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Author Topic: start trading again carefully and don't be too ambitious to get big profits ...!  (Read 898 times)
shesheboy
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May 18, 2019, 10:52:32 AM
 #41

That's the main problem a trader is facing. When they earn peofits, they want more and they want huge. That is called, "greed". I do realized that many times and countless times I fall because of that ambition. You were right, let's not too ambitious to earn big profits to keep our track in trading and let us create a positive mindset.

Having that kind of mindset is not bad but its actually good and bneficial in the long run because that gives you an edge to push your self more  . I remeber once , there was a saying that says dont limit your self . Dont say that you already reach your goals , instead aim for more . The purpose why we are here trading is because of the money,because of the profit ,we all want to earn more and we all want to earn big  .
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May 18, 2019, 11:07:47 AM
 #42

That's the main problem a trader is facing. When they earn peofits, they want more and they want huge. That is called, "greed". I do realized that many times and countless times I fall because of that ambition. You were right, let's not too ambitious to earn big profits to keep our track in trading and let us create a positive mindset.
greed is not bad you have to know when to greed and when to fear , when price are increasing like now in bitcoin you think greed is bad then you would have made couple of dollars and would regret ,   
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May 18, 2019, 11:25:45 AM
 #43

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.
That is a pretty good advice there, for some of us who are not long time holders; we just need not to be too greedy when trading, because greed makes us to lose everything. I respect myself a lot, I already know the level of my greed and that is why I limited my own trade to Long term investment (Holding).

The funny thing I see in this trading is that when bringing out capital to invest and trade with, we are not always greedy, but when it comes to taking profit, virtually all traders are greedy, which is the reason why you would see someone wants to trade with $10 and wants to make fortune out of it within few months, and when they get the chance to take that small profit, they fail to take it.

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May 18, 2019, 12:13:08 PM
 #44

Trading is a good way in earning some good amount of money in crypto industry but not all the crypto lovers can easily trade and earn profits.
Trading really need some research, tools, good source of information and experience in order to reach your target while trading.

Others think that trading is very simple and many of them lost their investment because of this kind of behavior. Being ambitious is also one of the behavior that you need to control in order to become a professional trader someday. Remember this "Only newbies will panic once the price will start to go down".

superscommessebitcoin
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May 18, 2019, 11:14:24 PM
 #45

Correctly. You should set a goal not to make a big profit, but to gain knowledge and experience. You have to become a good trader, and a large income should be in the background.
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May 18, 2019, 11:59:09 PM
 #46

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.
Simple yet theres a lot of things in the message thanks for sharing, even i myself many times before i've been losing big amount because of being like that whilst many other pro says profit is profit and i am not contented with that i will only sell when my entry price was hit or near to it believing that it was only a retest but often times its not. This is a real thing now i learned from it everyone who will read this follow it, Don't be so ambitious in thinking that the price will more goes. have your own trade plan that whenever gives you a profit save some amount be wise in trading.
Vaculin
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May 19, 2019, 12:13:10 AM
 #47

Trading is a good way in earning some good amount of money in crypto industry but not all the crypto lovers can easily trade and earn profits.
Trading really need some research, tools, good source of information and experience in order to reach your target while trading.

Others think that trading is very simple and many of them lost their investment because of this kind of behavior. Being ambitious is also one of the behavior that you need to control in order to become a professional trader someday. Remember this "Only newbies will panic once the price will start to go down".
Yes. Trading takes time to learn so we should not expect to make big profits in just a short time. A good trader should be knowledgeable and a resourceful one so he can trade successfully even if the price market suddenly turn sideways. Being patient is also is a great factor to make one's trading profitable too.
Shenzou
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May 19, 2019, 01:05:27 AM
 #48

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.
I totally agree, but one of the most important thing is that you have to know what you are doing, most of the comers and the ones who are trying to make money from trading at first, they just get jumpy and they get impatient and overwhelmed by the the information, and greed drives and lose their money quickly, and also they just tend to believe any predictions and anyone out there that is telling people either to buy or sell, and all of this because they lack knowledge, trading needs deep understanding and patient in order to make profit.
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May 19, 2019, 02:15:46 PM
 #49

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.
What sustains any successful trader is cutting short losses and allowing profits to run. It's not that there are traders who don't record losses at all. This isn't possible because profit and loss are an integral part of trading. To surpass this hurdle of always losing a trade, one needs to constantly oil one's trading skills. As for being ambitious in getting bigger gains, there isn't anything wrong with that with the right mindset and skill.

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goaldigger
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May 19, 2019, 02:23:22 PM
 #50

There's one world that summarizes it all. Greediness. A smart teader should know how and when to buy or sell coins. He should also posses control and patience in order to succeed in his profession. Now. If he would be riding through his emotions and eagerness to acquire more rather than to think smart, he would end up loss. Trading is very critical. We should always be cautious about everything.

