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Babubu609

My emotion towards trading

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If I want to trade in the crypto market use to be careful patiently I focused on each movement of market by checking the time against the price changes and Target the right time to create an order, I don't rush in to market, I am not greedy I don't panic I sell if I get even a small profit I sell and buy more. That was my emotion and attitude towards trading.

What are your emotions?

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6 hours ago, lovecrypto19 said:

What you do is not wrong, it's just that in trade we often experience panic and emotions that come suddenly. And I've also experienced that sort of thing.

Ok now I don't know what you are trying to say but if you are panicking to my experience and emotional you need to control yourself and this can be done if you have patience. Patient can give you the opportunity and effort to focused and understand the market and to control you from all that.

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7 hours ago, lovecrypto19 said:

We really have to be able to fight it all, so we can focus on the trade carried out. although in that case it is indeed difficult to do, but at least we must try..

 

That is right then what do you suggest to be the right way to fight this problem as it supposed to be done

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1 minute ago, lovecrypto19 said:

If we can't fight it, both emotional and panic. then no will not be able to become a good trader. So it is difficult to trade and hope for profit.

You are right we have to inculcate all this into our mind if can fight both the emotions and panic everyone can make it except if we wished to fail.

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31 minutes ago, lovecrypto19 said:

For failure may be possible, because in trading sometimes unexpected things can happen. whereas before we had done it all well.

Yes as a risk taker you can expect the unexpected but you can fight it when you apply your previous knowledge if you made mistake similar to it you can solve the problem by avoiding it to happen

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Yes if you are a trader than you should have to be patient. Don't be panic and work as you want. Keep eyes all the time on the market. Than we can earn in it. 

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On 4/23/2020 at 4:20 AM, Babubu609 said:

If I want to trade in the crypto market use to be careful patiently I focused on each movement of market by checking the time against the price changes and Target the right time to create an order, I don't rush in to market, I am not greedy I don't panic I sell if I get even a small profit I sell and buy more. That was my emotion and attitude towards trading.

What are your emotions?

Indeed my friend we must learn to control our feelings in the trading market in order not to be dragged into our feelings and thus cause all our money to be lost in the market

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Emotions are something very difficult to control. I've spent a lot of time controlling myself and my emotions, now everything's fine. If you can control yourself as well as now, I admire you. In order to succeed, it is necessary to control your emotions and not panic.

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15 hours ago, koussai999 said:

Indeed my friend we must learn to control our feelings in the trading market in order not to be dragged into our feelings and thus cause all our money to be lost in the market

Yes patient is the key and it is the important feature that help us control our feelings in cryptocurrency market in time of trading and investment.

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On 4/23/2020 at 12:20 PM, Babubu609 said:

What are your emotions?

Emotions have to do with the amount of our exposure into trading. If we are trading above our means then we will be panicked and we will make wrong decisions. If emotions get to us when trading perhaps we should consider reducing our exposure to our investments or trading.

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Rather than trading based on the feelings what the market will be like, I trade with facts and read experts diversified reviews. Study the chart and predict accordingly to my small knowledge and few experiences coupled with that of the experts. 


My Altcointalks username —° Raqeebzy

 

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I find it difficult to be calm while trading. With a small percentage of profit, I close the order. Every day I have several deals with a small percentage of profit.

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5 hours ago, BTC Future said:

If emotions get to us when trading perhaps we should consider reducing our exposure to our investments or trading.

We need to give full control to our emotions to fight the many challenges that will come up our way by reducing our exposures to our investment as you said.

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39 minutes ago, Babubu609 said:

We need to give full control to our emotions to fight the many challenges that will come up our way by reducing our exposures to our investment as you said.

Emotions are like the control itself, so trying to control to control your own emotions might be a bit of a challenge there.

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14 minutes ago, teminalibug said:

Emotions are like the control itself, so trying to control to control your own emotions might be a bit of a challenge there.

That is true they are the control and this has to fo with knowledge, experience , patient, confidence to win the challenges

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22 minutes ago, Babubu609 said:

That is true they are the control and this has to fo with knowledge, experience , patient, confidence to win the challenges

I think these can be controlled buy denying oneself desire, that is how you can be free of emotions getting the best of us in trading.

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13 hours ago, teminalibug said:

I think these can be controlled buy denying oneself desire, that is how you can be free of emotions getting the best of us in trading.

I believe with you dude that is the easy definition of emotion controlling your feelings get yourself free by denying our ideas.

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On 4/30/2020 at 8:29 PM, malik6314193 said:

Yes if you are a trader than you should have to be patient. Don't be panic and work as you want. Keep eyes all the time on the market. Than we can earn in it. 

But I think emotion and patience are important in any trader because we have so much patience but have no control in your emotion then we loss money, emotions plays major role in trading because if our trade goes in loss then we thinks its goes more loss then sell this coins.

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On 4/23/2020 at 1:50 PM, Babubu609 said:

If I want to trade in the crypto market use to be careful patiently I focused on each movement of market by checking the time against the price changes and Target the right time to create an order, I don't rush in to market, I am not greedy I don't panic I sell if I get even a small profit I sell and buy more. That was my emotion and attitude towards trading.

What are your emotions?

The most interesting part of your post is that you said you sell for small profit. This is an important point that many traders don't pay attention to. They think if they choose small profit, they are losers but it happens many times in trading that preferring smaller to bigger profits can save you from a big loss in the near future because you sell sooner and exit. It is a practice to learn how to fight against greed in trading. We should not reject small chances of earning during our trades because it is not known whether we will get a bigger one after that or not.

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Your attitude is very good towards trading, crypto trading requires this type of attitude if you want to be successful. I have the same approach. I always take my profit even if it is very small. Don't be greedy otherwise you will get nothing.

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You are right friend, you must check the market first how is performing before invest your money or coins. If you will rush to place your trading without reading the market, you will be losing every day.


Time is the ultimate weapon!

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Controlling your emotions leads you to make a good and right decision in trading. Because if a person can't control his/her emotion the action of being greedy may occur you will rush everything and you are eager to earn more money and your patient is getting shorter. That's why lots of trader fails and loose everything in trading.

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On 5/13/2020 at 5:03 PM, Brushless4500KV said:

They think if they choose small profit, they are losers but it happens many times in trading that preferring smaller to bigger profits can save you from a big loss in the near future because you sell sooner and exit

Of cause that is the fact when they couldn't appreciate a little profit and always expect high they will end up losing unexpectedly. If they are smart enough they would have gather it small profit gradually it will become huge. 

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all the points you have mentioned that i also follow the same points.i just don't rush into the  market and never choose any coin blindly.and when i start trading i just use to stare at the price for a regular interval in order to be very active and find a good time for te trading

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