Ninjastic
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Board Trading Discussion
Re: How to control your emotions while trading?👨🏼‍💻
by
agentx44
on 30/10/2019, 12:21:22 UTC
Quote from: coinmatics on October 10, 2019, 10:31:36 AM


One of the most popular emotions among traders is a notorious fear of missing out,
or simply FOMO, which picks when the market is high.📈
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Watching the price of an asset soaring higher and higher, while out of the deal,
a trader often feels even worse than in case of losses.⚠️
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So, what exactly can you do to prevent emotion-connected issues?
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Accept the fact that you can’t buy at the lowest and sell at the highest prices;☝🏻
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Don’t be looking at the charts all the time;❌
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Use a trading plan ruling how to deal with profits and losses;📝
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Follow your own plans, don’t compare your results with results of other traders too often.👨🏼‍💼

The best way to handle your emotions while trading is through having a clear mindset and goal. You should always look forward on something like trusting that the crypto you are investing in is going high next month or within a certain year. If ever you miss out some good coins, don't mind it and move forward on other crypto that might go high also later on. Don't be stucked on missing out and always know that there are a lot of coins existing and plenty of them will be successful someday.