Experience of failure and success can help us control the emotions.

[Unbunplease]

Generally speaking, emotions are what make us act. If we lived without emotion, we would get bored very quickly. Emotions in trade may not be a good thing, but emotions lead us to, for example, accidentally discover a new plan of action. And we can always set up a trading bot.

[wxa7115]

In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?

I am currently battling emotions and  how to control it while trading, once I lost a trade I always try to chase some trades in order to recover my losses Lo and behold I always incurred more losses because of defying my trading strategy, this had always been bad experience, now I had decided to close my trading App after losing a fix percentage of my total funds for trading thus close for the day and take leave till the next day bearing in mind that there are numerous upcoming opportunities of trades in the market, this is one of the steps I am trying to inculcate into my trading ideas which I believe is the solution to my emotions.

While this happening once or twice is almost inevitable as humans lose control of their emotions from time to time, the fact that you say this is something that always happens to you once you lose is worrying.

As it does not matter how good you are as a trader, no trader can win every single trade they make and they have to eventually face losses, if I were you I will give special attention to this detail as it is a flaw which could eventually bring you losses from which is impossible to recover.

[irhact]

Emotions play a big role in the person's future because it one cannot control his emotions then he cannot do better for his future and his every decision will be wrong. I think that if a person has experience related to trading and investment in crypto industry then he will also have a power to control his emotions because a success can also be possible if you tolerate your emotions.

For anyone to become a successful trader or an investor in cryptocurrency, they must learn to set aside their emotions and follow the charts. Been emotionally involved is totally wrong as it could cost you lot of money either from losing a trade or holding onto worthless cryptocurency just because you're feeling attached to a particular coin.

Emotions shouldn't be given a chance to play a role in our financial decisions. If those who invested in Bitcoin when it was nothing allowed their emotions to make the decision for them, they won't be as rich as they're today and that's because they would had sold their coins a long time ago due to doubt that everyone was having.

[el kaka22]

It is important to learn how to get better overtime with these things, but I am not entirely sure how easy it will be. Most people end up with a result that is either good or bad but they move on afterwards without really caring about it.

I basically do not believe that should be the case, they should look back both on their losses but also their winnings and see what they did wrong or right to make sure they can learn from it and grow. With that type of mindset they should be doing a lot better in the future without a doubt. I tried doing that for a long time, to be fair I know what is wrong before even I do it now, and yet sometimes still can't stop myself from doing it, be better than me.

[Baoo]

I absolutely agree with what you said OP. if you let your emotions control you in any kind of fields, you will never reach success and achieve any goals. Plus, you have to learn from your own mistakes. And remembers that every beginning is tough, we all face a plenty of obstacles in life but once you get enough experience, everything will go extremely well.

In my opinion, Trading crypto isn't an easy field to gain thousands of bucks in a short term.
I advise newbies to start with a low budget to avoid the risk of losses. And if you are not mentally strong and don't have patience , then regrettably you don't belong this field.

[wxa7115]

I absolutely agree with what you said OP. if you let your emotions control you in any kind of fields, you will never reach success and achieve any goals. Plus, you have to learn from your own mistakes. And remembers that every beginning is tough, we all face a plenty of obstacles in life but once you get enough experience, everything will go extremely well.

In my opinion, Trading crypto isn't an easy field to gain thousands of bucks in a short term.
I advise newbies to start with a low budget to avoid the risk of losses. And if you are not mentally strong and don't have patience , then regrettably you don't belong this field.

Acknowledging our shortcomings is important, it is easy to be attracted to this market and the profits it could bring, but there are simply too many people that do not have what is necessary to become a successful trader.

And I am no taking about knowledge or a trading strategy, which while important they can always be learned if you have enough time, I am talking about keeping our emotions in check, someone which is overly emotional will make severe mistakes even if they had the best strategy around the world, while someone which was nowhere near as good as a trader but which could control themselves will have way better chance to turn a profit while trading.

[Kgdktac]

Experience can help traders develop a better understanding of market conditions and how to manage their emotions when making trading decisions. It's important for new traders to take the time to learn about the markets, practice trading with a demo account, and develop a trading plan that includes risk management strategies. By doing so, they can gain the experience needed to become successful traders over time.

[mvdheuvel1983]

In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?

Failure and success remind me of the Chinese yin yang concept. The concept of yin yang is used to explain the interdependence and complementarity of opposing forces in nature and the universe, and to illustrate the importance of balance and harmony in achieving overall well-being. In trading like the op said it helps to create harmony of our emotions and to have a clear head when trading.

[carlfebz2]

In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?

Failure and success remind me of the Chinese yin yang concept. The concept of yin yang is used to explain the interdependence and complementarity of opposing forces in nature and the universe, and to illustrate the importance of balance and harmony in achieving overall well-being. In trading like the op said it helps to create harmony of our emotions and to have a clear head when trading.

