lalabotax
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October 24, 2023, 09:49:31 PM |
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There are many people who trade on BitcoinTalk forums. Those who trade must control their emotions. If not, you will have a huge loss in trading.
What is certain is that the more stable you are and the more you are able to control your emotions, the more you will reduce the risk of panic and stress levels when trading. It cannot be denied that trading is always related to risks which make a trader easily become panicked and stressed. This can have quite an impact on the results of his trading. So, by being able to manage his emotions and control them under any circumstances, a trader can at least secure his position so as not to make careless decisions at critical emotional moments. But once again, controlling emotions is not the only basis for success in trading. Because there are several other important factors that influence such as your ability and insight in trading, consistency, discipline, the ability to make the right decisions at risky times, and good focus to be able to work well too.
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bettercrypto
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October 24, 2023, 11:59:14 PM |
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5. Stay calm and try to control temporary emotions.
That's easy to say, but for most traders, it's not easy to do, especially if they're first-timers and don't have any knowledge of trading yet. Then we know that in every action we take, our emotions do not disappear. Staying calm is easy to do if the situation is not that tense, but when there is a scenario where the value of the assets you bought suddenly falls, there is a feeling that you will panic if you are not prepared for such situations. But if you are ready, you can definitely control your emotions.
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Best-mary
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October 25, 2023, 12:00:34 AM Last edit: November 10, 2023, 02:05:00 PM by Best-mary |
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There are many people who trade on BitcoinTalk forums. Those who trade must control their emotions. If not, you will have a huge loss in trading. Why emotion is needed while trading is as follows:
1. Profitability: Profitability in the crypto market is very dynamic and variable. Traders' emotions create interest and excitement about their profits.
2. Volatility: The crypto market is volatile, i.e. prices can change rapidly. Having emotion with this position can help traders as it is important to make timely diagnosis.
Here are some ways to control these emotions:
1. Don't expect much profit. For example: You think that you will become rich by investing in a coin. 2. After you have invested in a coin, you find that for some reason it has gone down in the market. At this time, without being emotional, you first look at the condition of the token, what condition it is in, and then take a decision with a cool head. 3. Avoid revisiting a coin after investing. You place a sell order with a specific target. 4. Trade according to market conditions. Don't immediately invest in someone's words. 5. Stay calm and try to control temporary emotions.
I believe this would also help others to learn. I wrote it few days ago out little experience I got while navigating into trading
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shinratensei_
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October 25, 2023, 01:07:58 AM |
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5. Stay calm and try to control temporary emotions.
That's easy to say, but for most traders, it's not easy to do, especially if they're first-timers and don't have any knowledge of trading yet. Then we know that in every action we take, our emotions do not disappear. Staying calm is easy to do if the situation is not that tense, but when there is a scenario where the value of the assets you bought suddenly falls, there is a feeling that you will panic if you are not prepared for such situations. But if you are ready, you can definitely control your emotions. thats true, doesn't matter if someone is veteran, the feeling of not knowing how the future will turns out meanwhile our assets already falling is worst feeling ever it could definitely tilted us making series of bad decision coming out of our minds which results in massive loss. being calm, could only be done when we at least know that things will get better or know that something might happens with proper analysis but when the trend just suddenly changing course, its really impossible to stay calm, best course of action would be just think logically despite not calm.
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barisbilgili
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October 25, 2023, 01:23:18 AM |
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There are many people who trade on BitcoinTalk forums. Those who trade must control their emotions. If not, you will have a huge loss in trading.
What is certain is that the more stable you are and the more you are able to control your emotions, the more you will reduce the risk of panic and stress levels when trading. It cannot be denied that trading is always related to risks which make a trader easily become panicked and stressed. This can have quite an impact on the results of his trading. So, by being able to manage his emotions and control them under any circumstances, a trader can at least secure his position so as not to make careless decisions at critical emotional moments. But once again, controlling emotions is not the only basis for success in trading. Because there are several other important factors that influence such as your ability and insight in trading, consistency, discipline, the ability to make the right decisions at risky times, and good focus to be able to work well too. Being able to manage emotions when trading will certainly get good results in the trading we do. It is very important to be able to manage emotions when trading so that we don't make wrong decisions in the trading we do. You are right, to be successful in trading we must have the ability to analyze the market well and make the right decisions so as not to experience losses in trading, if we can do this consistently we will certainly get success from the trades we make.
