Bad Psychology of Traders

[Cryptovirtuosity]

Well, humans have generally a bad psychology, and traders are just...human.
When you make mistake, when you're facing a los, wheh you are unsure about what to do... well, everyone has problems.
So, accept the idea and learn to cope with this kind of emotions.

[Magnum Cryptopus]

We can't make so broad generalizations: of course some traders have a bad psychology, but others don't.
So it's something tied with the individual, not with profession.

[Oilacris]

Why most of Traders have bad psychology of trading they keep lose more and more and can lost his account and they left quickly when operations is winning?

I think they get easily hyped by another coin that are recently talked coin that is going to rise this year and they immediately sell the old ones without thinking because no one has ever talked about it.

Lack of information and knowledge, things is much better if you have a lots of knowledge inside this business, wrong assessment , bad timings are the common thing that traders loses  their money, buy when hype already at the peak sell when corrections are just ongoing, wrong interpretation because
of less ideas, to avoid such things better to keep reading and keep trying to improve more of your capabilities.

You can’t drop one factor out of the box because for every other trader, there comes different factors that suits them. Like some traders mostly get panicked whenever prices start disturbing the lines so for them, yes panicking is the worst mistake they do. They can’t control their own mind at that time and ultimately everything would be sucked. For some others, losing basic knowledge is problem.

I dont even believe that professional traders wont already experience panic into some scenarios in the market.Even myself on how many years of trading i do still feel panic and coming to a point on where you cant able to make right decisions into a particular situation or scenario.This thing is very normal but as a pro high chances that facing these problems can be handled or already just a usual stuff for you.

[The Crypto of the Opera]

Trading is a very stressful activity, and it's inevitable that sometimes emotion take over.

[shield132]

It's easy to review everything when you look from outside. Even maybe more than 90% knows that they don't have to act like that in difficult situations and keep calm but we aren't robots and all those emotions and our personality makes trading extreme a little bit and I think that's normal. Also for profit and loss, there is a need of both, good and bad traders. If everyone is good, then there will be no trader.

[chickenado]

Why most of Traders have bad psychology of trading they keep lose more and more and can lost his account and they left quickly when operations is winning?

I think they get easily hyped by another coin that are recently talked coin that is going to rise this year and they immediately sell the old ones without thinking because no one has ever talked about it.

Lack of information and knowledge, things is much better if you have a lots of knowledge inside this business, wrong assessment , bad timings are the common thing that traders loses  their money, buy when hype already at the peak sell when corrections are just ongoing, wrong interpretation because
of less ideas, to avoid such things better to keep reading and keep trying to improve more of your capabilities.

That lack of informations and proper resources of what's happening with the coins community, specially when you're holding huge amounts of an altcoins could possibly lead to panic on traders. I think being informative right now is a good choice to do like having updates on that coin community, for an example of the most popular of today's telegram communication. You can really gather more updates on how the coin went through, so you can build up such confidence by the time you started to have bad psychology.

[Onurb]

The real problem is that it's simple to talk about psychology when you are not in the action.
But when you see money that disappears, or you lose a big occasion, it's very difficult to master your own emotions.

[myworkstrade]

This is all about emotions when trading factos affetcting trading is when you lose some trades and when you won a trade then you not set your target profits so greediness is in there and if you lose your trade revenge trading is there. It is important to have a discipline, patience when trading and always be calm know your plan and respect all the target profit and your cutloss or stoploss to avoid more damage on your part. Good luck

[Rosscy]

I don't see losing as bad habit, because it could be good experience to improve your trading skill. Take a time to answer about 'what did i do wrong' that makes your much losing rather than making profit. Some of traders including me still taking prior position based news announcement to makes decision or market trend, sometimes this is doesn't matter but the traders should be follow his intuition.

 

[reganvegan]

It is the psychology but more importantly it is the emotions that get the best of us. This happens in every facet of life and trading is no different. When we lose we want to get out to stop the pain and when we win we want to book our profits. You must get a better mental state if wanting to achieve big things at trading cryptos imo!

