What are the ways to control emotions during trading ?

[SquirrelJulietGarden]

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.

I understand your practice when you are not too active with trading.

Trading bots can work well or terrible, and their trading results depend on how a user sets up parameters for the bot and its automated trading operations. If the user does not have knowledge about trading, have no expereince with this market, and can not set up good parameters for the bot, a bot trading operation would easily lead to very bad results.

There are many bots to choose
[BIG LIST] Crypto Trading Bots.

[HelliumZ]

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 ?

Since you sell when the market increases by 3 percent, you will not regret it later and will not make any profit. Your target is 3 percent, meaning that you will sell if the market increases by 3 percent from the price you entered, this is your pre-planned target. So why do you regret selling and it doesn't matter to you if the market increases? Always remember that after achieving the profit you had targeted, you will control yourself no matter how much the market increases.

[WatChe]

Since you sell when the market increases by 3 percent, you will not regret it later and will not make any profit. Your target is 3 percent, meaning that you will sell if the market increases by 3 percent from the price you entered, this is your pre-planned target. So why do you regret selling and it doesn't matter to you if the market increases? Always remember that after achieving the profit you had targeted, you will control yourself no matter how much the market increases.

In trading, you have to overcome your greed if you want to get success. Remember trading is risky stuff and we need to take prior measures on how to handle that risk. It's a very common mistake that many traders commit that result in only loss. The mistake is trader keep on opening trade with intention of getting more and more profit. It's recommended to set a target that on how much profit you close the trade and also put an upper limit on number of trades you open per day. 

[Jatiluhung]

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 ?

What needs to be controlled, my friend?
You have actually been trading in a fairly disciplined manner and without greed. And I think you have been doing it right.

And it seems that you don't like to take big risks. So you sell when you have made even the smallest profit. And basically, you have established the most suitable risk management for yourself. Never regret the decisions you've made. As long as you can consistently make a profit from trading, you don't need to expect big profits all at once. Because even small, consistent profits will add up to big profits over time.

Unless you violate your own plan. For example, you set a target to sell at a price that allows you to make a 5% profit, but you end up selling immediately when you only make a 3% profit. In this case, it seems like you don't fully trust the results of your own analysis when making your trading plan.

[suzanne5223]

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 ?

I believe the major reason behind the reason you always take profit early whenever the trader is in your favor could be one of these 3 reasons.
1 You have not built your psychology aspect of taking risks through trading.
2 You believe in your analysis enough
3. You're trading with the fund you cant afford to lose because you can choose to break even on the trade instead of taking profit. Besides, it seems you're not ready to make money through trading because if you can not risk, you can not get it.

[LastKiss]

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 ?

It’s more like an addiction to trading for me  and I know that you always take profits even when you’re only up 3% instead of letting the trade round-trip back into the minus. If you look at your performance over a month and you’re consistently ending in profit with that approach, then you’re already doing well. The main point in trading is simply to finish in profit. Whatever the profit is, be grateful many traders out there lose half their capital or more.

If you want to change your approach, then maybe it’s time for a new long-term strategy. Stay away from leverage and focus on spot trading only. I get that nobody likes taking losses, but it’s a natural part of the game. You have to become comfortable with that feeling. Take losses when you need to, hold your positions when it makes sense, keep improving by trying different strategies, and build a strong mindset so you’re not afraid when your PnL goes red.

[Mandoy]

Since you sell when the market increases by 3 percent, you will not regret it later and will not make any profit. Your target is 3 percent, meaning that you will sell if the market increases by 3 percent from the price you entered, this is your pre-planned target. So why do you regret selling and it doesn't matter to you if the market increases? Always remember that after achieving the profit you had targeted, you will control yourself no matter how much the market increases.

In trading, you have to overcome your greed if you want to get success. Remember trading is risky stuff and we need to take prior measures on how to handle that risk. It's a very common mistake that many traders commit that result in only loss. The mistake is trader keep on opening trade with intention of getting more and more profit. It's recommended to set a target that on how much profit you close the trade and also put an upper limit on number of trades you open per day. 

It is emotional control, which differentiates disciplined traders and impulsive ones. Having specific goals, such as making profit at 3 percent, can only work when you have a chance to respect the plan rather than pursue additional profits. Majority of the losses are due to greed-to remain in the market and get a little more of it. Setting stop-loss and take-profit levels so that they are fixed, limiting your trading to one or two days, and not staring at the chart all the time will make you objective and trade the market by strategy and not by emotion.

