fiulpro (OP)
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April 07, 2019, 06:50:16 PM |
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Selling or buying investments ? As a bitcoin trader the hardest decision that we can ever take is , selling our beloved cryptocurrency and this is preety hard because of :-
1. Our emotions 2. Our lack of knowledge 3. Hope !
Well you all can relate to the fact that whenever we are into selling something, we take hasty decisions, generally if the price is falling and we lack patience and even if we are scared that this can go worse in the future we generally sell and then regret moments later when we see it climbing ladder. Even if the price is going great and its increasing we generally tend to regret if we sell it and the price continues to grow. This is really hard once our emotions are involved with our investments. I think that the best thing we can do is separate our emotions with our investments. We should kind of make a pact to never regret any decision that we ever made because in the words of Victoria Holt “never regret, if it was good , its wonderful and if its bad, its experience.” I think what’s important is taking into account every single detail in the market regarding our investment and at the same time emotionally detaching our minds and making stable decisions and that’s what makes a investor successful. Also someone has truly said “the investment market takes money from the hasty one and gives it to the patient one”
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pishite
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April 07, 2019, 07:32:46 PM |
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Emotions play an important role, tested on itself. There were similar cases when sell, and then regretted. But here you can not guess, can the course go up or fall like a climber from a high mountain. Therefore, an investment needs a cold head - chose a project and expect growth, periodically looking at the mood in the market.
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gantez
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April 07, 2019, 07:33:39 PM |
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I think our emotion makes us a good trader too because if we have control of the emotion, some moves that we see with candlestick spikes won't scare us to exit the market Emotion too breeds patience. For us to be a good trader, we need to be super patient.
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kamilah147
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April 07, 2019, 11:26:31 PM |
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in investment with crypto currencies it takes confidence and as a good investor of course by providing news or positive information about the crypto currency that we use in its investment
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tetyulfania
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April 08, 2019, 04:19:34 AM |
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Good investor keep holding their asset although price still lower and keep it until price back to higher, always support with their asset by promoting always their altcoin holding.
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Jocuserious
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April 08, 2019, 04:42:54 AM |
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I think so emotions help us to be a good trader And to overcome the emotions, you have the ability to take patience. I'm all in the crypto market so patience, emotions, knowledge everything we want to do. Even i believe it in investment want take more patience time and traders need good knowledge. The I hope it will be possible to makes profit ability.
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Yaunfitda
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April 08, 2019, 05:25:59 AM |
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In order to became successful, you need to have a strategy to overcome your emotions.
A good entry and exit strategy is a good start. You can write it down specially your exit strategy because that's where our emotions come into play. Most of the time we don't want to sell because we are hoping that the price could still go up. But what happens when the price go on the opposite? Regrets.
So if you have a exit strategy and follow it to the tee, then you don't have to look back and say you made a bad decision, just saying.
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breathlessz
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Trphy.io
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April 08, 2019, 06:56:39 AM |
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I think so emotions help us to be a good trader And to overcome the emotions, you have the ability to take patience. I'm all in the crypto market so patience, emotions, knowledge everything we want to do. Even i believe it in investment want take more patience time and traders need good knowledge. The I hope it will be possible to makes profit ability.
besides being patient, we need analysis as a guide. with good analysis, of course it will get closer to the goal, and for the discipline of analysis, we need patience, so that what is planned in accordance with the target
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Bitinity
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April 08, 2019, 07:03:16 AM |
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Selling or buying investments ? As a bitcoin trader the hardest decision that we can ever take is , selling our beloved cryptocurrency and this is preety hard because of :-
1. Our emotions 2. Our lack of knowledge 3. Hope !
All above three reasons are correct as I experienced myself when I was in the beginning phase but I can learn how to overcome it time to time as we are learning by doing. Sometime it is hard to take decision to sell because of news, FUDs, and other's suggestion. A way that I use to overcome this hardest decision is by setting a target of profit and limit of losses. So I will sell my investment when it reach my target but of course I take a look at the market situation as well. If there is a chance to see the price goes higher then I will sell half of my investment and keep the rest for higher price.
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CryptopreneurBrainboss
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eXch.cx - Automatic crypto Swap Exchange.
