One very thing that I have come to realize is that emotional swings are inevitable in trading. You can be feeling so confident and on top of the world after securing a huge profit, then suddenly the feeling of frustration and anxiousness sets in after a loss or setback. It's sometimes a rollercoaster.
What has always been helping me whenever this happens is to step away from the screen of my phone or laptop( as the case may be). I also try to stick to a plan, once I have set my entry and exit I try very much not to second guess cos the market is moving. Journaling my trade also helps me to notice patterns in my emotional response.
It's really not an easy one, but learning to stay calm and focused has really helped make better decisions. How do you manage you emotional ups and downs that comes with trading, love to hear your responses.
You must be used to emotional swing as a trader since that has been the frequent occurrence for every trader in the market. Your emotions must be strong if you want to stay longer in the crypto market. Nothing is fun again and every trader has to work smart in order to have a tangible results from the market. This is why we keep seeing more traders complaining of frequent loses and that could be as a result of their swing emotions making them to change mood when you ought to make a smart decision that will end them some profits in the market.
If you can not learn how to control your anger, you could encounter series of emotional problems in the market that will make you regret the day you decide to learn how to trade.