Bitcoin Forum

        -  Hey guys, good day! In this topic, I want to share things that others may already know and others don't yet. And these are the mistakes that bitcoin and crypto traders make in the industry we belong to. Especially when you are just starting this business.

I made these reasons because you know we are stubborn, but here I am now, and I hope you will not imitate me or follow this, especially when you are just starting in this field of crypto trading. And for those who can relate, just give a comment or let's laugh about it. Now we are okay, we know the cruel strategies in bitcoin and crypto trading, and we are making money.
So let's write about the first mistake:

1. Trading money that you can't afford to lose

Often the capital we trade is our only savings; if it doesn't grow, we're done or we're broke, or hopefully it's not what we pay bills for every month like electricity or enrolling in college. Of course, let's never use it in crypto trading. Why? Is it because you will lose? It's not that you will lose, because crypto/bitcoin trading is not just a simple strategy; it's all about emotion, mind tips, and being relaxed, calm, and logical. Because once we put emotions into trading, like, for example, the words "I need to win" or I need this because I need to pay the electricity  bill," there is a big chance that we will lose in trading. Because there is a big chance that greed will hit us here or fear will hit us, these are the things we don't want to happen.

So what we want to happen the most is to follow our strategy in crypto trading. And for this to happen, we must not have an emotional attachment to our capital, especially when we are just starting out and we can lose just one bubble. Not necessarily that you will spend the money, but because we don't want to have an emotional attachment to it. We don't want to be nervous; we don't want to be unable to sleep, as long as we want to relax. Just think that in crypto trading, as some say here, when you chase the money, it will get further away from you, which for me is true. So we should just be real, and it will come to you too. As long as, instead of chasing money or profit, you attract success.

2. Greed

It is very important that we avoid being like this or having it. If words like 2% per month profit is okay, then we will say that it is not possible. I want 100% per week; these are just examples. Especially when we see someone who takes a profit of 100% per week, that's okay; it's just that the risk is too high. And it doesn't always happen like that; as long as our goal is "sustainability," we don't just rely on luck or maybe get lucky. Of course, we don't just want luck; instead, we want to have a monthly profit or passive income.

So it's also true what others say: crypto trading is difficult if you don't have another source of income or you only have one source; you should still have at least two sources. Because when, for example, you suddenly make money, that's where the get-rich-quick scheme comes in. We think that maybe my income will grow even more. If I continue to do this, maybe after 2 months my profit will be x10 or more. .  These are just some of the mindsets of people who want to make money quickly. That's why there's really nothing like that in any business industry we go to. Everything has a process, and everything is studied. So stop thinking like a rich quick scheme; this is just a piece of sh*t.

And often, when we have greed, we just gamble, and it's hard like that because we think, "It looks like it's going to go up, so I'll hold first" or "It looks like it's going to go down, and I'm going to sell." That's how we think, right? ?  Sometimes we even say, "I hope it goes down; I hope it goes down, then all of a sudden it will go up," or something like that. So these thoughts are called gambling, or no strategy, no exit strategy, or when to enter the purchase, as in just hoping for luck. So never gamble with crypto trading.

Those are my experienced when I was starting here in this field industry...
 

The most reason traders are losing is because of greed. They will make profit but still keep the position opens but later the market might go another direction and they may lose. The second thing is that they can be using high leverage which will be resulting to liquidation. But a trader needs good strategies to make profit than loss while patience and low leverage are important. Also not to be trading shit coins is important.

Trading money what a trader can afford to lose is right but in trading practice, a more important rule is protection of your trading capital.

You can afford to lose it before you start your trading with actual money but you need to protect your capital. You must avoid to lose your trading capital as without it, you are emptied hands and your trading career ends at that time.

So use stop loss order, stop limit order to defend your capital and minimize risk to lose all of it.

all trading goals are of course for profit. even though we know we can't be sure whether we can make a profit in our trading or not. especially for those of us who are just starting in trading. Using money that is within our means is the best choice. or we can allocate a certain amount of capital for our trading. and try to remain consistent in not violating the boundaries you have created for yourself.
but I don't know for those who are already professional traders. Moreover, if someone says that they trade daily, I don't know if they allocate a certain amount of money that is not part of their money needs. but I'm sure there are still traders who use money that exceeds their previous allocation in their trading.

people become greedy when they see opportunities for greater profits. it usually happens to traders and I think almost all traders have experienced a situation like that.
even though in trading we make plans for the profits we get. but when we saw better growth potential, we changed our initial plans. and that can be good or bad. It's like you are risking profits that are already in your hands for greater profits.

Traders should also avoid emotional trading. It has a huge impact on the decision of the trader.  One should be calm and not overly hyped or negatively depressed when trading.  Here is the important key points why traders must control their emotion when trading.


This is explained in this article (https://capital.com/emotions-in-trading).  It also give guide on how to control one's emotion.

Some people don't understand that trading is so risky activities that they are participating and they always think that they can play around since for what they know its easy for them to earn since trading is buy high and sale low so its better if they buy all the money they have so that they can take home a lot of profit. But they encounter a hard slap of reality where they lose everything they have and doubt for what they have done so to avoid this scenario they must think about what they wanna achieve on trading and always use the amount they can afford to lose so they can avoid to get depressed if they lose on the trades they made.


Usually this occur when they are trading some coin and a pump is ongoing then they want for more profit that's why those people decide to hold more but caught up with correction and instead they earn they are experiencing of heavy decline of that assets they are trading. To avoid such scenario then we should act according what can give us more ideal look and always secure the profit we get and step out of thinking to be more greedy since this can cause us to lose our hard earned money which we use as capital on our trades.

No matter how many discussions talk about "common trading mistakes" this still won't change everyone. Because what I observed is the more we talk about this, the more newbies fall into committing mistakes. Honestly, it is difficult to change someone who already fell in love with money because even if they know greediness is wrong still it lives in their mind. And no matter how many times they suffer losses, that won't change their behavior. Maybe, just maybe, if they stay cool this time but can't ensure they remain cool for a long time.

We fail trading, not because of the lack of knowledge but it is due to our wrong actions and approaches.

Greed is one factor that many does a mistake. Whether they're traders or investors of meme coins or any hype tokens nowadays if they are greedy and don't take profits, they're likely to miss opportunities of profiting and will miss selling at the right time.

Actually, it doesn't have to be a right time. As long as they have already made some profit and depends on what kind of percentage you've made, then it is for sure possible for you hit your targets as long as they're achievable.

But when you have started to make such high assumptions and targets then that's going to make it hard for you to achieve them and will show how greedy you are.

To be on the safer side when you are trading, it is good to use the money that you can afford to lose, so that even when you lose it, it does not mean anything to you, but instead you have learnt something new about the market. It is when you trade with the amount that you cannot afford to lose that ends your capital.

