Quote from: haroldtee on October 17, 2018, 07:33:29 AM

Quote from: RendaW on October 15, 2018, 10:29:25 PM

Quote from: deonyx on June 02, 2018, 09:21:32 AM

Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.

it is so nice that you noted how important to have the stable emotional state before going into any financial affairs, take any risks and make any investments.

I am very sure anywhere you get to go, the first thing you will be told when it comes to trading is to deal with your emotions and build your confidence on your trading strategy. You can only control your emotions if you know what you are doing or basically have the knowledge of how to trade pretty well, have a strategy you are making use of and have been able to build on and then you are doing well.

One thing with trading is that if you do not have confidence in what you are doing, just like any other thing at all, you will only end up fumbling and getting emotional for no reason and this is the main reason why we keep saying before you trade, make sure you seek the knowledge, be able to come up with a strategy, practice it pretty well to build your confidence, even fine tune it and you will see yourself doing well in the long run without having to put in emotions in your trading.

Yeah, emotions are pretty much one important factor to always get to deal with first and I so much understand the angle you have explained this. I remember when I started trading and indeed I learned some few things and then I was able to get a strategy, but the mistake I made was not building on that strategy using some of the available free trading simulators or demo platform but ended up rushing in with real funds and in that case, I ended up messing up as a result of emotion, not because I do not know what to do, but because I do not have that confidence yet which is why to be able to get the emotions out of the way, you have to be confident in your own skills first.