Never Trade on Emotions

[Hamphser]

The most important thing for trading is patience and should have basic knowledge about trading.You cannot trade with emotions. Life does not run with emotions.Most of the people in the country are unemployed, so they want to do trading without knowing anything.  And they tend to panic more.So they sell everything when the price goes down and start buying when the price goes up.  Due to which they cannot earn good profit.So you have to practice a lot in trading. Because trading on the basis of emotions without analyzing the market, the risk of losing is high.

i agree with your opinion. it's true that when we trade, it's not only a matter of controlling our emotions, but we also have to have basic knowledge about trading to get the most out of trading activities.
carrying out trading activities without having sufficient knowledge of course will not be optimal and probably won't a make profit, likewise if we have good knowledge and understanding of trading but cannot control our emotions the same will not be optimal in trading.
Emotional control and knowledge are things that support each other and we cannot just have one of them but must balance mastering both.

When you do have the knowledge then it would really be just that normal that you wont really be that too impulsive on having that approach towards trading since you do have the idea on what you should gonna do on where you do compare into those people who doesnt have sufficient experience and knowledge towards it which they do decide on diving into trade without being that prepared.

Learnings could be acquired through both theory and actual but most of the time which learning could be acquired with actually experience which it is really that just right that we should really be focusing on this one.Once you do able to handle up these things then you wont be bothering yourself on being affected with emotions.

[1714640813]

1714640813

[1714640813]

1714640813

[Jatiluhung]

Trading with excessive emotions can indeed result in losses. the feeling of being afraid of being left behind when the price starts to go up and the feeling of being afraid of the price going down more and selling immediately without doing an analysis first is a small example. at the beginning of my experience in crypto trading I also experienced losses several times due to a lack of knowledge and indeed at that time I did not understand how to manage my emotions when involved in trading. and FOMO is what cost me the most in my early trading in crypto.

