Emotion and Trade?

[Mr.right85]

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.

[Finestream]

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.

[MaterialMouse69]

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.

[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?

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.

[cydrix]

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.

[Sakanwa]

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.

[Unbunplease]

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.

[Oilacris]

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.

[Jatiluhung]

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.

[Russlenat]

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.

*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.

[touseefahmad1999]

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

[Jatiluhung]

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.

[Fondarchand]

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.

[usekevin]

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.

[carlfebz2]

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.

[bbigtart]

*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.

*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.

[nurilham]

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.

[tazmantasik]

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.

[xSkylarx]

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

[Renampun]

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.