Emotion and Trade?

[Lida93]

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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[Awaklara]

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.

[worle1bm]

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.

[maydna]

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.

[Natalim]

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.

[AicecreaME]

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.

[beerlover]

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.

[RockBell]

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.

[isaac_clarke22]

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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.

[GeorgeJohn]

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.

[_BlackStar]

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.

[Bestdss]

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.

[Hyphen(-)]

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.

[milewilda]

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.

[bitgolden]

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.

[Cling18]

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.

[Kelvinid]

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.

[Johnyz]

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.

[nurilham]

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.

[Oceat]

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.