Leave emotions at home

[elite070]

Sometimes when we are making investment and turns out that it is not good, or turns out that it is a little way off, we should not play by our emotions and make a backup plan and improvise possible move to withstand losses. Because emotions will never help you. In this system, cryptocurrency should not be played lightly by our emotions, instead proper decision with the presence of mind is needed.

As they say, inverse you action based on your emotions. Do not invest when you are happy, do not sell if you are sad. What I am trying to say, is to base our decision on the market, not in our emotions. It, is knowledge that is needed here in cryptos, not heart.

[sourish]

An emotional decision taken reactively would definitely be a problem, but to have or create a back-plan in response to the situation is always a wise move.

[DainSLane]

Leave emotions at home i think that is correct when it comes our work here in crypto currency we should not put our emotion at work specially when you get anger on the market prices is falling, it could might getting so much struggle with your strategies to earn more profit.

[libert19]

Indeed. I have made some mistakes by 'Hodling' when I should have actually minimised the losses.

[labake]

As a matter of fact, emotion will do you no good when it comes to crypto investment than it end up killing and ruining someone. What I get to understand is emotion should be left behind if someone really wants to manage investment

[bitcoinm3ster]

Sometimes when we are making investment and turns out that it is not good, or turns out that it is a little way off, we should not play by our emotions and make a backup plan and improvise possible move to withstand losses. Because emotions will never help you. In this system, cryptocurrency should not be played lightly by our emotions, instead proper decision with the presence of mind is needed.

That is reason on trading exchanges have "stop loss" demand. It helps investors exit bad situation before too late but almost investors don't want this and try to wait but the reality just lead to loss more

[jacafbiz]

What you are painting is very difficult to do especially for retail investors, there is no way you invest into a project and you see they way your investment is doing that won't have effect on you, either positively or negatively but what I observes is that many people do not have a strategy before investing into a project and have nothing to guide them when things start going south

[WOPR]

Been away for some time due to studies but i am back. I can tell you that patience is how people prosper in the crypto space. I have some bitcoins saved and have not touched for years.  Will look for some interesting projects to invest while i create my own. Have some plans up my sleeves.

[johnleo]

For me it is ridiculous if you play emotion in investment or trading because my motto that fact doesn't care about your feeling/emotions. So my tips, always play with data and statistics when you involve in investment or trading.

[gwaposakon]

Sometimes when we are making investment and turns out that it is not good, or turns out that it is a little way off, we should not play by our emotions and make a backup plan and improvise possible move to withstand losses. Because emotions will never help you. In this system, cryptocurrency should not be played lightly by our emotions, instead proper decision with the presence of mind is needed.

The industry of crypto is cutthroat that you will not proper if your emotions dictate you on your investment and trading decision. It is always important to study the project or the crypto you want to invest and stick to whatever decision you choose. Sometimes you get high rewards, sometimes you lose. but that is part of the game.

[terahash]

Right! I even feel Crypto like a gamble. Everything should be controlled by reason. Because if we invest with emotion, it can kill us at any time.

that's right we must have a strong mentality, strong mentality will defeat our weak emotions. I learned so much this year thanks to Cryptocurrency I learned how to control my emotions.
we need to prepare for the worst situation

[Perie200]

If you want to learn how to earn in the crypto world you need strong nerves and emotions you need to leave behind. Patience guys is a victory. And victory is a prize)

[Commitments]

Some time we faced with bad emotion when start and invest money at bitcoin or altcoin, price drop make us more angry to sell our asset at lower price, we could hold emotion when bitcoin or altcoin at lower price.

[Nanda Dewi277]

Indeed. I have made some mistakes by 'Hodling' when I should have actually minimised the losses.

Patient. Emotions really have to be thrown away and don't be taken to a place of business because the impact of emotions will give bad results. I hope you think smart in deciding all decisions.

[azalea69]

In the learning phase, we often get disappointed because we don't understand it in trade, this makes our emotions peak and this will add to our experience to be better and able to control our emotions.

[GatotKaca]

Sometimes when we are making investment and turns out that it is not good, or turns out that it is a little way off, we should not play by our emotions and make a backup plan and improvise possible move to withstand losses. Because emotions will never help you. In this system, cryptocurrency should not be played lightly by our emotions, instead proper decision with the presence of mind is needed.

when the failure comes the emotion must be there, depending on each of us in controlling these emotions. a trader needs very high patience in determining the results to be obtained. emotions may therefore be reasonable, but should not be excessive.

[fortelen]

too carried away the emotions will give bad results. This will cause panic even the greed that ultimately will lead to losses that many people experience. When want to focus and not get too worried about feelings and calm the crypto, then the results could be would be great. but many people are not even too ignore it and always carried emotional feelings.

[Kryten12]

Investment and emotion really do not mix well, it is important to stay detached and focused when it comes to trading time. I try to set my self specific targets with each coin I invest with and stick with the decision to sell when it hits my target price no matter what the surrounding market conditions.

[Milamol]

We are living people, not robots. Controlling emotions is difficult, and not everyone is given. But we can move over when emotions can hurt the cause. Of course, we need an investment or trading strategy, it gives confidence, even if this strategy is wrong.

[miklesm]

I agree with you, emotions is the greatest enemy of trader - you should use only your brain while making any decision if do not want to regret about it in the future.