The biggest No while trading

[Kara3]

Trading will be more favorable too you when you have a system/strategy that works for you, but no matter how perfect you feel your system/strategy is,

Don't ever trade under pressure. pressure to pay off a debt,
pressure to pay your rent/ Bill's.

I till repeat, Don't ever trade
under pressure because no matter how you do, that pressure will make you do the following,

- over trading: once you start over trading while under pressure,  your decision making will be very poor.

- less control over your emotions: it is near impossible to control your emotions while under pressure, like rent an debt.


- poor risk management: your risk management will not be put to good use because you are desperate, you want to meet up and that will be when time will be working against you, so please fellow traders stop trading under pressure,
    I don't know if anyone have more to add?

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[Wiwo]

Trading will be more favorable too you when you have a system/strategy that works for you, but no matter how perfect you feel your system/strategy is,

b]Don't ever trade under pressure. [/b] pressure to pay off a debt,
pressure to pay your rent/ Bill's.

I till repeat, b]Don't ever trade under pressure. [/b] because no matter how you do, that pressure will make you do the following,

- over trading: once you start over trading while under pressure,  your decision making will be very poor .

Not only in trading but in all other aspects of life,  pressure is a bad factor in the individual decisions making process and at that, and we must try as much as possible to make every decision devoid of any form of pressure,  for the sake of sanity,  I agree with you that pressure can lead to massive gains and possible addictions must especially when under pressure to meet up with expectations.

Trading and other high-risk activities shouldn't be taken as a means of making passive income,  since there is no consistency in its inflow of cash/ profits,  so being subjected to indie pressure could aid the individual to make poor judgements.

[PX-Z]

Yeah, but i will priority my emotions when trading, it's the thing i can't remove when im trading, mostly when it comes to disappointments. While the others you mentioned doesn't matter to me (pressure and risk managements) i always make sure that i don't trade under pressure, well, i never have since then.

[sheenshane]

This is a very important, emotion.
Because managing emotions is effective risk management and can avoid trading under pressure, it's a very important aspect of achieving consistency in trading to become successful.  By focusing on these areas, traders can increase their chances of making rational and profitable decisions.

I'd say IMO, practicing mindfulness and stress-management techniques can help traders stay calm and focused during challenging situations.

[blockman]

In short, this is what you've said;

Don't ever trade under pressure.

And kindly edit your posts before there have been some brackets that you've used more than once so that the bold you're trying to do has some excess character. Check that and review the thread for you to edit it and make it look no mess at all.

[Kara3]

In short, this is what you've said;

Don't ever trade under pressure.

And kindly edit your posts before there have been some brackets that you've used more than once so that the bold you're trying to do has some excess character. Check that and review the thread for you to edit it and make it look no mess at all.

Thanks for the correction, I really do appreciate.

[adaseb]

What you are talking about is basically trading when you are on tilt. It’s a poker term. It means you are losing money and are taking irrational bets to win it back. These trades you take don’t make sense they are more revenge trading. And what normally happens you blow your entire account.

Pretty sure this happened to most traders in their early career and you need to control emotions and not let one trade spiral into a loss which ends up blowing your entire account.

[Strongkored]

Trading based on pressure will only make the pressure multiply because when trading normally a trader is already under pressure to be able to make a profit plus trying to get a profit because he needs his money to pay for things that are important it will only make trading make a lot of mistakes because it starts in pressure. However, many novice traders think that trading is the fastest way to double the money and open a buy position because they see that there is a panic, the price will fall quickly and improve quickly too but it turns out they are wrong because the panic lasted quite a long time and the decline was very deep, while he need money fast and the next step is to sell with the condition that the asset has fallen quite deeply. The lesson is don't think of doubling money in trading because of urgent need because it's stupid.

[bettercrypto]

You can only create a trading strategy if you know how to use tools and understand how to read a chart or its graph. Because if you don't know them, the strategy you come up with will be meaningless and meaningless in the end.

