Post
Topic
Board Trading Discussion
Re: Experience of failure and success can help us control the emotions.
by
|MINER|
on 07/04/2023, 15:33:48 UTC
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?
If the peoples are wise then those will of course gain all the good aspects of life from experience. However, it is different for those who lose because they do not control their emotions or make a mistake and do not learn from it next time.
However, the survey showed that most of the traders, i.e. successful traders, learned from their wrong steps and used that experience the next time to be successful.
And if I talk about myself, then I will say that yes, the mistakes that I made in my early days of not being able to control my emotions have reduced in many cases, so in my case, yes, people can control their emotions from experience.