Emotions dealing

[Nrcewker]

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.

[MFahad]

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.

[Dickiy]

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.

[Lorence.xD]

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.

[Franctoshi]

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.

[Hamza2424]

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

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.

[tjtonmoy]

~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.

[ZAINmalik75]

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

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.

[BIT-BENDER]

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

[Faisal2202]

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

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.

[Lanatsa]

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

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.

[gunhell16]

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

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.

[rat03gopoh]

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.

[promise444c5]

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! that's why it's a forum. Besides,  we are all learning.

[Vaculin]

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.

[promise444c5]

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

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 , 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 .

[welshhana]

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

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

Trading is pure math. Emotions have nothing to do here

[Learn Bitcoin]

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.

[Peanutswar]

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.

[lalabotax]

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.