ivrynx
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April 27, 2018, 11:25:05 AM |
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For you to handle your emotions, first make sure that waht you invest, is the extra money that you have, make sure that it is something that you could afford to loose, a lot of beginners makes this mistake, they invest money that they can't afford to loose, thus when the market goes down, they also go down or sometimes commit suicide, the reason is that they forget to make a plan that will save them once the market goes down, and all their life ssvings are placed in the market, this mistake will make you very emotional, since you will have regrets, if the market falls and forget the exit plan that you created, if you are not that disciplined, you will end up relying more in the market, rather than judt making the market an extra income for you, those who solely rely now in the market for compensation, are those who had invested earlier, thus they haveenough gains, eeven if the market goes down, they are secured. Avoid this mistake and for sure, you will see the market in a different way and will be more objective rsther being subjective, in which your emotions will always take over.
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entrepmind23
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April 27, 2018, 11:44:24 AM |
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Hello guys please can we share our views on how to handle one emotions better especially when crypto market goes up and down to avoid selling token cheaply. You can handle it by having a trading plan always. Although you can just choose to hold your coin just like the majority when the coin is going down, you can have the opportunity to sell it higher in price so that you can buy lower. If you choose the high volume coins then there is not that much volatility compared to low volume that are prone to pump and dump. If you set your stop loss around 10% or 15% and the coin continue to go lower and if you didn't sold it earlier then you would have lose 50%. You can now buy more of the coin because you have a trading plan. You cannot avoid to be emotional when trading especially if you are a newbie but through experience you will get through it. Do not be afraid to lose because you will learn more from it.
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moneyangel
Member
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Activity: 336
Merit: 10
W12 – Blockchain protocol
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April 27, 2018, 11:45:58 AM |
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Hello guys please can we share our views on how to handle one emotions better especially when crypto market goes up and down to avoid selling token cheaply. Emotions will be your enemy in dealing crypto currency investments. If you trust your investments that it will be profitable then no need to worry if the price drops as that is normal. So you need to prefer yourself on this situation and divert your time to go out with friends and temporarily forget your investments.
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kulakvlad
Member
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Activity: 294
Merit: 10
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April 27, 2018, 02:19:09 PM |
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Everyone is different, some will never be able to handle emotions. Some people are born with this ability.
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light22man
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April 27, 2018, 02:25:07 PM |
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Don't invest money which you cannot afford to lose and everything be fine. I'm always say goodbye to money which I invest in cryptocurrency and sleep well.
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yhoga45
Member
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Activity: 294
Merit: 13
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April 27, 2018, 02:31:36 PM |
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Just doing activity like when you haven't meet the crypto world. Try to open your investment at least in a month, if you haven't earn yet you can wait again and this is called "patient". For me, I'm just enjoyed with my bounty campaign, trying to make money with it, and of course my reward also for investment. If you believe that coins have you bought my suggestion is just wait
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LGD2Business
Legendary
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Activity: 2660
Merit: 1555
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April 27, 2018, 02:40:34 PM |
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If you can't handle the pressure then; 1-don't buy crypto 2-don't buy minor coins 3-don't trade for short term 4-just buy and forget, you will make money on long term. These are your options. Which route will you go now, decide.
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[/tabl
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xXLimbXx
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April 27, 2018, 03:52:04 PM |
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I would say uninstall all crypto apps and stop checking your portfolio. If you just wanna HODL then also consider evading any crypto related news for some time
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Nicol3
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April 27, 2018, 04:10:52 PM |
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What I do is I set my coins a sell order and won’t change it. Oh and I make sure the coins I sell which are still cheap have the possibility of growing its demand and supply amy e a couple percentage on that span of time I set them in sell order. And most of the time, I just wont check my portfolio and hodl until it turns green back again.
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Victorycoin
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April 27, 2018, 04:25:41 PM |
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Hello guys please can we share our views on how to handle one emotions better especially when crypto market goes up and down to avoid selling token cheaply. This is the hardest thing in this market. Psychology decides it all. If you are calm and do not panic you will be rich in this market but it is hard to do that, I am a holder and I do not often see the price of the market. So when prices go up or down I do not care. I only sell when I reach the goal One thing is missing out in your argument above and is that without a good entry point, you might having to wait for a long while before the open order turns green, if it ever does and that would also imply a huge exposure to the market, which is a terror and a reason some traders ends up buying high and selling low. With trading tools like Bollinger Bands, a trader can always ascertain the predominant market trend using the high time frames and then stepping down to the lower frame for spotting good entry points in the direction of the confirmed trend. The lower and upper bands of the higher time frames are famous for spotting market reversals.
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hamdun
Newbie
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Activity: 144
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April 27, 2018, 04:42:01 PM |
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Hello guys please can we share our views on how to handle one emotions better especially when crypto market goes up and down to avoid selling token cheaply. You have to believe in what you hold that will give you an advantage. The rise and fall of the price of crypto is a normal thing so you do not quickly become panic sellers, be patient the market will gradually stabilize.
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MoonJeina
Sr. Member
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Activity: 652
Merit: 250
Make winning bets on sports with Sportsbet.io!
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April 27, 2018, 04:43:41 PM |
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Well , the most easiest way will be not checking the wallet and coinmarket . What else can be a better way to stop that adrenaline rushing inside you . You really need patience to stay in this business because trust me any sort of panic has never given any profit . Regrets are meant to be felt after such panics . If whole market is going down , than there must be no fear because it will recover again . But if only a particular coin is going down than you better stress about it.
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cellanadalam
Newbie
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Activity: 99
Merit: 0
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April 27, 2018, 05:00:44 PM |
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first, you need the target to selling your asset, just don't try to be greedy perhaps put 10%-20% for the target. just remember don't sell your asset when you loss your money.
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Idrisu
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April 27, 2018, 05:14:41 PM |
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Handling your emotions during upward price movement is very important in other to be able to trade successful. Bitcoin trading is a very risky venture and putting your money into it is very risky. Therefore it involves emotions specially if the price is going against your position and if it is going in your favor you may be worried to sell it. I always have my trading plan before investing into any assets.
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Doovla
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April 27, 2018, 07:21:33 PM |
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When investing, always listen your gut its the right thing to do. Patience will give you good profits. Non-stop looking at falls of your crypto will not help you a bit ,just to make you nervous.
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usmanov123
Full Member
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Activity: 434
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Chikuntv
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April 27, 2018, 07:22:56 PM |
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1) Dont put more than you can afford to lose 2) DYOR 3) Always learn
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PancherBitCoin
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April 27, 2018, 08:58:31 PM |
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When investing, always listen your gut its the right thing to do. Patience will give you good profits. Non-stop looking at falls of your crypto will not help you a bit ,just to make you nervous. Of course, if you have invested in real-world funds in the crypto currency, then you have something to worry about. But I am amateurs have already sold both cars and a house, only in order to buy a crypto currency. I consider this to be utter recklessness. But basically, you need to restrain your emotions and Do not do stupid things.
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contactmike1
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April 27, 2018, 09:34:44 PM |
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I so often reload Coinmarket cap web pages as well as Blockfolio, so I also don't know how to cope with it. My thought is that just forget about your portfolio for certain period of time. Only by doing this you can catch big movement
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linbo
Jr. Member
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Activity: 133
Merit: 1
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April 28, 2018, 01:46:09 PM |
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I'm not going to sell my tokens, either go up or go to zero.
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wangli370404
Jr. Member
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Activity: 131
Merit: 1
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April 28, 2018, 02:20:21 PM |
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If there is nothing to share, it goes up and sells. What do you do, my friend?
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