How to deal with stress in crypto trading?
How to deal with stress in crypto trading?
How stress can manifest itself in trading? Losses. Losses come from ignorance or inexperience. In general, they will always be, this is part of our work. But their number can be reduced.
Accordingly, no matter how paradoxical it may sound,you don't need to fight with your stress, it must be experienced and get out of this situation with dignity. Not only that, stress can be a catalyst for more productive activities.
First, identify the source of your stress. If it's a family affair, then spend less time trading and more family time.
If you are overcome by stops, then you should move away from practice to theory and devote more time to backtesting and analyzing trades.
If you are stressed by ignorance, it is accordingly better to repeat the material covered.
If you do not have time to do anything, write down all your actions during the day during the week. And write down what you can get rid of to free up these necessary minutes.
You need to constantly work on yourself. Analyzing errors and drawing conclusions. This applies not only to trading, but in general to all aspects of your life.
How to deal with failures?
First of all, do not believe all crypto bloggers who post only successful transactions. 90% of them have been in losses for a long time and never show their unsuccessful liquidations. And if you look at their leverages with which they enter into trades, it is not hard to understand that these are not traders, but gamblers. Don't compare yourself to others, everyone has good days and bad days.
It is important to understand that trading is working with probabilities. No one knows how your area of interest will work, no one knows where the chart will go tomorrow, no one even has a clue how much the asset will cost in a year.
There are only probabilities of working out certain tools.
So you need to change your attitude towards failure. This deal didn't go through? It's not scary, the next one will come in, or not the next one, but the tenth one. Doesn't matter. If you analyze your failures, and circumstances beyond your control are often to blame for the losses, then you should not worry. Because maybe the next deal will be the one you've been waiting for.
If you got a stop just because Elon Musk tweeted something there, that's one thing. If the stop was received because the trend was not correctly identified, this is completely different.
Failure is like stress, you don't have to deal with it. You will lose. You just need to draw conclusions.
Perhaps the following will help some of you: try to change the initial attitude towards your deposit. It's your tool, nothing more.
I would also like to add: Do not trade $ - trade%.
Your deposit is 100% and only, no matter how much it is in $, it is important only by how much% it increases monthly.
If you get used to this simple rule initially, further improvement in your life and finances will not be long in coming.
How to take a break from trading?
Rest is important no less than anything else, how you spend it, you decide for yourself.
I would like to tell you when to take a break for a while.
1) Several stops in a row. Sure it depends on your trading style. For example, you lose 3% within a day, then you should turn of you laptop and dont check charts today.
Do not try to recoup losses! Its a gambling. Have you reached a breaking point? Turned off, spent time with family, go to the gym, just relax. Understand that the market is not going anywhere, it will be tomorrow, after tomorrow and even after 5 years, the market will always be there as long as humanity is alive.
2) Profitable trades. It is also worth always taking a break, either after a big profit trade or after a series of successful trades.
Why? Because you are filled with euphoria, and you start thinking you are a superhero, super guru, and its can play in one big loses when you start play with bigger deposits without stops.
Everything is going well? Well, that's great, take the money you earn, spend it on yourself, make a gift for yourself or your loved ones.
You just need to do it, you must feel what you earn. While the money is on the exchange, it is 100%, as soon as you withdraw funds from the exchange, it is already $.
You can't earn all the money in the world. Yes, and it doesn't make any sense.
Trading can give you the most important thing - freedom. Freedom in finances, freedom not to depend on the place of work, freedom to manage your own time. BUT! Only when you can accept this freedom.
If you sit at the computer for days, always trying to increase your deposit with thoughts: “I’ll have $ 100,000 then I’ll have a rest”, deny yourself pleasures: “I’d better buy a coin with this money and it will grow”, etc.
In this case, you yourself deprive yourself of freedom and become a prisoner of this squirrel wheel.
In the end, you will simply stop enjoying trading. Our brain already remembers more negative than positive, that's how we are arranged. And if you live only on the exchange, you will inevitably remember only the negative from trading - your losses. Come to harmony between work and rest, then you will feel the pleasure of the process.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
* Look at my ideas about interesting altcoins in the related section down below ↓
* For more ideas please hit "Like" and "Follow"!
How stress can manifest itself in trading? Losses. Losses come from ignorance or inexperience. In general, they will always be, this is part of our work. But their number can be reduced.
