Control emotions while trading cryptocurrency

[Guru2050 8284]

Such a great contents published guiding on effective crypto trading. For one to make remarkable success in his or her trading must hold on firmly to the above mentioned hints. Very vital for progress. However to highlight further it will interest me to suggest for diversification of investment by selecting value coins wisely. This gave you chance for making huge amount of profits. 

[Sharif4847 277]

Trading with cryptocurrencies requires controlling one's emotions and not improving oneself.  You just have to be more discriminating with the help you render toward other people.  In order to trade with crypto, you have to plan the budget and what amount will be traded.

[milyapsak0901 693]

You'r totally right ,according to my observation, many people lose their money if they don't have trading plan and strategy, because they don't know how to cut loss or take profit, that's why they're losing money all the time even if they can make nice amounts of money. That's why if we're trading we should always have trading plan.

[TimopheyKa 3900]

In fact, emotions are a big trap for any person. For example, when we begin to feel victory, we rejoice, but if our victory suddenly begins to go away, then our head and thoughts get very hot, and we have an explosion of emotion, we need to learn how to stop it! Because when you lose, you lose control, and you only need to win. Peace of mind is our everything!

[koynayak 1923]

It's true, emotions can be very very important while trading. Sometimes we can make profit but because of those emotions we can  still made loss after that profit. Controling emotions can be happened after having some experience. I think if we have a plan about trading it'll help us to control our emotions.

[hani20980 2706]

It's hard to control our emotions during trading but that's very important if we want to success

we need always to use a plan of lost and profits and never be greedy or invest amounts that we

can't afford to lose also we have to be always patient especially when the price drop and never

give up to our emotions and sell with lost

[cryptovlek 2597]

Emotions are close related to the high losses and profits we are having, when sudden shart declines happen it is possible to influence us negatively and we may make mistakes to sell very low. Emotions also mean we are selling to early and lose profit, or sell too low and make losses. With bitcoin I think it is easy to hold no matter some losses, patience will pay off eventually.

[Khan 1414]

On 1/25/2021 at 12:26 AM, Asjumalik said:

The trading in the digital world is of great mental game and i think the persons who don't have control on its emotions should keep himself away from the trading because it requires high level of patience and with total control on the emotions.

You are right but the issue is that no one can be able to completely control over the stress/emotion because its a natural, but it can be somehow decreased.

[Shahin3864 101]

How much patience you have and how much energy in your emotions. This time will settle your feelings. Sometimes it happens to lose your amount. One thing that is really important for traders to be patient and it has to be intensely dynamic in control.

[Roisein Ruby 234]

On 09/01/2021 at 4:43 PM, tienda said:

I know all things we do in our life, we always start in collecting some knowledge through learning and doing practice...etc.

About our emotions don't need to be collected, because exist in our body and are depended on about us.

But yes we can learn how we control them following some common tips to keep control our emotion:

 

1- It is very important to plan a trading plan

 

 

 

2- To lower your emotional, lower the size of your trade

 

 

 

3- Trading journal successes and losses, is helpful to build a future success

 

 

4- Stay relax while trading

 

 

What do you think about the points?...

 

If you have anything to add you are welcome for participating...😉

 Yes it's very hard to control our emotions because working in cryptocurrencies is somehow risky and people feel scared about losses and they don't have any self-confidence so it is very important to cope of them.

[Ali Rao 161]

Thank you dear friend for such a helpful post you have shared it is very helpful. Yeah we have to control our emotions when we doing trade it is very important to control yourself specially when you are in a business field or trade 

[Ahmed Kibria 45]

Need to control the senses when trading cryptocurrency because I can't learn anything with emotion, I can't succeed in anything. It will take me away from my work.When we do business we have to control our emotions. It is mandatory to do so. Especially when you are in a business or trade, it is very important to control yourself. Then it is possible to be successful.

[Farukatie 1271]

Thank you so much my dear friend for sharing this useful information with all offers exactly you are right that we should control our emotions when we do trading in cryptocurrencies. This is a very good article that you published on this great forum this will help a lot of members who use their emotions while trading and lost much amount of their money.

[Sumon21 151]

It is said that the biggest hurdle in crypto trading is Emotion. Because the price of crypto is constantly fluctuating. Successful people are in control of almost every single moment of their life. So we have to keep our goals right and move forward. 

[Wanderdark 2178]

This is a very useful post. Managing the psychology and your feelings is a very important factor in a successful trade situation. You need to manage your greed and hunger, and also your fear and panic carefully to control your investments.

[huesca123 946]

There is a good trading channel on Telegram. By a guy called Mark Douglas. He is a phycologist & talks about emotions, how to control them etc. On his channel.

 

His channel link - https://t.me/markdouglasvideos

[Sairaranjha 674]

Great post yes dear it is very important to control our emotions while trading it help us to bear loss .thank so so.much for sharing thing useful post to help to aware people to control their feelings if they loss their money.

[Jack764 1841]

The control of the psychological state and self-control, especially at critical times, such as loss and reversal of direction, so we must train and be strong and trust ourselves.

[alamin009 36]

You'r totally right ,according to my observation, many people lose their money if they don't have trading plan and strategy. The important thing about emotions in trading, is that you should not deny them or of course work to prevent them from appearing. Emotions exist but we cannot allow them to dominate our actions or our thoughts. 

[BhenGhix 804]

Never ever make your emotions so displeasing that it can cause you a very silly mistake.

You've aptly said it all mate but i just wanna add one good psychological suggestion or advice of opinion that; emotions is what will justify your decision so make your decision very wisely by controlling your emotions.

[Linclon4 541]

Thank you for sharing this tips with us. Nothing in the work comes with emotions. That's why we have to avoid emotions and have to work in a proper way to become successful. 

[Dormilon 2183]

On 1/9/2021 at 7:43 AM, tienda said:

What do you think about the points?...

 

If you have anything to add you are welcome for participating

@tienda Staying relaxed when trading is very difficult for me, I sit in front of the pc and buy my currency, I always like to play up and down prices in very fast times, so I am about to watch the price fluctuate, when I give myself Mind you, my teeth are clenched, lol, is that the adrenaline produced by doing trade with a pump or dump like doge or xrp these days hardly makes you relax, but it is good advice, when we are not calm, we can leave before time and stop making more money for fear, greetings, very good post, thanks for sharing.

[Adam786 560]

This was an important point you notice here my friend.I was thoroughly concur with you in this topic.Controlling feeling in exchanging was a significant think.If we can't handle our feeling then we can't accomplish any think in our life.Trading was a subject of danger in the event that our feeling in our control, at that point we can sussed in exchanging other astute it can't conceivable.

[Hami Rai 111]

I am fully agreed about this you just stay calm and relaxed and fallow your trading plan it  is very neccessary .if you afarid to do trading i couldn't happen that you can trade .in trading risk  be taken  few chances that you lose .hope on God for the best 

[Yuki 526]

The points you mentioned are true because whenever we need to trade and make a deal we should have a plan f how much we invest and how much profit we are aiming for , and also we should have a plan to support what we invested if the price dropped to be able to exist the deal with the capital we invested or even to continue with better profits , it's a bit complicated but after getting the experience you will feel relaxed with no worries when you trade