Bitcoin Forum
May 22, 2024, 02:32:30 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6]  All
  Print  
Author Topic: Control your trading emotional outburst and get yourself together!  (Read 832 times)
Distinctin
Hero Member
*****
Offline Offline

Activity: 2814
Merit: 647


No dream is too big and no dreamer is too small


View Profile
June 11, 2021, 10:01:05 PM
 #101

I left trading for a while, I just resumed and bought coin at ath instead of buying at dip, last week the market was going smoothly with my thinking that the price of trx will continue to pump I bought and within 24hrs on Sunday it dumped, I've been regretting all through... So what I did now was to leave the coin till whenever it decides to increase in value then I sell. I wasn't affected a lot because it wasn't my last money.

Your are among the type of people that do buy when one  supposed to sell and take profit from your investment. Good to know that you have learned your lesson and now buying at the right time. Now is the buying time whoever want to invest now before is too late again.
People had to change, learning from our mistakes is the best thing that could help us to grow and become more responsible for our future. Taking such an opportunity to buy at a low price, hold, and sell when rallying back, is a strategy that we commonly used, and yet it was efficient.
What makes people not enjoyed trading is because they are controlled by their fear and doubts. They are not comfortable of what they are doing which it leads to wrong decisions that become a reason for our failure.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
XCANA
Full Member
***
Offline Offline

Activity: 1456
Merit: 148


View Profile
June 11, 2021, 10:40:59 PM
Last edit: August 02, 2021, 05:09:15 PM by XCANA
 #102

I left trading for a while, I just resumed and bought coin at ath instead of buying at dip, last week the market was going smoothly with my thinking that the price of trx will continue to pump I bought and within 24hrs on Sunday it dumped, I've been regretting all through... So what I did now was to leave the coin till whenever it decides to increase in value then I sell. I wasn't affected a lot because it wasn't my last money.

Your are among the type of people that do buy when one  supposed to sell and take profit from your investment. Good to know that you have learned your lesson and now buying at the right time. Now is the buying time whoever want to invest now before is too late again.
People had to change, learning from our mistakes is the best thing that could help us to grow and become more responsible for our future. Taking such an opportunity to buy at a low price, hold, and sell when rallying back, is a strategy that we commonly used, and yet it was efficient.
What makes people not enjoyed trading is because they are controlled by their fear and doubts. They are not comfortable of what they are doing which it leads to wrong decisions that become a reason for our failure.

The fear is as a result of the fact that many of them are either using their last money or the one they borrowed for investment purpose. Using such money for crypto currency trading will make you to be under pressure and in that condition you will not be able to make good trading decision rather yoy will end up with decision full of emotion.

fullhdpixel
Hero Member
*****
Offline Offline

Activity: 2814
Merit: 610



View Profile
June 13, 2021, 07:46:46 PM
 #103

Your are among the type of people that do buy when one  supposed to sell and take profit from your investment. Good to know that you have learned your lesson and now buying at the right time. Now is the buying time whoever want to invest now before is too late again.
Usually, I refrain from giving investment advice to others because neither I am an expert nor I want to be responsible for others' loss. This time though, I feel like suggesting others to buy because soon we might be on the rocket to the 100k cloud once a decent bull run starts. I still don't know why the price fell down by so much because we may blame someone for it, but a single guy although a billionaire shouldn't be solely responsible for the crash.

If you don't want to buy right now guys, at least don't sell at such prices because it's almost certain that we will hit better prices if not a new ATH altogether really soon. That said, it's your money so take your own decisions and I am just sharing my thoughts.

It's not easy to keep yourself up and optimistic when you have lost half your portfolio value but this is what we are all discussing in this thread, how to avoid the emotional outburst and gather ourselves.

       ███████████████▄▄
    ██████████████████████▄
  ██████████████████████████▄
 ███████   ▀████████▀   ████▄
██████████    █▀  ▀    ██████▄
███████████▄▄▀  ██  ▀▄▄████████
███████████          █████████
███████████▀▀▄  ██  ▄▀▀████████
██████████▀   ▀▄  ▄▀   ▀██████▀
 ███████  ▄██▄████▄█▄  █████▀
  ██████████████████████████▀
    ██████████████████████▀
       ███████████████▀▀
.
.Duelbits.
.
..THE MOST REWARDING CASINO......
   ▄▄▄▄████▀███▄▄▄▄▄
▄███▄▀▄██▄   ▄██▄▀▄███▄
████▄█▄███▄█▄███▄█▄████
███████████████████████   ▄██▄
██     ██     ██     ██   ▀██▀
██ ▀▀█ ██ ▀▀█ ██ ▀▀█ ██    ██
██  █  ██  █  ██  █  ██
█▌  ██
██     ██     ██     ████  ██
█████████████████████████  ██
████████████████████████████▀
█████████████████████████
█████████████████████████
████████████████████████▌
       +4,000       
PROVABLY FAIR
GAMES
   $500,000   
MONTHLY
PRIZE POOL
      $10,000     
BLACKJACK
GIVEAWAY
lixer
Hero Member
*****
Offline Offline

Activity: 2520
Merit: 586



View Profile
June 13, 2021, 08:22:11 PM
 #104

Don't panic, everyone lose their money in trading so you are not only facing this but how soon you understand what is the mistake done by you and rectify that in your next trade is the key point. If you continuously keep failing in trading then just take a break and then comeback when you ready, just keep in mind that don't over do it so you can avoid too much stress.
There is literally no way one can rectify a mistake they didn't make in the first place. I don't think buying BTC @$55k-$60k was a mistake at all because the market was bullish and expectations were reaching $100k. A mistake would have been if someone invested in a shit coin and expected it to grow but BTC is the best possible asset to invest so it wasn't a mistake but a misfortune.

It would not be astonishing that a ton of individuals are encountering fit of anxiety and much more regrettable having self-destructive contemplations as I am composing this. So what I did now was to leave the coin till at whatever point it chooses to increment in esteem then I sell. I wasn't influenced a great deal since it wasn't my last cash.
People have even suicided, I read in some Reddit posts and tweets. The best thing one can do during such times is to just lock their coins and forget about them for some time. If you keep checking their price daily and it is for some reason dropping bit by bit, you will eventually lose control and sell the in anger and that is what whales want people to do.

Pages: « 1 2 3 4 5 [6]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!