Importance of emotion while trading

[wxa7115]

This is the most important thing in trading, learning to control your emotions. When a trader plans to start crypto trading, he must first control his emotions. For example when I first started trading I suffered losses and could not control my emotions, but later I controlled my emotions. That is why whenever a person starts his business he should control his emotions, because at any time one can face loss in business. And a trader who cannot control his own emotions will never be able to move forward in the future. In business you always have to control yourself, moreover in gambling you also have to control your emotions. All business involves risk and the person who can trade with this risk is able to control his emotions, that is why these things are most important.

Uncontrollable emotion is one factor why a trader fails. We usually think that it is easy to control it and urge people to do that but the truth is that, despite the fact that we know the consequences of it, many still get into that situation. They later realize how important it was but too sad that they experience losses and disappointment first before it happens. It is to say that many traders can't do that and it was very challenging but some do it for a reason as they are focused on their goal.

Since we know that emotions can be so detrimental then we need to think about how to deal with them effectively, and I think a way to do this is to rely on a trading strategy that tells you exactly what to do and leaves nothing up to chance.

Such a strategy will be very helpful as if for some reason you become victim of FOMO or FUD the only thing you need to do is to check it and see what you are supposed to do, however for what I can tell most traders do not like a strategy like this as it is very difficult to capture all the nuances of the market in such a rigid strategy.

[Questat]

It was always in my memory when I first tried trading and it was really disappointing and I couldn't imagine losing $100 in just a few minutes. And this is because I was too emotional at that time and confused about what I will do next. But that experience tells me how important to deal with our emotions to a level that won't affect us in making our decisions. That is why I encourage people that we don't just focus on learning trading strategies but also, we MUST learn how to control their emotions because this is the common reason for unsuccessful trades and losses.

[EarnOnVictor]

This is the most important thing in trading, learning to control your emotions. When a trader plans to start crypto trading, he must first control his emotions. For example when I first started trading I suffered losses and could not control my emotions, but later I controlled my emotions. That is why whenever a person starts his business he should control his emotions, because at any time one can face loss in business. And a trader who cannot control his own emotions will never be able to move forward in the future. In business you always have to control yourself, moreover in gambling you also have to control your emotions. All business involves risk and the person who can trade with this risk is able to control his emotions, that is why these things are most important.

Uncontrollable emotion is one factor why a trader fails. We usually think that it is easy to control it and urge people to do that but the truth is that, despite the fact that we know the consequences of it, many still get into that situation. They later realize how important it was but too sad that they experience losses and disappointment first before it happens. It is to say that many traders can't do that and it was very challenging but some do it for a reason as they are focused on their goal.

Since we know that emotions can be so detrimental then we need to think about how to deal with them effectively, and I think a way to do this is to rely on a trading strategy that tells you exactly what to do and leaves nothing up to chance.

Such a strategy will be very helpful as if for some reason you become victim of FOMO or FUD the only thing you need to do is to check it and see what you are supposed to do, however for what I can tell most traders do not like a strategy like this as it is very difficult to capture all the nuances of the market in such a rigid strategy.

If your approach should be followed, then a very important criterion which you didn't mention is for the trading strategy to be powerful, if not, it would fail. Depending on the reliability, a weak or moderate trading strategy would still trigger the emotion that you are trying to curb, and this is psychological, not practical. Mind you, trading strategy is just one of many things needed to be successful in the market, this is why I like to ensure that my whole trading system and plans are good because if the trading strategy is even good but others are bad, emotion could still be triggered.

Above all, if a trader really wants to overcome emotion which is a psychological thing, such must be very disciplined in their trading and be determined to follow the advice of their trading system and plan without alternations for any reason.

[betMaster]

I think emotions have a big impact on trading. They can influence the choices we make in the market and greatly affect our success. When engaging in trading it becomes crucial to be mindful of our emotions. I believe there's two emotions experienced during trading ;fear and greed.
Fear may lead to hesitation. As a result some opportunities can be missed. On the hand,greed can result in taking risks and making poor choices.
Being able to identify and control these emotions is necessary when making trading decisions. It is essential to recognize behavior and prevent ourselves from getting carried aw ay by impulsive decisions. Having a defined plan and commiting to it will not let emotions affect our decisions.

