What are the ways to control emotions during trading ?

[nara1892]

Friend, what you did was right by only taking a small profit, like 3%. I understand how you feel when you sell your tokens, only to see the price rise. In fact, almost every trader has experienced this, or often does.

One thing I'll say here is that this is how trading works. If you always look back, you'll continue to feel frustrated. The important thing is that you don't experience losses. If your profits aren't as large as others, then that's a fair amount for you. The important thing is to consistently make profits.

[barbara44]

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.

I've been through that myself, and I still regret not using stop-loss till this day, even though the amount that I lost, twice, wasn't life-changing, but it was also not a small amount for me because I had spent months saving up to form that capital, and I lost it twice only because I didn't use stoploss and the market flipped me over. Also, it wasn't like I didn't know anything, I made good profit for days, and things were going very well both times, but then all of a sudden, the market went against my trade, so I kept adding to the margin hoping that it will reverse soon, but it didn't, until I ran out of funds and then got liquidated.

So, it's extremely important for every trader who is into futures to understand the importance of stop-loss, because the market is not always going to favour you, and it's your responsibility to make sure that you don't get ruined once the market turns against you, and for that, you have to place a stop-loss with each trade, even if it gets hit, you can recover that from another trade you make later, you will at least be safe from something worse.

[Findingnemo]

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 ?

So you make 3% profit with every trade that is a great thing and you can double the capital in no time with the help of compounding. Regretting missing the opportunities is pointless when you are already doing great with profit from your trades.

Controlling our emotions is just simple, take a break and see it from a different perspective, then you will appreciate what you have accomplished rather than being disappointed.

[abaeze]

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 ?

First, try to bring the profit from 3% to 5% and be patient by using your experience. Since winning 3% is your previous experience, bringing it to 5% will not be a difficult task. In this way, the chances of winning a large amount should be gradually increased. However, excessive courage and greed put people in danger. Therefore, before trading, it is better to understand its risk management and then trade.

[tvplus006]

First, try to bring the profit from 3% to 5% and be patient by using your experience...

Trading is not a place where you need to set a profit in advance, measured as a percentage. In each case, the amount of profit will be different and it will depend on the level at which the order was opened. In this case, the biggest profit will be recorded when the long is open from the support level and, accordingly, the short is open from the resistance level.

[passwordnow]

Nah, don't be like that. Be happy with every gain you get. 3% is small yes but that's still a profit. If you don't take profits and you've got -3% that's more disappointing and will hurt you more, right? so, you know what you are up to and you're doing a great thing. What only matters now for you is on how you take things after you make that profit because you should have that acceptance on any amount you make.

[Josefjix]

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 ?

You aren't stupid,  you are actually doing the best you can as well as you could take profits whenever you can while you haven't lost any trades, firstly, congratulations to that.

If you feel like you aren't furthering your profits but stopped after taking profits most times, you should learn how to trade, technical and fundamental knowledge about trading charts should be the next step to take if you never want to tell yourself you stupid again.

[suhadi88]

First, try to bring the profit from 3% to 5% and be patient by using your experience. Since winning 3% is your previous experience, bringing it to 5% will not be a difficult task. In this way, the chances of winning a large amount should be gradually increased. However, excessive courage and greed put people in danger. Therefore, before trading, it is better to understand its risk management and then trade.

And it's wiser to do the math to minimize losses. If you've already made a profit, it's best to hold on for a while and not force it into the same coin, or at least wait until four hours have passed. If possible and suitable, re-enter. To accumulate gains, it's appropriate to try setting increments slowly, even if the percentage is small.

[Yeesha]

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 ?

Emotional instability can influence our decision making and can negatively impact trading. To control our emotions we must avoid greed, fear, and we shouldn't fall for unrealistic expectations. When our feelings swing up and down, they can easily affect the choices we make in the business, and the result might turned out to be harmful. The reason why it is important for us to avoid fear is that it may cause us to close a position to early due to fear of missing out. And greediness can motivate a trader to hold onto a losing trade hoping that things will actually turnaround, this is actually a means of unrealistic expectations, some traders are believing every trade will be profitable, this is actually a harmful mindset, because it leads to disappointment and uninformed decisions.

If a trader is able to recognised these emotional traps, we will give ourselves a chance to step back, breath, and remember the rules we set for ourselves. It is very important for a trader to set a clear trading plan before he started trading. With these, it will be very difficult for a trader to react to any mental health issues like anxiety, frustration, bipolar disorder, stress, and so on.

[Altryist]

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 ?

If you want to feel better, try to approach this more philosophically, a small profit is better than a loss. As for the fact that you are only getting 3 % profit and no more, I think there are several ways to solve this situation. First, you can take profit in parts. Just like you plan your entry and stop loss exit points, plan in advance that you will take profit in stages. For example, take 3 %, %, and 10 %. But with every price move, a mandatory rule should be that as the price rises, you always move the stop loss higher. And when you are already up 5 to 10 %, the stop loss will be so high that if it gets triggered, you will close the trade with a profit anyway. I think this is a very good solution.

[Jatiluhung]

Friend, what you did was right by only taking a small profit, like 3%. I understand how you feel when you sell your tokens, only to see the price rise. In fact, almost every trader has experienced this, or often does.

One thing I'll say here is that this is how trading works. If you always look back, you'll continue to feel frustrated. The important thing is that you don't experience losses. If your profits aren't as large as others, then that's a fair amount for you. The important thing is to consistently make profits.

