First hand examples of Emotional trading

[omonuyak]

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

Sometime in 2011 when I was trading forex, I could still remember one day after analyzing the market and put a buying other and about three minutes the price stated going against my position!  I quickly close the position and as if someone was seeing what I was doing I find out that the price stop at that point and reverse to favour my decision and at that time I have closed the position for fear of losing too much.

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[Supercrypt]

Last year I missed a big opportunity to gain from MTC tokens just due to my greediness. I got some big amount of tokens from few campaigns. First I sold some tokens for 250 satoshi and after few days I did see prices were trading above 1200 to 1500 satoshi but I did not sell and the prices went up to 6000 satoshi also but I waited for 10k satoshi per token but now it is trading below 500 satoshi (when I checked last) and I am still holding them. I guess 5k satoshi must be a good prices but my greediness stopped me and made to wait for months to years.

Another similar incident was with IPSX, I got some tokens worth of $1200 but did not sell them and still holding for less than $100.

I rushed to buy lisk when it was trading under 80k satoshi by last June and now it is trading around 33k satoshi. This is an example of not waiting for right price and not averaging the buying levels.

[Slow death]

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

Thing that happened to me many months ago:

I did trade, but the funds I used to trade came from the signature campaign, I had little profit and every day it was very stressful for me to see that profit so little, I started thinking, "If I could have more money, I would have more profits... ". So I took my stuff and sold it and asked my parents to give me money and bought bitcoins. But even then I still felt that the profit was very small. so I started taking all my money from my bank account to buy bitcoins, greed was destroying me and I was not realizing it... I just wanted to make very high profits as soon as possible that I do not realize that in real life I did not buy anything for myself.

So I had to stop doing trade and get some rest, that's how my greed is over, and today I'm happy with every profit I have, and I know how to conserve the money to trade and the money to buy things in real life.

[1Referee]

Going all in with my savings back in 2013 was definitely the deepest point of my time in crypto.

I couldn't stop thinking about all the possible things that could go wrong that would make me lose my savings. Almost every minute of the day I checked the price to see if I made some money or lost money, and this continued for like a week straight. I ended up panic selling at a ~15% loss, then went all in again after the price recovered, then again sold at a loss.

Going all in is bad in so many ways, but the losing aspect isn't even the worst part if you think about it, the stress and the bad mood that comes with it is so much worse.

Saving up a decent amount of money takes a good decade, getting rekt in crypto can be done within a year.

[emberbekas]

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

When the value of our assets continues to decline day by day, it will be a difficult time for us to fight with our own fears. It would be better to leave our investment for awhile when the decline occur so our emotions won't ruin it.

[clover12]

Going all in with my savings back in 2013 was definitely the deepest point of my time in crypto.

I couldn't stop thinking about all the possible things that could go wrong that would make me lose my savings. Almost every minute of the day I checked the price to see if I made some money or lost money, and this continued for like a week straight. I ended up panic selling at a ~15% loss, then went all in again after the price recovered, then again sold at a loss.

Going all in is bad in so many ways, but the losing aspect isn't even the worst part if you think about it, the stress and the bad mood that comes with it is so much worse.

Saving up a decent amount of money takes a good decade, getting rekt in crypto can be done within a year.

Thanks for sharing that one Ref.

Yeah I started buying during the big bull run and had been making bitcoin buys on the way down. I lost a lot. In hindsite I would not "hold on for dear life" watching the price on a nearly constant decline, and instead just set a sell limit order.

[johanesrobin]

Doing stupid things, like selling your coins cheaply. Though coins have good potential according to your beliefs at the beginning.
then too quickly believe in negative issues so you panic and do carelessness.

[adaseb]

I think the main reason why most people fail at making any money trading is due to greed and fear.

Most people buy a stock, and when it goes up like 1%, they sell because its free money for them. However if it goes down 1%, they don't sell. When it goes down 5% they still don't sell, only when it goes down like 50%, they finally sell and it usually reverses then.

And this is why its difficult for most retail traders to make money. They are good at picking good trades but their risk/reward is completely messed up because they never want to take a small loss or a big loss. And it should be completely the opposite where you only take large profits instead of small profits and take small losses instead of big losses. However emotionally its very difficult for humans.

