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Author Topic: Online trading dey cause mental issues!  (Read 4034 times)

Online Asiska02

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Re: Online trading dey cause mental issues!
« Reply #30 on: January 30, 2024, 05:11:38 PM »
Omo many traders for this crypto space go fit relate.Stress dey trading mani pipo make dey think Shey online trading easy omo nor easy at all mostly make u get poor risk management. Some time e get some loss make you go loss ehn body go tell u through process mood swing go fit come seff, so those of Una make still dey think shey trading get rich quick scheme, nothing like that e dey take time and principles to be a successful trader.

Na emotions dey come in so as you dey trade and na normal for every human being to experience am as dem dey trade. People wey don already overcome am don already work on am for long before them fit dey trade now without emotions. Your mental health will come to play when you continue to dey lose and your emotions go dey make you feel am badly, you will definitely feel retard and will cause issues to your mental health. Before trading, know say no be get rich quick scheme, you go need work on your emotions, you go need dey open to learn new things, and make you no dey greedy when you don dey gather profit through am.
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Re: Online trading dey cause mental issues!
« Reply #30 on: January 30, 2024, 05:11:38 PM »

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Online Thyplaymaker

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Re: Online trading dey cause mental issues!
« Reply #31 on: January 30, 2024, 06:45:55 PM »
Omo many traders for this crypto space go fit relate.Stress dey trading mani pipo make dey think Shey online trading easy omo nor easy at all mostly make u get poor risk management. Some time e get some loss make you go loss ehn body go tell u through process mood swing go fit come seff, so those of Una make still dey think shey trading get rich quick scheme, nothing like that e dey take time and principles to be a successful trader.

Na emotions dey come in so as you dey trade and na normal for every human being to experience am as dem dey trade. People wey don already overcome am don already work on am for long before them fit dey trade now without emotions. Your mental health will come to play when you continue to dey lose and your emotions go dey make you feel am badly, you will definitely feel retard and will cause issues to your mental health. Before trading, know say no be get rich quick scheme, you go need work on your emotions, you go need dey open to learn new things, and make you no dey greedy when you don dey gather profit through am.
that's the thing emotions in trading is not something you can just learn how to overcome over night is something that takes time, effort and discipline. Like due to the facts that I've made alot of losses due to emotional overwhelming. I duh decide countless times say I nor go let am get the best of me again but no matter what e go still find way come either by greed or fear but mostly by greed. After I duh make profit wey go make me dey well for me to rest and call am a day no oh!!!! I still insist to continue so that make I round up with better percentage and digit, eventually I endup losing it all sh*t was pretty annoying I had to close all market that leaving looking so frustrated asf. That most time I dey advice say before you jump into any market always make sure your emotions are checked.

Quote
According to online articles about readers that are making money and those that are losing, 80 to 90% or more of the traders are losing while less than 10 to 20% are gaining.

If anyone is trading, he should know that trading may not favour him. What makes some people not rich today is because they did not hold their coins but instead prefer to trade and continue losing.

Be it trading comes with little or huge profit or loss, trading should be done with little amount of money that you can lose and not think about and not affecting you financially.

thank you that why they keep saying trading is not fir everyone l, because you are seeing some people surcasing their wins onlines true different social media on how they made More than $1k over night with the use of certain leverages. Many people have waste The potential of their funds by wasting them I'm trading than to just buy and hodl and see their portfolio increasing even though. Sometimes market would experience a certain dip as long you holding a good coin it would surely bounce back like mad beating the previous price mostly this period that we are about to experience another grt bull market  ;D


Trading ain't actually bad though but if you see it ain't working for you. Give it a bring and try holding and when doing so you keep on learning some ways to improve on your trading skills without risky any of your hard earns funds.
« Last Edit: January 30, 2024, 06:49:05 PM by Thyplaymaker »

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Re: Online trading dey cause mental issues!
« Reply #32 on: January 31, 2024, 09:01:36 AM »
Quote


Be it trading comes with little or huge profit or loss, trading should be done with little amount of money that you can lose and not think about and not affecting you financially.
More of a slogan "trade what you can afford to lose".
As I've  said there is a lot  attached to the word "huge" , it depends on how we look at it . Huge profit could come from low capital from trading and that isn't limited to investment only  but most time its good to invest larger percentage and trade a lower percentage
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Re: Online trading dey cause mental issues!
« Reply #33 on: January 31, 2024, 09:50:40 AM »
Quote


Be it trading comes with little or huge profit or loss, trading should be done with little amount of money that you can lose and not think about and not affecting you financially.
More of a slogan "trade what you can afford to lose".
As I've  said there is a lot  attached to the word "huge" , it depends on how we look at it . Huge profit could come from low capital from trading and that isn't limited to investment only  but most time its good to invest larger percentage and trade a lower percentage
Yeah investing larger percentage would ensure good profit expecially wen it's come to investing in BTC. And trade the remaining spare percent. Most keep telling their self to always trade what they could afford to lose but a lot of them still fall as victim of trading cash they can't risk and endup losing them. and lateron endup with regretting trade don't just need skills alone also need good principles and how you manage those emotions.

