Emotions should never be traded.

[fullhdpixel]

Being a veteran doesn't equal to being in profit, many veterans I know ended up in a loss during the last 3 months, and many newbies I know made a lot of profit the bull run as well.

That's a very good point and most of the time, overlooked. Being a veteran doesn't equal profits because experience only helps you tackle a previously encountered scenario in a better way. For example, someone who panicked in 2015 will act better when the market crashes in 2016 and act in the best way when the market crashes today.

Experience doesn't always improve you actually and sometimes makes you more rigid about your beliefs. Working on your skills is one thing and just gaining experience is another. I feel like experience helps you at a psychological level while working on your skills, abilities helps you at a more logical and technical level.

[1714021372]

1714021372

[1714021372]

1714021372

[cheezcarls]

Yes been there done that and I’ve learned my lesson the hard way. I have lost a lot of money due to trading with emotions, especially meme and other shitcoins out there. I’ve ended up buying when some of them have hyped the coin or token, but eventually it died down after the coin or token’s value is down and liquidity was removed by the devs, etc.

Despite that I am tempted of it, I’ve finally learned that I should always DYOR before investing in that coin or token (especially play-to-earn blockchain NFT games).

[Kittygalore]

Just be careful with your trading, just wait it out when the prices are going down. Remember that you can't lose your investments if you don't do spontaneous and emotion based decisions because it only makes you prone to losses. I mean if you trade, you can just park the coin there if it doesn't go your way and just wait for it to go up again and then that's when you're going to sell.

[LongStand]

Trading should not be done with emotions. Trading with emotions might lead to ignoring goals, stops, and other elements of our trading strategy. We can become overconfident, which can lead to poor trading and large losses. As a result of all of these moves, traders are less likely to stay in the market. We won't be able to tackle this problem by suppressing emotions.

[techearn17]

Don't forget always buy low sell high and don't try to reverse it unless you have a great strategy to still gain profit. Emotions is always present even in trading but learn to hold it and don't let your emotion ruin your trading strategy. Patience is an important ingredients in trading so that you can avoid to feel panic everytime market not goes well.

This is exactly where emotions come into play. I have done this process many times and it works 100% works We should never jump into the market. We have to be patient until the market is low then we have to buy. Haste always causes harm. the volatility of the crypto market is very fast. We can be good traders if we take care of these things.

[boyptc]

Just be careful with your trading, just wait it out when the prices are going down. Remember that you can't lose your investments if you don't do spontaneous and emotion based decisions because it only makes you prone to losses. I mean if you trade, you can just park the coin there if it doesn't go your way and just wait for it to go up again and then that's when you're going to sell.

Paper loss is what they call it.

Despite not selling and by just looking at your portfolio and the market dips, you're at loss on it. And it's not that easy thing to manage our emotions.

Especially if there's a big money that's being involved or if your portfolio contains a lot.

[Hobo66]

In crypto should not be trading on emotions and shiukd not  invest more than you can afford to lose, maybe take some profits and have a sit back no matter weither it goes up or down no amount of money is worth your mental health

[sherenikaw]

That's the importance of controlling emotions in trading because trading requires a strong mentality and high patience. Some traders suffer losses because they cannot control their emotions and finally give up on this ups and downs in the crypto market. therefore it is important to understand the crypto market and deepen knowledge about crypto so that we avoid things that are detrimental. selling an asset and giving up at a low price is suicide which will inevitably lead to heavy losses. so we are smart ourselves in making decisions in trading, whether to give up or keep trying our best to make a profit.

[Rexler]

2. Buying alts when the markets in general isn't necessarily a bad thing when talking about trading, because buying at rising prices with high volumes is a thing that could be taken advantage of.

Yea it's true buying when price is rising isn't a bad idea because there would be enough trading volume and also high volatility which could fetch enough profits, but when this becomes bad is when traders or investors buys at the top which is really very risky because there could be a big correction which will cause loss to people who bought at this point, and this is where people really get emotional, because not everyone can bear the pain of seeing his capital depreciating.

[Qikiye]

You can never make a profit if you place emotion in cryptocurrency. Never mix emotions with trading, you will never sell in the market loss due to emotions after investing. It does The amount of loss will be more than your profit.

