Emotions should never be traded.

[Oceat]

anyone who trades when they have excess emotions they will not be able to succeed from trading. because it usually doesn't use good analysis. they only think short term. so in my opinion this should be avoided and emotions should be controlled

It's all about the analysis so if someone is using their brain they should always set aside their emotions and let the analysis do the trick for them. That's how you minimize the risk of losing by controlling your emotion because emotion can only cause losses it blurry your thoughts when in fact you can gain the profit if you just set aside your emotion.

This is always applicable to trading and gambling. Anyone who knew this has suffered losses already because they learned from their mistakes and taking the mistakes of the others to learn is not enough once you felt the same way as they did.

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[n0ne]

From my personal experience into trading I never tend to invest when the market has turned bullish, because my trading capital is very small. For users with big trading capital can buy when the market has turned bullish, because there'll be little growth with time and the same can get good profits within a short. Myself used to buy at the low price and wait for the right time to sell and once again wait for the moment to buy it back on price drop.

[milewilda]

When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.

This is what losers did. Panicking selling when there is a correction.
Many people feel afraid to buy when the market is in correction (decline phase), but they always ask to buy at cheap prices. Even worse, when it is in an uptrend (rising phase), they will say it is not the right time to buy because the prices are too expensive. For the people just buy without any analysis, it is what will happen to them. I hope we are not a part of them.  

Panic sell is a very common situation or event that do happen into this market due to emotion which its normal to be felt since we are just human beings and those reactions would really be common
but when you do already gain up some experience then this is where actions will really vary and its comparable to those who are total noob to those who are experienced ones.
You shouldnt really tolerate your emotions because this would really result into mistakes into your actions or your trading or investment.
Dont tie up your emotions into this very unpredictable market because that would really be molding those bad decisions or mistakes.

[Rengga Jati]

- Trade and invest in what you really know and understand
- Trade and invest money that you can afford to loose
- Never follow hype and FOMO in which you don;t know the projects exactly
- Don't play with your emotion (very happy, sad, panic, and others. Be wise and smart on everythig.)

[Mpamaegbu]

I'd want to provide some guidance, particularly to individuals who are new to the market.

With just three posts from an account you opened on the 11th of August, you're already providing advice and guidance to the forum on trading? This is really hilarious. You could've posted from your main as you don't sound like a newbie to me, actually. Well, that said. I would like to make a clarification here, trading is a speculative profession. Speculations are based on sentiments of course, which can either be objective or subjective. Both are emotionally based, anyway. And that's the singular reason anyone trading is advised to develop a trading plan which they should stick to so they don't get swayed by untapped emotional decisions of other traders. Learn the ropes and stick to the emotion that you understand and can relate with. Whether buy or sell, traders will either lose cash or make it.

[Lakai01]

With just three posts from an account you opened on the 11th of August, you're already providing advice and guidance to the forum on trading? This is really hilarious. You could've posted from your main as you don't sound like a newbie to me, actually.

I honestly wouldn't put a value on his/her forum rank. Conversely, this would mean that anything a Legendary says is more trustworthy than an opinion of a Sr. member, for example. All of us started as a newbie once, no matter how much experience we had before around Bitcoin and co. For example, I have been invested in BTC since 2012, but I only opened the account here in 2018.

So you should rather evaluate the content and not the account itself, and there are quite interesting statements.

[Cherylstar86]

- Trade and invest in what you really know and understand
- Trade and invest money that you can afford to loose
- Never follow hype and FOMO in which you don;t know the projects exactly
- Don't play with your emotion (very happy, sad, panic, and others. Be wise and smart on everythig.)

Indeed. All you've mentioned above was great and very true. Trade only on the things you only know and understand. If you don't know more about the other coins then don't forced yourself to trade and don't be greedy just to earn money. Learn to set aside funds. When you want to trade or invest, only use your prepared money. Anyone who trades when they have excess emotions they will not be able to succeed from trading because it doesn't usually use good analysis. When you start on trading it should be avoided and you must also learn to control your emotions especially market prices always changes.

[Wawa2013]

- Trade and invest in what you really know and understand
- Trade and invest money that you can afford to loose
- Never follow hype and FOMO in which you don;t know the projects exactly
- Don't play with your emotion (very happy, sad, panic, and others. Be wise and smart on everythig.)

Indeed. All you've mentioned above was great and very true. Trade only on the things you only know and understand. If you don't know more about the other coins then don't forced yourself to trade and don't be greedy just to earn money. Learn to set aside funds. When you want to trade or invest, only use your prepared money. Anyone who trades when they have excess emotions they will not be able to succeed from trading because it doesn't usually use good analysis. When you start on trading it should be avoided and you must also learn to control your emotions especially market prices always changes.

Trading is not easy, there are many factors that must be considered in order to make a profit from trading. But the most difficult thing for me is to keep
my emotions under control and not to overdo it. If our emotions are not controlled, the effects will be fatal enough, we can make the wrong decisions.
Therefore several times I lost a lot of money when trading, because I panicked seeing the prices in the market which were always changing rapidly.
Fortunately, now I can control my emotions, so now I am calmer to see price movements in the market.

