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Author Topic: Emotion and Trade?  (Read 1461 times)
Sakanwa (OP)
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March 01, 2023, 05:13:07 AM
 #1

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

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March 01, 2023, 05:41:44 AM
 #2

the first advice is to leave trading in advance for some time. maybe too stressful and frustrating to see trades that always lose.
then when it's ready, I think those who experience something like that need some additional knowledge related to trading. everything is always evolving, including knowledge and skills that can always be upgraded.
after all the efforts that have been made and he feels he is still getting losses, I think it's better to stop trading and try to invest. sometimes there are people who are not cut out for trading but are very lucky at investing.



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March 01, 2023, 06:24:41 AM
 #3

While emotional control is great, you can have top-tier emotional control over your trades but in the end you're still a bad a trader if you don't know how to trade in the first place.

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March 01, 2023, 06:24:47 AM
 #4

*What else is required for such a person to control,is it still his or her emotions or what next?
Emotion is just one of it but not all.

Others are:

  • look for the right strategy to use
  • learn about risk management, very important
  • learn about indicators too, do not gamble with trading but learn instead
  • continue learning
  • be careful of the coins you are using, some traders are using the wrong coins and they are losing just because of that
  • do not go for profit that you do not expect loss in return that you can not cope with, do not use leverage or over-leverage. I mean use low or no leverage.

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
The person should continue to use low amount of money until he gets it right. The person might thought he is not having emotion, but using higher amount of money when the person is still losing is a sign of him not having control over emotion that is tempting him to use more than he can afford to lose, which is very wrong type of mindset in trading.

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March 01, 2023, 06:31:37 AM
 #5

Maybe try turning off the PnL indicator. That way, you can focus on what has been drawn to the chart and stick to your trading plan as religiously as possible. You see, most of the time traders exit their trades based on a positive or losing percentage shown on their PnL.

Sure this maybe difficult at first but having to trade based on your technicals and not on your PnL could give you an edge among other traders not only when it comes emotional side of things but also in creating a repeatable and profitable trade in the long run.

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March 01, 2023, 08:42:10 AM
 #6

Maybe try turning off the PnL indicator. That way, you can focus on what has been drawn to the chart and stick to your trading plan as religiously as possible. You see, most of the time traders exit their trades based on a positive or losing percentage shown on their PnL.

Sure this maybe difficult at first but having to trade based on your technicals and not on your PnL could give you an edge among other traders not only when it comes emotional side of things but also in creating a repeatable and profitable trade in the long run.
I have opened positions before that I will start to lose in a way that I will think that nothing good can come out of it again, but in a day, two or three days, the market will just come my direction and I will gain. That was when I knew that leveraging which can make someone to close trade very fast or leading to liquidation is not good. I think this is what you are talking about, that not all trades that first go against the position you opened that may not lead to a profit but later lead to profit. I understand, that is correct.

But that should not be a good reason to disable PnL, I do not think that is even possible on exchanges. I have used more than 7 exchanges before but I did not noticed that, maybe because I do not see it usefulness though because PnL makes traders to know fast the amount of money they have gained or lost. If low leverage is used and going for a good coin like bitcoin, no problem.

If you want to disable PnL, then why trading at all, knowing the PnL in trading is very important. People that I do see this can encourage are holders, people that do not want to sell for over long period of time, it is good for that kind of people not to look at their wallet or they should disable the fiat estimate, that is possible on many wallets.

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March 01, 2023, 10:04:13 AM
 #7

One must be emotional prepared or greed free before venturing into trading why because at the point of trying to make out ways of increasing your trading target or budget for the day or for the week per months you ends up losing funds at this point we apportioned it to be an emotional feelings. This is pure wrong, why people lost money while trading is a result of greed, anyone who can control greed can equally avoid emotional feelings being attached while trading.
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March 01, 2023, 10:48:17 AM
 #8

Controlling emotion in trading is most important for getting good management when earning profit or facing loss and need decision what have to do with stop loss or keep continue holding until back to higher price. Many trader loss their opportunity to earn profit because out controlling their emotion actually with future trading.

I think with spot trader they can manage well with emotion and earn profit can manage well, but when you try with future trading you loss emotion controlling actually when position loss and try investing back without smart research about which one position have opening between short or long.

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March 01, 2023, 11:03:19 AM
Last edit: March 04, 2023, 07:34:10 PM by Sakanwa
 #9


This is pure wrong, why people lost money while trading is a result of greed.



In the absent of lost of greed and you fully dedicated your self to trade without having greed and not having double thought of what you earn or lose what else do you think can make a trader loss focus and get himself to loss.

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March 01, 2023, 11:35:32 AM
 #10

Quote
In the absent of lost of greed and you fully dedicated your self to trade without having greed and not having double thought of what you earn or lose what else do you think can make a trader loss focus and get himself to loss.


First you have to edit your post and unquote your post..
Mate there is nothing to argue about, I just expressed my own side of understanding and views relating to what op said. So you chose whatever you think is the reason.
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March 01, 2023, 11:48:57 AM
 #11

Emotion and Greediness are both harmful to traders. But, Both are part of human nature. You have to control yourself from emotions and Greediness. These two things can make you lose. Suppose you are at a loss; your feelings will force you to trade more in the hope of recovering the loss, even if you know that you might lose again. You have to control it and do research before you open another position.

Even if you are at a profit, greed will force you to open another position like before, in which you made some profits. You have to understand that the same strategy doesn't work all the time, and if you are a trader, you already know that.

So, I would say, You have to have control over your two human nature; Emotions and Greediness. Rest depends on skills.

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March 01, 2023, 12:25:33 PM
 #12

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

Don't trade over emotions because you can take risky action because of that and you can take good trades especially when you are scared or even bothered with some situations that might possible to happen.

Focus to trade base on your analysis or skills since this will put you on more clear path towards creating good decisions on your possible trades. This is long path to learn so try to get experience since it can help you shape up to became a better trader.

R


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March 01, 2023, 12:57:21 PM
 #13

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

Maybe traders like that are traders who are unlucky in the trading journey he does.
Not intending to exaggerate, but I with minimal trading skills never continue to a loss. In the process of trying to learn some trading techniques, there will indeed be more losses. But that will not continue to happen successively.
If there is something like that, maybe he should review the trading strategy used. If someone can control his emotions in trade, he should not be a beginner in trade.


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March 01, 2023, 01:34:19 PM
 #14

We don't have to completely eliminate emotions, because isn't a calm situation in our minds an emotion. But the emotions referred to here are emotions that will make us act out of control. That's really what must be avoided, because once we are in a situation like that, we will lose a lot of losses. As traders we have to know when we have to enter and when we have to get out, I mean when our situation is suitable for trading, and when we have to get out when we experience losses and when we profit (don't be a greedy person) to get more profit than what we got at that time.

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March 01, 2023, 01:52:13 PM
 #15

The only way to trade successfully is to control your emotions hope greed, fear and regret are four emotions that are related to traders. These emotions must be suppressed in order to be satisfied and successful after conducting extensive research, mechanizing the business process is the most effective method of controlling emotions. Mechanization here refers to mechanizing the trading action instead of relying solely on tools or software.

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March 01, 2023, 02:03:17 PM
 #16

If you are still experiencing defeat, you must be able to calm yourself down; maybe getting out of the market for a while can make you calm. That's what I've been doing for a long time because it could be that when I analyze, my mind can't focus and cause me to analyze incorrectly, leading to losses. You can try it and maybe it can help you control your emotions.

My advice might be as I said above, because it can at least help divert the frustration we experience because of losses in trading. But that's just a suggestion and you should try to find a way to calm yourself down.

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March 01, 2023, 02:41:43 PM
 #17

Trading is a business of patience.  If one panics here or trades with emotion then his loss will be more than his profit. If someone trades with emotions then he is not a professional trader he is still a Noob.  Because trading cannot be done with emotions. The most important thing for trading is to learn technical analysis and be able to do the right analysis. Those who are successful in trading are those who can do technical analysis properly.


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March 01, 2023, 02:57:04 PM
 #18


*What else is required for such a person to control,is it still his or her emotions or what next?


Nothing wrong with the person that has his emotional controlling the direction of their trade. The trader is not experienced. Experience has alot to do with our trading experience. A mature trader who has been through the ups and downs of trade understands the movement of trade and is not scared even when things go wrong for them and know what to do professionally rather than allowing the emotion to have a better part of them.


*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

This kind of trader is an inexperienced trader. It is an inexperienced trader that falls prey to emotions.
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March 01, 2023, 03:13:14 PM
Merited by Nheer (2)
 #19

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

As a trader in crypto currency; you need to put yourself and emotions under total discipline and control; such that you make the correct decisions with regards to trading 90% of the time, this way you can make more profits than losses.

Here, you can read my short notes on The right mindset needed for all traders .
The fundamentals will help new traders all the time if perfected
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March 01, 2023, 03:33:24 PM
 #20

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
Before you trade, you must control a few things.

- Capital you use for trading. If you fail to control it and assume you use all money you have for trading, you will easily lose control on other things.
- Your time allocation for trading each day, each week. If you self limit your time allocation for trading good enough, you won't trade too much, won't look at screens, charts too much. That is good for your health and emotion control.
- Control your emotion is difficult and it should be supported by your orders like stop loss, stop limit order. When you fail to control your emotion, those orders help you.
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March 01, 2023, 04:53:36 PM
 #21

If a person control emotion but fail to get profit then may be he Don't know yet that how to do it and may be he Don't use such strategies which is helpful in getting good results. With controlling emotions A person should also have accurate Knowledge and functional skills to operates and get desired outcomes.

Greed is also a negative aspects on profit and for obtaining victory you should must have to hold a coin which is less volatile and have greater ability to boost in value. Instead of controlling emotion there are also number of others keys that can give you huge cashback.

In fact market is highly fluctuated so there will also be fruitful results as well as harsh results so it matters a lot to hold a beneficial token rather than participating in day trading. For success it also matters that what type of trading you are involved in so holding is wise choice for achieving fruitful goals.



 

 

 

 

 

 


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March 01, 2023, 05:15:11 PM
 #22

If a person control emotion but fail to get profit then may be he Don't know yet that how to do it and may be he Don't use such strategies which is helpful in getting good results. With controlling emotions A person should also have accurate Knowledge and functional skills to operates and get desired outcomes.

Greed is also a negative aspects on profit and for obtaining victory you should must have to hold a coin which is less volatile and have greater ability to boost in value. Instead of controlling emotion there are also number of others keys that can give you huge cashback.

In fact market is highly fluctuated so there will also be fruitful results as well as harsh results so it matters a lot to hold a beneficial token rather than participating in day trading. For success it also matters that what type of trading you are involved in so holding is wise choice for achieving fruitful goals.
It will be better if we know how to trade technically so we will not need to wait for long to the market to recover. Day traders somehow able to earn still despite the drop of prices. It may affect our emotion too much when we do day trading but trading regularly can exercise our skills and emotion in controlling ourselves. Overtime we will discover things we need to learn and on how to be able to get profit thru trading. Though it indeed requires skills and budget to be able to start to learn in trading but through practicing as well trying to truly trade will be the start for us to know what techniques work best on us.

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March 01, 2023, 05:55:39 PM
 #23

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

If someone has the power of controlling emotion that does not mean the person is a good trader. But yeah emotion is one of the important things that should be controlled by a trader. As Wapfika said traders must know the technical things besides controlling emotion to be profitable.

Btw at the end, you can not win the 100% game. Win-lose is also a part of Trading. Knowledge and some other things like emotion controlling power just help to reduce the loss chances.

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March 01, 2023, 05:58:06 PM
 #24

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

Once can really start with segregated funding's to avoid any emotional damages during the trend. This is best advice for those who are not able to keep up with the "emotional trading", meaning someone who is trying to recover the losses by putting more money into the trading and on the process loosing more and more. Now, usually such people should start funding the trading accounts with limited amount of money. This should be defined by the money which is leftover after all the expenses (required one) and savings combined. This way even if someone loose it one should not be worried about it.

Never try to recover what's lost in the process but yeah should try to cover the losses in next slot of trading after account is funded by calculating the above formula. That is expenses + savings - left over money.

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
Before you trade, you must control a few things.

- Capital you use for trading. If you fail to control it and assume you use all money you have for trading, you will easily lose control on other things.
- Your time allocation for trading each day, each week. If you self limit your time allocation for trading good enough, you won't trade too much, won't look at screens, charts too much. That is good for your health and emotion control.
- Control your emotion is difficult and it should be supported by your orders like stop loss, stop limit order. When you fail to control your emotion, those orders help you.

Correct. Over the period of time one may get trained for it but since we are humans and we love money, the possibility of getting stuck over our profits could be always at peak of the mountain.
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March 01, 2023, 06:25:39 PM
 #25

While emotional control is great, you can have top-tier emotional control over your trades but in the end, you're still a bad trader if you don't know how to trade in the first place.
Agree with you on that, first thing a trader should develop is knowing how to trade because that is the first and primary thing placed above emotional controls and all the other good features that make a good trader.

-the first thing is to develop good trading skills and there after work on the level of emotional control and subduction.
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March 01, 2023, 06:28:45 PM
 #26

What is tested in trading besides our emotions, patience and mentality is influenced by our own decisions, and remember that it is all of us who decide to take and close positions both profit and loss.
and my advice is to use a demo account first, besides learning to trade well you can also recognize your character when trading to be able to adapt and also learn to control your emotions and improve your weaknesses. And also increase your knowledge in the world of trading, trading is not easy so it's best to learn as a whole and also know yourself which will make you a profitable trader.

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rhomelmabini
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March 01, 2023, 07:42:18 PM
 #27

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Controlling your emotions while trading is totally a great one but that doesn't mean you're getting profit. You need to have more than the basics if you really wanted to profit, learning the best indicators that suits your style, researching, charting (don't just make it complicated) and other things. My advice is just keep learning and embrace losing, that's part of the process, you'll succeed in the end.
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March 01, 2023, 08:13:12 PM
 #28


One thing that a person needs to realize so that he can control himself is that he can't hurry things to happen. There is indeed the need for a person to be patient otherwise he will tend to go to the futures market unprepared.

One good piece of advice is to watch the news like current war, global crisis, FED announcements, and crypto news as well especially halving which is important. You can never go wrong with what BTC will do after Halving.


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March 01, 2023, 08:56:03 PM
 #29

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
- When it comes to trading then controlling emotion is really that crucial since this would be the main thing that could possibly alter out your decisions for whatever positions you would be making.
This is why it is really that important on how you would be able to control it out, though it would really be acquired to real experience and dealings within the market.

-Let your emotion sit aside on the time that you do make out some trades.Im aint saying that you should really be that numb but it should be and sticking out with your
plans earlier.You cant really just alter it out just because you are afraid.

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March 01, 2023, 09:13:25 PM
 #30

What is tested in trading besides our emotions, patience and mentality is influenced by our own decisions, and remember that it is all of us who decide to take and close positions both profit and loss.
and my advice is to use a demo account first, besides learning to trade well you can also recognize your character when trading to be able to adapt and also learn to control your emotions and improve your weaknesses. And also increase your knowledge in the world of trading, trading is not easy so it's best to learn as a whole and also know yourself which will make you a profitable trader.
Sometimes we get greedy when our trades are profitable and we are too hasty to close our trades when we are losing. Mentality is really needed in situations like this, we can't decide because we only see what happens in our trading market, but we also have to have reasons to cover losses or take profits. The main mentality is when the market is not on our side, we have to really take it into account, that's why we are advised to place a stop loss. That's because our financial management must be neatly arranged, so it doesn't make us lose even more later.

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March 01, 2023, 09:26:58 PM
 #31


*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Emotion should be set aside every time you trade because you decision should be based on your analysis and not with your emotion, there’s a big risk if you are too emotional when it comes to trading.

I suggest to keep on learning, don’t skip the process of knowing every indicators and while on the process you have to create your own strategy so when you do the actual trading, you can’t be more emotional because you trade with your plan and strategy,

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March 01, 2023, 09:45:50 PM
 #32

I guess with all the advice and help I will learn on how to control my emotions and have my mindset on the candles on my trading making and do more focus on the analysing my market system.

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March 01, 2023, 09:55:15 PM
 #33

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
To be honest that controlling emotion is one of the keys to being more successful in crypto trading, especially daily trades or future trades. Because here, the market will really make our emotions up and down, with high volatility, we may lose so easily and also win.
if we are able to control our emotions, we maybe wiser enough and more careful in deciding the right strategy to do with the current market condition. This will really influence how we take the decision without panic situation.

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March 01, 2023, 10:27:54 PM
 #34

I guess with all the advice and help I will learn on how to control my emotions and have my mindset on the candles on my trading making and do more focus on the analysing my market system.
Learn from your mistakes and this would really be the key on making yourself way more enhanced and improved in towards your trading activity.You cant just sit down and expect to make profits
all the way.There's soo much things that you would really be encountering along the way and you cant really just rush up on being that profitable trader yet lots of things which you do need
to adjust on. Emotion could really alter out your plans if you arent that good on controlling yourself in towards to this and you should really be that careful
and be mindful in towards your actions.

R


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March 01, 2023, 11:54:05 PM
 #35

Emotion consumes a lot in decision making and that's an essential thing to be controlled by a trader. And a trader that can't control his emotion is bound to lose everything he's got.
That's for sure and that's why if you're dreaming of becoming a day trader, you need to set your boundaries and control what has to be controlled in emotion and as well as in your financial decision making. All of it has to be taken care of based on how you perceive trading because not everyone can easily control themselves without looking at what shall be controlled and that's why acknowledging first that you've got some fault that needs to have a solution is the first thing you need to achieve. It's a step by step procedure.

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March 02, 2023, 03:08:57 AM
 #36

the first advice is to leave trading in advance for some time. maybe too stressful and frustrating to see trades that always lose.
then when it's ready, I think those who experience something like that need some additional knowledge related to trading. everything is always evolving, including knowledge and skills that can always be upgraded.
after all the efforts that have been made and he feels he is still getting losses, I think it's better to stop trading and try to invest. sometimes there are people who are not cut out for trading but are very lucky at investing.

I guess consistency is more important, and one must not quit trading despite losses. Of course, we must reconsider the strategy we are adopting or may reduce the volume of our capital. But quitting trading won't help you and losses are integral part of crypto trading. Do you know any trader who has not faced loses in his career? So try to bear loses and improve your strategy accordingly.

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March 02, 2023, 04:47:20 AM
 #37

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Traders who have the right knowledge about trading will be able to control their emotions because knowledge is not obtained just by reading but through practice and in practice traders will know what to do so that it doesn't involve too much emotion because all actions are carried out with logic not feelings. So learn to trade properly and if you still experience more losses than profits then trading may not be suitable for you.

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March 02, 2023, 06:00:47 AM
 #38

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Trading like in most cases is a sum of different skills, to have control over your emotions is a must but it is not the only skill you need.

You also need to study the markets and develop a deep understanding about how they move or making money will be impossible for you, and finally you need money management skills as not only you need to know how to earn money, you also need to know how to preserve it, a key skill when the market takes a negative turn and you have to protect your capital at all costs.

.
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March 02, 2023, 06:59:35 AM
 #39

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Traders who have the right knowledge about trading will be able to control their emotions because knowledge is not obtained just by reading but through practice and in practice traders will know what to do so that it doesn't involve too much emotion because all actions are carried out with logic not feelings. So learn to trade properly and if you still experience more losses than profits then trading may not be suitable for you.
Regarding emotional control, theory is easier than practice, and that's what I experienced when I first entered the world of trading. Indeed, before I made a trade, I had prepared it so that I could trade without emotion, but after I entered and started the entry, everything fell apart. But as time goes by I can control it more, and experience speaks for itself here. If we want to learn from experience I think it will come by itself, yes we will be able to control our emotions with time.

.
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March 02, 2023, 07:04:43 AM
 #40

Well am using the idea of my previous app Deriv go in this trading app most times get to try the tambling trade but fails so many times and I guess I will say emotional state is not really necessary because of the way the candles stick are been cut down and zoom up again without you noticing when it it go either up or down, so in such trade what should your emotions do then and after.

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March 02, 2023, 07:54:30 AM
 #41

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?
If as a trader you're sure of being in charge of your emotions having in place the needed trading skills to at least be able to afford you some good profits buy yet nothing forth coming then in this case I suspect a lack of patience within such trader. If you're sure of your analysis before initiating a trade then a multiple days or week of delay from seeing any fruition as earlier expected shouldn't make the trader cut out of the trade. There are times in my early trading stage that I have had to cut out of a trade because it wasn't giving me what I earlier hoped for, but about a few days after cutting off the trade that's I discover the trade starting to go as I earlier hoped but I was already out of the trade. Of which if I had given it a little more patience

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March 02, 2023, 08:03:01 AM
 #42

in this case I suspect a lack of patience within such trader.
traders who are quite able to control their emotions in trading, I'm sure are not beginners who will panic when they see trades that are not according to plan.
the patience you mean is also part of emotional control. trading will rely more on skill and experience. and the more experienced a trader is, the colder he will be when planning his trades.
just believe, when we have tried in the trading we do. then whatever the actual result we will not always get what we want. Losses will come, but they won't be continuous.

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March 02, 2023, 11:02:06 AM
 #43

If you are trading with emotions then you can face loss as it's hard to make decisions in these cases which is why it's advisable set aside your emotional behaviour while trading.You need to control it which you will learn with experience over time like sometimes it's hard but if you have knowledge and skills then you can handle situations well in comparison to some emotional trader who get excited or panicked easily.

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March 02, 2023, 11:46:26 AM
 #44

If you are trading with emotions then you can face loss as it's hard to make decisions in these cases which is why it's advisable set aside your emotional behaviour while trading.You need to control it which you will learn with experience over time like sometimes it's hard but if you have knowledge and skills then you can handle situations well in comparison to some emotional trader who get excited or panicked easily.
We must learn how to control the emotions that will arise when we trade so that whatever circumstances we experience in trading will not trigger excessive emotions. In addition, by learning to control our emotions, we can calmly analyze the market and find ways to adapt to the moving market. We can also determine what attitude we should take about the market so that we will not rush to enter the market if our analysis is not finished. With increasing trading experience, it helps us to improve our analytical skills and if accompanied by calmness in analysis, it will give different results than before.
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March 02, 2023, 01:28:19 PM
 #45

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Emotions can be found normal to human beings, which is why we are more special than these trading bots.
if we think that controlling our emotions could make us more profitable, well, that is exemptional. Although we can say that emotions can ruin our plan, and can cause major losses, however, it also creates a positive impact as this could sometimes save us from losing more.

