There are many people who trade on BitcoinTalk forums. Those who trade must control their emotions. If not, you will have a huge loss in trading. Why emotion is needed while trading is as follows:
1. Profitability: Profitability in the crypto market is very dynamic and variable. Traders' emotions create interest and excitement about their profits.
2. Volatility: The crypto market is volatile, i.e. prices can change rapidly. Having emotion with this position can help traders as it is important to make timely diagnosis.
Here are some ways to control these emotions:
1. Don't expect much profit. For example: You think that you will become rich by investing in a coin.
2. After you have invested in a coin, you find that for some reason it has gone down in the market. At this time, without being emotional, you first look at the condition of the token, what condition it is in, and then take a decision with a cool head.
3. Avoid revisiting a coin after investing. You place a sell order with a specific target.
4. Trade according to market conditions. Don't immediately invest in someone's words.
5. Stay calm and try to control temporary emotions.
As mostly greed kills in trading. If someone is expecting some decent payment then it would be good but expecting a huge profit from any coin, after that coin goes down then would be very hurtful for the trader who has much hope and expectation, as this should be avoided. As we didn't know the market behavior, but a time comes we can assume that something good is coming the way to Bitcoin, as the same thing happens in rare cases but there is also some hope included in that.
Trading is better by doing with a full 100% clear mind and clever mind, one should not listen too many times to others he has to take a step sometimes to get on the path. Calmness would be appreciated in trading for better trading scenarios.