Emotion and Trade?

[Zilon]

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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[lienfaye]

*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.

[crwth]

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

[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.

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.

[bounceback]

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.

[xSkylarx]

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.

[Xampeuu]

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

[tygeade]

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.

[yudi09]

*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.

[Hypnosis00]

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.

[KingsDen]

*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.

[jrrsparkles]

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.

[tjtonmoy]

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.

[jostorres]

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.

[slashz9]

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.

[DoublerHunter]

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.

[Hamphser]

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.

[Viscore]

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.

[Scripture]

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.

[michellee]

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.