Quote from: Oilacris on June 01, 2023, 08:15:52 PM

Quote from: ShowOff on June 01, 2023, 05:35:36 PM

Controlling emotions in trading is not as easy as it seems, even though they say it is. The failure of a trader to control their emotions will only make it difficult for them to make the best decisions when trading, it will also make them tend to lose because they are too hasty in making decisions.

It is true that traders should also be quite able to control their emotions when they realize that crypto trading is a very risky trade. The slightest mistake that is ignored will allow them to get a loss which they later regret. Emotional control is important, it is also included in the trading psychology chapter.

Its never been easy and we all surely have experience this stuff on which our emotions are the main things which would really play out on the time that we are dealing on something which we dont even know or we are really that fully aware on what it is.Even though you do have that theory or good on paper or learning those stuffs but on actual situation then it wouldnt really be that simple.

Of course I understand very well that in most cases, theory and practice do not always coincide. Many people fail to develop the ability to control their emotions, they know how to do it, but some other factors may force them to make rash decisions.

Quote from: Oilacris on June 01, 2023, 08:15:52 PM

Emotion would be always that main culprit on why you would really be changing up your minds and decisions in regarding of your analysis specially if you do see that the price isnt really going on what
you had anticipated or you have seen others analysis on which you are really convincing up yourself that it is viable than yours on which this is really mainly the reason on why it would really be having
that kind of alterations when it comes to our trading decisions. You would really able to realize this when you do see negative results along the way.

Since I've been involved in the crypto world for the last 8 years, I certainly understand quite a bit about how emotions play role in the failures and successes of my trading and investments.

To be honest I have made mistakes too and that was because I failed to control my emotions during trading, but when it becomes an experience then of course I will learn from it. So far I just like to play it safe with the investment plan, of course it is about long term investing which has made me successful in controlling a lot of interest to sell assets in short term. Sometimes changes in investment and trading plans will help us enter new era in the crypto world.