[LUCKMCFLY]

~~~

I just want to clarify a little bit OP, When we say emotions, it's quite a broad matter, to be honest. Why did I say? Because the feeling of fear, doubt, anger, and worry are part of our emotions or human nature.

All that is needed is to use our emotions correctly without affecting our assets. Just like we need to be calm enough to think properly and correctly about what to do.

This should be the correct way to address this matter because being logical to understand what is happening you need to be calm and it's not that easy if you are a beginner. This needs a practice to continue of what you are supposed to do rather than eaten by your own emotions which you cannot think properly. Trading on the other hand is another story but one should practice not to get affected to almost everything on what's happening on the market. Always set a price goal to buy or sell no matter what happens in the market. Whether the price would pump or drop you should focus on your goals.

Do you think that emotions will always be there at all times,it is very difficult for us to control emotions and more so in trading,when you have risky money it is much more difficult to put things on another level without it affecting us,however we must learn to control emotions without it affecting us in trading, also one of the things that move the market are emotions, when there are fundamentals in the world things move to another level and that makes many traders and investors panic and sell, that is very common, to avoid this it is always good to have a plan and always respect it, that is, never break our own rules.

[stadus]

Trading with excessive emotions can indeed result in losses. the feeling of being afraid of being left behind when the price starts to go up and the feeling of being afraid of the price going down more and selling immediately without doing an analysis first is a small example. at the beginning of my experience in crypto trading I also experienced losses several times due to a lack of knowledge and indeed at that time I did not understand how to manage my emotions when involved in trading. and FOMO is what cost me the most in my early trading in crypto.

Experience will somewhat teach us and give us an idea of what we gonna do in a particular situation. Committing mistakes and suffering losses is really we can say - a terrible thing to happen in our life. But on the other side, this will help us to become more careful the next time and to improve our market understanding plus analysis. In fact, there is no perfect start in crypto, everyone have tough times on their early days just like you but they are still on the market because they never quit and make those bad days a reason to grow.

[xzy887]

I call them panic traders. Panic traders are those who want to get rich quickly by coming to new training and are always afraid of bad market conditions. They trade without understanding the market conditions and after a while when the market starts to go down they think that their money will run out. Then they panic. And then they  again buy and sell again which keeps them in constant panic. Which is not true. Trading the market definitely requires a lot of patience.

[GeorgeJohn]

I call them panic traders. Panic traders are those who want to get rich quickly by coming to new training and are always afraid of bad market conditions. They trade without understanding the market conditions and after a while when the market starts to go down they think that their money will run out. Then they panic. And then they  again buy and sell again which keeps them in constant panic. Which is not true. Trading the market definitely requires a lot of patience.

Sometimes don't blame whoever that is into buying and selling or investing in short term, I believe that bitcoin have a fluctuations measure which put fears in the mind of short term investors, sometimes they panic because they capital using to trade is basically borrowed one, so they are inquisitive to make profit at any point in time, and they panic to sell because they are curious to recover the funds lend to start up buying and selling of cryptocurrency and especially bitcoin precisely.

[rozak]

Trading with excessive emotions can indeed result in losses. the feeling of being afraid of being left behind when the price starts to go up and the feeling of being afraid of the price going down more and selling immediately without doing an analysis first is a small example. at the beginning of my experience in crypto trading I also experienced losses several times due to a lack of knowledge and indeed at that time I did not understand how to manage my emotions when involved in trading. and FOMO is what cost me the most in my early trading in crypto.

Experience will somewhat teach us and give us an idea of what we gonna do in a particular situation. Committing mistakes and suffering losses is really we can say - a terrible thing to happen in our life. But on the other side, this will help us to become more careful the next time and to improve our market understanding plus analysis. In fact, there is no perfect start in crypto, everyone have tough times on their early days just like you but they are still on the market because they never quit and make those bad days a reason to grow.

You are right. more of them are currently successful with their trading. are the majority of those who survive difficult situations when starting trading. loss is not only once at the beginning of trading. even when we have sufficiently mastered some analysis, we will sometimes still lose money. but those who don't give up will get a better experience for future trading. and the more experienced, the more we can minimize the risk of loss.
no one is truly successful without experiencing difficulties first.

[BobK71]

I call them panic traders. Panic traders are those who want to get rich quickly by coming to new training and are always afraid of bad market conditions. They trade without understanding the market conditions and after a while when the market starts to go down they think that their money will run out. Then they panic. And then they  again buy and sell again which keeps them in constant panic. Which is not true. Trading the market definitely requires a lot of patience.

Some new investors join crypto, they start dreaming that they are going to prosper in a very short period of time. After investing in such an idea, they are discouraged when it turns out to be a loss rather than a gain. Basically due to lack of adequate knowledge they fail and subsequently lose the invested money. But a new investor must do proper research before investing. One should never make a hasty decision without any research. Trading out of emotion or panic will never lead to success. Patience is the key for success.

[LastKiss]

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

I agree a lot of negative emotions can easily come to us when we're not using money that we can afford to lose so we easily get panic when the price drop and we easily get panic when we miss the opportunity. It makes us can't think clearly about the next move that we should do. Controlling emotions will affect our trade results so it's better to have a positive emotion before we start to trade.

[Dragonfund]

This is a very important note. In general, it is important to be as careful as possible with emotions in the process of work, because under the influence of emotions, the result can be unpleasantly surprising. When I started working with a broker from Amarkets, I first learned everything on a demo account.

We are here to make money, so when you buy bitcoin and see it dumping, there is no way that you wouldn't feel about it especially when you make the money from your own sweat. When you buy a coin and you have it in mind to make more profits and you later realized that the money you invested is declining, there is no way that you would't feel the pain but its a traditional road every trader undergoes, with time, it gets better. When you becomes better and experience in the system, it wouldn't longer worry when you see your coins going down in vale.

[Inwestour]

Sometimes don't blame whoever that is into buying and selling or investing in short term, I believe that bitcoin have a fluctuations measure which put fears in the mind of short term investors, sometimes they panic because they capital using to trade is basically borrowed one, so they are inquisitive to make profit at any point in time, and they panic to sell because they are curious to recover the funds lend to start up buying and selling of cryptocurrency and especially bitcoin precisely.

It can also be the capital for trading, in which case it is just funds for trading and it does not matter when the sale is made, the most important thing is that a profit is received. Someone likes day trading, someone chooses for long-term trading, but the essence remains the same - to make a profit.

