Do You Need To Put Your Emotion in Trading ?

[The Cryptovator]

In topic title you are asking about emotions during trading on crypto currency. Then my opinion is delete emotions during trading. Use your brain to trade crypto coin. Emotion is not only harmful but also one of the main reason of loss your capital. Main thing is patience for crypto trading, there is no place for emotions. Emotional trade will depend on your luck, it might be profitable or loss nobody can say. So use your brain, experience and analysis. My answere is depend on your title. But remember one think trade is always risky so take risk what you can afford loss.

[TravelMug]

In topic title you are asking about emotions during trading on crypto currency. Then my opinion is delete emotions during trading. Use your brain to trade crypto coin. Emotion is not only harmful but also one of the main reason of loss your capital. Main thing is patience for crypto trading, there is no place for emotions. Emotional trade will depend on your luck, it might be profitable or loss nobody can say. So use your brain, experience and analysis. My answere is depend on your title. But remember one think trade is always risky so take risk what you can afford loss.

Yes, I agree that you shouldn't involved emotions in the beginning of your trading journey. But most of us succumb to it. Reason one is that if you're are newbie and second is that you tend to be greedy.

I think as you go along, you will learn how to control and fight your emotions like having a good entry and exit strategy, so that you at least mitigate the risk.

[logicgate]

of course emotion is indeed one of the dangerous aspects of trading, emotions are always a problem when you place them at the wrong time, emotions will trap you at a loss.

Yeah as good business men often says that in business your emotions are the only thing which can either make you win huge or lose all so I think it is not good to rely on your emotions for starting a business specially if you are a trader. So I think keep your emotions aside and do what your mind says. Just don't spoil your profit in any kind of situation.

As a trader, I prefer to keep aside my emotions for me to create and choose right decision. I always removing my emotion because I am aware that I can lose big amount of money if I been carried away by my emotions.

  It will improve your profit because it is not good to be emotional in your investment. In trading you will have to make decision with your mind not your heart. When the price falls actually allot of people lose their patience and they use to sell so this kind of emotional act can make you suffer lose as a trader.

[mirakal]

of course emotion is indeed one of the dangerous aspects of trading, emotions are always a problem when you place them at the wrong time, emotions will trap you at a loss.

Yeah as good business men often says that in business your emotions are the only thing which can either make you win huge or lose all so I think it is not good to rely on your emotions for starting a business specially if you are a trader. So I think keep your emotions aside and do what your mind says. Just don't spoil your profit in any kind of situation.

As a trader, I prefer to keep aside my emotions for me to create and choose right decision. I always removing my emotion because I am aware that I can lose big amount of money if I been carried away by my emotions.

  It will improve your profit because it is not good to be emotional in your investment. In trading you will have to make decision with your mind not your heart. When the price falls actually allot of people lose their patience and they use to sell so this kind of emotional act can make you suffer lose as a trader.

It will not improve your profit if you cannot control your emotion, sometimes our emotion helps as long as we control it.
We are just human, it cannot be prevented that we feel excited sometimes every time we have a success, either in short or long term.

[Whosdaddy]

I think no because sometimes emotions will bring you more in disappointing stage because you will be excited to what's will be the outcome. Much better to hold your emotions in crypto because everything wi be unexpected.

Yes, emotions will be always dangerous as it is leading to disappointments most of the times. Usually most traders are getting greedy when they are seeing some initial profits and then they want to continue their trading so that they will be getting more profits within given time. This is just an example how emotions will play on you to make you disappointed at the end of day.

It will improve your profit because it is not good to be emotional in your investment. In trading you will have to make decision with your mind not your heart.

Yes, trading without emotions will get you more chances of finding easy profits. Because, when you are able to control your emotions, you can easily react to market fluctuations to take effective decision time to time. Here you need to note that you can still act within your actual trading plans. That is the power of NOT having emotions while trading.

When the price falls actually allot of people lose their patience and they use to sell so this kind of emotional act can make you suffer lose as a trader.

You may easily control your emotions on positive market whereas keeping control on your emotions on falling down market will be very big challenge even for professional traders. If you are unable to control your emotions on negative market, it would be much better to stay away from your trading.

[boyz97]

of course emotion is indeed one of the dangerous aspects of trading, emotions are always a problem when you place them at the wrong time, emotions will trap you at a loss.

Yeah as good business men often says that in business your emotions are the only thing which can either make you win huge or lose all so I think it is not good to rely on your emotions for starting a business specially if you are a trader. So I think keep your emotions aside and do what your mind says. Just don't spoil your profit in any kind of situation.

As a trader, I prefer to keep aside my emotions for me to create and choose right decision. I always removing my emotion because I am aware that I can lose big amount of money if I been carried away by my emotions.

  It will improve your profit because it is not good to be emotional in your investment. In trading you will have to make decision with your mind not your heart. When the price falls actually allot of people lose their patience and they use to sell so this kind of emotional act can make you suffer lose as a trader.

