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Author Topic: Emotions dealing  (Read 1456 times)
promise444c5 (OP)
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September 04, 2023, 09:44:05 AM
 #1

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
Oshosondy
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September 04, 2023, 10:11:20 AM
 #2

Your posts is scanty as a trading advice.

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
Trading is more than this. Sometimes if the person do not move out, he got liquidated. Sometimes, if the person moves out, the price can reverse.

set up  a TP(take profit) and SL(stop loss) for your trades
This depends on the coins you are using to trade, the leverage used and the type of trading that it is. Swing traders, low or no leverage
traders and those that are averaging may not like to use stop loss.

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yudi09
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September 04, 2023, 11:17:05 AM
 #3

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
The way to avoid and manage emotions in trading is to learn and continue to learn so that the knowledge about trading that you will have can make you. Whether you believe it or not, my job is only to convey.
Another one of the most powerful ways to deal with emotions, worship earnestly. Don't be close to God when you're having problems.

How to avoid emotions:
-snip-
When it comes to trading, it all depends on the type of coin you choose. If the coin you choose to trade doesn't have the potential to be profitable because of your ignorance, instead of reducing the emotional level that will appear, it can increase.
Apart from the concept of take profit and stop loss. I am not forbidding people from trading, but it is better to avoid it if there is no knowledge about trading.

R


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rat03gopoh
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September 04, 2023, 11:36:04 AM
 #4

Some of your tips are just options to divert your mind to other activities, but that doesn't contain any point to emotions. When you trade high volatility pairs, there is a strong urge to constantly monitor the charts and even change order settings. Emotions should be trained slowly, for example choosing a pair of low volatility or leverage and a longer trading period.

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Lida93
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September 04, 2023, 12:54:09 PM
 #5

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
These tips can be reliable only when you've overcome your trading emotions and in control if not, your emotions can still get a hold of you  with an unsettled feelings when you try to stay away from the trade or occupy yourself with another activity after setting up SL and TP.  To gain confidence on your trades is not by creating diversionary measures or tactics, you just need to be sure of whatever decision in the position of your trade and that can only be earned by learning more about trading and risk management that's how you improve on your emotions.

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September 04, 2023, 01:05:59 PM
 #6

The faster you can control your emotions in your business, the more likely you are to succeed. Emotions are the worst enemy of a businessman. Emotions make people take wrong decisions so we must control emotions. There can be no acceptance of your emotions when it comes to your business. If you are very emotional then you need to control your emotions first when you can control your emotions then you will be involved in business. You should refrain from making business decisions at a time when you have a lot of emotions running through you. Emotions never make decisions. Decisions must be taken with a cool head and thought, so if you want to improve your business, you must control your emotions.

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EarnOnVictor
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September 04, 2023, 01:16:23 PM
 #7

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
Let me correct you there, emotion is a psychological thing in trading and there is no one using it against traders as traders are absolutely in control of their trading unless they contract it out to a third-party arrangement. You have to fix this all by yourself as well.

Quote
How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley
All of the above are good precautions but still ways to try to manage emotion, and not to curb it in trading. You can add more doings to that but most people still find themselves being emotional. You can only fight this within before you can curb it.

I've curbed mine. Did you know how? I became aggressively determined and disciplined in trading. This combo helps so well and I don't flinch anymore even if I check my trading platform regularly.

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September 04, 2023, 01:21:06 PM
 #8

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

Of the several methods that you have explained, there are only three methods that I could possibly use and that I really need to manage my emotions when trading or when carrying out certain trades. The rest is something I don't need, although it's not a bad thing if someone wants to do it, but to the point "Get in some activity that will keep you busy" it will actually make me unfocused when trading. Because I am busy with other activities, my focus can be lost and will not be very regular, because I usually trade in conditions that are much more relaxed so that I can get better focus.

.
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September 04, 2023, 01:27:12 PM
 #9

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
The solution is better not to trade, in my personal opinion. You don't want to involve feelings or rather you also don't want to involve instinct in trading. But the fact is that crypto trading will always involve many factors, be it feelings or sudden decisions. Even knowledge is tested to find out how much the probability of profit is if TP.

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September 04, 2023, 01:33:02 PM
 #10

There are several threads already regarding the same thing (Emotion). I highly suggest everyone check before you create another thread. If you have something new to add to your thread, you are welcome. But you do not have something new to add, you are spamming the forum only.

Look how many threads were created in this section only. All of them are in 2022 and 2023. There are more than fifty threads on it.

Never Trade on Emotions Created on March, 2023
Emotion and Trade? Created on March, 2023
10 tips to manage one's emotions while trading crypto. Created on July 2023
Experience of failure and success can help us control the emotions. Created on March 2023
Trading Emotions Created on  May 2022
Trading = Analysis - (Instinct + Emotions) Created on September 2022

Finally, Emotions dealing Created today.


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September 04, 2023, 01:52:43 PM
 #11

  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade

Let me explain these two points:
When you trade, it's a good idea to plan things out. Decide in advance how much you want to make (take profit) and how much you're willing to lose (stop loss). After making your trade, it's best not to stare at the price chart all the time. that's because if you watch too closely, the market can make sudden, small moves that might make you nervous. You might start thinking the market will go against your trade, and you'll change your mind and switch to the opposite side. This kind of reaction often leads to many trades that don't work out, and you end up paying fees for each trade, which can add up and cause you to lose money. So, it's better to stick to your plan and not let your emotions lead to hasty decisions.
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September 04, 2023, 02:19:33 PM
 #12

if you're really weak in self control then I guess you should just stuck with investing, thats my rule of thumb, because trading could be mentally exhausting, self control is essential, even more so emotional control.
but when it comes to investment what you need is just a really good timing and you're set, you can forget it, doing some other thing like maybe increasing income through part time jobs, and many more.
overall you're just having less burden that could affect your emotions since you are more or less have target for it.
when it comes to scalping, etc, your best bet would be learning to be patient, maybe try out yoga if you think you have really bad emotion control.

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September 04, 2023, 02:25:17 PM
 #13

Why wouldn't it be applicable if you are scalping? I think you can do it when it comes to TP and SL. For the activities for a scalper, you could still do it. You should be better off and schedule it from time to time to be active. You have to have that as well so you can be successful in what you are doing.

It's best to be consistent when you are experiencing emotions. You have to follow the rules. In there, you would see the people who are disciplined and those who are not. It's going to be a deciding thing if you are able to do the following things that you have listed.

That's the secret to success in trading.

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September 04, 2023, 02:42:28 PM
 #14

There are several threads already regarding the same thing (Emotion). I highly suggest everyone check before you create another thread. If you have something new to add to your thread, you are welcome. But you do not have something new to add, you are spamming the forum only.

Look how many threads were created in this section only. All of them are in 2022 and 2023. There are more than fifty threads on it.

Never Trade on Emotions Created on March, 2023
Emotion and Trade? Created on March, 2023
10 tips to manage one's emotions while trading crypto. Created on July 2023
Experience of failure and success can help us control the emotions. Created on March 2023
Trading Emotions Created on  May 2022
Trading = Analysis - (Instinct + Emotions) Created on September 2022

Finally, Emotions dealing Created today.


There is no spamming , besides  it's just the "EMOTION " tagged word that makes look like they are related 
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September 04, 2023, 02:45:18 PM
 #15

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
OP, I've been in the crypto market and trading crypto can be said to have been 5 years, as well as my friends who do the same thing as me, but from my understanding and reflection the fatal factor influencing losses and failure in securities trading is patience, never do crypto trading, if your patience is limited to start with, you will waste messy results.

Why do you have to face all those emotions, you don't involve yourself in crypto trading, this is also often done by many people.
How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

What you need to do in crypto trading is, test your patience, if you are patient enough to handle all of that, you will easily achieve all things, not emotions that must be destroyed in trading. If you do all that, but your patience is not there, it's useless, the result is nil.

R


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September 04, 2023, 02:49:21 PM
 #16

Why wouldn't it be applicable if you are scalping? I think you can do it when it comes to TP and SL. For the activities for a scalper, you could still do it. You should be better off and schedule it from time to time to be active. You have to have that as well so you can be successful in what you are doing.

It's best to be consistent when you are experiencing emotions. You have to follow the rules. In there, you would see the people who are disciplined and those who are not. It's going to be a deciding thing if you are able to do the following things that you have listed.

That's the secret to success in trading.
I added" some might not be applicable " e.g staying away from your trade , i think that a solid one
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September 04, 2023, 02:49:49 PM
 #17

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
It is not a weapon, it just comes out naturally against us.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
Be discipline with your plans so that you won't be missing the time when you're about to take profit. Traders forget to take profit when they're busy with other things.

And that's contradicting what you're saying about doing hobbies and activities for that moment.

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September 04, 2023, 02:54:16 PM
 #18

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
It is not a weapon, it just comes out naturally against us.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
Be discipline with your plans so that you won't be missing the time when you're about to take profit. Traders forget to take profit when they're busy with other things.

And that's contradicting what you're saying about doing hobbies and activities for that moment.

I added "setup up time intervals to check your trade " although I was being  specific i might just have left it as time interval but instead  I added "hours"

Also the weapon  here is simply a psychological  weapon  let me ask this do you think they didn't considered all this emotions  stuff before creating a way for people to trade generally fine the market moves according to the trade but what about the market influencers
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September 04, 2023, 03:55:10 PM
 #19

Honestly just setting up a "take profit" and "stop loss" and leave it be until one of those gets hit is the short summary of this. I can't say that this is a bad idea, it could be considered a good idea, but at the end of the day I would have to say that it is going to be a bit of a tough one at that.

Because setting this up is the hard part, it is not going to be ending up anything easy for people to do this, it is not that easy and we should be considering it doing a lot better. I feel like it should be considered as good as it gets and should be profitable thing in the end. I do hope that people can put those two things at right places, but some people will do this and lose money because they put it at the wrong price.

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September 04, 2023, 04:18:41 PM
 #20

I added "setup up time intervals to check your trade " although I was being  specific i might just have left it as time interval but instead  I added "hours"
So, that's the connection of doing activities and having time. Well, that's good and justifiable.

Also the weapon  here is simply a psychological  weapon  let me ask this do you think they didn't considered all this emotions  stuff before creating a way for people to trade generally fine the market moves according to the trade but what about the market influencers
If you think that it's a weapon against you, you have to fight against it. I guess it varies as per trader on how he'll look onto it but we've got similarities on what we think about it.

And that is when we let our emotions drive us, something wrong will happen.

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September 04, 2023, 04:39:01 PM
 #21

Some of your tips are just options to divert your mind to other activities, but that doesn't contain any point to emotions. When you trade high volatility pairs, there is a strong urge to constantly monitor the charts and even change order settings. Emotions should be trained slowly, for example choosing a pair of low volatility or leverage and a longer trading period.

Definitely true. Op have just mentioned ways to avoid the trades. But that doesn’t applies, how you can control your emotions. Trading is very risky, and your emotions plays an important role while your hard earned money is at risk. If you choose a less risky trading pair or trade where the risk intake is low or less, then definitely you will be training your emotions and will get a control over it. According to me what OP has written doesn’t work at all to control trades and emotions.

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September 04, 2023, 04:52:48 PM
 #22

Yes this is true that one who control his emotions will move successfully but if one is grasp by emotion then coming out of it will takes time. If someone decide certain percentage of profit then controlling emotions will be easy for him because if one does not decide the limit of profit then he will wait for more increase which is not guaranteed always.

Remains busy in some activities is also a good idea because those who are useless and they are a part of bitcoin investment only will focus each second on price which can make them mentally disturbed. But don't be so busy that you will loss your desire moment because in trading one have to decide sharply as its not a holding for lengthy period of time.









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September 04, 2023, 05:00:41 PM
 #23

Honestly just setting up a "take profit" and "stop loss" and leave it be until one of those gets hit is the short summary of this. I can't say that this is a bad idea, it could be considered a good idea, but at the end of the day I would have to say that it is going to be a bit of a tough one at that.

Because setting this up is the hard part, it is not going to be ending up anything easy for people to do this, it is not that easy and we should be considering it doing a lot better. I feel like it should be considered as good as it gets and should be profitable thing in the end. I do hope that people can put those two things at right places, but some people will do this and lose money because they put it at the wrong price.

Yes right, you said risk management in a simple but reasonable way, stop los and also take profit in my opinion this is very mandatory for anyone, especially beginners and even professional traders will never be separated from these two risk management, But in my opinion even though you have implemented both of them it does not mean that you can completely avoid losses because the market is very volatile and it could be that your analysis suddenly misses because of a very significant movement, and also I think it will also not be able to completely divert you from emotions, as you said take pofit and also stop los are simple but indeed quite difficult to do, because we must be able to place both correctly and correctly.

So in the end in my view it will come back to how much they understand in doing it and also how far the knowledge they have. And also in my opinion these two items are shown only for when you cannot always monitor the market and you can put take profit and stop los so that you will not lose too much if the market drops too far without you realizing it.

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September 04, 2023, 05:03:41 PM
 #24

That's actually good advice OP, cause if we're gonna do trade and we're mentally unstable for sure it will have an impact to our decision making as well which results to a loss. It's literally human nature to have emotion that we we are facing when we're gonna have decision even in workplace sometimes we're subjective than objective due to our emotion. Also one of the factors that trader would literally feel in the internet is FOMO, it will literally gives every person the feelings and emotion mixed causes you to have second thoughts on your every move. Not only by just simply distracting yourself to calm yourself, but also discipline yourself to control your emotion and feelings like starting from a small disagreement by just being calm once you get used to it, it's really powerful.

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September 04, 2023, 05:04:10 PM
 #25

Emotion is equal to the amount of risks that you put or you are exposed to the market.
When you take high risk basically using big leverage or big lots size to trade you won't have rest of mind until the end of the trade,  while lower lots size that is equal to your account gives you peace of mind and you may not be watching the trade while it is running because you are good with the amount you will lose if hit stop lose.

Secondly, good entries also help traders manage emotions, Don't chase trades that you missed the good entry point, let them become missed trades for you, and wait for other good entry opportunities.

Lastly, use stop lose and take profit to guide your trade and emotion.

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September 04, 2023, 05:44:34 PM
 #26

Emotions are a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


Haha, this advice seems to be the Doctors' prescription for the proper health maintenance of day traders haha, as here except for the T.P. and S.P. nothing can control your trade emotions, Yeah some hobbies and tips given by the OP can help to improve physical and mental health. and Helth is key to success.

People used to take trading as few alphabets haha They don't understand the depth of this market, well OP keep it up as not endorsing and encouraging the tips and sharing redundant topic but it is at least better than the topics i.e "My Strategy", "Today Market" haha and Altcoin this that, Signal sharing and asking for signal groups.

The Key to Controlling your mention in my views is to Expect in your Limits because No expectation is for dead traders for living traders there is a need for a target that can be obtained by the Expectation but thinking out of the way is Greed and this is the most dangerous emotion.

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September 04, 2023, 06:31:46 PM
 #27

~Snip

First thing first. The one and only thing that's going to help you control your emotions is to learn to lose. If you are bothered by losing some trades, then you are influenced by emotions. The way to gain this power(lol) is to start low and follow every rule. Whether you win or lose, you stay with the rules. That way, if you lose, that won't bother you. It's a low amount and one more thing is, only use money that you can afford to lose.

If you just follow this, it will improve your emotion control way better than following those rules that you mentioned. Those only temporarily divert your mind from one thing. That does not really help in the long run. Follow what I just mentioned and you will learn additional things as you move forward.
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September 04, 2023, 07:22:00 PM
 #28

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

Controlling emotions is not an easy task but people at the end learn a way to control them. Some learn it the hard way and some are too curious and careful that before making any move they think two or three times but most of the time people take wrong trades because of emotions and then regret on what they did. You have mentioned some good points here but it is not that easy to avoid looking at market because the one who has only 0.001 BTC in his or her account is worried about market and becomes vulnerable to market sentiments.

To avoid market sentiments one must have strong belief on the asset on which they are taking trades. And if things really are going side ways then using stop loss is the best option because most of the people try to add more to decrease the liquidation price so that there trade could be saved but the bitter truth us in saving $500 they just insert $500 more and at the end due to unexpected dumps they also lost other $500 too.

To avoid this they should use SL so that the profit could be made, one thing is must to keep in mind that in trading losing no money is also equals to making profit.

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September 04, 2023, 07:51:37 PM
 #29

No advice on this is perfect, you can say it but when on the trading sit it's really hard to live by those things you had mentioned, the first advice I give on emotions in trading is first learn to be discipline this would very much help you be able to deal with your emotions and then be good at trading, trading is not gambling you actually need to have a substantial amount of knowledge about it before trading

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Faisal2202
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September 04, 2023, 07:52:11 PM
 #30

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


Setting up SL and TP is a good choice for everyone because if one knows their desired coin will reach that target, setting them up will save them energy as they do not have to see the phone again and again, but frankly, I do not think it is one of the main factors in controlling sentiments because TP and SL are not something that can be changed after they are set up. Like if one has taken the trade in the future and bought some BTC, but the price of BTC is decreasing slowly and is near the liquidation price, while the trader who is doing long has set the SL at a level above that liquidation level. Well, if he is observing the market and knows his SL will hit, he will begin to think that changing the SL might help him save a loss. So he fell prey to those sentiments.

And I really do not think keeping yourself busy with some other work while ignoring the important ups and downs of the market is a good idea if you are not a day trader. Even if you are a day trader, the best practice is to analyse the market as frequently as possible for better decision-making and for better trading, but still, everyone has their own ways and methods to make good trades.

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September 04, 2023, 08:57:55 PM
 #31

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

Scalping thing does require that time and engagement on extreme manner on which each ticks of prices would really matter which it is really that indeed true that there would be exemptions when it comes to scalping but since we are talking about day trade or some swing trades then you could really be able to insert out those actions for you to ease up that kind of stress and burst of emotion on the time that you would be able to encounter it.
On the time that you are in the verge of bursting out your emotions then it would be always that ideal on having that cooldown on yourself on which means those things above would really be helping out.
Dont make yourself that impulsive because this would really be causing even more damage specially if you are really that tolerating your anger and impulsiveness.

Its hard honestly and majority of us do really fail on first time but on the time that you had some taste of huge losses because of such anger then this is the best teacher that you would be having
on which it would really be pertaining about on experience which learnings do really come next in line which its a normal thing to gain and encounter.

R


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gunhell16
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September 05, 2023, 08:29:06 AM
 #32

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


Do you think what you are saying, dude, is enough for a trader to get a good profit in crypto trading? Do you also think that when we know how to control our emotions, it is enough for us to engage in trading skills in this field? You know that what you mentioned is not enough, in short, it is lacking.

Trading in this industry is widely used, it does not revolve around our emotions when trading is done. There is a lot to consider, which is why anyone who wants to earn and learn from this lesson must devote time and effort. That is why it is called a profession to be considered because it is not easy to learn. There is a lot to learn and understand in the world of trading in cryptocurrency, or Bitcoin.


.SWG.io.













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September 05, 2023, 09:12:19 AM
 #33

let me ask this do you think they didn't considered all this emotions  stuff before creating a way for people to trade generally fine the market moves according to the trade but what about the market influencers
First tip for you: use punctuation when writing.

Do you have your own definition of trading? Your tips really do not apply to active traders, they are almost impossible to take their concentration off the monitor. But they have their own trading adjustments and settings that are effective for their emotions like some of the ones I mentioned earlier.

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September 05, 2023, 09:31:46 AM
 #34

First tip for you: use punctuation when writing.


Thanks for the notice, i will take note of that.
let me ask this do you think they didn't considered all this emotions  stuff before creating a way for people to trade generally fine the market moves according to the trade but what about the market influencers

Do you have your own definition of trading? Your tips really do not apply to active traders, they are almost impossible to take their concentration off the monitor. But they have their own trading adjustments and settings that are effective for their emotions like some of the ones I mentioned earlier.

Fine, let's just consider it as a minor way then. However, some will still find it a successful way to suppress or even stop their emotions towards  trading.  If you have more ideas, bring it up! Smiley that's why it's a forum. Besides,  we are all learning.
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September 05, 2023, 09:34:37 AM
 #35

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
The solution is better not to trade, in my personal opinion. You don't want to involve feelings or rather you also don't want to involve instinct in trading. But the fact is that crypto trading will always involve many factors, be it feelings or sudden decisions. Even knowledge is tested to find out how much the probability of profit is if TP.
It’s better to stop trading if you find it hard to manage your emotions and create right decision making. Trading will always involve emotions no matter how you try to control or avoid it. That is why if you become too emotional when you experience losses with trading and you think that won’t be healthy for you in the long run, then it’s better to stay away from trading and just be satisfied with buy and hold. You are still making profits at the end of the day as long as you’re patient enough to wait for the right timing to sell.
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September 05, 2023, 09:38:19 AM
 #36

Emotions are a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


Haha, this advice seems to be the Doctors' prescription for the proper health maintenance of day traders haha, as here except for the T.P. and S.P. nothing can control your trade emotions, Yeah some hobbies and tips given by the OP can help to improve physical and mental health. and Helth is key to success.

People used to take trading as few alphabets haha They don't understand the depth of this market, well OP keep it up as not endorsing and encouraging the tips and sharing redundant topic but it is at least better than the topics i.e "My Strategy", "Today Market" haha and Altcoin this that, Signal sharing and asking for signal groups.

The Key to Controlling your mention in my views is to Expect in your Limits because No expectation is for dead traders for living traders there is a need for a target that can be obtained by the Expectation but thinking out of the way is Greed and this is the most dangerous emotion.

Thanks for the credit by the way Smiley, all Ideas are welcome . Emphasising  on Expect your limit:- this is a very good one actually as every one ought to know when to stop and when to continue.  I think we could use this too it's  a perfect tip Smiley.
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September 05, 2023, 10:46:33 AM
 #37

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

Trading is pure math. Emotions have nothing to do here
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September 05, 2023, 11:43:02 AM
 #38

There is no spamming , besides  it's just the "EMOTION " tagged word that makes look like they are related 

Okay, I am not here to argue, but some of these clearly relate to what you posted.
Similar things have already been discussed in many threads. But the participants are different now. Maybe there are some new participants, too. But this does not change the fact that a similar topic was created before and discussed. No offense, those were my suggestions only. If you take it positively, I don't think there is anything wrong. I would request you not to take it negatively as it was not meant to offense you.

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September 05, 2023, 11:46:12 AM
 #39

One of the common mistakes of newbies even the professionals in trading is the use of the basic stop loss and take profit, one of the best examples being greed and getting feared with their trades, we cannot deny in this trading even though he keeps saying we stick with the process of knowledge and understanding the situation there's a small percentage of your urge with your emotions and we called this as a gut feel presenting to make doubt, denial and hoping you're wagered for trading might bring profit or else you will lose. People have still self-control, reset every trade, and disregard their emotions they learned from their mistakes.

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September 05, 2023, 03:07:22 PM
 #40

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
We cannot deny that emotion is one of the keys to trading. The better we are at controlling and controlling our emotions, the better we are at dealing with all risks and conditions when trading takes place. At least, this can help us to stay calm and under-control when the market changes direction or when we need the best possible decision at the right time.

But this is indeed one of them, because there are also several keys in trading, such as our readiness in knowledge and knowledge in trading, and how to manage our risks during trading. Covers the strategy that we use. Everything will be connected and support each other.

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September 05, 2023, 03:33:16 PM
 #41

snip
Trading is pure math. Emotions have nothing to do here
In terms of the formula or calculation mechanism, it is indeed based on mathematical calculations in trading, and that is a fact, but you also need to look at other facts that influence decision making and this can be influenced by human psychology, which of course originates in the heart, namely the emotions that make a decision. calculations in trading can be ambitious or too greedy and or fear and doubt that interfere with the results of the analysis that has been carried out, I think you need to learn more about managing trading fundamentals.

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
We cannot deny that emotion is one of the keys to trading. The better we are at controlling and controlling our emotions, the better we are at dealing with all risks and conditions when trading takes place. At least, this can help us to stay calm and under-control when the market changes direction or when we need the best possible decision at the right time.

But this is indeed one of them, because there are also several keys in trading, such as our readiness in knowledge and knowledge in trading, and how to manage our risks during trading. Covers the strategy that we use. Everything will be connected and support each other.
I prefer to say mentality in trading, it includes all the things that influence your trading in making decisions, such as placing price entries, SL and TF, it is a science that is most relied on in negating psychological turmoil in trading, if someone has bad emotions or mentality, big losses cannot be avoided.

