You just have to know what your emotional limit. - Page 12 - Crypto World - CryptoTalk.Org Jump to content
alexisfuentes

You just have to know what your emotional limit.

Recommended Posts

In my opinion, a trader should be less emotional in his trading and business thet he is doing. Emotions make us very weak. We should set  lits to our emotions. You are right when you said limit.

Share this post


Link to post
Share on other sites

I think the emotional limit for crypto must be high for trading. If someone gets emotional earlier then he is most likely to give up earlier. Some people also develop high limit after entering crypto.

  • +2 1

Share this post


Link to post
Share on other sites

Yes I agree with your post but frankly I do control my emotions when things are going the other way and I have not even for once think of retiring rather I just accept patience and take a break for 24 hours, after am fully ready then i continue again.

Share this post


Link to post
Share on other sites

The crypto market is volatile and trader and investors need to control their emotion while making transactions. Is better to use self confidence in making transactions than using our emotion. 

Share this post


Link to post
Share on other sites
On 12/20/2019 at 11:36 AM, alexisfuentes said:

The trader is full of emotions, the predictions bring us many disappointments, the pump-dump, are a substantial part in the handling of emotions too, in general volatility is something that should be taken advantage of do not let yourself be put in a state that affect emotionally.

 

The premise is to know how far you can support all this information and put it to good use. You should to Know  what is your limit emotional,

 

So, you can think about temporarily retiring  or continued with very strongly.

 

what do you Think?

 

 

The best solution to emotions if someone cannot control them in my opinion is to set a goal, placing a sell order with your stop loss and thus lose the high chances of losing everything and leaving fear.

  • +2 1

Share this post


Link to post
Share on other sites

In trading,  emotion is the main obstacle.  Who control is,  he can control his business properly. But who doesn’t control it,  he fall in problem. so, in trading, we should free from emotions and that kinds of obstacles that can be harmful for us.  

Share this post


Link to post
Share on other sites

For my taste, this is the most difficult thing in this world of cryptocurrencies, the echo of emotions, only those who are able to control them both when you make profits and when you are losing and have the patience to withdraw or wait in the long term to recover without doubts this is the most difficult and once you have mastered this, we have almost complete our self-control.

Share this post


Link to post
Share on other sites

We should act as professional in this and I definitely agree that we should I limit our emotion interns of trading. In every fail in this we should take it a lesson and we should always trade the amount of money we afford to lose.

Share this post


Link to post
Share on other sites

Yeah we need to be careful with our emotions cause it can lead to panic and cause us to make bad decisions on the market, we should know our emotional limits to know when to leave or stay on the market

Share this post


Link to post
Share on other sites
On 12/20/2019 at 11:36 AM, alexisfuentes said:

The trader is full of emotions, the predictions bring us many disappointments, the pump-dump, are a substantial part in the handling of emotions too, in general volatility is something that should be taken advantage of do not let yourself be put in a state that affect emotionally.

 

The premise is to know how far you can support all this information and put it to good use. You should to Know  what is your limit emotional,

 

So, you can think about temporarily retiring  or continued with very strongly.

 

what do you Think?

 

 

I totally agree, sometimes we must remain calm because we think that being a lost order can make us despair so staying calm is the most important thing when starting to trade.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

By emotional limit you mean if someone loses or wins too much money to be in a state of calm that don't affect his life. Although you can mean anything as I haven't heard of this term before. Probably has to do with losing money from your investment decisions. What I think should be done is to have better plan when investing.

  • +5 1

Share this post


Link to post
Share on other sites

Exactly what you say about controlling emotions and knowing your limits is an important matter in the crypto field,
Control of emotions is very important, especially negative feelings that may cause losses or lead a person to follow the attempt to take revenge on the market to make up for what he lost.
And every person has to know the limits of his feelings and himself to know whether crypto is a job he can continue doing or not.

