Getting too emotional while trading crypto

[AicecreaME]

Color doesn't change anything though but I can see well with green and red candlesticks. The trick should you consider are the trading system not the platform colors. Emotions usually will ruin the judgement whether to buy or sell when sudden changes to the price. Today the price drops and when it hit the stoploss, they end up setting up again or sell in order to buy back when it starts to bounce. Personality of a trader is a big factor.

It is devastating if things didn't go in our way sometimes, that goes the same when we are Trading, especially if we are expecting a good result based on our analysis. What I'm trying to say is that our emotion is always involve in Trading, it is hard to make decisions if you can't feel a single thing. I know how frustrating it could be if what we are predicting didn't happen the time it should happen.

Like these green candlesticks you have mentioned, expecting greens that turns out red is a total disappointment because it means goodbye profits for that time.

[jhonjhon]

I have switched to crypto bot trading and just monitoring the process and make some adjustments from time to time. I think nowadays it is impossible to daytrade manually and stay good-tempered.

Trading for me is a very challenging job and it can get a little emotional whenever we see the price that changes almost every minute and that you really need to keep an eye on it every single time because of you don’t then tendency is you either win at the end or loss instead.
I think becoming less emotional while trading can be hard most especially that there is money involve but I would really think it can help you big time if you don’t let your emotions control you because it can only result to bad outcome. I think in trading you have to focus more on understanding how you can go around with the market.

[AUruHM]

Imho keystone is own strategy in trading. If you have an exact plan to enter and to exit than nothing can calm you. No minds about any lost profit, no minds about stop. Simply strong strategy. This is key. I mylself try to work the same. It's difficult becausee too many situations on thee market. But without order nothing changes

[Quidat]

I have switched to crypto bot trading and just monitoring the process and make some adjustments from time to time. I think nowadays it is impossible to daytrade manually and stay good-tempered.

Trading for me is a very challenging job and it can get a little emotional whenever we see the price that changes almost every minute and that you really need to keep an eye on it every single time because of you don’t then tendency is you either win at the end or loss instead.
I think becoming less emotional while trading can be hard most especially that there is money involve but I would really think it can help you big time if you don’t let your emotions control you because it can only result to bad outcome. I think in trading you have to focus more on understanding how you can go around with the market.

I think, mostly traders panic in the beginning due to little knowledge of coins’ behavior and even if has some good theoretical understanding, inexperience person cannot handle tough times in practical field. With time, things get settled for him. The key to success is not to stay calm but to not give up. The most significant attribute of a successful trader is trust in his digital asset. At last, always abide by ‘buying low, selling high’ rule.

We cant deny that experience do give out some boost up on all of our doings but i can say even professional or experienced ones
do still able to get affected with that so called emotions.It cant be avoided because anytime we would possibly faced up some
scenarios that it do need up some crucial decisions either you would buy or sell.We know that we are risking money here and
it cant be avoided not to think with your own funds.

[DevilSlayer]

Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.

[AicecreaME]

Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.

As a human being, emotions are naturally intact in our limbic system, and "limbic system are involved in motivation, emotion, learning, and memory" according to Wikipedia. We can't escape our emotions in any situations either it is positive or negative, for example you lost a big amount of profits in Trading, your mind would react to this and your brain will gives you stress chemicals.

this is when Emotional management will take over, because continuing trading while having too much stress in your body will just make everything worst.

[Taskford]

Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.

If we are a newbie we cannot guarantee to withstand our emotion especially we see the market is falling and our money is slowly vanishing, the actual scenario is different since there are so many factors that can make us feel afraid on the current happenings that's why before tradings we should come with 100% ready and always stick with the current plan and learn the stop loss strategies in emergency situation.

[jhonjhon]

I have switched to crypto bot trading and just monitoring the process and make some adjustments from time to time. I think nowadays it is impossible to daytrade manually and stay good-tempered.

