Quote from: Wakate on October 02, 2021, 10:28:52 PM

Quote from: rhodelmabanal on August 09, 2021, 09:46:37 PM

My advice on trends is to control emotions, I see so many panic buyer when the market starts to rise, sometimes the people that is so excited can make a bad decisions that will lead to losing so think twice, bull trap is sometimes happen so we also need to be more careful when the crypto market begin or starts a new trend.

Trading is not easy to analyze so it's good to learn the skill of trading very well before attempting to trade. Emotion can be deceptive even when analysis is correct, so emotion needs to be work on well to avoid quickly leaving a trend at the early stage cause the market can decide to do a fake out that will make traders to be afraid and leaving a trend that can give a good profit.

There's a simple solution to that, don't trade if you can't control your emotion, the most important thing is the implementation of your plan because that would determine the outcome of your trading activity, even how good your plan is, it will only stay in the paper if you can't implement it well.