What are the ways to control emotions during trading ?

[LogitechMouse]

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what If price hits SL? I do not like to take losses and that is why I usually make small profits. if I see price increases 3%, I sale always.
The problem I face is , I open orders frequently and take profits in very short time. But if I see price increase   after I sale , I feel like stupid. I don't know how to control this . Help me ?

And that's where the problem lies. You have no system that you're following.

You make analysis before entering a position. You put your entry price, take profit and stop-loss, and if you have a system and you applied it while making the analysis, you will follow that system whatever the outcome is. You will feel stupid with what you're doing because you don't know how to take losses at all because you don't want it to happen, and in trading, there's no such thing as 100% win rate. At some point, you will make losses, and that's one of the reasons why professional traders often have a 1:2 RRR so that if they lose on their next trade after winning, it will just come out as breakeven for them.

Experience will help you, but you need to discipline yourself in order to not do what you're currently doing. Having a system or strategy that you will follow will help you as well. Take note of this, and try it in your next 10 trades. Analyze a coin and if it you see an entry, enter in it, put a reasonable take-profit, and stop-loss as well. After that, forget about the position for hours, or wait for the notification on your phone. You might be doing that as well because you're constantly looking at your phone to see your position. That will just make you more stressed trust me. I've been into that situation as well, and it made me overwhelm and felt like that I'm not productive on that day.

Good luck with your trading journey. The road isn't as smooth-sailing as what you are seeing online, but once you see a strategy that works for you, it's the start of you making profits in the long run.

[Finebone]

Everyone has their own way, but for me it is better to get small but consistent profits. So from there we can slowly increase our profits, so don't be too hasty to get big profits, because that can be dangerous for us.

Making consistent small profit looks very easy verbally when being spoken off, but not easy to achieve.
What makes a trader profitable is not by winning more trades, but by how much you were able to make when you win, because no matter how skill you you are as a trader, you are surely going to lose money, so once your winning is bigger than your losing, then you are profitable, not by the numbers of trade won or lost.

. Meanwhile, in trading, emotions are something we must avoid, even trading when our mental state is unstable must be avoided.

Agreed.
This is one thing we all should avoid if we want to be profitable because once you are doing emotions trading, all your trading skills becomes useless, since you will start making stupid decisions by even doubting yourself and your analysis.

[tvplus006]

...The problem I face is , I open orders frequently and take profits in very short time. But if I see price increase   after I sale , I feel like stupid. I don't know how to control this . Help me ?

You need a trading strategy that sets out the levels of buying and selling. For example, you can open a long position from the support level, while setting a take profit at the resistance level. And vice versa, if you open a short position.

[Arenga pinnata]

I follow some basics during trading . Like I make plans while I first start trading. When to enter, when to exit, what If price hits SL? I do not like to take losses and that is why I usually make small profits. if I see price increases 3%, I sale always.
The problem I face is , I open orders frequently and take profits in very short time. But if I see price increase   after I sale , I feel like stupid. I don't know how to control this . Help me ?

That's actually quite common. And I think it's quite reasonable to think that way. The most important thing is that you still make a profit. It's better to make small profits consistently than to be greedy and risk losing those profits.

Unless you're prepared to take the risk of loss, I think shifting your sell target position slightly is fine. As long as you've done a re-analysis and found that the coin you're trading has the potential to rise to a much higher price. For example, if there's positive sentiment emerging after significant fundamental news that could positively impact the market.

[pusaka]

Everyone has their own way, but for me it is better to get small but consistent profits. So from there we can slowly increase our profits, so don't be too hasty to get big profits, because that can be dangerous for us.

Making consistent small profit looks very easy verbally when being spoken off, but not easy to achieve.
What makes a trader profitable is not by winning more trades, but by how much you were able to make when you win, because no matter how skill you you are as a trader, you are surely going to lose money, so once your winning is bigger than your losing, then you are profitable, not by the numbers of trade won or lost.

. Meanwhile, in trading, emotions are something we must avoid, even trading when our mental state is unstable must be avoided.

Agreed.
This is one thing we all should avoid if we want to be profitable because once you are doing emotions trading, all your trading skills becomes useless, since you will start making stupid decisions by even doubting yourself and your analysis.