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September 05, 2023, 03:36:54 PM
 #42

Do you think what you are saying, dude, is enough for a trader to get a good profit in crypto trading? Do you also think that when we know how to control our emotions, it is enough for us to engage in trading skills in this field? You know that what you mentioned is not enough, in short, it is lacking.
Obviously, trading is more complex than we think there are a lot of things that you need to tackle or deal with to become
a successful trader which emotion is also an important aspect of it.


Trading in this industry is widely used, it does not revolve around our emotions when trading is done. There is a lot to consider, which is why anyone who wants to earn and learn from this lesson must devote time and effort. That is why it is called a profession to be considered because it is not easy to learn. There is a lot to learn and understand in the world of trading in cryptocurrency, or Bitcoin.
Yes, but it is not necessarily that you must deal with them all but it is to tackle the most important ones or face those stuff when necessary and this is where experience comes into play.

R


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September 05, 2023, 04:03:15 PM
 #43

Do you think what you are saying, dude, is enough for a trader to get a good profit in crypto trading? Do you also think that when we know how to control our emotions, it is enough for us to engage in trading skills in this field? You know that what you mentioned is not enough, in short, it is lacking.
Obviously, trading is more complex than we think there are a lot of things that you need to tackle or deal with to become
a successful trader which emotion is also an important aspect of it.


Trading in this industry is widely used, it does not revolve around our emotions when trading is done. There is a lot to consider, which is why anyone who wants to earn and learn from this lesson must devote time and effort. That is why it is called a profession to be considered because it is not easy to learn. There is a lot to learn and understand in the world of trading in cryptocurrency, or Bitcoin.
Yes, but it is not necessarily that you must deal with them all but it is to tackle the most important ones or face those stuff when necessary and this is where experience comes into play.
When we hear the word trading, we may think of something easy, but in reality it's not that easy. It may be easy in practice, we simply enter the market and make a trade. But what is difficult is the process where we have to understand the market as a whole and also understand trading fully. There are internal and external factors that will greatly help us in trading. And what is discussed here is the external factor where we must be able to control emotions. Emotion is one thing that is very attached to us, we cannot rule it out. Therefore, one of the things we must learn is emotions and how to control them.

R


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September 05, 2023, 05:23:03 PM
 #44

Do you think what you are saying, dude, is enough for a trader to get a good profit in crypto trading? Do you also think that when we know how to control our emotions, it is enough for us to engage in trading skills in this field? You know that what you mentioned is not enough, in short, it is lacking.
Obviously, trading is more complex than we think there are a lot of things that you need to tackle or deal with to become
a successful trader which emotion is also an important aspect of it.




You nailed it there mate. Emotion is always one of the most important  aspect of trading to be considered if you want to succeed, but  not every one can hold it. Thus, when you see someone not calm to his trade and also,having some negative feeling due to his trade, then he has placed more than he can afford to loose on a trade  Grin and that's was caused by emotion at the other hand . Checking trade from time to time could show your effort on a trade but at the same time give you emotions,  You just can do without it Smiley
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September 05, 2023, 05:40:18 PM
 #45

Obviously, trading is more complex than we think there are a lot of things that you need to tackle or deal with to become
a successful trader which emotion is also an important aspect of it.
Many who lose in trading in a short time are the effects of not being able to control their emotions and many regret this. The experience of traders is almost the same, there are those who quickly realize it, there are those who are not aware and get caught up in it. Eq (emotional quotient) plays an important role here, so don't let bad emotions dominate you. I agree with OP controlling emotions is very important in trading, even in gambling controlling emotions is very important. In trading it's not just how much you get in a short time, but how consistent the profit you get is.

Quote
Yes, but it is not necessarily that you must deal with them all but it is to tackle the most important ones or face those stuff when necessary and this is where experience comes into play.
Experience teaches us to learn from mistakes in trading, and makes us mentally stronger and willing to reduce the same mistakes.

R


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September 05, 2023, 06:47:15 PM
 #46

Do you think what you are saying, dude, is enough for a trader to get a good profit in crypto trading? Do you also think that when we know how to control our emotions, it is enough for us to engage in trading skills in this field? You know that what you mentioned is not enough, in short, it is lacking.
Obviously, trading is more complex than we think there are a lot of things that you need to tackle or deal with to become
a successful trader which emotion is also an important aspect of it.


Trading in this industry is widely used, it does not revolve around our emotions when trading is done. There is a lot to consider, which is why anyone who wants to earn and learn from this lesson must devote time and effort. That is why it is called a profession to be considered because it is not easy to learn. There is a lot to learn and understand in the world of trading in cryptocurrency, or Bitcoin.
Yes, but it is not necessarily that you must deal with them all but it is to tackle the most important ones or face those stuff when necessary and this is where experience comes into play.
When we hear the word trading, we may think of something easy, but in reality it's not that easy. It may be easy in practice, we simply enter the market and make a trade. But what is difficult is the process where we have to understand the market as a whole and also understand trading fully. There are internal and external factors that will greatly help us in trading. And what is discussed here is the external factor where we must be able to control emotions. Emotion is one thing that is very attached to us, we cannot rule it out. Therefore, one of the things we must learn is emotions and how to control them.
I think one point we should consider is that before one experiences such emotions, they must have either accepted trading full time or intend to trade full time for a certain duration, before delving into other interest of investment.
I don't think anyone who is per time trader has the mental vigour to spare such emotion when other interests need attention too.

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September 05, 2023, 07:14:16 PM
 #47

Obviously, trading is more complex than we think there are a lot of things that you need to tackle or deal with to become
a successful trader which emotion is also an important aspect of it.
Many who lose in trading in a short time are the effects of not being able to control their emotions and many regret this. The experience of traders is almost the same, there are those who quickly realize it, there are those who are not aware and get caught up in it. Eq (emotional quotient) plays an important role here, so don't let bad emotions dominate you. I agree with OP controlling emotions is very important in trading, even in gambling controlling emotions is very important. In trading it's not just how much you get in a short time, but how consistent the profit you get is.

Quote
Yes, but it is not necessarily that you must deal with them all but it is to tackle the most important ones or face those stuff when necessary and this is where experience comes into play.
Experience teaches us to learn from mistakes in trading, and makes us mentally stronger and willing to reduce the same mistakes.
Losing in trading is inevitable whether short time or long time, it would really just that vary on a certain trader whether they are really that prepared on such loss or not and this is where it differs because if we do compare out into those people or persons who doesnt really have that kind of sufficient experience then it would really be definitely be making that different action compared into those people who does have experience. Emotion
handling is really that crucial specially on dealing on a market which it is really indeed that volatile. There's no way that it wont really be that relevant because having that control will really lead into proper assessment specially if the price is really that going up and down which handling out your emotion would really be that important or else then you would really be messing up your early analysis.
Just like been said that experience would be the best teacher on which it would really be making us more better and more wiser as the time comes.

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September 05, 2023, 09:40:25 PM
 #48

Honestly, you can't rid of your emotions but you can minimize it. This is why we need to asses ourselves if trading really suits us like if we can control our emotions because even doing all those things that you have said but if you are still emotional when doing an actual trade, you're certainly be ended up making wrong decisions. In fact, as we can see a lot of people attempt to trade, study the market, and push themselves into it but unfortunately, many still fail because it is hard to deal with our emotions when we are not confident enough.

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September 05, 2023, 09:42:21 PM
 #49

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them lose

This is one important lesson both gamblers and traders need to take seriously, as it appears to be in front of every minimise loss advice. If one can control their emotions, they will be free from either an instance of loss or a mistake that will result in them losing something in the future based on the wrong trading decision that they might have taken out of being in the wrong state of mind.
 
It will be in the best interest of traders to adhere to emotional control in order to minimise their trading losses. Not just mode changes caused by trade losses, but any form of distraction, whether a family issue, being drunk, or any form of activity that affects the mind, should be avoided until the mind is fully settled. When a trader is in that state, he or she should avoid the trading platform until their mind is fully settled because they will not be focused to make perfect predictions to know when it's the best entry point, which will result in losing money instead of making a few profits.

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September 05, 2023, 09:55:49 PM
 #50

Honestly, you can't rid of your emotions but you can minimize it. This is why we need to asses ourselves if trading really suits us like if we can control our emotions because even doing all those things that you have said but if you are still emotional when doing an actual trade, you're certainly be ended up making wrong decisions. In fact, as we can see a lot of people attempt to trade, study the market, and push themselves into it but unfortunately, many still fail because it is hard to deal with our emotions when we are not confident enough.
I agree. There are lot of traders who are good at analysing the market but have a bad execution. We traders mostly have the same forecast about the market where it goes but we have different entry point. Some people are getting stopped out and some are materialized their trades. We have different decisions in life as well as in trading. And our decisions can be influenced by emotions, that's why we have to know how to deal with our emotions to be successful in trading.

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September 05, 2023, 10:56:54 PM
 #51

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
How we manage and control our emotions will greatly influence how we apply and carry out the right strategies and decisions at the right time. Having good and stable emotions is very important, unfortunately, this is not an age issue but it is related to several things related to one's maturation process. In regulating our emotions and controlling them, we can become more patient or conversely panic easily, we can be stronger or even weaker, we can be more manageable or even more impulsive and in the end we are careless in every action. This is not a matter of strategy preparation but rather our own emotions which will greatly influence our decisions when trading. And this is also related to our mental and psychology aspects.

R


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September 06, 2023, 08:07:15 AM
 #52

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
Trading must be prepared with everything necessary and to control emotions there is no other way than our knowledge and attitude in trading will also determine how strong we are in understanding emotional conditions in the event of a loss. If emotions cannot be controlled, then tips like the ones you give will not work, because they talk about fluctuations in the price of certain coins when we carry out trading activities.

Note:Some of these might not be applicable if you are into scalping.
Scalping is better known as taking a very close distance for the trading activity being carried out and usually this cannot be done by some people who do not understand market movement patterns. So there are many methods that may need to be learned when a beginner wants to be involved in trading, because sometimes the type of trade must be seen with the ability of the coins we are trading so that we have a basis for deciding take profit and stop loss.

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September 06, 2023, 10:35:46 AM
 #53

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
How we manage and control our emotions will greatly influence how we apply and carry out the right strategies and decisions at the right time. Having good and stable emotions is very important, unfortunately, this is not an age issue but it is related to several things related to one's maturation process. In regulating our emotions and controlling them, we can become more patient or conversely panic easily, we can be stronger or even weaker, we can be more manageable or even more impulsive and in the end we are careless in every action. This is not a matter of strategy preparation but rather our own emotions which will greatly influence our decisions when trading. And this is also related to our mental and psychology aspects.

Well of course, whatever strategy we have and no matter how accurate it is, it will be useless if we cannot balance our mental and psychological calmness, because yes as you said it will be very disturbing, while on the other hand we really need it to make the right decision. Not infrequently and like there are some traders who although they are professionals but are fooled by market movements because they may be experiencing individual problems so that they are less focused on trading and as a result make the wrong decisions. Yeah right, I also don't think that this refers to age level, but I will say that people's personalities are different and of course with their mentality and emotions as well. Therefore, for those who have a personality that is easily emotional or provoked I suggest to be more serious in managing their self-control, because obviously it is very important in trading.

Making the wrong decision is something that happens very often, they are not focused because there may be something disturbing in their minds including the shadows of defeat in the previous time so that they make decisions that are opposite to the market. In that condition I suggest you to use the FTT (follow the trend) strategy only with a long period of time, it will not be too draining your mind friend.

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September 06, 2023, 11:43:10 AM
 #54

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


In short, reduce stress. Most of your list is about making your mind relax, and we know that if we are stressed by spending long hours watching those charts, it leads us to make mistakes like not following our strategy and also leads us to overtrading because that is where the loss starts and makes us greedy.

This may work for others or not, but what I've noticed about myself is that when I let my mind relax, like during a walk, it makes me think clearly. Like before, when I sat for long hours watching the chart, I forgot to switch to higher timeframes because I was to focus on that timeframe, and I again got a mental block on where my entry should be. So having a refreshment like walking outside makes you more relaxed, and when you get back, you'll realize that you are making big mistakes.
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September 06, 2023, 11:58:11 AM
 #55


How we manage and control our emotions will greatly influence how we apply and carry out the right strategies and decisions at the right time. Having good and stable emotions is very important, unfortunately, this is not an age issue but it is related to several things related to one's maturation process. In regulating our emotions and controlling them, we can become more patient or conversely panic easily, we can be stronger or even weaker, we can be more manageable or even more impulsive and in the end we are careless in every action. This is not a matter of strategy preparation but rather our own emotions which will greatly influence our decisions when trading. And this is also related to our mental and psychology aspects.

In any aspect of life, emotions greatly influence our decisions. Of course, our emotions also influence our decisions during trading. I have often seen people, when they enter the market, then if the market starts to fall, they immediately make a decision on emotion. Their such decisions lead to losses.

Often times in trading our assumptions are wrong or the market goes against our analysis, then our emotions can make us make wrong decisions, but I don't think an experienced trader can't control his emotions at such times. , as he is fully aware of market volatility and crypto currency, these things should not affect his sentiments. I think newbies are more emotional and panic easily, and emotional decisions in the crypto currency market are often made when the market goes against our will.

In my opinion, a person who becomes aware of the environment and knows the harms there, does not panic and get emotional in any unfortunate situation; However, the uninitiated can easily fall prey to it.


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goinmerry
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September 06, 2023, 12:06:05 PM
 #56

In my opinion, a person who becomes aware of the environment and knows the harms there, does not panic and get emotional in any unfortunate situation; However, the uninitiated can easily fall prey to it.

It takes time though to become fully ready and prepared for the stressful environment outside.

Same with trading, it takes time for these traders to know how to adapt to any given market situation and trend. One should not stick to a single or few strategies even how effective are those since the crypto-market behaves unexpectedly and sometimes, gives us a surprise the moment we wake up.

Fine to lose at the start, fine to being carried away by emotions, sooner or later, once experience builds up, a trader will know how to deal with their emotion and even amid pressure and lose, they can still bounce back and goes back in the game.
Pandu Geddon
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September 06, 2023, 12:21:19 PM
 #57

In my opinion, a person who becomes aware of the environment and knows the harms there, does not panic and get emotional in any unfortunate situation; However, the uninitiated can easily fall prey to it.

It takes time though to become fully ready and prepared for the stressful environment outside.

Same with trading, it takes time for these traders to know how to adapt to any given market situation and trend. One should not stick to a single or few strategies even how effective are those since the crypto-market behaves unexpectedly and sometimes, gives us a surprise the moment we wake up.

Fine to lose at the start, fine to being carried away by emotions, sooner or later, once experience builds up, a trader will know how to deal with their emotion and even amid pressure and lose, they can still bounce back and goes back in the game.

a professional trader today also used to have a hard time struggling with their own emotions. who knows how many times they have to lose, but those who survive and develop their abilities will become more professional.
There are many trading techniques that can be learned, but the experience will overcome any doubts about the trades made. This is indeed not an easy matter, it takes time for a trader to truly master their emotions.
tygeade
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September 06, 2023, 01:42:08 PM
 #58

One of the common mistakes of newbies even the professionals in trading is the use of the basic stop loss and take profit, one of the best examples being greed and getting feared with their trades, we cannot deny in this trading even though he keeps saying we stick with the process of knowledge and understanding the situation there's a small percentage of your urge with your emotions and we called this as a gut feel presenting to make doubt, denial and hoping you're wagered for trading might bring profit or else you will lose. People have still self-control, reset every trade, and disregard their emotions they learned from their mistakes.
I would say using stop loss and take profit is actually a good thing, why would you consider that as a mistake? If you do not want to be greedy then you should be using those and you would be able to trade better that way.

I agree that it is not a simple thing but it could end up helping people without a doubt. Many people think that it is going to be a tough thing but we should be able to do it one way or another, that could only lead to a better result without a doubt. I understand that life is not that simple, but we need to make sure that it is going to end up being a little different in the end and could reach to a bit of a trouble if you are not careful about it as well, you should be expecting a good return.

Lorence.xD
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September 06, 2023, 02:32:32 PM
 #59

In my opinion, a person who becomes aware of the environment and knows the harms there, does not panic and get emotional in any unfortunate situation; However, the uninitiated can easily fall prey to it.

It takes time though to become fully ready and prepared for the stressful environment outside.

Same with trading, it takes time for these traders to know how to adapt to any given market situation and trend. One should not stick to a single or few strategies even how effective are those since the crypto-market behaves unexpectedly and sometimes, gives us a surprise the moment we wake up.

Fine to lose at the start, fine to being carried away by emotions, sooner or later, once experience builds up, a trader will know how to deal with their emotion and even amid pressure and lose, they can still bounce back and goes back in the game.

a professional trader today also used to have a hard time struggling with their own emotions. who knows how many times they have to lose, but those who survive and develop their abilities will become more professional.
There are many trading techniques that can be learned, but the experience will overcome any doubts about the trades made. This is indeed not an easy matter, it takes time for a trader to truly master their emotions.

Of course that's the nature of the human being, to have emotions and feelings so even those people who's considered as professional would still feel emotions that every person would feel like anger, frustration and many more. It literally depends on how we or them handling their emotions that could minimize it for them to use their brain fully without the influence of unnecessary feelings like FOMO and FUD so those we considered pro are much better at handling emotions cause by that they are capable to do high risk decisions. Well I agree that once you've experienced more in this industry, the more you can handle your emotions since you will be familiar yourself on how things work but also you've learned from your past mistakes.

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promise444c5 (OP)
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September 06, 2023, 03:43:31 PM
 #60

One of the common mistakes of newbies even the professionals in trading is the use of the basic stop loss and take profit, one of the best examples being greed and getting feared with their trades, we cannot deny in this trading even though he keeps saying we stick with the process of knowledge and understanding the situation there's a small percentage of your urge with your emotions and we called this as a gut feel presenting to make doubt, denial and hoping you're wagered for trading might bring profit or else you will lose. People have still self-control, reset every trade, and disregard their emotions they learned from their mistakes.
I would say using stop loss and take profit is actually a good thing, why would you consider that as a mistake? If you do not want to be greedy then you should be using those and you would be able to trade better that way.

I agree that it is not a simple thing but it could end up helping people without a doubt. Many people think that it is going to be a tough thing but we should be able to do it one way or another, that could only lead to a better result without a doubt. I understand that life is not that simple, but we need to make sure that it is going to end up being a little different in the end and could reach to a bit of a trouble if you are not careful about it as well, you should be expecting a good return.

Thank you for this, it just a task to be considered  , you already calculated you profit and you've probably minimize your loss and prepared for the worse so you can't be worried too much with your emotions
AakZaki
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September 06, 2023, 04:54:15 PM
 #61

It seems easy to come up with a few tips needed to deal with trading emotions, but in reality it will not work completely. Using TP/SL might help, but unstable emotional control will destroy all strategies and not work as desired. Some activities aimed at avoiding emotions will not be carried out completely. It's just a diversion, but when we return to trading emotions will arise and it won't be good. One of the reasons why they have unstable emotions is because they don't have enough knowledge about trading and how to manage trades well.
Hamphser
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September 06, 2023, 05:28:12 PM
 #62

In my opinion, a person who becomes aware of the environment and knows the harms there, does not panic and get emotional in any unfortunate situation; However, the uninitiated can easily fall prey to it.

It takes time though to become fully ready and prepared for the stressful environment outside.

Same with trading, it takes time for these traders to know how to adapt to any given market situation and trend. One should not stick to a single or few strategies even how effective are those since the crypto-market behaves unexpectedly and sometimes, gives us a surprise the moment we wake up.

Fine to lose at the start, fine to being carried away by emotions, sooner or later, once experience builds up, a trader will know how to deal with their emotion and even amid pressure and lose, they can still bounce back and goes back in the game.

a professional trader today also used to have a hard time struggling with their own emotions. who knows how many times they have to lose, but those who survive and develop their abilities will become more professional.
There are many trading techniques that can be learned, but the experience will overcome any doubts about the trades made. This is indeed not an easy matter, it takes time for a trader to truly master their emotions.

Of course that's the nature of the human being, to have emotions and feelings so even those people who's considered as professional would still feel emotions that every person would feel like anger, frustration and many more. It literally depends on how we or them handling their emotions that could minimize it for them to use their brain fully without the influence of unnecessary feelings like FOMO and FUD so those we considered pro are much better at handling emotions cause by that they are capable to do high risk decisions. Well I agree that once you've experienced more in this industry, the more you can handle your emotions since you will be familiar yourself on how things work but also you've learned from your past mistakes.
One of the most hardest things that you could really be able to encounter on the time that you would really be dealing up with trading on which it cant really be that so easy on making yourself to be calm on the time that you would really be seeing your trades are losing or even with your portfolio is really on negative. You would really be needing to get deal with your own emotions on which i could say that it is really just that normal that you would be having that kind of reaction since no one really likes on losing money and as a human being then these reactions are normal.

The advantage into those people who do have sufficient experience and knowledge towards the market will really be at least knowing that its always been volatile and cant really be predicted. You would really be
needing to learn on how to control your emotions so that you would really be able to control and make stick with your analysis that had made out earlier. You cant really just be that making out some
impulsive actions just because you had been altered out by your emotions which you should really be needing to adjust on if once you do encounter it.

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Fuso.hp
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September 06, 2023, 05:32:33 PM
 #63

Emotions are not permanent, at a certain age you must avoid emotions. If you can't control your emotions then the world is very difficult for you. A lot of emotions work in a certain age range but once a certain age limit is crossed if we try to work through emotions it will never get accepted. I don't think anyone to date has succeeded in making decisions based on emotion. If there is emotion in ourselves then we must learn to control that emotion. If emotion controls us then it is never possible to do anything good in life. All decisions in the field of business should be taken after careful consideration because one wrong decision can destroy a well-laid business. So we must avoid emotions before taking decisions in all areas including business.

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darewaller
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September 06, 2023, 06:54:25 PM
 #64

if you're really weak in self control then I guess you should just stuck with investing, thats my rule of thumb, because trading could be mentally exhausting, self control is essential, even more so emotional control.
but when it comes to investment what you need is just a really good timing and you're set, you can forget it, doing some other thing like maybe increasing income through part time jobs, and many more.
overall you're just having less burden that could affect your emotions since you are more or less have target for it.
when it comes to scalping, etc, your best bet would be learning to be patient, maybe try out yoga if you think you have really bad emotion control.
Investing also requires self-control. You need to control your self of not selling so that you won't lose when the price drops or you can earn a huge income if the price have only risen a little. Trading is mentally exhausting because there are different things that we need to learn and adapt in order to improve our trading performances but we should try to get used to it if our goal is to become a good trader like on what we see in the social media sites nowadays.

It's also possible that we can forget our trades for a while because there is that trading bots that we can use. They can be free or paid, but the paid one could offer a better experience and we can still recover the cost that we spend it to it later on if our trading skills are already superb. Yes yoga helps stabilizes our mood. I do it sometimes when I'm stressed out. It's easy and can be beneficial to us if we are a trader or investor.
Y3shot
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September 07, 2023, 06:27:41 AM
 #65

Emotions are not permanent, at a certain age you must avoid emotions. If you can't control your emotions then the world is very difficult for you. A lot of emotions work in a certain age range but once a certain age limit is crossed if we try to work through emotions it will never get accepted. I don't think anyone to date has succeeded in making decisions based on emotion. If there is emotion in ourselves then we must learn to control that emotion. If emotion controls us then it is never possible to do anything good in life. All decisions in the field of business should be taken after careful consideration because one wrong decision can destroy a well-laid business. So we must avoid emotions before taking decisions in all areas including business.
What leads to emotions is greed , some traders comes into the market and have a specific amount they would want to gain in trading and whereby they are not able to get what already has been placed in their mind they become so  emotional because they couldn't get what they wanted from their trade. The first thing to overcome emotions in trading is to put aside greed from trading and to understand that trading is all about loss and gain. If traders should have understanding of accepting profits no matter how small it could be, it means they have been able to overcome greed which will not lead to emotions.
ancafe
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September 07, 2023, 07:39:47 AM
 #66

It seems easy to come up with a few tips needed to deal with trading emotions, but in reality it will not work completely. Using TP/SL might help, but unstable emotional control will destroy all strategies and not work as desired. Some activities aimed at avoiding emotions will not be carried out completely. It's just a diversion, but when we return to trading emotions will arise and it won't be good. One of the reasons why they have unstable emotions is because they don't have enough knowledge about trading and how to manage trades well.
You are right because giving some tips will be much easier than implementing them, dealing with emotions is not easy because we will be curious every time we make a trade, especially when we initially benefit from the trades we take. I think it is necessary to have discipline and not be involved in trading excessively if you have not fully mastered how to do it correctly and complete knowledge is needed about the trade you want to run. Emotions can be avoided when one has the discipline and knows how to stop when a trade is not profitable for them at any given time.