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mace15
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May 19, 2019, 10:24:18 PM
 #51

There's one world that summarizes it all. Greediness. A smart teader should know how and when to buy or sell coins. He should also posses control and patience in order to succeed in his profession. Now. If he would be riding through his emotions and eagerness to acquire more rather than to think smart, he would end up loss. Trading is very critical. We should always be cautious about everything.
When trading crypto at first know the risks and set a goal for the profit. Without setting a goal during trading we might end up loss after all of our effort. Also, to be ambitios in getting big profit it resulted of being greed might as well focus on a goal that you wanted to achieve and enough profit.
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May 20, 2019, 04:47:45 AM
 #52

There's one world that summarizes it all. Greediness. A smart teader should know how and when to buy or sell coins. He should also posses control and patience in order to succeed in his profession. Now. If he would be riding through his emotions and eagerness to acquire more rather than to think smart, he would end up loss. Trading is very critical. We should always be cautious about everything.
When trading crypto at first know the risks and set a goal for the profit. Without setting a goal during trading we might end up loss after all of our effort. Also, to be ambitios in getting big profit it resulted of being greed might as well focus on a goal that you wanted to achieve and enough profit.

Having an ambition isn't that bad at all though. All of us wants to make big profits when trading. I think we just have to be reasonable.  That way, we can gauge if we're already bordering on being greedy. Your ambitions can act as your goal or motivation to study the market thoroughly and take everything as a learning step towards what you aim. It's just that we need to know how far we have to go to get to them.


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BitHodler
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May 20, 2019, 06:13:14 AM
 #53

It's not that there are traders who don't record losses at all. This isn't possible because profit and loss are an integral part of trading.
Even the best legacy traders in the world don't always end up closing a profitable position, and that while people here say that the stock market is easy to trade on, which obviously isn't the case.

To surpass this hurdle of always losing a trade, one needs to constantly oil one's trading skills.
You can't always lose with trading, not even if you blindly buy and sell at a random price. The luck factor that plays a role will make you profit from certain trades even if they don't make sense, that's just how it works.

In the long run you'll either end up with a big bag of profit or with severe losses, but not to the degree where you lose everything at once, unless you go all in on a single trade and you get liquidated in the process.

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May 20, 2019, 06:24:49 AM
 #54

I think being ambitious is not totally bad. If we believe on our strategy and the rate of our profit taking is far higher than probability of losing, so why being scared of being ambitious.
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May 20, 2019, 06:46:56 AM
 #55

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.
Greed always give bad result. We have to be carefull in this cryptocurrency investment world anytime. Just follow the majority of investors. If most of us think that its time to cut loss then we should follow it. Although it will make panic selling in the market but atleast we can safe our fund. And when it is the time for bitcoin price increase then we can contribute to panic buying in the market so by that way we can gain profit in this cryptocurrency invesment.
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May 20, 2019, 06:52:27 AM
 #56

The best method about this is Risk Management, you need that method to minimize your losses and profits also. Like risk: reward ratio, before entering into a trade, you need a plan, how much would you like to risk on that trade and how much would be the reward if that trade will success?
Simply put your stop-loss for every trade and your price target on your every trade.

Try to watch this video, it is very well-explained how the risk: reward works. Crypto-Trading | Risk Reward Ratio

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May 20, 2019, 06:58:52 AM
 #57

It all depends on the traders some of us aims for a big profit and that is why they are called hodler because they bought it for a long term hold and they believe that those investment would give them a huge profits.
Some of us are happy even with just a small profit , To be honest I am one of them I like to do quick trades where I would just go claim my profit even if it is just around 5%.

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May 20, 2019, 07:46:02 AM
 #58

That's the main problem a trader is facing. When they earn peofits, they want more and they want huge. That is called, "greed". I do realized that many times and countless times I fall because of that ambition. You were right, let's not too ambitious to earn big profits to keep our track in trading and let us create a positive mindset.
Is there really any trader that is not guilty of these? Everyone wants a big profit from this market that has the capacity of giving you for as much as you want. So if I desire to take more profit, I need to develop a very good strategy, with a very good strategy, greed won’t be an issue, because greed sometimes is good, it pushes you harder to maximize your potential, the only thing that is bad s when you are being too greedy.

Greed is only when you put little money and wants very big money in return, which isn’t going to work, our greed should be to invest heavily and trade normally, even with little price increase, you will definitely make more than expected. 
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May 20, 2019, 09:23:24 AM
 #59

I think trading should always be done with planning.Whenever you trade or planning to invest in bitcoin just remember cryptocoin market price in mind.We should not be greedy while trading, because this can ruin our entire planning and we can go to Loses instead of Profit.
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May 20, 2019, 10:23:13 AM
 #60

That's the main problem a trader is facing. When they earn peofits, they want more and they want huge. That is called, "greed". I do realized that many times and countless times I fall because of that ambition. You were right, let's not too ambitious to earn big profits to keep our track in trading and let us create a positive mindset.
You do not have to loose heart with a little loss because you know crypto has a lot to offer and one loss in say Bitcoin should not stop you from making money in the said coin. You need to focus on the down costs all the time. If you do not try to make a margin for yourself at time of purchase/investment, you will find it very hard to take care of the profit/margin when trading.
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