Accordingly, no matter how paradoxical it may sound,you don't need to fight with your stress, it must be experienced and get out of this situation with dignity. Not only that, stress can be a catalyst for more productive activities.
First, identify the source of your stress. If it's a family affair, then spend less time trading and more family time.
If you are overcome by stops, then you should move away from practice to theory and devote more time to backtesting and analyzing trades.
If you are stressed by ignorance, it is accordingly better to repeat the material covered.
If you do not have time to do anything, write down all your actions during the day during the week. And write down what you can get rid of to free up these necessary minutes.
You need to constantly work on yourself. Analyzing errors and drawing conclusions. This applies not only to trading, but in general to all aspects of your life.
How to deal with failures?
First of all, do not believe all crypto bloggers who post only successful transactions. 90% of them have been in losses for a long time and never show their unsuccessful liquidations. And if you look at their leverages with which they enter into trades, it is not hard to understand that these are not traders, but gamblers. Don't compare yourself to others, everyone has good days and bad days.
It is important to understand that trading is working with probabilities. No one knows how your area of interest will work, no one knows where the chart will go tomorrow, no one even has a clue how much the asset will cost in a year.
There are only probabilities of working out certain tools.
So you need to change your attitude towards failure. This deal didn't go through? It's not scary, the next one will come in, or not the next one, but the tenth one. Doesn't matter. If you analyze your failures, and circumstances beyond your control are often to blame for the losses, then you should not worry. Because maybe the next deal will be the one you've been waiting for.
If you got a stop just because Elon Musk tweeted something there, that's one thing. If the stop was received because the trend was not correctly identified, this is completely different.
Failure is like stress, you don't have to deal with it. You will lose. You just need to draw conclusions.
Perhaps the following will help some of you: try to change the initial attitude towards your deposit. It's your tool, nothing more.
I would also like to add: Do not trade $ - trade%.
Your deposit is 100% and only, no matter how much it is in $, it is important only by how much% it increases monthly.
If you get used to this simple rule initially, further improvement in your life and finances will not be long in coming.
How to take a break from trading?
Rest is important no less than anything else, how you spend it, you decide for yourself.
I would like to tell you when to take a break for a while.
1) Several stops in a row. Sure it depends on your trading style. For example, you lose 3% within a day, then you should turn of you laptop and dont check charts today.
Do not try to recoup losses! Its a gambling. Have you reached a breaking point? Turned off, spent time with family, go to the gym, just relax. Understand that the market is not going anywhere, it will be tomorrow, after tomorrow and even after 5 years, the market will always be there as long as humanity is alive.
2) Profitable trades. It is also worth always taking a break, either after a big profit trade or after a series of successful trades.
Why? Because you are filled with euphoria, and you start thinking you are a superhero, super guru, and its can play in one big loses when you start play with bigger deposits without stops.
Everything is going well? Well, that's great, take the money you earn, spend it on yourself, make a gift for yourself or your loved ones.
You just need to do it, you must feel what you earn. While the money is on the exchange, it is 100%, as soon as you withdraw funds from the exchange, it is already $.
You can't earn all the money in the world. Yes, and it doesn't make any sense.
Trading can give you the most important thing - freedom. Freedom in finances, freedom not to depend on the place of work, freedom to manage your own time. BUT! Only when you can accept this freedom.
If you sit at the computer for days, always trying to increase your deposit with thoughts: “I’ll have $ 100,000 then I’ll have a rest”, deny yourself pleasures: “I’d better buy a coin with this money and it will grow”, etc.
In this case, you yourself deprive yourself of freedom and become a prisoner of this squirrel wheel.
In the end, you will simply stop enjoying trading. Our brain already remembers more negative than positive, that's how we are arranged. And if you live only on the exchange, you will inevitably remember only the negative from trading - your losses. Come to harmony between work and rest, then you will feel the pleasure of the process.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
* Look at my ideas about interesting altcoins in the related section down below ↓
* For more ideas please hit "Like" and "Follow"!
🔥Indicators Set - t.me/crypto4light/2155
✅Youtube- youtube.com/crypto4light
💰Join in tg channel - t.me/crypto4light
🐦Follow on Twitter - twitter.com/vladi4light
📊Max Discounts lnk.bio/discount4light
✅Youtube- youtube.com/crypto4light
💰Join in tg channel - t.me/crypto4light
🐦Follow on Twitter - twitter.com/vladi4light
📊Max Discounts lnk.bio/discount4light
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.