How to control your emotions while trading?👨🏼‍💻

[Asmonist]

Well its really unevitable to feel mad or disappointed in trading. Sometimes you are most likely to be very aggresive and excited to invest in. You seem to be excited of your possible gains. Most likely you cannot control it. But eventually, after so many mistakes and struggles in trading you'll become mature to it. You can control your emotion and gain strategies on how to work on it. I think its just a matter of time.

[makolz26]

Well its really unevitable to feel mad or disappointed in trading. Sometimes you are most likely to be very aggresive and excited to invest in. You seem to be excited of your possible gains. Most likely you cannot control it. But eventually, after so many mistakes and struggles in trading you'll become mature to it. You can control your emotion and gain strategies on how to work on it. I think its just a matter of time.

That is normal as we know the market is so much unpredictable sometimes, as there were times when we did our part by doing a research, we did technical analysis, fundamental analysis and we are sure of what we are doing and we are sure of our entry but  then all of the sudden it switch the wrong way, so it's really kinda stressing especially if you forgot to put stop loss.

[pant-79]

There is a telegram channel that I am in, the name is ekt pens and all they do all day is to forward messages made by investors/traders/hodlers who has lost money in the Cryptocurrency space, that is a pretty powerful FOMO killer in my opinion because anytime I get excited about an overhyped project, all I need to do is visit the group and read some terrible sob stories and I would remember to make every single trading decision with the utmost caution and extensive research.

[logicgate]

This one is really hard bcoz of greed and FOMO, I admit this is one of my flaws
but I know it is possible if you have set your attitude right and have self-discipline.

Both these emotions could be controlled and reduced effectively with the help of meditation and yoga. FOMO is anxiety that makes you take decisions which probably you would not have if you were in right senses. As far as greed is concerned, this is evil trait of human beings which always makes us take wrong decisions with a hope of making big money. In order to avoid greed, we can set targets and simply stick to them.

[samuraijin]

⠀
Follow your own plans, don’t compare your results with results of other traders too often.👨🏼‍💼

this often happens in almost every trader, so that the emotions to get more profit cannot be controlled, because they always see the results of other traders and will never be satisfied until finally harming themselves, usually I every trade when I feel hungry , I will immediately eat something and if I am lustful I quickly go to the room to make love with my wife. if emotions are usually I prefer to be silent and aloof avoid trading

[PuertoLibre]

This one is really hard bcoz of greed and FOMO, I admit this is one of my flaws
but I know it is possible if you have set your attitude right and have self-discipline.

Being greedy is not bad at all. I mean who on earth does not want to have money. It is the only thing that can fulfill our basic needs and eventually desires. You should always desire for the most instead of more. That will solve the issue of losing control for little gains. As far as the FOMOs are concerned, this issue can be handles with knowledge. Just research about your coin and trust in it.

Humans tend to be greedy but in trading, the lack of emotional control will definitely have negative consequences. The effect of emotional trading will make the profit curve of trading account up-down and the stability will stay away from the trader under these psychological conditions. FOMO is a useless feeling unless there is no chance to catch the lower price in the future and in most times the price reverses back to the level which it started to climb higher.

[LouVandetta]

There is a telegram channel that I am in, the name is ekt pens and all they do all day is to forward messages made by investors/traders/hodlers who has lost money in the Cryptocurrency space, that is a pretty powerful FOMO killer in my opinion because anytime I get excited about an overhyped project, all I need to do is visit the group and read some terrible sob stories and I would remember to make every single trading decision with the utmost caution and extensive research.

Good idea actually, lmao. Seeing others' suffering or losses could make us remember how to be cautious and grateful about every little things. Controlling our emotions is by far one of the hardest thing a trader could control. Especially if one cannot bear to hold their horse's when it comes to trading. Especially fomo and fud, it's not a thing a newbies could pull it off especially under pressure. Don't let your emotions get the better of you.

[wildan88]

This one is really hard bcoz of greed and FOMO, I admit this is one of my flaws
but I know it is possible if you have set your attitude right and have self-discipline.

Both these emotions could be controlled and reduced effectively with the help of meditation and yoga. FOMO is anxiety that makes you take decisions which probably you would not have if you were in right senses. As far as greed is concerned, this is evil trait of human beings which always makes us take wrong decisions with a hope of making big money. In order to avoid greed, we can set targets and simply stick to them.

I think to control emotions while trading, we have to be good at analyzing. because people who can analyze them have patience, besides that they also know when in and out. because actually people who can't control emotions are people who have no direction. because they are easily provoked, like FOMO.