We all do start on being a noob on which there's no shortcut way on becoming a pro on first few tries which it would really be just normal that you would really be experiencing these kind of failures and errors which

is something that you would be needing to learn along the way.Success isnt something that simple that could be attained or something that you could be able to achieve.Emotions
is the main thing that could alter out your plans specially on the time that you would be tolerating it.Its really that hard but not something that impossible though.
This is why it would really be just that right if we do learn up along with those mistakes and errors that we do experience.

[Falconer]

Failure and success remind me of the Chinese yin yang concept. The concept of yin yang is used to explain the interdependence and complementarity of opposing forces in nature and the universe, and to illustrate the importance of balance and harmony in achieving overall well-being. In trading like the op said it helps to create harmony of our emotions and to have a clear head when trading.

Nothing can go as smoothly as expected, that means that each of us must experience ups and downs. Even a businessman will not be as successful as he seems without ever failing or at least losing money financially, that also applies to traders and investors because they both involve money. The successful are those who keep trying after failing, those who get up after falling until they finally find balance.

[Captain Corporate]

Having been in this market for so long, and made more money than I could ever imagine (I am not rich, just been living off my income in the past 8 years is good enough reason to say its a lot of money for me), it is true that success and failure both happened in my life and that's why I feel like its nothing at all to me. I am pretty sure that price could be 40k tomorrow or 10k and I would feel exactly the same way on both of them. It would be good to write about anything major, that's true, but the reality is that we shouldn't really feel like it would change anything in our lives at all. Not until we reach our goal of course.

[LogitechMouse]

In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?

Experience is the most important thing when it comes to trading (for me) because if you doesn't have any experience in trading, you cannot train yourself on how to be emotionless when trading.

When I'm starting to trade, I can't control my emotions that's why I ended up getting FOMO'ed twice at that time. I experienced having my capital wiped out because of wrong entry in the futures. All of the failures that I experienced back when I was a newbie really helped me to what I'm doing in trading now. I don't have 100% win rate as of this moment, but I can say that I have more wins than losses now when it comes to trading.

As for the newbies, I believe that lack of experience really is one of the reason why newbie traders are losing. They don't know the feeling of entering and exiting, they don't know what they will do if suddenly the price of the coin went below their entry point. Experience is a big role in trading, and newbies loss more often because of lack of experience. What's good is that, there are some newbies who doesn't stop when they got losses in trading, and instead they're learning from it, adjusting from their mistakes, and will try their best not to do it again.

Overall, experience in both winning, and losing is a big help for a trader to become emotionless when it comes to trading.

[xSkylarx]

Failure and success remind me of the Chinese yin yang concept. The concept of yin yang is used to explain the interdependence and complementarity of opposing forces in nature and the universe, and to illustrate the importance of balance and harmony in achieving overall well-being. In trading like the op said it helps to create harmony of our emotions and to have a clear head when trading.

Nothing can go as smoothly as expected, that means that each of us must experience ups and downs. Even a businessman will not be as successful as he seems without ever failing or at least losing money financially, that also applies to traders and investors because they both involve money. The successful are those who keep trying after failing, those who get up after falling until they finally find balance.

That is why mistakes or losses are the best teachers in the world; you will learn valuable lessons from them, and now is the time if you can still stand up and recover from those things. That is why we should treat it more as an opportunity than a failure, because we can gain something if we create an opportunity on it rather than being sad and not reflecting on it.

[|MINER|]

In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?

If the peoples are wise then those will of course gain all the good aspects of life from experience. However, it is different for those who lose because they do not control their emotions or make a mistake and do not learn from it next time.
However, the survey showed that most of the traders, i.e. successful traders, learned from their wrong steps and used that experience the next time to be successful.
And if I talk about myself, then I will say that yes, the mistakes that I made in my early days of not being able to control my emotions have reduced in many cases, so in my case, yes, people can control their emotions from experience.

[LUCKMCFLY]

Emotion is one key aspect of trading that is very important, Uncontrolled emotios can lead you in taking wrong decision while trading.
The best way one can learn is from experience, those professional and portable traders out there, mostly is as a result of long term trading mistake, failure and experience and their ability to use all this in their own advantage, which has helped them to becoming what they're today.

When you arent that good of handling out your emotions then this is where it would really be affecting out your early plans that had been made which it is really just that right that you should really be that mindful on how you should really be controlling it or else it would really be messing up your entire goal.On the time that you do able to handle out your emotions then you could really be able to simply make things go
according into your plan since you do really have already that discipline and control which you do really need. Its true that failure are the best teacher because you cant really be able to
learn up things if you dont experience errors because this is where usually people do learn and not on the time that you are earning.