Trading for me is a very challenging job and it can get a little emotional whenever we see the price that changes almost every minute and that you really need to keep an eye on it every single time because of you don’t then tendency is you either win at the end or loss instead.
I think becoming less emotional while trading can be hard most especially that there is money involve but I would really think it can help you big time if you don’t let your emotions control you because it can only result to bad outcome. I think in trading you have to focus more on understanding how you can go around with the market.

I think, mostly traders panic in the beginning due to little knowledge of coins’ behavior and even if has some good theoretical understanding, inexperience person cannot handle tough times in practical field. With time, things get settled for him. The key to success is not to stay calm but to not give up. The most significant attribute of a successful trader is trust in his digital asset. At last, always abide by ‘buying low, selling high’ rule.

We cant deny that experience do give out some boost up on all of our doings but i can say even professional or experienced ones
do still able to get affected with that so called emotions.It cant be avoided because anytime we would possibly faced up some
scenarios that it do need up some crucial decisions either you would buy or sell.We know that we are risking money here and
it cant be avoided not to think with your own funds.

Yes, it is true that we can't avoid getting emotional when trading because there's money involve but the point is how are you dealing with emotions when gambling that will not affect your decision making and what are you doing to maintain good temper and make sure your decisions are on track because if a trader gets too excited or frustrated with the market price going down then we tend to see FOMO or panic selling of coins.

[bitgolden]

Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.

If we are a newbie we cannot guarantee to withstand our emotion especially we see the market is falling and our money is slowly vanishing, the actual scenario is different since there are so many factors that can make us feel afraid on the current happenings that's why before tradings we should come with 100% ready and always stick with the current plan and learn the stop loss strategies in emergency situation.

As a pro trader also, we have also fallen a victim of emotion, and the only different between pro traders and newbies is that it is not as often as newbies does. Trading with emotion can sometimes be good though, because it helps us sometimes to quickly get out of trade when we have made the wrong choice of investment or trade, but making it get involved in our trading every day is what is very bad for us.

If we are able to control our emotion, we will also be able to control our greed level which has been the major factors to why many people have actually lost their trade many times. Sometimes we cannot naturally control our emotion, and Because we are humans with feelings, that is why some tools has been created to assist us in having control of it.

[dark08]

Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.

If we are a newbie we cannot guarantee to withstand our emotion especially we see the market is falling and our money is slowly vanishing, the actual scenario is different since there are so many factors that can make us feel afraid on the current happenings that's why before tradings we should come with 100% ready and always stick with the current plan and learn the stop loss strategies in emergency situation.

Being an emotional is not recommendable while doing trading because it will destroy your trading momentum thats why you need to control your emotion for making a decision.
Thats why you need to plan your trade and trade your plan if you want to sucess in trading.

[Lhaine]

Trading psychology is also factor in decision making amd that's why I keep reading different studies about how I will not get carried by my emotions and also how I will make better decision. Always remember that we can experience losses if we will panic while trading.

If we are a newbie we cannot guarantee to withstand our emotion especially we see the market is falling and our money is slowly vanishing, the actual scenario is different since there are so many factors that can make us feel afraid on the current happenings that's why before tradings we should come with 100% ready and always stick with the current plan and learn the stop loss strategies in emergency situation.

Being an emotional is not recommendable while doing trading because it will destroy your trading momentum thats why you need to control your emotion for making a decision.
Thats why you need to plan your trade and trade your plan if you want to sucess in trading.

not only plan but also watch your trading even you are good in trading you can also experience lost if you will not be careful and not always looking at the price .

[jakoylantern]

For me, getting too emotional while trading cryptos is one of the hardest enemies of a trader.  We know that we can't truly control our emotions, but we can practice it. Why one of the hardest enemy of a trader because you are fighting to your self/ emotionally and we all know the factors that can happen if you are getting too much emotion while trading, you can't focus, losing some momentum, can't decide well and can't execute well your plans, etc.

[MetalGear]

I always feel that it's very intense to trade. I have been trading crypto for two years now, but find it's still difficult to get used to all the constant price fluctuation.

