New to trading? Learn to be an emotionless trading machine

[nydiacaskey01]

In order to become a successful trader you have to work a long way. Learning is the most important thing to start with. Without knowledge you will make mistakes. But if you learn to draw conclusions from them, everything will be fine.

I agree. Mistakes makes you learn in trading. I learned from it the hard way when ANTS change to NEO, the price skyrocket and I didn't sell when the price is at peak, I continue to hold on it. It was too late when I decided to sell when I see that price is starting to be stable and price continue to go down because of the China fake news.

[Twinkledoe]

In order to become a successful trader you have to work a long way. Learning is the most important thing to start with. Without knowledge you will make mistakes. But if you learn to draw conclusions from them, everything will be fine.

I agree. Mistakes makes you learn in trading. I learned from it the hard way when ANTS change to NEO, the price skyrocket and I didn't sell when the price is at peak, I continue to hold on it. It was too late when I decided to sell when I see that price is starting to be stable and price continue to go down because of the China fake news.

In that scenario, trading technical strategies won't work. It is how you will react to the current hype. You don't need to be an expert to see what's coming. You just need to open your eyes on what's happening and situations that might trigger the changes.

[karloscimot]

This is the key part to become a great trader. There is no trader in the world that can make money from the gut feeling or just emotions, all those movies where the trader just has a feeling are lying. Every good trader in the world whether its in crypto or stocks or forex doesn't matter actually makes the money thanks to their emotionless trading. You need to leave your feelings out the door when coming the work and just focus on making money by the patterns that is historically done and profited everyone.

If you can achieve to become a robot that is purely trading on the indicators given to him than you will always come out as the winner and have profits. It is not as easy in crypto world since it is quite volatile but in other areas it has worked perfectly.

trading should not be carried away by emotion, but things like that are very difficult to be able to do in the real world because what happens if we get a victory and the chance to win is still available so we will not be able to leave that opportunity. so it has become human nature that is greed that always comes when the opportunity comes. so basically all existing theories cannot apply if we have entered the real world.

[traderethereum]

In order to become a successful trader you have to work a long way. Learning is the most important thing to start with. Without knowledge you will make mistakes. But if you learn to draw conclusions from them, everything will be fine.

I agree. Mistakes makes you learn in trading. I learned from it the hard way when ANTS change to NEO, the price skyrocket and I didn't sell when the price is at peak, I continue to hold on it. It was too late when I decided to sell when I see that price is starting to be stable and price continue to go down because of the China fake news.

In that scenario, trading technical strategies won't work. It is how you will react to the current hype. You don't need to be an expert to see what's coming. You just need to open your eyes on what's happening and situations that might trigger the changes.

The most important, we should always check on the coins we have so we know if there are any changes or moving from the coins and we can make a decision later. With doing that, I think we can minimize from making mistakes because we stay alert from what is going on in the market and we don't miss a chance if the price can increase higher.

[iMark]

In order to become a successful trader you have to work a long way. Learning is the most important thing to start with. Without knowledge you will make mistakes. But if you learn to draw conclusions from them, everything will be fine.

I agree. Mistakes makes you learn in trading. I learned from it the hard way when ANTS change to NEO, the price skyrocket and I didn't sell when the price is at peak, I continue to hold on it. It was too late when I decided to sell when I see that price is starting to be stable and price continue to go down because of the China fake news.

Actually it is impossible for a human being to be emotionless because emotional feelings are natural and humane.
Yeah what we have to do is learn from what we have experienced and make it as lesson

[mersal]

I don't know how to be emotional in trading my opinion is putting 100% effort will give you the payback for your work otherwise emotions are not making you stronger or weaker but making some goals always giving you to put some extra effort for your goals.

[Siren]

Good advice for new traders. I love straight to the point posts like this

While this is a helpful and serious advice the only reason that you will progress is following the steps advisedly by OP..and also read the valuable criticism and apply each for your own betterment,having here for couple of years teached me this things and now i am applying each steps and i am gaining for living(extra income for my family and love ones)

[bitgolden]

I think emotion makes a person to trade evidently because there is no motivation there will be no excitement in your life and it will not stay for a long time also so if you have some emotion it will makes you to trade with some more extra effort I think it will be good for some people to gain huge success.

