Never Trade on Emotions

[King GK]

I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.

[1713504646]

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[1713504646]

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[TheUltraElite]

This comes with practice because getting emotional is human nature while not getting emotional is the feature of a seasoned trader. Often newbie traders who did not take part in dummy trading take decisions based on emotions which tend to be wrong most of the time but there is nobody to correct them right away.

A background of trading in other speculative assets and dummy trading might help new crypto traders understand how the market works and when to trade.

Buying low and selling high has been an age old method to profit. This should never be underestimated and misunderstood.

[hyudien]

This comes from myself, no I mean this can be overcome with the passage of time when we start trading. That's why we must have basic knowledge about trading first before really entering the real world of trading. How can we control our emotions if we have no knowledge of what we are doing. If we have a friend who has the same activity, it is better to learn from them. Because with the experiences they have that are shared with us, it will be very helpful.

[ultrloa]

I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.

Trading with all of this traits will cost you a lot because you cannot think more clearly with this since your set strategies will be over powered by your emotions and you cannot think smartly with that. Maybe this can be eliminated once you gain a lot of experience and to your consistency in trading since for sure every bad movements in the market you will look at it as opportunity.

[tranthidung]

I would like to give some advice, especially to those who are new to the market.

You are newbie but already have long time in cryptocurrency market? I don't say it is impossible but it's barely in reality.

Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest.

It is called as Trading or more exactly Speculating. It is not Investing I am sure with you.

This may you to get hurt again and again and again.

The psychology cycle of the market is unchanged because people don't change themselves.

So whenever you have to invest, invest a small portion of your portfolio.

That's true. Using all money to do something is big risky and it's hard to control yourself when things are not as smooth as you imagined.

A major key for a trader is your enemy is always his emotions.

Yeah at the end, you changed your discussion from investment to trading.

[Pandu Geddon]

A major key for a trader is your enemy is always his emotions.

a trader will develop gradually. no trader turns professional without learning from losses.
those who are new to trading, of course, seeing market fluctuations can feel panicked. and by doing so they will make the wrong decision. when they realize it, they learn from their mistakes. gradually traders will understand how they control their response to the situations they find themselves in.
Becoming a professional trader is not instant. Of course, everything takes time.

[JeffBrad12]

well even without emotions and basing off your trading decision from technical analyisis you'd still have the chance of losing anyway, I think I agreed with the fact that following FOMO is always not a good idea but the key takeaways here is that, riding the train that's already almost finished would always be such bad idea, you should never join in when it's already almost over, your chance of losing gonna rise significantly higher.
riding the train just like everyone else is okay if you're still early, like investing in meme coins could give you massive profit when it was initially introduced but investing now you're just throwing away your money honestly.

[Husires]

Emotional control will not come unless you define a clear investment plan by defining when you enter, when you sell and the amount of profit you plan to collect. Not setting a goal will lead you to greed, which leads to fear and panic.
And when you lose, feelings of anger and remorse are born, so all feelings are interconnected and begin with greed, which arises due to the absence of a goal and a plan.

[Xampeuu]

Emotions play the most important role in determining trading success. many people were greedy so that in the end the price dropped again and did not take profits, on the other hand many people let the floating minus even though they had left the work area because they did not want to lose money, so that in the end there was a selling panic. it is very difficult to deal with psychology like that and have to do a lot of practice in trading

[NicNacCoin]

You can never trade on emotion. There are many people who are new to the trading platform and trade and see profits there. Many started cheering after seeing the profit in the first place. Later on that joy they again started trading on the trading platform. When they start trading based on emotions without analyzing the market, if the market is dumping due to any reason, they incur huge losses. They get very worried and sell their trading at a loss. Then when the market starts to rise again, they start trading there again, only to find that they suffer huge losses. So I mean one should never trade on a trading platform with passion. Trade wisely using the trading platform strategy will bring you success.

[Smack That Ace]

A major key for a trader is your enemy is always his emotions.

a trader will develop gradually. no trader turns professional without learning from losses.
those who are new to trading, of course, seeing market fluctuations can feel panicked. and by doing so they will make the wrong decision. when they realize it, they learn from their mistakes. gradually traders will understand how they control their response to the situations they find themselves in.
Becoming a professional trader is not instant. Of course, everything takes time.

There is no better advice or lesson than to experience the markets ourselves, and time will teach us all those skills and experiences. That's why I rarely give advice to people, I just want to tell newbies: experience it yourself and accept losses in exchange for experience, there is no better teacher than the market. If we want to be professional, and want to make money, the only way is to spend a lot of time in the market.