I decided to write an article about this topic, including solutions to make sure your trading becomes more rational: https://steemit.com/cryptocurrency/@wickcrypto/an-emotional-guide-to-crypto-trading-why-paper-trading-is-useless

For example, using some simple tricks you can remove a lot of the emotion out of your trading. I trick that helped a lot was as simple as changing your color scheme in Tradingview. I don't think I am allowed yet to post pics on this forum, but you can check it out the big difference here:

What do you think? Do you have some more tricks you use against these emotions?

Also, it was the first post I made on Steemit so far, I'm very open to hear any feedback about it!

Being too emotional is of all things, what you need to avoid if you're gonna enter crypto space. The market's movement can sometimes be so crazy and unexpected that it might trigger you to panic because of the cryptocurrencies price that moves up and sometimes very low. Now we know that we can't control what happens but we can control how we react to things that are happening, and even if we can't control the crypto space's movement and situation, we can still affect the market's movement through any impulsive decisions we could make out of being too emotional and being swayed by it.

[Apaxy]

Of course, every trader experiences emotions because of the results of his activities in the cryptocurrency market.  It can be either good emotions or bad ones, but I’m too annoyed if I have unsuccessful results, because I’m just starting to study trading and use only a small starting capital to increase my experience, which in case of loss is not too noticeable for me.

[Inkdatar]

Of course, every trader experiences emotions because of the results of his activities in the cryptocurrency market.  It can be either good emotions or bad ones, but I’m too annoyed if I have unsuccessful results, because I’m just starting to study trading and use only a small starting capital to increase my experience, which in case of loss is not too noticeable for me.

This is we experience of being too emotional while doing trading crypto. The best move that we can do is to focus on our goal in earning, if letting too emotional in our system we ended up losing money in crypto. Well, by that starting only small capital could also help to experience the process in trading when endure mistakes the next time you know how to avoid it.

[tadpole_bitfrog]

 I tried using the way you said it but it didn't really help me in the long run. I have really changed for a few days but the mood of the following days has brought me back to the starting line.
So in my opinion, we should practice mentally for small trading times. We should practice more before doing it in large amounts.

[Btc_1856]

I tried using the way you said it but it didn't really help me in the long run. I have really changed for a few days but the mood of the following days has brought me back to the starting line.
So in my opinion, we should practice mentally for small trading times. We should practice more before doing it in large amounts.

Crypto trading will not work under the basis of other guidance, because the prices of the coin will change quickly. So we need to practice with small amounts and it will really help us to get more awareness about trading activities. You will make profits on the basis of experience you have and choosing the best coins in the market.

[illnino]

Of course, every trader experiences emotions because of the results of his activities in the cryptocurrency market.  It can be either good emotions or bad ones, but I’m too annoyed if I have unsuccessful results, because I’m just starting to study trading and use only a small starting capital to increase my experience, which in case of loss is not too noticeable for me.

In order not to get to the influence of emotions, forcing us to do rash acts on the cryptocurrency exchange, we must strictly follow the trading plan. To do this, you must clearly determine the trading approach in order to know exactly in what time perspective you are going to act. After all, what you choose: intraday trading, scalping, medium-term trading or long-term investment will depend on your psychological attitude, determined by the target levels on the chart.

[ecnalubma]

Emotion is the king whether we like it or not, people trade on fear and excitement. Trading is psychological battleground its like playing poker hand, you must know when to call, when to fold and when to go all in. Even if you have best the formula it doesn't always work that way.

[Janation]

Tell me how to manage emotions in trading and I will be really gratefull. Emotions is something what makes me bad trader and it affects my trading decisions.
I want to get rid off emotions, but it seems impossible

It is really impossible.

You are saying it like you want to be an AI or something.

Emotion is a part of our identity as a human, without it, we are not human. It is true that it makes us weak but still, there are a lot of investors out there that became successful. That just means that despite us humans, having feelings and emotions that affect our trades, we can still get through if we really put ourselves into it.