There is no need to become emotionless from trading, we are not robots but of course, never let our emotions control us and make decisions. We at least know what is right and what is wrong, and we do respond to the market with emotions but with deep thinking.

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March 02, 2023, 01:33:07 PM
 #46

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

If you're still losing most of your trades even though your emotions are under your control, maybe your knowledge about trading is still not enough to make most of your trades profitable. It is also important to know when to stop or continue, because continuing trading even though you know for yourself that you're not getting anything is just nonsense. Take a break, clear your mind, breathe some fresh air and restart all over again. Don't limit yourself from learning, keep on growing, and don't expect too much if you're just a newbie trader.
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March 02, 2023, 01:49:09 PM
 #47

Emotion and Greediness are both harmful to traders. But, Both are part of human nature. You have to control yourself from emotions and Greediness. These two things can make you lose. Suppose you are at a loss; your feelings will force you to trade more in the hope of recovering the loss, even if you know that you might lose again. You have to control it and do research before you open another position.

Even if you are at a profit, greed will force you to open another position like before, in which you made some profits. You have to understand that the same strategy doesn't work all the time, and if you are a trader, you already know that.

So, I would say, You have to have control over your two human nature; Emotions and Greediness. Rest depends on skills.
I agree that it is going to cause a bit of trauma to people if we keep saying that they shouldn't really feel what they feel. If you feel greed, or fear, or happiness, or excitement or whatever, if people are telling you to "not feel them" do not understand it as try to not feel anything.

The logic is that you are going to feel these no matter what, we are all humans and we feel, the point is that you should be trading as you always do without putting these feelings into consideration. Just because you are greedy, doesn't mean be greedy when trading, have different points in time when you feel greedy and that would be a lot better for you in the end.

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March 02, 2023, 01:49:48 PM
 #48

If you are trading with emotions then you can face loss as it's hard to make decisions in these cases which is why it's advisable set aside your emotional behaviour while trading.You need to control it which you will learn with experience over time like sometimes it's hard but if you have knowledge and skills then you can handle situations well in comparison to some emotional trader who get excited or panicked easily.
The majority of people find it very difficult to understand when to trade and when to hold, which is another major issue people have when it comes to cryptocurrency. Doing your own research and acquiring materials on trading can help and keep you at ease when it comes to money, and cryptocurrency is not for the weak but you can always build yourself. how phycology is built on fear so any bad news in the market is not as favored as what next is to sell.

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March 02, 2023, 04:44:13 PM
 #49

~
What else is required? If you can handle your emotion, you should be able to pad your emotions with your own reasoning and that would surely help you in the long run in trading. Reasons over emotion, right?
It is not just all handling emotion in trading.

I would say those kind of person are simply a little bit of inexperienced. It takes quite a while to get used to trading and it might not even be for you like me. My advice for that kind of person is test the waters if trading is really for you first. It is entirely okay if you just go hodl either way like me.
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March 02, 2023, 05:01:50 PM
 #50

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Trading is not all about emotions, from my understanding Trading is all about your experience towards it, because it has to do with skill and the skills of Trading is something that do with understanding,  you emphasising on emotions is typically have to do with a person that knows the rudiments of Trading, so therefore I haven't see emotions as a barrier behind the success of Trading, because before you excel in Trading you have to acquire the knowledge.

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March 02, 2023, 05:51:39 PM
 #51

traders who are quite able to control their emotions in trading, I'm sure are not beginners who will panic when they see trades that are not according to plan.
the patience you mean is also part of emotional control. trading will rely more on skill and experience. and the more experienced a trader is, the colder he will be when planning his trades.
Experience, knowledge and cold attitude of traders are only formed differently from one trader to another.
Many experienced traders are also impatient when they see profits, as well as when they see losses. If they had to be patient enough I don't think they would just trade, they would just invest and hold for the long term.

just believe, when we have tried in the trading we do. then whatever the actual result we will not always get what we want. Losses will come, but they won't be continuous.
Yes, I agree with you. But when their mindset changes about long-term investment potential, then I think they're just going to become more patient people about their investment management.

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March 02, 2023, 06:31:54 PM
 #52

To be successful with your trades I guess the big deal is to learn how to control your emotions which boils down to greed. No matter how good you are with risk management and the right strategy to use in your trades, if you are greedy or if you are a greedy person you will keep loosing.
So if you are day trader and decides that your daily profit is $10 or mid term trader and decides your profit limit should be $100, once you hit that, end ur trade and rest, when you add emotions / greed you will have the urge to cross your limits and might as well loose in the end.
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March 02, 2023, 06:59:23 PM
 #53

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Emotional control is one of the most important things a good trader requires; if a trader has patience, he can achieve great things including good profit; because crypto trading is one of the riskiest tradings in which one can lose his/her entire wealth in a few seconds with a single mistake, adequate knowledge is required coupled with patience in order to be a successful trader.

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March 02, 2023, 09:16:17 PM
 #54

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Emotional control is one of the most important things a good trader requires; if a trader has patience, he can achieve great things including good profit; because crypto trading is one of the riskiest tradings in which one can lose his/her entire wealth in a few seconds with a single mistake, adequate knowledge is required coupled with patience in order to be a successful trader.
But this is something that you cant really just able to make it out or handle because this would really be making you that able to face up lots of unfortunate events first before you could able to mold up that kind of control which is something that normal because there's no way that you could really be able to handle yourself on different situations if you dont really have that actual experience.We are just human beings on which
emotion and any reactions would really be that common and if you are a complete newbie then getting impulsive would really affect out your entire decisions on what you are currently dealing
with which would in result into mistakes and errors.

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March 02, 2023, 09:25:51 PM
 #55

If you are trading with emotions then you can face loss as it's hard to make decisions in these cases which is why it's advisable set aside your emotional behaviour while trading.You need to control it which you will learn with experience over time like sometimes it's hard but if you have knowledge and skills then you can handle situations well in comparison to some emotional trader who get excited or panicked easily.
We must learn how to control the emotions that will arise when we trade so that whatever circumstances we experience in trading will not trigger excessive emotions. In addition, by learning to control our emotions, we can calmly analyze the market and find ways to adapt to the moving market. We can also determine what attitude we should take about the market so that we will not rush to enter the market if our analysis is not finished. With increasing trading experience, it helps us to improve our analytical skills and if accompanied by calmness in analysis, it will give different results than before.
That's the goal, but not easy for everyone involved unfortunately. I agree that emotions are a damage to our trading talent and whenever they are involved we get a bit of a trouble in the end, so we should leave them by the door before we go into trading. I get that it is not going to be a big deal that quickly, I know that it is going to take a bit of a time, but when the time comes we are going to learn how to do that slow by slow.

This is why I believe that we shouldn't really be expecting much from newbies because they haven't learned it yet, but for the people who have been around long enough, they should be able to separate emotions and trading.

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March 02, 2023, 09:38:52 PM
 #56

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

One of the qualities of a good trader that we should acquire is the ability to control our emotion. Being too emotional when trading could only lead into wrong decisions. We will just have a hard time focusing if we are on a bad mood or having different emotions so it will be better to trade relaxed. It's fine to feel upset and disappointed if ever we fail but it will be better to rest for a while and trade again when we feel relieved. It's how we handle our emotions that matters.
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March 02, 2023, 09:40:38 PM
 #57

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Emotional control is one of the most important things a good trader requires; if a trader has patience, he can achieve great things including good profit; because crypto trading is one of the riskiest tradings in which one can lose his/her entire wealth in a few seconds with a single mistake, adequate knowledge is required coupled with patience in order to be a successful trader.
It is a must in trading and we make a habit to become strong in whatever happens in the market.
Traders usually fail because they are impatient and most of them think that losing not gonna happen in trading that is why they are very confident about themselves but when the crises come and the price dumps, this gives them a challenge on how to control their emotions and many had quit from it. They let their emotions run over them and make decisions badly.

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March 02, 2023, 09:59:07 PM
 #58

To be successful with your trades I guess the big deal is to learn how to control your emotions which boils down to greed. No matter how good you are with risk management and the right strategy to use in your trades, if you are greedy or if you are a greedy person you will keep loosing.
So if you are day trader and decides that your daily profit is $10 or mid term trader and decides your profit limit should be $100, once you hit that, end ur trade and rest, when you add emotions / greed you will have the urge to cross your limits and might as well loose in the end.
Emotions are being abused while in trading though we cannot fully avoid this one but if you know how to be more responsible and be more focus with your strategy, then that emotion can be your friend. The market sentiment affects the behavior of every trader, if they saw an opportunity to buy they become more greedy up to the extent of not doing their analysis anymore which is a bad practice after all. Trade with a plan, stick to that and adjust accordingly, don’t just trade without having this.
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March 02, 2023, 09:59:56 PM
 #59

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?
Trading isn't only about how to control emotion, you need to have sufficient knowledge and understand the market trend. If you have no knowledge and don't understand the trend change in crypto market, controlling emotions will be nothing/useless. Knowledge is the first thing to have, it is more important than controlling emotion. However, even if you have good knowledge and the ability to control emotions, it still can't guarantee profits. You also need the experience to know an appropriate strategy to use. So, there are many things to have, to optimize the chance of getting profits.



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Oceat
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March 02, 2023, 10:38:43 PM
 #60

If you think it's that easy to trade because you know the basics, think again. You still need experience of how trading works or how most of your strategy will work because if you keep doing what you are doing right now. You will continue to lose because you never learned where you fail to understand. But don't worry it will pay off at the end of the day if you learn everything through failure.

It will take some time to become a master trader but it usually pays off. All you have to do is continue so being persistent is a must but be wary to everything you do because it reflects everything you do now in the future.

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March 02, 2023, 10:55:33 PM
 #61

Knowing the basics of trading is never enough. If a trader has a control of their emotion and also create room for steady upgrade of strategy there is no how  his/her profit won't be greater than the loss. All traders experience losses but what makes a better trader is the ratio of profit to loss.

Knowing when to exit a trade be it in profit or loss is another advantage a good trader will have. Trading is a skill and as a skill perfection and full mastery takes a long process of consistency and dedication. The better one becomes with trading they more they understand they need more room for upgrading. A good trader is a consistent reader.
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March 03, 2023, 01:08:35 AM
 #62

*What else is required for such a person to control,is it still his or her emotions or what next?
Well, it's really important to control our emotions when we trade because it can influence our decision making. But it's not only the basis to succeed as a trader, you need knowledge, plan, strategy, risk management and know how to make your own analysis so you don't have to rely to anyone.

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Learn to improve yourself as a trader and don't be greedy to profit. Set aside your emotion because it's not good to decide base on what you feel. There should be a valid reason for every decision that you'll choose.

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March 03, 2023, 06:06:56 AM
 #63

Once you have accepted that you tend to be emotional, you will go over it and be a better trader. There's no perfect person that always does the right thing and always knows how to control others unless you are a very experienced person.

What is required of the trader is that you know how to deal with the following.
  • Risk management
  • Understanding of the market you are involved in
  • Emotion control

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March 03, 2023, 09:27:07 AM
 #64

If you are trading with emotions then you can face loss as it's hard to make decisions in these cases which is why it's advisable set aside your emotional behaviour while trading.You need to control it which you will learn with experience over time like sometimes it's hard but if you have knowledge and skills then you can handle situations well in comparison to some emotional trader who get excited or panicked easily.
We must learn how to control the emotions that will arise when we trade so that whatever circumstances we experience in trading will not trigger excessive emotions. In addition, by learning to control our emotions, we can calmly analyze the market and find ways to adapt to the moving market. We can also determine what attitude we should take about the market so that we will not rush to enter the market if our analysis is not finished. With increasing trading experience, it helps us to improve our analytical skills and if accompanied by calmness in analysis, it will give different results than before.
That's the goal, but not easy for everyone involved unfortunately. I agree that emotions are a damage to our trading talent and whenever they are involved we get a bit of a trouble in the end, so we should leave them by the door before we go into trading. I get that it is not going to be a big deal that quickly, I know that it is going to take a bit of a time, but when the time comes we are going to learn how to do that slow by slow.

This is why I believe that we shouldn't really be expecting much from newbies because they haven't learned it yet, but for the people who have been around long enough, they should be able to separate emotions and trading.
If we want to learn to control our emotions when trading, we can trade with calm, especially when we want to analyze. Analyzing it really needs calm so that we can see the direction of the line or pattern that is happening on the market and determine what to do. But indeed, controlling emotions requires time and experience so that we can easily control emotions and for that, we must study harder than other people.

Besides that, learning to trade also takes time because there are lots of trading lessons and we won't be able to master them in a short time. It takes hard work and willingness to be able to master every trading lesson and be able to analyze it well. And it deserves to be done by people who are successful in trading.
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March 03, 2023, 10:57:54 AM
 #65

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?
Emotions are one of the factors that ultimately make us lose money when trading, but just being able to control our emotions doesn't mean we are recognized as good traders because basically for trading we have to be able to master all the basic knowledge well, such as being able to make strategies wisely and can make the right decisions about our trades when market movements do not go according to the initial strategy we made when entering the market so as not to lose.

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March 03, 2023, 12:20:00 PM
 #66

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

If your emotions are under control, you can now focus solely on knowledge and improving your strategy to increase your trading winning percentage and find those trades that go your way, much like you can now filter out more of those tempting trades to find a sure one. I know controlling emotions is difficult, and other traders are also learning this because their trading plan isn't working well. But if you are under control, then you can only focus on backtesting your strategy and learning more.
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March 03, 2023, 03:35:41 PM
 #67

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?
Emotions are one of the factors that ultimately make us lose money when trading, but just being able to control our emotions doesn't mean we are recognized as good traders because basically for trading we have to be able to master all the basic knowledge well, such as being able to make strategies wisely and can make the right decisions about our trades when market movements do not go according to the initial strategy we made when entering the market so as not to lose.
a good trader is a trader who can trade in a healthy manner, in the sense that he can control his emotions to reach targets or cut losses. especially with planned money management, trading safely and comfortably. to be able to enjoy trading, of course, it can be done for those who are experienced, so don't trade blindly. profit or loss is something that usually happens and until finally we can trade with the end result profitable and can be done from time to time, because no trader is never wrong and always succeeds in every transaction

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March 04, 2023, 06:53:44 AM
 #68

If your emotions are under control, you can now focus solely on knowledge and improving your strategy to increase your trading winning percentage and find those trades that go your way, much like you can now filter out more of those tempting trades to find a sure one. I know controlling emotions is difficult, and other traders are also learning this because their trading plan isn't working well. But if you are under control, then you can only focus on backtesting your strategy and learning more.
Controlling emotions are difficult to a certain degree, but if after many months of trying, you can't still control your emotions, maybe the problem is not your emotions but who you are as a person. I believe that trading is "easy" in the sense that you could of course make a loss, even the best traders make a loss here and there, but what you need to do is obvious.

If you do what you should be doing, then it's fine to lose sometimes. Learning what you should be doing and how you should be trading is not really that much of a difficult thing, and that is why I believe that we shouldn't be worried about the current situation at all, just focus on everything else.

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March 04, 2023, 07:48:48 AM
 #69

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
I imagine that in trading activities, you don't always experience losses. Emotion is a natural element that we have in doing activities. Actually, we can't control it, but the negative whispers that make emotions sometimes turn into greed in trading.
Another thing that may be needed is the ability to read market conditions and the potential of a coin to be purchased.
For some reason lately I am no longer interested in trading.

R


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March 04, 2023, 11:18:52 AM
 #70

If your emotions are under control, you can now focus solely on knowledge and improving your strategy to increase your trading winning percentage and find those trades that go your way, much like you can now filter out more of those tempting trades to find a sure one. I know controlling emotions is difficult, and other traders are also learning this because their trading plan isn't working well. But if you are under control, then you can only focus on backtesting your strategy and learning more.
Controlling emotions are difficult to a certain degree, but if after many months of trying, you can't still control your emotions, maybe the problem is not your emotions but who you are as a person. I believe that trading is "easy" in the sense that you could of course make a loss, even the best traders make a loss here and there, but what you need to do is obvious.

If you do what you should be doing, then it's fine to lose sometimes. Learning what you should be doing and how you should be trading is not really that much of a difficult thing, and that is why I believe that we shouldn't be worried about the current situation at all, just focus on everything else.
Losing from trading has no exemptions because even those pro traders had also experienced this. Controlling our emotions is not hard actually, because as long as we wanted to change and are able to see positive results we dare to do it no matter what. But if we don't mind correcting our mistakes and letting our emotions control us, there is no way we can make it right. In this case, I suggest that we must let go of trading and forget about it because it makes no sense actually if we keep on trading while carrying emotions as the results remain - losses.

R


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March 04, 2023, 03:59:12 PM
 #71


*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

It is not about emotional control only. Controlling one's emotions in trading is secondary. There are first things first that you need to do before saying about emotional control and those things are;
  •   You must learn and understand how to trade. This is because emotions do not trade. You must understand the movement of the chart before you talk about emotion control.
  • You should be able to understand when to trade and when not to trade. When to pause a particular trade and when to continue.  Apart from emotion control, timing is of great essence
  • The patience and risk management can come to play because these two are important for a trader.

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March 04, 2023, 04:31:37 PM
 #72

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Controlling emotions will lead you to take right decisions so if you managed to control it then applying the required strategy is important and if it is not is going in the way you wanted then try to pull back and be patient until you feel the right time arrives.

Making profits is the ultimate goal of a trader so keep looking for it at every situation and when you see it don't hesitate to grab it or you may regret about it later.









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March 04, 2023, 07:18:44 PM
 #73

Emotion, fear, greed, strategies, risk management, how to trade basics. You need all under control in order to become a good trader. But emotion control in the first thing to learn after you enter the trading.
All the things mention above needs to be done as well. Because without one, you can't fill the others. There has to be a balance between all of them. There are lots of other things to discuss as well, but as a beginner, you can start from this and learn your way as you go.
As a trader, you should always be willing to learn and adapt. The market is constantly changing, and what works today may not work tomorrow. By staying informed and by continuing to learning, you can improve your chances of success over the long run.
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March 04, 2023, 08:09:40 PM
 #74

Well am using the idea of my previous app Deriv go in this trading app most times get to try the tambling trade but fails so many times and I guess I will say emotional state is not really necessary because of the way the candles stick are been cut down and zoom up again without you noticing when it it go either up or down, so in such trade what should your emotions do then and after.
Did you create that trading application? And maybe it asks you some questions depending on your mood and then give you a trading style after. Still, trading based on emotion is a bad idea. It was like where are playing a gambling if we do this. Now I don't wonder anymore on why your app has that "tambling trade" thing/term. It's my first time to hear such term in a trading application but maybe what they are trying to imply there is "gambling".

A much better way to trade is still when we analyze the market or the charts carefully. We can also read the news and take note of what event is coming up as they could surely affect the market.

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March 04, 2023, 08:59:40 PM
 #75

As for the type of trader who struggles to make a profit despite having their emotions under control and basic trading skills, they could be called an unprofitable trader. My advice to such a person would be to seek out additional education and training in trading, work with a mentor or coach, and continue to refine their trading approach until they find a strategy that works for them. It's important to remember that trading is a learning process, and there will always be ups and downs along the way.
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March 04, 2023, 09:37:08 PM
 #76

As for the type of trader who struggles to make a profit despite having their emotions under control and basic trading skills, they could be called an unprofitable trader. My advice to such a person would be to seek out additional education and training in trading, work with a mentor or coach, and continue to refine their trading approach until they find a strategy that works for them. It's important to remember that trading is a learning process, and there will always be ups and downs along the way.
^ That is it, it is important to acknowledge that emotions and basic trading skills are just a small piece of the puzzle when it comes to profitable trading. There are many other factors that can contribute to success, including market knowledge, risk management, and discipline. Continuously learning and expanding one's knowledge is crucial for staying up to date with the latest trends and strategies in the market. Working with a mentor or coach can also provide valuable insights and guidance, helping traders to identify their strengths and weaknesses and develop a personalized trading plan. Because for me, there will inevitably be setbacks and losses along the way, but with persistence and dedication, traders can refine their approach and find a strategy that works for them. It takes time and effort, but the rewards of successful trading are well worth it.
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March 04, 2023, 09:48:32 PM
 #77

As for the type of trader who struggles to make a profit despite having their emotions under control and basic trading skills, they could be called an unprofitable trader. My advice to such a person would be to seek out additional education and training in trading, work with a mentor or coach, and continue to refine their trading approach until they find a strategy that works for them. It's important to remember that trading is a learning process, and there will always be ups and downs along the way.
It is really that understandable because even if you do able to control up your emotions but still it wont really be that a guarantee that you would really be able to have that positive result towards trading.

Although it wont really be that assurance because there are really that still other factors which are needed not only emotion handling could really result up into positive.
This is why it would really be that involving that trial and error which would be commonly the path you would be taking because there's no other choice you would really be able
to do if you do want to sustain up then you should really need to adjust no matter what.This isnt something simple that you could really deal with. Lots of things you do need to consider out.

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March 04, 2023, 09:59:10 PM
 #78

While emotional control is great, you can have top-tier emotional control over your trades but in the end you're still a bad a trader if you don't know how to trade in the first place.
Exactly. You can be a good trader if you can manage to control your own emotions when trading, but controlling emotions alone will never guarantee the success of trading. You have to know and understand how to be successful in trading, and that will only be achieved if you have the knowledge and experience, developed skills and working strategies, and of course emotions control when you start trading.

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March 04, 2023, 11:36:22 PM
 #79

While emotional control is great, you can have top-tier emotional control over your trades but in the end you're still a bad a trader if you don't know how to trade in the first place.
Exactly. You can be a good trader if you can manage to control your own emotions when trading, but controlling emotions alone will never guarantee the success of trading. You have to know and understand how to be successful in trading, and that will only be achieved if you have the knowledge and experience, developed skills and working strategies, and of course emotions control when you start trading.
In short you have to learn more about trading and its not just about simple buy and sell, you have to understand how your emotion works and know the technical analysis as well. Trading is a very hard job that everyone should take seriously especially if you are already trading with your hard earned money. With negative emotions towards trading, you are putting yourself at a bigger risk, know how to control it and proceed to the next step which is to learn more about the market.
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March 05, 2023, 04:55:07 AM
 #80

While emotional control is great, you can have top-tier emotional control over your trades but in the end you're still a bad a trader if you don't know how to trade in the first place.
Exactly. You can be a good trader if you can manage to control your own emotions when trading, but controlling emotions alone will never guarantee the success of trading. You have to know and understand how to be successful in trading, and that will only be achieved if you have the knowledge and experience, developed skills and working strategies, and of course emotions control when you start trading.
In short you have to learn more about trading and its not just about simple buy and sell, you have to understand how your emotion works and know the technical analysis as well. Trading is a very hard job that everyone should take seriously especially if you are already trading with your hard earned money. With negative emotions towards trading, you are putting yourself at a bigger risk, know how to control it and proceed to the next step which is to learn more about the market.
And having emotional control and good trading methods can help us make profits. Even though it may seem difficult at first, we still have to try it because as the experience we gain in trading, it will improve our skills and abilities so that our way of trading will get better.

