Trading and emotional control

[Mame89]

Controlling your emotions is one of the things you need to put into practice in trading because it is not possible for all your outcome in trading to be win, sometimes trading can end up as lose because for sure the trading market is all about lose and gains. It is very difficult for traders to control emotions when money used in trading is what can't be afford. Trader's can be so emotional too when they have no idea of when to stop trading. Emotions can be well controlled when traders tries their best to get understanding of trading. Emotions will always be their when traders are not going the right ways in trading.

However, being able to control emotions will bring us to success, especially in trading that is full of risk, of course controlling emotions is the main factor in getting consistent profits. Even though you have many strategies in trading, whatever your strategy, there is no right or wrong in trading. All just one, how we can control emotions, this is a fact. Try using any strategy without controlling emotions, surely later when you lose you will blame the strategy and look for another strategy.

Trading looks easy but the problem in practice is difficult. Moreover, if you are unable to control your emotions, using any technique or method will all be in vain. That is why in trading you must have a personality that is able to be patient, more disciplined and of course must feel calm, safe and comfortable in running trading and all that can be done if you are able to control your emotions.

[|MINER|]

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 I think about when we are doing or intend to doing trading i.e. short-term trading or the day trading, we must have three things inside, those were-
1. Analysis skill
2. Money Management
3. Ability to know the Market psychology.

To see these are short and simple and maybe someone could also say that is it possible by gaining profit from these things. But if we really want to see them in deeply and also put ourselves to have these things in us as then we will know their depth and how hard to claim these things.

And what you mention emotional control the most important thing in trading because it was the part of 2,3 fact you won't be able to gain 2 and 3 if you don't have much control in yourself.

[passwordnow]

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?

Then don't get carried away, don't be overwhelmed with every win that you make. That's what makes you emotional whenever you win and that's what you have to control. Because if you're going to trade and you always win, then keep on doing it without having any emotional attachment to it. But if you're going to trade and you think that you're so good, you'll be so full of yourself that you just want to quit later on because you can't accept defeat whenever your trades aren't with you and you just keep on losing it.

[tygeade]

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.

Newbies could be annoying like that at times but there is nothing that we can do to change that, we just need to consider that as part of the market. They either get lucky and suddenly start thinking about how they are so great and they get snob and they think they are the greatest but then they end up losing money and blame everyone but themselves.

The biggest problems in the crypto world are people who trade and put the blame on losing to others, like the market, the whales, FBI or whatever, hell today I saw that they said DOJ is the reason. It is not anything else, if you are losing money on trading then it is your loss and you need to owe up to it and not going to do that crazy so we need to be doing a lot better without a doubt, if we can do that then we could make a lot better profit.

[Rampagoe004]

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?

So far, you have done your best in trading, even though you are not a trading expert, but you have been able to take advantage of the trading you do. Controlling emotions in trading is not easy. Generally, when people have made a profit, they will of course apply the old strategy to get more profit. big again.
The strategy you are using is right. The most important thing you have to improve is just your emotions, so everything will run normally, in trading we have to be more patient, don't be emotional, let alone make brutal decisions.

[YOSHIE]

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

Don't instill greed in yourself, don't think you have done the right thing in crypto trading, try to focus on what you have got, Many people when trading feel they have got it all, in fact it is an illusion that will cost them money in the next turn.

Your thoughts will determine whether you can control your emotions when trading, when you have succeeded in doing that day, try to calm down and think for a moment, don't rush to do it again, accept what you have first, If you keep forcing yourself to do it again, you are prioritizing your emotional work, so you will act carelessly and force yourself to pour everything into the next episode, so calm down, sit down and think when you have successfully done the first one.

[Baki202]

Then don't get carried away, don't be overwhelmed with every win that you make. That's what makes you emotional whenever you win and that's what you have to control. Because if you're going to trade and you always win, then keep on doing it without having any emotional attachment to it. But if you're going to trade and you think that you're so good, you'll be so full of yourself that you just want to quit later on because you can't accept defeat whenever your trades aren't with you and you just keep on losing it.

