Top Three Emotions to Check to Succeed!

[drlukacs]

Yes, I totally agree with these three emotions and we should control them better to trade or invest more successfully. But how to control it? I believe that people are wondering about how to get this right and minimize our time. I would like to share that is hard work and continuous practice. Besides, we have to cultivate more price models, Price action is one of the best and best knowledge to date, indicators only appear after the price is completed.
After learning and choosing for yourself the trading style, you should practice this as much as possible with the least number of accounts possible. because in the first 3 years, traders often lose more than $ 10k to realize the blood experience. That's the way I practice and now I have a passive income.

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[TastyChillySauce00]

Confidence is really a must but having overconfidence on oneself will not bring any good at all. We might commit mistakes and fail most of the time but if we try to control our emotions as much as we can, then it's more likely that we will gain positive result in the end.

Should be aware of too underestimating things aswell, I've read some people with dunning kruger effect could have an inflated self-assessment towards their own capability and that's a really bad thing and being overconfidence will just become a catastrophe to oneself. It's always our ability to read the current circumstance and be aware of it before being confident. Though sometimes I think that being overconfident and greed always correlate to each other.

[Kimonoe]

Confidence is really a must but having overconfidence on oneself will not bring any good at all. We might commit mistakes and fail most of the time but if we try to control our emotions as much as we can, then it's more likely that we will gain positive result in the end.

Should be aware of too underestimating things aswell, I've read some people with dunning kruger effect could have an inflated self-assessment towards their own capability and that's a really bad thing and being overconfidence will just become a catastrophe to oneself. It's always our ability to read the current circumstance and be aware of it before being confident. Though sometimes I think that being overconfident and greed always correlate to each other.

confident is needed, but will backfire if we are too confident, so do not pay attention to risk and force yourself with market movements that occur. therefore staying alert is the key to always being consistently profitable. maintaining psychological stability remains a lifelong lesson

[Trela]

Confidence is really a must but having overconfidence on oneself will not bring any good at all. We might commit mistakes and fail most of the time but if we try to control our emotions as much as we can, then it's more likely that we will gain positive result in the end.

Should be aware of too underestimating things aswell, I've read some people with dunning kruger effect could have an inflated self-assessment towards their own capability and that's a really bad thing and being overconfidence will just become a catastrophe to oneself. It's always our ability to read the current circumstance and be aware of it before being confident. Though sometimes I think that being overconfident and greed always correlate to each other.

confident is needed, but will backfire if we are too confident, so do not pay attention to risk and force yourself with market movements that occur. therefore staying alert is the key to always being consistently profitable. maintaining psychological stability remains a lifelong lesson

Greed, fear, or confidence are required when trading in this market. They will complement each other as long as you manage your psychology appropriately.

A little bit of greed is necessary for huge profits, and fear will hold you back when you're too greedy. Self-confidence is also helpful. You cannot make a clear and quick decision if you tell me you do not have solid confidence. All information from outside is for reference only. So, after all, you still have to decide everything and accept all the consequences.

Balance everything is the best. And just as Kimonoe said: this is a lifelong lesson.

[lunnatic]

Confidence is really a must but having overconfidence on oneself will not bring any good at all. We might commit mistakes and fail most of the time but if we try to control our emotions as much as we can, then it's more likely that we will gain positive result in the end.

Should be aware of too underestimating things aswell, I've read some people with dunning kruger effect could have an inflated self-assessment towards their own capability and that's a really bad thing and being overconfidence will just become a catastrophe to oneself. It's always our ability to read the current circumstance and be aware of it before being confident. Though sometimes I think that being overconfident and greed always correlate to each other.

confident is needed, but will backfire if we are too confident, so do not pay attention to risk and force yourself with market movements that occur. therefore staying alert is the key to always being consistently profitable. maintaining psychological stability remains a lifelong lesson

if you have a strong knowledge in trading or investment, confidence is not a problem that is an issue there is your strategy, someone has different strategies for success, you must understand yourself

[ice098]

Yes, I totally agree with these three emotions and we should control them better to trade or invest more successfully. But how to control it? I believe that people are wondering about how to get this right and minimize our time. I would like to share that is hard work and continuous practice. Besides, we have to cultivate more price models, Price action is one of the best and best knowledge to date, indicators only appear after the price is completed.
After learning and choosing for yourself the trading style, you should practice this as much as possible with the least number of accounts possible. because in the first 3 years, traders often lose more than $ 10k to realize the blood experience. That's the way I practice and now I have a passive income.

Yes  , if we master to hold this emotions, if we are able to control these, I think it could be very helpful to us since these are the major factors that affects the way we trade, it is need to be learned so that by the next time we trade , the list of emotions stated above cannot hinder us.

[killerfrost]

Agree with your views, I always fail in this market by my greed. I have held a lot of altcoins since the beginning of 2018 and in the hope that the price will quickly surpass the old ATH because the market is getting excited. But the result was a series of altcoins I held collapsed and I did not cut losses. I still keep my opinion, the price will definitely go up soon. And so far most of those altcoins are dead, and my greed has made me lose a lot

[MairaObergh]

Missed opportunity can lead to greed due to trying to make up for it.

