How do you combat your weaknesses in trading?

[imstillthebest]

My major problem in trading most definitely is Poor risk management. I sometimes see myself more like a gambler then a trader. With that usually comes overtrading because i want to trade for kicks, and even losing gives me kicks. But i try to combat that by trading with at least 4h candles so the time between the swings will be longer, and i will use 1d candles too just to be sure. And naturally leveraged trading is a problem for me.

I have been personally medicating my adhd to not to be so reckless, that i can keep a clear head and most of the time i try to do the exact opposite that my feelings are telling me. Just because i know that the whole game is rigged against my feelings, and markets usually act the exact opposite of how i feel of them.

I admit that some of you might not see some these options as problems in crypto trading, and sometimes aping in is a way to make the big bucks.

TLDR; i guess i wanted to ask that have you guys learned any lifehacks to overcome your weaknesses?

"You may only select up to 14 options" but the options are fixed at 14 and last option is extra . on the option there is "playing it too safe" but is this a weakness ? because i think its not . on trading we are doing are best to play it safe because risks or too much risks are deadly and can turned into loosing . most of the options are repeating , i dont need to special mention it all because its alot but see for your self . my main weakness is not following my plan or i sold too early and too late leads me to small profit . hard to say but its hard to combat this weakness until now but im trying my best

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[CryptocurencyKing]

Not taking the profit at the best time which also goes with not following the plan. When it goes your way, you tend to get too excited and fail to work with it and it's very bad. Not following your own rules. Of what essence is having a rule if it cannot be followed judiciously.

Being contented and knowing when to say yes, it has reached my target and you just live the market and let it be is key. If your able to do this kind of trading pattern, your loses are put in check and also your profits very much guided too.

[isaac_clarke22]

~

Not for me but for many people is the panic selling combined with emotions.
I chose other for the emotional trading, because it is a common weakness here because of course it's money.
Life hacks? Probably stop trading and just hold any top crypto you hold. You'll forget any worries, unless you're full-time in trading which is gonna be a really rough experience especially when you throw all your money in here which isn't advisable.

[Quidat]

~

Not for me but for many people is the panic selling combined with emotions.
I chose other for the emotional trading, because it is a common weakness here because of course it's money.
Life hacks? Probably stop trading and just hold any top crypto you hold. You'll forget any worries, unless you're full-time in trading which is gonna be a really rough experience especially when you throw all your money in here which isn't advisable.

Its really hard to say on controlling fully your emotions when you are actively dealing with the market.This isnt something that you can just be numb and wont really be affected at all.
Even those professionals or veterans on this market do commit up some mistake due to emotional kind of decisions which isnt surprising.We are risking our money and its just normal
that we would really be worried nor got stressed in case we do lost thats why every move that we do make then we would really be definitely be careful.
Weakness is there and it cant be completely get rid of but somehow can be controlled with due experience but this cant be attained in a short time.

[crzy]

Lack of patience most of the time because I’m too eager to make profit and sometimes I sell early even if its not my target price to sell and being impatience cost me a lot of money. Well, luckily I was able to improve myself in the past months and I was able to sell at the peak and now we have to be more patience again as the market goes down, and wait for its recovery.

[heyhat]

I also playing too safe The minimum risk will generally bring minimum return you know. But at least I sleep well.  

[Oilacris]

I also playing too safe The minimum risk will generally bring minimum return you know. But at least I sleep well.  

Playing  safe is what we do really like on where keeping losses as minimal as possible but there are people who arent really contented on the money or profit that they do gain.

Human beings are naturally greedy inside thats why that contentment will surely in result into further actions which on having that gambler had in mind.

In result? They would need to risk bigger to gain more bigger too. Risk:Reward ratio as we all know and this is one of the weakness but somehow if you
can able or manage to handle it out and turn out to be on your side then that would really be worth of.

[Dutchyyy]

TLDR; i guess i wanted to ask that have you guys learned any lifehacks to overcome your weaknesses?

