A thing worst than "don't trade with your emotion" a trader should avoid

[usekevin]

It's a normal thing for those youtube video makers.

They have to make the thumbnail attractive so they're going to be clickable to their viewers. But I don't buy those thumbnails and I only watch those videos that I'm really interested at.

But most of them, I've got no interest anymore because of how crowded they are.

That is same with the clickbait articles as well. You just create something that gets clicks, that is the key for the metrics to be found as well. If people see your thumbnail and click on you, you get suggested to more people, and when everyone starts t click on you because they see it, not just searched for it but saw it on homepage or something like that and start clicking on you, the ranking metric says "whoever sees this, clicks on it, let's suggest it to everyone!".

Same goes for google ranking, same goes for articles, basically everything gets listed higher because of click rates, bouncing also matters, if people click and leave right away without watching or reading, then it doesn't work well.

Trade with emotions was the first things, you need to skip it. If you do trade with emotions, surely you will lose the money more than a expected. For example, it will look life, you may lose 500$ in a future trading.To save that 500 dollars, you will keep on inverse the money. Then the liquidity was increased to save your full loss.So it will became a loss of 1000$.So it's better to hold at certain points.

[livingfree]

It's a normal thing for those youtube video makers.

They have to make the thumbnail attractive so they're going to be clickable to their viewers. But I don't buy those thumbnails and I only watch those videos that I'm really interested at.

But most of them, I've got no interest anymore because of how crowded they are.

That is same with the clickbait articles as well. You just create something that gets clicks, that is the key for the metrics to be found as well. If people see your thumbnail and click on you, you get suggested to more people, and when everyone starts t click on you because they see it, not just searched for it but saw it on homepage or something like that and start clicking on you, the ranking metric says "whoever sees this, clicks on it, let's suggest it to everyone!".

Same goes for google ranking, same goes for articles, basically everything gets listed higher because of click rates, bouncing also matters, if people click and leave right away without watching or reading, then it doesn't work well.

That's how the algorithm works.

And that's why if they've seen it effective, actually, it's really effective for those video makers that has contents about cryptocurrencies and for other contents.

It's like became the standard of thumbnail and clickbaiting on social medias not just on YT.

[Raymond Gary]

As a trader one key areas of your trading life you need work on is the aspect of emotional control, you might get all your analysis right and without having to control your emotion you might even close a wining trade or a trade that is just doing a pull back without having to wait for your stop lose get hit.

[tygeade]

As a trader one key areas of your trading life you need work on is the aspect of emotional control, you might get all your analysis right and without having to control your emotion you might even close a wining trade or a trade that is just doing a pull back without having to wait for your stop lose get hit.

It’s important to make sure that we are doing everything. You have to identify the areas you think you’re making a mistake based on the experiences you have had and you start to correct yourself. Not trading with emotion is a good one, but you also don’t need to let yourself be deceived by people who don’t know what they are doing.

You should do your best to avoid wrong information that can mislead you, especially all these Youtubers that are always passing the wrong information. These YouTubers, their main is to do anything to get higher views, because that counts in making money for them.

[Japinat]

As a trader one key areas of your trading life you need work on is the aspect of emotional control, you might get all your analysis right and without having to control your emotion you might even close a wining trade or a trade that is just doing a pull back without having to wait for your stop lose get hit.

It’s important to make sure that we are doing everything. You have to identify the areas you think you’re making a mistake based on the experiences you have had and you start to correct yourself. Not trading with emotion is a good one, but you also don’t need to let yourself be deceived by people who don’t know what they are doing.

You should do your best to avoid wrong information that can mislead you, especially all these Youtubers that are always passing the wrong information. These YouTubers, their main is to do anything to get higher views, because that counts in making money for them.

There are youtube phenomenals that are fair enough and being honest to their videos while others chose to be biased and driven by emotions due to greed. If you are a wise trader, then you should be able to analyze the market patterns or trends with its technical indicators to avoid being misled by wrong information that will make you lose in the end. Apparently, early traders learn the hard way in trading and it even takes years before they can totally learn and master trading skill and strategies, and so most of them became successful. So in trading, although sometimes emotions can be hard to control, but it always gives you an advantage if you trade following the basic knowledge and skills in trading than to trade with false beliefs.

[stomachgrowls]

As a trader one key areas of your trading life you need work on is the aspect of emotional control, you might get all your analysis right and without having to control your emotion you might even close a wining trade or a trade that is just doing a pull back without having to wait for your stop lose get hit.

When you do have  that kind of impulsive kind of behavior when it comes into your emotion then you would really be ending up on having this kind of mistake on which you would really be missing out

lots of opportunities on making profits and this is why its important that you should really be mindful abotu your actions because if not then you would definitely be regretting later on.
Emotion handling is one of the most important factor on being successful on this venture or career because its one of the things needed.

