How to control your emotions while trading?👨🏼‍💻

[nasipadang]

From the book that I read, that our emotions and our thought patterns are influenced by our environment. here I think what must be done by traders is trying to act rationally and not less in the face of relatively high individual desires, I mean here "want high profits in every trade". What is suggested is true but in the act it will be difficult to do, finally we cannot defeat our desires, which ultimately makes a mindless decision.

[deisik]

Control comes with experience. At the begininig, when you first start to trade, no matter how hard you try your emotions will probably be stronger than you. And that is quite normal I would say.
As you gain knowledge and experience along the way you will get calmer, not so exposed to stress and it will be easier for you to maintain the cool head. When you get familiar with market and coins you will control your emotions much more efficient

In that case you wouldn't have to control your emotions

So it is not about controlling one's emotions in the way we control the car while driving, where it should turn left or right, accelerate or stop immediately. Our emotions are not going anywhere as they are hardwired in all of us, and it is impossible to rewire them. If you are panicky, you will always be panicky, as simple as it gets. The point is, with experience comes the understanding what situations you should avoid at all costs, and those are exactly the situations which trigger your primal emotions (fear, anger, etc)

In this way, if you want to make yourself into an emotionless trading war machine, do not let let yourself get dragged into situations where your emotions take complete control over you (and for many people it means just staying away from trading altogether). This you can control

[WatchMaker]

Writing down your target return on investment on paper is the best way to control your emotions. Before you invested in any coin you should write down your expected return on investment based on the data gathered during the market research and the coin recent price history. Never get emotional while trading when you get your desired ROI just move out. 

[TrevorS]

Emotion control is an interesting topic. However, it seems to me that combining the word control and emotions is somewhat wrong. Speaking of control, as a rule, people have a kind of suppression of emotions.
You are angry - you do not want to be angry - you suppress this emotion - you make yourself worse because of the strong internal tension.
Emotion must be either approved or released, only in this way you can "control" it.

[Fredomago]

Control comes with experience. At the begininig, when you first start to trade, no matter how hard you try your emotions will probably be stronger than you. And that is quite normal I would say.
As you gain knowledge and experience along the way you will get calmer, not so exposed to stress and it will be easier for you to maintain the cool head. When you get familiar with market and coins you will control your emotions much more efficient.

Emotion is your reaction on certain situations and controlling them is more difficult if money is involved on it. For me to control your emotions in trading is to trust your skills on it, don't listen to some fuds or sudden dumps or else you will really lose money. If those things affects you more than your own skills then it would be better if you'll just stop trading to avoid bigger loss.

That's agreeable since your reactions with certain movements inside the market will be according to how you understand the situations. Emotions
is tough to control since it's a nature inside that doesn't want to lose anything important. But if you have sets of plans where you can still be optimistic
and still in the positive side of your investment, emotion can be suppress with valid reasoning that you are expecting better outcome with your investment.

[Irvinn]

Is there really a big problem with emotions in every trader?  It seems to me that everyone will enjoy the positive results, and will also be discouraged and nervous, during failure or when doubts arise.  It seems to me that people who are engaged in trade can be divided into three parts, these are beginners, professionals who constantly automatically act in a particular situation due to the accumulated experience, as well as professionals who think about each transaction and very often have uncertainty about their decision  .  Based on this, you can determine who will experience what emotions.

[deisik]

Emotion control is an interesting topic. However, it seems to me that combining the word control and emotions is somewhat wrong. Speaking of control, as a rule, people have a kind of suppression of emotions.
You are angry - you do not want to be angry - you suppress this emotion - you make yourself worse because of the strong internal tension

That's exactly what I was trying to explain in some other topic over here

When you try to suppress your emotion, say, anger, you will only make it stronger because you won't be able to suppress such a primal emotion. Instead, you will only get angrier for not being able to control it. You will probably also feel frustrated in addition to just feeling angry (and still more so afterwards). The best course of action is to let such an emotion run its course (release it as you correctly point out), i.e. to succumb to it until it expires on its own

[Triffin]

Control comes with experience. At the begininig, when you first start to trade, no matter how hard you try your emotions will probably be stronger than you. And that is quite normal I would say.
As you gain knowledge and experience along the way you will get calmer, not so exposed to stress and it will be easier for you to maintain the cool head. When you get familiar with market and coins you will control your emotions much more efficient.