[Dimitri94]

I think emotions have a big impact on trading. They can influence the choices we make in the market and greatly affect our success. When engaging in trading it becomes crucial to be mindful of our emotions. I believe there's two emotions experienced during trading ;fear and greed.

Fear and greed are very common in the trading world and this is why many become emotional that must be avoided. Many times traders cannot control their emotions. Makes big mistakes during any bullish or bearish trend. When the market turns bullish, they think that their asset will play the biggest role in realizing their dreams, but in reality nothing happens. As a result traders will naturally suffer there. Investing in any coin is foolish to have high expectations. And when the market goes down for some reason, many people fear to sell their assets at low prices to minimize losses. It is also a big emotional factor. Investors must pay attention to this. He should not take any decision out of excitement in any sudden event.

[Jatiluhung]

It was always in my memory when I first tried trading and it was really disappointing and I couldn't imagine losing $100 in just a few minutes. And this is because I was too emotional at that time and confused about what I will do next. But that experience tells me how important to deal with our emotions to a level that won't affect us in making our decisions. That is why I encourage people that we don't just focus on learning trading strategies but also, we MUST learn how to control their emotions because this is the common reason for unsuccessful trades and losses.

The biggest losses in trading are mostly caused by our inability to control our emotions in trading itself. sometimes we are too FOMO and sometimes we are too greedy. I personally have also experienced loss. But not much because I was learning trading while being guided by someone who would always give me warnings. He is like a mentor to me. And from him I learned how to manage emotions in trading. And also learn about trading psychology.

And at its core it all matters. Whether it's controlling emotions or various types of analysis that we need in trading.

[Mr.right85]

We are all here to learn and that’s the most reason why I dropped in on your thread to gain a few from what you’ve got to say and with that, we could also correct or offer insights on not just the subject to the discussion but, presentation as well.
With that being said, I do hope this meets you well;

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.

I have bolded and underlined some words of interest with regards to what I’ve got to say as these are not readily acceptable in your bid to teach to a people.
While the second point having Volatile as against volatility might be acceptable, being different words and the context to it later explained, the first, being profitability as against profitability shouldn’t be. Profitability is the point being dissected here and your still, using it to explain itself doesn’t make a lot of sense.
While teaching, you use other related words to explain what point your proving and not use that word to try and prove itself. I don’t know if your understanding me but, that’s what I see here.

Meanwhile, emotions play a large role to your trading journey.
It could make you profit; Taking trades that your not 100% on but it eventually clicks in your favor.
It could make you lose on a trade; staying in a trade for too long that you ought to have, taking a trade that you shouldn’t have, going out of a trade too early and more of those.
Emotion as well could make you avoid loses; not having to take a trade at all because your scared and not sure of it and then, it turns out to be a best decision.

[harapan]

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.

A trader who is in charge has power and is king. He who has self control can achieve what those who let emotions run them down can not achieve.
Whatever profits seen don't expect too much because of greed. The collection of profits is really underrated by too much traders that they eventually end up losing it all.
And if you lose the trade that day or moment, fail to dwell on your lose and forge ahead. What should not be repeated is not taking profits and learning from your previous failures.

[TelolettOm]

I think emotions have a big impact on trading. They can influence the choices we make in the market and greatly affect our success. When engaging in trading it becomes crucial to be mindful of our emotions. I believe there's two emotions experienced during trading ;fear and greed.

Yes, I agree. In this case, the influence of emotions on trading results will be quite high. Even though we have tried to analyze very well and apply the right strategy, if it turns out that we have not been able to control our emotions well and wisely, then we will easily be lured by market conditions that change easily. As a result, the strategy we have designed will fall apart. especially if these emotions make us panic, well, it might be easier for us to act or make decisions when we panic, without careful consideration.

From here, the importance of being able to manage emotions well. all of this still requires learning and practice. However, sometimes we have to encounter various things first before we can really start to manage and control our emotions well.

[Pamadar]

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.

A trader who is in charge has power and is king. He who has self control can achieve what those who let emotions run them down can not achieve.
Whatever profits seen don't expect too much because of greed. The collection of profits is really underrated by too much traders that they eventually end up losing it all.
And if you lose the trade that day or moment, fail to dwell on your lose and forge ahead. What should not be repeated is not taking profits and learning from your previous failures.

