psycology Emotions playing with your money

[Tunuu 2235]

Emotion is a bad thing and we have to trade without applying that. Many people can't control themselves and that is why they get emotional and they end up losing their trades.

[Onden 2098]

In my opinion trading is a job that is full of risks and I don't want to play here, I see trading is something that is full of risk but profitable, every investment has a risk and I keep trying to minimize risk so that my trading is profitable. In this sense I am not addicted to trading but trading is a necessary work in life.

[Dangasa 168]

About all of beginners look to emotion. It is wrong. You should think about learnig. Not about money or profit. If you hink only about pofit you can not manage you emotions. So keep your mind

[Wanderdark 2178]

The effects of emotions like fear and greed in trading is an important aspect to consider. The fear of losing causes traders to delay the acceptance of a loss, which turns into greater losses, and the fear of giving back profits which make traders close good trades early.

Greed causes a impulsive trading decisions and should be avoided. 

[MrRobotElija 62]

Last time I lost 3k$ with emotional trading. Its terrible  

[cryptolover55 18]

There are a very useful book for understanding your emotions - Jared Tendler "Mental Game of Poker"

[Antxxx 33]

On 10/24/2019 at 11:01 PM, cryptokram said:

Let me correct you something, in trading it is not possible that we shouldn't use our emotion. Only a matter is that we must use our emotions in a right manner, because once we do use it properly surely we can achieve the profit rewards from it but if we use in a wrong procedure, of course we will loss our coins in the end for sure. 

Agree, we are humans after all, the equilibrium should come when we can manage our emotions in the way we use into the marketplace, also understanding everybody's emotions it's very useful for the same purpose.  Fear and confidence , Ying and Yang.

[valvaltv 252]

On 22.10.2019 at 23:38, Keith700 said:

Many beginners look for emotion and tend to over-trade, but the big traders see trading as something lonely and boring, being very profitable, the simple is better because you do not need indicators, and you should only see a graph. If you can't earn money from a single graph without indicators, adding more things to analyze will only make money harder. Also, only take the best of the best trades until you can consistently win.
Decide if it is a hobby or a job so as not to put your money at risk. If it is a hobby, you better find another one because this is going to be very expensive and dangerously addictive. All the big traders are probably addicted to trading, but most of the trading addicts end up broke and without money.
Keep emotions away from trading, because they play with your money on a super exponential scale.

I do not think that if trading is a hobby, then you need to look for an alternative to it. Many people have a hobby - to play in casinos, slots. Trading, on the other hand, is much more rewarding and has the potential to bring much more in the long run. After all, we all know that only casino owners make money in casino.

[Luchoalucero 22]

Yes, we must control our emotions otherwise they will lead us to lose all our money. The goal is to find mental balance and not let our emotions play with our money. Good luck to you all.

[ricardoramc 49]

Normally when you start in the world of trading you get carried away by the emotions that you can earn a lot of money, however, you never take into account what you can lose, and when you have some experience, you realize that enough one or two operations per week that give good profitability without the need to be over-trading, many people use indicators, others only price action, what to look for is a form of trading that suits our style

[Abdalrazig 1865]

A true trader knows how to control his emotions not to execute them, I agree the mind is the part which makes decisions but emotions can very helpful sometimes, don't get overwhelmed and try to be more confident about your decisions, losses happen but not all the time.

[yato987 2811]

this thing is very important to be understood by people , never get addicted to crypto , take it as a part-time job especially when it comes to trading because there is not always huge profits , sometimes the risk may cost you all your money you earned from it , so think twice before taking any deal 

[rahmi777 320]

You must follow strict financial management in your trading so as not to let your emotion affect you because most traders lose their money from the psychological factor. You must go according to a well thought out plan and follow it, and I assure you that you will succeed 

[RDvamohaya03 36]

You have to be very careful with your emotions since they are always there, there is what you have to try to always control everything to the maximum since it can be harmful when negotiating

[Anton739 48]

I totally agree. Many times coauthor myself on that. Same with gambling. For all situations I have lost more than 5000$. I do not recomend new traders to do the same thing. Control yourselves. 

[felipe isaza 15]

in the currency market emotions have to be out of the game since money is at risk at all times

[Muayad 125]

Emotions and an exaggeration in imagining the gain, it is a dangerous thing in the trader’s psyche and inevitably makes him lose his money dramatically.

[SuperCrypto 7193]

Among the most powerful feelings and emotions that influence decision-making in trading are fear, greed, and anger. We are all affected by these feelings when trading, depending on the nature of the situation and how our trades are positive or negative. Because a person's psychological state consists of a set of thoughts and feelings that drive him to act.

[juan francisco reynaldo garcia 39]

On 10/22/2019 at 10:38 AM, Keith700 said:

Many beginners look for emotion and tend to over-trade, but the big traders see trading as something lonely and boring, being very profitable, the simple is better because you do not need indicators, and you should only see a graph. If you can't earn money from a single graph without indicators, adding more things to analyze will only make money harder. Also, only take the best of the best trades until you can consistently win.
Decide if it is a hobby or a job so as not to put your money at risk. If it is a hobby, you better find another one because this is going to be very expensive and dangerously addictive. All the big traders are probably addicted to trading, but most of the trading addicts end up broke and without money.
Keep emotions away from trading, because they play with your money on a super exponential scale.

USDT or DAI, it does not increase your money, but it is possible to remain stable and if you are from another country, then in a few words you have dollars, but if you use bitcoin you can win or lose according to the market

[juan francisco reynaldo garcia 39]

On 10/22/2019 at 5:08 PM, Thekingcallme said:

Emotions can destroy your money and make you lose it
That is why it must be dispensed with and use the mind instead of it

one should not get carried away by emotions that is what happens, you have to be cold about numbers and cryptocurrencies because anything can happen

[BrolySSJ 7899]

I completely agree with you. As a new trader, I have found that it has been very hard to keep my emotions from trading separate as it is a natural human emotion that you start to panic when you see the prices going down and panic buy when you see the prices going up. This is natural, however in order to be successful in the field and to not be addicted in any way to the prospect of trading, you need to make calculated decisions based on the markets and the trends, and of course the market indicators. many do not look at this, and i myself am guilty of this too. 

[Brushless4500KV 4214]

Eliminating emotions altogether is not beneficial. Having positive emotions help to encourage you to stay stronger in your positions. It is only negative emotions that should be omitted because they impede your reasoning and don't let you think clearly. Controlling is much wiser than elimination. If you can control emotions and use them in a way to keep you energized and motivated during your trades, you will manage to improve your results. Having excessive emotions is as harmful as having no emotions at all. Just try to stay balanced and focused.

[Froshk 1828]

To succeed in either trading or investment in cryptocurrencies one has to detach emotions and wear a total business mindset else emotions will only stop you from achieving your goals 

[althaaqib 187]

If you thought you wouldn't have enough money to do what you wanted and live as you imagined,
Feelings should be kept at bay for (traders)
You will subconsciously deny the control you have over your future that no one else has, and therefore you will not. You have goals, you will not want to face difficulties, and plan your critical guide, you will feel surrendered.
The knowledge you have about yourself and the money you have has an incredible impact on your actions and the moves you take to achieve your goals. Be aware of what you are doing.

[Rabnawaz 2]

 Its  no secret that money and emotion go hand in hand we work hard to take care of familes  and ourselves and save up for the futur money can impact our stress level and mental health amd personal realtionship money is not everthing