Yes, sometimes emotion is good for trade, we just have to watch it and make sure we apply it secondly because when you look at bad trading, sometimes fear ha successfully gotten a lot of people out of bad trading which fear is also product of emotion.

We just need to be able to control and balance our emotion so that we can be able to apply it when necessary to avoid poor decision making but taking it out completely will not be possible. Sometimes when emotion sets in, before making any form of decision, we need to check if the loss or win is three consecutive, then if it is, we have to stop the trade immediately.

[Activitycoin]

In order to become a successful trader you have to work a long way. Learning is the most important thing to start with. Without knowledge you will make mistakes. But if you learn to draw conclusions from them, everything will be fine.

I agree. Mistakes makes you learn in trading. I learned from it the hard way when ANTS change to NEO, the price skyrocket and I didn't sell when the price is at peak, I continue to hold on it. It was too late when I decided to sell when I see that price is starting to be stable and price continue to go down because of the China fake news.

Actually it is impossible for a human being to be emotionless because emotional feelings are natural and humane.
Yeah what we have to do is learn from what we have experienced and make it as lesson

It is not like having no emotions but it is like learning how to control your emotions when price falls, and being patient at the time of dip, holding is wise decision, so to avoid being emotional a new trader should learn all trading rules and get along with market condition like try to buy at low price and hold with patience.

[nydiacaskey01]

It is not like having no emotions but it is like learning how to control your emotions when price falls, and being patient at the time of dip, holding is wise decision, so to avoid being emotional a new trader should learn all trading rules and get along with market condition like try to buy at low price and hold with patience.

Even if you learn the rules and learn TA's and read those graphs and candle sticks if you don't learn how to control your emotions, you will end up losing your capital in trading. I don't know what exactly is the ratio between knowledge and emotion in terms of trading but I would say in trading 60% goes to your emotion and 40% goes to knowledge. Even if you knows a lot about trading but you can't control your emotions, you will loose in the long run.

[crzy]

I don't know how to be emotional in trading my opinion is putting 100% effort will give you the payback for your work otherwise emotions are not making you stronger or weaker but making some goals always giving you to put some extra effort for your goals.

Its good for you not to be more emotional, we just need to act like this all the time. In trading we only focus on what we have planned for and for sure we don’t want to lose money at all so set aside your emotion for a while. The trading is not an easy job, it also need a lot of effort and works for you to succeed.

[DeadCoin]

I know this may sound somehow impossible for some, but really, to be successful in trading, you need to have the mind of a machine. Now, you cannot have this if you do not have a strategy and you cannot have a strategy if you do not take your time to learn.

Let me explain myself better, for instance, when using trading robots, you input your strategy, and they do it better because there is no emotion attached to it, except that they just do exactly what they are programmed to do. You cannot do well without a strategy and you cannot do well too when you keep changing strategies over and over again.

Learn, get a strategy, build on it, and then trade it like a pro. It is imperative that you get to see trading as a profession, which would always make you to see yourself having to let your strategy play out than letting your emotions rule you, which I believe most new traders are guilty of.

What makes you even better than a machine is the fact that you can think, you can fine tune your strategy with experience you keep gaining over time, but when it comes to never letting your emotions come before your strategy, you need to be like a trading machine.

Have an experience in it and yes, emotions do bring nothing when we are into business. Its just the business and need to screw up more in it to grow the business with more profits. Hence, just learn controlling emotions and this should certainly make you a successfully trader.

[Bitcotalk]

This is a very good idea because I would not allow anyone trade base on their emotion of how they feel about the market, because emotions will always fail you since the market don't care about your emotions but rather your expertise.
I think it's good to learn how to take technical and fundamental analysis about the market before going to trade in the market so that you can enter with confidence instead of emotions, emotions is very bad even in relationship, so can't be good in trading lol.

[Aptekary]

I don't know how to be emotional in trading my opinion is putting 100% effort will give you the payback for your work otherwise emotions are not making you stronger or weaker but making some goals always giving you to put some extra effort for your goals.

Its good for you not to be more emotional, we just need to act like this all the time. In trading we only focus on what we have planned for and for sure we don’t want to lose money at all so set aside your emotion for a while. The trading is not an easy job, it also need a lot of effort and works for you to succeed.

