Bad Psychology of Traders

[taipe_linsi]

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?

When we lose we want to get out to stop the pain and when we win we want to order our profits. You have to deal with a better mental state if you want to achieve great things in crypto trading, investors already have a definite trick to choose and start investing. they are experienced and very jelih to choose to invest

[Nahl]

i think bad psychology dominate by new comer because new comer traders expect the price would not stopping to rise up and buy more at high price but when happened correction price then they will being panic and sold all of their bitcoin because they fear the price would not recover back so even though they will lost then they will take that risk and eventually they will lost all of their money

[Wicked17]

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?

This is a bad habit of a trader, for selling the coins quickly when time of dip to cut their loss. The fact that they will miss the chance to recover their loss when the coin started to pump again. Trading is all about risk taking so if you cant handle your emotions, better not to trade or else a lose will come.

[sana54210]

It is because psychology messes up your head. Traders mindset usually hopes the coin keeps on increasing and would profit from it but does not really dig in deep if the coins they are trading will be profitable in the long run. And when they see the coin dropping, would eventually get out asap because they are afraid to lose all their money.

Any trader that does not think anything can change easily based on fundamentals is not a good trader. Every good trader always plan an exit even before an entry and now getting out when you need to get out is not a crime but getting out in the wrong situation, that is a crime.

Unless you are holder, which apparently makes you not being a trader, you should always have your stop loss in a strategic place that you obviously know the market may end up having a free fall. Trading is not a gambling, it is a profession and people should see it that way.

[KalaiBTC]

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.

The reason why is because there is money involved.

Imagine buying BTC at $20K and see it go to $6K. Unless you are a rich man or had a very small investment, you probably would of sold at a loss also.

Well, should they not have known better how the market is highly volatile before investing and does that mean they will not end up still enjoying the benefit in the long run when market recovers? However, if we are to relate all this into trading, any sane and knowledgeable trader would have known when to get out at the top, and only a crook trader will buy at the top and get emotional to sell at the bottom and go back later to buy at the top again.

[wuvdoll]

I think that one of te most important component of successful trading is psychology. By the term psychology we refer to the state of mind a trader should have while trading.
If we check right now  the situation of the market, I´m totally sure that a lot of people are in a panic state- All of this is going to sell even with losses.

too many fud entering crypto market.so much investor that hold bitcoin or alctoin not in confident.and they prefer hold fiat untill market going stable again.this psychology very very influence.

No smart investor will be stupid enough to keep holding when a trend is changing anyway when they can easily just chill and buy low but some always think it is all about holding. Please, no one should get me wrong; HODLing is fine and as long as you are not a good trader, please always do because that is the safest.

Although for traders, there is what they always look out for in a trade and when that signal shows, the confidence is there to make a trade; either to buy or to sell since they know exactly what they are doing without forgetting to stop any loss in case anything changes fundamentally.

[Digital_Lord]

yes, self-control is crucial to making profit in trading as in any other financial activity.
You can have great skills and knowledge but without self-control they are useless.

We keep saying self-control but the truth is that no one can have self-control if they do not have any knowledge on how to trade and that is where the main issue is always going to set out from.

There is no way emotion will not rush into trading if the person is just busy gambling because in that case, the only thing they are doing at the end of the day is to enter any position and expect luck to take its cause but it is not like that.

[nieninja53]

I think the Psychology of Traders makes their profit and loss emotion will be counted and the best thing is in this condition is control your emotions and keep waiting the market situation and wait the time when market will become in good condition again then sell the coins instead of panic selling in tough time.

[target]

Traders usually sell while the price is going up because they are unsure when the price will drop, this is because its a lot harder to tell when the price will dip down but its easy to tell there is pump going on and easy to ride on it.  Indicators aren't very much helpful when manipulators do their usual manipulation of market price.  Your trading psychology can help you decide right and be profitable.

[upsidedown75]

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.

I think almost all the losses generated will certainly result in the psychic trader, especially if they get big losses? but a great trader certainly can control their emotions when losses and risks occur. and if they can control it I'm sure they can benefit and recover losses.

What differentiates a good trader without emotions and a quack trader with lots of emotion is knowledge. We just have to confess that a lot of traders trading today just felt the market is going to keep fluctuating in one direction and as long as they are buying low, they are safe without knowing that there are some lows that are not necessarily low and they always end up losing big time and making bad decisions as a result of their emotions.

