Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Dr.Bitcoin_Strange on January 18, 2024, 10:50:20 PM
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
-
I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made.
Perhaps all traders are and will continue to have/test/retest unpleasant emotions and experiences like this. Traders all know that before learning how to make a lot of money, we must learn how to protect capital and protect profits. Although greed makes us expect the best and continue to hold positions, we need to control risk well to protect our hard-earned profits. Stop-loss and Take-Profit will help traders protect capital and profits effectively. Discipline will help us avoid many regrets.
Anyway, that's still just theory, depending on traders' expectations, the actions will be different. For example, when trader bought BTC from $20K and expected BTC to reach $150K by 2025, the decrease in BTC price from $49K to $42K is still not worth worrying about even though it blew away 17% of the profit 😅
-
I would say it depends on the amount we are talking about to be fair. If you are trading with 1000, and make it 1500, then maybe you could stop but I could understand not stopping neither, 500 dollars is not an amount that would mean anything to anyone, sure its good to have, I would be insanely happy if I had that much now, but that doesn't mean that you are going to end up with that much profit in the end, its not that clear. So when you get to do that, I would guess that it could maybe make sense for you to have some sort of different income possibilities. On the other hand, if you turn 1 million into 1.5 million, you should obviously stop lol.
-
As for my way of trading, it is very peculiar, it is simple, when I do it I establish what is my stop and what is my take profit, but since some exchanges do not have both things established at the same time, well, what I do It is to put a stop loss with a maximum of 8% loss, never 10%, and a take profit of 3xstop loss, in case the exchange is accepted I do both things like this, and I don't have any type of emotion, I just return at night and I check, if it touched my stop loss then I assume my loss and that's it, there is no problem, but if I win, well, because I have seen the trading in the correct way, the exchange that is ideal for me is BITFINEX, and I like it because the operations are entered with a stop loss and a take profit at the same time, this is something I like a lot, because that's the only way I can be calm, on the exchanges where you can't do that, basad that Bitifinex is very expensive to do anything, because I only keep an eye on the price and I move the stop loss, but it is something that is stressful because I have to be glued to the PC all the time.
-
...//:::
+1
In simple words (fish), stops are not set only for profits, in fact it is the same for losses, and it is something that must be taken advantage of according to the exchange, doing it manually is "sick".
In the case of OP, I think that "playmoney" is the result of how you would do it with real money, that's what it is for, and in fact it never stops being used, there are strategies that are tested out there before, even having experience, they use play money is not just something for beginners.
-
As for my way of trading, it is very peculiar, it is simple, when I do it I establish what is my stop and what is my take profit, but since some exchanges do not have both things established at the same time, well, what I do It is to put a stop loss with a maximum of 8% loss, never 10%, and a take profit of 3xstop loss, in case the exchange is accepted I do both things like this, and I don't have any type of emotion, I just return at night and I check, if it touched my stop loss then I assume my loss and that's it, there is no problem, but if I win, well, because I have seen the trading in the correct way, the exchange that is ideal for me is BITFINEX, and I like it because the operations are entered with a stop loss and a take profit at the same time, this is something I like a lot, because that's the only way I can be calm, on the exchanges where you can't do that, basad that Bitifinex is very expensive to do anything, because I only keep an eye on the price and I move the stop loss, but it is something that is stressful because I have to be glued to the PC all the time.
Yes, I equally agree on setting the stop loss and take profit because it will help the trader exit the market without mixed emotions. If perhaps the trader was to cancel the trade manually by themselves, they might have mixed emotions, considering if they should stop the trade or wait a little longer, and at that moment they could actually take a decision that could result in a bigger loss or profit. The results might not be certain at that moment.
Digifinex, which I am using, has features that satisfy my needs; as a matter of fact, they also have stop-loss and take-profit. I think I will have to initiate the use, like your suggestion.
-
I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Of course, greed always becomes the obstacle to succeed in trading. If we always feel greedy, we probably will end up with sever losses and missed the chance to gain good profits. I have experienced it several time, I failed to get good profits because I became too greedy. Sure, if we are in the right way to take profits around $100-$500, it is better to decide taking profits. There is no guarantee that we can get higher profits.
-
This may be considered ordinary advice and we are used to hearing this advice. This advice is really important for those of us who trade so that we don't get greedy when trading cryptocurrency. Because after all, if we are greedy, this will make us more likely to not make a profit or actually make a loss. and this may lead to certain regrets.
That's why it's true that we have to have an understanding so that we can set our trading target at a certain number and then decide to exit after getting a profit at that target. Don't let us be tempted by changes in the market so we quickly change our position without thinking about what the future holds. Actually, this is to reduce our risk of loss.
-
~ if we are in the right way to take profits around $100-$500, it is better to decide taking profits. There is no guarantee that we can get higher profits.
You're right
If we already get $ 100-500, I think we should decide take profit.
Don't be greedy.
Trading is how about to manage our emotion.
I agree with you no guarantee that we will get higher profits.
And we know market is always movement, go up and down every time.
Keep focus.
-
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
I agree with your point and faced this issue in my trading experience too. I also become greedy while making trades, I guess you must have taken break from trading for the same reason of not having control on your emotions I also have the same emotions and I can't control on them sometimes. I mostly made loses due to following signals of big influencers, and the big mistake I mostly did is become greedy or underestimating the signals those influencers have already have.
For example, if they said to book profits then we should book profit and should not wait further in order to make more profit, and I made such mistakes few times and faced a lot of loss. I learn this lesson now but still sometimes I make the same mistakes.
I suggest to those who are new, to book profit whenever they have the opportunity, but sometimes booking profit quickly in the fear of losing all also a become a big mistake, so we have to keep balance in them using knowledge.
-
You are right, we should not become greedy over more or little money both. Because in your scenario you became greedy while you made $500 profit with $1000 only which in the first place is insane, and the human nature is already very greedy, because if you become greedy with the thought to make $500 more to make it $2000 then even after achieving this target. Your nature, our nature, will make us to trade more with the target of $500 more and this never stops until we make regretful choices.
Besides this, we also be called as greedy if we book profit which was not that much, like we make $100 profit which for me is a good profit, but considering the state of the market, if it can make me $1000 profit while I am booking it at $100 then it also called as greed. Because I greed for $100 while I should have known that I can make $1000 profit, if I would have done the analysis right way.
-
...//,,,, like we make $100 profit which for me is a good profit, but considering the state of the market, if it can make me $1000 profit while I am booking it at $100 then it also called as greed. Because I greed for $100 while I should have known that I can make $1000 profit, if I would have done the analysis right way.
It's not about being greedy, it's about being clear about the percentages. You say that $100 is a good profit, it depends on the percentage of profit in reference to the initial investment:
ROI = [(income – investment) / investment ] x 100
That is, it is a 10% profit. (in an investment of $1000)
So, if your profit margin is 15%, being greedy is not your plan (vice versa).
-
Apart from greed and whatever that is involved, I also think that there is a great difference between trading with demo account and real life trading. The emotions is different. While on the demo account, you are so sure that your money is not varnishing. Maybe you will be a little bit reckless, while you have to be careful trading with your real money. That's why it most times seems that there's a big difference between a demo account and a real account.
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
We have to consider how many trades did you take to profit 300%, this is the way to determine if you just made it with luck or skill. If you only trade with just 3 to 5 trades and made 300% you're probably relying on luck but if you have taken 10 or more trades to get 300% this means that your trading plan is working.
The way you trade on a demo account vs a live account is different because there is no emotion involved in demo account that's why you can execute well in the market unlike with live account which really affects your execution.
-
Have been human nature with greedy exactly their trading position earn much profitable, but I have bad experienced with greedy make me loss all much profitable with altcoin holding. Must take the already profitable earn or if believing with coin get potential raise more higher price take profit around 50% of assets and left amount hold it.
Actually I won't make the same mistake any more after many coins losses much profitable with greedy and not take profit as soon possible when getting chance.
Get limitation amount for taking profit in trading or investing, if some one get greedy will blame for taking profit until their disappointed one day later after price returning down.
-
One piece of advice that I got from the internet is that to have a target profit on that day, the target profit should be achievable and not that huge. Also, limit your trades like 1 or 2 trades per day, no matter how good the market is because this really starts the greed. Though it still requires proper discipline having to start with that advice and strategies can give you more control over yourself, preventing you from blowing out your account.
-
Apart from greed and whatever that is involved, I also think that there is a great difference between trading with demo account and real life trading. The emotions is different. While on the demo account, you are so sure that your money is not varnishing. Maybe you will be a little bit reckless, while you have to be careful trading with your real money. That's why it most times seems that there's a big difference between a demo account and a real account.
Using demo account is very different and that is just not trading but learning and playing. Demo is just to learn and also about how trading works and nothing more than that. You can also use it to test new strategies. In demo, there is no emotion at all.
One piece of advice that I got from the internet is that to have a target profit on that day, the target profit should be achievable and not that huge. Also, limit your trades like 1 or 2 trades per day, no matter how good the market is because this really starts the greed. Though it still requires proper discipline having to start with that advice and strategies can give you more control over yourself, preventing you from blowing out your account.
One of the reasons most traders are losing is just like the confidence they have when the are making profit. They may have in mind to just trade ones per day, but if they are making profit, they will think to double it. It might get to a time they will make more than 5 trades in a day and the loss may start. I know a trader that tells me how he will trade the first in a day and make profit but end in losses before the night after many trades. Greediness should be avoided in trading.
-
It's not about being greedy, it's about being clear about the percentages. You say that $100 is a good profit, it depends on the percentage of profit in reference to the initial investment:
ROI = [(income – investment) / investment ] x 100
That is, it is a 10% profit. (in an investment of $1000)
So, if your profit margin is 15%, being greedy is not your plan (vice versa).
Totally agreed with you, I am well aware of the ROI as I have a good understanding of crypto market and I trade frequently. So I know when to become greedy and when to fear the market. I was trying to emphasize the importance of knowledge and analysis that a newbie and pro trader should always perform before making any trade.
Greed and fear, I read some topic related to this, and my opinion between them is, you have to be educated enough to determine between greed and fear. And you can do that by doing your homework. If I have already made my plan of taking 15% or 20% profit margin and if I am getting that then of course I will call it a successful trade, because I got what I predicted. But what I am trying to say is, one might have fixed his profit margin for 15% while another expert who knows this pair can give us more than that. Why? because he have more experience, or more knowledge.
-
It was all cause by greediness, so while we are trading we should also be careful and remember how to protect our capital, though everyone always fall a victim of such we might not know at that time unless we we have learn since it is said experience is the best answer , because we might see since the more we invest the more our earnings accumulate, also for every successful business man when you ask them how far they have come before getting such position they are now, you will agree with me that they have encountered so many difficulties and set back along there way but didn’t relent because they have a targeted goal they want to Achieve . Remember an (Adage) that say the more you invest on something the more the risk of loss come. So what am saying here always invest less so when it falls you won’t encounter a lot of lost, remember even the tortoise never relent and always have that zeal to get to is destination even with is slow move.
-
One piece of advice that I got from the internet is that to have a target profit on that day, the target profit should be achievable and not that huge. Also, limit your trades like 1 or 2 trades per day, no matter how good the market is because this really starts the greed. Though it still requires proper discipline having to start with that advice and strategies can give you more control over yourself, preventing you from blowing out your account.
Besides limiting the number of trades per day to control greed and maintain sanity, I think TakeProfit is also important.
Any trades should have 3-5 clear TP so we can protect capital and a portion of profits, no matter how small. In particular, when enough capital has been recovered, profits can be easily managed and often create huge profits for traders.
-
It is difficult to actually come back from such a situation. When a trader makes a profit by trading, he will want to increase the amount of his profit. After a successful trade he will be more inclined to take more trades to increase the amount of profit. If a trader earns fifty dollars in one day, he wants to earn more money the next day. It is natural to do this because one never comes to business with a short-term plan but has a long-term plan to do business. But if those traders can trade properly then it is okay for him to wait but if he earns some money depending on luck only then later luck may not help him which will result in loss of money. In addition to trading in new situations, one should try to learn more details about trading so that he can sustain his trading with sufficient knowledge.
-
It is difficult to accept things when you need to do what you can win or lose in trading, normally we always want more, but that must be managed very well , sometimes I tell Everyone I can that we have to see the trading as if it were a business , a business where you get daily profits and that's it, you don't have to look at it any other way, for example if in a Transaction in the day I earn 5 USD, that's super good for me, or if I earn more Well, welcome, I say this because a business is like that, in a business we can only become rich from one day to the next , normally in a traditional business the ROI is 3 or 4 years , this is how a profit is made or generated good business, and the same applies to trading.
If we apply or consider that business for trading , we will be doing things well , with patience and little by little, it is the easiest way to do it.
-
Greed will surely destroy us. even though for example not yet, at some point we will definitely get the results, we just have to wait for the time... and indeed when trading, one of the things that influences our decision to take profits is greed. Because it's not uncommon for us to lose the moment because we act greedy with the profits we should get.
-
Greed will surely destroy us. even though for example not yet, at some point we will definitely get the results, we just have to wait for the time... and indeed when trading, one of the things that influences our decision to take profits is greed.
Yeah, don't be greedy, It's bad emotional.
I agree with OP, just take the already earned profit and leave.
We have feel this at anytime.
When we have gotten profit, but still hold.
and then the market dump.
It's because of greedy.
Why we don't sell ASAP when target reachable.
It's really funny, but I often do it... hahhaha
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Absolutely, your experience with demo trading is a crucial part of learning to manage greed in trading. Blowing a demo account multiple times is a valuable lesson in discipline and emotion control. It's essential to treat demo funds as real money to hone skills effectively. Your conclusion is spot on: in trading, securing profits and avoiding greed-driven decisions is key. Keep using these demo experiences to refine your strategy and emotional control. It's a process, but with persistence, you'll get there!
Do keep in mind that this is one of the best Time to Trade Crypto:https://r100k.com/blog/best-time-to-trade-crypto-2024.
-
I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Of course, greed always becomes the obstacle to succeed in trading. If we always feel greedy, we probably will end up with sever losses and missed the chance to gain good profits. I have experienced it several time, I failed to get good profits because I became too greedy. Sure, if we are in the right way to take profits around $100-$500, it is better to decide taking profits. There is no guarantee that we can get higher profits.
Absolutely, striking a balance in trading is crucial, especially with the upcoming Bitcoin halving. This event is often seen as an opportune moment to trade, given its potential impact on the market. The halving can create unique market conditions that savvy traders can capitalize on. With this in mind, now might indeed be an excellent time to refine your trading approach. For more insights on why this period is particularly significant, and how to make the most of it, I recommend checking out this insightful blog post: Best Time to Trade Crypto in 2024(https://r100k.com/blog/best-time-to-trade-crypto-2024) . It offers valuable perspectives that could help you in aligning your trading strategies with these market changes.
-
Well... I agreed with you but I don't think with the greediness in us, if we can just leave without having second thought of what if it's still increasing. But for me even if I didn't get to gain my capital even if it's half of it, I leave because it's better to have half than to loose all my money.
-
Trading on Demo account is quite different from trading will real funds, because you are not losing anything. The way it is on demo will not be the way the market will be like when you go into the market. It is just like gambling, when you are playing on demo account, you can win easily but on real money, you cannot win the house hedge. Trading needs patience and contentment, so that you don't end up losing, the little profit that you already made. Greed is something that can lead to great loss, when trading due to the volatile nature of bitcoin, and this is why, you don't need to allow your emotion to control you but rather control your emotion.
-
If you demo trade, it's like you're just playing, and you won't feel the regret of what you're doing because, in the demo, you still have the will to buy or sell a large amount. That's why, in reality, when it comes to trading in crypto or bitcoin, there is a big difference.
Because of reality, of course, real money is already working, so instead of starting the demo account on the trading platform, it is better to start the lesson and learn to trade, especially learning about the tool indicators that we will use in trading and practicing how to do technical and fundamental analysis.
-
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
You are right but to some extent only, because if we are always in a hurry to book the profit we might end up in a situation called as panic sell. I mean, if our first priority is to book profit no matter how much profit we are making then we will end up making less profit but yeah it is better then making a lose at first hand.
So I agree with you on this only, according to your example, the profit is good and we should really book it at first had, or at least book the profit equals to our investment so we will be risking the remaining profit only, as the investment is already being covered. But sometimes, taking the profit and leaving the market also comes under the category of Greed for example a small profit you made and quickly exit the market even the market had more potential.
-
Greed is indeed a factor that is quite disturbing and quite influential on a person's survival and in this case also in achieving success. When trading, someone usually has a certain target to take profit or to exit at a certain rate. and indeed there are several stages to take profit so that after all we can optimize this profit as best as possible. However, sometimes human greed appears when we see that the market trend is rising. so that we don't take profit and hope that the price will go up and up again.
However, as we know, when prices have risen to a certain point, there will usually be a market correction. And this is the danger when we miss the moment to take profit at a certain rate. and actually prices are going down. That's why we really need good management to take profit from the various risks that we will face. Indeed, personally, I would also prefer to be wiser and not greedy anymore because experience has taught me many times. Panic and also greed are problems that we really have to conquer and control.
-
Dr.Bitcoin_Strange that just the fact. Greed is one of the crazy emotions that initiate alot of losses in trading to always wanting to end your trading with an whole number. Think I made the mistake of learning with my real asset and o end up losing alot because of my poor controlling of my emotions. Now I think I should also base on demo for now so that I would be able to know how to manage those emotions in trading. Like a weeks back was actually trading make good profit. I should have just call it a day no!!! Because of greed I wanted to round it up with something nicer eheheh doesn't no that I would lose but the profit I made and also the finds I traded.
The fact is that is better to make $10 profit than to end up losing funds that would initiate the thought of wanting to get that funds you have lost back. And that may end up attracting more losses, learn from others mistakes and don't let experience to be the one to always teach you...
-
~
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
It's very easy to say "Always take profit" if you aren't a trader, but TBH, it's hard if you're in that position where you are up 200% in your position, but you still want more because you're too greedy.
I've been in that situation already many times. One trade, you will gain so much profit, but you want more so you will make another trade again and this time, you lose. Taking profits is very easy to do, but because there are many greedy traders, their supposed profits will turn out to be huge losses. Taking profit will never be hurtful. Just think that profit = profit, and that would be better than waiting for more, hoping to get more profits only to end up losing.
Greediness is always a problem for some traders so I guess learning how to be emotionless when trading would be helpful. Stick to your strategy. If your plan is to sell when you're up 10% then at all cases, do it, and don't wait for any longer. After all, profit is profit. :)
-
~
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
It's very easy to say "Always take profit" if you aren't a trader, but TBH, it's hard if you're in that position where you are up 200% in your position, but you still want more because you're too greedy.
I've been in that situation already many times. One trade, you will gain so much profit, but you want more so you will make another trade again and this time, you lose. Taking profits is very easy to do, but because there are many greedy traders, their supposed profits will turn out to be huge losses. Taking profit will never be hurtful. Just think that profit = profit, and that would be better than waiting for more, hoping to get more profits only to end up losing.
Greediness is always a problem for some traders so I guess learning how to be emotionless when trading would be helpful. Stick to your strategy. If your plan is to sell when you're up 10% then at all cases, do it, and don't wait for any longer. After all, profit is profit. :)
It's difficult to control greed, but for me, it can all be resolved easily when you don't need too much money, and then you can withdraw a portion of the profit you made on the exchange. After that, wait for the right moment to buy another coin at cheap prices. At least as long as you don't have to pay obligations or cover other people's finances, your life will still be peaceful because you think about yourself, and of course, the money you will collect will be faster. However, the amount of profit you get depends on you because you are the one who does it. and all of us in this forum may just provide a little insight and a little advice to make you more confident with your choice.
-
Greediness is always a problem for some traders so I guess learning how to be emotionless when trading would be helpful. Stick to your strategy. If your plan is to sell when you're up 10% then at all cases, do it, and don't wait for any longer. After all, profit is profit. :)
Yes, I actually love what you said here @LogitechMouse, it will be better for a trader to be decisive about the percentage level which they want to stop the trade and take profit, because if they don't decide it and agree, they may have some mixed feelings whether to call off the trade or hold on a bit when the market begins to go in their direction.
Greed could be a problem to a trader bit it is not impossible to control, as long as the trader is willing to develop their self strategy and stand by it, they can control their emotions.
-
It's difficult to control greed, but for me, it can all be resolved easily when you don't need too much money, and then you can withdraw a portion of the profit you made on the exchange.
You can deal with your greed if you have knowledge and set a realistic target. I think no one in the world who doesn't want to get much money. Every one who trades crypto coins must have the intention to get profits as much as possible. However, if you have good knowledge, you must understand how far you need to trade the coins. You also must understand the proper way to trade. So, you don't have a problem to deal with the greed.
-
OP, It is your bonus trading on demo account so there is no loss to your main balance but if it was your main balance you would have faced a huge loss. The main point of all words is that you should never go into trading with excessive greed in the field of trading. The bonus actually given in the demo account is mainly given to enhance the trading experience. But instead of increasing this trading experience, many people trade with such greed that in spite of their profits, they later get over greedy and end up trading with capital losses along with their past profits. In this case, excessive greed and emotion should never be indulged in trading because these two things make trading vulnerable to losses.
-
It's difficult to control greed, but for me, it can all be resolved easily when you don't need too much money, and then you can withdraw a portion of the profit you made on the exchange.
You can deal with your greed if you have knowledge and set a realistic target. I think no one in the world who doesn't want to get much money. Every one who trades crypto coins must have the intention to get profits as much as possible. However, if you have good knowledge, you must understand how far you need to trade the coins. You also must understand the proper way to trade. So, you don't have a problem to deal with the greed.
You're right we can control greed if we have knowledge, experience and good emotions management in our mind.
all people want to be rich.
But we should realistic target.
If we have achieved our sales target, do it.
Don't be greedy because greed will destroy us.
Maybe it will need long time to gain experience to manage emotions, especially greed.
time will tell..
-
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Everyone that trade knows it's better to take the little profits first but still people still let greed play on and at the end, what they encounter is just loses and nothing to show for on their trading session. Greed that affect human is not only tired to trading as we experience this in almost every thing that we do, from gambling to even our daily life it's just like a virus that's really hard to get rid off.
-
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Everyone that trade knows it's better to take the little profits first but still people still let greed play on and at the end, what they encounter is just loses and nothing to show for on their trading session. Greed that affect human is not only tired to trading as we experience this in almost every thing that we do, from gambling to even our daily life it's just like a virus that's really hard to get rid off.
Some people are just greedy when it comes to money or other important things like sharing things with others.
Moreover, like we all know that it is better to take the ones that you have seen first before hoping to take the ones that you have not seen or even sure of.
Traders are putting them self into big risk when they trade, and as a trader you must have the mind to endure loses just in case you lose and not gain back.
Some traders have goals and they just can't let their goals stand aplace just because of small money that they see, but taking the little ones like twice or 3× will be more than what they have set to get.
-
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
It is one reason why many don't take profits because even if the profits are available, they won't take it because they think that it will be more by just waiting for some moments. And as they wait, instead of the good ending of that wait, the bad ending comes and that's making them lose more money. It is important for traders and even with the investors to take profit when you are on that point of your trades and investments. Don't feel regret of taking them because the main reason you trade is to make money, if you forget that or tries to become greedy, remember that reason.
-
It is one reason why many don't take profits because even if the profits are available, they won't take it because they think that it will be more by just waiting for some moments. And as they wait, instead of the good ending of that wait, the bad ending comes and that's making them lose more money. It is important for traders and even with the investors to take profit when you are on that point of your trades and investments. Don't feel regret of taking them because the main reason you trade is to make money, if you forget that or tries to become greedy, remember that reason.
Sometimes it is very difficult to make a decision on what to do when the price collapses; they think the price will be temporary and will rise again, but sometimes the price also falls freely downwards, making traders lose money. For me, when I make a profit of more than 30%, I will sell some and leave some to make a profit when the price rises again.
-
Well, all gamblers know that greed is not good; the only problem is that they don't pay much attention to it because being greedy is important to them. Some say that they are not like that, but they reflect on the act when they gamble.
But what others do that makes them lose $1,000, I can't do that in gambling because it's too much for me. But in fairness to you, you realized in the end that it's hard to be greedy, and that's why I admire you and you admit that to yourself. I hope all gamblers admit it and help themselves when greed enters our gambling character.
-
Right now have meme coins hype, I don't know why many trader or investor huge expectation with shit or meme coin after earning much profitable keep hold it without have decision take profit. Yesterday have new meme coin receiving from airdrop who active trade in Jupiter or solana network, coins price have been up drastically more than 100% but still have holder with huge expectation will raise to higher price again and today that coins drop drastically.
Take profit as soon possible when having moment and don't be greedy when trading in cryptocurrency, many people loss their great chance after long term holding and difficult for recovering to higher price in near future time.
-
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Demo trades are designed to train you on how to handle your finances and real trades and anything that happens in demo can as well happen in real trades. We should adopt all necessary skills that are meant for real trades in demo trades so we get used to them when we begin to trade with real money. Controlling one’s emotions is the most important skill to master and if we can master it and know when to stop and also when to enter a new trade and keep greed out of our trades in a demo trade then there is every possibility of success in real trades.
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Greed is a serious issue that every trader needs to address first before they start trading if not they are at the risk of losing their money. Greed will make one to lose already earned profits because we are still eager to make more profit rather than taking profits. I will still say this again, if you can control your emotions and leave greed out of your trade then your success is only a matter of time.
-
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
What do you mean exactly by blowing accounts? does digifinex block accounts when you trade too much using demo accounts? or by blowing you mean you lost your money. ?
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
I totally agree with you on this. we don't just master to control our emotions by using demo accounts. but we also learn about trading too. charts, price analysis and everything
PS: i didnt' use Digifinex but I did youse PrimexBT which also give demo funds for trading. you should tray that too man..
-
Well, all gamblers know that greed is not good; the only problem is that they don't pay much attention to it because being greedy is important to them. Some say that they are not like that, but they reflect on the act when they gamble.
But what others do that makes them lose $1,000, I can't do that in gambling because it's too much for me. But in fairness to you, you realized in the end that it's hard to be greedy, and that's why I admire you and you admit that to yourself. I hope all gamblers admit it and help themselves when greed enters our gambling character.
They are aware that greed will destroy them, but they cannot control themselves so when they are aware of greed but cannot control it, greed will still control them. Only when everything has happened do they realize that they have been controlled by greed.
I wouldn't say I have complete self-control, but I always remember that every time I do something I can't fall into the same hole or regret the same thing.
That's an effective way for me, when I can't be like other people, then I have to find another way but the goal is the same.
-
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
I'm not sure if a real trader that knows what he or she is doing will lose money because of a greed. I mean if after learning about the technical, the fundamental and the management risk and greed befall on you during trading, then you didn't learn anything in my opinion. Only a person that buy and hold a coin will be affected by this because they are the ones that are mostly not determinant of where to sell only for them to lose everything.
A trader makes a calculative move before they open a trade and when they do, they also have a price where the want to take profits, even if they don't take all of it, they do take some part of it and move their stop-loss above where it was set up from beginning, that's what a real trader does. Stop-loss is very vital, it save you from such kind of losses especially in a volatile market.
-
~ if we are in the right way to take profits around $100-$500, it is better to decide taking profits. There is no guarantee that we can get higher profits.
You're right
If we already get $ 100-500, I think we should decide take profit.
Don't be greedy.
Trading is how about to manage our emotion.
I agree with you no guarantee that we will get higher profits.
And we know market is always movement, go up and down every time.
Keep focus.
I like what you said. Always look at what the trading is and always think about the profit. For example, if I am placing a trade, I should decide in advance which time should I will exit. I will finish on the spot that would be my strategy should always be that where I will buy this trade and where I will sell and how much profit I will get after selling and how useful it will be for me in future.
