Emotional day trading

[LankaJay]

Emotional trading is the best way to lose all your money. When you don't have the ability to control your emotions it is not trading. It is gambling. When someone falls in to gambling mentality, he or she doesn't know what will happen to his capital until he lose everything.

[goku1525]

Emotional trading is the best way to lose all your money. When you don't have the ability to control your emotions it is not trading. It is gambling. When someone falls in to gambling mentality, he or she doesn't know what will happen to his capital until he lose everything.

It's a bad decision to daily trading coin when you're highly in emotion which it can affect your decision making and it can take losses of coin as well so I suggest you not to greedy and calm every transaction you may taken.

[kendra1107]

Day trading requires experience and skills to be able to gain something. This is a strategy which will take much of our time due to the need to monitor market movements on a regular basis. The downfall of day trading though is that we won't be able to gain fully on the potential of a token's value.

[kang_kung]

Most emotional time in the day I think must be after you wake up from night sleep. I got very bad experience over this since so many bad buy and sell because of this.

[CryptoCompas]

I think it is. It is worth considering all the steps in advance, because you can simply not invest in time and withdraw cryptocurrencies and lose money.

[BitPACK]

you can be a emotional person but when you trade, you must separate you emotions and your movements.

[Risoruni]

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 had the same situation back then.
Since then I decided not to make such purchases/sales. Before this I try at least to read the sources that I trust.

[CryptoManiac3]

Any investment that you make emotionally is a bad investment, unless you invest for the technology or the progress, if you are only behind the money you have to be pretty cold, remember that the money has no friends, and you have to think and calculate every move you make to avoid losing money, only then you will succeed in trading.

[sergienkoe]

you can be a emotional person but when you trade, you must separate you emotions and your movements.

It's easy to say. A person can not control his emotions.
In any case, it is displayed on your health and mental abilities, on what decisions you take.
If you are engaged in trade then you should be ready to lose a lot of money.

[asayoyaasa]

Psychology is needed when you trading on any marketplace, better improve your psychology before start the trades. You can try to know your weakness in trading by using platform trade like mt4 or mt5. Good luck for you, I hope this will help you.

[cryptolidus]

Day treading requires perfect execution and no place for greed and emotions involved. Specify your profit target
and do not let your emotions to control your decisions.

[cryptobiolog]

Emotions in General can not do anything, except children. A cool head, a maximum of information and a small ability to analyze information is the key to success in trade triplevalue.

[fndsr]

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.

before starting trading and investing with cryptocurrencies we should already know all the risks that we will get confidence and patience is the main capital in the investment

[Gras]

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 believe that trading on the cryptocurrency market is very risky. Especially intraday trading. Technical analysis in the case of cryptocurrencies does not work. The market is very volatile and subject to manipulation. Therefore, I do not trade at all.

[cryptoskycap]

So true. In trading you have to be more careful and observe the state of the graph on the coin market. What is clear is that statistics in analyzing the market cannot be accurately guessed, only predictable, and that is not always true. And I hope that events like yours will not happen again and this is a learning for you in the future.

[Lorence.xD]

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.

    One should note that without statistical market research before investment is not good idea for such investment. Market is Volatile, it is unpredictable anything can happen at any given time during the market trading. One good investment is base on the well reserach market strategy for one specific Coin investment.
   

[Sissebrahima]

You can not go to trade with a heightened desire to earn a lot of money or a little after drinking even weak alcohol. Day trading should go exactly according to a well-established strategy, which you yourself defined for a small but stable income.

[Viscore]

It is not recommended to deal with any financial issues on emotions. Since trading is basically connected with cold calculation, analysis and reasoning, emotions will finally undermine your self-confidence and in the end you will lose all your investments.

Definitely, emotions will lead for you to loss everything if you can't control it.  It is better not to engage in day trading if you don't even know how to manage it. I'm pretty not all of us have capabilities for that and may some of them are do panic selling when they find out that they are more on losing rather than of gaining. That's is a wrong doings which mostly happen for newbies at this time.

[CRYPTOTEMAN]

In fact, we all know that trading on exchanges is a risky thing. A similar example is sports betting. Like, everything goes on the emotions you are going through, will there be a recession, whether you can guess the direction, etc. Yes, I agree that emotions often prevail over man, but with trading cryptocurrency it can not give, because emotions will only bring down cold calculation. If you start to grieve because of unsuccessful trade, it is better to move away and calm down than to lose in the future all the remaining.

[Tejas05]

Emotions is a bad thing for any kind of trading in any time frame. You should stick with technical analysis and fundamental analysis and stick with it.