Make sure every time we trading we understand when to stop and continue because this is important so that we avoid the risk of loss. Because trading is not easy to do if one does not have complete knowledge about it and forcing trading activities using emotions will bring someone to a big loss stage, therefore trading is not an easy job for anyone to do if you don't have knowledge about

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September 07, 2023, 08:36:40 AM
 #67

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

Your first point would only be realistic if your trading strategy work well coupled with your risk management, you can't just set Take Profit and Stop Loss on any strategy that had proven to fail.
The second point has to deal with emotions and   psychology while trading of course you don't force yourself to trading if the your trading strategy set-up isn't formed thus it better to stay away completely for such a trade.
Third point is to adopt a trading strategy based on Higher Timeframe atleast 4 hours frame which requires less period of analysis thus having enough time to do other leasure activities after a trade is already placed thereafter check the trade occasionally just to look at price or market.

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September 07, 2023, 09:46:17 AM
 #68

When we hear the word trading, we may think of something easy, but in reality it's not that easy. It may be easy in practice, we simply enter the market and make a trade. But what is difficult is the process where we have to understand the market as a whole and also understand trading fully. There are internal and external factors that will greatly help us in trading. And what is discussed here is the external factor where we must be able to control emotions. Emotion is one thing that is very attached to us, we cannot rule it out. Therefore, one of the things we must learn is emotions and how to control them.
I think one point we should consider is that before one experiences such emotions, they must have either accepted trading full time or intend to trade full time for a certain duration, before delving into other interest of investment.
I don't think anyone who is per time trader has the mental vigour to spare such emotion when other interests need attention too.

Yes, it can be done before they start trading with a shorter period of time. They can start with long-term investments, while doing so they can learn more about trading especially in controlling emotions which can be said to be the enemy of a trader. The mentality in trading they can learn and when they jump into trading they will be better prepared, and that will be very helpful.
It is also possible that many of the traders who are currently there, that they start with investment first, and when everything is much more prepared they can apply it to the trade they want at the beginning.

R


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September 07, 2023, 11:22:34 AM
 #69

In my opinion, a person who becomes aware of the environment and knows the harms there, does not panic and get emotional in any unfortunate situation; However, the uninitiated can easily fall prey to it.

It takes time though to become fully ready and prepared for the stressful environment outside.

Same with trading, it takes time for these traders to know how to adapt to any given market situation and trend. One should not stick to a single or few strategies even how effective are those since the crypto-market behaves unexpectedly and sometimes, gives us a surprise the moment we wake up.

Fine to lose at the start, fine to being carried away by emotions, sooner or later, once experience builds up, a trader will know how to deal with their emotion and even amid pressure and lose, they can still bounce back and goes back in the game.

The crypto currency market is a volatile market, it never goes according to our will, we have to go with the market trend. One should not stick to a single strategy but as per market trend we have to adopt some effective strategy. The market may go against our strategies. It is not necessary that every strategy is successful, but still we have to come out of difficult situations in some effective way.Sometimes we have to settle for a small loss to save ourselves from a big loss


In the initial days whenever we go into any field we may face difficulties. This is a natural process because we are not aware of the environment, and it can cause us harm or difficulties, but with time and experience we learn the art of coping with our emotions, our failures, our mistakes or losses. We know how to deal with these situations rather than harming us in this stressful environment.


.SWG.io.













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September 07, 2023, 12:24:45 PM
 #70

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


Avoiding your emotions is impossible but controlling it is possible.

None of what you've said made sense, because if you're trading, you can't do other things just to make yourself busy because that will lose your focus, I mean, it's not that bad to take a break if it is the right time but if it is trading time, making other things just to avoid emotions is nonsense. Even setting up a TP and SL will gives you emotions no matter what is the result of your trade.
Out of mind
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September 07, 2023, 02:25:17 PM
Merited by fillippone (1)
 #71

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

Emotions are an investor's biggest obstacle that hinders him from rising to the top. But we can say for sure that if a businessman can control his emotions, then he can be successful in the future. Many a time it is seen that some people send their money to the wrong address while doing transactions and later break down emotionally due to which he lags behind a lot and gets hampered. And if he can't control that emotion then he must control his own emotions well and trade well in future there are many cases of such wrong transactions. To do such business, a person must control his emotions so that later he can be successful when he starts the business. All the words you have said, if a trader takes such a decision, he can definitely control his emotions and make good profit in future trading.

R


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traderethereum
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September 07, 2023, 05:11:18 PM
 #72

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


Avoiding your emotions is impossible but controlling it is possible.

None of what you've said made sense, because if you're trading, you can't do other things just to make yourself busy because that will lose your focus, I mean, it's not that bad to take a break if it is the right time but if it is trading time, making other things just to avoid emotions is nonsense. Even setting up a TP and SL will gives you emotions no matter what is the result of your trade.
I suggest learning to control your emotions so you don't lose focus when trading.
It might be difficult at first but it's worth it because controlling our emotions allows us to analyze and not rush into decisions calmly.
Yes, resting after trading is very necessary, at least to reduce the emotions that arose during previous trading.
And finally, don't be greedy if you have already made a profit.

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September 07, 2023, 06:08:05 PM
 #73

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
This happened with me many times and decision at the time of emotion mostly gives bad result. At the start when i start trading my hobby is to buy coins at low price then wait for some days to rise which gives me good profit most of the time but after some years now I want to get profit in one hour. If tokens price down, my emotion force me to sell to keep safe my fund for further lose. Many tokens recovers after that but I could not fo anything.




Quote

  • set up  a TP(take profit) and SL(stop loss) for your trades
Is there any options to use both at the same time because i am using only stop loss that time?

Quote

  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley
These steps are not easy as they look like. when I buy any coins then i have to check market price in very half hours. These steps are somehow useful but I think setting with laptop to check graph and other analysis will more profitable. It will help to learn the graph and anytime we can control stop loss and take profit.



 

 

 

 

 

 


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usekevin
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September 07, 2023, 08:47:51 PM
 #74

Emotions are not permanent, at a certain age you must avoid emotions. If you can't control your emotions then the world is very difficult for you. A lot of emotions work in a certain age range but once a certain age limit is crossed if we try to work through emotions it will never get accepted. I don't think anyone to date has succeeded in making decisions based on emotion. If there is emotion in ourselves then we must learn to control that emotion. If emotion controls us then it is never possible to do anything good in life. All decisions in the field of business should be taken after careful consideration because one wrong decision can destroy a well-laid business. So we must avoid emotions before taking decisions in all areas including business.

Some experienced people know the fact,the emotion is the most important one in the trading.When the bull market,you should not sell with minimum profit By the emotion.Instead wait for the maximum bull run,if you think it was all time high and followed by the bear market.At that time,you can do the sell of holding bitcoin.Holding for the longer period in the crypto trading was good for more profit.If the emotion control us,we can’t trade with the planned manner.Some panic selling may occur due to lack of emotional control.
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September 07, 2023, 09:33:40 PM
 #75

If there is emotion in ourselves then we must learn to control that emotion. If emotion controls us then it is never possible to do anything good in life. All decisions in the field of business should be taken after careful consideration because one wrong decision can destroy a well-laid business. So we must avoid emotions before taking decisions in all areas including business.

Trading and emotions don't work together because emotions which is how we are feeling are not how the market works. If you depend on your emotions for trading, you'll let the fear of missing out always make you to make decisions that will make you lose. Also you'll let fear, uncertainty and doubts make you to miss out on making a trade that could have made you profits. If you are having problem with controlling your emotions, don't get into trading.

Trading reeds you to be focused, dedicated and disciplined and for you to have all those you have to be in control of your emotions to enable you to not make some mistakes that could have been avoided. Individuals not having control over their emotions are bad traders.

R


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September 07, 2023, 09:38:55 PM
 #76

For me, there’s no perfect strategy to avoid our emotions because that is already within us no matter what. Whatever we opt to do, there’s always an emotion involved. However, when it comes to trading, the only way we can avoid being too emotional is by having sufficient experience in the trading market. Other than that, trading will never be effective and profitable in the future.

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September 07, 2023, 09:53:38 PM
 #77

For me, there’s no perfect strategy to avoid our emotions because that is already within us no matter what. Whatever we opt to do, there’s always an emotion involved. However, when it comes to trading, the only way we can avoid being too emotional is by having sufficient experience in the trading market. Other than that, trading will never be effective and profitable in the future.

and before you go in into this activity, you should know what you are dealing with. you may have high expectations but you should know your limitations on this aspect of this market. you can't always get the profits you want, but you can always learn a thing or two to improve your portfolio.

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September 07, 2023, 10:04:34 PM
 #78

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
Saying emotion is a weaponed used against traders makes me wonder who is wheeling this weapon against them traders. If it’s the exchange against them traders or it’s the market against traders.
There isn’t any other party to this most times as, it’s always traders against traders and the result of your trade is based on either good or bad decisions on your part. You get to decipher what is or what could be from your analysis, develop a trading plan and be disciplined enough to go with it.

Quote
How to avoid emotions:

  • set up  a TP(take profit) and SL(stop loss) for your trades
I think that was the only point as it concerns trading that you mentioned in this thread. The rest were simply how to stay distracted from getting back to the charts and watch the proceedings of your trade.

TP and SL does help you to stay on course with your trading plan and that does keep emotions off alright. Still, it’s not always an easy to archive as, your surely going to be conscious of the activity in the charts no matter what.

R


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September 07, 2023, 10:08:36 PM
 #79

-snip-
Trading reeds you to be focused, dedicated and disciplined and for you to have all those you have to be in control of your emotions to enable you to not make some mistakes that could have been avoided. Individuals not having control over their emotions are bad traders.
Traders who can't control their emotions are not only those who are beginners in trading, but some of them are also quite professional traders.
Emotions that cannot be controlled will result in many losses, especially in strategies that have been made and will fail when emotions are uncontrollable and go off the track.

Not just focus, traders must also master the crypto market, understand chart reading for technical analysis, understand fundamental analysis, and be able to make predictions for future trends.

And also good management will provide good trading too.
There will be no panic when risk management, and financial management can apply.
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September 08, 2023, 02:59:04 AM
 #80

~Snip
How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley
Some of the points you provide are quite relevant to the real situation in trading. But a few points too, in my opinion, are very ineffective for controlling emotions when trading crypto.
Then in my personal opinion, to be able to control emotions when transacting in the crypto market. Actually there are many factors that can make our emotions stable. One of which is:

Experience
By having deep experience in trading crypto every day, such as gaining experience when experiencing losses caused by various things. So in my opinion mentally and psychologically, people who have experienced this will definitely have a stronger mentality and be able to control their emotions better.

Knowledge
This is very basic stuff. Just try to do some research, that traders with less knowledge have a greater potential for not being able to control their emotions when transacting in the crypto market.

Use cold capital (money)
And finally, it is this factor that plays a very important role, to be able to control emotions more when trading crypto, namely using cold capital. Why does this have such a big impact? Because if trading and capital use hot money. There will definitely be some feelings that haunt you while trading. This is anxiety, fear and restlessness. I'm sure it must be there. Even though I've never used hot money as trading capital, chances are the feeling will definitely emerge.

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September 08, 2023, 01:03:17 PM
 #81

Traders who can't control their emotions are not only those who are beginners in trading, but some of them are also quite professional traders.
Emotions that cannot be controlled will result in many losses, especially in strategies that have been made and will fail when emotions are uncontrollable and go off the track.

Well that's right, people are basically the same they have personalities that are not much different, such as greed or maybe a sense of fear that tends to be high and also a sense of emotion is definitely there but with different levels. Yes, I also won't say that mistakes are only for beginners, but even for professional traders it can really happen, especially for emotional problems. I think it depends on something that is happening to them, for example a trader who has personal problems outside of trading then it can really interfere with them in trading, emotions can occur there and also especially make wrong decisions.

Not just focus, traders must also master the crypto market, understand chart reading for technical analysis, understand fundamental analysis, and be able to make predictions for future trends.

And also good management will provide good trading too.
There will be no panic when risk management, and financial management can apply.

Well and I think this can be the difference between beginners and professionals, those who are professionals will obviously at least know the various conditions that exist in the market and also the habits of the market, such as understanding price movements and being able to read some indications that signal the movement will go where. While those who are beginners are very limited as we know in general. Planning in trading with various self-control limits such as it has become a very mandatory thing that traders have, and also in my opinion all of this they can get when they already have high flying hours in trading, risk management will always be the thing they focus on (professional traders), because only that can help them, I mean minimizing losses there.

Yes, everything will go well if they can control everything well, and their profit target can also be achieved according to the target that has been determined.

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September 09, 2023, 04:52:57 PM
 #82

It seems easy to come up with a few tips needed to deal with trading emotions, but in reality it will not work completely. Using TP/SL might help, but unstable emotional control will destroy all strategies and not work as desired. Some activities aimed at avoiding emotions will not be carried out completely. It's just a diversion, but when we return to trading emotions will arise and it won't be good. One of the reasons why they have unstable emotions is because they don't have enough knowledge about trading and how to manage trades well.
Emotions is not easy to overcome and it takes a lot of work for us to make sure that we don't keep making the loses we have been seeing. Emotion can damage our morale and make us look like a newbie in the market because it will make us scared and unable to trade the market in the proper way even though we can analyze the market very well without issue. Trading cam be very frustrating with emotions if we don't know how to fix ourselves or do to make us make profits from the market. We ought to trade in the right way or emotions will deal with us.









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September 09, 2023, 05:05:46 PM
 #83

It seems easy to come up with a few tips needed to deal with trading emotions, but in reality it will not work completely. Using TP/SL might help, but unstable emotional control will destroy all strategies and not work as desired. Some activities aimed at avoiding emotions will not be carried out completely. It's just a diversion, but when we return to trading emotions will arise and it won't be good. One of the reasons why they have unstable emotions is because they don't have enough knowledge about trading and how to manage trades well.
Emotions is not easy to overcome and it takes a lot of work for us to make sure that we don't keep making the loses we have been seeing. Emotion can damage our morale and make us look like a newbie in the market because it will make us scared and unable to trade the market in the proper way even though we can analyze the market very well without issue. Trading cam be very frustrating with emotions if we don't know how to fix ourselves or do to make us make profits from the market. We ought to trade in the right way or emotions will deal with us.
Trading is similar to gambling and you don't need to allow your emotions to control you if not you will end up in a big loss. The difference between trading and gambling is that a trader ends up being an expert and will start making profit with time which is certain. But gambling will only lead to more loss as time goes on. Don't give up to your emotions when trading because it isn't a good factor to a successful trader. It is better that when you have been taken by your emotions,you quit trading for sometimes and trade again when you are in a good mood. Skill and concentration on the market will not come to play no matter how good you are in trading if you let yourself to be controlled by your emotions.

R


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September 09, 2023, 05:06:53 PM
 #84

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
Trading is pure math. Emotions have nothing to do here
I don't think it's pure math as your trades can actually be different based on your emotions and mental condition. You won't be able to make the right decisions and make the correct trades if you are mentally unstable and vice versa. So, you can't say that emotions have nothing to do here, It's emotions that make someone panic and sell their assets, and it's also emotions that make someone FOMO and buy a token at a very wrong time and lose their investment or a part of it.

Your emotions can always make the best of what you do and it can also ruin everything, so emotions play a great role in anything that you do in life. Those who have control over their emotions will usually get success in whatever they do while others will have to face a lot of failures in life.

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September 09, 2023, 05:41:16 PM
 #85

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
Trading is pure math. Emotions have nothing to do here
I don't think it's pure math as your trades can actually be different based on your emotions and mental condition. You won't be able to make the right decisions and make the correct trades if you are mentally unstable and vice versa. So, you can't say that emotions have nothing to do here, It's emotions that make someone panic and sell their assets, and it's also emotions that make someone FOMO and buy a token at a very wrong time and lose their investment or a part of it.

Your emotions can always make the best of what you do and it can also ruin everything, so emotions play a great role in anything that you do in life. Those who have control over their emotions will usually get success in whatever they do while others will have to face a lot of failures in life.

That's right, how can someone say that emotions are not involved in trading, I don't understand that statement. We must remember as you said that mental and psychological is very necessary, what is the use of it? discuss a little, mental and psychological will greatly help you in finding the right decision, okay you have a strategy that is 100$ accurate for example, but still if you do not have a good mental and psychological how can you dare to open a position, and obviously it will help you to minimize hesitation or fear when you want to open a trade. First you have a strategy that is believed to be effective and to perfect it you also need a calm mentality and psychology to be able to turn the trading results into profits. As you said it is absolutely true, this is not a matter of mathematics but also very involved with the mental and psychological of a person who can minimize your emotions to stay guarded,
it is not uncommon for people to make the wrong decision because they may be late opening a trade because of doubt.

So yes, the point is that emotions are very involved in trading and if you have a strong mentality and psychology to always remain calm then you will be able to minimize your emotions because if I let it maybe you will experience MC, that case has happened a lot.

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September 09, 2023, 05:45:43 PM
 #86

-snip-
Trading reeds you to be focused, dedicated and disciplined and for you to have all those you have to be in control of your emotions to enable you to not make some mistakes that could have been avoided. Individuals not having control over their emotions are bad traders.
Traders who can't control their emotions are not only those who are beginners in trading, but some of them are also quite professional traders.
Emotions that cannot be controlled will result in many losses, especially in strategies that have been made and will fail when emotions are uncontrollable and go off the track.
I see the term professional as used there and it sort of reminds me of a post made by Ratimov some time ago to correct an impression. An impression on how the term professional is used with respect to trading and traders. The term mainly describes traders to be individuals who work for a firm, be it a large organization or something of that nature who are paid for there skills to take trades and create different market conditions such as market movers by virtue of there positions in a trade.

Emotions is a part of human nature, one that isn’t going to go away and no matter how we could try, it would always come surfacing every now and then but, the longer you play with it, the better you would be at handling it when it pops up your mind every now and then while on a trade.
It’s a need to master skill for every trader as it defines the point where you get to cut lose or be contented with your trade profits.

R


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September 09, 2023, 06:34:53 PM
 #87

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
Trading is pure math. Emotions have nothing to do here
I don't think it's pure math as your trades can actually be different based on your emotions and mental condition. You won't be able to make the right decisions and make the correct trades if you are mentally unstable and vice versa. So, you can't say that emotions have nothing to do here, It's emotions that make someone panic and sell their assets, and it's also emotions that make someone FOMO and buy a token at a very wrong time and lose their investment or a part of it.

Your emotions can always make the best of what you do and it can also ruin everything, so emotions play a great role in anything that you do in life. Those who have control over their emotions will usually get success in whatever they do while others will have to face a lot of failures in life.

That's right, how can someone say that emotions are not involved in trading, I don't understand that statement. We must remember as you said that mental and psychological is very necessary, what is the use of it? discuss a little, mental and psychological will greatly help you in finding the right decision, okay you have a strategy that is 100$ accurate for example, but still if you do not have a good mental and psychological how can you dare to open a position, and obviously it will help you to minimize hesitation or fear when you want to open a trade. First you have a strategy that is believed to be effective and to perfect it you also need a calm mentality and psychology to be able to turn the trading results into profits. As you said it is absolutely true, this is not a matter of mathematics but also very involved with the mental and psychological of a person who can minimize your emotions to stay guarded,
it is not uncommon for people to make the wrong decision because they may be late opening a trade because of doubt.

So yes, the point is that emotions are very involved in trading and if you have a strong mentality and psychology to always remain calm then you will be able to minimize your emotions because if I let it maybe you will experience MC, that case has happened a lot.
Those people who have said that emotions and psychological aspects arent involved on trading is basically that shows or means that those people didnt actually have that trading session ever since. No one would really be to those people who do have actuial experience in trading will really be able to say up such words which is really that totally impossible since these things are the main reasons on why you would really be making out some decisions basing up on the analysis that you had made. You would really be needing to set up some back up plans if ever one of the analysis you had made did turn out to be wrong because of that sudden market changes which we know that its always been that unpredictable and random.

Therefore, it would really be that resulting into such condition which it would really be mixing out your emotions and might really be that resulting into alterations of your earlier analysis
which might lead into that more losses and this is something that you should really be needing to control. If you dont have that kind of discipline towards self then you are really that prone to lots of errors and mistakes just because did make out some change basing up on what you had encountered. Well, this isnt something new and there's always a chance that you do alter out your earlier
decisions just because you do become that impulsive.

R


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September 10, 2023, 05:11:52 AM
Last edit: September 16, 2023, 03:32:12 AM by wxa7115
 #88

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

Most of the negative emotions that a trader may feel come after suffering a bad loss, so a great deal of those measures will not work as they are mostly geared towards preventing a negative emotional state to happen, something relatively easy, and they do not focus and how to deal with that state once it has appeared, something way more difficult.

I really think that after a bad loss the best thing a trader can do is to stay away from the markets, otherwise they may try to recover their money on the next trade and they will instead just lose more money as a result of their negative emotions.
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September 10, 2023, 02:28:40 PM
 #89

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
Trading is pure math. Emotions have nothing to do here
I don't think it's pure math as your trades can actually be different based on your emotions and mental condition. You won't be able to make the right decisions and make the correct trades if you are mentally unstable and vice versa. So, you can't say that emotions have nothing to do here, It's emotions that make someone panic and sell their assets, and it's also emotions that make someone FOMO and buy a token at a very wrong time and lose their investment or a part of it.

Your emotions can always make the best of what you do and it can also ruin everything, so emotions play a great role in anything that you do in life. Those who have control over their emotions will usually get success in whatever they do while others will have to face a lot of failures in life.

Emotions play a critical role in every aspect of life because they influence our decision-making and the way we think. Just imagine you are in a stressful situation. You tend to think quickly to resolve that situation, but you are not looking at the long-term solution, which makes you sometimes make bad decisions. How much more in trading that emotion play a great role in it.

You have a great strategy, it is really proven that it is working, and you have a high percentage of winning if you follow that, but because of emotions, like not having patience on trades, you do not follow your strategy and skip some processes that will lead you to losses. Also, even though you have already reached your daily target, you still continue to trade because you are now greedy to earn more profit, which again can lead to losses.

Emotions are really a big factor in trading, and they decide whether you win or not. That is why other traders are really trying to learn how to control themselves, as that is their number one enemy in trading.

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September 10, 2023, 03:37:58 PM
 #90

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
The solution is better not to trade, in my personal opinion. You don't want to involve feelings or rather you also don't want to involve instinct in trading. But the fact is that crypto trading will always involve many factors, be it feelings or sudden decisions. Even knowledge is tested to find out how much the probability of profit is if TP.
I support this. If possible, let him do the easy DCA everyone knows. Even if he won't be checking his laptop to check his chart, fine just use Dual Investment. It works like DCA but in an automatic format. Less high blood pressure, easy living

I believe in Crypto| BTC Analyst| Trader in good Cex (Bitget and Binance)
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September 10, 2023, 03:51:31 PM
 #91

I think this can be the difference between beginners and professionals, those who are professionals will obviously at least know the various conditions that exist in the market and also the habits of the market, such as understanding price movements and being able to read some indications that signal the movement will go where. While those who are beginners are very limited as we know in general. Planning in trading with various self-control limits such as it has become a very mandatory thing that traders have, and also in my opinion all of this they can get when they already have high flying hours in trading, risk management will always be the thing they focus on (professional traders), because only that can help them, I mean minimizing losses there.

Yes, everything will go well if they can control everything well, and their profit target can also be achieved according to the target that has been determined.
Professionals definitely know what they are doing because they gained experience, I would prefer someone who has been doing this for 10 years in an amateur setting, like not really a big trader, to someone who is working at one of the top firms in the world but it's their first day.

It is not professionalism that makes you richer, it's the experience but you gain a lot more experience if you are doing it professionally since that means it's your job and you spend hours on it and you end up learning a lot more about it from people around you. This gives you experience quickly and you do as well as you hope for and it doesn't really feel like it's going to end up being that much of a big deal, you shouldn't really care about it.

