vicko27 (OP)
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Behind The Curve
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May 07, 2021, 03:53:26 PM Last edit: May 07, 2021, 06:57:03 PM by vicko27 |
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I firmly believe that everyone who trades will experience the Psychology of Reversal which creates regret and disappointment and it all affects mood and psychology in an unhealthy direction. If it has a bad influence in your daily life, then you are really a loss. Get rid of that feeling, the opportunity will always be there if you have missed a very good opportunity at this time. If we buy the price keeps going down, after selling the price is getting up, we assume the market pays attention to us and doesn't support you to make a profit. it is one example of the Psychology of Reversal which always creates deep regret if you do not have gratitude and think it is not your fortune. In this world no one can guess the direction of the market, even the Dev of BTC and Ether themselves cannot predict the price to go up / down. If I could guess the price would go up I would sell my car, home and take a lot of debt for all in, because I believe I will get very rich doing all of that. Stay grateful for what you get, because luck only comes to a few people. Stay confident with patience because I firmly believe patience will not betray results. Because the market is only a zero sum game, People who are strong psychologically and have the patience and gratitude that will endure. The future of the Cryptocurrencies market is still long, because it is still beginning. Stay grateful, because if there is not luck, you will not get it. think positively and move forward because the future is still long. Be a Contrarian investor who does not loss your personal life. Because family is very important and opportunity will always be there. this is one of my accounts, and who knows how long I will hold it. maybe for along time. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F1TbVy7w.png&t=665&c=zk8JcbC-5-LOgg) I really no intention of showing my portfolio (so that I am not considered a scam), but it's pure that I want to prove that, Patience is the Key- Edit picture
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herurist
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May 07, 2021, 04:40:36 PM |
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complete with trading psychology may be more educative, because we already know this will become commonplace in trading or investment. however, measuring a person's level of gratitude is diverse and cannot be generalized in one perspective.
The important thing is that you know when to start with a calm mind, and can control when your mind is chaotic.
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dothebeats
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May 07, 2021, 04:47:39 PM |
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And this is why separating your emotions on your trades is highly important.
It's a given that the market does not want everyone making money as there will be no money flowing around. Understand that odds may always be stacked against you, but making rational decisions and educated moves will prevent you from feeling like the world is against you. There are bad trades and there are good trades, and it's just normal to lose some trades since you can't really predict the market fully. Convert those reds into something that will help you avoid losses in the future by using it as your lesson. Losses happens to the best of us, but leaving emotions out of this loss can help us compose ourselves and do better the next time around.
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boyptc
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May 07, 2021, 05:26:19 PM |
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When I was still new in investing and did trading for a while, emotion is one of your adversaries. It is a fact that yourself is your enemy.
Your decisions will affect each other if emotion is triggering you and you don't have a firm style in decision making.
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The Cryptovator
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Signature Space For Rent
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May 07, 2021, 05:42:51 PM |
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I know leaving suggestions for others quite easy but it's quite complicated to follow your own life. To be honest, most of the time when I bought a coin it gets a hard dump, but once sold the coin gets a huge pump. I know there was a matter of patience. But usually, we aren't familiar with unlimited patience and that's why we regret it. Once I was holding doge a few weeks ago, there was no pump and eventually, I sold in the loss. After sold just a week later start the pump and you can see the current situation. So I believe those who have too much patience trading suit for them. We are here to lose only, I am not hopeless and still trading. But not involving with big trades. Doing a few small trades.
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adzino
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May 07, 2021, 08:18:43 PM |
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It's not like reversal psychology or anything. The price rise and drop is a very normal thing that happens everyday. It's just when people invest, they start to get a little paranoid when they see a small drop in the price. They tend to think its going to drop even further and then starts to hesitate. Then you know what happens next. They panic sell everything at a loss. After a price drops a little and starts to increase, they start to regret what they did and buys at the higher price. The cycle keeps on continuing. And this is one of the main reason why someone should understand how the market works and be prepared for those rise and fall of the price. Others that are saying people should keep their emotions aside - that's actually impossible. You are a human with emotions. You can't just get rid of emotions.