Trading is similar to gambling as it deals with emotion and when to close your trade. If any trader can control his emotion, be satisfied with little profit amd close the trade at the right time, the risk in trading will be limited. Don't allow greed get all over you, because it leads to great loss.

trading using money that you cannot afford to lose is a mistake that traders often make. they often think that trading their savings or their only money can make them rich overnight, when what actually happens is that they lose all that money, because their mindset is wrong from the start and they tend to trade using a gambling system. they don't use analysis and the strategies that make them lose all the money they have. and therefore, if you can't afford
 to lose money when trading then don't use it, because why trade if you end up regretting it.

I have to agree with you that most traders especially this period are greedy and that’s shown by the high number of liquidations we see recently. First mistake some traders make is not taking profit from a running a trade because of the greed, Atleast if you don’t want to half your position size you can simply move your stop loss up to lock a trade; it’s a manual strategy some traders do to avoid change of trend.

Another thing you point out is the trading of this shitcoins, memecoins to be precise is a thing of concern. Many people trade this volatile coins with high leverage, it sometimes pays off and most at times doesn’t

True, even I have made such mistakes out of greed and people will be surprised I have lost thousands of dollars in future trading in the past just because I was not taking profit and rather waiting for more profit without SL and as a result I have learn my lesson and it's little bit difficult to manage greed unless we make a strategy which should have a process of taking profits regularly. I have overcome that with great difficulty and now aims for little profit but multiple instances of taking profit instead of waiting for huge and ending up with nothing.

After a long time something constructive and natural in this section which is an exception to those of the tips & tricks posts, OP this is a very serious concern people use to lend money and trade with them which is a destroying action, it can put someone in serious financial crisis even if he's stable on the instant. I know some of people personally who started trading with other's money just in greed of making 2x and 3x overnight and in the end having nothing in their hands.

Its really sad that people neglect the rude nature of the market and they ignore most of the things by taking them in the list of unnecessary its not about the greed and red candles or black and white candles its about making the decision after understanding the phycology of the market.

We mostly fail because of our wrong decision-making. But there is one reason why it goes like this (failure/mistakes) and that is because we are all not able to carry our emotions well which highly affects our minds and making bad calls. That is why I don't say trading is for everyone nor it was for those who have the desire to do it but it is clearly for those who are willing to understand the situation and change their behavior. In fact, to imagine everything we need to use in trading - analysis, chart, etc are available but still, most of us never succeeded. This is probably because we have emotional problem that triggers everything.

I have to agree with this and it's good that it's on the number one. It is because many of the traders, new or not have thought that just because you're engaged in trading means taht you're going to profit.

And the logical thinking that many of us have is when they invest more money or start with a better capital, they have more edge in the market but little did they know that they can be beaten by itself when they don't know what to do.

So, trade only with specific amounts and start small for the beginners.

But sometimes what makes new traders to use a lot of their money for their first trading experiencr is because of those deposit bonuses, I don't blame trading platform for that, its just that many new incoming traders wannabe are being too amzed and attracted to those bonuses thinking that if they deposit the minimum amount is that they will have more funds to trade and yes they will as they will have more equity, but the thing is there's nk catch in every bonuses, if you will be more observant you will see that the spread on some trading platform is too high and it means you will be having a hard time to earn from a trade unless you are an experienced and very goo at trading but if you aren't then it will be like a trap that will make newbies in trading trade aimlessly. 

And because they experience losses at first, they could either stop or try to recover their losses, and that's when they lose more money in trading.

Well, those deposit bonuses aren't that much but if that's what they are for then they should just hunt all of those deposit bonuses from different exchanges.

If they can't afford to lose them all, it's best for them not to get into those type of bonuses and just do trading as is so that they won't have any troubles at all.

As for these exchanges, it's part of how they attract more customers so that's a basic promo that they have in their features.

In the beginning, the difficulty is there but once you have passed on for so many trades that you do and you're able to control your greed.

That's where you're doing the right thing and step by step you'll be able to see how effective you are in controlling your emotions.

Not everyone is at their best in managing greed at the start but with experience and time, everything can be learned.

Talking about greed all of the time doesn't mean people will no longer fall for it, of course people must fall except there are no trades anymore but in as much as trades are made a portion of traders must fall into trade victims of greed. Everyone must not win their trades, an error must set in either by an act of greed or something else otherwise we won't have course to be treating the discussion all of the time.

Humans we are wired to seek for more after initial target has been attained and that insatiable nature is what create that greed in us while we trade and when a trader lack a conscious control of that innate inclination for more in his trading life you see he keeps making more losses than profits. Even in times he should make profit greed set in to take more and from taking more a collateral loss is incurred. Everyone of us has greed it is how we manage it that matters.

You mentioned greed, and you are talking about something different. However, greed is what is affecting many traders. Let me tell you one thing: some traders like competition, which is why most of them keep losing. Once they see one of their colleagues making it from the market, they try harder to get the same thing, and the strategy and knowledge are not the same thing. The risk is too high, and not all of them have the knowledge to manage the risk. Some of them cannot control their emotions, while others' greed is what pushes them to enter the market. 

So as you said, it is unfortunate and it is hard to see traders making 100% profit every week in trading. Whatever kind of knowledge and strategy you use, you must lose, which is natural in trading. Professional traders also lose in trading, so it is common that people lose in trading, but the problem with some traders is that the result of losing is too much. However, in trading, I dont think it is luck if trader makes a profit. I think it is his knowledge that helped me to get that.

I understand your point, but the truth is that, people still need to be reminded about their greed when trading because while trading most persons try to get mixed feelings of wanting to take a high percent forgetting that the market is highly volatile. So for me the needs to always remind people to be less greedy while trading cannot be overemphasized.
 
I understand trading requires patience and a good trading strategy for which, if well applied can make beginners get more profit which in turn will reduce their level of greed. However, Human errors are bound to happen and this is mostly at the beginning stage, but can be corrected at the long run.

People basically lose their money most of the time when they become greedy. I have seen many traders only think about their profits when they start making profits, and then they become much more attractive. And the businessmen who fall among such people are the losers and face great problems. In trading, we should not only plan for our profit but also keep in mind that there is loss here and this is also a matter of concern. If you want to trade, you must analyze both positive and negative aspects, otherwise it is never possible to survive in the market. So before starting trading you must control your emotions and greed otherwise it is never possible to succeed and always plan properly, but profit can be achieved.

It seems like these two things are the things that most often make people fail in trading. Even though this is a common thing and is even known to many trading players, it is still one of the main factors that causes someone to experience losses in trading.
However, this needs to be used and forced. Sometimes, we have made a profit from the trading results we have, but because of greed, we persist until we finally miss the opportunity. What's worse is, there are people out there who feel confident they can make a profit from trading without risk, so they use their main money. Well, the thing that needs to be emphasized is that trading is a way of making money that carries risks. So, never use the main money you have.

