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Author Topic: Never Trade on Emotions  (Read 1362 times)
borovichok
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March 05, 2023, 01:25:19 AM
 #41

One of the best way t on become successful on trading is to control yourself from anything. We can’t avoid emotions in our life but we can control it. Managing yourself first will help you on your journey.
With my experience on trading, we all have different perspectives when getting a trade. Most people go with the trend while some are those who does their researches before entering to a trade. Good Luck on your trading journey!
Trading with emotions is one of the barriers that have hinder most traders from getting acquaintanted with profits in the market and have given liquidation edge over them. We should be able to master and know our weak points before opening a trading positions because not all trades ends to the best of our targets, some always go contrary on what's it's been map out on the chart. You're absolutely right about the fact that we can't get rid of our emotions but we can controlled it. Gathering experience in the space is probably one of the top choice to make because we learn everyday and new things are noticeable each day we pull down essential areas anticipating the sections of the market. Every trader's target is to earned profits at the end of each trading positions, that's the only thing that shows that's one have been doing something solid in the market.

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March 05, 2023, 08:42:53 AM
 #42

Allowing emotions to guide decisions can be risky and result in unfavorable outcomes. Since cryptocurrency markets are highly unstable and susceptible to unexpected price changes, emotions such as fear and greed can influence judgment and lead to unwise choices.
The best example is the more you chase you're lose, the more lose you generate.

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Rigon
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March 05, 2023, 09:26:09 AM
 #43

One of the best way t on become successful on trading is to control yourself from anything. We can’t avoid emotions in our life but we can control it. Managing yourself first will help you on your journey.
But not all people can control themselves on the trading platform. There are many people who passionately trade trading platforms and subsequently lose their money. So before becoming a trailer one must adopt different strategies of trading. The most important of trading platform strategies are greed, and emotion. Only those who can control this strategy will be successful in trading.
With my experience on trading, we all have different perspectives when getting a trade. Most people go with the trend while some are those who does their researches before entering to a trade. Good Luck on your trading journey!
But most people do not research trading. Those who trade in new conditions trade with speculation. And those who can trade after research always get success in their trading.
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March 05, 2023, 10:01:35 AM
 #44

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" A major key for a trader is your enemy is always his emotions.
It is said that trading business platform is a playing ground of wise people. In this platform trader has to be very careful about various things. Panic, Doubt, Hurry, Fomo, Angry, Worry all are very common words in trading. A trader should consider these things very well before trading. Otherwise he will not be able to survive in this trading business. Here you mention some key worlds all these, i give the most importance to emotion. Only those who can control their emotions and conduct the trading can succeed in the trading business. But it should also be kept in mind that since it is a highly volatile trading platform, risks must be taken ‍according to the market condition.

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March 05, 2023, 12:15:11 PM
 #45

Trading on emotions is way too dangerous, out of anxiety, you may miss a prediction or lose a strategy, it's just like creating content, it's best to be at your best mindset before trading, so just learning how to trade isn't really enough, we have alot of personal enhancement to do on our selves.

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gunhell16
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March 05, 2023, 01:19:20 PM
 #46

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.

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.

