Sirwin
Sirwin

Emotions In Cryptocurrency Trading: Facts Or Interpretations?


Cryptocurrency trading is an activity that involves making constant decisions under conditions of uncertainty, risk and volatility. These decisions can have a huge impact on our financial, emotional and mental well-being. Therefore, it is important to understand how emotions influence our trading process and how we can manage them effectively.

Emotions are psychophysiological reactions that occur when faced with certain internal or external stimuli and have an adaptive function, since they help us respond quickly to situations that affect us and communicate our internal states to others. However, emotions can also interfere with our rational thinking and ability to analyze, which can lead us to make mistakes or act impulsively.

In cryptocurrency trading, emotions can be both positive and negative. Some positive emotions are joy, satisfaction, confidence or gratitude, which are generated when we obtain benefits, meet our goals or learn something new. These emotions motivate us to move forward and improve our skills. Some negative emotions are fear, anxiety, frustration or anger, which occur when we suffer losses, face obstacles or feel deceived. These emotions alert us to possible threats and prompt us to protect ourselves or seek solutions.

898165253394500eee21d244050f7f49664c3f06ca07715b70bb772cfff94488.png

However, emotions in trading are not objective and immutable facts, but subjective and changing interpretations of our perception and judgment. What may be an opportunity for one person may be a risk for another. What may be a profit for one trader may be a loss for another. What it is to achieve success for some, for others it may be just failures. It all depends on how we perceive and evaluate reality, according to our values, beliefs, expectations and goals.

Therefore, emotions in trading are not something that happens to us, but something we create. We are responsible for how we feel and how we react to the situations we experience. We can choose how to interpret facts and how to express our emotions. We can learn to regulate our emotions and use them to our advantage.

How can we do it?

πŸ“Œ Recognize your emotions, be aware of what you feel at every moment and what causes it. Do not repress or deny your emotions, but accept them as part of your human experience.

πŸ“Œ Analyze your emotions, reflect on the origin and meaning. What do they tell you about yourself, others, and the situation? What needs or desires are behind your emotions? What consequences do your emotions have for your trading?

πŸ“Œ Express your emotions by communicating them assertively and respectfully. Don't get carried away by them or project them on others. Seek support or advice if you need it.

πŸ“Œ Transform your emotions by changing your way of thinking and acting. Look for evidence that confirms or challenges your interpretations. Question your limiting or irrational beliefs. Set realistic and achievable goals. Learn from your mistakes and celebrate your achievements.

πŸ“Œ Cultivate your positive emotions by practicing healthy habits that help you maintain a good mood and an optimistic attitude. Do physical exercise, meditate, breathe deeply, sleep well, eat healthy, have fun, be grateful for what you have.

Remember that emotions in cryptocurrency trading are not facts, but interpretations. You have the power to create your own emotional reality and use it to improve your performance and well-being. Don't let emotions control you, but let them serve you by "working" in your behalf!


TOOLS, PLATFORMS & APPLICATIONS

πŸ’²Β Bulb,Β Publish0xΒ - Earn daily Crypto, NTFs or Money for reading or writing articles and interacting with publications.

πŸ’² AddmeFast - Earn daily Crypto. Promote and increase the sources of traffic, visibility, reach and reputation of your social networks.

πŸ’² Bitrefill - Living with crypto, a philosophy of financial freedom. Travel, play, eat and live with BTC.

πŸ’² QuantFuryΒ (Invite Code: JRRU2593) - Trading - Join using my invite code: JRRU2593 and we will both receive a free share like AAPL or UBER, or crypto like BTC or ETH (up to $250). Trade and invest with no commissions or borrowing fees at real-time spot prices from the NYSE, Nasdaq, CME, Bats, Binance and Coinbase exchanges. With a good marketing management you have the possibility of obtaining passive profits without operating in the market.

πŸ’² StormGainΒ - Trading - They can startΒ without investment, capital is acquired for free with the Bitcoin Cloud Miner.Β 

πŸ’² BingX - Trading - Called "The People's Exchange", it places a strong emphasis on social trading and offers its clients extensive features: new user rewards, demo account, high leverage, spot trading, standard and perpetual futures, grid trading, copy feed , etc.

πŸ’²Β CoinEX, KuCoin - Trading - They offer different bonuses.

πŸ’²Β Bitcoin Spark - ICO - Initial Coin Offerings.


Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.

πŸ’–πŸ’–πŸ’– Contribute To The Author πŸ’–πŸ’–πŸ’–

How do you rate this article?

19


CryptoEntrepreneurs
CryptoEntrepreneurs Verified Member

Trader, entrepreneur, freelancer, enthusiast and promoter of globalization, adoption and understanding of cryptocurrencies and new information and communication technologies (ICTs)


A bit of everything ...
A bit of everything ...

β€œEveryone has their own forms of expression. I think we all have a lot to say, but finding ways to say it is more than half the battle." Criss Jami (existentialist philosopher, poet, essayist, musician, singer, designer and lyricist). | "Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth". Marcus Aurelius (Roman Emperor).

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.