Fear or greed

[$crypto$]

We can see that successful people are those who are open to knowledge, they will not miss even the slightest new knowledge, especially those related to what they do, in this case investment or trading. Never be lazy to find something new.

to me, the smartest person is a person who can acknowledge his lack of knowledge and is willing to learn more if someone acts like he knows everything already there will be no more space for improvement and he is going to be left behind by people who actually are eager to learn and experience new things

Yes you are right, someone who feels smart and feels that their knowledge is already abundant, they will likely close themselves off from something new, that is what ultimately makes them lag behind because they never want to upgrade their knowledge.

This is a wrong mindset, which they will feel a loss in the future, not a loss in terms of finance, but a loss because they are left behind from new knowledge.

[milewilda]

We can see that successful people are those who are open to knowledge, they will not miss even the slightest new knowledge, especially those related to what they do, in this case investment or trading. Never be lazy to find something new.

to me, the smartest person is a person who can acknowledge his lack of knowledge and is willing to learn more if someone acts like he knows everything already there will be no more space for improvement and he is going to be left behind by people who actually are eager to learn and experience new things

Yes you are right, someone who feels smart and feels that their knowledge is already abundant, they will likely close themselves off from something new, that is what ultimately makes them lag behind because they never want to upgrade their knowledge.

This is a wrong mindset, which they will feel a loss in the future, not a loss in terms of finance, but a loss because they are left behind from new knowledge.

Learning is something a never ending thing or lets say that there's no endpoint into the things that you would really be able learn something new. Lets put up some example on what are the things that we would really be able to encounter on the time that we do trade up. Even if we do consider ourselves to be professionals or old timers but still there would really be
those moments or time that we would really be able to tell into ourselves that there would really be still those things that we dont still know.
We would really be able to realize those things along the way.

[saprakib]

Hopefully this falls under trading.
I'm gonna make it short
There are two emotions i believe dictates trade and leads to either gains or losses. Fear and greed.
They are like every investors companion.
Which do you think is more dangerous?

The answer is for me is both. Fear and Greediness alwas makes us stuck with a circle where we don’t get profit  and even make loss. Its exactly makes us uncertain situation always where we fail to make any decision if we gor more or exit with minimum loss. I personally face many times where  fear and greediness both made me hesitate if i gor for ling or exit immediately. Actually it happen at the beginning of my trading life. After having good knowledge i have make patience and observe the situation and take my decision which helped me to get more profit and minimize mu losses on trading. If you wanna success on trading you have to control both. So learn how to control first then enter on the market hopefully you also will be succeed on trading.

[Geey]

to me, the smartest person is a person who can acknowledge his lack of knowledge and is willing to learn more if someone acts like he knows everything already there will be no more space for improvement and he is going to be left behind by people who actually are eager to learn and experience new things

That's right, if someone feels that he already has a lot of knowledge then he will feel high or arrogant and there he will feel that he no longer needs new knowledge and even he thinks that he doesn't want to increase his knowledge anymore because he feels that the knowledge he has is beyond all. However, a smart and intelligent person is a person who has knowledge and he wants to add or seek more knowledge as an addition to his knowledge, then this is a smart person, not a person who is covered in arrogance.

[LUCKMCFLY]

Well, learning from experience will be better if it is felt by yourself, maybe we can learn from other people's experiences by hearing and seeing, but experiencing it directly will open our eyes because we can feel it directly.

The method you mentioned is indeed widely used, and I am one of them. It is an easy and safe way, because we can continue to accumulate bitcoin when the price drops and when there is another drop we will not panic too much because we will buy it again.

Yes, it is indeed as you say, I have learned a lot from experience, but sometimes that experience is hard because you pay with money, I remember a long time ago having entered into an operation, instead of entering 4usd I entered 40usd and my balance for the tarding was 100usd, and I lost those 40usd, currently I am still struggling with the little that I have left in that account, however I left that ceuta for my learning, because buying btc with the DCA method is for me the hope to accumulate btc, although I have seen many here in the forum that not only buy btc but other currencies as well, it seems excellent to me.