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September 10, 2023, 05:25:25 PM
 #92

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


Emotions are a big obstacle in trading, You will not be a successful trader if you are emotionally weak and do not control it which makes it difficult to make a rational decision. This will lead to commenting mistakes like taking profits too early or holding on to stop position for too long. I think the tips you provide are very valuable and good ways to avoid emotions in trading. Using stop loss and take profits order will help you to take emotions out of the decision and know when to come out of the trade. Also, being involved in other activities will help you to relax your mind and make a good decisions.

Lastly, emotions are great weapons that make your trade difficult but I belive that you can manage it by using your mention tips also there are many other tips to follow to become a successful trader.
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September 10, 2023, 05:37:45 PM
 #93

It seems easy to come up with a few tips needed to deal with trading emotions, but in reality it will not work completely. Using TP/SL might help, but unstable emotional control will destroy all strategies and not work as desired. Some activities aimed at avoiding emotions will not be carried out completely. It's just a diversion, but when we return to trading emotions will arise and it won't be good. One of the reasons why they have unstable emotions is because they don't have enough knowledge about trading and how to manage trades well.
Well said. Emotions are actually hard to control especially if you don’t highly understand what you are doing. Trading is all about making yourself profitable by taking some risk and overcoming them. And as long as you trade in order to chase for profits, emotions will always be present. For me, that’s normal. But the challenge to control your emotions is quite unusual simply because emotions are part of a human being, and trying to control it takes more of our skills and strategies to make it possible. While it’s quite easy for others to control their emotions because of their long trading experience, most of those who start to trade fail to control and end up seeing theirselves ultimately losing their funds.

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September 11, 2023, 05:42:11 AM
 #94

The less you remain obsessed with trading more then chances of being in profit with a stable mindset. The major risk of mental problem from trading comes with being stuck on the screen for long with an increasing debt. These are the things that generate bad emotions and need to be minimised is possible.

Avoiding loans, avoiding HYIPs, and altcoins are basic things while having a day job with stable income is a cushion. These things are often overlooked but are of utmost importance to any trader specially the new ones

R


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September 11, 2023, 06:01:10 AM
 #95

Snip

Controlling emotions is very important in trading, I tried trading one month with real money and  one month by demo balance. The result was i was chasing my losses when trading with real money, while chasing the losses I was taking high risk.
And in demo account I was not chasing losses instead I was waiting for next opportunity after a losing trade.
 
When trading with real money, emotions take control of  us.  Which causes wrong decisions making and losing.


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September 11, 2023, 07:51:00 AM
 #96

For me, there’s no perfect strategy to avoid our emotions because that is already within us no matter what. Whatever we opt to do, there’s always an emotion involved. However, when it comes to trading, the only way we can avoid being too emotional is by having sufficient experience in the trading market. Other than that, trading will never be effective and profitable in the future.

What you said is true and correct; we can control our emotions if we want to, but since this is part of our nature as human beings, we must always use our emotions at the right time when we do any trading activity in the field.

It's just that the emotions of the majority of the community here are often used in the wrong way, and in order for us to use our emotions appropriately in crypto trading, our understanding of bitcoin or cryptocurrency trading must also be broad.



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September 11, 2023, 08:23:59 AM
 #97

Trading is similar to gambling and you don't need to allow your emotions to control you if not you will end up in a big loss. The difference between trading and gambling is that a trader ends up being an expert and will start making profit with time which is certain. But gambling will only lead to more loss as time goes on. Don't give up to your emotions when trading because it isn't a good factor to a successful trader. It is better that when you have been taken by your emotions,you quit trading for sometimes and trade again when you are in a good mood. Skill and concentration on the market will not come to play no matter how good you are in trading if you let yourself to be controlled by your emotions.


A lot depends on the person, not everyone can make a profit in trading, the same applies to gambling. I think there is no need to start a debate about where it is more difficult to earn money, since both directions are very difficult. It’s easier for me to make money in trading, but this is possible because I spent much more time on trading, and medium-term and long-term trading brings me the main profit, on day trading I get more losses.

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September 11, 2023, 06:27:53 PM
 #98

Avoiding your emotions is impossible but controlling it is possible.

None of what you've said made sense, because if you're trading, you can't do other things just to make yourself busy because that will lose your focus, I mean, it's not that bad to take a break if it is the right time but if it is trading time, making other things just to avoid emotions is nonsense. Even setting up a TP and SL will gives you emotions no matter what is the result of your trade.

In investment we can make ourselves busy in other things because we want benefit from longer term but in trading we cannot move our mind away from trading as definitely this movement can be a cause of missing out timing when we have to take better move.

There are many traders who buy coins when the price gets higher because higher price win their curiosity and they think that this will go more higher therefore in this case most of the people have still holding the coins that don't have any value now. So this is not consider as emotions always but this is unawareness of market condition.

 So try to learn trading because emotions cannot be stopped as if emotions stops then no one will be either wants to take profit too.
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September 11, 2023, 08:57:29 PM
 #99

Avoiding your emotions is impossible but controlling it is possible.

None of what you've said made sense, because if you're trading, you can't do other things just to make yourself busy because that will lose your focus, I mean, it's not that bad to take a break if it is the right time but if it is trading time, making other things just to avoid emotions is nonsense. Even setting up a TP and SL will gives you emotions no matter what is the result of your trade.

In investment we can make ourselves busy in other things because we want benefit from longer term but in trading we cannot move our mind away from trading as definitely this movement can be a cause of missing out timing when we have to take better move.

There are many traders who buy coins when the price gets higher because higher price win their curiosity and they think that this will go more higher therefore in this case most of the people have still holding the coins that don't have any value now. So this is not consider as emotions always but this is unawareness of market condition.

 So try to learn trading because emotions cannot be stopped as if emotions stops then no one will be either wants to take profit too.
We know that timing is everything here on trading on which it would really be just that important on when you should get in and when you should  get out and this is why we would really be that so mindful when it

comes to movement and this is something that we do really need to know about the market movement and whatever sentiment or things that currently happening which means that involvement wont really be that be stopped if ever you would be deciding on not to have some peek in the market just because you do find yourself that impulsive. Well, its a common behavior or reaction for a person who do deal up with crypto
space knowing that on volatility which this is where we do make money but also on losing too this is why it cant really be that avoided for you not to check it out. Emotion dealing will be common but due time
which on the moment that you do gain up sufficient experience then this is where you would be finding yourself on having that gradual good grasps when it comes to dealing up with this volatile space.

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September 12, 2023, 12:35:44 AM
 #100

Emotion is a difficult thing that holds a trader back and prevents him from rising to the top. A businessman must always avoid such emotions if he wants to be in good standing and successful. Trading on emotion never leads to a good position rather it involves a lot of risk. That is why controlling emotions first and trading later is the only way a trader can build himself up successfully. All the tips you have given to avoid emotions can be followed by an emotional trader in the future. We should know about different strategies before starting trading but it will be possible to get good position and gain reputation as a successful trader.

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September 12, 2023, 04:55:44 AM
 #101

Trading is similar to gambling and you don't need to allow your emotions to control you if not you will end up in a big loss. The difference between trading and gambling is that a trader ends up being an expert and will start making profit with time which is certain. But gambling will only lead to more loss as time goes on. Don't give up to your emotions when trading because it isn't a good factor to a successful trader. It is better that when you have been taken by your emotions,you quit trading for sometimes and trade again when you are in a good mood. Skill and concentration on the market will not come to play no matter how good you are in trading if you let yourself to be controlled by your emotions.
A lot depends on the person, not everyone can make a profit in trading, the same applies to gambling. I think there is no need to start a debate about where it is more difficult to earn money, since both directions are very difficult. It’s easier for me to make money in trading, but this is possible because I spent much more time on trading, and medium-term and long-term trading brings me the main profit, on day trading I get more losses.
The more experience you get at trading the more profit you will start to make, for example even if you think you make less profit or even losses on short day trading type of stuff, if you do that a lot of times then you are going to be doing fine in the end. A lot of people miss that part about it and they should be more careful about it for sure.

I think it is definitely a hard thing to do, but you are not going to be able to make a profit with it if you are not careful about it. This is why I believe that we are going to have some sort of hard time without a doubt. I believe it should be important to gain experience, and to do that one has to learn how to trade and then start trading all the time to get it.

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September 12, 2023, 05:58:20 AM
 #102

I support this. If possible, let him do the easy DCA everyone knows. Even if he won't be checking his laptop to check his chart, fine just use Dual Investment. It works like DCA but in an automatic format. Less high blood pressure, easy living
If it still feels easy enough and doesn't make it burdensome to continue doing DCA, I don't think there is a problem with that because so far DCA has also been very commonly used by many people in terms of investment. The pressure will also not be felt as much because a person only does it with the abilities he has at each stage so that it can give him a little more space from any pressure. I am also still doing DCA on Bitcoin to this day because I think it would be a shame if in conditions like now we don't do DCA.

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September 12, 2023, 08:41:55 AM
 #103

Emotion is a difficult thing that holds a trader back and prevents him from rising to the top. A businessman must always avoid such emotions if he wants to be in good standing and successful. Trading on emotion never leads to a good position rather it involves a lot of risk. That is why controlling emotions first and trading later is the only way a trader can build himself up successfully. All the tips you have given to avoid emotions can be followed by an emotional trader in the future. We should know about different strategies before starting trading but it will be possible to get good position and gain reputation as a successful trader.

An emotional trader has to stop trading first and learn how to handle his emotions before he can begin trading. Any individual that's having emotional problem is at risk of losing all his money while trading because trading needs 100% attention and not for your mind to be divided. Emotions aren't meant to be mixed with businesses and trading is a business therefore it'll affect the trader. A trader that wants to become a professional must learn how to control his emotions.

Not every individual is fit to become a trader because some individual have emotional problems that have gone beyond control. Some set of individual have anger issues which are difficult to control and it leads them into doing regrettable things like closing their trade.

R


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September 12, 2023, 10:59:57 AM
 #104

I support this. If possible, let him do the easy DCA everyone knows. Even if he won't be checking his laptop to check his chart, fine just use Dual Investment. It works like DCA but in an automatic format. Less high blood pressure, easy living
If it still feels easy enough and doesn't make it burdensome to continue doing DCA, I don't think there is a problem with that because so far DCA has also been very commonly used by many people in terms of investment. The pressure will also not be felt as much because a person only does it with the abilities he has at each stage so that it can give him a little more space from any pressure. I am also still doing DCA on Bitcoin to this day because I think it would be a shame if in conditions like now we don't do DCA.
It is very important that we know if this or that strategy will work. Because DCA has been usually used by most, it is going to be a working strategy for sure. However, it is also important that we have to analyze the market trend. In order to make it more effective, we'd still stick to buying low, not buying high. Doing this is not really hard but of course, if you are into hard dealing with your emotions, I don't think it will work. Yes, we have to deal with and control our emotions because this will have a huge impact on our investment plan.

R


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September 12, 2023, 11:19:24 AM
 #105

I studied several guides on the topic, should I waste time on books?)
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September 12, 2023, 01:06:05 PM
 #106

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
I also often practice these points in my daily life. And yeah it's quite effective. But because I am personally quite busy in taking care of my business and supervising several of my employees. So sometimes I even forget the position I placed when I trade. So I trade more often when I finish work and have free time. And when my emotions are difficult to control. So I will go to the kitchen and cook some snacks for the family. And then watch a film that is quite emotionally draining.

I want to learn about scalping. But I always find it difficult to control my emotions in short-term trading. So my type of trading is more medium term. Like I buy on Sunday and sell on Wednesday or Thursday. Or sell when I already have some profits. I just check the market in my free time. So I can't check it every time. And that's where I also set a Stoploss. So that my assets remain safe if the market suddenly changes direction.
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September 12, 2023, 06:44:40 PM
 #107

Trading is similar to gambling and you don't need to allow your emotions to control you if not you will end up in a big loss. The difference between trading and gambling is that a trader ends up being an expert and will start making profit with time which is certain. But gambling will only lead to more loss as time goes on. Don't give up to your emotions when trading because it isn't a good factor to a successful trader. It is better that when you have been taken by your emotions,you quit trading for sometimes and trade again when you are in a good mood. Skill and concentration on the market will not come to play no matter how good you are in trading if you let yourself to be controlled by your emotions.
A lot depends on the person, not everyone can make a profit in trading, the same applies to gambling. I think there is no need to start a debate about where it is more difficult to earn money, since both directions are very difficult. It’s easier for me to make money in trading, but this is possible because I spent much more time on trading, and medium-term and long-term trading brings me the main profit, on day trading I get more losses.
The more experience you get at trading the more profit you will start to make, for example even if you think you make less profit or even losses on short day trading type of stuff, if you do that a lot of times then you are going to be doing fine in the end. A lot of people miss that part about it and they should be more careful about it for sure.

I think it is definitely a hard thing to do, but you are not going to be able to make a profit with it if you are not careful about it. This is why I believe that we are going to have some sort of hard time without a doubt. I believe it should be important to gain experience, and to do that one has to learn how to trade and then start trading all the time to get it.
More experience doesnt mean that you would be able to make profits in trading yet its never been a solid guarantee because even now there are old ones or veterans on this field but still havent been able to have a good grasps with the price movement or on how this market do really behaves on which this do really shows that its never been that giving sureness that you would be making money on the time that you do have that good control towards your emotions but we know that its not something useless though because it is really that totally different compared into those people who are just simply starting and doesnt developed this kind of control.

You would really be having the advantage on controlling up the situation on whatever you might be able to encounter since you do have the experience then you do really know on what to do.
There are really just those people who are really that tending to rush on things just because they do want to make or earn money on most possible way or method. This is why its never been that
useless on what are the things that you do currently been encountering because it do simply contributes on making the possible better you as you do go ahead.

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September 13, 2023, 03:22:17 AM
 #108

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
I also often practice these points in my daily life. And yeah it's quite effective. But because I am personally quite busy in taking care of my business and supervising several of my employees. So sometimes I even forget the position I placed when I trade. So I trade more often when I finish work and have free time. And when my emotions are difficult to control. So I will go to the kitchen and cook some snacks for the family. And then watch a film that is quite emotionally draining.

I want to learn about scalping. But I always find it difficult to control my emotions in short-term trading. So my type of trading is more medium term. Like I buy on Sunday and sell on Wednesday or Thursday. Or sell when I already have some profits. I just check the market in my free time. So I can't check it every time. And that's where I also set a Stoploss. So that my assets remain safe if the market suddenly changes direction.

As a trader, there is no need to be emotional, as we do it in the actual trade of an exchange. Our emotions should always be applied properly. Others here know that. That's why most people are not aware that they are emotional.

It's different because you always practice actual trading so that you can learn more easily compared to just doing theory about trading. That's why, often, we can learn more from those who have trading experiences here in cryptocurrency because they made a mistake and learned from that mistake than from those who know a lot about trading through theory but have no experience in the actual trading of cryptocurrency.


.SWG.io.













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BRINIRHA
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September 13, 2023, 04:36:07 AM
 #109

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
I also often practice these points in my daily life. And yeah it's quite effective. But because I am personally quite busy in taking care of my business and supervising several of my employees. So sometimes I even forget the position I placed when I trade. So I trade more often when I finish work and have free time. And when my emotions are difficult to control. So I will go to the kitchen and cook some snacks for the family. And then watch a film that is quite emotionally draining.

I want to learn about scalping. But I always find it difficult to control my emotions in short-term trading. So my type of trading is more medium term. Like I buy on Sunday and sell on Wednesday or Thursday. Or sell when I already have some profits. I just check the market in my free time. So I can't check it every time. And that's where I also set a Stoploss. So that my assets remain safe if the market suddenly changes direction.

As a trader, there is no need to be emotional, as we do it in the actual trade of an exchange. Our emotions should always be applied properly. Others here know that. That's why most people are not aware that they are emotional.

It's different because you always practice actual trading so that you can learn more easily compared to just doing theory about trading. That's why, often, we can learn more from those who have trading experiences here in cryptocurrency because they made a mistake and learned from that mistake than from those who know a lot about trading through theory but have no experience in the actual trading of cryptocurrency.
Learning from experience is much more effective because we experience it directly. Just mastering theory will not be enough. Because when we practice, sometimes things are a little different from the theory in the book. Likewise in crypto trading. Many things actually have to be learned through direct experience in trading itself. So practicing crypto trading while learning is a better thing. And only use small assets while we are still learning.

Well, when we experience a loss, we have to evaluate it and see what mistakes we have made that caused us to experience a loss. And we have to correct these mistakes so that we don't repeat them in the next trade. And it is said that we will be increasingly able to control our emotions in trading as our experience in trading itself increases. I personally still can't control my emotions in short-term trading. So I avoid short-term trading.
Lanatsa
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September 14, 2023, 07:57:40 PM
 #110

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
I also often practice these points in my daily life. And yeah it's quite effective. But because I am personally quite busy in taking care of my business and supervising several of my employees. So sometimes I even forget the position I placed when I trade. So I trade more often when I finish work and have free time. And when my emotions are difficult to control. So I will go to the kitchen and cook some snacks for the family. And then watch a film that is quite emotionally draining.

I want to learn about scalping. But I always find it difficult to control my emotions in short-term trading. So my type of trading is more medium term. Like I buy on Sunday and sell on Wednesday or Thursday. Or sell when I already have some profits. I just check the market in my free time. So I can't check it every time. And that's where I also set a Stoploss. So that my assets remain safe if the market suddenly changes direction.

As a trader, there is no need to be emotional, as we do it in the actual trade of an exchange. Our emotions should always be applied properly. Others here know that. That's why most people are not aware that they are emotional.

It's different because you always practice actual trading so that you can learn more easily compared to just doing theory about trading. That's why, often, we can learn more from those who have trading experiences here in cryptocurrency because they made a mistake and learned from that mistake than from those who know a lot about trading through theory but have no experience in the actual trading of cryptocurrency.
Learning from experience is much more effective because we experience it directly. Just mastering theory will not be enough. Because when we practice, sometimes things are a little different from the theory in the book. Likewise in crypto trading. Many things actually have to be learned through direct experience in trading itself. So practicing crypto trading while learning is a better thing. And only use small assets while we are still learning.

Well, when we experience a loss, we have to evaluate it and see what mistakes we have made that caused us to experience a loss. And we have to correct these mistakes so that we don't repeat them in the next trade. And it is said that we will be increasingly able to control our emotions in trading as our experience in trading itself increases. I personally still can't control my emotions in short-term trading. So I avoid short-term trading.
True, this is why if you do really plan on having that kind of learning then its better to have more that experience or engagement on a certain thing whether on trading or whatever venture that you are really that planning to engage on because experience would be always the best teacher or the stepping stone that you would really be needing to step up for you to make yourself more better and better which those skills would really be honed as you do go forward. Emotions is really one of the most important thing that be molded and control of because this is one of the main things on why you do alter out your initial analysis because of those sudden things might be encountered ahead.

Although there might be some changes which would really be that relevant or would be giving that good call because market is truly that unpredictable and there's no way that we could really assure
out when in speaking about making profits because of the true randomness of the market. This is why being adaptive and versatile would really be always the key because if you do really want to
impose your analysis but going against the market trend then it would really be known on what would be the outcome or results.

R


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September 14, 2023, 09:59:42 PM
 #111

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

These are just alternatives to divert your emotions so you will not be totally in stuck with trading. However, I believe if you want to control or avoid having too much emotions when trading, set a boundary or a limitation to your emotions. You can’t be too happy or too aggressive when trading, that will lost your focus from your goal. If you can separate and avoid having high emotions when trading, that would create a more positive outcome from your trades.

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September 15, 2023, 02:55:28 AM
 #112

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

These are just alternatives to divert your emotions so you will not be totally in stuck with trading. However, I believe if you want to control or avoid having too much emotions when trading, set a boundary or a limitation to your emotions. You can’t be too happy or too aggressive when trading, that will lost your focus from your goal. If you can separate and avoid having high emotions when trading, that would create a more positive outcome from your trades.
My first response to the OP is similar to your advice. What has been iterated above is mostly the means to manage emotion, not the means to control or put it to rest. Emotion is normal in trading as we are human beings and blood keeps flowing in our veins, yet we can still put it to check if we so desire. No matter what you do as a trader, you can be emotional if you are not disciplined, and since discipline is the direct opposite of emotion in trading, that is what you need to control emotion. But you will now add determination to it, if you are determined to be disciplined as you trade and shun emotion, then you will surely get it all set to your advantage.

But be sure that you have a good trading system and plans to make this work. No matter how much you are disciplined and determined to fight emotion, if your trading system and plans are bad, you are only deceiving yourself. You will be frustrated and emotion will creep in again.

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September 15, 2023, 05:40:35 AM
 #113

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

These are just alternatives to divert your emotions so you will not be totally in stuck with trading. However, I believe if you want to control or avoid having too much emotions when trading, set a boundary or a limitation to your emotions. You can’t be too happy or too aggressive when trading, that will lost your focus from your goal. If you can separate and avoid having high emotions when trading, that would create a more positive outcome from your trades.
You must have complete focus on the task at hand when you do it. It is possible to get 100% results from any work if done with full attention. When we do trading, if we think about all other things besides trading, then we cannot do trading properly. But it will be difficult to make the right decision in our trading when all the other thoughts come to our mind. It is better not to trade when we are too angry or too happy. When people are overly happy, people don't think too much in making decisions, while when people are angry, their brains don't work well, making them more likely to make wrong decisions. We have to keep a cool head and do trading as there is a possibility of losing our own money while trading.

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kamvreto
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September 15, 2023, 09:07:42 AM
 #114

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

These are just alternatives to divert your emotions so you will not be totally in stuck with trading. However, I believe if you want to control or avoid having too much emotions when trading, set a boundary or a limitation to your emotions. You can’t be too happy or too aggressive when trading, that will lost your focus from your goal. If you can separate and avoid having high emotions when trading, that would create a more positive outcome from your trades.

This includes controlling emotions, by controlling emotions all strategies will work well and as desired. Everyone has different levels of emotions of course and when trading these emotions will influence how the trade ends up. Those who panic too much and prioritize emotions will not be patient and make several mistakes such as selling at a loss and not seeing how much they are losing at that time. It takes a lot of practice to be able to control emotions so they don't interfere with trading and this is not easy to do.

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AnonBitCoiner
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September 15, 2023, 11:34:14 AM
 #115

You must have complete focus on the task at hand when you do it. It is possible to get 100% results from any work if done with full attention. When we do trading, if we think about all other things besides trading, then we cannot do trading properly. But it will be difficult to make the right decision in our trading when all the other thoughts come to our mind. It is better not to trade when we are too angry or too happy. When people are overly happy, people don't think too much in making decisions, while when people are angry, their brains don't work well, making them more likely to make wrong decisions. We have to keep a cool head and do trading as there is a possibility of losing our own money while trading.
You have pointed out very necessary point which is key to success in trading. It's not easy to make decisions when we are not in normal situation wheather it is happiness or anger. In our Religion this is mandatory that one judge should not rule out in the anger. This happens with me and i have my own experience too. I was holding 1000$ and used 500$ for trading.I  decided to spend the $500 now and save the $500 and will only when market down much but when I lost 100$ , it's got me angry, my brain stops making right decision and I invested all amd lost 300$ in one hours. Gambling is same , at start one user bid small but when he lost some $ he lost his temper and bid high to recover, as a result lost all.

Free time is also required for good trading, if you are in hurry then you will not trade properly according to your strategy and you will take risk to complete trade earlier and will not care about point of buy and sell. I think taking loan is also very bad for trading because it will always in your mind how to double the money so that you able to back loan and also $ for trading. your own 50$ is better than loan of 1000$.



 

 

 

 

 

 


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SmartGold01
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September 15, 2023, 12:08:26 PM
 #116

You made some good point although I am not that into trading at the moment but sometimes we need to be dedicated on some specific areas before coming to teach people or airing it out to the public, sometimes people might not give you a listening ear due to your level and experience though you might be routed into that area but some people believed that anyone posting here might live and life of an example to show people proof that such thing they are saying is working for you and not just coming to say do that or do this why you are practicing it.

But from my little interest in that area I can see that not all people could embark in such types of trade why because we have daily traders, weekly traders, and monthly traders. Those who trades daily can't set stop lose or take profit while they are active on their windows trading. I think this could likely be effective to those who trades weekly or Monthly meaning they can sets up their take profits and stops loss to prevent them stop making lost before coming back to check their trade.

