The Myth of Control

It’s funny how every trader thinks they can control what happens. I used to be convinced I could handle losses or time the market perfectly. But honestly, control really stops when you hit that execute button. After that, it’s all up to the market. Now, my focus is on my entries, stop losses, and just my overall mindset. Letting go of that need to control everything has actually given me way more freedom than I ever had trying to grasp it tight. Freedom is so much better than this illusion of control. So what about you? Are you all about managing risk, or are you just chasing that feeling of control?

People will manage risk so that they can have a better control, using high amount of money to trade which you can not afford to lose can result to emotional and losses to the point of asset liquidation, but if you have good risk management will be very helpful and it can let you avoid some mistakes. Or if you still lose the money, you can afford to lose it, but patience is very important in trading.

Logically, you start trading because you think that you can control the outcome and in control you mean that you are buying a coin at right time and are sure that the price will go up, you'll sell it and profit. If you didn't believe in yourself, then you wouldn't start trading in the first place, so I think that that's normal. I would call it an illusion of control when someone thinks that their trade can pump or dump the price unless they are trading with thousands of Bitcoins.

I used to think I had discipline. Stop losses all set, every single order was limit, maybe trailing stops to make me feel even more 'powerful'. But sit at the terminal, see your trades go red, and hover near your stop and you lose discipline. You remove the stop and let it ride. Or, keep losing? Maybe just another $100 right? Time to sleep? Why not watch the news more and more and more. See the terminal again and again and again. It's psychology you can't beat sadly.

Trading has always been like that, there is always the chance that you feel you are in control but you are never actually in control because the market is always unpredictable. Still in the long term you have a chance to predict correctly that the price is going up but in short to mid term you will make mistakes and feel frustrated. Hence always try to place long term orders and not short term. Dont day trade because that will devastate a new trader. Never go all in on trading, even if you become a veteran at it.

We need to manage risk and not chase profit only. If we are trying to chase profit only, we may lose and difficult to recover our losses. We can't make an accurate analysis but we can try to analyze and follow the market movements. It needs experience and more learning to have a better outcome. You don't have to worry if you find it difficult to make a profit because you will have your time to get it. You do the right thing so you should carry on that and see how big the outcome is.

You don't keep a cleaned ground of your looses my claiming Ignorant whenever you lose it but how you manages yours risks because as the market volatilities maybe unpredictable, you'd need some other times to go next rounds. Behold, trading is pure gambling because you're predicting the uncertainty. So you'll need to adhere to your risk managements. Chasing control is ascribed to traders who hasn't been shaped to control their emotions. So both risk management and emotional control shouldn't be undermined so that you can always take responsible decisions.

Actually, it's clear that if someone manages risk successfully, control becomes easier. I won't say that I'm confident I can control the outcome because the strategy I've carefully thought out may not be exactly on target. But here's the thing: with good risk management, I believe that the burden I'll bear when I get a missed result won't be too heavy. I'm not taking it too seriously.

Why I think the two are actually related. Traders who manage their trading risks tend to have better control. Although in the trading process, they still cannot avoid losses. However, with risk management, traders have losses that are acceptable. This can serve as a control to avoid losing more, or as a control for traders to avoid being greedy and wanting to earn more.

Learning how to optimize and manage risk is the ultimate form of control a trader can have over the market, because at the end of the day, a trader like yourself would have to apply certain techniques like stop loss, limits, leverage and the likes to better their chances and maintain some form of control over the market trends that is as a result of volatilities and speculation. Emotional maturity is control too and it doesn't give you the illusion of control, because it is confidence and control in itself. Experience makes a trader attain this height of emotional control and I would conclude that it is actually freedom without falsification.

As a trader all you can do is to have a good set up before placing your trades, this doesn't control the outcome it only reduces the risks and increases your chances of winning. Every trader that's experienced knows that there's no such thing as being in control of the market, you can only manage the risks involved by using a small lot size and also trading with an amount of money you that you can afford to lose.

Not managing your risks may expose you to greater losses in your trades. Stick to letting the market do its thing after applying your proper risk management. Chasing over your losses and thinking you’re the omega that the market will play by its rule will only make you to incur more losses in your trades. I don’t chase controls, it will only make you expose yourself to bigger losses. One thing I don’t do is chase losses, it’ll only make you lose more money. Losses are part of trading, just apply proper risk management and you’ll only incur lesser losses if at all you come over any in your trades.

Good risk management and patience are crucial in trading. If you can maximize that, your trading success will be highly possible. As much as you will gain bigger control of your trading outcome, the rate of profitability will also start to elevate. That's how important risk management is. You don't chase controlling the market outcome because that's very impossible, but all you have to do is to exercise maximum risk management to gain maximum trading profits as well.

As long as we are trading in such unpredictable market, there is no way we can take full control of the market outcome. Although I have to say better experiences in trading will help you see the most possible trading outcome, but again there is no market certainty. The illusion of controlling the market will only make you more exposed to trading mistakes and losses that eventually turn regrets in the end. Focus on managing the risk instead, surely it will be your asset to avoid bigger losses in trading.

thats kinda deep and very true as well because in trading!! control is mostly an illusion somehow you can not control how the market moves but you can control how you react to it once you understand that trading becomes a lot less stressful. i feel it is all about managing risk, emotions and timing not trying to fight the market. the market will always do what it wants, no matter what we think the moment you stop chasing control and start focusing on discipline and patience that is when you really begin to trade better

If you do proper trading setup you can control outcome to some extent either it hits your TP and you get profit or it hits your SL and you lose some money but overall it's within your calculation, that's called control and not just irresponsible speculation that's the scope where you gotta take an advantage. After that you let the market decides. Just consider the market to be random, nobody have any idea what the market gonna do even warren buffet.

Traders don't control the market, therefore they don't control their trading outcomes especially profit from trading. The only thing traders can do and control is using orders like Stop-Loss, Stop-Limit to make their automatic exits in order to close their trading positions at the prices they want. It will help them to completely avoid loss (if their stop loss order is at price equals to or higher than their entry prices) or reduce loss severity. These orders are powerful and helpful weapons for traders but remember that sometimes these orders fail to be executed too. Anyway, having weapons to use and actually using them is better than don't have any preventive solutions. Stop loss order. Which orders to use: Stop loss or Stop limit order?

In trading, both self-control and risk-taking are important, these steps need to be taken. If you take risks only in the hope of making a profit, then it will not be good for you at all because you may face losses due to market volatility, that is why you have to control yourself along with risk. In trading and investing, you have to take these two tasks and along with that, you have to gain good experience in market analysis. In that case, you have to follow each step so that you can succeed well, you should never get disappointed in investing and trading, but you have to be patient. However, only those who can control themselves can take big risks, and only by taking risks can you succeed.

Isn't it true that many of our fellow members here on the forum platform also give reminders about Risk Management? Which is, if we manage the risk properly, we're sure we won't experience what's called chasing losses. And of course, we can do this if we have proper use of our self-control, which should become a habit for investors and other communities in this crypto space field that we're part of here.

It's just like gambling. You have a feeling and you start to think that you know what's going to happen. If I am a Djokovic fan, I will always feel that betting on him easily pays me but that's not always the case. Similarly, in trading, we have certain thoughts and we feel that will happen just because we think so. Over time I have realized no one can really control the market. Some can manipulate to some degree but even they don't control it fully. I don't take trading that seriously but in future if I do, I would really want to back the data and remove the 'emotions' part. It's not easy to have no emotions when you trade with a significant amount though.