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Author Topic: start trading again carefully and don't be too ambitious to get big profits ...!  (Read 656 times)
Joyawan13
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May 16, 2019, 06:20:15 PM
 #1

let us trade well without ambition to get big profits, the desire to get big profits in trading is very reasonable, of course, but for example we are very ambitious and not careful in trading your day, it will all cause us will be trapped, and in trading avoid panic for example there will be a decline, because you have to think that prices will be able to rise again, let's trade with our self-speculation which of course can be even better again.

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May 16, 2019, 07:10:22 PM
 #2

Personally I never stopped trading through the bear market. I see BTC as the global reserve currency and therefore trade to increase my BTC stack. Still, even through BTC dropping 70+% in value, my USD value has gone up tremendously.

Professional traders practice their craft in (almost) all types of markets.

If you're interested in learning how to trade, check out Voodoo Crypto!
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May 16, 2019, 07:12:45 PM
Last edit: May 16, 2019, 07:25:40 PM by leowonderful
 #3

There's a pretty simple way to counter being too greedy in your trades. When you make a trade, set limit orders (and any applicable stoplosses under your entry) where you want to close out your order and leave them there, and make sure you adhere to whatever plans you have as well. You might miss out on potential profits and take profit too early, but that's better than holding through a pump just for it to fizzle out and retrace and perhaps end up in a loss.

Also remember there is always a better entry out there if you ever feel bad about where you exit a trade. If things go wrong, wait and look for another good entry. Patience pays off in trading.

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May 16, 2019, 07:24:28 PM
 #4

That's true. We could set a target goal and aim for the best but we should not be greedy because it could mislead us and might ruin our strategy. We should focus on gaining a reasonable profit. If you're a smart trader, you could still gain a good profit no matter what the situation of the market is.

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May 16, 2019, 07:31:30 PM
 #5

Good stuff op. Firstly, invest only what you are willing to lose. Secondly, I advise long term HODLING instead of day trading unless you are confident that you can manage trading in the short term through research and sufficient experience.

Everyone knows that you need to trade smartly to earn healthy profits in this volatile market.


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May 16, 2019, 07:42:23 PM
 #6

let us trade well without ambition to get big profits, the desire to get big profits in trading is very reasonable, of course, but for example we are very ambitious and not careful in trading your day, it will all cause us will be trapped, and in trading avoid panic for example there will be a decline, because you have to think that prices will be able to rise again, let's trade with our self-speculation which of course can be even better again.

The thread title should changed to trade carefully "while" aiming for big profits.

Like you said it's reasonable to have a desire for big profits but I'd rather see a new trader who will have an ambition like that so that they will push for it. Of course along the way, they should properly follow some of the trading protocols so that they will reach their target in a right path.

Controlling oneself might be a problem as emotions are always there. What matter here is, always continue to trades. Experienced will be the great foundation of anyone in order to have a successsful trading experience.

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May 16, 2019, 07:46:12 PM
 #7

That's true. We could set a target goal and aim for the best but we should not be greedy because it could mislead us and might ruin our strategy. We should focus on gaining a reasonable profit. If you're a smart trader, you could still gain a good profit no matter what the situation of the market is.
greedy could make our trades messy.the profits that we collected in previous trades could be losses and ofcourse we will regret with our strategy.focusing in our target and don't changes it will help us to survive.

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May 16, 2019, 07:51:59 PM
 #8

yes and indeed that is exactly what we have to do even though sometimes the feeling of dissatisfaction with what we have always comes up, in other words we should not be greedy because if we are too greedy then we can lose a profit that should be in our grasp.

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May 16, 2019, 07:58:38 PM
 #9

It is all reasonable what you say, being careful, going small, and not being too ambitious. One thing I wanted to comment, though:

but for example we are very ambitious and not careful in trading your day, it will all cause us will be trapped,

You should never allow to be trapped. And there are ways to avoid it. That's why stop losses were invented. If you trade without stop losses, sure, you will be trapped if the trade goes in the wrong direction. But why would you allow that. Better to lose a small part of your portfolio than to be trapped. 
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May 16, 2019, 08:03:49 PM
 #10

Greed is the bane of most traders. It is always a good idea to pick little profits as price progresses, the market is can make unexpected turns some times. Experienced trader know how to play this better.

