Emotion and Trade?

[DevilSlayer]

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.

[death69]

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!

[Renampun]

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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.

[Patrol69]

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

[goldkingcoiner]

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.

[mvdheuvel1983]

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.

[Rockstarguy]

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.

[MFahad]

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.

[stomachgrowls]

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.

[Bushdark]

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.

[LUCKMCFLY]

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.

[xSkylarx]

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 .

[Bitcoin_people]

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.

[Yamifoud]

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. 

[Mahanton]

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.

[Jatiluhung]

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.

[Twentyonepaylots]

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.

[Unbunplease]

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.

[Fivestar4everMVP]

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.

[Games.Bitcoin]

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.