Emotional day trading

[Sarisang]

such a thing under these circumstances will only leave the loss only. If it is better able to withstand and be patient for a long time when in order to get bigger results. in a State that often falls like this would be very difficult if only hope in one day only. need a lot of consideration and analysis for this.

[Betwrong]

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.

Thanks for sharing your experience! $1,500 is a big loss and I presume you were dealing with at least $5,000 worth of altcoins during that day. Not everyone can afford playing with such amounts, most people don't have such money in the first place. So, maybe, losing $1,500 is not a big deal for you, but nevertheless I suggest you to trade with much smaller amounts. Thus you will be able to afford even a kind of an emotional day trading you are talkng about, which is hard to avoid at all times because nobody is immune to sudden emotions.

It's not a good idea to daily trading when you're emotional enough because it can distruct your decision making and it can also lead us to losses of coin , if you're emotional on that day better to keep away your gadgets and initiate this technology better to wait the right time.

That's what emotions do to us, they make us act unwisely. It's already too late for deciding to not act when you are already emotional. Since this can happen to anyone we should be ready beforehand. To avoid losing big amounts you shouldn't risk them in the first place. You shouldn't deposit more than you can afford to lose on a trading platform. Thus, even if you get emotional you are guaranteed against loss of big amounts. IMO there is no use in advice to stop acting and wait while you are emotional, because it is not feasible to perform that.

[gokusenpai0302]

Day trading is hard enough as it is. Half the time I can't even do non-emotional day trading that great.

I agree with you mate, but I highly suggest to him if he can, he should hire an experienced trader that would do the job for him in order to avoid huge losses in the future. There are many investors who do this, they hire professional traders to manage their investments and get compensated, simply because they have the skills to trade.

[SamboNZ]

I guess it's part of your life to experience a bad situation, at least you learned and gain experience. Sometimes even skilled or experienced day traders deal with this kind of stuff.

[Danilotot]

For the sake of trading today because the market has fallen. It's just a good hold, the time will come when the market will be good.

[carrigan]

This is the fact who feared. When we do day trading, of course there will be many chances of that happening in a short time. This of course affects the condition of everyone's emotions. Moreover, if we have an emotionally unstable. Then I think it would be very dangerous. Then for the emotional thing does indeed need to be trained to do day trading.

[hsdjdyt]

I am sorry to hear this news. As a trader, after you have a clear understanding of the knowledge in this field, what you need to do is self-control. The ups and downs of the encryption market are happening every day. What we have to do at this time is to keep calm and wait. The right time, only good attitude can make us profit

[triciaa478]

Day trading shouldn't be  entertain without a clear strategy in place. Been knowledgeable and paper trading over several times should be the foundation of day trading while eliminating all emotions from your trades.

[SeXy]

Emotional trading faculty just bill you almighty buck. I accept the aforesaid patience as you. So if it's day after day trading or long-term retentive, we accept to control our attitude, and just a capital attitude can flood us more profitable.

[Crypdon]

It's a lot of money to lose, but then it depends on how much you actually put in. If it's a small percentage of you holdings then you can make it back at the next bull run. Just remember not to get too emotionally attached to certain coins in order to succeed.

[jerrison]

the trading has been a great experience as the experience gathered was helpful in the making money part of the transaction but i think i prefer the daily emotional trading more than any other

[CryptoAssasin]

I understand how where you are coming. Are you trading 100% of your funds to only one altcoin by chance? That also happens to me before where i also lost over 30% of my funds because of focusing on only 1 altcoin and dont even bother saving some funds for buy backs. We only have to trade 20% of our funds when in day trading then 80% must be reserve for buy backs.

[onaiwusun]

Emotions should not have any place in trading, it clouds your sense of judgement, Sorry for your losses.Unless you are very skilled , try and avoid using leverage position,pumps and dumps etc.

[niteroy]

Yes, it's actually not pleasant. I noticed that many people, even those who have trading experience, can lose part of their funds, because the movement of the Bitcoin price is difficult to determine with a greater degree of probability. Sometimes it seems to me that large players are deliberately playing against technical analysis by earning large sums on small players.

[automatikal]

I have lost a lot ,not having the patience .Sold faster than needed. Be more careful ,and patient.

[ooeygooeygold]

For the sake of trading today because the market has fallen. It's just a good hold, the time will come when the market will be good.

In a time of constant market fluctuations, keeping a coin in the long run is also a good option for investors who are not good at trading. I also kept a lot of coins for a few months and when the market fell sharply I bought more. Everything is going well and hopefully it will be stable by the end of the year.

[Thaoni21]

I only bought coin with 3 red bricks continuously, because this signaled a very deep drop and was able to recover very quickly. Never buy coin worth constantly increasing because you will be very difficult to control your capital when you sleep

[grumpylittlepoodle]

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.

Emotions are what the economy and business targets from individual it is very effective form of market strategy even in the cryptocurrency community and these may or not but most of the time cause us negative effect on investments but we can use these emotions as a drive to research further possible trades before actually committing to one.

[Niobeh]

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.

Thanks for sharing your experience! $1,500 is a big loss and I presume you were dealing with at least $5,000 worth of altcoins during that day. Not everyone can afford playing with such amounts, most people don't have such money in the first place. So, maybe, losing $1,500 is not a big deal for you, but nevertheless I suggest you to trade with much smaller amounts. Thus you will be able to afford even a kind of an emotional day trading you are talkng about, which is hard to avoid at all times because nobody is immune to sudden emotions.

It's not a good idea to daily trading when you're emotional enough because it can distruct your decision making and it can also lead us to losses of coin , if you're emotional on that day better to keep away your gadgets and initiate this technology better to wait the right time.

[manggis97]

I been loss more than that amount in trading,  but learn from it I know my big mistake.  And from this mistake I will try other new trading strategy.  And hopely I can recover that my loss as soon as possible. That My big mistake is I don't use exchange  that offer trigger order,  and I can not monitor my open position in 24 / 7 hours so when any bad news my asset value was decrease without any cut loss functions that by automatically reduce the loss.