Top Three Emotions to Check to Succeed!

[wxa7115]

That is true, and I admit that these mistakes often occur to me personally, for some reason the problem is difficult to avoid until such a mistake is usually made even by others even though they already have enough experience. I'm sure such problems can be avoided when someone already has very good knowledge, because even experience is not enough to avoid these problems, because even when we have high confidence then in the end it will also be something that is not good, but when we have good knowledge and experience in the sense that everything must be applied simultaneously, then the results will be good too as long as we can struggle and work better planned and controlled well.

Managing our emotions can be quite problematic, after all if you are losing money in the markets and that money is a significant amount of the money you have saved over the years then it is natural that you are mad about it, the only way I have found to nullify those negative emotions when I am trading is by my experience and my knowledge, my experience helps me because every time I have gone with my emotions and against what the market told me I lost money.

And my knowledge helps as well because I know that what I am doing should give me profits in the long term and I am not like most newbie traders that are just hoping that whatever they are doing is somehow profitable but without actually knowing if it is.

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[btcmurat]

Patience is very important. There are things you need to do to achieve this. Under normal circumstances, you can be very patient. However, it is very difficult to bear while losing money in this market. To overcome this, you must invest with money that you do not need.

[wxa7115]

Greed is definitely the number one thing. They can invest sums that we can lose, but some of us invest amounts that are too big out of greed that they can't even afford to risk it. Greed is what continues to confuse other people, and eventually they still wonder why they have fallen for it. Imagine holding your money and then waiting until the price goes up, and all of a sudden the price begins to go up and you start buying lots of coins because you think the price is going to go up forever and you're going to become a millionaire overnight, haha, that's greed, you're taking those who've been holding a fool for a long time.

Greed without a doubt is the number one problem in this market, but it is inevitable, we are all looking to get more money out of of our investment, if that was not true then we will not be here and be invested in this market, what we must do is to control that greed and the only way to do that consistently is to have a very defined strategy about what to do in every single circumstance.

That way you're not going to let your emotions take control of you just at the moment in which you need to be more focused about doing the right move, if you are able to create a successful and logical strategy then most likely you will become one of the few good investors that earn money in this market.

[Genemind]

This is definitely true. There's actually a saying that if we can't control our emotions, it will control us which will surely result in wrong decisions and regrets in the future. We should think of things well before we make a certain decision because one wrong mistake could ruin our trading or even our gambling journey. Our emotions will be like a roller coaster ride in cryptoworld so we have to be mindful of it.

[Google+]

This is definitely true. There's actually a saying that if we can't control our emotions, it will control us which will surely result in wrong decisions and regrets in the future. We should think of things well before we make a certain decision because one wrong mistake could ruin our trading or even our gambling journey. Our emotions will be like a roller coaster ride in cryptoworld so we have to be mindful of it.

when humans are tested with cryptocurrency market conditions that have volatile price rises and falls then they will find it difficult to control their emotions because there is always a sense of worry and they are afraid of a very high risk of loss, whereas cryptocurrency price movements no one can guess when an increase in price and prices could fall immediately.

[greatr]

Greed is definitely the number one thing. They can invest sums that we can lose, but some of us invest amounts that are too big out of greed that they can't even afford to risk it. Greed is what continues to confuse other people, and eventually they still wonder why they have fallen for it. Imagine holding your money and then waiting until the price goes up, and all of a sudden the price begins to go up and you start buying lots of coins because you think the price is going to go up forever and you're going to become a millionaire overnight, haha, that's greed, you're taking those who've been holding a fool for a long time.

[Blackdeath]

Greed is definitely the number one thing. They can invest sums that we can lose, but some of us invest amounts that are too big out of greed that they can't even afford to risk it. Greed is what continues to confuse other people, and eventually they still wonder why they have fallen for it. Imagine holding your money and then waiting until the price goes up, and all of a sudden the price begins to go up and you start buying lots of coins because you think the price is going to go up forever and you're going to become a millionaire overnight, haha, that's greed, you're taking those who've been holding a fool for a long time.

Indeed. Greed is the first thing that a crypto user should avoid because anyone could lose a lot of money if they can't control themselves from being greedy that they always aiming for big amounts but not the risk. Always aiming for huge profit is really a bad idea for an investor because you might get scam if you can be easily be trick by promises that are too good to be true.

[judaspriest]

Patience is very important. There are things you need to do to achieve this. Under normal circumstances, you can be very patient. However, it is very difficult to bear while losing money in this market. To overcome this, you must invest with money that you do not need.

I agree with you, but just patience is not enough to achieve success, find a coin or project that has strong fundamentals and buy a few coins, hold until the time comes, have fun