How to control your emotions while trading?👨🏼‍💻

[Faxmate]

In my trade and in my investment, I never take action as regards news without me ever verifying the truthfulness of the news first.

Doing your own research is always the best thing to do. Some people don't bother to research on their own and their only mindset when trading is to earn. News just causes people to panic and if we let our emotions affect that news, only the people behind it will benefit. They want to buy at the price they want so they spread fuds with an unreliable resource.

Don't be influenced by the news, I always ignore it, your word is true, they spread fud, but the fact that the news does not occur in the market, I always control emotions when trading, because panic and emotional feelings must be guarded, trading must be with a clear mind and relax .

Actually read on news is good. Sometime when rumor spread, it will affect on bitcoin price. Not only bad news, but good news sometime happen. When good rumor happen, price of bitcoin increased and we can take advantage from it.

Bitcoin is ruling all other crypto currencies and this is the major reason why other teams spread fake news about the downfall of bitcoin. In this way, they are able to reduce their competition by influencing young or new traders who start dumping bitcoin. If all bitcoin supporters stay unaffected by bad news, they will in short time gain huge profits.

Do not blame good or bad news, it all depends on their intelligence in thinking and searching for the truth, especially in bad news that affects traders to panic.
news will train mentally and test intelligence in the minds and maturity of traders so that they are not influenced by any news to find the truth so they don't make wrong decisions.
always learn from mistakes and experience in your knowledge and
doing your own research is always the best thing to do so that no mistakes are made again.

Exactly, it is not the news but the lack of knowledge and trust that should be considered responsible for making blunders. If a trader sells out his coin out of FUDs and rumors, he should only blame himself. Every innovation has supporters and haters. It is individuals choice which groups he chooses to be in. People even doubt bitcoin which has introduced millionaires already. I really don't know what else it needs to do in order to get approval of investors.

This is normal in the world of business or in any market that people spread rumors to put the most popular project down and usually young or new traders fall prey to such rumors. New traders shall not get influenced easily rather they shall always have some mature trader for guidance. I strongly support this idea that old traders shall help new ones because in this way market will grow strong.

[Edraket31]

I don't know if I still remember it correctly but I have never been FOMO in my life as a trader.
I know FOMO is possible especially for the new ones and they are likely be easily be victims of the market manipulation.

FOMO is what the whales like that's why they are moving the price, if we will fall for this one, we will surely end up regretting since after the FOMO market correction will happen.

Good thing for you as this was the common mistakes of day traders, when they say one coin is pumping they are taking and grabbing the opportunity to have some profit, so they are buying even it is high, then turned out that they were Rekt. I've encountered this too, so I stop trading for a while, making sure I will control it before doing trading.

[Botnake]

I don't know if I still remember it correctly but I have never been FOMO in my life as a trader.
I know FOMO is possible especially for the new ones and they are likely be easily be victims of the market manipulation.

FOMO is what the whales like that's why they are moving the price, if we will fall for this one, we will surely end up regretting since after the FOMO market correction will happen.

Good thing for you as this was the common mistakes of day traders, when they say one coin is pumping they are taking and grabbing the opportunity to have some profit, so they are buying even it is high, then turned out that they were Rekt. I've encountered this too, so I stop trading for a while, making sure I will control it before doing trading.

It's a mistake that we have to correct by learning from that mistake, this shows our immaturity being a trader and while there are people who easily get FOMO, the whales or the smart traders will continue to take that advantage on that weakness for their benefit.

[desticy]

Note that if you trade on a demo account, then losses will not touch you as much as they touch on a real account. You do not feel emotion for the money that you are not afraid to lose.
All problems are precisely because of this. When people trade, often, for them this money is very valuable, they depend on them.

When they lose them, lose in unsuccessful transactions, they feel pain, which leads to emotional reactions that they cannot control.
The same thing with greed, it arises only if you depend on this money. To learn how to control your emotions you need not to experience anything for the money you are trading for.

[Capt00]

Note that if you trade on a demo account, then losses will not touch you as much as they touch on a real account. You do not feel emotion for the money that you are not afraid to lose.
All problems are precisely because of this. When people trade, often, for them this money is very valuable, they depend on them.

When they lose them, lose in unsuccessful transactions, they feel pain, which leads to emotional reactions that they cannot control.
The same thing with greed, it arises only if you depend on this money. To learn how to control your emotions you need not to experience anything for the money you are trading for.