  • +1 1

Share this post


Link to post
Share on other sites

If you do not control your emotions you will be destroyed by them.You must control them so that you can make good profit and be a professional trader.

Share this post


Link to post
Share on other sites

Yeah, often my emotions affect me because I always feel afraid of losing money so I choose the wrong option to buy and sell without thinking well. So we must give up our emotions and think with our mind well and always plan to earn money in the best way.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Emotions are one of the things that most negatively affect traders because many traders do not trust their analysis and the strategies they follow, and they make many mistakes because of their fear, so we must move away from our emotions and be confident of our decisions.

  • +3 1

 

 

Share this post


Link to post
Share on other sites

Everyone has emotional boundaries, if you want to start trading we have to control your emotions so that trading mistakes don't occur. The market is full of volatility, if we are not able to handle it then trading can be risky. Pumps and dumps keep happening so we have to be careful with emotions.

  • +1 1

Share this post


Link to post
Share on other sites

This where many traders got disappointed, when ever you are online for trading you need to control you emotions on expecting high increase in coin because it can fall and raise anytime when you expectation become high and the price fall drastically you become disappointed and can cause something bad to you for this you need to control your emotions 

  • +1 1

Share this post


Link to post
Share on other sites

You have to be sensitive when you work. You really have to invest in the car for business. You must make your inner feelings clear to invest. You have to have experience and feelings. To do good trading, you must earn value and start trading.

Share this post


Link to post
Share on other sites

the emotional aspect is perhaps very important in such a case.  and in any case, in principle, too.  if you are emotionally unstable, then it is better not to go into a topic related to money, otherwise you can lose everything, or work on it.

Share this post


Link to post
Share on other sites
On 12/20/2019 at 4:36 PM, alexisfuentes said:

The trader is full of emotions, the predictions bring us many disappointments, the pump-dump, are a substantial part in the handling of emotions too, in general volatility is something that should be taken advantage of do not let yourself be put in a state that affect emotionally.

 

The premise is to know how far you can support all this information and put it to good use. You should to Know  what is your limit emotional,

 

So, you can think about temporarily retiring  or continued with very strongly.

 

what do you Think?

 

 

I agree with you friend just like other life endeavors, trading could get really emotional and due to the involvement of earning such emotions can be heightened. Losing is never fun, but never giving up is the best way forward.

Share this post


Link to post
Share on other sites

This is indeed a real topic that is useful for every crypto traders. Our emotions is very important whenever we want to trade and we must be able to control it whenever we want to trade. The pump up in the rise of any coin should be taken advantage on by our emotions to quickly trade on it to earn profit though we shouldn't let the emotion push us not to to do a true analysis before trading on that coin.

Share this post


Link to post
Share on other sites

Good day mate. You are absolutely right. It is important for all traders to know there emotional limit. This will help you to know how to handle situations in cases of lost or confusions. Knowing this things will make you to become more composed and strategic

Share this post


Link to post
Share on other sites

Yes it is important for us to know what our emotional limits are because it is very necessary so without us knowing out emotional limits then we don't know what we are doing in the trading 

Share this post


Link to post
Share on other sites

I have always considered that those who operate with cryptocurrencies, whether in spot markets in long terms or with the futures market, must have an immutable temper, that is, the limits to withstand stress and the loss of funds must be a problem for them. For example, when I don't feel comfortable, I take breaks.

Share this post


Link to post
Share on other sites

I also agree with you because doesn't matter how experienced you are and know hoe to control your emotions you won't be able to stop yourself by being happy when you see a huge profits or from being afraid when you are in loss 

here is the time you try to limit your emotions from affecting your brain and decisions and depends on your experience in the field you will be able to make the better choice for yourself

