Control your trading emotional outburst and get yourself together!

[Wexnident]

Hey that's part of trading I suppose. I myself didn't actually realize that the price went down by quite a lot these past few days since I've been ignoring it when it started going down just so that I'd stop panicking and whatnot. Peeked at it today and I was like, hmm okay. Glad I set up some stop loss before I stopped looking though.  Dips should be considered an opportunity instead of a loss. Take it like this, you lost money due to the dip? Hey at least you're gonna earn more because of it no? And if it goes back, you'd recoup the losses you made early on, win-win. Just, don't get too optimistic, that ruins your life, same with being too pessimistic.

[TheGreatPython]

For these valid reasons we must not be feared of the current situation and just enjoy the dips that we are getting. If you are capable of invetsing more money then this is the time you should do.

I read about other possible reasons for recent dump of bitcoin markets but you are mentioning about only one. How this current market dump is a common one, I'm seeing the panic among investors is also a common one because for some reason market is having some correction which is usually triggering panic among traders and investors that again will result in more correction; this is what exactly happened and no one could do anything about that. Because, I am seeing people are always emphasizing about making use of dips in bitcoin markets but I'm not seeing that is actually happening.

[Yatsan]

Mixing your emotions while you are up into doing trading will probably make things mess up for you are not into focus of what you supposed to do making you unable to think of ways possible to strategize the actions you will do that will suit the current situation you were up to because panic and fear are residing within you that makes your emotions pumps up mixing how you are dealing with the trading pressure you have on hand. Remain calm and assess the situation because panic will not help you out in the situation for it will just make things worst for you. Compose yourself on trading and do not let your focus loose upon you.

[Zilon]

Hey community, I am writing this stuff just to make everybody calm and get their stuff together!

I am very shocked after seeing the forum full of stress in terms of Trading the bitcoin or other altcoins. When the crypto went down by 25% or more (some alts 50%+) everyone seems to be in pain and are confused right now.

No chat graph goes just in one direction. While we expect bullish trends we should also expect bearish trends because price of commodities are been affected by diverse factors mostly news irrespective of it's contents be it good or bad.

To limit panic whenever you experience a depreciation in price a proper understanding of supply and demand should be studied. As an investor you should take advantage of any situation and make good profit out of it not just getting worried over price drop which might result in wrong decisions.

[tvplus006]

It's just unfortunate how a lot of traders on and off the forum are so eager for cheap prices that they can buy only to get scared to place buy orders or open long positions when an opportunity to get altcoins at cheap prices presents itself. The thing I found out is that you won't make money in a fast moving market like this crypto market if dip opportunities like this are allowed to go by. Even Bitcoin touched 47K but it has quickly recovered like 8% and headed back to 50K. This is temporary. Next move is 70k.

Obviously, not all traders believed that the bitcoin correction was over, so they expected a further decline. Other traders start buying coins when they see confirmation that the market has turned around again for growth. Sometimes it is easier to buy coins at a price slightly higher than the minimum, but have more confidence that after the purchase, the price of the coin will rise, not fall.

[SquallLeonhart]

not all traders believed that the bitcoin correction was over, so they expected a further decline. Other traders start buying coins when they see confirmation that the market has turned around again for growth.

Yes, different people are trading based on their different strategies and technical analysis so some people are waiting for more corrections to happen and some people are already into buying and holding right now for new ATH to happen. I believe all of them might turn accurate over the time but there will be no surprises for those people who are waiting may need to wait infinitely as per current trend of bitcoin markets.

We may buy or sell bitcoin right now but that should be based on technical things and not just because of what we are observing with bare eyes. Because, when we are making decisions without the help of technical analysis then that will be influenced by our emotions at most of the times which definitely lead to losses as market volatility is not happening as per our emotions.

[harapan]

Mixing your emotions while you are up into doing trading will probably make things mess up for you are not into focus of what you supposed to do making you unable to think of ways possible to strategize the actions you will do that will suit the current situation you were up to because panic and fear are residing within you that makes your emotions pumps up mixing how you are dealing with the trading pressure you have on hand. Remain calm and assess the situation because panic will not help you out in the situation for it will just make things worst for you. Compose yourself on trading and do not let your focus loose upon you.

