Rexler
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The Standard Protocol - Solving Inflation
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May 18, 2021, 05:06:12 PM |
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Greed and emotions are two things a trader should learn how to control to be able to make the right decisions at the right time, no doubt all this point you mentioned are the reasons for bad trading, for a trader to be successful he needs to learn how to set goals in crypto and works towards them, always try to check on updates about the crypto market because it really helps a lot, being informed and knowledgeable helps you to make good decisions for your self, and also try not to be greedy, if you must have hits about 50% profit on a trade and still not satisfied, it's better to take out capital and let the profit flow till any point you are satisfied.
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perfect999
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May 18, 2021, 07:08:05 PM |
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the biggest impacts to our psychology? maybe the media, the news, the rumors. we read something and anticipate that it will move 'others' and so we act on our own. we do it, but we have no idea what it should mean. what should a musk tweet mean to a price? 3%? 10%?
Yes it is very important to avoid these things, and know where you really stand when you’re trading or investing. The problem I have had sometimes that made me sell some of my tokens is usually because I am in need of the money at the moment, and sometimes when I am in need of the money the market will be going down and I will have no other option than to sell the tokens or coins and use the money for whatever it is that I want to use it for. It’s not easy because you can’t keep that money there when you have a pressing need that you really need to solve once and for all. That’s why it’s very important to have enough funds that you will still have for running some other issues and then also have funds that you invest in assets like this without touching them no matter what.
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taufik123
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Rollbit.com | Crypto Futures
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May 18, 2021, 07:08:23 PM |
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Greed and emotions are two things a trader should learn how to control to be able to make the right decisions at the right time, no doubt all this point you mentioned are the reasons for bad trading, for a trader to be successful he needs to learn how to set goals in crypto and works towards them, always try to check on updates about the crypto market because it really helps a lot, being informed and knowledgeable helps you to make good decisions for your self, and also try not to be greedy, if you must have hits about 50% profit on a trade and still not satisfied, it's better to take out capital and let the profit flow till any point you are satisfied.
Emotions and greed are human traits that cannot be avoided. Everyone has it but with different limitations. what becomes very important is how to regulate emotions properly so as not to be too greedy to take advantage. The main goal or strategy must be set in order to achieve what has been planned. learning trading discipline is very important. It is better to make a small profit often than to bet your money on an undetermined threshold. Because some of the predictions that will be made will not be accurate. securing better capital.
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Mahanton
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May 18, 2021, 08:17:16 PM |
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Greed and emotions are two things a trader should learn how to control to be able to make the right decisions at the right time, no doubt all this point you mentioned are the reasons for bad trading, for a trader to be successful he needs to learn how to set goals in crypto and works towards them, always try to check on updates about the crypto market because it really helps a lot, being informed and knowledgeable helps you to make good decisions for your self, and also try not to be greedy, if you must have hits about 50% profit on a trade and still not satisfied, it's better to take out capital and let the profit flow till any point you are satisfied.
Emotions and greed are human traits that cannot be avoided. Everyone has it but with different limitations. what becomes very important is how to regulate emotions properly so as not to be too greedy to take advantage. The main goal or strategy must be set in order to achieve what has been planned. learning trading discipline is very important. It is better to make a small profit often than to bet your money on an undetermined threshold. Because some of the predictions that will be made will not be accurate. securing better capital. And regulating emotions and handling out yourself would really be varying on someones self control and self realizations which would really differ into each person because not all would really be having the same mindset when it comes to dealing up with things and this is why we do see different reactions and actions made by each one of us. Bad trades are inevitable because no matter how good your technicals and emotion handling but if the market turns out to be bitter or simply goes to the opposite side then theres nothing we can do about it but consider it as a loss.It all matters with acceptance and learning on every trade made.
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jaberwock
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May 18, 2021, 09:14:28 PM |
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nothing that can be done should affect what you will do in your daily work. because the pressure in trading makes you unable to regulate the emotions that can change the behavior that occurs. but that it is true that sometimes emotions can affect us mentally not to be patient in taking what steps we might take.
But in a long journey, of course everyone can make improvements and manage everything well, because if everything is done emotionally, then whatever we are going to do can obviously have an effect and the possibility of not being successful is greater than success itself. need a process and that process will run with developments as long as we continue to do this.
It is a double edged sword. When you are trading and you are doing bad, that impacts your regular work life and you are doing bad at your work as well or do not want to work at all because you are upset over the fact that you lost money on trading BUT you also have regular life being bad or your work being bad that day or your boss gets angry and yells at you that day which results with you trading badly that day as well. Basically your life and crypto trading all impacts each other, one is bad equals the other is bad and that is the problem. I personally think that the people who can trade very well no matter what are the true traders, I can't do that. Me personally I like long term holding because that is the thing that impacts me the most and helps me with the profit, if I decided to become a good trader I would have to get rid of all the emotions and that is very hard to do for me.
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abel1337
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Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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May 18, 2021, 11:50:49 PM |
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Greed and emotions are two things a trader should learn how to control to be able to make the right decisions at the right time, no doubt all this point you mentioned are the reasons for bad trading, for a trader to be successful he needs to learn how to set goals in crypto and works towards them, always try to check on updates about the crypto market because it really helps a lot, being informed and knowledgeable helps you to make good decisions for your self, and also try not to be greedy, if you must have hits about 50% profit on a trade and still not satisfied, it's better to take out capital and let the profit flow till any point you are satisfied.
