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How emotions are controlled in trading

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It's now a well known fact that attaching emotions to making trading decisions could be disastrous, so arose the need to know how to effectively exclude emotions in trading. drop any tip you have below on how to control your emotions in trading.

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This is achieved through a carefully designed and recorded step-by-step action plan. The most profitable traders clearly know what they are looking for and follow each item on their plan. Their preparation for the trade begins long before the market opens - meticulous planning and unconditional fidelity to their plan help them avoid meeting the biggest demons of each trader - excessive trading and trading out of revenge.

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Every person and power is governed by his emotions
I think that this is a feature that may be in the person itself, you find it controls his emotions greatly
In addition to some self-control exercises becomes more powerful


 

Life is great and enjoy it

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I control my emotions by ignoring them and not doing so by distracting my attention on something else and this makes me forget for a long time to repeat the process whenever necessary

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You must draw rules and laws and put them on the red lines that must be applied and not to walk the opposite no matter what and thus will become control yourself because you have a law going on it
It's like when you find a sign that says "No smoking". When you see it, don't smoke because you'll be punished if you do.


THINK POSITIVE

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Trading is quite a nervous topic, and every step makes you nervous more and more, but you can also calm yourself in various ways, and focus more on trading, there are a lot of guides on the Internet for relaxation, very useful!

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one of the most important rules in trading is to trade without your emotion ,  no fear , no greed , no panic , if you succed in those you will succed in trading , good luck 😉 


Rate me if you benefit from my informations so i can give you more ❤️

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1 hour ago, kylepresz said:

Research is one way. If you do your research properly and look at all the factors that are likely to influence price over a certain period of time, you can be confident about your decisions. It's important that your trading is based on logical, mathematical calculations rather than what you "think" or "feel" is going to happen.

I agree with you that adequate research goes a long way to ensuring we trade rightly but I don't get it from your view how this helps to keep our emotions in check.

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Well, trading is always using our emotions and some things that I think can at least calm our emotions when angry / sad when trading is listening to slow songs (Some 80s-90s Will be good, Some Tea / Coffee and cigarettes if you smoker, it always makes I am calm and can control my emotions.

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One of the ways I apply  in other to control my emotions in trading is taking a walk after each trade and this is irrespective of the outcome of the previous trade, whether profit or loss, I take a walk

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On 11/5/2019 at 9:14 AM, kobi said:

It's now a well known fact that attaching emotions to making trading decisions could be disastrous, so arose the need to know how to effectively exclude emotions in trading. drop any tip you have below on how to control your emotions in trading.

It comes down to discipline. In the past, I've found that changing my mind always results in loss. I start out with a plan, and then I see something and then change my mind. Once you have made up your mind, you need to stick to it and ignore your feelings.

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The best way I control my emotion on trading is to be patience I don't give in to greed or fear, I always remain claim and patient a opening on the market will come for me, all I need to be is patient, emotions in trading will always be dangerous for you.

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4 hours ago, Bapet said:

Emotions greatly affect trading. If you are not in a good mood then don't trade. You will experience a loss. You need to be calm when trading. Do not be greedy

You're absolutely right, emotions can also play not only when you're not in a good mode but also when you're in a very good mode, excitement can also trigger failure in trading.

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On 11/5/2019 at 2:14 PM, kobi said:

It's now a well known fact that attaching emotions to making trading decisions could be disastrous, so arose the need to know how to effectively exclude emotions in trading. drop any tip you have below on how to control your emotions in trading.

Emotional control, such as fear and greed is a human nature that we must overcome when trading crypto.  Fear Control, Think first of the risks that will be obtained. Don't trade if you are afraid of loss. Gredd Control , You have to know when to sell, because changes in the crypto price are so fast, do not wait until the price of crypto goes up again usually the situation actually turns the price down. Set on an initial plan and make rational decisions.

 

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5 hours ago, gabriela said:

We have to make decisions that are not clouded by emotions. Making decisions such as in trading is important but if you take your being "emotional" person, at some point, it will affect the ability of that person to think properly.

True, and one of the ways we think properly in trading is that you should not look at your profit and loss while you are trading because this can cause an emotional imbalance within you.

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On 11/5/2019 at 12:40 PM, Zzoro6110 said:

I control my emotions by ignoring them and not doing so by distracting my attention on something else and this makes me forget for a long time to repeat the process whenever necessary

How do you achieve ignoring your emotions, do you do it by killing the desire to trade rightly or killing the desire to profit, there has to be a kill switch to this guy called emotions.

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emotion control is very hard. But Every traders had a plan it should be. i buy coin when price go down and sell it when price go up

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42 minutes ago, bichou1584 said:

Control and control of emotions is not gained by the trader only after long experience. This field is difficult and dangerous and is one of the most difficult business in the world

That's right, to be able to control emotions, we need a long time, also experience so that emotions will be more controlled.

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The point is patience and calm in running a trade, do not be too hasty in choosing coins, try to analyze first, try reading the chart.

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On 11/5/2019 at 3:14 AM, kobi said:

It's now a well known fact that attaching emotions to making trading decisions could be disastrous, so arose the need to know how to effectively exclude emotions in trading. drop any tip you have below on how to control your emotions in trading.

I have mentioned many times that trading is important with or without emotions, since with emotions at your fingertips you make so many silly and childish mistakes necessary to understand what is wrong and that you have lost thousands of dollars in the market.
Trading reaches a point where it will force you to be without emotions to be able to advance higher and if you are not capable of that, the trading will automatically end up defeating you and retiring from the market in the short term for not being able to change your attitudes and your habits.

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5 hours ago, Joo said:

My freind I control my emotions by ignoring them and not doing so by distracting my attention on something else and this makes me forget for a long time to repeat the process whenever necessary... 

 

that's right man, to control emotions when trading crypto we have to turn our attention to the chart or order history that is running, because that will make us always think.
maybe by shifting play to free coin claims on yobit exchange could be a solution ..

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1 hour ago, One_Bitcoin said:

Controlling emotions in trading is not easy, it is for me, sometimes emotions are present without being invited, that is when we are not satisfied with small profits, then want to try greater profits, rather than profit, the price of coins actually drops dramatically.

For many it is not easy, I have also been there especially when I started trading I saw how a currency in which I had put all my money went down and down and people told me that I was going to go up, but it never happened. What you should do is learn to control your emotions or they will do it with you.

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On 11/5/2019 at 7:40 PM, Zzoro6110 said:

I control my emotions by ignoring them and not doing so by distracting my attention on something else and this makes me forget for a long time to repeat the process whenever necessary

It is effective! By ignoring and put your attention to something else makes you forget about something and you'll  not get too much emotion for this, just go with the flow. It will help you not to be anxious about the trading.

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On 11/5/2019 at 2:14 PM, kobi said:

It's now a well known fact that attaching emotions to making trading decisions could be disastrous, so arose the need to know how to effectively exclude emotions in trading. drop any tip you have below on how to control your emotions in trading.

There is no special way, keep the emotions and think more rationally. In my opinion emotions can sharpen intuition, as long as you can think logically to trade, then playing with emotions in trade decision making is possible.

 

To control your emotion, you must have good trade management and make your own trading rules.

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