Antotena
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August 09, 2024, 08:38:36 PM |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
Why am I not understanding your subject and the content you are talking about. Your subject says how does traders or people feel when they are feeling down and then yiu went ahead to discuss effect of future trading and some some countries banning it and newbies scaref of it. Next time, you title should discuss what you are saying and not opposite of each other for good context and understanding. Not everyone is a fan of future trading neither do I also like it but there are people that does love it, they spend time gambling on it and make their money but I wouldn't advice anyone to do it. However, if you are good at it, then ride on and take that profit and any day you loss, just remember the days you won some good trade from it and how you never wanted to give up. This is what you should do when you are down due to some losses you encountered in trading.
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Fara Chan
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August 10, 2024, 07:37:46 AM |
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In trading, emotions play an extremely important role and will even determine whether we win or lose. Therefore, if the spirit is not good, we should stop all activities related to trading to avoid making wrong decisions that lead to heavy losses . The market operates 24/7 and is non-stop so opportunities are always there, we don't need to rush to trade when we are in a bad mood .
A more comfortable mood will always have more influence on the decisions we will make at one time and also at another time because in trading it is highly discouraged to make every decision in a hurry in any situation. And from what you said, this can actually be an important reflection for newbie traders who often make decisions in a hurry without any consideration of their own heart condition which may not be okay. Trading and gambling are two things I choose to stay away from when I feel depressed because I am aware that making even a small mistake will cost me a lot . We should only trade when we are in the best and most comfortable mood because then we will bring the best results .
Even if we do not get better results in a more comfortable state of mind, at least we will not be reckless enough to make other decisions so that we can still achieve a sense of relaxation and a calm soul even though the results may not be optimal. Because whatever we do with a sense of comfort and a better level of awareness will not result in anything worse than the actions we take ourselves. So that it can also be an additional key for every trader besides certain knowledge and experience in trading.
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doomloop
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August 10, 2024, 10:48:19 AM |
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The rewards that you are referring to are nothing compared to the actual deposits you made. You just need to believe in yourself, that’s all. If you are good at studying the market and analyzing the patterns, then go for it. Otherwise, if you copy calls and trades, then also go for it. If nothing is possible and you want to use your experience of the crypto world to trade, then it's also a better option. You just need to start anyhow. At the initial days, all make losses, and sometimes heavy losses, but guess what we learn from the losses and try to avoid from the next time onwards. I hope you will get this, dude.
When a trader is feeling down because of excessive losses, the best course of action for them is first to take some rest from trading, this doesn't mean they shouldn't look at the market, but they shouldn't make any trades. After that, they should evaluate their past trades and try to find the mistakes they have made. The best traders are the ones who find and rectify their mistakes so that they don't make the same mistakes again in the future. After some time, when the trader realizes the mistakes and has evaluated everything, they should have more confidence than before because they would now understand what they shouldn't do. Trying different strategies can also be a good option because sometimes some strategies don't work for certain people.
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Pandu Geddon
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 10, 2024, 12:07:49 PM |
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Even if we do not get better results in a more comfortable state of mind, at least we will not be reckless enough to make other decisions so that we can still achieve a sense of relaxation and a calm soul even though the results may not be optimal. Because whatever we do with a sense of comfort and a better level of awareness will not result in anything worse than the actions we take ourselves. So that it can also be an additional key for every trader besides certain knowledge and experience in trading.
you are right, the calm state of one's soul and mind actually affects how people make decisions. may not really affect the results, but will affect the effects of the results obtained. like when we get a loss in trading. if your situation is not good, the results of the defeat can actually be worse with emotions that may be uncontrolled. do everything, not just trading with a calmer mind. it will make the atmosphere better.
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Lanatsa
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 10, 2024, 05:58:32 PM |
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The rewards that you are referring to are nothing compared to the actual deposits you made. You just need to believe in yourself, that’s all. If you are good at studying the market and analyzing the patterns, then go for it. Otherwise, if you copy calls and trades, then also go for it. If nothing is possible and you want to use your experience of the crypto world to trade, then it's also a better option. You just need to start anyhow. At the initial days, all make losses, and sometimes heavy losses, but guess what we learn from the losses and try to avoid from the next time onwards. I hope you will get this, dude.