[perfect999]

Shillings and hype are good sometimes, they might have their influence on bitcoin/Altcoins growth but I think it's not good to follow their steps because they say it will 100x, they are overdoing it and it doesn't help traders.
Be focused on your own findings and make a clear decision on your trades.

I do watch YouTube videos to learn, but it isn’t videos like this. I think these are analysis and hyping videos that are kind of telling people coins to buy, and you know for sure that there is the possibility that some of them can be paid to mislead people into buying a coin that will flop later. So these kind of videos are not worth watching.

When I watch YouTube videos I only watch the videos that teaches how to trade or how to do things that I don’t know, I don’t have time to be watching hype videos, anyone watching them would be wasting his or her time, because you’re not gaining anything by watching them.

[TheUltraElite]

Trade with emotions was the first things, you need to skip it. If you do trade with emotions, surely you will lose the money more than a expected. 

Most newbies end up doing that. We should make sure to start making people aware about this when introducing them to trading in these highly volatile assets. Those who are veterans know this and those who could not control their emotions have already been washed out during trading.

This should be clearly understood, youtube videos does not indicate any trend and neither does it do any analysis of trends. They are full of clickbaits and most newbies end up get tangled in them rather than get any fruitful information regarding how to trade and when to trade.

Therefore, newbies should avoid youtube as much as possible and keep observing charts before putting money in the market. Once you get a hang of the market movements, one will not need any "youtube shills" to give them picks.

[Mario Vella]

As a crypto newbie myself I can say that some of these thumbnails or some of the content (see MMCrpyto) just look like scams to me, I would never think that it's a credible info source.
What might hurt me more is "fear of missing out" - when your friends talk about how much they made from a specific coin last week and you just buy it before it's not too late, without analysing anything. You buy it on its peak price and then suffer some losses.

[MonsterV]

What might hurt me more is "fear of missing out" - when your friends talk about how much they made from a specific coin last week and you just buy it before it's not too late, without analysing anything. You buy it on its peak price and then suffer some losses.

Would that be peer pressure, then? I think it is most likely would also fall under the trading with the influence of emotions. And I believe that it is really one of the factors why most traders push harder way past their ways because they would want to cover or reach all those missed times an d opportunities. But this should not be done because it would hurt more than it could give gains if your tiding journey.

[Hamphser]

What might hurt me more is "fear of missing out" - when your friends talk about how much they made from a specific coin last week and you just buy it before it's not too late, without analysing anything. You buy it on its peak price and then suffer some losses.

Would that be peer pressure, then? I think it is most likely would also fall under the trading with the influence of emotions. And I believe that it is really one of the factors why most traders push harder way past their ways because they would want to cover or reach all those missed times an d opportunities. But this should not be done because it would hurt more than it could give gains if your tiding journey.

Similar emotions would really be felt out on the times that you would experience FUD or FOMO on which as a human being then it would really be normal to have that kind of reaction.

It does really differ on an individual on how they would really handle out theirselves on certain conditions which there are indeed things which are needed to be avoided.
As you do gain up experience then you would really be finding out yourself on becoming more better.

[MonsterV]

-snip-

I liked what you said that “…as you do gain up experience then you would really be finding out yourself on becoming more better.” The time, going through challenges and encountering different life experiences, will surely shape an individual. And this will be the foundation of learning oneself, and learning on how to become a better version of oneself. So, traders could be better than they were yesterday through transforming such experiences into inputs in doing greater actions.

[so98nn]

Internet is actually 99% scam and 1% genuine. Today’s era is all about the clicks and views and getting paid for the same. So what YouTubers and ad publishers started doing? They started to run the game with whatever crap they can get their hands on and make it viral.

The crypto is getting tangled up very badly in the social influencers. It’s most searched key words. To become more famous than other similar channel they will simply put up anything that people wants hear and believe in. For example few obvious trade coins.

[Oasisman]

Internet is actually 99% scam and 1% genuine. Today’s era is all about the clicks and views and getting paid for the same. So what YouTubers and ad publishers started doing? They started to run the game with whatever crap they can get their hands on and make it viral.

The only good thing about these YouTubers and social media influencers tackling about cryptocurrency is it can benefit Bitcoin and alts for more adaption.
Other than that, they are just shilling and wanted people to believe that investing into that specific coin will give them good short term profit. That's what most of the greedy people wants the too good to be true short term profit.

[TheUltraElite]

Other than that, they are just shilling and wanted people to believe that investing into that specific coin will give them good short term profit. That's what most of the greedy people wants the too good to be true short term profit.

