Emotions dealing

[Juse14]

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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[Franctoshi]

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.

[red4slash]

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.

[promise444c5]

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  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

[Mame89]

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.

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.

[Cryptomultiplier]

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.

[milewilda]

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.

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.

[Kelvinid]

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.

[Nwada001]

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.

[jeraldskie11]

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.

[Rengga Jati]

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.

[ancafe]

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.

[Dickiy]

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.

[xSkylarx]

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.

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.

[HONDACD125]

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.

[goinmerry]

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]

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]

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]

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.

[promise444c5]

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