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • да, ситуация с эфиром приведет к парадоксу. придется отменять свое решение о признании ценными бумагами многих монет блокчейнов первого уровня. хотя и тут СЕК может как-то попытатьяся отвертеться.
    • да, читал об этом. биткоин-ЕТФ были запущены сразу после одобрения СЕК. а почему с эфирными такая задержка? не могут окончательно решить ценная бумага эфир или нет?
    • в то время нынешний уровень цены был пиком для биткоина. сейчас это всего лишь промежуточное значение и кто знает, каким будет максимум.
    • Dear Users of CryptoTalk forum we would like to inform you about the opening of a new exchange service Rebex.io! With the development of the world economy, digital assets are becoming more and more popular, and Rebex.io is proud to provide brand new tools for those who want to exchange cryptocurrency easily, quickly and safely. Our key benefits: - We offer some of the fastest and most secure transactions in the industry. -Fast exchanges you can trust. - Rebex.io supports a huge selection of cryptocurrency pairs, allowing you to choose the ones that fit your needs and goals. - We give the highest priority to the safety of your assets, giving you a guarantor to keep your money safe. - Our platform is designed to make cryptocurrency exchange as simple and convenient as possible. Even beginners will be able to navigate easily. - In order for you to make an exchange - registration is not necessary. - The exchange can be done at any time of the day or night, all for your comfort. - Prompt tech support team, which will also answer you at any time and help you solve any question and problem. Rebex.io strives to be your trusted partner in the world of cryptocurrencies by providing outstanding services and customer support. We are proud that our platform will contribute to your financial success and enrich your cryptocurrency exchange experience. Join Rebex.io today and start exchanging cryptocurrency with confidence and ease. You can learn more about our platform and services by visiting our website www.rebex.io. Our contacts: support@rebex.io  
    • XELIS (XEL) Mining Pool A new era of cryptocurrency is here. XELIS is an innovative cryptocurrency built from scratch to preserve privacy and developed in Rust for guaranteed memory security. XELIS is a private blockDAG with Homomorphic Encryption and Smart Contracts. BlockDAG + Homomorphic Encryption + Smart Contracts — join the technological revolution. SRBMiner-Multi v2.5.5+ (Windows, Linux, CPU, AMD, NVIDIA, INTEL) Open start-mining-xelis.bat file and copy / paste example below.   setx GPU_MAX_HEAP_SIZE 100 setx GPU_MAX_USE_SYNC_OBJECTS 1 setx GPU_SINGLE_ALLOC_PERCENT 100 setx GPU_MAX_ALLOC_PERCENT 100 setx GPU_MAX_SINGLE_ALLOC_PERCENT 100 setx GPU_ENABLE_LARGE_ALLOCATION 100 setx GPU_MAX_WORKGROUP_SIZE 1024 @echo off cd %~dp0 cls SRBMiner-MULTI.exe --disable-cpu --algorithm xelishash --pool de.xelis.herominers.com:1225 --wallet YOUR_XELIS_WALLET_ADDRESS.YOUR_WORKER_NAME pause   How to Mine XELIS (XEL)? Complete Beginner’s Guide
    • GamersXP is a Proof-of-Achievement (PoA) gaming reward platform that combines play-and-earn mechanics for mainstream AAA games, eSports tournaments, giveaway raffles, P2E games, and DeFi. GamersXP aims to integrate traditional gaming with Web3, providing gamers with opportunities to earn real rewards while playing their favorite games. GamersXP Products   GamersXP Reward dApp (Beta)   Gamers can earn cash and crypto by completing in-game challenges and participating in custom contests.   Integrates with popular PC games such as CS2, Fortnite, PUBG, Overwatch2, Rocket League, and Minecraft.   Download: https://www.overwolf.com/app/GamersXP-GamersXP   Upcoming Products   GamersXPBox: A hub to list games (Coming Soon)   GamersXP Giveaways Pass: Participate in giveaways by buying entry tickets (Coming Soon)   GamersXPesports: Compete in eSports tournaments to earn real rewards (Coming Soon)   GamersXPcard: Virtual card for earning and spending crypto (Coming Soon)   GamersXPID: Proof of Achievement NFT as a gaming ID (Coming Soon)   GamersXPLevelUP : LevelUp your gaming experience (Coming Soon) GMXP Token Pre-Sale Information   Token Name: GMXP   Total Supply: 800,000,000   Network: Polygon   Contract: https://polygonscan.com/token/0x6ca6f60bd339da93124ba29e4fd957aee766b1b3.   