If I think for example that I will stay with this trade when it gives me profit of 100 dollars which will enough until today or tomorrow, for two days, then I will end my trade, in this condition of trade I will safe from greed which is very bad thing for trading.
-
Greed is a serious issue that every trader needs to address first before they start trading if not they are at the risk of losing their money. Greed will make one to lose already earned profits because we are still eager to make more profit rather than taking profits. I will still say this again, if you can control your emotions and leave greed out of your trade then your success is only a matter of time.
Yea, greed can actually cause a trader their already earned profit. It is seriously affects traders a lot. If I have not had the experience, I will not know how it feels. Imagine that you bought a coin @ $1 and you were praying that the coin should just get to $5 but hopefully the coin got to $6 and instead of you to sell, you decided to hold and hope again it could reach $10. Lol, while waiting for $10, you just see the coin drops to $4 and before you could say, "jack", it has drop again to $2. That's when you will not begine to blame your self why you never sold when the price for to $6.
What do you mean exactly by blowing accounts? does digifinex block accounts when you trade too much using demo accounts? or by blowing you mean you lost your money. ?
I totally agree with you on this. we don't just master to control our emotions by using demo accounts. but we also learn about trading too. charts, price analysis and everything
PS: i didnt' use Digifinex but I did youse PrimexBT which also give demo funds for trading. you should tray that too man..
Yes you are right, what I mean by blowing my account is that, I totally lost all the start up capital.
The exchange I am using gives me more "easy to use features, " and am comfortable. I started using binance exchange when I got into crypto but when I started trading on features, i did not really understand it well on binance. I have also tried futur trading on another exchange but my asset got liquidated in way I could not explain. Even when I contacted the support of that exchange, they did not provide a good explanation. So, I am very conversant woth the exchange am using for futures trading.
I'm not sure if a real trader that knows what he or she is doing will lose money because of a greed.
Who is a real trader? Or are there fake traders? Well, if you actually mean to say that professional traders or experience traders doesn't have greed while trading, what you must know is that, those people you are referring as professional traders, were once newbies to trading and you can not really tell about the series of loses they went through before they finally learned and build some strategy that made them win the market. Not body was born perfect in trading.
-
I like what you said. Always look at what the trading is and always think about the profit. For example, if I am placing a trade, I should decide in advance which time should I will exit. I will finish on the spot that would be my strategy should always be that where I will buy this trade and where I will sell and how much profit I will get after selling and how useful it will be for me in future.
If I think for example that I will stay with this trade when it gives me profit of 100 dollars which will enough until today or tomorrow, for two days, then I will end my trade, in this condition of trade I will safe from greed which is very bad thing for trading.
I agree with you. It is important to have a clear strategy before you start trading. Your strategy should include your goals, the risks you are willing to take, and your entry and exit points.
In this case, you set a goal to earn $100 in profit every day. This is a realistic goal and can be done when you already have a lot of capital because profits depend on the amount of money used for trading. You should also pay attention to the time limits for your trades, because this will help you avoid being greedy and making bad decisions.
-
Right now have meme coins hype, I don't know why many trader or investor huge expectation with shit or meme coin after earning much profitable keep hold it without have decision take profit. Yesterday have new meme coin receiving from airdrop who active trade in Jupiter or solana network, coins price have been up drastically more than 100% but still have holder with huge expectation will raise to higher price again and today that coins drop drastically.
Take profit as soon possible when having moment and don't be greedy when trading in cryptocurrency, many people loss their great chance after long term holding and difficult for recovering to higher price in near future time.
The existence of investors entering memecoin only triggers new traders who don't fully understand cryptocurrency to enter and trap them at high prices because I'm sure investors have bought memecoin when the price was still cheap, and currently many of them are trying to invite traders to enter memecoin by creating hype, and when it is felt that it is enough to make a profit, the investor will sell and leave to withdraw the profit that has been obtained from memecoin.
-
Greediness is what makes some people to loose beyond they would have afford not to, immediately they realized the other times they have missed out little amount as income only because they were not being patient enough to hold longer than to sell, this will then triggers them of thinking about that same experience of being the same as with others while trading, but by then, they would have make losses than what they thought could have earned them more profit all because they were being greedy.
-
Well, all gamblers know that greed is not good; the only problem is that they don't pay much attention to it because being greedy is important to them. Some say that they are not like that, but they reflect on the act when they gamble.
But what others do that makes them lose $1,000, I can't do that in gambling because it's too much for me. But in fairness to you, you realized in the end that it's hard to be greedy, and that's why I admire you and you admit that to yourself. I hope all gamblers admit it and help themselves when greed enters our gambling character.
They are aware that greed will destroy them, but they cannot control themselves so when they are aware of greed but cannot control it, greed will still control them. Only when everything has happened do they realize that they have been controlled by greed.
I wouldn't say I have complete self-control, but I always remember that every time I do something I can't fall into the same hole or regret the same thing.
That's an effective way for me, when I can't be like other people, then I have to find another way but the goal is the same.
- That's where the difference in controlling greed comes into play. We know that if it is not controlled, many people will be negatively affected, first of all, ourselves, our family, and other acquaintances who are close to us.
That's why there are other gamblers who gamble responsibly, but there is no greed applied to what they do because it doesn't affect any life they have; instead, they still fulfill their responsibility correctly for their family and others.
-
Greediness is what makes some people to loose beyond they would have afford not to, immediately they realized the other times they have missed out little amount as income only because they were not being patient enough to hold longer than to sell, this will then triggers them of thinking about that same experience of being the same as with others while trading, but by then, they would have make losses than what they thought could have earned them more profit all because they were being greedy.
Greediness is real normally but it could be mistaken for emotions sometimes, Loss could be a significant view to profit sometime but it depends on the timing. If someone is govern by emotions he might opt out of an unripe trade with loss even if he had made profit from that trade before running into loss, that particular trade could later come back with a huge pump surpassing the previous profit , its just the timing .
-
Right now have meme coins hype, I don't know why many trader or investor huge expectation with shit or meme coin after earning much profitable keep hold it without have decision take profit. Yesterday have new meme coin receiving from airdrop who active trade in Jupiter or solana network, coins price have been up drastically more than 100% but still have holder with huge expectation will raise to higher price again and today that coins drop drastically.
Take profit as soon possible when having moment and don't be greedy when trading in cryptocurrency, many people loss their great chance after long term holding and difficult for recovering to higher price in near future time.
Crypto is full of noobs, and the story keeps repeating itself.
They are greedy when the price goes up and assume it will continue to rise
When the price goes down, they panic and sell at a loss. Classic
The crypto world has made many people have a better life, but not a few are broke
And those who are greedy are always easy targets for scammers :(
-
Greediness is real normally but it could be mistaken for emotions sometimes, Loss could be a significant view to profit sometime but it depends on the timing. If someone is govern by emotions he might opt out of an unripe trade with loss even if he had made profit from that trade before running into loss, that particular trade could later come back with a huge pump surpassing the previous profit , its just the timing .
It seems that it has become basic human nature and sometimes when they have made a lot of profit, they forget that they have to withdraw the profit immediately because cryptocurrency price movements are not easy to predict, so when the price is expensive and they have made a profit, they should sell it immediately before regretting not selling it. high prices like when Bitcoin prices were between 2018 - 2019.
-
Well, all gamblers know that greed is not good; the only problem is that they don't pay much attention to it because being greedy is important to them. Some say that they are not like that, but they reflect on the act when they gamble.
But what others do that makes them lose $1,000, I can't do that in gambling because it's too much for me. But in fairness to you, you realized in the end that it's hard to be greedy, and that's why I admire you and you admit that to yourself. I hope all gamblers admit it and help themselves when greed enters our gambling character.
They are aware that greed will destroy them, but they cannot control themselves so when they are aware of greed but cannot control it, greed will still control them. Only when everything has happened do they realize that they have been controlled by greed.
I wouldn't say I have complete self-control, but I always remember that every time I do something I can't fall into the same hole or regret the same thing.
That's an effective way for me, when I can't be like other people, then I have to find another way but the goal is the same.
- That is a big pain problem for other traders when they do trading here in the crypto space. What should not be done is even more tempting to do, perhaps because this is what they want to be greedy for.
That's why it's hard to trade when you know that you have greed in your personality, and it's even harder to be an opponent of ourselves. So the ending is always that, in the end, there is no profit going home because of behavior like this.
-
greedy without good experience will make us lose. Because greedy is make the people want to gain big profit but lack knowledge of accurate prediction. If we want hold for several time and hope it will more increase, but actually go down, You will lose.
If we predict accurately, price goes up. We will gain profit. But it's rarely happens.
I think greedy is bad emotions.
-
greedy without good experience will make us lose. Because greedy is make the people want to gain big profit but lack knowledge of accurate prediction. If we want hold for several time and hope it will more increase, but actually go down, You will lose.
If we predict accurately, price goes up. We will gain profit. But it's rarely happens.
I think greedy is bad emotions.
I agree with what you say; therefore, it is better when trading to always take sufficient profits first. After that, you can allow 40% of the capital you use to remain in the coin so that when the price rises, it will still provide You make a profit without being afraid of something bad happening, but it seems that currently many coins' prices are rising due to the influence of the halving that will occur in the next few days.
-
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
The thing with Demo account is that, no matter how much you try to treat it as your main asset, you can't. It simply does not hold the emotions that you will have with actual assets. That's the reason it is important to use actual money to learn trading. The small amount that you can afford to lose. That should be enough to push your emotions to stay in check. You won't be having the thoughts of making $1000 to $1500 in a day with actual money. Slow, small but in the end, the profits are the only thing that matters.
Don't get me wrong because profit and loss are part of the trading process but our goal is making profits without making a huge loss. So keeping that as a priority, we should take it slow until we master it. For that reason using the main account is the best way to do so.
-
It seems that it has become basic human nature and sometimes when they have made a lot of profit, they forget that they have to withdraw the profit immediately because cryptocurrency price movements are not easy to predict, so when the price is expensive and they have made a profit, they should sell it immediately before regretting not selling it. high prices like when Bitcoin prices were between 2018 - 2019.
It can still be uncertain as it still might hit a new target in 2021 a new ath was reached but before the ATH there were many points which acted as resistance to the market , it's hard to predict though but it takes a seconds to make a wrong decision and that's y Bitcoin is still a long term investment opportunity till today you can actually predicts is price movement but you can target a point of withdrawal
-
The thing with Demo account is that, no matter how much you try to treat it as your main asset, you can't. It simply does not hold the emotions that you will have with actual assets. That's the reason it is important to use actual money to learn trading. The small amount that you can afford to lose. That should be enough to push your emotions to stay in check. You won't be having the thoughts of making $1000 to $1500 in a day with actual money. Slow, small but in the end, the profits are the only thing that matters.
Agreed. I never want to start with a demo account.
If we want to make money trading, we should start with real money.
Real emotions when experiencing losses or profits are crucial for a trader to know his ability to control emotions amidst market movements that tend to fluctuate.
Because emotional factors have an impact on a trader's success.
-
The thing with Demo account is that, no matter how much you try to treat it as your main asset, you can't. It simply does not hold the emotions that you will have with actual assets. That's the reason it is important to use actual money to learn trading. The small amount that you can afford to lose. That should be enough to push your emotions to stay in check. You won't be having the thoughts of making $1000 to $1500 in a day with actual money. Slow, small but in the end, the profits are the only thing that matters.
Agreed. I never want to start with a demo account.
If we want to make money trading, we should start with real money.
Real emotions when experiencing losses or profits are crucial for a trader to know his ability to control emotions amidst market movements that tend to fluctuate.
Because emotional factors have an impact on a trader's success.
Actually, with a demo account, you can try many things from trying strategies that you can use when trading and of course this demo account provides many advantages, one of which is that trading can be better and correct and not make wrong decisions, emotions do exist but you have to Be able to control your emotions and don't be easily influenced by the situation at the exchange.
-
The thing with Demo account is that, no matter how much you try to treat it as your main asset, you can't. It simply does not hold the emotions that you will have with actual assets. That's the reason it is important to use actual money to learn trading. The small amount that you can afford to lose. That should be enough to push your emotions to stay in check. You won't be having the thoughts of making $1000 to $1500 in a day with actual money. Slow, small but in the end, the profits are the only thing that matters.
Agreed. I never want to start with a demo account.
If we want to make money trading, we should start with real money.
Real emotions when experiencing losses or profits are crucial for a trader to know his ability to control emotions amidst market movements that tend to fluctuate.
Because emotional factors have an impact on a trader's success.
Even I don't use a demo account in trading, so it's good if we do a trading activity that we have an idea of here; we can't just be willing to take a risk here.
We must know here so that we know what a trader will do on every exchange platform that we enter to make a profit. And it's also not right to consider trading as gambling to get lucky, whereas trading is not like that. When you really have deep knowledge of trading, you will get a profit for sure.
-
The most important thing is how traders can make maximum use of TP in their trading. When traders have analyzed and have determined the point where they can take profit, then traders no longer need to wait, just take the profit. Because it is much better than waiting until the profit decreases and traders lose profits just because they think that they can wait a little longer to take profit, but the market can change in a matter of seconds so that will make traders lose the moment to take maximum profit .
-
The most important thing is how traders can make maximum use of TP in their trading. When traders have analyzed and have determined the point where they can take profit, then traders no longer need to wait, just take the profit. Because it is much better than waiting until the profit decreases and traders lose profits just because they think that they can wait a little longer to take profit, but the market can change in a matter of seconds so that will make traders lose the moment to take maximum profit .
Yeah as trader we should have target, set our sell target . when reachable sell your coins. Don't be greedy. It's bad emotional and will make us lost alot . Many traders had lost because this problem. We should have good experience to manage emotions.
-
~CUT~
Actually, with a demo account, you can try many things from trying strategies that you can use when trading and of course this demo account provides many advantages, one of which is that trading can be better and correct and not make wrong decisions, emotions do exist but you have to Be able to control your emotions and don't be easily influenced by the situation at the exchange.
I was just about to say this. A demo account has its own perks but when it comes to learning, a demo account should not be your first choice. But if you are doing well after learning how to trade, you can use a demo account to your advantage. Just as you have mentioned, trying out a new strategy. If you are unsure about a strategy whether will work or not, you can choose to try it out in a demo account to find out all the errors. Then by solving those mistakes, you can create a good strategy.
This is very important because it is risk-free and also the ecosystem is evolving every day. For that reason, sticking to a single strategy will not take you far. Creating a new strategy or mixing up the existing strategy to make a new one will help you to keep up with the evolving market.
-
Yeah as trader we should have target, set our sell target . when reachable sell your coins. Don't be greedy. It's bad emotional and will make us lost alot . Many traders had lost because this problem. We should have good experience to manage emotions.
Greed sometimes destroys everything, sometimes when you wait even longer to go up, but when there is bad news, the price collapses instantly and leaves you stuck at a high price. But it doesn't feel like this will happen when you hold assets in the form of Bitcoin; Bitcoin price movements will always go up, which does not become a problem when you hold Bitcoin longer to gain more profits.
-
Believe or not, greedy loss your opportunity, many trader had large expectation with their cryptocurrency assets potential raise more higher price and earn much profitable. Forget take profit when has moment and seems not enough with how much increasing of the cryptocurrency assets holding, need to make limitation profitable target when price raise above 10% or more is enough to sell it and buy back later.
I believe some coins still with hype moment when success raise to higher price not has second chance make new highest price, take profit, leave and looking for the other coins to trade.
-
Believe or not, greedy loss your opportunity, many trader had large expectation with their cryptocurrency assets potential raise more higher price and earn much profitable. Forget take profit when has moment and seems not enough with how much increasing of the cryptocurrency assets holding, need to make limitation profitable target when price raise above 10% or more is enough to sell it and buy back later.
I believe some coins still with hype moment when success raise to higher price not has second chance make new highest price, take profit, leave and looking for the other coins to trade.
Yeah I have lost several time because greedy. I agree with you, we should set the sell target if already earned profit, take it and leave it. We can start again later. Many traders have lost because this emotion. Trader needs good emotional control, and time will teach us. Experience is so expensive, sometimes we lost to know our mistakes
-
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
The thing with Demo account is that, no matter how much you try to treat it as your main asset, you can't. It simply does not hold the emotions that you will have with actual assets. That's the reason it is important to use actual money to learn trading. The small amount that you can afford to lose. That should be enough to push your emotions to stay in check. You won't be having the thoughts of making $1000 to $1500 in a day with actual money. Slow, small but in the end, the profits are the only thing that matters.
Don't get me wrong because profit and loss are part of the trading process but our goal is making profits without making a huge loss. So keeping that as a priority, we should take it slow until we master it. For that reason using the main account is the best way to do so.
One of the main issues that you would really be able to experience when you do make demo is that there's no way that you could really be able to assume that those amounts or capital is real.
Your mind cant just do such thing and even if you do pretend then there's no way that you could really be able to make it the same. Your mind would be telling you that it is really just that a fake amount or money that could be used.Therefore, you would really be having that kind of confidence and wont really be that doing well with your trades since you do know that you cant lose something and this is why you wont really be doing your very best when it comes to the trades that you are doing just because you do know that there's no risks involved.
As for taking profits then it should really be just that standard or in default but since human beings are greedy then these mistakes were common.
-
One of the main issues that you would really be able to experience when you do make demo is that there's no way that you could really be able to assume that those amounts or capital is real.
Your mind cant just do such thing and even if you do pretend then there's no way that you could really be able to make it the same. Your mind would be telling you that it is really just that a fake amount or money that could be used.Therefore, you would really be having that kind of confidence and wont really be that doing well with your trades since you do know that you cant lose something and this is why you wont really be doing your very best when it comes to the trades that you are doing just because you do know that there's no risks involved.
As for taking profits then it should really be just that standard or in default but since human beings are greedy then these mistakes were common.
Exactly, but it is not necessary that Demo accounts are for no use. There are many different useful usage for demo accounts. For example, you can try your new strategies on a demo account. It could be something you came up with on your own or some new strategy that you have come across and you want to know how affective it is.
Except for this, I don't see much useful use of a Demo account. As I mentioned, there are other useful ways you can use it but this is the most effective one. But learning to trade using a demo account is never a good choice.
If you want to learn it, use real money to feel the real emotions and act on them accordingly. When it has no risks involved, it will not being out the true feelings at all.
-
Actually, with a demo account, you can try many things from trying strategies that you can use when trading and of course this demo account provides many advantages, one of which is that trading can be better and correct and not make wrong decisions, emotions do exist but you have to Be able to control your emotions and don't be easily influenced by the situation at the exchange.
Yes, what is actually practice on the Demo amount, is exactly what the trader will practice in the real trade. While still on demo, if a trader can not learn to control their emotions, how to set stop loss and take profit and how to make a wise financial management decision while alocating money for their entry position, they will always face those issues in real trade too. If you perform well in demo, you have a high chance to perform well in real trade too because you are just dealing with same market volatility and asset liquidation.
-
I have learned in trading that one must establish his stop loss and his take profit, which means that this is something controlled, in the case that we want to risk a little more, then we are going to set a good stop loss by moving it 'some the market moves, and that could translate into cutting the losses, if we see that the stop loss has already been touched, but prolonging the profits, or rpoffit so that we can generate more money, and that is the most common way that I could find to This is true in the excahnges that do not allow the two links to be placed at the same time, that is why I say it.
Well, when we set goals, and we achieve them, well, we have done well, it is something that we should be proud of, but the fact of wanting more and getting a large amount to commit more and leverage ourselves strongly is something that I will never recommend, However, I call that greed and it is something that would not make anyone in the world.
-
- It's really hard when greediness takes control of ourselves; it's hard to avoid it immediately when it enters our minds. So we must have discipline and control over ourselves. So that we can limit our gambling when it comes to the amount of money we will use in the casino.
Also, as gamblers, we should have a goal target of how much money we should win, and once that is enough, as long as it is not too big, we should stop immediately and come back again another day.
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
- Once greed enters our minds, we are sure that self-control and self-discipline will not be able to do that in the actual trade in any exchange, whether we use CEX or DEX. Greed controls an individual here in crypto trading.
But if we don't let it enter our thoughts, he is just outside or around us. And when we do this, we will dominate the correct control of ourselves and the discipline that we should apply in conducting trading activity here in the crypto space.
-
When I first learned to trade, I never used a demo account (or maybe I forgot). But I think it's a good idea to use a demo account to learn trading. Because we can first get used to market volatility. And while slowly building a mentality in making decisions in trading. because in genuine trading mentality is needed in making decisions at the beginning and at the end. For example, when I was still starting out in trading, I was sometimes too afraid to place my entry position on an altcoin that was currently in hype. Or sometimes I have placed a position and the trade is already running and at that time I already have multiple profits, so that's when my mentality is tested again. I still remember that at that time an event for an altcoin project would actually take place in the next two days. But prices have increased a lot. And at that time I was in a position to have multiple profits. And that's when my mentality was tested whether I would follow my plan which was to leave on the same day the event started or if I had to leave right then and there when I had already made multiple profits. At that time I finally decided to take profit and close the market. Because mentally I couldn't stand to continue waiting for the next two days. And after one day passed it turned out that the price was very high and I was tempted to enter again using only the profits from yesterday's trade. And yes, at that time I was in a greedy position and actually I had managed to get a profit back of around 20% but I was greedy and didn't want to take advantage. And at that time I closed the market without making Stoploss+. And at night I opened the market and it turned out that my trading position had become minus 20 or 30%. Since then I began to understand that greed will only lead to loss. Meanwhile, controlling emotions can give us maximum benefits. But from that experience I learned a lot and rarely make mistakes again. But sometimes I still have losses and that is normal. Because sometimes greed can come when we forget the experiences we have had before.
-
But if we don't let it enter our thoughts, he is just outside or around us. And when we do this, we will dominate the correct control of ourselves and the discipline that we should apply in conducting trading activity here in the crypto space.
Some people will just have to learn in the hard way before they will realize that trading is not for them. Do you know that it is possible that you are not greedy but when loss will come it will not be easy at all. Assuming you have $500 for trading and you are making $5 daily. It could come to 5th day or a day that losses will come. The whole $50 gained may all be lost. This will start from your trade not able to make up to $5 before the losses started. Trading is complicated than what OP said. Sometimes it is just better to hold than to trade.
-
But if we don't let it enter our thoughts, he is just outside or around us. And when we do this, we will dominate the correct control of ourselves and the discipline that we should apply in conducting trading activity here in the crypto space.
Some people will just have to learn in the hard way before they will realize that trading is not for them. Do you know that it is possible that you are not greedy but when loss will come it will not be easy at all. Assuming you have $500 for trading and you are making $5 daily. It could come to 5th day or a day that losses will come. The whole $50 gained may all be lost. This will start from your trade not able to make up to $5 before the losses started. Trading is complicated than what OP said. Sometimes it is just better to hold than to trade.
That is why we must be able to apply risk management in every trade we make, lest we lose a large amount of money beyond our limits.
Likewise, we must target how much profit we should get in each trade. Stop loss is something that must be applied when we start the entry, and I also always apply this. So that later we do not lose all the money in our wallet.
Indeed, it can also make us lose, because the price may reverse after the stop loss we put is touched. But this is for the sake of minimizing losses.
-
Likewise, we must target how much profit we should get in each trade. Stop loss is something that must be applied when we start the entry, and I also always apply this. So that later we do not lose all the money in our wallet.
What if you use stop loss and your trade continue to hit the stop loss before the price go to the direction that you intended it to go? I have seen this countless numbers of times. This is what can make a trader to later think of going for cross margin and also have some collateral that can be used if the market is not favoring him and going to the point of liquidation.
When you are having experience in trading, your orientation will also change and that does not guarantee more profit or losses. What I just think more about reading is that you should not use more than the money that you can not afford to lose to trade. Trading is very risky than what most people are talking like they are truly making money from it but not so in real life.
-
Likewise, we must target how much profit we should get in each trade. Stop loss is something that must be applied when we start the entry, and I also always apply this. So that later we do not lose all the money in our wallet.
What if you use stop loss and your trade continue to hit the stop loss before the price go to the direction that you intended it to go? I have seen this countless numbers of times. This is what can make a trader to later think of going for cross margin and also have some collateral that can be used if the market is not favoring him and going to the point of liquidation.
When you are having experience in trading, your orientation will also change and that does not guarantee more profit or losses. What I just think more about reading is that you should not use more than the money that you can not afford to lose to trade. Trading is very risky than what most people are talking like they are truly making money from it but not so in real life.
People try to make trading look very easy, which it is not. Those that say that they are making profit from trading are only few, while majority of traders run at loss. Those influencers and people giving trading signal might have not made a good profit from trading. It is when you enter the market, that you will know that the theory of trading is not the same with the market, because the market is always unpredictable, and a little mistake can ruin everything, and you will run at great loss.
-
Greed is the main enemy for a trader, greed can make someone who gets a profit turn into a loss. Never think we will get more than the target we have set at the beginning, because if we think like that then maybe greed has mastered us.
There are many cases of this greed which makes someone lose more than what they imagined. And actually this is not only in trading, but in everyday life we must also avoid greed.
-
Greed is the main enemy for a trader, greed can make someone who gets a profit turn into a loss. Never think we will get more than the target we have set at the beginning, because if we think like that then maybe greed has mastered us.
There are many cases of this greed which makes someone lose more than what they imagined. And actually this is not only in trading, but in everyday life we must also avoid greed.
investors are too optimistic and risky in investing in assets and this supports the upward trend of virtual coins. Although others call it greed. although the benefits from this are real. The main thing is never to neglect analysis methods, such as technical and fundamental analysis, as well as other indicators.
-
Greed is the main enemy for a trader, greed can make someone who gets a profit turn into a loss. Never think we will get more than the target we have set at the beginning, because if we think like that then maybe greed has mastered us.
There are many cases of this greed which makes someone lose more than what they imagined. And actually this is not only in trading, but in everyday life we must also avoid greed.
investors are too optimistic and risky in investing in assets and this supports the upward trend of virtual coins. Although others call it greed. although the benefits from this are real. The main thing is never to neglect analysis methods, such as technical and fundamental analysis, as well as other indicators.
There are really moments on which greed is something that you could really be able to take advantage with on which not all would really be that totally be talking about its negative effect but well when it comes into overall kind of approach on things then this kind of behavior would really be most likely put you up into big trouble and this is why it isnt really shocking that
you would really be needing up to adjust that kind of behavior and not really that make yourself too much getting involved and secure profits as much as you could.
-
~Snip~
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Here though you have suffered by demo trading but I think you have gained proper understanding of trading by demo trading. You've learned that being overly greedy on a trading platform means putting yourself at risk. So every trader should not be too greedy in trading platform, those who are too greedy in trading platform are the ones who have suffered the most in life. Therefore, the trading platform must first learn to control the greed. Those who can control the greed of the trading platform can gain success from the trading platform.
-
I would say it depends on the amount we are talking about to be fair. If you are trading with 1000, and make it 1500, then maybe you could stop but I could understand not stopping neither, 500 dollars is not an amount that would mean anything to anyone, sure its good to have, I would be insanely happy if I had that much now, but that doesn't mean that you are going to end up with that much profit in the end, its not that clear. So when you get to do that, I would guess that it could maybe make sense for you to have some sort of different income possibilities. On the other hand, if you turn 1 million into 1.5 million, you should obviously stop lol.
- Apart from what you said, there should also be a percentage of how much profit he wants to get, or a trader should have the right amount of profit target so that once he achieves this, he can pull out his profit in these situations.
It's hard to not have such a plan because this is where greediness comes in. After all, we don't know how much profit we want. Although what you say is also correct, mate, honestly speaking,
-
-snip-
It's hard to not have such a plan because this is where greediness comes in. After all, we don't know how much profit we want. Although what you say is also correct, mate, honestly speaking,
You should know about how much profit you want because you are the one making and the one who has the strategy.