It's a fact, easy to say, but not always practical. Even achieving small profits consistently isn't easy, let alone consistently achieving large profits. Some professionals may be able to do it, but not everyone. And while trading is possible for everyone, not everyone can succeed.

Most beginners simply seek their fortunes in trading, hoping to make big, quick profits. I might even say they're actually gambling, as I'm sure some of them trade without any analysis at all.

[justdimin]

I follow some basics during trading . Like I make plans while I first start trading. When to enter, when to exit, what If price hits SL? I do not like to take losses and that is why I usually make small profits. if I see price increases 3%, I sale always.
The problem I face is , I open orders frequently and take profits in very short time. But if I see price increase   after I sale , I feel like stupid. I don't know how to control this . Help me ?

Breathing techniques do not work on me, no idea how people could breath and calm down, that never made sense to me neither when you talk about it but I still gave it a try and do it, but the reality is that it never worked on me. The best is just let it pass, that is always the best work for me, I just give it time.

For example, if I am trading, and feeling anything great, then I just end up giving myself some time and feel whatever I am feeling and eventually it passes, you can't just be worrying about something forever, or angry about something forever or whatever feeling you have. So giving myself some time always worked.

[Kelvinid]

You know what, if you are having the same problem throughout your trading years, I bet the best solution is to re assess yourself if you really want to stay trading or shift into other career that will not compromise your emotions. Although I have to admit that our emotions can always lead to a biggest battle, but one will only be seen good in what he's doing if he's able to balance himself mentally, emotionally and physically. And your current situation OP only tells that you are not meant to focus in trading.

[atookz]

I follow some basics during trading . Like I make plans while I first start trading. When to enter, when to exit, what If price hits SL? I do not like to take losses and that is why I usually make small profits. if I see price increases 3%, I sale always.
The problem I face is , I open orders frequently and take profits in very short time. But if I see price increase   after I sale , I feel like stupid. I don't know how to control this . Help me ?

When you've made a profit in trading, whether it's large or small, I believe you've succeeded. Because in trading, success is achieved when you've achieved a profit. Selling and the price rises, then regretting it, perhaps that's what other traders experience, and I think it's normal and part of greed. It does happen often, when plans don't align with reality, and as long as you're making a profit, you don't need to worry. You just need to adjust your trading plan. Losses in trading are something every trader has to face, they're inevitable, but they can be minimized.

[wmaurik]

...

When you've made a profit in trading, whether it's large or small, I believe you've succeeded. Because in trading, success is achieved when you've achieved a profit. Selling and the price rises, then regretting it, perhaps that's what other traders experience, and I think it's normal and part of greed. It does happen often, when plans don't align with reality, and as long as you're making a profit, you don't need to worry. You just need to adjust your trading plan. Losses in trading are something every trader has to face, they're inevitable, but they can be minimized.

Profits in trading won't always come to every trader, although we can minimize the level of losses while trading in the market. However, the potential for loss will still exist because the market doesn't always behave as we imagine, even though many people profit after experiencing losses. Therefore, in trading, I prefer not to be greedy. When a trader becomes greedy for profit, they can forget to recognize market entry and exit points, leading to emotional control in trading that can become unmanageable and ultimately ruinous.

[maknyos]

You know what, if you are having the same problem throughout your trading years, I bet the best solution is to re assess yourself if you really want to stay trading or shift into other career that will not compromise your emotions. Although I have to admit that our emotions can always lead to a biggest battle, but one will only be seen good in what he's doing if he's able to balance himself mentally, emotionally and physically. And your current situation OP only tells that you are not meant to focus in trading.

Don't wait too long, we must always evaluate our trades after we make them, whether we're making a profit or a loss. This is crucial because it provides insights and may reveal new strategies that we can implement later. Never ignore a trade, even if it's profitable, as this can lead to underestimating the market, which will impact your future trades.
If evaluating every trade is too difficult, we can do it monthly or at a time that suits us. This can help us trade better.