And remember that becoming a pro trader takes time and it's not easy but when we can become a pro trader, we will also enjoy the results. So keep learning to trade well and don't give up.

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March 05, 2023, 03:32:33 PM
 #81

The first piece of advice is to take a break from trading. Perhaps it is too upsetting and irritating to watch losing transactions all the time.
then when it's ready, I believe folks that go through that need some further trading knowledge. Everything, including knowledge and abilities that can always be improved, is constantly growing.
I believe it's best to cease trading and try to invest if he feels he is still experiencing losses despite all the efforts that have been done. Some people are not suited for trading yet are extremely successful investors.
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March 05, 2023, 05:26:17 PM
 #82

The term trading is short but its boundaries are endless. There is no way to call it easy. You cannot become a successful trader by simply buying and selling. For this one has to acquire proper knowledge. A trader must think deeply about a few things in particular. Risk factors, greediness and emotion control. Most of the traders are losing their money even after making good profits due to lack of emotion control. Moreover, controlling greed is another big reason for success in trading. Those who can manage trading with a good understanding of these issues are expected to be successful.

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March 05, 2023, 06:11:15 PM
 #83

I guess for someone to call him or her self a trader you need to control your emotions right,
Nope. That's not how it should be viewed. For someone to call himself a trader he must be seen to have traded, made profit from that and then be able to withdraw and spend it in real life. That's the way I judge it. No one should term himself a trader if he hasn't been able to achieve all that.

Quote
*What else is required for such a person to control,is it still his or her emotions or what next?
We can't jettison the importance of emotional control when it comes to trading. However, that's not all there's to trading. Learn the set skills for trading first. Add a mastery of money management and risk evaluation to it. Then bring in emotional control and you will have a perfect setup.

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March 05, 2023, 07:11:43 PM
 #84

Everything from acquiring knowledge of trading to taking trades and closing trades falls within emotions. However, I think that no matter how experienced or good a trader is, the primary responsibility is to control emotions. If they could not control emotions, they would not be in this position today. I remember during the Luna incident when the price of Luna came down to a few cents, me and my friends couldn't control our emotions and invested huge sums of money and had huge burdens.


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March 05, 2023, 08:00:27 PM
 #85

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

Do you know what guide a trader after emotion control? it is a risk management, there is nothing in trading that is self fulfiling like when you prepare for risk in your trade, it helps you easily accept the outcome of your trades either profit or loss but most traders do fail to take that aspect into consideration before their trading journey. Another advice I have for new traders is that they should not take or accept signal from strangers, they are mostly misleading and do the opposite of what you may expect, nothing is assured in trading until you see the outcome.

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March 07, 2023, 12:21:31 AM
 #86

I think all we have said about emotions to trading is a very good one so I guess I will say emotions should be dealt with before trading as a beginner and I prays it help some of the beginners that has love for trading.

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March 07, 2023, 10:04:49 AM
 #87

Everything from acquiring knowledge of trading to taking trades and closing trades falls within emotions. However, I think that no matter how experienced or good a trader is, the primary responsibility is to control emotions. If they could not control emotions, they would not be in this position today. I remember during the Luna incident when the price of Luna came down to a few cents, me and my friends couldn't control our emotions and invested huge sums of money and had huge burdens.

Basic market knowledge is necessary, but you shouldn't rush or force your decision because the market is highly volatile. It doesn't matter if the crowd is investing in a project that you believe will fail and the crowd is betting that it will succeed because they believe it will be solid; you leave it. I never once risk my money in trading because of my emotions. Leave the trends behind and pay attention to price movements instead; this helps to cut down on market losses significantly. About Luna, it was really a huge loss for investors and holders, but I got enormous gains from it with appropriate timing on Terra Luna, but some of my friends made it out with profits while others recorded losses.

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March 07, 2023, 11:43:44 AM
 #88

The term trading is short but its boundaries are endless. There is no way to call it easy. You cannot become a successful trader by simply buying and selling. For this one has to acquire proper knowledge. A trader must think deeply about a few things in particular. Risk factors, greediness and emotion control. Most of the traders are losing their money even after making good profits due to lack of emotion control. Moreover, controlling greed is another big reason for success in trading. Those who can manage trading with a good understanding of these issues are expected to be successful.
And definitely agree with that. A thing that we don't need to underestimate trading because there are a lot of factors that could affect our trades and even cause losses. I don't say we need to become emotionless but at least we have to control it once needed. Greed and being emotional, it is quite normal to us but we at least know our limitations as well and also we know how to differentiate between what is right and what is wrong. And the best thing to do is to seek advice from other traders when a crisis comes and ask for some opinions.

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March 07, 2023, 02:02:06 PM
 #89

Quote
I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?
Trading is a place where the market is always going up and down.Often traders do not exit the market when they are in profit and think of more profit which leads to them going into loss.This is the rule of trading Whenever you get a profit in trading, you should book the profit immediately because if you don't book the profit, the market will book your profit itself.And traders who do not book profits from the market despite being in profit, you can call them greedy traders.Such traders should not trade with all their capital but should keep half of their capital to buy more in case of loss.And minimize their loss limit.

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March 07, 2023, 04:22:17 PM
 #90

it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.

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March 07, 2023, 09:56:56 PM
 #91

it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.
feel that what has been done is carelessness and immediately want to fix it so that they can return the funds that have been lost, of course this can make the actions taken can make the situation more difficult. because every thing that will be done should also be calculated carefully and full of calculations. sometimes it's true that the emotion of losing because of carelessness will repeat the same thing again. but if you want to calm down first and correct it then there will be a way out.

You are very lucky to have experienced this, of course it will make you understand a situation like that better and will not do it again.
the experience that has been carried out will actually bring each individual to continue to improve themselves so that this does not happen again so that they can carry themselves more wisely and not be emotional.

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March 08, 2023, 02:33:43 AM
 #92

it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.
I have seen a lot of people who lose money by trading, they often get hotheaded, when they want to trade again, they lose all their money. Or they face a lot of problems, so when they trade and lose, they cool down.  You have to prepare to trade again in time. If you trade with wrong decision, then you will never be able to profit. If you keep a cool head and then trade, you will be able to profit, otherwise you will lose money.

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March 08, 2023, 05:20:51 AM
 #93

it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.
It is crucial to be very honest about what can be expected out of our results as traders, since there is not a single trader out there which has not experimented big losses when they trade.

However those that knew from the get go this could happen can accept it, move on and when they open a new position they have simply forgot about what happened already, but a bad trader does not forget, and instead they try to get back the money they have lost, an attitude that exposes them to great danger as it likely they will open trades when the conditions are not there to make any profits and their losses as a result of this attitude will increase even further.

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March 08, 2023, 06:50:45 AM
 #94

it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.




Is there any order way someone can have it trade with out lost and emotional struggle, because having dealt with your most people do make it too out of trade and never thought that emotion can even be for harm to there trade. I want to know if emotions can cause more of harm to our daily trading. Because I have spent my time trying to control everything about my emotions and still getting thing upsidedown why is it so?

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March 08, 2023, 08:45:38 AM
 #95

it's the hardest thing to control emotions when you lose and try to get back the money that has been lost, then you will lose more.
I have been in this position and it is very difficult to control it.
but maybe more experience can make us a better trader.




Is there any order way someone can have it trade with out lost and emotional struggle, because having dealt with your most people do make it too out of trade and never thought that emotion can even be for harm to there trade. I want to know if emotions can cause more of harm to our daily trading. Because I have spent my time trying to control everything about my emotions and still getting thing upsidedown why is it so?

I have never seen anyone trade without losing, professional traders have experienced thousands of losses before becoming professional traders. The best way I know is to experience the market for as long as possible, the longer you trade, the more lessons you learn and build your own skills. You cannot become a professional trader without losing. Trading is a lot more complicated than holding, even it can take you a few years to say no to profit just to gain experience, it is not as simple as many think. If you notice, the losers in the market are mostly traders, and very few long-term holders lose.

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March 08, 2023, 10:00:50 AM
 #96

While emotional control is great, you can have top-tier emotional control over your trades but in the end you're still a bad a trader if you don't know how to trade in the first place.
Precisely. Emotional control is just one of those factors that could contribute to the success of trading. Even if you are able to manage your emotions, but the fact that trading is not meant for you, then you can’t be successful and become profitable in trading. That’s why a lot would want to trade for profits, but the moment they endure consistent losses, they end up quitting rather than learning and pursuing their trades.
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March 08, 2023, 11:47:05 AM
 #97

While emotional control is great, you can have top-tier emotional control over your trades but in the end you're still a bad a trader if you don't know how to trade in the first place.
Precisely. Emotional control is just one of those factors that could contribute to the success of trading. Even if you are able to manage your emotions, but the fact that trading is not meant for you, then you can’t be successful and become profitable in trading. That’s why a lot would want to trade for profits, but the moment they endure consistent losses, they end up quitting rather than learning and pursuing their trades.

That is exactly what others thought, that trading is simple, like buying low and selling high, but it is not. That is why others just join in on the hype in trading because they thought it was easy, and when they see it and try it, they will quit. Also, others will try to hastily learn, like they want to finish the tutorial in just one night, and they will then try to trade with real balance and end up losing. Trading is not for all , it is only for those patient , consistent and have determination which means those who are just after profit and not into learning for sure they will quit. 
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March 08, 2023, 04:28:47 PM
 #98

While emotional control is great, you can have top-tier emotional control over your trades but in the end you're still a bad a trader if you don't know how to trade in the first place.
Precisely. Emotional control is just one of those factors that could contribute to the success of trading. Even if you are able to manage your emotions, but the fact that trading is not meant for you, then you can’t be successful and become profitable in trading. That’s why a lot would want to trade for profits, but the moment they endure consistent losses, they end up quitting rather than learning and pursuing their trades.
Emotions are indeed one of the determinants of trading success, but emotions are a key factor that must be controlled considering that they hold the largest percentage in determining trading success, I think around 70%, the remaining 20% money management and 10% technical. therefore for those who fail consistently and finally choose to get out of trading, then their psychology has given up because of a bad experience

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March 08, 2023, 04:39:03 PM
 #99

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
A working trading strategy is needed to remain as a trader if the previous strategy is on a consistent losing streaks or needed some modifications although there isn't any perfect trading strategy, the person should trade with some small of fund to test the preferred and modified strategy untill consistent in earning profit alternatively I would have prefer demo or stimulation of trade to perfect it but demo trading is different from Live trading, though some traders eventually started earning profit consistently after ensuring lot of losses after quitting to learn and acquire more knowledge and skills.

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March 08, 2023, 06:03:19 PM
 #100

Emotions can strongly influence cryptocurrency trading decisions due to the volatile and unpredictable nature of the market. Managing emotions and making rational decisions based on market analysis and risk management strategies is crucial for successful cryptocurrency trading.
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March 08, 2023, 07:20:12 PM
 #101

That is exactly what others thought, that trading is simple, like buying low and selling high, but it is not.
Even buying low and selling high isn't simple. It's only simple having to say it as a word of mouth but, when it comes to doing some actual investment as per buying low, most times we tend to speculate that, there would be yet another low or the dip haven't been reached yet. More so, the market is always that tricky, such that it seems your funds been put in the market was what it was wating for to drop some more and when it does, you find people wanting out. That's for those who managed to invest while others would keep waiting on the sideline until the market goes up again and don't get to dip no more for a long time.

Trading being the worst of it all as, you could be left clueless if your level of understanding about the market isn't top notch and your analysis don't yield results that could be trusting to the market.

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March 08, 2023, 10:57:50 PM
 #102

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
If you are good in controlling your emotions and yet you still lose in your trades, then there must be something wrong on how you trade. Or you really don’t how to make a successful trade in the first place, and you keep on using strategies that are no longer working, that’s why you end up trading losing most often. If this is the case, then better shape up your trading knowledge and skills, and if you can’t still succeed in making your trades profitable, then maybe trading is not meant for you.

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March 09, 2023, 02:49:09 AM
 #103

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

I guess if you can control your emotions and keep yourself calm in any situation which is good, then it gives you a good effect to have a wise decision to have a good call in trading. Then if you still loss a lot in trading or investing despite the fact that you can control your emotions? Maybe you lack a good timing and knowledge, you're already composed so there's something ain't right when you are trading. I myself can say that I might can't control sometimes my emotions especially when trading, but can still keep up since I know what I'm doing.
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March 09, 2023, 03:18:29 AM
 #104

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

I guess if you can control your emotions and keep yourself calm in any situation which is good, then it gives you a good effect to have a wise decision to have a good call in trading. Then if you still loss a lot in trading or investing despite the fact that you can control your emotions? Maybe you lack a good timing and knowledge, you're already composed so there's something ain't right when you are trading. I myself can say that I might can't control sometimes my emotions especially when trading, but can still keep up since I know what I'm doing.

Losses are really part of trading, but those losses have reasons behind them, one of which is that you haven't controlled your emotions, so you trigger the trade even if your confirmation is not yet confirmed, which is why controlling your emotions is best, like having patience and not hastily triggering the trade, as well as being greedy, which leads to losses and mostly chasing back your losses, which means you trade beyond your capacity. If you have already strategy in trading your mostly enemy is your emotions which really needs to practice to control also.
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March 09, 2023, 06:11:14 PM
 #105

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Yes, emotions has an impact on trading but doesn't mean controlling it will result winning on your trades. You should know the basics of trading and creating your own strategy. Controlling your emotions and having a good strategy is a good plan when going to a trade and accepting the fact that market is volatile, you may loss or win but that is why taking risk and still having a calm mind is a good combo. Don't worry in losing when you are just starting because it is always part of the journey. You won't learn if you don't lose.
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March 13, 2023, 08:38:34 AM
Merited by CryptSafe (4), Onyeeze (1)
 #106

I want to say a big thank you to you all for the help you rendered to me thanks once again,I went and tried on my trading and i observed alot of what you people were all saying about emotions and I fine out that emotion can. Occur through many way which you don't know, it can come in a way of fear and many more others tht I can't mention right now, it really help when you take your time to study something not only for profit and loss but for everything that you need to know about it. I have been trading for a long time now I mean for like a year and some month but never found out somethings am doing and seeing now, I will really love to say this to all beginners do well to learn everything about what ever you want to get involved in before involving in and also so know how to treat your emotions about what ever you are doing so that you will not be lost.

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March 13, 2023, 07:47:57 PM
 #107

Emotions when trading are quite dangerous. For example, you can make a good profit during the day and, succumbing to a second emotional impulse, lose everything in an instant. I've had that happen to me. That's why as soon as I feel that my emotions are getting the better of me I make a willful effort to turn off the computer.
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March 13, 2023, 07:55:13 PM
 #108

Emotions when trading are quite dangerous. For example, you can make a good profit during the day and, succumbing to a second emotional impulse, lose everything in an instant. I've had that happen to me. That's why as soon as I feel that my emotions are getting the better of me I make a willful effort to turn off the computer.
Even not on trading on which emotions could really be resulting into bad decisions just because you cant really think up clearly and well on that time that you are enveloped with such emotions.

This is why on the time that you are trading then you should really be have that good control of it because if not then it would really just stir you up and wont be able to think up well
specially on the things that you are currently or recently in.

This is why having more experience does really give out that kind of learning which would be enhancing out your emotions which would really be helpful into your career path.
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March 13, 2023, 08:16:41 PM
 #109

A trader besides having to be able to manage their emotions, they also have to be able to master their financial management. and also must master the supporting factors that move the price in the market. such as market sentiment and news about the economy which every week always have their respective updates in each field. and this always affects the market price. The point is fundamental analysis is needed to predict the sentimental market in the future. so that it can be said that emotional control alone is not enough if it is not accompanied by mastery of fundamental and sentimental analysis. technical analysis and emotional management are basic. but fundamental and sentimental are the next things that must be mastered to become a trader. and I'm still exploring this.

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March 14, 2023, 09:57:54 PM
 #110

I guess for someone to call him or her self a trader you need to control your emotions right,
Nope. That's not how it should be viewed. For someone to call himself a trader he must be seen to have traded, made profit from that and then be able to withdraw and spend it in real life. That's the way I judge it. No one should term himself a trader if he hasn't been able to achieve all that.

Quote
*What else is required for such a person to control,is it still his or her emotions or what next?
We can't jettison the importance of emotional control when it comes to trading. However, that's not all there's to trading. Learn the set skills for trading first. Add a mastery of money management and risk evaluation to it. Then bring in emotional control and you will have a perfect setup.
Even when you’re good in emotional control and yet you fail in becoming a good trader in the first place, then you will still not succeed as a trader. Being a trader means you have to be well-rounded, you have good working strategies, you have the skills of a good trader, and you know how to manage your losses and emotions as being a trader itself would always have inevitable losses even if he has been trading for long in the market. Trading is really hard, that’s why we should learn the most of it.

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March 15, 2023, 07:39:12 AM
 #111

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Emotion can play a significant role in trading, particularly when it comes to investing in volatile assets like cryptocurrencies. Many traders are driven by emotions such as fear, greed, and FOMO (fear of missing out), which can lead them to make impulsive or irrational decisions.

For example, if the price of a cryptocurrency suddenly drops, some traders may panic and sell their holdings out of fear of losing more money. On the other hand, if the price is rapidly rising, traders may become greedy and buy in at the top of the market, only to see the price drop soon after.

Emotions can also lead to overtrading, where traders make too many transactions in a short period of time, potentially incurring significant transaction fees and losses due to volatility.

To be successful in trading, it's important to have a solid trading strategy and to keep emotions in check. This can be achieved through disciplined risk management, setting clear entry and exit points, and avoiding impulsive decisions based on emotions. Additionally, taking breaks from trading and practicing mindfulness techniques can help manage emotions and promote a more balanced approach to trading

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March 15, 2023, 09:56:42 AM
 #112

Once you have accepted that you tend to be emotional, you will go over it and be a better trader. There's no perfect person that always does the right thing and always knows how to control others unless you are a very experienced person.

What is required of the trader is that you know how to deal with the following.
  • Risk management
  • Understanding of the market you are involved in
  • Emotion control
the three points you mentioned are a must have for someone who wants to become a reliable trader. But most people have the most difficulty controlling their emotions. even though emotional control plays an important role in decision making in trading. One more thing that must be mastered in the activities of a trader is mastering sentimental analysis of the market. because after all market sentiment is something that deserves attention.

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April 19, 2023, 06:35:39 PM
 #113

For trading just controlling emotions is not necessary but there are also lots of other rules which should be learn for the greater profit. If you don't know about trading and about its rudiment then controlling emotions doesn't matters.
Learning about trading is the foremost option and then imitations of trading will be risk free. If a person has complete control on his emotions then he can do any decisions with patience  and his decision will always be true and profitable.

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April 19, 2023, 09:05:55 PM
 #114

Traders should not allow their emotions to rule their trade.Because the panic cause by the dump in the price all the time make the trader to sell at panic selling.You should read the old trading principles of the legend traders,they will mention of avoiding panic selling is important one for being trader.The second part is holding till the desired results come from the investment.We are trading with real money,So emotions play huge role in the dump in the price.So at that you should stay positive by checking the old chart of the coin you had invested.The longer holding will gives you huge profits from the investment.

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carlfebz2
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April 19, 2023, 09:24:48 PM
 #115

Traders should not allow their emotions to rule their trade.Because the panic cause by the dump in the price all the time make the trader to sell at panic selling.You should read the old trading principles of the legend traders,they will mention of avoiding panic selling is important one for being trader.The second part is holding till the desired results come from the investment.We are trading with real money,So emotions play huge role in the dump in the price.So at that you should stay positive by checking the old chart of the coin you had invested.The longer holding will gives you huge profits from the investment.
When you are really that a person whose that impulsive then you would definitely be having these kind of actions or reactions which is something that you would really be doing whenever  you do see the prices

didnt really go on what you had predicted.Yes, it is really just that normal since we are just humans on which we are really that having the emotion because no one really likes on losing money which
it is really just that understandable that these reactions would really happen but on the time that you would really be having that sufficient experience then
you would really be having the idea on what you should gonna do.
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April 20, 2023, 10:00:22 PM
Merited by fillippone (1)
 #116

*What else is required for such a person to control,is it still his or her emotions or what next?
I think the basic thing in the world of traders is controlling emotions, only one of these aspects is very important of successful trading. A successful trader must also have adequate knowledge of the cryptocurrency market, as well as have a good plan, strategy and risk management. You must also have a good understanding of the cryptocurrency market and keep abreast of the latest trends in the market. It is also very important to be able to do market analysis yourself, including fundamental and technical analysis, to find good trading opportunities.

Quote
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
learning to constantly improve yourself as a trader is very important. avoiding greed and other emotions is the key to success in cryptocurrency trading. When traders are too greedy, they may take unnecessary risks or enter trades that don't suit their strategy. There are always risks in the cryptocurrency market, so traders should always manage risk well and not get too crazy about making big profits in a short time.

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nurilham
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April 21, 2023, 01:34:42 AM
 #117

Emotions when trading are quite dangerous. For example, you can make a good profit during the day and, succumbing to a second emotional impulse, lose everything in an instant. I've had that happen to me. That's why as soon as I feel that my emotions are getting the better of me I make a willful effort to turn off the computer.
Better to stop trading if we are emotion, it is not a proper situation to trade. I personally need to have a calm mind whenever I want to trade. Emotion may lead us to do something carelessly. It is too risky, trading isn't a safe place for emotional person. So, it is the right way that you turn of the computer whenver you feel emotionally.

This is why having more experience does really give out that kind of learning which would be enhancing out your emotions which would really be helpful into your career path.
Indeed. Experience makes us to have a better emotion management. Experienced traders/investors know well how to deal with their emotions when they are in profits or losses. It is important to have a good management for emotions, so we can still realistically at any situation.


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tazmantasik
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April 21, 2023, 02:04:59 AM
 #118

Better to stop trading if we are emotion, it is not a proper situation to trade. I personally need to have a calm mind whenever I want to trade. Emotion may lead us to do something carelessly. It is too risky, trading isn't a safe place for emotional person. So, it is the right way that you turn of the computer whenver you feel emotionally.
I think good ideas better to stop trading awhile when loss controlling emotion, some people can't controlling their emotion on loss position trading and keep try for entry without right research or analyze which one worth coins for trading. Ever in this position and loss emotion controlling give impact get loss for next entry. Better don't push our self in emotion when getting loss in trading and keep calm awhile waiting right time for back to trading. Its make the second mistake when losing controlling emotion but keep push for entry or trading when our minds full by emotion.