[$crypto$]

Well, learning from experience will be better if it is felt by yourself, maybe we can learn from other people's experiences by hearing and seeing, but experiencing it directly will open our eyes because we can feel it directly.

The method you mentioned is indeed widely used, and I am one of them. It is an easy and safe way, because we can continue to accumulate bitcoin when the price drops and when there is another drop we will not panic too much because we will buy it again.

Yes, it is indeed as you say, I have learned a lot from experience, but sometimes that experience is hard because you pay with money, I remember a long time ago having entered into an operation, instead of entering 4usd I entered 40usd and my balance for the tarding was 100usd, and I lost those 40usd, currently I am still struggling with the little that I have left in that account, however I left that ceuta for my learning, because buying btc with the DCA method is for me the hope to accumulate btc, although I have seen many here in the forum that not only buy btc but other currencies as well, it seems excellent to me.

There are pleasant experiences and unpleasant experiences, we cannot choose which experience we will feel, so it is something we must prepare for even though it is very bitter.

However, with that experience we can be better in the future, we can also be careful in doing something, especially when it is very closely related to money. Sweet or bitter experiences are our place to learn.

[satpol_PP]

Well, learning from experience will be better if it is felt by yourself, maybe we can learn from other people's experiences by hearing and seeing, but experiencing it directly will open our eyes because we can feel it directly.

The method you mentioned is indeed widely used, and I am one of them. It is an easy and safe way, because we can continue to accumulate bitcoin when the price drops and when there is another drop we will not panic too much because we will buy it again.

Yes, it is indeed as you say, I have learned a lot from experience, but sometimes that experience is hard because you pay with money, I remember a long time ago having entered into an operation, instead of entering 4usd I entered 40usd and my balance for the tarding was 100usd, and I lost those 40usd, currently I am still struggling with the little that I have left in that account, however I left that ceuta for my learning, because buying btc with the DCA method is for me the hope to accumulate btc, although I have seen many here in the forum that not only buy btc but other currencies as well, it seems excellent to me.

There are pleasant experiences and unpleasant experiences, we cannot choose which experience we will feel, so it is something we must prepare for even though it is very bitter.

However, with that experience we can be better in the future, we can also be careful in doing something, especially when it is very closely related to money. Sweet or bitter experiences are our place to learn.

I also agree with many people who say we should learn from experience, because a great and professional trader must have a lot of experience. We can also seek experience by always practicing in trading, because bitter experiences sometimes make us learn not to make the same mistakes.

[$crypto$]

There are pleasant experiences and unpleasant experiences, we cannot choose which experience we will feel, so it is something we must prepare for even though it is very bitter.

However, with that experience we can be better in the future, we can also be careful in doing something, especially when it is very closely related to money. Sweet or bitter experiences are our place to learn.

I also agree with many people who say we should learn from experience, because a great and professional trader must have a lot of experience. We can also seek experience by always practicing in trading, because bitter experiences sometimes make us learn not to make the same mistakes.

Well, sometimes we do have to experience bitter experiences, why? because when we only feel something sweet, maybe it will make us forget that one day things might happen that we don't want, and we are not ready for it.

So whether it's a sweet or bitter experience, it will still be a very valuable lesson. And we won't find it in a theory because it happens directly in our lives.

[satpol_PP]

There are pleasant experiences and unpleasant experiences, we cannot choose which experience we will feel, so it is something we must prepare for even though it is very bitter.

However, with that experience we can be better in the future, we can also be careful in doing something, especially when it is very closely related to money. Sweet or bitter experiences are our place to learn.

I also agree with many people who say we should learn from experience, because a great and professional trader must have a lot of experience. We can also seek experience by always practicing in trading, because bitter experiences sometimes make us learn not to make the same mistakes.

Well, sometimes we do have to experience bitter experiences, why? because when we only feel something sweet, maybe it will make us forget that one day things might happen that we don't want, and we are not ready for it.

So whether it's a sweet or bitter experience, it will still be a very valuable lesson. And we won't find it in a theory because it happens directly in our lives.

In investing in crypto we need all the experiences. although not all experiences are sweet, sometimes bitter experiences are also something valuable for our lives so as not to make the same mistakes in the future.

