Bitcoin Forum
June 22, 2024, 04:30:01 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 23 24 25 26 27 28 29 »
  Print  
Author Topic: How to get rid of emotions when trading  (Read 3872 times)
ironman2014
Member
**
Offline Offline

Activity: 266
Merit: 10

ImmVRse | Disrupting the VR industry


View Profile
August 13, 2018, 05:46:47 PM
 #381

The best way which works for me personally is to consider those as just a game you should not think about those numbers on the screen as you're actually turned or lost money, only money which is earned is the vipers that you're holding in your hands.

LeaderAMB
Member
**
Offline Offline

Activity: 259
Merit: 10


View Profile
August 13, 2018, 11:14:39 PM
 #382

No emotional person ever become profitable in trading. Trading requires discipline and patience which emotions is against. The first step in getting rid of emotion is to realize that two things are inevitable: either you lose or you gain. When the former happens, risk management is the cure and not emotions.
yes it is very difficult to accept defeat and realize that trading risk is part of the risk that must be faced. This emotion always says "I have to get a profit" this may be something that must be resisted.
Emotion is an important part and I can't control it, it's very difficult to get rid of panic when prices fall.
Exactly. Emotion is one of the most important keys, which affects our trading a lot. However, I think that all of us completely can conquer this factor and it depends much on your effort and discipline so that you can control your emotion. Foremost you should have a preparation for a intimate knowledge in order to understand more about trading . The more you comprehend the field, the more you can solve its problem quickly and specifically. Next, setting a limitation for trading and thinking positively. Trying to build experience and skill. Gradually you maybe become professional , then you will easily control your emotion.

Barmalei06
Newbie
*
Offline Offline

Activity: 79
Merit: 0


View Profile
August 13, 2018, 11:18:28 PM
 #383

control over emotions is very important in trade and not everyone can manage emotions. you need to train hard on this.
royalbittinz
Newbie
*
Offline Offline

Activity: 382
Merit: 0


View Profile
August 14, 2018, 01:34:25 AM
 #384

It is difficult to get rid of emotion when trading.
Every human is bound to have emotion but it's how
we deal with it that matters a lot and when it comes
to trading bitcoin and cryptocurrency there are no
exception.

To me, dealing with emotion when trading is to understand
that trading can go side ways and you are aware of that.
Secondly, is that you don't get greed when trading otherwise
your emotion will take the most of your trading and will result
to you losing your trading.

Always know your limit and how much are willing to lose.
Learn from yours and other traders mistakes. Hopeful
these few points will help you deal with emotion when
trading.
Sanitough
Hero Member
*****
Offline Offline

Activity: 2842
Merit: 673


View Profile
August 14, 2018, 02:14:27 AM
 #385

control over emotions is very important in trade and not everyone can manage emotions. you need to train hard on this.
When you are trading consider what you do as a job which aim is to make money or to be profitable in the long run.
We do not use emotions their because most likely this emotion will only lead us to wrong decision making, whales are making the weak hands dump, we should not belong to the weak hands in order to survive in this risky game but rewarding one.
coin_1122
Full Member
***
Offline Offline

Activity: 1134
Merit: 102


View Profile
August 14, 2018, 03:29:44 AM
 #386

It is always good to stay away from the market in order to control the emotions, because when the market is going done we have to keep silent until where the price are going. In this way, we can buy them at very low values in the market.
ufaiz50
Hero Member
*****
Offline Offline

Activity: 1666
Merit: 502



View Profile
August 14, 2018, 04:01:00 AM
 #387

I think emotions are treated in trading and because it is a form of living things that are natural if we have emotions. I read what you wrote but I don't really understand which part you meant to get rid of emotion, because in my opinion the 4 things you wrote were not including emotion rid. Some article writers say fear and greed are things that are a failure in trading, but that depends on how your strategy applies, even though there are still some emotions that can lead you to got profits from trading.

