Trading and emotional control

[pusaka]

Why is Emotional control one of the most difficult things to do while trading!
I'm not really an expert in trading and I know little but a good knowledge about trading, but one of the things that seems too difficult too control is our emotions when trading.

Emotional control seems hard because we don't trade like professionals but we trade like we're just giving it a try and aren't 100% positive about the decisions we take. You're supposed to know that you aren't meant to be trading with emotions neither should you think that you have understood trading perfectly that you can't make a mistake. After trading and you get a positive outcome, you don't have to allow your emotions to control you by making you think you can do it again and this time, you'll raise the stake by adding more capital and think that you can make more profits. That's you being greedy and when traders start thinking like this they don't have a profits from that trade but end up getting losses either because they lost in the trade as they predicted incorrectly or they got scared and left the market early.

When trading, then at that time there will be feelings that conflict with each other and that causes something that can eventually trigger emotions to grow. Feelings of fear, feelings of wanting to get big profits and other feelings will be at war in our minds. Well, if we are not ready for feelings or thoughts like that, then emotions will grow so that it will affect our mentality too. Like it or not, this is indeed related to each other, and we actually have to be able to control everything. If we can only control one of all that I mentioned, even I haven't mentioned all of them, then that will also be a problem in the trading that we do. So in this case we are required to understand it thoroughly.

[CageMabok]

Why is Emotional control one of the most difficult things to do while trading!
I'm not really an expert in trading and I know little but a good knowledge about trading, but one of the things that seems too difficult too control is our emotions when trading.
Each time I make profit, I feel like it's all due to my expertise but if I apply the same strategy I also might end up loosing and sometimes I do get carried away and begin to trade with luck and then end up liquidating my funds.
Please how can I go about this , and what technique or strategy seems to be best for trading?

In terms of trading, you just need to not rush, either in buying it or in selling it again unless you already know that the market conditions will soon reverse direction. Because any emotion usually arises from rushing without any consideration so that you can lose after seeing the profit. In fact, if you take the existing profit, you still have the opportunity to buy back at a lower price when the correction arrives or you can move to another coin for a while because in terms of trading you don't have to focus too much on just one coin.

[michellee]

It is right that emotional control is difficult that makes us to keep learning to have better control. You should control yourself whether you are make a profit or lose in trading so you don't think that is because your skills only. If you can calm down yourself, you will not feel that you have a high skills in trading so you can make a profit.

Trading needs to use different strategies based on what happen to the market. If you don't know what strategy you can use, you must learn it and understand so you can apply different strategy on the different situation. I am not sure that you can use other people strategies because you will have different things than the other traders. So you must find your own strategies that will works for your trade.

[martinex]

Trading needs to use different strategies based on what happen to the market. If you don't know what strategy you can use, you must learn it and understand so you can apply different strategy on the different situation. I am not sure that you can use other people strategies because you will have different things than the other traders. So you must find your own strategies that will works for your trade.

Even though someone adopts someone else's strategy I think it's not wrong if it's right and works well but admittedly they won't teach until the end about the art of managing it because they have gone through it with great difficulty where the cost and time are quite a lot out At most only general points will be taught. Even if it is very specific in the end it will also be paid to break even. at least we find someone calmly watching their assets fall almost 80% if there are only a few that are already proficient.

[Natalim]

Your statement only proves that emotions in trading can never be reliable at all, so the best solution here is trade using your knowledge and experience. Don't let your emotions drive your trading activity, but stay away from getting emotional as much as you can. That way, regardless if you win or lose, you will never chase for it because trading is not all about luck, but from knowledge and experience that will let you trade using informed decisions and positive attitude when trading.

[Ricardo11]

Your statement only proves that emotions in trading can never be reliable at all, so the best solution here is trade using your knowledge and experience. Don't let your emotions drive your trading activity, but stay away from getting emotional as much as you can. That way, regardless if you win or lose, you will never chase for it because trading is not all about luck, but from knowledge and experience that will let you trade using informed decisions and positive attitude when trading.