You should always learn from whatever the outcomes of your trading session, not letting yourself to get something
out from your previous trades, will keep you being blind with what you wanted to achieve.

It's very important to have that target and keep the knowledge that you can continuously be achieved, stop all those wrong interpretations
and allow yourself to keep improving your trading skills.

[terrific]

You should always learn from whatever the outcomes of your trading session, not letting yourself to get something
out from your previous trades, will keep you being blind with what you wanted to achieve.

It's very important to have that target and keep the knowledge that you can continuously be achieved, stop all those wrong interpretations
and allow yourself to keep improving your trading skills.

That's right, extract the learnings that you get from your trades. Either win or lose, that's like the best that you can do with the results that you have.
It is important for you to get something out of your losses and that's the learning that you can get with your previous trades.
In light with that, you can apply that to your next trades so that you'll be able to get better chance of winning instead of more losses.

[God bless u]

I know one cannot hide his feelings and thoughts comes every time according to the situations like if market goes down then we will be worried about our investment. If we choose a stable coins or a coin for which chances of disappearing are less then we will not be in fear of losing money so in such situations we can overcome our aggressive, greedy and impatience types of emotions. In initial stage of entering into crypto space you will be acknowledged about the volatility so if you become in stress then remember that this bear is just for few days or months and the situations will become better again so in such thoughts you will have control on your emotions.

If you don't hide your feelings then these feelings will hide the ability of your brain to make a good or bad decision therefore you will always be engaged in negative thoughts related to your money. I think one should be aware of bear market so when market reduces in price then keep calm and don't make any decision that can move your profit into loss. Also choose coin which just reduces during bear market but do not disappear completely like that of bitcoin.

[Finestream]

This is the most important thing in trading, learning to control your emotions. When a trader plans to start crypto trading, he must first control his emotions. For example when I first started trading I suffered losses and could not control my emotions, but later I controlled my emotions. That is why whenever a person starts his business he should control his emotions, because at any time one can face loss in business. And a trader who cannot control his own emotions will never be able to move forward in the future. In business you always have to control yourself, moreover in gambling you also have to control your emotions. All business involves risk and the person who can trade with this risk is able to control his emotions, that is why these things are most important.

Uncontrollable emotion is one factor why a trader fails. We usually think that it is easy to control it and urge people to do that but the truth is that, despite the fact that we know the consequences of it, many still get into that situation. They later realize how important it was but too sad that they experience losses and disappointment first before it happens. It is to say that many traders can't do that and it was very challenging but some do it for a reason as they are focused on their goal.

Emotions have become a big factor in trading. If you have unstable emotions, then most likely your decision to trade is not actually the best thing to do. You could have trade and end up with huge losses, that is because you forced to enter trading when your emotions are not yet ready. A lot of traders are doing this not because they don't know how to trade, but because they want to hit their goal in an instant. And we all know that trading does not work like that. You will only succeed in trading once you have secured your emotions and your focus and attention is only on your trades, not on the profits behind those trades.

Controlling your emotions is really hard. But the fact that a lot have been successful in their trading career, then its a clear proof that controlling your emotions is still possible despite of how hard the process is.

[Bitcoinpoly]

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 feel the fact that human being attach emotion to their analysis is why most times technical analysis done by a bot might be more better than that of an human. Over time the bot trading has been making wave and attracting users attention due to the good performance. Most users who traded with Bitget bot trading has been giving good reviews and tends to prefer bot to human analysis.

[gabbie2010]

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.

Honestly expecting too much profit after the price had moved in your favor would ended up losing the trade this is from personal experience when I was still a newbie I never considered the volatility of the price of the pair I was trading but now once I am profit I swiftly exit the trade though this is based on my experience in crypto trading as for investing in crypto the main coin I invested on is Bitcoin thus I never bother when the market sentiment is bearish because definitely a period of bullish season would surface that is the only crypto that would make me remain calm and without any fear after a through research on it past price behavior and Price Action

[chmod755]

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:

Emotions literally control the markets.

Sentiment = Feeling good/bad about an asset.

