Never Trade On Emotions

[labenea]

Trading requires patience as well as a good analyst. Therefore, before deciding to trade we must really know the market so that we can choose a good coin to trade. Many people feel in a hurry to get big profits so they will panic when they see the market starting to turn red, even more so if they see the crypto market going down and finally panic selling.

[Ruvi2000sew]

If you're new to this and don't understand trade connections, avoid emotional Settle trading. You will lose a lot of money if you trade without knowing it. Many people are known to trade emotionally, often losing a large amount of money, and then using cryptocurrencies in a negative way. So, while trading here, I would advise you to avoid acting on your emotions.

[cryptobrzy]

There is a reason why only about 5% of traders actually make enough profit to live off as a trader, either in cryptocurrency or ano mm y other financial market and that is because most traders focus on just 1 of the 3 essential pillars of trading.
The 3 pillars of trading are, 1. Technical Skills, 2. Money/Risk management, 3. Trading psychology (Emotional aspect of trading)
Trading with emotions combined with poor risk management is the easiest way to blow your trading account or get massive losses.
Of course you cant just turn off your emotions, but you have to actively work on your trading psychology in order to be successful

[tabas]

Trading, especially crypto trading, is bound to emotions. It's like gambling. If you are always winning you get bored and begin subconsciously waiting for some huge loss...

Not all people are like this. But I get the idea and point and it's really there when someone keeps on winning with their trades, he/she cannot stop because there's something that's being waited.
And because that they are not taking profits and securing the gains they've made, loss is inevitable and that's why some have been emotional because the profit is already there but they've taken it for granted.

[nhaila]

Trading is an important issue, in addition to the experience here you need to be very patient. Emotions have no place in trading. The more emotion there is, the more likely you are to lose in trading. In trading, you have to work without emotions or you will have to face huge losses.

[GaxviiBuss]

You are right, when one trade on emotion most times it lead loss, greed and many other, it has more disadvantages than advantage if there is, in any investment one just need to have discipline, to make the right decision and at the right time. Even in any business Emotional Intelligence is the key to success.

[Swordsoffreedom]

Trading is an important issue, in addition to the experience here you need to be very patient. Emotions have no place in trading. The more emotion there is, the more likely you are to lose in trading. In trading, you have to work without emotions or you will have to face huge losses.

Emotional trade means that they give more priority to their emotions by ignoring the technical part. There are many indicators and market strategies in the case of trading, many times looking at the indicators it is clear that the market will rise or fall. But even though it is a clear dump, emotional traders hold their coin thinking that there is no change in the market. For example, All of the Dogecoin traders are emotional traders, they are doing business with a coin that has no fundamental background & they also know that.

[efxtrader]

I prefer not to trade in crypto. Price fluctuations in crypto tend to be high and I don't have the skills to analyze prices well. I prefer to hold coins for a period of a month or 2 months. Indeed, trading requires psychological calm because emotions sometimes make us greedy which will lead us to losses

[BitTraderCute]

As we all know that crypto market is volatile, so waiting for a dip is a good choice than buying in FOMO, and similarly waiting for a pump is a good choice than selling in the dip. Control your emotions, the market will not go anywhere it will be always here you can invest at any time and at any price. With my experience, I am sure you will not get lost if you have invested in a strong project. It can go down for a time but it will come up. You have to just keep patience.

unfortunately most of us scarry buy on dip although it provide many opportunity to get highest gain. mentalilty and trading psychology need to improve so we will have better trade result.

[Dedewahyu]

I prefer not to trade in crypto. Price fluctuations in crypto tend to be high and I don't have the skills to analyze prices well. I prefer to hold coins for a period of a month or 2 months. Indeed, trading requires psychological calm because emotions sometimes make us greedy which will lead us to losses

You can read from various sources on Analyst trading, money management and crypto fundamentals. if you only hold the coin for 2 months like you are trading on the 2 month time frame, holding the coin is preferably more than 1 year, you should keep a  watch on the price chart to determine when you should sell. trading with emotionally does make traders lose a lot of losses, I've experienced that. now I have to be more careful and know what coins I should hold and sell.