A trader should never be emotional in trading, trading decisions should be made based on knowledge, skills and experience, there are many new traders who get emotional after a small loss and make wrong decisions, which often leads them to bigger losses.
To achieve success in trading, a new trader first fo all must learn trading completely, everyone will lose in trading in the first place, but if you don't pay much attention to the loss at that time, if you see each trade as an opportunity to learn, then the chances of success in the long run are much higher. You never lose, but when you lose, you learn more, you have to have this kind of attitude. The most important thing is to maintain patience and a positive mindset in trading. And always learn, then success will come.

[Huliya]

Why is Emotional control one of the most difficult things to do while trading!
I'm not really an expert in trading and I know little but a good knowledge about trading, but one of the things that seems too difficult too control is our emotions when trading.
Each time I make profit, I feel like it's all due to my expertise but if I apply the same strategy I also might end up loosing and sometimes I do get carried away and begin to trade with luck and then end up liquidating my funds.
Please how can I go about this , and what technique or strategy seems to be best for trading?

What you say is absolutely true and I understand your concern about how to control the influence of emotions in trading. In fact, trading is a mental game and it is very difficult to control the influence of emotions, especially when making a profit or loss. But by implementing some strategies, you can overcome this problem.

Create a clear trading plan. Include your entry point, exit point, stop loss and take profit point. Creating a plan will help you control your emotions.

It is very important to be able to control your emotions while trading. When you make a profit or a loss, you should never be too happy or too disappointed. Try to maintain peace of mind. Be patient and never make a "fatal mistake" (i.e. taking more risks after losing money).

It is very important to follow a risk management strategy carefully while trading to avoid unexpected effects on your capital. Never make decisions based on emotions again. You need to learn to be patient even if it is difficult. It is a process that is learned by experience. The outcome of each trade or transaction depends on your overall strategy and consistency. If you stick to your strategy and can analyze your failures and learn from them, then you will be successful in the long run.

After all, trading is a learning process and you can learn something from each trade to improve further.

[Dr.Bitcoin_Strange]

Please how can I go about this , and what technique or strategy seems to be best for trading?

I this case that you have explained, technique and strategy is not the problem you are facing, the problem is your psychology. If you can learn how not to get carried away by allowing your emotions to take the deepest part of you when you are trading, then you will see yourself become profitable. Write yourself a trading rules and guidelines and make sure you remain discipline to practice those rules any time you are trading. Don't go against those rule because if you do, you are not sticking to your principles but you are following your emotions. 
Secondly, the financial market is not your place alone and as a retail trader, your capital can not move the market, so learn to take profit little by little and also learn to accept your losses, learn from it and move on.

[betswift]

Your statement only proves that emotions in trading can never be reliable at all, so the best solution here is trade using your knowledge and experience. Don't let your emotions drive your trading activity, but stay away from getting emotional as much as you can. That way, regardless if you win or lose, you will never chase for it because trading is not all about luck, but from knowledge and experience that will let you trade using informed decisions and positive attitude when trading.

Your gut will lead only to something bad in the long run, the market punishes such behavior heavily.
I do agree with you - only the facts and metrics are certain. And only they can be used as such.

[Questat]

Human beings are born with emotions so it's already part of our daily life activities whether you like it or not. Since it's impossible to eradicate our feelings, then at least we should try to control them for the sake of trading. Still, you can trade with emotions but never get carried with them. Instead, minimize the emotions involved so you can maximize your future profit potentials when trading.

[RockBell]

It is right that emotional control is difficult that makes us to keep learning to have better control. You should control yourself whether you are make a profit or lose in trading so you don't think that is because your skills only. If you can calm down yourself, you will not feel that you have a high skills in trading so you can make a profit.