[mamahdedeh]

Agree with your views, I always fail in this market by my greed. I have held a lot of altcoins since the beginning of 2018 and in the hope that the price will quickly surpass the old ATH because the market is getting excited. But the result was a series of altcoins I held collapsed and I did not cut losses. I still keep my opinion, the price will definitely go up soon. And so far most of those altcoins are dead, and my greed has made me lose a lot

I think many friends here have experienced like you, including me. our greed when seeing the market continues to rise as if making us forget that the market can collapse at any time. especially at that time there were no candle prisoners to the left of the candle at this time. regret is allowed, but we must be able to fix it

[Assface16678]

Confidence is really a must but having overconfidence on oneself will not bring any good at all. We might commit mistakes and fail most of the time but if we try to control our emotions as much as we can, then it's more likely that we will gain positive result in the end.

Should be aware of too underestimating things aswell, I've read some people with dunning kruger effect could have an inflated self-assessment towards their own capability and that's a really bad thing and being overconfidence will just become a catastrophe to oneself. It's always our ability to read the current circumstance and be aware of it before being confident. Though sometimes I think that being overconfident and greed always correlate to each other.

confident is needed, but will backfire if we are too confident, so do not pay attention to risk and force yourself with market movements that occur. therefore staying alert is the key to always being consistently profitable. maintaining psychological stability remains a lifelong lesson

if you have a strong knowledge in trading or investment, confidence is not a problem that is an issue there is your strategy, someone has different strategies for success, you must understand yourself

In trading, you can experience a lot of emotions before you are going for trading. If you are beginner, you will feel a lot of excitement on your body because this is the time that we are now included to the world of cryptocurrency, and then after you start your trading and investment, you will feel of some doubting and worried on your self because this is the time that we are thinking are we going to get a lot of profit or do we lose our money if we win our trade this gives a lot of glad and being thankful because our hard work earn a lot of money, but if we lose it is better to think positively even we lose some percentage of our money, it is better than receiving back of nothing. Always trust of all our trades to attract more positive vibes and gives us a lot of confidence.

[CarnagexD]

Agree with your views, I always fail in this market by my greed. I have held a lot of altcoins since the beginning of 2018 and in the hope that the price will quickly surpass the old ATH because the market is getting excited. But the result was a series of altcoins I held collapsed and I did not cut losses. I still keep my opinion, the price will definitely go up soon. And so far most of those altcoins are dead, and my greed has made me lose a lot

I think many friends here have experienced like you, including me. our greed when seeing the market continues to rise as if making us forget that the market can collapse at any time. especially at that time there were no candle prisoners to the left of the candle at this time. regret is allowed, but we must be able to fix it

Well greed become our vice on trading and investment because we think that there is an equal risk (50 to 50) even not weighing the variables. On top of that is the market changes time by time that affects the decision making of ours. Greed after greed, stop loss after greed is what makes our portfolio in silly situation not making enough when the market has the best opportunity to grab.

[crisanto01]

In trading, you can experience a lot of emotions before you are going for trading. If you are beginner, you will feel a lot of excitement on your body because this is the time that we are now included to the world of cryptocurrency, and then after you start your trading and investment, you will feel of some doubting and worried on your self because this is the time that we are thinking are we going to get a lot of profit or do we lose our money if we win our trade this gives a lot of glad and being thankful because our hard work earn a lot of money, but if we lose it is better to think positively even we lose some percentage of our money, it is better than receiving back of nothing. Always trust of all our trades to attract more positive vibes and gives us a lot of confidence.

That's why as a beginner you should just trade the amount of money you are willing to give up and consider it as your training fee if ever you lose it, and don't be too serious when you lose from your training as even the experts are losing money too, so it is a gamble, so you should always be careful with what you are doing, think well and focus on it.

[desticy]

In trading, you can experience a lot of emotions before you are going for trading. If you are beginner, you will feel a lot of excitement on your body because this is the time that we are now included to the world of cryptocurrency, and then after you start your trading and investment, you will feel of some doubting and worried on your self because this is the time that we are thinking are we going to get a lot of profit or do we lose our money if we win our trade this gives a lot of glad and being thankful because our hard work earn a lot of money, but if we lose it is better to think positively even we lose some percentage of our money, it is better than receiving back of nothing. Always trust of all our trades to attract more positive vibes and gives us a lot of confidence.

That's why as a beginner you should just trade the amount of money you are willing to give up and consider it as your training fee if ever you lose it, and don't be too serious when you lose from your training as even the experts are losing money too, so it is a gamble, so you should always be careful with what you are doing, think well and focus on it.

In general, this key rule applies not only to novice traders, but also to experienced traders.

I would not recommend beginners to trade for real money at all. It is obvious that because of the mistakes made, the probability of losing this money is very high.
Then why? You can work out all the basic techniques on a demo account.

[Clark05]

Sometimes emotions can go to us to our sucess and our failure it depends on we are handle it for sure we do not know how to control our emotion it can cause a bad effects on what we are doing but if we know our limits and know to manage our emotions they have a big possibility that we are going to success and achieve what we want.