Presale URL: https://trade.kanga.exchange/a/xDPntvoy.   Pre-Sale Date: June 5th, 2024   TGE Estimation Date: July 2024   Key Points:   30 million GMXP tokens available at $0.005 per token (35% lower than public sale price).   Early investors get a 2% cashback on their investment through referral link provided by the influencer.   Influencers receive a 4% commission for transactions made through their unique referral links. Roadmap and Goals for 2024    Milestone 1 (May 2024): Raise €50-150k through private sales.    Milestone 2 (June 2024): Grow the community and implement branding changes.    Milestone 3 (June 2024): Secure partnerships with top-tier launchpads and CEXs.    Milestone 4 (July-Aug 2024): Conduct public IDOs and list the token on reputable CEXs. Core Team   CEO-CTO & Co-Founder: Christos Panayiotou - Entrepreneur x3, Crypto entrepreneur since 2014 (170+ BTC Mined), 18+ years in IT & Business.   COO & Co-Founder: George Xenophontos - Entrepreneur x2, Passionate semi-pro gamer for over 15 years.   Tokenomics and Treasury Experts: Trireme Trading Connect with GamersXP    Website: https://www.gamersxp.io/    Twitter: https://twitter.com/GamersXP_GMXP    Discord: https://discord.com/invite/yAgzJS7cuN    Telegram: https://t.me/GamersXPOfficialChat    Linkedin: https://www.linkedin.com/company/gamersxp Resources:    Pitchdeck: https://docsend.com/view/8z8bs6khve6tfuwj    Whitepaper: https://gitbook.gamersxp.io/whitepaper    Legal Opinion: https://docsend.com/view/3y3hu6zpsw7fya7f    Tokenomics: https://gitbook.gamersxp.io/whitepaper/economy/usdgmxp-token-overview-or-specifications
    • Нью-Йоркская фондовая биржа (NYSE) будет сотрудничать с CoinDesk Market Indexes для запуска продуктов, отслеживающих цены на биткойны.  Это сотрудничество станет расчетным индексом, который откроет новые возможности для торговли опционами на биткойны. Это принесет пользу традиционным трейдерам и инвесторам, использующим индекс цен биткойнов CoinDesk (XBX), самый продолжительный спотовый индекс биткойнов ( BTC ). «Поскольку традиционные учреждения и обычные инвесторы демонстрируют свой широкий энтузиазм по поводу недавнего одобрения спотовых биткойн-ETF, Нью-Йоркская фондовая биржа рада объявить о своем сотрудничестве с CoinDesk Indices», — сказал Джон Херрик, директор по продуктам New York Stock. «После одобрения регулирующих органов эти опционные контракты предоставят инвесторам доступ к важному ликвидному и прозрачному инструменту управления рисками». В настоящее время XBX отслеживает спотовую цену Биткойна в долларах США в режиме реального времени на нескольких криптобиржах. NYSE считается крупнейшей фондовой биржей в мире с рыночной капитализацией около 39 триллионов долларов . Что означает это сотрудничество Сотрудничество происходит в период позитивных настроений в отношении биткойнов, когда в начале этого года было одобрено создание спотового биткойн-ETF . Это сигнализирует о том, что NYSE хочет присоединиться к общей тенденции рынка криптовалют. Спотовый биткойн-ETF позволяет обычным инвесторам быстро получить доступ к биткойнам без непосредственной покупки и хранения криптовалюты, используя свои обычные брокерские счета. ETF предлагает более высокую ликвидность и более легкую торговлю в традиционные часы рынка. Это сотрудничество NYSE и XBX означает, что инвесторы теперь могут торговать опционами с денежным расчетом, что позволяет инвесторам хеджировать или спекулировать на изменениях цен на биткойны.  Опционы могут быть непростыми, но такая схема позволяет традиционным трейдерам Уолл-стрит торговать обычными индексами, не требуя новых финансовых инструментов или счетов. По сути, это упрощает для инвесторов процесс управления рисками и реализации передовых торговых стратегий.
    • FOXbtc - это надежный и удобный обменник криптовалют, который предлагает широкий спектр услуг для обмена криптовалют и наличных. У нас вы можете быстро и безопасно обменивать Bitcoin, Ethereum, Litecoin и другие популярные криптовалюты. Мы гарантируем высокий уровень безопасности и конфиденциальности ваших сделок. Кроме того, наш обменник работает круглосуточно, что позволяет вам обменивать криптовалюты в любое удобное для вас время. Присоединяйтесь к Foxbtc.pro уже сегодня и начните обменивать криптовалюты легко и удобно!" Контакты: E-mail - FOXbtc_pro@protonmail.com TG - @FOXbtc_pro