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April 21, 2023, 02:11:25 AM
 #119

For trading just controlling emotions is not necessary but there are also lots of other rules which should be learn for the greater profit. If you don't know about trading and about its rudiment then controlling emotions doesn't matters.
Learning about trading is the foremost option and then imitations of trading will be risk free. If a person has complete control on his emotions then he can do any decisions with patience  and his decision will always be true and profitable.

Just imagine you have already established a trading strategy which you need to have that signal first before triggering a trade but because you are too greedy and doesn't have patience in the first step of your strategy as youve seen that it is overbought you already place a trade but turns out it is a false signal then you lose. Controlling emotions is very important the same with your strategy
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April 21, 2023, 03:30:59 AM
 #120

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

Good emotional control alone will not be enough to make a trader avoid losses. The strategic factors that are carried out also greatly affect the outcome of a trader's decision.
a professional trader does not appear overnight, it takes experience - perseverance - also repeated failures to order the skills and instincts of a trader to become more accurate.
try to make a good trading strategy, set a plan for when to enter or exit the market, continue to deepen technical knowledge, and also don't forget fundamental knowledge. once again traders who never lose only exist in fairy tales.



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April 21, 2023, 07:45:06 AM
 #121

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

Good emotional control alone will not be enough to make a trader avoid losses. The strategic factors that are carried out also greatly affect the outcome of a trader's decision.
a professional trader does not appear overnight, it takes experience - perseverance - also repeated failures to order the skills and instincts of a trader to become more accurate.
try to make a good trading strategy, set a plan for when to enter or exit the market, continue to deepen technical knowledge, and also don't forget fundamental knowledge. once again traders who never lose only exist in fairy tales.
It is not about emotional control it is about being aware to your emotions and why you're feeling it. There are times that you feel supreme confidence that can lead to superman syndrome which means that you think you know everything and it can lead you to losses because your ego is controlling you. It is a situation that you should be aware to what you felt, there are also time that you will feel panicking because it is signaling you that there is something that you don't yet that's why you are feeling uncertain and hesitant. There are positive attitudes that we should acquire if we want to have positive emotions always that cannot lead us to have superman syndrome or the feeling of 100% sure win and it cannot also lead us to negative emotions such as panicking, regret, hatred and sadness.

If we are aware on this then it can help us to have a good trading performance, you can also trace back your attitude and why you have that kind of attitude whenever you are trading. Remember that controlling emotion is one of the crucial part in investing and trading cryptocurrency. It will takes months or even years for you to fully master it so you should be aware that it is really hard and make sure to have patience as well.
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April 21, 2023, 10:09:31 AM
 #122

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

Good emotional control alone will not be enough to make a trader avoid losses. The strategic factors that are carried out also greatly affect the outcome of a trader's decision.
a professional trader does not appear overnight, it takes experience - perseverance - also repeated failures to order the skills and instincts of a trader to become more accurate.
try to make a good trading strategy, set a plan for when to enter or exit the market, continue to deepen technical knowledge, and also don't forget fundamental knowledge. once again traders who never lose only exist in fairy tales.
It is not about emotional control it is about being aware to your emotions and why you're feeling it. There are times that you feel supreme confidence that can lead to superman syndrome which means that you think you know everything and it can lead you to losses because your ego is controlling you. It is a situation that you should be aware to what you felt, there are also time that you will feel panicking because it is signaling you that there is something that you don't yet that's why you are feeling uncertain and hesitant. There are positive attitudes that we should acquire if we want to have positive emotions always that cannot lead us to have superman syndrome or the feeling of 100% sure win and it cannot also lead us to negative emotions such as panicking, regret, hatred and sadness.

If we are aware on this then it can help us to have a good trading performance, you can also trace back your attitude and why you have that kind of attitude whenever you are trading. Remember that controlling emotion is one of the crucial part in investing and trading cryptocurrency. It will takes months or even years for you to fully master it so you should be aware that it is really hard and make sure to have patience as well.
Ah, emotions. They're that uninvited guest who crashes the party and leaves chaos in their wake. Sure, they bring some fun, but usually, they're troublemakers. But hey! I present the revolutionary "I Don't Care" technique to conquer your emotions once and for all. As simple as it sounds!

Here's the deal: when panic or overconfidence strikes, chant "I don't care" like a mantra. Magically, your brain heeds the call and emotions vanish! But there's a teensy weensy catch: it's utter balderdash. Ignoring emotions doesn't banish them. They're the persistent stain on your fave shirt – ignoring it won't help. Rather than suppressing emotions, comprehend them. Reflect on the root cause and leverage that insight for wiser choices. Not a breeze, but more effective than feigning indifference!
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April 21, 2023, 01:47:56 PM
 #123

...
If we are aware on this then it can help us to have a good trading performance, you can also trace back your attitude and why you have that kind of attitude whenever you are trading. Remember that controlling emotion is one of the crucial part in investing and trading cryptocurrency. It will takes months or even years for you to fully master it so you should be aware that it is really hard and make sure to have patience as well.
Ah, emotions. They're that uninvited guest who crashes the party and leaves chaos in their wake. Sure, they bring some fun, but usually, they're troublemakers. But hey! I present the revolutionary "I Don't Care" technique to conquer your emotions once and for all. As simple as it sounds!

Here's the deal: when panic or overconfidence strikes, chant "I don't care" like a mantra. Magically, your brain heeds the call and emotions vanish! But there's a teensy weensy catch: it's utter balderdash. Ignoring emotions doesn't banish them. They're the persistent stain on your fave shirt – ignoring it won't help. Rather than suppressing emotions, comprehend them. Reflect on the root cause and leverage that insight for wiser choices. Not a breeze, but more effective than feigning indifference!

so we can distinguish between professional traders and those who are still beginners or intermediate. a fairly good trader has the following percentage of decision making > 40% technical analysis 35% fundamental 25% emotion (because a trader is a human being, emotions will definitely keep appearing and disturbing).

if emotions are higher than skill in trading then it can be called gambling (because the decisions that occur when gambling are only based on emotions or assumption), I personally do not agree with the use of excessive emotions when trading.



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April 21, 2023, 02:48:43 PM
 #124

There are many places to express emotions. Trading can never be a place to express emotions. Always use conscience and intelligence. Emotional trading can lead to serious financial losses. Such persons should never engage in business or trading until such persons are able to control their emotions.  Because life will never run with emotions. 

For example, you are involved in a business where you and another business person go to the same place to buy a product. If you and another person traveling with you bid the same price for the product.  But at one time you insisted on the other person and decided to buy the product at a higher price than the other person. Is the decision to buy at that high price good for you? This is emotion. You should never make decisions based on emotions. 

So always keep one thing in mind that one should never make emotional decisions in business or trading related matters
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April 21, 2023, 03:03:03 PM
 #125

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?


Before you start trading there are two things that you need to do and you need to master these things before you even consider using real money to trade.

First is you need to develop your self control and your self discipline. If you do not have discipline you will always trade on emotion and you will definitely lose your money by doing so.

Secondly you need to learn the basics of trading, learn how to research, read charts and candles and develop your own trading strategies and stick to them. To do this you need the first part (discipline).

Do not start off practicing trading on real exchanges with real money. There are test exchanges with fake money. Start there first.

This all sounds way easier than it really is. It took me years to develop any kind of discipline and it has cost me a lot of money. I do not recommend going down the same road as me. Now I trade somewhat successfully for a (BTC) profit but I wish I took my time to learn first.

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April 21, 2023, 04:37:52 PM
 #126

The key to emotional control is strategy.
I view traders who lose control as lacking in strategy. Alternately, they may have had a plan but abandoned it.
Having a trading strategy and taking action on it can help you avoid making decisions on the spur of the moment that are motivated by FUD or another factor.

Check it out: those with emotional control have well-thought-out analyses, exit strategies from markets, and plans for how to handle risk effectively.

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April 21, 2023, 05:35:53 PM
 #127

The key to emotional control is strategy.
I view traders who lose control as lacking in strategy. Alternately, they may have had a plan but abandoned it.
Having a trading strategy and taking action on it can help you avoid making decisions on the spur of the moment that are motivated by FUD or another factor.

Check it out: those with emotional control have well-thought-out analyses, exit strategies from markets, and plans for how to handle risk effectively.
When we talk about strategies that helps in making one to be successful in trading , so many people underestimate emotions.  Emotions is a trading strategy to make trade successful,  with all the strategy of trading without the emotion strategy trading can never come out good as expected. It is better to stop trading than to trade with emotion   that may  have negative result by the end of the trade. Emotions  in trading matters so much that traders needs to consider always.

R


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April 21, 2023, 06:46:22 PM
 #128

One cannot originates emotions but it's natural and the successful trader are those who have put control on his emotions because its a big enemy which play an important role in a person's failure. One can control his emotions with investment but trading is that technology in which keep emotions in control is very hard but if a person predict that how important is it then he will really do his best to attain good outcomes.









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April 21, 2023, 08:14:20 PM
 #129

One cannot originates emotions but it's natural and the successful trader are those who have put control on his emotions because its a big enemy which play an important role in a person's failure. One can control his emotions with investment but trading is that technology in which keep emotions in control is very hard but if a person predict that how important is it then he will really do his best to attain good outcomes.
This is where we do really be able to learnt up things along the way which it doesnt only give us the idea and knowledge but also it does help out our emotions to be in good control or simply you are really that molding yourself when it comes to this manner on which we know that being impulsive or having reactions is normal since we are just humans.

Lack of knowledge and experience is the main reason on why you would really be having these kind of reactions and actions to be made further but on the time comes where you do gain sufficient
experience then it would be gradually be changed up and you would find out for yourself that you are really that improving when it comes to this aspect.

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April 21, 2023, 10:19:01 PM
 #130

One cannot originates emotions but it's natural and the successful trader are those who have put control on his emotions because its a big enemy which play an important role in a person's failure. One can control his emotions with investment but trading is that technology in which keep emotions in control is very hard but if a person predict that how important is it then he will really do his best to attain good outcomes.
We should always ensure that we do not mix trading wit emotions. Many traders had made this mistakes and they had paid for it in a way they never likes. Trading is not easy so we need to make sure that we do our best not to mix the time today. The problem that many traders do have is that they spend so many time using demo account and that had affected them a lot.
If we establish a good trading pattern, things will be very easy for us and we are going to make some good use of our potential.









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May 08, 2023, 12:41:01 AM
 #131

One cannot originates emotions but it's natural and the successful trader are those who have put control on his emotions because its a big enemy which play an important role in a person's failure. One can control his emotions with investment but trading is that technology in which keep emotions in control is very hard but if a person predict that how important is it then he will really do his best to attain good outcomes.
We should always ensure that we do not mix trading wit emotions. Many traders had made this mistakes and they had paid for it in a way they never likes. Trading is not easy so we need to make sure that we do our best not to mix the time today. The problem that many traders do have is that they spend so many time using demo account and that had affected them a lot.
If we establish a good trading pattern, things will be very easy for us and we are going to make some good use of our potential.

Sometimes it is difficult not to mix emotions with our daily life, not only in trading but in any activity, there are some people who, because they do not control their emotions a lot, give them high blood pressure, so if they do not control the emotions in trading, because it is not something so up to date, but the bad thing is that money is lost here and that is what you should avoid, the fundamentals are the different traps that are made in the markets, that is why we should not fall,for that It's good to read books to learn to figure out when it's a cheat or not.


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May 08, 2023, 03:38:44 AM
 #132

Thats your strategy and the thing that you arent learning while you are losing , it should be per losses you'll able to know the reason why its a loss, why it goes the other way, reflect on it because it doesn't mean you win or loss in the entry you dont care at all , you should know where on your strategy makes it loss. Basically you just need to improve your strategy as well as understand what the market is giving you like if it is sideways and you strategy is on uptrend so really you'll be losing .
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May 08, 2023, 12:26:16 PM
 #133

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Never trade with emotions. To trade, you must have courage and confidence. There are people who come to cryptocurrency without understanding and invest in various scam schemes and end up in huge losses. And later on they become emotionally broken resulting in less enthusiasm for their investments. Those who trade on emotion must have special courage because investing always involves the desire for profit and the possibility of loss. So he needs to trade in crypto following this formula and be patient enough. there are some investors who invest without understanding but they must acquire good skills and experience about crypto to be successful in later investments.

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May 08, 2023, 01:18:12 PM
 #134

Thats your strategy and the thing that you arent learning while you are losing , it should be per losses you'll able to know the reason why its a loss, why it goes the other way, reflect on it because it doesn't mean you win or loss in the entry you dont care at all , you should know where on your strategy makes it loss. Basically you just need to improve your strategy as well as understand what the market is giving you like if it is sideways and you strategy is on uptrend so really you'll be losing .
Perhaps, it was like capturing the errors and seeing where we become wrong. But of course, it was not just seeing our mistakes but also considering those things that we earn a profit from and seeing what ways we're doing. It is about comparing all the things we've done and the results as well. This will absolutely help us and give us ideas about what are the things we need to change and what are the things we need to sustain.
But above all, we must also learn how to adjust and correct our mistakes - if that is because of our emotions, then must have to carry them out and control them, otherwise, we can't expect success. 



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May 08, 2023, 06:59:07 PM
 #135

Thats your strategy and the thing that you arent learning while you are losing , it should be per losses you'll able to know the reason why its a loss, why it goes the other way, reflect on it because it doesn't mean you win or loss in the entry you dont care at all , you should know where on your strategy makes it loss. Basically you just need to improve your strategy as well as understand what the market is giving you like if it is sideways and you strategy is on uptrend so really you'll be losing .
Perhaps, it was like capturing the errors and seeing where we become wrong. But of course, it was not just seeing our mistakes but also considering those things that we earn a profit from and seeing what ways we're doing. It is about comparing all the things we've done and the results as well. This will absolutely help us and give us ideas about what are the things we need to change and what are the things we need to sustain.
But above all, we must also learn how to adjust and correct our mistakes - if that is because of our emotions, then must have to carry them out and control them, otherwise, we can't expect success.  
Mistakes and errors is the best teacher and something that could really be able for you to learn or in short on making you more better.It is really just that there are people who are really that emotionally impulsive
which they do really that ending up on bad decisions in towards their trading or even on their investment.Once you do tolerate out that emotion inside you and you do just simply ignore out about
those basic trading principles then you would really be definitely be experiencing losses which it would be neither acceptable or not on your part which it would really vary on what kind of person are you.
Some are really that easily have ending up on pity into their selves and there are ones who are really that desperate and would really be going in line with the life principles which they should really proceed further.

This is why its never been ideal if you do havent that clear mind when or on the time that you do make out trades but somewhat on the time that you would be gaining experience then you would
definitely be able to make yourself be realizing on what are the things that should really be done but of course there's no assurance when it comes to success
because there are lots of factors would be affecting on the way.

R


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Jatiluhung
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May 08, 2023, 08:24:49 PM
 #136

One cannot originates emotions but it's natural and the successful trader are those who have put control on his emotions because its a big enemy which play an important role in a person's failure. One can control his emotions with investment but trading is that technology in which keep emotions in control is very hard but if a person predict that how important is it then he will really do his best to attain good outcomes.
At least if a trader is able to control his emotions then he must take a trading position calmly and not in a hurry. Analysis that is done calmly and not in a hurry is also the key to controlling emotions. At least a trader should know where their position is. They must also be good at reading market trends if they are traders who follow market trends. Usually the indicators used are one of them with the Fear and Greed indicator which is also one of the parts that is always used quite often by traders in analyzing market sentiment to determine whether to rank whether the hype is happening in the market. Of course this also requires a lot of information and analysis which is quite time consuming. But it is better to spend more time on analysis so that our trading success rate is higher. Instead of analyzing in a hurry which actually makes us more at risk of experiencing losses in trading.

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Twentyonepaylots
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May 08, 2023, 09:42:24 PM
 #137

One cannot originates emotions but it's natural and the successful trader are those who have put control on his emotions because its a big enemy which play an important role in a person's failure. One can control his emotions with investment but trading is that technology in which keep emotions in control is very hard but if a person predict that how important is it then he will really do his best to attain good outcomes.
We should always ensure that we do not mix trading wit emotions. Many traders had made this mistakes and they had paid for it in a way they never likes. Trading is not easy so we need to make sure that we do our best not to mix the time today. The problem that many traders do have is that they spend so many time using demo account and that had affected them a lot.
If we establish a good trading pattern, things will be very easy for us and we are going to make some good use of our potential.

Sometimes it is difficult not to mix emotions with our daily life, not only in trading but in any activity, there are some people who, because they do not control their emotions a lot, give them high blood pressure, so if they do not control the emotions in trading, because it is not something so up to date, but the bad thing is that money is lost here and that is what you should avoid, the fundamentals are the different traps that are made in the markets, that is why we should not fall,for that It's good to read books to learn to figure out when it's a cheat or not.



Agree since as a human being, it is not that easy to detach our emotions so it would almost always be part of our daily lives. So, in trading, emotions is always there so what we can do about it is to learn to manage these emotions. Managing emotions is important so that you can make wise decisions regarding trading and other financially related tasks. I think one crucial tasks in these is learning when to stop since if we would be able to fully manage our emotions, we can let ourselves stop when it would be the best option to do so. So, emotion really plays a big role in it so we should at least try to manage it so everything goes well in our trading experience.
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May 08, 2023, 10:32:09 PM
 #138


Agree since as a human being, it is not that easy to detach our emotions so it would almost always be part of our daily lives. So, in trading, emotions is always there so what we can do about it is to learn to manage these emotions. Managing emotions is important so that you can make wise decisions regarding trading and other financially related tasks. I think one crucial tasks in these is learning when to stop since if we would be able to fully manage our emotions, we can let ourselves stop when it would be the best option to do so. So, emotion really plays a big role in it so we should at least try to manage it so everything goes well in our trading experience.

It's hard to learn how to stop if trading is your only source of income. Unfortunately, business opportunities are constantly shrinking now, so trading is something you can earn remotely. So - when there is no other source of income - it's hard to cope with emotions when you realize that you have to pay bills, taxes and other expenses.
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May 08, 2023, 10:41:05 PM
 #139

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Loosing in trades is not a bad thing, Infact, It is still an important part of trading. If you trade smoothly always and every day without experiencing some losses, then it simply means you've not been trading.

Professional traders still lose some of their trades at times, and it's completely normal, simply because the crypto markets is highly unpredictable, so consistent profit without any lose is not the right mindset.

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May 09, 2023, 04:15:38 AM
 #140

Emotions can have a significant impact on trade, both positively and negatively. In the context of trading, emotions like fear, greed, and hope can affect decision-making and lead to irrational behavior, which can result in poor trading outcomes. For example, fear can cause traders to sell their assets too quickly, leading to missed opportunities for profit, while greed can lead to taking on excessive risks and losing money.

On the other hand, positive emotions like confidence and optimism can also impact trading outcomes. A trader who is confident in their abilities and optimistic about the market may be more likely to take calculated risks and make profitable trades. Additionally, emotions like empathy and trust can play a role in building successful relationships between traders, which can lead to increased collaboration and successful trades.

Overall, emotions are an important aspect of trading, and it is crucial for traders to manage their emotions effectively in order to make rational and profitable trading decisions. Many traders use various techniques to manage their emotions, such as mindfulness practices, keeping a trading journal, and developing a well-defined trading strategy that takes emotions into account.

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May 09, 2023, 05:01:00 AM
 #141

*What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
I totally agree with your point but sometimes emotions save you too, like when i started trading, i trade on emotions (yeah you heard right i traded totally on emotions, it was really dumb) But you know what after losing some money i came e to know if i want to do emotional trading (new word) then i have to select one token and only have to trade on it and that token must be volatile (highly) so that I could earn and loss too (hehe).

After then i started to make some profit but I was not using "Stop-Loss" When you don't use it, you have to check the market again and again as you want to make profits and when you set the stop-loss then it could decrease the chances of getting high profits but it's still in our favor to use it as sometimes your greed for more and didn't exit the market and after 2 minutes you are in a situation where you can't exit now and you are stuck with the market's sentiment.

So, my main advice for a newbie is to,
  • Never do emotional trading
  • Always use Stop-loss
  • Do not over-trade, only trade as much as you want to earn money (don't become greedy because greed is a curse) if you will become you might lose your own money (in the future).
  • Start with spot trading, and try to control your emotions, as when your friend whom you trust more than you, if he told you the market will crash you still have to control your emotions and personally analyze the market.

Further, you should trade on the basis of stats no on the basis of emotions but following emotions can save you some time. (only when it's your time).

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May 09, 2023, 06:24:00 AM
 #142

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

In my opinion, in order to control their emotions, a trader needs an interesting lifestyle. 

In addition to trade, daily walks in the fresh air, trips to other countries, meetings with friends, sex with beautiful girls, attending music concerts and art exhibitions, dancing and meditation are necessary.  An interesting and vibrant lifestyle allows you to create new neural connections in the brain.  This enables the trader to use non-standard and effective trading mistakes, avoid strong trading stress and not make mistakes. 

In my opinion, trading should be organically integrated into the daily life of a trader.  This will be the key to successful and profitable trading in the cryptocurrency market.

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May 09, 2023, 07:32:46 AM
 #143

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
No.
Basically, if you tried trading, you can consider yourself a trader already. You don't need to control your emotions so that you can call yourself a trader. There are many traders out there who don't know how to control their emotions, and they call themselves a trader. A failed trader.

Learning how to control your emotion doesn't guarantee you will get profit in trading. Controlling your emotion is just one of the things that you must learn if you want to be a successful trader.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
I'm not a pro trader, but I guess there's nothing to control aside from controlling your emotions. Maybe controlling your capital when you are starting? You can include that as well.

If you learn how to control your emotions already, what you need to do next is to know how to read charts. I believe technical analysis really helps whenever you are trading. Don't listen too much to the news, and focus more on what you are seeing in the charts. I'm trading, and TBH there are times that I'm losing money as well, but that's ok since I'm not that good at trading though in my overall trading journey, I had more profit than losses.

I guess most here already said the things that you need to do OP if you really want to pursue trading. Learn how to be emotionless not only on trading, but on investing in general.

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May 09, 2023, 08:00:02 AM
 #144

I guess most here already said the things that you need to do OP if you really want to pursue trading. Learn how to be emotionless not only on trading, but on investing in general.

I always feel like making emotions out of the equation is the only way to go. We're humans, we can't help but feel emotions.

Better is to have mechanisms in place that prevent those emotions from taking control.