A lot of people seems to get carried away with winning and they will want to repeated to some things and some people will want to use the habit they use during and bring it to trade and they are both risky and you might want to take risk sometimes but even when you are taking risk it should be for the right reasons. And that is why when you will getting too excited might just give another though thinking that you won't be able to reject some certain things.

And another thing is that win give more confidence and it's good to feel that way because you want to do more and the same feeling you have when you lose, just that when you lose you will want to almost give up because winning will give you the previlage of taking things seriously and the more you Win the more you want to grow bigger and when you get to this point that is when you are suppose to be very careful, and even if you don't win given up is not even an option, that is suppose to be a period were you try harder.

[shield132]

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?

Emotional control is the hardest thing to do while trading because when you trade, you never know whether the price will increase or decrease, so you are constantly in fear, especially when you are losing. You find it hard to hold your position because you are afraid that you might lose but at the same time you also think that if you hold for a little bit, the price might recover but when it lasts for a long time, it makes you more stressed and anxious.

I always tell everyone that in trading, you depend on your luck and then comes skills. If you are not a whole, how can you be a successful trader? You don't control the market, you don't have enough money to influence the market, that's why you'll fail if you are not lucky.

[Awaklara]

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?

when you experience a loss during your trade, can you verify your mistake? the same as when you get a profit, do you see your strategy going according to your plan or is it really your luck?
the situation of feeling expert and mastering trading when several times successfully getting profit is often experienced by traders. it means our strategy is running correctly. but without us knowing that there is actually luck from speculation, not the analysis that we use.
we cannot suggest a strategy that is right for you. because every trader may never make a sustainable profit using the same strategy. likewise, a strategy that works for one trader, may not necessarily work for other traders.
sharpen yourself with more experience and trading knowledge.

[Abu-Naim]

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?

Emotions is hard to control especially in crypto trading because the little profit you will have seen in your wallet will make you sign off to take the profits in order to avoid losses, if you live the investment you might have more profit later but your emotions will not leave you because you can’t afford to lose after seeing such profits. The best strategy in my opinion is to take your eyes off your wallet because if you are seeing your balance always you will always want to take profit as early as possible to avoid losses but if you trust your knowledge I know that you are in the right strategy you will be sure of yourself and your strategy and it will make you leave the trade for long Which will actually give you more profit than going out as early as possible.

However it is good to take profits when you’re not sure of the next market news but it is always good to work on your plants on your strategy try as much as you can to take emotions away from your trading in order to get maximum profit.

[bettercrypto]

In trading, we cannot have no emotions to use, all we really need is to use our emotions correctly while we do trade in any of the exchanges that we will be trading on. Because most of the traders are carried away by their emotions when they lack knowledge in trading which ends in defeat.

But if we have enough knowledge, at least somehow we can control our emotions correctly, where even if we see the price falling,
we will just stay calm and not be carried away by emotions.

[Mahanton]

In trading, we cannot have no emotions to use, all we really need is to use our emotions correctly while we do trade in any of the exchanges that we will be trading on. Because most of the traders are carried away by their emotions when they lack knowledge in trading which ends in defeat.

But if we have enough knowledge, at least somehow we can control our emotions correctly, where even if we see the price falling,
we will just stay calm and not be carried away by emotions.

Easy to say but It is really that indeed hard if you do deal up with trading on which this is something that will really be that not you can guarantee on which even you are already that old or veteran in this market but still you will be having that kind of reaction since we are really that still human beings on which we don't really like on losing money. The difference in between experienced and non experienced is that you do really know on what to do when you do have that idea on how this market works on which at the moment that you've been wary about these things because if you do lack that knowledge then you will be having that very prone to tons of mistakes and errors. Emotion control is something that could be improved as the time or moment that you will be have that experienced or more time on engaging trading. We do know that when it comes into this aspect on which these are the main differences and you will be able to notice it out. So it will be that up to you on how you should adjust on things accordingly or be able to go with the different market conditions.

[Odohu]

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 vibration of the market is one thing that is very difficult to master. If you watch the charts, you will attest to the fact that it stretches your emotion so much and if you are not careful, it can make you to develop fear. This is the reason psychology is the greatest skill every trader should learn because no matter the strategy you are using to trade, as soon as the trading psychology is messed up, every other thing will suffer. Unfortunately, most traders do not pay attention to this psychological requirement that is why they are easily overwhelmed by emotion and end up not succeeding in trading.

