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.
A trader who is in charge has power and is king. He who has self control can achieve what those who let emotions run them down can not achieve.
Whatever profits seen don't expect too much because of greed. The collection of profits is really underrated by too much traders that they eventually end up losing it all.
And if you lose the trade that day or moment, fail to dwell on your lose and forge ahead. What should not be repeated is not taking profits and learning from your previous failures.
You should always learn from whatever the outcomes of your trading session, not letting yourself to get something
out from your previous trades, will keep you being blind with what you wanted to achieve.
It's very important to have that target and keep the knowledge that you can continuously be achieved, stop all those wrong interpretations
and allow yourself to keep improving your trading skills.
You should really be that making yourself that adaptive or something that do talks about being versatile when it comes to various situations on which on the time that you would really be that encountering new things and able to commit out mistakes, then it would really be that impossible for someone not to be able to notice it out and learn something from it. We know that experience is the best teacher and on the time that you are really that indeed experiencing some mistakes or errors then it would really be just that normal for a human to make out such adjustments on next time that you would really be able encounter it. It is really just that a matter
on how a certain individual would really be making out adjustments. We know that emotions is the greatest factor that could really affect someones trades or whatever they've been dealing with, we are just simply humans and having that those common emotions basing up on the situation or condition that you are really that experiencing.
If you do lack knowledge and experience then for sure the reaction would really be somehting that would really be off or would really be resulting into further damage or something that simply talks about mistake.
Overtime, as you do get going then you would really be able to eventually to make out adjustments if needed.