You know not all people have greed; instead, greed is always there by our side. It's up to us if we let it continue in our thoughts or personalities if we want it to control us.

That's why our number one enemy is ourselves. Once we don't let it enter our thoughts, we are in control, but once it enters our thoughts, our mind and conscience will fight.
Now, let's choose what will control the result of our decision.

To be able to control ourselves of course this really depends on our personality, if we can manage our greed we will of course be able to properly analyze the trades we make and be able to make the right decisions on the trades we make.
It is true, only we ourselves can control ourselves and it is impossible for other people to advise us about the greed that is within us and to be able to fight greed we must be very calm in making decisions and never do it in a hurry which makes us wrong. in making decisions that result in losses.

Greed and trading on that amount you can’t afford to lose are certainly the worst reasons that will make us fail in trading. But still, a lot of traders are still doing this way, because of their high greed and because of their high confidence that they will eventually make good returns in trading when in reality, these are the barriers that that block them to gain successful trading. Also, having no strategy in trading is a big factor why someone consistently lose from his trades. If he has no strategy, then most probably he is like gambling and not trading in the first place.

Trading money that you can afford to lose is bad, but what's worse is trading with money that's not yours which you'd be unable to pay back if you lose. It's just like leverage trading, but worse because here traders take money from different people to invest and give them a profit of their money. This is too risky.
It's a different thing when you lose your money, even if that loss will wreck you than losing someone else's money when you don't have enough to pay back.
This causes a lot of problems for the trader and you might even end up in court if you're not careful.

I know all the sayings of greater risk and greater rewards and all, but we need to calculate our risk properly, or else we'll find ourselves in a lot of trouble. I know people who have lost almost everything because of this.

Trading is too risky but I don't think these people are not ready to lose their money in the first place before doing this as I was certain that they were already aware of the possible outcomes. I think the point here is that we don't have to spend our money more than the limits. I see this mistake very often in newbies who think that the more the trade, the possibility of earning more. Unfortunately, it never works that way and much more if we are chasing our losses because it never changes at all when we never also change our trading style. A reason why we should practice to limit our time in trading in order to avoid overspending.

For me, I think the most important thing is to pick some good altcoins first and then just hold onto them. Hold onto them for as long as possible. Take some profit that's enough for your living expenses, but keep holding onto them. I don't believe much in day trading. It's just for fun, for part-time. You can't make daily profit from it, especially as a normal person without information or analytics skills. So, the easy way is just holding.

the most problem some traders are facing is being greedy.if you can avoid being greedy you will definitely succeed in trading. yes if the particular coin accelerate that it's a good thing traders. but if the coin have risen to your expectations, if the coin have rise, and you know you not on the lossing side you sell it and make your profit.

Those two things are the most problematic and hard to control if you are just starting. It's definitely important to have that money management/ risk management when you are handling your portfolio. It's going to be a hard thing to recover if you have lost it all and have no control. As long as you see in the long term that you would be able to grow your portfolio, it's not a bad thing to consider.

Don't be greedy as well. It's tempting but it's not a good thing to do.

Being a trader, I think this is the first step to begin with. Trading is actually one of the great ways to make potential money in crypto but it comes with conditions. This is why it's necessary to invest what you can afford to lose so in case if things don't go as planned, you won't be swimming in a financial crisis. Your research and experience is not a guarantee of success and there's a possibility of market going against you unexpected that will cost you some or even all your money. You will be devastated if you invest money you can not let go. On the aspect of emotion, it's impossible to trade without emotions absolutely but the only thing you can do is to learn how to control your emotions and not allowing it trigger your decision often to avoid making impulsive decisions against your strategy.

We should not make any mistakes when we trade and the two you listed above are just a few out of many that traders make in trading. Of course, the traders who invested the amount they can't afford to lose will surely regret it because not only will they be pained when they lose the money but the money will in addition cause them to be emotional in their trading. This could only mean failure even before the trading has started, so we should avoid it. Our trading psychology must be preserved, but there is no way this will happen when the money we invested is too dear to us, we will only be making mistakes with this and will bring out the most fear in us. The money would be like your last hope and by trying to guard it carefully, you will be making too many viable mistakes. Therefore, it is better to invest the money that can be afforded to be lost. If you wanted to invest the $3,000 that can't be afforded to be lost for example, why not change to it to between $300-$500? By doing so, you would have saved yourself a lot and reduced the tension which would be attached to trading it.

As for greed, it is left to us, and we should always know that the term greed can never be good in any aspect of life and business. However, greed itself is relative in trading, it is not all what people termed greed that is indeed greed. Greed can only be guilty of if one has a trading system and plans but reneges on them due to the belief that if they are set aside, more money would be made.

This will only put such traders in trouble as the system and plans initially prepared to be used are for reasons. They are there to guide our paths to success, why regende in them?

Maybe I just want to add something to what OP did, and this is the trading revenge, right? If in gambling we are lucky enough to win, let's say you have 1000$ then won 2000$, then it became 8000$, and you thought you should continue because your brain thought it would be 20,000$, then all of a sudden what you expected happened instead of having 8,000$ that should have been a win or profit, it became ZERO. Now what comes to mind is the word "too bad I should have taken out the 8000 dollars I won earlier." Then you will think like this. You will tell yourself that I will deposit again. You will now reduce your savings. After all, I won 8,000 dollars earlier. Maybe I can make up for it this time.

These thoughts are very dangerous; in fact, others even think to borrow or mortgage just because they think they can get back to gambling. This is what we will never do; this is a type of revenge trading. What happened was that you got $8,000; you should feel that the $8,000 you lost is yours and you are trying to get it back, until you don't notice that it is buried in debt or that the amount you lost in gambling just got bigger. This kind of thing should not be done because the profit in crypto trading, if you get it, you deserve it because you know what you are doing in trading in the crypto space, you have knowledge about in trading business that's you get earn most of the time.

Greed, which you have discussed with importance, Greed is very dangerous thing in crypto trading because of it many traders lose everything, I saw some people they are very crazy and want to profit in every day, even try to big profit but end of the day their balance is negative. I believe holding some top coins for long term is batter than such greedy trading.

Actually this is not only the reason people lose money, their are more things in trading that makes traders lose money such as;

*high leverage : people mostly lose money due to high leverage, because the higher the leverage, the closer the liquidation price.

*Not having the basic knowledge of support and resistance: most people just venture into the market without even knowing the least support and resistance and how to approach the market if the candle sticks is heading to one.

*Not knowing when to stay off the market: most traders think it's every market they trade, no, not every market you trade, wait only for the right set-up, if it doesn't come, it better you stay off, than to risk your money when you are not sure.

* going after miss opportunity: if you want to be successful in trading, it's very important you don't chase any past opportunity, so that the market don't use you to clear liquidity, or the market collapsing on you.