Better to keep discipline not as something that relies on you but that relies on system.

Example. Make sure someone else has access to your portfolio. Multisig wallets. Stop loss that you cannot change without second approval. Simple stuff like that makes you a great trader regardless of emotion.

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May 09, 2023, 08:26:55 AM
 #145

What else is required for such a person to control,is it still his or her emotions or what next?
It's emotion that you have to control in trading and that is what I have seen to be fixed. It's very dangerous for a trader to let their emotions be on the top of their decisions. It can ruin your journey in trading as it will cause a lot of losses.

Quote
And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
My only advice to a trader is never ever trade if your emotion is not stable. You should make sure that you're okay before you trade as it will help you to decide and execute effectively in trading.
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May 09, 2023, 12:37:30 PM
 #146

For a new trader that just started trading in the market, emotion would always be the major challenge that will be faced with because of the market volatility that can make a trader to lose control of there confidence to trade consciously in the market.
Trading I'm the market has so many things we need to note so that we are not going to be left out being in the market getting confused by  the day even with those knowledge we might have acquired in our various trading classes that will aid us to be an comprehensive traders with the right tools to keep us going forward.









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May 09, 2023, 01:53:16 PM
 #147

Controlling your emotion is one of the very important characteristics that a trader should have. But aside from this, if someone wants to become a successful trader, it needs to master or be familiar with the many indicators and be updated on the news. Being diligent in acquiring knowledge of the coins before trading them is also another factor since.

Being emotional in trading is a common problem I keep on hearing over the years. It's only easy to say to control our emotions but when we are already in the situation, it is hard to control. Maybe the level of the amount being traded is important in determining our emotions. I doubt we remain being emotional if we are only trading a very small fraction of our savings.

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May 09, 2023, 07:17:05 PM
 #148

For a trader, an extremely important aspect is to be able to control oneself. Emotions are a rather difficult aspect that is not so easy to overcome. But it is important to understand that otherwise the result can be very noticeably disappointing.
Although we can control ourselves to the point how we want it to be.

When you're doing trades, yourself is also your enemy because it's uncertain to know the better results and you want what's best for you. But it's impossible to have that when you're doing such.

That's why you will set some price for you to sell those Bitcoin's for you to gain profit. You just don't let it catered by your emotion and every decision made should be done by you accordingly based on the market.

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May 09, 2023, 07:51:57 PM
 #149

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

In my opinion, in order to control their emotions, a trader needs an interesting lifestyle. 

In addition to trade, daily walks in the fresh air, trips to other countries, meetings with friends, sex with beautiful girls, attending music concerts and art exhibitions, dancing and meditation are necessary.  An interesting and vibrant lifestyle allows you to create new neural connections in the brain.  This enables the trader to use non-standard and effective trading mistakes, avoid strong trading stress and not make mistakes. 

In my opinion, trading should be organically integrated into the daily life of a trader.  This will be the key to successful and profitable trading in the cryptocurrency market.
If you are a swing or something like trend type kind of trader then you could be able to do such activities on which you could really be able to hang out and make yourself involved on some activities on which we know that it does really need an ample time for you to do so but if you are a type of trader specially scalpers and daytrades then for sure you wouldnt really be having that ample time on doing those activities
but its not really that bad on making yourself on at least taking a break considering that trading is really that somewhat too stressful.

I cant really be able to deny such thing which even myself did really come into a point on which im really that having a day which im always that irrirated just because my plans for that day didnt work and every
positions had been made is all losses or does have that different outcome.This is where emotion would kick in on which it do make you impulsive and ending up on making out some decisions which might
make the situations more getting worst.This is why you should really be that careful on taking actions on the time that impulsive emotions kicks in.

R


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May 10, 2023, 01:56:24 PM
 #150

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

In my opinion, in order to control their emotions, a trader needs an interesting lifestyle. 

In addition to trade, daily walks in the fresh air, trips to other countries, meetings with friends, sex with beautiful girls, attending music concerts and art exhibitions, dancing and meditation are necessary.  An interesting and vibrant lifestyle allows you to create new neural connections in the brain.  This enables the trader to use non-standard and effective trading mistakes, avoid strong trading stress and not make mistakes. 

In my opinion, trading should be organically integrated into the daily life of a trader.  This will be the key to successful and profitable trading in the cryptocurrency market.
It is a good practice to include a variety of interests and activities in your life to maintain balance and avoid focusing too narrowly on trading. But we should not forget that successful trading also requires strong skills in market analysis, risk management and financial discipline. An interesting lifestyle can help control emotions and reduce stress, but it's not the only factor in successful trading. Traders must also constantly learn and improve their skills, follow the news and market events and make informed decisions based on data analysis.
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May 10, 2023, 04:48:03 PM
 #151

For a trader, an extremely important aspect is to be able to control oneself. Emotions are a rather difficult aspect that is not so easy to overcome. But it is important to understand that otherwise the result can be very noticeably disappointing.
If you trade with emotions, it is the same as you create opportunities to lose. Most traders crash at this point, not everyone can control their own emotions including me. But as a beginner, this is a natural thing, sometimes we need a process to introduce a field. It can be used as a lesson and reference so that this does not come a second time. As traders we are required to be able to control ourselves, requiring high concentration when analyzing the market, this is the same as if you have a company inside you, your body is the company, and your mind controls the way it goes.

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May 10, 2023, 05:23:29 PM
 #152

For a trader, an extremely important aspect is to be able to control oneself. Emotions are a rather difficult aspect that is not so easy to overcome. But it is important to understand that otherwise the result can be very noticeably disappointing.
To control emotions a trader has to be disciplined about his trading otherwise he will never be able to control his emotions. Trading is all about skill, no trader can be successful in trading unless he can build his trading skills.

I have understood from my trading experience that in order to succeed here, it is impossible without gaining trading knowledge and developing trading skills. So emotions have a big impact on trading results, a trader who can control his emotions at the right time can exit the market with good results from his trades.

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May 12, 2023, 07:19:00 PM
 #153

For a trader, an extremely important aspect is to be able to control oneself. Emotions are a rather difficult aspect that is not so easy to overcome. But it is important to understand that otherwise the result can be very noticeably disappointing.
To control emotions a trader has to be disciplined about his trading otherwise he will never be able to control his emotions. Trading is all about skill, no trader can be successful in trading unless he can build his trading skills.

I have understood from my trading experience that in order to succeed here, it is impossible without gaining trading knowledge and developing trading skills. So emotions have a big impact on trading results, a trader who can control his emotions at the right time can exit the market with good results from his trades.
Controlling emotion is really that very crucial if we do speak about trading yet this is really something that could really mixed things up along the way which is something that we wouldnt really tolerate
or would make it lose on the time that we are on trading sessions. Somewhat it would really be that not simple on having that kind of control because we know that we do have different
level or emotional tolerance and control on ourselves on different scenario.

Some could be able to do so without any problems and some couldnt really just be able to bare out that impulsive feeling that it might occur midway. Experience is the best thing that could really be
able to make things to be realized that emotion would really be something that could be controlled out on this case. If you are aware on how things works or behaves then you do have
already the idea on how to make yourself that behave or should really be doing and this is where you would be able to control those uncontrolled or influx of
emotions on the time that you dont have still that sufficient experience.
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May 12, 2023, 09:58:19 PM
 #154

If you trade with emotions, it is the same as you create opportunities to lose. Most traders crash at this point, not everyone can control their own emotions including me. But as a beginner, this is a natural thing, sometimes we need a process to introduce a field. It can be used as a lesson and reference so that this does not come a second time. As traders we are required to be able to control ourselves, requiring high concentration when analyzing the market, this is the same as if you have a company inside you, your body is the company, and your mind controls the way it goes.
Indeed. Trade with emotion means having a bigger chance to lose. Emotion makes us hard to think wisely and properly, it leads us to be careless and hasty in deciding something. In this situation, no chance for us to gain profits, it is better to stop trading temporarily.

Sure, we must have good self-control. It is not only about trading, but we must have good self-control in any matter. We won't be wise to decide anything if we think with emotion.


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May 13, 2023, 04:54:28 AM
 #155

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

There are so many things a trader needs to do before he can be a trader, emotions aren't the only thing to control. You also have to control your strategy as if you're using a wrong strategy, you'll keep losing money when trading. If I was in this situation, I'll change my strategy by trying other things to see if I can make profit form those strategies.

Emotions are the most important thing to control, you should recheck your knowledge on trading if you're always losing, maybe you didn't learn well and you need to go back to learn again because as a trader you shouldn't be losing or you won't last long trading in the market.

R


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MiF
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May 13, 2023, 12:35:12 PM
 #156

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
You can control your emotions but you don't have enough experience in trading that os maybe the reason why you still loss, it doesn't mean that if you can control your emotion you will already earn, it is normal to loss or earn in trading but if you always loss that means you are not lucky on trading so you can try another way like investing.


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May 13, 2023, 02:57:09 PM
 #157

If you trade with emotions, it is the same as you create opportunities to lose. Most traders crash at this point, not everyone can control their own emotions including me. But as a beginner, this is a natural thing, sometimes we need a process to introduce a field. It can be used as a lesson and reference so that this does not come a second time. As traders we are required to be able to control ourselves, requiring high concentration when analyzing the market, this is the same as if you have a company inside you, your body is the company, and your mind controls the way it goes.
But sometimes the mind is always filled with excessive levels of greed and panic, so that the emotions will not be stable. it also depends on how often you trade and how well we can control our emotions. It's not easy, but controlling your emotions requires good trading habits and knowledge, so there's no panic when the market falls. I also have unstable emotions, sometimes I panic, but I try to think more calmly so I can handle every emergency.
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May 13, 2023, 08:22:51 PM
 #158

But sometimes the mind is always filled with excessive levels of greed and panic, so that the emotions will not be stable. it also depends on how often you trade and how well we can control our emotions. It's not easy, but controlling your emotions requires good trading habits and knowledge, so there's no panic when the market falls. I also have unstable emotions, sometimes I panic, but I try to think more calmly so I can handle every emergency.
Panic and anxiety all lead to dramatic decisions that we will later regret, so ita better to start developinggood trading mindset. I've learnt to adjust to any horrifying market condition, it's to put comfort in the mind, I'm personally not doing any transaction that will toil with my emotions, because trading under pressure will only lead to huge losses in the market. Because the market is volatile, trading with emotions is extremely risky. Every aim is built on the foundation of the stable mind, and also apply good trading strategy that will yield profits at the end of every trade.

R


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lalabotax
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May 13, 2023, 09:17:59 PM
 #159

Panic and anxiety all lead to dramatic decisions that we will later regret, so ita better to start developinggood trading mindset.

These twobare exatly bad enough to go tobtrading if we cannot control them. Panic plus anxiety will drive us to get hurry decision without good analysis and consideration. For me, if I am still having bad emotion control, easy to oanic and feel anxiety, I will nkt star trading. It is better to be able to manage ourself at first before going to trade. In my opinion, trading is not inly related to how good we are analysing the market, but also how good we are able to manage and control ourself, our emotion not to be panic and stress easily.

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May 15, 2023, 03:52:24 AM
 #160

Thats your strategy and the thing that you arent learning while you are losing , it should be per losses you'll able to know the reason why its a loss, why it goes the other way, reflect on it because it doesn't mean you win or loss in the entry you dont care at all , you should know where on your strategy makes it loss. Basically you just need to improve your strategy as well as understand what the market is giving you like if it is sideways and you strategy is on uptrend so really you'll be losing .
Perhaps, it was like capturing the errors and seeing where we become wrong. But of course, it was not just seeing our mistakes but also considering those things that we earn a profit from and seeing what ways we're doing. It is about comparing all the things we've done and the results as well. This will absolutely help us and give us ideas about what are the things we need to change and what are the things we need to sustain.
But above all, we must also learn how to adjust and correct our mistakes - if that is because of our emotions, then must have to carry them out and control them, otherwise, we can't expect success. 

You'll learn for sure in the long run to control your emotions. I mean, even when I am starting out to trade, I always have a hard time controlling my patience. Even if I have to follow my strategy based on my confirmation before making an entry, I sometimes take the trade because I am scared of missing out on more profit, but it turns out I lose because I didn't wait for other confirmations. Over time, when you learn from your losses, you'll be able to control them. Like now, I always follow my confirmation before hitting an entry.
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May 15, 2023, 04:17:23 AM
 #161

Quote from: Bushdark
For a new trader that just started trading in the market, emotion would always be the major challenge that will be faced with because of the market volatility that can make a trader to lose control of there confidence to trade consciously in the market.
Trading I'm the market has so many things we need to note so that we are not going to be left out being in the market getting confused by  the day even with those knowledge we might have acquired in our various trading classes that will aid us to be an comprehensive traders with the right tools to keep us going forward.

I believe, carry out personal research before trading will really help such traders to control their emotion in the market because it hard for potential traders to experience losses from their trading because they always conscious of their personal research to control their emotion at the moment. I think, those new traders will do everything possible within their power to put an end to that negative emotion that is causing them failure in the market, by trying to exercise patience whenever the price of Bitcoin started increasing in the market so that they will not miss their opportunity when the price hit higher in the future.

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May 15, 2023, 08:32:17 AM
 #162

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
To be proficient in trading is basically not only a matter of mastering emotions (emotional management / trading psychology) but also need to be proficient in other analysis such as technical and fundamental. But now I also realize that it is experience that will bring us better results. Even with mental experiences we become more honed and stronger. So for people who are still experiencing losses after they have mastered emotions in trading, I think then they must be proficient in basic analysis such as technical and fundamental. and learn more from his own experience or the experience of others.

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Bushdark
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May 15, 2023, 10:56:36 AM
 #163

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
To be proficient in trading is basically not only a matter of mastering emotions (emotional management / trading psychology) but also need to be proficient in other analysis such as technical and fundamental. But now I also realize that it is experience that will bring us better results. Even with mental experiences we become more honed and stronger. So for people who are still experiencing losses after they have mastered emotions in trading, I think then they must be proficient in basic analysis such as technical and fundamental. and learn more from his own experience or the experience of others.
There are different ways we can control our emotions without much stress. Some of the ways is for us to work our our trading journal. Trading as different pattern and for us to learn and focus on what we are doing, we need to concentrate on our trading journal.
We can also work on our trading psychology so that we can be focus on the strategy we are using to get more from the market than just trading with multiple irrational signals that could ruin our trading career as a potential trader. Those that are good customers of the market in the aspect of Trading loses, they are the kind of people that do have these kind of trading challenges affecting there emotions.









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May 15, 2023, 11:05:24 AM
 #164

What do you do with emotions where you are going to grow money by using money? Have you seen anything done with emotion so far? The more you control your emotions in business, the better your business will thrive. If you are ever upset about something or if you are under mental pressure please refrain from trading at that time. That's why I asked you to refrain because at that time you will not be able to take the right decision then emotions will work in you and the decision you take emotionally will be the wrong decision for your business. So it is better to avoid these emotions in business.

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May 16, 2023, 04:11:20 PM
 #165

One must be emotional prepared or greed free before venturing into trading why because at the point of trying to make out ways of increasing your trading target or budget for the day or for the week per months you ends up losing funds at this point we apportioned it to be an emotional feelings. This is pure wrong, why people lost money while trading is a result of greed, anyone who can control greed can equally avoid emotional feelings being attached while trading.
I believe that even if you are free of greed and have control of your emotions, if you do not have the fundamental knowledge of trading, you are still doing nothing because I believe that in order to be a successful trader, you must be knowledgeable about trading and trading strategies, so if you have been free of greed or have control of your emotions and you still trade and lose, you still need to go back and learn more about trading and the technical side of trading.
Because of this, I think a trader who is losing money in his trading business will only stay in the market for a short time because he will become discouraged and believe there is no money in it, not realizing that he needs to learn more about it.

R


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May 18, 2023, 10:40:16 PM
 #166

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
To be proficient in trading is basically not only a matter of mastering emotions (emotional management / trading psychology) but also need to be proficient in other analysis such as technical and fundamental. But now I also realize that it is experience that will bring us better results. Even with mental experiences we become more honed and stronger. So for people who are still experiencing losses after they have mastered emotions in trading, I think then they must be proficient in basic analysis such as technical and fundamental. and learn more from his own experience or the experience of others.
There are different ways we can control our emotions without much stress. Some of the ways is for us to work our our trading journal. Trading as different pattern and for us to learn and focus on what we are doing, we need to concentrate on our trading journal.
We can also work on our trading psychology so that we can be focus on the strategy we are using to get more from the market than just trading with multiple irrational signals that could ruin our trading career as a potential trader. Those that are good customers of the market in the aspect of Trading loses, they are the kind of people that do have these kind of trading challenges affecting there emotions.
If you are a type of person who is really that emotionally impulsive then you would really be needing to deal with it up first before you would be diving more on crypto trading because you would be mainly be facing up
a market which is really that extremely volatile and unpredictable. We cant really be able to handle out such condition but well everything could be acquired with real experience if we do talk about learning and emotional improvement.

We wont learn if we dont experience and this is the usual stuff that we should really be with. Emotion would really play a huge role and could really affect your efficiency on trading and this is why its really that
important that you should be sensible on regarding about handling it and having the control because if not then you would really be seeing this as a big problem. You wouldnt really be finding yourself
to be that sustainable or you could really survive on this unpredictable market.You would be needing to survive and able to handle it if you are really that persevered on surviving this out.

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May 19, 2023, 02:19:08 PM
 #167

One must be emotional prepared or greed free before venturing into trading why because at the point of trying to make out ways of increasing your trading target or budget for the day or for the week per months you ends up losing funds at this point we apportioned it to be an emotional feelings. This is pure wrong, why people lost money while trading is a result of greed, anyone who can control greed can equally avoid emotional feelings being attached while trading.
I believe that even if you are free of greed and have control of your emotions, if you do not have the fundamental knowledge of trading, you are still doing nothing because I believe that in order to be a successful trader, you must be knowledgeable about trading and trading strategies, so if you have been free of greed or have control of your emotions and you still trade and lose, you still need to go back and learn more about trading and the technical side of trading.
Because of this, I think a trader who is losing money in his trading business will only stay in the market for a short time because he will become discouraged and believe there is no money in it, not realizing that he needs to learn more about it.
the most dominant thing to determine trading success is psychological, and techniques can be learned in a few months maybe, it is different with psychology, where no matter how good the technique is if it is not balanced with emotional stability then the strategy cannot work. and emotional can be trained by seeking experience in trading, usually done in stages, we sometimes often make mistakes that have been made before, even though we actually know it is wrong

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May 19, 2023, 04:48:28 PM
 #168

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
     Online trading can evoke a range of emotions, which can significantly impact a trader's decision-making process and overall trading outcomes. Some common emotions experienced during online trading include:

     Greed: Greed can arise when traders become overly focused on maximizing profits and taking excessive risks. It may lead to impulsive trading decisions, disregarding
  proper risk management practices.

    Fear: Fear often emerges when traders worry about potential losses or market volatility. It can cause hesitation in entering or exiting trades and may result in missed
  opportunities or holding onto losing positions for too long.

   Overconfidence: Success in a few trades can lead to overconfidence, where traders start believing they have superior skills or abilities to consistently make profitable trades.
  This overestimation can lead to taking on higher risks or neglecting proper analysis and risk management.

    Frustration and Impatience: Frustration and impatience may arise when trades do not go as planned or when market conditions are not favorable. Traders may feel the urge
  to make impulsive decisions to recover losses quickly or force trades in unfavorable situations.

     Regret: Regret occurs when traders dwell on past trading decisions, particularly after incurring losses. It can lead to emotional biases, such as revenge trading, where
   traders seek to recoup losses by taking on higher risks.

    Anxiety: Anxiety can be a common emotion, especially for new or inexperienced traders. The uncertainty and unpredictability of the market can create feelings of unease
  and worry.

   Managing emotions in online trading is crucial for making rational decisions.

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May 20, 2023, 07:18:13 AM
 #169

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
To be proficient in trading is basically not only a matter of mastering emotions (emotional management / trading psychology) but also need to be proficient in other analysis such as technical and fundamental. But now I also realize that it is experience that will bring us better results. Even with mental experiences we become more honed and stronger. So for people who are still experiencing losses after they have mastered emotions in trading, I think then they must be proficient in basic analysis such as technical and fundamental. and learn more from his own experience or the experience of others.
Basic analysis is very important,  lose can occur always when one lacks Basic analysis and this will result to become emotional. Emotions are always certain in the human nature and their is no way one keeps losing in trading that their won't be any emotional feeling. Learning more, having good trading strategies and analysis is the solution of not  to be emotional in trading.  Constant lose is the reason for Emotions in trading and  the only way one can get rid of it is to get more knowledge about trading.

R


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May 22, 2023, 03:11:14 AM
 #170

*What else is required for such a person to control,is it still his or her emotions or what next?

When you attach your emotions to trading it affects your decision making, sometimes it can be helpful but bringing emotion into trading is a bad idea. Every trader is different in their own ways, to keep emotion in check can be difficult, formulate your trading strategy based on your needs and market knowledge.

R


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May 22, 2023, 04:49:00 PM
 #171

The two don't go together perfectly for one to become a good and successful trader he must learn to remove emotions from trading.One should focus on gaining more knowledge about trading,making a good trading plan and sticking to some certain rules and regulations to maintain consistency and make some good profits from the market.

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May 22, 2023, 06:43:44 PM
 #172


   Overconfidence: Success in a few trades can lead to overconfidence, where traders start believing they have superior skills or abilities to consistently make profitable trades.
  This overestimation can lead to taking on higher risks or neglecting proper analysis and risk management.

Yes exactly if a person  regularly wins so they loss their fear of losing so in this way they try to put whole money which sometimes becomes risky for him so I think that whenever a person achieve the desire success so don't change your rules always put less money and if you have certain amount of profit then take the profit and remaining amount will be better for you to keep for longer time also don't be excited for your success because excitation is also a type of emotions which should be kept in control.









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May 24, 2023, 01:10:38 PM
 #173

Emotions always lead to one result - losses. This is important to understand and take realistically. Alas, this is how trading works. So I advise you to be careful.
One should never act on emotion as it leads to instability and loss in everything. Especially those who want to trade cryptocurrencies with emotion face a lot of losses. To do so, you must understand and acquire special skills to trade later. Success is never achieved with passion. To achieve success, one must have the ability to be patient with confidence. But in the future it is possible to move forward in everything who can control emotions.