[rachael9385]

I follow some basics during trading . Like I make plans while I first start trading. When to enter, when to exit, what If price hits SL? I do not like to take losses and that is why I usually make small profits. if I see price increases 3%, I sale always.
The problem I face is , I open orders frequently and take profits in very short time. But if I see price increase   after I sale , I feel like stupid. I don't know how to control this . Help me ?

Your problem is that you are trying to be too careful and even though there's nothing wrong with it can also cause you problems. When you fix your mind on a trade it is important that you wait patiently, taking small profits shows that you are impatient and letting your emotions take over your actions. The only help you need at this point is for you to gain more confidence in your trading strategy

[edy_58]

You know what, if you are having the same problem throughout your trading years, I bet the best solution is to re assess yourself if you really want to stay trading or shift into other career that will not compromise your emotions. Although I have to admit that our emotions can always lead to a biggest battle, but one will only be seen good in what he's doing if he's able to balance himself mentally, emotionally and physically. And your current situation OP only tells that you are not meant to focus in trading.

Don't wait too long, we must always evaluate our trades after we make them, whether we're making a profit or a loss. This is crucial because it provides insights and may reveal new strategies that we can implement later. Never ignore a trade, even if it's profitable, as this can lead to underestimating the market, which will impact your future trades.
If evaluating every trade is too difficult, we can do it monthly or at a time that suits us. This can help us trade better.

After trading, it's crucial to evaluate your trading, as there's a lot to learn from it. If a trade results in a loss, we need to improve to avoid repeating the same mistakes and resulting in losses.
Even when a trader has achieved a profit, they must continue to update their knowledge and avoid underestimating it, as this can make it difficult for them to trade again.
To control emotions when trading, we must be able to do so with sound knowledge and avoid greed, which can trigger emotions and hinder sound decision-making.

[batang_bitcoin]

I follow some basics during trading . Like I make plans while I first start trading. When to enter, when to exit, what If price hits SL? I do not like to take losses and that is why I usually make small profits. if I see price increases 3%, I sale always.
The problem I face is , I open orders frequently and take profits in very short time. But if I see price increase   after I sale , I feel like stupid. I don't know how to control this . Help me ?

That's profit still isn't it? Maybe set a higher price so that you can get more than 3% that you usually take. And at the same time, that stop loss you have set won't be that far to what you're trying to achieve so there's still enough profit for you. You're not just contented with the profit that you're making but what's enough should be enough for you. And start experimenting with the profits that you've taken so that no capital is at risk when you try to hit longer or higher price. Profit is profit as what people say so, if you fail for that next approach you'd do, you'd be contented with this strategy of yours.

[Odusko]

I follow some basics during trading . Like I make plans while I first start trading. When to enter, when to exit, what If price hits SL? I do not like to take losses and that is why I usually make small profits. if I see price increases 3%, I sale always.
The problem I face is , I open orders frequently and take profits in very short time. But if I see price increase   after I sale , I feel like stupid. I don't know how to control this . Help me ?

The fact that, cryptocurrency market in unpredictable,  we can tell what will happen innthe next minute,  this make it hard to predict what will happen in the market for the next minutes and no trader can predict thaz accurately,  having that basic understanding is key to staying ahead of the market reactions though to high volatilities, so when you already took some profits,  there is no need to regret your action when and if the market then keep rising.

[Yamifoud]

There is no other solution here but to control your own self when trading. Know your limits and expectations, know the consequences of your emotions. If you can do that, problem solved. But if you can't, you need to expose yourself on different outcomes in trading so that you will realized that your emotions create a huge impact on the outcome. Controlling your emotions is crucial, the key to every successful trader.

[ancafe]

It's a fact, easy to say, but not always practical. Even achieving small profits consistently isn't easy, let alone consistently achieving large profits. Some professionals may be able to do it, but not everyone. And while trading is possible for everyone, not everyone can succeed.

Most beginners simply seek their fortunes in trading, hoping to make big, quick profits. I might even say they're actually gambling, as I'm sure some of them trade without any analysis at all.

Discipline is indeed necessary when engaging in trading, because we know that surviving in trading isn't as easy as it sounds. Many beginners come to trading for the wrong reasons, thinking it can change their lives quickly, and their only motivation for involvement is how to generate large profits. Many people are unable to persist in trading because they lack an effective strategy, and I'm sure if most of them experience losses, no one will persist in trading.

