Indiscipline and Greed

[xSkylarx]

That's why we're always advised to trade and invest what we can afford to lose so we'll never have huge regrets in the future. It's just a matter of self-control. Controlling our urge and emotions will be a big advantage because our future situation in crypto world will depend on our current decision making. Knowing how to deal with the market and continuously learning about the basics of trading is also important.

[plvbob0070]

In trading, we need to be smart enough and don't make sudden actions without thinking or planning it. And one of the common factors that affects our thinking in trading negatively is when we let our emotions and greed control over us. When greed comes, we only think of earning high profits at short span of time and that's the reason why some people end  up losing instead of earning profit. Also one thing in trading, we shouldn't rush ourselves with earning because there's a right time for that.

Just an addition, proper doing of analysis will help you to avoid loses and at the same time, it will help you earn good profit.  And aside form proper knowledge in trading, we also need proper control with ourselves to aim our goals.

[Furryball]

Trading is more like gambling, the risk is more like investing in other coins but if we can only gamble with little money we can afford to lose we won't feel hurt but be reminded that without failure there will be no success, failing is the right path

[lienfaye]

Trading cryotocurrencies is not so easy but very profitable.  majority find it difficult to retain their profit after a successful trade which is mostly caused by greed and indiscipline. When you have made enough money, it's better to call it a day and wait for another day of opportunity. Instead, indiscipline will make you open another trade to make more money which is what usually  lead to  losing the profit you already made from your first trade. Anyone can make this mistake and the most important lesson is to learn from our past mistakes because the mistakes are the lessons.

Thats why we can say that trading is somehow similar to gambling because even we already earn, our mindset is not contented with what we already have and causing to open another trade then facing a mistake and lose the money. However if you have discipline and know your goal, you can prevent yourself for being greedy. So it depends how you control your emotions to not become a kind of trader that has no plan and strategy to follow.

[FireBallex]

If human can control greed no one will want more, if you make a good buck today you will definitely want more tomorrow, rich people even want to get richer so tell me how can we control greed? It's impossible, I want a good life is why im in crypto space today

A rich man once said ' be greedy when others are fearful', greed is a tool on its own, it's just that people use greed wrongly, if you use it right it will favour you

[inanilujimi]

while you are ready to accept the risk, in my opinion there is no problem trying to continue trading every day when it gets maximum results.
it all depends on luck and the choices we make.

[FairUser]

It depends on the trading strategy, I don't care about making big money in 24hrs, all I do is buy dip and sell high, sometimes it takes a single day and sometimes it takes weeks, just wait for the time to come again

Absolutely, we need to have a strategy in this market. If we set a goal of earning profit every day, we will surely make mistakes. Because the market changes every day and sometimes the market collapses and we will not be able to make a profit with it, just buy low and sell high in this market.

[koang]

The ability of technical analysis and fundamental analysis must be possessed by a trader but all of it will be of no use if they are
not disciplined in implementing trading strategies and do not have the ability to control emotions.
If we are disciplined in implementing the trading strategies that we have designed without involving feelings such as fear or greed,
we will not be victims of the market.

[Perfect35]

A normal trading activities entails that you take what you have gained and continue to trade with your main fund, you can continue with your trade. With time, you would have realized from your profit, all that you initially started with and may have gained more. Also, trading can not be the same at all times or better still, cannot bring much yield at all times, you should know that. you might also lose at some times, so, the profit you made earlier will help you coverup for any loss in future.

[Dart18]

Mostly greed is what my emotions tells me.
I will just find it out after I lose all the profit that I made.
Just like they say you will regret it only at the end.

I don't regret the experience though. Somehow I learned something and made me think of what should I do the next time I am in the same situation.
Better to also make it happen. But the foolish move is to not learn anything from what you have done.

[cytpoway121]

Trading cryotocurrencies is not so easy but very profitable.  majority find it difficult to retain their profit after a successful trade which is mostly caused by greed and indiscipline. When you have made enough money, it's better to call it a day and wait for another day of opportunity. Instead, indiscipline will make you open another trade to make more money which is what usually  lead to  losing the profit you already made from your first trade. Anyone can make this mistake and the most important lesson is to learn from our past mistakes because the mistakes are the lessons.

I totally agree with you. In other to remain in profit in the crypto currency sphere, there's a sincere need to be diciplined, stick to principles and avoid greed.

Because once emotions and get Rich quick gets into position with us as trader, there's a prone to make unnecessary errors and loses.

