Hamphser
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October 29, 2017, 05:32:55 PM |
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Greed in doing trading is normal specially when we are still a newbie and this kind of emotion is really hard to stop specially when you do always put in your mind on having lots or bigger amounts of money on doing trading. Greed will really control you out anytime sooner specially when we do see chance on possible profits on making trades we do go all in because we do tell from ourselves that this is the chance on getting rich but eventually we do know that instance do really changed anytime which would really cause on losing up so much money.
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katrimans
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October 30, 2017, 07:43:21 AM |
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Trading everyday is a little bit dangerous! Everything is timing even the nature is communicating this to us in our daily lives. You can't be trading everyday and get scot free from ups and down of the market. You will have your emotion on rollercosta that way.
Trading is no doubt very much dangerous thing to do and it is not at all possible for all of us to make wise decisions and that too in a very short span of time. If you are having some kind of greed of making more money in the world of trading, then you have to be well prepared for this thing as well that you can suffer that much huge amount of loss as well if you failed to perform well.
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madwica
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October 30, 2017, 07:57:01 AM |
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Coins has lower value is the thing that attract you to be greedy and i think you need to avoid that, also i think you do not know what is the proper trading because you are too greedy to loose your capital in this method. Trading is one of the best source of income here in bitcoin, you should learn first how to be good trader then search the project of the coins before you purchased, do not buy coins have big dump of value within 24 hrs most of that coin are going to be scam. Much better to pick the coin whose on the top of crypto market and set the selling option of how much you want to sell the coins you have of course set it on the amount which you can get profit.
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Persiville
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October 30, 2017, 08:53:01 AM |
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I am also not that expert in trading i guess, but first you would rrally having a hard time controlling your emotions in trading, before you get to apply controlling emotions, you must have the will to discipline yourself, it is not that simple as we speak you're greedy, and the only way is to do the opposite, its just easily said than done. Just keep on practicing to discipline yourself not to be greedy, that's it.
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iamTom123
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October 30, 2017, 08:56:49 AM |
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Actually, nobody can control your greed but yourself. The most effective way to control it is by examining yourself well or in other words know yourself so that you are not a stranger to the person of who you are. Assessing oneself is very important in trading as it can help in managing your emotions and many irrationality. You can never establish the kind of discipline needed if you do not know yourself well. Trading can be a risky thing and if you will don't know the many ways to control your greediness and emotions then it is better to leave it to someone else. When you are getting affected by greed (or too much greed for that matter), you are no more trading but already gambling your future away into chances (small chances I would say). Doing the right things in trading can pave so many avenues of opportunities...that we have to always remember!
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Funeral Wreaths
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October 30, 2017, 12:42:56 PM |
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Actually, nobody can control your greed but yourself. The most effective way to control it is by examining yourself well or in other words know yourself so that you are not a stranger to the person of who you are. Assessing oneself is very important in trading as it can help in managing your emotions and many irrationality. You can never establish the kind of discipline needed if you do not know yourself well. Trading can be a risky thing and if you will don't know the many ways to control your greediness and emotions then it is better to leave it to someone else. When you are getting affected by greed (or too much greed for that matter), you are no more trading but already gambling your future away into chances (small chances I would say). Doing the right things in trading can pave so many avenues of opportunities...that we have to always remember! i surely agree with what you are trying to point out, but the problem is that, without aid of somebody who can literally give you advices, i think it will be to tough to just assess your self, i know there are lots of guides out there including mentoring to have further discipline but, i guess its a process to be developed and trained, and with hardwork along also. In application to trading it could be a lot of risk when you start to panic already and doesn't know what to do anymore.
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olubams
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October 30, 2017, 01:15:44 PM |
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The fist step to problem solution is identifying there is a problem which you have done. Times without number I have fallen into this which is either selling too late or selling too early but the way out is just to set your mind that whatever happen afterwards is not my concern or you don't want to check on the price of what you sold the previous day because without that, you tend to start feeling either you made a mistake or you are actually smart. But believing its all in the past is a way to move forward.
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Mpamaegbu
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October 31, 2017, 04:12:00 AM |
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I will tell you how I tackle such situation. Try trading few coins. That way you will concentrate on your judgement in picking your pairs and not over trade. Trade a few coins and you will have enough time picking out the good and profitable coins from the dumps. I trade just few pairs and it's working out pretty for me. That way I don't have much failing trades.
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The Sceptical Chymist
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October 31, 2017, 04:18:47 AM |
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Control your emotions buddy because if you don't, you might end up being burned. If you don't have control on your emotions and if you panic sell or buy coins, you might lose all your money in trading. If you are not able to have control then don't transfer all your funds into your trading wallet. Try out with a small amount and then increase the amount later. Buy only on dips and sell only at peaks. Don't buy quite often, invest only on selected days and then forget about it.
