Emotion and Trade?

[Faisal2202]

*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 totally agree with your point but sometimes emotions save you too, like when i started trading, i trade on emotions (yeah you heard right i traded totally on emotions, it was really dumb) But you know what after losing some money i came e to know if i want to do emotional trading (new word) then i have to select one token and only have to trade on it and that token must be volatile (highly) so that I could earn and loss too (hehe).

After then i started to make some profit but I was not using "Stop-Loss" When you don't use it, you have to check the market again and again as you want to make profits and when you set the stop-loss then it could decrease the chances of getting high profits but it's still in our favor to use it as sometimes your greed for more and didn't exit the market and after 2 minutes you are in a situation where you can't exit now and you are stuck with the market's sentiment.

So, my main advice for a newbie is to,

• Never do emotional trading
• Always use Stop-loss
• Do not over-trade, only trade as much as you want to earn money (don't become greedy because greed is a curse) if you will become you might lose your own money (in the future).
• Start with spot trading, and try to control your emotions, as when your friend whom you trust more than you, if he told you the market will crash you still have to control your emotions and personally analyze the market.

Further, you should trade on the basis of stats no on the basis of emotions but following emotions can save you some time. (only when it's your time).

[Smartprofit]

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?

In my opinion, in order to control their emotions, a trader needs an interesting lifestyle. 

In addition to trade, daily walks in the fresh air, trips to other countries, meetings with friends, sex with beautiful girls, attending music concerts and art exhibitions, dancing and meditation are necessary.  An interesting and vibrant lifestyle allows you to create new neural connections in the brain.  This enables the trader to use non-standard and effective trading mistakes, avoid strong trading stress and not make mistakes. 

In my opinion, trading should be organically integrated into the daily life of a trader.  This will be the key to successful and profitable trading in the cryptocurrency market.

[LogitechMouse]

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.

No.
Basically, if you tried trading, you can consider yourself a trader already. You don't need to control your emotions so that you can call yourself a trader. There are many traders out there who don't know how to control their emotions, and they call themselves a trader. A failed trader.

Learning how to control your emotion doesn't guarantee you will get profit in trading. Controlling your emotion is just one of the things that you must learn if you want to be a successful trader.

*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'm not a pro trader, but I guess there's nothing to control aside from controlling your emotions. Maybe controlling your capital when you are starting? You can include that as well.

If you learn how to control your emotions already, what you need to do next is to know how to read charts. I believe technical analysis really helps whenever you are trading. Don't listen too much to the news, and focus more on what you are seeing in the charts. I'm trading, and TBH there are times that I'm losing money as well, but that's ok since I'm not that good at trading though in my overall trading journey, I had more profit than losses.

I guess most here already said the things that you need to do OP if you really want to pursue trading. Learn how to be emotionless not only on trading, but on investing in general.

[slaman29]

I guess most here already said the things that you need to do OP if you really want to pursue trading. Learn how to be emotionless not only on trading, but on investing in general.

I always feel like making emotions out of the equation is the only way to go. We're humans, we can't help but feel emotions.

Better is to have mechanisms in place that prevent those emotions from taking control.

Better to keep discipline not as something that relies on you but that relies on system.

Example. Make sure someone else has access to your portfolio. Multisig wallets. Stop loss that you cannot change without second approval. Simple stuff like that makes you a great trader regardless of emotion.

[jeraldskie11]

What else is required for such a person to control,is it still his or her emotions or what next?

It's emotion that you have to control in trading and that is what I have seen to be fixed. It's very dangerous for a trader to let their emotions be on the top of their decisions. It can ruin your journey in trading as it will cause a lot of losses.

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?

My only advice to a trader is never ever trade if your emotion is not stable. You should make sure that you're okay before you trade as it will help you to decide and execute effectively in trading.

[Bushdark]

For a new trader that just started trading in the market, emotion would always be the major challenge that will be faced with because of the market volatility that can make a trader to lose control of there confidence to trade consciously in the market.
Trading I'm the market has so many things we need to note so that we are not going to be left out being in the market getting confused by  the day even with those knowledge we might have acquired in our various trading classes that will aid us to be an comprehensive traders with the right tools to keep us going forward.

[inthelongrun]

Controlling your emotion is one of the very important characteristics that a trader should have. But aside from this, if someone wants to become a successful trader, it needs to master or be familiar with the many indicators and be updated on the news. Being diligent in acquiring knowledge of the coins before trading them is also another factor since.

Being emotional in trading is a common problem I keep on hearing over the years. It's only easy to say to control our emotions but when we are already in the situation, it is hard to control. Maybe the level of the amount being traded is important in determining our emotions. I doubt we remain being emotional if we are only trading a very small fraction of our savings.

