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Author Topic: Emotion and Trade?  (Read 1458 times)
Sebas.tian
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May 15, 2023, 04:17:23 AM
 #161

Quote from: 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.

I believe, carry out personal research before trading will really help such traders to control their emotion in the market because it hard for potential traders to experience losses from their trading because they always conscious of their personal research to control their emotion at the moment. I think, those new traders will do everything possible within their power to put an end to that negative emotion that is causing them failure in the market, by trying to exercise patience whenever the price of Bitcoin started increasing in the market so that they will not miss their opportunity when the price hit higher in the future.

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May 15, 2023, 08:32:17 AM
 #162

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?
To be proficient in trading is basically not only a matter of mastering emotions (emotional management / trading psychology) but also need to be proficient in other analysis such as technical and fundamental. But now I also realize that it is experience that will bring us better results. Even with mental experiences we become more honed and stronger. So for people who are still experiencing losses after they have mastered emotions in trading, I think then they must be proficient in basic analysis such as technical and fundamental. and learn more from his own experience or the experience of others.

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Bushdark
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May 15, 2023, 10:56:36 AM
 #163

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?
To be proficient in trading is basically not only a matter of mastering emotions (emotional management / trading psychology) but also need to be proficient in other analysis such as technical and fundamental. But now I also realize that it is experience that will bring us better results. Even with mental experiences we become more honed and stronger. So for people who are still experiencing losses after they have mastered emotions in trading, I think then they must be proficient in basic analysis such as technical and fundamental. and learn more from his own experience or the experience of others.
There are different ways we can control our emotions without much stress. Some of the ways is for us to work our our trading journal. Trading as different pattern and for us to learn and focus on what we are doing, we need to concentrate on our trading journal.
We can also work on our trading psychology so that we can be focus on the strategy we are using to get more from the market than just trading with multiple irrational signals that could ruin our trading career as a potential trader. Those that are good customers of the market in the aspect of Trading loses, they are the kind of people that do have these kind of trading challenges affecting there emotions.









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May 15, 2023, 11:05:24 AM
 #164

What do you do with emotions where you are going to grow money by using money? Have you seen anything done with emotion so far? The more you control your emotions in business, the better your business will thrive. If you are ever upset about something or if you are under mental pressure please refrain from trading at that time. That's why I asked you to refrain because at that time you will not be able to take the right decision then emotions will work in you and the decision you take emotionally will be the wrong decision for your business. So it is better to avoid these emotions in business.

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Dzwaafu11
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May 16, 2023, 04:11:20 PM
 #165

One must be emotional prepared or greed free before venturing into trading why because at the point of trying to make out ways of increasing your trading target or budget for the day or for the week per months you ends up losing funds at this point we apportioned it to be an emotional feelings. This is pure wrong, why people lost money while trading is a result of greed, anyone who can control greed can equally avoid emotional feelings being attached while trading.
I believe that even if you are free of greed and have control of your emotions, if you do not have the fundamental knowledge of trading, you are still doing nothing because I believe that in order to be a successful trader, you must be knowledgeable about trading and trading strategies, so if you have been free of greed or have control of your emotions and you still trade and lose, you still need to go back and learn more about trading and the technical side of trading.
Because of this, I think a trader who is losing money in his trading business will only stay in the market for a short time because he will become discouraged and believe there is no money in it, not realizing that he needs to learn more about it.

R


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stomachgrowls
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May 18, 2023, 10:40:16 PM
 #166

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?
To be proficient in trading is basically not only a matter of mastering emotions (emotional management / trading psychology) but also need to be proficient in other analysis such as technical and fundamental. But now I also realize that it is experience that will bring us better results. Even with mental experiences we become more honed and stronger. So for people who are still experiencing losses after they have mastered emotions in trading, I think then they must be proficient in basic analysis such as technical and fundamental. and learn more from his own experience or the experience of others.
There are different ways we can control our emotions without much stress. Some of the ways is for us to work our our trading journal. Trading as different pattern and for us to learn and focus on what we are doing, we need to concentrate on our trading journal.
We can also work on our trading psychology so that we can be focus on the strategy we are using to get more from the market than just trading with multiple irrational signals that could ruin our trading career as a potential trader. Those that are good customers of the market in the aspect of Trading loses, they are the kind of people that do have these kind of trading challenges affecting there emotions.
If you are a type of person who is really that emotionally impulsive then you would really be needing to deal with it up first before you would be diving more on crypto trading because you would be mainly be facing up
a market which is really that extremely volatile and unpredictable. We cant really be able to handle out such condition but well everything could be acquired with real experience if we do talk about learning and emotional improvement.