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Dickiy
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October 25, 2023, 02:22:33 PM |
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There are many people who trade on BitcoinTalk forums. Those who trade must control their emotions. If not, you will have a huge loss in trading.
What is certain is that the more stable you are and the more you are able to control your emotions, the more you will reduce the risk of panic and stress levels when trading. It cannot be denied that trading is always related to risks which make a trader easily become panicked and stressed. This can have quite an impact on the results of his trading. So, by being able to manage his emotions and control them under any circumstances, a trader can at least secure his position so as not to make careless decisions at critical emotional moments. But once again, controlling emotions is not the only basis for success in trading. Because there are several other important factors that influence such as your ability and insight in trading, consistency, discipline, the ability to make the right decisions at risky times, and good focus to be able to work well too. Being able to manage emotions when trading will certainly get good results in the trading we do. It is very important to be able to manage emotions when trading so that we don't make wrong decisions in the trading we do. You are right, to be successful in trading we must have the ability to analyze the market well and make the right decisions so as not to experience losses in trading, if we can do this consistently we will certainly get success from the trades we make. Because it is always emotions that are the starting point of destruction in trading, therefore as a trader we are required to have very good self-control, none other than that it will also be very useful for minimizing losses, and also yes as we know we really need calm when trading, where calmness will really help us to find the right decision in the market. Basically, there is quite a lot to learn and also prepare when we want to become a trader, not only the ability in terms of skills but management, planning and self-control are needed there, but so far what I know that is usually always a problem is the emotional factor itself, which not all traders can handle it well. There are even some who are trapped in their own emotions so that they cannot control their trading and not infrequently end up with MC, so the point is that we must be really careful in terms of trading, the market is very volatile and as much as possible we must take many precautions there so that something unexpected does not happen.
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DVlog
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October 25, 2023, 02:34:23 PM |
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There are many people who trade on BitcoinTalk forums. Those who trade must control their emotions. If not, you will have a huge loss in trading.
What is certain is that the more stable you are and the more you are able to control your emotions, the more you will reduce the risk of panic and stress levels when trading. It cannot be denied that trading is always related to risks which make a trader easily become panicked and stressed. This can have quite an impact on the results of his trading. So, by being able to manage his emotions and control them under any circumstances, a trader can at least secure his position so as not to make careless decisions at critical emotional moments. But once again, controlling emotions is not the only basis for success in trading. Because there are several other important factors that influence such as your ability and insight in trading, consistency, discipline, the ability to make the right decisions at risky times, and good focus to be able to work well too. Being able to manage emotions when trading will certainly get good results in the trading we do. It is very important to be able to manage emotions when trading so that we don't make wrong decisions in the trading we do. You are right, to be successful in trading we must have the ability to analyze the market well and make the right decisions so as not to experience losses in trading, if we can do this consistently we will certainly get success from the trades we make. This debate will never end about the impact of emotion on traders. This seems bad most of the time but you need to understand that we are human beings, and it is a natural thing to be emotional when something bad happens in our business or personal life. It's easier to make a money management strategy than control your emotions. Why do we focus on the hardest one most of the time!
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Awaklara
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October 25, 2023, 02:38:19 PM |
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Because it is always emotions that are the starting point of destruction in trading, therefore as a trader we are required to have very good self-control, none other than that it will also be very useful for minimizing losses, and also yes as we know we really need calm when trading, where calmness will really help us to find the right decision in the market.
Basically, there is quite a lot to learn and also prepare when we want to become a trader, not only the ability in terms of skills but management, planning and self-control are needed there, but so far what I know that is usually always a problem is the emotional factor itself, which not all traders can handle it well. There are even some who are trapped in their own emotions so that they cannot control their trading and not infrequently end up with MC, so the point is that we must be really careful in terms of trading, the market is very volatile and as much as possible we must take many precautions there so that something unexpected does not happen.