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Re: Online trading dey cause mental issues!
« Reply #34 on: February 15, 2024, 05:54:40 AM »
No be small thing o, online trading really dey cause mental health o, if you come be person wey dey always get high BP, na to just die one hand, even if you no get, e go make you get. Online trading just good if you get self control and self discipline or patience, if you be person wey dey always rush things wey no dey calm down,e no work o.

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Re: Online trading dey cause mental issues!
« Reply #35 on: February 18, 2024, 09:24:46 PM »
Omo e get one time wey I wan try learn online trading because the online trading just dey trend dat time. During the period of learning I just dey see the amount of money wey I go need take use as capital (money I no get ), the risk involved, the amount of information wey I go learn and all the candle stick information guy I just comot hand. Trading is not for the weak

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Re: Online trading dey cause mental issues!
« Reply #36 on: February 18, 2024, 10:13:31 PM »
No be small thing. I no dey trade but I dey follow person wey dey trade. Sometimes, en go make some money. As you guys dey talk principle, en dey follow am well well. But sometimes, en dey loose sha. I think say  trade na loose and gain. No be win win game.

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Re: Online trading dey cause mental issues!
« Reply #36 on: February 18, 2024, 10:13:31 PM »


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Re: Online trading dey cause mental issues!
« Reply #37 on: March 03, 2024, 12:53:05 AM »
Omo many traders for this crypto space go fit relate.Stress dey trading mani pipo make dey think Shey online trading easy omo nor easy at all mostly make u get poor risk management. Some time e get some loss make you go loss ehn body go tell u through process mood swing go fit come seff, so those of Una make still dey think shey trading get rich quick scheme, nothing like that e dey take time and principles to be a successful trader.
One of the things you should know before trading, there are risk involved in it, not and easy process before cash out and you must be always careful in any of your daily trading because loss must occur that just it.

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Re: Online trading dey cause mental issues!
« Reply #38 on: March 03, 2024, 01:29:26 AM »
Omo many traders for this crypto space go fit relate.Stress dey trading mani pipo make dey think Shey online trading easy omo nor easy at all mostly make u get poor risk management. Some time e get some loss make you go loss ehn body go tell u through process mood swing go fit come seff, so those of Una make still dey think shey trading get rich quick scheme, nothing like that e dey take time and principles to be a successful trader.

Omo trading no easy o, my mentor always dey say make I dey overcome fear and anxiety before, during and after placing a trade, Omo where I wan start from I go just dey analyse and place trade Omo e no easy but I believe it's a matter of time and patience,
Note to newbie it's not a get rich quick scheme, try dey chop b4 getting into it, it's only for the rich,no be beans and moi moi/okpa.

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Re: Online trading dey cause mental issues!
« Reply #39 on: March 03, 2024, 01:26:26 PM »
Omo many traders for this crypto space go fit relate.Stress dey trading mani pipo make dey think Shey online trading easy omo nor easy at all mostly make u get poor risk management. Some time e get some loss make you go loss ehn body go tell u through process mood swing go fit come seff, so those of Una make still dey think shey trading get rich quick scheme, nothing like that e dey take time and principles to be a successful trader.

I swear no be lie you talk oo this online trading no easy oo  if you no fit bear risk no enter, na heart break you go just get,  better advise for you  no use money when you borrow go start trading o. You go just run mad at once this trading of a thing get positive and negative side so if you never understand things well no just rush deposit your money, because you see others dey trade.

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Re: Online trading dey cause mental issues!
« Reply #40 on: March 03, 2024, 09:47:37 PM »
Omo many traders for this crypto space go fit relate.Stress dey trading mani pipo make dey think Shey online trading easy omo nor easy at all mostly make u get poor risk management. Some time e get some loss make you go loss ehn body go tell u through process mood swing go fit come seff, so those of Una make still dey think shey trading get rich quick scheme, nothing like that e dey take time and principles to be a successful trader.

Anything wey go make you rich and na legit money go enter your hand e dey always come not easy. You gats put your mind, effort and hardwork into am before you go for achieve something from am. I no too dey do trading but the ones wey I don do before, I know how e take be to trade and how the thing go dey play with your emotions. If you go fit handle you emotions while trading, you don go one step of becoming a professional trader. Nothing comes easy for dis life, but if it’s worth it then you gatz just sacrifice to achieve the thing for yourself.