Emotion is your reaction on certain situations and controlling them is more difficult if money is involved on it. For me to control your emotions in trading is to trust your skills on it, don't listen to some fuds or sudden dumps or else you will really lose money. If those things affects you more than your own skills then it would be better if you'll just stop trading to avoid bigger loss.

In market of trading you will face so many people like this who know well how to deceive other people. Better stay careful and don’t invest your money in unknown sites just keep focus on your skills and gain knowledge. In trading you Will have to trust your own research don’t trust fake news it can make you take wrong step just be patient.

[Bustart]

From the book that I read, that our emotions and our thought patterns are influenced by our environment. here I think what must be done by traders is trying to act rationally and not less in the face of relatively high individual desires, I mean here "want high profits in every trade". What is suggested is true but in the act it will be difficult to do, finally we cannot defeat our desires, which ultimately makes a mindless decision.

Much better if we try to learn something that provide us strong mindset in order to control ourselves, on times trading was crucially involved. We all desire for great profit, but I don't think over expectations could bring better results. Most probably, those factors that might affect the decision making should be avoided, and taking it seriously is not appropriate.

[Herry Toms]

When you understand emotions then you have no need to control them. Trading is based 90% on Psychological analysis, most people learn things in a very hard way due to strong emotions with money.
I would say "Trading in the Zone" is the best book so far to learn how to control emotions. 

[Mpamaegbu]

I think the best method would be for one to predetermine one's entry and exit points while maintaining MM - Money Management. With that in mind, one should be satisfied taking whatever profit or lose his entries have and should not soak oneself in regret if price continues in ones direction after the exit. After all, the market will always be there for another entry.

[Polar91]

By starting to believe to myself and strictly implementing the risk management. In this way I have to guide go my trading plan and with the help of the discipline I can apply it without any problem. The common mistake of newbie traders are they regretful in cutting off their loss since they believe that it'll regain its initial value as soon as possible which is why most of them ended up being stuck in a bearish market. Once you've overcome that regret, you can assure to yourself that your emotion won't affect your trade ever.

[NathanJB]

I think the best method would be for one to predetermine one's entry and exit points while maintaining MM - Money Management. With that in mind, one should be satisfied taking whatever profit or lose his entries have and should not soak oneself in regret if price continues in ones direction after the exit. After all, the market will always be there for another entry.

This would help a lot. Before making an order, one should already have a definite set of numbers for stop loss and take profit. If the prices and their movements change along the way, different from what are being expected and predicted by the technical analysis, one could always withdraw or cancel the orders and create another one based on the trend. Objective analysis of what is happening is the key.

[el kaka22]

Emotions is part of being human but to avoid this use mind not heart and follow the plan and need to be brave as trader and condition as crypto trader is normal the price  is highly volatile up and down movement in the market.

I would say you won't have to if you use a trading bot, I know trading bots are quite common these days and there are tons of them that actually make a quite good amount of money but there are ones that make a ton of loss as well so you would have to figure out which ones are good.

I have tried a lot myself but I don't want to advertise which ones are good or I don't know want to say which ones are bad because their owners or fanatics may show up and say bat shit crazy stuff but I am confident that if you find a bot that makes a good income for you then you won't have to take your emotions under control. In that case all you would have to do is have a real wallet following app on your phone that checks how much money you have and that way you will know if your bot is working or not.