This dude has already gotten burned, I can tell. I think most people who trade shitcoins are straight up gamblers, and when you're a gambler-trader who's glued to your computer screen, trading these hellaciously volatile shitcoins, it's really hard to keep emotions out of the picture--especially greed. Fear comes in at a close second. I've tried trading on a small scale and it's very addictive and can be extremely frustrating. Me, I can't keep emotion out of it, and thus I quit trading quite a while ago.
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karmakeddon
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October 31, 2017, 04:24:16 AM |
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Nothing beats out greed out of your system than getting burned on one of your deals that will nearly cost you everything you own. From there, you will learn the trend of the market. You will also learn to do more research before committing on a single investment. If for some miraculous reason, you still do not learn from that mistake, then the second time you get burned will be well deserved since you were not able to think thoroughly.
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cluit
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October 31, 2017, 05:50:01 AM |
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I have no idea, please search google & youtube, its may be too much helpful, i think. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Thank What a straight forward answer! There are many thinks that we also know and better than google or YouTube. He did not ask for the formula of hydrogen bomb that you are directing him to google, Lol. Personally I think the best way to kill your greed is to set a target for yourself in trading and make sure that no matter what happens, you are going to stop after achieving your target. I know greed’s become active when you see slight possibility of making more profit, but just ignore it.
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diskodasa
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October 31, 2017, 07:44:24 AM |
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You should set a fixed rate you want such as 5% or 10%. If your coin rises up this level, you have to sell and buy another coin. Don't care about if it continues going up.
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imking
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October 31, 2017, 08:05:18 AM |
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You’re only one making the decisions and emotions..You are your own worst enemy you need to learn a technical aspect you might learn money management and the emotional management which is great. Avoid trading if you are in the bad mood. Remember that emotions are temporary, Don’t let your emotions destroy you.
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tobs
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October 31, 2017, 08:16:05 AM |
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The general good approach would be considering any money you invest as already wasted or thrown away. If you understand that and stop treating the money as something important or needed, you will be able to trade without any emotions, therefore aiming for the cold calculations and not emotions of being rich quickly or fear of losing that money. Trading should be considered a skill of market research and calculations and for sure not like some easy way to double your salary. Deprive yourself of emotions when you open your exchange site.
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Mr.John19
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October 31, 2017, 08:25:23 AM |
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Controlling your greedy emotions is usually greedy emotional because of your fear, you need really good understanding of the system of trading. How the market moves and you can then the emotions and the fear are subsided because you understand well. Emotional management is important, especially in trading. Don’t always greedy you will lose your effort in trading.
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yrreg ger
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November 01, 2017, 12:01:21 AM |
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There is right time for the right price. Be contended on what you get because it is better than losing of capital/profit. Failure is part of successful, you need to know your mistakes to avoid it again in next you encounter that challenges. And being a trader it is not easy to become professional, we can't predict when is the time of increasing the value. I can suggest that there's a setting of price you think/satisfied that you have a profit, in this strategies you don't need to monitor always the price of coins instead if they reach the value you set it will sell.
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yanto@1977
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November 01, 2017, 12:54:56 AM |
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Close your platform, turn off your laptop and get out from there. Simple, but need hard work and clearly mindset to do that. Greed meaning you don't have emotion control, so loss will be your friend. Let your strategy become your guide, if say buy just buy , say sell just sell, and if say " cut loss " never hold it. Keep doing that and I believe you'll never greed again. Good luck.
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ipanks
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November 01, 2017, 06:06:01 AM |
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i think to avoid greedy, you should try to make one price when you want to sell your coins so you don't have to change the price if the price trying to increase too often. with this, i think after you decide the price for sell, then you can close the browser and do another activity so you don't have to be greedy. it is not good to have greedy in trading because it will makes you can not control your emotion and finally your trading will fail without making any profit at all.
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huige007
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November 01, 2017, 05:48:56 PM |
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It is imperative that you always set targets for your trades and then stick to them. The feeling of being too greedy and then losing your profit is far worse than when you sell early and could've profited more. It is the best thing to plane well in the bitcoin because the value and the price of the bitcoin is now increasing more and more so buy the bitcoin and hold it for the long time I use the bitcoin and I know how fast the bitcoin grown and how fast the bitcoin will go I love to buy the bitcoin and I know it is the best thing to trade in it but you will have to be patience and wait for the long time.
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lienfaye
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November 02, 2017, 05:28:57 AM |
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Greed is usually the hindrance why of some us failed to earn in trading , letting your emotions control of your actions can really affect your decision in buying or selling. We should set aside our emotions and have a concrete plan or strategy when you trade and dont think of being rich quickly. Its better to prefer for the worst so you will be prepared whatever the outcome is.
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