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Jody.Drummer
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September 15, 2023, 12:18:24 PM
 #117

These are just alternatives to divert your emotions so you will not be totally in stuck with trading. However, I believe if you want to control or avoid having too much emotions when trading, set a boundary or a limitation to your emotions. You can’t be too happy or too aggressive when trading, that will lost your focus from your goal. If you can separate and avoid having high emotions when trading, that would create a more positive outcome from your trades.

This includes controlling emotions, by controlling emotions all strategies will work well and as desired. Everyone has different levels of emotions of course and when trading these emotions will influence how the trade ends up. Those who panic too much and prioritize emotions will not be patient and make several mistakes such as selling at a loss and not seeing how much they are losing at that time. It takes a lot of practice to be able to control emotions so they don't interfere with trading and this is not easy to do.

Yes that's true and indeed only calmness will be able to bring maximum results, but that does not mean it always leads you to profit because still the market is difficult to predict and with that at any time you can experience losses, but I mean at least with calmness you will not experience too big a loss. Yes that's clear, indeed everyone has their own personal traits, especially in terms of emotions, some of them are easily provoked by emotions and there are also some who are easy to return to normal. And obviously it will greatly interfere with them when trading, especially for those who have difficulty calming their emotions, will often lose control and may be one of the common causes they will experience more losses than they should. And also as you say emotions can make people far from calm, they will have difficulty making decisions between buy or cell in certain market conditions, and if they force to keep entering then surely usually will end up with losses because of wrong decisions.

But well, this kind of incident has happened a lot and it is true that we must be more active in learning again, especially in controlling mentally and psychologically in order to always be calm when looking for daily or monthly targets from trading.

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Aanuoluwatofunmi
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September 15, 2023, 04:24:22 PM
 #118

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

These are just alternatives to divert your emotions so you will not be totally in stuck with trading. However, I believe if you want to control or avoid having too much emotions when trading, set a boundary or a limitation to your emotions. You can’t be too happy or too aggressive when trading, that will lost your focus from your goal. If you can separate and avoid having high emotions when trading, that would create a more positive outcome from your trades.

When discussing about emotions in trading experience, we have to know that this does not include the pattern it types of trades we engaged, it's something that we should know and do in our own capacity to ensure that we curb the rate or extent to how we trade and loose on our positions more often than not, we know that it's not the trading we do that is not giving us the desired results but our own personal emotional challenge which should be treated before things go out of hands for us while trading.

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armanda90
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September 15, 2023, 06:05:34 PM
 #119

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades

Note:Some of these might not be applicable if you are into scalping.

I like with the first points and seems most important have adopt by all trader where target for taking profit and should use stop loss feature how to face bigger risk later if outside from predicting price drop drastically. I don't think with scalping or long term holding have adopt with this points but its very important way for trader how to manage well profitable and less risk have target or set up take profit around few percent of raising up price. For stop loss can manage with until how many percent when some coins price dropping, usually for set up stop loss feature I used until get loss more than 20% and try to re opening new position if stop loss feature have been filled.
Don't be afraid when losing few percent of our capital after adapting stop loss feature because get great opportunity later with investing in lower price and recovery with how much loss before.

R


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September 15, 2023, 07:41:01 PM
 #120

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

These are just alternatives to divert your emotions so you will not be totally in stuck with trading. However, I believe if you want to control or avoid having too much emotions when trading, set a boundary or a limitation to your emotions. You can’t be too happy or too aggressive when trading, that will lost your focus from your goal. If you can separate and avoid having high emotions when trading, that would create a more positive outcome from your trades.

When discussing about emotions in trading experience, we have to know that this does not include the pattern it types of trades we engaged, it's something that we should know and do in our own capacity to ensure that we curb the rate or extent to how we trade and loose on our positions more often than not, we know that it's not the trading we do that is not giving us the desired results but our own personal emotional challenge which should be treated before things go out of hands for us while trading.
Self realizations and further adjustments would or should really be made because emotions are things that would really be that evident on the time that you do deal up with an investment which it is really that something unpredictable or totally random on which these reactions would really be that so common i should say. Sooner or later which you would really be able to make adjustments basing up on the experience that you have met up along the way on which it would really be that common sense or naturally that you would be making adjustments according into it or on what you do see
to be that relevant.
On the time that you had get used o within this market then you would really be able to handle yourself better compared when you are still just starting on and we know that not all
would easily be able to succeed on this space and this would matter whether you do have that good self control or not. Results might not assured but having that more experience
and having that stable emotional control will really be giving out that change or something that will be giving out that advantage compared among others.

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September 16, 2023, 01:36:20 PM
 #121

The essence why we trade is to make profit through taking and in trading the outcome we get is either lost or gain, but some people have taking trading to make profits as a do or die affairs,  if they don't get exactly the profits they want, they would want to continue to get what they have targeted as profits. A mindset like this can lead to emotional feelings which can never be helpful to trading , people should learn to accept their lose and learn more to know what could be the cause for their failure in trading to get profits,  than just trading continuously in lose without getting a good knowledge for better outcomes.

R


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September 16, 2023, 01:56:19 PM
 #122

indeed only calmness will be able to bring maximum results, but that does not mean it always leads you to profit because still the market is difficult to predict and with that at any time you can experience losses, but I mean at least with calmness you will not experience too big a loss. Yes that's clear, indeed everyone has their own personal traits, especially in terms of emotions, some of them are easily provoked by emotions and there are also some who are easy to return to normal. And obviously it will greatly interfere with them when trading, especially for those who have difficulty calming their emotions, will often lose control and may be one of the common causes they will experience more losses than they should. And also as you say emotions can make people far from calm, they will have difficulty making decisions between buy or cell in certain market conditions, and if they force to keep entering then surely usually will end up with losses because of wrong decisions.

But well, this kind of incident has happened a lot and it is true that we must be more active in learning again, especially in controlling mentally and psychologically in order to always be calm when looking for daily or monthly targets from trading.
As long as we learn from it, I think it is not going to be something that matters, we should be able to do it a lot better and shouldn't really worry about it if you ask me. I get the notion that people fear about the drops or get too excited about increases and all that but as long as we care about it very well and not really do anything major, we should be able to do something that would be a lot better.

I hope that we get to do something that will matter on the long run, and should be something a lot more decent. This is of course what I hope I could achieve, and should not be really that much of a problem on the long run. I get that it is not simple and could be a bit of a trouble for those who are having hard time controlling their emotions, but they can learn from their mistakes.

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September 16, 2023, 08:45:35 PM
 #123

Yes that's true and indeed only calmness will be able to bring maximum results, but that does not mean it always leads you to profit because still the market is difficult to predict and with that at any time you can experience losses, but I mean at least with calmness you will not experience too big a loss. Yes that's clear, indeed everyone has their own personal traits, especially in terms of emotions, some of them are easily provoked by emotions and there are also some who are easy to return to normal. And obviously it will greatly interfere with them when trading, especially for those who have difficulty calming their emotions, will often lose control and may be one of the common causes they will experience more losses than they should. And also as you say emotions can make people far from calm, they will have difficulty making decisions between buy or cell in certain market conditions, and if they force to keep entering then surely usually will end up with losses because of wrong decisions.

But well, this kind of incident has happened a lot and it is true that we must be more active in learning again, especially in controlling mentally and psychologically in order to always be calm when looking for daily or monthly targets from trading.

Peace can be obtained when everything goes smoothly according to plan, but when plans don't go well then we have to have a backup plan. Emotions will indeed affect everything and the trigger is because predictions are not appropriate, because predictions will not be 100% correct, there will definitely be some mistakes that occur. Learning to control yourself will give you the strength to control your emotions

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Fatunad
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September 20, 2023, 03:42:32 AM
 #124

indeed only calmness will be able to bring maximum results, but that does not mean it always leads you to profit because still the market is difficult to predict and with that at any time you can experience losses, but I mean at least with calmness you will not experience too big a loss. Yes that's clear, indeed everyone has their own personal traits, especially in terms of emotions, some of them are easily provoked by emotions and there are also some who are easy to return to normal. And obviously it will greatly interfere with them when trading, especially for those who have difficulty calming their emotions, will often lose control and may be one of the common causes they will experience more losses than they should. And also as you say emotions can make people far from calm, they will have difficulty making decisions between buy or cell in certain market conditions, and if they force to keep entering then surely usually will end up with losses because of wrong decisions.

But well, this kind of incident has happened a lot and it is true that we must be more active in learning again, especially in controlling mentally and psychologically in order to always be calm when looking for daily or monthly targets from trading.
As long as we learn from it, I think it is not going to be something that matters, we should be able to do it a lot better and shouldn't really worry about it if you ask me. I get the notion that people fear about the drops or get too excited about increases and all that but as long as we care about it very well and not really do anything major, we should be able to do something that would be a lot better.

I hope that we get to do something that will matter on the long run, and should be something a lot more decent. This is of course what I hope I could achieve, and should not be really that much of a problem on the long run. I get that it is not simple and could be a bit of a trouble for those who are having hard time controlling their emotions, but they can learn from their mistakes.
Learning do comes from experience and this is the only way we could really make ourselves really be able to progress on which trying out to learn came from your experience. This is something that you should really be

needing if we do speak about emotion dealing or something that do talks about progress. Emotions is the main things that we would really be able to encounter specially on dealing with moving prices or a market which is really that unpredictable and this is why it would really be that better that you do need to learnt up things according on what you are currently dealing with neither with trading or investment. If you do could do both then the better but its not something that very simple that you could really be able to handle but in due time and better not to rush yourself because this is where wrong things could happen.
Emotions are just normal since we are just humans, it is really just that there are people who cant really be able to control it because they are just newbies or doesnt have experience
but on the time that you do have already then you do already know on how to handle it out.

R


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September 20, 2023, 11:04:18 AM
 #125

The essence why we trade is to make profit through taking and in trading the outcome we get is either lost or gain, but some people have taking trading to make profits as a do or die affairs,  if they don't get exactly the profits they want, they would want to continue to get what they have targeted as profits. A mindset like this can lead to emotional feelings which can never be helpful to trading , people should learn to accept their lose and learn more to know what could be the cause for their failure in trading to get profits,  than just trading continuously in lose without getting a good knowledge for better outcomes.
Indeed, many traders cannot control their emotions when they are too focused on profits and do not want to accept the losses they have experienced. They think they have to trade again immediately to return the money they have lost due to losses. In fact, it would be better if after experiencing a loss we had to take a break to calm our minds and then start to re-formulate our trading strategy when our minds are calm. We really have to learn to accept defeat and also have to learn from defeat. Usually emotions cannot be controlled in trading due to a trader's lack of insight and experience.
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September 20, 2023, 12:25:09 PM
 #126

The essence why we trade is to make profit through taking and in trading the outcome we get is either lost or gain, but some people have taking trading to make profits as a do or die affairs,  if they don't get exactly the profits they want, they would want to continue to get what they have targeted as profits. A mindset like this can lead to emotional feelings which can never be helpful to trading , people should learn to accept their lose and learn more to know what could be the cause for their failure in trading to get profits,  than just trading continuously in lose without getting a good knowledge for better outcomes.
We all trade for profits, that some traders resort into trading with high emotions and when they fail in their trades, they easily become frustrated and eventually lost their concentration in trading. And it’s like a do or die thing like you said. However, I also believe that this can’t be avoided most especially for beginner traders as they tend to be highly emotional at first, but when they start learning some lessons in trading, that’s when they get wiser and become cautious when trading.

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September 21, 2023, 01:16:07 AM
 #127

Indeed, many traders cannot control their emotions when they are too focused on profits and do not want to accept the losses they have experienced. They think they have to trade again immediately to return the money they have lost due to losses. In fact, it would be better if after experiencing a loss we had to take a break to calm our minds and then start to re-formulate our trading strategy when our minds are calm. We really have to learn to accept defeat and also have to learn from defeat. Usually emotions cannot be controlled in trading due to a trader's lack of insight and experience.

Its very easy to say then to do but you're correct, when we lose a trade we shouldn't start a new trade, we should give it sometimes to rethink and put our thinking together properly because some reason why we lose when we're trading is because we're not in our right senses as we might be dealing with some emotional problem that might affect our right decision making. Many individual has emotional problem but they don't admit it which make it difficult to solve.

Putting your trade on an automatic mode can also help you control your  decision, if you know you're having a problem changing a decision you made when you enter the trade, you can set stop loss or take profit so when the market gets to those prices, it does it automatically.

R


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September 21, 2023, 05:44:50 AM
 #128

The essence why we trade is to make profit through taking and in trading the outcome we get is either lost or gain, but some people have taking trading to make profits as a do or die affairs,  if they don't get exactly the profits they want, they would want to continue to get what they have targeted as profits. A mindset like this can lead to emotional feelings which can never be helpful to trading , people should learn to accept their lose and learn more to know what could be the cause for their failure in trading to get profits,  than just trading continuously in lose without getting a good knowledge for better outcomes.
We all trade for profits, that some traders resort into trading with high emotions and when they fail in their trades, they easily become frustrated and eventually lost their concentration in trading. And it’s like a do or die thing like you said. However, I also believe that this can’t be avoided most especially for beginner traders as they tend to be highly emotional at first, but when they start learning some lessons in trading, that’s when they get wiser and become cautious when trading.
with high emotionality in trading, it can damage their common sense, so they cannot carry out strategies according to plan, I think emotion is the highest science in trading, because only we ourselves can fight it, so it is difficult to do or learn without doing it. practice in real. after that we will have our own feelings about trading, so we will feel every time the next movement will occur, and this can be obtained along with our experience of trading

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September 21, 2023, 06:38:10 AM
 #129

The essence why we trade is to make profit through taking and in trading the outcome we get is either lost or gain, but some people have taking trading to make profits as a do or die affairs,  if they don't get exactly the profits they want, they would want to continue to get what they have targeted as profits. A mindset like this can lead to emotional feelings which can never be helpful to trading , people should learn to accept their lose and learn more to know what could be the cause for their failure in trading to get profits,  than just trading continuously in lose without getting a good knowledge for better outcomes.
We all trade for profits, that some traders resort into trading with high emotions and when they fail in their trades, they easily become frustrated and eventually lost their concentration in trading. And it’s like a do or die thing like you said. However, I also believe that this can’t be avoided most especially for beginner traders as they tend to be highly emotional at first, but when they start learning some lessons in trading, that’s when they get wiser and become cautious when trading.
with high emotionality in trading, it can damage their common sense, so they cannot carry out strategies according to plan, I think emotion is the highest science in trading, because only we ourselves can fight it, so it is difficult to do or learn without doing it. practice in real. after that we will have our own feelings about trading, so we will feel every time the next movement will occur, and this can be obtained along with our experience of trading
It's true as you said, only from experience can we learn about controlling emotions in trading.
Before I started trading, I used to learn a lot of the science of controlling my emotions in theory but in reality it didn't work and as time went by I learned and understood valuable lessons in self-control for anything that would damage my thought patterns which would lead to emotions that were detrimental to myself Alone.
It's not only emotions that can be detrimental in trading, but also greed in taking profits that we do outside of the strategy, it will also disturb emotions which can end up being detrimental.

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September 21, 2023, 07:37:53 AM
Last edit: September 24, 2023, 12:03:36 PM by wallet4bitcoin
 #130

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


This is a crystal-clear comprehensive point towards the approach required of traders.

With these in place, one's mentality towards trading will be stable to a degree.


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BRINIRHA
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September 21, 2023, 02:42:24 PM
 #131

Indeed, many traders cannot control their emotions when they are too focused on profits and do not want to accept the losses they have experienced. They think they have to trade again immediately to return the money they have lost due to losses. In fact, it would be better if after experiencing a loss we had to take a break to calm our minds and then start to re-formulate our trading strategy when our minds are calm. We really have to learn to accept defeat and also have to learn from defeat. Usually emotions cannot be controlled in trading due to a trader's lack of insight and experience.

Its very easy to say then to do but you're correct, when we lose a trade we shouldn't start a new trade, we should give it sometimes to rethink and put our thinking together properly because some reason why we lose when we're trading is because we're not in our right senses as we might be dealing with some emotional problem that might affect our right decision making. Many individual has emotional problem but they don't admit it which make it difficult to solve.

Putting your trade on an automatic mode can also help you control your  decision, if you know you're having a problem changing a decision you made when you enter the trade, you can set stop loss or take profit so when the market gets to those prices, it does it automatically.
It is true that controlling emotions in trading sounds easy to do. But yeah, this is even more difficult than learning the analyzes in trading. Because emotional management in trading cannot only be studied through theory. But this involves a person's psychology. So it takes more than just theory. But it also takes experience to control emotions.

But yes, one thing that a trader must have if he wants to improve his emotional management is that he must realize his own mistakes. And he must realize that he does have difficulty controlling his own emotions. And if someone is not even aware of this. Then he will not be able to learn from experience forever.
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September 21, 2023, 03:37:42 PM
 #132

I think emotion is the highest science in trading, because only we ourselves can fight it, so it is difficult to do or learn without doing it. practice in real.
It is our enemy, our emotion. It's pretty much easy to do things when you're not too emotional because it stops us from discovering things and that's making us think that we need to be limited in our activities especially in trading.

after that we will have our own feelings about trading, so we will feel every time the next movement will occur, and this can be obtained along with our experience of trading
If it's about trading, it's not just about our feelings. But we need to research the market and as well as look at the news that are coming and what affects the market. Having this feeling isn't just enough for you to tell on what's gonna happen next.

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September 21, 2023, 07:36:00 PM
 #133

Indeed, many traders cannot control their emotions when they are too focused on profits and do not want to accept the losses they have experienced. They think they have to trade again immediately to return the money they have lost due to losses. In fact, it would be better if after experiencing a loss we had to take a break to calm our minds and then start to re-formulate our trading strategy when our minds are calm. We really have to learn to accept defeat and also have to learn from defeat. Usually emotions cannot be controlled in trading due to a trader's lack of insight and experience.

Its very easy to say then to do but you're correct, when we lose a trade we shouldn't start a new trade, we should give it sometimes to rethink and put our thinking together properly because some reason why we lose when we're trading is because we're not in our right senses as we might be dealing with some emotional problem that might affect our right decision making. Many individual has emotional problem but they don't admit it which make it difficult to solve.

Putting your trade on an automatic mode can also help you control your  decision, if you know you're having a problem changing a decision you made when you enter the trade, you can set stop loss or take profit so when the market gets to those prices, it does it automatically.
It is true that controlling emotions in trading sounds easy to do. But yeah, this is even more difficult than learning the analyzes in trading. Because emotional management in trading cannot only be studied through theory. But this involves a person's psychology. So it takes more than just theory. But it also takes experience to control emotions.

But yes, one thing that a trader must have if he wants to improve his emotional management is that he must realize his own mistakes. And he must realize that he does have difficulty controlling his own emotions. And if someone is not even aware of this. Then he will not be able to learn from experience forever.
You would really be able to read up peoples responses and advises in regarding about control and discipline but the fact that it might really sounds too easy but on the time that you are on the field then things turns out

to be that different and you would really be able to realize that it was never been easy to be on the shoes into those people who do make out some mistake and errors with their trades just because they cant really be just that able to control themselves or able to assess on what are the things that must done on a particular situation and we know that its never been that so simple to take up on what decisions you would really be making.
Just like been said above that we are just humans and we dont really like on losing money on which it would really be just that normal that there would really be reactions in regarding into that situation on the time that we do lose money then sometimes we could really become that impulsive and this is where emotions and psychological aspects would really be greatly affected on which it would really be totally
messing up your earlier analysis which is something that must really be avoided in the first place.

Emotions could create that impulsive approach which would really be derailing you into your earlier analysis which this is most likely to happen for most people and this is why
mistakes do really that happen and regret do always at the end.

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September 25, 2023, 08:36:33 AM
 #134

I think emotion is the highest science in trading, because only we ourselves can fight it, so it is difficult to do or learn without doing it. practice in real.
It is our enemy, our emotion. It's pretty much easy to do things when you're not too emotional because it stops us from discovering things and that's making us think that we need to be limited in our activities especially in trading.
A lot of people go with their guts in trading and that makes them lose money because your guts are not always going to be right in trading, you will need to understand the market sentiments, search for news and updates, follow up with the charts and how the market has been moving recently and don't just buy a coin or a token just because you have a gut feeling that it will go up or don't sell your assets just because you think the market will dump shortly.

When we are trading, we should keep our emotions aside and trade based on facts, figures, and stats available in the market, because that is the only way we can actually evaluate the market and at least have an idea about which direction the market might move next even if we are not sure about it.

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September 25, 2023, 10:15:11 AM
 #135

I think emotion is the highest science in trading, because only we ourselves can fight it, so it is difficult to do or learn without doing it. practice in real.
It is our enemy, our emotion. It's pretty much easy to do things when you're not too emotional because it stops us from discovering things and that's making us think that we need to be limited in our activities especially in trading.
A lot of people go with their guts in trading and that makes them lose money because your guts are not always going to be right in trading, you will need to understand the market sentiments, search for news and updates, follow up with the charts and how the market has been moving recently and don't just buy a coin or a token just because you have a gut feeling that it will go up or don't sell your assets just because you think the market will dump shortly.

When we are trading, we should keep our emotions aside and trade based on facts, figures, and stats available in the market, because that is the only way we can actually evaluate the market and at least have an idea about which direction the market might move next even if we are not sure about it.
That's the point there because most of them underestimate trading and think that these influencers are telling the truth. The sad thing that happens is that they are fooling themselves and lose their money in a very short period of time. Until then, facts can't be changed, trading is risky and only those who have deep knowledge and skills become profitable.

Just to realize that trading is not just about having guts or instinct but instead, it requires a high level of market understanding and trading skills. And most of all, we don't have to underestimate the market.

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September 25, 2023, 01:01:42 PM
 #136

The essence why we trade is to make profit through taking and in trading the outcome we get is either lost or gain, but some people have taking trading to make profits as a do or die affairs,  if they don't get exactly the profits they want, they would want to continue to get what they have targeted as profits. A mindset like this can lead to emotional feelings which can never be helpful to trading , people should learn to accept their lose and learn more to know what could be the cause for their failure in trading to get profits,  than just trading continuously in lose without getting a good knowledge for better outcomes.
We all trade for profits, that some traders resort into trading with high emotions and when they fail in their trades, they easily become frustrated and eventually lost their concentration in trading. And it’s like a do or die thing like you said. However, I also believe that this can’t be avoided most especially for beginner traders as they tend to be highly emotional at first, but when they start learning some lessons in trading, that’s when they get wiser and become cautious when trading.
That is a humane thing to feel and there is nothing wrong with that. I understand that we should not do it and that is not a good thing but at the end of the day we are talking about something that is human at its core. Which is why I believe that we are going to end up with a result that would be harder to ignore and we shouldn't really try to avoid feeling any emotions at all, because we will fail to do that.

What can we do then? We need to learn to trade properly WITH our emotions, we should learn to not use them during our trades, that would be a lot better and could return with something that would be better on the long run. Hopefully it will get to a point where we are going to end up mastering control over it.

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September 25, 2023, 01:23:24 PM
 #137

And in trading there is involved big capital which trigers fear, greed, fomo, type of feelings. Which mostly cause us to lose.

If we try to trade with small capital we can try to trade without any emotions, like a computer but the profit will be very less.
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September 25, 2023, 03:24:47 PM
 #138

Don't take that trade when it hasn't come to your zone of interest which you mapped out during a particular chart analysis and never chase the market, ensure that the terms and conditions of taking a position in the market are met before hitting the Buy or sell button, and if the market didn't come to your zones of interest leave it, rather let that becomes a missed trade for you because is better to miss a trade than lose it.

From my angle of experience entering a position that hasn't come to your area of interest will trigger emotion to start thinking that the price may get a pullback into that zone, which happens often with price movement in the market and sometimes puts your trade-in a huge lose you may not be able to hold and contributes to bringing emotions to your trades.

R


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September 25, 2023, 06:35:19 PM
 #139

It is true that controlling emotions in trading sounds easy to do. But yeah, this is even more difficult than learning the analyzes in trading. Because emotional management in trading cannot only be studied through theory. But this involves a person's psychology. So it takes more than just theory. But it also takes experience to control emotions.

But yes, one thing that a trader must have if he wants to improve his emotional management is that he must realize his own mistakes. And he must realize that he does have difficulty controlling his own emotions. And if someone is not even aware of this. Then he will not be able to learn from experience forever.

In trading you cannot be successful until you stop to decide emotionally and if continuously your work will based on emotions then you will always assume that trading is difficult but will never recognize your mistakes.