I wonder if that means psychopaths are better at trading? If one didn't have the full emotional range, would that make them better at keeping emotion out of trades? I guess they may have higher tolerance to risk, too, which could work in their favour or against them...

[herurist]

Why most of Traders have bad psychology of trading they keep lose more and more and can lost his account and they left quickly when operations is winning?

Every one have bad habits, that's natural and reality we should accept it as human being. People will say greedy, fear, too sure and etc but I can say loss only happen when you ignore/ not obey your strategy. The reason can be different but that's the point, repeat same mistakes all the time. Keep fighting to find what the best solution for our bad habits and good luck to you.

[clarkt]

The mental strength of a trader is more important than never ending information on TA or other tools telling you your position of loss or gain.  These positions are never permanent,  they are constantly moving.  A trader must know what He/She want and stay by it.

[Ryanpogi]

The worst psychology in trading is that there are many hackers and scammers. maybe these bad psychology will disappear ... so you do not have traders ..

[silent2]

I would say that not a bad psychology but a bad attitude to what they do, what a good trader was not, he will not be able to predict what the situation will be on the market, whatever happens. they get experience, the main thing is to realize it, and their mistakes, in order not to do them in the future)

[wuvdoll]

I think it's not a psychological problem but the problem is impatience in making decisions, selling or buying

Emotions should be set aside when doing the trading. I really wonder why is it called psychological problem while the only problem is that they don't stay rational and didn't stick with their plan. Maybe that trader you are referring to were the one's who aren't that focus and let disturbs their action plan.

Emotion is a strong inhibitor to success when it comes to trading and the craziest thing is that if you do not have trading skills or knowledge, there is just absolutely no way you emotion will not come into play.

We focus on not getting emotional too much and some people take it the wrong way, end up doing rubbish, enter a position, curtail their emotion and then keep holding until they have lost too much. That is exactly what having no idea about something ends up doing to someone.

[brightLIFE]

Why most of Traders have bad psychology of trading they keep lose more and more and can lost his account and they left quickly when operations is winning?

Well, in my own opinion they are not perfectly give up when their winning stage starts. It's just only a matter time, we need to spend patience in order to win the game. In trading time is very important, we need to wait because it's really worth the wait.

[royale143]

It is the psychology but more importantly it is the emotions that get the best of us. This happens in every facet of life and trading is no different. When we lose we want to get out to stop the pain and when we win we want to book our profits. You must get a better mental state if wanting to achieve big things at trading cryptos imo!

That's right; I agree. I think anyone who losses a lot would want to quickly get back to it to somehow get what they lost. And that's why most traders lose on trades because they do not think their moves through, instead of actually stopping and checking out what caused the losses, what they do is get back on it as quick as possible, which usually ends up with a loss. I know it's difficult to just move on from a loss, especially since it's not my money that's on the line; however, it's critical for a trader to be careful with all his moves to avoid losing because the trade market presents a lot of avenues to lose your capital.

[Xising]

Why most of Traders have bad psychology of trading they keep lose more and more and can lost his account and they left quickly when operations is winning?

I think every aspect that could help in making good trades must be considered. Whether its the psychology or the emotions that a person feels whether he's winning or losing is always critical. It's because how a person reacts after a loss or a win would make or break how his investment would go. For those who are trigger happy and do not think of the consequences of their actions, especially after a loss, would surely result to them not having the chance to get their losses back. It's better to think things through instead of acting out without even a thought.

[anzhanbei1214068]

To win the deal, traders manage their emotions all the time, and the psychological impact can influence your trading decisions to a large extent. As a trader, you have to be fully aware of the impact of your emotions on your daily trading activities and find good ways to deal with them.

Find a trading strategy that you're used to, and I usually stop after three consecutive failed trades. The next day, if I still fail, I won't trade for the next two or three days. There is also a situation where I will stop trading, which is when I have reached my goal of the day or week. Because overconfidence can easily lead you to not stick to your principles. These are the rules I set for myself, and I often reflect on my emotions.

[Sword555]

traders manage their emotions all the time  - Yes and remember if you a very emotion person then trading is not for you , better to work somewhere else . Because one time emotion will make big mistake with you and you will loose a lot.