The issue of self-control over the trading planning that you do is also related to the trading experience that you have accumulated. we cannot force novice traders not to panic in their trading. This is normal and can indeed cause losses. Actually, beginners can gather a lot of information that they can use as their experience and try to avoid anything that might cause losses. However, controlling emotions is also related to trader psychology. it is not easy to set or adjust it. it can only develop by itself when we actually have enough experience.
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jeha2015
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October 25, 2023, 03:00:24 PM |
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Being able to manage emotions when trading will certainly get good results in the trading we do. It is very important to be able to manage emotions when trading so that we don't make wrong decisions in the trading we do. You are right, to be successful in trading we must have the ability to analyze the market well and make the right decisions so as not to experience losses in trading, if we can do this consistently we will certainly get success from the trades we make.
Yes, it's true, controlling emotions when trading will determine the final result, so it's important to control emotions in trading. My rule is simple, profit 20%, stop loss 10%. Don't be emotional because emotions will lead you to loss and greed. This has really helped me and my way of trading with less emotional triggers. Apart from that, in trading we don't call anything a "win". There are only profits and losses. There are no reports declaring “victory” in this regard. Traders need to change their mindset and stop considering profits as a win. Words have a deep emotional impact and when you think of winning, you also think of losing. It was a profound physiological lesson.
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Fivestar4everMVP
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October 25, 2023, 03:03:28 PM |
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I would say, just do away with emotions when trading, trade with your head and not your heart, for we know the heart to be so tender and easily attached, the head is the dwelling place of the brain, which enables us to think, calculate and take important actions at the time that is right.
Trading with emotions may destroy the trader, it is the same thing as gambling, gambling with emption often times lead to nothing but more loses, the market is never merciful to any trader, it doesn't care how much you have lost and how emotional that have made you become, if you keep on doing the same thing, when the market demand that you do something to profit, you will keep losing trades as well as your money.
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synchronym
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October 25, 2023, 03:59:34 PM |
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There are many people who trade on BitcoinTalk forums. Those who trade must control their emotions. If not, you will have a huge loss in trading. Why emotion is needed while trading is as follows:
1. Profitability: Profitability in the crypto market is very dynamic and variable. Traders' emotions create interest and excitement about their profits.
2. Volatility: The crypto market is volatile, i.e. prices can change rapidly. Having emotion with this position can help traders as it is important to make timely diagnosis.
Here are some ways to control these emotions:
1. Don't expect much profit. For example: You think that you will become rich by investing in a coin. 2. After you have invested in a coin, you find that for some reason it has gone down in the market. At this time, without being emotional, you first look at the condition of the token, what condition it is in, and then take a decision with a cool head. 3. Avoid revisiting a coin after investing. You place a sell order with a specific target. 4. Trade according to market conditions. Don't immediately invest in someone's words. 5. Stay calm and try to control temporary emotions.
Your post is very useful for many newbies as your post clearly explains the five precautions that must be taken while trading bitcoins. Newbies will benefit a lot if they take interest in currency trading if they look at this post nicely. You have very nicely highlighted the cautions about trading through your post. Of course, all of us who trade cryptocurrencies know that the cryptocurrency market is changing very quickly. Whenever we trade, we must trade with time. When the market rises, we must not be restless, we must proceed with patience. There are many people who expect huge profits after trading in crypto currency, they may think they will become millionaires overnight. Trading crypto currency with such an attitude is more likely to result in losses.
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yudi09
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October 25, 2023, 04:21:57 PM |
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Successfully controlling emotions, the chances of success in trading are quite large. The first and most important thing in achieving success in trading is controlling emotions because emotions are part of the strategy that is most difficult to control in trading activities. Choosing coins to trade and other factors that are important in trading activities can be easily learned if traders are willing to study hard. But when it comes to emotions, not all traders are able to do it wisely.
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puloweh555
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October 25, 2023, 05:02:57 PM |
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This debate will never end about the impact of emotion on traders. This seems bad most of the time but you need to understand that we are human beings, and it is a natural thing to be emotional when something bad happens in our business or personal life. It's easier to make a money management strategy than control your emotions. Why do we focus on the hardest one most of the time!