    • CryptoNews of the Week     – On May 23, the U.S. Securities and Exchange Commission (SEC) approved form 19b-4 applications from eight issuers of spot Ethereum exchange-traded funds (ETFs). However, trading of ETH ETFs will only commence after the SEC signs the form S-1 statements. According to Bloomberg analyst James Seyffart, this could take "weeks or months." Before trading begins, the price of Ethereum could rise to $4500, as predicted by Arthur Cheong, founder and CEO of DeFiance Capital. Commenting on the approval of spot Ethereum ETFs, JPMorgan referred to this regulatory move as a political decision ahead of the U.S. presidential elections.   – The theme of cryptocurrency continues to strengthen in the pre-election rhetoric of U.S. presidential candidates seeking votes from the crypto community, which, according to NYDIG, comprises over 46 million U.S. citizens or 22% of the adult population. Former President and Republican candidate Donald Trump reiterated his support for the industry, this time in a post on Truth Social. "I am very positive and open to crypto companies, and everything related to this new and growing industry. Our country must be a leader in this field. No second place. Dishonest Joe Biden, on the other hand, the worst president in our country's history, wants [the crypto industry] to die a slow and painful death. This will never happen under my watch!" Trump wrote.   – On May 24, the Shiba Inu dog named Kabosu, the meme hero and symbol of Dogecoin, passed away. In November, Kabosu would have turned 19 (approximate birth year - 2005). Kabosu first gained attention in 2010 when her owner posted photos of the dog on her blog. It was Kabosu who inspired programmers Billy Markus and Jackson Palmer to create the meme cryptocurrency Dogecoin in 2013. Memes featuring Doge also became popular on Reddit, where a dedicated section now boasts over 330,000 users. American politicians used the meme in their social media, and one of its most famous fans, businessman Elon Musk, even temporarily changed the logo of the social network X (formerly Twitter) to the most famous image of Kabosu used in Dogecoin.   – In one of his recent posts on the social network X, popular analyst Lark Davis forecasted bitcoin's growth to $150,000 and ethereum's to $15,000, explaining this sharp increase by the emerging market dynamics. According to Davis, the main reason for the rapid growth of these coins will be the inflow of funds already observed in spot BTC ETFs, which attract hundreds of millions of dollars daily. Spot ETH ETFs will further fuel the crypto market's enthusiasm, resulting in billions of dollars flowing daily into exchange-traded funds based on the two leading cryptocurrencies. Currently, spot bitcoin ETFs hold 2,343 coins (≈ $70 billion), about 5% of the flagship asset's circulating supply. This significant figure, according to Davis, clearly indicates the growing recognition of cryptocurrency and the interest from institutional investors, especially from the U.S.   – Strike payment service CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and potentially grow to $1 million. In a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still in its early development stage. He noted that the bond market is facing issues, so central banks might introduce a significant amount of liquidity into the financial system to stabilize it. Such an influx of liquidity will provoke a rise in the value of risky assets, including the leading cryptocurrency. Jack Mallers disagrees with the notion that bitcoin is a bubble or a speculative tool. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike government currencies and gold. "Bitcoin can be considered the hardest form of money – thanks to its fixed issuance schedule and halving events every four years. The rate of new coin issuance gradually decreases, thus increasing bitcoin's long-term value," argued the Strike CEO. The Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase demand for the first cryptocurrency. Thanks to this, Mallers believes, bitcoin can be used for everyday purchases, such as paying for a cup of coffee in a bar.   – Analysts from the financial investment company Motley Fool suggested similar figures. They hypothesized that bitcoin's rate could rise to $400,000 and might even reach $1 million. This will happen due to money inflows from institutional investors through spot BTC ETFs. Motley Fool analysts noted that more pension funds and hedge funds, managing multi-billion-dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can seamlessly include bitcoin in their investment portfolios.  According to analysts, about 700 investment companies have already invested in such funds. Nevertheless, institutional investors currently make up only about 10% of the total number of bitcoin ETF holders. Motley Fool estimates that if financial institutions invest approximately 5% of their assets in bitcoin, the first cryptocurrency's market capitalization could exceed $7 trillion, explaining its forecasted rate of $400,000.   – On the contrary, Cardano founder Charles Hoskinson expressed an opposing viewpoint. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." The Cardano founder pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the other hand, considered L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of innovation resurgence in bitcoin. Former BitMEX crypto exchange CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low usage in protocols.   – Bloomberg senior analyst Mike McGlone believes bitcoin's volatility makes it less attractive for investment compared to gold and the U.S. dollar. He also thinks that stocks will soon crash amid the anticipated recession, but BTC will suffer even more than the stock market.  The expert emphasized that the U.S. dollar-pegged stablecoin Tether (USDT) is usually traded twice as much per day as bitcoin. "I can access U.S. dollars anywhere in the world at any time from my phone with Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has switched to the dollar. Why? Because it's the least bad of all fiat currencies," McGlone argued.   – Unlike the optimism of many experts, Wall Street legend Peter Brandt felt it necessary to warn investors about a catastrophe that could arise from the launch of spot ETFs on Ethereum. "The biggest disasters in the cryptocurrency sector that are yet to come will be related to staking," Brandt believes, emphasizing the likelihood of significant financial losses and bankruptcies in the future. Staking is a way of earning cryptocurrency by "freezing" a certain number of coins in a wallet on the Proof-of-Stake (PoS) algorithm to support the network's operation. In return, the user receives rewards in the form of additional coins. Brandt noted that such assets as Ethereum are often rented out to earn this kind of income, often in the form of interest, and this reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it might attract increased attention from central banks, government treasuries, and other authorities. This will lead to stricter regulation, significantly changing the crypto space and potentially ending staking and bankrupting those involved.   – A criminal case on the largest bribes has been initiated in Russia. The former head of the Investigation Department of the police in one of Moscow's districts, a 35-year-old major, and one of his subordinate officers are accused of 10 counts of receiving bribes amounting to more than $1.5 million and 2,718 BTC ($180 million). In total, flash drives and hard drives with crypto wallets containing 5,213 BTC (about $350 million) were seized during the operation. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market     https://nordfx.com/
    • Добрый день! Мы подготовили краткий обзор на сегодняшний рынок. Биткоин (+1,13%) после просадки до $67 257 плавно возвращает утраченные позиции, а утро среды встречает на отметке $68 706. Капитализация BTC составляет $1,35 трлн. Эфир (+0,04%) по сути топчется на месте — на $3 844. На этом фоне недельная результативность ведущего альткоина просела до +1,40%. Ваш надёжный сервис обмена криптовалют cryptonet.pro
×
×
  • Create New...