Quote from: shinratensei_ on Today at 12:12:15 AM

Quote from: Dimitri94 on October 30, 2023, 01:52:16 PM

Quote from: betMaster on October 30, 2023, 01:21:00 PM

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.

thats basically just FOMO its why people with weak mental consitute should never trades because they'd easily get influenced by external factor and easily swayed emotionally into doing something that the whales really want him to do.
thats why its sometime advised to go against the trend, like some experts out there have said, buy when market is in fear and sell when market is in greed as simple as that but actually quite difficult to follow if im being honest.
after all, such thing requires strong mental capability to go against the trend quite literally, i've tried once and its definitely harder to keep calm when we are buying meanwhile everyone else is dumping.

And I think a trader will never be missed from the name fomo, fear or anxiety will always follow them because this is an activity that is difficult to predict accurately, so maybe it's only natural that some of them are always fomo in their trading. Quite agree with your assumption, basically trading is an activity that has a fairly high risk, there are many things they must prepare when they want to engage in this activity, and one of them is as you mentioned, if they do not have a strong mentality to face all conditions on their journey, especially the possibility of risk then yes we can be sure they will not be strong in withstanding the pressure in such conditions. While on the other hand this profession requires you to be able to remain calm when involved because your calmness will have a very important role in terms of making truly appropriate considerations, besides that you have to eliminate your emotional overload because of course if you don't have good self-control over it then I think it is very possible for you to do uncontrolled things that cause the situation to get worse.

Although it is quite recommended but in my opinion it is still quite high risk when we have to decide to go against the trend, they must really consider in terms of looking for indications that the percentage is quite high when you want to go against the trend, if you are very confident with the analysis that the price will really reverse according to what you expect then go ahead, but yes it is quite difficult to be able to get a strong mentality to do this way.