Quote from: KnightElite on January 18, 2020, 02:03:03 AM

Quote from: MWesterweele on January 17, 2020, 10:36:10 PM

Quote from: fireball4 on January 17, 2020, 09:53:00 PM

In my view, being able to control the feelings we have is the best advice for all traders. Because we often bring feelings when dealing as traders. For starters, because market prices are suddenly falling, our emotions are beginning to be affected, we are panicking, and we can't think calm and clear. Because of panic, we sell all the coins immediately and experience a substantial loss, even if emotions can be controlled. We're not going to sell all of a sudden, we're going to learn the business first. The price often decreases, the price may not go up again unexpectedly. Essentially, if we can regulate our feelings, we don't have to suffer losses.

This will be the first thing that a trader must have do, to control feelings over everything. As trader, we all know that we sometimes lose money especially when we dont hit the target, or we dont monitor our coin and suddenly the price of it dumps. We need a lot of patience and also, we need to manage our losses so that it would not happen again. Accept losses it wi be good for every trader.

Controlling our emotions and feelings while we are trading is all about psychology. It is the most important factor when we are trading, even if we know how to analyze and read charts it will all go nothing if we have improper psychology. We should focus on improvement of our psychology if we want to control our emotions in order to follow our trading plan and of course to become discipline trader.

I think it is all about patience.

Despite the many changes of Bitcoin and other cryptocurrencies over time, we should be patient and wait for the right time to execute our plan. We should be aware of the changes that is happening since with that, we can track the changes and come up with another plan pr strategy. Saying that, you should have your own record of the changes of your investment.