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May 16, 2019, 08:38:23 PM
 #11

Yes, greed and too ambitious sometimes arise by themselves and that is what I feel when I am a new person in terms of trade, perhaps from lack of knowledge followed by being emotionally very unstable and if knowledge can we get emotional control by having a strategy simple for the first time and so on you can develop it widely.

Understanding that emotions are very risky for everyone is not only trade but in other fields related to money, there is truth and there is no truth because basically everyone is different from any aspect so I cannot draw real conclusions, as much as possible playing safely.
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May 16, 2019, 09:04:07 PM
 #12

I'm not an expert on trading or anything by any means. Just taking trade more seriously this year and like what you said we need to just make a profit consistently and that the hard part was, to be consistent.

I'm glad I cut my losses on SYS at 1,1k sat-is..just have a plan.
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May 16, 2019, 09:14:50 PM
 #13

...
Professional traders practice their craft in (almost) all types of markets.

this is exactly the point. i don't get it why people telling you to start trading just when everything is going to rise again. this isn't trading this is just speculating. Trading is more about money management, stop loss and take profit. if you know what you are doing you will survive every market situation...  Grin

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May 16, 2019, 09:24:59 PM
 #14

To be ambitious in my opinion doesn't translate into making wrong trading decision except if what you meant by ambition is quite different from the way I read meaning to the word. I believe many who want a quick money are all into gambling activities and not really in crypto currency trading.

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May 16, 2019, 09:47:45 PM
 #15

To be ambitious in my opinion doesn't translate into making wrong trading decision except if what you meant by ambition is quite different from the way I read meaning to the word. I believe many who want a quick money are all into gambling activities and not really in crypto currency trading.
I think being too ambitious or shall i say being unrealistic will not bring any good either in trading or gambling.Greediness is a negative attitude that should not let us prevail because it will only make us losers in the long run.With proper exposure and experience in trading,one can develop his own strategies and skills which will help him to achieve big profits in trading.

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May 16, 2019, 10:06:41 PM
 #16

Greed is the bane of most traders. It is always a good idea to pick little profits as price progresses, the market is can make unexpected turns some times. Experienced trader know how to play this better.

Greed is a human nature where it is difficult to eradicate. But if you are a professional trader, you can make profits in any kind of market, bear or bull. Big profits is always ones aim but from my end, small profits is fine as long as I'm not losing with my investments.

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May 16, 2019, 10:42:32 PM
 #17

let us trade well without ambition to get big profits, the desire to get big profits in trading is very reasonable, of course, but for example we are very ambitious and not careful in trading your day, it will all cause us will be trapped, and in trading avoid panic for example there will be a decline, because you have to think that prices will be able to rise again, let's trade with our self-speculation which of course can be even better again.
Glad i never set big target of profit for now. Maybe at least i get a little profit usually i already take it. Because for me predict price is harder than in past and for bitcoin itself, if it keep increased after i sell mine, not really fomo with it.
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May 16, 2019, 11:37:10 PM
 #18

let us trade well without ambition to get big profits, the desire to get big profits in trading is very reasonable, of course, but for example we are very ambitious and not careful in trading your day, it will all cause us will be trapped, and in trading avoid panic for example there will be a decline, because you have to think that prices will be able to rise again, let's trade with our self-speculation which of course can be even better again.
The most important part of trading is setting your goal and stick to your goal. Some traders when they see that the price continues to climb, they break their strategy and set aside their goal which is wrong. This is the reason why there's a lot of new traders who falls into a trap when the price suddenly dropped even when they already reached their target.

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May 16, 2019, 11:41:32 PM
 #19

Trading always start in educating yourself with proper knowledge or skills and gaining the right mindset as a trader. Greed and emotion is truly the leading problem of a starting trader so he/she must also learn how to manage her emotion and get rid of the greed first. Being ambitious not always bad as long as you are in control of yourself and not your ambition controls you.


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May 16, 2019, 11:47:02 PM
 #20

let us trade well without ambition to get big profits, the desire to get big profits in trading is very reasonable, of course, but for example we are very ambitious and not careful in trading your day, it will all cause us will be trapped, and in trading avoid panic for example there will be a decline, because you have to think that prices will be able to rise again, let's trade with our self-speculation which of course can be even better again.


You had a point buddy, I advice for those traders do not depend on bitcoin bullish for their trading job to possible get trap, every single coin have an demands to increase their price not to increase of the king of crypto.

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