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Author Topic: Never Trade On Emotions  (Read 19162 times)

Offline Gvent

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Re: Never Trade On Emotions
« Reply #60 on: October 23, 2021, 08:15:13 PM »
Great Point, Emotions  control is very difficult in crypto trading. And it is very important for trading. Many traders losing their fund for Emotion. I think if any trader capable to control his Emotion he/she will gainer today or tomorrow. So never trade on Emotions. I support with this word.

Emotions of many traders in the cryptocurrency market are caused by worries about losing their profits. And when a person is possessed by emotions, he can no longer trade competently and in the end loses his profit. Therefore, you need to be very attentive to your emotional state when trading and never try to trade without having confidence in the decisions made.

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Re: Never Trade On Emotions
« Reply #60 on: October 23, 2021, 08:15:13 PM »

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Offline 36B

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Re: Never Trade On Emotions
« Reply #61 on: October 25, 2021, 09:28:59 AM »
In my opinion trading has become a natural thing if they use emotions for a moment, just don't get affected by the conditions of the exchange completely because you can experience losses when you buy the wrong coin in the wrong position.

Offline Dora Walletinvestor

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Re: Never Trade On Emotions
« Reply #62 on: October 25, 2021, 10:35:14 AM »
I completely agree, it is a very important thing to not trade on emotions. The best way to avoid emotions affecting you is to make a plan and stick to it. Evaluate the best and the worst case scenarios and know your risk tolerance. Set rules for yourself, such as "I will buy X when the price reaches Y", "I will sell a certain percentage once the price reaches a certain amount".
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Re: Never Trade On Emotions
« Reply #63 on: October 26, 2021, 01:00:45 PM »
Every serious deal must be done without emotions, especially if it is  about money, assets and investments. If you work with crypto you need to make technical analyze, read news and use your usual  strategy. In another case you can loose your money, especially if you will make choice under the influence of emotions.

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Re: Never Trade On Emotions
« Reply #64 on: October 27, 2021, 04:14:27 AM »
Every serious deal must be done without emotions, especially if it is  about money, assets and investments. If you work with crypto you need to make technical analyze, read news and use your usual  strategy. In another case you can loose your money, especially if you will make choice under the influence of emotions.
Emotions will certainly make what we are going to do get out of control, so it is not uncommon to actually do more harm than good. because every emotion can certainly be connected with behavior that is always uncontrollable in taking every attitude / action to be taken.

especially as you say that in crypto, of course, there is a lot to be done before taking steps and actions. analyze and prepare well what the best action steps will be. If it is accompanied by an emotional attitude, it is certain that you will not be able to control yourself, let alone analyze as well as possible.
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Offline masterrex

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Re: Never Trade On Emotions
« Reply #65 on: October 27, 2021, 01:53:59 PM »
IMO, I believe that being an emotional trader is not bad at all, but you should control it and set aside your feelings when it tries to influence your decision, and you should not follow your emotion but instead implement your strategy to counter it. or maybe your instinct can be useful too if we applied it in our trading sessions but not all the time.   

Offline mahboob123

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Re: Never Trade On Emotions
« Reply #66 on: October 27, 2021, 02:00:47 PM »
YES never trade in emotion trade in happy moods

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Re: Never Trade On Emotions
« Reply #66 on: October 27, 2021, 02:00:47 PM »


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Re: Never Trade On Emotions
« Reply #67 on: October 30, 2021, 05:14:20 PM »
You are absolutely Right.Because emotional trading will turn your trading to gambling.

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Re: Never Trade On Emotions
« Reply #68 on: October 30, 2021, 07:37:14 PM »
I just made the mistake of buying SQUID tokens and found they couldn't be sold on pancakeswap.
Emotions affect all our thoughts, want to make quick profits without looking at all the important things, experience will change everything and I think if we trade with good analysis then we will avoid panic, buying and selling will always be a consideration in order to make a profit when we do it emotionless when trading.

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Re: Never Trade On Emotions
« Reply #69 on: October 31, 2021, 07:34:55 PM »
Only fools trade on emotions and loose their hard earn money.  Because before making an investment everyone should research well about that project.  Before investing, you must know about the roadmap, team members, whitepaper, potentiality of the project. Then if your mind responds then you can invest.
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Offline amzexpert

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Re: Never Trade On Emotions
« Reply #70 on: November 03, 2021, 12:34:44 PM »
You have used Golden words. I also think that if a person is trading and he has no control over his emotions then he will not able to get any type of profit. Because in the market you do not see that the market is going up and down wait for the right time and you will get a very good Profit. Emotion is similar to Patience so do not lose your Patience. Because patience is the main thing.

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Re: Never Trade On Emotions
« Reply #71 on: November 04, 2021, 12:33:49 PM »
Emotions will only destroy us, this is a very valuable message for a Cryptocurrency trader. Emotions, Greed are two factors that can make us suffer losses. Patience and calm, in the face of every market change is one of the keys to success in Crypto trading.

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Re: Never Trade On Emotions
« Reply #72 on: November 04, 2021, 09:02:16 PM »
Of course, if you cannot control the emotion well, it is better not to trade. Trading with emotion will be a disaster, it will lead to a wrong decision during trading. I cannot imagine if someone trade while emotional, he can sell all his coins panicking when there is a big decline. This situation should be avoided by everyone.

Emotion is something natural, you can't hide or deny it function, it something that occurs when the body is undergoing a stress but you know human, its something different and we tend to react differently.
Emotions is good but too much of it is bad and making decisions with emotions without logical reasoning will kill your trade, this is why both technical and fundamental analysis is very necessary. They help you overcome this emotional order and built interest in your trades.
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Offline collinsjie

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Re: Never Trade On Emotions
« Reply #73 on: November 04, 2021, 10:58:17 PM »
Trading with emotion is the major reason why traders lost money in crypto or forex trading. It has happened to me several time and I have really learnt in a hard way. As a trade, we should learn how to trade without emotion to have great success in trading.
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Re: Never Trade On Emotions
« Reply #74 on: November 06, 2021, 04:55:42 AM »
Emotion and earning both are different from each other. If you want to earn in the crypto platform then you should give up emotional attitude. Particular those who are new trader then can not control their emotion for this reason they fail in the crypto space. So try to avoid it as early as possible.

 

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