Post
Topic
Board Trading Discussion
Re: Importance of emotion while trading
by
Dimitri94
on 30/10/2023, 13:52:16 UTC
I think emotions have a big impact on trading. They can influence the choices we make in the market and greatly affect our success. When engaging in trading it becomes crucial to be mindful of our emotions. I believe there's two emotions experienced during trading ;fear and greed.
Fear and greed are very common in the trading world and this is why many become emotional that must be avoided. Many times traders cannot control their emotions. Makes big mistakes during any bullish or bearish trend. When the market turns bullish, they think that their asset will play the biggest role in realizing their dreams, but in reality nothing happens. As a result traders will naturally suffer there. Investing in any coin is foolish to have high expectations. And when the market goes down for some reason, many people fear to sell their assets at low prices to minimize losses. It is also a big emotional factor. Investors must pay attention to this. He should not take any decision out of excitement in any sudden event.