Avoiding Emotional Behavior in Tradings

[Zurcemozz]

        In crypto, there is a lot things that we need to remember , the different aspects of emotion you can encounter when a certain time or phenomenon happened. We all know that it may conclude in Bad And Good effect.

        In Trading we can conclude that there is a good chance of getting a profit in an invested coin or worth coin, but there is also a risk about this kind of decision and may be turn into a kind of a scam. To make things right before investing in a project, always keep in mind that there are times that emotional will effects as and thats why there is some tips i've search.


Plan Making

This is like your statement of the problem in Cryptotrading. These are the question that is needed to be answered.
Do you have sufficient money to spend or invest on it.
Is it okay to for you to get to use money in this kind of business
What types of crypto business you'd like to take, is it Buy and Hold, or trade

   Fear Of Losing money is the most emotional behavior that effects the crypto traders.

Research about your project you want to invest with.

Doing research about the project will surely keep you in step, looking about their whitepaper is the best thing to do. also ask yourself a question "Is this project worth"

Best Trading Exchange

There are two types of Exchange The Fiat Exchange which includes exchanging in Government Bill, paper bill etc . And the Cryptocurrency to Cryptocurrency exchange (C2C)

You should consider this one in an exchange platforms:

• How safe is the website and server? Secure exchanges are better.
• How is the liquidity? The higher the exchange’s volume, the better.
• What are the exchanges fees? The lower the better.
• How is the exchanges customer support?
• What trading pairs are available?
• How many different payment options does it have?
• Is the exchange beginner friendly?

Risk what you can only Risk

You need to know how far you can go and how much can you still spend in the projects you into with, just like the PLAN MAKING, you need to know what is your limit in investing and how much can you still afford


Limit Orders

Its much better to be secured in a certain way. If you know that there is a chance that the coin might drop its much better to use this kind of technique, i.e You buy a coin at $10 and you expect it that there is chance the coin might drop, you can default your account to sell the coin if the value of it hits $9.9

Sticking in Market Charts

We all know what is the effect of Market Chart, and we all know that the price of coin is not stable and sticking to market looking for something may effect you in both and bad effects. Yes there is a time that the value of coin will pump and a get a good profit but also there's a chance that the coin is also dropping and it may cause you an emotional effect in the risk you take that can conclude a panic selling.

Links:
https://hackernoon.com/6-ways-to-keep-your-emotions-under-control-when-trading-cryptocurrencies-1ca05f504cf0
https://www.bitpremier.com/best-exchanges )


In short buying crypto may effect our emotional behavior directly. we may feel happy that we will get profit about the project we invest with, but also there is a bad effect that may we encounter, chances that are coins may turn into a scam or just a shitcoin. Drop Down your Opinion. please don't be harsh on me, I'm still trying my best to do like this. I've also posted it in other forum so that i can spread my little knowledge about it.

HAVE A NICE AND BLESSED DAY EVERYONE

[gurunanakji777]

Do not get emotional by the market trend. One must believe his own analysis and stick to his trades that he took on his own analysis. Always do trade with logic or chart analysis. Do not try to ride the pumping wave. Always use the money management to avoid huge losses. Exit the trade when you made good profit.

[siKING]

Do not get emotional by the market trend. One must believe his own analysis and stick to his trades that he took on his own analysis. Always do trade with logic or chart analysis. Do not try to ride the pumping wave. Always use the money management to avoid huge losses. Exit the trade when you made good profit.

It is easy in theory but when the time comes, you can not control it because human is a sentimental being.

[Zurcemozz]

Do not get emotional by the market trend. One must believe his own analysis and stick to his trades that he took on his own analysis. Always do trade with logic or chart analysis. Do not try to ride the pumping wave. Always use the money management to avoid huge losses. Exit the trade when you made good profit.

It is easy in theory but when the time comes, you can not control it because human is a sentimental being.

yeah, agree on you, and that is because of the fear of losing valuable money.

[ComeBack]

Emotion will be really a big part of our trading experience specially when we are new. Having a bad emotion everytime your trading goes to bad situation but it's normal what we must do is keep learning from it and learn how to control those emotions.

[pedangrusak]

crypto trading is not as easy as you imagine because everyone gathers and has its own strategy to win, victory in trading will be achieved if we can control emotions and prioritize analysis, market trends and the latest news. no one wins in trading and never pessimists to do anything, it gives us control and also motivation for trading activities

[yitzjoe]

we tend to be carried away emotionally in making decisions to buy or sell in the crypto market and this is formed because of the very rapid increase and decrease in prices. we tend to assume the price is good to buy but in fact prices continue to fall, technical analysis and fundamentals we need to study seriously and this will be more useful if you are able to reduce emotions

[Azam90]

good advice,
i am also doing as you say, indeed it is very good to arrange our minds to look stable, so as not to do acts of panic sell or panic buy because they see the market prices are falling or rising.

