Top Three Emotions to Check to Succeed!

[Sharon121212]

Greed being a part of the emotions to curtail yes I Can relate to that but fear and confidence being there at the same time is very much contradicting yourself.
I think confidence is a good emotion to keep it helps you make decisive decision and stand by them without flinching or double minded

[1714783524]

1714783524

[deisik]

I am related to confidence right on this statement, last week the market had a good condition and upward situation that's why I didn't sell my token from the project that I participated and I am felt a confidence that it will go up a little more. But now, s**t almost 40% from holding had lost but I'm not losing hope and confidence that it will back to normal situation. I am not greed but isn't bad if we looking more profit than we expected.

OP, maybe make it top 4 of emotions to check to succeed.
4. PATIENCE - patiently wait and the right timing is also considering though.

On the last bear market the patience was a word that some people who were afraid to cash out were throwing around, like "be patient and wait for x years". I might have been one of them. When in fact it would have been better for people some to sell, and the patience comes to picture when you patiently have to wait until the bear market is over and don't get fomoed in before that

And what's the lesson to take home?

Right, that patience itself doesn't mean a thing. To put it differently, you can be patient as rock and still lose. On the other hand, you can be impatient as wind and nevertheless book profits regularly. As they say, it all depends. At times you should wait patiently, while at other times you should react promptly. And if you know what you are doing (not just imagine that you do but actually know), then the whole problem is effectively taken out of the equation as you will act as required by the market situation - fast or slow

[Aero Blue]

"There are many things that we would throw away if we were not afraid that others might pick them up." - Oscar Wilde

Point: Don't give into peer pressure or let people force you into doing things you normally wouldn't. Free yourself.

[justdimin]

I still can't get over that fear, its not really that easy to overcome such a feeling. I mean we are in bitcoin world and I know many people here are joining here with their investments and do trades and what not but some of us here like me live in crypto world as a whole. I work here, I make my money in crypto and I have been in crypto for years, I do not have a fiat life of my own.

So, when bitcoin goes up a lot then I make a decent amount of money and can survive, if bitcoin prices go low then I can't and I am in big trouble, that is why I always try to stay in either tether or fiat because even though I love the feeling of making money out of nothing when my bitcoins go up in value I also can't afford to lose money when they go down hence I keep selling. Fear is something you can't get rid of that easily.

[CryptopreneurBrainboss]

.
I think confidence is a good emotion to keep it helps you make decisive decision and stand by them without flinching or double minded

That's quite true but if you did read OP comments associated with the third emotion listed above you would understand that he meant the bad aspect of confidence tagged over confidence and not the good kind. Not forgetting the popular saying, "too much of everything is bad and what does have a good side also has its bad side". Over confidence is a silent killer and can cost you, your capital when investing if not handled properly, so OP is right in highlighting it as an emotion to put under control although what he should have written is over confidence and not just confidence, as those who just skimmed through OPs before replying might cause them to misinterpret the intended message.

[deisik]

That's quite true but if you did read OP comments associated with the third emotion listed above you would understand that he meant the bad aspect of confidence tagged over confidence and not the good kind. Not forgetting the popular saying, "too much of everything is bad and what does have a good side also has its bad side". Over confidence is a silent killer and can cost you, your capital when investing if not handled properly, so OP is right in highlighting it as an emotion to put under control although what he should have written is over confidence and not just confidence, as those who just skimmed through OPs before replying might cause them to misinterpret the intended message

But there's a catch (more like catch-22 really)

As the saying goes, it is easy to be wise after the event, and while you can easily determine when you feel fear or greed (or any other emotion, for that matter), then at least try to do something about it, it is impossible with overconfidence (and that also explains why it is not an emotion at all)

Really, how do you know in advance whether you are in fact overconfident or just being rightfully confident? You can only judge yourself after being proved wrong in your attitude. Otherwise, you have all the reasons to say that you were just confident what the market confirmed and validated

[Bitcoin Seller]

Actually, we can never control them instantly.
As Sigmund Freud stated on his 3 components of personality, we have id, ego and superego.

Id is our subconscious, we are dreaming of the thing or event that we really want to happen. Just like dreaming to be a millionaire in just one moment trade. With that case, we becomes greed. We will just control it if we our superego reacts. That happens when we balance our emotions and satisfy our desire.

Greed can be controlled. If we manage to do it, trading will be the better success than before.

Actually, I have some problems with other emotions when investing and trading. First of all, it is great excitement, especially, when I see that the altcoins I trusted are going up. Here, it is much better to have a clear head and not follow happy emotions, otherwise, a mistake will be done.

[daarul50]

Of the three emotions above which I have become very concerned about is greed. Even though we need greed to get success but if the greed is too excessive, then it is not the success we will get but the deterioration that we will get. Geed will be very beneficial for people who want success when the nature of greed is combined with patience.

[Devotionless]

Those who combine the state of no emotions but rather pure logic with long term planning and perseverance will win.

[kingpin4321]

Emotion to me is a thing to get ride off because it can pull or push anyone into what they never wanted in life. Most importantly, emotion should be control towards succeeding in this cryptocurrency world, if emotion are not been control there's the possibility of given up on the industry due to it volatile nature.

In summary of your reply emotions can do good and bad. It's can not be left out. Emotion is a part of the human anatomy we are not electronic robot we have feelings and spontaneously let is show.
We can know our emotions and know which field that emotions will compliment our emotions

[TheUltraElite]

That is the most difficult part. It's like you battle with your own self overcoming your emotion preventing to get ahead of you. It is not easy because it is part of the human nature, we aren't easily contented and crave for more.