Greed is really very harmful for every trader.  Every trader should control his greed. Because of this greed many traders lose all their money. Because after greed they trade multiple times. And multiple times trades result in loss.  Those traders succumb to the greed and invest in various altcoins and meme coins and become victims of scams. Because many people believe it and accept the scam after seeing the attractive advertisements of altcoins and meme coins.

Greed is the major culprit. Be it trading or any sort of investment. If you can’t control the greed then ultimately you will end up losing everything. The easiest way to tackle greed is to use targets. Keep profit targets per trade or investment. Once the target is achieved just sell the coins and book the profits. And yes if you are a beginner, then it’s always advised to manage the finances. Just start with small amount and invest only that amount that you can afford to lose. As the money will be in risk for the profits.

Anyone who started trading will know that he is taking a risk and that he will most likely lose his funds in the trading, and he will most likely be profitable when he is lucky because trading is lucky. No one can say that he will not lose, which is why they call it risk. You just need to take a risk and you can get lucky and win a lot of money, but when you understand trading, he will definitely reduce your risk, but you can still lose because not every time And the main point in trading, as op stated, that causes many people to fail in trading is greediness Because I may argue that most traders are greedy, but a majority of them are not. They require a large sum of money, and even if they make a profit, they will consider leaving it because he will invest more money, and the market will most likely fall, causing them to lose profit and capital.

Yeah true, if we deal with a newbie who just goes all in, with a high leverage, we know that the likely result would be that they will lose all their money, and even if they don't lose it at that trade, we know that they will get hyped and do it again and again until they lose it all. I believe that's important and should not be really a big deal, we need to consider that we may not do something major if we are not careful about it.

I hope that people could focus on what we can do, and we should just take it slow and not risk everything we have, it is going to end up with a trouble if we do that and I think it is quite reasonable to make small amount of profit we do not know what we are doing, don't risk anything major.

We all have to accept risk in trading because no one can accurately say whether he will make a profit or a loss by trading. We cannot think of success in our trading unless we have to stop greed and emotion in trading. Greed is the worst habit be it any kind of trading or investing. If you can't control your greed, you can lose everything at some point. Due to excessive greed, many investors have lost a lot of their money because once they invest and lose, due to greed, they try again in the hope of profit, but later they lose again.

In my view I saw an investor who invested in various alt coins hoping for extra profit. He knew that investing in alt coins is very risky but he got greedy and started investing there hoping to make more profit and ended up losing half of his money in few days. I learned from his investment that greed blinds people. People can do anything when they get greedy. In the case of trading or investment, we have to control our excess greed and then trade or invest.

That's the bane of mankind, greed leads us astray the most, everyone wants money and power and those that want to control a lot of people are advocating being greed, not in a loud way but a subtle, they want you to dream of a good wife, good job, a family and many other material things, they want us to believe that money is what makes this world, at least it's true but these people that want to control us make it an issue so we fight against each other but I digress, I think that this greed thing isn't easily rid of in a person, probably the best thing to do is to be an open minded as a person and learn to be content, rather than ridding greed altogether why not learn the opposite of greed and practice it even more than being greedy? That's more manageable for some and if they're not able to cure that greed in their heart, at least they're aware that they could do better.

Never mind beginners, even professional traders need to pay close attention to financial management and risk management, because if you don't pay attention to this you might lose more money. Yes, even though they are professional traders, there is no guarantee that they will always make a profit in every trading activity they carry out. So risk management or financial management is a basic thing that must be studied and applied in every trade we do. Don't trade without applying this basic knowledge, because that will be risky.

In any case, greed will have a negative meaning, because it is a word that describes dissatisfaction with something we already have. Greed will cause initially profitable trades to turn into losses. For example, we are already in a very profitable situation and have achieved the target we set at the beginning. However, because of greed, we end up missing out on the profits that are right before our eyes because we want even bigger profits. That's what ultimately turns a trade that was initially profitable into a big loss.

Greed has never done anything good to any traders here in the crypto business, and apart from that, it doesn't matter whether you are rich or poor; you can have it, honestly.
If you let yourself get over it,.

Sometimes, when we see that the profit that we are getting is good, instead of the profit that we should be able to release, we sometimes think that it will increase, thinking that it will raise more, and then boom, all of a sudden, it will suddenly fall unexpectedly. There is an income that would have been lost suddenly.

One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.

Greed is the biggest reason why many traders lose money while trading. If there’s some sense of greed in a trader to win big always even when they can be winning gradually before reaching their target goal, they always blow up their account and won’t get to win anything in the end. It is necessary to always take profit when the opportunity comes, always wanting to win big can cause you loss of capital and discouragement to continue trading.
Another point I would like to add is risk management, a trader without this can also not make it in trading and can easily get discouraged too. Know how much you can give up on a trade, know when to go into a trade and when to back out. Allow the market play its way and don’t try forcing it to play your way.

I'm sorry OP but these two points you mentioned are nothing but unique. Actually, you'll find this kind of advice all over the forum, you haven't pointed out anything that's particularly exclusive to justify the opening of a new thread. Although what you mentioned is true, greed and spending more money than you can actually afford, are two of the largest plagues, especially for a beginner, it has been mentioned several times already, luckily though, some users have added their feedback as well.

Those with an unwavering desire for rapid wealth become trapped in a web of trade operations that exceed their means. Their unquenchable thirst for wealth makes them oblivious to the basic truth that trading involves risks and that wise investing should only include money one can afford to lose. Unfortunately, their unwavering quest for wealth breeds a delusion of wisdom that causes them to make poor choices. The unpleasant truth about trading is that one could lose everything and never have any more trading opportunities.


The enemy that many traders face and speeds up their demise is greed. The belief that the coins they are trading will always rise forces them to hang onto their assets even when profits are ready to be taken. Because so many people nearly 90% end up losing money when their treasured coins suddenly take a sharp decline, this unquenchable greed creates a vicious cycle of disappointment. The exact greed that propels them to trading success in the first place thus serves as a sign of their demise, sending them into a state of hopelessness and financial disaster.

So that is the impact of greed that we will feel. Therefore, we must be able to eliminate or at least control ourselves to avoid greed which will make us regret it.
Therefore, planning or having a profit target is something that can minimize our greed. If we apply a profit target we can immediately get out of trading, it doesn't matter whether the market will be much more profitable or not, because the most important thing is that we can feel what we wanted at the start.
As traders, this is something that must be truly understood and also applied properly in the trading activities that we carry out. Setting targets is a good thing to prevent greed from controlling us.

People are opening trading without knowledge because they have heard that trading is the only way that can make you rich very quickly but they have misconceptions about trading because trading is not easy to do but is full of dangerous events.

Not only newbies but experts also do mistakes and there is no solution to these mistakes because the reason of their fault is unpredictable prices and alterations of worth in a matter of second.

