Emotions should never be traded.

[AakZaki]

Even a professional still has an unstable psychology. psychology must really be regulated so as not to have a bad impact on trading. don't do stupid things like follow FOMO and then get stuck at a price that is too high, then do a cut loss. it is very detrimental.
Learn from every mistake made, don't repeat it again. trading must be with good strategy and management. don't put the ball in one basket.

[ultrloa]

Even a professional still has an unstable psychology. psychology must really be regulated so as not to have a bad impact on trading. don't do stupid things like follow FOMO and then get stuck at a price that is too high, then do a cut loss. it is very detrimental.
Learn from every mistake made, don't repeat it again. trading must be with good strategy and management. don't put the ball in one basket.

Certain things will come to each trader since even how good they are still they will be FOMO for certain situations that can mis concept them on certain movements of the price of the coins in the market. But what good thing about those great traders is they know how to recover back their losses and that one is the attitude we need to follow if we want to earn and we shouldn't get panic ince market goes down and always treat it as perfect time to buy.

[kawetsriyanto]

~snip~

If someone just experiences the price correction one time, it is normal to be panic. But for those who experience it for years, it is very unfortunate to be panic. How can they don't know the crypto market nature? Traders who spend time for years in crypto market should know the correction isn't the end of their coins. Just be calm, patient, and wait for the next pump of their crypto coins! That is exactly what they need to do, right?  

[Zilon]

[quote author=Bitcoin9920 link=topic=5353935.msg57670356#msg5767035However, 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.
[/quote]
This is one of the best trading advice @op. Always hold if possible buy the dip the more and keep holding. for newbies its really not easy dealing with emotions it's always a gradual process which will certainly be overcomes over time. Crypto investment is not a kind of venture a newbie should take-up alone. The market structure keeps updating and as a newbie to the system you will encounter strange moves from various coins and tokens getting a mentor for me is preferred.

[boyptc]

Emotions won't help us gain profit but instead it will lead us to have a lot of loses. If you do trading you should be aware about the price changes in the market and hold on your emotions. Trading also requires patience and strategy based on your experience.

Hold your emotions if it's not contributing good to your trades.

Saw that happened with other traders and they've ended up losing more because they're mentally breaking down. It's the worst enemy, yourself, your emotion.

So don't be too pushy if you think that you're in that state.

[harizen]

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.

It's fine to trade with emotions during newbie days even it will result mostly at loss. And honestly, pros and experts are being like that too. No one can avoid that as that was a part of human nature.

Why? I'd rather see newbies experience that because that will be their foundation to be better traders in the future. I don't like to see them having an easy path on the way because how will they learn if there's no mistake on the way.

As they progress, they will now eventually learned how to control emotions over trades. Building trading experience is the key.

[Lanatsa]

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.

It's fine to trade with emotions during newbie days even it will result mostly at loss. And honestly, pros and experts are being like that too. No one can avoid that as that was a part of human nature.

Why? I'd rather see newbies experience that because that will be their foundation to be better traders in the future. I don't like to see them having an easy path on the way because how will they learn if there's no mistake on the way.

As they progress, they will now eventually learned how to control emotions over trades. Building trading experience is the key.

Not all people do start on becoming a pro on their first try and its just normal that we would be experiencing those impulsive kind of reactions due to emotions specially in our first tries which is normal.

This is a common reaction when you do dealt on things which you haven't experience before and as normal human being then those reactions cant really be avoided or totally certain

but when you do already gain up experience then this is where true trading do happens or investment that you must really be careful on making decisions.

[goldade]

One of the major reasons for losses in trading is simply because many people trade based on their emotions. They are not able to control their emotions and as such make mistakes.
If you'd ask me, I'd say one must learn to control one's emotions before one can venture into trading. One must be able to make calculated decisions and not irrational ones because of emotions

[LUCKMCFLY]

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.

You are right, but to avoid all this it must be taken into account that it depends on the personality, each person is different, they have different ways of thinking and acting. In general, those who fall into stress and despair are people who do not have much knowledge, that is why reading books would not be bad for them, currently many people are guided by influencers through social networks, especially on YouTube, those who give advice, they do not even follow it themselves, if a person reads books about investment, trading, that does not have to do only with technical analysis, they can do very well, books by Robert Kiyosaki, Warren Buffet are the ones that are recommended for Investors, for market speculators I recommend Livermore, Wyckoff, among others, but if there is knowledge, it is known what to do in various scenarios.

[RokokGudangGaram]

You are right we should never consider emotions when doing technical analysis but I know that it's not easy not to consider it especially we're human but if we managed to master it and rely only in technical analysis we would be able to trade efficiently and probably accurate.