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Oceat
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March 05, 2023, 05:42:58 PM
 #47

~~~

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.

3996
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March 06, 2023, 12:24:28 AM
 #48

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.
Experienced is important to control this emotions because if we don't experience we can easily feel it, so if we are going to trade as a beginner we need to used a small amount of money only a minimal amount to avoid loss in trading practice more and more everyday and if you  know more about trading then go trade big amount and control the emotions. Emotions is always there it is nature in human to have emotions but if we can control it then it will not affect our focus.


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Sebas.tian
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March 06, 2023, 03:30:22 AM
 #49

Emotions has reduced so many traders to nothing in the community, because they feel they are doing the right thing by trading their coins with emotion without Carry out their personal research before trading in the market. It will be a good thing, if newbies can embrace this words of advice so that they will not failed like other that trade based on their emotion in the past. Panic and doubt is not good for newbies to have in mind before going into crypto trading which is not advisable, because it will lead you to sell your coins in the market when the price is low for traders to hold.

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March 06, 2023, 05:03:21 AM
 #50

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.

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.

OP thinks about the factor of emotions that affects his trades, meaning he can't control his emotions, like if there is hype, he will then jump in, or when he loses, he will always think negatively and end up losing or selling his assets. When it comes to calmness, for sure we are calm while we plan out a trade, but sometimes because we are very eager to trigger that trade, we missed those confirmation signals that would make our trades go on our own  way and that is why we lose.
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March 06, 2023, 06:54:40 AM
 #51

~
A major key for a trader is your enemy is always his emotions.
One of the easiest things to say when it comes to trading, but one of the most hardest things to apply.

It's easy to say that "I can control my emotions already", but when you see Bitcoin going up and you're late on it, you will buy when it's on the peak already, and when you lost, you will feel angry and feel disappointed on your decisions. It's ok if you will get carried by your emotions on your first time on trading because all or most traders felt that as well when they are starting.

Trading without emotion will take time to learn. It isn't like you just trade once, got profit on that trade and now you can control your emotions already. When I'm starting, emotions got me immediately and just after a week after starting to trade, I lose my funds immediately. I learned from that. It takes time to learn especially when it comes to emotions, but it's worth it.

On the other hand, don't ever think that controlling your emotions is the only thing that you must learn when it comes to trading. There are many things to learn as well like reading the charts, learning to use the indicators etc. etc.

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andriarto
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March 06, 2023, 02:04:18 PM
 #52

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.

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.

OP thinks about the factor of emotions that affects his trades, meaning he can't control his emotions, like if there is hype, he will then jump in, or when he loses, he will always think negatively and end up losing or selling his assets. When it comes to calmness, for sure we are calm while we plan out a trade, but sometimes because we are very eager to trigger that trade, we missed those confirmation signals that would make our trades go on our own  way and that is why we lose.
the most important thing in trading is discipline. with the discipline of our analysis, we can reduce emotions, be it greed or fear in trading. Emotions are our biggest enemy, if we can't control them, then we will be controlled by them, which of course the end result is not good. but don't worry, because everyone experiences it and only has a different attitude in controlling it. the more we trade, we will be able to get better emotions, if we are disciplined

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March 06, 2023, 02:34:16 PM
 #53

The major key to all these emotional stuff is to have a mastery of one's emotions while trading and not that one won't have it at all. This is because emotions are bound to come up whether we're losing of profiting. It has to be there. Otherwise we wouldn't be ambitious in life. Man's driving force is always his emotions. We just have to learn how to ride it to our benefit. That's all. As for any trader who would buy when the market is obviously selling, that's the hallmark of a noob. It's just a matter of time before they too learn.

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March 06, 2023, 03:26:29 PM
 #54

One of the easiest things to say when it comes to trading, but one of the most hardest things to apply.

It's easy to say that "I can control my emotions already", but when you see Bitcoin going up and you're late on it, you will buy when it's on the peak already, and when you lost, you will feel angry and feel disappointed on your decisions. It's ok if you will get carried by your emotions on your first time on trading because all or most traders felt that as well when they are starting.

Trading without emotion will take time to learn. It isn't like you just trade once, got profit on that trade and now you can control your emotions already. When I'm starting, emotions got me immediately and just after a week after starting to trade, I lose my funds immediately. I learned from that. It takes time to learn especially when it comes to emotions, but it's worth it.