[jossiel]

For a trader, an extremely important aspect is to be able to control oneself. Emotions are a rather difficult aspect that is not so easy to overcome. But it is important to understand that otherwise the result can be very noticeably disappointing.

Although we can control ourselves to the point how we want it to be.

When you're doing trades, yourself is also your enemy because it's uncertain to know the better results and you want what's best for you. But it's impossible to have that when you're doing such.

That's why you will set some price for you to sell those Bitcoin's for you to gain profit. You just don't let it catered by your emotion and every decision made should be done by you accordingly based on the market.

[Mahanton]

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?

In my opinion, in order to control their emotions, a trader needs an interesting lifestyle. 

In addition to trade, daily walks in the fresh air, trips to other countries, meetings with friends, sex with beautiful girls, attending music concerts and art exhibitions, dancing and meditation are necessary.  An interesting and vibrant lifestyle allows you to create new neural connections in the brain.  This enables the trader to use non-standard and effective trading mistakes, avoid strong trading stress and not make mistakes. 

In my opinion, trading should be organically integrated into the daily life of a trader.  This will be the key to successful and profitable trading in the cryptocurrency market.

If you are a swing or something like trend type kind of trader then you could be able to do such activities on which you could really be able to hang out and make yourself involved on some activities on which we know that it does really need an ample time for you to do so but if you are a type of trader specially scalpers and daytrades then for sure you wouldnt really be having that ample time on doing those activities
but its not really that bad on making yourself on at least taking a break considering that trading is really that somewhat too stressful.

I cant really be able to deny such thing which even myself did really come into a point on which im really that having a day which im always that irrirated just because my plans for that day didnt work and every
positions had been made is all losses or does have that different outcome.This is where emotion would kick in on which it do make you impulsive and ending up on making out some decisions which might
make the situations more getting worst.This is why you should really be that careful on taking actions on the time that impulsive emotions kicks in.

[MIner1448]

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?

In my opinion, in order to control their emotions, a trader needs an interesting lifestyle. 

In addition to trade, daily walks in the fresh air, trips to other countries, meetings with friends, sex with beautiful girls, attending music concerts and art exhibitions, dancing and meditation are necessary.  An interesting and vibrant lifestyle allows you to create new neural connections in the brain.  This enables the trader to use non-standard and effective trading mistakes, avoid strong trading stress and not make mistakes. 

In my opinion, trading should be organically integrated into the daily life of a trader.  This will be the key to successful and profitable trading in the cryptocurrency market.

It is a good practice to include a variety of interests and activities in your life to maintain balance and avoid focusing too narrowly on trading. But we should not forget that successful trading also requires strong skills in market analysis, risk management and financial discipline. An interesting lifestyle can help control emotions and reduce stress, but it's not the only factor in successful trading. Traders must also constantly learn and improve their skills, follow the news and market events and make informed decisions based on data analysis.

[Sterbens]

For a trader, an extremely important aspect is to be able to control oneself. Emotions are a rather difficult aspect that is not so easy to overcome. But it is important to understand that otherwise the result can be very noticeably disappointing.

If you trade with emotions, it is the same as you create opportunities to lose. Most traders crash at this point, not everyone can control their own emotions including me. But as a beginner, this is a natural thing, sometimes we need a process to introduce a field. It can be used as a lesson and reference so that this does not come a second time. As traders we are required to be able to control ourselves, requiring high concentration when analyzing the market, this is the same as if you have a company inside you, your body is the company, and your mind controls the way it goes.

[ScamViruS]

For a trader, an extremely important aspect is to be able to control oneself. Emotions are a rather difficult aspect that is not so easy to overcome. But it is important to understand that otherwise the result can be very noticeably disappointing.

To control emotions a trader has to be disciplined about his trading otherwise he will never be able to control his emotions. Trading is all about skill, no trader can be successful in trading unless he can build his trading skills.

I have understood from my trading experience that in order to succeed here, it is impossible without gaining trading knowledge and developing trading skills. So emotions have a big impact on trading results, a trader who can control his emotions at the right time can exit the market with good results from his trades.

[Oilacris]

For a trader, an extremely important aspect is to be able to control oneself. Emotions are a rather difficult aspect that is not so easy to overcome. But it is important to understand that otherwise the result can be very noticeably disappointing.

To control emotions a trader has to be disciplined about his trading otherwise he will never be able to control his emotions. Trading is all about skill, no trader can be successful in trading unless he can build his trading skills.

I have understood from my trading experience that in order to succeed here, it is impossible without gaining trading knowledge and developing trading skills. So emotions have a big impact on trading results, a trader who can control his emotions at the right time can exit the market with good results from his trades.

