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Author Topic: 10 tips to manage one's emotions while trading crypto.  (Read 780 times)
RewFrew
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August 01, 2023, 08:19:57 PM
Last edit: August 04, 2023, 06:33:25 PM by RewFrew
 #81

I very much have the interest to be a professional crypto trader at some point in my life, but it should be after I have understood it the way I want. Am well aware of the emotions which hunt gamblers, because I had tried it a few times. Same emotions also hunt traders and it is in the form of Fear, greed, hope, regret.
Although I beg to differ, I have learnt how it is in trying to be wary of such emotions that we become victims of such emotions in critical times.

It helps to give a constant reminder to oneself on how to control such emotions when money/crypto is involved because a loss could be a recurring outcome and not being able to manage ones emotional state could be very detrimental.

Quote
Here are 10 tips from the pros on how to manage your emotions while trading:

1. Don’t act on anger. When you’re angry, hold out, wait until reason takes hold. There is no worse trade than a “revenge” trade, in which a trader follows up a loss by jumping right back in to recoup. Consult your trading journal to get back on track.

2. Don’t marry your positions. It’s easy for a trader to get stubborn, and to hold on to a trade just because he ‘hopes’ it will turn around. Close down a bad trade as soon as possible, take your loss and move on. Your trading journal will suggest the next move.
Follow each trade with a break. Trading goes on at a rapid pace, so don’t get caught up in the action. Take a moment to think about something else, and then come back and deliberate. Now look at your trading journal to get the next idea.

3. Set a fixed point at which you stop. After three, four, five or whatever number you choose, stop for a good long break. It’s when one trade follows another that most mistakes happen. Consult your trading journal and review your strategy.

4. Don’t keep track of profit and loss. Doing the math on your earnings will only get your emotions working. Concentrate on your trading strategy, and review your trading journal to develop it. Then, at the end of the trading day, you can check out how well or poorly you did.

5. Keep your mind on the plan. Don’t let the results of a few trades change your overall strategy and approach. Stick to what you have learned and what you have planned – use your trading journal to develop your next moves.

6. Don’t confuse prudence with fear. You want to trade prudently, using logic and reason. This may make you hold off on a trade. But make sure that prudence, and not fear, is behind your decision. Fear can wreck your trading by keeping you from making a trade. Use your trading journal to see if the trade makes sense, follows previous wins, or if the trade just doesn’t make sense.

7. Watch out for greed. Greed can make you stay in a trade when you had planned to exit, hoping to milk it for a little more profit. Such trades risk turning out badly, just when you thought you were winning. Use your trading journal to judge the best exit points based on past behavior.

8. Manage your stops carefully. A cautious approach to stops and limits will keep you from making rash decisions. It hurts to get a trade stopped out, but over time you will save money on losses. Your trading journal can give you useful comparisons on levels for stops.

9. Don’t give up. There comes a point in every trader’s life when it just doesn’t seem worth it anymore.

 10. Don’t let yourself be intimidated. Trading is tough, but you can win.


Was this helpful? Share your perspective!

Source link:

https://tradersync.com/10-tips-to-manage-your-emotions-while-trading/
Thank you so much for presenting these essential tips so beautifully. Emotions are a big obstacle in trading. That's why emotions have to be strictly controlled in trading. Without control emotions we will be loser from trading. I think these tips are very important in trading. Who will follow this tips properly he will be gainer in trading. For profit in trade we need follow trading ruls. And if we able to control our emotion and give properly our attention on trade we will be must profited from trading there has no doubt. So Again thanks to you for your informational post. I think many traders will benefited from your fantastic post.

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August 01, 2023, 08:59:28 PM
 #82

When it comes to earning then there are lots of various ways on which you could earn with crypto.

1. Freelance jobs that paying with Bitcoin/crypto
2. Designing and other jobs on services section of this forum
3. Giveaways and promotions
4. Trading
5. Investing on projects and holding up for long term
and more....

I have might missed something but these are the common ways or methods on which you could potentially earn. It is really just that it would really be that good on sticking
on where you do find yourself that suits out and not really making yourself that get stressed. Emotions is one of the most common factor that would really be affecting you
along the way but on the time that you would be gaining up sufficient experience then you would really be able to handle yourself out.
There are definitely lots of ways to earn money in the crypto world, but there are also a lot of ways where you may not get paid eventually. So if you are doing a job, I would suggest either accepting 80% of the payment upfront with discount, or do 100% but with 50% upfront and 50% later.