[Findingnemo]

When we play with our money it's is kind of overwhelming which manipulate our decisions and tricking us into do something that we don't really want to do. So the control over emotions will give the better perspective of the situation and it's something that comes with experience. We trade and make mistakes and from that we learn and in future we know how to avoid it or atleast not repeat the same thing and this just goes on forever.

[Rockstarguy]

In trading, we cannot have no emotions to use, all we really need is to use our emotions correctly while we do trade in any of the exchanges that we will be trading on. Because most of the traders are carried away by their emotions when they lack knowledge in trading which ends in defeat.

But if we have enough knowledge, at least somehow we can control our emotions correctly, where even if we see the price falling,
we will just stay calm and not be carried away by emotions.

Most times in trading the emotions we develop is as a result of lack of knowledge. When their is no proper knowledge about trading it is expected for one to make mistakes and when mistakes are done in trading it is very possible for one to have emotions for the money that has been lose. The only way emotions can be control in trading is to have knowledge and experience, atleast this can help traders from making mistakes which can cause so much loses and lead one into mistakes.

[Dewi Aries]

It seems like you treat trading like gambling then my friend, I understand the situation and conditions that you are experiencing because for the initial process, a beginner will definitely go through that phase first where they will be confused, and on the other hand you have said the right thing that the most difficult thing to control in trading is emotion, so there are two things that I will suggest that might be a solution for you so that your involvement in trading gets better.

First, you have to train yourself and your emotions to control, the way is to realize and admit that trading is a risky activity so when you experience a loss, you have to assume that it is normal but you also have to evaluate it, and second, it seems like you have to re-learn the strategy you are using, meaning learn and practice it more deeply, know its advantages and disadvantages, because from the experience you have where at first you managed to gain profit from the strategy but in another session you actually lost even though you used the same strategy, so in my opinion it seems like you are implementing the strategy at the wrong moment.

[Adbitco]

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?

Do you have trading target or limits?
If 'no' then you need to sets some limits for yourself to be able to regulate your trading and the time you spend online trading. One good entry is better than trading for the whole day yet losing all that you have made from trading, you can target the market and wait for a better time to enter the market after which take your profits and exit the market then wait for the next day or when there will be proper good time to jump into the market again. What people doesn't know is that, it is better take profit of 3-5$ per day than trading the whole day and losing your equity plus your profits while trading.

[Miles2006]

Basically what every trader needs is staying focus if I may ask what level of emotion demands trading forcefully and the answer nothing rather self control is needed. Discipline is also needed so you know when to stop, I’m sure everyone can easily tell when their emotions get bad why not quit for a while then continue. Strategy doesn’t really matter even with skill and strategy trade is not guarantee so at this point you need to discipline the urge of wanting extra even when failing before thinking of the best method.

[Mpamaegbu]

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

That's what makes making money a difficult thing. Otherwise, every single one of us won't have any issue making money off trading. Show me a trader who can't control their emotion and I will show you one who can't make money. It's that basic.

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.

On no account should you let the excitement of winning get into you. It derails the mind. Just maintain a neutral composure, whether you're winning or losing. Yeah, I know it's not that easy a thing to do but that's your best bet to prove to yourself that your level of emotional control has improved. The easiest way to get to that point is to never over lotsize or overtrade. Maintain good Money Management (MM) strategy and you will be fine.

[mirakal]

Even in things not related to trading, emotions seem too hard to control. I think having emotions could be our advantage in some aspects, but it will never be an edge towards trading. That’s probably the reason why majority of the traders never stop from losing because they find it hard battling with their emotions.

My only view about this, never trade if you aren’t capable enough. Never trade if you think you will more likely lose than win. Although I get it experience will improve your trading performance, but hey we are talking about money matters here. The more you trade with lack of knowledge and skills, the more you become emotionally uncontrolled, the bigger losses you will gain. That is why trade only when you are emotionally, mentally and physically ready to trade.