[palle11]

Psychology in terms of trade should be tied to experience because every trade is different from the other. In this regard, we have to build our experience from each trade by understanding the ups, lows and ATH of the market. Again, we need to take away our emotions to trade. This way, we can be better as traders.

[rarkenin]

Psychology is worst and best tool for traders to make speculations on market. Controlling emotions can help traders to accept good trading decisions and make profitable trades.  Believing to FUD can destroy my ROI over long term timeframe. Emotions cant let traders to cut losses or take profit from position.

[hahahafr]

Of course, but most people do not care about their psycho or how they are feeling before trading, they just put funds in there and hope to get some money in return.
I do not agree with this, we all know how bad could this be, specially if you are using "real" money.

Psychology in terms of trade should be tied to experience because every trade is different from the other. In this regard, we have to build our experience from each trade by understanding the ups, lows and ATH of the market. Again, we need to take away our emotions to trade. This way, we can be better as traders.

[nitammys]

Psychology is worst and best tool for traders to make speculations on market. Controlling emotions can help traders to accept good trading decisions and make profitable trades.  Believing to FUD can destroy my ROI over long term timeframe. Emotions cant let traders to cut losses or take profit from position.

How psychology of a trader can be worst and best tool at a same time. In my view, if a trader start listening to his inner thoughts then he may start missing his technical parts. Yes, I mean a trader should focus only on technical parts and definitely not on psychology related things.

[Hotrod_88]

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?

The bad mindset of the trafers is that they always want the profit to come in their wallet as instant as possible but thats not hownit works because it needs time and efforts in order to gain a lot of money in this business. If you are lacking of patience in this thing you will never meet the expectations you ever wanted because you akways want an easy profit but nothing is easy nowadays you need to wait for the right time bedore it will get into you. And always be positive as much as possible

[Leonard2016]

This kind of theory reminded me gambling addicted , when people gamble and gamble again and they lose again , I think it is mostly because they put most of their investments into the market , which is not a good idea in my view , this market is like a jungle and you shouldn't see it as a major source of making money for living!

[EtherATM]

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?

Firstly, i think everybody know that 95% of people who are joining economy market, is loser and only 5% of all are winner. And why will you be lost if you have bad psychology? Bad psychology means you feel afraid and this will prevent you have right decisions buy or sell in the market. With psychological fear you will never buy at the bottom and will soon sell before the market reach peak. My opinion, only new traders who don't have knowledge about the market, have bad psychology during trading.

[gabmen]

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?

The bad mindset of the trafers is that they always want the profit to come in their wallet as instant as possible but thats not hownit works because it needs time and efforts in order to gain a lot of money in this business. If you are lacking of patience in this thing you will never meet the expectations you ever wanted because you akways want an easy profit but nothing is easy nowadays you need to wait for the right time bedore it will get into you. And always be positive as much as possible

Usually a newbie mistake. With experience will come realization that trading isn't something that assures easy and quick money. When the losses pile up and lessons are learned, then this mentality you're talking about will be discarded for a more mature approach to trading.

[raven7886]

because most people don't have the right mind for trading , it is pretty draining on you and time consuming. people think it is easy because they see the volatility on the market. the best traders have a strong mindset and are not scared of losing money , they make decisions on logic and not on emotion.

I don't even call themselves traders are they don't know what to do, they holding something when its worst but when a golden opportunity arrives they will immediately sell when they see something in their portfolio green. You see a trader knows when to enter and when to exit because they have a plan but before that plan they carefully study and analyze charts. What you are calling traders are basically just people looking up recommendations online on what to buy and they will really rely on that information without doing their own research.

I like the point scallywag stated that people think it is easy because they see the volatility in the market and thought to themselves that if I can always buy low and sell high, I will be fine and then they buy low, the market keeps dropping, they do not know what to do since they have no trading knowledge and then they end up selling when they have accrued a huge loss.

Emotion is always bound to set in for those who do not have the knowledge, it is normal even in real life. Bad psychology while trading could be avoided over experience but needs more disciplined plans to be followed consistently.

[SunJAB]

The bad psychology of these traders is the psychological instability, not calm before the sudden situation (such as market fluctuations in the direction of reduction). Traders are either psychologically scared, or not expected. This, really easily leads to unwanted risks. Instead of finding a profit in the bitcoin business, they carry with them the bad psychology that leads to business losses. Please be calm!