Never Trade On Emotions

[Dragonfund]

some will understand right away but some people will make their own choices and will probably learn something from it later whether they made a mistake or not. I myself have made many mistakes and always learn from the last mistake I made.

I don't even consider them mistake but I called them lesson learn in hard way.
There is a saying that says "No pain, no gain". One must learn to accommodate every mistake to re-strategise in other to improve because there is no excuse for failure in my place of lifestyle.
Trading is a very tedious work that requires attention and effort, it takes a lot of time to become expert in it.

[adekogbe]

Trading with emotions is one of the biggest enemies a trader can have as emotions draws one into making erratic and less informed decisions.
Emotions easily leads to over-leveraging, over trading, revenge trading, GOMO, and the fear of being wrong.
In cryptocurrency trading, Learning emotional discipline in trading will almost always make a better trader than focusing solely on technical analysis.

[sherenikaw]

It's true that trading takes patience as well as a good analyst. Therefore, before deciding to trade we must really know the market so that we can choose good coins to trade. Many people feel in a hurry to get big profits so they will panic when they see the market starting to go red, even more panic if they see the crypto market going down and eventually doing panic sell. That will make the market even more chaotic because there are many people selling low priced coins. Therefore, patience and caution are very important to avoid losses. We can't rush to want quick profits because everything has a time, there are times when the market goes up and also down.

[blockman]

When we trade our mentality we must be ready to face crypto market conditions with high fluctuations, and if our mentality goes down when the market bleeds and continuous losses will befall us. To restore our reduced capital, then we must also be prepared with additional capital for all of this.

We just have to endure every market corrections and get yourself to be used from it. Because if you don't, you'll always be feeling emotional when those times comes and you're not going to be good and adaptable with such changes, you'll lose in the long run.
Trading or holding, it's not for those who have weak tolerance in the market and you should also get used  to the FUD that usually comes when the market bleeds. You'll never know if the news is going to cause you panic and will lead you to trade emotional which is not good if you want to grow in this market.

[Distinctin]

Trading with emotions is one of the biggest enemies a trader can have as emotions draws one into making erratic and less informed decisions.
Emotions easily leads to over-leveraging, over trading, revenge trading, GOMO, and the fear of being wrong.
In cryptocurrency trading, Learning emotional discipline in trading will almost always make a better trader than focusing solely on technical analysis.

Controlling our emotions might be so easy to say but definitely hard to do. We all want good trading outcome of course but sometimes, we can't control our emotions everytime we see the market price continues to decline. It even pushes us to become panic and sell the coins we are hodling even if its really a wrong decision to take. So i suggest the best thing to do is just invest on the amount we can afford to lose so that if we start trading them, we will never be in huge losses if we fall for wrong actions that time. The market is so volatile so expect that it will keep on crashing everytime.

[lenovop-70]

Its usually me long time ago when i was new in trade world, too rush to entry will cause loosing my money. When the price pump i just watch it and regret it when the price going down.
But i am learning from my time, and still fight with my own emotion inside, sometimes i won, and sometimes i loose. With my own condition, i must said your emotion is biggest enemy to take profit, becareful with yourself.

[Daras]

Trading on emotion is in every face not good for business, trading should be based on logic and experience. Emotion will tell you to trade when there is an usual change in the market but logic will indicate how real is it, does it worth it at that particular period.

[thesosorr]

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.

Trading in an emotional state is tantamount to killing oneself.
Everyone needs a strategy. Buying when the price goes up is not necessarily a loss. This is also part of an investment strategy that is classified as short-term investment. They buy and sell in no time. Certainly when they estimate that they have made a profit.

[Kontibruno]

Trading with emotions can be devastating, but sometimes you simply get lost in it. I had a personal experience in it some time ago. What I was trading then was FX. There was this particular day I took heavy risks and luckily they paid off handsomely. The next day I tried to repeat the same trick, but unfortunately, it backfired this time around. In anger, I continued trying to recover what I had lost in the first trade, but I kept on losing until I nearly emptied my account that day.