From the beginning of the investment, you have calculated how much profit will be obtained when touching the target price to be achieved.
Greed enters because you see profits beyond what we planned, here you will think to continue without taking these profits and hoping for greater profits.
-
-snip-
It's hard to not have such a plan because this is where greediness comes in. After all, we don't know how much profit we want. Although what you say is also correct, mate, honestly speaking,
You should know about how much profit you want because you are the one making and the one who has the strategy.
From the beginning of the investment, you have calculated how much profit will be obtained when touching the target price to be achieved.
Greed enters because you see profits beyond what we planned, here you will think to continue without taking these profits and hoping for greater profits.
Greedy people honestly want to get 100% profit or more than that compared to those who have knowledge in trading for them 10% to 25% of profit is enough that is only what I usually see in the community they have their own trading rules set.
I think it's ok to be greedy but you just make sure that you set some rules you need to learn to set rules like 2% to 6% trading rules you shouldn't lose more than the rules you set and anytime you can manually sell once you already gain a target or more than target profit. However, if it fails you shouldn't lose more than 2% to 6%.
So that even if you are greedy and fail to make a good profit you still prevent yourself from losing too much but you lose the opportunity to make a profit.
-
Greedy people honestly want to get 100% profit or more than that compared to those who have knowledge in trading for them 10% to 25% of profit is enough that is only what I usually see in the community they have their own trading rules set.
Those who have trading knowledge and are professionals certainly already have a well-designed trading plan.
They know when they need to stop and take profits without a follow-up plan, but it's done repeatedly.
I think it's ok to be greedy but you just make sure that you set some rules you need to learn to set rules like 2% to 6% trading rules you shouldn't lose more than the rules you set and anytime you can manually sell once you already gain a target or more than target profit. However, if it fails you shouldn't lose more than 2% to 6%.
So that even if you are greedy and fail to make a good profit you still prevent yourself from losing too much but you lose the opportunity to make a profit.
Being greedy for those who already understand how trading works will certainly provide advantages.
They will reach a price with profits exceeding 100%, it can even be 200% or more, but as the rules you said,
they cannot lose 2% to 6% of profits, or in other words can set Stop Loss and Take Profit features on trades.
But if they keep losing more than expected, they keep delaying selling and in the end there will be a lot of losses,
here trading psychology will continue to play and this becomes a continuing loss.
-
Those who have trading knowledge and are professionals certainly already have a well-designed trading plan.
They know when they need to stop and take profits without a follow-up plan, but it's done repeatedly.
Indeed. Professional traders must have plans for their trading activities. They have the target for taking profits, they know how to choose the best strategy, and they know when the right time to buy coins. They also must have alternative ways when they are likely hard to get enough profits.
But if they keep losing more than expected, they keep delaying selling and in the end there will be a lot of losses,
here trading psychology will continue to play and this becomes a continuing loss.
Delaying for selling will purely depend on the coins. If it is for the top coins with strong fundamentals, it is no problem to keep delaying. But if it is shitcoins, then it is a very wrong way to delay selling the coins when the prices are good.
-
This something that I can't get tired of hearing because is just the fact those that always trade with greed most time endup losing big. I which I know of this sooner I would find area to manage my emotions because the greed of wanting more and not being satisfied as cause alot of losses. Always wanting bigger percentage profit and endup losing. Or having that urge to get what I have lost back instantly with trading the same coin all this are bad ones you see that those emotions are getting the best of you close market for a while take some break to get your self back in the right track and trade to earn and not cover losses
-
Greed will destroy us and cause loss. Emotion management is the main key when it comes to investing and trading. More importantly in the world of trading, especially daily trading, it really requires experience to manage bad emotions such as greed. Take profits, if you have met the target. Don't be greedy because the price will fall at any time. Crypto is volatile, many people advices.
-
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
This is one thing about trading: you need to set a limit on how much you trade in a day, and this limit should be based on how many trades you set and how much you are going to use for that trade. Even if the trade goes against you or in your favour, the moment you reach that limit, you should call it a day.
The moment your greed is accompanied by emotion, you are likely to lose it all in your trade. It will all start with chasing big profits, which will require you to take higher risks, and this high risk will lead to high losses.
The more you lose, the more you will leave to chase profit and conduct normal trades to the level where you start chasing losses. When you get to the stage of chasing losses without control, you are going to lose everything before you will be able to rest for that day.
-
Greed will destroy us and cause loss. Emotion management is the main key when it comes to investing and trading. More importantly in the world of trading, especially daily trading, it really requires experience to manage bad emotions such as greed. Take profits, if you have met the target. Don't be greedy because the price will fall at any time. Crypto is volatile, many people advices.
Control emotion
Realistic mindset
Contement
Do knows on when to call it a day
Stick with your plans
Trading is never been easy and never been simple. You would really be needing to have the skills and having the patience in dealing up with this volatile space.
You would really be finding up a disaster if you are really that too greedy or really that longing for money on which we know that this isnt something that you could
really be able to constantly make profitable trades. Thing here is that you should really survive no matter what despite of those losses.
One thing that you should put up in mind is that you should be making up profitable trades even if you do suffer some losses. You do
need to make out those adjustments.
-
-snip-
Delaying for selling will purely depend on the coins. If it is for the top coins with strong fundamentals, it is no problem to keep delaying. But if it is shitcoins, then it is a very wrong way to delay selling the coins when the prices are good.
But in my opinion even if it is a top coin if it is time to Take Profit then it should be done.
But if you have a backup plan, taking half the profits and withholding the rest might be a good decision.
The delay in the sale will not see if it is the top coin or even shitcoin.
-
-snip-
Delaying for selling will purely depend on the coins. If it is for the top coins with strong fundamentals, it is no problem to keep delaying. But if it is shitcoins, then it is a very wrong way to delay selling the coins when the prices are good.
But in my opinion even if it is a top coin if it is time to Take Profit then it should be done.
But if you have a backup plan, taking half the profits and withholding the rest might be a good decision.
The delay in the sale will not see if it is the top coin or even shitcoin.
Delay in the sale, always has high risk. But if they are profesy and have prediction accurately, They can do.
But I'm not professional in trader, several time had lost when I delay to sell.
Maybe It's greedy, and greedy is bad emotion.
-
This something that I can't get tired of hearing because is just the fact those that always trade with greed most time endup losing big. I which I know of this sooner I would find area to manage my emotions because the greed of wanting more and not being satisfied as cause alot of losses. Always wanting bigger percentage profit and endup losing. Or having that urge to get what I have lost back instantly with trading the same coin all this are bad ones you see that those emotions are getting the best of you close market for a while take some break to get your self back in the right track and trade to earn and not cover losses
The best way to avoid losses in our condition which is starting to be dominated by greed in trading is to take a break and we can start other activities that can make us forget about the market for a moment. Because when we haven't forgotten about the market, even while taking a break, we often end up looking at the market. And yes, this also happened quite often to me when I first got involved in crypto trading. And sometimes I still feel like that now. So the discussion about emotional control in trading will always be widely discussed because everyone has experienced it.
-
Likewise, we must target how much profit we should get in each trade. Stop loss is something that must be applied when we start the entry, and I also always apply this. So that later we do not lose all the money in our wallet.
What if you use stop loss and your trade continue to hit the stop loss before the price go to the direction that you intended it to go? I have seen this countless numbers of times. This is what can make a trader to later think of going for cross margin and also have some collateral that can be used if the market is not favoring him and going to the point of liquidation.
When you are having experience in trading, your orientation will also change and that does not guarantee more profit or losses. What I just think more about reading is that you should not use more than the money that you can not afford to lose to trade. Trading is very risky than what most people are talking like they are truly making money from it but not so in real life.
Actually I have said this before, by installing a stop loss, it may make us unable to get a profit because the price may reverse when it touches the stop loss that we installed.
But of course before we put a stop loss we have analyzed how the price moves. In analyzing we must also see support and resistance which will then become our benchmark at what price we will place a stop loss or we will place a take profit.
Many things we will consider to make decisions later, and it is all tactical that happens when we analyze.
-
Greed is the main enemy for a trader, greed can make someone who gets a profit turn into a loss. Never think we will get more than the target we have set at the beginning, because if we think like that then maybe greed has mastered us.
There are many cases of this greed which makes someone lose more than what they imagined. And actually this is not only in trading, but in everyday life we must also avoid greed.
investors are too optimistic and risky in investing in assets and this supports the upward trend of virtual coins. Although others call it greed. although the benefits from this are real. The main thing is never to neglect analysis methods, such as technical and fundamental analysis, as well as other indicators.
Optimism and greed are different things, but there are similarities and sometimes many people find it difficult to differentiate them.
The form of greed is never being satisfied with something, while optimism is more directed towards positive things. Even though they want to get a lot of benefits, usually optimistic people will not forget the risks involved, or in other words they will be more careful.
We have to distinguish between what is optimism and what is greed.
-
Delay in the sale, always has high risk. But if they are profesy and have prediction accurately, They can do.
But I'm not professional in trader, several time had lost when I delay to sell.
Maybe It's greedy, and greedy is bad emotion.
Greed is everyone's problem, and they have different levels of greed, but it will definitely happen to anyone.
Procrastination to sell for no definite reason, without calculated predictions, will only be a waste of time.
A professional trader also has their rules, take profits and execute a backup strategy by holding longer so that they have the opportunity to sell at the highest price.
-
I agreed with you but we human we can't just let go except we see the end of the road, and start regretting that is when our ancestors will say it's okay my child,that is when we will stop.
-
this bull run i think will just be like the 2017. thought its good ti just get your profit when you hit your target price. it will be good for a trader to look aat the chart and see whether the overbought level hit the top in the 3 months chart.
its not somehow a greedy strategy but a very strategic to check the exit point. there will be a hiccup by the time we hit the previous ATH thats for sure. you can either sell and buy back or wait for the bounce.
-
Greed is everyone's problem, and they have different levels of greed, but it will definitely happen to anyone.
Procrastination to sell for no definite reason, without calculated predictions, will only be a waste of time.
Delay selling if you know the highest point, no problem and That is very great. in the world of MotoGP it is known as late braking..hhahaha. ;)
But if the prediction is wrong we will trap at high price. This is just a big problem. People will learn from these problems.
-
Delay in the sale, always has high risk. But if they are profesy and have prediction accurately, They can do.
But I'm not professional in trader, several time had lost when I delay to sell.
Maybe It's greedy, and greedy is bad emotion.
Absolutely true delay in sale is highly risky but in case of altcoins as all the time there is no increase occurs in altcoins but if you are holding bitcoin then I think delay will help you to increase your profit.
Those people who have not sell their bitcoin when price increase suddenly to 47k$ so they are now in profit because of 52k$ achievement of bitcoin. You can hold top altcoins with delay to sale and waiting for more increase and also it is not consider as greediness because we know Ethereum, Solana and some other coins will definitely increase in price.
Sometimes people loss the opportunity to sell their coins at higher price and they never can realize that they will not see such pump again but this thing often happen in case of new coins. Old coin will give you more profit as longer you Hold it but one can also buy and sell their coin regularly according to their profit.
-
Those who have trading knowledge and are professionals certainly already have a well-designed trading plan.
They know when they need to stop and take profits without a follow-up plan, but it's done repeatedly.
Indeed. Professional traders must have plans for their trading activities. They have the target for taking profits, they know how to choose the best strategy, and they know when the right time to buy coins. They also must have alternative ways when they are likely hard to get enough profits.
But if they keep losing more than expected, they keep delaying selling and in the end there will be a lot of losses,
here trading psychology will continue to play and this becomes a continuing loss.
Delaying for selling will purely depend on the coins. If it is for the top coins with strong fundamentals, it is no problem to keep delaying. But if it is shitcoins, then it is a very wrong way to delay selling the coins when the prices are good.
Having a target profit in trading is important, but a trader cannot have such a plan. In addition to this, it is also important that we do not lose control of our emotions because when this happens, it is for sure that instead of gaining profit, we will lose because of this matter.
because it helps a lot when we have proper control of our emotions we can't be without emotions when we do actual trades on a crypto exchange in this field.
-
There is something that we should take advantage of, because our wealth can be affected when we don't do it and that is precisely the greed, when we are Greedy we can't do much, look for every profit or something we have because if we don't know how to take advantage of it because we want more and more, and sometimes this can't affect the things we do, it's not just about winning and withdrawing money than Winning and keep investing everything in trading or in the casino, because that's something we're not confident with things, and that's what we have to do change it , we Cannot be inventing doing things like this, because we simply stop Making money.
And when we stop earning money, it is because we are doing very bad things, we must do so that our money flows and we can do everything better, find the best way of doing things so that the money tries to multiply.
-
Having a target profit in trading is important, but a trader cannot have such a plan. In addition to this, it is also important that we do not lose control of our emotions because when this happens, it is for sure that instead of gaining profit, we will lose because of this matter.
because it helps a lot when we have proper control of our emotions we can't be without emotions when we do actual trades on a crypto exchange in this field.
Emotional management is important for investors, both trading and holding. What often requires skills in managing emotions is trading, because it is done every day. Because we can lose big if we use emotions when trading.
-
Many of us will not want to go by this in taking the profit and leave after a successful trading experience, instead, we will want to do more and continue so that we can have more money to earn at the process, but things doesn't really work like that in reality, we have to deal with the greed in us in other not to accumulate on losses or eventually being to loose the earnings we have made already on the previous successful trades.
-
Emotional management is important for investors, both trading and holding. What often requires skills in managing emotions is trading, because it is done every day. Because we can lose big if we use emotions when trading.
Yes management of emotions is very important to be successful in trading and investment and those who decide according to their greed and other emotions instead of using their learned lesson then they will see huge loss in future.
Investment needs patience but I think in trading there is no opportunity to think with patience and everyone has to work according to market situations and have to decide as soon as possible whereas in investment if you see price goes down then the best option is to hold it more to avoid losses.
-
Many of us will not want to go by this in taking the profit and leave after a successful trading experience, instead, we will want to do more and continue so that we can have more money to earn at the process, but things doesn't really work like that in reality, we have to deal with the greed in us in other not to accumulate on losses or eventually being to loose the earnings we have made already on the previous successful trades.
Even though in Cryptocurrency everything is possible and profits can be obtained quickly, I don't think anyone will want to quit cryptocurrency when they see the success that is finally achieved with several experiences that require a lot of capital. The experience that has been gained has good potential to become a Professional traders will make you richer.
-
At this point, being greedy is what keeps the market going right now. People are not only stopped selling, but they are actually buying even more as well. I feel like that has to be something quite important, its really the best way to go. I realize that it takes some time, but we should probably consider the situation to be quite well off, and that should be the best way to keep it going. If we all just took profit and left, who would carry the price. I think the best way to move forward would be just not realizing what we do and that has to be just keep on buying more and more for bigger profit and be greedy.
-
At this point, being greedy is what keeps the market going right now. People are not only stopped selling, but they are actually buying even more as well. I feel like that has to be something quite important, its really the best way to go. I realize that it takes some time, but we should probably consider the situation to be quite well off, and that should be the best way to keep it going. If we all just took profit and left, who would carry the price. I think the best way to move forward would be just not realizing what we do and that has to be just keep on buying more and more for bigger profit and be greedy.
I think I agree with your opinion, greed is what keeps the crypto market running. The desire to buy and the desire to make a profit by selling. but we must not overdo it and must be based on accurate analysis.
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Remember this golden rules, greed is not good when trading. It's very tempting to HODL your crypto investment when price is soaring, when hoping to make more profit. Always remember steady win and slow volatility.
-
There are known lines and sayings that could be read up online about investing.
"You wont be rich if you wont TP"
"You wont be rich if you cant hold"
These sayings are totally contradictory to each other and this is why it would really be that so hard on what you should gonna follow.
This is why it would really be just that depending on how well you would really be able to make up decisions which it would really be basing
up on the things that you do need to know.
-
Remember this golden rules, greed is not good when trading. It's very tempting to HODL your crypto investment when price is soaring, when hoping to make more profit. Always remember steady win and slow volatility.
Greed will always bother people who think more rationally. because it's a bad emotion. advises us to always set a sell target when holding HOLD, because when the target is reached and we feel satisfied with the profits we have achieved, let it go. We can retry corrections when they are corrected.
-
Remember this golden rules, greed is not good when trading. It's very tempting to HODL your crypto investment when price is soaring, when hoping to make more profit. Always remember steady win and slow volatility.
Greed will always bother people who think more rationally. because it's a bad emotion. advises us to always set a sell target when holding HOLD, because when the target is reached and we feel satisfied with the profits we have achieved, let it go. We can retry corrections when they are corrected.
As humans, we will definitely have the trait of greed, because it is a trait that is ingrained in us. We must try to get rid of this trait by controlling ourselves as best as possible.
One way that we can control ourselves is by continuing to increase our knowledge and learn from experience. At first I also tended to follow greed, but I was slowly able to control it as my knowledge and experience increased. I'm sure it works fine.
-
As humans, we will definitely have the trait of greed, because it is a trait that is ingrained in us. We must try to get rid of this trait by controlling ourselves as best as possible.
One way that we can control ourselves is by continuing to increase our knowledge and learn from experience. At first I also tended to follow greed, but I was slowly able to control it as my knowledge and experience increased. I'm sure it works fine.
You are right that with experience we can control bad emotions such as greed. Greed will make us irrational in analyzing the market so that we can experience losses. suggests we should learn from the mistakes of being greedy in the past
-
This is very common with trading that the moment the traders are seeing profits coming in, they always never want to go out of the market because it sweets when one is making profits and to withdraw from such is not what most wanted, but we also often forget that the more we stay the more the risk for things to change around and we begin to loose till we realized we have gone too far on losses, its advised that once we make little profits, we should leave and plan for the other time, but greed and love for money will not allow us.
-
Emotional management is important for investors, both trading and holding. What often requires skills in managing emotions is trading, Because we can lose big if we use emotions when trading.
Emotional management or trading psychology will be the determining factor whether there will be profits made or not.
A professional won't even always have such emotional stability that they can't maximize their profits.
For beginners, they tend to panic too much when prices continue to fall, let alone knowing about FUD that starts to appear,
then many will make stupid sales so that they make unwanted losses.
Trading requires technical analysis, fundamentals and emotional control or psychology, it is absolutely necessary.
-
Having a target profit in trading is important, but a trader cannot have such a plan. In addition to this, it is also important that we do not lose control of our emotions because when this happens, it is for sure that instead of gaining profit, we will lose because of this matter.
because it helps a lot when we have proper control of our emotions we can't be without emotions when we do actual trades on a crypto exchange in this field.
It is a must to have a target for taking profits. It is impossible for someone to invest without a target. However, the target for taking profits won't guarantee anything. It the holder has no strong mentality, he/she can sell the coin before it reaches the target. That's why it is important to have good mentality as a holder or an investor as well.
Controlling emotion will be easy if we have knowledge and experience. We must ensure that we invest in crypto after we have sufficient knowledge and know the experience of successful people. This surely helps a lot for our investment.
-
As humans, we will definitely have the trait of greed, because it is a trait that is ingrained in us. We must try to get rid of this trait by controlling ourselves as best as possible.
One way that we can control ourselves is by continuing to increase our knowledge and learn from experience. At first I also tended to follow greed, but I was slowly able to control it as my knowledge and experience increased. I'm sure it works fine.
You are right that with experience we can control bad emotions such as greed. Greed will make us irrational in analyzing the market so that we can experience losses. suggests we should learn from the mistakes of being greedy in the past
Yes, if greed controls us, then all we will think about is profit and profit, so we no longer care about how much risk we will take in the future.
You are right it makes us unable to think rationally because we are no longer in proper control. Therefore, we have to be good at balancing everything by controlling ourselves so that we continue to think as we should, that way we can keep the risk as small as possible.
-
What if I am not greedy, but have set a plan when I would sell? For example I have bought Bitcoin when the price was $10k. $70k is a solid price to sell. I would have even sold it at $50k. x5 is more than enough. But what if I dont need $, want to keep Bitcoin or my plan (even if it is ridiculous) is to sell it $1kk ? Should I change my plan and sell then? Of course no. In my situation, I would sell it whenever I feel I want to sell.
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
- Yes, you are correct; one should not be greedy as a trader. We must be wise traders, and it is good for you if you are already training yourself to conduct trading in this field of the crypto space. Even we know that it is not easy to study and learn about crypto trading.
So it's really good that we know something about trading because it will help us a lot so that we can get a profit in the end while we study and practice on the actual platform of the exchange that we do trading on.
-
- Yes, you are correct; one should not be greedy as a trader. We must be wise traders, and it is good for you if you are already training yourself to conduct trading in this field of the crypto space. Even we know that it is not easy to study and learn about crypto trading.
So it's really good that we know something about trading because it will help us a lot so that we can get a profit in the end while we study and practice on the actual platform of the exchange that we do trading on.
Trading is a process that needs to be learned properly, and while learning, the trader must develop some self-strategy that can help them win in the market. Any trader that fails to establish a proper trading strategy will experience more losses than profits. One thing about trading is that some people can easily get emotional if they don't plan themselves very well and become very disciplined. From my experience, it is very important to set a price target at which you can just cut the trade and take your already-earned profit. Anyone who fails to set a price to take profit might just get confused when the price becomes volatile in their predicted direction.
-
- Yes, you are correct; one should not be greedy as a trader. We must be wise traders, and it is good for you if you are already training yourself to conduct trading in this field of the crypto space. Even we know that it is not easy to study and learn about crypto trading.
So it's really good that we know something about trading because it will help us a lot so that we can get a profit in the end while we study and practice on the actual platform of the exchange that we do trading on.
Trading is a process that needs to be learned properly, and while learning, the trader must develop some self-strategy that can help them win in the market. Any trader that fails to establish a proper trading strategy will experience more losses than profits. One thing about trading is that some people can easily get emotional if they don't plan themselves very well and become very disciplined. From my experience, it is very important to set a price target at which you can just cut the trade and take your already-earned profit. Anyone who fails to set a price to take profit might just get confused when the price becomes volatile in their predicted direction.
You would really be able to make those kind of realizations along the way on which on the time that you would really be able to realize that it is really that something that you must do for you to be able to sustain yourself into this market. Trading skills is never been that an easy thing to be acquired on which it would really be involving tons of efforts and tons of money for you to spend up first before you could really be able to have a good grasps into it on which it would really be just that normal that you would really be having that kind of approach.
Taking profits? Its always been the standard but it cant be really avoided to hold up someones position if they do know that the thing they've been holding does have a potential.
-
What if I am not greedy, but have set a plan when I would sell? For example I have bought Bitcoin when the price was $10k. $70k is a solid price to sell. I would have even sold it at $50k. x5 is more than enough. But what if I dont need $, want to keep Bitcoin or my plan (even if it is ridiculous) is to sell it $1kk ? Should I change my plan and sell then? Of course no. In my situation, I would sell it whenever I feel I want to sell.
Sure. The target to take profits will totally depend on the individual. $70k is very good price to sell the Bitcoin if you bough under $20k in 2022. You already get very satisfying profits at $70k. But because it is very possible to reach $100k, it is okay if you want to continue holding the Bitcoin. You can change the plan if it is necessary, but it depends on the situation. But if it is not urgent, you can continue keep holding until $100k.
-
The trader habit when price pumping is not taking profit but show of their profitable or PNL earned, I don't know what happen with them and keep hold after increasing up with their coins holding and earn much profitable.
I think most of trader lack enough with how much profitable earn and want to get more although their profit increasing more than 10% or 30% of their capital.
I learned how much loss with greedy and won't to make the same mistake better earn few percent profitable with consistency than have to be long term holding but not much profitable earn.
-
The trader habit when price pumping is not taking profit but show of their profitable or PNL earned, I don't know what happen with them and keep hold after increasing up with their coins holding and earn much profitable.
I think most of trader lack enough with how much profitable earn and want to get more although their profit increasing more than 10% or 30% of their capital.
I learned how much loss with greedy and won't to make the same mistake better earn few percent profitable with consistency than have to be long term holding but not much profitable earn.
Sometimes, these holders are influenced by various predictions about the possibility of very high prices. And I became one of them. In 2021, there were many predictions regarding Bitcoin's ATH price that it would reach $100k at that time. But that really cannot be justified. Because in fact we were made very confused by the very rapid drastic decline at that time. So what happens is that we are very late in taking profits, and even more regretful because we can't take profits in the end.
And finally, you have to go through a long period of holding. Therefore, this is a great lesson for us. Money management is very important. Risk management is also very important. and having self-confidence and also a reasonable target in investing is very necessary. So that we can be on track in choosing what the target is and how to take profit system. So that whatever the ATH and its decline, we are all ready for it.
-
-snip-
And finally, you have to go through a long period of holding. Therefore, this is a great lesson for us. Money management is very important. Risk management is also very important. and having self-confidence and also a reasonable target in investing is very necessary. So that we can be on track in choosing what the target is and how to take profit system. So that whatever the ATH and its decline, we are all ready for it.
The entry price target will be quite necessary so as not to wait too long to make a profit.
The ATH price target of $100k-$200k may still be a reasonable target right now, but if it exceeds that target or even millions of dollars, it is beyond expectations and too much.
People who target at unreasonable prices just want to hold on for life without profit being taken.
It is a greedy trait that will weigh on the investment and result in nothing but just waiting and continuing to wait.
-
-snip-
And finally, you have to go through a long period of holding. Therefore, this is a great lesson for us. Money management is very important. Risk management is also very important. and having self-confidence and also a reasonable target in investing is very necessary. So that we can be on track in choosing what the target is and how to take profit system. So that whatever the ATH and its decline, we are all ready for it.
The entry price target will be quite necessary so as not to wait too long to make a profit.
The ATH price target of $100k-$200k may still be a reasonable target right now, but if it exceeds that target or even millions of dollars, it is beyond expectations and too much.
People who target at unreasonable prices just want to hold on for life without profit being taken.
It is a greedy trait that will weigh on the investment and result in nothing but just waiting and continuing to wait.
This is a classic problem that investors always face, greed will make us lose the opportunity to make a profit. Don't expect more than the target that has been achieved previously, if you feel you have achieved it, just go
-
-snip-
This is a classic problem that investors always face, greed will make us lose the opportunity to make a profit. Don't expect more than the target that has been achieved previously, if you feel you have achieved it, just go
If it has been achieved then take profit, do not procrastinate for any reason.
That's better than continuing to hold but it will only go down eventually.
This will cause panic and of course the strategy will not work well.
Not being disciplined in the strategy made will lead to new problems and change all the planing made.
-
This is a classic problem that investors always face, greed will make us lose the opportunity to make a profit. Don't expect more than the target that has been achieved previously, if you feel you have achieved it, just go
I've targeted where I'll take some or all of the profits.
If it is indeed achieved faster, then what is done is to follow the strategy that has been made.
With the benefits obtained, we can double the investment owned.
Buy when the price of Crypto has already dropped or experienced some fairly deep corrections.
Do not be influenced by FOMO that results in buying at too high a price.
-
This is a classic problem that investors always face, greed will make us lose the opportunity to make a profit. Don't expect more than the target that has been achieved previously, if you feel you have achieved it, just go
I've targeted where I'll take some or all of the profits.
If it is indeed achieved faster, then what is done is to follow the strategy that has been made.
With the benefits obtained, we can double the investment owned.
Buy when the price of Crypto has already dropped or experienced some fairly deep corrections.
Do not be influenced by FOMO that results in buying at too high a price.
Buying during FOMO is a big risk we take, we should avoid it. We really have to be able to see the market realistically and with a clear mind. I agree with you, buy when the crypto price really goes down and experiences a fairly deep correction, then we hold to wait for the price to rise so we can get a very big profit. if I prefer to be detained for the long term.