Use YouTube, Google and some Telegram groups through which h you become able to do trade so then you will not fall into faulty condition that lead to only loss. Knowledge is must for taking decision and most important thing is that a person with knowledge have control on choosing a suitable coin for bull season.

But I think this kind of mistake is more often made by beginners who have just come to get involved, the mistake is as you say that they are careless in making decisions without being accompanied by a correct understanding of the world of trading and I don't understand what you call other mistakes such as they don't think about selling at high prices because obviously this mistake will not exist in the mindset of someone who has been involved in trading for a long time.

 In my opinion, it is a general mistake that is often made or difficult to ignore by traders whether they are beginners or even old ones, namely in terms of self-control where most of them find it difficult to control their emotions when the previous session ends in a loss where obviously such a situation will be able to disturb their calmness and psychology in terms of making decisions which in the end make decisions that are not right because they are based on emotions, therefore if for example we want to become a successful trader then not only in terms of the material that we must learn and understand but also the following by training ourselves, such as mental and psychological which is the basis for decision making.

It's always a greed that causes all of this at first because once the greed takes in then more problem most likely will appear. For example the greed to recover losses and gaining more profit makes you lose your management and your emotion control which makes your trading lose and if you are greed then you have no sense of stop, pretty much you will use the money that is not supposed to use so that's more trouble for that person.

I think that in adhering to the positive things one should do before trading, the mistakes that are negative will be automatically avoided naturally.

Trading with money one can't afford to lose sometimes is the risk taking for some and there's no individual who truly knows better how much it is they are willing to lose when they get so interested in quick expected returns.
It's the discipline to be more decisive and focused that every potential or practicing trader should enforce inorder to be more successful at trading.

Ignorance about what people are getting into is probably the number one reason they suffer huge losses on the markets, and we have evidence of this all over the forum, with newbies asking in which meme coin they should invest to make millions in a matter of weeks, and when we try to convenience them that is not how the markets work, they accuse us of trying to limit them or of being ignorant ourselves, and only once they taste defeat they reconsider the position they held, but at the time their losses are already too big to ignore.

What I know now that we would always make mistakes in trading especially when we are new to trading and don't have good knowledge of what to do when we can in some certain situations. Fine woman mistakes with time onw can adjust and make things easy and spend some times to learn more for a better kick off. We can make mistakes but when we are not ready to improve, we could find ourselves in a big shit that might be difficult to resolve.

Well you have your point here. But let’s just think for the upcoming beginners that will bump on this thread. While this sounds already redundant, but still a worth topic to discuss.

Now back on the topic, these two you have pinpointed are actually the reasons why traders end up losing so much. However, I think the very most reason why traders lose is that they don’t have control on their emotions. Even if they say they have gained high knowledge and experience with trading, but the fact that they trade based on their emotions that will lead them to wrong decision making, then their trades will still most likely end as failed or loss trades. Trading is a game of mental and emotional aspects, if you don’t excel on that, you will never be good in your trading performance.

Hmm, it's not all about greed only, yup there's a significant role of greed what I think where most people fall into the trap of the market is the un-disciplined nature as a core principle of trading, discipline helps to control the greed, and other sort of emotions while trading.

People check the social media and forum full of tips & tricks and by them selves as well they post and pretend like they are following most of the rules TBH, just 5% of them are the reallf followers of their own words even myself, in my early trading days was just posting these tips not following but form quite some time I've implemented them strictly and there's a massive difference in my outcomes from the market.

Being too greedy in trading leads to losses at the end of the day. So in trading you must control your emotions and trade only the amount you can afford to lose And before trading you must try to get detailed knowledge about this. There are many traders who have been trading for years but they are not able to make such good profit at the end of the day, in this case the trader may not know about many things that how to do it. No you must keep in mind that there is a possibility of loss while trading and you have to keep in mind to make profit through this loss and be patient and trade with proper strategy. So hopefully you can earn good amount of profit from here.

Always trade with the amount that you can afford to lose. Not every trader earns a lot but most of them got through several experiences and bad trades and that's why if many of them are earning really well, it's because that they've gained that through their stay in the market.
And we will never know how much losses and pain that they've been through just to understand how the market works and build their own trading strategies because not everyone goes to that point of being good as soon as they try trading. So whoever stays, are the ones that benefits and gets most of the market.

By using capital that we can afford to lose if we lose that capital, this will enable us to learn from the mistakes we made and we will try again to trade so that we have a lot of experience which will make us successful when trading and if someone cannot learn from the mistake they make is of course that they will leave the trade and never try to trade again.

Yes, of course we never know how much we have lost from trading, but they will be able to get back what they have lost once they understand well how to analyze the market and control themselves when trading.

I guess is very common among newbies traders in the market because they will be forming that they know it all, not knowing that they don't know how to make the suitable profit from the bul run because they still lack some skills from the field.

Just ensure that if you want to trade the coins in the market it will lead you to success and, you will not regret your decision you take towards the market price, which are best sign others traders will use to rate you as a talented traders in the market.

         -     That is something that a novice in trading should not do. But no matter how many times someone says such reminders, there are still many stubborn people who enter trading.
That is their main reason for entering trading.

Because if you want to make money quickly in trading, that means you will also quickly hate this field of crypto space for sure, and you can even curse it because you have high expectations about the industry of crypto space.

Trading unnecessarily just because they have fixed number trades to done as their goal is another common mistake done by most of the day traders. They forget to add trading fee and other expenses while calculating the profits which will let the capital to drain gradually at unnoticeable rate even though the loss incurred due to this is very minimal still it's waste of time and resources that can be utilised onto something profitable.

Trading will never make you instantly rich, so you don’t have to jump into trading and think immediately about making profits. Majority of novice traders trade not because they want to learn trading, but because they want to satisfy their greed for profits, that’s why we’ve been seeing them trading even when the market is not suitable to trade. The reminder to trade only when you are ready and when the market only favors your trade is never new to us. But it seems it’s only easy to say but hard to do for novice trades.

Newbies traders are too self-absorbed to care about anything else but their own desires, and honestly believe that just because they want to make money the markets must accommodate them, a mistaken notion but one that is very common among those newbie traders, and once they predictably fail, they begin to make all kind of outrageous claims about the whole market of cryptocurrencies being a scam, when it was their own choices what caused them those terrible losses.

Greed is a natural human reaction to something they consider an opportunity. This also leads to the number one point the OP mentions about where people became so aggressive and took bold action that cost them badly. The only thing that can overcome all these weakness for a trader is discipline with a money management strategy. If you set a bunch of rules for yourself when trading crypto that you can not break and you follow these rules no matter what, your greed won't hurt you anymore.

Yes and it is a long road and in fact a rabbit hole. The you know about the market, the more you will realize that there are still still lot of things that you don't know. And if you want your own trading journey to get rich or successful fast, you are doomed to fail. In trading the more you force thing the more likely you are to lose money. And it's beautiful because you need to find order in your own life first before you find success in trading. You cannot expect yourself being undisciplined in your life and be disciplined in front charts. Doesn't work that way. SO to improve your trading is to improve your life also.

