Quote from: SquallLeonhart on Today at 05:09:58 AM

Quote from: Kasabus on September 01, 2021, 04:04:15 PM

if we let ourselves carried by our emotions, then it will not lead us into our goal but rather pull us down and commit mistakes again. Although being emotional and even greedy when it comes to investments profits, is a human inborn but if we start controlling it then somehow we can minimize committing mistakes and losses.

For me, the best advice i can give is to set a target price when to buy and sell. If you have your plan and definitely your goal, then even if you are struggling to control your emotions but as long as you stick to your plan then you will never be in a huge loss.

That target is the thing that makes the difference between a newbie and a veteran. I know that there are more things that makes a person a veteran, but as long as you do not have a target when you get in, you will always be a newbie. So, it is like all thumbs are fingers but not all fingers are type of situation where if you do not have a target you are definitely a newbie but if you have a target that doesn't mean you are a veteran.

When you get into any trade at all, any investment, any income bringing thing that means you need to know when you want to get out, even if it is a million dollars then you still have to know what you are doing and act accordingly, without that then you will always be running around not knowing what you should be doing and that will result with a loss 100% of the time.

Indeed. Emotions plays a very important role in trading. I have seen a lot of traders who are good at analyzing markets, trends and predicting coins with amazing accuracy. Controlling your emotions gives you a lot of opportunities in trading. But I also have seen a lot of traders that cannot control their emotions in trading just like they panic when prices started changing. They can't control their emotions and their greediness which lead them to losses. Newbie and veteran is totally different since veteran has lot of experiences which means they learn a lot of things on what they've experienced.