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May 24, 2023, 01:21:38 PM
 #174

Emotions always lead to one result - losses. This is important to understand and take realistically. Alas, this is how trading works. So I advise you to be careful.
One should never act on emotion as it leads to instability and loss in everything. Especially those who want to trade cryptocurrencies with emotion face a lot of losses. To do so, you must understand and acquire special skills to trade later. Success is never achieved with passion. To achieve success, one must have the ability to be patient with confidence. But in the future it is possible to move forward in everything who can control emotions.
I know it can be detrimental, but everyone has different emotions. in terms of trading, it may be related to the trader's own experience in the market which can help the trader make a wise decision. but for someone new to trading, it is not forbidden to act on emotions. but they must learn to control their emotions. and everything certainly requires different time and understanding for each trader.

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terencio
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May 24, 2023, 05:38:42 PM
 #175

Trading is not only about controlling your emotions, but also about having a good strategy, risk management, and market analysis. If you are losing more than you are gaining, you may need to review your trading plan and learn from your mistakes.

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May 25, 2023, 02:30:04 AM
 #176

Trading is not only about controlling your emotions, but also about having a good strategy, risk management, and market analysis. If you are losing more than you are gaining, you may need to review your trading plan and learn from your mistakes.
I think if there is any emotion in trading then we will have high chance of losing money. I think if we are not able to make money by trading most of the time then we need to follow some other rules. Or trade off for some days.  We have to do it. When we lose money, we are not right. It seems that I have to withdraw this money. There is no such thing that can be done so that we lose all the money.

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May 25, 2023, 05:38:02 AM
 #177



When you attach your emotions to trading it affects your decision making, sometimes it can be helpful but bringing emotion into trading is a bad idea. Every trader is different in their own ways, to keep emotion in check can be difficult, formulate your trading strategy based on your needs and market knowledge.

Emotions are connected to every human being but what really matters is how much control you have over your emotions. Trading is a platform where you have to make very thoughtful and patient decisions.

All experienced traders do not act on emotions based on their experience and full knowledge of the market. Most of the new traders get emotional and make wrong decisions due to inexperience. Traders who cannot control their emotions should stay away from trading as the price volatility is high and emotional people will only lose here. Each trader's way of trading may be different but the principles and methods of trading are the same for all.

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May 25, 2023, 06:49:48 AM
 #178

Trading is not only about controlling your emotions, but also about having a good strategy, risk management, and market analysis. If you are losing more than you are gaining, you may need to review your trading plan and learn from your mistakes.
I think if there is any emotion in trading then we will have high chance of losing money. I think if we are not able to make money by trading most of the time then we need to follow some other rules. Or trade off for some days.  We have to do it. When we lose money, we are not right. It seems that I have to withdraw this money. There is no such thing that can be done so that we lose all the money.
trading emotions make us wrong in taking steps. this is because after the emotional increase, the brain cannot work properly, so that whatever it has planned actually goes wrong, not according to plan. therefore it is important to control yourself in trading, so that you can think healthily in carrying out all trading plans. it is difficult to predict market fluctuations, these fluctuations are often emotionally draining. therefore trading healthily and don't rush to get big results, but enjoying trading learning will be better

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May 25, 2023, 07:36:32 AM
 #179

The most difficult thing when we are trading is controlling our emotions, as we know that very high price fluctuations make us easily emotional, but what happens when we are emotional is that we usually lose, it is better to focus on the goal, namely profit, if we trade on spot exchanges then this the best is after buying then adding a profit target then placing it in a sell position.

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May 25, 2023, 11:53:34 PM
Merited by Ruttoshi (2), fillippone (1), SOKO-DEKE (1)
 #180

When trading on the losing side, it might be difficult for a trader to keep his emotions under control. He will be impatient to make a profit, if not immediately, which will cause him to make a poor decision in his trading analysis.

When a trader is going through something like that, he should try to take some time off from trading before starting up again. Perhaps when he is ready to start trading again, he will do it with new perspectives and a new sense of purpose.


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May 26, 2023, 09:07:33 PM
 #181

When trading on the losing side, it might be difficult for a trader to keep his emotions under control. He will be impatient to make a profit, if not immediately, which will cause him to make a poor decision in his trading analysis.

When a trader is going through something like that, he should try to take some time off from trading before starting up again. Perhaps when he is ready to start trading again, he will do it with new perspectives and a new sense of purpose.


Once you do lose money or a certain trade then it would really just that normal that you would lose your cool since we're just human beings on which it is really that a normal reaction since we don't really like to lose money in the first place.Therefore, you would really be needing that kind of sell control and discipline towards your emotions on which it would really be that crucial on this time, considering that each person does have its own level of tolerance when it comes to impulsive reactions and could able to overcome this kind of stress and anxiety which would cause up that possible generation of bad decisions and you wouldn't really be that thinking clearly because your emotion has been shattered or being really that triggered.

Learning would really come from experience thats why we could really say that it would really be inevitably be part of the learning process because losses is something that inevitable. Important
thing on here is that you do make yourself that been mold up on the time that you do make trades along the way.It is really just a matter on how you would really be making yourself
be versatile and making out some adjustments basing up on what you are currently dealing with.

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May 26, 2023, 09:27:58 PM
 #182

Emotion in trading is what many traders had been battling with ans till now some persons have not till gain a better way to fight against it.  Trading without emotion is what we need to try to make sure we can do not trading with fear of losing our fund which shows that we can nit really learn one of the most important thing we need to understand about trading.

Trading should be more of growing personal skills with attempt of creating our own strategy to we can profits from the market using our own technicals to enter and leave the market. There are some traders too that had not benefit much from the market that are facing this problem too.









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May 27, 2023, 10:37:10 AM
 #183

The most difficult thing when we are trading is controlling our emotions, as we know that very high price fluctuations make us easily emotional, but what happens when we are emotional is that we usually lose, it is better to focus on the goal, namely profit, if we trade on spot exchanges then this the best is after buying then adding a profit target then placing it in a sell position.

that is really a must having target profit and stop loss because we don't know what will happen to the market , like if we dont put stop loss for sure if the price of the coin that we are trading to drops then for sure our accounts would be burn as we dont put stop loss on it , also we get greedy if we dont put target profit on it, this is really the probe  of new traders not putting target profit as the want to get more profit but because we are too greedy the market reverses and we again lose.
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May 28, 2023, 06:53:20 PM
 #184

When trading on the losing side, it might be difficult for a trader to keep his emotions under control. He will be impatient to make a profit, if not immediately, which will cause him to make a poor decision in his trading analysis.

When a trader is going through something like that, he should try to take some time off from trading before starting up again. Perhaps when he is ready to start trading again, he will do it with new perspectives and a new sense of purpose.
It is not easy to take a break when you have just incurred a loss or one of your trades is going into loss, even if you try to put your mind towards something else, this will still keep tickling in your mind that your money is at risk. Newbies can barely keep themselves away in such situations, and even those with control over their emotions will have a hard time.

I believe it is better to simply have a stop-loss set as soon as you place a trade so that your assets don't lose too much value that can be a concern for you and makes you restless even if you are not connected with the market at that time.

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May 29, 2023, 06:22:33 PM
 #185

The most difficult thing when we are trading is controlling our emotions, as we know that very high price fluctuations make us easily emotional, but what happens when we are emotional is that we usually lose, it is better to focus on the goal, namely profit, if we trade on spot exchanges then this the best is after buying then adding a profit target then placing it in a sell position.
usually people who are easily emotional and not wise in trading don't have the ability to analyze technically, and just follow Fomo to buy it,
that's why many people who are emotional in trading always big lose, so what we have to do in trading is don't be greedy,
if you have profit just withdraw from your account.

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May 29, 2023, 07:59:26 PM
 #186

The most difficult thing when we are trading is controlling our emotions, as we know that very high price fluctuations make us easily emotional, but what happens when we are emotional is that we usually lose, it is better to focus on the goal, namely profit, if we trade on spot exchanges then this the best is after buying then adding a profit target then placing it in a sell position.
usually people who are easily emotional and not wise in trading don't have the ability to analyze technically, and just follow Fomo to buy it,
that's why many people who are emotional in trading always big lose, so what we have to do in trading is don't be greedy,
if you have profit just withdraw from your account.
It would be understandable if you are a complete noob which we know that there would really be still that chance on molding yourself to be a better trader/investor. We know that it is really just normal to

have this kind of situation specially when we are just starting up.Due to lack of knowledge and experience then it would really be normal on having this kind of approach on which it would really be that
normal that there's really that adjustment period.Emotion and other aspects would really be normally be kicking in and since you are a noob then you would really be having these kind of mistakes.
Just like on what most people been saying on here that once you do gain up that experience then you would be able to find out that you are gradually improving when it comes on your current dealings.

Its impossible that you wouldnt really be that making that learning along the way on the time that you are dealing with this market.
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May 29, 2023, 11:16:49 PM
 #187

Controlling our emotions while we are doing trading activity can be used right and wrong. But usually when we lose money or the value of the coins we bought falls, others immediately panic because they have invested a lot in it.

      And when that happens, our emotions immediately become uncontrollable. And it is the negative application of our emotions that controls us which can lead to more losses in trading because we are no longer able to think correctly when it comes to buying or selling in crypto trading which is not correct instead we supposed to be calm to think normally about the best solution for it.



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May 30, 2023, 07:31:58 AM
 #188

Controlling our emotions while we are doing trading activity can be used right and wrong. But usually when we lose money or the value of the coins we bought falls, others immediately panic because they have invested a lot in it.

      And when that happens, our emotions immediately become uncontrollable. And it is the negative application of our emotions that controls us which can lead to more losses in trading because we are no longer able to think correctly when it comes to buying or selling in crypto trading which is not correct instead we supposed to be calm to think normally about the best solution for it.
Yes, it is.  even if you see the market moving fast, then our emotional level will increase and we can make wrong decisions, because we will think about big profits or big losses.  what I regret during trading is that I invested in a coin with no clear direction, and put a lot of capital in it, in just a few hours the price changes very fast, like a honeypot.

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May 30, 2023, 10:52:16 AM
 #189

Controlling our emotions while we are doing trading activity can be used right and wrong. But usually when we lose money or the value of the coins we bought falls, others immediately panic because they have invested a lot in it.

      And when that happens, our emotions immediately become uncontrollable. And it is the negative application of our emotions that controls us which can lead to more losses in trading because we are no longer able to think correctly when it comes to buying or selling in crypto trading which is not correct instead we supposed to be calm to think normally about the best solution for it.

Most people know that controlling emotions will be the factor that helps them increase their winning rate in trading as well as limit their losses. It is easy to say and sounds simple, but I believe that when anyone falls into a losing situation, they lose control of their emotions and behavior even though they have made the best preparations right from the start. That is also why trading is not for everyone, and not everyone with the knowledge, experience or skills will always guarantee profits.

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May 30, 2023, 12:45:55 PM
 #190

Controlling our emotions while we are doing trading activity can be used right and wrong. But usually when we lose money or the value of the coins we bought falls, others immediately panic because they have invested a lot in it.

      And when that happens, our emotions immediately become uncontrollable. And it is the negative application of our emotions that controls us which can lead to more losses in trading because we are no longer able to think correctly when it comes to buying or selling in crypto trading which is not correct instead we supposed to be calm to think normally about the best solution for it.

Most people know that controlling emotions will be the factor that helps them increase their winning rate in trading as well as limit their losses. It is easy to say and sounds simple, but I believe that when anyone falls into a losing situation, they lose control of their emotions and behavior even though they have made the best preparations right from the start. That is also why trading is not for everyone, and not everyone with the knowledge, experience or skills will always guarantee profits.

No doubt, it's easy to say than do, a lot of newcomers losses a huge chunk of their initial investment because of forgetting one factor, having a good patience when you already place your position, trading is not as easy as it is, the market movement especially inside crypto do have heavy volatility, you need to increase your knowledge in every single time that you make your participation with the trade.

All are relying on how you control your emotions and how you deal with your understanding, a good venue to earn but also a venue
where you can quickly lose your money.

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May 30, 2023, 01:56:42 PM
 #191

Controlling our emotions while we are doing trading activity can be used right and wrong. But usually when we lose money or the value of the coins we bought falls, others immediately panic because they have invested a lot in it.

      And when that happens, our emotions immediately become uncontrollable. And it is the negative application of our emotions that controls us which can lead to more losses in trading because we are no longer able to think correctly when it comes to buying or selling in crypto trading which is not correct instead we supposed to be calm to think normally about the best solution for it.
Solutions are the ways to reduce our risks, not panick. The market is up and down, we would have get use to, because it's a normal thing that happen right from time. Trading with emotions have 90% of ending in loss, we are humans and we cannot possibly eliminate emotions, it's always there, we learned to controlled it rather than look for ways to remove it. Establishing a balance emotion during trades do save us from alot of risks, profits is our targets and we worked or proceed in strategies that earned us that.

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May 30, 2023, 10:26:23 PM
 #192

Controlling our emotions while we are doing trading activity can be used right and wrong. But usually when we lose money or the value of the coins we bought falls, others immediately panic because they have invested a lot in it.

      And when that happens, our emotions immediately become uncontrollable. And it is the negative application of our emotions that controls us which can lead to more losses in trading because we are no longer able to think correctly when it comes to buying or selling in crypto trading which is not correct instead we supposed to be calm to think normally about the best solution for it.
Solutions are the ways to reduce our risks, not panick. The market is up and down, we would have get use to, because it's a normal thing that happen right from time. Trading with emotions have 90% of ending in loss, we are humans and we cannot possibly eliminate emotions, it's always there, we learned to controlled it rather than look for ways to remove it. Establishing a balance emotion during trades do save us from alot of risks, profits is our targets and we worked or proceed in strategies that earned us that.
We are just humans on which panic and impulsive emotions would really be just that common on the time that you would be seeing your portfolio is going down which it is really that a common approach.The only difference on here is that you do really be able to make out some methods or ways on how to handle up the situation on the time that you do have the experience.You could really be able to differentiate in between
experience and newbie traders or investors basing up on the action that they are making or the  ways that they are lessening up the risks.

Just like on what others been saying that being emotional is really that normal and this is where experience would kick in on which it would really be that causing for you to mind off about on how to deal up with it.
If you are a beginner then it would be normal that you would be missing out those critical points on what are the back up plans but once you are aware on how this market behaves or works
then you do have the idea on handling yourself on such condition or situation on which it would really be an advantageous thing.

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May 30, 2023, 10:58:55 PM
 #193

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
You can achieve success in trading if you can basically control your emotions and greed in trading. Here you said what should a person do if he keeps losing in that trade even after controlling his emotions on the trading platform? I would say that the person should invest for a short period of time just like trading without trading. If there is a profit after investing for a short time, sell it. Then he has to wait again when the market goes down and from there he has to invest again like trading and when the market goes up he has to sell again. If that person adopts this method, he will get success in short time investment like business.
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May 31, 2023, 01:37:51 AM
 #194

Controlling our emotions while we are doing trading activity can be used right and wrong. But usually when we lose money or the value of the coins we bought falls, others immediately panic because they have invested a lot in it.

      And when that happens, our emotions immediately become uncontrollable. And it is the negative application of our emotions that controls us which can lead to more losses in trading because we are no longer able to think correctly when it comes to buying or selling in crypto trading which is not correct instead we supposed to be calm to think normally about the best solution for it.

Most people know that controlling emotions will be the factor that helps them increase their winning rate in trading as well as limit their losses. It is easy to say and sounds simple, but I believe that when anyone falls into a losing situation, they lose control of their emotions and behavior even though they have made the best preparations right from the start. That is also why trading is not for everyone, and not everyone with the knowledge, experience or skills will always guarantee profits.

No doubt, it's easy to say than do, a lot of newcomers losses a huge chunk of their initial investment because of forgetting one factor, having a good patience when you already place your position, trading is not as easy as it is, the market movement especially inside crypto do have heavy volatility, you need to increase your knowledge in every single time that you make your participation with the trade.

All are relying on how you control your emotions and how you deal with your understanding, a good venue to earn but also a venue
where you can quickly lose your money.

I don't think only newbies make this mistake, but even seasoned market participants and professionals will find it difficult to control their emotions. It can be said that emotions are the most difficult thing to control, difficult to control it according to the plan that we have set. Whether our plans or strategies succeed is almost entirely determined by our emotions. For me, emotions are the most important thing in investing and trade because if left unchecked, it will lead to wrong actions.

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June 01, 2023, 05:09:52 PM
 #195

Trading is not only about emotions, but also about skills, strategies and knowledge. Sometimes, even the best traders can lose money due to market fluctuations, unexpected events or bad luck. If you are losing more than gaining profit, you may need to reevaluate your trading plan, learn from your mistakes and seek advice from experts.

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June 01, 2023, 05:35:36 PM
 #196

I don't think only newbies make this mistake, but even seasoned market participants and professionals will find it difficult to control their emotions. It can be said that emotions are the most difficult thing to control, difficult to control it according to the plan that we have set. Whether our plans or strategies succeed is almost entirely determined by our emotions. For me, emotions are the most important thing in investing and trade because if left unchecked, it will lead to wrong actions.

Controlling emotions in trading is not as easy as it seems, even though they say it is. The failure of a trader to control their emotions will only make it difficult for them to make the best decisions when trading, it will also make them tend to lose because they are too hasty in making decisions.

It is true that traders should also be quite able to control their emotions when they realize that crypto trading is a very risky trade. The slightest mistake that is ignored will allow them to get a loss which they later regret. Emotional control is important, it is also included in the trading psychology chapter.

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June 01, 2023, 08:15:52 PM
 #197

I don't think only newbies make this mistake, but even seasoned market participants and professionals will find it difficult to control their emotions. It can be said that emotions are the most difficult thing to control, difficult to control it according to the plan that we have set. Whether our plans or strategies succeed is almost entirely determined by our emotions. For me, emotions are the most important thing in investing and trade because if left unchecked, it will lead to wrong actions.

Controlling emotions in trading is not as easy as it seems, even though they say it is. The failure of a trader to control their emotions will only make it difficult for them to make the best decisions when trading, it will also make them tend to lose because they are too hasty in making decisions.

It is true that traders should also be quite able to control their emotions when they realize that crypto trading is a very risky trade. The slightest mistake that is ignored will allow them to get a loss which they later regret. Emotional control is important, it is also included in the trading psychology chapter.
Its never been easy and we all surely have experience this stuff on which our emotions are the main things which would really play out on the time that we are dealing on something which we dont even know or we are really that fully aware on what it is.Even though you do have that theory or good on paper or learning those stuffs but on actual situation then it wouldnt really be that simple.

Emotion would be always that main culprit on why you would really be changing up your minds and decisions in regarding of your analysis specially if you do see that the price isnt really going on what
you had anticipated or you have seen others analysis on which you are really convincing up yourself that it is viable than yours on which this is really mainly the reason on why it would really be having
that kind of alterations when it comes to our trading decisions. You would really able to realize this when you do see negative results along the way.
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June 01, 2023, 08:27:45 PM
 #198

First of all, it's always good to maintain your emotion first in order to have a nice time while trading. You don't want your emotion to take control of your decision for example anger or greedy for most cases. Most of the bad cases are happened because of the greediness and that's so easy to mess you up.

It's true that it's difficult to actually maintain your emotion especially if you already have it since birth but still there must be a way to at least reduce it a little bit.

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June 01, 2023, 11:16:15 PM
 #199

It is important for yourself to understand that emotions always and everywhere lead to only one thing - problems and quick wrong decisions.
It's easier said than done. That's why many traders still get rekt with their trades because they can't handle their emotions. It's easy to say that one can control himself when he trades but when you're already there, you'll have hard time.

So, it is better to minimize this influence as much as possible.
It can be minimized but you'll never know how long you'll be able to control yourself and how you'll maintain to be in a posture where it seems everything is under control if it's your emotion.

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June 02, 2023, 04:18:21 PM
 #200

Controlling emotions in trading is not as easy as it seems, even though they say it is. The failure of a trader to control their emotions will only make it difficult for them to make the best decisions when trading, it will also make them tend to lose because they are too hasty in making decisions.

It is true that traders should also be quite able to control their emotions when they realize that crypto trading is a very risky trade. The slightest mistake that is ignored will allow them to get a loss which they later regret. Emotional control is important, it is also included in the trading psychology chapter.
Its never been easy and we all surely have experience this stuff on which our emotions are the main things which would really play out on the time that we are dealing on something which we dont even know or we are really that fully aware on what it is.Even though you do have that theory or good on paper or learning those stuffs but on actual situation then it wouldnt really be that simple.

Of course I understand very well that in most cases, theory and practice do not always coincide. Many people fail to develop the ability to control their emotions, they know how to do it, but some other factors may force them to make rash decisions.


Emotion would be always that main culprit on why you would really be changing up your minds and decisions in regarding of your analysis specially if you do see that the price isnt really going on what
you had anticipated or you have seen others analysis on which you are really convincing up yourself that it is viable than yours on which this is really mainly the reason on why it would really be having
that kind of alterations when it comes to our trading decisions. You would really able to realize this when you do see negative results along the way.

Since I've been involved in the crypto world for the last 8 years, I certainly understand quite a bit about how emotions play role in the failures and successes of my trading and investments.

To be honest I have made mistakes too and that was because I failed to control my emotions during trading, but when it becomes an experience then of course I will learn from it. So far I just like to play it safe with the investment plan, of course it is about long term investing which has made me successful in controlling a lot of interest to sell assets in short term. Sometimes changes in investment and trading plans will help us enter new era in the crypto world.

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wajik-tempe
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June 02, 2023, 04:51:03 PM
 #201

First of all, it's always good to maintain your emotion first in order to have a nice time while trading. You don't want your emotion to take control of your decision for example anger or greedy for most cases. Most of the bad cases are happened because of the greediness and that's so easy to mess you up.

It's true that it's difficult to actually maintain your emotion especially if you already have it since birth but still there must be a way to at least reduce it a little bit.

Establishing and keeping to a well-defined trading plan is one effective method to decrease the impact of emotions in trading. A trading strategy allows you to make judgments based on predefined criteria rather of being persuaded by emotions in the heat of the moment. Finally, keep in mind that losses are a normal aspect of trading. Expecting perpetual success is impractical, and admitting this truth might help decrease the emotional effect of setbacks.

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Bushdark
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June 02, 2023, 07:51:55 PM
 #202

First of all, it's always good to maintain your emotion first in order to have a nice time while trading. You don't want your emotion to take control of your decision for example anger or greedy for most cases. Most of the bad cases are happened because of the greediness and that's so easy to mess you up.

It's true that it's difficult to actually maintain your emotion especially if you already have it since birth but still there must be a way to at least reduce it a little bit.
Trading emotions almost killed me when I started trading because of many factors that i could not understand. Trading is a difficult task and is not something we need to rush to get to the level we hurt to be. There are many traders especially the newbies that art still battling with emotions and this is something that is not easy to overcome immediately. It take gradually and continuous trading working on the remedy of trading emotiona. Every traders who might have overcome trading emotions always become a good trader that knows how to make better analysis.