For example either do a job for 800 dollars up front, or do it for 500 upfront and 500 when it ends. That way you will never be scammed for good, there are a lot of people who do not do this, and the result is usually scammed. They may end up saying "what if you scam me then??" just say you won't and they have to either trust you or they will not end up using you at all, just reject their free work. That's what I would do for sure.
Yes, its true on which there are lots of jobs and opportunities on which you could really be able to engage with but i do agree on the fact that you should really be that mindful on having that kind of set up on which

you should really be asking out for some upfront payment and never ever make out a job that there's no assurance which you would really be most likely be wasting up your time if someone didnt pay you up.
If they wont really be agreeing on such terms then skip out and find another because it is really just that not right on asking out for such service without having those upfront payment which same as we do said
that it is really that some sort of assurance.In speaking about getting or doing these jobs or dealing with these ventures is never been that easy specially that most of it would really be
in versus with other workers or people as well who are really that finding those jobs and opportunities on which means that when it comes to competition then it would really be still tough on getting one.

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August 01, 2023, 09:03:23 PM
 #83

Acting on anger will lose your focus. That's what you have to control because having that emotion will make you a reckless type of trader. You won't believe that it actually happened when you're in that position and you will be surprised when it has actually happened.

Thank you so much for presenting these essential tips so beautifully. Emotions are a big obstacle in trading. That's why emotions have to be strictly controlled in trading. Without control emotions we will be loser from trading. I think these tips are very important in trading. Who will follow this tips properly he will be gainer in trading.
It is true, it is an obstacle that you'll never like. Because once you let your emotion be the one to manipulate you, you'll not be able to control the setting of your mood. And with that, that will affect your trading decisions.
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August 02, 2023, 04:53:21 AM
 #84

Trading seems easy, but this is just the way it looks like, because anyone that has actually took the time to trade knows how difficult it is, but newbies on their ignorance try to trade the markets after just watching a few youtube videos and expect the world to be handed to them, and when this does not happen they get incredibly surprised this was the case as this goes against everything they have read until that point in time, and when they finally realize they have been deceived it is too late to recover all the money they have lost already.
Sometimes beginners like to blame the trading methods they copied from the internet when they experience losses due to their own carelessness in trading. In fact, all trading methods have their advantages and disadvantages. Because actually the same method can produce different results in trading depending on who uses it.

When we still haven't started trading and we see tutorials delivered by someone either through articles or via videos. Everything looks so simple and easy to do. Like buying when it goes down and selling when it goes up. These words really made it look easy. But the fact is when it goes down we also have to know to what extent the reduction target occurs. and when it goes up we also have to know how far the increase will continue. Sometimes reading support and resistance points is difficult for beginners to do.
What many newbies do not get is that when you watch the charts it seems incredibly easy to tell when you should have sold and when you should have bought, but when you are trading the markets for real the situation is anything but clear, it is up to each trader to determine what is the direction the market is the most likely to take and how intense the next movement is about to be, and neither of those two things is easy to do, regardless of what influencers may say on their youtube channels.
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August 02, 2023, 08:01:37 PM
 #85

Acting on anger will lose your focus. That's what you have to control because having that emotion will make you a reckless type of trader. You won't believe that it actually happened when you're in that position and you will be surprised when it has actually happened.

Anger might be a very bad emotion if looked at from the negative perspective, but it is after the emotion has been acted on to cause harm.
 What we however fail to realize is that this same emotion can be channeled properly to positive use.
Most creative genius ideas are born out of anger of a situation or anger from insult hauled on someone. I don't really need to talk about those pro athletes who joined boxing or other sports, inorder to properly channel the emotion. Like Mike Tyson for example.

Although, this is different scenarios altogether, it doesn't alter the fact that anger is just an emotional state that can lead anyone to undergo courageous feat like trading crypto with the aim of gaining more than losing.

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August 03, 2023, 04:19:35 PM
 #86


Anger might be a very bad emotion if looked at from the negative perspective, but it is after the emotion has been acted on to cause harm.
 What we however fail to realize is that this same emotion can be channeled properly to positive use.
Most creative genius ideas are born out of anger of a situation or anger from insult hauled on someone. I don't really need to talk about those pro athletes who joined boxing or other sports, inorder to properly channel the emotion. Like Mike Tyson for example.

Although, this is different scenarios altogether, it doesn't alter the fact that anger is just an emotional state that can lead anyone to undergo courageous feat like trading crypto with the aim of gaining more than losing.