[TheUltraElite]

if you have a strong knowledge in trading or investment, confidence is not a problem that is an issue there is your strategy, someone has different strategies for success, you must understand yourself

I dont think confidence comes from knowledge of trading. one can be theoritically very strong in trading but does that make then a confident one? Rarely a person of this sort would actually be trading. They would apply for a post of financial manager who are literally involved in pumping and dumping coins by whales acting as middlemen between whales.

But then those who are jumping in to trade are mainly risk takers not looking for a stable income from trading itself. Whether they are confident about a certain investment depends on their belief or how stubborn they may be.

[Barbut]

if you have a strong knowledge in trading or investment, confidence is not a problem that is an issue there is your strategy, someone has different strategies for success, you must understand yourself

I dont think confidence comes from knowledge of trading. one can be theoritically very strong in trading but does that make then a confident one? Rarely a person of this sort would actually be trading. They would apply for a post of financial manager who are literally involved in pumping and dumping coins by whales acting as middlemen between whales.

But then those who are jumping in to trade are mainly risk takers not looking for a stable income from trading itself. Whether they are confident about a certain investment depends on their belief or how stubborn they may be.

He is probably referring that with knowledge comes confidence. When you know more about something you feel more confident about and around that. It's human psychology, it works every time. We can speak about human stupidity and mistakes in crypto trading, but we will get nowhere. Crypto market is new for many people, many of us jumped in this without any knowledge about the economy, trading and other stuff, and normally many lost money in that process of learning. The bottom line is that some people learn and find a way to make a profit, some never do.

[jostorres]

When I invested in Bitcoin I didn’t do it because I had plans to make lots of money. I was only told that BITCOIN is a peer-to-peer method of transaction and that it has "some" volatility. So, I decided to make use of it and funded my Coinbase wallet with some money that I can be using for some transaction, I was also able to receive some money through. Was surprised when it started fluctuating heavily and when I noticed that I was accumulating a good amount of profit, I decided to invest a bit more than what I had then, and the next thing a bull run came and I was made even more profit.

There were also times that I lost a percentage of my money. Anyone that is buying Bitcoin should take away greed completely because it’s never going to work out, you’re just going to mess yourself up.

[breathlessz]

Sometimes emotions can go to us to our sucess and our failure it depends on we are handle it for sure we do not know how to control our emotion it can cause a bad effects on what we are doing but if we know our limits and know to manage our emotions they have a big possibility that we are going to success and achieve what we want.

Managing emotions is not as easy as we imagine, and this emotion is the most important thing in determining success in the crypto world. especially with high fluctuations, can make psychological disturbed, so we must be able to control it so as not to panic

[deisik]

if you have a strong knowledge in trading or investment, confidence is not a problem that is an issue there is your strategy, someone has different strategies for success, you must understand yourself

I dont think confidence comes from knowledge of trading. one can be theoritically very strong in trading but does that make then a confident one? Rarely a person of this sort would actually be trading. They would apply for a post of financial manager who are literally involved in pumping and dumping coins by whales acting as middlemen between whales

I'm not even sure anyone can be "theoretically strong in trading"

To me, it would feel like a very high degree of sarcasm if someone addressed someone else in that way. Just imagine a person being referred to as "a very knowledgeable boxer" who never actually fought a round in the real ring. Could we call him a boxer at all? I guess, no, and the same is equally applicable to trading. You can be a strong trader only if you trade successfully in real markets, and that means genuine, first-hand experience

[Yatsan]

Sometimes emotions can go to us to our sucess and our failure it depends on we are handle it for sure we do not know how to control our emotion it can cause a bad effects on what we are doing but if we know our limits and know to manage our emotions they have a big possibility that we are going to success and achieve what we want.

Emotions are tough to handle. When it regards to trading it's hard to control when the market is on shit, and no one has an idea on what's happening, For example, the coin that you are holding dumped for no reason the only thing that you are going to do is to sell because that's the only option you think. Then you do it, that's because of the emotion. Emotion is hard to handle the same with success, and I think a very few people are managing their emotion so that they are rich today.

Confidence is really a must but having overconfidence on oneself will not bring any good at all. We might commit mistakes and fail most of the time but if we try to control our emotions as much as we can, then it's more likely that we will gain positive result in the end.

Should be aware of too underestimating things aswell, I've read some people with dunning kruger effect could have an inflated self-assessment towards their own capability and that's a really bad thing and being overconfidence will just become a catastrophe to oneself. It's always our ability to read the current circumstance and be aware of it before being confident. Though sometimes I think that being overconfident and greed always correlate to each other.

confident is needed, but will backfire if we are too confident, so do not pay attention to risk and force yourself with market movements that occur. therefore staying alert is the key to always being consistently profitable. maintaining psychological stability remains a lifelong lesson

The best thing is to balance all your emotion because if something is too low, it will not be alright. If something is too high, it will also not be alright, and If you are maintaining your emotion, then you are good to go to, every market crash that is going to happen I am sure that you can handle it.