Quote from: ephisi on May 01, 2018, 01:08:59 PM

Quote from: Farvin2 on February 02, 2018, 11:17:51 AM

See market prices of crypto currency increasingly fluctuate I think there are a lot of traders who suffered losses, and In taking a decision, many traders are still affected by emotions. Fourth factor that's the meaning, of is a type of emotions:

- Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.

- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.

- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.

- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.

To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.

You hit the nail right on the head. One of the things needed to mature beyond emotions is to have a time tested strategy that works. I believe this is where most people get it wrong. They trade haphazardly with no defined trading rules. The other key factor is proper Risk management. Most crypto investors are gambling, trading or investing without proper risk and money management

He hit it because universal nature of his factors. I trade but gambling is more my thing and all this factors works for gambling too, and many other things.
Who ever follows this factors, or to be precise who ever have enough control over emotions when it comes to trading or gambling will be successful. This factors directly affect our decisions, and if we fall under them we will make bad decisions and most probably we will not make profit. Having better self control is something that can be learned trough practice, more you try and more you practice more likely is that you can master it, if you can't its better for you to quit while you still have some money in your wallet.