It is not all true that when you play on a demo account you can't feel any emotions because for me you still feel a little frustrated whenever you trade wrong or you lose because that means that your strategy isn't working but it doesn't have a worry on a financial aspect since its a demo account and you will not lose any money. I think it is easy to trade using a demo account than the real one because when of all the worries you have like what if the strategy won't work or whatever. In gambling you just have to have a focus mind to think of good strategies and never let your greed control you.

[agentx44]

One of the most popular emotions among traders is a notorious fear of missing out,
or simply FOMO, which picks when the market is high.📈
⠀
Watching the price of an asset soaring higher and higher, while out of the deal,
a trader often feels even worse than in case of losses.⚠️
⠀
So, what exactly can you do to prevent emotion-connected issues?
⠀
Accept the fact that you can’t buy at the lowest and sell at the highest prices;☝🏻
⠀
Don’t be looking at the charts all the time;❌
⠀
Use a trading plan ruling how to deal with profits and losses;📝
⠀
Follow your own plans, don’t compare your results with results of other traders too often.👨🏼‍💼

The best way to handle your emotions while trading is through having a clear mindset and goal. You should always look forward on something like trusting that the crypto you are investing in is going high next month or within a certain year. If ever you miss out some good coins, don't mind it and move forward on other crypto that might go high also later on. Don't be stucked on missing out and always know that there are a lot of coins existing and plenty of them will be successful someday.

[secretgirl]

very true you say, one of the causes of emotions is when we feel excessive fear of loss. and when you suggest arranging a trade plan that governs how to handle profits or losses, in my opinion it's the best solution so that we don't get too emotional when things don't go as expected. You also have to believe in your own plans or strategies, so that when someone else's strategy is better than yours, you can accept it gracefully. that way, maybe we can minimize the emotions that are in ourselves.

[Triffin]

One of the most popular emotions among traders is a notorious fear of missing out,
or simply FOMO, which picks when the market is high.📈
⠀
Watching the price of an asset soaring higher and higher, while out of the deal,
a trader often feels even worse than in case of losses.⚠️
⠀
So, what exactly can you do to prevent emotion-connected issues?
⠀
Accept the fact that you can’t buy at the lowest and sell at the highest prices;☝🏻
⠀
Don’t be looking at the charts all the time;❌
⠀
Use a trading plan ruling how to deal with profits and losses;📝
⠀
Follow your own plans, don’t compare your results with results of other traders too often.👨🏼‍💼

The best way to handle your emotions while trading is through having a clear mindset and goal. You should always look forward on something like trusting that the crypto you are investing in is going high next month or within a certain year. If ever you miss out some good coins, don't mind it and move forward on other crypto that might go high also later on. Don't be stucked on missing out and always know that there are a lot of coins existing and plenty of them will be successful someday.

Being Stuck at some point of past is poisonous for mind. The person is unable to design future and do some productive thinking. This is the reason we are suggested to get rid of ‘ifs’ and ‘buts’ from our lives. Crypto is a world of unlimited opportunities. On daily basis, new projects are introduced and you can invest in any of them after doing some market research. Always try to go for popular coins.

[Kambal2000]

Trading is really hard and I cannot say not to panic or be afraid and just keep going, to just trade and trade and ignore your feelings, because that will worsen everything, so the least thing we can do if we are not feeling well, worried too much is to relax and stop trading for a while, have some rest, go out with your family and eat your favorite food. Make sure to clear your mind before doing trading.

[Shasha80]

In the world of trading, problems regarding how to control emotions are common and occur a lot. Indeed, it must be recognized if there is
one of the coins pump is very high, or the price of this drastic increase will make most people become FOMO because they want to get
profit right away. That's why a lot of whales manipulate the market to lure FOMO people. It's really easy so we can control emotions when
trading. Do not be panicked when you see prices rise or fall still follow the initial plan that we have create. And always think positively of the
analysis that we have made, do not be influenced by the analysis of others which is not necessarily true. If our emotions can be controlled
properly, usually the results we get are also good.

[Hypnosis00]

Trading is really hard and I cannot say not to panic or be afraid and just keep going, to just trade and trade and ignore your feelings, because that will worsen everything, so the least thing we can do if we are not feeling well, worried too much is to relax and stop trading for a while, have some rest, go out with your family and eat your favorite food. Make sure to clear your mind before doing trading.

This is just how we become proactive in all aspects of our life. If our mindset is negative, you can't surely think another option instead, it keeps you think all way in negative. Being emotional stress while trading will never contribute good nor it results in a positive response from your trading investment. This is why we should have to change our mindset first before anything else, otherwise, we'll just throw our money by then.