Yeah, it's best to try and control your own feelings. Don't trade when you're happy or depressed. You need to be calm and focused.

[sana54210]

Emotions have become a big factor in trading. If you have unstable emotions, then most likely your decision to trade is not actually the best thing to do. You could have trade and end up with huge losses, that is because you forced to enter trading when your emotions are not yet ready. A lot of traders are doing this not because they don't know how to trade, but because they want to hit their goal in an instant. And we all know that trading does not work like that. You will only succeed in trading once you have secured your emotions and your focus and attention is only on your trades, not on the profits behind those trades.

Controlling your emotions is really hard. But the fact that a lot have been successful in their trading career, then its a clear proof that controlling your emotions is still possible despite of how hard the process is.

Unfortunately there are way too many people who trade with unstable emotions and then they do end up blaming the method, or bitcoin itself for their mistakes. The worst thing a person can do is not realizing the mistake they made and blame others for their misery, accepting your own fault at your own mistakes is the first step at becoming better and unfortunately not many people do that, it should be noted that it can't be sustained and they will make more and more mistakes and lose a lot more money with time if they are not careful.

This is why it is a lot better if they could just focus on what they can do better, and what they have done wrong, it would definitely benefit everyone and give them a greater return for sure.

[stomachgrowls]

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.

A trader who is in charge has power and is king. He who has self control can achieve what those who let emotions run them down can not achieve.
Whatever profits seen don't expect too much because of greed. The collection of profits is really underrated by too much traders that they eventually end up losing it all.
And if you lose the trade that day or moment, fail to dwell on your lose and forge ahead. What should not be repeated is not taking profits and learning from your previous failures.

You should always learn from whatever the outcomes of your trading session, not letting yourself to get something
out from your previous trades, will keep you being blind with what you wanted to achieve.

It's very important to have that target and keep the knowledge that you can continuously be achieved, stop all those wrong interpretations
and allow yourself to keep improving your trading skills.

You should really be that making yourself that adaptive or something that do talks about being versatile when it comes to various situations on which on the time that you would really be that encountering new things and able to commit out mistakes, then it would really be that impossible for someone not to be able to notice it out and learn something from it. We know that experience is the best teacher and on the time that you are really that indeed experiencing some mistakes or errors then it would really be just that normal for a human to make out such adjustments on next time that you would really be able encounter it. It is really just that a matter
on how a certain individual would really be making out adjustments. We know that emotions is the greatest factor that could really affect someones trades or whatever they've been dealing with, we are just simply humans and having that those common emotions basing up on the situation or condition that you are really that experiencing.

If you do lack knowledge and experience then for sure the reaction would really be somehting that would really be off or would really be resulting into further damage or something that simply talks about mistake.
Overtime, as you do get going then you would really be able to eventually to make out adjustments if needed.

[fullhdpixel]

It was always in my memory when I first tried trading and it was really disappointing and I couldn't imagine losing $100 in just a few minutes. And this is because I was too emotional at that time and confused about what I will do next. But that experience tells me how important to deal with our emotions to a level that won't affect us in making our decisions. That is why I encourage people that we don't just focus on learning trading strategies but also, we MUST learn how to control their emotions because this is the common reason for unsuccessful trades and losses.

It's all about learning from your experiences that make you better at what you are doing. If you make a mistake and learn from it, the mistake isn't wasted and whatever you've lost is the cost for you to learn something useful, but when you make the same mistake again, it means that you have lost the money and also didn't learn anything from it and that is a bigger loss, in my opinion. So, those who make mistakes, learn, and grow, tend to be successful one day.

A lot of newbie traders make such mistakes, they get emotional and make decisions that cause them losses, some of them get disheartened and leave trading forever, and others will try harder and learn from their mistakes and stick to gaining more knowledge and experience over time, and those are the people who will become effective traders in the future.

[Ben Barubal]

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 a trader here in the crypto field, our aim is to make a profit. Now, if you don't have enough ideas here, we can still make a profit while we're still studying it, and we can do something like this by buying and holding it long-term, not short-term.

  It is important that we gain knowledge about trading before we jump into the so-called day trading activity. In this way, we can help ourselves become responsible traders if we can also make proper use of our emotions in reality.