How to control your emotions while trading?👨🏼‍💻

[iamsange]

I never can control my emotion until now. Don't know why i am panic every coin that i bought is down. It is feel like i am not patient or maybe always see it and wait for price increased, but more aware if price keep down. Then i cut loss.

Trader must be able to control their emotional aspects and knowledge base so that they can succeed in the path they are taking to.
Once a trader can't control his/her emotions, it would be a big deal because just a little market down only they will be scared and there would be a chance that they will get all of their funds immediately, or if they buy a coin and they see that the coin doesn't really go high they will sell it also immediately.
But as a real trader if I see that the coin or tokens go down, I will be remain calm and patient because it is usual through the volatile of the coin.

That is why, i read in this forum. A lot of suggestion maybe already i read. But when want to practice it, i will panic and then be impatient when hold coin for longer than 2 days. But that is only for altcoin in market, if bitcoin usually i am not care be in whatever price.

[BitTyro]

Letting you emotions takes control is a disaster. It should be the opposite. Control your emotions by asking yourself if you are afraid while watching your trade unfold. If you are afraid, exit and take a break. Go back and review your trading plans.

[shoreno]

To control your emotions while trading, you need to always remember your goals in trading.

what if his goals is to earn as much profit  ? emotions  will always takes place but who didnt want to make more profit ? most of us came here for that reason right ? controlling ones emotion is not an easy task but its easy to be controlled by your emotions so you better watch out and take imediate actions before that happens .  better if we are going to be realistic and dont assume to much to the point that its already impossible because that is also the reason on why strong emotions came out

[Capt00]

Emotions can be your worst enemy when it comes to trading, once you let your emotions take over you then worst will come. As a trader it is very important that you have control over your emotions and that you set aside your emotions and make sure to maintain your focus so that you will make good decisions.
Emotions are part of our system and we can’t avoid it one way or another but at least we can control it, a trader must master the way to properly handle emotions in trading to be successful in trading.

[jhonjhon]

In this very unpredictable market of bitcoin we can’t totally eliminate people doing FOMO, everyone is after the profit so that means that whenever a trader see that the price is quite favorable then you will see panic selling of coins. Controlling your emotions is not easy as we think but by doing it then FOMO will be lessen. Aside from controlling emotions, checking the charts everyday can be a little stressful so might as well don’t because if you will do it then it will also lead to FOMO, and most importantly, stick to your strategy and don’t compare it to others because there strategy may not work for you. I would suggest you make your own strategy and stick to it.

[ScamViruS]

First you need to set goals. Then you have to trust your trading system. Emotional trade opens up the possibility of losing your funds. I follow my own trading system and then open my trade. Those who open trade to get rich quick often lose funds.

[matchi2011]

First you need to set goals. Then you have to trust your trading system. Emotional trade opens up the possibility of losing your funds. I follow my own trading system and then open my trade. Those who open trade to get rich quick often lose funds.

Aggressive traders are often lose their money. You need to work with setting up plans that you will going to use while you are still inside this business.

Having good understanding with project that you will going to buy will help you to anticipate the right entry and exit positions. Don't panic when your
assets is falling make sure to have a back up, spare money or cut loses to move forward will help you to recover.

[AniviaBtc]

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.👨🏼‍💼

We should always be observant and patient, by this we can make a perfect timing on when to trade. Always think critically and make a good decision, for you to have a win win trades. Make a strategy or plan on how to execute your moves to prevent loss and regrets. You should always take the risk but you need to become wise when it comes to decisions it trading. Understand the chart for you to observe and secure the right time to trade.

[Webetcoins]

The issue is that most people are not patient while trade. Most trade with the expectations to make quick profit instantly.  Most cant be patient enough of  to hodl for the price of the token they bought to pump before selling, once there is any little dump they tend to fiddle away and sell at loss . Many traders needs to learn the art of patience while trading

This is not good for you. Trading is for those who are having good knowledge of market and have calm nature. Successful traders are not those who invest into right coins but those who buy and sell them on right time under right circumstances. I will suggest you going for holding that too for long period because it reduces risk of losing money.

[TinaK]

The issue is that most people are not patient while trade. Most trade with the expectations to make quick profit instantly.  Most cant be patient enough of  to hodl for the price of the token they bought to pump before selling, once there is any little dump they tend to fiddle away and sell at loss . Many traders needs to learn the art of patience while trading

This is not good for you. Trading is for those who are having good knowledge of market and have calm nature. Successful traders are not those who invest into right coins but those who buy and sell them on right time under right circumstances. I will suggest you going for holding that too for long period because it reduces risk of losing money.

