How to control your emotions while trading?👨🏼‍💻

[Ejanend]

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.

That is true. However, it takes some time before a person can really understand cause and effect. Not only this, acknowledging the reality even after knowing it is also a gutsy task. Sometimes, we simply deny the truth because we do not want that to be the truth. Only a mature person can understand reason and act accordingly. The best way to control emotions is to remind oneself everyday how important this is.

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[Fredomago]

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.

Setting goals and stick to your original plan and avoid changing things if you are unsure, since heavy fluctuations are present to this venue being greed will eat you alive and make you commit more mistakes. Be very careful as market have a lots of things to offer and if you are misguided you'll lose your
position together with the chance of earning from this industry. Let things happened according to what you think you have the edges.

[bitzizzix]

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.

[Apened]

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.

Yes, greediness is the enemy of a trader even how much he already earn. But i do ithink to control emotions in trading is to have always a good bias where in you always look for 2-3 different outcomes or possible scenarios.

[Best Dreams]

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.

That is true. However, it takes some time before a person can really understand cause and effect. Not only this, acknowledging the reality even after knowing it is also a gutsy task. Sometimes, we simply deny the truth because we do not want that to be the truth. Only a mature person can understand reason and act accordingly. The best way to control emotions is to remind oneself everyday how important this is.

I think everyone should give this power to control of emotions to themselves otherwise we know if we lost patience it will make all lose better hold on and wait for an other opportunity as crypto trading gives uncountable opportunity to the traders if today you lose money so the next day you can win but good luck always needs to wait and we all will get to wait until market recovers.

[browncurtis]

https://c.radikal.ru/c11/1910/12/39d80ac8b744.png

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.👨🏼‍💼


I totally agree with this opinion. But in fact, it's really hard not to compare with other 

[Aying]

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

Indeed. it needs to be experience not just experience of others. every traders done this experience and we need to endure the pain and start over and learn. everyone that trades here have their own bad situation everytime they enter the market. lets insure that we have information of all strategies that what we need.

[zeze18]

To control it we must train it by experience.
I'm comparing my trades history between 2 years ago and right now.
I used to buy 1 coins and panic sell when the price drop a bit and move to a bullish coin but when i bought it the price got dropped also.
So day by day i keep practicing my trading analysis and see the market movement , right now it's a lot of better in terms of the risk management

[mrBTCman]

Try to create a plan each time you enter the market, and stick to it. It helps to keep calm. If necessary, apply for some trading tools to feel more comfortable and confident. For example, I have recently explored for myself info bot launched by the exchange I use - https://t.me/CexIoInfoBot. I like the idea of monitoring the changes that occur in the crypto market and price movements. Also, I noticed I feel calmer now because if something new will happen in the market, I will be informed.

[darewaller]

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".

Always targeting high profit sometimes makes it difficult for us to be able to control our emotion, and we always fail to execute trade when we are meant to execute it which may eventually lead us to making the wrong decision and falling as victim of panic.

Since we are humans, it is really very difficult to control emotion, and no one is perfect in doing this, we only try as much as possible to use some certain tools to cover our shame which one of the tool that I do use to actually cover my secret is that of stop loss too, and also the profit taking tool, and that is why I can never use any exchange that does not have this tool in place, because if I do, I will only end up shooting myself in the leg by falling for my emotion which I don’t think I can naturally control.

[arifteguhr]

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".

Experience that will provide learning how to stay accustomed to the market conditions we will face. because that way we will understand how the sensation of being able to still be able to control our emotions. because now there are so many theories that in my opinion can not provide direct experience how to control one's emotions

[Kersh768]

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.👨🏼‍💼

Trying to be calm would be the first step tocontrol your emotions while trading in order to avoid risky decisions. But it is not thay easy especially at times like this wherein the cryptomarket is showing extreme volatility. In order to be calm, think of what happened before. The market value was very low way back 2010 and also, how high the market prices became last 2017. This simply implies that there would always be a tendency for the market to recover no matter how bad the situation become.

[BChydro]

Experience that will provide learning how to stay accustomed to the market conditions we will face. because that way we will understand how the sensation of being able to still be able to control our emotions. because now there are so many theories that in my opinion can not provide direct experience how to control one's emotions

You need to have a good experience to have a level head when you are trading and you have to be free of pressure not to panic and sell when you see the market going down, if you enter the market at a good time then there is no way you will end up in a loss and in order to trade with patience you need to have a good financial stability so that you are able to hold for a long period of time and if you are able to do that then you will reap the benefits of this market.

[romero121]

Controlling emotions while trading is a very simple thing, for this user needs to have patience to yield profit. Users always want instant profit, this is where the risk of losing happens. Day traders go with large volume funds with small margin profit. When we're doing trade with small capital we should be prepared to buy and hold to sell at the right price.

Emotions can be controlled in other way investing on the top altcoins and trading. Regularly there will be small scale fluctuations. We need to observe the market moves closely. This will help in execution of the trade at the right price to profit good.

[Darooghe]

You can't control them unless you embrace them, and become aware of what you're doing and why, at the time you're experiencing the FOMO. you can arbitrarily force yourself from trading in case of a loss. take a breath and hit the treadmill. if you lose a trade, hit the treadmill for 10 minutes or so. it'll do wonders for your state of mind.

Furthermore you shouldn't worry about your trade and focus on yourself. if you get yourself in the right mindset, then your trade will follow you. occasionally you'll get a few situations you can't deal with along the way but hey, it happens, don't worry about it. you should use whatever means you use to calm yourself down whether its deep breaths, your favorite music, happy thoughts or something you know you better than we do.

[Obito]

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.📈
⠀⠀
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.👨🏼‍💼

Sometimes you gotta need to do something odd rather than what the majority did. But sometimes it may imply unexpected result. As to play safe, what has been doing by majority is the better option you could offer to yourself. On the other hand, after all doing this, it will still be about your personal behavior, no matter what the strategies or plans you had with your mind as long as you let your emotions control over yourself you won't be getting far than you supposed to be. It ruined all plans and strategies, so let your emotions out of it for a succesful trading.

[vintages]

I think excessive monitoring of the price site like CMC and chart should be the paramount here.
This particularly creates panic which in turn causes panic selling.
This does not mean that the trader should shut themselves out from been updated on the latest news on crypto but instead reduce constant watching of price especially on the period  many are panic selling.

[Webetcoins]

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.👨🏼‍💼

Trying to be calm would be the first step tocontrol your emotions while trading in order to avoid risky decisions. But it is not thay easy especially at times like this wherein the cryptomarket is showing extreme volatility. In order to be calm, think of what happened before. The market value was very low way back 2010 and also, how high the market prices became last 2017. This simply implies that there would always be a tendency for the market to recover no matter how bad the situation become.

Yes a person should start trading at that time until and unless he knows how to control his emotions because due to stress situation he could lose a lot of money in trading as a trader could face much problems due to panic selling, and for controlling emotions he must know the conditions of the market and always should be hopeful for the market recovery.

[doomloop]

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.

[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.