When a trader is feeling down because of excessive losses, the best course of action for them is first to take some rest from trading, this doesn't mean they shouldn't look at the market, but they shouldn't make any trades. After that, they should evaluate their past trades and try to find the mistakes they have made. The best traders are the ones who find and rectify their mistakes so that they don't make the same mistakes again in the future. After some time, when the trader realizes the mistakes and has evaluated everything, they should have more confidence than before because they would now understand what they shouldn't do. Trying different strategies can also be a good option because sometimes some strategies don't work for certain people. •Call it a day •Make yourself that get distracted by other things •Having a break and make those chores same as mentioned above If you are really that wanting to check on what happened. • See on what went wrong whether the market had fucked you up or simply your analysis or tools didnt match out? • Trying out to adjust and trying out to learn on what are the things that you should really be doing on next time. Speaking about not to quit. •Loses are part of trading so it would be just that normal that you would be committing those things but of course you shouldnt really be that tolerating it out. Always lessen the risks as much as possible because we do know that this would really be that a huge disadvantage. • Mistakes are stepping stones for you to become a better trader so accept on whatever you are currently experiencing. In overall, we do know that each person will really be that different approach when it comes to things on which there would really be those individuals who would really be that easily gives up because of being that too much impulsive and there are ones who couldnt really be able to easily give up and would pursue on dealing up with things accordingly.
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GiftedMAN
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 10, 2024, 09:56:50 PM |
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Even if we do not get better results in a more comfortable state of mind, at least we will not be reckless enough to make other decisions so that we can still achieve a sense of relaxation and a calm soul even though the results may not be optimal. Because whatever we do with a sense of comfort and a better level of awareness will not result in anything worse than the actions we take ourselves. So that it can also be an additional key for every trader besides certain knowledge and experience in trading.
, you are right, the calm state of one's soul and mind actually affects how people make decisions. may not really affect the results, but will affect the effects of the results obtained. like when we get a loss in trading. if your situation is not good, the results of the defeat can actually be worse with emotions that may be uncontrolled. do everything, not just trading with a calmer mind. it will make the atmosphere better. I think the state of mind of every trader affects his decision, results and it contributes to his chances of getting profits or losses in trading, you may wonder why I say this but every good trader will attest that having a mixed emotions can contribute to the trader finding it difficult to use good strategies but when one is in good state of mind he can make good decisions which may yield more profit to him. This is the reason why traders are encouraged to avoid using emotions while trading, you may be in a good mood to trade which is ok but being in a bad state of mind will definitely affect the traders strategies because he will be too slow to take a good decision.
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Mr.sprin
Full Member
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PredX - AI-Powered Prediction Market
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August 11, 2024, 01:36:08 PM |
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I think the state of mind of every trader affects his decision, results and it contributes to his chances of getting profits or losses in trading, you may wonder why I say this but every good trader will attest that having a mixed emotions can contribute to the trader finding it difficult to use good strategies but when one is in good state of mind he can make good decisions which may yield more profit to him.
This is the reason why traders are encouraged to avoid using emotions while trading, you may be in a good mood to trade which is ok but being in a bad state of mind will definitely affect the traders strategies because he will be too slow to take a good decision.
That's right bro, I agree with what you said, a clear mind will make your income clear too, when our minds are confused then avoid trading because it will cause losses for ourselves because we can't think clearly and our thoughts are divided, which will make us wrong. take steps that will make ourselves even more down and confused, so first calm your mind and then do trading safely and we can think about it for a long time, a healthy mind really influences our trading results because we have to think a lot about trading when making wrong decisions This will cause a high risk that our emotions will no longer be able to be controlled properly.
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Silberman
Legendary
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August 11, 2024, 04:33:24 PM |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
Why do you want to do something you feel no confidence at all and that deep down you know you cannot do well? The solution to your problems is not a set of incentives created by exchanges, the solution is to not engage in futures trading or in any form of trading at all, as I can tell you that just by the way you worded your post, that you have no chance at all to profit from the markets and you will just give your money away to the whales and other traders if you do so.
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Dr.Bitcoin_Strange
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August 12, 2024, 08:44:06 AM |
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Trading is risky, and before you decide to go into trading, you have to accept the risk of either making a profit or losing your money due to market volatility.