[$crypto$]

Well, sometimes we do have to experience bitter experiences, why? because when we only feel something sweet, maybe it will make us forget that one day things might happen that we don't want, and we are not ready for it.

So whether it's a sweet or bitter experience, it will still be a very valuable lesson. And we won't find it in a theory because it happens directly in our lives.

In investing in crypto we need all the experiences. although not all experiences are sweet, sometimes bitter experiences are also something valuable for our lives so as not to make the same mistakes in the future.

Well, the problem is that sometimes now I see a lot of people who just give up when they experience something bitter, yes they are not ready for it. Even though if they want it, it will make them better.

especially for beginners, when they experience something bitter, they will quickly conclude about the crypto world, such as fraud and so on. Even though it all happens because their knowledge is still lacking.

[LUCKMCFLY]

So whether it's a sweet or bitter experience, it will still be a very valuable lesson. And we won't find it in a theory because it happens directly in our lives.

This is very true, although we have to go through sweet and bitter moments, the bitter ones obviously make us learn more because we do not want to live or go through that again, in this sense we are people who in the end seek to be better, but sometimes some feelings appear, fear, greed, any of these two it is not good to feel them because it overwhelms the mind, clouds our thoughts and the clarity we have from the analysis becomes dense and it is difficult to establish an objective, we must go little by little, adding but little by little.

[satpol_PP]

So whether it's a sweet or bitter experience, it will still be a very valuable lesson. And we won't find it in a theory because it happens directly in our lives.

This is very true, although we have to go through sweet and bitter moments, the bitter ones obviously make us learn more because we do not want to live or go through that again, in this sense we are people who in the end seek to be better, but sometimes some feelings appear, fear, greed, any of these two it is not good to feel them because it overwhelms the mind, clouds our thoughts and the clarity we have from the analysis becomes dense and it is difficult to establish an objective, we must go little by little, adding but little by little.

bitter times are times that we will always remember and this is a bad experience and we will always learn so that it does not happen again. A trader who makes his own analysis, they always remember their mistakes and try to improve their analysis so that the same mistakes do not happen again. The main thing in trading is to control 2 bad emotions, fear and greed because this is very dangerous as a trader.

[$crypto$]

So whether it's a sweet or bitter experience, it will still be a very valuable lesson. And we won't find it in a theory because it happens directly in our lives.

This is very true, although we have to go through sweet and bitter moments, the bitter ones obviously make us learn more because we do not want to live or go through that again, in this sense we are people who in the end seek to be better, but sometimes some feelings appear, fear, greed, any of these two it is not good to feel them because it overwhelms the mind, clouds our thoughts and the clarity we have from the analysis becomes dense and it is difficult to establish an objective, we must go little by little, adding but little by little.

Disturbing feelings will always come to us, as you said, fear, greed and others, it depends on how well we can control them. I think there will be no one who will never experience feelings that disturb them, even a professional will feel it.

One way to be able to control it well is with experience, therefore experience is very important. We can't just stay in one place, we have to keep going.

[alltalk]

Yes you are right, someone who feels smart and feels that their knowledge is already abundant, they will likely close themselves off from something new, that is what ultimately makes them lag behind because they never want to upgrade their knowledge.

If there is a person who feel this, he will never be a true smart trader. He will never be a professional trader as well. There is no professional trader that feels having everything and knows everything. He must always keep learning because he knows that he must improve their knowledge to achieve higher target. The person who doesn't upgrade their knowledge, will never be smarter because his knowledge never grows.

This is a wrong mindset, which they will feel a loss in the future, not a loss in terms of finance, but a loss because they are left behind from new knowledge.

Indeed, it is wrong way. If he knows how to be a real trader, he won't feel in that way.
When we are being arrogant because we assume to be smart one, it is the beginning of no progress of advanced learning.

[Ovbiebo praise]

Hopefully this falls under trading.
I'm gonna make it short
There are two emotions i believe dictates trade and leads to either gains or losses. Fear and greed.
They are like every investors companion.
Which do you think is more dangerous?

As a trader for over 2 years..I'll suggest greed is less dangerous.