[Genemind]

Looking after your holdings during the dip will only ruin your emotions. The first thing that you have to learn in day trading is to deal with every market situation. Keep calm and don't stress yourself out when the prices are dropping because that's a part of crypto's volatility. You should set your target goal. Don't be too greedy and don't be too fearful, you should know how to balance and handle your emotions.

[Tungsten-1]

I think the best method would be for one to predetermine one's entry and exit points while maintaining MM - Money Management. With that in mind, one should be satisfied taking whatever profit or lose his entries have and should not soak oneself in regret if price continues in ones direction after the exit. After all, the market will always be there for another entry.

This would help a lot. Before making an order, one should already have a definite set of numbers for stop loss and take profit. If the prices and their movements change along the way, different from what are being expected and predicted by the technical analysis, one could always withdraw or cancel the orders and create another one based on the trend. Objective analysis of what is happening is the key.

It’s good indeed we can have such amazing profitable trading but have to be good in planning for it. At first step never invest such huge amount that you can’t manage to lose. Just take start with well known and trust worthy sites and buy at low price so holding it will give you profit. Cut lose or suddenly panic it’s full of lose.

[DoublerHunter]

By starting to believe to myself and strictly implementing the risk management. In this way I have to guide go my trading plan and with the help of the discipline I can apply it without any problem. The common mistake of newbie traders are they regretful in cutting off their loss since they believe that it'll regain its initial value as soon as possible which is why most of them ended up being stuck in a bearish market. Once you've overcome that regret, you can assure to yourself that your emotion won't affect your trade ever.

^ That's it, "self-discipline". I f you have this you can manage your self from controlling your emotions. There are few traders cant accept if they are going to lose, especially those having a huge amount as capital and when they had lost they can't move on. Possible they were out of mine and think to lose everything they had. Nevertheless, you should have this self-discipline in order for you to survive whatever happens win or lose.

[Triffin]

Looking after your holdings during the dip will only ruin your emotions. The first thing that you have to learn in day trading is to deal with every market situation. Keep calm and don't stress yourself out when the prices are dropping because that's a part of crypto's volatility. You should set your target goal. Don't be too greedy and don't be too fearful, you should know how to balance and handle your emotions.

The Greed of getting more and more profit, and the Fear of losing profit are the two emotions which a person should control very seriously because these are the two emotions which can destroy the whole trading of a person. A trader should build up his own strategies while trading and he must not follow his emotions but his knowledge Because sometimes due to stress a trader get panic and unable to decide the right thing, thus lose his profit.

[darewaller]

In market of trading you will face so many people like this who know well how to deceive other people. Better stay careful and don’t invest your money in unknown sites just keep focus on your skills and gain knowledge. In trading you Will have to trust your own research don’t trust fake news it can make you take wrong step just be patient.

The worst enemy of a successful trade is to listen to news and take the news exactly the way it is presented without really verifying the news, this is exactly what leads to emotion, it is either you are anxious to take certain decision that will lead to you buying a particular coin when you are not supposed to place it or when you place a buy order when you are not supposed to do so, and the other part of the emotion that causes panic buy is to listen to fud, these creates anger and makes the trader or investor to cheaply exit the market without actually verifying if the fud is just to create dump by whales or real.

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

[nelson4lov]

A trader's inability to control their emotions has always led to losses. I've seen it happen many times. FOMO for instance is one of the major reasons traders catch knifes, fan blades or even helicopter blades (due to buys at the peak) If an emotion like Fomo isn't properly put in check. Another emotion that tends to rekt traders is the loss syndrome. This is as bad as FOMO. You start feeling disappointed in yourself and casting blames here and there.

The best way to overcome emotions during trading is to have a neutral feeling about trades. A coin has both sides and you can either be wrong or right. The earlier you understand that a trade can go both ways, the better.  As for Fomo, In my experience You just have to stop chasing pumps. It's that simple. The best way to profit in this market is not about chasing pumps but by spotting and catching the trends early.