[Anamika1000]

Yes, you are right, because in trading everything can happen. You should be ready for both situations whether it may be in the form of loss or it may be in a form of profit. The main thing is consistency and keeps patience. So, it will only lead to minimum loss and more profit. No emotions should be involved in trading.

[skarais]

I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.

If you think that they are new to the market then I think you should also advise them not to invest if they are not ready to take the risk of losing. They should also be advised to invest in the amount they can afford to lose so that they do not worry about price fluctuation in the market. Basically everyone who is interested in this investment and trading should gain valuable experience and lesson in the market whether it is due to losses or something else that can make them understand how the market actually works.

Beside emotion, greed is also not the best way to be applied in trading. The price is constantly fluctuating and anyone can never know what will happen in the future for the asset they are investing in, they really have to take this into account.

[Lakai01]

My belief is that OP isn't even a newbie to start with. They just posted from a noob account with the intention of dragging users to their private channel and if things go sour their account (if they had posted from the main) won't get tagged. Did you get that point now?

What private channel are you talking about here? OP has neither posted a channel nor advertised another channel in any of his previous posts? Did you possibly get the wrong thread and meant another thread creator?

Regarding your driver's license comparison: No, but I wouldn't judge the driver's skills by the car he drives either.

[michellee]

If he buys in altcoin when the price rises and does not know when to sell to take profit, he will only get in the trap at the high price and he needs to wait for a long time before he can sell his altcoins. But if he can buy the altcoin at a low price and still buy when the price getting deeper and hold it again, he can have a chance to sell the coin at a high price because sometimes the altcoin price can increase so high and getting pump.

But in this matter, the emotion will matter as when he buys when the price rises because he will think that he can be too late to profit from that coin if he does not take action. If that happens to him, maybe he does not have to chase instead of searching for the other coins that can increase soon. For the altcoin, I am sure we will have many chances to select the altcoin and do not just depend on one or two coins because we can diversify our investment in more than two coins. But that will depend on how you can manage your coins.

[ven7net]

I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.

Indeed, very often people invest simply in the hope of getting a quick profit, and very often when the market goes down, they sell their asset, losing money. Of course, all this does it on emotions and I know about it because I myself very often find myself in such a situation. In order not to get into such situations, you need to study more information, have your own action plan and strictly follow it, this is the only way you can save your invested funds and even make a profit.

[danherbias07]

To make it short, it's called "panic". Never rely on your emotions, that's true but can you really control it. Once the market starts fluctuating in a motion you never expected it's getting more difficult to predict the next movement. Even upon reading all the TA of every high accuracy traders there will be a chance the market could go sideways.
When it's your money that is on the line you have to be ready to lose it anytime. I guess that's what makes an emotionless trader.

[lablab03]

I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.

yep i agreed with you bro. Maybe a best strategy just to control our emotions before investing in different projects. Especially if we have negative doubts when it comes new projects . So much better to test it first with small amount like you said above if it truly have potential, as the matter of fact its getting unpredictable right now to pick good project..so we need to be smart as well in order to keep our money safe always. And it doesn't matter what wil be the results afterwards, coz it's just a small amount, instead of losing your capital which is nit a good idea. Lmao

[syedakhlaque]

Actually, trading is a business of sense and calm. Because there are ups and downs in the market. There are big losses and profits. So sensible, coolness is needed in this business. It is very difficult to cover a loss immediately but patience covers it and changes the loss in profit. But you have to wait & show peace not affecting emotion and sentiments.

[Alisha-k]

emotions should never be traded i love the caption. but its not really as easy as it sounds and this is where discipline comes into full play because for people who feel crypto investment is a ponzi scheme the easily get carried away by their emotions and end up selling the dip. if you are confident of the project you invested in buy more of the dip. if it falls further still buy more because once the correction sets in you will be glad you did.

[NeverSop]

Emotions are the main reason people are at an advantage/disadvantage in this market.  In the first stage, everyone will have expressions of stress, a little doubt, lack of trust, lack of understanding, etc. In that state, people are susceptible to pressure and lead to psychological breakdown.  panic out of the market.  This only Rekt, investing blindly, impatiently also leads to his decision changing abruptly.  That is very useful advice for newbies, they need to practice crawling before running.  It is necessary to understand and be aware if you want to succeed in the crypto space.

[Findingnemo]

I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.

Trading or investing without any actual goal and strategy then its a gamble, either we will make it or not. But as a professional trader they should do lot of research about the coin and emotions will definitely affect us but with the experience we can overcome it and make the right decisions according to the market conditions.

[Hamphser]

I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.

Trading or investing without any actual goal and strategy then its a gamble, either we will make it or not. But as a professional trader they should do lot of research about the coin and emotions will definitely affect us but with the experience we can overcome it and make the right decisions according to the market conditions.

A gamble indeed and in every investment decision we would take then it would really be needing that analysis and knowledge because if you do just dive in without any knowledge then for sure you are just simply

gambling out your money and also if you do really tolerate that emotion you do have in times of trading and mess up your decision then that would really be a regrettable thing to have.

You shouldnt really make yourself get affected even though its hard but doesnt mean it is impossible.