People get anger due to the fact of losing some money,but loss is come in crypto trading because of selling at panic.Most of the trusted coin will increase back to the all time high,So hold the coin till the maximum time. Panic selling should be avoided by the trader at the bad economic conditions, most of the people get loss because of selling at loss.You should create a multiple income to avoid of getting pressure at the bad economic conditions.

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August 03, 2023, 05:41:39 PM
 #87

Although, this is different scenarios altogether, it doesn't alter the fact that anger is just an emotional state that can lead anyone to undergo courageous feat like trading crypto with the aim of gaining more than losing.
I wouldn't deal with it as 'just' an emotional state. It's important to recognize how you'll be f* up with it if you just think of it as something nominal. It's part of being a trader to deal with it but most are having a hard time in doing so.

People get anger due to the fact of losing some money,but loss is come in crypto trading because of selling at panic.
Loss is also coming to those that don't get into the news that's coming in the market. So, aside from being emotional and dramatic, someone's lack of info from the typical thing in the market could lead to potential losses and not just about panic selling.
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August 03, 2023, 06:59:29 PM
 #88

To be a successful trader one must understand the relationship between the mind and body. You need a calm mind to trade. If you have gone out the previous night for a drink and you return to have a heated argument with your spouse, children, siblings then you decide that you want to set at the table and trade, you have actually missed it. At this point your emotions are all over the place, mentally, physically and biologically you are not okay enough to trade. Meditation will help to bring your emotions back to it normal stage so that you can have a good trade.

I like everything written by the OP the only part that should be mentioned summarily is that to manage your emotions, you have to be  biologically ok.
Trading is a mind game, and certainly not a game of emotions. While emotions are sometimes inevitable when trading, but if you aim of a more successful and productive trades, don’t trade with battling emotions. That is why once you are in doubt, hatred or anger or with high emotions, never decide to trade, otherwise, you cannot give your full concentration and focus on how to make your trades become profitable. Trade only when you are in your best self, and as much as possible, trade only without the fear of losing.

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August 03, 2023, 08:36:25 PM
 #89

To be a successful trader one must understand the relationship between the mind and body. You need a calm mind to trade. If you have gone out the previous night for a drink and you return to have a heated argument with your spouse, children, siblings then you decide that you want to set at the table and trade, you have actually missed it. At this point your emotions are all over the place, mentally, physically and biologically you are not okay enough to trade. Meditation will help to bring your emotions back to it normal stage so that you can have a good trade.

I like everything written by the OP the only part that should be mentioned summarily is that to manage your emotions, you have to be  biologically ok.
Trading is a mind game, and certainly not a game of emotions. While emotions are sometimes inevitable when trading, but if you aim of a more successful and productive trades, don’t trade with battling emotions. That is why once you are in doubt, hatred or anger or with high emotions, never decide to trade, otherwise, you cannot give your full concentration and focus on how to make your trades become profitable. Trade only when you are in your best self, and as much as possible, trade only without the fear of losing.
Mind game indeed but there's no way that you could be able to avoid about having that emotion because we are just human beings on which it would really be just that normal that we would really be encountering those conditions on which it would really be that pertaining about our emotions that block off or change those plans and analysis that we had made out earlier on which it would really be that resulting on messing up those earlier plans or analysis on which we might be able to make out on other directions on which it is really just that normal. Managing yourself on such condition would really be a tough challenge since not all would really be that good when it comes to this and this is why they would really be making out some regret to themselves on what they have done on the time that they would really be realizing that they should have that kind of control.
It wont really be easy though but it wont be that impossible. It would really be just that matter on someones strong will and discipline on how things should be handled because if you do find yourself wont be able to
do such thing then you wont really be making yourself that to progress in terms of skills and knowledge towards on dealing with this space.

R


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August 03, 2023, 09:23:53 PM
 #90

(.....)
2. Don’t marry your positions. It’s easy for a trader to get stubborn, and to hold on to a trade just because he ‘hopes’ it will turn around. Close down a bad trade as soon as possible, take your loss and move on. Your trading journal will suggest the next move.
Follow each trade with a break. Trading goes on at a rapid pace, so don’t get caught up in the action. Take a moment to think about something else, and then come back and deliberate. Now look at your trading journal to get the next idea.
I really agree here and I already experienced this.
Because if you are in trading, always remember that there are always a lot of opportunities or there are thousands of future good entry trade positions.
So learn to move on and just be prepared on your next trade position because if that time will come, you already have the experience and already know what to do and what not to do.
Learn to put limits on your trades. If you think you are missing something, then do not worry. There are still a lot of opportunities coming in the market. If you fail and lose, that’s okay. Trading is never a win win all the time. You have to move forward from every losing moment and never dwell on regretting. Once you become a trader, you should always focus on the positive outcome of your trades, otherwise if you become weak, you’ll get trapped from a single loss and might not be able to trade again for profits.