[crwth]

No one really likes to hit their stop losses, it's just that once you have set it, you need to accept that you would lose a percentage of your portfolio, and that should help you accept that if you didn't have stop losses in place, you would have an even larger loss if ever the price didn't come back. You would end up holding longer and then not being able to trade.

It is my strategy, and I also suggest taking it at different times, such as 40% for the first take profit and then placing the stop loss at the entry. For the second take profit, you could also consider 40% and then let it run, hoping to get more. If not, at least you have taken a profit at the start.

[shinratensei_]

No one really likes to hit their stop losses, it's just that once you have set it, you need to accept that you would lose a percentage of your portfolio,

They will really like stop loss if they traded in 10 october where there is flash dump and liquidated majority of people, even with 2x leverage isn't spared.
People don't like stop loss because they have no idea about the worse scenario which is getting liquidated just because oracle malfunctioned and assets depegged.

I've lost miniscule amount in 10 october compared to other people who hadn't used any single stop loss.

[gunhell16]

Since you sell when the market increases by 3 percent, you will not regret it later and will not make any profit. Your target is 3 percent, meaning that you will sell if the market increases by 3 percent from the price you entered, this is your pre-planned target. So why do you regret selling and it doesn't matter to you if the market increases? Always remember that after achieving the profit you had targeted, you will control yourself no matter how much the market increases.

In trading, you have to overcome your greed if you want to get success. Remember trading is risky stuff and we need to take prior measures on how to handle that risk. It's a very common mistake that many traders commit that result in only loss. The mistake is trader keep on opening trade with intention of getting more and more profit. It's recommended to set a target that on how much profit you close the trade and also put an upper limit on number of trades you open per day. 

At this point, you are correct, dude, because it is often the case that when a trader sees themselves being liquidated bit by bit, this is where a lack of self-control sets in, precisely because we do not expect the things happening in the market. Now, because we suddenly feel doubt, we might hastily make decisions that we haven't thought through properly.

Then there are also those who suddenly invest large amounts because of the extreme hype surrounding meme coins, which often happens, and in the end, the result leads to a rug pull or a sudden price collapse from a high price in the market.

[lizarder]

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 ?

What you have to understand is that trading cannot always provide profits and there is no way to get involved in trading by consistently making profits. The plan you carry out in trading may be good and you must carry it out consistently and with discipline so that the growth of the trading you carry out will continue to grow. Profit and loss percentages must be made clearer so that you can survive in trading and for me small profits are not a problem, but they must be adjusted so that the capital you have does not run out when liquidation occurs and that is why you need to create a stop loss.

Usually I apply a profit percentage of 50% and a loss of 30% so that this can adjust our involvement in trading. Don't imagine that the price could rise so that it will make us change the take profit or stop loss pattern and if this is done repeatedly, the trading plan we made previously will not work correctly. Small profits obtained consistently are much better than getting big wins but not having a clear plan for trading.

[Ndabagi01]

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.

You are just doing perfectly fine in your trading journey as long as you’re not losing. Even if people show you their pnl, if they don’t take profits and hit SL back or even break even at point of entry, you that make 3% profit is still better than them and you’ll be more profitable than them. Don’t get too distracted and focus on the goal, don’t think you’re stupid when you’re making profits. It’s a gradual process and with time, you’ll be able to increase your win percentage.

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 ?

No one can help you here, just do what works for you best. The market is very tricky and unpredictable, so don’t make what another person’s view of the market change your own perspective which is already profitable for you. Have a trading plan, set your target and abide by it. You’ll grow overtime with the market trend and will always be at the profitable end.

[Cgrexp]

Long-term investors generally don't pray for a long-term decline. New investors may hope for a break in the decline, but those who have already accumulated a lot of Bitcoin don't. Sometimes a decline can be beneficial for long-term investors, but some may run out of money or others may become fearful, which is not the best investment strategy. Everyone is at a different stage from where they are now.

[ScamViruS]

If your strategy gives you a profit of 3% but you don't face any losses, it means your strategy is working. Controlling emotions in trading is always very important. If the price of the coin continues to increase after you close your trade at a low %, it affects you mentally and emotionally. You also have to keep in mind that the coin can also go in the opposite direction. So you have to consider both sides. Because if it went in the opposite direction, you could have faced losses if you had your trade open. So I think after closing a trade, that coin should not be shown again if that coin's price continues to increase. Because it will emotionally attract you so much that it will emotionally force you to take new trades and this will create a situation where you will make more wrong decisions. For this reason, you should focus on gaining more knowledge about trading, so that you can analyze the market and book more profits from the market.