On the other hand, don't ever think that controlling your emotions is the only thing that you must learn when it comes to trading. There are many things to learn as well like reading the charts, learning to use the indicators etc. etc.
I think it's really not that much of a difficult thing to be fair. If you see it high, you avoid buying, if you see it low, you avoid selling it. It's literally that simple and I have been doing it for many years and I have met some super smart people here, I am not even at top 10% of all the people I know in this community, so if I can do it, then most other people should be able to do it.

It means that it's a bit more about emotions and lack of being able to control them, and that is not just a crypto thing, people who fail to understand or even understand but fail to practice the simplest of trading mechanisms due to lack of emotional control, could probably have the same issue in regular life too.

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March 06, 2023, 03:40:50 PM
 #55

One of the easiest things to say when it comes to trading, but one of the most hardest things to apply.

It's easy to say that "I can control my emotions already", but when you see Bitcoin going up and you're late on it, you will buy when it's on the peak already, and when you lost, you will feel angry and feel disappointed on your decisions. It's ok if you will get carried by your emotions on your first time on trading because all or most traders felt that as well when they are starting.

Trading without emotion will take time to learn. It isn't like you just trade once, got profit on that trade and now you can control your emotions already. When I'm starting, emotions got me immediately and just after a week after starting to trade, I lose my funds immediately. I learned from that. It takes time to learn especially when it comes to emotions, but it's worth it.

On the other hand, don't ever think that controlling your emotions is the only thing that you must learn when it comes to trading. There are many things to learn as well like reading the charts, learning to use the indicators etc. etc.
I think it's really not that much of a difficult thing to be fair. If you see it high, you avoid buying, if you see it low, you avoid selling it. It's literally that simple and I have been doing it for many years and I have met some super smart people here, I am not even at top 10% of all the people I know in this community, so if I can do it, then most other people should be able to do it.

It means that it's a bit more about emotions and lack of being able to control them, and that is not just a crypto thing, people who fail to understand or even understand but fail to practice the simplest of trading mechanisms due to lack of emotional control, could probably have the same issue in regular life too.
It is easy if you do that with your money and you buy and sell with long period of time, but there you have very little profit margin. "Real" Trading is when you go on leverage and try to catch good moment. There you then have bigger risk more on stake and emotion become big factor. I think very low percent of people know to handle emotions in such situations.
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March 06, 2023, 05:42:56 PM
 #56

Definitely, we won't succeed in trading if we will not control our emotions because this is a manipulating factor that could affect our mindset which could lead to making wrong decisions. Many traders had come and just fail, and blamed themselves because they are too emotional.
I'm going to admit that sometimes I lose control of my emotions but of course, it was different when we are in trading, we have to think about the consequences of letting it happen all the time as it was disastrous to our plan. 
I guess even veterans in trading have also their fair share of losing when it comes to trading due to failure of emotional control. This is sometimes hard to avoid as we always do things based on our emotions, but we know in trading it’s different. The more we lose control of our emotions, the higher chances of losing. The reason why as much as possible, we should separate our emotions when we start trading to avoid regretting in the end.

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March 06, 2023, 05:59:03 PM
 #57

Trading with emotion is like trading like betting. So we should have proper knowledge about trading and have strategies so that we can make a good entry and exit point from trading.

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March 06, 2023, 06:17:49 PM
 #58

One of the best way t on become successful on trading is to control yourself from anything. We can’t avoid emotions in our life but we can control it. Managing yourself first will help you on your journey.
With my experience on trading, we all have different perspectives when getting a trade. Most people go with the trend while some are those who does their researches before entering to a trade. Good Luck on your trading journey!

Controlling emotions is the most difficult task for a trader during trading. I have seen many traders who say they can control emotions while trading but they also make the mistake of relying on emotions in trading live. The trades that are taken after research are mostly long-term trades so that even here emotions do not have much effect. So, to be a successful trader, you have to be a good learner along with emotion control.

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March 06, 2023, 07:59:32 PM
 #59

but i guess mostly of trader do that because they see what their want, like if the market go green that mean they will profit if they bu there and vice versa.
so i think that make many trader trap in that circle, maybe we are one of them but in the different case.

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March 06, 2023, 08:00:44 PM
 #60

The key to trading is proper strategies like maintaining the DCA etc. And the main reason behind the damage of this strategy is that trader's emotions. Especially when he can't control his mind, such as when he gets a touch of light pumping and sells the fund before he takes the strategy, but then sees that the market has gone higher. So I think trading based on emotions should never be done, sometimes it leads to huge losses. I have seen many people who invested in different memecoins based on emotions and ended up with huge losses.


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