It will not improve your profit if you cannot control your emotion, sometimes our emotion helps as long as we control it.
We are just human, it cannot be prevented that we feel excited sometimes every time we have a success, either in short or long term.

our emotion influenced our result in trading, if we could not controll our emotion our trading result become messed up.and we didnt want it happen to us.

[ryzaadit]

Iam have my experience I really difficult to control my emotion & psychology, that was really hard for me. My friend always suggests me if you invested at trading and other stuff you should control all your emotion.

[el kaka22]

Iam have my experience I really difficult to control my emotion & psychology, that was really hard for me. My friend always suggests me if you invested at trading and other stuff you should control all your emotion.

Not just you many traders are finding hard to control their emotions while trading. This is basic human nature that everyone will emotionally failure when they will be finding big profits or losses. But, a trader should be able to control his emotions so that they will keep going with the trading plans to secure their profits. Making profits in trading but important and securing the profits is more important than anything else. If you are emotionally get failed then you may lose your profits along with your capital. That is the dangerous consequence of not having control over our emotions.

I guess your friends have already suggested you, still I feel I must give you a few tips :
1. You must try in very low capital before you are good with your emotions control.
2. When you are unable to trade emotions free then it is good to go for holding cryptos kind of trading which will be good in long-term as you do not need to have active trading on daily basis.

[justspare]

I agree that we cannot eliminate emotions completely but we should be able to control it whenever we need to do so. Because without controlling emotions, you will never find success in our life. Emotions are part of life but it will lead to deviate from our original trading plans. If you want to follow your trading plans then you should be capable of controlling your emotions. Trade as per your plans that is the only way to make profits.

It is easier to state or advice someone else, but too hard to follow while you are trading. I am well aware of what you have mentioned but I am also getting emotionally failed while trading due to sudden fluctuations of market. This is how market always is working for all the traders but professional traders are not behaving emotionally. They have become professional trader is only because of their having control over their emotions.

1. You must try in very low capital before you are good with your emotions control.
2. When you are unable to trade emotions free then it is good to go for holding cryptos kind of trading which will be good in long-term as you do not need to have active trading on daily basis.

Good suggestions. Emotion control will be possible only after years of experience but most of the people are not ready to wait for a longer period before engaging themselves into trading with big capital. That is the reason they are facing lots of problems later on. Holding kind of trading must be the easiest way to get rid of our emotions.

[Clark05]

Depends to the emotions. And the most emotions that you do not need to use in trading is panic because it can cause to you lost more money. Always be positive when you are tader so that the people here also will follow to you and become positive.

[Best Dreams]

of course emotion is indeed one of the dangerous aspects of trading, emotions are always a problem when you place them at the wrong time, emotions will trap you at a loss.

Yeah as good business men often says that in business your emotions are the only thing which can either make you win huge or lose all so I think it is not good to rely on your emotions for starting a business specially if you are a trader. So I think keep your emotions aside and do what your mind says. Just don't spoil your profit in any kind of situation.

As a trader, I prefer to keep aside my emotions for me to create and choose right decision. I always removing my emotion because I am aware that I can lose big amount of money if I been carried away by my emotions.

  It will improve your profit because it is not good to be emotional in your investment. In trading you will have to make decision with your mind not your heart. When the price falls actually allot of people lose their patience and they use to sell so this kind of emotional act can make you suffer lose as a trader.

It will not improve your profit if you cannot control your emotion, sometimes our emotion helps as long as we control it.
We are just human, it cannot be prevented that we feel excited sometimes every time we have a success, either in short or long term.

our emotion influenced our result in trading, if we could not controll our emotion our trading result become messed up.and we didnt want it happen to us.

For us it is not good to listen what our heart says it is good to what our mind says because emotions are connected to our heart and it gets upset even with miner things. So good to hold at any situation but don’t let your emotions distract you ever. It is time when we will have to be strong and done lose your hope soon trading market will be better.

[oktana]

emotions that are based on developing an analysis of adequate quality for trade are inseparable, but this type of emotion is healthier because of optimism. At least we can separate the second category and one thing that must be abandoned is when stuck in emotions that expect good luck, it applies to gambling, but not in the fundamental market, especially the crypto market.

[Sengoko]

That’s an old topic and you don’t need to put your emotion in trading. All these big-big explanations you’re making isn’t helping anybody, I don’t see any difference between being able to control your emotions and eliminating emotions, it’s still the same thing man, there is no difference. Just simply say to the person not to trade with their emotions.

[adamlillian]

emotions only bring failure to investors. I tried to let my emotions decide my portfolio. I did not set up an investment strategy.
The result is bad. Because when the market just went down, I immediately sold them without thinking. But then one day, the market grew strongly and my altcoin increased to 35%. that's my bad experience.

[akram143]

emotions only bring failure to investors. I tried to let my emotions decide my portfolio. I did not set up an investment strategy.
The result is bad. Because when the market just went down, I immediately sold them without thinking. But then one day, the market grew strongly and my altcoin increased to 35%. that's my bad experience.