[Andruha1993]

Thank you for the useful and interesting information. I agree with you that it is not necessary to trade on emotions, this will lead to the loss of finances. You have to be patient and control your emotions.

[backfirst77]

Because emotions can eliminate our focus when trading. When any emotions we do when analyzing and making decisions end with mistakes that result in losses. I have experienced it myself. So when we are emotional we should stop trading temporarily.

[napster]

One of the most important thing to do. Giving this advise from the first mouth, when you love your coin, you'll lose I believe. You should seel it at some point, if you are a day trader.

[PRIBO247]

[
It is easy in theory but when the time comes, you can not control it because human is a sentimental being.
[/quote]

This is quite correct. It is very easy to say control your emotions and all that but there are events that occur that is beyond our control.

[cryptothief]

I agree 100% with removing any emotions from trading, and there is no point saying it 'cannot be avoided'. Of course it can, even though it's not easy. You just have to trust the numbers, everything is black and white. Work on set percentages, set stop losses, and don't change your mind. Nothing is a sure fire winner, but you should end up with more consistent gains. It is a long term strategy, and might not make you a millionaire, but should also avoid any huge losses.

[Master107]

     Fear Of Losing money is the most emotional behavior that effects the crypto traders.   

Fear is emotion so how could we avoid emotional trading which fear is always knocking at the door saying you probably lose. Fear is a form of doubt.
Faith could be the answer to avoid fear. Faith is hope to hit the goal and mark the success. Feeling and seeing fear is good to go beyond from that kinda struggle. With proper search and enough findings that the project is not scam and seeing the trend is in potential and growing is very important.
Trading is not all about emotional base rather about mentally factor.
Emotion won't think for your success but it is mindsets process.

[MOProgress]

        In crypto, there is a lot things that we need to remember , the different aspects of emotion you can encounter when a certain time or phenomenon happened. We all know that it may conclude in Bad And Good effect.

        In Trading we can conclude that there is a good chance of getting a profit in an invested coin or worth coin, but there is also a risk about this kind of decision and may be turn into a kind of a scam. To make things right before investing in a project, always keep in mind that there are times that emotional will effects as and thats why there is some tips i've search.


Plan Making

This is like your statement of the problem in Cryptotrading. These are the question that is needed to be answered.
Do you have sufficient money to spend or invest on it.
Is it okay to for you to get to use money in this kind of business
What types of crypto business you'd like to take, is it Buy and Hold, or trade

   Fear Of Losing money is the most emotional behavior that effects the crypto traders.

Research about your project you want to invest with.

Doing research about the project will surely keep you in step, looking about their whitepaper is the best thing to do. also ask yourself a question "Is this project worth"

Best Trading Exchange

There are two types of Exchange The Fiat Exchange which includes exchanging in Government Bill, paper bill etc . And the Cryptocurrency to Cryptocurrency exchange (C2C)

You should consider this one in an exchange platforms:

• How safe is the website and server? Secure exchanges are better.
• How is the liquidity? The higher the exchange’s volume, the better.
• What are the exchanges fees? The lower the better.
• How is the exchanges customer support?
• What trading pairs are available?
• How many different payment options does it have?
• Is the exchange beginner friendly?

Risk what you can only Risk

You need to know how far you can go and how much can you still spend in the projects you into with, just like the PLAN MAKING, you need to know what is your limit in investing and how much can you still afford


Limit Orders

Its much better to be secured in a certain way. If you know that there is a chance that the coin might drop its much better to use this kind of technique, i.e You buy a coin at $10 and you expect it that there is chance the coin might drop, you can default your account to sell the coin if the value of it hits $9.9

Sticking in Market Charts

We all know what is the effect of Market Chart, and we all know that the price of coin is not stable and sticking to market looking for something may effect you in both and bad effects. Yes there is a time that the value of coin will pump and a get a good profit but also there's a chance that the coin is also dropping and it may cause you an emotional effect in the risk you take that can conclude a panic selling.

Links:
https://hackernoon.com/6-ways-to-keep-your-emotions-under-control-when-trading-cryptocurrencies-1ca05f504cf0
https://www.bitpremier.com/best-exchanges )


In short buying crypto may effect our emotional behavior directly. we may feel happy that we will get profit about the project we invest with, but also there is a bad effect that may we encounter, chances that are coins may turn into a scam or just a shitcoin. Drop Down your Opinion. please don't be harsh on me, I'm still trying my best to do like this. I've also posted it in other forum so that i can spread my little knowledge about it.

HAVE A NICE AND BLESSED DAY EVERYONE

Thank you for this wonderful Ideas put together, I really appreciate this. I have learnt something good here.