psycology Emotions playing with your money

[Keith700 1885]

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.

[setifien 1016]

Every traders must keep his emotions away from his signals and trading job (or at least he must control himself and try to do the best without FOMO) 

[Thekingcallme 1975]

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

[cryptokram 102]

On 10/23/2019 at 2:30 AM, james said:

emotion in trading is make you very poor. you will lose if you take trades based on emotions, fuds, without a reason etc.

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. 

[Devh 564]

On 10/22/2019 at 9:38 PM, 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.

Lol some time newbies tend to a big trader while they deposit some big amount but in the end they realize that they are in loss. For such newbies please stay away and keep calm when you are on trade. Your content was interesting so +1 for you.

[Keith700 1885]

On 10/23/2019 at 1:54 AM, cutecute said:

Mostly we will be driven by emotions specially when we are just new in crypto or in trading, and in our first experience in trading and we gain big profits we might get greedy and invest all of our money in just a single coin and after some time its price decreases, always keep to our minds that we need to be wise in deciding which coin to trade or which coin to hold and do not let ouy emotions drives us.

What you are mentioning is a secondary feature, now investing all your money in a single currency is somewhat unethical in the world of finance.
If it is true that we are driven by emotions but those emotions must be educated and that they are sufficiently directed not to go bankrupt and socially avoid saying that cryptocurrencies are a difficult world, it is not, the difficult is the person.

[Khan 1414]

On 10/22/2019 at 10:21 PM, SUGI5091 said:

In world of trading the most infortant is focus, patient and rilax. Emotions can making in trading you can be lose and lose if you emotional in trading. 

May be the emotion is one of the cause of the losing the money but their might be other reason also and some of them is the Gambling, wrong trade and insufficient knowledge.

[RyujinONE 131]

2 hours ago, Khan said:

May be the emotion is one of the cause of the losing the money but their might be other reason also and some of them is the Gambling, wrong trade and insufficient knowledge.

Cause knowledge & trading tools we can learn it, but for the emotional was really hard to handle it. I also have experience with trading also my friend too they tell to me everyone can learn and make a prediciton for the market but not everyone cant handle the emotion. Emotion & psycology the bigest enemy for every trader.

[flomopeter 135]

Emotion is  bad for trading especially trading with cryptocurrency, they can cloud your judgement and that is not good, many gets greedy while trading and let the guide down forgetting to know that the cryptocurrency market is very volatile, changes can happen any moment, if not prepare you will lose.

[Keith700 1885]

On 11/3/2019 at 6:17 AM, flomopeter said:

Emotion is  bad for trading especially trading with cryptocurrency, they can cloud your judgement and that is not good, many gets greedy while trading and let the guide down forgetting to know that the cryptocurrency market is very volatile, changes can happen any moment, if not prepare you will lose.

Of course, even emotions at zero constitute an emotional part of a serious trader, and of course in the cryptoactive market it is very hard to walk with the feelings to the surface, it is better to keep feelings away from all the details of operations not only in crypto , but also in Forex, Stocks, Futures, among other interesting pairs.

[scorpiali 5626]

In trading there is no time of emotion at all keep them out of all your trade because you will lose any thing,be strong and don't panic like other traders and don't follow other sellers

[flomopeter 135]

7 hours ago, Keith700 said:

Of course, even emotions at zero constitute an emotional part of a serious trader, and of course in the cryptoactive market it is very hard to walk with the feelings to the surface, it is better to keep feelings away from all the details of operations not only in crypto , but also in Forex, Stocks, Futures, among other interesting pairs.

Yeah keeping emotions out is a good thing for traders to do it will help you think better and allow you to trade with your knowledge and experience, emotional thoughts on the cryptocurrency is your ticket to making bad decisions.

[SagingHilaw15 35]

Many traders tend to panic whenever they lose the trading, resulting in bankruptcy. Because they don't have control over their emotions, the emotions tend to control them. You should learn how to control your emotions so that you can have control over everything.

[ultimateclub 392]

On 10/22/2019 at 10:38 PM, 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 appreciate you mate. I am not so expert in trading. But i follow the graphs always and trade volume before trading. Perhaps sometimes i am being emotional and then suffer a lot. Thanks for this post as many will be benefited with this.

[Cryptominded 704]

On 10/22/2019 at 5:38 PM, 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.

Can't pinpoint what exactly is your point! You talked about emotions and then use of indicators as reasons recipes for loss, but I think that's not the exactly true. Emotions are spoilers no doubt, but use of indicators enables a trader to trade according to plan or just watch the market until conditions are fulfilled.

[IrinaLavrinova 365]

There is the concept of “comfort zone”, which implies clarity of thoughts and the absence of emotional influences. When you are in a comfort zone, control over your own behavior is maintained, which makes it possible to use any trading strategy as logically as possible, adhering to its system.

[Scottsummers 347]

The mind should make dicisions, but but not the emotional side of it. Business decisions or investments should be based on knowledge and a proven track record. However some of my best decisions are on feeling. It will cost sometimes but others not. I always try to stick to my % in my mind and don't budge. Even if the market leaves without me. That feeling is awful and can cause you to make stupid decisions just to watch the whole thing go back down again. 

[nasipadang 399]

On 10/22/2019 at 11:38 PM, 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.

Which big trader sees trading as a boring activity? I think all traders also need indicators, even professional ones. the absence of indicators can indeed make profits, but that is based on their experience and luck as well. Emotions can not be separated in living things, so whatever his hobby is risk (trade losses) that must be taken.

[sidik7 1217]

if we are emotional in trading that is clear we cannot control the strategy in trading well even it will make us lost in trading , we need a character who is patient in trading and dont get carried away.

[Sagor 500]

On 10/23/2019 at 12:30 AM, james said:

emotion in trading is make you very poor. you will lose if you take trades based on emotions, fuds, without a reason etc.

Emotions should be controlled when doing trading. in trading the condition may be changed any time. so all should be patience when doing trading.

[Yanadia 1517]

On 1/27/2020 at 4:56 AM, hamza1 said:

account hacked via social engineering. The scammer had the guy's cell number among other info, like where he went to college, etc.  With some of that info,

That feeling is awful and can cause you to make stupid decisions just to watch the whole thing go back down again. 

Yes but In the end, everyone was just busy taking care of himself.  His interests, profit and loss.  Money.  Popularity.  But only those who care, advise each other, are truly fortunate.

[Mwangi 5611]

Yes it does, that is because when sometimes you want to get into the market and you see that something is about to happen , then take cation, dont do anything because the rest of the people are doing, but be careful to put together a certain position and research to make sure that it is working well for you. always take your time, never trade using emotions otherwise everything will be lost for you.

[Shaza Ahmad 1682]

I totally agree with you, trading is not easy, and we must move away from the passion in trading and rely on reason and logic and try to buy and sell in the right place.

[Shahud 1319]

We should never let our emotions to play with us .we should always control it .specially in the trading if emotions control us then it wikl result in the serious loss

[bliznec 22267]

Emotions in cryptocurrency trading should not be dealt. This indicator is not very effective in relation to trading with crypto.