[ufaiz50]

Usually to control emotions to be more rational is to trade when the mood is good. In practice controlling emotions is very difficult, it is different if we know it in theory. Experience is a good key to controlling emotions while trading.

Actually there are many problems in trading but emotions are the final determinant of how you will act in the market. Emotions sometimes also lead us to great losses, or can be to great benefits.

[Apened]

Usually to control emotions to be more rational is to trade when the mood is good. In practice controlling emotions is very difficult, it is different if we know it in theory. Experience is a good key to controlling emotions while trading.

Actually there are many problems in trading but emotions are the final determinant of how you will act in the market. Emotions sometimes also lead us to great losses, or can be to great benefits.

Exactly, i will going to add more. In able to control emotions don't act the way emotions tell us. First check the analysis(learning how to read charts is a must) for a trader. In that method you will have an idea that will let your emotions somehow to cooldown then after that make a plan A and B as much as you can. Don't sell at any price or act quickly unless it was continuous dump or pump. What goes up or down will take its time to get back there's still time for a person to think unlike using emotions that in any price without planning and thinking that it might be a trap for your emotions to be caught and that's how whales makes money to fool people esp. Emotional traders.

[puertorikosena]

Yes indeed. I also think that the first thing a trader needs to learn is the ability to manage his emotions. Almost everyone is trying to get the maximum profit waiting for the bottom or top, thereby incurring losses. Trading is a clear calculation. Set clear goals, make money and don’t pay attention to the fact that you could earn a few more percent. The market will always give you the opportunity to make money.

[supercanada1]

Trading is really hard and I cannot say not to panic or be afraid and just keep going, to just trade and trade and ignore your feelings, because that will worsen everything, so the least thing we can do if we are not feeling well, worried too much is to relax and stop trading for a while, have some rest, go out with your family and eat your favorite food. Make sure to clear your mind before doing trading.

Trading is not hard. Once you have a lot of knowledge regarding your profession, then it becomes easy to take right decisions at right time. In order to perform better than others, you need to spend more time trading as compare to them. I also don't think that we humans can ignore feeling, we should take every sort of experience positively. Mistakes give lessons. In digital market, choosing the right coins matters the most. I suggest bitcoin.

[aysg76]

Controlling your emotions while trading is most important thing which a trader cannot ignore if he want to survive in the market making profits.If trader gets panic in dump situation he will suffer loss or maybe he get away from market so he need to stay calm even in worst situations and hodl their coins to get high returns when price surge and bull run hit the market.

[doomloop]

Trading is really hard and I cannot say not to panic or be afraid and just keep going, to just trade and trade and ignore your feelings, because that will worsen everything, so the least thing we can do if we are not feeling well, worried too much is to relax and stop trading for a while, have some rest, go out with your family and eat your favorite food. Make sure to clear your mind before doing trading.

We cannot deny this fact that we all are humans not robots so we cannot ignore feelings such as anxiety and frustration. We are for sure often relying on our feelings in order to get some intuitions type things. In order to avoid stress caused by trading, I would also strongly recommend going for outing or doing stuff that makes you happy. Never try trading with bad mood because it will make you take wrong decisions.

[alexsandria]

Pretty hard to overcome specially if you're really devastated of what had happened. The only thing I can think of possiby to somehow control your emotion is that take a little break, go away from what you're currently doing, look outside, eat something. Emotions are pretty tough to control but you can somehow aid it with a little break, so that, it won't have a huge effect in your trading.

[silversurfer1958]

I have had experience for over 1 year trading in the crypto market. I was caught up in a whirl of greed first and didn't accept defeat. I kept trading in an unstable mood and wanted to win. but it's all nonsense when I'm losing more and more.
  I realized and spent a week to contemplate my deals. I realized I was in a hurry and trading was unplanned and disciplined.
Those are the things that cost me the most. so when starting trading, you should set your discipline and follow the plan, absolutely do not do otherwise and your state must always be calm whether winning or losing.

[riso2015]

Pretty hard to overcome specially if you're really devastated of what had happened. The only thing I can think of possiby to somehow control your emotion is that take a little break, go away from what you're currently doing, look outside, eat something. Emotions are pretty tough to control but you can somehow aid it with a little break, so that, it won't have a huge effect in your trading.

Entertaining yourself I think is the most appropriate way to control our emotions. We can do it by playing games
or refreshing to the beach that can make your mind calm. With a calm mind, you will easily control your emotions when trading.