Sometimes we dey make things look so difficult for us onto say we wan just rush make we start to gain profit without knowing say before you reap you must sow there first meaning you have to learn things and advance your self with useful information otherwise no way, success can't be achieved a day but rather it takes gradual process to succeed but in long and short terms of our trading exercise.
My brother no be small, people are just eager to make money without fully understanding that you can't be faster than your shadow as you will have to work hard and learn about what you want to do before being successful at it . I have a friend who constantly think trading is easy because of the way most influencers and social media personality are making to be especially with the case of octaFX trading app that's almost everywhere because of the way there are advertising.

The worst I don't even look at them to get distracted initially me also think to join one of the trade app but as i reason am, I know say to lose money go hard me and me no like were wey i go join to lose money. That is to say if i see where to put money and i noticed say e go dey me hard to win there e go better say me no join there for any reason because if the money lost at long the line e go pepper me badly, these things make me if any site dey advertised any about trading me no put eyes again oo because i no suffer go make money finished con go waste am for any site wey be say i know me no fit gain back the profits as quickly as possible.

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Re: Online trading dey cause mental issues!
« Reply #41 on: September 27, 2024, 06:10:40 PM »
Certainly, many traders in the crypto space can relate to this. Trading can be stressful, so it's crucial to understand the risks involved. Losses can impact your mood and mindset, making it essential to approach trading with caution. For those still considering trading as a quick path to wealth, it's important to know that becoming a successful trader requires time, patience, and nerves.

Trading requires a lot of mental discipline that's why expert traders always say that if you can't handle the psychological distress that comes with trading there's no need to go into it. The financial market is filled with a lot of ups and downs and sometimes you can lose a lot of money but you must learn how to stabilise your emotions when this happens. A lot of traders try to do revenge trading after losing and they end up losing more because they can't keep their emotions under control. Just like you said trading requires time and patience, you can't just figure out everything within a short period of time, to become a profitable trader it's going to take some time

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Re: Online trading dey cause mental issues!
« Reply #42 on: September 28, 2024, 11:53:17 AM »
Guyyyy this is so true
Omo I nor go lie when I started and I heard from my friends how they have lost some amount of money I go dey say Godforbid my case will be different but omo na lie ooo I still lost money
Omo when I los all my money the first 3 times I nearly stop trading
I come take long break first mood swing and depression wan kill me after some time I sha came back
I can't say I'm a successful trader now but I have gotten better at it
Sha trading is not for the weak if you nor get mind nor enter oo
You fit run mad 😆
💫✌️

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Re: Online trading dey cause mental issues!
« Reply #43 on: September 28, 2024, 05:11:47 PM »
Normally, trading is not easy. If it were as easy as some people think, then everyone would have become traders. Some people actually think that trading is also the same as gambling, and that's where they begin to have problems with trading and encounter more losses. Gambling is based primarily on luck, while trading is based on skills developed, strategies developed, the ability to handle losses, and emotional controls.

I was a trader, but I just stopped trading due to some other activities that were consuming my time. Future trading is very risky, and I only tried it a few times on Digifinex Exchange, which is my best exchange any time I want to trade in the future. I don't quite understand Binance Exchange futures trading the way I do on Digifinex. Although I was more into spot trading, which is buying low and selling high, I did research on most altcoins and bought when the price was low and sold at a high price, which was actually earning me some profit but was not very easy. I recommend buying low and selling high to be easier than future trading.

Trading takes months to attain an adequate mastery of the dynamics involved, just like you said it's not really easy to become a trader, it takes a lot of mental discipline to actually stay focused on trading because losing money might get you distracted at first. From what you said you said you were a trader but you stopped trading due to other things taking up your time, my question is, can trading be done while having other jobs? Is it possible to be a trader and be able to focus on your profession. Due to the fact that trading takes up a lot of time I don't think it would be easy to Balance both sides. But if you are a swing trader there's a possibility that it might actually work because you don't have to always check the charts Like a day trader

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Re: Online trading dey cause mental issues!
« Reply #44 on: September 30, 2024, 10:58:47 PM »
Omo many traders for this crypto space go fit relate.Stress dey trading mani pipo make dey think Shey online trading easy omo nor easy at all mostly make u get poor risk management. Some time e get some loss make you go loss ehn body go tell u through process mood swing go fit come seff, so those of Una make still dey think shey trading get rich quick scheme, nothing like that e dey take time and principles to be a successful trader.
I think where people get it wrong is when they think trading is only about economic understanding and analysis. However there are alot of added qualities that have to be satisfied before you can actually call yourself a nice trader without being wrong. The normal human nature has a negative emotional effect towards losing and it can be more intense in the case of financial losses. So as a trader you have to always accept the fact that there is the slightest chance of you losing.

Every trader who will actually be profitable has to be immune to the emotional stress of losing money unlike how a regular person would feel or rather behave if they should lose same amount of money. In as much as you practice technical analysis as a trader, emotional control also has to be covered.
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