Actually sometimes a person make good expectations but due to Volatility these expectations does not achieved so it is important for such person that before starting trading you should fully understand volatility keep in mind that you will take decision according to the condition and will never leave your emotions uncontrolled.

Take the situations into account and then decide whether to trade or not because some people trade all the time as a result of which they loss the gaining percentage too.
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September 26, 2023, 06:49:10 AM
 #140

It is true that controlling emotions in trading sounds easy to do. But yeah, this is even more difficult than learning the analyzes in trading. Because emotional management in trading cannot only be studied through theory. But this involves a person's psychology. So it takes more than just theory. But it also takes experience to control emotions.

But yes, one thing that a trader must have if he wants to improve his emotional management is that he must realize his own mistakes. And he must realize that he does have difficulty controlling his own emotions. And if someone is not even aware of this. Then he will not be able to learn from experience forever.

In trading you cannot be successful until you stop to decide emotionally and if continuously your work will based on emotions then you will always assume that trading is difficult but will never recognize your mistakes.

Actually sometimes a person make good expectations but due to Volatility these expectations does not achieved so it is important for such person that before starting trading you should fully understand volatility keep in mind that you will take decision according to the condition and will never leave your emotions uncontrolled.

Take the situations into account and then decide whether to trade or not because some people trade all the time as a result of which they loss the gaining percentage too.
Well, that's right. Sometimes when we enter the market too often and we trade too often without giving our mentality enough rest it will also make it more difficult for us to control our emotions. We must always have a break in trading to calm our minds and restore our thoughts so that they are fresh again.

Mental fatigue is sometimes more dangerous than physical fatigue. Because wrong decisions can arise when we make decisions when our mentality is tired and needs rest. And emotions are closely related to our mentality. Everything requires high discipline, such as emotional management, financial management and time management. Everything must also be applied in making our trading plans.

Without careful planning, a person can fall into impulsive actions. Which made him forget the risks he was taking. And this is very important to pay attention to because as traders we have to know the risks we are taking and we also have to be prepared for the risks we are taking. So it is true that we also need to study the volatility in the market before deciding to enter or not.
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September 26, 2023, 07:20:05 AM
 #141

Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.
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September 26, 2023, 08:19:12 AM
 #142

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

Having control over your emotions is very important as a trader—in fact, in any business you do. Your emotions must be under your control; if you are not successful in such a business, it will be luck. However, having control over your emotions will be the best thing to do, whatever the knowledge you have about trading. If you are someone who cannot control their emotions, then you are definitely in trouble, and you will be losing funds even when you are supposed to gain them. And all the strategies you brought up may be useful, but one cannot use them until they have control over their emotions.


Apart from the concept of take profit and stop loss. I am not forbidding people from trading, but it is better to avoid it if there is no knowledge about trading.

It is clearly a problem for someone to start up a business without having knowledge of such a business—not only trading but anyone, even the investment we always talk about. Someone must at least have knowledge of when to buy and sell and where to store the BTC before deciding to invest. Talk-less trading requires much more knowledge of many things that someone really needs to know before starting trading.
 
However, it is unfortunate to see someone start their trading journey without the knowledge they need to create a way for themselves, which will lead them to be financially downcast because they will be losing money without any gain. The fact that even those who have the knowledge are losing you that join without such knowledge, what can we say?

R


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October 02, 2023, 03:04:31 AM
 #143

Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.
Whenever you can invite your emotions you can move forward, you will learn slowly, but you will be able to understand the pattern chart easily. If you can understand and master the pattern charts, your trading experience will increase, and you will be able to profit, and you will never lose. Also, if you want to trade then definitely avoid altcoin, it can be a risk for your money. If you are currently losing XRP, don't rush to sell just yet, hold it and wait, and of course invest later when you want to invest. I would suggest you to invest in Bitcoin as you believe the predictions because the future of Bitcoin is the most promising, so invest in Bitcoin. When you invest in those bitcoins, your emotions will gradually decrease, and you will get an assurance of your investment and future profits will be possible.

R


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October 02, 2023, 05:45:28 AM
 #144

Quote from: kojektea
Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.

If you can control your emotions on a particular coins you have invested huge amount of money, and wait for the price to increase higher to your satisfaction before you can trade in the market, I think it will really help you to achieve what you want from your crypto trading. Now that the price of Many coins in the market have started displaying green light, which is a sign that bullish season is very close to traders but some new traders will begin to sell their coins because of emotion that they don't want to experience loss from their holding.  I think, you will earn well for the long holding you apply on the XRP you bought because the price of XRP will definitely increase higher for long term traders to earn something good from their trading.

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October 02, 2023, 09:53:39 AM
 #145

Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.
It is always good that you can control your emotions in trading and that is because not everyone can do that. When you can't control yourself and you even bought at the peak, that's the harder part.
But if you have established yourself and you're able to control it then, that's like already an advantage for you and it's just gonna be a matter of time for you break even or get a profit margin.


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October 02, 2023, 10:35:40 AM
 #146

Not setting up stop loss can cost you a lot. I've been there and I regret it because we thought that having no SL was better because you can still come back at anytime. There are times when the price just hits SL and then comes back which we thought we shouldn't put SL in but we didn't think on the other side that what if it didn't come back?
 
Having SL is kind of your budget on that trade so if that was hit then that would be a sign to stop as your prediction is wrong. It is important to have it so that we won't lose more money.
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October 02, 2023, 11:40:35 AM
 #147

Quote from: kojektea
Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.

If you can control your emotions on a particular coins you have invested huge amount of money, and wait for the price to increase higher to your satisfaction before you can trade in the market, I think it will really help you to achieve what you want from your crypto trading. Now that the price of Many coins in the market have started displaying green light, which is a sign that bullish season is very close to traders but some new traders will begin to sell their coins because of emotion that they don't want to experience loss from their holding.  I think, you will earn well for the long holding you apply on the XRP you bought because the price of XRP will definitely increase higher for long term traders to earn something good from their trading.
Traders usually focus more on the short term to make profits from assets that have fairly fast price movements in the market.
Long-term trading may be the same as traders who fail to make a profit because planning does not match market movements. it makes them end up holding assets longer and waiting for market momentum to prepare to sell them at a better price.

if you are thinking long term, why not just think about Bitcoin. That doesn't mean other assets aren't good. they can provide good returns, but I think Bitcoin will be more certain in the long term. that is if you have emotional control and patience.

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October 02, 2023, 11:58:17 AM
 #148

Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.

I think you're missing a lot of  beginner mistakes, like buying high, selling low, FOMO, etc.
Chart patterns are the basic elements that we learn about first. It is  difficult to control emotions when trading if you make rookie mistakes like buying XRP at a high price,
so how can you control emotions in trading when you don't have much trading experience?
EarnOnVictor
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October 02, 2023, 12:34:11 PM
 #149

Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.
Whenever you can invite your emotions you can move forward, you will learn slowly, but you will be able to understand the pattern chart easily. If you can understand and master the pattern charts, your trading experience will increase, and you will be able to profit, and you will never lose. Also, if you want to trade then definitely avoid altcoin, it can be a risk for your money. If you are currently losing XRP, don't rush to sell just yet, hold it and wait, and of course invest later when you want to invest. I would suggest you to invest in Bitcoin as you believe the predictions because the future of Bitcoin is the most promising, so invest in Bitcoin. When you invest in those bitcoins, your emotions will gradually decrease, and you will get an assurance of your investment and future profits will be possible.
What you advised relates to investment advice rather than psychological advice, one needs to balance the two and even add a very good management for success to be made. This is not about how to trade and what to invest, it's about people having a stable mindset when they either trade or invest, and this is not so easy if I must tell you the truth. An investment plan is good but many people will have a solid plan but the emotion will cause action when they shouldn't act and inaction when they should act, that's the main issue here.

The first advice I can give to traders and investors is to make sure that they first invest the amount they can afford to lose and also make sure they bit the affordance to the bearest minimum to avoid losing their money easily, and probably minds as well. If this is done, the major part is set, and when the trader has a very good trading system already, what would be required will only be their discipline. Once you are disciplined, emotion will be kept to its lowest pace.

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October 02, 2023, 01:23:24 PM
 #150

If you can control your emotions on a particular coins you have invested huge amount of money, and wait for the price to increase higher to your satisfaction before you can trade in the market, I think it will really help you to achieve what you want from your crypto trading. Now that the price of Many coins in the market have started displaying green light, which is a sign that bullish season is very close to traders but some new traders will begin to sell their coins because of emotion that they don't want to experience loss from their holding.  I think, you will earn well for the long holding you apply on the XRP you bought because the price of XRP will definitely increase higher for long term traders to earn something good from their trading.
Traders usually focus more on the short term to make profits from assets that have fairly fast price movements in the market.
Long-term trading may be the same as traders who fail to make a profit because planning does not match market movements. it makes them end up holding assets longer and waiting for market momentum to prepare to sell them at a better price.

Well that's true enough, that's because maybe the short term is easier for them to predict because as we know doing market analysis for the long term is very difficult, but I'm also not saying fundamental analysis is bad because of course there must be advantages and disadvantages, and also even though you might use a short period of time it's also the same if we look at it in terms of risk or even it can be more risky than the long term, because it is very likely that you will always be disturbed by fluctuations that occur when you want to open a trade or when you want to close a trade but fluctuations occur there and finally it is not uncommon for those who initially have a good position (profit) in the end to lose or return capital. For the problem of fluctuations and all the risks that exist in honest trading we cannot do anything, there we can only stay afloat by always using the best planning and self-control so that our trading continues to run smoothly.

if you are thinking long term, why not just think about Bitcoin. That doesn't mean other assets aren't good. they can provide good returns, but I think Bitcoin will be more certain in the long term. that is if you have emotional control and patience.

That's right if you prefer a long-term strategy then obviously it's a better alternative to choose to allocate your money to bitcoin, in trading or investing surely everyone has their own goals, whether they are as day traders or long-term. But if indeed you prefer the long term then it is better to move to bitcoin alone, not that trading is not profitable but bitcoin will be able to provide greater opportunities for the future, but still you also have to be careful.

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October 02, 2023, 03:20:41 PM
 #151

Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.
It is always good that you can control your emotions in trading and that is because not everyone can do that. When you can't control yourself and you even bought at the peak, that's the harder part.
But if you have established yourself and you're able to control it then, that's like already an advantage for you and it's just gonna be a matter of time for you break even or get a profit margin.

Yes I agree with your first point, people must be able to control their emotions in trading, if people who trade cannot control their emotions, of course there will be bad effects that they will feel whether it is in profit losses or time losses, and also not everyone can reach profit margins easily, there are risks waiting, they must be smart in controlling emotions so as not to get losses or not rash in trading.

Some people who succeed in trading are people who can regulate their emotions or can control their emotions properly, it is good for them to see people who have succeeded in trading take a little or a lot of lessons from those who have succeeded, it is unlikely that those who want to learn first understand trading. in addition to emotions they also have to be smart in choosing decisions to take an action and not be rash in terms of trading because it is good or bad they themselves will feel the impact, so learn first understand what new things you want before getting into it.

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October 02, 2023, 07:30:43 PM
 #152

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


• Dont chase losing trades
• If negative, then dont sell on loss
• If finding yourself being impulsive on emotion then better leave out
• Dont punch your monitor  Grin

Scalping? This is the hardest type of trading on which you shouldn't really be touching up this area considering that you would really be that
needing to deal with the volatility in active manner and this isnt something that could really be handled out well even if we do say that you do have that sufficient experience towards the market.
Volatility isnt something that you could really be just simply be able to handle but somewhat its not really that impossible.

It would really be just mattering on how well you would really be doing such thing but of course it would really determine on how you would asess and
handle it out because each person does have their own approach on things.


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October 03, 2023, 12:01:31 AM
 #153

Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.

I think you're missing a lot of  beginner mistakes, like buying high, selling low, FOMO, etc.
Chart patterns are the basic elements that we learn about first. It is  difficult to control emotions when trading if you make rookie mistakes like buying XRP at a high price,
so how can you control emotions in trading when you don't have much trading experience?
experiences can be taken from other people experience's too whether it's in form of book or an article no need to experience it first hand because that will be massive waste of money and energy.
thats why its essential to keep reading some book about trading to ensure that we have sufficient experience to start out.
but sometime some people just think they are genius 1 in a million that gonna make it big without sufficient knowledge only to become food for the whales.
thats the difference between people that are serious with their trading career than those that overly estimated themselves.
trading is tough and every move needs wise decision.

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October 03, 2023, 12:25:56 PM
 #154

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.

Have a trading journal to keep track of your successful trades. The trading journal is our best friend. No trader should be without one. Especially when that bad feeling takes over, the trading journal will remind you of all the things you’ve done well. You can also do some little investments that can accrue you interest that way you have some passive income coming in. Here's some you can look at. https://www.bitget.com/academy/introduction-to-bitget-earning-products
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October 03, 2023, 01:29:25 PM
 #155

It is always good that you can control your emotions in trading and that is because not everyone can do that. When you can't control yourself and you even bought at the peak, that's the harder part.
But if you have established yourself and you're able to control it then, that's like already an advantage for you and it's just gonna be a matter of time for you break even or get a profit margin.

Yes I agree with your first point, people must be able to control their emotions in trading, if people who trade cannot control their emotions, of course there will be bad effects that they will feel whether it is in profit losses or time losses, and also not everyone can reach profit margins easily, there are risks waiting, they must be smart in controlling emotions so as not to get losses or not rash in trading.

Some people who succeed in trading are people who can regulate their emotions or can control their emotions properly, it is good for them to see people who have succeeded in trading take a little or a lot of lessons from those who have succeeded, it is unlikely that those who want to learn first understand trading. in addition to emotions they also have to be smart in choosing decisions to take an action and not be rash in terms of trading because it is good or bad they themselves will feel the impact, so learn first understand what new things you want before getting into it.
It's a long game for those who understands how trading works. It's not just all about the trades that you do.
But also with the management of your emotions because if you're not good with it, you'll have a problem when you're on your trades and you're too emotional for it.
You can be good for all of your trades but with a single tick of emotion for your trades, you don't know how it can turn around.


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Fatunad
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October 03, 2023, 08:59:46 PM
 #156

It is always good that you can control your emotions in trading and that is because not everyone can do that. When you can't control yourself and you even bought at the peak, that's the harder part.
But if you have established yourself and you're able to control it then, that's like already an advantage for you and it's just gonna be a matter of time for you break even or get a profit margin.

Yes I agree with your first point, people must be able to control their emotions in trading, if people who trade cannot control their emotions, of course there will be bad effects that they will feel whether it is in profit losses or time losses, and also not everyone can reach profit margins easily, there are risks waiting, they must be smart in controlling emotions so as not to get losses or not rash in trading.

Some people who succeed in trading are people who can regulate their emotions or can control their emotions properly, it is good for them to see people who have succeeded in trading take a little or a lot of lessons from those who have succeeded, it is unlikely that those who want to learn first understand trading. in addition to emotions they also have to be smart in choosing decisions to take an action and not be rash in terms of trading because it is good or bad they themselves will feel the impact, so learn first understand what new things you want before getting into it.
It's a long game for those who understands how trading works. It's not just all about the trades that you do.
But also with the management of your emotions because if you're not good with it, you'll have a problem when you're on your trades and you're too emotional for it.
You can be good for all of your trades but with a single tick of emotion for your trades, you don't know how it can turn around.
Its not a sprint but rather a marathon on which means that to those people who do able to sustain up themselves on doing trading for long term or that do talks about other investments the those people who do have that
sufficient knowledge and experience and really that having that sensible approach is really that something that you could really be able to say that they are the ones who could really be able to survive. Emotion is one of the most common factor or things that would really be affecting you and this is why it would really be needing up that kind of control because if not then for sure you would really be that so prone to lots of errors
because you do keep on altering your earlier decisions specially if the price and other some sentiments on the market had just popped out then those things will really be changing up that kind of impression.


I think you're missing a lot of  beginner mistakes, like buying high, selling low, FOMO, etc.
Chart patterns are the basic elements that we learn about first. It is  difficult to control emotions when trading if you make rookie mistakes like buying XRP at a high price,
so how can you control emotions in trading when you don't have much trading experience?

For sure all of us did really able to experience out such mistake on which having that buy high sell low thing? Due on lacking that knowledge then it would really be
just that a common mistake in all of us. There's no way that no trader hadnt been able to experienc such thing. Sooner or later on which on the time
that you had already gained up sufficient experience and knowledge then you could already lessen up that kind of behavior and changed up
accordingly.

R


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October 05, 2023, 04:56:45 PM
 #157

Emotions cause a lot of damage.  Emotions should always be controlled. Decisions made on emotions will lead to regrets in the future.  If a trader trades with emotion, he will fail to manage the trade.  There is no place for emotions in professional work.  Trading should be done with conscience. It is better to control emotions here. Once you lose, you cannot give up trading on emotions.  Once again, if you are profitable, you cannot trade again without understanding. You have to involve yourself in other social activities to control your emotions.

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October 05, 2023, 07:45:11 PM
 #158

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
Emotions are a natural thing that every human being has, without them you are not worthy of being called a human being, but the emotions that are created in trading usually occur when you are too worried about your trading activities, and usually people who are very emotional in trading are those who don't have a plan and a clear strategy regarding the trading activities he/she carries out.  all the plans you provide in the list are very good, every trader must implement them all well so that the trading activities carried out are truly effective.

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October 05, 2023, 08:13:10 PM
 #159

Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.

It’s not easy to control your emotion in the trading,because you need to understand the pattern of the chart.So the upcoming movement of the price of the certain coin can be monitored.Some traders follow the indicators,but not all the indicators are real one.Because many people sell the fake indicators to the new traders.So the new trader should ready to get away from the trap by the indicator.The panic selling was the second thing done by the new traders,it should be avoided to get good profit.

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October 05, 2023, 09:48:39 PM
 #160

TP (take profit) and SL (stop loss) are very important and useful tools for trading. Even if the stop loss is triggered, but the price continues to decrease and we could continue to make money, then this is still correct, because order in trading leads to good results, even if we get less in a local transaction. Everyone should have a strategy to follow.

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October 06, 2023, 07:26:36 AM
 #161

TP (take profit) and SL (stop loss) are very important and useful tools for trading. Even if the stop loss is triggered, but the price continues to decrease and we could continue to make money, then this is still correct, because order in trading leads to good results, even if we get less in a local transaction. Everyone should have a strategy to follow.
Personal strategies must continue to be honed to get results that match what we want. It is indeed full of struggle to get good results and find the type of strategy that suits us personally. along the way, of course we go through trial and error stages until finally we have intuition about market movements and seem to have a feeling where the market will go

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October 06, 2023, 09:26:02 AM
 #162

TP (take profit) and SL (stop loss) are very important and useful tools for trading. Even if the stop loss is triggered, but the price continues to decrease and we could continue to make money, then this is still correct, because order in trading leads to good results, even if we get less in a local transaction. Everyone should have a strategy to follow.
Personal strategies must continue to be honed to get results that match what we want. It is indeed full of struggle to get good results and find the type of strategy that suits us personally. along the way, of course we go through trial and error stages until finally we have intuition about market movements and seem to have a feeling where the market will go
Perhaps, no sweet success without difficulties and mistakes. As we come into trading, we not just learn how to find good strategies but also, we must deal with our emotions and manage them because this is a big factor that will affect the results of our trading journey. And most of the time, this is a reason for our failure.

Some people will say it was easy, yet that was too difficult in real life. And I suggest dealing with it right or else, we never expect success but failure and losses.

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October 06, 2023, 09:27:00 AM
 #163

Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.
If there is a trader who enters a trade because of feelings then it will be like he is making a big mistake because our feelings can be wrong, even when traders already have good knowledge, they can make wrong decisions because of many things, so traders should not make trades because of feelings.
I believe all traders have made mistakes, even when they have been involved in this activity for a long time, selling or continuing to hold the coin will really affect your mentality and of all the coins, only Bitcoin is always recommended to keep holding when you have bought it at a high price because other coins are very easy to become trash.

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October 07, 2023, 11:16:11 AM
 #164

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


Emotions in trading should be kept under control, the emotions in trading matter a lot. For example, if a person is loss, then he only knows how to keep his emotions in control, then he has to do it in a way, that he needs to don't think much about the loss that he had. After doing this his stress will be overcome and he should start trading in a new way by following some new strategies this time. In this way he can also deal with his emotions, because emotions are strictly related to trading, not trading but in every field of life emotions play an important role.

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October 12, 2023, 12:13:14 PM
 #165

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


Emotions in trading should be kept under control, the emotions in trading matter a lot. For example, if a person is loss, then he only knows how to keep his emotions in control, then he has to do it in a way, that he needs to don't think much about the loss that he had. After doing this his stress will be overcome and he should start trading in a new way by following some new strategies this time. In this way he can also deal with his emotions, because emotions are strictly related to trading, not trading but in every field of life emotions play an important role.
If you can't control your emotions in trading, you can never be profitable and that is one of the most important things. An experienced trader is never emotional rather they can control their emotions. But if a new trader ever gets into losses while trading, he can't control his emotions and gets very frustrated. Many a times people lose trading because they are not able to control their emotions and become mentally broken. That's why everyone should control their emotions before trading, only then will it be possible to move forward in the future. If one can control one's emotions later by adopting all the strategies in trading, it is possible to gain profit in the future by trading. This is the most important thing in trading when you start trading you must invite your emotions.

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October 12, 2023, 01:09:26 PM
 #166

If you can't control your emotions in trading, you can never be profitable and that is one of the most important things. An experienced trader is never emotional rather they can control their emotions. But if a new trader ever gets into losses while trading, he can't control his emotions and gets very frustrated. Many a times people lose trading because they are not able to control their emotions and become mentally broken. That's why everyone should control their emotions before trading, only then will it be possible to move forward in the future. If one can control one's emotions later by adopting all the strategies in trading, it is possible to gain profit in the future by trading. This is the most important thing in trading when you start trading you must invite your emotions.

Of course, and I think that self-control in trading is the main point that we must have, although you may have a very accurate strategy to make a profit but I think it will be useless if you can't handle your own emotions especially by bringing greed. It must be remembered that in any case emotions and greed can very likely be the beginning of your destruction, and the final result will always be surprising, of course it's a loss. This is the main lesson that must be learned by those especially novice traders who have just come, it is very clear that they will be confused there, especially when they get a loss usually they will not accept it and after that they will lose control where because of their emotions they will spend all the balance they have until finally yes they experience MC.

While for professional traders themselves it is clear that they have been in this field for a long time so almost all the conditions that exist there they already know, but I say even though they are professionals they will also never be able to escape losses but maybe they already have many ways to minimize their losses. The point is that there are so many things you have to prepare when you want to enter the world of trading, mental and psychological is needed so that you remain calm in all conditions and also of course the strategy is also your introduction to profit.

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October 12, 2023, 03:52:22 PM
 #167

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


This is a good piece. You shouldn’t allow emotions to rule over you as a trader. I’m sure those who utilize copy trading be at a good side regarding this.
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October 12, 2023, 04:52:04 PM
 #168

Now I can control my emotions in trading. It's just that I don't understand chart patterns. Even though indicators are very helpful, I believe chart patterns must be mastered. now I have bought XRP at the top price. but I'm not in a hurry to sell it. This is just a bit of a beginner's mistake I guess. I just believe in predictions not with feelings like many people use because they always contain emotions.
If there is a trader who enters a trade because of feelings then it will be like he is making a big mistake because our feelings can be wrong, even when traders already have good knowledge, they can make wrong decisions because of many things, so traders should not make trades because of feelings.
I believe all traders have made mistakes, even when they have been involved in this activity for a long time, selling or continuing to hold the coin will really affect your mentality and of all the coins, only Bitcoin is always recommended to keep holding when you have bought it at a high price because other coins are very easy to become trash.

I think everyone who is a trader today has one way or the other passes through this stage and it's very hard to learn from others rather being an experienced trader. Though I might not know much about trading but with my little interest recently has shown me little bad color which I know is not something one can do away, as human we always allow that feeling to engulfed us at the starting point but whenever we come to realisation we then remove that in our mind to focus and abide strictly on the principles, rules and regulations that governed trading which is applicable to what op is saying, Yes there is no doubt people who said they don't attached emotions today were doing that initially before growing above such stage.