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Husires
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May 07, 2021, 10:17:38 PM |
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The scientific name for it is post-purchase or pre-sale regret, which is a condition that comes after we buy a product or sell a share, and we discover somewhere that the price that we sold or bought at was not appropriate. It is an instinctive thing and everyone wants to make profits and sell at the best price, but conviction always teaches us to take advantage of these mistakes to make better guesses in the future and not rely on them alone, otherwise it ends with unjustified greed or fear of losing the opportunity.
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awik p
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Pepemo.vip
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May 08, 2021, 04:55:14 AM |
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I think in this case you are ready to hold for an indefinite period of time. don't let a crash like 2018 make you panic. I really appreciate your persistence, and you are not tempted to sell even though it has been a fantastic profit. but don't let this happen because you are greedy
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Kittygalore
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May 08, 2021, 05:38:39 AM |
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When I was still new in investing and did trading for a while, emotion is one of your adversaries. It is a fact that yourself is your enemy.
Your decisions will affect each other if emotion is triggering you and you don't have a firm style in decision making.
It's not easy to control your emotions if you don't have a training with meditation. My teacher in Psychology said that thing in my class, it is difficult for humans to control emotions because we are an emotional species and she even goes as far as to say that it is the reason why our progress as a species is slow because we always put emotion in the equation.
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el kaka22
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May 08, 2021, 08:34:53 AM |
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I really appreciate your persistence, and you are not tempted to sell even though it has been a fantastic profit. but don't let this happen because you are greedy
Here we need to remember the people who still hold their nerves for embracing their bitcoins tightly since 2009/2010. When you believe into greater future of bitcoins then current prices may seem like nothing. One proven example is winklevoss brothers. I never call anyone greedy for holding bitcoins for infinite timeframe targets. It's not easy to control your emotions if you don't have a training with meditation.
That might be out of debate. When more people get into meditation and start sharing their experiences, we may consider as one of method to keep ourselves calm.
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Zilon
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May 08, 2021, 10:41:46 AM |
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Just the same way you don't just jump into a moving train same applies to trading. You don't expect to join a market that has done up to 3 candlesticks and don't expect a reversal. Unless there are confirmation of a continuous trend you stick to it but in cases where there are no indication of the market direction stay off that particular trend. Most reversal pattern don't have what it takes to keep and sustain a trend for a longer time while some has. It's adviceable especially for newbies to join the trend when it's just starting so that once you hit your target profit you can close for the day.
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isaac_clarke22
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May 08, 2021, 10:46:49 AM |
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There are those that fall into the reversal psychology, but mostly other people that were here for a long time wouldn't think that market doesn't want them to take profits. That is why it is called market in the first place. There are group of people selling and buying at the same time. It isn't up to anyone's favor.
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maxreish
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May 10, 2021, 07:39:48 AM |
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I have been experienced doing this reversal psychology before which leads my trades sometimes effective and sometimes don't. For an instance, when there is an urge of hype in the volume, I go to the opposite and got some profits because of the market recovery.
However, not all times it can be profitable. It is still important that you still rely on technical analysis plus the other tools so you wont regret doing reverse psychology.
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Obito
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May 10, 2021, 07:51:11 AM |
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I have been experienced doing this reversal psychology before which leads my trades sometimes effective and sometimes don't. For an instance, when there is an urge of hype in the volume, I go to the opposite and got some profits because of the market recovery.
However, not all times it can be profitable. It is still important that you still rely on technical analysis plus the other tools so you wont regret doing reverse psychology.
If you can identify it easily, you will be able to stop yourself from falling for this reverse psychology if it doesn't benefit you. Well, tools and logic should go hand in hand when you are trading because it helps you stay on top but you have to balance both, if you overwork one side, it wouldn't be good.
