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Author Topic: Fear or greed  (Read 22094 times)

Online Dr.Bitcoin_Strange

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Re: Fear or greed
« Reply #390 on: December 19, 2024, 02:45:55 PM »
Fear and greed are two emotions that can be detrimental to a trader's success. Fear can lead to impulsive decisions, causing unnecessary losses, while greed can drive reckless behavior, resulting in significant losses. To avoid these pitfalls, it's essential for traders to manage their emotions, avoid impulsive decisions, and be content with their trading outcomes. By doing so, traders can cultivate a disciplined and rational approach to trading.

You are right, fear and greed is literally what makes some traders unprofitable. Sometimes a trader must have accumulated a huge profit in their trading position but because of greed to make more profit, they can end up losing that little one they have managed to get, while fear (FOMO) can make a trader to take trader on the wrong entry which can lead to lose.

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Re: Fear or greed
« Reply #390 on: December 19, 2024, 02:45:55 PM »

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Offline dekafee79

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Re: Fear or greed
« Reply #391 on: December 20, 2024, 11:13:32 PM »
Fear and greed are two emotions that can be detrimental to a trader's success. Fear can lead to impulsive decisions, causing unnecessary losses, while greed can drive reckless behavior, resulting in significant losses. To avoid these pitfalls, it's essential for traders to manage their emotions, avoid impulsive decisions, and be content with their trading outcomes. By doing so, traders can cultivate a disciplined and rational approach to trading.

You are right, fear and greed is literally what makes some traders unprofitable. Sometimes a trader must have accumulated a huge profit in their trading position but because of greed to make more profit, they can end up losing that little one they have managed to get, while fear (FOMO) can make a trader to take trader on the wrong entry which can lead to lose.
Many have experienced missing the best opportunity to gain profit when the coin price is high because of greed that makes them miss the opportunity.
While fear makes people sell their coins at a loss because of panic due to FOMO.

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Re: Fear or greed
« Reply #391 on: December 20, 2024, 11:13:32 PM »

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