Controlling emotion is really that very crucial if we do speak about trading yet this is really something that could really mixed things up along the way which is something that we wouldnt really tolerate
or would make it lose on the time that we are on trading sessions. Somewhat it would really be that not simple on having that kind of control because we know that we do have different
level or emotional tolerance and control on ourselves on different scenario.

Some could be able to do so without any problems and some couldnt really just be able to bare out that impulsive feeling that it might occur midway. Experience is the best thing that could really be
able to make things to be realized that emotion would really be something that could be controlled out on this case. If you are aware on how things works or behaves then you do have
already the idea on how to make yourself that behave or should really be doing and this is where you would be able to control those uncontrolled or influx of
emotions on the time that you dont have still that sufficient experience.

[nurilham]

If you trade with emotions, it is the same as you create opportunities to lose. Most traders crash at this point, not everyone can control their own emotions including me. But as a beginner, this is a natural thing, sometimes we need a process to introduce a field. It can be used as a lesson and reference so that this does not come a second time. As traders we are required to be able to control ourselves, requiring high concentration when analyzing the market, this is the same as if you have a company inside you, your body is the company, and your mind controls the way it goes.

Indeed. Trade with emotion means having a bigger chance to lose. Emotion makes us hard to think wisely and properly, it leads us to be careless and hasty in deciding something. In this situation, no chance for us to gain profits, it is better to stop trading temporarily.

Sure, we must have good self-control. It is not only about trading, but we must have good self-control in any matter. We won't be wise to decide anything if we think with emotion.

[irhact]

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?

There are so many things a trader needs to do before he can be a trader, emotions aren't the only thing to control. You also have to control your strategy as if you're using a wrong strategy, you'll keep losing money when trading. If I was in this situation, I'll change my strategy by trying other things to see if I can make profit form those strategies.

Emotions are the most important thing to control, you should recheck your knowledge on trading if you're always losing, maybe you didn't learn well and you need to go back to learn again because as a trader you shouldn't be losing or you won't last long trading in the market.

[MiF]

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?

You can control your emotions but you don't have enough experience in trading that os maybe the reason why you still loss, it doesn't mean that if you can control your emotion you will already earn, it is normal to loss or earn in trading but if you always loss that means you are not lucky on trading so you can try another way like investing.

[AakZaki]

If you trade with emotions, it is the same as you create opportunities to lose. Most traders crash at this point, not everyone can control their own emotions including me. But as a beginner, this is a natural thing, sometimes we need a process to introduce a field. It can be used as a lesson and reference so that this does not come a second time. As traders we are required to be able to control ourselves, requiring high concentration when analyzing the market, this is the same as if you have a company inside you, your body is the company, and your mind controls the way it goes.

But sometimes the mind is always filled with excessive levels of greed and panic, so that the emotions will not be stable. it also depends on how often you trade and how well we can control our emotions. It's not easy, but controlling your emotions requires good trading habits and knowledge, so there's no panic when the market falls. I also have unstable emotions, sometimes I panic, but I try to think more calmly so I can handle every emergency.

[Josefjix]

But sometimes the mind is always filled with excessive levels of greed and panic, so that the emotions will not be stable. it also depends on how often you trade and how well we can control our emotions. It's not easy, but controlling your emotions requires good trading habits and knowledge, so there's no panic when the market falls. I also have unstable emotions, sometimes I panic, but I try to think more calmly so I can handle every emergency.

Panic and anxiety all lead to dramatic decisions that we will later regret, so ita better to start developinggood trading mindset. I've learnt to adjust to any horrifying market condition, it's to put comfort in the mind, I'm personally not doing any transaction that will toil with my emotions, because trading under pressure will only lead to huge losses in the market. Because the market is volatile, trading with emotions is extremely risky. Every aim is built on the foundation of the stable mind, and also apply good trading strategy that will yield profits at the end of every trade.

[lalabotax]

Panic and anxiety all lead to dramatic decisions that we will later regret, so ita better to start developinggood trading mindset.

These twobare exatly bad enough to go tobtrading if we cannot control them. Panic plus anxiety will drive us to get hurry decision without good analysis and consideration. For me, if I am still having bad emotion control, easy to oanic and feel anxiety, I will nkt star trading. It is better to be able to manage ourself at first before going to trade. In my opinion, trading is not inly related to how good we are analysing the market, but also how good we are able to manage and control ourself, our emotion not to be panic and stress easily.

[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 .

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. 

You'll learn for sure in the long run to control your emotions. I mean, even when I am starting out to trade, I always have a hard time controlling my patience. Even if I have to follow my strategy based on my confirmation before making an entry, I sometimes take the trade because I am scared of missing out on more profit, but it turns out I lose because I didn't wait for other confirmations. Over time, when you learn from your losses, you'll be able to control them. Like now, I always follow my confirmation before hitting an entry.