Trading is your job is being compared to all the other cryptocurrency earning methods so we cannot do anything extra for trading if you want to trade then you can definitely had Experience so trading with emotion will be very helpful for us to react more quickly and make more attention and trading that's why emotion will very important for all the business not only trading.

[Tipsters]

"There are two schools:
1. People want to eliminate emotions in the trading. He is practicing emotional limitation in a particular environment. Extend the mind both in depth (towards emotional elimination) and width (to the environment other than trading).
2. People want to control emotions. Work with him must have both greed and fear to progress. "
This is exactly the 2 schools to deal with trading psychology. I would like to analyze a little difference between these two schools.

Eliminate emotions

This is a group of trader that emotion is the problem, to kill the problem to kill the original is to remove emotions from the trading process. They learn how to keep the emotional impact to a minimum. And to put the mental state in the mind and consciousness.


Some ways to eliminate emotion are to look at the issue in a different way in order to separate emotions from the psyche. Or whenever the emotion signals out of control, the trader immediately distracts himself to avoid consequences.

Put another way, getting rid of emotion is making the robot look as good as possible. The ultimate goal of this school is to promote the power of reason and to reject emotion.

Emotional control

In contrast to the above, some other traders said that should not seek to eliminate emotions. May be because it is not necessary, or can not be eliminated. So one must choose one way to live and control emotions.

With this school, you will apply the transition, the emotional direction to beneficial goals such as using stress to increase concentration, turning heart to aspire to success, turning the fear of losing money into spirit the law,...

These traders "use" emotions instead of removing emotions. Because they believe that emotions create new motivation for success.

For you, which school is better suited?

I do not discuss the correctness of the two schools. I just put up an open question for you. What school do you follow? How will you do it? How is the effect? Share your experience, your opinion about these two schools?

Wow nice to read. This is one of the things I try to assimilate when I'm doing trading. How to get rid of the emotional thing. Now we know how to put it into proper context, we can identify how to get around it.

[GrayFullbuster]

I think no because sometimes emotions will bring you more in disappointing stage because you will be excited to what's will be the outcome. Much better to hold your emotions in crypto because everything wi be unexpected.

Yes, emotions will be always dangerous as it is leading to disappointments most of the times. Usually most traders are getting greedy when they are seeing some initial profits and then they want to continue their trading so that they will be getting more profits within given time. This is just an example how emotions will play on you to make you disappointed at the end of day.

It is the reason why we should not put our emotions when we are trading because it can lead to disappointments. We can't use right strategies and techniques if we will put our emotion. We can also become a greedy person due to our emotions. 

[Sum24]

I think no because sometimes emotions will bring you more in disappointing stage because you will be excited to what's will be the outcome. Much better to hold your emotions in crypto because everything wi be unexpected.

Yes, emotions will be always dangerous as it is leading to disappointments most of the times. Usually most traders are getting greedy when they are seeing some initial profits and then they want to continue their trading so that they will be getting more profits within given time. This is just an example how emotions will play on you to make you disappointed at the end of day.

It is the reason why we should not put our emotions when we are trading because it can lead to disappointments. We can't use right strategies and techniques if we will put our emotion. We can also become a greedy person due to our emotions. 

Indeed it is not good to put our emotions in trading because  will make us to be so untrustworthy and we will lose our patience at the time of low price so it can cause panic selling. Our emotions gets warm to take unthinkingly wrong decision. So if you want to make good money in trading try to keep your emotions away and take good decision with your mind instead of your heart.

[jvdp]

I think no because sometimes emotions will bring you more in disappointing stage because you will be excited to what's will be the outcome. Much better to hold your emotions in crypto because everything wi be unexpected.

Yes, emotions will be always dangerous as it is leading to disappointments most of the times. Usually most traders are getting greedy when they are seeing some initial profits and then they want to continue their trading so that they will be getting more profits within given time. This is just an example how emotions will play on you to make you disappointed at the end of day.

It is the reason why we should not put our emotions when we are trading because it can lead to disappointments. We can't use right strategies and techniques if we will put our emotion. We can also become a greedy person due to our emotions.  

In human life emotions are surely comes in any industry, so why peoples are not accepting the emotion situation. Number of players are joined in gambling but only few only make profit so that time we must control our emotion, In case if we won we will express the emotions. So all the human being have some emotions bit it will be differ on each sector. Most of the times emotions overtake our self confidence so trading is related our personal emotions.

[drachman]

In topic title you are asking about emotions during trading on crypto currency. Then my opinion is delete emotions during trading. Use your brain to trade crypto coin. Emotion is not only harmful but also one of the main reason of loss your capital. Main thing is patience for crypto trading, there is no place for emotions. Emotional trade will depend on your luck, it might be profitable or loss nobody can say. So use your brain, experience and analysis. My answere is depend on your title. But remember one think trade is always risky so take risk what you can afford loss.

But that is something that is very difficult to do because many people do not really have a system that they use to trade, they look at the markets and they just decide right there if it is the time to buy or to sell, if you were to ask them why they bought they will not be capable of giving you an answer that only relied on technical analysis and they will use their emotions as well, and when you use your emotions to buy you use your emotions to sell.