We wont learn if we dont experience and this is the usual stuff that we should really be with. Emotion would really play a huge role and could really affect your efficiency on trading and this is why its really that
important that you should be sensible on regarding about handling it and having the control because if not then you would really be seeing this as a big problem. You wouldnt really be finding yourself
to be that sustainable or you could really survive on this unpredictable market.You would be needing to survive and able to handle it if you are really that persevered on surviving this out.

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May 19, 2023, 02:19:08 PM
 #167

One must be emotional prepared or greed free before venturing into trading why because at the point of trying to make out ways of increasing your trading target or budget for the day or for the week per months you ends up losing funds at this point we apportioned it to be an emotional feelings. This is pure wrong, why people lost money while trading is a result of greed, anyone who can control greed can equally avoid emotional feelings being attached while trading.
I believe that even if you are free of greed and have control of your emotions, if you do not have the fundamental knowledge of trading, you are still doing nothing because I believe that in order to be a successful trader, you must be knowledgeable about trading and trading strategies, so if you have been free of greed or have control of your emotions and you still trade and lose, you still need to go back and learn more about trading and the technical side of trading.
Because of this, I think a trader who is losing money in his trading business will only stay in the market for a short time because he will become discouraged and believe there is no money in it, not realizing that he needs to learn more about it.
the most dominant thing to determine trading success is psychological, and techniques can be learned in a few months maybe, it is different with psychology, where no matter how good the technique is if it is not balanced with emotional stability then the strategy cannot work. and emotional can be trained by seeking experience in trading, usually done in stages, we sometimes often make mistakes that have been made before, even though we actually know it is wrong

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May 19, 2023, 04:48:28 PM
 #168

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?
     Online trading can evoke a range of emotions, which can significantly impact a trader's decision-making process and overall trading outcomes. Some common emotions experienced during online trading include:

     Greed: Greed can arise when traders become overly focused on maximizing profits and taking excessive risks. It may lead to impulsive trading decisions, disregarding
  proper risk management practices.

    Fear: Fear often emerges when traders worry about potential losses or market volatility. It can cause hesitation in entering or exiting trades and may result in missed
  opportunities or holding onto losing positions for too long.

   Overconfidence: Success in a few trades can lead to overconfidence, where traders start believing they have superior skills or abilities to consistently make profitable trades.
  This overestimation can lead to taking on higher risks or neglecting proper analysis and risk management.

    Frustration and Impatience: Frustration and impatience may arise when trades do not go as planned or when market conditions are not favorable. Traders may feel the urge
  to make impulsive decisions to recover losses quickly or force trades in unfavorable situations.

     Regret: Regret occurs when traders dwell on past trading decisions, particularly after incurring losses. It can lead to emotional biases, such as revenge trading, where
   traders seek to recoup losses by taking on higher risks.

    Anxiety: Anxiety can be a common emotion, especially for new or inexperienced traders. The uncertainty and unpredictability of the market can create feelings of unease
  and worry.

   Managing emotions in online trading is crucial for making rational decisions.

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May 20, 2023, 07:18:13 AM
 #169

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?
To be proficient in trading is basically not only a matter of mastering emotions (emotional management / trading psychology) but also need to be proficient in other analysis such as technical and fundamental. But now I also realize that it is experience that will bring us better results. Even with mental experiences we become more honed and stronger. So for people who are still experiencing losses after they have mastered emotions in trading, I think then they must be proficient in basic analysis such as technical and fundamental. and learn more from his own experience or the experience of others.
Basic analysis is very important,  lose can occur always when one lacks Basic analysis and this will result to become emotional. Emotions are always certain in the human nature and their is no way one keeps losing in trading that their won't be any emotional feeling. Learning more, having good trading strategies and analysis is the solution of not  to be emotional in trading.  Constant lose is the reason for Emotions in trading and  the only way one can get rid of it is to get more knowledge about trading.

R


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May 22, 2023, 03:11:14 AM
 #170

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

When you attach your emotions to trading it affects your decision making, sometimes it can be helpful but bringing emotion into trading is a bad idea. Every trader is different in their own ways, to keep emotion in check can be difficult, formulate your trading strategy based on your needs and market knowledge.

R


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May 22, 2023, 04:49:00 PM
 #171

The two don't go together perfectly for one to become a good and successful trader he must learn to remove emotions from trading.One should focus on gaining more knowledge about trading,making a good trading plan and sticking to some certain rules and regulations to maintain consistency and make some good profits from the market.

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May 22, 2023, 06:43:44 PM
 #172


   Overconfidence: Success in a few trades can lead to overconfidence, where traders start believing they have superior skills or abilities to consistently make profitable trades.
  This overestimation can lead to taking on higher risks or neglecting proper analysis and risk management.