If you are going into cryptocurrency, then the first thing you should know is the volatility. You know there is risk involved in it. That’s why you are supposed to invest or trade with any amount that you know you can afford to lose. Anything can happen at any moment, so you have to be prepared for it. The only frequent event that some exchanges open to future traders is a deposit bonus, in which you will be given some bonus (it could be $5–$20) to trade with. If you want to start trading, make sure to learn first on the demo account and have a good idea before investing real money.
The best thing is to just acquire more knowledge about future trading before joining. Make sure you try it out with a demo account, you have nothing to lose when making use of a demo account, and when you switch to a main account, make sure you start with a small amount of money and be prepared to lose. You can’t be a trader, and you won’t be losing. I don’t really think that’s possible. That’s why when trading, always manage your risk. Yea, you are right. Some newbies are usually advised to only invest a little amount in trading and apply risk management too that can prevent them from losing all their capital at once. For example if the newbie has a balance of $100 in their trading account, they should only enter a position with nothing more than 5% or 10% of their capital so that if the market becomes so volatile, it will not liquidate all their total balance.
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Yeesha
Newbie
Online
Activity: 15
Merit: 0
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August 14, 2024, 06:37:51 AM |
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If you can't keep your emotions out of trading, it's best to de-prioritize trading and focus on long-term investments. Trading is about minimizing losses and maximizing profits. If losses are part of what happens when you trade, it's best to learn how to minimize their negative impact.
Exactly, before you start trading you need to put your emotion aside or else it if affect your trading, be aware that you will gain and you will also lose. but you have to learn more on trading and have enough knowledge on it, by the time you understand anything concerning trade, than you will be able to control your marketing, and know how to minimize the frequently lost, with this you will become a better trader
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Oilacris
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August 14, 2024, 06:43:04 PM |
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Trading is risky, and before you decide to go into trading, you have to accept the risk of either making a profit or losing your money due to market volatility.
If you are going into cryptocurrency, then the first thing you should know is the volatility. You know there is risk involved in it. That’s why you are supposed to invest or trade with any amount that you know you can afford to lose. Anything can happen at any moment, so you have to be prepared for it. The only frequent event that some exchanges open to future traders is a deposit bonus, in which you will be given some bonus (it could be $5–$20) to trade with. If you want to start trading, make sure to learn first on the demo account and have a good idea before investing real money.
The best thing is to just acquire more knowledge about future trading before joining. Make sure you try it out with a demo account, you have nothing to lose when making use of a demo account, and when you switch to a main account, make sure you start with a small amount of money and be prepared to lose. You can’t be a trader, and you won’t be losing. I don’t really think that’s possible. That’s why when trading, always manage your risk. Yea, you are right. Some newbies are usually advised to only invest a little amount in trading and apply risk management too that can prevent them from losing all their capital at once. For example if the newbie has a balance of $100 in their trading account, they should only enter a position with nothing more than 5% or 10% of their capital so that if the market becomes so volatile, it will not liquidate all their total balance. A must thing to be done but as a noob then you would really be definitely be doing the different stuff because you would really be that getting bored on having those small amount of risks that you would really be taking because you would really be just that earning something little. On the moment that you would be having this kind of feeling then you wont really be that making yourself that getting contented and this is why you would really be ending up into those decisions that you should really be risking out even more. This is really something a very common newbie mistake. On the moment that you would really be experiencing those unfortunate conditions then this is the moment that you would really be able to tell into yourself that you are really that definitely doing the wrong thing. You must have set out that specific risks management percentage on every trades that you would really be making. Real experience would be your best teacher most of the time. This is why it would really be that important that you should really know on what you are dealing on with and act realistically all the time.
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yudi09
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August 14, 2024, 07:09:21 PM |
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How do you Keep up with trading when you are feeling down?
I cannot do the futures trading because the type of trade is not me not a field that I master well. Let alone when the situation I was feeling down, when the normal conditions were still not 100% I control the futures trading strategy. Trading is an action that is at risk of losing money if you do not understand well or not the field that is mastered. Too complicated for traders who have never tried futures trading. I say this if I can understand well about what you mean.
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