Post
Topic
Board Trading Discussion
Re: Things that influence our trading decisions
by
Quidat
on 12/07/2023, 22:09:30 UTC
Based on my experience, the things that influence me in making my decision are my emotions and Technical knowledge. It is something to note that the more we become too emotional, the more we can't think the right thing and it leads to making wrong decisions. It is very common when we are newbies but as we gain experience, it gradually changes and now we are focused on following the trend, doing TA, and improving our skills and strategies. Because when we are a newbie, we feel worried that is why we become too emotional.
Emotions and the news are the top contributor on making decisions and in trading even if you practice not to get very emotional while trading you can’t still escape the fact that you’re still affected especially if greed is taking over your trading decisions. News are common as well, as a trader you should only not focus about the price trend, but also see the market trend because in crypto, the market can easily go pump and dump on every news.
Majority of us would really be definitely agreeing on this one on which emotions and news are the main things that could affect us out with our trading plans and decisions that we had molded up earlier.
This is why i could really say that its definitely true on this part and this is always the case. Despite on having that sufficient knowledge and experience in the market but still i do really get affected
with these kind of moments on which its not something that you could avoid because you would really be molding on lots of "what ifs" in your mind on which it would really be a common question
that you would be having in mind on the time that the market would really be having those sentiments around.It would really be stirring up your mind and emotion on which on the time
that you havent finalized yet your plans or even it is, but still have the chance for it to be changed.