Of course there's no effective strategy that can increase someone's chances of consistently making a profit in trading; rather, how one approaches trading to survive and be disciplined matters. Such as the use of stop loss and take profit to limit excessive involvement in trading so that people are more likely to be able to control trading and not overdo it.

[rbynxx]

There is no other solution here but to control your own self when trading. Know your limits and expectations, know the consequences of your emotions. If you can do that, problem solved. But if you can't, you need to expose yourself on different outcomes in trading so that you will realized that your emotions create a huge impact on the outcome. Controlling your emotions is crucial, the key to every successful trader.

The thing with self-control is that it's just good on the books but it's really not that easy especially if there's a sudden drop or upside. I think that's why some people are using bots these days when it comes to trading because bots are your assistance could really make a difference. What they're trained or program with are the only thing they'll do.

[Nahl]

I follow some basics during trading . Like I make plans while I first start trading. When to enter, when to exit, what If price hits SL? I do not like to take losses and that is why I usually make small profits. if I see price increases 3%, I sale always.
The problem I face is , I open orders frequently and take profits in very short time. But if I see price increase   after I sale , I feel like stupid. I don't know how to control this . Help me ?

The problem which you have is the common mistakes which even professional trader have done this mistakes before and in my opinion actually you have made correct decision that trading is about consistency and small profit is fine as long as you can get that steady because this is a good way to earn money indeed for some coins we had several mistakes with lost our patiently and sell too early but never regretting your decision to sell or cut loss because as a trader we only can predict the prices of movement but we have no ability to control the market unless you are the whales and some trader like the method which you used because they feel this is more safe rather than hoping big profit but eventually loss

[maknyos]

Don't wait too long, we must always evaluate our trades after we make them, whether we're making a profit or a loss. This is crucial because it provides insights and may reveal new strategies that we can implement later. Never ignore a trade, even if it's profitable, as this can lead to underestimating the market, which will impact your future trades.
If evaluating every trade is too difficult, we can do it monthly or at a time that suits us. This can help us trade better.

After trading, it's crucial to evaluate your trading, as there's a lot to learn from it. If a trade results in a loss, we need to improve to avoid repeating the same mistakes and resulting in losses.
Even when a trader has achieved a profit, they must continue to update their knowledge and avoid underestimating it, as this can make it difficult for them to trade again.
To control emotions when trading, we must be able to do so with sound knowledge and avoid greed, which can trigger emotions and hinder sound decision-making.

That's the key point: we're required to continually update our knowledge, especially in the crypto world, where something new is constantly emerging, so we're required to keep learning. For a few months, I wasn't keeping up with crypto developments, and I was surprised to see so many new things coming up. I had no choice but to catch up because I couldn't afford to be left behind.
This is also crucial in trading, as understanding not only technical analysis but also fundamental analysis is crucial, which can only be achieved through continuous learning.

[The Cryptovator]

The thing with self-control is that it's just good on the books but it's really not that easy especially if there's a sudden drop or upside. I think that's why some people are using bots these days when it comes to trading because bots are your assistance could really make a difference. What they're trained or program with are the only thing they'll do.

Till now I haven't used any kind of bots for my trading, because I am not a day trader. Most of the time I like to trade long, or you can call it holding for a long time. In the meantime, if the market allows, then I do middle trades and take out some profits from my holdings, but definitely my holdings will exist the same. Sometimes I do day trading if the market dumps suddenly, but without any bots, I just take entry in low, and if the market pumps, I just sell. I don't think the bot could teach you self-control or control your emotions. Bots just trade smartly according to your setup.

There is not any special way to control your emotions. Because every human has different emotions and different controlling power. It has to be controlled or built day by day. At the beginning of the trading, I was so emotional and panicked. But later I learn about patience and controlling the emotions. Because I realised neither panic nor emotions will change the market conditions. So all the negative thoughts should be removed from the mind, and we should wait with patience to recover the market. So you need to explain yourself about self-control, because it's not easy to control your emotions at all. But you have to understand reality and have to accept it.