First hand examples of Emotional trading

[cydrix]

Some examples maybe when you want to earn as much as you could but your faith in it wavers as the price go low slowly but after you withdrawn from it the odds seems fine and it started to go to the moon in the end leaves you speechless and full of regret. Another one is when you are too greedy in spending on many coins and you don't know how to handle them leaving you confused and ended up in despair.

[BigTeeths]

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

There are a lot of them. My own experience is when I should've sold my shitcoins when it was gaining more than 30% in one day but I waited for it to spike more but then it dropped. And then another one is when I think that altcoins that are priced 1 satoshi is easy to make money but I always get stuck in the hype and I bought it in 2-4 sats but I never did check its total supply.

[raven7886]

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

There are a lot of them. My own experience is when I should've sold my shitcoins when it was gaining more than 30% in one day but I waited for it to spike more but then it dropped. And then another one is when I think that altcoins that are priced 1 satoshi is easy to make money but I always get stuck in the hype and I bought it in 2-4 sats but I never did check its total supply.

Well, you can’t blame yourself for this, most people too are victims of this circumstances including me, we tend not to sell our coins when need be, waiting for a spike which is also not a bad idea, it depends on the angle at which you take the market but from your own angle.

It seems you took it from trading angle and that is why you could even invest in shitcoins which you ought to have  removed before it even got to 30%, if it was a good coin that has the tendency of spiking high to 1500%, I don’t think missing that opportunity should make one regret because it must surely come again and surpass that.

[proTECH77]

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

During the pre-bull run in 2017, i had some quantity of Ethereum which i kept for over the prevision years; hope to trade when the market appreciate. In 2017 when i saw the market positive movement; haven seen the movement before on a swinging pendulum, i placed my trade at the price of $812 in Dec. 20-2017 and after some few months away the price hit $1,377, this was my emotional mess.

[btc_angela]

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

During the pre-bull run in 2017, i had some quantity of Ethereum which i kept for over the prevision years; hope to trade when the market appreciate. In 2017 when i saw the market positive movement; haven seen the movement before on a swinging pendulum, i placed my trade at the price of $812 in Dec. 20-2017 and after some few months away the price hit $1,377, this was my emotional mess.

Lol, I sold mine when the price goes to $400 and then keep some, months later I dumped another set in December 2017 around $800 I think. If I just hold on it for a month (2018) I could have sold them in it's all time high. Anyways, now I just accumulated at lowers lows and hope one day that the price could go on another 4 digits or more. Really hard though, if we involved our emotions here.

[gabmen]

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

During the pre-bull run in 2017, i had some quantity of Ethereum which i kept for over the prevision years; hope to trade when the market appreciate. In 2017 when i saw the market positive movement; haven seen the movement before on a swinging pendulum, i placed my trade at the price of $812 in Dec. 20-2017 and after some few months away the price hit $1,377, this was my emotional mess.

Lol, I sold mine when the price goes to $400 and then keep some, months later I dumped another set in December 2017 around $800 I think. If I just hold on it for a month (2018) I could have sold them in it's all time high. Anyways, now I just accumulated at lowers lows and hope one day that the price could go on another 4 digits or more. Really hard though, if we involved our emotions here.

Well we really can't determine where the peak of a bull run would be so i think you guys shouldn't be too hard on yourselves. Think about it, some people have been too greedy to make an exit that instead of making big profits, then end up at a loss. You're actually lucky you got to exit just around 500 usd shy of all time high. That's already a good deal.

[Thanasis]

Some examples maybe when you want to earn as much as you could but your faith in it wavers as the price go low slowly but after you withdrawn from it the odds seems fine and it started to go to the moon in the end leaves you speechless and full of regret. Another one is when you are too greedy in spending on many coins and you don't know how to handle them leaving you confused and ended up in despair.

These examples are the right for the most unlcuky people who were desperate to make some quick money.When we don't have enough patience and taking the decision from no mind condition then we will be much loser and have some personal experience on these.

[upsidedown75]

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

During the pre-bull run in 2017, i had some quantity of Ethereum which i kept for over the prevision years; hope to trade when the market appreciate. In 2017 when i saw the market positive movement; haven seen the movement before on a swinging pendulum, i placed my trade at the price of $812 in Dec. 20-2017 and after some few months away the price hit $1,377, this was my emotional mess.

Lol, I sold mine when the price goes to $400 and then keep some, months later I dumped another set in December 2017 around $800 I think. If I just hold on it for a month (2018) I could have sold them in it's all time high. Anyways, now I just accumulated at lowers lows and hope one day that the price could go on another 4 digits or more. Really hard though, if we involved our emotions here.

I thought I was alone in this, I think mine is even worse than all, though the difference in mine is that I got these coins free through bounty, just that it can be so painful seeing $16000 fly away just like magic and you will be wondering what just happened, during the time bitcoin price was consolidating itself.

I had most of my coins shoot up from total value of $3000, $6500 the first week, my emotion did allow me take my profit, with the news that were all round then that bitcoin will hit $150k, from $6500, I witnessed it jump to $10000, from that to $13k and from $13k to $16k, I started targeting $100k before I withdraw them.