[adzino]

Emotion is something natural. Trying to suppress/control your emotion is trying to do something "unnatural". Instead of doing that, the better thing to do is to learn to reach in a proper way when trading instead of letting emotions take your decision.
The best way to react naturally is to "look ahead" for all possible outcomes when trading. This way you will always be prepared when anything happens even if it is something that is really bad.

[onrise]

This one is really hard bcoz of greed and FOMO, I admit this is one of my flaws
but I know it is possible if you have set your attitude right and have self-discipline.

If you believe in yourself you will be able to overcome it easily as you will have discipline in life and not be greedy that you want more and more . This will help you to restrict yourself and have a fixed goal for yourself and once you achieve it you will stop it.

[Blackdeath]

It is really hard to control your emotions in trading, especially if you are a beginner in trading that you can't handle the risk and if the coin that you are holding is starting to fall down badly. I think for you to control your emotions and to avoid panic selling while trading is you need to have patience and learn to set up your goal, so no matter what happened you are aiming on your goal and not thinking about panicking.

[bitzizzix]

Emotion in investing or trading is the worst enemy that can destroy and become a loss quickly, and must tighten in self-control and increase discipline in trading.
conduct trade research when you have experienced losses before and learn from mistakes and need to be corrected, make good calculations and analysis and involve choices with strong feelings to convince your choices and at least it will control your emotions and do it casually.

[Slow death]

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

⠀
And how can you do price analysis if you are not constantly looking at the chart? I understand that emotions cause us to suffer many losses. But that's why it's necessary to have a strategy, to know the point of purchase and selling, and to know what money the person can lose if something goes wrong.

Follow your own plans, don’t compare your results with results of other traders too often.

I made that mistake in sports betting. But in the case of this crypto market. It is very good that the person observes various opinions of others in their technical analysis

[drachman]

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

⠀
And how can you do price analysis if you are not constantly looking at the chart? I understand that emotions cause us to suffer many losses. But that's why it's necessary to have a strategy, to know the point of purchase and selling, and to know what money the person can lose if something goes wrong.

By only looking at the charts for long enough to make that analysis and then forget about them, many traders have the tendency to look at the markets for too long even when they have no intention of making any trade, I know about that because I have the tendency to make that mistake as well, but that is something that I'm trying to change because it seems that I am unable to do my normal activities without checking my portfolio every other hour.

[marcous]

Well, I personally when seeing prices continue to rise while I have sold it all certainly feel upset. sometimes if I trade on an altcoin I close the market. we must keep positive thinking that when we take profit is the right choice rather than regret. holding back not being greedy is better I guess. And at least we must have a target percentage to take profit or cut loss.

[Jercyhora2]

Learn to analyze or simple graph reading, this will help you to calm when time you buy at high then suddenly the price drop. Start the analysis with simple zoom in to the graph 1minute range. Then zoom out to see the past history of the coin your trading to.
It is normal when you buy at low then it didn't stop until it came to the lowest just don't panic. Remember before getting in on a trade you should know on where place you should be in.

It's true that, history tells what is the next price. Just watch out those signs, and play emotionless like playing poker game that you already know what will happen next.

[cryptoloverlife]

I wonder how will one know the time to place trade if you are advising people not to always look at the chat. I don't really believe that not looking at the chat will reduce your emotion if you are the type that attached your emotion to crypto currency trading.

Emotions will not help you to make a decent profit because it will help you to lose control of the trading. With our emotions, we might suddenly change our mind by selling them and soon after selling, the price of a coin will start increasing in the market. So always stay strong even though you see downtrend and it will take some time to recover the price of coins.

[Battareus]

Don’t be looking at the charts all the time;❌ - that is. When you know about yourself that you lose emotional balance when something goes wrong, it’s better to set your take profit and loss goals and close the chart.

[iv4n]

Don’t be looking at the charts all the time;❌ - that is. When you know about yourself that you lose emotional balance when something goes wrong, it’s better to set your take profit and loss goals and close the chart.

Its setting up buy and sell orders, to be more accurate. I do that sometimes, and it really helps. Watching charts and waiting the price to move in direction you want can make me nervous, so setting up an order and closing the exchange window helps sometimes. Of course its not possible to do that all the time, some times you need to be online and active all the time to catch some good trade, but those moments trading is interesting and make me excited.

[Palider]

It is our emotions that dictate us sometimes so we do the wrong things.

So it's better to fight back and not let our emotions drive us to make mistakes. Our knowledge must be enabled because it is more appropriate in this situation, as you mentioned.