Hence the reason the retard remain retards and the wise people dominate over them. Those who can control their emotions to a good extent are able to do things that others cant imagine and thus they think that the former must be god-like. Its not impossible to be a trader with a cold heart and only money making methods in mind if you have the proper psychological background and dont break under pressure.

However you can start by doing a risk management so you know that even if you lose all the money you invested you would still not be a be in a huge loss. I think this is one of the basis of the bad emotions coming in since it is not done properly. The what the OP mentions comes into play.

[izanagi narukami]

Greed.
Yes, people love profit and they will do anything to achieve it.
It isn't wrong but they must aware especially on crypto trading is different league

Fear.
If you want to achieve something, you need to sacrifice.
You can just hide forever until die or die trying ?

[pieppiep]

We need to control all of the emotion we have so we can stay calm, and we can trade without the emotion interfere so we can decide to trade. I think that will prevent us from getting a big loss in trading because we can get a solution whenever we get trouble in trading. Besides that, we can think what next we can do related to the market situations, and we can also be patient to wait for a while. But to control the emotion is not easy, and we need to practice more so we can handle the emotion.

[South Park]

Those who combine the state of no emotions but rather pure logic with long term planning and perseverance will win.

As humans, this is natural and I don't think we should be able to eliminate this since, as I said, we are humans. Instead of having no emotions, I guess we should just be able to control these emotions and stick to the decision making that we have that will increase the probability of us getting a profit. Emotions can hinder us getting profits but without emotions, we are not human.

No one is really talking about eliminating your emotions in every aspect of your life you just need to take control of them when you are trading, those that are successful at trading take their decisions based on a very strict criteria and using their emotions is not one of them, they enter and exit the market based only on the data available to them, getting emotional about losing or winning a trade is ridiculous to them since they know beforehand how much they can make or lose on each trade.

[fiulpro]

I think even the HOPE is something that we should keep in check , sometimes we might hold onto even after the market goes down .
Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.

[Oceat]

I think even the HOPE is something that we should keep in check , sometimes we might hold onto even after the market goes down .
Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.

HOPE doesn't give results to what you wanted it will just lead you to some stressful moments everytime you thought about your investment.
CONFIDENCE is the key and at the same time, FEAR will tell you to do the right thing because if you fail you know what will gonna happen next.

[davinchi]

I think even the HOPE is something that we should keep in check , sometimes we might hold onto even after the market goes down .
Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.

HOPE doesn't give results to what you wanted it will just lead you to some stressful moments everytime you thought about your investment.
CONFIDENCE is the key and at the same time, FEAR will tell you to do the right thing because if you fail you know what will gonna happen next.

You think so, confidence to me is what we actually need to keep in check, because when you are too confident about something, that is when you fail to put necessary precautions that would have guarded against any form of misfortune that sometimes do befall our trade or investment.

It is good to have confidence because it gives us courage but we also need to be very careful not to be over confident, and to me, I would rather replace that fear with passion, because whatever you have passion for, you would not want to fail in it, you would do everything possible for it to bring joy and happiness to you because you love it. Whatever you put your strength and might to out of passion is always quite successful than what you use fear to operate.

[Lanatsa]

I think even the HOPE is something that we should keep in check , sometimes we might hold onto even after the market goes down .
Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.

HOPE doesn't give results to what you wanted it will just lead you to some stressful moments everytime you thought about your investment.
CONFIDENCE is the key and at the same time, FEAR will tell you to do the right thing because if you fail you know what will gonna happen next.

You think so, confidence to me is what we actually need to keep in check, because when you are too confident about something, that is when you fail to put necessary precautions that would have guarded against any form of misfortune that sometimes do befall our trade or investment.

It is good to have confidence because it gives us courage but we also need to be very careful not to be over confident, and to me, I would rather replace that fear with passion, because whatever you have passion for, you would not want to fail in it, you would do everything possible for it to bring joy and happiness to you because you love it. Whatever you put your strength and might to out of passion is always quite successful than what you use fear to operate.

Everything which is excessive will really be a bad thing.Too much confidence is the most dangerous one because it can spark out together with your greed and since
you are confident you would think up that you can do anything profitably without already following your own profitable trading system.We know the market
is unpredictable where it cant be similar from time to time this is why we should know how to use up our own risk management.

[Slow death]

I believe the fear of losing money is something more serious. people when they enter the world of crypto have or pass for the fear of losing everything, in my case for example when I bought bitcoin and days later the price dropped a lot I remember I went into panic and sold with losses , and to my misfortune days later the price fell again and I sold again at a loss. I had 90% losses... but I learned the lesson

Yes, but I think if we only prioritize self confidence it might also cover everything, because with high confidence it will make you always make good decisions and with confidence will also make you able to control emotions, when emotions can be controlled then it can avoid greed and fear depending on the situation.

Confidence can do great losses, the best option is to be rational, not to involve emotions

[Oilacris]

Yes, but I think if we only prioritize self confidence it might also cover everything, because with high confidence it will make you always make good decisions and with confidence will also make you able to control emotions, when emotions can be controlled then it can avoid greed and fear depending on the situation.

If the level of confidence didn't able to hit up the red line then you are on the right track but if it exceeded then expect it would give an another effect.

True that once you have confidence you will able to think up clearly and making decisions and trades according to your plans and handling mistakes and losses on a proper way.