When I see a situation where I know it's not the best for my abilities, I'm trying to stay away from trading. For example: when there is a too big gap in prices, I'm trying to stay out instead of guessing the price direction. This and other similar small steps improved my results over time a lot.

[Hypnosis00]

TLDR; i guess i wanted to ask that have you guys learned any lifehacks to overcome your weaknesses?

When I see a situation where I know it's not the best for my abilities, I'm trying to stay away from trading. For example: when there is a too big gap in prices, I'm trying to stay out instead of guessing the price direction. This and other similar small steps improved my results over time a lot.

That's exactly what we do.
We don't need to push ourselves into a thing that we never know. Trading is risky, almost everyone will fall into losing if mismanage, weak hands can no longer consider this as their best shot coz this will only give them losses instead of profiting.

Weakness is a part of our life, you can change it depending on your mindset but not all had won, some remain afraid and a lot of worries.
What I do in my life is to be more positive, which helps to keep our mindset positive as well.

[TimeTeller]

TLDR; i guess i wanted to ask that have you guys learned any lifehacks to overcome your weaknesses?

When I see a situation where I know it's not the best for my abilities, I'm trying to stay away from trading. For example: when there is a too big gap in prices, I'm trying to stay out instead of guessing the price direction. This and other similar small steps improved my results over time a lot.

That's exactly what we do.
We don't need to push ourselves into a thing that we never know. Trading is risky, almost everyone will fall into losing if mismanage, weak hands can no longer consider this as their best shot coz this will only give them losses instead of profiting.

Weakness is a part of our life, you can change it depending on your mindset but not all had won, some remain afraid and a lot of worries.
What I do in my life is to be more positive, which helps to keep our mindset positive as well.

As we don't know what will happen to the market, we react mostly on what we are seeing in the current market.
Just like few hours ago, bitcoin touched below 30k. Guess, a lot of people panicked during that time period.
They don't know if the decline will continue or not. But fortunately, it goes up again.
So those that bought some btc in that short dip is already gaining profit now.
But for those who sold because of the fear that it will go down more, has lost some of the profits.

[Fredomago]

Not taking the profit at the best time which also goes with not following the plan. When it goes your way, you tend to get too excited and fail to work with it and it's very bad. Not following your own rules. Of what essence is having a rule if it cannot be followed judiciously.

That's very important, sticking with your plans and execute whatever the situation. Traders find it difficult when they've seeing bullish market, greed inside conquer yourself leading you to lose your opportunities once the downfall start to run so fast.

Being contented and knowing when to say yes, it has reached my target and you just live the market and let it be is key. If your able to do this kind of trading pattern, your loses are put in check and also your profits very much guided too.

Precisely. Having that attitude towards this market gives you a high chance to see better results. It's all about patience and emotionless trading activities that guide you to a successful journey inside this industry.

[zanezane]

When I see a situation where I know it's not the best for my abilities, I'm trying to stay away from trading. For example: when there is a too big gap in prices, I'm trying to stay out instead of guessing the price direction. This and other similar small steps improved my results over time a lot.

Have you tried doing the opposite though? Although it looks counterproductive, that can be a good lesson to learn, for me I find making mistakes the best way to learn in trading albeit the mistakes cost me a small fortune, I do not mind because I know that making the same mistake will not happen again. My way to combat my weakness in trading is steeling my nerve into taking the rational approach instead of a panicked and emotional one which is really difficult at first but once you become good at it, a dump will not even flinch me into panic selling.

[michellee]

I also playing too safe The minimum risk will generally bring minimum return you know. But at least I sleep well.  

No problem with that. The important thing is we know how to minimize the risk in trading because if you do not know about that, you will not be able to make a profit and get lost many times. Playing safe will be our concern in trading and do not forget that we also need to manage our emotions to act based on the market situations. If we think that the conditions are not right to trade, we do not need to continue trading.

