Markets move fast, but emotions move faster. Fear and greed push traders into rushed decisions,buying tops, selling bottoms, or overleveraging positions.
Ethereum, stablecoins, or Bitcoin,it doesn’t matter. Without emotional control, the outcome is the same. A calm mind is as important as any chart.Do you think your biggest challenge in trading is technical skill or managing your own psychology?
Both are equally important, although managing emotions comes first among several other important factors. It's not uncommon for some people to lose simply because they make rash moves and decisions without careful consideration in trading, ultimately resulting in losses. Technical skills, along with knowledge of both old and new coins, are crucial to avoid being trapped in junk coins whose popularity declines over time. So, everything that can be applied to trading is equally important, although the order of importance can vary greatly.
Not only do you need both, but you absolutely need to combine emotions and skills when trading. In terms of order I think skills (strategy) come first, followed by emotions. Because when your emotions are out of control, you can refer to your trading plan or strategy. This way you can ensure every decision aligns with that plan, not just your immediate emotions.
Furthermore if you combine skills and emotions, you can consider automating parts of your trading system, such as determining when to make decisions. This will minimize the influence of emotions on your decisions. However managing emotions is the most difficult aspect of this process, so you must practice frequently to effectively manage them.
Markets always move with speed but emotions can shift even faster and that’s often where traders lose control fear and greed don’t care about charts they push people into poor decisions like buying at the peak or exiting too early at a loss that’s why emotional balance is just as critical as technical knowledge. When you look at trading there are really two foundations skills and psychology skills give you the tools to read the market analyze coins and design a strategy without them you might fall into traps like coins that lose value quickly or setups that don’t make sense but even with the best skills a trader who can’t manage emotions will likely fail because panic or greed overrides the plan.
The way they fit together is what matters most some people place emotions first since they can undo any good strategy others place strategy first because it provides a framework to fall back on when emotions rise in truth both are needed and the weight between them may shift depending on the situation the smarter approach is to build a strong strategy and then practice emotional discipline so that the strategy is actually applied as intended. One practical way to reduce emotional influence is to automate certain parts of trading like setting entries exits or stop losses in advance this allows decisions to follow logic instead of heat of the moment impulses but even with automation traders need to practice self control because no system can fully eliminate the emotional pull.