6 ways to help you not be emotionally dominated when trading cryptocurrencies

[Kvalentine]

You can easily make mistakes that can never be repaired when trading so it's better not to be greedy, it's good to sell when price is high and rebuy when price is low but know which coin you trade with

[Ashong Salonga]

On decision making you must impart doing big decisions that is mainly being influenced by your emotions because mostly wrong decisions are made out frustation that makes the decision impulsive. On trading you must not be emotional that because you are suffering that much is that you will trade your assets into a lower price just to somehow save yourself. Always remember that you are into a crypto community and part of it is experiencing down fall and not primarily stays on rise ups. Also, do not make important decisions driven by your emotions because you will just regret doing such after you see the results. On doing business, a good investor knows how to isolate his feelings from his job making him successful and the same thing applies on working with cryptocurrency.

[leowonderful]

If you happened to be overly worried about trading and holding, then the chances are good that you're risking too much money. The best thing to do in this case is just to decrease the amount of money you have in the crypto markets and step back for a few days or weeks so that you can gather yourself a bit more and stop letting your emotions take the wheel. While it's extremely tempting to just dump money into crypto in hopes of scoring a big win, also realize there's also a ton of risk involved. A lot of the worst decisions I've ever made in trading were when I was under pressure as a result of being overinvested, and things massively improved for me once I realized this.

[Google+]

If you happened to be overly worried about trading and holding, then the chances are good that you're risking too much money. The best thing to do in this case is just to decrease the amount of money you have in the crypto markets and step back for a few days or weeks so that you can gather yourself a bit more and stop letting your emotions take the wheel. While it's extremely tempting to just dump money into crypto in hopes of scoring a big win, also realize there's also a ton of risk involved. A lot of the worst decisions I've ever made in trading were when I was under pressure as a result of being overinvested, and things massively improved for me once I realized this.

usually those who still can't control their emotions are traders who are new, they don't know too much about cryptocurrency price movements so they often make wrong decisions and make them lose.

if it's like that I prefer to trade in coins that have limited supply and have very high development and demand and apply long-term trading because they prefer to trade with little risk and your emotions will be maintained because you don't need to always open a place of exchange, so you trade using money that is not too important.

[RealMalatesta]

I do not think these six ways will help any trader to come out of their emotionally dominated situation. Because from my experience it will be possible only if we are having a good experience to get rid of emotions unless otherwise you are new to crypto trading and you are getting emotional very frequently than these methods will not help you at any cost. I'm not discouraging OP but I'm just talking about the fact what I have observed in my trading experience.

I have come across lots of tutorials and tips but nothing helped me to be a successful trader among many trading related issues and situations but my experience helped me how to get rid of them regardless of how good we are in analyzing the market directions.

I mean to say being good in analysis is a very big task but that alone will not help you to be a successful trader because you need to manage your emotions and capital along with your good technical analysis. These will be possible only when you groom along with your experience and continuous learning.

[JeotQ]

In trading is either you end up with Bitcoin or USDT coin so where is the lose here? buy low and sell high, if you get USDT and bitcoin grows higher just wait, might take weeks but bitcoin will surely goes down, all most lack is patience

[Kaliecious]

for me controlling emotions becomes a very important factor for traders.
if emotions can be controlled he will not panic when assets decline and sell it immediately.
on the contrary a trader must be patient when prices go up or down so he can get the maximum profit

[SquallLeonhart]

After all of this, do not be worried if you do not do well with emotions neither, sure you should be mainly in control of your emotions, that is true, however if you are not, that is still fine as well. I do not mean in general, in general you should be, however there are some off times when you are just way too emotional about stuff and make mistakes end up losing money and it generally sucks at that moment, but what being emotionless requires is to keep emotions out after being emotional on a decision as well.

Say you saw something that interested you, instead of going into the mathematics of things you just went straight up and bought it right? Now that is horrible, and you end up losing money so that is even worse. But you should just forget about it and move on like nothing happened, that is the real deal right there.

[olabsd]

Hello. To tell the truth, I am sure that much depends on the particular solution. And of course, advanced solutions will always keep being in demand

[jetskur]

Hello. To tell the truth, I am sure that much depends on the particular solution. And of course, advanced solutions will always keep being in demand

Evening! In general, I agree with your statement. But what do you mean by advanced solutions? How do you differentiate ones?

[olabsd]

Evening! In general, I agree with your statement. But what do you mean by advanced solutions? How do you differentiate ones?

Well, the most important components for me are for sure the concept, the technology, innovations and practical value solutions brings. And working product is a strong plus, of course. Great example these days is Verasity. Guys are setting entirely new standards, also being listed and planned for Tier 1 exchange listings on most popular exchanges

[jetskur]

Well, the most important components for me are for sure the concept, the technology, innovations and practical value solutions brings. And working product is a strong plus, of course. Great example these days is Verasity. Guys are setting entirely new standards, also being listed and planned for Tier 1 exchange listings on most popular exchanges

Hmm, Verasity sounds very familiar, but can you please provide more details on what exactly the guys are offering? And what are latest results?

[olabsd]

Hmm, Verasity sounds very familiar, but can you please provide more details on what exactly the guys are offering? And what are latest results?

Basically, VRA token is one of the most tradable on Binance DEX and on KuCoin. Moreover, Verasity has proved its value to publishers by dramatically increasing viewer engagement and video views on their site domains to 1.3M viewers. Of course, I recommend you to Google the guys as there are many great news around them

[travwill]

The market is much more complex and requires special attention from traders than the things that you listed.

In order to effectively trade cryptocurrencies, it will be enough for you to have a platform that is safe and fast enough, VPN if your providers do not approve of such a platform,
as well as certain technical and psychological skills, including the skills of a trader. In any case, the tips you listed can also be used in special cases.

By the way, the link to your article leads to material that is different from the English language, which prevents perception.