How to control your emotions while trading?👨🏼‍💻

[coinmatics]

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.📈
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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.⚠️
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So, what exactly can you do to prevent emotion-connected issues?
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Accept the fact that you can’t buy at the lowest and sell at the highest prices;☝🏻
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Don’t be looking at the charts all the time;❌
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Use a trading plan ruling how to deal with profits and losses;📝
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Follow your own plans, don’t compare your results with results of other traders too often.👨🏼‍💼

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[sheenshane]

Great stuff, but this has been already discussed here in the forum. That is basic tips and nothing new on this trading tip.
I would suggest improving more your OP thread and the unbolded line would be fine.

Your references: Do You Need To Put Your Emotion in Trading ?
                         Trading tips
                         Four steps to successful speculation(2) and etc.

[crossabdd]

good, yeah that's what i do. accept that it's too late when buying low prices and selling high prices. I have never panicked, because I believe it will happen to the coins I buy. secondly I have never followed news from groups like pumps and dumps. it's just fake. I always make my own trade. and leave a coin that has a high pump. and look for coins that are falling without high price increases

[googs84]

Emotional challenge is the biggest battle for traders. most of the traders go behind FOMOs which are created by twitterati and telegram channels who do these paid stuff by charging money. Most of the FUD is because people don't understand trading and blindly do these things.

[dunfida]

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Don’t be looking at the charts all the time;❌
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You suggest this one but your name and your signature - https://coinmatics.io/ - Do talks or offer about Crypto copy trading and analytical platform.

[febriyana]

Before control emotions, firstly i already lose so many Bitcoin on trading. I am really mad and sad at that time.
I always try to learn from my lose. Every time i get lose from trading i learn something experience.
That is patience. We need some research before join in trading. Reading some news, studied what project we want invest, etc. That tips might help you.

Your 4 tips i think not all right.
I always see the chart too much. If i think that time is good, i will buy at the lowest price.

[Hypnosis00]

Great stuff, but this has been already discussed here in the forum. That is basic tips and nothing new on this trading tip.
I would suggest improving more your OP thread and the unbolded line would be fine.

Your references: Do You Need To Put Your Emotion in Trading ?
                         Trading tips
                         Four steps to successful speculation(2) and etc.

It sounds like it is already discussed at this thread https://bitcointalk.org/index.php?topic=5187272.0

But anyway...I have to add something in here...
The most common mistake of a trader is because they allow their trades driven by their emotions which it likely has a negative result. Losing what I meant to say. Maybe people could think that it was easy to control our emotion but you can find it hard when you tried to become a trader.

[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.

[DeathProxy]

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

[Colt81]

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

Indeed. Many traders are getting impatient in their profits that they always panic when they are experiencing loss. Traders should learn how to calm down even the coin is starting to decrease because you may not get a huge earnings if you don't follow your strategy and you only just panic sell on your trades.

[leowonderful]

Remind yourself that there's opportunities everywhere and it doesn't matter if you miss one; just wait for something else to come up in the meantime. It sucks to miss out on a large pump, but you'll feel worse if you buy the top and things start heading down again. Trading's sometimes boring, and one of the most important things to do is to wait for trades to come to you instead of forcing something to happen. You're just a fish riding the current; don't go against it. Sometimes the best trade is just to not be in one at all.

[asyakashi]

Don’t be looking at the charts all the time;❌

What about some trades that do the analysis by reading charts?
they look expert and find lots of trading signals there. I began to be confused by various trading techniques.
but emotions are the hardest part to control.

[Kelvinid]

Don’t be looking at the charts all the time;❌

What about some trades that do the analysis by reading charts?
they look expert and find lots of trading signals there. I began to be confused by various trading techniques.
but emotions are the hardest part to control.

That is a very challenging part of being a trader. We know it is hard to control it but we are trying to make it right for the sake that we don't get bothered into what we feel.

I don't know how OP could think about the importance of using market charts. Or He might be using emotional trading rather than of using chart that is why he badly losing his money in trading

[Google+]

emotions are very difficult to control but you have to know that when you can control the emotions that you have then you can get many benefits, you can control them in many ways one of the ways that I use is placing buy and sell orders and after that exit a place of exchange so I don't really think about price movements in the market and won't be easily influenced by market conditions.

[dark08]

Controling your emotion is not easy as people think there will be a time you become greedy in your trade, I like the tips you mentioned above but always remember before entering in trading industry ask your self if you can do this, always make a risk management because not all the time your trade will win.

[nydiacaskey01]

As long as you are manually hitting the Buy/Sell button, theres a chance that your emotion will kick in and give you second thoughts if you will buy, sell or just hold. Even on the very last second that you will press that button, there is a chance that you will change your mind. How to avoid it, use Bots, Bots will just follow what you asked them to do, it will not think twice. Also you can place your Buy or Sell order early and leave it there until it reached the price where you want the system to sell or buy for you.

[harizen]

Let your emotions control you and you will realize in such time that you are now controlling them instead. Be used to it since in the first place you can't avoid it especially in the stressful world of doing trades.

As I said before, it's human nature so it's normal to become paranoid, being MIA, being FOMO or having difficulty with what to do next.

Build experience and just continue to do trades and soon everyone will learn how to cope up with their trading emotions.


To OP, next time you can just used BOLD on some statements that you want to strongly implied. No need to BOLD the whole statement and use a much bigger font size.

[Immakillya]

Trading is a difficult task. It requires mental and emotional strength. But the one of the most important tin trading is the control of emotion. It's very difficult to control. So if you're easily distracted when you're losing money in trading, think again. Maybe you let your emotions control you. Even me is having a hard time control it when I'm losing money. But I always keep in mind that it will recover soon. Remember the dos and dont's in trading

[pinggoki]

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.

[TelolettOm]

This is indeed the initial problem of most beginner traders and those who are experienced. Mood or feeling conditions when we want to trade in my opinion should also be considered because this is also about emotional control over ourselves that can make the wrong decision to be able to benefit