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Idrisu
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February 21, 2019, 07:22:38 PM |
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We must understand that emotions on trading is not totally bad as it helps us reduce loses some times. However last two year precisely, I bought lisk when it was below $2 and when lisk went to $5 ,I sold it out of fear that holders are going to dump it. When it was $24, I bought it and I am still holding it till now that is less than $2!
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Botnake
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February 23, 2019, 06:34:03 AM |
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We must understand that emotions on trading is not totally bad as it helps us reduce loses some times. However last two year precisely, I bought lisk when it was below $2 and when lisk went to $5 ,I sold it out of fear that holders are going to dump it. When it was $24, I bought it and I am still holding it till now that is less than $2!
You did not make a bad decision here since you are still holding it until now. Lisk is one of the best coin in the market, the volume is good and the development as well, you don't need to panic the fundamentals is good, price may change based on the market sentiment and I believe we will see it value more than $24 in the future. |
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valheru
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February 24, 2019, 12:19:14 AM |
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I think that the two most emotionally influencing badly the trades are patience and panic. Panic excites the investor and makes unreasonable moves. When the investor anticipates or thinks that he will lose the money he earns, he panics and tries to sell all of his investments cheaply. We shouldn't do that.
Patience is the most necessary thing for the investor. An impatient investor would miss all the opportunities. An impatient investor may often not successful.
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R.R.L.
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Tungsten-1
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February 24, 2019, 05:18:11 PM |
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We must understand that emotions on trading is not totally bad as it helps us reduce loses some times. However last two year precisely, I bought lisk when it was below $2 and when lisk went to $5 ,I sold it out of fear that holders are going to dump it. When it was $24, I bought it and I am still holding it till now that is less than $2!
You did not make a bad decision here since you are still holding it until now. Lisk is one of the best coin in the market, the volume is good and the development as well, you don't need to panic the fundamentals is good, price may change based on the market sentiment and I believe we will see it value more than $24 in the future. Panic selling is not good for sure, so no doubt you have done really good choice, not only this but every coin which has good result should be hold for long term and I am holding happily emotions does not have any place for tr4ading because those who sells being emotional gets lose at the end, so keep your emotions away and try to trade safely without lose. |
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Ultimist
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February 25, 2019, 12:00:56 AM |
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Sometimes i want to get more money and it happened that I made a day more deals than planned to make. And thus i lose money, because I did not bother to consider their actions and to stop in time. But now I've learned to control my emotions.
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leavolnhals
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February 25, 2019, 12:57:08 AM |
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What are some examples of when emotions mess up your trades?
For example, I used all my savings to invest in a coin and I did not thoroughly analyze that coin. When I have invested, I will often be very worried and think that it is not the same as the analysts say. it often worries me and of course I have sold holes quite a lot. So experience is a planned investment. Please determine your own finances best, analyze the coins yourself for investment and absolutely do not invest in the majority. |
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peonminer
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February 25, 2019, 12:58:34 AM |
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What are some examples of when emotions mess up your trades?
shorting ETH when it was .04 before the last bitcoin pump... fml lol margin called and I will never trade like that again... |
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mornabo
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February 25, 2019, 01:34:08 AM |
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We must understand that emotions on trading is not totally bad as it helps us reduce loses some times. However last two year precisely, I bought lisk when it was below $2 and when lisk went to $5 ,I sold it out of fear that holders are going to dump it. When it was $24, I bought it and I am still holding it till now that is less than $2!
Yeah, sometimes fear and panic can save you from big losses, but if you're lucky. I think panic is still a bad thing and should be avoided, what if after you sell the price goes up? in my opinion the best is to use your calculations, it will be more rational and trustworthy |
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karungbitcoin
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February 25, 2019, 08:32:09 AM |
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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.
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voltesbit777
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February 25, 2019, 01:51:53 PM |
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What are some examples of when emotions mess up your trades?
The sign of being emotional such as follows: - We feel panic and Fear - We become greed due to desiring of getting profit in a short period of time. - We feel relax and calm when we do trade in the platform. - We have self-discipline or self-control These are the things I knew when we encountered those emotions. |
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Kahoy01
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February 25, 2019, 03:22:50 PM |
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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.
