Indiscipline and Greed

[Balili]

Without self discipline there will always be greed. Trading is a risky deal like betting, so when people trade and make profit, they will be eager to make more profits and they jump in again, eventually they might get burnt and loose all their investments. So there is need for self discipline to know when to really stop.

[1714620172]

1714620172

[ScamViruS]

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.

Without proper strategy to trade, there will be losses every day. A good trader will never take a random trade, they follow risk management well. Most traders make losses because of their greed and emotions. This requires creating your own strategy and applying it to the market. Taking a target of a certain amount of profit and using stoploss in order to protect the fund in sudden market movement. However, it requires a good knowledge of trading.

[oli123]

Greed is very noticeable in cryptocurrencies. As you write, the first good deal and comes up with the idea - to have even more. But I think it stems from human character and it happens in other situations as well, not only in cryptocurrencies.
Unless one solves this negative within oneself, greed will reappear. Certainly, you need to be disciplined and trained in this direction. In conclusion, we are just people and everyone makes some mistakes. The positive is that we can fight greed and improve.

[Olaphash]

Trading cryotocurrencies is not so easy but very profitable. 

This is in every way wrong. Trading is known to be a risk investment where most people that has no clue about it lose. Only few people make profit with good strategy. Manipulation could also make a trader lose money.

[bearexin]

Discipline is what most people lack when they are trading. It’s always difficult for them to control themselves and manage the little profits they have made. After they have made their first profit they will still like to go further and make more profit and most times it doesn’t work out for them, and they end up losing their money. It gets even worse when they decide to go further to recover their losses, instead of regaining their money back, they will end up losing even more money.

So, every trader needs to learn how to discipline themselves and avoid being greedy when they are trading. I believe I was also not discipline while trading until I make use of suggestions made my professional traders in our trading discussion board. There are lots of useful discussion are available there for any trader to make use of.

[princesspoppy]

Greed is a human nature and it's understandable, yes and at the same time, it is avoidable as long as you know how to control yourself and your emotions. It is really a good feeling when you start making profit in tradings, it is so addicting that leads you to trade and trade as much as you can in a day that on the other hand may also lead to loss of profits or worse even your capital. So yes, you need to have discipline and stop being greedy in order to be a successful trader.

[South Park]

Greed is very noticeable in cryptocurrencies. As you write, the first good deal and comes up with the idea - to have even more. But I think it stems from human character and it happens in other situations as well, not only in cryptocurrencies.
Unless one solves this negative within oneself, greed will reappear. Certainly, you need to be disciplined and trained in this direction. In conclusion, we are just people and everyone makes some mistakes. The positive is that we can fight greed and improve.

Greed also manifests itself in many other ways, one of the most common is that people want to obtain incredible profits out of a coin instead of having more realistic targets, for example the market volatility could allow a good trader to probably obtain 5% profits each month, which is huge compared to other markets in which anything above 10% per year is outside of what most traders can achieve, but there are many people that want to obtain 100% each week and this leads them to take too many risks and eventually lose everything they have.

[crustycrab666]

Discipline is what most people lack when they are trading. It’s always difficult for them to control themselves and manage the little profits they have made. .....

Although difficult, this discipline can be trained. To overcome greed, we must prepare an open heart and always be grateful for what we get. Often, this greed can disrupt the analysis, even though we already know the correction will come when approaching resistance, but because it is driven by a sense of wanting to get more profit then we force it to enter the market. If we end up losing, we can only regret it. This is an important experience, I think all traders have experienced it.

[shollyen]

Without self discipline there will always be greed. Trading is a risky deal like betting, so when people trade and make profit, they will be eager to make more profits and they jump in again, eventually they might get burnt and loose all their investments. So there is need for self discipline to know when to really stop.

Some people are already good at it, no doubt about that, but there are some that have not learnt the act of trading and because of their unnecessary attitude towards it, they are not careful in making some decisions. If you are not a trader, you can just sell or buy once and leave, coming back another day, when the situation looks favourable again. A learner should never compare himself or try to compete with a professional.

[StephenJH]

If you don't have a way and strategy, you will always get unsuccessful. As you know there is no chance to make a good profit without the knowledge and as you above mentioned discipline. For me, the best trader is who follows others and of course, learns from others' experiences, but in the end he must decide only himself, and as l mentioned he needs to have any plan, it is just so pity to make the same as others.

[Kasabus]

Discipline is what most people lack when they are trading. It’s always difficult for them to control themselves and manage the little profits they have made. .....

Although difficult, this discipline can be trained. To overcome greed, we must prepare an open heart and always be grateful for what we get. Often, this greed can disrupt the analysis, even though we already know the correction will come when approaching resistance, but because it is driven by a sense of wanting to get more profit then we force it to enter the market. If we end up losing, we can only regret it. This is an important experience, I think all traders have experienced it.

Yes. Being greedy does not contribute any good result into trading because instead of making more profits, you'll definitely fall into losing your money. Greedy and indiscipline will definitely put us into a worst situation. If we are too weak to fight against our emotions, then we cannot expect to make profits everytime we trade, but more on losing our capital.

[sandra_x]

Many a trader make a profit on a particular day and then lose them all the very next day and then repeat the cycle, almost akin to making wild guesses. Professional traders are plan their trade right before hand and make a exit strategy both to take profits and to cut losses

[Free1bitco.in]

If you don't have a way and strategy, you will always get unsuccessful. As you know there is no chance to make a good profit without the knowledge and as you above mentioned discipline. For me, the best trader is who follows others and of course, learns from others' experiences, but in the end he must decide only himself, and as l mentioned he needs to have any plan, it is just so pity to make the same as others.

maybe more precisely is learning from others. however, we need to learn about new, correct information. Prioritizing greed and undisciplined will only make people rush to make decisions, and that sometimes backfire for themselves.

[Joyawan13]

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 really is, it is difficult for us to be able to maintain the profits we have gained from our trade while we are obsessed with greater profits and we have a greedy attitude of course, because all of that will only make us will lose greater than our profits, and discipline is indeed very important in trading, but to not have a greedy attitude is not an easy thing for day traders.

[Crypto_lion]

But OP what about the people who invested in some projects and the price of the coin never came up after that ? Thee are several cases where some coins have never seen an upward love .