-
What if I am not greedy, but have set a plan when I would sell? For example I have bought Bitcoin when the price was $10k. $70k is a solid price to sell. I would have even sold it at $50k. x5 is more than enough. But what if I dont need $, want to keep Bitcoin or my plan (even if it is ridiculous) is to sell it $1kk ? Should I change my plan and sell then? Of course no. In my situation, I would sell it whenever I feel I want to sell.
The essence of investing is to make a profit, to achieve that goal we need a well-designed strategy.
And before we buy any coin, The taking profit strategy should be fully outlined.
So we will never go into a trade or investment blind.
Because no one can accurately time tops or bottoms.
But Your Money, Your Rules...
And if you don't implement that strategy consistently, that's your choice.
-
What if I am not greedy, but have set a plan when I would sell? For example I have bought Bitcoin when the price was $10k. $70k is a solid price to sell. I would have even sold it at $50k. x5 is more than enough. But what if I dont need $, want to keep Bitcoin or my plan (even if it is ridiculous) is to sell it $1kk ? Should I change my plan and sell then? Of course no. In my situation, I would sell it whenever I feel I want to sell.
The essence of investing is to make a profit, to achieve that goal we need a well-designed strategy.
And before we buy any coin, The taking profit strategy should be fully outlined.
So we will never go into a trade or investment blind.
Because no one can accurately time tops or bottoms.
But Your Money, Your Rules...
And if you don't implement that strategy consistently, that's your choice.
That is very true, in fact there are many people who are dedicated to looking for altcouis that are of low value and calculate that they can earn when they make a big bang, and they are ones that are found in respectable exchanges such as Binance, Kucoin, and they can invest a lot money there, of course they can always earn and when bitcoin rises a lot and this drives other coins, because trust in crypto increases, therefore it is the decision of each person to know what they are going to put money into for their investment, I would to say clearly that whoever puts money in Bitcoin will have a great profit in the long term, but my advice is, bitcoin can go down in price, stay the same or even go up, but when will it go up to the next ATH? It is speculated that for this year and 2025, that is why it is recommended to buy as much bitcoin as possible.
Of course now we are already surpassing the last ATH, this is a new price, I think it is $72k, but it is presumed that it could just be an impulse for what can grow.
-
This is a classic problem that investors always face, greed will make us lose the opportunity to make a profit. Don't expect more than the target that has been achieved previously, if you feel you have achieved it, just go
Some people have fixed their target but when they see other people that they are still holding then they forget about their target and follow the other fellows but it become risky for him because this is a behaviour of greed which eventually ends with loss.
It is better to not leave your earned money just because of greed because we don't know that what will be the worth in future. May be we see huge dump due to which we will regret to not take our profit on time therefore always focus on your target instead of believing others or if you are not satisfy with your earning then it is necessary to target large value from the start.
-
Some people have fixed their target but when they see other people that they are still holding then they forget about their target and follow the other fellows but it become risky for him because this is a behaviour of greed which eventually ends with loss.
It is better to not leave your earned money just because of greed because we don't know that what will be the worth in future. May be we see huge dump due to which we will regret to not take our profit on time therefore always focus on your target instead of believing others or if you are not satisfy with your earning then it is necessary to target large value from the start.
Yes right and that has become basic human nature which seems difficult to leave behind, the economic conditions of each human being will always be different so when what you have done has made a profit then it's best to be able to withdraw the profit, because if you see other people who haven't sold yet then there is a possibility that they don't need money so they keep holding assets in the form of Cryptocurrency for the long term.
-
Some people have fixed their target but when they see other people that they are still holding then they forget about their target and follow the other fellows but it become risky for him because this is a behaviour of greed which eventually ends with loss.
I personally won't see how other people invest or trade, I will focus on my target. If we often see how other people invest/trade, we may follow them sometimes. It is not good if we don't have own target and only follow other people. We don't know whether the people can success or not. It is better to focus on our target and take profits if it reaches the target.
-
Buying during FOMO is a big risk we take, we should avoid it. We really have to be able to see the market realistically and with a clear mind. I agree with you, buy when the crypto price really goes down and experiences a fairly deep correction, then we hold to wait for the price to rise so we can get a very big profit. if I prefer to be detained for the long term.
Sometimes when the price has really gone down, and it's time to buy, they doubt whether it's a good price to start coming in or if there will still be another drop.
Actually this can be seen from technical analysis so that it can be determined whether it has touched the bottom support or not.
Doing analysis is very important before deciding to enter or exit, and money management will help how much funds are used to buy so that there is a reserve fund when prices continue to fall.
-
Buying during FOMO is a big risk we take, we should avoid it. We really have to be able to see the market realistically and with a clear mind. I agree with you, buy when the crypto price really goes down and experiences a fairly deep correction, then we hold to wait for the price to rise so we can get a very big profit. if I prefer to be detained for the long term.
Sometimes when the price has really gone down, and it's time to buy, they doubt whether it's a good price to start coming in or if there will still be another drop.
Actually this can be seen from technical analysis so that it can be determined whether it has touched the bottom support or not.
Doing analysis is very important before deciding to enter or exit, and money management will help how much funds are used to buy so that there is a reserve fund when prices continue to fall.
Well, this is the problem, when they expect a decline to buy, they don't buy and want an even deeper decline. Even though we don't fully know at what price it will be the lowest price, and at times like this we have to make decisions.
Therefore, the DCA method is one of the best ways to slowly make purchases. We can buy again when the market goes down again and so on. The reason is, as I said, that we will not really know the deepest point of prices.
-
Some people have fixed their target but when they see other people that they are still holding then they forget about their target and follow the other fellows but it become risky for him because this is a behaviour of greed which eventually ends with loss.
It is better to not leave your earned money just because of greed because we don't know that what will be the worth in future. May be we see huge dump due to which we will regret to not take our profit on time therefore always focus on your target instead of believing others or if you are not satisfy with your earning then it is necessary to target large value from the start.
Yes right and that has become basic human nature which seems difficult to leave behind, the economic conditions of each human being will always be different so when what you have done has made a profit then it's best to be able to withdraw the profit, because if you see other people who haven't sold yet then there is a possibility that they don't need money so they keep holding assets in the form of Cryptocurrency for the long term.
If someone not a big investor then I must say learn to enjoy your profits. When a trader can make profit then he can get better idea about trading. There are some traders who get excessive greedy from their trading. If the value of an asset increases several times, the value of that asset will definitely decrease. But there are some ignorant traders who emotionally want to hold their assets until they reach a certain level. But after a few days it was seen that the trader has faced huge losses. The value of their accumulated assets has further declined. When a trader does not take the profit despite making a profit, he is on the one hand losing financially and on the other hand he is lagging behind in acquiring knowledge related to trading.
-
Well, this is the problem, when they expect a decline to buy, they don't buy and want an even deeper decline. Even though we don't fully know at what price it will be the lowest price, and at times like this we have to make decisions.
Therefore, the DCA method is one of the best ways to slowly make purchases. We can buy again when the market goes down again and so on. The reason is, as I said, that we will not really know the deepest point of prices.
That's right, the method you suggest can at least provide information on what price is the right position to enter and buy cryptocurrency even though there is no guarantee that the movement is very accurate.
-
Yes in cryptocurrency market who will be greedy he will loss from here. Cryptocurrency market is always unpredictable here loss and profit both are exist. So when anyone will be profited then they Should not get greedy just take profit and leave.
I think it is best policy in cryptocurrency market. When will profit then leav.
-
Well, this is the problem, when they expect a decline to buy, they don't buy and want an even deeper decline. Even though we don't fully know at what price it will be the lowest price, and at times like this we have to make decisions.
Therefore, the DCA method is one of the best ways to slowly make purchases. We can buy again when the market goes down again and so on. The reason is, as I said, that we will not really know the deepest point of prices.
That's right, the method you suggest can at least provide information on what price is the right position to enter and buy cryptocurrency even though there is no guarantee that the movement is very accurate.
Yes, because in my opinion no one can predict accurately and even in several people's analysis the results will be different, so it proves that it is impossible for us to analyze the market with certainty, especially if it determines the price point.
So the strategy I said before really helps us in making several entries, even though we can't enter at the lowest price, but at least we get the best price we can buy at that time.
-
Yes in cryptocurrency market who will be greedy he will loss from here. Cryptocurrency market is always unpredictable here loss and profit both are exist. So when anyone will be profited then they Should not get greedy just take profit and leave.
I think it is best policy in cryptocurrency market. When will profit then leav.
Sometimes when he has made a lot of profit from cryptocurrency, he just takes a screenshot and shows off on social media that he has so that he forgets to sell or releases it at a high price and after that the price collapses, making it too late to sell at a high price and the only regret he has is get it.
-
Sometimes when he has made a lot of profit from cryptocurrency, he just takes a screenshot and shows off on social media that he has so that he forgets to sell or releases it at a high price and after that the price collapses, making it too late to sell at a high price and the only regret he has is get it.
It is stupid to show up the profits on the social media. What for?
It only makes the bad people to think of stealing your money. When we upload it on the social media, there are too many people around the world to see it. I think it is a careless attitude, we mustn't do it.
-
Sometimes when he has made a lot of profit from cryptocurrency, he just takes a screenshot and shows off on social media that he has so that he forgets to sell or releases it at a high price and after that the price collapses, making it too late to sell at a high price and the only regret he has is get it.
It is stupid to show up the profits on the social media. What for?
It only makes the bad people to think of stealing your money. When we upload it on the social media, there are too many people around the world to see it. I think it is a careless attitude, we mustn't do it.
Actually, I often see people who do things like that. When you join a cryptocurrency group that has hundreds of thousands of members, you will definitely see people like that. Indeed, people like that are not good to imitate and often cannot take advantage of the situation well. Trading with any results and remaining silent is a very wise person.
-
Sometimes when he has made a lot of profit from cryptocurrency, he just takes a screenshot and shows off on social media that he has so that he forgets to sell or releases it at a high price and after that the price collapses, making it too late to sell at a high price and the only regret he has is get it.
It is stupid to show up the profits on the social media. What for?
It only makes the bad people to think of stealing your money. When we upload it on the social media, there are too many people around the world to see it. I think it is a careless attitude, we mustn't do it.
There is no need to show off our profits on social media, just experience the same way, maybe we can achieve bigger profits than luring thieves to commit crimes against us. The best people are those who are silent and can keep the secrets of their lives.
-
There is no need to show off our profits on social media, just experience the same way, maybe we can achieve bigger profits than luring thieves to commit crimes against us. The best people are those who are silent and can keep the secrets of their lives.
Yes, we should enjoy it ourselves without showing it off on social media, because if we show it off on social media, what benefits will we get? I don't think there is any benefit we can gain by doing that.
Exactly as you said, maybe I will invite irresponsible people who will harm us. Yes, we can be their target to take something that we have and that could end up endangering ourselves. So it's better to keep quiet and enjoy it yourself.
-
There is no need to show off our profits on social media, just experience the same way, maybe we can achieve bigger profits than luring thieves to commit crimes against us. The best people are those who are silent and can keep the secrets of their lives.
Yes, we should enjoy it ourselves without showing it off on social media, because if we show it off on social media, what benefits will we get? I don't think there is any benefit we can gain by doing that.
Exactly as you said, maybe I will invite irresponsible people who will harm us. Yes, we can be their target to take something that we have and that could end up endangering ourselves. So it's better to keep quiet and enjoy it yourself.
I agree with you because not showing off our benefits to other people can make them jealous and can also invite crime. Because we know that in the crypto world there are many hackers. I stayed quiet and focused on investing rather than just showing off. There is no benefit in being a show-off. Readers who see the profits will be interested in becoming new investors and trying to invest, some of them will blame us if they lose. This is also the bad side of showing off.
-
I agree with you because not showing off our benefits to other people can make them jealous and can also invite crime. Because we know that in the crypto world there are many hackers. I stayed quiet and focused on investing rather than just showing off. There is no benefit in being a show-off. Readers who see the profits will be interested in becoming new investors and trying to invest, some of them will blame us if they lose. This is also the bad side of showing off.
But it will be different when you become an influencer, showing off that million-dollar portfolio will be very profitable and grow followers.
But security is very vulnerable because it will be a target for criminal acts because of these many assets.
But if you only focus on investing and not being an influencer, your privacy is number one without having to show off anything.
-
I agree with you because not showing off our benefits to other people can make them jealous and can also invite crime. Because we know that in the crypto world there are many hackers. I stayed quiet and focused on investing rather than just showing off. There is no benefit in being a show-off. Readers who see the profits will be interested in becoming new investors and trying to invest, some of them will blame us if they lose. This is also the bad side of showing off.
I agree it is important to be careful about how we talk about our successes especially in cryptocurrency world where there lot of risks. If we showoff our gains it can make others feel jealous and also attract bad people like hackers and criminals. It is better to stay humble and concentrate on our investments instead of bragging about how much money we have made. If we do not showoff we can avoid problems like others blaming us if they lose money. At end it is best to keep our successes private and focus on making good choices with our investments.
-
I agree with you because not showing off our benefits to other people can make them jealous and can also invite crime. Because we know that in the crypto world there are many hackers. I stayed quiet and focused on investing rather than just showing off. There is no benefit in being a show-off. Readers who see the profits will be interested in becoming new investors and trying to invest, some of them will blame us if they lose. This is also the bad side of showing off.
I agree it is important to be careful about how we talk about our successes especially in cryptocurrency world where there lot of risks. If we showoff our gains it can make others feel jealous and also attract bad people like hackers and criminals. It is better to stay humble and concentrate on our investments instead of bragging about how much money we have made. If we do not showoff we can avoid problems like others blaming us if they lose money. At end it is best to keep our successes private and focus on making good choices with our investments.
Always focus on our investments and don't need to show off, it's better to be a humble person and not provoke criminals to chase our assets. The world of investment has lots of hackers and scammers, so there is no need to reveal the amount of our assets on social media or show the profits we have achieved.
-
I agree with you because not showing off our benefits to other people can make them jealous and can also invite crime. Because we know that in the crypto world there are many hackers. I stayed quiet and focused on investing rather than just showing off. There is no benefit in being a show-off. Readers who see the profits will be interested in becoming new investors and trying to invest, some of them will blame us if they lose. This is also the bad side of showing off.
But it will be different when you become an influencer, showing off that million-dollar portfolio will be very profitable and grow followers.
But security is very vulnerable because it will be a target for criminal acts because of these many assets.
But if you only focus on investing and not being an influencer, your privacy is number one without having to show off anything.
Well I agree with you guys. At least if we are just ordinary investors and not influencers, influencers always create sensations to attract more followers for the sake of profit. But for those of us who are just ordinary traders or investors, maintaining privacy must be the thing we prioritize most. So if we have big profits and have big assets then it would be better if we don't tell anyone except people we really trust.
Being a crypto influencer is also quite dangerous actually. The problem is that there are many quite terrible cases that have happened to crypto influencers.
-
I would like to discuss what of offered in the topic name. I am not greedy, but why should I be happy with little profit if it is “already earned”? Any kind of profit technically is “already earned”. How doe it sound to me - I have invested $10k for example, earned $200-300 and should leave? That is not the amount to earn I aim to get from crypto and investing. With $10k I can earn $200-300 in various and less risky deals. For me crypto investing is something that gives larger profit that others earning methods.
-
Yes, we should enjoy it ourselves without showing it off on social media, because if we show it off on social media, what benefits will we get? I don't think there is any benefit we can gain by doing that.
Exactly as you said, maybe I will invite irresponsible people who will harm us. Yes, we can be their target to take something that we have and that could end up endangering ourselves. So it's better to keep quiet and enjoy it yourself.
I agree with you because not showing off our benefits to other people can make them jealous and can also invite crime. Because we know that in the crypto world there are many hackers. I stayed quiet and focused on investing rather than just showing off. There is no benefit in being a show-off. Readers who see the profits will be interested in becoming new investors and trying to invest, some of them will blame us if they lose. This is also the bad side of showing off.
Yes, I don't see any motivation for showing it off other than maybe it tends to be more arrogant. Unless there are people who ask us to show what we have for their motivation, I usually use my second wallet.
We don't know what other people think when they see the amount of money, whether big or small. So to minimize things we don't want, it's better to keep it to ourselves without showing it to other people, especially on social media.
-
I would like to discuss what of offered in the topic name. I am not greedy, but why should I be happy with little profit if it is “already earned”? Any kind of profit technically is “already earned”. How doe it sound to me - I have invested $10k for example, earned $200-300 and should leave? That is not the amount to earn I aim to get from crypto and investing. With $10k I can earn $200-300 in various and less risky deals. For me crypto investing is something that gives larger profit that others earning methods.
If you invest $10K that is a large amount, and you can make profits easily. Moreover, in the current bull run condition and this is the time of correction, we can buy coins to hold, because it is possible that when the bitcoin halving occurs, the price of bitcoin and altcoins will rise again.
-
From what I have experienced, almost all traders tend to do this mistake in trading, which have adequate many of them loose alot of money.
Not all lost in trading is as a result of greed, but most cases I have come across are because of greed, and wanting to gain more.
Doe the primary aim of trading is to make earns, and gains but just as you said, as a good trader one should have the ability to listen to your inner voice.
-
Most people always get contradictions between fear and greed in trading, most of the time we fail to listen to our inner voice to place some trade because of fear of loosing, while at times people loose their money in trading because of greed, always not satisfied of their profits...
And as a good trader, you should be able to control greed in trading to avoid plenty of loss.
-
I agree with you because not showing off our benefits to other people can make them jealous and can also invite crime. Because we know that in the crypto world there are many hackers. I stayed quiet and focused on investing rather than just showing off. There is no benefit in being a show-off. Readers who see the profits will be interested in becoming new investors and trying to invest, some of them will blame us if they lose. This is also the bad side of showing off.
I agree it is important to be careful about how we talk about our successes especially in cryptocurrency world where there lot of risks. If we showoff our gains it can make others feel jealous and also attract bad people like hackers and criminals. It is better to stay humble and concentrate on our investments instead of bragging about how much money we have made. If we do not showoff we can avoid problems like others blaming us if they lose money. At end it is best to keep our successes private and focus on making good choices with our investments.
In today`s reality where hackers are increasing in their numbers, it is so pivotal to exercise caution and discretion when discussing one’s successes generally and in trading specifically. Showing off gains can evoke jealousy, hatred and even unwanted attention from hackers and criminals. It is advisable to maintain a humble approach and focus on managing investments prudently rather than boasting about financial achievements.
By refraining from flaunting wealth, crypto traders can mitigate the risk of being targeted or blamed by others in case of financial losses as you mentioned. Ultimately, keeping successes private and prioritizing sound investment decisions is the most prudent course of action in the volatile realm of cryptocurrency.
-
Most people always get contradictions between fear and greed in trading, most of the time we fail to listen to our inner voice to place some trade because of fear of loosing, while at times people loose their money in trading because of greed, always not satisfied of their profits...
And as a good trader, you should be able to control greed in trading to avoid plenty of loss.
If a trader lacks discipline, he or she will most likely fall to greed in trading. Being greedy in trading involves several elements, one of which is having a plan without backtesting it. If you did not back test the strategy, you cannot be confident that it will work. That is why you should avoid trading if you do not believe in your strategy, since you will end up losing money. If you do, your emotions will dictate over you.
-
[-snip-
Being a crypto influencer is also quite dangerous actually. The problem is that there are many quite terrible cases that have happened to crypto influencers.
I have also heard many cases of influencers being targeted by crime, and it is indeed real.
As an influencer with a multimillion-dollar portfolio, of course, he must maintain his own security.
But many influencers don't reveal their real identities, they just wear masks and hide under pseudonyms on their social media accounts, it could be safer.
-
[-snip-
Being a crypto influencer is also quite dangerous actually. The problem is that there are many quite terrible cases that have happened to crypto influencers.
I have also heard many cases of influencers being targeted by crime, and it is indeed real.
As an influencer with a multimillion-dollar portfolio, of course, he must maintain his own security.
But many influencers don't reveal their real identities, they just wear masks and hide under pseudonyms on their social media accounts, it could be safer.
Yes, I also listened, an influencer should not share a wallet containing large amounts of assets. only wallets with small amounts. Currently there is a lot of crime in the crypto world, both hackers and scammers. So we have to be careful. Because this can also happen to us if we are not careful
-
[-snip-
Being a crypto influencer is also quite dangerous actually. The problem is that there are many quite terrible cases that have happened to crypto influencers.
I have also heard many cases of influencers being targeted by crime, and it is indeed real.
As an influencer with a multimillion-dollar portfolio, of course, he must maintain his own security.
But many influencers don't reveal their real identities, they just wear masks and hide under pseudonyms on their social media accounts, it could be safer.
Yes, I also listened, an influencer should not share a wallet containing large amounts of assets. only wallets with small amounts. Currently there is a lot of crime in the crypto world, both hackers and scammers. So we have to be careful. Because this can also happen to us if we are not careful
- Well, actually, I'm not too impressed with influencers who show their great balance in what they share; obviously, they are only after really gaining a lot of views. He hypes his viewers by showing a lot of money in his account, because this is also where he gets people to register or sign up to share anything.
So, I don't just believe unless I can see and feel that he is sincere in what he says in his vlogging. So don't believe it immediately if you don't want to regret it later.
-
-snip-
So, I don't just believe unless I can see and feel that he is sincere in what he says in his vlogging. So don't believe it immediately if you don't want to regret it later.
Yes, you have to protect yourself from influencers who will influence you with news that is not necessarily true.
I also don't recommend following what influencers suggest.
They are looking for many followers and the more followers the more they will benefit.
Do not immediately believe and do your own research, how also you need to do research from various points of view.
-
-snip-
So, I don't just believe unless I can see and feel that he is sincere in what he says in his vlogging. So don't believe it immediately if you don't want to regret it later.
Yes, you have to protect yourself from influencers who will influence you with news that is not necessarily true.
I also don't recommend following what influencers suggest.
They are looking for many followers and the more followers the more they will benefit.
Do not immediately believe and do your own research, how also you need to do research from various points of view.
We have to do our own research before investing because it is mandatory and don't trust influencers, they will definitely benefit from their followers. Because there is no free lunch. Most of them offer new projects, we should invest in old coins that are safer. The new policy is more profitable, but more profitable
-
-snip-
Most of them offer new projects, we should invest in old coins that are safer. The new policy is more profitable, but more profitable
Seeing how they offer a new project if it's a pretty good project, and you've done the analysis,
it never hurts to look further at how well the project is doing.
You don't have to invest in old coins that may be safer,
but old projects also have consequences if they continue to be developed.
As in the case of LUNA in the past, even though it was a fairly successful coin and entered the top 10 CMC, but in fact it became a scam project.
Be careful and alert to everything that will happen suddenly in crypto.
-
Yes, you have to protect yourself from influencers who will influence you with news that is not necessarily true.
I also don't recommend following what influencers suggest.
They are looking for many followers and the more followers the more they will benefit.
Do not immediately believe and do your own research, how also you need to do research from various points of view.
After some time in the industry, a person understands the reality of people who try to sell certain tokens and promote specific cryptocurrencies and realizes that they aren't doing all this for the benefit of their followers or subscribers, but they are doing it because they are getting incentivized for that and they don't care whether you lose your money or not.
It takes some time for a newbie to learn all that though, even after reading posts such as we are discussing at right now, some newbies would still fall for such things when they hear about the potential returns those influencers say they can get.
-
We have to do our own research before investing because it is mandatory and don't trust influencers, they will definitely benefit from their followers. Because there is no free lunch. Most of them offer new projects, we should invest in old coins that are safer. The new policy is more profitable, but more profitable
That's true, but as you know, not all influencers get profits easily, because I'm sure influencers who have more than 1 million followers will think again about providing information that is not true because it will only make their followers dislike them and there is a possibility that they will stop following them.
-
After some time in the industry, a person understands the reality of people who try to sell certain tokens and promote specific cryptocurrencies and realizes that they aren't doing all this for the benefit of their followers or subscribers, but they are doing it because they are getting incentivized for that and they don't care whether you lose your money or not.
Influencer just makes benefits if they mention anything Elon musk just posted a meme with doge then the price of dogecoin suddenly skyrocketed.
I'm sure these influencers before they post anything related to a crypto project or coins are first going to buy a large amount of it and then they are going to promote.
It is acceptable as long as you complete DYOR before investing in the project or coins they are promoting and as long as you know how to exit.
-
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
As far as I know, trading is emotionally draining and it is very difficult for us to "take profit".
As much as possible, if we trade, it will definitely be very difficult to control our emotions because prices tend to rise and fall very quickly.
Your advice can be accepted and when we make a profit in trading 100 dollars in a day then "Take Profit" and the rest wait for the coins we will buy when they fall again in all markets.
-
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
As far as I know, trading is emotionally draining and it is very difficult for us to "take profit".
As much as possible, if we trade, it will definitely be very difficult to control our emotions because prices tend to rise and fall very quickly.
Your advice can be accepted and when we make a profit in trading 100 dollars in a day then "Take Profit" and the rest wait for the coins we will buy when they fall again in all markets.
You seem like a professional trader, because you know about emotional management. the most difficult thing when trading. We are faced with this when we take profit, we still have to wait for bigger profits, people say this is greedy. Or sell when you get the profit you want.
-
You seem like a professional trader, because you know about emotional management. the most difficult thing when trading. We are faced with this when we take profit, we still have to wait for bigger profits, people say this is greedy. Or sell when you get the profit you want.
I'm also confused about what is said to be greedy in crypto, because basically we have a target to make a profit, at least we target a profit of at least 10% of the purchase price even if the capital is large, if the capital is small 50% of the profit only then can you feel the profit.
-
You seem like a professional trader, because you know about emotional management. the most difficult thing when trading. We are faced with this when we take profit, we still have to wait for bigger profits, people say this is greedy. Or sell when you get the profit you want.
I'm also confused about what is said to be greedy in crypto, because basically we have a target to make a profit, at least we target a profit of at least 10% of the purchase price even if the capital is large, if the capital is small 50% of the profit only then can you feel the profit.
Capital is something that would really be that significant for you to feel out those profits on which of course it would really be that depending on how much you had placed on but dont make yourself that been thinking up on that way because it would really be making you to rush up on making such decisions specially if you would really be tending to add up your capital.
The best approach that you could have is on how you would really be that making yourself that having a progressive increase of your capital as you do move forward.
Having those gains would signifies that you are really that having that kind of positive or gains that you have.
-
-snip-
So, I don't just believe unless I can see and feel that he is sincere in what he says in his vlogging. So don't believe it immediately if you don't want to regret it later.
Yes, you have to protect yourself from influencers who will influence you with news that is not necessarily true.
I also don't recommend following what influencers suggest.
They are looking for many followers and the more followers the more they will benefit.
Do not immediately believe and do your own research, how also you need to do research from various points of view.
Yes, you are right because there are many influencers who take advantage of their followers for their own interests. That is what I often see with exploitative people in this cryptocurrency business field.
That's why there is nothing better than doing your own research, because it depends on whether the capital we will use will be wasted or if it will have a big profit in the future. Right?
-
We have to do our own research before investing because it is mandatory and don't trust influencers, they will definitely benefit from their followers. Because there is no free lunch. Most of them offer new projects, we should invest in old coins that are safer. The new policy is more profitable, but more profitable
Research is most important thing which can enhance our choices towards better assets. Influencers are not always true and some of them are getting payments by spreading wrong information therefore who are newbies will easily trap in their planning.
Old is always beneficial so instead of following the Influencers we should choose old coins where there is less risk and high profit as well as we are not surprised about dip in old coins like bitcoin and ethereum as we know that they will go high rise again and our money will be saved.
-
That's true because greedy persons tend to exert more profit than persons tend to hold while they know they are profitable than to lose nothing
-
-snip-
they don't care whether you lose your money or not.
It takes some time for a newbie to learn all that though, even after reading posts such as we are discussing at right now, some newbies would still fall for such things when they hear about the potential returns those influencers say they can get.
