Re: Getting too emotional while trading crypto

emotions can never be profitable, trading must be patient and relaxed, enjoy the cryptocurrency price movements and as much as possible do not let you be affected by a variety of bad news that can affect your emotions because it will only make you panic and can not think clearly.

Emotions can be profitable if you know how to use it,especially emotions of others.

Trading should be done with patience and much awareness,if you just take it as job with no effort then you will be start losing your capital in long term.

Trading is just like any other jobs rather it demands more energy and work than any other physical or day job. You have to sit in front of desktops for hours keeping an eagle eye over the graphs of our crypto coins. In day trading, you cannot afford to miss even an hour because prices are volatile and getting emotional under such conditions make things even worst.

You actually don't have to do that since every movement could affect your emotion. I would rather plan the execution of my entry trade and then once I found the opportunity, I'll enter it with risk management. Through setting stop loss, you won't need to watch the market at the very long time. It'll save your time and possible losses.

There is no way anyone wants to lose money in any kind of investment. People do investments just to increase their money. As far as entering into trade is concerned, make sure you have analyzed market completely and are capable of making money with the coin you are intending to do trading with. I am myself never ever intrigued by trading.