The most important strategy in trading strategy is not to be overly greedy. Those traders who are more greedy in the trading platform suffer the most. Here is the perfect proof of this. I bought TIA for trading a few days ago and gained close to $50 again in a short period of time since I bought it but I was expecting more. Later the market dumped and my portfolio was reduced a lot. Currently I am at a loss of $290 against a profit of $50. So I mean the only reason I lost $290 here is because I was greedy. If I hadn't been greedy and traded with small profits, I wouldn't have lost $290 today. So I would say never get overly greedy on a trading platform.

As much as there are easy to teach or remind traders, there are also a lot of stubborn traders that are trading in the market. Not realizing that if they keep doing their mistakes in trading, they will never progress on their trades but will only suffer from consistent losses. I've been there before that's why now I've learned already my lesson and I won't repeat the same mistakes again.

Greed is always in present in trading. But if you want to except with trading profits, don't be highly greedy but learn to control your greed and control your emotions when trading, the only key so you can gain excellent profits from trading.

I think trading and gambling are almost in the same circle. Greed is the biggest reason why people are facing more losses in trading. Initially when one gets profit from trading he thinks that he has got a good profit in a short period of time, then it gets in his head that he needs to profit some more money. In such a few steps he succeeds in trading. As he trades more and more hoping for more profit, he loses his money gradually. The key is to control both greed and patience to trade, otherwise if you get completely addicted to trading you will not hesitate to sell any of your valuable assets later on.

Honestly, when we lose we blame ourselves and ask why. The answer is that we commit unacceptable mistakes which leads to questioning ourselves.

"Greediness"
Because in the first, we assume already that we gonna win and think that our money will grow. That is why we can say "We can't afford to lose" as we never think that at the very beginning. Of course, we don't think about it but it was overly thought as we are also supposed to be prepared for that scenario knowing that trading is risky and no assurance of making money. If we assume to earn money from trading, we also assume that we lose but this never happens in real life as usually we expect to make a profit rather than lose.

Greed can enter any individual, whether it is in trading or gambling. That means greed is everywhere; it's up to us if we allow it to enter our thoughts, which will control our personalities.
So it is up to us to decide whether we let it enter our being to control us.

But if we just let greed out of our lives, it will lose its meaning so that it can control us; instead, we can still control ourselves to fight it in reality.

We can be destroyed if we are controlled by greed for something, because that thing will not be good enough for ourselves. Especially if this happens in trading and gambling, it will be difficult for us to have better control when greed starts to control all our thoughts. Because this is really not that good and should not exist within a person so no matter what, greed must really be eliminated within ourselves without any exceptions in any form.

In trading, you only have two options, either you trade at a loss or for profits. However, for newbies in the market, consider it you’ll get more losses too often than attracting profits. Experience matters in trading, if you have no knowledge and experience in trading, your potentials to be in profits will be hardly possible. This is why learn to develop your skills and strategies first, that way you can control your losses and improve ways on how to maximize your profits. Trading may not be a do or die, but you’ll eventually die in distress if you keep losing your trades.

Another important points I will add to your own earlier points is the inability of traders to exercise patience and also trade management in trading. A trader that is impatient are very one step closer to blowing up their account because without being patient, you will always take profit at a lower ratio when compared to the ratio of the loss you get from any trade encountered from that same trading account. If your trade continues in this manner and your profits are not always greater than your losses, your account will blow sooner. Knowing how to manage your trade by knowing when to enter a trade, when to leave a trade and most importantly when to withdraw your profits is very important. If you can play along with this three well on how the market reacts, you won’t have a problem with managing your trades.

There are only two possibilities when we trade, as you said, they are profit and loss. As traders, we should be aware of this because this is actually a basic thing that we need to know. When we feel a loss we have to determine how much loss we can afford to take, we can place a stop loss, likewise when we make a profit, we can determine our profit target. Don't let us become greedy when we get a profit because we want to make it bigger, because we need to remember that the market is very volatile and we cannot predict it with certainty. Therefore, we have to be able to plan something in advance and we have to be able to hold onto that plan and carry it out so that it doesn't become something that makes us greedy or something that makes us afraid.

1. Trading money that you can't afford to lose

If you are on a situation;

Deep debt
Last fund or savings
Making a living with gambling

Then it would really be always recommended that you shouldnt really be treating up gambling on this way on which these things would really be just messing up your entire life with.
If you arent that sensible on the actions that you are making then you are just basically making yourself putting up on so much trouble. This is why it would really be that best
that once you do step yourself into this field or market then being versatile and having that acceptance and easy adaptation is really that recommended.
You cant just that make yourself that too confident and making yourself way too greedy.

A trader can make many mistakes in trading but the biggest mistake is thinking of making too much profit in trading quickly. There are many traders who only think that they will make profit after trading but many avoid the thought of loss that can be against the profit. But reality can never be ignored. When a trader starts trading by being greedy in the hope of large profit, he is sure to lose. A trader must have a good understanding of several aspects of investing. By controlling a trader to get the right idea on how to trade. How much lost will not affect the normal life of a trader. It is natural that every human will make mistakes, but before making mistakes, the trader needs to be aware, and if there is a mistake, he should learn from it and for that mistake. If trading can be managed by learning from mistakes then surely that can be the good initiative of a good trader.

Yes greed can be one of the biggest reasons for losing in trading. Many times it is seen that various shitcoins are pumped in the market and many people panic and get greedy and invest there, later they face a lot of losses.  Again, many greedy people do future trading to make big profits quickly, which is a very big risk. Many people lose a lot there. So you must keep your greed under control. And have to do trading on relax Way. then it is possible to make good profit from trading

Those who trade without long term preparation not just in means of funds but also without knowing when to buy and sell obviously, will definitely have a hard time making profits in trading. And when they end up trading with consistent losses, they eventually quit and see trading an unreliable source of income. But for those who trade with great knowledge and skills, not being greedy and not up for quick profits, they have bigger chances to succeed in trading in the long run.

Until now, there have been such traders, in truth. The others are because, even though they have already made mistakes, they keep repeating them because they think that
what they thought would happen is actually not possible.

Then we know that trading is not easy to learn, and if they don't really do it, their capital will definitely be destroyed and dissolved for sure in the end.

If someone keeps repeating the same mistakes, of course they will never be able to learn from the mistakes they made and it would be better for them to stop trading and try again to learn about trading until they can really understand it well so they don't repeat it again. Same error when trying to trade again.
Learning trading is not an easy thing and it takes a long time to understand trading, but they have to be patient with each learning process they carry out in order to be able to make trades that produce profits for them in trading, because if they are impatient with the process What they have to go through is of course that they will be very unlikely to be able to make a profit from their trading.