Because managing emotions is very important in trading to achieve success, trading cannot be separated from emotions and this is normal as they say, we are only humans who cannot be separated from emotions. So for me it is important to debate about controlling emotions in trading so that our insight continues to grow and we can take many references. Managing money properly if you can't control your emotions is also useless. The money will run out overnight due to emotions and ultimately regretting it. Eq (emotional quotient) plays an important role here, so don't let bad emotions dominate you.
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TakeItEasy
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October 25, 2023, 08:42:57 PM |
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There are many people who trade on BitcoinTalk forums. Those who trade must control their emotions. If not, you will have a huge loss in trading. Why emotion is needed while trading is as follows:
1. Profitability: Profitability in the crypto market is very dynamic and variable. Traders' emotions create interest and excitement about their profits.
2. Volatility: The crypto market is volatile, i.e. prices can change rapidly. Having emotion with this position can help traders as it is important to make timely diagnosis.
Here are some ways to control these emotions:
1. Don't expect much profit. For example: You think that you will become rich by investing in a coin. 2. After you have invested in a coin, you find that for some reason it has gone down in the market. At this time, without being emotional, you first look at the condition of the token, what condition it is in, and then take a decision with a cool head. 3. Avoid revisiting a coin after investing. You place a sell order with a specific target. 4. Trade according to market conditions. Don't immediately invest in someone's words. 5. Stay calm and try to control temporary emotions.
As mostly greed kills in trading. If someone is expecting some decent payment then it would be good but expecting a huge profit from any coin, after that coin goes down then would be very hurtful for the trader who has much hope and expectation, as this should be avoided. As we didn't know the market behavior, but a time comes we can assume that something good is coming the way to Bitcoin, as the same thing happens in rare cases but there is also some hope included in that. Trading is better by doing with a full 100% clear mind and clever mind, one should not listen too many times to others he has to take a step sometimes to get on the path. Calmness would be appreciated in trading for better trading scenarios.
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Hypnosis00
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October 25, 2023, 09:44:18 PM |
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I would say, just do away with emotions when trading, trade with your head and not your heart, for we know the heart to be so tender and easily attached, the head is the dwelling place of the brain, which enables us to think, calculate and take important actions at the time that is right.
Trading with emotions may destroy the trader, it is the same thing as gambling, gambling with emption often times lead to nothing but more loses, the market is never merciful to any trader, it doesn't care how much you have lost and how emotional that have made you become, if you keep on doing the same thing, when the market demand that you do something to profit, you will keep losing trades as well as your money.
Emotions dealing is a very important thing that we need to practice as a trader. Most of us or if not, the majority has been in trouble doing this that is why hundred or thousands of traders end up losing their capital and quitting because they just let their emotions controls them. We should have practiced being like a robot, with no feelings and no emotions just to meet the requirements of trading. Emotions really have a huge impact on our decision-making and are one main reason why we fail to achieve our goals despite the thing that we are knowledgable.
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gunhell16
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October 25, 2023, 10:09:49 PM |
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5. Stay calm and try to control temporary emotions.
That's easy to say, but for most traders, it's not easy to do, especially if they're first-timers and don't have any knowledge of trading yet. Then we know that in every action we take, our emotions do not disappear. Staying calm is easy to do if the situation is not that tense, but when there is a scenario where the value of the assets you bought suddenly falls, there is a feeling that you will panic if you are not prepared for such situations. But if you are ready, you can definitely control your emotions. thats true, doesn't matter if someone is veteran, the feeling of not knowing how the future will turns out meanwhile our assets already falling is worst feeling ever it could definitely tilted us making series of bad decision coming out of our minds which results in massive loss. being calm, could only be done when we at least know that things will get better or know that something might happens with proper analysis but when the trend just suddenly changing course, its really impossible to stay calm, best course of action would be just think logically despite not calm. Correct, sometimes, even though we are aware, when suddenly there is an unexpected situation, our adrenalin suddenly reacts. You know what I mean? That's what emotions do when they are not properly controlled. Let's assume that it is inevitable that we will react unexpectedly. My point is that if that happens to us, we should calm down little by little. What happens is that we are shocked, and we develop the tension in our feelings even more, so the result will be that you will not be able to think properly. We will overreact, which will result in us doing something that we will also regret in the end.