     It's easy to say that but it's hard to do that in actual trading, Then another thing, there's a lot to consider when it comes to this kind of thing so if you handle it well it will be easy for you to take profit in trading like there's no difference just take the fruit from the tree anytime you want.

[yudi09]

-snip-

Crypto trading is an activity that requires a lot of attention to be applied. The main concern that needs is focus.
The focus will provide other positive aspects in conducting trading activities. The pressure the OP mentioned is the output of out of focus.

Besides being able to over trade and not being able to control emotions, trading under pressure such as debt, bills can have an impact on the psychology of traders.
Do not imitate trading activities, but must learn. Don't force it, but it needs to be carried out based on existing capabilities.

[CarnagexD]

Trading will be more favorable too you when you have a system/strategy that works for you, but no matter how perfect you feel your system/strategy is,

Don't ever trade under pressure. pressure to pay off a debt,
pressure to pay your rent/ Bill's.

I till repeat, Don't ever trade
under pressure because no matter how you do, that pressure will make you do the following,

- over trading: once you start over trading while under pressure,  your decision making will be very poor.

- less control over your emotions: it is near impossible to control your emotions while under pressure, like rent an debt.


- poor risk management: your risk management will not be put to good use because you are desperate, you want to meet up and that will be when time will be working against you, so please fellow traders stop trading under pressure,
    I don't know if anyone have more to add?

That is because the market doesn't owe you anything. The market doesn't care what's going on in your life, it doesn't care about your ends or your debts. The only thing the market can see is your buy/sell order. So if you put any money because you mindlessly put a trade wanting to have a quick and  big returns (which is an unrealistic expectation), the market will take away all your investment and trading account faster. You will be blown.
You cannot disregard your emotion. But you can control yourself not to engage the market when things, and pressure in life are not going in your way so you are not prone to make stupid trades that will make you lose money.

[ethereumhunter]

Don't use much money if you don't have better trading skills because it can make you want to use a lot of money to trade. It's better to use enough money and by analyzing the market, you can get the right coin to make a profit.

You also need to control yourself because trading can also make you panic. If you are tired of trading, you should get out of the market, rest, and don't force yourself to keep trading because that could make you buy the wrong coin. Maybe it was a suggestion before starting trading.

[safar1980]

1. Do not trade on borrowed funds.
2. Do not trade in a bad mood and well-being
3. Do not set specific goals in terms of money or % of profit for the day, month and year.
4. Do not leave all profits in the account.
5. Do not forget about the risks.
6. Do not forget to set a stop loss
7. Don't average out a losing position
8. Don't get upset over a bad deal.
9. Do not listen to other people's advice.
10. Do not sit for 12 hours at the charts.
11. Do not overtrade
12. Do not enter a trade if there is no signal.
13. Do not look at the variation while trading.
14. Do not constantly switch timeframes while trading.
15. Do not go full-time into trading (living off profits from trading alone) without a financial cushion or other stable income.
16. Do not have illusions about trading
17. Do not relax.
18. Not you are right, but the market is RIGHT!!!
19. Do not forget about loved ones
20. Do not live by trading alone.

20 NO in trading!!!

All these points are very important and even if all points are observed, you can lose money. But the wrong thing is not so fast when betting with those traders who do not follow these rules.

[348Judah]

Don't ever trade under pressure. pressure to pay off a debt,
pressure to pay your rent/ Bill's.

I till repeat, Don't ever trade
under pressure

If you rush in to trade you may end up rushing out as well because what you give to everything in life is what you get in return, some mistakes in trading could have been well avoided if we had maintain a low level self esteem and calmness while looking into the situations around before taking those trades decision, one has to think deeply, make assumptions and compare many features together before arriving on conclusion for any professional trader, this is under risk management which is expected of you to know.

- over trading: once you start over trading while under pressure,  your decision making will be very poor.

- less control over your emotions: it is near impossible to control your emotions while under pressure, like rent an debt.