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fullhdpixel
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August 04, 2023, 05:06:41 AM
 #91

Acting on anger will lose your focus. That's what you have to control because having that emotion will make you a reckless type of trader. You won't believe that it actually happened when you're in that position and you will be surprised when it has actually happened.
Anger and greed are two emotions that will always make you take the wrong decisions, so someone who wants to get success in something that they are doing, whether it's crypto trading, running a business, pursuing a career, or anything in general, you will need to have self-control so that you can have total control over these emotions because if you can't do that, you won't be able to take the right decisions at the right time and that isn't a good thing.

When you are trading cryptocurrencies, you specifically need to make sure that you are not angry nor greedy when you are buying or selling an asset, because if any of these emotions are controlling your head, you will make a hasty decision to either incur a loss or have less profit.

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August 05, 2023, 05:36:19 AM
 #92

Acting on anger will lose your focus. That's what you have to control because having that emotion will make you a reckless type of trader. You won't believe that it actually happened when you're in that position and you will be surprised when it has actually happened.
Anger and greed are two emotions that will always make you take the wrong decisions, so someone who wants to get success in something that they are doing, whether it's crypto trading, running a business, pursuing a career, or anything in general, you will need to have self-control so that you can have total control over these emotions because if you can't do that, you won't be able to take the right decisions at the right time and that isn't a good thing.

When you are trading cryptocurrencies, you specifically need to make sure that you are not angry nor greedy when you are buying or selling an asset, because if any of these emotions are controlling your head, you will make a hasty decision to either incur a loss or have less profit.
And this is because when people let their emotions take control of them they will see things that are not there, the greedy person will see in just a normal movement of bitcoin an opportunity to buy into an early bull run movement, then they will use too much money when creating their position or they may even use leverage, and when their prediction does not come true not only they will lose money, they will lose something even more important, the confidence on themselves and their skills which will make them more susceptible to make mistakes on the future.
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August 14, 2023, 05:44:19 AM
 #93

Preventing the bad emotions from cropping in something that we all miss.

Are you going to trade after having a fight with a family member? Chances are you will perform badly. Hence solve your family problems before trading.
Are you going to trade with a loan on your head? It is going to cost you and lead you to panic. Hence don't take loans for trading.
Are you trading even after losing money to make it back? You won't be able to. Take a break and spend some time with friends and family but watch the alcohol.

These are very simple words but they are going to hit every trader in some way or another. Reducing your stress, having a cushioning from loved ones makes a difference.

 
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Awaklara
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August 14, 2023, 06:10:59 AM
 #94

Preventing the bad emotions from cropping in something that we all miss.

Are you going to trade after having a fight with a family member? Chances are you will perform badly. Hence solve your family problems before trading.
Are you going to trade with a loan on your head? It is going to cost you and lead you to panic. Hence don't take loans for trading.
Are you trading even after losing money to make it back? You won't be able to. Take a break and spend some time with friends and family but watch the alcohol.

These are very simple words but they are going to hit every trader in some way or another. Reducing your stress, having a cushioning from loved ones makes a difference.
yes some of the points you said are very important for those who manage trading. especially for those who day trade, or make trading their main source of income.
Traders must be fully aware of their psychological state, their source of capital, and good controls to carry out a good trading plan.
it's not easy to control it all, but traders should try to place themselves in trades with less risk. and prioritize their profits.

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ancafe
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August 14, 2023, 08:38:57 AM
 #95

I very much have the interest to be a professional crypto trader at some point in my life, but it should be after I have understood it the way I want. Am well aware of the emotions which hunt gamblers, because I had tried it a few times. Same emotions also hunt traders and it is in the form of Fear, greed, hope, regret.
Although I beg to differ, I have learnt how it is in trying to be wary of such emotions that we become victims of such emotions in critical times.

It helps to give a constant reminder to oneself on how to control such emotions when money/crypto is involved because a loss could be a recurring outcome and not being able to manage ones emotional state could be very detrimental.
To be honest managing emotions in trading is difficult, especially our mindset when we enter the world of trading because we hope that the results of profits can bring us wealth. Controlling emotions when trading will actually make us psychologically disturbed where in the initial entry we benefit from trading and will try to enter a second entry, the problem is that it lies in the second entry if we experience a loss and this is where our psychology is disturbed. We may often hear about swing trading and leverage in trading, but if we don't try to learn to hold positions and depend entirely on leverage, sometimes the risks will be much greater.

