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Author Topic: Emotional day trading  (Read 2243 times)
udayantha11 (OP)
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2023 would most likely be as bearish as 2022


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July 06, 2018, 02:01:45 AM
 #1

Do not do emotional day trading.

I have lost nearly 1500$  over one night.  we think this is the best coin for day trading seeing only the chart increment percentage.  then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.

we all need universal power and cyclist of Everything
-2023 would most likely be as bearish as 2022-
=BTC will make it, but might be a long winter=

Stronger the storm, brighter the rainbow
CuriousGeorge
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KUWA.ai


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July 06, 2018, 02:17:19 AM
 #2

Do not do emotional day trading.

I have lost nearly 1500$  over one night.  we think this is the best coin for day trading seeing only the chart increment percentage.  then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.
I have done the same thing with you but i will always try to go out as fast as possible when i was achieving some profits. Don't be a greedy person or you will be lost more than what you have been getting from your daily trade activity. The daily trade is so difficult

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pokerjet
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July 06, 2018, 03:47:06 AM
 #3

I'm sad for your loss, i hope you can win more. There is no place for to be emotional in the crypto trade, because the day trading risk rate is too extreme, so to the losses are also happening at large.
udayantha11 (OP)
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2023 would most likely be as bearish as 2022


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July 06, 2018, 04:11:46 AM
 #4

I'm sad for your loss, i hope you can win more. There is no place for to be emotional in the crypto trade, because the day trading risk rate is too extreme, so to the losses are also happening at large.


There is no chance to day trading. Its a kind of luck some times. But be ready future. I not defeated

we all need universal power and cyclist of Everything
-2023 would most likely be as bearish as 2022-
=BTC will make it, but might be a long winter=

Stronger the storm, brighter the rainbow
Andruha1993
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July 06, 2018, 06:14:41 AM
 #5

1.5к $ This is a serious loss. I do not envy you, but I very much regret your grief. But do not worry, next time you will be smarter and do not make such a mistake. In this case, do not give in to emotions.
LankaJay
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July 06, 2018, 08:49:30 AM
 #6

A trader need 20% knowledge and 80% of ability to control their emotions. If a trader can't control his emotions while trading then he will never be a successful trader.
tuikindu01
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July 06, 2018, 08:56:35 AM
 #7

Emotional trading will only cost you money. I have the same experience as you.

So whether it's day trading or long-term holding, we have to control our attitude, and only a good attitude can make us more profitable.
TechComputer
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July 06, 2018, 08:58:40 AM
 #8

Lesson learned:
Don't do any trade in a day while you upset.
Tone147
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July 06, 2018, 09:00:20 AM
 #9

Yes, day trading requires a lot of skill, so if you can't get over your emotional ups and downs, I recommend against day trading.
So long-term holding is a good way to make a profit.

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Currencyguide
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July 07, 2018, 07:01:34 PM
 #10

One need to be very careful and mentally stable while they are trading so don't do any kinds of trading while you are on bad mood, this mistake can cost you money and more disappointment .a positive attitude is very important a successful trading.
poornamelessme
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July 07, 2018, 07:07:02 PM
 #11

Day trading is hard enough as it is. Half the time I can't even do non-emotional day trading that great.
jamesbtcearn
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July 08, 2018, 10:20:46 AM
 #12

There are chances that the market will recover from the dip by the end of this year according to the analytics. We need to be patient and hold on to our coins, wait and see the market to hit a bull run. Being hasty will cause more loss for the people.
X-ray
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July 08, 2018, 10:36:10 AM
 #13

There are chances that the market will recover from the dip by the end of this year according to the analytics. We need to be patient and hold on to our coins, wait and see the market to hit a bull run. Being hasty will cause more loss for the people.
The market has been trying to recover from the dip or bottom. But i guess that needs a lot of effort to create FOMO to the crypto market. the time will come very soon. A little bullish signal has already appeared in the bitcoin chart and i will believe we will see another bullish trend again in the next month.

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July 08, 2018, 10:45:23 AM
 #14

Day trading will always consist of wins and loses and if you get your emotions evolve to it then you will surely loss all your money. Day trading requires calculated risks and following specific rules and if you cannot follow it then you should not do day trading at all as you will only loss and in every trade that you do.

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bellamente
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July 08, 2018, 10:50:15 AM
 #15

Emotions and trade in cryptocurrency are incompatible things.
For trade, you need a cold head and experience. You need to read the latest news to understand the market of cryptocurrency

agustina2
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July 08, 2018, 06:11:08 PM
 #16

Do not do emotional day trading.

I have lost nearly 1500$  over one night.  we think this is the best coin for day trading seeing only the chart increment percentage.  then thats emotional only , no statistical investigation or research. if you do not know day please avoid from it. its better.

It's part of the trading journey so I don't see any wrong with that. It will be wrong if after experiencing lots of mistakes, still a trader didn't learned.

There are even people who losses more than that in just a matter of short time. What matters here, in every  mistakes, you are learning something out of it so that you will avoid such scenario in your future trade.

Just move forward and trust your own strategy.

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July 08, 2018, 06:12:33 PM
 #17

Unless you are some sort of experienced veteran day to day trading, then you are prone to loose money. Need to hold emotional intelligence and act diligently.
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July 08, 2018, 06:16:44 PM
 #18

I used day trading - I lost a lot of money. Now I make 1-2 transactions a month and earn more. In trading you can not be nervous
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July 09, 2018, 05:22:35 AM
 #19

That is really sad. For this, I avoid this charts. Most of them have no valid references and just make a chart which can be wrong and lead many to take wrong decisions. I am sorry for your loss.
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July 09, 2018, 05:44:37 AM
 #20

you shouldn't report the "amount" you lose but instead the "percentage" that you lose because saying you lost $1500 doesn't mean anything. you may have been trading with $1600 and lost $1500 of it or you may have been trading with $15000000 and lost $1500 of it. there is a big difference between these two! the first one shows you are not a trader but a gambler who lost money and the second one shows that you had a small loss which is a normal thing in trading.

anyways, in case of day trading like any other form of trading you have to know what you are doing. the choices are just as important as any other trade you make.  and in case of day trading you should be on top of your orders not set and go away. you should know what to do  when the market turns against you, how to handle it, when to handle it (aka when to sell when to wait and when to buy). most people do it randomly like they are gambling and call that "day trading"!!!

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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