Quote from: Fredomago on May 30, 2023, 12:45:55 PM

Quote from: laurenB7742 on May 30, 2023, 10:52:16 AM

Quote from: bettercrypto on May 29, 2023, 11:16:49 PM

Controlling our emotions while we are doing trading activity can be used right and wrong. But usually when we lose money or the value of the coins we bought falls, others immediately panic because they have invested a lot in it.

And when that happens, our emotions immediately become uncontrollable. And it is the negative application of our emotions that controls us which can lead to more losses in trading because we are no longer able to think correctly when it comes to buying or selling in crypto trading which is not correct instead we supposed to be calm to think normally about the best solution for it.

Most people know that controlling emotions will be the factor that helps them increase their winning rate in trading as well as limit their losses. It is easy to say and sounds simple, but I believe that when anyone falls into a losing situation, they lose control of their emotions and behavior even though they have made the best preparations right from the start. That is also why trading is not for everyone, and not everyone with the knowledge, experience or skills will always guarantee profits.

No doubt, it's easy to say than do, a lot of newcomers losses a huge chunk of their initial investment because of forgetting one factor, having a good patience when you already place your position, trading is not as easy as it is, the market movement especially inside crypto do have heavy volatility, you need to increase your knowledge in every single time that you make your participation with the trade.

All are relying on how you control your emotions and how you deal with your understanding, a good venue to earn but also a venue
where you can quickly lose your money.

I don't think only newbies make this mistake, but even seasoned market participants and professionals will find it difficult to control their emotions. It can be said that emotions are the most difficult thing to control, difficult to control it according to the plan that we have set. Whether our plans or strategies succeed is almost entirely determined by our emotions. For me, emotions are the most important thing in investing and trade because if left unchecked, it will lead to wrong actions.