Having a fixed number of trades to be done a day or in a week is a bad idea. Some people do not only have fixed numbers but a target of how much they will make before they stop trading for the day. Some times these targets are high to be met and it is always difficult to meet the target. One more thing is that they don't fix limit for losses before they stop trading.

People who are engulfed by greed are people who has never lost huge amount of money before. There's an amount of money you will lose and you will be very careful not to be so greedy in trading next time.

This the reason why newbie traders are not advisable to engage in trading activity. They are only seeing trading as a get rich quick scheme, and that’s the worst expectation from trading. While others continue to create successful trades from their trading activities, that’s because they have been losing too much from the start that they end up learning from all their mistakes that made them wiser and smarter as traders.

Trading will never be good enough for beginners. They have less knowledge and even no experience trading in the market which will put them at a more miserable trading situation. But seeing a lot of lives have been changed with trading, that motivates even these newbies to start trading even when it’s not clear for them when to actually trade their coins, as they’ll have no clearer goals set prior to real trading. In the end, they all lose from their trades, and leave wrong impression with trading.

I think the biggest would be thinking that he could keep making the profit the way he is making. There are so many people who made some profit, and saw how rich they got, and they start to assume that they will keep making the same amount of profit forever. That type of profit during the bull run makes them think that this is forever, when in reality we are talking about something that wouldn't be fair at all.

This is why we should probably consider that if we are making a profit, just put some of that aside for the bear market, we are going to see things shift and when the price is lower then we are going to argue that we don't have enough. Putting some aside, probably in dollar or stablecoins, could help us on the long run.

The two things you mention are pay less and second is a greedy nature both have a great potential to destroy your trading career before start. In the mind of newcomers borrow money from someone for a few days and in these few days they will make it double this is because of the misguidance they hear from friends or YouTube etc that trading is a quick rich scheme. This includes a huge risk if you get some profit by chance then it's ok but what if you lose the fund? You will destroy your career. The second thing is greed which is attached to emotions and is a monster if you can't control this wild animal will result in losing all your assets and funds. So be careful when you come to trading and before coming get a good experience in trading.

Bull markets can be very deceptive, as when everything is going well and the market is making new ATHs every single day, every single person seem like the greatest trading genius in existence, but it is on the bear market when you can really see who knows what they are doing and who was just lucky, with most traders losing all the profits they accumulated during the bull market, and they may even lose most of their capital as well, as they begin to do desperate moves in order to recover the money they have lost.

Yes, I understand because beginners have limitations in terms of knowledge and experience where most of them are confused when they want to start and are also confused about where to start, but aren't all traders who have achieved success starting from a beginner? yes obviously, meaning that everyone has the same chance of success but what is different is that not everyone is really able to do it, and this is the reason why there are some people who end up successful and there are some people who end up with a downturn or failure along with experiencing many losses.

If we always make limitations in terms of experience and knowledge of a person as an obstacle to achieving success then logically there will never be anyone who succeeds in achieving success in any matter or field, because after all everything always starts with ignorance but over time they will be able to have knowledge and experience that they will generate from the journey in the process of struggle. On the other hand, there are many people who feel motivated by the success of others such as in the world of trading, but only a few of them really put seriousness in their intentions and determination so that in the end they fail because they are only ready for the results but not ready for all the difficulties in the process.

Making money in the crypto market has never being the same and we need to take some certain precautions so that we don't lose all our funds in the crypto market. We need to be wise and do things that would help us not to lose so much money in the crypto market.
If we can yield to this rules and make sure we don't trade with what we know we can't afford to lose then we need to keep gambling with smaller fund to reduce the risk we are taking as a crypto trader.

Learning from mistakes and fixing everything takes quite a long time, it cannot be done instantly. a professional trader will take years until they master the market and know how they should enter and exit to make a profit. beginners who only enter the market with basic knowledge and consider themselves to be reliable traders, they will not always be lucky, of course they will lose in the end if they don't study it more seriously. Every trader will make mistakes, whoever it is, even a professional can lose thousands of dollars, let alone a beginner who doesn't understand anything.

True, and this applies to whatever field you are doing, no success comes instantly, everyone can dream of being successful and they have the same chance or opportunity but it is a fact that success will only be achieved when you are willing and able to go through the process with all the difficulties. That's because everyone must first experience good or bad experiences that will serve as their learning material, simply put if for example they fail because of decision A then the incident will give them the knowledge that one day they should avoid such decisions. You have also said that traders who are now successful they must first go through a process of years with many difficulties to finally be able to have experience and a lot of knowledge, and with this then maybe we can conclude that those who ultimately fail are those traders who are not too serious in learning something, and usually they are typical traders who want to achieve everything instantly like wanting to get a lot of big profits to get rich but they don't want to go through all the processes and difficulties first, so actually success depends on how dedicated you are in the field or profession and nothing is instant in this world.

It's a continues learning process, and same with your opinion, it takes time to create better strategy to have some edge but there's no guarantee that you will not lose, even experience traders lose a lot, they just know when to stop and when to re-enter to recover, it's partly emotional control, money-managements and your determination to focus with how you foreseen your opportunities.

Newbies who only got basic understanding may expereinced luck and they usually thinks that it's easy to repeat that same profitable patterns, but not always that they can have that luck there are factors that they need to understand and they need to consider as it will
lead them to lose more from what they've achieved.

Committing mistakes is normal but committing the same mistake all over again and again is somewhat not good anymore as it looks like we are not learning nor we would like to change. Many people had learned from their mistakes in the past so they improved and became successful. I think that committing mistakes is a good tool to make someone push themselves to learn more and become careful in their actions. More experience, more mistakes but on the other hand, it creates also more learnings.

When there is a trader who trades using money that he cannot afford to lose it is already an act of greed, because when he does that of course because of targeting greater profits so that he forces himself to use larger capital even though he understands very well the amount is not what he can afford to lose and it is because he is not satisfied with the results obtained if he only uses money that he can afford to lose.
When a trader trades beyond his ability, it will put more pressure on him because there is a thought that he must make a profit otherwise it will mess up his finances and make him experience financial difficulties, even though with the money we can afford to lose it already puts pressure on the trader because basically no trader is ready to experience losses.

Exactly right. I think using money he can't afford to lose is greedy. However, he pursued high profits at the expense of the main money he had without being prepared to accept the risks. However, these two things go together.
This is something that many people do. trade with what they can accommodate. Some people even borrow money with high confidence that they can easily double the money in trading. However, that is the wrong thing. If people are trading for the first time, it is best to use as little money as possible to minimize risk, and always use money that they are willing to lose.