Many newbies want to start their crypto experience as a trader forest service provider directly. Mostly they never drive to learn the basics first. I suggest every newbies learn with the less amount of money in exchange and try to learn limits and amount they can make based on the chart.

[jakoylantern]

For me, I control my emotions in trading by looking again at my calculations, price range, recalling my mistake that I do when trading, and also relaxing my self first. Yes, emotion is one of the fiercest enemies of a trader. But I control my emotion by looking again at my calculation to remind my self that I will not buy or sell because its not my portable price and profitable price range. Also, if that happens, I relax my self and saying it's not the right moment; if I do it, I will just repeating at my mistakes again. Just always remember to set some goals and price range so that you have a reminder.

[Kemarit]

Emotions are really hard to control specially if you are a newbie. For me I learn how to fight it when I have the experience of losing big money because of my irrational and illogical decisions. So I would say that if order to overcome it, at least you should have experience the painful effect so that it will stick to your mind. I tend to strategized more, used my common sense, put up a good entry and exit strategy. Learning from your past mistakes is really that thing here in crypto, because if you make the same mistakes over and over again and losing huge amount of money, then I would suggest that you should shift careers.

[ReiMomo]

First, I saw many threads like this a tip of trading, how to manage emotion and etc.
Controlling emotion is one of the most common scenarios in trading. A trader who had weak emotions will become a loser.
While you are in trading you should think it first if that is emotion and decide when you are full analyze the situation.
However, you should always have knowledge of trading so that you will not attract by emotions.

[Hypnosis00]

First, I saw many threads like this a tip of trading, how to manage emotion and etc.
Controlling emotion is one of the most common scenarios in trading. A trader who had weak emotions will become a loser.
While you are in trading you should think it first if that is emotion and decide when you are full analyze the situation.
However, you should always have knowledge of trading so that you will not attract by emotions.

Getting caught into our emotions while trading doesn't only give a negative impact on our trades but it sometimes will give also a realization.
However, it mostly gives more about the disadvantages that could bring us down

https://www.tradeciety.com/emotions-trading-psychology/
It is really a big challenge but if we can manage to control it, guaranteed that we can be good and profitable trader.

[Inkdatar]

For me, I control my emotions in trading by looking again at my calculations, price range, recalling my mistake that I do when trading, and also relaxing my self first. Yes, emotion is one of the fiercest enemies of a trader. But I control my emotion by looking again at my calculation to remind my self that I will not buy or sell because its not my portable price and profitable price range. Also, if that happens, I relax my self and saying it's not the right moment; if I do it, I will just repeating at my mistakes again. Just always remember to set some goals and price range so that you have a reminder.

Setting up a goal when trading is the best thing that we can do rather than not controlling our emotions. Exactly emotions are the worse opponents of a trader. You have to keep reminding yourself why you are here in this trade industry. In the first place, your goal is to earn profit and do not let your emotions win.

[pundit]

Emotions are something in trading which makes you to lose your capital drastically i.e. if there is a little loss, emotional trader tries to recover it by taking risk and ultimately lose his account. Emotions can only be controlled when you have proper trading plan.
1. Previous day market must read to chose next day trading pairs.
2. Entry points, exit points and SLs are to be drawn on pairs selected.
3. Must remain stick to the trading plan.

Above rules must be followed to keep the emotions out of trading.

[Dart18]

Correct.
Then dont look.
Give it time to marinade.
Let it go. It aint much but it will really help. Before I have been monitoring one coin which is my favorite and saw it pumped and dumped every minute.
It really hurts when you see it night and day. Better to give it a few hours before looking back. This is also one reason why I uninstalled the Binance application.

[Oasisman]

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.👨🏼‍💼

Pretty basic guidelines.
Whether you like it or not, emotions comes along your way while youre trading. You dont want to get rid of your emotions. Instead, learn from your emotional nature.
While, FOMO is very inevitable, since most of the traders are really working on making good profit.
This comes also the reason why you need to invest what you can afford to lose, to avoid too much emotional stress.

[maydna]

I think you can find a lesson on how to control your emotions on the internet or offline courses. You need to have patience in trading, especially if you see the price is up and down many times. You can set up how much profit you want to make, don't be greedy because you want to chase a bigger profit. You know that in trading, you cannot always make a profit, so make yourself ready to accept the reality. Try to learn how to have the patience to wait for the price change and receive everything you make and realize that you need more practice to get more profit. Don't try to trade if the market cannot predict because that will make you confuse to determine what you want to do.

[Arsenyo]

I think emotional challenge is the biggest problem for most of traders, especially newbies. Fortunately, I managed to control them. I just accepted the fact that I can't always make profit, it doesn't work like this. And of course I never risk those amount of savings that are crucially important for my life right now. I always knew that I can afford it to loose, so it reduced my emotions.