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ItsCrafty
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June 03, 2023, 07:32:32 PM
 #203


First of all, it's always good to maintain your emotion first in order to have a nice time while trading. You don't want your emotion to take control of your decision for example anger or greedy for most cases. Most of the bad cases are happened because of the greediness and that's so easy to mess you up.

It's true that it's difficult to actually maintain your emotion especially if you already have it since birth but still there must be a way to at least reduce it a little bit.


Emotions and trade are two different aspects that can intersect in various ways. Emotions, such as fear, greed, and excitement, can affect the decision-making process in trading because Successful traders often emphasize the importance of emotional discipline. Sometimes you feel your loss while trading in the market. So even now if you control your emotions then you will hope to get food profit in next trade. Meanwhile, you should also consider the factors that make it diffluent for you to take decision.  While emotions and trade can intersect, professional trading requires managing emotions effectively and making decisions based on analysis, strategy, and risk management rather than impulsive response

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July 14, 2023, 10:30:28 PM
 #204

Emotions in trading is like water and oil, they don't mix well. If I've learnt one thing in this space it is patience. First you need to refine your analysis skills, master the skill of trading, employ patience and eschew emotions because it can alter your decision-making. Most traders today resort to using bots not because they lack the skill but because they can't trade without emotions, so consider AI grid trading if you find yourself in that category, maybe Bitget's AI Grid trading for a start
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July 14, 2023, 10:56:03 PM
 #205

Emotions in trading is like water and oil, they don't mix well. If I've learnt one thing in this space it is patience. First you need to refine your analysis skills, master the skill of trading, employ patience and eschew emotions because it can alter your decision-making. Most traders today resort to using bots not because they lack the skill but because they can't trade without emotions, so consider AI grid trading if you find yourself in that category, maybe Bitget's AI Grid trading for a start
Virtually all traders had in one time or the other traded with emotions although it has a limit. If we know what we are doing and we have a tutor like a guidance taking us through the journey of becoming a good trader, it is very important that we encourage ourselves and work on emotion whenever we enter into trading.

 Trading is something we must be disciplined about or we might lost the focus and the strictness to trade in the right way. If we are not too calm as a trader, we might be taken over by the spirit of greed which will make us see trading like an opportunity to make quick money and like the market. If we have that kid of mentality, we might become a loser.









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2girls
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July 15, 2023, 04:17:19 AM
 #206

Emotions in trading is like water and oil, they don't mix well. If I've learnt one thing in this space it is patience. First you need to refine your analysis skills, master the skill of trading, employ patience and eschew emotions because it can alter your decision-making. Most traders today resort to using bots not because they lack the skill but because they can't trade without emotions, so consider AI grid trading if you find yourself in that category, maybe Bitget's AI Grid trading for a start


Absolutely, in trading one can never over invest with emotion. Especially in the crypto currency market, which is always volatile, one has to keep  emotions under control. Those who are patient in trading always earn good profits. Trading on emotions often leads to losses. Experience is the best teacher' People who are experienced always trade well with their experience and analysis. I think instead of bot trading if you get your own experience and trade with your own analysis it can give you a good profit. However, people who have no experience in trading can use bots.

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July 15, 2023, 04:36:04 AM
 #207

Emotions in trading is like water and oil, they don't mix well. If I've learnt one thing in this space it is patience. First you need to refine your analysis skills, master the skill of trading, employ patience and eschew emotions because it can alter your decision-making. Most traders today resort to using bots not because they lack the skill but because they can't trade without emotions, so consider AI grid trading if you find yourself in that category, maybe Bitget's AI Grid trading for a start


Absolutely, in trading one can never over invest with emotion. Especially in the crypto currency market, which is always volatile, one has to keep  emotions under control. Those who are patient in trading always earn good profits. Trading on emotions often leads to losses. Experience is the best teacher' People who are experienced always trade well with their experience and analysis. I think instead of bot trading if you get your own experience and trade with your own analysis it can give you a good profit. However, people who have no experience in trading can use bots.
with emotions will mess up our clear minds to think about the chart that happened. then anyone who can't control his emotions then it is certain that his trading will be chaotic. therefore in learning trading usually many teach psychology first, before entering technical analysis lessons, because indeed the main thing that determines trading success is emotional control so that you can carry out the strategies that have been made. if that discipline can be implemented, then we can analyze the development of the techniques we use

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July 15, 2023, 06:56:52 AM
 #208

Emotions in trading is like water and oil, they don't mix well. If I've learnt one thing in this space it is patience. First you need to refine your analysis skills, master the skill of trading, employ patience and eschew emotions because it can alter your decision-making. Most traders today resort to using bots not because they lack the skill but because they can't trade without emotions, so consider AI grid trading if you find yourself in that category, maybe Bitget's AI Grid trading for a start
Virtually all traders had in one time or the other traded with emotions although it has a limit. If we know what we are doing and we have a tutor like a guidance taking us through the journey of becoming a good trader, it is very important that we encourage ourselves and work on emotion whenever we enter into trading.

 Trading is something we must be disciplined about or we might lost the focus and the strictness to trade in the right way. If we are not too calm as a trader, we might be taken over by the spirit of greed which will make us see trading like an opportunity to make quick money and like the market. If we have that kid of mentality, we might become a loser.

Controlling your emotion is very important as it will define how successful you can be when taking part into this business, trading is more on patience and with good handling of such emotions will give you a good chance of letting the market to move accordingly, as long as you are aware with how the market might turn and you are anticipating good bounce with your position, patience will continue to allow you to wait and see the right outcome that you set up with your trading investment.

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July 16, 2023, 10:51:52 PM
Merited by fillippone (1)
 #209

Emotions in trading is like water and oil, they don't mix well. If I've learnt one thing in this space it is patience. First you need to refine your analysis skills, master the skill of trading, employ patience and eschew emotions because it can alter your decision-making. Most traders today resort to using bots not because they lack the skill but because they can't trade without emotions, so consider AI grid trading if you find yourself in that category, maybe Bitget's AI Grid trading for a start

you have made a very good point, and a very good description you gave about water and oil, they can never mix and it is better they don't mix, and people don't even have the knowledge and they want to do crypto, which is not a very good way to move, and after buying they don't have patient to wait for the next market to get a huge profit, and I think the fault is from does introducing them, from the basics its better to make it very clear how the system works and what triggers the market and how the market is not predictable and encourage them to have patience.

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July 17, 2023, 03:06:41 AM
 #210

If you are very emotional and trading with that emotion then you don't need to trade. Because trading is never done by emotions, you have to do it with your intellect and strategy. If you can't control your emotions then you will lose all your money in this trading section. When you are doing trading you have to remember that you are a unemotional person you do everything you do with a lot of thought and then you do it. If you are angry about something you are angry about then you will show stupidity if you trade. Money is a very valuable resource in life so never lose it on impulse. Develop your trading skills and trading strategy After developing good trading skills, make yourself eager to learn more only then you will succeed in this section.

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armanda90
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July 17, 2023, 03:23:45 AM
 #211

Managed well controlling emotion is important in trading, emotion more dominance than your knowledge in trading this why most important thing in trading could control emotion exactly at the moment bitcoin drop. Almost investor faced panic moment for selling assets and loss controlling with their emotion, its difficult for trader to be success with their emotion on the first step forward than how to manage well with controlling emotion.
Don't trade if you still emotion, back later after can stop emotion and I think an expert trader understand well how to manage with emotion, they will understood about price drop and risk with investing in cryptocurrency and emotion is one important thing how to control.

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July 18, 2023, 08:09:32 AM
 #212

Refrain from getting emotional when it comes to trending Trading must be patient. If you are not patient, you will become emotional when you lose in trading which is not good for you at all. So first of all you need to know the details about trading very seriously. So that you don't break even if you face losses. You need to be careful about the risk first of trading and then trading. So you have to be patient so that you don't get emotional when you face a loss. You have to be careful about trading seriously and know all the things so that you can profit from the business.

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July 18, 2023, 08:41:35 AM
 #213

Emotions in trading is like water and oil, they don't mix well. If I've learnt one thing in this space it is patience. First you need to refine your analysis skills, master the skill of trading, employ patience and eschew emotions because it can alter your decision-making. Most traders today resort to using bots not because they lack the skill but because they can't trade without emotions, so consider AI grid trading if you find yourself in that category, maybe Bitget's AI Grid trading for a start
Virtually all traders had in one time or the other traded with emotions although it has a limit. If we know what we are doing and we have a tutor like a guidance taking us through the journey of becoming a good trader, it is very important that we encourage ourselves and work on emotion whenever we enter into trading.

 Trading is something we must be disciplined about or we might lost the focus and the strictness to trade in the right way. If we are not too calm as a trader, we might be taken over by the spirit of greed which will make us see trading like an opportunity to make quick money and like the market. If we have that kid of mentality, we might become a loser.

Controlling your emotion is very important as it will define how successful you can be when taking part into this business, trading is more on patience and with good handling of such emotions will give you a good chance of letting the market to move accordingly, as long as you are aware with how the market might turn and you are anticipating good bounce with your position, patience will continue to allow you to wait and see the right outcome that you set up with your trading investment.
I can relate to not being patient before because you know the feeling when you place a trade and you want to close it as it is not a loss or a small profit because I tend to have problems controlling my emotions and tend to overthink, like if this will go more, I should close it immediately. That is why patience is really a virtue mostly in trading. Planning the right moment to hit the trade makes you earn more profit on that entry.
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July 18, 2023, 03:08:32 PM
 #214

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

The more experience you've got in trading, the more lesson it will give the point here is did you adopt the mistakes and learnings or you keep sticking to the things you've been doing since you start in trading. We know trading is not only a battle of knowledge and skills it's also included emotions getting over it might risk your trades or even save it.
Self control is the best included with knowledge and sticking to plan. Too much commitment will cause you to have unexpected results. It may be loss or profit.

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July 18, 2023, 03:57:40 PM
 #215

Emotions in trading is like water and oil, they don't mix well. If I've learnt one thing in this space it is patience. First you need to refine your analysis skills, master the skill of trading, employ patience and eschew emotions because it can alter your decision-making. Most traders today resort to using bots not because they lack the skill but because they can't trade without emotions, so consider AI grid trading if you find yourself in that category, maybe Bitget's AI Grid trading for a start
Virtually all traders had in one time or the other traded with emotions although it has a limit. If we know what we are doing and we have a tutor like a guidance taking us through the journey of becoming a good trader, it is very important that we encourage ourselves and work on emotion whenever we enter into trading.

 Trading is something we must be disciplined about or we might lost the focus and the strictness to trade in the right way. If we are not too calm as a trader, we might be taken over by the spirit of greed which will make us see trading like an opportunity to make quick money and like the market. If we have that kid of mentality, we might become a loser.

Controlling your emotion is very important as it will define how successful you can be when taking part into this business, trading is more on patience and with good handling of such emotions will give you a good chance of letting the market to move accordingly, as long as you are aware with how the market might turn and you are anticipating good bounce with your position, patience will continue to allow you to wait and see the right outcome that you set up with your trading investment.
I can relate to not being patient before because you know the feeling when you place a trade and you want to close it as it is not a loss or a small profit because I tend to have problems controlling my emotions and tend to overthink, like if this will go more, I should close it immediately. That is why patience is really a virtue mostly in trading. Planning the right moment to hit the trade makes you earn more profit on that entry.

Very true in trading one should always be patient enough to not close a position with little profit. Sometimes traders close a position due to being inpatient and they earn far less profits due to their own emotions because if they let the trade going for some more time then they could earn a lot more profits from that trade.

It's always preferable to speculate an open position for some period before closing it, and one should always try to wait for the proper timing to earn better profit from a trade. Fear and impatient behavior are the enemies of traders and if a trader really wants to earn a lot of money then that trader should always learn to control those emotions.

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ancafe
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July 18, 2023, 06:42:26 PM
 #216

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
In addition to controlling emotions a trader must also have a strategy for trading, this strategy will be perfect if you understand patterns and are directly involved in trading. More losses are due to lack of knowledge about trading and added to emotional control that is not yet stable when involved in it. Never hope for luck in trading because it will make it look like a gamble and in the end you will lose more.

*What else is required for such a person to control,is it still his or her emotions or what next?
More precisely, maybe the intended trader has no experience, emotions cannot be controlled and the strategy is not appropriate to use in certain conditions.

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Strengthen knowledge about how to recognize the right strategy because sometimes when the market fluctuates we have to change certain strategies to adjust and that can all be achieved when the knowledge about trading has been maximally learned.

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July 18, 2023, 06:53:41 PM
 #217

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
So there could be many reasons why still someone is in loss when he has controlled emotion and basics things what should be learned. Actually when your emotions are in control you will take right decisions according to the analysis and never rush to buy or be a panic seller. It also helps to reduce loses and probability of taking risks.

We have to know in which coins / tokens he is trading? Obviously we can't predict accurately a newly launched coins/tokens and obviously their team behavior. Some tokens will not listen either technical analysis or a good trading strategy because they can be manipulated by the whales, teams or many more. So it can be a major cause to be in loss when you have all the things in control. So beside controlled emotion we must have a strong analysis based choice to trade and obviously have to learn how loses can be minimized. Because minimizing loses is a very important part to be a good trader. So don't blame on your emotions also learn how to find out potential Cryptocurrencies for trading.
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July 18, 2023, 08:04:11 PM
 #218

If you can't control your emotions, then don't think of risking your money in the first place.
Another point that brings emotions to trading is when you are trading with the amount of money you can't afford to lose,
people trade with money that they want to use tomorrow thinking that trading is a get-rich-quick business that will double their money for them, Thereby making all the expectations to be on the profit side only and any slight loss they are tensed already.

R


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July 18, 2023, 08:17:35 PM
 #219

Emotions in trading is like water and oil, they don't mix well. If I've learnt one thing in this space it is patience. First you need to refine your analysis skills, master the skill of trading, employ patience and eschew emotions because it can alter your decision-making. Most traders today resort to using bots not because they lack the skill but because they can't trade without emotions, so consider AI grid trading if you find yourself in that category, maybe Bitget's AI Grid trading for a start
Virtually all traders had in one time or the other traded with emotions although it has a limit. If we know what we are doing and we have a tutor like a guidance taking us through the journey of becoming a good trader, it is very important that we encourage ourselves and work on emotion whenever we enter into trading.

 Trading is something we must be disciplined about or we might lost the focus and the strictness to trade in the right way. If we are not too calm as a trader, we might be taken over by the spirit of greed which will make us see trading like an opportunity to make quick money and like the market. If we have that kid of mentality, we might become a loser.

Controlling your emotion is very important as it will define how successful you can be when taking part into this business, trading is more on patience and with good handling of such emotions will give you a good chance of letting the market to move accordingly, as long as you are aware with how the market might turn and you are anticipating good bounce with your position, patience will continue to allow you to wait and see the right outcome that you set up with your trading investment.
I can relate to not being patient before because you know the feeling when you place a trade and you want to close it as it is not a loss or a small profit because I tend to have problems controlling my emotions and tend to overthink, like if this will go more, I should close it immediately. That is why patience is really a virtue mostly in trading. Planning the right moment to hit the trade makes you earn more profit on that entry.

Very true in trading one should always be patient enough to not close a position with little profit. Sometimes traders close a position due to being inpatient and they earn far less profits due to their own emotions because if they let the trade going for some more time then they could earn a lot more profits from that trade.

It's always preferable to speculate an open position for some period before closing it, and one should always try to wait for the proper timing to earn better profit from a trade. Fear and impatient behavior are the enemies of traders and if a trader really wants to earn a lot of money then that trader should always learn to control those emotions.
All matters with your target or selling point because not all would really be that the same when it comes to their selling or buying point when the price hits up on a particular range on which it would really be just depending whether you would really be acting out on basing on what you have done earlier whether taking profits or hold up your position or wouldnt really be caring at all since you are really that going after for long term.It is true that emotion is one of the biggest factor on which it could really affect someone when it comes to decision making and since we are dealing on a market on which its price is really that truly unpredictable
on which its never been that shocking nor surprising that people would really be sometimes to be that impulsive when it comes into their decisions towards their trading.

If you are really just that starting up then you would really be having that kind of common problem on which you would really be altering out your plans or analysis just because of certain common factors along the way.
Unlike when you are that experienced already then you do really know on what you should gonna do on times like this on which it would really be just that common on what you should gonna take or
on how you would really be reacting on.

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July 19, 2023, 10:53:27 AM
 #220

Emotions in trading is like water and oil, they don't mix well. If I've learnt one thing in this space it is patience. First you need to refine your analysis skills, master the skill of trading, employ patience and eschew emotions because it can alter your decision-making. Most traders today resort to using bots not because they lack the skill but because they can't trade without emotions, so consider AI grid trading if you find yourself in that category, maybe Bitget's AI Grid trading for a start
Virtually all traders had in one time or the other traded with emotions although it has a limit. If we know what we are doing and we have a tutor like a guidance taking us through the journey of becoming a good trader, it is very important that we encourage ourselves and work on emotion whenever we enter into trading.

 Trading is something we must be disciplined about or we might lost the focus and the strictness to trade in the right way. If we are not too calm as a trader, we might be taken over by the spirit of greed which will make us see trading like an opportunity to make quick money and like the market. If we have that kid of mentality, we might become a loser.

Controlling your emotion is very important as it will define how successful you can be when taking part into this business, trading is more on patience and with good handling of such emotions will give you a good chance of letting the market to move accordingly, as long as you are aware with how the market might turn and you are anticipating good bounce with your position, patience will continue to allow you to wait and see the right outcome that you set up with your trading investment.
I can relate to not being patient before because you know the feeling when you place a trade and you want to close it as it is not a loss or a small profit because I tend to have problems controlling my emotions and tend to overthink, like if this will go more, I should close it immediately. That is why patience is really a virtue mostly in trading. Planning the right moment to hit the trade makes you earn more profit on that entry.

It's a killer for most traders I guess, without a patience you surely feel that way, thinking that you need to stop because the market is moving the other side and the chance of losing more might come your way, only to realize that it's just a test and the market will bounce back and pump up even stronger, if you are not ready in that kind of situation for sure you will keep losing your money.

You need to make sure that by stepping into this business, you are both mentally and financially ready. I mean, you are willing to take the risk and you are ready to wait and hold until you hit your target entry and exit positions.

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uswa56
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July 19, 2023, 12:41:33 PM
 #221

It's a killer for most traders I guess, without a patience you surely feel that way, thinking that you need to stop because the market is moving the other side and the chance of losing more might come your way, only to realize that it's just a test and the market will bounce back and pump up even stronger, if you are not ready in that kind of situation for sure you will keep losing your money.

You need to make sure that by stepping into this business, you are both mentally and financially ready. I mean, you are willing to take the risk and you are ready to wait and hold until you hit your target entry and exit positions.

It is very difficult to control emotions, of course everything has been well planned from the start and will be ready with everything but sometimes there are things that are difficult to control and emotions cannot be contained so that it becomes a big problem for traders, this is something that cannot be predicted .
But slowly we can learn some things to be able to control our emotions, I learned a lot from the experiences that have happened because with emotions we will lose everything.
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July 20, 2023, 02:49:26 AM
 #222

It's a killer for most traders I guess, without a patience you surely feel that way, thinking that you need to stop because the market is moving the other side and the chance of losing more might come your way, only to realize that it's just a test and the market will bounce back and pump up even stronger, if you are not ready in that kind of situation for sure you will keep losing your money.

You need to make sure that by stepping into this business, you are both mentally and financially ready. I mean, you are willing to take the risk and you are ready to wait and hold until you hit your target entry and exit positions.

It is very difficult to control emotions, of course everything has been well planned from the start and will be ready with everything but sometimes there are things that are difficult to control and emotions cannot be contained so that it becomes a big problem for traders, this is something that cannot be predicted .
But slowly we can learn some things to be able to control our emotions, I learned a lot from the experiences that have happened because with emotions we will lose everything.

It's better to learn even in a little way, by experienced you'll be able to enhance your anticipation and it's important to analyze and anticipate what will be the next market movement, emotion should be taken away when you position your entry or when you are positioning your exit, it's matter the most not to be moved by your emotion but instead it should be by knowledge and experienced.

More on your determination and practice with whatever strategy you wanted to execute and what patterns you want to follow.

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July 20, 2023, 07:11:16 PM
Last edit: July 22, 2023, 03:15:46 AM by RewFrew
 #223

The only way to trade successfully is to control your emotions hope greed, fear and regret are four emotions that are related to traders. These emotions must be suppressed in order to be satisfied and successful after conducting extensive research, mechanizing the business process is the most effective method of controlling emotions. Mechanization here refers to mechanizing the trading action instead of relying solely on tools or software.
I am really agree with you. For good trading at first we need control our emotion. Emotional trade never give us good result. Who will able to control emotion he will be profitable in trade. So we will be control our emotion in trade. Patience is also important things for trading. Some times we saw we are profited and some times we are loser in trade but don't afraid or Don't more happy and control emotion. When we able to control emotion then we able to get profit and reduce loss. So emotion controlling is most important to trading.

rojan
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July 21, 2023, 05:18:04 AM
 #224

The only way to trade successfully is to control your emotions hope greed, fear and regret are four emotions that are related to traders. These emotions must be suppressed in order to be satisfied and successful after conducting extensive research, mechanizing the business process is the most effective method of controlling emotions. Mechanization here refers to mechanizing the trading action instead of relying solely on tools or software.
I am really agree with you. For good trading at first we need control our emotion. Emotional trade never give us good result. Who will able to control emotion he will be profitable in trade. So we will be control our emotion in trade.
trade is not done by all people who can control their emotions and trade only they will be successful. I think we should always keep an eye on cryptomarket to trade. To be a successful trader we should trade according to rules and reasons. To trade and profit we should be patient. If someone can be patient then it will be very good for him.


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Lanatsa
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July 21, 2023, 09:55:28 PM
 #225

It's a killer for most traders I guess, without a patience you surely feel that way, thinking that you need to stop because the market is moving the other side and the chance of losing more might come your way, only to realize that it's just a test and the market will bounce back and pump up even stronger, if you are not ready in that kind of situation for sure you will keep losing your money.

You need to make sure that by stepping into this business, you are both mentally and financially ready. I mean, you are willing to take the risk and you are ready to wait and hold until you hit your target entry and exit positions.

It is very difficult to control emotions, of course everything has been well planned from the start and will be ready with everything but sometimes there are things that are difficult to control and emotions cannot be contained so that it becomes a big problem for traders, this is something that cannot be predicted .
But slowly we can learn some things to be able to control our emotions, I learned a lot from the experiences that have happened because with emotions we will lose everything.