Point is that there is a market for such content. People dont want to wait for a few years after buying a chunk of bitcoin to see 100x gains. Rather they want 10000x gains from buying some shitcoins and that too with a capital of dust amount.

With that mentality of get-rich-quick-with-zero-investment, there has been an influx of many influencers trying to market a number of altcoin "picks" and some dudes in suits selling books on how to get rich without doing anything.

End product is a youth generation who do not want to work hard and sincerely to earn money. We all agree on one part, you need to work on your skills in daily life to be work-worthy and in trading to be profitable. But that is lacking today.

The one people profiting from this are the ones producing such content, however they sugar-coat it.

[Rockstarguy]

Like it is said that experience is the best teacher be it good or bad, not all advice from traders on YouTube are good ones to take for trading,  some may not favourable that may lead one to a bad end. As a trader the experiences we get everyday should a lesson to learn from on how to go about trading.  Most traders on YouTube give sweet stories on YouTube to generate money from users who are viewing their videos.  It is important to only pick up the good content  from trading videos on YouTube.

[sana54210]

Like it is said that experience is the best teacher be it good or bad, not all advice from traders on YouTube are good ones to take for trading,  some may not favourable that may lead one to a bad end. As a trader the experiences we get everyday should a lesson to learn from on how to go about trading.  Most traders on YouTube give sweet stories on YouTube to generate money from users who are viewing their videos.  It is important to only pick up the good content  from trading videos on YouTube.

Experience is definitely the better teacher. I have studied not only what other people said, or what I read, but at the same time I studied how the bots worked as well. Indicators are fine and dandy until it looks like it is not going to be making you any money.

This is why I studied the methods where all the trading bots are and how they trade and how they make money as well. None of that worked as well as experience. The more I traded, the more I profited, I started out with making constant losses (literally find coins that will drop and buy them right before they went down) to a level where even though I make mistakes nowadays, the overall is profitable.

[DoublerHunter]

Like it is said that experience is the best teacher be it good or bad, not all advice from traders on YouTube are good ones to take for trading,  some may not favourable that may lead one to a bad end. As a trader the experiences we get everyday should a lesson to learn from on how to go about trading.  Most traders on YouTube give sweet stories on YouTube to generate money from users who are viewing their videos.  It is important to only pick up the good content  from trading videos on YouTube.

^ That is definitely right, experience is the best teacher and this line I have always advised those new traders who seek advice.
Whether it was a loss or a win, just treasure your experience and try not to do it again your mistakes in the future, this will lead you to successful traders even though we know that the market price was unpredictable but at least, at the behavior of the market we are aware. Tutorial is sometimes good that you can gather idea but don't apply them all, just stick on your plan and you should always have a trading plan.

[Rengga Jati]

^ That is definitely right, experience is the best teacher and this line I have always advised those new traders who seek advice.

Indeed, learning from experience is very worthy enough for better improvement. Experiences may come from our own and also from other people's experiences. As long as we can take the lessons from the experiences, we can repair and evaluate the mistakes, and we can make such certain improvements from the experiences, it will be very worthy. On the contrary, if we cannot take any lesson from the experience and think negatively about the experience, it means nothing for somebody. Moreover, in trading, it may not be easy enough to take any lesson from experiences sometimes, moreover if the people are trading with emotion and also a super greedy expectation

[Oilacris]

Like it is said that experience is the best teacher be it good or bad, not all advice from traders on YouTube are good ones to take for trading,  some may not favourable that may lead one to a bad end. As a trader the experiences we get everyday should a lesson to learn from on how to go about trading.  Most traders on YouTube give sweet stories on YouTube to generate money from users who are viewing their videos.  It is important to only pick up the good content  from trading videos on YouTube.

^ That is definitely right, experience is the best teacher and this line I have always advised those new traders who seek advice.
Whether it was a loss or a win, just treasure your experience and try not to do it again your mistakes in the future, this will lead you to successful traders even though we know that the market price was unpredictable but at least, at the behavior of the market we are aware. Tutorial is sometimes good that you can gather idea but don't apply them all, just stick on your plan and you should always have a trading plan.

10000 screen time is essential for someone calling himself a pro trader since min 5 years of trading experience will lead to analyzing the charts without any kind of technical analysis. You have to detect trends after checking charts and see the price patterns with the naked eye. Trading videos on social media is not going to make new users pro traders, they have to develop trading skills, money management, analysis methods, etc.

Everything would really come in time as long you do make out engagement plus learning all the aspects along the way even though it wouldnt really be that easy but its not actually impossible.

Learning would really be able to get on actual experience and this is been the key and of course emotional aspects is really a big factor which would affect your overall performance or outcome.
This is why you should need to have that good self control towards emotions because this would really be a big factor and needing to be controlled.