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doomloop
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October 26, 2023, 08:34:32 AM |
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Emotion is very crucial in trading and that's what differentiates humans from bots or scripts. Whether we're winning or losing, there has to be a battle of controlling our emotion. Otherwise, it makes a mess of our psychology. While the winning part emotion brings us excitement and that feeling of "I've arrived" which makes many throw caution to the wind or the losing part that causes us anxiety and loss of confidence in our setups, both should be controlled to the nearest minimum. This is where professional and profitable traders tend to have that upper hand over amateurs. Pro-traders deaden their emotions while in trade; whether winning or losing. With that, they're able to have a clear head with things that happen on their charts while still in trade.
This why bots or scripts are created in trading so that it helps the trader to resist their emotions. Humans having an emotion is still helpful or much better than being like a robot, but that is if we are talking about outside the trading world. When we are losing, we need to calm down so that we won't do a revenge and lose evenly. If we are winning, we need to calm down as well so that these winnings won't turn into losses due to too much greed of wanting more profits. You can't compare pro traders to the amateurs. Of course they have the upper hand because they already have an experience and lots of knowledge. But maybe some of them are over-confident and it screws them badly.
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Renampun
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October 26, 2023, 09:13:08 AM |
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5. Stay calm and try to control temporary emotions.
That's easy to say, but for most traders, it's not easy to do, especially if they're first-timers and don't have any knowledge of trading yet. Then we know that in every action we take, our emotions do not disappear. Staying calm is easy to do if the situation is not that tense, but when there is a scenario where the value of the assets you bought suddenly falls, there is a feeling that you will panic if you are not prepared for such situations. But if you are ready, you can definitely control your emotions. If you are just involved in trading then it is very natural, you will panic when you see the value of the assets you own go down, but if you persist, believe me, you will get through all this comfortably. Forming mental resilience in trading takes quite a long time, it can't be done. completed in just 1 year or 2 years so that's for all beginners, you have to be patient if you want to become a professional and reliable trader, everything will never be instantaneous.
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bitterguy28
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October 26, 2023, 11:04:11 AM |
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5. Stay calm and try to control temporary emotions.
That's easy to say, but for most traders, it's not easy to do, especially if they're first-timers and don't have any knowledge of trading yet. Then we know that in every action we take, our emotions do not disappear. Staying calm is easy to do if the situation is not that tense, but when there is a scenario where the value of the assets you bought suddenly falls, there is a feeling that you will panic if you are not prepared for such situations. But if you are ready, you can definitely control your emotions. If you are just involved in trading then it is very natural, you will panic when you see the value of the assets you own go down, but if you persist, believe me, you will get through all this comfortably. Forming mental resilience in trading takes quite a long time, it can't be done. completed in just 1 year or 2 years so that's for all beginners, you have to be patient if you want to become a professional and reliable trader, everything will never be instantaneous. trading is not as easy as 123 like what others think , that they can learn trading and earn from it shortly but ending ? they just lost and then blaming this cryptomarket for their stupid attitude. some of my friends even took years before they can call themselves trader because of what they need to go through . Yet the fruits is very great because you can make multiplier but of course need to risk sometimes truly big. but always remember that trading needs no emotion but perseverance and dedication , that will bring you to gaining.
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Lakai01
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October 26, 2023, 11:42:45 AM |
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[...] Yet the fruits is very great because you can make multiplier but of course need to risk sometimes truly big.
Then you should tell your friends that the success of trades stands and falls with good risk management. If you bet on high multipliers and take very high risks, then this is no longer trading but normal gambling, your friends can then also go to the casino and bet everything on one color in roulette. To use risk management successfully, you need a lot of experience - and a large portion of understanding about your own actions and weaknesses during trading. By the way, a very good book on this subject is the following: The Ultimate Trading Risk Management Guide
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