Never Trade On Emotions

[TribalBob]

selling with an emotional state and panic must be self-defeating, if you want to start trading understand the risks, the existing mechanisms, when we buy and when we sell, with the principle of the initial goal

[BintangBuleun]

I would like to give you some advice, Especially to those who are new in the market. Whenever there is a pump in the market, you think you should invest in ALTs And you may benefit from it. But after your investment, the market goes down. When you see the market go down, you think you are losing money, so you sell everything. Again, when you see the market go up, you invest. This way you get hurt again and again. So whenever you have to invest, invest a small portion of your portfolio. So even if the market goes down, you have your portfolio. Never trade on emotions. Calculate well and then invest in it.

The tendency of people to choose investments, who do not have knowledge will be very dangerous, this will have a huge impact on psychology if the investment fails, that's why knowledge is needed to invest.

To simply try to invest without proper knowledge would be very dangerous for anyone, it does not guarantee anything for the investment. If this continues to be forced, then the opportunity to lose is very large.

[Masyudhi]

selling with an emotional state and panic must be self-defeating, if you want to start trading understand the risks, the existing mechanisms, when we buy and when we sell, with the principle of the initial goal

that's what a trader and investor must hold fast to. but the new people seem to ignore it all.
panicked and always greedy as if his estimate and his target would definitely be achieved so that he forgot the bad possibilities that happened.

I used to have the same problem in my early trading. maybe even 1-10 trades I made I still made mistakes. but from it all, I found my own way to overcome my weakness.

[avarnet]

It is very fatal for all of us to invest if we are emotional doing something risky, because we cannot control everything we do at that time, so it is better for us to focus first on something we are doing, so it would be better if we were full of concentration and good control so that we understand the world of the cryptocurrency market or portfolio so that we can be right on target in investing no matter when the market goes up or down

[mamesso]

Emotion can affect our psychology and make everything we have just disappear because we can't think clearly. When a gambler is losing, emotion will be difficult to control, he will continue to play with even bigger stakes to get back the money he has spent, he will stop when all the money has run out. Likewise with investing in cryptocurrency, We must be able to control your emotions in order to make the right decision. Because cryptocurrency is a double-edged investment, we can make profit and loss in a short time.

[sapnu]

It is one of the golden rule that we fail to recognize and remember in investing, do not let your emotions take over your decision making. It will only lead you to regrettable choices which will soon be felt as you witness good things happening for bitcoin. Always make sure that it is your head that is processing or deciding for your investment may it be during a bear market or even during a bull market. Emotions tend to deceive you and highlight the current situation without even considering what may happen in the future that is why your head should always analyze all the possibilities before finally making a decision.

[Macadonian]

It is one of the golden rule that we fail to recognize and remember in investing, do not let your emotions take over your decision making. It will only lead you to regrettable choices which will soon be felt as you witness good things happening for bitcoin. Always make sure that it is your head that is processing or deciding for your investment may it be during a bear market or even during a bull market. Emotions tend to deceive you and highlight the current situation without even considering what may happen in the future that is why your head should always analyze all the possibilities before finally making a decision.

It is best to ignore all news about Bitcoin and Altcoins if you are trading in the cryptocurrency regularly instead just set goals and do not get affecting by what others say. I think it would be better if you are a regular trader that you do not post or read much on this forum to.

[tygeade]

A lot of people trade by emotion, and I know people that do this, a lot of them. They don’t invest in cryptocurrency by doing analysis and research,rather they just wait to see whenever the price will start going up.

And when the price goes up they will start investing in cryptocurrency, because they feel they will quickly make lots of money and get rich. But a reverse is the case, they end up losing money and they get frustrated and withdraw with loss. Their emotions leads them in decision making, instead of their skills. So emotions are very bad in making decision in trading. A trader needs to do steady research and create a strategy they will solidly stand with, no matter what.

[Viscore]

It is one of the golden rule that we fail to recognize and remember in investing, do not let your emotions take over your decision making. It will only lead you to regrettable choices which will soon be felt as you witness good things happening for bitcoin. Always make sure that it is your head that is processing or deciding for your investment may it be during a bear market or even during a bull market. Emotions tend to deceive you and highlight the current situation without even considering what may happen in the future that is why your head should always analyze all the possibilities before finally making a decision.

It is best to ignore all news about Bitcoin and Altcoins if you are trading in the cryptocurrency regularly instead just set goals and do not get affecting by what others say. I think it would be better if you are a regular trader that you do not post or read much on this forum to.

I think ignoring all the news and updates may not seem good. You still have to be aware of the current events so you will know if the market has all the chances to become bullish or might suddenly crash and turn sideways.

Controlling your emotions is a big challenge for all traders because your own emotions reflects who you are. Its already there since you enter this world. But if you want to be more successful in trading crypto, better to use your mind over heart. Your mind knows exactly what to do. And it always lead you to where your goal is.
 

[Shasha80]

Emotion can affect our psychology and make everything we have just disappear because we can't think clearly. When a gambler is losing, emotion will be difficult to control, he will continue to play with even bigger stakes to get back the money he has spent, he will stop when all the money has run out. Likewise with investing in cryptocurrency, We must be able to control your emotions in order to make the right decision. Because cryptocurrency is a double-edged investment, we can make profit and loss in a short time.

Not only when gambling and investing in crypto control emotions is very important, but in all the activities we do controlling emotions is important.
People who can control their emotions are usually able to think logically and make decisions correctly. This is very much needed when investing in crypto,
so that we don't panic easily with volatile market situations. So we can make decisions when it's the right time to enter and exit the market.