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clover12 (OP)
Jr. Member
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Activity: 168
Merit: 2
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February 25, 2019, 03:31:03 PM |
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How do you deal with emotions when Binance exchange says it is unavailble? I guess it will be back up soon but still. I want to get my money outta there.
Another idea; How do you deal with emtions when you get hacked and all your money is gone? Must be ways to prepare for the worst!!!
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iv4n
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Activity: 3122
Merit: 1171
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February 25, 2019, 03:56:41 PM |
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How do you deal with emotions when Binance exchange says it is unavailble? I guess it will be back up soon but still. I want to get my money outta there.
Another idea; How do you deal with emtions when you get hacked and all your money is gone? Must be ways to prepare for the worst!!!
Both things happened to me in early days, it`s not pleasant at all! But I`m alive and well, learned a lot. After some time you understand it`s the only good way, to learn from it and move on. Emotional trading is not that, emotional trading is when you see prices going up and you rush to buy, that`s emotional, I often do that in the beginning. When I see dumping I rush to sell in panic to not lose a lot and to short, do you know in how many traps I fall cause of that?! Many times, but with practice and learning on mistakes you are progressing, now I`m making money even now, I took couple hundred dollars when bitcoin made a nice spike, no emotions, no regrets, just doing what has to be done. |
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clover12 (OP)
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Activity: 168
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February 25, 2019, 04:05:28 PM |
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How do you deal with emotions when Binance exchange says it is unavailble? I guess it will be back up soon but still. I want to get my money outta there.
Another idea; How do you deal with emtions when you get hacked and all your money is gone? Must be ways to prepare for the worst!!!
I took couple hundred dollars when bitcoin made a nice spike, no emotions, no regrets, just doing what has to be done. So it is just another day in the office for you. |
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GregH37
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Activity: 1302
Merit: 1037
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February 25, 2019, 05:52:44 PM |
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Trading requires a strong heart and mind and trading with emotion could be disastrous, this is what makes a lot of people miss their opportunities when it comes and they don’t see it. Emotional trading of course will bring in greed which is an example; its makes your trade looks like you are gambling, day traders often get caught up in this mess.
When I just started trading on my own I lost a little above 1000 usd week after I started trading with 850usd, the trading started well when I take my profit once it shows green light no matter how little it is and that is how I got to 1000 usd from 800 usd but after I allowed my emotion to set in, I felt I could leverage high so I can take big and fast profit without considering the risk and that is how I lost it.
So, first thing is to take greed out, you know we can’t control the market but can control our emotion and get the best out of it.
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Noa_Amable
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February 25, 2019, 06:04:11 PM |
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What are some examples of when emotions mess up your trades?
I have a friend who experienced the following situation: He gained about 80% of his deposit per week by trading stocks during QE reports. After closing his positions he decided to make another deal and paid attention to commodities and after consideration he decided to trade corn futures. He used almost all of his balance for this. And corn went against him. He faced short margin. He hates corn and financial adviser s since that time. He was so happy by earning 80% of his deposit for a week only so he was almost blind not to follow the advice for buying another shit... |
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Tungsten-1
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February 25, 2019, 06:27:21 PM |
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What are some examples of when emotions mess up your trades?
The sign of being emotional such as follows: - We feel panic and Fear - We become greed due to desiring of getting profit in a short period of time. - We feel relax and calm when we do trade in the platform. - We have self-discipline or self-control These are the things I knew when we encountered those emotions. All of them are sighted to become an emotional trader, according to me it is so natural to lose your patience when you see price is falling massively and also it is natural to hold when price is increasing to wait for high profit, but if you want a peaceful trading don’t let your emotions take your profit away because emotions can destroy your internal strength to become a trader. |
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Mister1k
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February 25, 2019, 06:40:00 PM |
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When you have an exchange kind of option and entered the exchange and in the middle of the exchange something happens that changes the course of the market development to be against you. On the off chance that you are a decent broker, at that point close exchanging that day to return to exchange one more day. In the event that you are a passionate merchant you will jump at the chance to vindicate the misfortune and enter exchange again which more often than not will bring more misfortune.
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Ispep
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The future of security tokens
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February 25, 2019, 07:10:47 PM |
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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
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clover12 (OP)
Jr. Member
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Activity: 168
Merit: 2
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February 25, 2019, 08:12:42 PM |
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We are here to make some money right? Well if I see the chart looks good, maybe I want a little bit more...  |
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