[Mamun74]

When you start trading,  then try to control your emotion.Trading is business point in the crypto market. Honesty to say that when you are real trader then you don’t need panic.If you make the right decision, then you can improve you trading business.I honesty say again keep patience and move on.

[tvplus006]

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.

Despite this, very often after a loss-making transaction, beginners have a desire to immediately return their money and for this they open a risky transaction for a large amount without analyzing the market. As a result, they get another unprofitable bargain, which leads to a complete reset of the balance.

[carrigan]

I agree with you. emotions should not be poured when you are trading this is a big mistake, you can make the wrong decisions and not focus. You need to be able to control your emotions in order to be able to analyze the market well. Don't be easily provoked by emotions when the market rises sharply or vice versa. before you buy or sell coins you really have to understand and analyze the possibilities that will happen. if you have already bought coins at a high price and the market suddenly drops, you can choose to hold temporarily instead of having to sell coins at a low price.

[Xinarae*]

Risks cannot be avoided if emotions are not controlled emotions should be controlled whether you trade or not. The emotional person is never able to make the right decision so the process of losing will be more if you ever lose a large amount of money, you should first plan how to recover the loss quickly not quickly never forget to be emotional and take more risks. In order to recover the loss quickly if you zero the account with more risk it will not be traded anymore so even if it takes time slowly cut the loss in stages first then try to gain again.

[breathlessz]

Risks cannot be avoided if emotions are not controlled emotions should be controlled whether you trade or not. The emotional person is never able to make the right decision so the process of losing will be more if you ever lose a large amount of money, you should first plan how to recover the loss quickly not quickly never forget to be emotional and take more risks. In order to recover the loss quickly if you zero the account with more risk it will not be traded anymore so even if it takes time slowly cut the loss in stages first then try to gain again.

When we are emotional, of course, we cannot think in a healthy way, so whatever we do cannot be controlled because it is controlled by emotions. they don't think that later there will be another opportunity to make a profit, and today's loss is cut loss and tomorrow we are looking for profit again. It's little things like this that rarely can be done by everyone

[Vaculin]

I agree with you. emotions should not be poured when you are trading this is a big mistake, you can make the wrong decisions and not focus. You need to be able to control your emotions in order to be able to analyze the market well. Don't be easily provoked by emotions when the market rises sharply or vice versa. before you buy or sell coins you really have to understand and analyze the possibilities that will happen. if you have already bought coins at a high price and the market suddenly drops, you can choose to hold temporarily instead of having to sell coins at a low price.

it was too easy to tell but honestly, it was too hard in real life. That is why only a few people have become successful while numbers of traders just fail. I know that nobody wants such a thing but because we are human beings, surely we can still felt it no matter what we say we have to stop. Maybe this is one reason why some traders are using trading bots aside from having no time on the computer but will likely to help from being emotionally stress.

[Qirtov]

Emotions become a barrier to trading because some people still find it difficult to control them. it seems that practicing self-control of emotions is important before you enter the world of cryptocurrency because it will be useless if you understand the basics of krypto but can't hold back emotions. The crypto market will often play with your emotions, so you really have to be aware of the situation. especially if you are young panic this is really not recommended. You have to train your emotions from now on.

[Mamun74]

When you start trading with excess emotion then you don’t success in trading. Trading is a Business. You should control your emotion When you trade. Remember that emotion Won't able to success your trading.  Learn from every mistake, Don't be panic.Kepp patience and move on.

[Ararbermas]

Actually if you really educate your self at the first place such what are the disadvantage and advantage and challenges to face in trading, perhaps you can control your emotions and you know already what's the best solution for any scenario in trading.
but sad to say more people nowadays is diving in without hesitation and repent afterwards. They don't aware in any circumstances when it comes trading even they can't afford to lose money from it.  
Trading isn't a joke to be honest wherein if they will continue doing the same mistakes and don't have any plan to educate their self first while it's not late. Then all i can say is good luck!..

[AakZaki]

Certain things will come to each trader since even how good they are still they will be FOMO for certain situations that can mis concept them on certain movements of the price of the coins in the market. But what good thing about those great traders is they know how to recover back their losses and that one is the attitude we need to follow if we want to earn and we shouldn't get panic ince market goes down and always treat it as perfect time to buy.

panic will only add to our losses more and more. professionals will indeed have a backup strategy when they are caught in a situation that will cost them money. restoring the situation and recovering losses is certainly not easy, it takes good analysis to find out where the market will go. Capital reserves are also needed to recover losses.