Post
Topic
Board Trading Discussion
Re: Getting too emotional while trading crypto
by
exstasie
on 25/09/2019, 05:04:52 UTC
I always feel that it's very intense to trade. I have been trading crypto for two years now, but find it's still difficult to get used to all the constant price fluctuation.

I decided to write an article about this topic, including solutions to make sure your trading becomes more rational: https://steemit.com/cryptocurrency/@wickcrypto/an-emotional-guide-to-crypto-trading-why-paper-trading-is-useless

For example, using some simple tricks you can remove a lot of the emotion out of your trading. I trick that helped a lot was as simple as changing your color scheme in Tradingview.

Changing the colors on your chart won't make a difference. Wink

The most important thing is consistently employing a trading plan, particularly stop losses. If you always have a plan, trading becomes second nature and you can start to do things almost in an automated way.

The other thing is focusing on the higher time frames, daily and above. The lower time frames have too much noise and trading them is a good way to get chopped up. Zooming out and seeing how small those hourly moves really are can help.