[Slow death]

Emotion can affect our psychology and make everything we have just disappear because we can't think clearly. When a gambler is losing, emotion will be difficult to control, he will continue to play with even bigger stakes to get back the money he has spent, he will stop when all the money has run out. Likewise with investing in cryptocurrency, We must be able to control your emotions in order to make the right decision. Because cryptocurrency is a double-edged investment, we can make profit and loss in a short time.

there are cases where people have to have emotions to get good results in the trade, especially in this bitcoin market. for example:

imagine that someone is doing day trading, this person does all the analysis and everything is fine and ready to buy, but this person looks at the news and in the news they say that elon musk spoke badly about bitcoin, for example, how this person decided not to put feelings in the trade then she decides to ignore this news and buy bitcoin, minutes later the price of bitcoin drops a lot and that person loses money. in this cryptocurrency market we have to have emotions when we trade

[rosebrand]

Trading with emotions is the normal characteristics of a newbie trader who had just gained knowledge on trading with prior experience of what should be done probably, on some certain levels of trading. A newbie and intermediate trader are always different based on experience and knowledge of understanding of the market. The cryptocurrency market is big and versatile with much emotions attributed to it when trading or investing. Trading with money you can't afford to lose can also trigger emotions that could affect one trade.

Yah you got a point there! It has always been adviced to trade with what you can afford to loose, so bad most newbies trading skip this rule and uses a huge fund to trade thereby making them being too emotional. All their mind and focus will be on that trade because of the huge funds there  threw into the markets and if the trade eventually goes against them it becomes a big problem which is really very bad for them and their health as well.

[Darktongue]

If we do proper research on the current situation of cryptocurrency market, definitely the answer will definitely be to invest. But some investors will wait more for the last opportunity. We aren't all lucky, but we can during the dump market. Now we can invest in top altcoins and don't need to worry about your portfolio portions. The current situation isn't good to go to dump again.

[mamesso]

~Snip~ People who can control their emotions are usually able to think logically and make decisions correctly. This is very much needed when investing in crypto.

Everyone has emotion, usually emotions are turbulent when a person mind is in turmoil, At that time emotions are very difficult to control. In order to achieve the perfect goal, traders must be able to think with a cool head when starting to make decisions so as not to fall into the traps set by influencer or market trend.

there are cases where people have to have emotions to get good results in the trade, especially in this bitcoin market....

Such trading methods are usually carried out by experienced trader, they have considered all the risk that will occur, even though the reality in the market is not as expected, they are not too worried, because the money allocated result from the investment they made earlier.

[sisikin]

Don't invest on emotions, and don't invest on the basis of online public opinion. Think clearly before investing.
Be patient and see if it is worth investing first when investing. Don't be afraid even if the coin falls.
Every decline will usher in a rise, so you must stick to your point of view and maintain a good attitude.

[Xinarae*]

Avoid panic selling, the point is don't make a sale when the price is below the initial price, hold it first, then losses will not occur because in the future the price may rise again if the price continues to fall, then buy again if you have more money. Do your research first, don't make a purchase when prices are peaking

The right time to buy when the agreed price is low it is not possible to reduce the risk of losses if the currencies continue to go down when the price rises. Seeing that the crypto market is not stable, we have to wait patiently no matter which way the market goes losses will be less and it is easier to make a profit in the future.

[Henrobakkara]

I would like to give you some advice, Especially to those who are new in the market. Whenever there is a pump in the market, you think you should invest in ALTs And you may benefit from it. But after your investment, the market goes down. When you see the market go down, you think you are losing money, so you sell everything. Again, when you see the market go up, you invest. This way you get hurt again and again. So whenever you have to invest, invest a small portion of your portfolio. So even if the market goes down, you have your portfolio. Never trade on emotions. Calculate well and then invest in it.

I don't think it is much about how small or how big you have invested but more about what you said about not trading with emotions. If you invested even more funds but you are able to Hodl on to your investment without allowing the market emotion to determine your actions especially when the market has dipped, you are good. Yes people will always lose money if they cant be patient with their investment.

[kaka manteng]

Avoid panic selling, the point is don't make a sale when the price is below the initial price, hold it first, then losses will not occur because in the future the price may rise again if the price continues to fall, then buy again if you have more money. Do your research first, don't make a purchase when prices are peaking

but that will not work if the token we invested to keep on falling because the project is not really that good and underperforming, I think it's better to analyze first whether the token have the potential to go up again or not.
this kind of strategy will only work with the top project, with underrated project it have bigger chance of going to zero and will cause lost of money.

Yes. Research and analysis are the main steps that need to be taken every time you want to do something. be it an investment or looking for a good bounty project. if we don't do both, maybe we will always lose to market conditions

[Kasabus]

Avoid panic selling, the point is don't make a sale when the price is below the initial price, hold it first, then losses will not occur because in the future the price may rise again if the price continues to fall, then buy again if you have more money. Do your research first, don't make a purchase when prices are peaking

The right time to buy when the agreed price is low it is not possible to reduce the risk of losses if the currencies continue to go down when the price rises. Seeing that the crypto market is not stable, we have to wait patiently no matter which way the market goes losses will be less and it is easier to make a profit in the future.

As long as we believe that the market is still small and has not reached its limit yet, we should be confident in holding and buying especially if we think the price has already dipped. Judging the market situation should not be hard if we have the basic knowledge and enough experience because basically the market moves with pattern and it is always possible to see a big dump before it will start a new bull run.

[BigBos]

yeah, this has happened to me. when I collect a coin a long time ago, the price keeps dropping, however, I still keep collecting it, and hope the money I have can come back. Well, after a long wait, the price went up a bit, and I sold the asset I had because of the emotions I had, and apparently, the price of the coin kept going up when I sold the asset I had, and that made me regret it.

So, I also suggest that you only sell your assets when you need them. when it's a pump, try to sell little by little and adjust it to your needs. sometimes selling assets in a hurry makes us lose large amounts.