Quote from: blockman on October 26, 2023, 12:25:12 PM

Quote from: jeha2015 on October 25, 2023, 04:00:58 PM

The less you can control your emotions, the more they will be reflected in your financial patterns.

This relates to the risk that someone can take, I think it's more of being good in controlling your emotions and calculating the risk that you can take. The more you're good in controlling your emotion, the better risk taking that you can take and more opportunities will come to you because anything that comes, you'll be able to take the risk. About not having money forever, this is applicable for most adults and seniors. We're not going to work forever or if we do, at least we can still work for some light tasks and jobs but do you like to be in that shoe that you'll forever? For me, I'd say 50/50. As long as I want and I can, I'll do but it doesn't look good too that we'll work forever and we'll be forever in the rat race. It's not the dream and kind of life that we want to have when we grow older.

When it comes to self-control, many traders fail, especially when there is a precipitous drop in an asset, as if they have lost their trance. A lot of this happens all the time in the crypto trading industry. Even people with extensive knowledge in this field might become unmanageable or carried away by a quick choice in actual trading if they are not kept up to date on current events.

The impact appears to be when we do not have sufficient control over our emotions. Yes, we're there because we need our emotions, but we also need to know how to regulate them during times when we should be calm, even if something horrible happens in the market.