It seems to me that the trade or you are successful or not. There can be no middle here. But a successful trader devotes almost all his free time to the cryptocurrency market in order to monitor not only all of his assets, but also other opportunities. In addition, the information space must be kept under control in order to be alert for any problems that arise.

[radjie]

I know this may sound somehow impossible for some, but really, to be successful in trading, you need to have the mind of a machine. Now, you cannot have this if you do not have a strategy and you cannot have a strategy if you do not take your time to learn.

Let me explain myself better, for instance, when using trading robots, you input your strategy, and they do it better because there is no emotion attached to it, except that they just do exactly what they are programmed to do. You cannot do well without a strategy and you cannot do well too when you keep changing strategies over and over again.

Learn, get a strategy, build on it, and then trade it like a pro. It is imperative that you get to see trading as a profession, which would always make you to see yourself having to let your strategy play out than letting your emotions rule you, which I believe most new traders are guilty of.

What makes you even better than a machine is the fact that you can think, you can fine tune your strategy with experience you keep gaining over time, but when it comes to never letting your emotions come before your strategy, you need to be like a trading machine.

experience is indeed the main key in trading in order to be able to put in place a mature strategy in trading, someone who is already accustomed to trading because it is based on his experience, they certainly can better understand the market situation and can control emotions when trading.

[Oilacris]

I know this may sound somehow impossible for some, but really, to be successful in trading, you need to have the mind of a machine. Now, you cannot have this if you do not have a strategy and you cannot have a strategy if you do not take your time to learn.

Let me explain myself better, for instance, when using trading robots, you input your strategy, and they do it better because there is no emotion attached to it, except that they just do exactly what they are programmed to do. You cannot do well without a strategy and you cannot do well too when you keep changing strategies over and over again.

Learn, get a strategy, build on it, and then trade it like a pro. It is imperative that you get to see trading as a profession, which would always make you to see yourself having to let your strategy play out than letting your emotions rule you, which I believe most new traders are guilty of.

What makes you even better than a machine is the fact that you can think, you can fine tune your strategy with experience you keep gaining over time, but when it comes to never letting your emotions come before your strategy, you need to be like a trading machine.

experience is indeed the main key in trading in order to be able to put in place a mature strategy in trading, someone who is already accustomed to trading because it is based on his experience, they certainly can better understand the market situation and can control emotions when trading.

Experience will somehow make you numb when it comes to emotion when you do trade.Your knowledge is the weapon
that will take away those worries on how you do execute your trades.If you're confident on what you are doing then most likely emotions
wont really set-in since you do know on what you are doing.

[OrangeSeller]

For a beginner I think it is unavoidable for them to become emotional if they do trade in the market. Perhaps, it is very usual things I guess to encounter that. And I doubt that we cannot use our emotions when we do trade in the actual market, it is useful actually as long as we apply it in the proper way.

Well we often have listened this proverb, distant drums sound well. This is all the story of trading. People often think it is quite easy to go in here and start selling and buying with golden rules of sell high and buy low.

But, its quiet an opposite scenario here. Seconding your point, trading do involve harsh times and you really have to distant emotions in the game. Else, colossal losses would welcome you at the end of day.

[Remainder]

I don't know how to be emotional in trading my opinion is putting 100% effort will give you the payback for your work otherwise emotions are not making you stronger or weaker but making some goals always giving you to put some extra effort for your goals.

As long, as you already established your risk appetite and the desired ROI then emotions wont be a factor over time. The emotion shall play only during deciding the investment strategy.

[blockchainwriters]

Every newbie trader should read these points we should nt be greedy to book profits one thing i believe in crypto trading is market gives every time new opportunity which we should be aware of it and wait for right timing

[MFahad]

In order to become a successful trader you have to work a long way. Learning is the most important thing to start with. Without knowledge you will make mistakes. But if you learn to draw conclusions from them, everything will be fine.

I agree. Mistakes makes you learn in trading. I learned from it the hard way when ANTS change to NEO, the price skyrocket and I didn't sell when the price is at peak, I continue to hold on it. It was too late when I decided to sell when I see that price is starting to be stable and price continue to go down because of the China fake news.

Yeah, it is good instance and i hope you will know that in trading sometime we follow the rumors and fake news, but our bad experience also move us in good way. Not only in trading we faces these circumstances in every field of earning.