Always dyor

[SaidNurs]

besides cryptopun in the world of indiscipline and greed will have a bad impact on people doing money, therefore it is worth avoiding. In the world of cryptopun it really needs to watch out for, with what has been achieved before, if the disdain and greed occur, then it will be in vain what you have built so far. Think positive and wise

[JoMarrah Iarim Dan]

Trading cryotocurrencies is not so easy but very profitable.  majority find it difficult to retain their profit after a successful trade which is mostly caused by greed and indiscipline. When you have made enough money, it's better to call it a day and wait for another day of opportunity. Instead, indiscipline will make you open another trade to make more money which is what usually  lead to  losing the profit you already made from your first trade. Anyone can make this mistake and the most important lesson is to learn from our past mistakes because the mistakes are the lessons.

You are right. If we are indiscipline and we are greedy, it will never have a good and positive result trading, and in our life. We must learn to be contented if there is anything given or anything gained. Give chance to others and luck of the first trade may not be the same luck on the next trade you've made. Stop after 3 wins or 3 losses in a day. You are nit rich enough to lose all your money nor not poor enough to still want more after you win.

[Dr.Osh]

Most traders are not disciplined in the problem of holding a coin. sometimes we panic so quickly and are quite unstable in choosing coins. in addition, greed is also one of the causes of profit failures, even large losses. I think a lot of successful traders out there because they have applied discipline, and not so greedy to achieve profits.

[Rosilito]

Trading cryotocurrencies is not so easy but very profitable.  majority find it difficult to retain their profit after a successful trade which is mostly caused by greed and indiscipline. When you have made enough money, it's better to call it a day and wait for another day of opportunity. Instead, indiscipline will make you open another trade to make more money which is what usually  lead to  losing the profit you already made from your first trade. Anyone can make this mistake and the most important lesson is to learn from our past mistakes because the mistakes are the lessons.

It looks pretty easy to do but it is really hard to execute when it comes to personal behaviour. Because unconciously people are doing such stuff continuously disregarding the idea of what they already had then totally forgetting what's on their pocket already on their consecutive trade. And later will regret it when they run out of funds, and will realize that they even used the supposedly profit they should have. Well, blame is for 'em all because no matter what advices we spit out here if they won't take any action with that, if they will be indisciplined still then nothing would work here.

[gundala]

That's what I always say to my friends who want to learn trading: this is not an easy thing and can bring instant wealth, it takes process, learning, mental training and patience. Often, because of greed, forcing to enter the market again and it turns out after that the price movement is not as expected and the previous profit disappears. When trapped the market also must have a strong mentality, must be prepared to lose because often the analysis does not match reality.

[Kemarit]

This are two emotions that people need to control if they wanted to stay long in the game and profit more.

However, it is very hard to do so, specially if you are in a winning ways and you felt that every trade you made will make you a lot of money. - Greed

And doing so, you don't think logically, your decisions are clouded, you think you have total control of it, and it the end, you didn't know when to get out. - Indiscipline.

[Jating]

Trading cryotocurrencies is not so easy but very profitable.  majority find it difficult to retain their profit after a successful trade which is mostly caused by greed and indiscipline. When you have made enough money, it's better to call it a day and wait for another day of opportunity.

Human nature, you want more money, but you don't know that the more you chase it, the more likely you are going to end up with nothing. This is so true in crypto trading.

Instead, indiscipline will make you open another trade to make more money which is what usually  lead to  losing the profit you already made from your first trade. Anyone can make this mistake and the most important lesson is to learn from our past mistakes because the mistakes are the lessons.

And we do hope that crypto traders are going to learn from this expensive lessons. You need to be cautious and think of your every move, otherwise one mistakes will make that profit go away. And then you chase it, resulting in more losses until such time that you can't get out already.

[Astvile]

Most traders will most likely go for higher % of profit people are not getting contended when of what they are getting. One main problem too is jealous, I've seen many people who lose their money in trading by jelous because they saw someone who earn more money than them they aimed to surpass it and just ended up them losing more money.
We traders should have a qouta that we should follow so we can climb easy and steady.

[DarkDays]

Well, the vast majority of traders enter the market with absolutely no training whatsoever simply because they believe that the market will always be bullish.

However, most traders soon enter the market and find that they lose money, because it isn't as easy to trade cryptocurrencies as it first appears. Instead, they would have actually made more money if they just adopted a buy and hold mentality rather than attempting to trade.

People seem to have the delusion that cryptocurrencies are easier to trade than traditional assets, and as such, people don't need any financial understand or education whatsoever to jump into the market.

These people soon find themselves rekt when they realize they're up against automatic trading algos and hedgefunds that absolutely destroy small fry plebs with no understanding of economics.