[carlfebz2]

You can never make a profit if you place emotion in cryptocurrency. Never mix emotions with trading, you will never sell in the market loss due to emotions after investing. It does The amount of loss will be more than your profit.

Easy to say but really hard to control off when it you are already into this market on which it isnt really that easy to control of emotions and since we are just human beings then we are really prone to that because we

do value money that much and we dont like for it to lose so its just normal to have those reactions but the thing here is that you do know how to handle up those burst of emotions and to think off clearly and properly

on what are the things you should gonna do and this is where people do really differs on which you can spot out which one is experienced and which one is a total noob.

[elisabetheva]

In crypto should not be trading on emotions and shiukd not  invest more than you can afford to lose, maybe take some profits and have a sit back no matter weither it goes up or down no amount of money is worth your mental health

indeed sometimes not all can reduce what is done after experiencing things that are not in accordance with what is desired, especially in terms of losing profits that are already in sight. then emotions sometimes come out immediately and only realize after thinking that it does not also solve the problem that has already occurred. it's better to fix yourself not to happen again and with all good analysis and patience.

[XUNing]

Greed and emotion have a great negative impact on trading, and panic trading will inevitably bring economic losses.
When trading is affected by market sentiment, it is easy to blindly buy and sell, which will bring more risks and losses. To learn more encryption knowledge and analyze market trends to formulate appropriate strategies before trading, which can minimize risk losses.

[xwshamim]

Everyone says this but people cant control  their emotions when the see their money  increased by 10-15x they thinks that will increase more and more. And at the end they loses everything.

[thet]

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.

Very true, emotions can affect your trading decisions. Most of the time I am doing the wrong decisions because I am expecting more.

It is important in trading to learn first and check the chart and not to simply believe in yourself and follow your emotions.

[Botnake]

In fact, the boss of emotion is not right to do anything. Especially in the case of trading, never go to trade with passion. When trading you need to think carefully and the coin that you will trade is Need to do a good analysis. Then you will be trading. I repeat, you must be well acquainted with trading. You should never trade with passion.Then you will see that at one time you have fallen into huge loss. And will not be able to recover it later.

Passion is very important in trading. Passion is totally different from emotions.
The cause of huge losses was because we are incapable of doing it but if you have passion in your heart, you can do it willingly. Like to do a search, market analysis, TA's, everything needs hard work, and that passion comes to help and boost you up.

But that EMOTION is the biggest enemy, it was the common reason for failure but can't make this to disappear as we are a human beings, only we need to control it.

[LUCKMCFLY]

Greed and emotion have a great negative impact on trading, and panic trading will inevitably bring economic losses.
When trading is affected by market sentiment, it is easy to blindly buy and sell, which will bring more risks and losses. To learn more encryption knowledge and analyze market trends to formulate appropriate strategies before trading, which can minimize risk losses.

Greed is undoubtedly one of the feelings that you can have at any time, the important thing about these feelings is not to get carried away to make business decisions.

One of the most famous operators of the years 1800-1900, called Jesse Livermore, he recommended not to see the news at the time of doing the analyzes, in retrospect it is similar to our times, because social networks, news are the order of the day , and many people operate based on the news and emotions expressed, either by influencers and others such as what they call the FOMO, that is why emotions in trading are not recommended to be operated by emotions or other than effects news or influencers as it becomes a high risk trade.

In this recent article, they speak highly of the FOMO:El Salvador’s Bitcoin adoption may transform remittances in Central America
Source: https://cointelegraph.com/news/el-salvador-s-bitcoin-adoption-may-transform-remittance-in-central-america

[Marvell1]

In my opinion, emotions make up 80% of trading. We will not succeed if we do not control our own emotions. Most traders lose even though they have good trading knowledge and skills but most of them cannot control their emotions when trading. When they see their money growing rapidly, greed arises they can't stop until it runs out.

[checkmatesir]

You are discussing a quite important topic, whenever i see the traders investing in coins like they are going to rise, i scrambled a little that how can they know that the coin will rise and even not giving them loss. Even in trading we can just assume and can't with with full consistency the coins we bought will rise.

[GranitXhaka98]

For you to be as successful as possible in the crypto space you should never trade your emotions in the market trends. When emotions are traded first it makes you so skeptical about the trading strategies you are using. You need to always stick to your trading strategies and never get too emotional because it always keeps on making your loss greater than your wins . so never trade your emotions in the crypto space.