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October 12, 2023, 05:33:53 PM
 #169

The only thing we can dealing with Emotion is by using great money management strategies. Humans can be emotional but if you have a money management strategy then it will keep you away from any emotional trade. Critical thinking and patience should be practiced if you are trading crypto. Another thing we should always keep in mind is anything can happen in crypto. So don't think something is impossible to happen in crypto. It will be best if you are more optimistic.

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October 12, 2023, 06:03:43 PM
 #170

The only thing we can dealing with Emotion is by using great money management strategies. Humans can be emotional but if you have a money management strategy then it will keep you away from any emotional trade. Critical thinking and patience should be practiced if you are trading crypto. Another thing we should always keep in mind is anything can happen in crypto. So don't think something is impossible to happen in crypto. It will be best if you are more optimistic.
I don't think that gives you an exception because even with that, you can't avoid being emotional with your trades.
What you need to have is to control over yourself whether you've got money management or you don't have. Because by the end of your trades, you'll have to deal it on your own and that's gonna give you an experience to see if you'll be able to overcome it or not.
But when you do, then you have the idea that you can and that shall continue as that gives you the pattern on how you'll do it.


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October 12, 2023, 07:35:10 PM
 #171

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


Emotions in trading should be kept under control, the emotions in trading matter a lot. For example, if a person is loss, then he only knows how to keep his emotions in control, then he has to do it in a way, that he needs to don't think much about the loss that he had. After doing this his stress will be overcome and he should start trading in a new way by following some new strategies this time. In this way he can also deal with his emotions, because emotions are strictly related to trading, not trading but in every field of life emotions play an important role.
If you can't control your emotions in trading, you can never be profitable and that is one of the most important things. An experienced trader is never emotional rather they can control their emotions. But if a new trader ever gets into losses while trading, he can't control his emotions and gets very frustrated. Many a times people lose trading because they are not able to control their emotions and become mentally broken. That's why everyone should control their emotions before trading, only then will it be possible to move forward in the future. If one can control one's emotions later by adopting all the strategies in trading, it is possible to gain profit in the future by trading. This is the most important thing in trading when you start trading you must invite your emotions.
Or simply you wont really be making yourself that progressive or there wont really be that no improvement towards your trading career or path yet emotion is one of the most common problem that you would really be
able to face off once you do step your foot in the world of trading. Why? whenever that something which involves money then it would really be just that normal for a person to be really that impulsive or really that highly reactive on which its not really that a shocking thing since we are really just that humans on having that giving out importance when it comes to money.So its normal that those reactions would be felt along the way but it does really have those effects towards on what you are doing specially on trading. It would really be stirring up your emotion and in result you would really be that lost of track on the plans that you had made out earlier
or simply that you do become that ending up on being a gambler on which you have lost your analysis just because you do let your emotion control you.

This is why we should really be that careful on dealing up with things and would really be acting accordingly. We cant really be just having that kind of stagnant kind of behavior or having that kind of tolerance
because we wont really be making yourself that progressive on the time that you would be continuing on losing just because you do make out some alterations of your own analysis.

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October 12, 2023, 09:24:59 PM
 #172

The only thing we can dealing with Emotion is by using great money management strategies. Humans can be emotional but if you have a money management strategy then it will keep you away from any emotional trade. Critical thinking and patience should be practiced if you are trading crypto. Another thing we should always keep in mind is anything can happen in crypto. So don't think something is impossible to happen in crypto. It will be best if you are more optimistic.
That seems easy to say but we are not a machine not has nothing to feel, we are human beings, and we are not immune to that, we can still be emotional no matter what. We can't stop being emotional but at least we find a way to minimize it and make a decision rightly.

We only have two possibilities what will happen to our investment whether we lose or earn. But if we keep control of ourselves, the more chances to earn. There is a need for us to have constant practice on how to keep strong and it takes several months to deal with that.

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October 13, 2023, 02:52:35 PM
 #173

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.


I don't agree with what you said; our emotions as individual traders are what we need. We cannot trade without it. That means that if we can control our emotions correctly, we can make a good profit in the end.

What you said is not enough; it is not right that our emotions are the reason why we cannot make money here. Through our emotions, this will be the way to earn, and we will not earn in any trading business industry. Remember that. Do you think if you don't get emotional and control it, you will be able to sell at a loss because you see and hear a lot of people panicking? Of course, if you know what's going on, you'll just be calm, and you won't send such news.

It means that you can control your emotions correctly so that your asset will not be moved to sell it; you will just be at ease.

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October 13, 2023, 08:51:04 PM
 #174

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.


I don't agree with what you said; our emotions as individual traders are what we need. We cannot trade without it. That means that if we can control our emotions correctly, we can make a good profit in the end.

What you said is not enough; it is not right that our emotions are the reason why we cannot make money here. Through our emotions, this will be the way to earn, and we will not earn in any trading business industry. Remember that. Do you think if you don't get emotional and control it, you will be able to sell at a loss because you see and hear a lot of people panicking? Of course, if you know what's going on, you'll just be calm, and you won't send such news.

It means that you can control your emotions correctly so that your asset will not be moved to sell it; you will just be at ease.
Emotion would really be a huge factor in speaking about its relevance when it comes to trading career or whatever investment venture that you are dealing with. Control is relevant and significant but of course it would really be just that depending or basing up on someones experience on how they would really be making themselves that having in control on such situation.
Experience is really that relevant on which this one would really be telling you on the things that you would gonna do. If you do find yourself that cant really be able to control your emotion
then this is where problems do really start and on the time that you had been able to realize then its already late or damage had already been done.

Good thing that on the time that we do gain up experience then we do really become more better but of course it would really be that depending on a certain individual
on how they would really be dealing up on something like this on which we do know that its never been simple to control up emotions on the time that you are
in a such condition and this is something that we do really need to look upon.
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October 13, 2023, 10:20:29 PM
 #175

Emotion would really be a huge factor in speaking about its relevance when it comes to trading career or whatever investment venture that you are dealing with. Control is relevant and significant but of course it would really be just that depending or basing up on someones experience on how they would really be making themselves that having in control on such situation.

because people who are not experienced in trading will easily panic when they see price movements, I even have friends who are just learning to trade and are very stressed and busy always looking at the trades being made.

Controlling emotions in trading can only be done by those who already have experience. and beginners don't need to be afraid, because the more often they trade, they will gain experience from which they can learn. and indirectly it fosters emotional control. although in this case everyone's level of understanding will be different.
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October 14, 2023, 05:21:38 PM
 #176

Emotion would really be a huge factor in speaking about its relevance when it comes to trading career or whatever investment venture that you are dealing with. Control is relevant and significant but of course it would really be just that depending or basing up on someones experience on how they would really be making themselves that having in control on such situation.

because people who are not experienced in trading will easily panic when they see price movements, I even have friends who are just learning to trade and are very stressed and busy always looking at the trades being made.

Controlling emotions in trading can only be done by those who already have experience. and beginners don't need to be afraid, because the more often they trade, they will gain experience from which they can learn. and indirectly it fosters emotional control. although in this case everyone's level of understanding will be different.

It means that what you mentioned is, the lack of knowledge will cause us anxiety when there is a massive dump in the market. In addition to this, because we also lack knowledge, this is also the reason for the trader who buys crypto in this field to doubt himself.

But, if we use our emotions properly and correctly, the results of our trading activity in our lives will be good.

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October 14, 2023, 05:37:54 PM
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 #177

Emotion would really be a huge factor in speaking about its relevance when it comes to trading career or whatever investment venture that you are dealing with. Control is relevant and significant but of course it would really be just that depending or basing up on someones experience on how they would really be making themselves that having in control on such situation.

because people who are not experienced in trading will easily panic when they see price movements, I even have friends who are just learning to trade and are very stressed and busy always looking at the trades being made.

Controlling emotions in trading can only be done by those who already have experience. and beginners don't need to be afraid, because the more often they trade, they will gain experience from which they can learn. and indirectly it fosters emotional control. although in this case everyone's level of understanding will be different.

I think it's normal for them to feel that way since they are just started learning to trade, they are not yet fully experienced in crypto trading so they don't have any idea how controlling your emotion has a huge impact or affect to your decision making in trading. Too much focus on the market's value movement, without knowing the possible reason behind it could give you any emotion and thoughts that might lead to bad calls which they've need to enhanced and to be calm in any situation. Learning by yourself or from your own experience is the best way to be independent here in trading, cause I have seen some relying in another trader's call which I think is really bad, cause you risking your funds into someone's call which might be a wrong move as well.

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October 18, 2023, 02:50:09 PM
 #178

The only thing we can dealing with Emotion is by using great money management strategies. Humans can be emotional but if you have a money management strategy then it will keep you away from any emotional trade. Critical thinking and patience should be practiced if you are trading crypto. Another thing we should always keep in mind is anything can happen in crypto. So don't think something is impossible to happen in crypto. It will be best if you are more optimistic.
There are problems that, even with money, you will find impossible to overcome, therefore you will still be emotionally involved. Saving or managing money won't even cross your thoughts at this point because the money you are generating is not even enough to cover your needs. and to succeed in any kind of financial investment, you need to be patient and pay close attention. and when it comes to cryptocurrency, you need to be wise.in order to prevent investment regret.

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October 18, 2023, 03:24:18 PM
 #179

The only thing we can dealing with Emotion is by using great money management strategies. Humans can be emotional but if you have a money management strategy then it will keep you away from any emotional trade. Critical thinking and patience should be practiced if you are trading crypto. Another thing we should always keep in mind is anything can happen in crypto. So don't think something is impossible to happen in crypto. It will be best if you are more optimistic.
There are problems that, even with money, you will find impossible to overcome, therefore you will still be emotionally involved. Saving or managing money won't even cross your thoughts at this point because the money you are generating is not even enough to cover your needs. and to succeed in any kind of financial investment, you need to be patient and pay close attention. and when it comes to cryptocurrency, you need to be wise.in order to prevent investment regret.

If you are not generating a sufficient amount of money then there is no point in saving money. The first condition is to have funds to conduct trading activities. If you meet that condition then you can think about money management. You can be wise or not but you need to be smart to be successful and a smart person always has a plan for his future actions. Money management is something that can give you confidence that it will give you the feeling that you are making an investment not gambling with it.

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October 18, 2023, 04:37:15 PM
 #180

When it comes to trading, it all depends on the type of coin you choose. If the coin you choose to trade doesn't have the potential to be profitable because of your ignorance, instead of reducing the emotional level that will appear, it can increase.
Apart from the concept of take profit and stop loss. I am not forbidding people from trading, but it is better to avoid it if there is no knowledge about trading.
Agreed, knowledge is very important thing in trading without which disaster can happen anytime. Of course at the beginning of the investment a trader has to select his coins. He should proceed with trading considering which coins he wants to invest and which will be profitable. We often see traders trading in some coins where the coin is already very bullish based on its position but there are some traders who are still investing there expecting more to invest in that coin but they don't know how much the market cap of that coin will need for profit. They should observe those things carefully. Emotions have no place in trading so one should acquire knowledge as much as possible. Each case should be properly observed by knowledge.
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October 18, 2023, 05:04:52 PM
 #181

When it comes to trading, it all depends on the type of coin you choose. If the coin you choose to trade doesn't have the potential to be profitable because of your ignorance, instead of reducing the emotional level that will appear, it can increase.
Apart from the concept of take profit and stop loss. I am not forbidding people from trading, but it is better to avoid it if there is no knowledge about trading.
Agreed, knowledge is very important thing in trading without which disaster can happen anytime. Of course at the beginning of the investment a trader has to select his coins. He should proceed with trading considering which coins he wants to invest and which will be profitable. We often see traders trading in some coins where the coin is already very bullish based on its position but there are some traders who are still investing there expecting more to invest in that coin but they don't know how much the market cap of that coin will need for profit. They should observe those things carefully. Emotions have no place in trading so one should acquire knowledge as much as possible. Each case should be properly observed by knowledge.

True, it is not gambling that relies entirely on luck, but it is trading that requires the skills of each individual and also deep knowledge in the field of trading. None other than because only the skills and knowledge that we have will bring us or lead us to a profit consistently, if there are some who come to trade but they don't bring any fishing rod at all, or I mean knowledge then it is very clear to say they are just waiting for some catastrophic losses to come.

Doing research on some coins and looking for reliable sources about the coin is one of the ways I usually do, none other than that just to avoid some fraud from unclear coins which of course can make us end up losing because there is no clear reputation. Trading with emotions? well maybe we often hear many cases that end up with losses because of that word and even they experience MC. True there is absolutely no place to put emotions there, you have to be a trader who has good planning and responsibility at the end of each session, losses are natural because it is the concept of trading where there is for means there is a loss too. And well we can minimize the possibility of that loss with knowledge and knowledge that we continue to improve.

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October 18, 2023, 05:44:10 PM
 #182

I think getting professional with the trading can help. Getting away from the trade just to hide emotions is not gonna help because you could end up loosing vital time point where it was time to sell or buy. The auto buy and sell can only set specific value but not the one that was close to changing the course of your trade.

It’s better to learn trading professionally where you know exactly what to do and when to do. All these emotional trading etc is just way to distract ourselves. If you are trading then you are playing with your money. That itself should be enough to keep the focus on right trades.
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October 18, 2023, 05:52:36 PM
 #183

When it comes to trading, it all depends on the type of coin you choose. If the coin you choose to trade doesn't have the potential to be profitable because of your ignorance, instead of reducing the emotional level that will appear, it can increase.
Apart from the concept of take profit and stop loss. I am not forbidding people from trading, but it is better to avoid it if there is no knowledge about trading.
Agreed, knowledge is very important thing in trading without which disaster can happen anytime. Of course at the beginning of the investment a trader has to select his coins. He should proceed with trading considering which coins he wants to invest and which will be profitable. We often see traders trading in some coins where the coin is already very bullish based on its position but there are some traders who are still investing there expecting more to invest in that coin but they don't know how much the market cap of that coin will need for profit. They should observe those things carefully. Emotions have no place in trading so one should acquire knowledge as much as possible. Each case should be properly observed by knowledge.

True, it is not gambling that relies entirely on luck, but it is trading that requires the skills of each individual and also deep knowledge in the field of trading. None other than because only the skills and knowledge that we have will bring us or lead us to a profit consistently, if there are some who come to trade but they don't bring any fishing rod at all, or I mean knowledge then it is very clear to say they are just waiting for some catastrophic losses to come.

Doing research on some coins and looking for reliable sources about the coin is one of the ways I usually do, none other than that just to avoid some fraud from unclear coins which of course can make us end up losing because there is no clear reputation. Trading with emotions? well maybe we often hear many cases that end up with losses because of that word and even they experience MC. True there is absolutely no place to put emotions there, you have to be a trader who has good planning and responsibility at the end of each session, losses are natural because it is the concept of trading where there is for means there is a loss too. And well we can minimize the possibility of that loss with knowledge and knowledge that we continue to improve.
Trading would really be just becoming a gambling on the time that you would really be having that kind of gambling approach or you arent really that doing any trading step or having no analysis already
on which you are really making out some positions without having those kind of analysis and this what makes that trading on becoming gambling already.Its true that trading isnt gambling and both are different things but on the time that your actions is really that something not getting in line with those typical movements or approach towards it then you are just simply doing gambling already.
Emotions? This is one of the most common problem that traders do really need to get rid or need to be controlled on, because on the time that you would really be making yourself that impulsive
then this is the time that it would really be affecting you that much towards your trading career. This is something that needs to be enhanced yet it would really be just that normal for human
beings to be that too emotionally sensitive when it comes on losing money which we know that its really part of the risks on the time you do deal up with this.

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October 18, 2023, 06:28:41 PM
 #184

Emotions in trading should be kept under control, the emotions in trading matter a lot. For example, if a person is loss, then he only knows how to keep his emotions in control, then he has to do it in a way, that he needs to don't think much about the loss that he had. After doing this his stress will be overcome and he should start trading in a new way by following some new strategies this time. In this way he can also deal with his emotions, because emotions are strictly related to trading, not trading but in every field of life emotions play an important role.

Do not make any decisions or actions with emotions. When you act on emotions, it will in most cases affect your work.Most of the people who work on emotions have very little success in their work.According to me one should not do anything on emotional basis if one gets emotional in particular case then one should control oneself and then take a decision.

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October 18, 2023, 09:42:00 PM
 #185

If you are not generating a sufficient amount of money then there is no point in saving money. The first condition is to have funds to conduct trading activities. If you meet that condition then you can think about money management. You can be wise or not but you need to be smart to be successful and a smart person always has a plan for his future actions. Money management is something that can give you confidence that it will give you the feeling that you are making an investment not gambling with it.
Be patient and careful while thinking about what strategies you can apply so that everything will run smoothly. Any investment if accompanied by the right strategy will provide quite good results. As well as managing emotions to remain stable and remaining patient. There are no investment regrets to be made and think too deeply, when investment mistakes occur it is because of a lack of control and strategy. Use failure as a lesson that can provide benefits in the future
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October 18, 2023, 09:47:47 PM
 #186

When it comes to trading, it all depends on the type of coin you choose. If the coin you choose to trade doesn't have the potential to be profitable because of your ignorance, instead of reducing the emotional level that will appear, it can increase.
Apart from the concept of take profit and stop loss. I am not forbidding people from trading, but it is better to avoid it if there is no knowledge about trading.
Agreed, knowledge is very important thing in trading without which disaster can happen anytime. Of course at the beginning of the investment a trader has to select his coins. He should proceed with trading considering which coins he wants to invest and which will be profitable. We often see traders trading in some coins where the coin is already very bullish based on its position but there are some traders who are still investing there expecting more to invest in that coin but they don't know how much the market cap of that coin will need for profit. They should observe those things carefully. Emotions have no place in trading so one should acquire knowledge as much as possible. Each case should be properly observed by knowledge.

True, it is not gambling that relies entirely on luck, but it is trading that requires the skills of each individual and also deep knowledge in the field of trading. None other than because only the skills and knowledge that we have will bring us or lead us to a profit consistently, if there are some who come to trade but they don't bring any fishing rod at all, or I mean knowledge then it is very clear to say they are just waiting for some catastrophic losses to come.

Doing research on some coins and looking for reliable sources about the coin is one of the ways I usually do, none other than that just to avoid some fraud from unclear coins which of course can make us end up losing because there is no clear reputation. Trading with emotions? well maybe we often hear many cases that end up with losses because of that word and even they experience MC. True there is absolutely no place to put emotions there, you have to be a trader who has good planning and responsibility at the end of each session, losses are natural because it is the concept of trading where there is for means there is a loss too. And well we can minimize the possibility of that loss with knowledge and knowledge that we continue to improve.

You are actually doing the right thing by avoiding trading with toxic assets. You're employing an excellent method, guy. Others should do the same so that everyone is delighted because they have correctly practiced the trade activity.

You will also be able to better control your emotions this way. While engaged in actual trading activity, it is critical to maintain emotional control. It actually helps significantly to our success in cryptocurrency trading. Always consider conducting your own study.


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October 19, 2023, 02:13:11 AM
 #187

There are problems that, even with money, you will find impossible to overcome, therefore you will still be emotionally involved. Saving or managing money won't even cross your thoughts at this point because the money you are generating is not even enough to cover your needs. and to succeed in any kind of financial investment, you need to be patient and pay close attention. and when it comes to cryptocurrency, you need to be wise.in order to prevent investment regret.
For some people, having a lot of money still has problems that can be solved and for some people who have a small income they think they will easily face problems if they have a lot of money, but in my opinion these two things really depend on a person's personality. If we only have enough income for our daily needs then it will be very difficult for us to save and invest even though we have managed our finances well, it would be better if we looked for additional income to be able to save and also invest.

If you are not generating a sufficient amount of money then there is no point in saving money. The first condition is to have funds to conduct trading activities. If you meet that condition then you can think about money management. You can be wise or not but you need to be smart to be successful and a smart person always has a plan for his future actions. Money management is something that can give you confidence that it will give you the feeling that you are making an investment not gambling with it.
You are right, the requirement to be able to save is that we must have income to be able to save as well as savings for emergency needs and investment needs. Some successful people are those who do things consistently so that they achieve success through the process they have gone through.
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October 19, 2023, 03:42:11 AM
 #188

Do not make any decisions or actions with emotions. When you act on emotions, it will in most cases affect your work.Most of the people who work on emotions have very little success in their work.According to me one should not do anything on emotional basis if one gets emotional in particular case then one should control oneself and then take a decision.
We can see many examples from other people that making decisions when someone is emotional will certainly result in decisions that are unwise and also very detrimental to themselves. So what you say is also quite correct that there is no reason for anyone to make a decision when he or she is experiencing uncontrolled emotions, because mature people are certainly able to think wisely when they want to make a decision and this will be done when He felt calm from emotional disturbances.

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October 19, 2023, 07:51:13 AM
 #189

Do not make any decisions or actions with emotions. When you act on emotions, it will in most cases affect your work.Most of the people who work on emotions have very little success in their work.According to me one should not do anything on emotional basis if one gets emotional in particular case then one should control oneself and then take a decision.
We can see many examples from other people that making decisions when someone is emotional will certainly result in decisions that are unwise and also very detrimental to themselves. So what you say is also quite correct that there is no reason for anyone to make a decision when he or she is experiencing uncontrolled emotions, because mature people are certainly able to think wisely when they want to make a decision and this will be done when He felt calm from emotional disturbances.

Correct. And therefore it is important for us to be good at managing emotions. Not only in crypto trading but also in everything in our lives. And usually uncontrolled emotions can also thwart the plans we have laid out so well. Although sometimes emotions can make us braver in taking steps. But still, if we are too controlled by our own emotions, our common sense can sometimes become duller. Because emotions can defeat logic. So how can we make the right decision if our logic doesn't work well because we are still controlled by our own emotions? In fact, according to some professional traders, emotional management is much more important than technical analysis. Because when we cannot regulate our emotions, we tend to ignore the results of the analysis we have made.
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October 19, 2023, 01:09:30 PM
 #190

The only thing we can dealing with Emotion is by using great money management strategies. Humans can be emotional but if you have a money management strategy then it will keep you away from any emotional trade. Critical thinking and patience should be practiced if you are trading crypto. Another thing we should always keep in mind is anything can happen in crypto. So don't think something is impossible to happen in crypto. It will be best if you are more optimistic.
Anyone who knows about trading knows that anything can happen anytime in crypto. If we have knowledge or understanding about trading then we don't think to face any new problems. Someone who has good understanding about trading will never get excited while trading. If someone  If he starts trading excitedly or out of control, he will never be able to deposit his money.


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October 19, 2023, 01:49:47 PM
 #191

The only thing we can dealing with Emotion is by using great money management strategies. Humans can be emotional but if you have a money management strategy then it will keep you away from any emotional trade. Critical thinking and patience should be practiced if you are trading crypto. Another thing we should always keep in mind is anything can happen in crypto. So don't think something is impossible to happen in crypto. It will be best if you are more optimistic.
Anyone who knows about trading knows that anything can happen anytime in crypto. If we have knowledge or understanding about trading then we don't think to face any new problems. Someone who has good understanding about trading will never get excited while trading. If someone  If he starts trading excitedly or out of control, he will never be able to deposit his money.

I think that in crypto trading, when you keep your emotions in check, you are also on track. Having the right knowledge and and calmness in trading is like having a seatbelt because it keeps you grounded when the market goes crazy. When you let your emotions run wild, it can lead to impulsive decisions that might not end well and you're more likely to make hasty choices that could cost you a lot of money. Take a deep breath, stay cool and think before you act. Emotions are a part of the game but managing them wisely can make a world of difference in your crypto journey.

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October 19, 2023, 03:06:15 PM
 #192

Do not make any decisions or actions with emotions. When you act on emotions, it will in most cases affect your work.Most of the people who work on emotions have very little success in their work.According to me one should not do anything on emotional basis if one gets emotional in particular case then one should control oneself and then take a decision.
We can see many examples from other people that making decisions when someone is emotional will certainly result in decisions that are unwise and also very detrimental to themselves. So what you say is also quite correct that there is no reason for anyone to make a decision when he or she is experiencing uncontrolled emotions, because mature people are certainly able to think wisely when they want to make a decision and this will be done when He felt calm from emotional disturbances.


Emotions are nature in humans, and everything that we deal has to involve emotions. So, we cannot always say to avoid having emotions because it has always been a part of us, but rather we can say to avoid making decisions driven by our emotions. I agree with what you said that being too emotional will result to unwise decision, because we have this tendency that we are not thinking and making an informed decision when we are getting too emotional. So as traders, we should be fully aware that controlling our emotions is a must when doing trading matters because this will help us avoid impulsive and unplanned decisions. And yes, being too emotional will heavily affect your trading habits so it will be better if we know how we can manage and control it because we do not want to have unsuccessful trading right?