.
..1xBit.com   Super Six..
▄█████████████▄
████████████▀▀▀
█████████████▄
█████████▌▀████
██████████  ▀██
██████████▌   ▀
████████████▄▄
███████████████
███████████████
███████████████
███████████████
███████████████
▀██████████████
███████████████
█████████████▀
█████▀▀       
███▀ ▄███     ▄
██▄▄████▌    ▄█
████████       
████████▌     
█████████    ▐█
██████████   ▐█
███████▀▀   ▄██
███▀   ▄▄▄█████
███ ▄██████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████▀▀▀█
██████████     
███████████▄▄▄█
███████████████
███████████████
███████████████
███████████████
███████████████
         ▄█████
        ▄██████
       ▄███████
      ▄████████
     ▄█████████
    ▄███████
   ▄███████████
  ▄████████████
 ▄█████████████
▄██████████████
  ▀▀███████████
      ▀▀███
████
          ▀▀
          ▄▄██▌
      ▄▄███████
     █████████▀

 ▄██▄▄▀▀██▀▀
▄██████     ▄▄▄
███████   ▄█▄ ▄
▀██████   █  ▀█
 ▀▀▀
    ▀▄▄█▀
▄▄█████▄    ▀▀▀
 ▀████████
   ▀█████▀ ████
      ▀▀▀ █████
          █████
       ▄  █▄▄ █ ▄
     ▀▄██▀▀▀▀▀▀▀▀
      ▀ ▄▄█████▄█▄▄
    ▄ ▄███▀    ▀▀ ▀▀▄
  ▄██▄███▄ ▀▀▀▀▄  ▄▄
  ▄████████▄▄▄▄▄█▄▄▄██
 ████████████▀▀    █ ▐█
██████████████▄ ▄▄▀██▄██
 ▐██████████████    ▄███
  ████▀████████████▄███▀
  ▀█▀  ▐█████████████▀
       ▐████████████▀
       ▀█████▀▀▀ █▀
.
Premier League
LaLiga
Serie A
.
Bundesliga
Ligue 1
Primeira Liga
.
..TAKE PART..
karthcrypt
Member
**
Offline Offline

Activity: 266
Merit: 10

“Revolutionising Marketing and Loyalty”


View Profile
August 14, 2018, 05:26:47 AM
 #388

Practise! Practise Practise!  The more you associate the happenings in cryptocurrency with your emotion of fear,  sadness or happiness,  the more you are control by them! See your trading as numbers and relate with it that way!

equestrianbucking
Newbie
*
Offline Offline

Activity: 81
Merit: 0


View Profile
August 14, 2018, 10:17:30 AM
 #389

It is something that depends on person to person and if you an emotional being then you can’t do much.
Aivaryamal
Full Member
***
Offline Offline

Activity: 1162
Merit: 101



View Profile
August 14, 2018, 10:27:52 AM
 #390

I believe that emotions sometimes do not play a very positive role in trading and they arise when a person does not set certain goals in figures in making a profit and wants more.
Mastsetad
Sr. Member
****
Offline Offline

Activity: 672
Merit: 250



View Profile
August 14, 2018, 02:55:58 PM
 #391

I do agree with the points you are making, but still it is hard to deal with emotions when trading, honestly you have chill more, and not risk everything.
Consistently successful traders understand that emotions are a potential hurdle to overcome, rather than an insurmountable obstacle, They're aware of their emotions by continually asking themselves what is making them want to start or stop an action. If they can't reasonably justify their trading decisions, Then their emotions may be in charge, not in logic.
I think that it is something natural, you can only get some control over your emotion if you have spent a lot of time in trading and got some experience. Most of the people lose their money in trading because of having lose control over their emotion. I myself lost a lot of money because of lose control over my emotions.
Fredomago
Legendary
*
Offline Offline