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April 08, 2019, 07:08:27 AM Last edit: April 08, 2019, 08:42:52 AM by CryptopreneurBrainboss |
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Selling or buying investments ? As a bitcoin trader the hardest decision that we can ever take is , selling our beloved cryptocurrency and this is preety hard because of :-
Are you speaking in respect to an investor or a trader? When it comes to trading the NO1 thing you should give attention to is your emotions, put it in check don't let it overshadow your decision making. As for selling your assets, we have crypto related loan project that we can leverage on or even make use of those offering the service on the forum (but beware of scammers). When you went to cash out but don't want to sell your assets (coins) you can Loan them for other coins and cashout, that way, you'll still make profit on future price gain of your coins when you get them back after paying back the loan. What makes a good investors is knowing what to do, how to do it and how to take leverage of new system in the crypto-ecosystem.
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mu_enrico
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April 08, 2019, 08:22:10 AM |
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Are you speaking in respect to an investor or a trader?
Yeah, now people think if they buy cryptocurrency, they will become an investor. I remember how @theymos used the phrase "investor" as an April fools badge last week. To become an old school investor (not trader or speculator), you should know the company that you want to invest. Study its prospectus: business plan, financial statements, organization chart/structure, and other business variables. Capital gain is not the only motive though. Some investors also want stable profit sharing.
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alisafidel58
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April 08, 2019, 08:59:56 AM |
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When trading you really need to set aside your emotion like couping up from a loss. If you just wait enough these losses will be recovered just don't panic. The lack of knowledge is the major reason why new investors came to a loss with studying the market, which is why before I trade I make sure that I have enough research and evaluation of the coin.
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klaaas
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April 08, 2019, 09:18:39 AM |
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Market sentiment is a part of the trades made for sure. Spike or dips can be driven on emotion, a trader would definitely keep inn mind it got influences. Pick a amount you will be emotionless about and treat it that way. Even that could be hard ; )
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befriendmywater
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April 08, 2019, 09:35:44 AM |
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those qualities are essential for you to start trading well without blundering mistakes. For me, the most important factor to succeed in investment is knowledge. We need to cultivate daily knowledge and make reasonable strategies in the future. that's what we should be concerned about.
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Mometaskers
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April 08, 2019, 10:29:26 AM |
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Selling or buying investments ? As a bitcoin trader the hardest decision that we can ever take is , selling our beloved cryptocurrency and this is preety hard because of :-
This is the first thing that must be managed - attachment. You should not feel any attachment for any possession - be it your childhood home or stocks. See them for what they are - assets. And assets are bought and sold all the time. They are disposable. If they are not profitable, you drop them. If they are costing you more than they bring in, you drop them. If they're value is going down so much and there's no chance of recovery, you drop them.
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Beerwizzard
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April 08, 2019, 11:29:03 AM |
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what makes us good investors.
Nothing. About 95% of all traders are losing all their deposit. Of course even profitable traders sometimes are losing money but wasting all your deposit can hardly be considered as good investments. Also, many people around this forum don't have any assets except cryptocurrencies. If you don't have any stocks, ETFs or other things, that are considered as safer assets then you are still not a good trader. If you got lucky and sold your shitcoins over the buy price it doesn't mean that you are cool.
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Odessit_ya
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April 08, 2019, 11:37:49 AM |
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I think that most investors do not have much experience in trading, and therefore I think that the positive features of a good investor are patience, calm and optimism in the future ...
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Muzika
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April 08, 2019, 11:40:14 AM |
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People should set aside emotions when investing or doing a trade because it may really affect the outcome of what we should do, like when you holding a particular coin for example bitcoin, once you put your emotions you will fail to have a good profit like what you can see for the past days if you will sell in panic then you emotions are on the front of what you should do, many people on that day are selling because on their mind they are going to earn but in small amount unlike if they wait and not going to sell together with those people who are selling in the midst of bull.
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Gozie51
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April 08, 2019, 12:04:47 PM |
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I have read many users talking about emotions which is exactly correct but there is another aspect of trading which without it, our emotions or patience won't work . I'm talking about a good and working strategy. Is obvious that if you don't have a good plan, you don't even no whether you should be patient because you don't understand what is happening.
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Rufsilf
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April 08, 2019, 12:29:55 PM |
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I have read many users talking about emotions which is exactly correct but there is another aspect of trading which without it, our emotions or patience won't work . I'm talking about a good and working strategy. Is obvious that if you don't have a good plan, you don't even no whether you should be patient because you don't understand what is happening. As they think that being an investors will be an easy work for them, even though they don't have knowledge about this but they are trying to pretend their self that they know lot. This is a common fails of investors and they might be learning for this perceptions. If we want to be a good investors, it is very important to know the place we should be and consider a role of an investors.
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