Quote from: gabbie2010 on Today at 05:53:37 PM

Quote from: MiF on March 23, 2023, 09:33:11 PM

In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?

I am currently battling emotions and how to control it while trading, once I lost a trade I always try to chase some trades in order to recover my losses Lo and behold I always incurred more losses because of defying my trading strategy, this had always been bad experience, now I had decided to close my trading App after losing a fix percentage of my total funds for trading thus close for the day and take leave till the next day bearing in mind that there are numerous upcoming opportunities of trades in the market, this is one of the steps I am trying to inculcate into my trading ideas which I believe is the solution to my emotions.

All of us would really be able to experience such state on which we would definitely be facing up this challenge or situation on where we are really that trying or fighting our emotions since we know that we cant really be able to have a good grasps into it specially when we are just a newbie.This is why it is really just that right that you should really be sensible on learning up things along the way.
We cant really just start on being a pro on first few tries on which it would really be normal that emotions and mindset is something that you would be needing to adjust on times like these.
There's no way we could be able to achieve success without passing up these things.