First hand examples of Emotional trading

[crzy]

What are some examples of when emotions mess up your trades?

Make you feel excited about the short pump, and make you more stress if you loss money. Trading with emotion is too risky, don’t try to do it because it can lose your money. As a trader, emotion should always be set aside and try to have more strategies than to have more negative emotion.

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[bitcoin31]

We are here to make some money right?  Well if I see the chart looks good, maybe I want a little bit more...

That Is really happen. When the coins increasing the traders waiting to increase more it is not bad unless you did not do research because maybe the coin you wait not increasing anymore. That's happened to me last few years ago I lost some of the possible profit that I got because of  " I want to earn more money". But if you are in longterm it is good to say that.

[jabrix]

We should remove our feelings and emotions before we trade in order for us to prevent panicking. There are a lot of traders that are losing in trading due to fear and panicking. We should always believe to our self and also we should have a lot of patience for us to survive in the market.

Fear is something that is natural, related to emotions that greatly influence trading decisions, so that without control it will increase the risk of loss because it makes decisions when prices are not conducive.
Unlike people who are able to control emotions, of course fear can be minimized by careful calculation to get a profit.

[iMark]

We are here to make some money right?  Well if I see the chart looks good, maybe I want a little bit more...

it is the habit and greedy nature of every trader, I want more bigger profit, thats what they say, and all he does is throw away
the opportunity. because prices will always change, don't rely on your emotions in making choices

[superstarbtc]

I personally faced emotional trading buy the particular coin at the time of Fomo buying coin at the high price will definitely put us to hold for a long time

[davinchi]

Greedy is normal emotion in crypto trading because in bull market alot of crypto going up to more than 10x , we can be greedy in bull market but still under control, i mean we have should be also have protection to lock the profit by use trailling stop. When target profit reached , we have to exit from the market and dont trade in the same coin again.

Panic selling is actually bad for trading because you will eventually loose us, though sometimes, it’s not see easy to control our emotion when trading, that is that why it takes determination and strong mind to trade.

I believe it will be best for an emotional trader to just be an investor rather than be a short trader, guessing in trading is very bad and the best way like you suggested is to use lots of technical analysis and personal calculation without also ruling out a mentor, everyone needs a mentor no matter how good you are.

[clover12]

Greedy is normal emotion in crypto trading because in bull market alot of crypto going up to more than 10x , we can be greedy in bull market but still under control, i mean we have should be also have protection to lock the profit by use trailling stop. When target profit reached , we have to exit from the market and dont trade in the same coin again.

....... and personal calculation without also ruling out a mentor, everyone needs a mentor no matter how good you are.

Have you seen my mentor topic??? Many peeps here at the board are saying otherwise!

that said. what is your mentor like? how did you meet? whats it like??

[Omega Weapon]

What are some examples of when emotions mess up your trades?

For emotions to mess up your trades you will need at first to have some rules regarding how you are going to make your trades and many people do not even have that, so their first mistake is to not have a clear strategy about what they are going to do in the markets if they go against them, once you solve that aspect of your trading you can begin to worry about how your emotions can affect you and make you to not follow your own rules.

[panganib999]

We are here to make some money right?  Well if I see the chart looks good, maybe I want a little bit more...

The " I want a little bit more" once pushed me to lose i got greedy to have a much huge profit. I've experience having no emotion response on the market and thought only of having a profit not knowing what could it bring to me if got my eagerness overrun. Emotional quotient is more vital than Intelligent quotient on this kind of industry.

[CoinChili]

What are some examples of when emotions mess up your trades?

When we promised ourselves to be contented with the small profits but then the greedy feeling is attacking my system and the other side of my brain said, " I want more". Lol. Then the market suddenly dropped and i felt frustrated and I extremely blame myself for my wrong decisions.

[yvesp110]

What are some examples of when emotions mess up your trades?

When we promised ourselves to be contented with the small profits but then the greedy feeling is attacking my system and the other side of my brain said, " I want more". Lol. Then the market suddenly dropped and i felt frustrated and I extremely blame myself for my wrong decisions.

This is so natural, if we expect something from and then we get different thing so we can get hurt emotionally but for this we will have to prepare ourselves and it is not good to let your emotions eat up your profit, make one thing in your mind that anything can happen, the whole thing I will have to do is holding at red and trading at green, keep your emotion away.

[ausbit]

I personally faced emotional trading buy the particular coin at the time of Fomo buying coin at the high price will definitely put us to hold for a long time

There are so many people who invested when Bitcoin was growing high in 2017. They believed it will go up and up but it just crashed and shattered their dreams. Many of them had been through emotional trading and had to sell the coins at fear of further loss. Those who held on to the coins are still holding them and feel that the market will return one day not only compensating for their losses but would give them profit.

[Botnake]

I personally faced emotional trading buy the particular coin at the time of Fomo buying coin at the high price will definitely put us to hold for a long time

You'll be a bag holder, I'm sure there's a lot of trader who are still holding a huge number of coins because they got FOMOd during the bull run.
That is just normal, you fall for it and you pay for it now, anyway you won't loss if you continue to hold it, who knows they'll come alive when the bull starts.

[babarian]

We are here to make some money right?  Well if I see the chart looks good, maybe I want a little bit more...

you only intend to make money? if you really intend to look for money you also have to be good at managing emotions that you have so that you are not obsessed with your excessive desires.

[jrrsparkles]

We are here to make some money right?  Well if I see the chart looks good, maybe I want a little bit more...

That greediness will make the losses for you,you should ot get attracted byht egreen trend as a regular trader you need to stick with small profits with too many trades to be a successful trader.

Just avoid trading with your emotion or whatever which keep saying to wait,wait and make huge money.

[Noa_Amable]

Definitely we must put emotions away while trading,it is one of the crucial rules of trading

[bitbunnny]

Sometimes you just feel "lucky", the profit is right and the market is green and the feeling of making money excites you and carries you away so at the moment you stop thinking rational and forget all important rules about the trading. This could cause to make some serious mistakes and judgements. Although we are not robots and not all emotions could be switched of it should be avoided to fall under influence of emotions of any kind, too much excitement or too much anger. They will both blur your mind.

[Webberson]

It is a common advise by most successful and experienced traders not to trade with emotions.
Emotional trading brings about losses in trades, which you will then want to recover by increasing your lot sizes, which in most cases brings about more loss.

[Johnyz]

What are some examples of when emotions mess up your trades?

When you sold your token out of your target because the market is panicking. Your emotion in trading should not affecting yourself as a trader because its too risky to trade with this. Newbies are more like this but it can be controlled of course especially if you do believe on the process.

[jabrix]

Emotions affects me, especially when I begin to over think and feel there is profit in a particular move,i begin to weigh my options even when there are none actually, it could really be confusing I must confess.
Emotions also move me into taking unnecessary risks that normally I shouldn't have if I was thinking correctly
I've learned to handle emotions and keep them constantly in check when trading

The direct impact of trading using emotions is loss, which is caused by sales because of emotional decisions when prices fall. Fear of losing finally sells coins that are owned by losses.
While those who use logic and put aside emotions can benefit because it turns out the decline is not too long. Such examples are often experienced by traders involved in the crypto market.