They will never care, because it is quite clear that they wrote and warned that what influencer was talking about was not investment advice or whatever his words were to say, that they did not want to be responsible for any loss that could occur.
It's just that many beginners don't read the warning and blindly follow the advice.
They are only interested in suggestions that look like they will give you a profit, but in fact it does not guarantee any profit.
-
I'm also confused about what is said to be greedy in crypto, because basically we have a target to make a profit, at least we target a profit of at least 10% of the purchase price even if the capital is large, if the capital is small 50% of the profit only then can you feel the profit.
Likely limitation target profit raise above 10% is not greedy in trading and realistic with the percentage profit want to earn, difference position when earning profit more than 50% but keep hold could be greedy and want to earn much profitable raise up to 300% or 500%. Many trader loss much money in trading because can't control with their greedy emotion, after getting profit around 5% to 10% but not have ideas for taking profit and keep holding with their expecting will up to 100% but have to get fact with coins dropping and loss opportunity to earn 10% profitable.
I take profit with some coins when trading around 10% and seems enough for securing my capital not becoming long term holding.
-
I'm also confused about what is said to be greedy in crypto, because basically we have a target to make a profit, at least we target a profit of at least 10% of the purchase price even if the capital is large, if the capital is small 50% of the profit only then can you feel the profit.
Likely limitation target profit raise above 10% is not greedy in trading and realistic with the percentage profit want to earn, difference position when earning profit more than 50% but keep hold could be greedy and want to earn much profitable raise up to 300% or 500%. Many trader loss much money in trading because can't control with their greedy emotion, after getting profit around 5% to 10% but not have ideas for taking profit and keep holding with their expecting will up to 100% but have to get fact with coins dropping and loss opportunity to earn 10% profitable.
I take profit with some coins when trading around 10% and seems enough for securing my capital not becoming long term holding.
Greed will make people lose, if you already have a target of 10%, you should immediately sell and take the profits. but if you target 50-100% it depends on the coins you have, if it's a new coin or a meme coin, if you buy at the beginning it's possible you can achieve your target. but do your analysis well.
-
Greed will make people lose, if you already have a target of 10%, you should immediately sell and take the profits. but if you target 50-100% it depends on the coins you have, if it's a new coin or a meme coin, if you buy at the beginning it's possible you can achieve your target. but do your analysis well.
Greed will not allow us to take profits rationally, we will be faced with the dilemma of selling when prices are high, but emotions want more profit without clear analysis. the end result is that when the price drops, we will lose
-
Greed will make people lose, if you already have a target of 10%, you should immediately sell and take the profits. but if you target 50-100% it depends on the coins you have, if it's a new coin or a meme coin, if you buy at the beginning it's possible you can achieve your target. but do your analysis well.
Greed will not allow us to take profits rationally, we will be faced with the dilemma of selling when prices are high, but emotions want more profit without clear analysis. the end result is that when the price drops, we will lose
What you say is absolutely true. Those who want to sell at higher prices do not get it and those who want to buy at lower prices they do not do that. But in this case I think only those who can keep their greed in control can survive in that position. Sell when the price rise and buy when the price go down. When a trader is affected by greed, they will begin to diverge.
-
Greed will make people lose, if you already have a target of 10%, you should immediately sell and take the profits. but if you target 50-100% it depends on the coins you have, if it's a new coin or a meme coin, if you buy at the beginning it's possible you can achieve your target. but do your analysis well.
Greed will not allow us to take profits rationally, we will be faced with the dilemma of selling when prices are high, but emotions want more profit without clear analysis. the end result is that when the price drops, we will lose
What you say is absolutely true. Those who want to sell at higher prices do not get it and those who want to buy at lower prices they do not do that. But in this case I think only those who can keep their greed in control can survive in that position. Sell when the price rise and buy when the price go down. When a trader is affected by greed, they will begin to diverge.
This is because cryptocurrency price movements on exchanges cannot be predicted easily, all price movements can occur spontaneously. Except when there is good or bad news, it usually has an immediate impact on cryptocurrency prices. That is why when trading we must be able to control our emotions so that we are not easily influenced by any conditions that can harm us.
-
- Even though greed is part of the problem, it is always present in our concerns. So the only thing we can really do is not allow it to enter our lives or anything we do. Like trading here in crypto, if you have income, don't expect more.
It's hard for us to regret it in the end, because once we make another profit from trading, even though we know we've made a profit but we haven't exited yet, that means greed has entered for sure; that's guaranteed. I hope we can overcome such scenarios in our lives.
-
If it is not about greed, but why should I be happy to take little and now, when I can wait (hold) and get more? That is somehow a wrong vision of a situation. When we are at school, we dont do test do get C and that is enough, we do maximum of tasks and hope to get A+. Not everyone who hold or trade, do it for sake of greed, because it is never enough. What if there is goal, a final aim, and we just wait for that milestone to be achieved?
For example I have some of my BTC that I have purchased when their price was around 20k. I hold them not because I am greedy and 69k today is not enough for me. I just hold it because 1) I dont need that money right now 2) I set a plan to sell few at 100k.
-
This is because cryptocurrency price movements on exchanges cannot be predicted easily, all price movements can occur spontaneously. Except when there is good or bad news, it usually has an immediate impact on cryptocurrency prices. That is why when trading we must be able to control our emotions so that we are not easily influenced by any conditions that can harm us.
That is the most important thing as a trader, you must be able to control your emotions. because many traders experience big losses due to bad emotions such as greedy and fear. And it will always be there when we invest. We must be able to manage our emotions
-
Greed is a common weakness among traders, causing them to be swayed by emotions and leading to significant losses. Many traders struggle with being content with their earnings, but it's essential to manage and consolidate profits, rather than risking everything due to greed.
By being mindful of this pitfall, traders can avoid losing both their profits and capital. A disciplined approach, focusing on sustainable gains and risk management, is crucial for achieving long-term success in trading.
-
Greed is a common weakness among traders, causing them to be swayed by emotions and leading to significant losses. Many traders struggle with being content with their earnings, but it's essential to manage and consolidate profits, rather than risking everything due to greed.
By being mindful of this pitfall, traders can avoid losing both their profits and capital. A disciplined approach, focusing on sustainable gains and risk management, is crucial for achieving long-term success in trading.
Actually being a trader must always focus on the targets and initial plans so as not to get caught up in greed when they see the passar trend up and forget their targets, to lose the opportunity to benefit because the crypto market is fluctuating.
For those who have been invested for a long time in Crypto and have experience can more easily control this emotions, but for New Bies it will be difficult.
-
Greed is a common weakness among traders, causing them to be swayed by emotions and leading to significant losses. Many traders struggle with being content with their earnings, but it's essential to manage and consolidate profits, rather than risking everything due to greed.
By being mindful of this pitfall, traders can avoid losing both their profits and capital. A disciplined approach, focusing on sustainable gains and risk management, is crucial for achieving long-term success in trading.
Actually being a trader must always focus on the targets and initial plans so as not to get caught up in greed when they see the passar trend up and forget their targets, to lose the opportunity to benefit because the crypto market is fluctuating.
For those who have been invested for a long time in Crypto and have experience can more easily control this emotions, but for New Bies it will be difficult.
Emotional regulation is one of the ways that traders should ensure that consistent decisions are made when trading. This way, when we lag behind this fast moving market, we leave room for evaluation even though we stick to the initial plan made. This is one of the ways of minimising on the kind of hasty decision which affects the long-term outcome. The first situation shows the necessity of developing this habit which, of course, requires some time for evaluation and practice and, as a result, the skill of controlling will be developed. Each successful endeavour and each misadventure is a beneficial learning experience that helps it to grow wiser on the market. Affordability of tiny and steady measures are always the cornerstones of growth towards a more assertive and relevant trader.
-
Greed is a common weakness among traders, causing them to be swayed by emotions and leading to significant losses. Many traders struggle with being content with their earnings, but it's essential to manage and consolidate profits, rather than risking everything due to greed.
By being mindful of this pitfall, traders can avoid losing both their profits and capital. A disciplined approach, focusing on sustainable gains and risk management, is crucial for achieving long-term success in trading.
Yes, It will be best decision for us in crypto currency would. Because we know that greedy is very harmful for any person in crypto currency market. Because we know that trading and investing will be must depending on your prefer knowledge in cryptocurrency world. Because we know that cryptocurrency market is always depending on up and down, so if we want to get best profit from this situation we must know in crypto currency market. Because awareness will be best helpful for earning best profit from cryptocurrency market.
-
Greed will make people lose, if you already have a target of 10%, you should immediately sell and take the profits. but if you target 50-100% it depends on the coins you have, if it's a new coin or a meme coin, if you buy at the beginning it's possible you can achieve your target. but do your analysis well.
Greed and trading do not go together because greedy traders find it difficult to withdraw their profits because they are constantly seeking more profits. These traders constantly reinvest profits because they seem insignificant to them, and as a result, they lose nearly everything. Traders should not expect a large margin between capital and profit.
However, I understand that some traders may not be greedy, but they have a long-term goal and are not in a hurry to take the small profit available until the maturity time they have set for themselves. In my opinion, traders who are merely adhering to an investment plan—which is also ideal for a trader—are not greedy.
-
Greediness is not what will make others to leave, instead they will always want to gamble the more and earn more, because they are interested in having fun and want to get it more often and earn more, but gambling isn't like that in some cases, because we don't know what it may turned to be at the end after which we have played the game we wanted to, some could manage to increase their chances for winning while some may not because they are not being greedy.
-
Greed will make people lose, if you already have a target of 10%, you should immediately sell and take the profits. but if you target 50-100% it depends on the coins you have, if it's a new coin or a meme coin, if you buy at the beginning it's possible you can achieve your target. but do your analysis well.
Greed and trading do not go together because greedy traders find it difficult to withdraw their profits because they are constantly seeking more profits. These traders constantly reinvest profits because they seem insignificant to them, and as a result, they lose nearly everything. Traders should not expect a large margin between capital and profit.
However, I understand that some traders may not be greedy, but they have a long-term goal and are not in a hurry to take the small profit available until the maturity time they have set for themselves. In my opinion, traders who are merely adhering to an investment plan—which is also ideal for a trader—are not greedy.
Everyone who invests in crypto must have a target and a plan, avoid greed because it will make us lose the opportunity to make a profit. Many people lose the opportunity to make a profit because they are greedy to get a bigger profit and this requires knowledge and experience in making decisions. If you make the wrong analysis and the market moves down, we will lose that opportunity.
-
Have been human nature with greedy exactly their trading position earn much profitable, but I have bad experienced with greedy make me loss all much profitable with altcoin holding. Must take the already profitable earn or if believing with coin get potential raise more higher price take profit around 50% of assets and left amount hold it.
Actually I won't make the same mistake any more after many coins losses much profitable with greedy and not take profit as soon possible when getting chance.
Get limitation amount for taking profit in trading or investing, if some one get greedy will blame for taking profit until their disappointed one day later after price returning down.
As a human being then the more the better and if we do see the opportunity on making money then we will really be diving into it even if it means that it does involved that more risks on which this is a normal approach as a trader. Its important that you do really know on what you've been dealing into so that at the time that you will be having such bad experiences then you do expect for these outcomes but its true that we should be able to control our self greed because this is what usually that makes us put up on bad situation due into this kind of situation but of course if you can take on the risks then go ahead and try it out because you wont be having any progress or opportunity on making money if you cant risks out on taking up such action.
-
Have been human nature with greedy exactly their trading position earn much profitable, but I have bad experienced with greedy make me loss all much profitable with altcoin holding. Must take the already profitable earn or if believing with coin get potential raise more higher price take profit around 50% of assets and left amount hold it.
Actually I won't make the same mistake any more after many coins losses much profitable with greedy and not take profit as soon possible when getting chance.
Get limitation amount for taking profit in trading or investing, if some one get greedy will blame for taking profit until their disappointed one day later after price returning down.
As a human being then the more the better and if we do see the opportunity on making money then we will really be diving into it even if it means that it does involved that more risks on which this is a normal approach as a trader. Its important that you do really know on what you've been dealing into so that at the time that you will be having such bad experiences then you do expect for these outcomes but its true that we should be able to control our self greed because this is what usually that makes us put up on bad situation due into this kind of situation but of course if you can take on the risks then go ahead and try it out because you wont be having any progress or opportunity on making money if you cant risks out on taking up such action.
It's just like this dude: as traders here in the crypto industry, it's not necessary that a trader should tradeEvery day, for me, it's just that you know how to enter the right opportunity, because there is the right timing in trading to get a profit.
Others, because they just do trading even though they don't have enough knowledge, but they still continue because greediness exists in their minds,
so in the end the result is no profit is obtained.
-
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
-
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
Lots of profits can never make you rich only money management can make you rich. When one trades, if he is greedy, no amount of profit can give him satisfaction because he will think of getting more. Because of which he will never be rich despite making profits because crypto is never stable. So any time you lose all your profits along with your own capital if you continue to hold more without getting satisfaction despite making profits. So learning money management is very important if you want to be financially strong.
-
Have been human nature with greedy exactly their trading position earn much profitable, but I have bad experienced with greedy make me loss all much profitable with altcoin holding. Must take the already profitable earn or if believing with coin get potential raise more higher price take profit around 50% of assets and left amount hold it.
Actually I won't make the same mistake any more after many coins losses much profitable with greedy and not take profit as soon possible when getting chance.
Get limitation amount for taking profit in trading or investing, if some one get greedy will blame for taking profit until their disappointed one day later after price returning down.
As a human being then the more the better and if we do see the opportunity on making money then we will really be diving into it even if it means that it does involved that more risks on which this is a normal approach as a trader. Its important that you do really know on what you've been dealing into so that at the time that you will be having such bad experiences then you do expect for these outcomes but its true that we should be able to control our self greed because this is what usually that makes us put up on bad situation due into this kind of situation but of course if you can take on the risks then go ahead and try it out because you wont be having any progress or opportunity on making money if you cant risks out on taking up such action.
There is no limit to what people want and get because they are never satisfied with their achievements. The more they get, the more their interest increases. That is why the first thing that should be given importance is control. Those who cannot control themselves will not be satisfied with the amount they achieve.
Among investors, there are many investors whose investment returns came but they held them for more returns at that time. But later they lost their investment. If someone cannot take the right decision at the right time, then there is a high chance of losing. I will not say that it is possible to get good results in investing in crypto without risk, but there must be a balance between the investment and the investor's expectations.
-
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
Everyone in investing must have their own satisfaction if what is targeted is achieved, for the short term I do not target much, only about 10% profit. but for the long term I target up to 30-40%. I think this is a reasonable target.
even though we have to wait a long time, but we must have a target that according to our analysis makes sense. because if it is too high we will be disappointed if it is not achieved.
-
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
Lots of profits can never make you rich only money management can make you rich. When one trades, if he is greedy, no amount of profit can give him satisfaction because he will think of getting more. Because of which he will never be rich despite making profits because crypto is never stable. So any time you lose all your profits along with your own capital if you continue to hold more without getting satisfaction despite making profits. So learning money management is very important if you want to be financially strong.
Learning financial management and always focusing allows us to make a profit, even though we sometimes lose with changes that are not in accordance with what we predicted because that's how the crypto market is very volatile. Greed will make us lose the opportunity to achieve the targets we want, and of course to get rich in crypto is not easy, it all takes a process.
-
Learning financial management and always focusing allows us to make a profit, even though we sometimes lose with changes that are not in accordance with what we predicted because that's how the crypto market is very volatile. Greed will make us lose the opportunity to achieve the targets we want, and of course to get rich in crypto is not easy, it all takes a process.
Mastering the financial management is a must, it is the fundamental in each investment field. In crypto, it is also needed because it will make us more secure in investment. Without good financial management, we may waste the profits and we can't optimize the funds in crypto investment. Moreover if we becomes greedy, we may use all the money for shitcoins. This may end up with a severe loss. So, we must divide the funds allocation for the crypto investment. it is a part of financial management.
-
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
Lots of profits can never make you rich only money management can make you rich. When one trades, if he is greedy, no amount of profit can give him satisfaction because he will think of getting more. Because of which he will never be rich despite making profits because crypto is never stable. So any time you lose all your profits along with your own capital if you continue to hold more without getting satisfaction despite making profits. So learning money management is very important if you want to be financially strong.
Taking any profit does not apply for me. It is not about greed. I would better be more selective what I purchase and be more confident in my purchase, than quickly grab any already earned profit. Tactics of being more cautious when buying and holding suits me better than buy randomly and sell as soon as I see first profit. When buying, I am already ok with considering that I have lost my money, so I give myself a little room to risk and to hold longer.
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
This may be a trading principle where you don't get greedy but learn to take what you can profit from and you don't get too greedy and give up. There are many traders who make good profits in their initial trading, but those traders end up losing money instead of making profits because they are overly greedy. All these traders must remember that trading is not about being overly greedy, but rather about taking a break from trading for a while after making the amount of profit you can.
-
Taking any profit does not apply for me. It is not about greed. I would better be more selective what I purchase and be more confident in my purchase, than quickly grab any already earned profit. Tactics of being more cautious when buying and holding suits me better than buy randomly and sell as soon as I see first profit. When buying, I am already ok with considering that I have lost my money, so I give myself a little room to risk and to hold longer.
The choice between sell and hold really depends on what coin is in the play, if it's bitcoin then we can say I am going to aim for more profits but if it's a coin that has been trending recently like a memecoin or NFT wave that gives very little room to make profit and crash down to zero so we need to be aware of what coins we hold and make decisions based on that.
-
Taking any profit does not apply for me. It is not about greed. I would better be more selective what I purchase and be more confident in my purchase, than quickly grab any already earned profit. Tactics of being more cautious when buying and holding suits me better than buy randomly and sell as soon as I see first profit. When buying, I am already ok with considering that I have lost my money, so I give myself a little room to risk and to hold longer.
The choice between sell and hold really depends on what coin is in the play, if it's bitcoin then we can say I am going to aim for more profits but if it's a coin that has been trending recently like a memecoin or NFT wave that gives very little room to make profit and crash down to zero so we need to be aware of what coins we hold and make decisions based on that.
Bitcoin's biggest ATH should happen in 2025 - after all of the bullish events that are anticipated are going to happen for real.
So regarding it - you should totally stick and hold it, it will make your position much better in the long run of this bull run.
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Greed is one problem but I think the major problem is lack of discipline
-
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
Well, that's it, friend. And every person or every trader has their own target which they have made according to the plan they made after making the analysis. Either technically or fundamentally. For medium-term traders, the minimum target is usually above 15%. but for day traders, whatever percentage it is, as long as it is profitable, they will usually take it. So yeah, it all depends on what we do in the short term or medium term.
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Your thoughts and feelings are right dude, actually, greed should not be allowed to enter our minds as a trader. As long as anyone is going to do trading activities in futures or derivatives, I think it is enough that you only do trading in bitcoin pairs and not in other altcoins.
Because the risk is really high and you will be liquidated quickly for sure if you do that, unless you are one of the trading experts,
you can do that though there is still a risk to it.
-
Have been human nature with greedy exactly their trading position earn much profitable, but I have bad experienced with greedy make me loss all much profitable with altcoin holding. Must take the already profitable earn or if believing with coin get potential raise more higher price take profit around 50% of assets and left amount hold it.
Actually I won't make the same mistake any more after many coins losses much profitable with greedy and not take profit as soon possible when getting chance.
Get limitation amount for taking profit in trading or investing, if some one get greedy will blame for taking profit until their disappointed one day later after price returning down.
As a human being then the more the better and if we do see the opportunity on making money then we will really be diving into it even if it means that it does involved that more risks on which this is a normal approach as a trader. Its important that you do really know on what you've been dealing into so that at the time that you will be having such bad experiences then you do expect for these outcomes but its true that we should be able to control our self greed because this is what usually that makes us put up on bad situation due into this kind of situation but of course if you can take on the risks then go ahead and try it out because you wont be having any progress or opportunity on making money if you cant risks out on taking up such action.
- Honestly, there are many opportunities here in the cryptocurrency industry. The only problem with other communities that enter the crypto space is that they think all crypto assets are good opportunities for them. In which is where they are wrong about that matter, in reality.
Of course, before we believe in such things, we should first do some research so that we have an idea of the cryptos that we see or hear on various social media platforms. That's why some people always say to always be vigilant as investors in which is true, not really.
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
i agree with you,you need to take any profit made,as you said greed is a bad habit that generate losses,in trading you must keep greed aside for you to have your chances of earning.
-
i agree with you,you need to take any profit made,as you said greed is a bad habit that generate losses,in trading you must keep greed aside for you to have your chances of earning.
Most definitely, I’ve come to understand that the reason why most traders often encounter countless losses in trading isn’t really because they don’t always see profits in their trades, but because they’re always very greedy by setting a very high profit margin and if their profits doesn’t get up to that point, they’ll refuse to take it, which is a very bad habit, regardless of how small, there are situations that you need to just take the profit you’re seeing at that point and exit the market, maybe you can take your time to analyze and place another trade again, this manages to reduce and mitigate your losses while also increasing your profits.
-
I agree with you,you need to take any profit made,as you said greed is a bad habit that generate losses,in trading you must keep greed aside for you to have your chances of earning.
Everything that has to do with trading is risky, whether cryptocurrency trading or commodities trading, stocks trading and so on. And it (trading) can result in significant losses, and that is why many professional traders advise against reckless trading and warn people against the dangers of greediness, especially for newbies. Who started trading with the aim of making a huge amount of profit.
-
- There is really nothing to worry about if we only use a demo account because the balance we have in the demo account will not be real money. But it is very different when you are trading with real money either bitcoin or cryptocurrency. compared to the demo account.
I also tried that, I thought that in the demo it would be the same as what you can do in actual trade in futures or spot, but it turns out it is not, because it is really different when it comes to actual trade, in theory versus experience.
-
Everything that has to do with trading is risky, whether cryptocurrency trading or commodities trading, stocks trading and so on. And it (trading) can result in significant losses, and that is why many professional traders advise against reckless trading and warn people against the dangers of greediness, especially for newbies. Who started trading with the aim of making a huge amount of profit.
Most of the newbies face this kind of loss because they get confused by hearing about making money from trading from strangers. Successful traders are always one step ahead of other traders. And the real reason behind this is some special habits they have adopted and wasted a lot of time and money. So a new trader will never make a profit if he follows him.
New traders are more concerned about which direction the market will go or how much profit or loss they will make after taking a trade. They are out of our hands and there is no use in thinking about them. Instead, focusing on these useless issues increases the chance of making mistakes in the actual trading proces.
-
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Like I told someone recently it is better for you to take profit and then regret not taking all the profit but have some than not to take profit at all and then regret not even taking some.
This is also applicable to meme coins.
-
- Honestly, there are many opportunities here in the cryptocurrency industry. The only problem with other communities that enter the crypto space is that they think all crypto assets are good opportunities for them. In which is where they are wrong about that matter, in reality.
Of course, before we believe in such things, we should first do some research so that we have an idea of the cryptos that we see or hear on various social media platforms. That's why some people always say to always be vigilant as investors in which is true, not really.
For newcomers to Crypto who previously had experience in the stock market then they might be fine when it comes to the crypto market. because stock traders also understand high risks and how to make comprehensive analysis both fundamentally and technically. But the problem comes from those who are completely new to investing and enter directly into the crypto market which is full of high fluctuations. And yes, many people misunderstand and think most coins are good. even though everything can be said to be good or not after we go through the fundamental analysis stage, and beginners sometimes don't know this.
-
As a beginner who hasn't mastered something they are new to, it's nice to come up with the idea to test your learning skills from time to time to check whether you will fall into the trap of getting it wrong or right.
Trading is what most traders find it hard not to fall greedy to. I like how you started with a demo account, to check your capabilities in trading, whether you will be carried away by greed or not. Some people don't start with having a demo account on trading; they start to trade like that, making themselves vulnerable to trading with greed. When they lose to trading, they complain to the whole world about having lost huge money on crypto trading, forgetting that they once earned from trading but because of greed, they lose everything.
-
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Demo accounts have no better emotional power because usually there is no sense of ownership at all.. usually demo account users will have different habits from users who use real money.. there are some people who are wrong in responding to the demo account...
Greedy habits are always interesting, but in the end they still regret... several times I have experienced this.. maybe the main trigger is a lack of self-awareness or maybe revenge... the revenge I mean is an example like this... someone previously sold with a small profit, but suddenly a few hours later the price chart actually went up, and he missed a bigger profit in a matter of hours.... then he tried to hold longer on other trading in the hope of getting maximum profit... even though the price movement is not always the same...
-
As a beginner who hasn't mastered something they are new to, it's nice to come up with the idea to test your learning skills from time to time to check whether you will fall into the trap of getting it wrong or right.
Trading is what most traders find it hard not to fall greedy to. I like how you started with a demo account, to check your capabilities in trading, whether you will be carried away by greed or not. Some people don't start with having a demo account on trading; they start to trade like that, making themselves vulnerable to trading with greed. When they lose to trading, they complain to the whole world about having lost huge money on crypto trading, forgetting that they once earned from trading but because of greed, they lose everything.
Practising in something new also helps us to discover how far preparing ourselves before actually getting involved in it. One of them is if they can try the trading currency freely without having to spend a single penny and this option is common in trading. Each move in trading always has implication and becoming aware of our attitude and response towards different scenarios will help us understand how to deal with risks in the future. It is not always easy to be all-prepared from the very beginning but learning some common pitfalls will prevent making hasty actions. We always have the chance to take further measures by working even better in elaborating our strategies in order to prevent our actions to be devastated by our emotions.
-
Indeed, in crypto trading, what often happens is that dissatisfaction makes us lose the opportunity to take advantage. The price has gone up but we don't sell the coins but just keep waiting for the price to go up, and the opportunity is lost when the price goes down and doesn't go up again for a long time.
-
Demo accounts have no better emotional power because usually there is no sense of ownership at all.. usually demo account users will have different habits from users who use real money.. there are some people who are wrong in responding to the demo account...
Greedy habits are always interesting, but in the end they still regret... several times I have experienced this.. maybe the main trigger is a lack of self-awareness or maybe revenge... the revenge I mean is an example like this... someone previously sold with a small profit, but suddenly a few hours later the price chart actually went up, and he missed a bigger profit in a matter of hours.... then he tried to hold longer on other trading in the hope of getting maximum profit... even though the price movement is not always the same...
I do totally understand what you mean mate. It’s true that some traders when using a demo account often don’t take things as serious as when they use a real account. Ordinarily, there are those who do not know how to manage their emotions when trading, and even when trading with real accounts, you’ll still see the same mismanagement attitude, and there are still those who, even with demo accounts, would trade and treat it like it were real money, so I believe it depends solely on the trader’s mindset and approach.
-
Indeed, in crypto trading, what often happens is that dissatisfaction makes us lose the opportunity to take advantage. The price has gone up but we don't sell the coins but just keep waiting for the price to go up, and the opportunity is lost when the price goes down and doesn't go up again for a long time.
That's why we put take profits while we go into the positions ;) Otherwise, we may be tempted into not selling at all.
-
Indeed, in crypto trading, what often happens is that dissatisfaction makes us lose the opportunity to take advantage. The price has gone up but we don't sell the coins but just keep waiting for the price to go up, and the opportunity is lost when the price goes down and doesn't go up again for a long time.
That's why we put take profits while we go into the positions ;) Otherwise, we may be tempted into not selling at all.
Even with Tp some traders don’t stick to their strategies, after seeing market moving in a very bullish trend they can intend to modify their strategies and take Tp even much higher than the previous one. So having a good strategy and sticking to you plan will make a very good profit for you.
So I guess we should try and stick to our plan and make a good profitable trade and moreover don’t let greed keep you off the profit don’t be to greedy stick to your plan.