This is like part of what of what a lot of people have been facing because is one emotional battle or the other it's either there secared and then sell or they are to greedy and they want to make impossible things happen and crypto involve a lot of risk but they don't even care about the risk and all we need is actually very few and we just need a little energy, and been calm is a not everyone that is calm and some people are just very eager to make quick money and crypto is not like that, you just have to take your own time for you to make money.

Trading needs to use different strategies based on what happen to the market. If you don't know what strategy you can use, you must learn it and understand so you can apply different strategy on the different situation. I am not sure that you can use other people strategies because you will have different things than the other traders. So you must find your own strategies that will works for your trade.

Trading needs a lot of strategy and some have to be self developed because you won't be able to continue relying on the book amd there some things that you will learn from experience but people will trading is that easy but over time and continuous learning you improve and this is like one of the best ways to even learn when you consistently doing the same thing.

[Rruchi man]

Why is Emotional control one of the most difficult things to do while trading!

This is because the mastery of your emotion is a very tricky game; it is not a one-time action but an action that has to be constant because one emotion can mask itself as another and you may be misled by it For example, you may be very excited and make a trading decision out of emotional control, and out of your excitement, you mistake the feeling to be that you are making a correct analysis. The feeling of overexcitement masked itself as brilliance, and you were fooled. The bad thing with each lesson in the need for you to control your emotions is that it is always a loss.

[michellee]

Even though someone adopts someone else's strategy I think it's not wrong if it's right and works well but admittedly they won't teach until the end about the art of managing it because they have gone through it with great difficulty where the cost and time are quite a lot out At most only general points will be taught. Even if it is very specific in the end it will also be paid to break even. at least we find someone calmly watching their assets fall almost 80% if there are only a few that are already proficient.

If you adopts someone else's strategy, you need to know that strategy will not always work for you. You need to modify for a bit and check if that can work or you can create a new strategy based on that so that will work as your situation.

If you want to success from trading, you must have skill by learning many sources and not just adopt other people's strategy. That is because the market situation will always change and you need to analyze more to find the best strategy that you can use based on the market situation. If you use others strategy, you will not know how he analyze because you only use and see what will happen.

But if you create you own strategy, you can know all things in that strategy so when the market changes, you can adjust your strategy and work based on the current situation. But if you still want to adopt others strategy, that will be up to you but you need to realize the risks.

[2Pizza410000BTC]

Why is Emotional control one of the most difficult things to do while trading!
I'm not really an expert in trading and I know little but a good knowledge about trading, but one of the things that seems too difficult too control is our emotions when trading.
Each time I make profit, I feel like it's all due to my expertise but if I apply the same strategy I also might end up loosing and sometimes I do get carried away and begin to trade with luck and then end up liquidating my funds.
Please how can I go about this , and what technique or strategy seems to be best for trading?

The best strategy for trading is to control emotions, be patient, and avoid excessive greed. If a trader can master these few strategies well on the trading platform, then a trader can be successful on the trading platform. However, any trader should remember that the trading platform is not an easy way to make money. The trading platform is a very risky platform for making money. If a trader cannot control his emotions on the trading platform, if he cannot be patient and cannot avoid excessive greed, then he will not be able to succeed on the trading platform and he will lose his money very quickly. In fact, since we are not very experienced in the trading platform and cannot follow various strategies properly, we often lose our money on the trading platform.

[Popkon6]

Please how can I go about this , and what technique or strategy seems to be best for trading?

Many people use many strategies in trading, but at the beginning of trading, you must learn to control yourself. For example, you have to avoid greed because you can only hold on to as much benefit as you can comfortably afford, whenever you hold your trade for a long time in the hope of gaining more benefit, you can immediately face losses.
Because the market does not always continue with the same attitude for a long time, it is always changing, so learn to control yourself in the right way. However, I cannot trust all coins, there are some trusted coins, if you trade on these, then you can definitely get good benefits by trading on Bitcoin.

[justdimin]

Trading needs to use different strategies based on what happen to the market. If you don't know what strategy you can use, you must learn it and understand so you can apply different strategy on the different situation. I am not sure that you can use other people strategies because you will have different things than the other traders. So you must find your own strategies that will works for your trade.