The points you quoted might help traders understand the psychology of trading, but the panic will occur beyond expectations when you are preoccupied with doing it. Emotional control, being calm and not greedy is enough to stop panicking when someone experiences a loss in trading, the difference is that those who are experienced know what to do when they encounter a position like this in trading. Beginners may not necessarily be able to control their emotions when faced with such conditions and it is experience that will bring them to be calm in such conditions.

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August 14, 2023, 01:51:41 PM
 #96

I think this doesn't help at all, we can learn this theory but emotion is something within oneself that cannot be controlled so it causes unwanted things, actually some people can control it by learning theory and trying to practice it but I think it's just for some people only.
Personally I have felt it and learned many things about emotional control in trading but still failed.
However, there are indeed various ways with different versions of yourself to be able to control your own emotions and I think everyone will be different.
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August 14, 2023, 02:06:13 PM
Merited by fillippone (1)
 #97

I very much have the interest to be a professional crypto trader at some point in my life, but it should be after I have understood it the way I want. Am well aware of the emotions which hunt gamblers, because I had tried it a few times. Same emotions also hunt traders and it is in the form of Fear, greed, hope, regret.
Although I beg to differ, I have learnt how it is in trying to be wary of such emotions that we become victims of such emotions in critical times.

It helps to give a constant reminder to oneself on how to control such emotions when money/crypto is involved because a loss could be a recurring outcome and not being able to manage ones emotional state could be very detrimental.
I agree. Our emotions are also a key player in trading. It is easy to get swept up in the excitement of a bull market or the fear of a bear market due to the volatility of values in crypto. Still, it's important to maintain a level head. Keeping your composure and focusing on the long-term potential of your investments can help you ride out any short-term losses. It's also important to stay informed about the market to make rational decisions based on facts, not emotions. By managing your emotions and staying disciplined, you can have higher chances of success in crypto trading.

To be honest managing emotions in trading is difficult, especially our mindset when we enter the world of trading because we hope that the results of profits can bring us wealth. Controlling emotions when trading will actually make us psychologically disturbed where in the initial entry we benefit from trading and will try to enter a second entry, the problem is that it lies in the second entry if we experience a loss and this is where our psychology is disturbed. We may often hear about swing trading and leverage in trading, but if we don't try to learn to hold positions and depend entirely on leverage, sometimes the risks will be much greater.

The points you quoted might help traders understand the psychology of trading, but the panic will occur beyond expectations when you are preoccupied with doing it. Emotional control, being calm and not greedy is enough to stop panicking when someone experiences a loss in trading, the difference is that those who are experienced know what to do when they encounter a position like this in trading. Beginners may not necessarily be able to control their emotions when faced with such conditions and it is experience that will bring them to be calm in such conditions.
When panic sets in, it can be overwhelming and hard to control. This is normal, and it happens when we are afraid of losses. While the loss may be a challenge, it can also be an influential teacher if we listen and learn from it. It's important to remember that these experiences can also be valuable learning opportunities. Through trading losses, we can learn about our resilience, patience, ability to evaluate such difficult situations, what happens, why they turned that way, and lastly, learn not to make the same mistake in future encounters.

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August 14, 2023, 09:37:15 PM
 #98

I very much have the interest to be a professional crypto trader at some point in my life, but it should be after I have understood it the way I want. Am well aware of the emotions which hunt gamblers, because I had tried it a few times. Same emotions also hunt traders and it is in the form of Fear, greed, hope, regret.
Although I beg to differ, I have learnt how it is in trying to be wary of such emotions that we become victims of such emotions in critical times.

It helps to give a constant reminder to oneself on how to control such emotions when money/crypto is involved because a loss could be a recurring outcome and not being able to manage ones emotional state could be very detrimental.
I agree. Our emotions are also a key player in trading. It is easy to get swept up in the excitement of a bull market or the fear of a bear market due to the volatility of values in crypto. Still, it's important to maintain a level head. Keeping your composure and focusing on the long-term potential of your investments can help you ride out any short-term losses. It's also important to stay informed about the market to make rational decisions based on facts, not emotions. By managing your emotions and staying disciplined, you can have higher chances of success in crypto trading.