I have investments that I do not touch under any circumstances, and I have also set aside a small budget so far and am trying to trade. The priority for me is to save my money, and to check for myself what kind of success I can have in trading, if the results are good, I will increase the trading deposit, and I will invest my profit in bitcoin again.

[GreenStox]

I agree a lot of negative emotions can easily come to us when we're not using money that we can afford to lose so we easily get panic when the price drop and we easily get panic when we miss the opportunity. It makes us can't think clearly about the next move that we should do. Controlling emotions will affect our trade results so it's better to have a positive emotion before we start to trade.

the mistake is why those people used the money to do it, it's clear they know it's money that can't be lost but keep using it, I think from the start the way it was done was wrong so the mind wasn't calm.

[xzy887]

I call them panic traders. Panic traders are those who want to get rich quickly by coming to new training and are always afraid of bad market conditions. They trade without understanding the market conditions and after a while when the market starts to go down they think that their money will run out. Then they panic. And then they  again buy and sell again which keeps them in constant panic. Which is not true. Trading the market definitely requires a lot of patience.

Sometimes don't blame whoever that is into buying and selling or investing in short term, I believe that bitcoin have a fluctuations measure which put fears in the mind of short term investors, sometimes they panic because they capital using to trade is basically borrowed one, so they are inquisitive to make profit at any point in time, and they panic to sell because they are curious to recover the funds lend to start up buying and selling of cryptocurrency and especially bitcoin precisely.

Of course I blame them. Because crypto is not common, it's not like they're going to come here and make huge profits very quickly. They must first understand and know everything, only then he can benefit from it through his hard work. And I will not tell anyone to invest borrowed money or nessesary money you need in crypto. Because there is no telling what the market will happen. If all your money is lost due to bad market, then you will face many problems in real life.And you don't just think of living your life by investing in this Bitcoin. I think in real life you need a job that will help you run your family. Just invest your extra money here. So that you can be patient until Bitcoin goes up and you don't face any problem in real life for your invested money.

[OpenCEX]

How to subdue cryptocurrency trading emotions:

• Prepare for loss
• Validate FUD information
• Distribute your potential loss
• Learn from both losses and wins
• Practice makes confidence

[ShowOff]

Trading with emotions is not good, but trading always involves emotions. Traders tend to fail to control their emotions when their asset prices are corrected or when their asset prices go up high. The urge to sell can occur between the two situation, but of course it is very negative if they are unable to control their emotions during the correction.

Traders tend to get impatient when prices jump a few percent and they are eager to sell, but that's fine as long as they make a profit. The problem is when they have to accept losses due to panic during price corrections. This is the importance of controlling and managing emotions, so that the emotions used in trading truly benefit them, not the other way around.

[Wong Gendheng]

To be able to control emotions when we trade, of course, it is difficult, if we trade with a small value then we can control emotions, but I find it difficult to control emotions when the trading value that I can have big, when the price occurs then I easily panic, or vice versa When the price goes up even if only 1% then I will panic to sell immediately

[Digital_Lord]

Emotions plays a vital role in the getting of profit during higher and lower price of certain selected coins. If one wants to be successful in investment strategy then he should always focus to keep hide his emotions because if you are in willing of making money with quick method then it sometimes become impossible for a person to get what he wants. A Successful person is one who knows how to hide his emotions and success rate increases as a person manages his feelings more.

[fauzan Ichsan]

Emotions plays a vital role in the getting of profit during higher and lower price of certain selected coins. If one wants to be successful in investment strategy then he should always focus to keep hide his emotions because if you are in willing of making money with quick method then it sometimes become impossible for a person to get what he wants. A Successful person is one who knows how to hide his emotions and success rate increases as a person manages his feelings more.

controlling emotions is very important to set the rhythm in our brain. of course we have to understand ourselves first, wanting to make big profits fast is natural in our minds, but we also have to be logical in seeing that success can be achieved gradually, so that in that way we will be able to obey the rules that we have made for ourselves and be able to Discipline to the framework created before the transaction

[xSkylarx]

Emotions plays a vital role in the getting of profit during higher and lower price of certain selected coins. If one wants to be successful in investment strategy then he should always focus to keep hide his emotions because if you are in willing of making money with quick method then it sometimes become impossible for a person to get what he wants. A Successful person is one who knows how to hide his emotions and success rate increases as a person manages his feelings more.

controlling emotions is very important to set the rhythm in our brain. of course we have to understand ourselves first, wanting to make big profits fast is natural in our minds, but we also have to be logical in seeing that success can be achieved gradually, so that in that way we will be able to obey the rules that we have made for ourselves and be able to Discipline to the framework created before the transaction

That is really the most common problem with newbies, even myself before. I wanted to learn fast so that I could start earning, which is wrong and takes more time if you are doing it, as you keep coming back to learn things you don't know yet. People always think trading is easy, but when they try it, they quit immediately, as it is difficult, takes time, and over the span of years, you are still learning. Also, emotions are a big part of it, which is why others are also coming up with strategies on how they can control themselves.

[deathcode]

Emotions plays a vital role in the getting of profit during higher and lower price of certain selected coins. If one wants to be successful in investment strategy then he should always focus to keep hide his emotions because if you are in willing of making money with quick method then it sometimes become impossible for a person to get what he wants. A Successful person is one who knows how to hide his emotions and success rate increases as a person manages his feelings more.

controlling emotions is very important to set the rhythm in our brain. of course we have to understand ourselves first, wanting to make big profits fast is natural in our minds, but we also have to be logical in seeing that success can be achieved gradually, so that in that way we will be able to obey the rules that we have made for ourselves and be able to Discipline to the framework created before the transaction

That is really the most common problem with newbies, even myself before. I wanted to learn fast so that I could start earning, which is wrong and takes more time if you are doing it, as you keep coming back to learn things you don't know yet. People always think trading is easy, but when they try it, they quit immediately, as it is difficult, takes time, and over the span of years, you are still learning. Also, emotions are a big part of it, which is why others are also coming up with strategies on how they can control themselves.

Not trading with emotions in my opinion is indeed an obstacle that must be faced by everyone without exception, whether it's for a beginners or a professional trader too. Even though it sounds easy, it is actually not easy at all to manage our emotions when trading.
Because sometimes we cannot arrange according to our wishes when we are faced with a problem or burden of mind that will affect our emotions when trading. No one can really always control their emotions well, but we can only minimize our emotions.
It is true that over time if we are willing to introspect ourselves, we will be able to learn more and be wiser to optimize our abilities and control our emotions when trading.
But sometimes I think this becomes strange when we advise someone to control themselves and their emotions when carrying out trading activities, but sometimes we ourselves are not always good at managing our emotions when carrying out our trading activities.