Near success syndrome in trading.

[Mr.right85]

There are two points that i think this is mostly experienced, they are;

Not taking profit at the planned time or
Entering a trade too late due to skepticism

These might just be the factors behind near success syndrome.

[CryptopreneurBrainboss]

(This is not the first time she has made such a mistake)

Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?

The coin mentioned above is doing quite well recently as it's currently trading above 80cents although few weeks back it was below 30cent. Now the faults is on your friend, is she a trader or an investors. She should first ask herself this question before picking the next coin to buy. I believe she hasn't found out what she really what to do because as an investor, if she had held unto her investment, right now the story would had been different as she would had probably tripled her investment.

Many noobs jump into the industry without realizing what actually they want to become whether it's to be a trader or an investor. They just joined with the mindset of profiting and when this profits aren't coming there way, they panic and this also cause them more losses just like what your friend experienced.

[justdimin]

Could this be termed "Near success syndrome in trading?".

It is called as greed in simple words and I have seen guys who were rich within their minds and went to moon when a token they bought was sky-rocketing but when the price dropped they actually got back to earth again. I can relate what happen with your friend who lost because of extreme greed but it happens with most of us.

I would call it as "being virtually rich" because although technically she (your friend) could have sold and doubled her money but she didn't, so she became rich virtually but never materialized into actual profits.

People often laugh on how someone once bought pizza for 10k BTC but that doesn't mean he spent millions or billions of dollars for pizza actually, it was just normal price he paid at that time and now if that asset turns into gold doesn't mean he was a fool.

[Wexnident]

Isn't it just greed? No need to use fancy words to describe it, people might even think a different idea if they heard of it. Just call it greed, as it is. And she needs help imo if this isn't her first time having such an experience like this. Tbh, I myself have had greed take me, like a lot of times. That made me honestly realize to just stop and quit trading, call it quits, and just hold whatever coins I want till whenever I want. I invested the absolute minimum that I could and well, I just thought of it as a possible passive income (if the price goes up anyhow). The other path honestly goes to her being a full on trader, but she has to rein in her emotions first, or rather her greed.

[jaberwock]

Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?

A lot of people have this “Near Success Syndrome” lol. There are many of them and you can even see them on this forum. It’s just greed that is their problem. On a regular, an investment can’t get you up to fifty percent your invested capital, and anykind of investment that claims that is considered a Ponzi or scam.

But, now we have Bitcoin and cryptocurrencies that can get you up to fifty percent and even hundred percent and more than that, but for some people, after they have gotten up to hundred percent, they are still greedy and they want to make more. I have seen someone who has gotten triple of his investment, he couldn’t at least sell part of it to retain some profit in case market should fall. So it’s normal thing here, a lot of people do it.

[Atek33]

I think people can bring success in their life no matter what they do but if you want to trade with your own money you must trade with your own currency you want to trade online and you want to earn money by trading then of course I  I think you need some time because if you find a good trading partner then of course I think you can move your life forward very easily with trading income.

[LUCKMCFLY]

Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?

A lot of people have this “Near Success Syndrome” lol. There are many of them and you can even see them on this forum. It’s just greed that is their problem. On a regular, an investment can’t get you up to fifty percent your invested capital, and anykind of investment that claims that is considered a Ponzi or scam.

But, now we have Bitcoin and cryptocurrencies that can get you up to fifty percent and even hundred percent and more than that, but for some people, after they have gotten up to hundred percent, they are still greedy and they want to make more. I have seen someone who has gotten triple of his investment, he couldn’t at least sell part of it to retain some profit in case market should fall. So it’s normal thing here, a lot of people do it.

I think that at this moment many have the success syndrome, but they should not be trusted, because many times you have to expect the unexpected, the important thing is; If you are winning that you know how you are winning, not that you are winning without knowing or because you are lucky, the best thing is to win but knowing what methods you use or what strategies you use, because in the bullish market it is very difficult to lose, when the Corrections, when there is a bearish stage it is where many lose most of their money or their great part, it is when they say or draw conclusions that they never learned or why they lost if they were doing so well.

The best thing is to always make reflections as you win or lose, a great speculator of the 1800s was called Jesse Livermore, he became a millionaire 5 times and 5 times he went bankrupt, finally he recovered but a great lesson was to learn from the experiences of himself and accept them, I think that was his great learning.

[Yatsan]

There are lots of people for sure that have got into the same situation after gaining their first profit through trading is that they are putting extra into their first capital into the thinking that double the capital will gain double the rewards. It must just come into the wrong move that people will be making is to think it will apply all at the consecutive time having no precautions and putting all your capital all at the same point wanting for that double reward and gain can really lead to loss and that is very awful for many have underestimated on how market changes having them losses rather than gains. Always remember not to put all your capital in one blow just because you have attained good results at first trial. Better to think first of managing what you input so that potential loss will not slap you real hard.

[wxa7115]

(This is not the first time she has made such a mistake)

Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?