It was that day that I really understood why one should not trade with emotions whether happy or sad

[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

[BuyingBitcoin]

Anyone that sold during China's ban on Bitcoin to $29k were on pure emotion. The smart thinkers bought Bitcoin at $29k.

[monineklutak]

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

I think new traders should read this because sometimes when the price is going down they immediately panic and sell the asset,
Of course it costs them money and it's not fun,
as a trader we must be able to manage or restrain ourselves so that when the market is down we don't panic

[_MrTuyul404]

very good advice, this is very useful for newbies who are new to know about trading, when I traded for the first time I was always emotional because when I bought the price went down and when I sold it the price went up, it always happened to me, but now I have experience and will buy 20 % of portfolio and buy again if the price goes down

[marine4u]

I think this is very true not only in trading but also in investing. Patience, calm, sometimes strength, courage. All of those emotions exist at all times in the market. Suppressing emotions is a required lesson, but so far I haven't perfected it.

Anyone that sold during China's ban on Bitcoin to $29k were on pure emotion. The smart thinkers bought Bitcoin at $29k.

So those who bought bitcoin in 2018 are smart. After we have passed, we have the right to look back on our foolishness and mistakes?

[Kimonoe]

very good advice, this is very useful for newbies who are new to know about trading, when I traded for the first time I was always emotional because when I bought the price went down and when I sold it the price went up, it always happened to me, but now I have experience and will buy 20 % of portfolio and buy again if the price goes down

When we start to face the market with real money, of course our emotions are spurred on, because sometimes we feel like we always make a mistake, so we become frustrated. therefore our task is to find peace within ourselves so that we can think clearly, so that we can still trade with logic

[Cling18]

It's not about ignoring what we feel because, to be honest, our guts work most of the time. It's how about how we handle our emotions because trading is like a roller coaster ride that would change our emotions from time to time. We should know how to deal with the volatility of the market because it will always change so we must prepare ourselves all the time.

[Maxine4466]

But your preference is your death trap! To survive in the market, the first thing is to eliminate all preferences in the market. The temptation of the market is always to get you to death through your preferences. What the market needs is the love of dew, not the love of wing, and things like forever have nothing to do with the market. The only thing that lasts forever in the market is to win money. Anyone who comes to the market has the purpose of winning money. Anything that has nothing to do with winning is nonsense.
To
It must be understood that any reason for you to buy a stock is not because of how good the stock is or how well it has been fooled. It is just that you are trying to win money by buying. The stocks that can win money are good, otherwise they are all. nonsense. Therefore, any preference in the market is a trap that leads you into a lost way. You must see through them one by one, and then change your mind in order to survive in the market.
--Li Hu

[otundebis]

In order to get hold of yourself and your emotions,  you have to practise detachment.  Trade detachment is when you trade an amount you can afford to lose.  If you trade something so insignificant that it will not affect your financial commitment and day to day financial responsibility,  you will be able to play with what you have without getting emotional.  And as you master a certain amount,  you increase your investment until you are completely detached!

[King Khaizan]

Some of the most common emotions traders experience include fear, nervousness, confidence, excitement, greed, and overconfidence.

indeed this is often experienced by novice traders, so many losses are often experienced by them.

[Natalim]

It's not about ignoring what we feel because, to be honest, our guts work most of the time. It's how about how we handle our emotions because trading is like a roller coaster ride that would change our emotions from time to time. We should know how to deal with the volatility of the market because it will always change so we must prepare ourselves all the time.

We have to handle our emotions, we can't make the same mistakes over and over, and if we let our emotions lead us, we will likely lose as trading is like gambling too, we need to be smart in order to win. The problem is if we think that trading guarantees easy money, that alone will not help us to be realistic with our approach, trading is challenging, therefore it should be played with the right strategy.