Emotion and Trade?

[AnonBitCoiner]

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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[1714702350]

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[Wapfika]

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.

[sujonali1819]

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.

[Flexystar]

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.

[Wiwo]

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.

[bitzizzix]

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.

[rhomelmabini]

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.

[bittraffic]

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.

[stomachgrowls]

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.

[Jody.Drummer]

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.

[goaldigger]

*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,

[Sakanwa]

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.

[lalabotax]

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.

[Fatunad]

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.

[blockman]

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.

[MusaPk]

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.

[Strongkored]

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.

[wxa7115]

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.

[Sterbens]

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.

[Sakanwa]

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.