Quote from: shinratensei_ on Today at 01:07:58 AM

Quote from: bettercrypto on October 24, 2023, 11:59:14 PM

Quote from: Spark22 on October 22, 2023, 05:39:02 AM

5. Stay calm and try to control temporary emotions.

That's easy to say, but for most traders, it's not easy to do, especially if they're first-timers and don't have any knowledge of trading yet. Then we know that in every action we take, our emotions do not disappear.

Staying calm is easy to do if the situation is not that tense, but when there is a scenario where the value of the assets you bought suddenly falls, there is a feeling that you will panic if you are not prepared for such situations. But if you are ready, you can definitely control your emotions.

thats true, doesn't matter if someone is veteran, the feeling of not knowing how the future will turns out meanwhile our assets already falling is worst feeling ever it could definitely tilted us making series of bad decision coming out of our minds which results in massive loss.
being calm, could only be done when we at least know that things will get better or know that something might happens with proper analysis but when the trend just suddenly changing course, its really impossible to stay calm, best course of action would be just think logically despite not calm.

Correct, sometimes, even though we are aware, when suddenly there is an unexpected situation, our adrenalin suddenly reacts. You know what I mean? That's what emotions do when they are not properly controlled. Let's assume that it is inevitable that we will react unexpectedly. My point is that if that happens to us, we should calm down little by little.

What happens is that we are shocked, and we develop the tension in our feelings even more, so the result will be that you will not be able to think properly. We will overreact, which will result in us doing something that we will also regret in the end.