Yes exactly if a person  regularly wins so they loss their fear of losing so in this way they try to put whole money which sometimes becomes risky for him so I think that whenever a person achieve the desire success so don't change your rules always put less money and if you have certain amount of profit then take the profit and remaining amount will be better for you to keep for longer time also don't be excited for your success because excitation is also a type of emotions which should be kept in control.









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May 24, 2023, 01:10:38 PM
 #173

Emotions always lead to one result - losses. This is important to understand and take realistically. Alas, this is how trading works. So I advise you to be careful.
One should never act on emotion as it leads to instability and loss in everything. Especially those who want to trade cryptocurrencies with emotion face a lot of losses. To do so, you must understand and acquire special skills to trade later. Success is never achieved with passion. To achieve success, one must have the ability to be patient with confidence. But in the future it is possible to move forward in everything who can control emotions.

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Awaklara
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May 24, 2023, 01:21:38 PM
 #174

Emotions always lead to one result - losses. This is important to understand and take realistically. Alas, this is how trading works. So I advise you to be careful.
One should never act on emotion as it leads to instability and loss in everything. Especially those who want to trade cryptocurrencies with emotion face a lot of losses. To do so, you must understand and acquire special skills to trade later. Success is never achieved with passion. To achieve success, one must have the ability to be patient with confidence. But in the future it is possible to move forward in everything who can control emotions.
I know it can be detrimental, but everyone has different emotions. in terms of trading, it may be related to the trader's own experience in the market which can help the trader make a wise decision. but for someone new to trading, it is not forbidden to act on emotions. but they must learn to control their emotions. and everything certainly requires different time and understanding for each trader.

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May 24, 2023, 05:38:42 PM
 #175

Trading is not only about controlling your emotions, but also about having a good strategy, risk management, and market analysis. If you are losing more than you are gaining, you may need to review your trading plan and learn from your mistakes.

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May 25, 2023, 02:30:04 AM
 #176

Trading is not only about controlling your emotions, but also about having a good strategy, risk management, and market analysis. If you are losing more than you are gaining, you may need to review your trading plan and learn from your mistakes.
I think if there is any emotion in trading then we will have high chance of losing money. I think if we are not able to make money by trading most of the time then we need to follow some other rules. Or trade off for some days.  We have to do it. When we lose money, we are not right. It seems that I have to withdraw this money. There is no such thing that can be done so that we lose all the money.

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petulino
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May 25, 2023, 05:38:02 AM
 #177



When you attach your emotions to trading it affects your decision making, sometimes it can be helpful but bringing emotion into trading is a bad idea. Every trader is different in their own ways, to keep emotion in check can be difficult, formulate your trading strategy based on your needs and market knowledge.

Emotions are connected to every human being but what really matters is how much control you have over your emotions. Trading is a platform where you have to make very thoughtful and patient decisions.

All experienced traders do not act on emotions based on their experience and full knowledge of the market. Most of the new traders get emotional and make wrong decisions due to inexperience. Traders who cannot control their emotions should stay away from trading as the price volatility is high and emotional people will only lose here. Each trader's way of trading may be different but the principles and methods of trading are the same for all.

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awik p
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May 25, 2023, 06:49:48 AM
 #178

Trading is not only about controlling your emotions, but also about having a good strategy, risk management, and market analysis. If you are losing more than you are gaining, you may need to review your trading plan and learn from your mistakes.
I think if there is any emotion in trading then we will have high chance of losing money. I think if we are not able to make money by trading most of the time then we need to follow some other rules. Or trade off for some days.  We have to do it. When we lose money, we are not right. It seems that I have to withdraw this money. There is no such thing that can be done so that we lose all the money.
trading emotions make us wrong in taking steps. this is because after the emotional increase, the brain cannot work properly, so that whatever it has planned actually goes wrong, not according to plan. therefore it is important to control yourself in trading, so that you can think healthily in carrying out all trading plans. it is difficult to predict market fluctuations, these fluctuations are often emotionally draining. therefore trading healthily and don't rush to get big results, but enjoying trading learning will be better

Kadal Ijo
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May 25, 2023, 07:36:32 AM
 #179

The most difficult thing when we are trading is controlling our emotions, as we know that very high price fluctuations make us easily emotional, but what happens when we are emotional is that we usually lose, it is better to focus on the goal, namely profit, if we trade on spot exchanges then this the best is after buying then adding a profit target then placing it in a sell position.

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May 25, 2023, 11:53:34 PM
Merited by Ruttoshi (2), fillippone (1), SOKO-DEKE (1)
 #180

When trading on the losing side, it might be difficult for a trader to keep his emotions under control. He will be impatient to make a profit, if not immediately, which will cause him to make a poor decision in his trading analysis.

When a trader is going through something like that, he should try to take some time off from trading before starting up again. Perhaps when he is ready to start trading again, he will do it with new perspectives and a new sense of purpose.


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