Little did I know that the market was going to correct itself, it gradually started going down and my stubborn emotion still didn’t give way to panic sell till I lost the value to $700 now.

[thegoatiest]

Hit buy. Doesn't fill.
Hit buy until it does - F*** you for not filling.

price comes back down triggers stops, angrily try to short the market - Well if you want to go down. Fine, F*** you I'll short.
Price goes back up, triggers stops. (and me further)
Desperate after losing two trades in a very short space of time, add leverage and go all in without properly planning a trade.
---


when you find yourself doing something similar. Stop. Make a tea. Have a breather. Try some progressive muscle relaxation techniques or whatever works to get you calm.
Only then return.

[rima valen]

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

I felt furious when crypto was on the verge of decline and I invested in the coins that I invested, in the situla I felt emotional

[Question123]

Mostly enotion can cause for the trader to become loss their money. Like for example the price of the coins decrease they start panic selling. Emotion cannot help to you because there is a lot of trader are not successful or become failed because they are base on their emotions.  People who are successful to the trader are not base on their emotion but not all the time emotion are bad.

[Best Dreams]

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

I felt furious when crypto was on the verge of decline and I invested in the coins that I invested, in the situla I felt emotional

Everyone should have guts to invest their money at decline because if price falls and we buy it gives us more income than we invest at high price, being emotional gives nothing but only stress and tension, in trading one have to keep emotions away so that your internal feelings will  not get disturb if you face dim in price.

[nydiacaskey01]

I already posted this experience of mine on another thread but just want to share with you when ANTS renamed to NEO, the price started to climb and I was able to buy ANTS at a good price at the time. NEO went up to I guess it was $80 and I still I didnt sell, I continue to hold on to it until the news about China ban on crytocurrencies started to circulate and everything turned red across the board.

[EXtremeAEX]

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

Here are many examples.
The main problem arises when the emotions overwhelm common sense. A trader becomes addicted to feelings, fears, greed, or other emotions, depending on the situations in which he falls. This provokes him to act recklessly, which in particular leads to a bad result.
Another negative factor is the impact on the health of the trader. If a person is under the influence of emotions 24 hours a day (and with emotional trading, emotions will be with you all the time!), then this causes a huge stress. I remember the days when I could not sleep at night, I woke up several times a night to check all the prices. In fact, in those days I practically didn't sleep. It is very negative on health, both physical and psychological.

[silversurfer1958]

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

My first transaction was ETH / USDT. The volume is very big in Binance and its price always fluctuates very fast, everything happens very hastily and the buying and selling tables stunned me.
bot and traders have been buying and selling continuously. I was planning to buy at $ 212.12 but in the face of real deal, its price was quite strong and I was always hesitant to buy ETH. I worry that its price will be lower than its price set and 30 minutes later, its price has increased to $ 220 and I lost the opportunity to buy because of greed.

[izanagi narukami]

Believe or not, I start trading after I knew cryptocurrency.
I knew about stock trading but never interest until I made some profit from crypto especially on bitcoin.

It's was amazing !
I keep learning about TA and FA so I can go advance

[Rooster101]

Most of the traders experienced emotional trading when they are are still a beginner. Greed, fear and overconfident are the leading emotions that are often experienced by many traders. Emotions, if not controlled, will lead to some losses and stress so it is better to be managed during the trading. I also experienced emotional trading but I managed to control it after I studied some useful trading indicators and other technical analysis that can effectively reduce your losses.

[arpon11]

Believe or not, I start trading after I knew cryptocurrency.
I knew about stock trading but never interest until I made some profit from crypto especially on bitcoin.

It's was amazing !
I keep learning about TA and FA so I can go advance

I have been trading stocks, commodities, securities and forex in the past and when I notice that crypto currency is more profitable to trade than those assets I have to flipped to cryptocurrency. It is far more profitable to trade cryptocurrency and many people are making money from Internet for the first time because of cryptocurrency and that is many people has interest in it more than forex and stocks market now. Emotional trading has rubbed many traders the trade that  could have made them money but due to panic and fear and close that trade.

[shoreno]

I have been trading stocks, commodities, securities and forex in the past and when I notice that crypto currency is more profitable to trade than those assets

good for you because you have already an experience on trading using different assets before you discovered crypto trading while most of us didnt knew those stuffs . we only learn trading because of cryptos however crypto trading is more risky because its way too volatile but those assets that you listed above are less risky because they are stable  though the income that you can get will also be lesser than what you will potentially  earn on cryptos  .

[emberbekas]

greed and fear are the first cause of emotions in trading , knowledge and experience can gradually eliminate , most of the experienced traders also have this difficulties , watching mark douglas and some books is good 

When we have difficulty in controlling our emotions, especially when our assets experience a decline in value, leaving our investment for a while may help us not to be in panic. Fear of losing more money is usually because we are not ready to face the bad reality that can occur in crypto trading. Through experiences, we may get the steady mentality to face such conditions!