[Adams0001]

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 ?

If you are taking profits too early, it means you are not sure of your strategy, the strategy that earns you those profits. If you are sure of the strategy, you will trust it when you take positions and set your level to take profits from. If you are taking profits too early, it is because you are afraid of losing, and that is an emotional trigger you have to deal with psychologically. Your psychology is still weak in trading and that exactly is what needs an improvement on. To improve your psychology, watch videos on Youtube on trading psychology to see the views of some professionals, and some other helpful videos.

Taking quick profit in trading that will identify you as a low risker you are afraid of losing and trading you need to be taking risk if you really need a better profit in trading. But is not bad to take quick profit in trading because is better to take quick profit then losing everything but to make you better in trading you need to be strong and stop afraid of losing the more you lose in trading that is how you will get profit if you're using a better strategy one day he will favour you and make you get a better profit in the market. Watching video in YouTube can make you have more experience and get confidence on what you are doing, trading is all about risk and if you are not capable of that you should just go for investment and that can minimise your risk but trading will always be a risk.

[Scarlett_23]

I think trading is the most difficult thing. Because if you make a small mistake, you risk your valuable money. So before trading, I think you need to focus on some things seriously. For example, when should I enter the market and how much profit should I sell if I make a profit.

It is safer to be satisfied with small profits than to take big risks to make big profits. If you sometimes go to a loss, then it is possible to provide some financial security by setting the rate in advance and selling quickly. Therefore, entering the market with the opportunity, being satisfied with a small profit from the market, and exiting the market quickly according to the situation are effective ways to avoid risk.

It is important to keep a cool head when trading, and the more you can suppress excess anger or excitement, the more you can reduce your losses. Therefore, trading in large lots often makes you more emotional, which is why you should work with peace of mind in small lots.

[gunhell16]

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 ?

There are really only two options you can choose from: control your emotions the right way, or control them the wrong way. Of course, the real question here is: how do we properly manage our emotions? We can achieve this by starting to discipline ourselves the moment we execute an actual trade.

Moreover, like some of our fellow traders here, we should also train ourselves to set limits on how much money we’re willing to risk think of it like deciding how much you’re ready
to lose in a casino. That’s exactly the mindset we should have in this crypto gambling business. That’s all there is to it.

[Vaculin]

More than trading technicalities, what I see here is that you should work on your patience and fulfillment. And the only way it'll be possible is to manage and control your emotions, that way you will never overthink and get easily worried whenever price increase happens after you decide to sell.

Reality is, everyone feels that but they know how to navigate their emotions, so they don't need to be bothered thinking that he could have make bigger profits if he still delay placing his sell order.

[malekbaba]

My follow up trade :


I traded Token A pretty well at first, bought low, sold high, then bought back again and increased my stack. After another sell, I switched into Token B. Now Token B has dropped badly, and it feels like all the gains I made with Token A just disappeared. Total crap situation.
That is why I Don't wait to take bigger profit. Small profit is better than losses.
I always have trading plan, spare fund to DCA. And I will not take loss so I will wait or DCA to reduce buying average. I think I was not wrong

[Baki202]

Since you sell when the market increases by 3 percent, you will not regret it later and will not make any profit. Your target is 3 percent, meaning that you will sell if the market increases by 3 percent from the price you entered, this is your pre-planned target. So why do you regret selling and it doesn't matter to you if the market increases? Always remember that after achieving the profit you had targeted, you will control yourself no matter how much the market increases.

In trading, you have to overcome your greed if you want to get success. Remember trading is risky stuff and we need to take prior measures on how to handle that risk. It's a very common mistake that many traders commit that result in only loss. The mistake is trader keep on opening trade with intention of getting more and more profit. It's recommended to set a target that on how much profit you close the trade and also put an upper limit on number of trades you open per day. 

when people see enough numbers when they are about to trade, they start assuming a lot of things and start making preparations for money that they don't even have yet, and that is where a lot of them begin to get greedy, and it does not even work that way, and this is like fire, which you don't play with because of the risk it comes with, and that is why everything you do when it comes to trading you must do it with caution, starting by controlling your emotions.

There are a lot of bad habits that you see a lot of traders doing, such as reverse trading, and many more. When you don't make a profit, just accept and move on, because trading does not have anything to lose. At the end of the day, the greedy trader will be the one to lose more money, and every trader should also have a strategy they are going to be using because it is very much needed. And no matter how good you are, it it's not every day you are going to close a trade with profit.