To be honest managing emotions in trading is difficult, especially our mindset when we enter the world of trading because we hope that the results of profits can bring us wealth. Controlling emotions when trading will actually make us psychologically disturbed where in the initial entry we benefit from trading and will try to enter a second entry, the problem is that it lies in the second entry if we experience a loss and this is where our psychology is disturbed. We may often hear about swing trading and leverage in trading, but if we don't try to learn to hold positions and depend entirely on leverage, sometimes the risks will be much greater.

The points you quoted might help traders understand the psychology of trading, but the panic will occur beyond expectations when you are preoccupied with doing it. Emotional control, being calm and not greedy is enough to stop panicking when someone experiences a loss in trading, the difference is that those who are experienced know what to do when they encounter a position like this in trading. Beginners may not necessarily be able to control their emotions when faced with such conditions and it is experience that will bring them to be calm in such conditions.
When panic sets in, it can be overwhelming and hard to control. This is normal, and it happens when we are afraid of losses. While the loss may be a challenge, it can also be an influential teacher if we listen and learn from it. It's important to remember that these experiences can also be valuable learning opportunities. Through trading losses, we can learn about our resilience, patience, ability to evaluate such difficult situations, what happens, why they turned that way, and lastly, learn not to make the same mistake in future encounters.


We are just that human beings which is really that susceptible with those impulsive emotional approach on things specially when dealing up with money which we are really that prone into that sudden change of

mood or emotion on which it would really be that normal that we would really be altering our earlier decisions just because you had able to experience up something that you havent experienced before.
Even if we do say that you did come into a point that  you are fully aware of the situation but still your mind and body would be able to feel up that kind of emotion on which it is really hard to resist sometimes on
not to make yourself that get affected. This is why self control and discipline what matter the most on here specially on dealing with trading which is something that deals up with something unpredictable
and totally random.

Experience and real engagement would make you that tougher as you do go forward and since you've been in countless engagement and facing up these conditions then
you would definitely be fully aware on what are the things that should really be done on the time that you would be able to face it up. It wont really be that
hard but not something impossible though.

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August 15, 2023, 05:53:11 AM
 #99

When panic sets in, it can be overwhelming and hard to control. This is normal, and it happens when we are afraid of losses. While the loss may be a challenge, it can also be an influential teacher if we listen and learn from it. It's important to remember that these experiences can also be valuable learning opportunities. Through trading losses, we can learn about our resilience, patience, ability to evaluate such difficult situations, what happens, why they turned that way, and lastly, learn not to make the same mistake in future encounters.
If we are afraid of losing then you should recognize first, is trading suitable for us or not? Because not everyone has the ability to be involved in trading and vice versa many people who feel more suitable to undergo investment. If we feel that loss is not a problem and we want to try to learn to trade to be better, then the solution is trying to get involved in a slightly smaller amount so that every loss we get does not affect psychological excessively.

Direct involvement in trading will bring our experience to increase and that's where we learn to control emotions, risks and be calm when experiencing loss. Also from our experience we can judge every trading that we live because in the end every trading only expects profits instead of loss, therefore it is necessary to experience to bring someone to achieve the knowledge of the correct trading.

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August 16, 2023, 12:32:25 AM
 #100

If we are afraid of losing then you should recognize first, is trading suitable for us or not? Because not everyone has the ability to be involved in trading and vice versa many people who feel more suitable to undergo investment. If we feel that loss is not a problem and we want to try to learn to trade to be better, then the solution is trying to get involved in a slightly smaller amount so that every loss we get does not affect psychological excessively.

Direct involvement in trading will bring our experience to increase and that's where we learn to control emotions, risks and be calm when experiencing loss. Also from our experience we can judge every trading that we live because in the end every trading only expects profits instead of loss, therefore it is necessary to experience to bring someone to achieve the knowledge of the correct trading.
It is true that not everyone can enter crypto trading. And some people have even tried to explore crypto trading for quite a long time. But they still can't get used to crypto trading which is indeed more emotionally draining and overall mentality. So we find a lot of users in this forum who talk about they don't trade and they only focus on investing. And for those who feel they are not ready for trading, choosing to invest is the right thing, especially in bitcoin. Especially if you use a DCA strategy that can minimize the psychological impact on the investor.

I agree that experience is the best. Because I personally feel that my mentality is getting better in trading after I get involved in trading more and more. Although I am not an active trader in crypto. But I do it quite often whenever I have free time from my main job. such as when on vacation and when relaxing. And without experience of course someone will not be able to improve their own emotional control in trading. Because it takes direct involvement in this matter to be able to assess the actual situation in trading that looks easy when in fact it is not easy.

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