Activity: 3010
Merit: 1054


Leading Crypto Sports Betting & Casino Platform


View Profile
August 14, 2018, 03:07:11 PM
 #392

I believe that emotions sometimes do not play a very positive role in trading and they arise when a person does not set certain goals in figures in making a profit and wants more.
Not sometimes, but most of the time emotion can place our investment at risk, suffering with stress and fear to lose our money are really affecting our decisions, better to practice yourself and do a lots of research before dealing with trading business, emotionless trading style can make you work around
without having any difficult thinking, you can wait and risk everything if you already knows how to control and you can surely survive in any downfall that showed up eventually inside the market.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
nz_sana
Newbie
*
Offline Offline

Activity: 132
Merit: 0


View Profile
August 14, 2018, 07:24:53 PM
 #393

It is the only reason for losing almost all trader. Should we really lose for this problem again and again? No, We need to find a way to face this problem. How? I think If we make a decision before every trade then can be the win against emotions. For an example. Today I take a decision that if I lose then today isn’t the lucky day for me. Need to stop trade for that day. As a number of trade. I never make more then 2 trade if I make loose.. 
Omega Weapon
Hero Member
*****
Offline Offline

Activity: 1092
Merit: 501


View Profile
August 14, 2018, 08:25:22 PM
 #394

next topic:

"How to get rid of grey hair as a hodler?" lol
While you are saying that as a joke, since I am a holder I have noticed that for the for the first time I got some gray hairs on my head, there is no doubt in my mind that holding bitcoin is making me aging at a faster rate, but it is also making me earning money at a faster rate so it balances out at the end, I just hope that bitcoin reaches my target price soon so I can stop worrying.
Kurokyy
Full Member
***
Offline Offline

Activity: 448
Merit: 100


LETS GO ADAB


View Profile
August 14, 2018, 09:17:39 PM
 #395

The best way which works for me personally is to consider those as just a game you should not think about those numbers on the screen as you're actually turned or lost money, only money which is earned is the vipers that you're holding in your hands.

In my own opinion, most of the people has the problem of trading based on their emotions and not through the market situation so they lose their investments every time the market price is dumping on the market by selling at the lowest price.

ivankoh
Full Member
***
Offline Offline

Activity: 1428
Merit: 120


Sugars.zone | DatingFi - Earn for Posting


View Profile
August 14, 2018, 09:38:22 PM
 #396

It is the only reason for losing almost all trader. Should we really lose for this problem again and again? No, We need to find a way to face this problem. How? I think If we make a decision before every trade then can be the win against emotions. For an example. Today I take a decision that if I lose then today isn’t the lucky day for me. Need to stop trade for that day. As a number of trade. I never make more then 2 trade if I make loose.. 
Emotional trading is not easy, and investors can not learn from anywhere else than in the real world. Uncertainty will make investors lose a lot of money when the market fluctuates. I think that anything can happen in this market so investors should have long-term plans for themselves.

harbin55
Sr. Member
****
Offline Offline

Activity: 615
Merit: 258



View Profile
August 16, 2018, 06:01:37 PM
 #397

For me to get rids from emotions  when trading you must learn how to be professional in this kind of business and separate those emotions about business to prevent from conflicts or problems in business matters.
YoutubeChannel007
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
August 16, 2018, 08:34:18 PM
 #398

No one will be able to teach you that, but you. Make sure to be happy about everything.
churmerpe9
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
August 16, 2018, 09:05:56 PM
 #399

It is human to get emotional about your money but be careful and don’t indulge too much.
heninur
Full Member
***
Offline Offline

Activity: 490
Merit: 100



View Profile
August 17, 2018, 01:11:56 AM
 #400

one way to get rid of emotions when trading so as not to make the wrong decision is that we must have a calm mind and not be greedy, because if we are greedy then we will not be able to think well and do things that are not well thought out because of uncontrolled emotions .

       Telegram ❒◀           █▆▅▃▂    GoWithMi - Mapping the World on Blockchain    ▂▃▅▆█        Whitepaper❒◀
             Twitter❒◀               The world's first complete decentralized location-based services infrastructure            Facebook❒◀
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 23 24 25 26 27 28 29 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!