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October 19, 2023, 03:17:37 PM
 #193

The only thing we can dealing with Emotion is by using great money management strategies. Humans can be emotional but if you have a money management strategy then it will keep you away from any emotional trade. Critical thinking and patience should be practiced if you are trading crypto. Another thing we should always keep in mind is anything can happen in crypto. So don't think something is impossible to happen in crypto. It will be best if you are more optimistic.
Anyone who knows about trading knows that anything can happen anytime in crypto. If we have knowledge or understanding about trading then we don't think to face any new problems. Someone who has good understanding about trading will never get excited while trading. If someone  If he starts trading excitedly or out of control, he will never be able to deposit his money.

What do you mean by he will never be able to deposit his money? Only having knowledge about trading will not be enough as new scenarios occur more frequently in crypto than in any other market out there. To tackle this kind of unpredicted situation we need to have a money management strategy that will protect our portfolio from the negative side of crypto trading. This is the most important thing that has been ignored by many traders most of the time.

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October 21, 2023, 10:23:21 PM
 #194

I think getting professional with the trading can help. Getting away from the trade just to hide emotions is not gonna help because you could end up loosing vital time point where it was time to sell or buy. The auto buy and sell can only set specific value but not the one that was close to changing the course of your trade.

It’s better to learn trading professionally where you know exactly what to do and when to do. All these emotional trading etc is just way to distract ourselves. If you are trading then you are playing with your money. That itself should be enough to keep the focus on right trades.

In the first place, we don't need to be professionals to earn money in trading; as long as you have basic knowledge about trading, it's impossible not to experience profit there. Why me, not in lifting myself up if it's a chair? Although I'm still in the learning process, at least I can understand a little bit about trading here in crypto.

My state is still far from becoming a professional trader in crypto trading. But somehow I get a profit from my trading activity here in the crypto space—not always, but I get something.



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October 22, 2023, 01:07:37 PM
Merited by Lanatsa (1)
 #195

When it comes to trading, it all depends on the type of coin you choose. If the coin you choose to trade doesn't have the potential to be profitable because of your ignorance, instead of reducing the emotional level that will appear, it can increase.
Apart from the concept of take profit and stop loss. I am not forbidding people from trading, but it is better to avoid it if there is no knowledge about trading.
Agreed, knowledge is very important thing in trading without which disaster can happen anytime. Of course at the beginning of the investment a trader has to select his coins. He should proceed with trading considering which coins he wants to invest and which will be profitable. We often see traders trading in some coins where the coin is already very bullish based on its position but there are some traders who are still investing there expecting more to invest in that coin but they don't know how much the market cap of that coin will need for profit. They should observe those things carefully. Emotions have no place in trading so one should acquire knowledge as much as possible. Each case should be properly observed by knowledge.

True, it is not gambling that relies entirely on luck, but it is trading that requires the skills of each individual and also deep knowledge in the field of trading. None other than because only the skills and knowledge that we have will bring us or lead us to a profit consistently, if there are some who come to trade but they don't bring any fishing rod at all, or I mean knowledge then it is very clear to say they are just waiting for some catastrophic losses to come.

Doing research on some coins and looking for reliable sources about the coin is one of the ways I usually do, none other than that just to avoid some fraud from unclear coins which of course can make us end up losing because there is no clear reputation. Trading with emotions? well maybe we often hear many cases that end up with losses because of that word and even they experience MC. True there is absolutely no place to put emotions there, you have to be a trader who has good planning and responsibility at the end of each session, losses are natural because it is the concept of trading where there is for means there is a loss too. And well we can minimize the possibility of that loss with knowledge and knowledge that we continue to improve.

You are actually doing the right thing by avoiding trading with toxic assets. You're employing an excellent method, guy. Others should do the same so that everyone is delighted because they have correctly practiced the trade activity.

You will also be able to better control your emotions this way. While engaged in actual trading activity, it is critical to maintain emotional control. It actually helps significantly to our success in cryptocurrency trading. Always consider conducting your own study.

You would be naturally be able to adjust it out, you might commit some mistakes earlier or on the time that you had started but on the time that you had able to gain that experience then you would be naturally be able to avoid those things on next encounter on which it would really be just that so normal that you would really be already aware on whats happening around. Come to think that we are really just that humans on which it is really just that normal that we would really be that impulsive or highly reactive on things which we dont really know or something a normal reaction
and emotions is one of the most common things that we would really be encountering because we dont really like on losing money and dealing with something random or highly volatile things then
it would be that normal that mind boggling situation or tons of question would really be there.

Dealing up with the market volatility isnt really that easy because its always been that unpredictable in the first place on which it is really that a common approach for anyone to have
that kind of randomness on whatever strategy that we are making.It cant be precise but somewhat applying any analysis or whatsoever basis in regarding with the
actions been made would really be just that so normal and its recommended on doing so rather than on making some random movement or decisions.
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October 23, 2023, 06:18:06 AM
 #196

I think getting professional with the trading can help. Getting away from the trade just to hide emotions is not gonna help because you could end up loosing vital time point where it was time to sell or buy. The auto buy and sell can only set specific value but not the one that was close to changing the course of your trade.

It’s better to learn trading professionally where you know exactly what to do and when to do. All these emotional trading etc is just way to distract ourselves. If you are trading then you are playing with your money. That itself should be enough to keep the focus on right trades.

In the first place, we don't need to be professionals to earn money in trading; as long as you have basic knowledge about trading, it's impossible not to experience profit there. Why me, not in lifting myself up if it's a chair? Although I'm still in the learning process, at least I can understand a little bit about trading here in crypto.

My state is still far from becoming a professional trader in crypto trading. But somehow I get a profit from my trading activity here in the crypto space—not always, but I get something.

I think so too, there is no need to become a trading professional to make a profit because with basic knowledge we can just get profit, I myself feel it even though I was only a beginner at that time by learning strategies and tricks from other people who already understand trading I can profit. even if you have to wait until you become a professional to trade it won't be fast, because what I know is that even people who are professionals in trading can still be wrong in predicting.

Although with a little knowledge can bring profit does not mean enough until here, as well as continue to learn what is related to trading because there is nothing to lose also learn something related to trading. with the knowledge we already know about trading maybe this will reduce the risk of loss when we predict, because basically everyone does not want to experience losses. So my advice is to continue learning to understand the things we do so that we can bring profits and avoid the name of loss.

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October 23, 2023, 05:17:17 PM
 #197


Anyone who knows about trading knows that anything can happen anytime in crypto. If we have knowledge or understanding about trading then we don't think to face any new problems. Someone who has good understanding about trading will never get excited while trading. If someone  If he starts trading excitedly or out of control, he will never be able to deposit his money.
Do you think professional traders are never influenced by emotions? Everyone can make mistakes, anyone who loses money on a losing trade will worry about this, especially if the trader loses a large amount of money. Read the stories of traders, many of them lost huge amounts of money, this cannot be avoided even if you are a very experienced trader, and the greater the loss, the more emotions you will experience, I think that experience cannot influence this.

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October 23, 2023, 08:00:14 PM
 #198

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


This made me to remember a friend we both trade together yeah, but some where along the line the dude started doing different things like clearing his watch list saying he basically wanna be watching just GBPUSD AND GOLD, like this got me laughing like menhn what kind of sudden change is that. meanwhile me that goes looking at random pairs i turned out to see more trading opportunities in the market than him.

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October 23, 2023, 08:06:35 PM
 #199

There are problems that, even with money, you will find impossible to overcome, therefore you will still be emotionally involved. Saving or managing money won't even cross your thoughts at this point because the money you are generating is not even enough to cover your needs. and to succeed in any kind of financial investment, you need to be patient and pay close attention. and when it comes to cryptocurrency, you need to be wise.in order to prevent investment regret.
If you are not generating a sufficient amount of money then there is no point in saving money. The first condition is to have funds to conduct trading activities. If you meet that condition then you can think about money management. You can be wise or not but you need to be smart to be successful and a smart person always has a plan for his future actions. Money management is something that can give you confidence that it will give you the feeling that you are making an investment not gambling with it.
I can relate to this as I also find it hard to save money because my income is only limited and then there are spending for food, bills and debts. But I won't say that saving money is pointless. There might still be a time that we can get a bonus pay, a decent win in gambling, etc.. We can always try to save it for later use. And how can we start trading if we don't have a money on hand?

It's an advantage if we already know how to manage our money but I think we all know it already because if not, we will never pay the bills on time, buy the groceries, etc.. Being wise is I think can matter the most. A lot of people are successful by having it than the diploma or being smart due to studies.

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October 23, 2023, 10:47:34 PM
 #200

Do you think professional traders are never influenced by emotions? Everyone can make mistakes, anyone who loses money on a losing trade will worry about this, especially if the trader loses a large amount of money. Read the stories of traders, many of them lost huge amounts of money, this cannot be avoided even if you are a very experienced trader, and the greater the loss, the more emotions you will experience, I think that experience cannot influence this.
I agree.

Even the most professional traders have their own shortcomings and can be heavily influenced by their own emotions. They also know how it will go when they're into their emotions so they don't let that happen while they're doing their trades.

But, it's like a common mistake that many of us do, whether you are a professional or not. It's part of the trades that we do and all we need to do is to control it which is the hardest part IMO.



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October 24, 2023, 10:09:59 PM
Merited by fillippone (1)
 #201

As long as we learn from it, I think it is not going to be something that matters, we should be able to do it a lot better and shouldn't really worry about it if you ask me. I get the notion that people fear about the drops or get too excited about increases and all that but as long as we care about it very well and not really do anything major, we should be able to do something that would be a lot better.

I hope that we get to do something that will matter on the long run, and should be something a lot more decent. This is of course what I hope I could achieve, and should not be really that much of a problem on the long run. I get that it is not simple and could be a bit of a trouble for those who are having hard time controlling their emotions, but they can learn from their mistakes.

The learning ability of a person in trading should be at a high rate, as it is directly proportional to strategies I think, the more a person learns in trading the more he goes forward. Thinking before a step is far better than regretting after the step taken, mostly traders make the mistake that they didn't follow up on their strategies from the start, and in the end, they end up with loss and regret. This was a bad step for trading for them and from that position mostly traders lost a lot and they lost hope and never joined trading again.

Learning should be top-class if someone wants himself in the top trader or wants to earn something. Most importantly learning from the experience and losses is quite beneficial learning of all time.

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October 25, 2023, 01:56:06 AM
 #202

As long as we learn from it, I think it is not going to be something that matters, we should be able to do it a lot better and shouldn't really worry about it if you ask me. I get the notion that people fear about the drops or get too excited about increases and all that but as long as we care about it very well and not really do anything major, we should be able to do something that would be a lot better.

I hope that we get to do something that will matter on the long run, and should be something a lot more decent. This is of course what I hope I could achieve, and should not be really that much of a problem on the long run. I get that it is not simple and could be a bit of a trouble for those who are having hard time controlling their emotions, but they can learn from their mistakes.

The learning ability of a person in trading should be at a high rate, as it is directly proportional to strategies I think, the more a person learns in trading the more he goes forward. Thinking before a step is far better than regretting after the step taken, mostly traders make the mistake that they didn't follow up on their strategies from the start, and in the end, they end up with loss and regret. This was a bad step for trading for them and from that position mostly traders lost a lot and they lost hope and never joined trading again.

Learning should be top-class if someone wants himself in the top trader or wants to earn something. Most importantly learning from the experience and losses is quite beneficial learning of all time.
Carrying out a strategy in trading we need to do it consistently to be able to get results from what we have done and if we only do it half way and don't finish what we have started of course we won't be able to get results from the trades we make. If we want success in trading, of course we have to keep learning by increasing our knowledge in the field of trading to be able to reduce losses that may occur in the trades we make, correct mistakes we have made and return to trading will be better for achieving the success we want.
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October 25, 2023, 10:33:40 AM
Merited by fillippone (1)
 #203

Normally emotions are not something you can easily control, Mostly when it comes to  trading aspect, But it doesn't mean you can't control and over come it. Emotions are one thing that mostly brings lot of losses when trading.  humans are  Emotional beings .Mostly anger,For instance some one trading and they were in profit, then later on the market move in a way that made Them being in loss. That is when the emotions will start to overwhelmed the person even if the person have good knowledge about trading. As long his emotions have started to overwhelmed he or she there is a high chances that the person will start jumping in to trading without planning, With bigger leverages that will increase his liquidation. And through that process greater losses will start coming in.  So the best way to handle things once you see your emotions getting the best of you during losses. just close the trade and go offline. Than trading and losing with  emotions.

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October 25, 2023, 03:42:44 PM
 #204

Emotional regulation is crucial for business success, as it prevents poor decisions and is the deadliest enemy of businessmen. Emotion instability can hinder business engagement, and those struggling with emotional instability should learn to manage their emotions before engaging in business. Decisions are not made by emotion, and to develop a successful business, it is essential to make decisions with a clear mind and careful consideration, rather than relying solely on emotions.
If a person cannot make right decision due to failure of controlling his feelings and emotions then he should wait for a while and start research on it because if you take forward step without investigation then your emotions can play bad role in your success. In every business person should be calm and there should be no space for feelings or emotions because once feeling interfere with your decision then there will be a possibility of collapsing your business.
If you get the complete knowledge and understand things well then you can control your emotions because you will know what will happen next but without learning if you initiate any business then you will completely utilise your emotions in that business. person cannot hide his emotions completely as this is only emotions which move you towards a successful business but try to control emotions of greed during business success.
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October 26, 2023, 11:49:51 PM
 #205

I think getting professional with the trading can help. Getting away from the trade just to hide emotions is not gonna help because you could end up loosing vital time point where it was time to sell or buy. The auto buy and sell can only set specific value but not the one that was close to changing the course of your trade.

It’s better to learn trading professionally where you know exactly what to do and when to do. All these emotional trading etc is just way to distract ourselves. If you are trading then you are playing with your money. That itself should be enough to keep the focus on right trades.

In the first place, we don't need to be professionals to earn money in trading; as long as you have basic knowledge about trading, it's impossible not to experience profit there. Why me, not in lifting myself up if it's a chair? Although I'm still in the learning process, at least I can understand a little bit about trading here in crypto.

My state is still far from becoming a professional trader in crypto trading. But somehow I get a profit from my trading activity here in the crypto space—not always, but I get something.

But your goa should have a professional level when it comes to trading, because if you attain that state, you can secure earning every trade. Maybe now you are earning, but we never know. I also experienced that. I used to trade aimlessly, and one time I faced capital loss, so I changed my strategy by doing copy trade, but it also didn't do well. It's more reliable if you yourself follow your own analysis. I still don't consider myself to be professional; I'm still in the process of learning more, even from my mistakes, I admit. What I'd also learn is don't settle for less, or what you know right now about trading can be expanded, so don't stop learning even if you are earning from it. I take inspiration from the well-known crypto traders, I admire them, and I take motivation from them. So keep striving to be in a professional state.

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October 27, 2023, 12:08:43 AM
 #206

Emotional regulation is crucial for business success, as it prevents poor decisions and is the deadliest enemy of businessmen. Emotion instability can hinder business engagement, and those struggling with emotional instability should learn to manage their emotions before engaging in business. Decisions are not made by emotion, and to develop a successful business, it is essential to make decisions with a clear mind and careful consideration, rather than relying solely on emotions.
having emotions is really natural, but as a business person, one should be thinking logically not based on emotion, thats why you've seen many businessman out there that did real business despite getting condescending word from their customers, they would always reply with smile because they know such thing wouldn't matter so much if they just ignore it and go on with their business.
business is all about being realistic, a slight influence based on emotion may incur harm towards the business doesn't matter if its a big problem or small problem a problem is a problem.
thats why if someone can't really control their emotion in business, just find other field where they can earn from, like becoming employee or such, even becoming employee requires you to be able to manage your emotions.

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October 27, 2023, 03:15:47 AM
 #207

Quote from: seanskie18
Emotional regulation is crucial for business success, as it prevents poor decisions and is the deadliest enemy of businessmen. Emotion instability can hinder business engagement, and those struggling with emotional instability should learn to manage their emotions before engaging in business. Decisions are not made by emotion, and to develop a successful business, it is essential to make decisions with a clear mind and careful consideration, rather than relying solely on emotions.

Emotions has reduced many traders to nothing in the community, because they refuse to eliminate emotions whenever they want to trade their coins in a particular period without carry out their personal research to know how good the market price will be in the future than to be carry away by emotions of the new price. There is no way you can apply your tactics in crypto trading and miss it in the future, but if you apply emotion in buying crypto or selling crypto in the market, I think it will not help you to grow financially in the community until you change that attitude of emotion. Your decision in the bullish or bearish market will determine what you will achieve in the future, because you cannot decide to buy low in the market and you will not reap a good income when the price hit higher.

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October 27, 2023, 04:12:43 AM
 #208

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

Everything that you have pointed out is very much valid & I second, but the first thing that will allow you to apply all these is a tried and tested strategy!!
I say strategy because many of us wouldn't know where to apply the stop loses or where to take profits because our strategy is about guessing or eyeballing the charts which leaves room for emotions to come in and in the end it's nolonger trading but gambling!

Normally emotions are not something you can easily control
Agreed , Especially if one is a losing trader, emotions will be everywhere!!
To be shielded from emotions trade mechanically based on what the strategy says and all the noise and fear will be cancelled out.

R


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October 27, 2023, 05:21:40 AM
 #209

People cannot succeed in business because of their wrong decisions and most of the wrong decisions are due to human emotions and their anger. Traders who make decisions with business thinking in mind make very few mistakes in their decisions, but those who do not have business knowledge but have the ability to make decisions on their emotions will never succeed in their business, whatever the trader may be. A businessman must be a person of utmost patience, never a businessman becomes too greedy. Every businessman should try to solve all problems with a smile no matter how many problems he faces in his business. 
If a businessman concentrates on his business by avoiding emotions and anger, he can become a successful businessman.
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October 27, 2023, 11:43:25 AM
 #210

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

Trading is meant for the working class individuals and not some random jobless individuals that his ultimate target is having steady means of income from trading. Most professional and new traders agree that trading is challenging. There are phases which generate positive results, and then there are phases that produce disappointing outcomes and frustration. All of the information provided has significance to a trader. They are nevertheless disciplinary measures that need to be implemented if one want to reduce the trading losing percentage. I'm more enthusiastic in the part of the report where you discussed establishing TP and SL because it will also spare you from substantial losses and liquidation.

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October 27, 2023, 03:29:33 PM
 #211

People cannot succeed in business because of their wrong decisions and most of the wrong decisions are due to human emotions and their anger. Traders who make decisions with business thinking in mind make very few mistakes in their decisions, but those who do not have business knowledge but have the ability to make decisions on their emotions will never succeed in their business, whatever the trader may be. A businessman must be a person of utmost patience, never a businessman becomes too greedy. Every businessman should try to solve all problems with a smile no matter how many problems he faces in his business. 
If a businessman concentrates on his business by avoiding emotions and anger, he can become a successful businessman.
It would be better to decide something for the good of the business or whatever. We cannot make decisions in an emotional state because this will be a bad thing for the business or trade that we do. Every person who makes a decision in an emotional state, of course the decision they make is very likely to have no impact either on them or the business they run, so it is very important to be able to control emotions when making a decision so that there is no regret in the decision we make. Yes, everyone who has been successful in the business they have built will of course be able to control their emotions under any circumstances so that they always make the right decisions according to the plans they have made.

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October 27, 2023, 10:04:12 PM
 #212

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.


people who have never traded at all, will not be able to know what it's like to have a lot of pressure that makes it difficult for them to think clearly, especially when the market is volatile. controlling or diverting emotions in trading has become something that professional traders always do in order to make their final trading results profitable, emotions are always something that quite often makes traders fail in making decisions, mastering emotions is neither easy nor difficult.



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October 27, 2023, 10:33:19 PM
 #213

Normally emotions are not something you can easily control, Mostly when it comes to  trading aspect, But it doesn't mean you can't control and over come it. Emotions are one thing that mostly brings lot of losses when trading.  humans are  Emotional beings .Mostly anger,For instance some one trading and they were in profit, then later on the market move in a way that made Them being in loss. That is when the emotions will start to overwhelmed the person even if the person have good knowledge about trading. As long his emotions have started to overwhelmed he or she there is a high chances that the person will start jumping in to trading without planning, With bigger leverages that will increase his liquidation. And through that process greater losses will start coming in. 
We deal with our emotions and we know ourselves better than the others. If we know how to deal with our emotions as we trade, you only have a few enemies left with your trades.

Because the hardest enemy is ourselves and you can't do that on your own when you're easily triggered by your emotion.

So the best way to handle things once you see your emotions getting the best of you during losses. just close the trade and go offline. Than trading and losing with  emotions.
Easily said than done but reality won't make them go offline quickly when they're regretting about that trade they make and it's almost a win that they're about to close but turned oppositely.

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October 27, 2023, 10:48:51 PM
 #214

Emotional regulation is crucial for business success, as it prevents poor decisions and is the deadliest enemy of businessmen. Emotion instability can hinder business engagement, and those struggling with emotional instability should learn to manage their emotions before engaging in business. Decisions are not made by emotion, and to develop a successful business, it is essential to make decisions with a clear mind and careful consideration, rather than relying solely on emotions.
Emotional have advantage and disadvantage so it can be if advantage in some certain aspects while becoming a big hindrance in other aspects. It is very important for us to learn how to control our emotions so that we don't get deluded by our own mistakes. If we look at business, we need to be strong and not allow our emotions to affect our decisions if not, it can get worse and we might not get to where we intend to reach. Business should be strict and different from the normal ways we treat things around us. Those that do not take their business seriously could easily crumble it due to emotions.

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October 29, 2023, 01:39:20 PM
Merited by fillippone (1)
 #215

Emotional regulation is crucial for business success, as it prevents poor decisions and is the deadliest enemy of businessmen. Emotion instability can hinder business engagement, and those struggling with emotional instability should learn to manage their emotions before engaging in business. Decisions are not made by emotion, and to develop a successful business, it is essential to make decisions with a clear mind and careful consideration, rather than relying solely on emotions.
Emotional have advantage and disadvantage so it can be if advantage in some certain aspects while becoming a big hindrance in other aspects. It is very important for us to learn how to control our emotions so that we don't get deluded by our own mistakes. If we look at business, we need to be strong and not allow our emotions to affect our decisions if not, it can get worse and we might not get to where we intend to reach. Business should be strict and different from the normal ways we treat things around us. Those that do not take their business seriously could easily crumble it due to emotions.
Running a business will certainly not be very good if we cannot control our emotions because we could make the wrong choice in the business we run and it could also cause the business we run to experience problems because we cannot control our emotions. If we cannot run a business seriously then it would be better for us not to start one because it could be detrimental to the savings we have. Running a business will certainly be very different from the environment around us and we cannot equate it because it will be bad for the business we run.
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October 29, 2023, 03:27:12 PM
Merited by fillippone (1)
 #216

Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

When we intend to trade in something we must be careful not to be overly emotional.  If we are too emotional then we will suffer in this trade. Control your emotions and trade with patience. Patience is very important when we trade anything because if we trade in something and if we suffer for any reason if we don't have patience then we can't trade in that later. When you trade you must have enough knowledge about the trade the more knowledge about the trade the more successful you will be. In the case of trade, some luck works many times. If we trade, if luck is good, we get success in a short time.

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October 29, 2023, 03:43:36 PM
Merited by fillippone (1)
 #217

It is natural for a human being to have emotions. God created us with emotions. So just because there will be emotions, it's not like we can't control them. In business you can think a lot through emotion, but thinking and doing are not the same thing. Whenever a situation presents itself to you, you will have an opportunity to make a decision. Then you may want to ask your conscience or discuss it with the people in the business whether a decision you have made is really the right one. If you want to control your emotions, you can write down your emotions and write down the losses that you may incur in the future because of those emotions, then you must get a message in your head that if I act on emotions, I will do a lot of damage and so on. You can avoid emotions in business and in your other work. You must avoid emotions when you realize that if they cause you any great harm then it will be easier for you to let them go. So I think you should write down your thoughts to yourself and sit with them for a certain period of time. Because other people's thoughts may not agree with your thoughts and their suggestions may not work for you, so find out your own problems to control yourself and try to solve them.
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