One of the things that I have read in some books by very famous operators is that an analysis cannot be induced thanks to certain information, that is, not opening articles or seeing news while the market is being analyzed, because that information can be carried to another context of all the decision that is made, that is, our analysis would be dispersing, That is why it is recommended to read news, read articles after the market has been analyzed, but with the exception of following the rules themselves, that to avoid changing plans, which is just why many traders fail and lose.

[RealMalatesta]

Failure and success remind me of the Chinese yin yang concept. The concept of yin yang is used to explain the interdependence and complementarity of opposing forces in nature and the universe, and to illustrate the importance of balance and harmony in achieving overall well-being. In trading like the op said it helps to create harmony of our emotions and to have a clear head when trading.

Nothing can go as smoothly as expected, that means that each of us must experience ups and downs. Even a businessman will not be as successful as he seems without ever failing or at least losing money financially, that also applies to traders and investors because they both involve money. The successful are those who keep trying after failing, those who get up after falling until they finally find balance.

That is why mistakes or losses are the best teachers in the world; you will learn valuable lessons from them, and now is the time if you can still stand up and recover from those things. That is why we should treat it more as an opportunity than a failure, because we can gain something if we create an opportunity on it rather than being sad and not reflecting on it.

As long as people keep on looking for others to help them out, they will not learn a thing. But if they try to learn to fly themselves, they can figure out what's wrong and they may end up making a much bigger profit from it as well.

Not many people approach it that way, and that's a sad reality of the world we are living in right now, they just think that since we are in a social media world, they can reach out or find someone who could help them get rich, that's why this new tech world made it easier for us to get rich. That's not true, and they are wrong, which usually ends up with them either getting scammed or losing money. I hope that it gets better in the future but that shouldn't really be a big problem for us if we are careful.

[gocryptoz]

Like any professional that depends Most traders are not successful Whether that's, through stupidity,
ack of hard work I take my hat off to them for having to go at something very difficult.

trading is very difficult because you have to trade with size. That includes your pension fund
that urgently needs to get out of a losing position.

Of the successful ones, they're a mixed bag. Some of them have enabled enormous, positive change in the world in completely unrelated fields with the proceeds of their success.

When Rockefeller was asked how much was enough money, his response was
'just a little bit more' i hope you get the point.

[KingsDen]

Generally speaking, emotions are what make us act. If we lived without emotion, we would get bored very quickly. Emotions in trade may not be a good thing, but emotions lead us to, for example, accidentally discover a new plan of action. And we can always set up a trading bot.

Emotion is a big player in the trading of cryptocurrencies.
If emotion is removed in trading, you will understand that we will all behave like bots. Whether we lose we lose to the end, whether we win we win to the end.
But if emotions is not considered in cryptocurrency trading, where them would be the place of risk management.

Emotions works in conjuction with instinct. When an amateur trader has the instinct of winning, he would increase his capital and then increased his leverage to win. He may be so unlucky that in the end he will lose them. Then that will count as an experience for him for future reference.
Almost every newbie makes the mistake of emotion when they start trading but as long as they proceed and get more experience, they would tend to place skills over emotion during trading.

[stomachgrowls]

Generally speaking, emotions are what make us act. If we lived without emotion, we would get bored very quickly. Emotions in trade may not be a good thing, but emotions lead us to, for example, accidentally discover a new plan of action. And we can always set up a trading bot.

Emotion is a big player in the trading of cryptocurrencies.
If emotion is removed in trading, you will understand that we will all behave like bots. Whether we lose we lose to the end, whether we win we win to the end.
But if emotions is not considered in cryptocurrency trading, where them would be the place of risk management.

Emotions works in conjuction with instinct. When an amateur trader has the instinct of winning, he would increase his capital and then increased his leverage to win. He may be so unlucky that in the end he will lose them. Then that will count as an experience for him for future reference.
Almost every newbie makes the mistake of emotion when they start trading but as long as they proceed and get more experience, they would tend to place skills over emotion during trading.

Eliminating emotions or trying out to remove it does really sounds simple but its not really that easy to be done even how long or old you are on dealing with the market.We are just humans which means that tendency of

sudden burst of emotion is really just that normal specially on times that we do see the market isnt really that behaving on what we are expecting.Well, experience is really indeed the key on making yourself
way more better as the time goes on but it cant really be avoided that you would really be that emotional on some key areas. This is why it is really that necessary that you should
be aware on what are the things that you've been doing or simply trying out to be that versatile as much as possible.

[MFahad]

Initiation of crypto is easy but making decisions of taking next step is harder so we should focus on our decision because at harsh condition our decision matters a lot. All the time a person think to make quick income but instead of earning money early he become sad due to failure. If a person is familiar with volatility and has the knowledge about the key features of trading then he can do his best but understanding is important. Also remember that you cannot achieve your purpose in a single try but at start you will face more difficulties and then your path become correct. Whenever the market is going in opposite direction with your hopes so try to understand that in such situations do not make decision through your emotions but think positively with calm mind.