will be high if you will buy the bitcoin and the investment. It will give a lot of the people the best return and the income of the bitcoin will help a lot of the money. Everyone lose the emotion when they look at the high demand and the huge profit of the bitcoin, the price is high and it is the main reason of high price and the best investment in the bitcoin.
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rocketbits
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November 18, 2017, 02:52:54 PM |
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make list of rules, write them down, put then in front of monitor. every time you trade, read those rules before you make any decision. every time you make a decision because of your emotion and you failed, write that mistake on same paper.
Agreed. That's basically what I had to do. Come up with your own rules and stick to them and you'll sleep much better at night, even on bad trades. Exactly! The thing is it is natural phenomenon that you get worried at the time when you suffer some loss and you get panic. The best practice which can help you in remaining patient even in tough conditions is to make yourself understand this thing that there is nothing fruitful which you’ll be getting in return if you will lose control over your emotions. In fact, you are going to lose what all you are having by doing so.
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alan2here
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November 18, 2017, 03:55:35 PM |
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make list of rules, write them down, put then in front of monitor. every time you trade, read those rules before you make any decision. every time you make a decision because of your emotion and you failed, write that mistake on same paper.
Agreed. That's basically what I had to do. Come up with your own rules and stick to them and you'll sleep much better at night, even on bad trades. Exactly! The thing is it is natural phenomenon that you get worried at the time when you suffer some loss and you get panic. The best practice which can help you in remaining patient even in tough conditions is to make yourself understand this thing that there is nothing fruitful which you’ll be getting in return if you will lose control over your emotions. In fact, you are going to lose what all you are having by doing so. Yup. It is difficult to control emotions when trading because we will have a bad feeling every time the price drops and I think people should have a good plan every trading and should stop thinking when prices fall.
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dimonstration
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November 18, 2017, 04:00:31 PM |
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I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? Hello hridoyb i can feel your emotion about trading and i am lightly victim about this virus as well. whenever i take decision to do start trading than i was looser there due to my emotional steps. but i am overcome from there now a day...finally if i will success i will share with you. Its good thing that you already overcome and learned from your mistakes with your previous trade. I hope you will be successful in your next trade and you will soon be a good trader. having overcome and being learned with some mistake that you have done for with your previous action may help on you to become a good trader because you experience for it that for the next time that you can face again that situation you will know for what you should and must gonna do , and for that you cant even know that you can now control your fear and emotion while in trading.
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sandos
Sr. Member
Offline
Activity: 440
Merit: 250
#SWGT CERTIK Audited
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November 18, 2017, 04:49:06 PM |
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Before you make decision, you should ask some expert in this forum. They will help you. Don't panic sell
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PORN_coin
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November 18, 2017, 04:51:19 PM |
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if it is a question of trading then everything is simple you either do short trades or a transaction
and if long then exhibit a stop-loss order and be calm
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DevilSlayer
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November 18, 2017, 05:25:58 PM |
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I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? I am sure that you have also trouble in controlling emotion like me! There is a time that I lose my money on trading because I can't control my emotion. My advise to you is to stay positive all the time for you to control your emotion.
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Aizhen05
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November 18, 2017, 05:31:43 PM |
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I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? I am sure that you have also trouble in controlling emotion like me! There is a time that I lose my money on trading because I can't control my emotion. My advise to you is to stay positive all the time for you to control your emotion. and also make your self calm while on trading this is more better , being think in a positive way and also you are not easily panic if the price goes down at first it is hard to control but if you may see some of your looses it will help you to think know for the best thing to do.
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voztata
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November 19, 2017, 08:09:44 AM |
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I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? at first you ask about emotion,and now your mind.its a teo different thing.. But it seems like your doing good because the alta is still on hold.so my advice is just hold on the coin.have faith on alta.this may took another long but im pretty sure that alta can recover.i have friends that holding alta too Lol 😂 I saw that too, was like how could he ask how to control emotions on subject and now talks a different thing by asking how to control his mind and altcoins. If you’re looking for a way to control your emotions when you encounter a loss in trading is simple, all you just have to do is accept the fact that it’s trading and everyone is entitled to loss. I believe that can help you.
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expert4knowledge
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November 19, 2017, 08:12:42 AM |
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Go to vacations, have a life, that's the best way to support the famous gange
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valisa
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November 19, 2017, 08:17:00 AM |
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I am still learning how to control my emotions if trading, because I still can not control my emotions so I often misstep in making a decision to sell or buy, because only a few months I learned to trade in the market.
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