[leowonderful]

The ATH with BTC near $20k was a pretty good example of greed for me personally; I didn't cash out all of my stack near there but I did cash out a good portion of it. My buy-in price was many times lower than the ATH and I'm still not in the red, but if you're trading, it's extremely important but also difficult to figure out when and where to take profits and when to accumulate coins. I still have problems with this, though I've traded quite a bit since then and I have better control over my trades now.

[D3m1r4wanti]

some of the conditions that I experienced when I traded emotionally or had a high sense of panic include:
- hurry to buy lots of coins when the price drops, even though some time later the price decreases.
- dream of getting big profits with fast trading
- Not selling when the price is high, because it already has a price target, even though the price has dropped a few moments later.

[ufaiz50]

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

You know you can more easily find this answer on Google because there are so many trade articles that discuss this, not only in crypto trading but in forex and other trading, not to take emotional action because it can be risky for a solid strategy, the point will damage your startegy.

[btc78]

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

When you are so desperate to gain when its obvious that market is falling

When you wanted to gain more than 100% even that you bought a shitcoin

When you panicked even a small drops happening inyour folio

And lot more to mentioned

[BitcoinHunt3r]

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

I have some experience when emotion took away my trading profit. Because i'm still on work and then bittrex coin get pumped, i actually bought that coin in normal price. But boss come and then i panic and what make it worse, the coin dumped very much and i not sell it yet. And it end with i cutloss my coin, then price back pumped again.

[oceantiger]

Revenge trading is a first-hand example of emotional trading. When you have a trade set up and entered the trade and in between the trade something happens that changes the course of the market movement to be against you. If you are a good trader then close trading that day to come back to trade another day. If you are an emotional trader you will like to revenge the loss and enter trade again which most of the time will bring more loss.

[Ararbermas]

Panicking and always making mistakes decision is the common problem of some traders nowadays  .which is even though have no specific information, always quick jump but always regrets as well at the end. . that's always the worst nightmare of some noob traders .

[akram143]

- You feel so greedy and you want to make a profit of 150% overnight
- You take too long to decide when to sell off or buy
- Your buy or sell actions are often determined by sudden price changes i.e. Buying coins at peak price and panic selling them off at bottom prices.

you are absolutely right when the emotions will mix up with the trading the above mentioned points are definitely came to our subconscious very easily and it takes a long time to vanish in our mind so this will definitely not so good for trading.

[wendiar19]

some traders who still do not know how to choose tokens that have the potential to increase prices usually they will sell it at a low price while a few days later the price becomes very expensive, and what is worse is that many traders cannot control their patience.

[upsidedown75]

some traders who still do not know how to choose tokens that have the potential to increase prices usually they will sell it at a low price while a few days later the price becomes very expensive, and what is worse is that many traders cannot control their patience.

But I do see this is due to lack of awareness on the potential of those tokens. I mean they are failing to predict the maximum value for those tokens for a given time period and this is the reason they are selling in hurry. We need to understand the basic facts of how emotions will work like if we are confident about target levels then we may easily control our emotions.

[Reid]

Sleepless nights. 

You keep on waiting for more even if there is already profit.
Greed is taking over and eating you. You are already messing up the time of lunch and dinner. 

At bear market, you keep on thinking that the price will go up even if all proofs are already in front of you tell you to withdraw.
You just want that ROI back but your token are already at zero value. 

[Xising]

first is patience,
patience is the main key to successful trading, because without patience we will often be stressed when seeing the market go down so fast,
the second is don't panic.
do not panic is the second key to successful trading, because if we often panic then we will also often cut losses,
and learning to control both emotions is the key to success.

I agree. It happened to me once when I panic bought some coins when their prices went low without thinking how much time or the percentage of them gaining back up. I was so excited then, and surely, it can to bite me on my ass, since some of them never really recuperated and some I only sold on break even. I was really frustrated since what I used that time are the returns I earned from a long and much anticipated ICO rewards where I started before. I have yet to learn then to be tactical with my actions, especially in the trading market.