-
Indeed, in crypto trading, what often happens is that dissatisfaction makes us lose the opportunity to take advantage. The price has gone up but we don't sell the coins but just keep waiting for the price to go up, and the opportunity is lost when the price goes down and doesn't go up again for a long time.
That's why we put take profits while we go into the positions ;) Otherwise, we may be tempted into not selling at all.
If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.
-
If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.
It should also be based on the strategy to be carried out, as it is not easy to make trades that are frequent enough or can be said to be a scalping method by taking advantage of each price fluctuation to profit little by little.
Those who are too greedy are indeed only targeting big profits without seeing whether it will risk for bigger losses or even have no value at all.
-
If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.
It should also be based on the strategy to be carried out, as it is not easy to make trades that are frequent enough or can be said to be a scalping method by taking advantage of each price fluctuation to profit little by little.
Those who are too greedy are indeed only targeting big profits without seeing whether it will risk for bigger losses or even have no value at all.
Well, if you can afford to lose that capital that you have in trading then you can be greedy at some point. After all, being greedy is always a part of ourselves as human beings.
I agree though that having a strategy and not relying on your emotions is a good approach because like you said, it's not easy to make trades, and I already experienced that myself. I also experienced many mistakes already in trading. Revenge trading, trading without any strategy, trading basing on what I feel, etc. It ended up badly for me. Being greedy is bad, but in rare occasions, being greedy can be a good thing... only if you made money from that trade. :D
-
If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.
It should also be based on the strategy to be carried out, as it is not easy to make trades that are frequent enough or can be said to be a scalping method by taking advantage of each price fluctuation to profit little by little.
Those who are too greedy are indeed only targeting big profits without seeing whether it will risk for bigger losses or even have no value at all.
Well, if you can afford to lose that capital that you have in trading then you can be greedy at some point. After all, being greedy is always a part of ourselves as human beings.
I agree though that having a strategy and not relying on your emotions is a good approach because like you said, it's not easy to make trades, and I already experienced that myself. I also experienced many mistakes already in trading. Revenge trading, trading without any strategy, trading basing on what I feel, etc. It ended up badly for me. Being greedy is bad, but in rare occasions, being greedy can be a good thing... only if you made money from that trade. :D
In trading we must focus on making analysis and strategies, avoid revenge trading because it certainly does not use the right analysis because it uses emotions. Avoid bad emotions such as greed because it will make us lose opportunities and not in accordance with the initial target and plan.
-
If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.
Expectations should stay at bay, they should correspond to the real picture on the market. So when we see our targets reached - we don't press on, we take what we deserve.
-
Well, if you can afford to lose that capital that you have in trading then you can be greedy at some point. After all, being greedy is always a part of ourselves as human beings.
I agree though that having a strategy and not relying on your emotions is a good approach because like you said, it's not easy to make trades, and I already experienced that myself. I also experienced many mistakes already in trading. Revenge trading, trading without any strategy, trading basing on what I feel, etc. It ended up badly for me. Being greedy is bad, but in rare occasions, being greedy can be a good thing... only if you made money from that trade. :D
It will always be part of human nature but everyone will have their own level of greed.
Greed that causes more losses needs to be well controlled, because that will be the way to spend all the money.
Revenge trading, trading without a strategy and the like is just a trading journey to get better at trading.
The tone needs to find the right rhythm and a method that really suits you.
It's not just about greed but how to control trades to get more profits
-
If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.
Expectations should stay at bay, they should correspond to the real picture on the market. So when we see our targets reached - we don't press on, we take what we deserve.
When we invest in a currency, we invest thinking that we can get a good benefit from this currency. Yes, of course, we who are small traders have it in our heads that if we make a little profit from it, we will lower our investment currency and we do not have this in our mind that we will hold it for a long time and have a chance to succeed from it. But if we see our older brothers, if they hold a currency, they do it for a long time. So that they can succeed from this currency, they have this in their mind. So I would say that if we hold a currency for a long time according to our ability, then we will have a chance to succeed..
-
Well, if you can afford to lose that capital that you have in trading then you can be greedy at some point. After all, being greedy is always a part of ourselves as human beings.
I agree though that having a strategy and not relying on your emotions is a good approach because like you said, it's not easy to make trades, and I already experienced that myself. I also experienced many mistakes already in trading. Revenge trading, trading without any strategy, trading basing on what I feel, etc. It ended up badly for me. Being greedy is bad, but in rare occasions, being greedy can be a good thing... only if you made money from that trade. :D
It will always be part of human nature but everyone will have their own level of greed.
Greed that causes more losses needs to be well controlled, because that will be the way to spend all the money.
Revenge trading, trading without a strategy and the like is just a trading journey to get better at trading.
The tone needs to find the right rhythm and a method that really suits you.
It's not just about greed but how to control trades to get more profits
Greed because we know it can enter our minds, I mean it doesn't choose anyone as long as we let it control our thoughts, we are sure that we are not aware
that we are under control of greediness.
That's why it won't disappear no matter where we go, that's why our emotions we must be able to control it ourselves and use it correctly so that in the end we won't be the one affected.
-
Greed because we know it can enter our minds, I mean it doesn't choose anyone as long as we let it control our thoughts, we are sure that we are not aware
that we are under control of greediness.
-snip-
When greed is under control you can find it difficult to understand how to stop it.
Everyone does have their level of greed, but if it is allowed to continue, it will have an even worse impact.
I may initially be a trader and investor who is too panicked and sometimes greed comes in when the price target is reached and still wants the price higher, it will be a problem in the end when a market reversal happens so there will be more losses due to greed.
-
Yes, this is the best advice, only take the benefits, the profits that you get, and always operate with a balance that you are willing to lose, it is very Similar to when you play in a casino, you only have to risk the money that you are willing to lose, and nothing more.
To achieve that you have to have a good plan, a plan that follows the letter without breaking it, I think that is the biggest secret, but to get there you have to take it as it is, and follow your own rules.
-
Greed because we know it can enter our minds, I mean it doesn't choose anyone as long as we let it control our thoughts, we are sure that we are not aware
that we are under control of greediness.
-snip-
When greed is under control you can find it difficult to understand how to stop it.
Everyone does have their level of greed, but if it is allowed to continue, it will have an even worse impact.
I may initially be a trader and investor who is too panicked and sometimes greed comes in when the price target is reached and still wants the price higher, it will be a problem in the end when a market reversal happens so there will be more losses due to greed.
I used to have bad emotions, panic and greed when I first invested in crypto. Wanting to sell at a higher price without proper analysis and strategy so I experienced many losses. Finally, experience makes us remain calm and always consistent with the plans and strategies that we have set at the beginning. that's a common thing when we first get to know investing in crypto.
-
I used to have bad emotions, panic and greed when I first invested in crypto. Wanting to sell at a higher price without proper analysis and strategy so I experienced many losses. Finally, experience makes us remain calm and always consistent with the plans and strategies that we have set at the beginning. that's a common thing when we first get to know investing in crypto.
Me too, it seems like there are many people like this. and this is a natural thing when you are just starting to play in crypto. it's just that, it will be different when we have felt it and we know what we can take from evaluating these mistakes, experiences, and also the next steps. It is also gradual, improving and evaluating yourself, strategy, and increasing knowledge about crypto. this is indeed quite complicated, but that's what happens. The main thing is that we have been changing and we are now much better than what we have done in the past, that probably make us lost some money at first
-
Greed because we know it can enter our minds, I mean it doesn't choose anyone as long as we let it control our thoughts, we are sure that we are not aware
that we are under control of greediness.
-snip-
When greed is under control you can find it difficult to understand how to stop it.
Everyone does have their level of greed, but if it is allowed to continue, it will have an even worse impact.
I may initially be a trader and investor who is too panicked and sometimes greed comes in when the price target is reached and still wants the price higher, it will be a problem in the end when a market reversal happens so there will be more losses due to greed.
I used to have bad emotions, panic and greed when I first invested in crypto. Wanting to sell at a higher price without proper analysis and strategy so I experienced many losses. Finally, experience makes us remain calm and always consistent with the plans and strategies that we have set at the beginning. that's a common thing when we first get to know investing in crypto.
When we come to crypto as a newbie, we think that this crypto world is very easy. But when we come to investing and start investing slowly, we feel when it will increase and when we will be able to make a profit. But what we think is the opposite of the market, if we go towards growth like this, we see that it is coming towards coma, and when we think it will decrease, it goes towards growth, so we face losses again and again. And later when we lose, when we bring the market into our hands, we get an idea about the market, experience, then we can make a profit, slowly when we become deeply attracted to crypto, we do not feel that we are successful here. But initially when we come to the market, we think that if we can gain a little experience, then we will be successful.
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Controlling emotion and greed when trading is very important, and you having a feeling of taking caution on your demo account, despite it's not your real capital or trading account is vital, which can help in situations of such when using your real account.
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Taking profit is the very best way to stay out of the market reversal, which could wipe out one's entire capital. But knowing how to use TAKE PROFITS and STOP LOSS can be a very helping tool. This will help one to reduce the rate of losses when trading, and at every profit taking point, if there be the presences of greed, adjust both tools to secure profits and manage losses even in the presence of greed.
-
If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.
It can be seen from the character of the current trader with small capital, but if he comes with large capital, the percentage of profit will be set small and logical. the security and stability of the investment required and after calculating the average per year of trading or investment, the figure was included in his initial investment planning plan and even more than he had expected.
-
Taking profit is the very best way to stay out of the market reversal, which could wipe out one's entire capital. But knowing how to use TAKE PROFITS and STOP LOSS can be a very helping tool. This will help one to reduce the rate of losses when trading, and at every profit taking point, if there be the presences of greed, adjust both tools to secure profits and manage losses even in the presence of greed.
Most of the times, it’s not as if the traders actually intend to involve greed from the onset while trading, some traders don’t even know when greed sets in, they only get to realize it when they’ve eventually secured quite a significant amount of loss for themselves as a result of greed, that’s when they only get to realize that it was due to their greed. So to salvage this situation, just as you tightly suggested, it’s important to know and prioritize using the TP and SL features while trading because most times, our emotions can play tricks on us and we may not be able to manually cut our losses or take profits when we see them.
-
-snip-
Finally, experience makes us remain calm and always consistent with the plans and strategies that we have set at the beginning. that's a common thing when we first get to know investing in crypto.
Experience is very important and it is a process that will shape a person to be able to survive various kinds of problems that will occur in trading.
It is not easy, but all of it needs to be lived and learned.
I myself started from the bottom and was completely blind to investing and trading,
but I started to learn slowly on my own and I know how the crypto market works.
-
-snip-
Finally, experience makes us remain calm and always consistent with the plans and strategies that we have set at the beginning. that's a common thing when we first get to know investing in crypto.
Experience is very important and it is a process that will shape a person to be able to survive various kinds of problems that will occur in trading.
It is not easy, but all of it needs to be lived and learned.
I myself started from the bottom and was completely blind to investing and trading,
but I started to learn slowly on my own and I know how the crypto market works.
Indeed, every step that exists in the world of trading involves some or the other experiences which make a person all the more knowledgeable about the market. From the very beginning, nobody was born talented in all those aspects and the process of learning is a part of it. Beginning with nothing and then trying to figure it out on your own is a step that I can demonstrate good will and determination. As always, the more we learn, the more elasticity we get with respect to the different opportunities in the crypto market. It’s not always going to be easy but if we could be consistent we will see some outcome at some point. The best thing is to always learn to change and keep on practising so that we get better in making decision.
-
Experience is very important and it is a process that will shape a person to be able to survive various kinds of problems that will occur in trading.
It is not easy, but all of it needs to be lived and learned.
I myself started from the bottom and was completely blind to investing and trading,
but I started to learn slowly on my own and I know how the crypto market works.
Absolutely, experience is very important in investment or in trading. Without experience, we may be unable to determine the right strategy. Of course, experience can't be obtained instantly, it takes process for years. Solving problems and facing the obstacles are the ways to gain experience. But we must survive if we want to have enough experience.
Everyone started from newbie level, brother. So, we all learn slowly and we may experienced many obstacles as well.
-
Success in trade requires se level of greed, traders who have made it very big today we're once greedy as they ignored warning signs and were ready to face what ever consequences emanating from their decision but at the end it paid off
-
I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
Of course, greed always becomes the obstacle to succeed in trading. If we always feel greedy, we probably will end up with sever losses and missed the chance to gain good profits. I have experienced it several time, I failed to get good profits because I became too greedy. Sure, if we are in the right way to take profits around $100-$500, it is better to decide taking profits. There is no guarantee that we can get higher profits.
Well I agree with you, what I deduced from your coment is the importance of discipline. Discipline is key and traders should learn to exit the market when the ovation is still very much High
-
Success in trade requires se level of greed, traders who have made it very big today we're once greedy as they ignored warning signs and were ready to face what ever consequences emanating from their decision but at the end it paid off
Greediness is really a bad attitude in trading, a lot traders do really have this greed and with time some separated from it while some get more attached to it which lead to a lot of loss. Avoiding greed and taking little profit you made will really keep your capital going rather than being greedy and ending up in loss.
Many new traders do really have these attitude of greed and it really doesn’t pay off well, sometimes it turns out well while most times it results into loss. Discipline will keep you growing and consistency will also keep you growing and going. so sticking to a schedule will bring a lot out for you and you will be successful.
-
Success in trade requires se level of greed, traders who have made it very big today we're once greedy as they ignored warning signs and were ready to face what ever consequences emanating from their decision but at the end it paid off
Greediness is really a bad attitude in trading, a lot traders do really have this greed and with time some separated from it while some get more attached to it which lead to a lot of loss. Avoiding greed and taking little profit you made will really keep your capital going rather than being greedy and ending up in loss.
Many new traders do really have these attitude of greed and it really doesn’t pay off well, sometimes it turns out well while most times it results into loss. Discipline will keep you growing and consistency will also keep you growing and going. so sticking to a schedule will bring a lot out for you and you will be successful.
your suggestion is quite good, because in trading we must be consistent and in accordance with the targets that we have determined. do not be greedy because it can eliminate the opportunity to gain profit.
We must have the right plan and strategy and not be greedy.
-
Well I agree with you, what I deduced from your coment is the importance of discipline. Discipline is key and traders should learn to exit the market when the ovation is still very much High
I believe the major reason why most investors or traders fail to realize and acknowledge when the time is right to exit the market aid often due to greed. Greed can make one miss several opportunities all because they’re trying to aim for the larger profit. Trading is full of uncertainty and unpredictability, and that’s why it’s important to take whatever profit one sees at that moment, rather than waiting for an expectation that they are not even sure of.
-
Well I agree with you, what I deduced from your coment is the importance of discipline. Discipline is key and traders should learn to exit the market when the ovation is still very much High
I believe the major reason why most investors or traders fail to realize and acknowledge when the time is right to exit the market aid often due to greed. Greed can make one miss several opportunities all because they’re trying to aim for the larger profit. Trading is full of uncertainty and unpredictability, and that’s why it’s important to take whatever profit one sees at that moment, rather than waiting for an expectation that they are not even sure of.
Indeed. That's the reason why I used to always lose in trading because my tp is very far, so instead of making profit, I lost money. So our tp area should be realistic, not too far because the price may just return to our stop-loss. Because the market is very unpredictable, we don't know what will happen to the price in the next few hours, so the best thing to do is to take a profit in an area where the price usually go such as demand and supply, fvg's, or swing points.
-
Indeed. That's the reason why I used to always lose in trading because my tp is very far, so instead of making profit, I lost money. So our tp area should be realistic, not too far because the price may just return to our stop-loss. Because the market is very unpredictable, we don't know what will happen to the price in the next few hours, so the best thing to do is to take a profit in an area where the price usually go such as demand and supply, fvg's, or swing points.
It is good to have realistic expectations when trading or getting involved with any kind of investment, because when people set unrealistic expectations for their investments, it gives room for greed, because if the target is not met, they’ll refuse to take their profits. Just like you’ve stated, it’s important to take profit when you see it rather than waiting till you make 1000x before you take cos you might end up losing every single thing.
-
It is good to have realistic expectations when trading or getting involved with any kind of investment, because when people set unrealistic expectations for their investments, it gives room for greed, because if the target is not met, they’ll refuse to take their profits. Just like you’ve stated, it’s important to take profit when you see it rather than waiting till you make 1000x before you take cos you might end up losing every single thing.
You takes my words, that we must can expect the profit from the investment but we have to also agree with that we shouldn't expect anything unrealistic and if we do that then we should understand that time we were doing the gamble not the trading or investing.
I have seen lot's of people's who have high greed level and most of them when they goes for the crypto investment something like unrealistic back they all lose their all fund from there.
-
You takes my words, that we must can expect the profit from the investment but we have to also agree with that we shouldn't expect anything unrealistic and if we do that then we should understand that time we were doing the gamble not the trading or investing.
I have seen lot's of people's who have high greed level and most of them when they goes for the crypto investment something like unrealistic back they all lose their all fund from there.
Although we can’t deny the reality that sometimes greed can actually pay off in investments, but this isn’t always the case. It’s just like playing the lottery, you could play a hundred times and still haven’t won a single one, that’s how it is with taking way too much risks in investments, yes when/if it actually pays off, you’ll make some pretty great profits, but this form of seeking profit is dangerous and could make you lose more than you anticipated or even make you lose all your assets.
-
You takes my words, that we must can expect the profit from the investment but we have to also agree with that we shouldn't expect anything unrealistic and if we do that then we should understand that time we were doing the gamble not the trading or investing.
I have seen lot's of people's who have high greed level and most of them when they goes for the crypto investment something like unrealistic back they all lose their all fund from there.
To make a profit is to be consistent and cold toward what you do.
So greed is not an option there - only your target should be your priority to work towards.
-
Although we can’t deny the reality that sometimes greed can actually pay off in investments, but this isn’t always the case. It’s just like playing the lottery, you could play a hundred times and still haven’t won a single one, that’s how it is with taking way too much risks in investments, yes when/if it actually pays off, you’ll make some pretty great profits, but this form of seeking profit is dangerous and could make you lose more than you anticipated or even make you lose all your assets.
Yeap, I have also face this situation and also have seen many professional traders who were doing trading for the years they also made big mistakes in trading and the causes of the mistakes is only they were in greed. Like I saw many professional trader made big investment on the luna coin when it crashing and as well see some doing future trade.
I will say most of them were in greed and for the greed they don't even do the good analysis before making the investment. So we have to stay aways from greed specially when we were in trading or investing in crypto.
-
-snip-
It’s not always going to be easy but if we could be consistent we will see some outcome at some point. The best thing is to always learn to change and keep on practising so that we get better in making decision.
Being consistent is very difficult because some people will stop when they keep failing without getting any results, the strategies used always fail.
Even though it is part of the process that will make anyone better, understand how trading works so that psychologically they are quite ready and only improve how the analysis is done so that profits can also be obtained.
Everyone started from newbie level, brother. So, we all learn slowly and we may experienced many obstacles as well.
Obstacles will be a challenge that needs to be broken through so that our trade level becomes higher.
If you don't try to break through these boundaries, it's meaningless.
Starting from a beginner and learning slowly with consistency and confidence then there will be some improvements that will make you end up profiting.
-
To make a profit is to be consistent and cold toward what you do.
So greed is not an option there - only your target should be your priority to work towards.
Yes, this is a fact, things will always be seen well when one Leaves greed aside, greed is the mother of all bad things, only when it appears we do not even realize it , because it is seen as a positive desire, but that somehow corrupts our logic, that is why always before Making any move in the game we must set these, as soon as we have some profit or more just throw them away, even if it is little, but do not fall into the fact that you must win too much.
-
I will say most of them were in greed and for the greed they don't even do the good analysis before making the investment. So we have to stay aways from greed specially when we were in trading or investing in crypto.
Yeah when you allow greed get the best part of you when trading, what it does is that, it’ll block your rational thinking and also block your ability to come up with a reasonable solution to a situation, it also gives you an impaired judgment, making it hard for you to take profits even when you see them, you might at that moment think about how much you’ve lost in trading and then the first thing that’ll pop into your mind is recovering all those losses through that single trade, so you’ll allow the trade and hope that you hit a 100x.
-
Expectations should stay at bay, they should correspond to the real picture on the market. So when we see our targets reached - we don't press on, we take what we deserve.
As traders we must be smart, just take the profit even though it is not much. let it be small if we can do it repeatedly later the amount will be large. But it is difficult to apply, unless we are really experienced in this cryptocurrency trading.
-
Expectations should stay at bay, they should correspond to the real picture on the market. So when we see our targets reached - we don't press on, we take what we deserve.
As traders we must be smart, just take the profit even though it is not much. let it be small if we can do it repeatedly later the amount will be large. But it is difficult to apply, unless we are really experienced in this cryptocurrency trading.
Easy to say but it will really be that hard when you are on such situation on which it will be that a huge issue for most people is that on the time or moment that you are really that on profitable moment , then the primary thing that comes up into your mind is on how to make even more profits. Contentment is something that will really be that a huge issue for us traders or investors on which we are really that wanting or aiming for something more. Getting contented is hard because the moment that you are making money then you are asking for more, that a common human being nature on wanting to have more money and thats not shocking.
-
[quote author=Dr.Bitcoin_Strange link=topic=315770.msg1718319#msg1718319 date=1739857347
you might at that moment think about how much you’ve lost in trading and then the first thing that’ll pop into your mind is recovering all those losses through that single trade, so you’ll allow the trade and hope that you hit a 100x.
[/quote]
I think these types of thinking should be always avoid. Becuase, when you would thinking like this you are doing the same mistakes what you do behind and get loss.
So we have be in the reality and when we come on the reality trading is not quick rich scheme here lots of think work at together like the technical analysis, fundamental analysis and Understanding the market psychology then we get the success in the trading.
And here we have to learn from our mistakes and shouldn't do that again because chasing loss recover by hoping 100x in a trading it is something unrealistic and also like gambling.
-
I think these types of thinking should be always avoid. Becuase, when you would thinking like this you are doing the same mistakes what you do behind and get loss.
So we have be in the reality and when we come on the reality trading is not quick rich scheme here lots of think work at together like the technical analysis, fundamental analysis and Understanding the market psychology then we get the success in the trading.
And here we have to learn from our mistakes and shouldn't do that again because chasing loss recover by hoping 100x in a trading it is something unrealistic and also like gambling.
The only way I believe such mindset could be avoided from affecting the trader’s attitude in trading is when they learn to completely set greet aside and learn to effectively make use of their TP and SL features when trading. Trading ordinarily involves lots of risks and a trade that’s giving one profits right now could switch in seconds and one may start experiencing losses, so to avoid situations where one will end up losing everything in the twinkle of the eye, it’s important to completely eliminate greed first and then employ a strategy that suits well with their personal financial goals.
-
I think these types of thinking should be always avoid. Becuase, when you would thinking like this you are doing the same mistakes what you do behind and get loss.
So we have be in the reality and when we come on the reality trading is not quick rich scheme here lots of think work at together like the technical analysis, fundamental analysis and Understanding the market psychology then we get the success in the trading.
And here we have to learn from our mistakes and shouldn't do that again because chasing loss recover by hoping 100x in a trading it is something unrealistic and also like gambling.
The only way I believe such mindset could be avoided from affecting the trader’s attitude in trading is when they learn to completely set greet aside and learn to effectively make use of their TP and SL features when trading. Trading ordinarily involves lots of risks and a trade that’s giving one profits right now could switch in seconds and one may start experiencing losses, so to avoid situations where one will end up losing everything in the twinkle of the eye, it’s important to completely eliminate greed first and then employ a strategy that suits well with their personal financial goals.
I don't think greed is the one to be avoided in order to prevent liquidations of your port. Greed is cause by emotions and sometimes we just didn't notice that our trades are influenced by greed. So if we have that, we expect that our trades is not so effective and there's high chance we will lose that trade. I believe that the key to avoid liquidations of your port is the risk management. Always apply risk management to survive in the long run prevent those situation.
-
I think these types of thinking should be always avoid. Becuase, when you would thinking like this you are doing the same mistakes what you do behind and get loss.
So we have be in the reality and when we come on the reality trading is not quick rich scheme here lots of think work at together like the technical analysis, fundamental analysis and Understanding the market psychology then we get the success in the trading.
And here we have to learn from our mistakes and shouldn't do that again because chasing loss recover by hoping 100x in a trading it is something unrealistic and also like gambling.
The only way I believe such mindset could be avoided from affecting the trader’s attitude in trading is when they learn to completely set greet aside and learn to effectively make use of their TP and SL features when trading. Trading ordinarily involves lots of risks and a trade that’s giving one profits right now could switch in seconds and one may start experiencing losses, so to avoid situations where one will end up losing everything in the twinkle of the eye, it’s important to completely eliminate greed first and then employ a strategy that suits well with their personal financial goals.
I don't think greed is the one to be avoided in order to prevent liquidations of your port. Greed is cause by emotions and sometimes we just didn't notice that our trades are influenced by greed. So if we have that, we expect that our trades is not so effective and there's high chance we will lose that trade. I believe that the key to avoid liquidations of your port is the risk management. Always apply risk management to survive in the long run prevent those situation.
I think we should get a lot of training before we come to trading and we should consider the market well. Because after we come to trading, we don't have that in mind that we won't be able to make a profit here or we will lose. We have to trade based on complete knowledge. We have to trust ourselves that if I invest here for the long term and invest in a currency, I will definitely try to do it for the long term. There is no loss in learning anything in this world of crypto currency, and we should start training by bringing the entire market under our control.
-
The only way I believe such mindset could be avoided from affecting the trader’s attitude in trading is when they learn to completely set greet aside and learn to effectively make use of their TP and SL features when trading. Trading ordinarily involves lots of risks and a trade that’s giving one profits right now could switch in seconds and one may start experiencing losses, so to avoid situations where one will end up losing everything in the twinkle of the eye, it’s important to completely eliminate greed first and then employ a strategy that suits well with their personal financial goals.
In this regard I want to say that few months ago I saw a interview of a professional and successful trader where he said like this in the first time if you have only five percent of profit of your whole fund in a month it's means a lot, he also said that their mentor said that 5% profit in the first time in a month when you have doing trading that's means you are professional trader.
So our thinking about the trading we will make 100%,200% profit on trading should be change first then we should get jump for trading.
-
Expectations should stay at bay, they should correspond to the real picture on the market. So when we see our targets reached - we don't press on, we take what we deserve.
As traders we must be smart, just take the profit even though it is not much. let it be small if we can do it repeatedly later the amount will be large. But it is difficult to apply, unless we are really experienced in this cryptocurrency trading.
I fully agree with you, accumulating profits little by little will definitely be a big bag one day and rather than being greedy and let the profits slip off your hand and end up in loss. Gradually we will surely reach the sky with big profits, New traders are always looking for a big profits at a one time trade they took a day and if you are looking for profit that way you will end up blowing the account and end up with nothing.
Professional traders have a lot of experience and a lot of capital that why they keep on chasing the big profits but as a new trader accumulate the little you have and hold on to it, time will surely tell after you also have the knowledge to take big gains.
-
The only way I believe such mindset could be avoided from affecting the trader’s attitude in trading is when they learn to completely set greet aside and learn to effectively make use of their TP and SL features when trading. Trading ordinarily involves lots of risks and a trade that’s giving one profits right now could switch in seconds and one may start experiencing losses, so to avoid situations where one will end up losing everything in the twinkle of the eye, it’s important to completely eliminate greed first and then employ a strategy that suits well with their personal financial goals.
In this regard I want to say that few months ago I saw a interview of a professional and successful trader where he said like this in the first time if you have only five percent of profit of your whole fund in a month it's means a lot, he also said that their mentor said that 5% profit in the first time in a month when you have doing trading that's means you are professional trader.
So our thinking about the trading we will make 100%,200% profit on trading should be change first then we should get jump for trading.