[michellee]

It is a mistake if someone sells all his bitcoins when the market is down because one day, the price will increase greatly and he will regret selling all his bitcoins. Even though he can buy at a low price, he doesn't have any more bitcoins and has to repeat everything from the beginning. The goal of investing in bitcoin is to collect as many bitcoins as possible so that if the bitcoin price goes down, it would be a good moment to buy more bitcoins.

But I think we must control our emotions in trading to analyze, monitor, and do something related to the market. And this self-control process requires time and patience so we cannot achieve it in a short time. But this will really help those of you who want to trade without emotion because emotions are your enemy in analyzing the market.

[teosanru]

I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.

This is so essential for any trader. Feelings are the worst enemy of any trader, one should understand that why bots in trading are much more profitable than humans is because they don't have any feelings in them. They will just trade based on their program and system which ideally every trader should also do. But most traders fails to recognise this thing and trade on their emotions and eventually end up losing a lot of money.

[yhiaali3]

Yes, saying this is very easy, but applying it is difficult. I mean, everyone knows in theory that one should trade away from emotions such as fear, greed, and Hurry, but in practice it is very difficult to control these emotions completely.

Many people, when you sit in front of the indicator and see the coin starting to decline, do not control their fear of loss, so they sell immediately and then regret it. The same thing is also in the case of greed when they see a pump, for example, they Hurry and buys, then regrets it.

Market making depends mainly on the manipulation of emotions, so the best thing for those who do not have control over their emotions is to give specific orders and then stay away from watching the screen all the time.

[palle11]

I feel you would have encouraged traders to do more of demo trade to understand the way the market moves then before entering into the market using small amount of money because emotions will always be there but the level of experience you have can help you in mastering your ability and strategy in trading. Emotions is usually a newbie thing so they need more of practice either demo or they play around with little capital.

[Vaculin]

I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.

Trading with all of this traits will cost you a lot because you cannot think more clearly with this since your set strategies will be over powered by your emotions and you cannot think smartly with that. Maybe this can be eliminated once you gain a lot of experience and to your consistency in trading since for sure every bad movements in the market you will look at it as opportunity.

Eradicating all these traits might be easily said but actually hard to do especially fighting your own emotions. But with enough gained experiences in trading, you can slowly control your emotions when trading until you find it easier to separate emotions from your trades. And once this happens, you can focus on your set goal in trading and you can make right decisions without being triggered by your emotions.

[Silberman]

I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.

You are right but this is harder to master than what it may seem at first sight, when it comes to their money people are very emotional as deep down they know how long it took them to earn that money, so if the market goes down and they begin to lose some money it is very difficult for them to not panic, especially since they know this market is extremely volatile, however once you have learned to deal with your emotions your skill as a trader will improve significantly and the profits you get out of it will grow to levels you may have never thought possible.

[Kasabus]

This comes with practice because getting emotional is human nature while not getting emotional is the feature of a seasoned trader. Often newbie traders who did not take part in dummy trading take decisions based on emotions which tend to be wrong most of the time but there is nobody to correct them right away.

A background of trading in other speculative assets and dummy trading might help new crypto traders understand how the market works and when to trade.

Buying low and selling high has been an age old method to profit. This should never be underestimated and misunderstood.

It’s a normal thing that we always carry our emotions on whatever things we are certainly doing. Because if there are no emotions, we can’t feel that there is life to it. However, trading has a different case, the more you trade without emotions involved, the higher the chances you will succeed. But actually, its hard to eliminate emotions from our own self, but if we can control it, then it would mean a lot for the success of our trading.

[Smartvirus]

Buying when it pumps and selling when it drops, that's the entire opposite of the unwritten principle that requires you to buy when it falls and sell when it pumps. No doubt, we find investors rushing into the market when price is high because, they wish to benefit from the billrun that is already playing out but the truth is, they already lost there chances at some good profit to the sentiments that restricted them from buying.
Good enough, it's never late buying at whatever price you meet the market at but, you've got to have a plan that keeps you in the market well enough to make profit. Either you are a day trader or swing trader or you just get to hodl for as long as it gets for the coin (bitcoin) to pump and then, you hodl again.

[Renampun]

...
Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.

if you trade with emotions then you are not trading but gambling, trading requires good analysis and skills so that it doesn't lead to gambling. There have been many cases that we have seen where a trader lost big because that person made the wrong decision in the market. throw away panic - FOMO - anger - impatient when you want to start trading so that every decision you make really produces a profit.

below are nice words from professional traders;

"Trading is not for the dabbler, the dreamer, or the hopeless. This requires, above all, an unwavering quality of dedication. So if you are going to trade, trade the way you mean it" (Batang Casili)

"99%+ of traders don't care about Ferraris and yachts. They just want to pay their bills, save a little extra cash, and get a good night's sleep. The only way to do that is to hit 70% or more. Anything less, and these goals are nothing more than fantasy" (Mark Melnick)