[Ridwan Fauzi]

Yeah, same with me. Most point that you mentioned I did often as well, like panic buying when I do this thing the price back to fall because I wasn't consider the other factor like I didn't see the harmonic pattern and etc. Also panic selling, this is the worsting to do. Buying the coin at the high price and the price just decreasing in the lower time frame and I was afraid and sell my coin.

Indeed, we have done this thing many times but seem like the habitation can be reduced quickly. We know that those thing can we take them as our experience but in the trading field we can't forget it quickly. Our psycology will act as the same thing like before, we know that was wrong but we will do it again. My point is trading need more time, at least you need 3 years that you can take an experience and didn't do the same thing after you make a mistake. After that, you will become an adult trader and can provide passive income.

[RealMalatesta]

I have several weaknesses when trading, including not following the plan, lack of patience and panic selling. These are the three weaknesses that I still frequently do and try to fight so that they don't happen again. The method is to have a strong commitment to be more disciplined in implementing strategies when trading, then more often do analysis when trading. In these two ways some of my weaknesses that I have mentioned slowly have rarely happened, but it is still difficult to eliminate 100% of our weaknesses in trading. Because there are always situations that often make us make mistakes.

That panic is something you can get under control, do not make it something you have to live with, because it is something you can get rid of by working hard. I know it sounds very hard right now, but it is definitely something you can do if you want to. I personally believe that there is a chance you could just hold until your plan happens by just not looking at it daily and just arranging everything you can.

For example, let's say you bought at 10 and you put a stop loss at 8 and you put a sell order at 20, that means you could get out, do whatever you want and not take a look at it. You can get notifications of movements to your phone for most exchanges as well, which means unless it does something you will not get anything but if one of them happens you will be notified. That way you could forget that you are in crypto and you will be capable of not having any panic by checking the price every 5 minutes.

[josgandosbro]

Trading is not easy to handle. First, you know the market price every day. Then easy to trad. Trading is connected the most of the people. So people will know you and increase the people's trust. This import of the improve you trading circle. Use the below link
https://www.investopedia.com/terms/t/trade.asp

[taufik123]

Average choice on OP voting leads to Lack of patience.
I am a person who is impatient in trading, so that the initial plan that was prepared did not go well. As well as very bad risk management,
I do not control the risk of trading.
Patience is related to psychology, because it is necessary to train psychology well.
When psychology cannot be regulated, trading will only result in losses, all will be chaotic. panic sell and panic buy will continue to be repeated.
It takes time to understand ourselves so that psychology becomes calmer and trading can be according to the initial strategy.

[cryptoperkele]

"You may only select up to 14 options" but the options are fixed at 14 and last option is extra . on the option there is "playing it too safe" but is this a weakness ? because i think its not . on trading we are doing are best to play it safe because risks or too much risks are deadly and can turned into loosing .

Well to a point it's not a problem. But if you play constantly too safe you won't be making too much money and you will be better off just investing rather then trading.

[fauzan123]

I also playing too safe The minimum risk will generally bring minimum return you know. But at least I sleep well.  

Everything will be directly proportional to the risk generated, if we want it with minimal risk, the benefits will also be minimal. but it is different if we want it in the long run, because it is not impossible with minimal risk but can get big profits,I think that's good enough to run.

[Quidat]

I also playing too safe The minimum risk will generally bring minimum return you know. But at least I sleep well.  

Everything will be directly proportional to the risk generated, if we want it with minimal risk, the benefits will also be minimal. but it is different if we want it in the long run, because it is not impossible with minimal risk but can get big profits,I think that's good enough to run.

But not all  would really be having that kind of patience on where they can really be willing to wait for definite timeframe for them to take out those profits  thats why
some people would really tend to switch up from long term to short term due into that very reason.Even myself had experience this kind of thing too on where
im really that too impatient into things and decided to go for active trade rather than on simply holding.In first encounter then you would really be a hard time
on grasping everything but once you do able to get the idea and how things done then you would really appreciate that shorter duration.