She doesnt learn and as mentioned this isnt the first time she had make the same mistake.If she is really serious on making profits then she should really be
contented on what she do earn rather than on being greedy and do ask for more.As she had already the experience then she must be aware about the probabilities
or she do tend to make out some experiment until she do able to hit it out on making some big gains? Well, this isnt bad but you should prepare nor accept
on what are the probabilities of things to happen.

Traders that are not profitable most of the time are like that not because of lack of opportunities but because they are unable to curb their greed, as the example given by the OP her friend had tremendous profits already, asking for more than that was just greed and instead of selling when she had the opportunity she kept waiting for profits that never materialized.

This is why people need to set objectives when they make a trade and once those objectives are reached they need to sell, it is true that sometimes you are going to sell sooner and you may miss the top but it is way more likely that you will sell before an important crash and you are able to retain most of the profits you obtained during the time you kept your trade open.

[dimonstration]

the mistake people make is not knowing how to take profits in a trade or investment. you can easily take profit and keep holding with patience. you dont hold by thinking it will keep going up, people need to buy and sell, so it will go up more and go down a little and move higher. she needs to learn, these are part of the lessons we learn in the journey. divide your holdings and take profits at intervals.

Lucky the holders when the  price move like how BTC behaves now, but if not it will be not profitable by just holding, there are more chances to earn in trading especially now that the market is active and there are plenty of coins that can also give us profit if were able to buy and sell them at a right time. It’s hard to determine when the price will rise so as long as were in profit we can just consider it success to avoid regretting too much in trading.

[Sinjokubhi]

During the recent spike in the value of TWT, a friend of mine made double her capital trading. Although she had already made double her money, she set her exit point on the trade at a very high point hoping to triple her capital. Before the crash of the market and her profits along with it, she was excited and told me how happy she felt to have made something tangible trading on her own. I adviced her not to be greedy, that she should quickly sell since she has made double and not wait to make triple a her capital, but she refused and insisted on waiting. (I gave the advice  knowing that TWT is not a stable coin).
Some few moments after our conversation, i saw her with a long face saying that the market had crashed and if she had known, she would have followed my advice.

(This is not the first time she has made such a mistake)

Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?

This has often happened in trade circles. Where they hold the coin regardless of the height limit, they are too sure the currency will continue to increase continuously without any prediction.

Usually happens to a beginner, who trades or invests his funds. They make a profit but are still not satisfied with what they are getting and instead choose to hold the coins to the point they want. Even though they already know the currency price will fall in time, the mistake is to continue believing and hold the coin for a bigger profit.

Supposedly, sell if you feel that you are getting enough profit, especially if the profits you get have reached twice the initial capital. I think it is more than enough to sell, if you are the one who continues to hold on to the currency, then leave a small part of the capital to remain on hold on the coin, so you can monitor the ups and downs of the price and buy it again, if the price is normal and goes up again.

[migolmigol]

During the recent spike in the value of TWT, a friend of mine made double her capital trading. Although she had already made double her money, she set her exit point on the trade at a very high point hoping to triple her capital. Before the crash of the market and her profits along with it, she was excited and told me how happy she felt to have made something tangible trading on her own. I adviced her not to be greedy, that she should quickly sell since she has made double and not wait to make triple a her capital, but she refused and insisted on waiting. (I gave the advice  knowing that TWT is not a stable coin).
Some few moments after our conversation, i saw her with a long face saying that the market had crashed and if she had known, she would have followed my advice.

(This is not the first time she has made such a mistake)

Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?

This is one of the most common mistakes in trading. People tend to be greedy if they are seeing the money the invested in being doubled. They feel like it can go higher just like your friend who thought that she can make her money tripled. Being greedy is a rookie and newbie mistake. We can never tell where the drop will come and so we need to set a strategy and respect our exit plan in order to secure profits. Profit is profit. You can always look for other opportunities if you already secured to the profit. This is the beauty of trading. We have endless opportunities so never focus on one trade and be greedy about it. Some may be successful in to that greedy trade but most will not. A good trading strategy is the one that will give you more profit in the long run.

[Oilacris]

During the recent spike in the value of TWT, a friend of mine made double her capital trading. Although she had already made double her money, she set her exit point on the trade at a very high point hoping to triple her capital. Before the crash of the market and her profits along with it, she was excited and told me how happy she felt to have made something tangible trading on her own. I adviced her not to be greedy, that she should quickly sell since she has made double and not wait to make triple a her capital, but she refused and insisted on waiting. (I gave the advice  knowing that TWT is not a stable coin).
Some few moments after our conversation, i saw her with a long face saying that the market had crashed and if she had known, she would have followed my advice.

(This is not the first time she has made such a mistake)

Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?

This is one of the most common mistakes in trading. People tend to be greedy if they are seeing the money the invested in being doubled. They feel like it can go higher just like your friend who thought that she can make her money tripled. Being greedy is a rookie and newbie mistake. We can never tell where the drop will come and so we need to set a strategy and respect our exit plan in order to secure profits. Profit is profit. You can always look for other opportunities if you already secured to the profit. This is the beauty of trading. We have endless opportunities so never focus on one trade and be greedy about it. Some may be successful in to that greedy trade but most will not. A good trading strategy is the one that will give you more profit in the long run.