This is well said from you. The only thing is that it is easier said than done. Managing our emotions during trades isn't an easy feat to achieve. You either feel to afraid to buy become too fearful that panic selling end up becoming the only viable option that you see fit to chose. That is why it uz unless a trader take time to master their emotions, they would not be able to manage their trades properly as things would end up getting messed up.

[wiss19]

Managing our emotions during trades isn't an easy feat to achieve. You either feel to afraid to buy become too fearful that panic selling end up becoming the only viable option that you see fit to chose. That is why it uz unless a trader take time to master their emotions, they would not be able to manage their trades properly as things would end up getting messed up.

Yes, emotion control will become possible over the years of practice and that is the reason, many traders are getting failed even they are good at technical analysis.

We must take time to analyze about our emotion control before touching real crypto markets because most traders are getting into trading directly after developing skills on technical analysis but failing to evaluate their own control on emotions. Hence making things messed up is the only final consequences.

[maxreish]

With all of those unexpected dumps, there is always a choice of holding still.  Trading isnt that easy, sideways are always happening. If you are too emotional it will just messed up your trades and your original plan will gonna destroy your trading plan.

 There are also times that you are panicking because your money is at risk when market fails to follow your way, but with some patience and with having a back up plan like stop loss to minimize your loss, it is always better to have a plan B.

[wahyu wida]

Mixing your emotions while you are up into doing trading will probably make things mess up for you are not into focus of what you supposed to do making you unable to think of ways possible to strategize the actions you will do that will suit the current situation you were up to because panic and fear are residing within you that makes your emotions pumps up mixing how you are dealing with the trading pressure you have on hand. Remain calm and assess the situation because panic will not help you out in the situation for it will just make things worst for you. Compose yourself on trading and do not let your focus loose upon you.

This is well said from you. The only thing is that it is easier said than done. Managing our emotions during trades isn't an easy feat to achieve. You either feel to afraid to buy become too fearful that panic selling end up becoming the only viable option that you see fit to chose. That is why it uz unless a trader take time to master their emotions, they would not be able to manage their trades properly as things would end up getting messed up.

don't use feelings when trading. we just adhere to the framework that has been created. for what kind of results, I think it has become the power of God. indeed to be able to do so we are required to learn continuously

[Kong Hey Pakboy]

Mixing your emotions while you are up into doing trading will probably make things mess up for you are not into focus of what you supposed to do making you unable to think of ways possible to strategize the actions you will do that will suit the current situation you were up to because panic and fear are residing within you that makes your emotions pumps up mixing how you are dealing with the trading pressure you have on hand. Remain calm and assess the situation because panic will not help you out in the situation for it will just make things worst for you. Compose yourself on trading and do not let your focus loose upon you.

If you don't know how to control your emotions then probably trading isn't for you, in my opinion, we can utilize our sudden outbursts as an indicator if we want to trade that day, now if you are already feeling kind of angry or something then you should probably don't trade that day because it may amplify your seething emotion which will result in bigger losses. Take Yoga classes and other meditation classes to master calmness.

[iv4n]

With all of those unexpected dumps, there is always a choice of holding still.  Trading isnt that easy, sideways are always happening. If you are too emotional it will just messed up your trades and your original plan will gonna destroy your trading plan.

 There are also times that you are panicking because your money is at risk when market fails to follow your way, but with some patience and with having a back up plan like stop loss to minimize your loss, it is always better to have a plan B.

I agree with you, simply there are good days when everything is going smoothly, and there are days when nothing is working how we want it! It's like that because of the reasons you already mentioned, unexpected dumps, price going sideways (usually opposite from the way you want it)... Probably the only way to avoid this is to stand up from the computer and do something else for a while, and to come back later and try your thing!
It's hard to keep control of your emotions all the time, so I guess taking breaks is the best way to fight against those bad periods! To clear your head, and to rethink your strategies... maybe to find a different approach!