It's better to learn even in a little way, by experienced you'll be able to enhance your anticipation and it's important to analyze and anticipate what will be the next market movement, emotion should be taken away when you position your entry or when you are positioning your exit, it's matter the most not to be moved by your emotion but instead it should be by knowledge and experienced.

More on your determination and practice with whatever strategy you wanted to execute and what patterns you want to follow.
The more experience you do have or engagement the more skills you would be able to develop and the more you do have that good self control when it comes to emotions which is something that you should be

taking slowly but surely kind of pace and not into those people who are really that rushing on knowing everything or in one go on which it is something that not recommendable. Dont rush up on things if you
dont like on suffering lots of mistakes and errors because this is where people would usually be ending up on losing money because they are really that too rush up on decisioning on things.
Emotions are normal since we are just humans and we dont really like on losing money on which it is really just that common to have that kind of reaction on the time that we do really make
out these kind of engagement.

Trading is never been that simple or something that you could really be able to bare up the risk with and plus with having that unpredictable and random market when it comes to
movement then this would be molding up lots of emotions and boggling in your mind and this is why its always been a challenge for everyone who are really that engaging into it.

R


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July 21, 2023, 11:18:15 PM
 #226

It is very difficult to control emotions, of course everything has been well planned from the start and will be ready with everything but sometimes there are things that are difficult to control and emotions cannot be contained so that it becomes a big problem for traders, this is something that cannot be predicted .
Indeed, even though in theory, there are several steps that can be taken to manage and control our emotions in any case, especially in trading, but in reality it's not that easy. Especially if we basically often feel panicky and lose control, this will be difficult (but that doesn't mean it's impossible). Emotional management is one of the keys in trading to be able to trade properly, wisely and smartly in all conditions. Because if we are still unable to control our emotions, maybe this will make it easier for us to experience losses, especially when the market suddenly drops significantly in a short time. That's why it takes continuous and consistent practice to keep trying to manage our emotions.

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July 21, 2023, 11:56:30 PM
 #227

It is very difficult to control emotions, of course everything has been well planned from the start and will be ready with everything but sometimes there are things that are difficult to control and emotions cannot be contained so that it becomes a big problem for traders, this is something that cannot be predicted .

Being emotional while trading has been always risky. It becomes like gambling when you are emotional. You might not have a proper sense when you become emotional during your trading period. You must control yourself or stop trading until you recover. I compared it with gambling because whenever we lose, we place another bet more a bigger amount and in most cases, we lose the bet.

You have to think about it that we are not going to win every time. In trading, we are not going to make profit from each trade, If we lose from a session, we should take a break and then start a new session.

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July 22, 2023, 06:39:49 AM
 #228

It's a killer for most traders I guess, without a patience you surely feel that way, thinking that you need to stop because the market is moving the other side and the chance of losing more might come your way, only to realize that it's just a test and the market will bounce back and pump up even stronger, if you are not ready in that kind of situation for sure you will keep losing your money.

You need to make sure that by stepping into this business, you are both mentally and financially ready. I mean, you are willing to take the risk and you are ready to wait and hold until you hit your target entry and exit positions.

It is very difficult to control emotions, of course everything has been well planned from the start and will be ready with everything but sometimes there are things that are difficult to control and emotions cannot be contained so that it becomes a big problem for traders, this is something that cannot be predicted .
But slowly we can learn some things to be able to control our emotions, I learned a lot from the experiences that have happened because with emotions we will lose everything.

It's better to learn even in a little way, by experienced you'll be able to enhance your anticipation and it's important to analyze and anticipate what will be the next market movement, emotion should be taken away when you position your entry or when you are positioning your exit, it's matter the most not to be moved by your emotion but instead it should be by knowledge and experienced.

More on your determination and practice with whatever strategy you wanted to execute and what patterns you want to follow.
The more experience you do have or engagement the more skills you would be able to develop and the more you do have that good self control when it comes to emotions which is something that you should be

taking slowly but surely kind of pace and not into those people who are really that rushing on knowing everything or in one go on which it is something that not recommendable. Dont rush up on things if you
dont like on suffering lots of mistakes and errors because this is where people would usually be ending up on losing money because they are really that too rush up on decisioning on things.
Emotions are normal since we are just humans and we dont really like on losing money on which it is really just that common to have that kind of reaction on the time that we do really make
out these kind of engagement.

Trading is never been that simple or something that you could really be able to bare up the risk with and plus with having that unpredictable and random market when it comes to
movement then this would be molding up lots of emotions and boggling in your mind and this is why its always been a challenge for everyone who are really that engaging into it.


As long your determination to learn things, there's no doubt that with experienced you'll learn how to react in each market situation, it's not easy to adopt but it's doable when you are willing to adjust in the sense that you'll be able to see potential compensations, trading is more on preparedness and having that ability to anticipate the right way, though there's no accurate prediction but there's always a trace that you can use as basis or patterns that will guide you to anticipate the possible next market run.

More on how you take it seriously and how you will process each market outcome and use it for future market trade, adjust and always find the best possible way to adopt with every entry and exit position that you will going to take.

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July 22, 2023, 06:47:21 AM
 #229

Emotions are difficult things for us to control when trading, many factors that make us not easily control emotions, for example are FUDS that are scattered on the internet, making us worry for hold, or vice versa positive news in the market and makes us very eager to buy, of course all have the same risk, and emotional control is a process and experience.


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July 22, 2023, 12:56:15 PM
 #230

Emotions are difficult things for us to control when trading, many factors that make us not easily control emotions, for example are FUDS that are scattered on the internet, making us worry for hold, or vice versa positive news in the market and makes us very eager to buy, of course all have the same risk, and emotional control is a process and experience.
Controlling emotions in trading is not as easy as it is talked about. Emotional control sounds simple but it is difficult when practiced. Even not only in daily trading but emotional control is also needed in the accumulation strategy for long term investment in Bitcoin. I used to be in a rush to accumulate because I saw the rapid price increase that was happening to bitcoin. Even though if I was patient waiting for each of my entry points to be filled, it would be much better. Because after I accumulated it turned out that the price had indeed come back down. And it made me slightly regret my previous decision that had been hastily accumulated. But well experience is the best lesson. Since then I have become more disciplined not to rush into taking any action in trading crypto and also in investing in bitcoin. Especially if it's for the long term then there's no point in us buying in a hurry. it would be better if we only buy when there is a correction only.

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July 22, 2023, 06:38:59 PM
 #231

It's a killer for most traders I guess, without a patience you surely feel that way, thinking that you need to stop because the market is moving the other side and the chance of losing more might come your way, only to realize that it's just a test and the market will bounce back and pump up even stronger, if you are not ready in that kind of situation for sure you will keep losing your money.

You need to make sure that by stepping into this business, you are both mentally and financially ready. I mean, you are willing to take the risk and you are ready to wait and hold until you hit your target entry and exit positions.

It is very difficult to control emotions, of course everything has been well planned from the start and will be ready with everything but sometimes there are things that are difficult to control and emotions cannot be contained so that it becomes a big problem for traders, this is something that cannot be predicted .
But slowly we can learn some things to be able to control our emotions, I learned a lot from the experiences that have happened because with emotions we will lose everything.
One of the things that makes it so difficult for some people not to be able to control their emotions is too desperate to make profit from every trade and when there is no discipline in trading it makes people not to keep to the rules of trading which will end up trading with emotions trying to male gains by all means. What helps in overcoming emotions to get the main understanding of trading and follow the rules, and to already understand emotions is one of challenge to bad trading result.

R


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July 24, 2023, 11:59:28 PM
 #232

It's a killer for most traders I guess, without a patience you surely feel that way, thinking that you need to stop because the market is moving the other side and the chance of losing more might come your way, only to realize that it's just a test and the market will bounce back and pump up even stronger, if you are not ready in that kind of situation for sure you will keep losing your money.

You need to make sure that by stepping into this business, you are both mentally and financially ready. I mean, you are willing to take the risk and you are ready to wait and hold until you hit your target entry and exit positions.

It is very difficult to control emotions, of course everything has been well planned from the start and will be ready with everything but sometimes there are things that are difficult to control and emotions cannot be contained so that it becomes a big problem for traders, this is something that cannot be predicted .
But slowly we can learn some things to be able to control our emotions, I learned a lot from the experiences that have happened because with emotions we will lose everything.
One of the things that makes it so difficult for some people not to be able to control their emotions is too desperate to make profit from every trade and when there is no discipline in trading it makes people not to keep to the rules of trading which will end up trading with emotions trying to male gains by all means. What helps in overcoming emotions to get the main understanding of trading and follow the rules, and to already understand emotions is one of challenge to bad trading result.
Emotions is something that them main reason on why we do change out our earlier decisions which is common but with due experience then you would really be able to handle yourself out.
It would really be just normal that we would really be facing up some mistakes or errors because not everyone would really be that so perfect specially on trading.There would be days that we might be profitable and there are days which arent.This is why it would really be something a journey that you cant really be able to reach out that kind of pinnacle on making yourself that stable. If you do come into a point that you are
considered to be a good profitable trader then despite of the losses you do have, you could still make profits in the end of the day which this is something that what matter the most.

R


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July 25, 2023, 02:29:48 PM
 #233

The only way to trade successfully is to control your emotions hope greed, fear and regret are four emotions that are related to traders. These emotions must be suppressed in order to be satisfied and successful after conducting extensive research, mechanizing the business process is the most effective method of controlling emotions. Mechanization here refers to mechanizing the trading action instead of relying solely on tools or software.
I am really agree with you. For good trading at first we need control our emotion. Emotional trade never give us good result. Who will able to control emotion he will be profitable in trade. So we will be control our emotion in trade.
trade is not done by all people who can control their emotions and trade only they will be successful. I think we should always keep an eye on cryptomarket to trade. To be a successful trader we should trade according to rules and reasons. To trade and profit we should be patient. If someone can be patient then it will be very good for him.
A person who can't control his anger or can't control his emotions how can he control his business. It can be seen that the businessman has taken a wrong decision in business without being able to control his emotions while involved in business. For example, no one can show people who have achieved success in life by making decisions based on anger. A good decision will never come in the head of anger, so keeping a cool head in all situations is the job of an ideal businessman. Everyone dreams of becoming a successful person in business but their anger and their emotions stand in their way. Every trader must first learn to control his anger and emotions and then take business decisions only then he can achieve success in life.

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July 25, 2023, 02:39:43 PM
 #234

A person who can't control his anger or can't control his emotions how can he control his business. It can be seen that the businessman has taken a wrong decision in business without being able to control his emotions while involved in business. For example, no one can show people who have achieved success in life by making decisions based on anger. A good decision will never come in the head of anger, so keeping a cool head in all situations is the job of an ideal businessman. Everyone dreams of becoming a successful person in business but their anger and their emotions stand in their way. Every trader must first learn to control his anger and emotions and then take business decisions only then he can achieve success in life.
maybe this understanding is the same for a gambler as well as a trader. Emotional control is important for people who do both. beginners in trading may find it difficult if they have to control their emotions. even in every trade beginners tend to panic. maybe not all because everyone has their own character. but whoever trades with emotions, will face bigger losses.



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July 26, 2023, 01:59:45 AM
 #235

A person who can't control his anger or can't control his emotions how can he control his business. It can be seen that the businessman has taken a wrong decision in business without being able to control his emotions while involved in business. For example, no one can show people who have achieved success in life by making decisions based on anger. A good decision will never come in the head of anger, so keeping a cool head in all situations is the job of an ideal businessman. Everyone dreams of becoming a successful person in business but their anger and their emotions stand in their way. Every trader must first learn to control his anger and emotions and then take business decisions only then he can achieve success in life.
maybe this understanding is the same for a gambler as well as a trader. Emotional control is important for people who do both. beginners in trading may find it difficult if they have to control their emotions. even in every trade beginners tend to panic. maybe not all because everyone has their own character. but whoever trades with emotions, will face bigger losses.

Emotions will kill your trade as most the time you are being move by fear and excitement, meaning to say that you are prone in following the situation without doing your research, if you are doing it like this same with what you said, it's been done the same way with gambling, I think there's a need of re-assessing yourself and the way you understand the business.

Always refer to your decision making with valid proof and evidence that it might go in the direction that you are anticipating and not just
being moved because of emotions that you feel inside.

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gunhell16
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July 26, 2023, 08:56:09 AM
 #236

It's a killer for most traders I guess, without a patience you surely feel that way, thinking that you need to stop because the market is moving the other side and the chance of losing more might come your way, only to realize that it's just a test and the market will bounce back and pump up even stronger, if you are not ready in that kind of situation for sure you will keep losing your money.

You need to make sure that by stepping into this business, you are both mentally and financially ready. I mean, you are willing to take the risk and you are ready to wait and hold until you hit your target entry and exit positions.

It is very difficult to control emotions, of course everything has been well planned from the start and will be ready with everything but sometimes there are things that are difficult to control and emotions cannot be contained so that it becomes a big problem for traders, this is something that cannot be predicted .
But slowly we can learn some things to be able to control our emotions, I learned a lot from the experiences that have happened because with emotions we will lose everything.

It's better to learn even in a little way, by experienced you'll be able to enhance your anticipation and it's important to analyze and anticipate what will be the next market movement, emotion should be taken away when you position your entry or when you are positioning your exit, it's matter the most not to be moved by your emotion but instead it should be by knowledge and experienced.

More on your determination and practice with whatever strategy you wanted to execute and what patterns you want to follow.

In fact, we learn from the experience we go through, especially in conducting trading activity here in the Bitcoin or Ceyptocurrency field. And I also agree that. Sometimes our emotions are uncontrollable especially when we suddenly see that the value of the crypto we hold.

In this case, we often feel panic and anxiety, which should not be that way. So it is important that our knowledge here in Bitcoin or Crypto is great.

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Bitcoin_people
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July 30, 2023, 02:00:30 AM
 #237

It's a killer for most traders I guess, without a patience you surely feel that way, thinking that you need to stop because the market is moving the other side and the chance of losing more might come your way, only to realize that it's just a test and the market will bounce back and pump up even stronger, if you are not ready in that kind of situation for sure you will keep losing your money.

You need to make sure that by stepping into this business, you are both mentally and financially ready. I mean, you are willing to take the risk and you are ready to wait and hold until you hit your target entry and exit positions.

It is very difficult to control emotions, of course everything has been well planned from the start and will be ready with everything but sometimes there are things that are difficult to control and emotions cannot be contained so that it becomes a big problem for traders, this is something that cannot be predicted .
But slowly we can learn some things to be able to control our emotions, I learned a lot from the experiences that have happened because with emotions we will lose everything.

It's better to learn even in a little way, by experienced you'll be able to enhance your anticipation and it's important to analyze and anticipate what will be the next market movement, emotion should be taken away when you position your entry or when you are positioning your exit, it's matter the most not to be moved by your emotion but instead it should be by knowledge and experienced.

More on your determination and practice with whatever strategy you wanted to execute and what patterns you want to follow.

In fact, we learn from the experience we go through, especially in conducting trading activity here in the Bitcoin or Ceyptocurrency field. And I also agree that. Sometimes our emotions are uncontrollable especially when we suddenly see that the value of the crypto we hold.

In this case, we often feel panic and anxiety, which should not be that way. So it is important that our knowledge here in Bitcoin or Crypto is great.
Of course when we hold any crypto we should hold it with patience. When we conduct activity in Bitcoin and cryptocurrency trading, the market often goes down. At that time, if we hold on to something that loses meaning, we become emotionally attached. At those times we cannot control our emotions so we have to be very patient in that regard. When the market goes down, instead of panicking, we should be strictly patient so that we don't get emotional later on. But we must know that holding Bitcoin will allow us to earn money again. The important thing is that trading in crypto must be done with patience rather than being emotional it will be great.

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July 30, 2023, 03:28:55 PM
 #238

The two don't work together well.Too much emotions in trading will definitely results into losses ,Trading is not easy at all one need to control his or her emotions from the charts Learn to be more calm and patience in order to make consistent profits  from the market

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macson
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July 30, 2023, 07:19:01 PM
 #239

Patience is also important things for trading. Some times we saw we are profited and some times we are loser in trade but don't afraid or Don't more happy and control emotion. When we able to control emotion then we able to get profit and reduce loss. So emotion controlling is most important to trading.
i support your sentence which i bolded....

keep in mind that in this world no human being is perfect let alone a trader who fights with uncertainty all the time, professional traders have a low percentage of losses, if you meet a professional trader then he will definitely answer things about emotion recognition that is very crucial in trading.

Emotions are difficult things for us to control when trading, many factors that make us not easily control emotions, for example are FUDS that are scattered on the internet, making us worry for hold, or vice versa positive news in the market and makes us very eager to buy, of course all have the same risk, and emotional control is a process and experience.
often environmental factors and hormones affect a trader's emotions every day (not only FUD that appear on the internet) always remember that every day is a time to learn, there is no end in trading.

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July 30, 2023, 08:47:28 PM
 #240

Of course when we hold any crypto we should hold it with patience. When we conduct activity in Bitcoin and cryptocurrency trading, the market often goes down.
When we decide to hold crypto coins, it means we are ready to keep it patiently. If we can't hold crypto coins patiently, we don't hold a long time but we should prefer to do day trading. I'm sure everyone can hold crypto coins in a day, it only take for hours.  Grin

There is no way that we expect the market always increases, it is impossible. The market always goes down and increases, it is the nature of the market. Moreover, it is crypto market, the prices are very volatile. The volatility makes crypto prices easily to goes up and drop in a short time. That's why trading and investing in crypto is high risk, it is because of its high volatility.

The important thing is that trading in crypto must be done with patience rather than being emotional it will be great.
Everyone knows this, a trader or an investor must be patient. If someone can't be patient, kindly avoid to join trading or investing in crypto. No everyone has the capability to trade or invest in crypto, it is because not everyone can have a good emotional control.


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Franctoshi
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July 30, 2023, 09:29:55 PM
 #241

keep in mind that in this world no human being is perfect let alone a trader who fights with uncertainty all the time, professional traders have a low percentage of losses, if you meet a professional trader then he will answer things about emotion recognition which is very crucial in trading.
Emotional control is a very key aspect of our trading journey which must be taken seriously, The world of trading is risky as it involves losing and gaining money and emotions must be attached. To control emotions we must risk what we can afford to lose, then secondly as a trader, we must understand the fact that either you gain it or you lose it, Having the mindset of only thinking to always win will in the end bring emotions when you lose.
Lastly,  we must avoid trading with a lower timeframe because of its noise, and with that, you will be to tackle attaching emotions when trading.

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July 31, 2023, 07:29:25 AM
 #242

Emotional control is a very key aspect of our trading journey which must be taken seriously, The world of trading is risky as it involves losing and gaining money and emotions must be attached. To control emotions we must risk what we can afford to lose, then secondly as a trader, we must understand the fact that either you gain it or you lose it, Having the mindset of only thinking to always win will in the end bring emotions when you lose.
Lastly,  we must avoid trading with a lower timeframe because of its noise, and with that, you will be to tackle attaching emotions when trading.

Do you think that traders who trade millions of dollars only trade what they are willing to lose? At some point, when a trader realizes that he can earn good money on this, he starts trading for much larger amounts than those that he is ready to lose. But if you always trade only what you are willing to lose, then the results will be mediocre, and you will not lose much, but you will not be able to earn much either. Trading is a risk, and those who are willing to take risks will achieve great results.

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July 31, 2023, 11:29:44 AM
 #243

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
It seems to me trading is based only on observations and own experience. You cannot go far with emotions, the best way to turn them off.
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July 31, 2023, 01:44:10 PM
 #244

keep in mind that in this world no human being is perfect let alone a trader who fights with uncertainty all the time, professional traders have a low percentage of losses, if you meet a professional trader then he will answer things about emotion recognition which is very crucial in trading.
Emotional control is a very key aspect of our trading journey which must be taken seriously, The world of trading is risky as it involves losing and gaining money and emotions must be attached. To control emotions we must risk what we can afford to lose, then secondly as a trader, we must understand the fact that either you gain it or you lose it, Having the mindset of only thinking to always win will in the end bring emotions when you lose.
Lastly,  we must avoid trading with a lower timeframe because of its noise, and with that, you will be to tackle attaching emotions when trading.
Regarding emotional control in trading activities is indeed quite important. Even if we already have good market analysis skills, but if we practice trading, it turns out that we still can't control our emotions, so of course we still won't be able to become reliable traders. People who are not good at controlling their emotions are those who are only constantly influenced by market trends. An example is being exposed to FOMO.

And so that we can control our emotions in trading there is actually a special formula in this. I was told by a friend of mine that in order for us to be more able to control our emotions in trading, we must first know where our position is in the market. Or in other words we have to be good at market sentimental analysis. So we should be able to see the hype movement in the market. whether the hype is at the beginning, at the peak or at the end. If we know where we are then we will be quite calm in making decisions. Like if we know that the hype has just started then of course we will be calm in buying and will be ready to sell when the hype starts to peak. We will calmly sell when we know that the hype will end soon. Now, people who cannot make analysis in terms of market sentiment are those who are more prone to not being able to control their own emotions. Because sometimes excessive greed and fear will make traders get out of their own analysis and plans that they have made.

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Fredomago
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August 01, 2023, 11:18:16 AM
 #245

Emotional control is a very key aspect of our trading journey which must be taken seriously, The world of trading is risky as it involves losing and gaining money and emotions must be attached. To control emotions we must risk what we can afford to lose, then secondly as a trader, we must understand the fact that either you gain it or you lose it, Having the mindset of only thinking to always win will in the end bring emotions when you lose.
Lastly,  we must avoid trading with a lower timeframe because of its noise, and with that, you will be to tackle attaching emotions when trading.

Do you think that traders who trade millions of dollars only trade what they are willing to lose? At some point, when a trader realizes that he can earn good money on this, he starts trading for much larger amounts than those that he is ready to lose. But if you always trade only what you are willing to lose, then the results will be mediocre, and you will not lose much, but you will not be able to earn much either. Trading is a risk, and those who are willing to take risks will achieve great results.

Making sense and it's reality, those big whales are also traders who seen the opportunity, they bring millions and they take that big risk as they expect that huge amount of profits, same with your argument, if you play with your capital the outcome will dictate the value of your potential profits, the more money you risk with your trade position the higher the chance that you may lose a lot or if anticipation is correct, then the amount of benefits are also huge.

It's your decision making that matters, knowledge and a big good luck will allow you to make that huge benefits, just know how to play with that emotions and be precise about how you understand the market in order not to be  move by some shake around.

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