When you are just new into this market then most likely you would able to commit such mistake due to inexperience towards this market.

We are just humans which emotions cant really be that controlled if you arent aware on things that could possibly happen this is why we do see every now and then those people who had
whine off just because they had missed out an opportunity to make money due to greed or too much waiting.

If you do really like to succeed then always secure out profits when you do see gains.Accumulate or try to compound it.

[wxa7115]

During the recent spike in the value of TWT, a friend of mine made double her capital trading. Although she had already made double her money, she set her exit point on the trade at a very high point hoping to triple her capital. Before the crash of the market and her profits along with it, she was excited and told me how happy she felt to have made something tangible trading on her own. I adviced her not to be greedy, that she should quickly sell since she has made double and not wait to make triple a her capital, but she refused and insisted on waiting. (I gave the advice  knowing that TWT is not a stable coin).
Some few moments after our conversation, i saw her with a long face saying that the market had crashed and if she had known, she would have followed my advice.

(This is not the first time she has made such a mistake)

Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?

This is one of the most common mistakes in trading. People tend to be greedy if they are seeing the money the invested in being doubled. They feel like it can go higher just like your friend who thought that she can make her money tripled. Being greedy is a rookie and newbie mistake. We can never tell where the drop will come and so we need to set a strategy and respect our exit plan in order to secure profits. Profit is profit. You can always look for other opportunities if you already secured to the profit. This is the beauty of trading. We have endless opportunities so never focus on one trade and be greedy about it. Some may be successful in to that greedy trade but most will not. A good trading strategy is the one that will give you more profit in the long run.

Exactly there are so many ways in which the friend of the OP could have protected her profits and yet she did not do it, for example one of the most simple strategies when your money has doubled is to sell half of your coins, if you do this and then the market crashes at least you did not lose any money and you are back at square one.

But if the market keeps growing then you can keep getting profits, but a person like that will never implement this kind of strategy as they are being blinded by greed and they think that if they sell half of their coins then their profits will get smaller too, not realizing that if they are mistaken their capital will go down to the point it will be almost impossible tor recover what they lost.

[XCANA]

IF this is not the first time she is making such mistake and losing profits then she didn't learn anything from past trading experience, as a trader it is always important to make sure that profits you made are safe that is why most people convert their profits into stable coin before the prices crashing out.

Exactly what i did whenever i went into pump and dump groups to make investment. Sometimes the problem with these investors is greediness, they are very much greedy with their profits, instead of picking out their profits; they will rather keep them until the market start crashing and after the crash they start crying fowls on the Internets. The profit you take when before the market start crashing is your profit and not what you saw in your portfolios.

[seleme]

Emotional trading will lead to such bad consequences, there is no perfect time to leave the market, just do it when it is necessary to do so. Greed and fear can eat the trading capital if used recklessly. Trading is not a game, we don't have a second chance to trade the same market patterns at a unique time. From another approach, if your friend sold the coin on a 20% pump the continuation of the bullish trend will be pain for him. The pain we feel as trader is caused by either greed or fear, so never decide with emotions. The emotionless trading is possible, we just need to sit tight before acting. Patience will be rewarded sooner or later, from my trading experience.

[Mahanton]

Emotional trading will lead to such bad consequences, there is no perfect time to leave the market, just do it when it is necessary to do so. Greed and fear can eat the trading capital if used recklessly. Trading is not a game, we don't have a second chance to trade the same market patterns at a unique time. From another approach, if your friend sold the coin on a 20% pump the continuation of the bullish trend will be pain for him.

Everybody likes to have perfect trades from time to time on where they do really target out to exit nor enter the market on the best time as possible.
When they do saw that it did price drop or increase even more after they had done their move then that would really be making out some emotional
feeling that you have must wait a little bit more but what if you do see the other way around where things go to opposite way?
Securing profits aspite of the price will always be considered as a good call because gains are gains and theres no taking it back.
Dont rush up because people do make mistakes due to this kind of behavior.

[badjacks99]

Had she listened it would have been a successful trade, that right there is probably a great lesson for her to learn early on in trading. Sometimes you really have got to get burnt to never want to play with fire again. Better to take these licks now and learn from them, Ive done it, we have all done it.

[Shasha80]

What happened to your friend was experienced by many traders, because sometimes we really have to feel that way in order to learn to control our
emotions when trading. Sometimes it is difficult to control the greed that we have, so stick to the plan is something that must be done. I think this is
an opportunity for you to motivate your friends again, if cryptocurrency is very volatile. So if it crashes, soon the market will quickly recover.

So starting all over again, try to give advice again to your friend not to repeat the same mistakes. I'm sure your friends can become successful traders,
because if someone fails to keep trying to get up, success will come naturally. Because experiencing losses in crypto trading is common and experienced
by all traders, but how do we get up and fix mistakes. This may not be owned by all traders.

[agustina2]

Tell your friend that it's ok. It really happened to most traders.

Your friend will never understand the risks if all his trading will be winning.

A simple, charge to experience. I hope your friend knows already what to do next time.