Post
Topic
Board Trading Discussion
Re: How do you manage ur emotions?
by
8Habits
on 03/07/2017, 05:05:04 UTC
Greetings!

While trading sometimes I drop back from my original plan. Such emotional decisions often bring loss cuz I tend to change orders on panic or when I mistakenly expect more potential income. How do you deal with that if you feel the same way?
I always have a profit/ loss limitation, everytime my profit/ loss hit the limitation, I will sell immediately to cover my balance. By that way, I can make sure that my balance is still having enough money for trading.

That is a good advice to make a sell position immediately right after you buy some altcoins - this way, everything seems to happen automatically. It is more better to logout after doing that and just relogin few hours or  1 day after.