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CryptocurencyKing
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May 10, 2021, 08:06:49 AM |
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If we buy the price keeps going down, after selling the price is getting up, we assume the market pays attention to us and doesn't support you to make a profit. it is one example of the Psychology of Reversal which always creates deep regret if you do not have gratitude and think it is not your fortune. In this world no one can guess the direction of the market, even the Dev of BTC and Ether themselves cannot predict the price to go up / down. If I could guess the price would go up I would sell my car, home and take a lot of debt for all in, because I believe I will get very rich doing all of that.
Of a truth, a lot of us go through this or have gone through this in the past especially those of us that are just within the early stages of our trading and have been advised to buy coins despite its position in the market as, the expected low doesn't seem forth coming. You buy and almost immediately, you notice the market going against you and your like what?! Like you've got some spy galss centered on you or some moderator of the platform stationed on you to alter the moves once you just get in. Well, there isn't anything like that. I recall some time last year around December, i was actually watching Ethereum to experience some down side but, it kept rising and rising. At some point, I was tired of the long time in waiting and 2 days after I bought a couple of $ worth, the market started falling to some significant place on my balance. I was amazed and displeased at the same time but, there is always a chance to get back on track in hodling. I did hodl and eventually, it reversed and I profited in the new month. So, don't be so confident in your predictions but you could find some comfort in hodling when the market isn't as you predicted. In time, you just might profit. Again, its best you know, there isn't any watchman stationed on you, its just the market and price playing its tricks. You can only try to understand but, uiu can't fully equate it.
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Wexnident
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May 10, 2021, 08:09:42 AM |
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Well in the first place, trading (or any type/form of earning money) is a method for you to actually make your personal life better. So selling it for a way to actually enter trading (not even a guaranteed method to earn money at that) is wrong in the first place. A basic guarantee to earning money is that it takes time, though that's still a 50/50 chance, but compared to earning a quick buck which probably has a 1% chance of actually working most of the time, heck I'd take the one that would guarantee it for me. I mean, if you won the gamble good for you, but if you lost it? Well you're gonna lose everything.
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Ararbermas
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May 10, 2021, 10:04:46 AM |
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Our emotions always let us fail when we see a bad results after buying, this is a common problem actually because of being so volatile of crypto currency. And i believe 80% of traders can't hold back their emotions even though most of them have enough knowledge when it comes to it.. Who's to blame? perhaps that's part of our life.. Wherein making "mistakes". So all i can say is despite if we cannot avoid doing the same mistake then it's up to us if we will learn some lessons from it.
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dezoel
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May 10, 2021, 10:28:09 AM |
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if we cannot avoid doing the same mistake then it's up to us if we will learn some lessons from it.
You could avoid emotional bursts but for that they need to be more conscious about sticking with technical and fundamental things. Only when people are not sure about what is going to happen next and when taking their decision randomly; these lead you falling into emotional failures because of uncertain future. Technical and fundamental analysis will help you to remain certain about what is going to happen next. It means it will not get you assured profits but you can be sure about only this is going to happen; if not then this will happen hence there will be less chances for your emotions to be playing against you.
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jahepahit
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May 10, 2021, 04:31:41 PM |
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anyone who will trade and make profit must be patient enough. emotions will not allow you to attain your goals because it will conflict your thought especially when your holdings are on dip. but deep understanding will make you overcome this. market cycle is full of ups and downs. if you are for long then you dont have to mind every retracement or dip. this is the only way to have long term benefit.
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sana54210
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May 10, 2021, 05:14:11 PM |
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Patience is the Key
Testing your ability on emotion control is the key role of trading ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . Some traders gets break down on greedy side and others are on panic way. Yeah, on either direction if you hold your nerves then there are chances for overcoming all the obstacles of trading and to hit success. Technical and fundamental analysis will help you to remain certain about what is going to happen next.
Yeah without these, you cannot remain calm if you are having a open trade. Either choose very long term based trading/holding to remain not worrying about anything or else just quit crypto trading; no other go.
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