How to control your emotions while trading?👨🏼‍💻

[xSkylarx]

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.

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[Mahanton]

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.

Just let those human being natural reactions would come out yet sooner or later they would surely learn with that kind of mistake.

Reacting into things is inevitable thats why we do make such actions basing on what we are currently seeing until we do realize that we had committed the wrong
ones which on next face up on said situation you are already aware on what would be the best thing to do under those circumstances.

Experience is the best teacher but if you do tend to learn from it.

[d3nz]

Just be cool and don't panic buying and selling even though there is a lot of FUDS or FOMO roaming around this forum or even part of the community website related to cryptocurrency.

Best is always to be always in chill and manage your mind and instinct to trade so it will not be your lost.

[AicecreaME]

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.

I disagree, how can you earn if you don't know anything about what you are doing? you could do Trading without any knowledge weapon, but it is so stupid. The news are mostly legit all of the time, the only problem is that they are adding up or subtracting a certain information, that is the reason why it is very misleading and confusing, and of course if people absorbed that and apply it instantly, then they could say goodbye to their profits.

[watergold]

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 .

[iamsange]

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.

[erickastella]

every time I trade I always use stop loss in order to minimize losses, even if I have to make a CL doing it is quite emotional, but I am able to control my emotions, by walking around the park to relieve stress and sometimes play with my child, remember buying at red sells at green, sometimes traders always make the mistake of buying coins / altcoin when it reaches the top, it's very avoided by me, because it can happen a very deep dump, therefore it is important to control emotions in trading also determine its profit or not.

[jrrsparkles]

every time I trade I always use stop loss in order to minimize losses, even if I have to make a CL doing it is quite emotional, but I am able to control my emotions, by walking around the park to relieve stress and sometimes play with my child, remember buying at red sells at green, sometimes traders always make the mistake of buying coins / altcoin when it reaches the top, it's very avoided by me, because it can happen a very deep dump, therefore it is important to control emotions in trading also determine its profit or not.

Basically we need to stop when we get emotional? Hmm might be but we also can understand the market movement from our own feelings if we are in control of it.We have to just act to the opposite of what we are doing that is how whale move the market,having stop loss can save us from great losses but we still have to active to be in profits that is what a trader supposed to do.

[ringgo96]

Emotional control is not easy because now it is one of human nature. if there is a decline in our assets there will certainly be panic in ourselves. experience is what will make emotions will be controlled. because if we are not used to the feeling of emotion will not disappear. everyone must experience it when trading

[Sadlife]

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.👨🏼‍💼

but the most important part that you missed to indicate is "Never trade when your not ready"

readiness means:

--complete sleep

--not angry or sad

--and not in a Hurry

because our emotion will lead us to either bad or good decisions

[deisik]

Hmm might be but we also can understand the market movement from our own feelings if we are in control of it.We have to just act to the opposite of what we are doing that is how whale move the market,having stop loss can save us from great losses but we still have to active to be in profits that is what a trader supposed to do

It has been tried out already, and no, it doesn't appear to work. For example, you are inevitably losing in the long run, so you set up a system which automatically changes your orders into their opposites without you even being aware of it (or someone else sets it up for you to try out this approach). So when you buy something, the system sells it, and vice versa (let's assume you can both sell and buy)

Does it mean you will stop losing?

[jrrsparkles]

Hmm might be but we also can understand the market movement from our own feelings if we are in control of it.We have to just act to the opposite of what we are doing that is how whale move the market,having stop loss can save us from great losses but we still have to active to be in profits that is what a trader supposed to do

It has been tried out already, and no, it doesn't appear to work. For example, you are inevitably losing in the long run, so you set up a system which automatically changes your orders into their opposites without you even being aware of it (or someone else sets it up for you to try out this approach). So when you buy something, the system sells it, and vice versa (let's assume you can both sell and buy)

Does it mean you will stop losing?

Not from every losses but it can save us from serious losses when the whales dump the market but again it is impossible to predict what is going to happen so we have to draw our own line of which price to sell and where to buy again apart from the market condition which can give profits we wanted but others may make more or may be loss.

[zidanw]

Not provoked by the market or fomo conditions that occur so that we will not go wrong. if we carry over this condition many of them finally buy at the highest point position. it's better to always use indicators that you understand. following fomo is very high risk if there is no clear info that we know of. many people play in this condition

[deisik]

Hmm might be but we also can understand the market movement from our own feelings if we are in control of it.We have to just act to the opposite of what we are doing that is how whale move the market,having stop loss can save us from great losses but we still have to active to be in profits that is what a trader supposed to do

It has been tried out already, and no, it doesn't appear to work. For example, you are inevitably losing in the long run, so you set up a system which automatically changes your orders into their opposites without you even being aware of it (or someone else sets it up for you to try out this approach). So when you buy something, the system sells it, and vice versa (let's assume you can both sell and buy)

Does it mean you will stop losing?