It we can't control our emotions in trading, it turns into an addiction for a one or more particular trading habits a d such could lead us to missing targets on trades we should have earn from than loosing, we must have this self-control of ourselves in trading, this is also what makes some particular trading strategy we adopts work out for us since we are well aligned to the direct pattern and information resource needed to monitor the trade under controlled speculation.

[hugeblack]

The whole of what you are trying to say can be summed up in the saying that says, "Do not invest except in your money that you do not need during the next 6 months."

It is not to remove pressure, but because you will be forced to sell at times that you know are wrong, but you have no choice but to sell, and therefore your trading options are limited, even if your knowledge and strategy is good and away from pressure.

Therefore, if you do not have that luxury, it is better to invest that money in any low-return investment that is easy to liquidate.

[palle11]

Yeah, but i will priority my emotions when trading, it's the thing i can't remove when im trading, mostly when it comes to disappointments.

It takes an experienced trader to keep emotions in order while trading because chances are that the pump and volatility will affect your decision most times. This is especially when you don't trade with stop loss. Price drop and rise also plays a fast one on you and the adjustment starts to happen and then the pressure is the next thing. You can't really control pressure in trading when you are running out of funds.

[blockman]

In short, this is what you've said;

Don't ever trade under pressure.

And kindly edit your posts before there have been some brackets that you've used more than once so that the bold you're trying to do has some excess character. Check that and review the thread for you to edit it and make it look no mess at all.

Thanks for the correction, I really do appreciate.

No problem.

It we can't control our emotions in trading, it turns into an addiction for a one or more particular trading habits a d such could lead us to missing targets on trades we should have earn from than loosing, we must have this self-control of ourselves in trading, this is also what makes some particular trading strategy we adopts work out for us since we are well aligned to the direct pattern and information resource needed to monitor the trade under controlled speculation.

Setting to cut loss is a must and that's one way of controlling our emotions. Yes, if you're aware of cutting loss and you're also setting it, that means that you're not letting it go into further losses and that makes you also control your emotions. You won't just let it continue to drop as low as it can when you're an active trader.

[safar1980]

Yeah, but i will priority my emotions when trading, it's the thing i can't remove when im trading, mostly when it comes to disappointments.

It takes an experienced trader to keep emotions in order while trading because chances are that the pump and volatility will affect your decision most times. This is especially when you don't trade with stop loss. Price drop and rise also plays a fast one on you and the adjustment starts to happen and then the pressure is the next thing. You can't really control pressure in trading when you are running out of funds.

If a trader only follows his strategy and does not change his mind as he trades, then he will only lose money if the strategy is wrong, or the wrong time is chosen for this strategy. But until you check this, it will not be clear that the strategy or the trader who constantly changes the strategy depending on the mood is to blame.

[Bananington]

Don't ever trade under pressure. pressure to pay off a debt, pressure to pay your rent/ Bill's.

It will be difficult to trade when the pressure of bills are already there. At that point it becomes a matter of being able to control your emotions while you trade than not trading at all because if trading is where you hope to get the money to pay the bills, you have to trade. One pressure to avoid is trading because other people are trading especially on days when you do not feel like trading, you have to know how not to respond to the pressure that other traders can put on you to trade. Do things at your own time.

[uchegod-21]

Don't ever trade under pressure. pressure to pay off a debt, pressure to pay your rent/ Bill's.

It will be difficult to trade when the pressure of bills are already there. At that point it becomes a matter of being able to control your emotions while you trade than not trading at all because if trading is where you hope to get the money to pay the bills, you have to trade. One pressure to avoid is trading because other people are trading especially on days when you do not feel like trading, you have to know how not to respond to the pressure that other traders can put on you to trade. Do things at your own time.

Funny enough when I was trading, there is this type of trading I used to do. Something used to compel me to trade, if not I cannot on my own decided to trade. For instance, if I want to buy a goods and it costs let say $50 and I have that money.  I would not be comfortable to use the money for the goods, rather I'll first try and trade with the money and have some dollars extra before I use the $50. It wad almost becoming a habit until I stopped trading and it just died off.