That's right. The most important thing is to be consistent in generating profits, no matter how small, as long as we can continue to make profits. That in itself is a great thing for a trader. However, what OP feels has surely been felt by all of us. The most important thing is that we must look to the future rather than the past. We must plan better trades and continue to strive to make the next profit from the market.

Personally, I'm not an active trader who trades constantly. I only trade weekly, or I buy and forget about it, waiting for the price to reach my target before selling. People call this swing trading, and it's usually better for those who find it emotionally challenging to control themselves in the market.

[Polkeins]

Friend, what you did was right by only taking a small profit, like 3%. I understand how you feel when you sell your tokens, only to see the price rise. In fact, almost every trader has experienced this, or often does.

One thing I'll say here is that this is how trading works. If you always look back, you'll continue to feel frustrated. The important thing is that you don't experience losses. If your profits aren't as large as others, then that's a fair amount for you. The important thing is to consistently make profits.

It is important to understand at what period this 3% profit was earned? If it was earned in one day or one week, that is very good result, but if this profit was earned over a year, while inflation is clearly higher than 3%, then you can say that, even if only slightly, you are losing your deposit.
Of course, if you don't suffer any losses, you will never go bankrupt, but with an annual return of 3%, you will not be able to get rich or even earn a decent amount of money.
After all, cryptocurrencies are a risky investment tool. The main reason people try to invest in crypto is that cryptocurrencies bring in more profit than you can earn on bank deposits or stocks. So if you can earn 3% a year, it seems easier to just buy some mutual fund and not waste your energy on trading.

[liasbaa]

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 ?

This is not really a problem. It happens to almost every trader/investor. Just as the price increases after selling, the price may decrease even more the after you buy. The most positive thing is that you trade in small amount so the risk of loss is much lower and you have a much lower risk level in this method. To trade wisely, you need to have experience and the ability to estimate prices. Even if you follow the fundamentals in trading, there is still risk because the crypto market is always volatile. I think this is not a stupid decision, it is a normal and ongoing process in trading.

[EarnOnVictor]

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.

Can you quantify the safety of your account by not using a stop loss with the small profits you mentioned? That's not reasonable to me. What if you aimed for a little profit and the market moved significantly against you for over a month? No one is certain about the market, which is the reason for using a stop loss to safeguard against eventualities.

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 ?

Control this by looking away. Accept the fact that no one is perfect in market decisions. And once you didn't lose, but gained little and missed more opportunities, it's still fair.

[GigaBit]

If you are well aware of several things in controlling emotions, then it is possible to control emotions in trading. You should accept loss. If there is a loss in trading, then you should take a break instead of trying to recover the loss. You should trade with the money that can afford to lose. Instead of thinking too much about profit or loss should trade within specific rules. You must set a specific limit before trading so that you are not affected by profit or loss. I think if you aware of these things during trading, you can easily control your emotions.

[Wakate]

What's the need to control your emotions when those that think they can trade very well can use all their money to gamble in the name of trading. I don't bother to advise people to trade wisely, I think it is time for them to have the same experience we had in the past.
Trading is fun but can be a catastrophe if care is not maintain with adequate risk management.

[pliego]

What's the need to control your emotions when those that think they can trade very well can use all their money to gamble in the name of trading. I don't bother to advise people to trade wisely, I think it is time for them to have the same experience we had in the past.
Trading is fun but can be a catastrophe if care is not maintain with adequate risk management.

That’s true. Trading can look like easy money until one bad move wipes out weeks or months of work. It stops being fun the moment risk management is ignored, and that’s usually when emotions take over instead of logic

Couldn't agree more. The irony is that the moment you feel totally confident and throw caution out the window is usually the exact top. That shift from disciplined trading to impulsive gambling is instantaneous once your risk rules get bent even slightly. Risk management isn't just about protecting your capital; it’s about establishing strict boundaries to protect you from your own ego and the desire to get rich quick.

[@nn@_pen9]

If your trading plan has been designed as well as possible according to your best version with observations and experience during trading, you should not regret it if your position almost touches the stop loss. SL is part of a plan to protect capital, not an indication of failure Regret often arises from emotions, but with a solid plan you can focus on the long term process rather than the results of a single trade.

If you don't like experiencing losses, you should avoid trading, as we all know, remember trading involves the risk of losing capital, so use money that you can afford to lose. In my opinion, it is better to avoid opening quick orders without a proper plan or overtrading because it is often driven by emotions such as greed or chasing losses which can worsen your finances or cause losses. Every decision you make is the result of your best version, don't regret if the price increases or feel stupid with this experience you can learn from every mistake or as an opportunity to learn and improve your strategy so that the future will be much better.

[laijsica]

What's the need to control your emotions when those that think they can trade very well can use all their money to gamble in the name of trading. I don't bother to advise people to trade wisely, I think it is time for them to have the same experience we had in the past.
Trading is fun but can be a catastrophe if care is not maintain with adequate risk management.

Risk management is a key issue for traders. Those who neglect this management and give priority to emotions have to pay the price of bad decisions through losses. Even the best traders can make mistakes, so they should inject the fund in moderation and within their tolerance. Ignoring risk management and even using all your money is a form of gambling.

[Fullcoinese]

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 seem to be lacking calmness in handling market situations. I also felt the same when I first started trading, and it lasted for quite a while. I learned slowly from my experiences. I also asked friends about the same issues I was facing, just like what you are experiencing. They told me to be more confident when setting targets. Even if the price target is reached and the price keeps rising, I shouldn't feel foolish. The key is to succeed in reaching the target that you set for yourself. That should satisfy you.