Actually, using capital that we cannot afford to lose also begins with a sense of greed that is tempted to make a quick profit. So we lose patience to wait until we have cold capital. And I think most of us have experienced something like this when we first got to know crypto trading or crypto investment. Because sometimes we get too excited about the new world we have just discovered.  ;D
So I can say that not being able to control one of the emotions called greed is the main problem in this case. Because greed sometimes overrides fear in action. So we become careless in taking action. Likewise in crypto trading which actually drains our emotions more. And this is where good emotional management is needed in dealing with the crypto market which is filled with high volatility and high risk.

Of course, repeating mistakes is just showing that you don't want to learn and expand yourself in the field you are in. But if we make it a way for us to learn, it shows that you want to expand your knowledge of the subject you are studying.

That's why I believe that it's okay to make mistakes as long as we learn from them. It's okay to make mistakes as long as they're not the same as the previous mistakes, because even then, it's called stupidity.

This is what often happens to trading beginners, lack of knowledge and education. Before getting involved in trading, you should study in more depth the basics of trading and continue to learn from experience because without good and correct education, trading is like jumping into the sea without being able to swim, this is very fatal.

So many beginner traders experience losses and they even consider trading as fraud even though they themselves feel dizzy and overwhelmed by various terms in trading, they trade only with reckless capital or follow other people. Of course, this is not recommended for beginners, so basic knowledge about trading is very important in trading, especially now that it is very easy to learn it from various sources on the internet. Apart from the basics of trading, they also have to update global economic news because this news can also really help traders in analyzing price movements. That way, novice traders can automatically avoid these common mistakes so they can focus on improving their abilities.

You are right about that opinion, making lots of mistakes will be a good lesson. But sometimes someone cannot escape from these mistakes and always repeats them. This also depends on how mentally they carry out trading. It won't improve if you can't train your mentality, you always panic and even sell when prices crash. I always try to use the losses that occur as a reference for the future and mark these mistakes. so the profits will be more than the losses.

As traders I think everyone has different level of greenmd in us because I still don't know why some traders are so confident of the market and they prefer to use 50x or 100x to trade in the market. What do surprised me is that most time they do win the trades which is the reason why they would want to keep surprising the newbies that could think that the market is as easy as that.
One need to understand different trading techniques so that we don't choose such a trading lifestyle and end up losing big in the market.

The basic principle of trading is that it is better to make a little profit than to lose a lot. Failing to gain greater profit was never considered a loss, while failing to obtain current profit was a loss for them. Prices can fall at any time for any reason, so they must be very wise in decision making and put aside greed in favor of greater profit.

For a trader, it is better to make a profit of $1k today before the price is corrected than to make a profit of $2k the next day but have to lose $2k first because of greed. They can buy the dip if they take $1k today, this can leave them with more capital than waiting for tomorrow.

It's like gambling; there are many losers, and then one in a million if we win the gamble. Although I don't believe that trading is the same concept as gambling, of course not.
Maybe it's just in the aspect that your capital that was used in trading was lost.

But of course, if you lose in trading, it is because the analysis you did was wrong or you lacked or lacked knowledge about trading. But it is right that we should always buy
something when its price falls.

If it were that easy, then no one would lose money in trading, but not everyone uses stop losses, has insufficient trading knowledge, does not have a clear strategy and does not adhere to the rules. And day trading with a profit of $1000 is a rare occurrence among the average trader, mostly the amounts are significantly lower, otherwise the losses would be much higher. And of course, the profit must be fixed, otherwise there is no point to do it, trading only to lose is pointless.

Yes, those who shared that kind of experienced inspires those newcomers to try things like this, I guess there are really traders who did well in terms of maximizing thier profits, I'm not talking about those pumpers and hypers but those who really taking their time in searching for good projects to invest.

With their dedication and focus they able to pick the right asset while still in early stage and once it pumps up they able to maximize their earnings and enjoy the outcome.

All profits will be lost with uncontrolled greed.
It is better to have minimal profits than to expect more profits. do it gradually and the benefits will also be quite large. but sometimes people who are too greedy feel that there is still not enough and when the price really crashes, they start to panic about selling and in the end prefer to sell at a loss. it's even a pretty ridiculous loss.

True, no matter how good the strategy you use or even though you have a strategy that overall generates more profits than losses but if for example you have absolutely no ability in terms of managing or controlling greed then obviously in the end no matter how much profit you make then yes it will all be lost again just because you trade by always prioritizing dissatisfaction or greed.

As you suggest here that yes it's okay even though we only managed to get a small profit as long as we can manage and control greed, because even though it is small but if it is collected over time then yes the amount will definitely be quite large. Logically in any case usually greed will only lead us to a situation that is far from expectations, which in the end it will only increase the possibility of disappointment or regret, such as the scenario you conveyed and it is true that people who are too greedy they hold prices too long in the hope "hopefully there will still be an increase" which at the same time when it turns out that the price has fallen then yes the tension will start which ends with pressure and regret, so it is better to prevent than to cure, it is better to profit even if it is small than nothing.

It is certain that the thing that destroys a gambler is a lack of self-control until finally, without realizing it, the person falls into his own greed. In trading, being responsible is very important because doing too much will only make us trapped and end up making big losses.
the same thing as gambling, if someone trades excessively it can lead to addiction, this is something that must be avoided because those who are addicted to trading usually will not hesitate to do stupid things like making loans or cheating other people's money.

There are many beginners who don't trade with analysis, they just use instinct and guess whether the price will rise or fall in futures trading. This is the same as gambling because there is no analysis whatsoever being done. Don't be influenced by FOMO or Bad News which makes prices unstable. Doing research first will certainly be very helpful.

Some traders are good at leverage trading that they only enjoy trading future trading. My mentor loves the future markets and he used to make profits when trading but always advice us to not trade the future market until we have mastered the spot market. When beginner traders see other traders using 50x leverage in future market, they follow them without knowing the analysis that the trader have done and the level of experiment that they have to use such leverage. They do not consider the amount of money the traders have before they decided to use that amount of leverage. We should not copy other traders without considering our own conditions, of we trade to our capacity and gain alot of experiences, in the future we can use any amount of leverage that we're comfortable with and make profit. But as beginners, we should avoid leverage trading to avoid much losses.

that should be the basic but trading is so uncertain that you can't just set your target and everything will eventually come to place, sometime the market behave in strange way, i mean yes having small profit is definitely better than losing money but i'm sure many people that are experienced in trading knows that sometime the price bounce back after we are selling, due to haste decision we missed such a great opportunity of making money. i mean such thing might not be a good thing for future trading but certainly spot trading there are many occasion where the price bounce back even higher could give bigger profit if we were patient enough we can get that profit but taking that small profit just because market showing little sign of dumping we just missed that whole opportunity.
the concept of trading such as getting little profit is better than losing, buy high and sell low, is a good thing to follow but applying is so hard.
personally when it comes to trading see whatever fits our target, being flexible is the key that could help us getting profit in trading, if the market is showing correction but you're so sure that it will eventually come back, maybe its worth a try to take that little risk and see how things gonna turns out.