Not from every losses but it can save us from serious losses when the whales dump the market

We can know that only in hindsight

Unless we have insider info which we typically don't (I mean, en masse). As an illustrative example, when the price of some cryptocurrency starts to move down big time (think Bitcoin here, for simplicity's sake), we essentially have three modi operandi (plural of modus operandi, i.e. a particular way of doing something), which are described in detail below. Maybe someone can come up with something entirely different

First, we can do nothing, i.e. wait out the bad times and hope for the best, in this case, for the price to recover (eventually or otherwise, sooner or later). It may pan out but as easily it may not. For example, those who bought at anything above 15k are still deeply in red, and many of them have already lost all hope and called it a day by fixing losses (so much for doing nothing)

Then, we can sell immediately and thus prevent losses from accumulating and multiplying. But this is not a panacea either since, as I said, we can only measure the bottom once we have touched it and rebounded from it. In other words, selling in these circumstances can in fact turn out quite counterproductive, and instead of preventing losses, we can set off on a journey of collecting them here and there

And finally, we can choose a completely different, even somewhat antagonistic approach by taking the route of cost-averaging. Basically, we can continuously add up to a losing position but since this can be seen as an extension of the first approach, instead of making our position better, we may actually end up with a worse one (like when we started to average down from the ATH of 20k)

As you can see, not a single one of these three possible ways of trading in a downtrend market can guarantee anything

[Ejanend]

every time I trade I always use stop loss in order to minimize losses, even if I have to make a CL doing it is quite emotional, but I am able to control my emotions, by walking around the park to relieve stress and sometimes play with my child, remember buying at red sells at green, sometimes traders always make the mistake of buying coins / altcoin when it reaches the top, it's very avoided by me, because it can happen a very deep dump, therefore it is important to control emotions in trading also determine its profit or not.

These tips for controlling ones emotions and calming down the mind during stress hours would be a great help to many people. I totally understand that there are ups and downs in all sort of journeys but we should stay patient regardless of the situation. Moreover, if someone has invested in a great coin like bitcoin, at least he does not need to stress out because such investments have proven profitable.

[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.👨🏼‍💼

but the most important part that you missed to indicate is "Never trade when your not ready"

readiness means:

--complete sleep

--not angry or sad

--and not in a Hurry

because our emotion will lead us to either bad or good decisions

These three things influence very much in people’s lives because not taking complete sleep means that a person is not in a condition to decide whether he doing good or not and I think trading is something which need much intelligence and activeness which a tired brain cannot manage, and having angry or sad mind could not do any proper decision about buying or selling in trading, so always be comfortable while trading then your emotion will be control.

[Landak]

Controlling emotions when trading is easy if you already know "cause" and "effect".
first you have to stay calm, use your own analysis because with your own analysis you will not follow FOMO, from this analysis you will be able to determine whether this trend is Up or Down. when trading, it is better if you set the stop limit loss option to minimize excessive losses.
read news about economic movements which can affect the price or not, and remember don't make a decision without analyzing, a lot of news that is less valid will eventually be trapped in the wrong situation.

[Gotumoot]

To control my emotions in trading I immediately plan for possible events. Just like the sudden rise in prices I find out the causes and whether they should really sell. And in the fall I do the same thing so I know how deep I think it will fall. I am satisfied with my income, so I do not want to get bigger because it can cause losses. It's just like the gamble "When I win I quit".

[AliMan]

To control my emotions in trading I immediately plan for possible events. Just like the sudden rise in prices I find out the causes and whether they should really sell. And in the fall I do the same thing so I know how deep I think it will fall. I am satisfied with my income, so I do not want to get bigger because it can cause losses. It's just like the gamble "When I win I quit".

Just avoid having greed so we will have satisfaction with our gains even though how small it is as long as it gives us profit. Eventually as you continue your tradings, you can increase your buying capability for adding up your capital and earn potential high gains, once the market remarkably touch the top value. Always set all your goals accordingly, by optimizing your funds because if you do it successfully I believed you won't regret that decision. Learn all of the possible ways to handle situations, that you think could affect your trading capacity.

[Tungsten-1]

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.