[Golftech]

With all of those unexpected dumps, there is always a choice of holding still.  Trading isnt that easy, sideways are always happening. If you are too emotional it will just messed up your trades and your original plan will gonna destroy your trading plan.

 There are also times that you are panicking because your money is at risk when market fails to follow your way, but with some patience and with having a back up plan like stop loss to minimize your loss, it is always better to have a plan B.

Most experienced traders always have good adjustment each time that the market unfavored their position.

Stop loss if you understand this feature will help you to minimize your loss and have a  better chance of

recovering in a much quicker way, though it's not as easy as it is  but bringing your full interest to this business

allows you to understand every specific factors that affects this market.

[el kaka22]

most traders are getting into trading directly after developing skills on technical analysis but failing to evaluate their own control on emotions.

That is because we are not having any specialized tool to evaluate our emotions and its controlling capability. Only thing we can do is just practicing emotion control along with while developing technical skills. But, people mostly focus on developing technical skills and leaving off gaining control over their emotions.

Probably the only way to avoid this is to stand up from the computer and do something else for a while, and to come back later and try your thing!

Yeah, taking breaks in between trades is highly recommended but traders out of pressures they do forget it getting tied themselves into their computers.

bringing your full interest to this business allows you to understand every specific factors that affects this market.

Your level of dedication definitely leads to your level of success with crypto trading. People who are failing to dedicate their time and efforts always leaving off crypto trading over the time with losses. When you are not ready to dedicate yourself for learning and practicing for crypto trading then never think about becoming a crypto trader.

[Ararbermas]

For me when it comes trading you must have a patience, good mindset and you know how to control your emotions in every situation in the market because you will end up losing profits if dont have such things while trading wherein panicking will be the results after all.. So always bear in mind to use that 3 words and be smart enough because that's the only key to success.. As the matter of fact some of here thinking its like after putting money they can get a massive profits which is not true, and always going crazy when they face some problems.. Remember as well that being knowledgeable is a big advantage.!

[Reid]

For me when it comes trading you must have a patience, good mindset and you know how to control your emotions in every situation in the market because you will end up losing profits if dont have such things while trading wherein panicking will be the results after all.. So always bear in mind to use that 3 words and be smart enough because that's the only key to success.. As the matter of fact some of here thinking its like after putting money they can get a massive profits which is not true, and always going crazy when they face some problems.. Remember as well that being knowledgeable is a big advantage.!

Damn right.
Some got lucky in this situation and pressed the withdrawal button. Not me. 
I was also hit by the bad wave but when you are in crypto trading for a long time it's a normal event to happen.
It dips hard and it also pumps hard when no one expects it. Some will save themselves from losing more and some will resist it and just wait.
My condolences to the money of those who just started. I bet they are now hurting so bad and cannot wait for another pump to happen.
It will. Just don't forget to wear your seatbelts until the time comes. There's always a light at the end of the tunnel.

[cyriljundos]

Exactly. It is hard to trade with no good strategies and techniques, it is very risky to trade with no knowledge and vasic information about trading, basic trader use buy low and sell high and they are not efficient intrading and sometimes losses their capital .

[harizen]

Any trading pointers, tips, suggestions, advice, etc. won't be understood by others if they didn't experience yet being in the worst situation. Even trading newbies are aware of those prior to doing any actual trade, they can't avoid that situation.

Let their emotions dominate them during that period. Let them feel the experience of being a loser. That's the challenge there, how to overcome those losses and continue. That's also the best time to question themselves if they really want to continue trading or not.

[martina14]

Most of the community here in the forum got panic and stress only if they are not fully matured in crypto space in my own
opinion only. However, we need to strong in a way of being more patience while we wait on the spike of the price value of the
coin we hold it now.

[Questat]

This is all about TRUST, and you can expect people to have that if in the first place that doubts has been always in their mind. And that is not to wonder why they easily get into panic every time they saw declines. We can't blame the market for our failure but instead, blame ourselves because that is the truth.

If we can correct ourselves and change our mindset, not possible to achieve what we aim for. It only needs to be more positive and never allow our emotions to drive us. Just keep trying as it is really hard to do it.