[Tervelatuk]

As we all know that crypto market is volatile, so waiting for a dip is a good choice than buying in FOMO, and similarly waiting for a pump is a good choice than selling in the dip. Control your emotions, the market will not go anywhere it will be always here you can invest at any time and at any price. With my experience, I am sure you will not get lost if you have invested in a strong project. It can go down for a time but it will come up. You have to just keep patience.

patience was needed if we want best price level in our trades, never trapped in FOMO because price will always correction and pullback.

[juliepower]

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.

Yes I think the same never trade on emotions I agree with your all points.

[cricketkhampion]

yes sir also think the same if anyone is a new user please listen to care if you have holding power then you should invest but if you have no patience or holding power then. I suggest you. you should avoid investing and trading.

[carlisle1]

I prefer not to trade in crypto. Price fluctuations in crypto tend to be high and I don't have the skills to analyze prices well. I prefer to hold coins for a period of a month or 2 months. Indeed, trading requires psychological calm because emotions sometimes make us greedy which will lead us to losses

You can read from various sources on Analyst trading, money management and crypto fundamentals. if you only hold the coin for 2 months like you are trading on the 2 month time frame, holding the coin is preferably more than 1 year, you should keep a  watch on the price chart to determine when you should sell. trading with emotionally does make traders lose a lot of losses, I've experienced that. now I have to be more careful and know what coins I should hold and sell.

Holding assets always the tough job for every traders, investing with so much emotions leads to lose your money.

If you aimed to succeed, it's best to practice first and learn all the fundamentals that will help you to fully understand on how the market runs,

most of those who lose in the short run are investors who have too much emotions, fear always interfere to make a mistake deciding what to do when they experienced too much dumped inside the market.

If you have the right training it will not bother you as you know that it's part of the volatile nature of this industry.

[huu78]

Trading with emotions is no different than without knowledge. If there is a case like you said maybe they are beginners who do not recognize the basis of crypto is a volatile asset. They hear crypto is a good way to invest from other people's words, and digest it like investing in property or gold. This is where they will get hurt because they don't understand what crypto is.

[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

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.

what you mention is also part of research and analysis as I mentioned above, someone believes that the price of the coin he holds now will exceed the current market price in the future because he is smart in reading candlesticks or is able to understand chart signals. It also cannot be separated from the market analysis carried out

[Mamun74]

Trading with emotion?  They give most priority their emotions  to avoiding technical part. Remember that emotion has never place in trading. When you start trading then you need to more patience. Patience is key for trading, dont be panic. So you need to control your emotion in trading.

[gurunanakji777]

Yes If we trade on our emotions we will definitely lose at some point because trading does not run on emotions one must have some basic and fundamental skills of trading. Proper research about the coin you are going to buy and never buy on another opinion as most of telling you those coins that they hold in their portfolio whether it is a good or not.

[seleme]

Trading with emotions will lead to bad trading decisions sooner or later, better to learn how to trade with trading plan than randomly opening orders. Greed and fear are considered as bad emotions for newbie traders since they don't have clue how to manage trades if things go wrong,IMHO. Newbie traders should learn the basics of trading before trading and using the demo accounts will help the me before blowing the next live account on the volatile crypto markets. The new traders have to obey the gold rules of trading before trading on volatile markets, otherwise, REKT is the final destination no matter how they think about the end.

[DibiaVxosis]

Invest a little by little if you have the intention to buy. You decide if you want to buy full from your money at the current prices. But if you're too anxious about it.
You can cost average and buy each time it goes down or up based from your budget. That's an effective strategy so you don't miss every buying opportunity or whenever a price goes down and another round of decrease happens.

I will likely say it's always good to make your action control your emotions in crypto, don't let your emotions make you FOMO into the market, know when to buy and when not to, seeing a pumping market your not supposed to jump in, wait for a correction or better still let it go, one thing we need to know is that chasing a pumping market can be very much risky it's better to wait for the market to come to u or better look out for another coin which is yet to fly.