Indiscipline and Greed

[Saisher]

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.

This is one of the reason why I stopped doing trade, you have to lose first before you can realize profit and even if you want to have fun trading you can't because you are looking at a lot of chart and you need a good timing I cannot compare it to gambling because I'm ok with gambling because I am not after a win or profit just for fun something it's hard to do on trading.

[reallester]

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 support you... a lot of people make monies or rather profits from their trades but end up losing all dues to greed and indiscipline. When it comes to cryptocurrency trading one needs to be extremely careful and shun greed at all cost. Otherwise one could lose a whole profits plus capital invested.

[Kotone]

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.

Greed is indeed unstoppable for people who wanted more. You cant advise people like those to change easily especially when they are already hook with their prime habit of earning. Yes trading is riskier than any business out there and making money isnt bad as long you control and use your sense with confidence. Many people dont realize how much money they giving away from the market and these money are taken advantage by those experienced one.

[michellee]

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 support you... a lot of people make monies or rather profits from their trades but end up losing all dues to greed and indiscipline. When it comes to cryptocurrency trading one needs to be extremely careful and shun greed at all cost. Otherwise one could lose a whole profits plus capital invested.

So we know that indiscipline and greed will take part in trading, especially if we can make a profit. We can forget the time to stop trading because we want to get another profit, then that can make us make a wrong analysis related to the current market. We can miss something from the market because of our greed. The market itself will move from low price to high price, and that will move to another price so we need to know if we can still trading or not.

[Twinkledoe]

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.

Greed is indeed unstoppable for people who wanted more. You cant advise people like those to change easily especially when they are already hook with their prime habit of earning. Yes trading is riskier than any business out there and making money isnt bad as long you control and use your sense with confidence. Many people dont realize how much money they giving away from the market and these money are taken advantage by those experienced one.

Greed is human nature so for those who want more, they will really find ways to get more. Up until it is not in favor on them anymore. If a trader wants an assurance, he will be more conservative in buying and selling. But sometimes, if you are already in the process of selling and buying, the adrenaline rush is there and sometimes you don't know where to stop.  But for those who will lose big amount money, that's when they will learn their lesson.

[koang]

This is one of the reason why I stopped doing trade, you have to lose first before you can realize profit and even if you want to have fun trading you can't because you are looking at a lot of chart and you need a good timing I cannot compare it to gambling because I'm ok with gambling because I am not after a win or profit just for fun something it's hard to do on trading.

If you like instant gratification, trading is not for you.
And trading activities can only be liked by people who like to manage money, have assets and people who like arithmetic.
Because a trader must have a long-term perspective

[Mulann2]

Greed can take away everything if we are not careful or make you regret as well, although am not a trader but I do know what it means for someone to learn to exercise patient especially in crypto space,
few days back I bought some few bch as the price was down a bit, I waited few days to sell and gain some profit, now am patiently waiting if price will go down a bit so I can buy back.
Patient is key to virtually everything we do.

[gabbie2010]

Once I earn a reasonable amount of profits I usually close my trade percentage of profits earned notwithstanding I knew that more opportunities still is ahead.
Many traders especially newbies don't know that correction in price of cryptos is usually massive and can take a large chunk of already earned profits.
Greediness and emotions are major factors responsible for many losses experienced by new traders, however the OP had made salient idea on how to prevent them.

[TheClownSong]

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.

Trading in my opinion is not suitable for everyone. Only people with discipline and not greedy can last long. With price movements high enough, I think trading also requires thorough technical or fundamental analysis

[trauchot]

I agree that if you have already received profit today in cryptocurrency trading, then it is better to relax and think out a strategy for the next day, and of course, each trader has his own strategy and plans, so all traders have different profits and different money losses.

[posporo]

There are people who just received their coins or tokens are selling it instantly for small price especially newbies who lacks discipline for holding it. That is one of the cases why the price of it is dropping. We must avoid our greediness for a small amount of profit to gain much more in the near future.

[totoy4741]

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.

Trading in my opinion is not suitable for everyone. Only people with discipline and not greedy can last long. With price movements high enough, I think trading also requires thorough technical or fundamental analysis

It is for everyone as long as you are capable of reading the chart or cadle stick to predict your entry. But being greedy or indiscipline depends on person who are making trades. It is like a gamble if you are winning then all you think is go all in until you lose your profits, even getting carried out your capitals.

[Serious475]

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.

Yes I think that you are right because I know that persistence here in cryptocurrencies can bring you into somewhere and if you have knowledge and experience and patience in everything that you  are doing and I think that it will be great because you are gonna earn so much here in cryptocurrencies and I think that you don't need to be greedt but you need to focus on your own earnings and don't let others think that you are earning low but you need to use that as a inspiration because you need to earn for yourself and don't think what others are saying to you and focus on yourself.

[Desscount]

There are people who just received their coins or tokens are selling it instantly for small price especially newbies who lacks discipline for holding it. That is one of the cases why the price of it is dropping. We must avoid our greediness for a small amount of profit to gain much more in the near future.

now people don't care about the price, if you follow the bounty or airdrop then you will sell it when your token has been distributed,
this is not his fault, but this is a tradition

[Festac]

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.

Actually I think you are right, I was able to make good 400$ profit from trading with BTC/USDT pair on KUCOIN, I was so happy I got to that stage, instead of pulling out my profit greed get hold of me and I place another order, unfortunately I lose it all, I ended walking away with 10$, Greed is really not easy to beat but you just need to do it so that you can progress

[jcpone]

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.

Being greed is one of the negative behavior that shouldn't apply to all individual traders. But we can't still people who are always depend of quick earnings, but if we are all have a self-discipline and willing to wait at the right time to sell the coins We hold, for sure in the end we will get what we want to achieve 100%.

[BlacksmithCorporation]

I think most traders are aware of the problem you raised, but to really control greed and discipline is a difficult process, many will give up right from the first step. .

[danherbias07]

Did this before with one of my tokens from bounties.

It was not just enough for me when I sold it.
I want more.
There's a reason behind it. Before I sold the tokens I am trying to monitor the way it moves and it is swaying hard.
Maybe that is why I had the idea to buy and sell it without thinking of losing more.
I lose half the value of it and concede.

Telling yourself it is enough is a difficult task.

[electronicash]

Did this before with one of my tokens from bounties.

It was not just enough for me when I sold it.
I want more.
There's a reason behind it. Before I sold the tokens I am trying to monitor the way it moves and it is swaying hard.
Maybe that is why I had the idea to buy and sell it without thinking of losing more.
I lose half the value of it and concede.

Telling yourself it is enough is a difficult task.

its difficult to tell yourself enough when you are winning as well. and then you will try again even when obviously there is no sign that the market will move somewhere.

i have done these many times. i often find myself asking why did what i did and then cancel the order and look back again to continue the same position i once cancelled.
i eventually learned after numerous mistakes i did but that is after losing more of it.

[batang_bitcoin]

I think most traders are aware of the problem you raised, but to really control greed and discipline is a difficult process, many will give up right from the first step. .

As you said, it's a process.
As long as you went through that process and realization, you'll start to take notice of it and you might not do that mistake again. Unless you're too hot and you become aggressive with your trades, then nothing can stop you even yourself. Being aggressive is the reason why some traders are losing despite having the qualities and experiences that's enough for them to avoid such mistakes.