Even though someone adopts someone else's strategy I think it's not wrong if it's right and works well but admittedly they won't teach until the end about the art of managing it because they have gone through it with great difficulty where the cost and time are quite a lot out At most only general points will be taught. Even if it is very specific in the end it will also be paid to break even. at least we find someone calmly watching their assets fall almost 80% if there are only a few that are already proficient.

I am sure there are people who are willing to share what they learned for free so that they could help a lot of other people as well, not everyone wants money or respect or whatever else, some just do it because they are good people. I am not really sticking to intentions when I do not follow others, I do not follow others because what works for them may not work for me and that's the end of it, nothing else. People who want money or respect or fame or follows if nothing else, or people who do not want any of them, neither seem like they will have the key to me getting wealthy.

I can't just imagine a scenario where some dude will write to me the key to getting rich, they will write me on PM what to do, and I will do what they tell me to do, and in return what I do will get me richer and richer. That just doesn't exist in this world, nothing like that could happen and that's what I try to avoid as much as I possibly could, that's how it moves for me.

[CageMabok]

Even though someone adopts someone else's strategy I think it's not wrong if it's right and works well but admittedly they won't teach until the end about the art of managing it because they have gone through it with great difficulty where the cost and time are quite a lot out At most only general points will be taught. Even if it is very specific in the end it will also be paid to break even. at least we find someone calmly watching their assets fall almost 80% if there are only a few that are already proficient.

Every strategy from other people still needs a little polish that we can adjust to our own tastes, but for this discussion I think you only need to analyze the level of someone's emotions in trading and if you need guidance from others about it. Of course, what you have to pay attention to is the value of the time he devotes to teaching you in this matter so that you yourself should not consider this time as something free because usually smart people in certain matters still really value their time when teaching others.

[Zigabel]

One of the best ways to keep your emotions in check while gambling is to make sure to have a risk and money management strategy,  I believe when once you are able to always define your risk, you get to have your emotions in place, if you know that in a situation whereby the trade goes against you, you only get to loose a certain amount,  literally you will have almost no needed to panic or fear because you know it's an amouthat isn't really significant to your account enough to get you liquidating. Secondly would be if you are able to define your risk, you can be able to control the amount you get to loose at a time and so you stay relaxed knowing this is the amount you have decided to let go of at a time and you knaoif the trade goes in your favour you will be able to stay profitable enough.

[Jody.Drummer]

It is a natural thing for someone to feel when trading, especially for those who have not been trading for long. When they profit, they usually assume that they are very good at trading, and I also felt that when I first entered or got to know crypto and the world of trading. However, when we experience losses, our confidence decreases and sometimes we think that previous profits were due to luck. The challenge is that we must also be able to eliminate arrogance when we make a profit and eliminate pessimism when we make a loss. Although it is a natural thing, we must try to eliminate it, because it is also a little annoying in my opinion.

[JunaidAzizi]

It is a natural thing for someone to feel when trading, especially for those who have not been trading for long. When they profit, they usually assume that they are very good at trading, and I also felt that when I first entered or got to know crypto and the world of trading. However, when we experience losses, our confidence decreases and sometimes we think that previous profits were due to luck. The challenge is that we must also be able to eliminate arrogance when we make a profit and eliminate pessimism when we make a loss. Although it is a natural thing, we must try to eliminate it, because it is also a little annoying in my opinion.

It's not just a little annoying but a huge incomplete behavior commonly seen in newbies who just enter the market and start their earning. They are not earning based on their knowledge and experience but on luck, and when they face losses, they become disheartened and say that trading is a fraud. Trading itself is not a fraud, but the way they engage in trading can be fraudulent. This mentality can be changed by one thing, facing reality and making a good trading plan that clearly outlines how much they will earn and lose, their entry and exit points, and how much time they can dedicate to it in a day. If they can discipline themselves, they will really get rid of this issue.