In learning trading, at the beginning when we are still learning about the analysis and strategies that we will use, it is better not to target too high. 5 % is a reasonable number for beginners. but after we have expertise in trading, maybe we can get bigger profits, everyone needs to learn.
-
In learning trading, at the beginning when we are still learning about the analysis and strategies that we will use, it is better not to target too high. 5 % is a reasonable number for beginners. but after we have expertise in trading, maybe we can get bigger profits, everyone needs to learn.
Moreover, I believe that when your expectation will not much then your loss amount will also not be so much and this will helps a beginner to stay focus on trading.
Otherwise if a beginners will expect a lot in the beginning then there will be also chances of big losses and if that happened then maybe that beginner trader will lose hope from the trading and will take retire in the middle time.
-
I don't think greed is the one to be avoided in order to prevent liquidations of your port. Greed is cause by emotions and sometimes we just didn't notice that our trades are influenced by greed. So if we have that, we expect that our trades is not so effective and there's high chance we will lose that trade. I believe that the key to avoid liquidations of your port is the risk management. Always apply risk management to survive in the long run prevent those situation.
My response to that is No No No, greedy is a very big problem in trading, gambling or anything that involves wagering money, and it should be quickly addressed. It’s true that greed is an natural emotion that everybody feels but these natural emotions could spiral into something that turn out to be a problem for us if not tackled early and quickly.
-
I don't think greed is the one to be avoided in order to prevent liquidations of your port. Greed is cause by emotions and sometimes we just didn't notice that our trades are influenced by greed. So if we have that, we expect that our trades is not so effective and there's high chance we will lose that trade. I believe that the key to avoid liquidations of your port is the risk management. Always apply risk management to survive in the long run prevent those situation.
My response to that is No No No, greedy is a very big problem in trading, gambling or anything that involves wagering money, and it should be quickly addressed. It’s true that greed is an natural emotion that everybody feels but these natural emotions could spiral into something that turn out to be a problem for us if not tackled early and quickly.
No matter how much we say, greed is something that can destroy people in their prime. We have to constantly try to avoid greed and not indulge in greed, yes brother, you said greed is a real emotion, sometimes its emotion destroys people. Especially our addiction to gambling and trading is a little more. We come to trading after leaving gambling, here we invest a limited amount and then we will see our progress increasing. If we want to make our goal bigger, greed must be avoided.
-
No matter how much we say, greed is something that can destroy people in their prime. We have to constantly try to avoid greed and not indulge in greed, yes brother, you said greed is a real emotion, sometimes its emotion destroys people. Especially our addiction to gambling and trading is a little more. We come to trading after leaving gambling, here we invest a limited amount and then we will see our progress increasing. If we want to make our goal bigger, greed must be avoided.
Well there are still traders who still actually gambles, and that’s not even the case here. The most important thing to note here is that everyone should try as much as they can avoid allowing greed set in whatever they’re involved in, whether gambling or trading, both concepts are almost the same thing because they both require wagering and like I said previously, anything that requires wavering your money, it’s best to completely eradicate greed, else it could completely destroy you.
-
In this regard I want to say that few months ago I saw a interview of a professional and successful trader where he said like this in the first time if you have only five percent of profit of your whole fund in a month it's means a lot, he also said that their mentor said that 5% profit in the first time in a month when you have doing trading that's means you are professional trader.
So our thinking about the trading we will make 100%,200% profit on trading should be change first then we should get jump for trading.
Yeah the main thing that’s making most traders to make majority of the mistakes they’re making in trading is their misconceptions and misleading assumptions about trading. Their view of a professional trader is someone that make millions in a single trade. And so whenever they hear a trader on social media or anywhere say that he makes thousands or millions every week in trading, they’ll fail to understand that these amounts were gathered from several trades, bit by bit until they were able to come up with that much, and this is a misconception that every novice trader or enthusiast should eradicate because that’s nothing but a fallacy and it could potentially lead them to severe losses.
-
I don't think greed is the one to be avoided in order to prevent liquidations of your port. Greed is cause by emotions and sometimes we just didn't notice that our trades are influenced by greed. So if we have that, we expect that our trades is not so effective and there's high chance we will lose that trade. I believe that the key to avoid liquidations of your port is the risk management. Always apply risk management to survive in the long run prevent those situation.
My response to that is No No No, greedy is a very big problem in trading, gambling or anything that involves wagering money, and it should be quickly addressed. It’s true that greed is an natural emotion that everybody feels but these natural emotions could spiral into something that turn out to be a problem for us if not tackled early and quickly.
I didn't say that greed is not a problem in trading. What I am trying to say is that even if you remove greed in your trades it's not a guarantee that you will become successful in trading because there is no strategy that works 90%. That's why it is very important to have the risk management in our trades because it is the key to success. It's a highly recommended to add it in our plan.
-
I didn't say that greed is not a problem in trading. What I am trying to say is that even if you remove greed in your trades it's not a guarantee that you will become successful in trading because there is no strategy that works 90%. That's why it is very important to have the risk management in our trades because it is the key to success. It's a highly recommended to add it in our plan.
That’s true, there’s indeed no strategy that guarantees success or works perfectly, but then again, how can one have or develop a good risk management system if they do not get rid of greed? This is to show how important it is to make away with greed. I’ve come to understand that if a trader is able to get ride of greed then he’ll be able to handle every other situations efficiently and effectively, that includes developing a good risk management system and also setting realistic expectations and goals for themselves during their trading sessions.
-
I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.
You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
- Digifinex? This exchange has been around for a long time, right? I think I've only used it once before. But anyway, as far as I know, there is still a big difference between demo and actual trade. Because I tried it before using the demo.
What I thought I understood well from the demo turned out to be the opposite when I made an actual trade on an exchange, of course from the beginning I always lost and the analysis I made before was always contrary. I just shared it, so it's still right that we should not be greedy in carrying out trading activities.
-
- Digifinex? This exchange has been around for a long time, right? I think I've only used it once before. But anyway, as far as I know, there is still a big difference between demo and actual trade. Because I tried it before using the demo.
What I thought I understood well from the demo turned out to be the opposite when I made an actual trade on an exchange, of course from the beginning I always lost and the analysis I made before was always contrary. I just shared it, so it's still right that we should not be greedy in carrying out trading activities.
Whether real or demo, the most important thing when trading is not allowing your emotions like greed and fear to get into your head, because if you’re able to completely eradicate greed, then you’ll be able to make more informed decisions and choices as well as to employ a more effective risk management approach/system and also to critically evaluate and reassess every decision before implementing them on your trade, this way, you’ll be able to mitigate the risks of losses as much as you can also maximize profits in your trades.
-
I didn't say that greed is not a problem in trading. What I am trying to say is that even if you remove greed in your trades it's not a guarantee that you will become successful in trading because there is no strategy that works 90%. That's why it is very important to have the risk management in our trades because it is the key to success. It's a highly recommended to add it in our plan.
That’s true, there’s indeed no strategy that guarantees success or works perfectly, but then again, how can one have or develop a good risk management system if they do not get rid of greed? This is to show how important it is to make away with greed. I’ve come to understand that if a trader is able to get ride of greed then he’ll be able to handle every other situations efficiently and effectively, that includes developing a good risk management system and also setting realistic expectations and goals for themselves during their trading sessions.
Discipline is the key. We can't avoid greed comes in to our lives especially if we encounter loses, sometimes it comes up. So if you have discipline you can stick to your plan and won't do any action outside the plan. Also with risk management, you can't apply risk management if you don't have discipline especially when greed is with you. Discipline is very important aspect to have in trading, it's also a key to success.
-
Discipline is the key. We can't avoid greed comes in to our lives especially if we encounter loses, sometimes it comes up. So if you have discipline you can stick to your plan and won't do any action outside the plan. Also with risk management, you can't apply risk management if you don't have discipline especially when greed is with you. Discipline is very important aspect to have in trading, it's also a key to success.
I don’t disagree with you that discipline is an important aspect of trading, not just trading but every other areas of life, because without discipline, one is bound to make several wrong choices that’ll definitely affect them tomorrow. But I don’t agree that greed cannot be avoided, yes it’s difficult to avoid being greedy, especially in the midst of losses, but that doesn’t mean that it’s impossible to avoid greed. Yes we can’t control when greed will set in because it’s an inevitable emotion that everyone feels but what we can control is allowing greed get into us and influence our decisions or making us deviate from our initial plans.
-
I didn't say that greed is not a problem in trading. What I am trying to say is that even if you remove greed in your trades it's not a guarantee that you will become successful in trading because there is no strategy that works 90%. That's why it is very important to have the risk management in our trades because it is the key to success. It's a highly recommended to add it in our plan.
Nothing can guarantee for the profits. Sure, there is no single strategy that will be effective for all market condition. That's why we need varied strategies to deal with the change of crypto market. Besides strategy, there are many other things that we must consider in crypto, including the risk management. Yes, we must have some plans, it will help us when we experience unexpected situation.
-
Nothing can guarantee for the profits. Sure, there is no single strategy that will be effective for all market condition. That's why we need varied strategies to deal with the change of crypto market. Besides strategy, there are many other things that we must consider in crypto, including the risk management. Yes, we must have some plans, it will help us when we experience unexpected situation.
Having a good plan is one thing, and sticking to those plans at all time is another. Some traders tend to only see the effectiveness of their plans when they’re just in profit, and when they start experiencing some losses, they start having some sort of a change of attitude about the effectiveness of their plan. They forget that no plan or strategy can actually guarantee constant success and that losses are inevitably part of the market.
-
Nothing can guarantee for the profits. Sure, there is no single strategy that will be effective for all market condition. That's why we need varied strategies to deal with the change of crypto market. Besides strategy, there are many other things that we must consider in crypto, including the risk management. Yes, we must have some plans, it will help us when we experience unexpected situation.
Having a good plan is one thing, and sticking to those plans at all time is another. Some traders tend to only see the effectiveness of their plans when they’re just in profit, and when they start experiencing some losses, they start having some sort of a change of attitude about the effectiveness of their plan. They forget that no plan or strategy can actually guarantee constant success and that losses are inevitably part of the market.
Aside on having a plan, you should also that set out some back up plans because not all the time our plans will really be that working and there would be tons of chances that it would really be that failing. Then you would really be having that huge problem at the time that you do have those analysis been not working and you will be having that kind of panic. Speaking about greed then this is something which is really that very normal for most traders on which there's no such thing about contentment when it comes money and this is something that you should really be that wary about such actions on what you are really that making.
-
Nothing can guarantee for the profits. Sure, there is no single strategy that will be effective for all market condition. That's why we need varied strategies to deal with the change of crypto market. Besides strategy, there are many other things that we must consider in crypto, including the risk management. Yes, we must have some plans, it will help us when we experience unexpected situation.
Managing risk in trading is very important, as you said it will be very useful if we experience unexpected problems. However, this is usually only done by professional traders, not for traders who are still beginners. But actually this can be learned, and later applied if we want to be serious about trading.
-
I didn't say that greed is not a problem in trading. What I am trying to say is that even if you remove greed in your trades it's not a guarantee that you will become successful in trading because there is no strategy that works 90%. That's why it is very important to have the risk management in our trades because it is the key to success. It's a highly recommended to add it in our plan.
Nothing can guarantee for the profits. Sure, there is no single strategy that will be effective for all market condition. That's why we need varied strategies to deal with the change of crypto market. Besides strategy, there are many other things that we must consider in crypto, including the risk management. Yes, we must have some plans, it will help us when we experience unexpected situation.
There is no perfect strategy, but there is a strategy that really works for you. Just because a strategy works for others doesn't mean it will work for you. So it is very important to back test it so that you know if you will really make money with this strategy or not. Let's also try to back test other strategies so that we know what is best to you. This way we won't waste money because back test it first.
-
Aside on having a plan, you should also that set out some back up plans because not all the time our plans will really be that working and there would be tons of chances that it would really be that failing. Then you would really be having that huge problem at the time that you do have those analysis been not working and you will be having that kind of panic. Speaking about greed then this is something which is really that very normal for most traders on which there's no such thing about contentment when it comes money and this is something that you should really be that wary about such actions on what you are really that making.
Definitely, having a back up plan is vey necessary, in fact it is one of the most important aspect of one’s plan. Just like you rightly said, it’s not like we are praying for emergencies or unforeseen circumstances to occur but these things are inevitable, and all we can do is prepare for them, even if we can’t completely make reservations to completely tackle them when they arise or when things take a negative turn, but at least we need to have a plan in place to salvage such situations when they arise.
-
Yeah the main thing that’s making most traders to make majority of the mistakes they’re making in trading is their misconceptions and misleading assumptions about trading. Their view of a professional trader is someone that make millions in a single trade. And so whenever they hear a trader on social media or anywhere say that he makes thousands or millions every week in trading, they’ll fail to understand that these amounts were gathered from several trades, bit by bit until they were able to come up with that much, and this is a misconception that every novice trader or enthusiast should eradicate because that’s nothing but a fallacy and it could potentially lead them to severe losses.
Actually, it's our human nature that we all always love to hear the positive news and also we love to spread the positive sides of ours and that is why we most of the time saw peoples they we interested to investment just seeing that there many trader having thousands of profit they make their investment but they never know how many nights the trader spends for that and as well how their loss porfolio.
-
I didn't say that greed is not a problem in trading. What I am trying to say is that even if you remove greed in your trades it's not a guarantee that you will become successful in trading because there is no strategy that works 90%. That's why it is very important to have the risk management in our trades because it is the key to success. It's a highly recommended to add it in our plan.
There is difference between risk taking and been greedy trader. If you are greedy in crypto trading, you will lose much more than you are going to make here, I have seen someone short sol and was profited, like heavily and instead of closing that position, he held the short until Solana rise back and hit all time high, he was liquidited and lose everything again.
Assuming he was able to control his greed and didn't let greed consume him, he would have take the profit and change the sentiment of the market from short to long, always remember that in trading, the trend is what gives you money and not what yiu think about the market.
-
I didn't say that greed is not a problem in trading. What I am trying to say is that even if you remove greed in your trades it's not a guarantee that you will become successful in trading because there is no strategy that works 90%. That's why it is very important to have the risk management in our trades because it is the key to success. It's a highly recommended to add it in our plan.
There is difference between risk taking and been greedy trader. If you are greedy in crypto trading, you will lose much more than you are going to make here, I have seen someone short sol and was profited, like heavily and instead of closing that position, he held the short until Solana rise back and hit all time high, he was liquidited and lose everything again.
Assuming he was able to control his greed and didn't let greed consume him, he would have take the profit and change the sentiment of the market from short to long, always remember that in trading, the trend is what gives you money and not what yiu think about the market.
I always follow market trends in trading. And avoid greed that makes us not focus on trading, we must always have the right plan and trade according to the plan and strategy that we have made, don't be greedy. because greed will destroy our lives.
-
Actually, it's our human nature that we all always love to hear the positive news and also we love to spread the positive sides of ours and that is why we most of the time saw peoples they we interested to investment just seeing that there many trader having thousands of profit they make their investment but they never know how many nights the trader spends for that and as well how their loss porfolio.
Yeah
The problem with most traders is that, they like to compare their one step to another trader’s 1000 steps. Experience and progress are not gotten without spending time and effort on what you do. It’s good to look at others and pick motivations from them, rather than comparing yourself with them and using it to downgrade your own effort and success.
-
Learning went to work away in anything is a virtue. It is not enough to know how to trade the cryptocurrency market but knowing when to exit the market is another skill that is highly underrated. Many people make excessive profit and end up losing or in the market. Just like me, I was encouraged to buy the trump coin during his inauguration period. I eventually hit 100% profit even while joining the market very late. I felt relaxed with the Bitcoin mind that I have believe that the coin will remain at the top. But the coin ended up crashing and wiping away my capital. That is my poor ability to time the market. Risk management and timing is really important in cryptocurrency trading.
-
I always follow market trends in trading. And avoid greed that makes us not focus on trading, we must always have the right plan and trade according to the plan and strategy that we have made, don't be greedy. because greed will destroy our lives.
Greed is indeed the thing that causes most traders to experience losses or failure to make a profit. Although there are also those who because of greed they get big profits, this is just luck because it rarely happens. And yes, it is very important to stick to the analysis and plans that we have made or prepared carefully. We also have to be clever in controlling risk in trading itself. Because with good risk management we can minimize losses.
-
I always follow market trends in trading. And avoid greed that makes us not focus on trading, we must always have the right plan and trade according to the plan and strategy that we have made, don't be greedy. because greed will destroy our lives.
Greed is indeed the thing that causes most traders to experience losses or failure to make a profit. Although there are also those who because of greed they get big profits, this is just luck because it rarely happens. And yes, it is very important to stick to the analysis and plans that we have made or prepared carefully. We also have to be clever in controlling risk in trading itself. Because with good risk management we can minimize losses.
Greed does a lot of damage to our trading journey. It leaves and returns on its own. So it's really important that we always stick to our plan. If we take other steps that are opposite or not in our plan, it may be due to greed. Sometimes there are negative thoughts comes in our mind when we are always looking at the chart that may cause us to change our decisions, but the only important thing here is that no matter what happens, just stick to the plan.
-
Yeah
The problem with most traders is that, they like to compare their one step to another trader’s 1000 steps. Experience and progress are not gotten without spending time and effort on what you do. It’s good to look at others and pick motivations from them, rather than comparing yourself with them and using it to downgrade your own effort and success.
Actually most of the people who we are the new in the crypto investment or trading they will kinda same mindset like maybe we can get easily quick rich by investing on crypto but they don't know how we study in our life to get job or in kind of freelancing how we give our time to grow up our knowledge and then we get success in a moment even if we some people know the trading has also kind of same things where to become successful we must need some skill to become successful we don't want to follow that but we like the easy one like seeing some the signal and applied in our trading and we face losses.
-
We want to do more than we know about trading. This is what always comes to our mind, if our other brothers are in a good position in trading, we see that and cannot control our greed and go directly to trading and as a result we only face losses. We invest there without knowing anything about a currency. We should always keep in mind that I will not do what other brothers have done, I will try something new from that. Our idea should always be to try hard and work hard to rise. We know very well that if we try to do what we do not know, we will lose 100%. Our older brothers post very good topics, we can learn a lot by paying attention to them and looking at them carefully. And we will follow the market, follow our older brothers, then maybe we can learn something good.
-
Actually most of the people who we are the new in the crypto investment or trading they will kinda same mindset like maybe we can get easily quick rich by investing on crypto but they don't know how we study in our life to get job or in kind of freelancing how we give our time to grow up our knowledge and then we get success in a moment even if we some people know the trading has also kind of same things where to become successful we must need some skill to become successful we don't want to follow that but we like the easy one like seeing some the signal and applied in our trading and we face losses.
I remember back then when copy trading was introduced into the trading sphere, and some brokers and exchanges so exaggerated this copy trading stuff that it looked so easy, even those who knew absolutely nothing about trading would jump on the opportunity, thinking that they’d be made millionaires overnight by simply just copying another trader’s trades.
Same thing happened when trading bots were also introduced to the trading system, the advertisers also make it look so easy that a total novice could make thousands by just buying a trading bot and then leave the bot to do all the heavy lifting for them. But right now, we don’t see so many people talking about it anymore.
-
Learning went to work away in anything is a virtue. It is not enough to know how to trade the cryptocurrency market but knowing when to exit the market is another skill that is highly underrated. Many people make excessive profit and end up losing or in the market. Just like me, I was encouraged to buy the trump coin during his inauguration period. I eventually hit 100% profit even while joining the market very late. I felt relaxed with the Bitcoin mind that I have believe that the coin will remain at the top. But the coin ended up crashing and wiping away my capital. That is my poor ability to time the market. Risk management and timing is really important in cryptocurrency trading.
Anything that can never be controlled is greed, whenever greed is controlled while trading the person always end up with good profits. I mean, proper timing is the key, most people doesn't have proper timing or risk management whomever that can control this can actually make profit. Using the Trump coin as an example, I also wanted to invest in that coin but after reading few post around the forum about meme coin that was how I drew back and never invested but today you can imagine where is the price currently after hitting $70 plus.
-
I remember back then when copy trading was introduced into the trading sphere, and some brokers and exchanges so exaggerated this copy trading stuff that it looked so easy, even those who knew absolutely nothing about trading would jump on the opportunity, thinking that they’d be made millionaires overnight by simply just copying another trader’s trades.
Same thing happened when trading bots were also introduced to the trading system, the advertisers also make it look so easy that a total novice could make thousands by just buying a trading bot and then leave the bot to do all the heavy lifting for them. But right now, we don’t see so many people talking about it anymore.
I think most of the people here have gone through the kind of same situation in their beginner journey to be honest if I don't lie, I have to also say that in the beginning time I also do some follow trading not the copy trading in the exchange platform, from a telegram channel.
They were posting their signal every day and also showed some screenshot of their users that they made profit and after seeing those I also did a try some time but truly their signals were just a shits and they just want to have some subscribers for their VIP group by showing those fake feedback. So never going to prefer anyone in these trap.
-
Learning went to work away in anything is a virtue. It is not enough to know how to trade the cryptocurrency market but knowing when to exit the market is another skill that is highly underrated. Many people make excessive profit and end up losing or in the market. Just like me, I was encouraged to buy the trump coin during his inauguration period. I eventually hit 100% profit even while joining the market very late. I felt relaxed with the Bitcoin mind that I have believe that the coin will remain at the top. But the coin ended up crashing and wiping away my capital. That is my poor ability to time the market. Risk management and timing is really important in cryptocurrency trading.
Anything that can never be controlled is greed, whenever greed is controlled while trading the person always end up with good profits. I mean, proper timing is the key, most people doesn't have proper timing or risk management whomever that can control this can actually make profit. Using the Trump coin as an example, I also wanted to invest in that coin but after reading few post around the forum about meme coin that was how I drew back and never invested but today you can imagine where is the price currently after hitting $70 plus.
Sometimes greediness can lead to good profit. And those who are not greedy while trading end up with small profit. There is advantage and disadvantage for everything.
-
I remember back then when copy trading was introduced into the trading sphere, and some brokers and exchanges so exaggerated this copy trading stuff that it looked so easy, even those who knew absolutely nothing about trading would jump on the opportunity, thinking that they’d be made millionaires overnight by simply just copying another trader’s trades.
Same thing happened when trading bots were also introduced to the trading system, the advertisers also make it look so easy that a total novice could make thousands by just buying a trading bot and then leave the bot to do all the heavy lifting for them. But right now, we don’t see so many people talking about it anymore.
I think most of the people here have gone through the kind of same situation in their beginner journey to be honest if I don't lie, I have to also say that in the beginning time I also do some follow trading not the copy trading in the exchange platform, from a telegram channel.
They were posting their signal every day and also showed some screenshot of their users that they made profit and after seeing those I also did a try some time but truly their signals were just a shits and they just want to have some subscribers for their VIP group by showing those fake feedback. So never going to prefer anyone in these trap.
never trust the signals shared in the group, because in my opinion we should do our own analysis. If they [great and professional traders will not have much time to share signals, they will focus on their trading.
And for me it's just a trick to get many members in their group, especially if it's paid. they just want profit.
-
I think most of the people here have gone through the kind of same situation in their beginner journey to be honest if I don't lie, I have to also say that in the beginning time I also do some follow trading not the copy trading in the exchange platform, from a telegram channel.
They were posting their signal every day and also showed some screenshot of their users that they made profit and after seeing those I also did a try some time but truly their signals were just a shits and they just want to have some subscribers for their VIP group by showing those fake feedback. So never going to prefer anyone in these trap.
And those who feel or think that the crypto market is a place people can actually make easy profits without having to burn the midnight candle to conduct their own research and analysis would actually easily fall for their traps. The crypto market is indeed very profitable and there are actually those who do make profits from the market but it’s not just as easy as some people online make it seem.
It needs dedication, time, effort, resilience and patience to be able to navigate the crypto market in a way that they can be able to make daily profits and not just by following someone’s analysis or signals.
-
never trust the signals shared in the group, because in my opinion we should do our own analysis. If they [great and professional traders will not have much time to share signals, they will focus on their trading.
And for me it's just a trick to get many members in their group, especially if it's paid. they just want profit.
Totally right.
Analysis comes first, your own, that is, everything else - second.
-
I remember back then when copy trading was introduced into the trading sphere, and some brokers and exchanges so exaggerated this copy trading stuff that it looked so easy, even those who knew absolutely nothing about trading would jump on the opportunity, thinking that they’d be made millionaires overnight by simply just copying another trader’s trades.
Same thing happened when trading bots were also introduced to the trading system, the advertisers also make it look so easy that a total novice could make thousands by just buying a trading bot and then leave the bot to do all the heavy lifting for them. But right now, we don’t see so many people talking about it anymore.
I think most of the people here have gone through the kind of same situation in their beginner journey to be honest if I don't lie, I have to also say that in the beginning time I also do some follow trading not the copy trading in the exchange platform, from a telegram channel.
They were posting their signal every day and also showed some screenshot of their users that they made profit and after seeing those I also did a try some time but truly their signals were just a shits and they just want to have some subscribers for their VIP group by showing those fake feedback. So never going to prefer anyone in these trap.
never trust the signals shared in the group, because in my opinion we should do our own analysis. If they [great and professional traders will not have much time to share signals, they will focus on their trading.
And for me it's just a trick to get many members in their group, especially if it's paid. they just want profit.
Indeed, trusting the result from this analyses is far better than imposed signal coming from the other parties, especially when these signals are provided by some party with vested interest. Virtually everything provided in the group is not so beneficial sine they are out to benefit from the group through a growing number of members. It is normal that if really someone has exceptional trading abilities, instead of constantly sharing signals they would like to build own trading plan. Following signals that do not have a strong analytical background as the market evolves and is studied, together with prices and the development of an individual strategy will be much more effective in the long term.
-
I always follow market trends in trading. And avoid greed that makes us not focus on trading, we must always have the right plan and trade according to the plan and strategy that we have made, don't be greedy. because greed will destroy our lives.
Greed is indeed the thing that causes most traders to experience losses or failure to make a profit. Although there are also those who because of greed they get big profits, this is just luck because it rarely happens. And yes, it is very important to stick to the analysis and plans that we have made or prepared carefully. We also have to be clever in controlling risk in trading itself. Because with good risk management we can minimize losses.
Greed is a real asset, it is more or less present in everyone, but we have to control this greed, we have to learn to avoid it. Yes, it is true that people can make a good profit from what we do, but it happens for a limited time. Later, we have to lose everything because of that person. So I would say that if we are trading, we have to avoid that person, control ourselves and invest for the long term.
-
I always follow market trends in trading. And avoid greed that makes us not focus on trading, we must always have the right plan and trade according to the plan and strategy that we have made, don't be greedy. because greed will destroy our lives.
Greed is indeed the thing that causes most traders to experience losses or failure to make a profit. Although there are also those who because of greed they get big profits, this is just luck because it rarely happens. And yes, it is very important to stick to the analysis and plans that we have made or prepared carefully. We also have to be clever in controlling risk in trading itself. Because with good risk management we can minimize losses.
Greed is a real asset, it is more or less present in everyone, but we have to control this greed, we have to learn to avoid it. Yes, it is true that people can make a good profit from what we do, but it happens for a limited time. Later, we have to lose everything because of that person. So I would say that if we are trading, we have to avoid that person, control ourselves and invest for the long term.
As long as we can control greed, it won't be a problem at all. And sometimes greed also plays a role in giving us courage to bet on high-risk assets that also have high potential, such as memecoins that are currently hyped or something like that. So if Greed is like a weapon then it will be a good thing if used and wielded by the right person who is skilled with it. Likewise in trading. But the majority of greed actually makes many traders experience losses.
-
As long as we can control greed, it won't be a problem at all. And sometimes greed also plays a role in giving us courage to bet on high-risk assets that also have high potential, such as memecoins that are currently hyped or something like that. So if Greed is like a weapon then it will be a good thing if used and wielded by the right person who is skilled with it. Likewise in trading. But the majority of greed actually makes many traders experience losses.
The real game is here, those people's are successful in trading who can control their greediness and also have the patient for learning new things.
I have sawn lots of peoples even they were with crypto space more than 7/8 years because of their greediness they just make trade and lose huge. Those all would have much good amount of savings if they could control their gree on that time.
-
The real game is here, those people's are successful in trading who can control their greediness and also have the patient for learning new things.
I have sawn lots of peoples even they were with crypto space more than 7/8 years because of their greediness they just make trade and lose huge. Those all would have much good amount of savings if they could control their gree on that time.
Yeah, this is actually a problem for not just the newbie traders but also those who consider themselves to be experienced and expert traders too. The actual reason why some traders, despite their good analytical abilities and understanding of the crypto market still end up in losses everyday isn’t really because they don’t know what they’re doing, but because their greed always cloud their rationale and judgement, making them miss out on several opportunities that may have given them the profits they desire.
-
As long as we can control greed, it won't be a problem at all. And sometimes greed also plays a role in giving us courage to bet on high-risk assets that also have high potential, such as memecoins that are currently hyped or something like that. So if Greed is like a weapon then it will be a good thing if used and wielded by the right person who is skilled with it. Likewise in trading. But the majority of greed actually makes many traders experience losses.
The real game is here, those people's are successful in trading who can control their greediness and also have the patient for learning new things.
I have sawn lots of peoples even they were with crypto space more than 7/8 years because of their greediness they just make trade and lose huge. Those all would have much good amount of savings if they could control their gree on that time.
If we pay attention, we see that those who succeed in trading are the ones who can control their greed and move forward or stay involved in trading by controlling their greed. Even though greed is a real asset, we should avoid it at all costs. We should give the market time and pay more attention to post reactions, then we can learn a lot from these too.
-
I always follow market trends in trading. And avoid greed that makes us not focus on trading, we must always have the right plan and trade according to the plan and strategy that we have made, don't be greedy. because greed will destroy our lives.
Greed is indeed the thing that causes most traders to experience losses or failure to make a profit. Although there are also those who because of greed they get big profits, this is just luck because it rarely happens. And yes, it is very important to stick to the analysis and plans that we have made or prepared carefully. We also have to be clever in controlling risk in trading itself. Because with good risk management we can minimize losses.
Greed is a real asset, it is more or less present in everyone, but we have to control this greed, we have to learn to avoid it. Yes, it is true that people can make a good profit from what we do, but it happens for a limited time. Later, we have to lose everything because of that person. So I would say that if we are trading, we have to avoid that person, control ourselves and invest for the long term.
As long as we can control greed, it won't be a problem at all. And sometimes greed also plays a role in giving us courage to bet on high-risk assets that also have high potential, such as memecoins that are currently hyped or something like that. So if Greed is like a weapon then it will be a good thing if used and wielded by the right person who is skilled with it. Likewise in trading. But the majority of greed actually makes many traders experience losses.
Greed is a natural resource. Almost all people in human life are greedy for something or the other. The opposite of greed is loss. The more greed we have, the more loss we will have and the more greed we can control, the better we will be. Those of us who have very little money, those of us who trade, should only bring our limited profits to ourselves. We should control our greed and move forward.
-
in trading, it takes proper analysis so that we can decide to choose coins and develop strategies and sales targets from the coins we buy.
And many say that to be able to have good skills, it takes practice and always learning by making the right analysis and strategy.
Yes, indeed that can be used in your favor, you also have to do things that go much further, for example the things that we have in mind like plans, strategies, it would be great if we could execute these things first in demo mode to apply everything that are the plans and see how you can Start making the sets, both take profit, stop, and to get to know the platform, if you make a mistake it is better in demo mode and not in real mode, I advise that, but most people don't pay attention and go to real mode where they will probably lose money in many ways.
-
Greed is a natural resource. Almost all people in human life are greedy for something or the other. The opposite of greed is loss. The more greed we have, the more loss we will have and the more greed we can control, the better we will be. Those of us who have very little money, those of us who trade, should only bring our limited profits to ourselves. We should control our greed and move forward.
Greed will make us suffer losses, I agree with this.
because we will always face bad emotions such as greed and sometimes we also experience shock.
The two emotions that are always discussed in this forum do make us not focus on seeking profit.
-
Greed is a natural resource. Almost all people in human life are greedy for something or the other. The opposite of greed is loss. The more greed we have, the more loss we will have and the more greed we can control, the better we will be. Those of us who have very little money, those of us who trade, should only bring our limited profits to ourselves. We should control our greed and move forward.
Greed will make us suffer losses, I agree with this.
because we will always face bad emotions such as greed and sometimes we also experience shock.
The two emotions that are always discussed in this forum do make us not focus on seeking profit.
People do only realize at the time that they will really be that losing up that huge amount of money and its already too late for them to have that kind of realization on which they should have done it earlier. It is really just that very common that a certain individual do really that forget on trying out to set those risks management on which at the time that they are really that making up some profits then they do forget on securing the gains that they have been able to get and decided to proceed even further on which at the moment that the trend would really be making up some correction then this is where they will be having that breakeven or even negatives into their price entry on which this do really sucks. This is why its always been best that you should be setting out on taking profits as much as you could.
-
Greed is a natural resource. Almost all people in human life are greedy for something or the other. The opposite of greed is loss. The more greed we have, the more loss we will have and the more greed we can control, the better we will be. Those of us who have very little money, those of us who trade, should only bring our limited profits to ourselves. We should control our greed and move forward.
Greed will make us suffer losses, I agree with this.
because we will always face bad emotions such as greed and sometimes we also experience shock.
The two emotions that are always discussed in this forum do make us not focus on seeking profit.
This is not a new thing and almost everyone agrees that greed will bring something that makes us get something bad in the end, one of which is loss.
But can we eliminate greed? No, because as you said, it is a natural trait for humans. We can only minimize it so that we can control greed. That is one of the most likely ways we can do it.
-
Greed is a natural resource. Almost all people in human life are greedy for something or the other. The opposite of greed is loss. The more greed we have, the more loss we will have and the more greed we can control, the better we will be. Those of us who have very little money, those of us who trade, should only bring our limited profits to ourselves. We should control our greed and move forward.
Greed will make us suffer losses, I agree with this.
because we will always face bad emotions such as greed and sometimes we also experience shock.
The two emotions that are always discussed in this forum do make us not focus on seeking profit.
It is true that emotions are involved in every decision that is made, particularly whenever there is a hope that involves a level of risk. It surfacing in this fashion, greed cuts off thinking and the consequences are no longer subject to a rational analysis. This is true where one feels the need to have more which in turn lands one in different station. Emotions most often onset can actually hinder the manner in which one perceives things as they become more complicated than they actually are. These two are mostly interrelated and compared often as many can relate with the two and know how they impact that which is being lived.
-
Greed will make us suffer losses, I agree with this.
because we will always face bad emotions such as greed and sometimes we also experience shock.
The two emotions that are always discussed in this forum do make us not focus on seeking profit.
Indeed. Greed always brings bad impact. We can get losses or miss the chance to get higher profits. I have experienced this several times that I missed the chance to get huge profits because I feel greedy. So, I take a serious lesson to stay away from greed.
It is a must to control our emotion because emotion will lead to bad decision. When we decide to invest or trade crypto coins, we must deal with our emotion firstly. So, this won't bring bad impacts in the future.
-
-
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
As far as I know, greed is a habit and character.
The name of the habit or character is very difficult to eliminate in humans.
It can be eliminated but later it will definitely appear again because the character is indeed innate from within the human being itself.
Trading cryptocurrency with a capital of 3000 dollars and a profit of around 1000 dollars or around 30% will definitely make the person's character greedy and want to increase the value of the profit price again, unless maybe just stop a few days after we take the 30% profit.
-
Greed will make us suffer losses, I agree with this.
because we will always face bad emotions such as greed and sometimes we also experience shock.
The two emotions that are always discussed in this forum do make us not focus on seeking profit.
Indeed. Greed always brings bad impact. We can get losses or miss the chance to get higher profits. I have experienced this several times that I missed the chance to get huge profits because I feel greedy. So, I take a serious lesson to stay away from greed.
It is a must to control our emotion because emotion will lead to bad decision. When we decide to invest or trade crypto coins, we must deal with our emotion firstly. So, this won't bring bad impacts in the future.
Sometimes it doesn’t literally means greedy, it maybe fear, the fear of losing everything, it has happened to one of my friend and I was the one telling advising him to leave it, so that he will gain a lot of profit, which he did adhere to my advise but guess what? He lost everything including the capital and I felt bad because I was so confident that he will gain more profit from it and since then even if he wants to leave it in order to gain, he will just collect the small profit he made and walk away because he doesn’t want to lose again. So at times I guess it might be the fear of losing and might be called greedy, for me that is how I view it.
-
Sometimes it doesn’t literally means greedy, it maybe fear, the fear of losing everything, it has happened to one of my friend and I was the one telling advising him to leave it, so that he will gain a lot of profit, which he did adhere to my advise but guess what? He lost everything including the capital and I felt bad because I was so confident that he will gain more profit from it and since then even if he wants to leave it in order to gain, he will just collect the small profit he made and walk away because he doesn’t want to lose again. So at times I guess it might be the fear of losing and might be called greedy, for me that is how I view it.
Greedy and fear are different. When someone feels greedy, it means he is too confident. Meanwhile if someone feels the fear, he is totally not confident. However, it is all about the management of our mentality. Both greedy and fear are not good for our trading or investment. We must deal with this bad mentality, so we can avoid the possible bad results. I'm sure we must have the way to deal with this if we have already enough experience and we have proper knowledge.
-
Greedy and fear are different. When someone feels greedy, it means he is too confident. Meanwhile if someone feels the fear, he is totally not confident. However, it is all about the management of our mentality. Both greedy and fear are not good for our trading or investment. We must deal with this bad mentality, so we can avoid the possible bad results. I'm sure we must have the way to deal with this if we have already enough experience and we have proper knowledge.
Well, in the end, we can control greed and fear, which are part of emotions that must be controlled, when we have had a lot of experience in the market and learned from that experience. For example, for beginners, falling into FOMO is a very common thing. But for experienced traders they can avoid the FOMO attitude. So, in this case, experience plays an important role in making someone better at managing emotions in trading.
-
Sometimes it doesn’t literally means greedy, it maybe fear, the fear of losing everything, it has happened to one of my friend and I was the one telling advising him to leave it, so that he will gain a lot of profit, which he did adhere to my advise but guess what? He lost everything including the capital and I felt bad because I was so confident that he will gain more profit from it and since then even if he wants to leave it in order to gain, he will just collect the small profit he made and walk away because he doesn’t want to lose again. So at times I guess it might be the fear of losing and might be called greedy, for me that is how I view it.
Greedy and fear are different. When someone feels greedy, it means he is too confident. Meanwhile if someone feels the fear, he is totally not confident. However, it is all about the management of our mentality. Both greedy and fear are not good for our trading or investment. We must deal with this bad mentality, so we can avoid the possible bad results. I'm sure we must have the way to deal with this if we have already enough experience and we have proper knowledge.
Yes Greedy and fear are different But both are very bad and harmful for trading and gambling. So we have to avoid Greedy and fear. We know Greedy is very dangerous, Many people lost his valuable fund because of greedy. I also huge loser for greedy in trading, in future trade i loss my all fund because of greediness.
Even fear also harmful, we know no risk no gain but afraid propel don’t take risk so they never win in this economic sector. So i think we have to more experience about it and we have to avoid greediness and fear.
-
Well, in the end, we can control greed and fear, which are part of emotions that must be controlled, when we have had a lot of experience in the market and learned from that experience. For example, for beginners, falling into FOMO is a very common thing. But for experienced traders they can avoid the FOMO attitude. So, in this case, experience plays an important role in making someone better at managing emotions in trading.
Indeed. It is a must to control the feeling of greed and fear. This is a challenge in trading and investment. I'm very sure that the people who have knowledge, they will be easier to control greed and fear. It is because they will be based on the analysis and research when they want to decide anything. People who have knowledge, they won't follow the FOMO. Following the FOMO isn't the nature of smart traders/investors.
-
Sometimes it doesn’t literally means greedy, it maybe fear, the fear of losing everything, it has happened to one of my friend and I was the one telling advising him to leave it, so that he will gain a lot of profit, which he did adhere to my advise but guess what? He lost everything including the capital and I felt bad because I was so confident that he will gain more profit from it and since then even if he wants to leave it in order to gain, he will just collect the small profit he made and walk away because he doesn’t want to lose again. So at times I guess it might be the fear of losing and might be called greedy, for me that is how I view it.
Greedy and fear are different. When someone feels greedy, it means he is too confident. Meanwhile if someone feels the fear, he is totally not confident. However, it is all about the management of our mentality. Both greedy and fear are not good for our trading or investment. We must deal with this bad mentality, so we can avoid the possible bad results. I'm sure we must have the way to deal with this if we have already enough experience and we have proper knowledge.
I agree I saw some traders who fears on their entry that is why they keep adjusting the SL to take profit for safety because they fear if it would go against to his prediction and it end up their SL hit but the price still goes to what he predicted and miss the opportunity to take a profit on what he predicted but half or 1/3 of winning trades.
Unlike those who are greedy, they are confident in what they predicted, so without adjusting the SL for safety, they just let the price hit their TP. I saw many of these in YouTube live trading.
-
Sometimes it doesn’t literally means greedy, it maybe fear, the fear of losing everything, it has happened to one of my friend and I was the one telling advising him to leave it, so that he will gain a lot of profit, which he did adhere to my advise but guess what? He lost everything including the capital and I felt bad because I was so confident that he will gain more profit from it and since then even if he wants to leave it in order to gain, he will just collect the small profit he made and walk away because he doesn’t want to lose again. So at times I guess it might be the fear of losing and might be called greedy, for me that is how I view it.
Greedy and fear are different. When someone feels greedy, it means he is too confident. Meanwhile if someone feels the fear, he is totally not confident. However, it is all about the management of our mentality. Both greedy and fear are not good for our trading or investment. We must deal with this bad mentality, so we can avoid the possible bad results. I'm sure we must have the way to deal with this if we have already enough experience and we have proper knowledge.
Yes Greedy and fear are different But both are very bad and harmful for trading and gambling. So we have to avoid Greedy and fear. We know Greedy is very dangerous, Many people lost his valuable fund because of greedy. I also huge loser for greedy in trading, in future trade i loss my all fund because of greediness.
Even fear also harmful, we know no risk no gain but afraid propel don’t take risk so they never win in this economic sector. So i think we have to more experience about it and we have to avoid greediness and fear.
That’s true but I don’t think it’s easy to avoid or get rid of fear and greed easily because it’s a natural occurrence even if when one tried, that is why we ought to be careful and aware on how the markets run or how gambling is, if we are able to control our fear or greed, because for me, I think avoiding fear and greed is to be sure of the outcome or our expectations will just fall in place, I don’t think people will make mistakes in this fear but if you are able to control your emotions when things doesn’t fall in place like you expected, that’s a good one for u but in all we all should learn from those who knew more than us and at times, it’s good to also get some experience by ourselves just like you said, it can help us to understand and even acquire more knowledge, information etc.
-
Sometimes it doesn’t literally means greedy, it maybe fear, the fear of losing everything, it has happened to one of my friend and I was the one telling advising him to leave it, so that he will gain a lot of profit, which he did adhere to my advise but guess what? He lost everything including the capital and I felt bad because I was so confident that he will gain more profit from it and since then even if he wants to leave it in order to gain, he will just collect the small profit he made and walk away because he doesn’t want to lose again. So at times I guess it might be the fear of losing and might be called greedy, for me that is how I view it.
Greedy and fear are different. When someone feels greedy, it means he is too confident. Meanwhile if someone feels the fear, he is totally not confident. However, it is all about the management of our mentality. Both greedy and fear are not good for our trading or investment. We must deal with this bad mentality, so we can avoid the possible bad results. I'm sure we must have the way to deal with this if we have already enough experience and we have proper knowledge.
- I agree with what you are saying, in fact, even if we avoid greed, it is always there and awaits us to see if we will take it out of our character no matter what we do. That is why it is so important that we have self-control, self-discipline, and responsibility in everything we do.
Now, since we are here in the crypto space, let us not allow greediness to control us because for sure when that happens, we will only go in one direction
and this is the addiction to one thing no matter what we are passionate about.
-
Greed is a natural resource. Almost all people in human life are greedy for something or the other. The opposite of greed is loss. The more greed we have, the more loss we will have and the more greed we can control, the better we will be. Those of us who have very little money, those of us who trade, should only bring our limited profits to ourselves. We should control our greed and move forward.
Greed is a natural human emotion, but it is important to control it in various aspects of life including trading, or you may end up losing if care is not taken. As a trader be contented with every little profit that you made, Don't let your emotion get over you and try to gain more profit due to greediness and selfishness.
A trader should not plan unrealistic return or mislead the customers just to gain more profits. Avoid being greedy for a huge amount of profit for a particular day, Just focus on the small profit that you are making constantly, as they will add up to significant gains overtime. it is important for a trader to be loyal, and it is good to always be honest because dishonesty never pays and you will end up losing.
-
Sometimes it doesn’t literally means greedy, it maybe fear, the fear of losing everything, it has happened to one of my friend and I was the one telling advising him to leave it, so that he will gain a lot of profit, which he did adhere to my advise but guess what? He lost everything including the capital and I felt bad because I was so confident that he will gain more profit from it and since then even if he wants to leave it in order to gain, he will just collect the small profit he made and walk away because he doesn’t want to lose again. So at times I guess it might be the fear of losing and might be called greedy, for me that is how I view it.
Greedy and fear are different. When someone feels greedy, it means he is too confident. Meanwhile if someone feels the fear, he is totally not confident. However, it is all about the management of our mentality. Both greedy and fear are not good for our trading or investment. We must deal with this bad mentality, so we can avoid the possible bad results. I'm sure we must have the way to deal with this if we have already enough experience and we have proper knowledge.
- I agree with what you are saying, in fact, even if we avoid greed, it is always there and awaits us to see if we will take it out of our character no matter what we do. That is why it is so important that we have self-control, self-discipline, and responsibility in everything we do.
Now, since we are here in the crypto space, let us not allow greediness to control us because for sure when that happens, we will only go in one direction
and this is the addiction to one thing no matter what we are passionate about.
That is why no matter what we do, we shouldn’t be too addicted to it, because it will always yield out bad results which we will regret for the rest of our life.
Let’s do things diligently, for no matter how careful we are, our natural ability is always there to take things unaware even when we don’t plan for it. So in terms of gambling, let’s always gamble responsibly, take it for fun but let’s not be addicted to it.
-
Greed is a natural human emotion, but it is important to control it in various aspects of life including trading, or you may end up losing if care is not taken. As a trader be contented with every little profit that you made, Don't let your emotion get over you and try to gain more profit due to greediness and selfishness.
greed is one of the seven deadly sins even if we say that almost everyone experiences greed at some point in their lives others experience it more than some people and it just comes naturally to them like that
A trader should not plan unrealistic return or mislead the customers just to gain more profits. Avoid being greedy for a huge amount of profit for a particular day, Just focus on the small profit that you are making constantly, as they will add up to significant gains overtime.
i do believe that patience is what can kill greed
we often feel greedy when we want things to happen right now immediately and we will do anything to get what we want and more of it but if we can stay patient then we can control our greed
-
Greedy and fear are different. When someone feels greedy, it means he is too confident. Meanwhile if someone feels the fear, he is totally not confident. However, it is all about the management of our mentality. Both greedy and fear are not good for our trading or investment. We must deal with this bad mentality, so we can avoid the possible bad results. I'm sure we must have the way to deal with this if we have already enough experience and we have proper knowledge.
Well, in the end, we can control greed and fear, which are part of emotions that must be controlled, when we have had a lot of experience in the market and learned from that experience. For example, for beginners, falling into FOMO is a very common thing. But for experienced traders they can avoid the FOMO attitude. So, in this case, experience plays an important role in making someone better at managing emotions in trading.
- Greed is always there by our side, it never leaves us, it always whispers and waits to enter our minds. That's why, right, once it enters our minds and we let it control us, for sure at first we won't notice it right away, until one day we notice that it controls us because we can no longer control ourselves in what we do right in carrying out our trading activity.
That's why trading is a very broad issue here in the crypto space and there are many things that should be considered here, as those who have been in the crypto industry for a long time say, right? It's just that other traders don't really give it most of the time and that's the reality that's happening now.
-
Greedy and fear are different. When someone feels greedy, it means he is too confident. Meanwhile if someone feels the fear, he is totally not confident. However, it is all about the management of our mentality. Both greedy and fear are not good for our trading or investment. We must deal with this bad mentality, so we can avoid the possible bad results. I'm sure we must have the way to deal with this if we have already enough experience and we have proper knowledge.
Well, in the end, we can control greed and fear, which are part of emotions that must be controlled, when we have had a lot of experience in the market and learned from that experience. For example, for beginners, falling into FOMO is a very common thing. But for experienced traders they can avoid the FOMO attitude. So, in this case, experience plays an important role in making someone better at managing emotions in trading.
- Greed is always there by our side, it never leaves us, it always whispers and waits to enter our minds. That's why, right, once it enters our minds and we let it control us, for sure at first we won't notice it right away, until one day we notice that it controls us because we can no longer control ourselves in what we do right in carrying out our trading activity.
That's why trading is a very broad issue here in the crypto space and there are many things that should be considered here, as those who have been in the crypto industry for a long time say, right? It's just that other traders don't really give it most of the time and that's the reality that's happening now.
Its always been a part of us on which on the moment that you do make out some money then our inner greed will definitely be that surely kicks in on which it will really be that resulting into such approach on which having that kind of mentality on which it will really be that causing up that more engagement because you've been that aiming that you can make even more money. This is why its really that important that you would really be that sensible into the things on what you are dealing on with and always secure profits once you do able to obtain or gain it out. If you do saw some more opportunity then grab it but its always recommended that you should really be setting limits and do really knows on how to call a certain day and trying to skip and look for the next one.
-
I agree I saw some traders who fears on their entry that is why they keep adjusting the SL to take profit for safety because they fear if it would go against to his prediction and it end up their SL hit but the price still goes to what he predicted and miss the opportunity to take a profit on what he predicted but half or 1/3 of winning trades.
Unlike those who are greedy, they are confident in what they predicted, so without adjusting the SL for safety, they just let the price hit their TP. I saw many of these in YouTube live trading.
Risk to profit ratio is all that matters, as a trader if you can be able to manage your risk to profit ratio, your stop loss and potential profit wouldn't be a problem to you in any way because you have something you ate using as a guide to protect you and the stop loss wouldn't be a problem if you afr the type of person that understand trading.
In life, you have to risk before you can gain something, that's what trading is all about and not juts trading, all other aspect of investment but if you study trading very well before you venture everything into it, you will never regret starting it in the first place.
-
I agree I saw some traders who fears on their entry that is why they keep adjusting the SL to take profit for safety because they fear if it would go against to his prediction and it end up their SL hit but the price still goes to what he predicted and miss the opportunity to take a profit on what he predicted but half or 1/3 of winning trades.
Unlike those who are greedy, they are confident in what they predicted, so without adjusting the SL for safety, they just let the price hit their TP. I saw many of these in YouTube live trading.
Risk to profit ratio is all that matters, as a trader if you can be able to manage your risk to profit ratio, your stop loss and potential profit wouldn't be a problem to you in any way because you have something you ate using as a guide to protect you and the stop loss wouldn't be a problem if you afr the type of person that understand trading.
In life, you have to risk before you can gain something, that's what trading is all about and not juts trading, all other aspect of investment but if you study trading very well before you venture everything into it, you will never regret starting it in the first place.
You are right, we must consider the risks first before taking steps to invest, so for those who are just learning to invest in crypto, it is better to buy during the bearish season of top coins, because if they buy unknown tokens, they are likely to experience losses if they do not have sufficient knowledge and experience.
-
You are right, we must consider the risks first before taking steps to invest, so for those who are just learning to invest in crypto, it is better to buy during the bearish season of top coins, because if they buy unknown tokens, they are likely to experience losses if they do not have sufficient knowledge and experience.
I have always been curious about investing in tokens and making a lot of money, I know that there are many people who do it , but they are people who do not fall in love with the tokens, or the alts that seem nice to them because of their development or something like that, not even because of their good marketing, but because they buy intelligently, that's when they win, although to be honest, that also requires some luck, very good luck, like the BTC going up and investors seeing this token or the alt as one of the best options.
-
---
A trader should not plan unrealistic return or mislead the customers just to gain more profits. Avoid being greedy for a huge amount of profit for a particular day, Just focus on the small profit that you are making constantly, as they will add up to significant gains overtime. it is important for a trader to be loyal, and it is good to always be honest because dishonesty never pays and you will end up losing.
I guess a 1:3 RR ratio isn't considered "being greedy" right? :D
I mean I agree with what you said that as a trader, we must set realistic profits that's why whenever I trade, I always put my take profit at around 20-25% only and regardless of what will happen after taking profit, I'm happy that I made profit from it. At the end of the day, profit is profit. Avoiding being greedy is doable, but it's hard not to do it especially for us human beings because it's our nature to sometimes be greedy especially when it comes to money.
For me, focusing on small profits, but more trades works fine for me rather than making 1-3 trades per day, but the RR Ratio is that high. I know this works for some, but not for me especially when you're scalping.
-
You are right, we must consider the risks first before taking steps to invest, so for those who are just learning to invest in crypto, it is better to buy during the bearish season of top coins, because if they buy unknown tokens, they are likely to experience losses if they do not have sufficient knowledge and experience.
I have always been curious about investing in tokens and making a lot of money, I know that there are many people who do it , but they are people who do not fall in love with the tokens, or the alts that seem nice to them because of their development or something like that, not even because of their good marketing, but because they buy intelligently, that's when they win, although to be honest, that also requires some luck, very good luck, like the BTC going up and investors seeing this token or the alt as one of the best options.
Actually, it would be better before jumping into the world of investment or trading, the first thing to do is to see the risks.
However, I also understand that one of the things that makes people interested and eventually come is because they see the potential profits that can be obtained. I would even consider it natural when someone first expects too much, because it is the fruit of their ignorance.
-
However, I also understand that one of the things that makes people interested and eventually come is because they see the potential profits that can be obtained. I would even consider it natural when someone first expects too much, because it is the fruit of their ignorance.
You're right, well it's worth noting that I used to be like that, I was too ignorant, I always put above all the possibility of always Operating and always winning, but when I realized how things were it was incredible how I had losses, that was a waste of time as well as money, youtubers, academies, everything, then one falls , well when I was a novice , and not only in casino trading, but in many promotions, I always Believed they were true, so given this the best thing is always to educate yourself a little to know how things really are.
-
However, I also understand that one of the things that makes people interested and eventually come is because they see the potential profits that can be obtained. I would even consider it natural when someone first expects too much, because it is the fruit of their ignorance.
You're right, well it's worth noting that I used to be like that, I was too ignorant, I always put above all the possibility of always Operating and always winning, but when I realized how things were it was incredible how I had losses, that was a waste of time as well as money, youtubers, academies, everything, then one falls , well when I was a novice , and not only in casino trading, but in many promotions, I always Believed they were true, so given this the best thing is always to educate yourself a little to know how things really are.
Influencers promote various things in exchange for money. So it is foolish to trust them completely. You should always make all decisions through your own in-depth research.
Greed makes a person crazy, because when you fall into greed, you will start dreaming big dreams. And the bigger you dream, the more your desire to get something big will increase. And you will start making many wrong decisions. So greed should never be indulged.