Emotions and greed are human traits that cannot be avoided. Everyone has it but with different limitations. what becomes very important is how to regulate emotions properly so as not to be too greedy to take advantage. The main goal or strategy must be set in order to achieve what has been planned. learning trading discipline is very important. It is better to make a small profit often than to bet your money on an undetermined threshold. Because some of the predictions that will be made will not be accurate. securing better capital. True, I believe that greed is human nature and we can't completely remove it. Setting up limitations will significantly reduce it to the extent that we can't call it greed. Recently I've been contented on any profit that I can get from my trades on this past few weeks, I don't exceed more than the target profit I set up on my trade to avoid losing because of greed. You will never lose trade if you profit from it, so profit is always a profit.
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fullhdpixel
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May 19, 2021, 01:04:03 PM |
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Greed and emotions are two things a trader should learn how to control to be able to make the right decisions at the right time, no doubt all this point you mentioned are the reasons for bad trading, for a trader to be successful he needs to learn how to set goals in crypto and works towards them, always try to check on updates about the crypto market because it really helps a lot, being informed and knowledgeable helps you to make good decisions for your self, and also try not to be greedy, if you must have hits about 50% profit on a trade and still not satisfied, it's better to take out capital and let the profit flow till any point you are satisfied.
Greed might be helpful at times though. Imagine investing in a great project and cashing out too early, so that is where greed can save you. But overall I agree, holding some coins for too long is greedy and I would say, 7/10 times it won't pay off. Emotions should be forgotten about the moment you decide to trade. All the coins you buy or sell must be seen as an investment and business and there must be no emotions attacked with these projects. Once you are able to control your emotions, greed and avoid panicking based on market movements, all you need to focus on is the fundamentals because no matter whether it's crypto market or fiat stocks, you need to learn the fundamentals of trading, they apply everywhere.
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Questat
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May 19, 2021, 02:22:19 PM |
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Greed might be helpful at times though. Imagine investing in a great project and cashing out too early, so that is where greed can save you. But overall I agree, holding some coins for too long is greedy and I would say, 7/10 times it won't pay off.
Greedy is not really bad as it was but TOO MUCH greed is something we don't want. It kills us, honestly. Emotions should be forgotten about the moment you decide to trade. All the coins you buy or sell must be seen as an investment and business and there must be no emotions attacked with these projects.
Once you are able to control your emotions, greed and avoid panicking based on market movements, all you need to focus on is the fundamentals because no matter whether it's crypto market or fiat stocks, you need to learn the fundamentals of trading, they apply everywhere.
Could be true and if that only be possible but too bad to think that we can't assure that everything went smooth and controllable. Because the truth is that we can't do this all the time especially when you see that you are at loss. Whether we like it or not, our emotions might come out as it was a common feeling to everyone.
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ningrum
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The OGz Club
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May 19, 2021, 09:32:10 PM |
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Greed and emotions are two things a trader should learn how to control to be able to make the right decisions at the right time, no doubt all this point you mentioned are the reasons for bad trading, for a trader to be successful he needs to learn how to set goals in crypto and works towards them, always try to check on updates about the crypto market because it really helps a lot, being informed and knowledgeable helps you to make good decisions for your self, and also try not to be greedy, if you must have hits about 50% profit on a trade and still not satisfied, it's better to take out capital and let the profit flow till any point you are satisfied.
Emotions and greed are human traits that cannot be avoided. Everyone has it but with different limitations. what becomes very important is how to regulate emotions properly so as not to be too greedy to take advantage. The main goal or strategy must be set in order to achieve what has been planned. learning trading discipline is very important. It is better to make a small profit often than to bet your money on an undetermined threshold. Because some of the predictions that will be made will not be accurate. securing better capital. True, I believe that greed is human nature and we can't completely remove it. Setting up limitations will significantly reduce it to the extent that we can't call it greed. Recently I've been contented on any profit that I can get from my trades on this past few weeks, I don't exceed more than the target profit I set up on my trade to avoid losing because of greed. You will never lose trade if you profit from it, so profit is always a profit. it's not human nature, greed in trading there is a ridiculous thing that must be eliminated, I'm sure everyone has their own way, because if we are greedy in trading we always do that, then you will never win, I always remind everyone , that greed is the key to trading
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isaac_clarke22
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May 20, 2021, 07:30:12 PM |
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~
For the first reason you mentioned, it is because many are into long-term. 20% isn't their target probably, they could've sold some but not all out. For the second reason, it is panic selling as well. Though many are easily manipulated by whales' dump thinking about the crash, but it is just whales that are about to hunt their dumped coins for them to fill their bags again.
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livingfree
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May 20, 2021, 07:32:44 PM |
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it's not human nature, greed in trading there is a ridiculous thing that must be eliminated, I'm sure everyone has their own way, because if we are greedy in trading we always do that, then you will never win, I always remind everyone , that greed is the key to trading
Greed is part of human nature. But we all have our own ways of dealing with it. Good and experienced traders, are fine to take profits around 10%-20% and that would have it a safe profit taking. While the newbies that just got in because of FOMO, they'll think of more than 100% profit and that leads them to lose even their own capital. It's true that it must be eliminated but it should start on our own.
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taufik123
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May 20, 2021, 10:59:33 PM |
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it's not human nature, greed in trading there is a ridiculous thing that must be eliminated, I'm sure everyone has their own way, because if we are greedy in trading we always do that, then you will never win, I always remind everyone , that greed is the key to trading
LOL then what if not human nature? Someone's greed is different, depending on how you can control your psychology. Greed is a silly thing but every human being will experience it. a professional trader has also experienced it. it takes time to train psychology to be controlled and not too panic and not too greedy to take advantage. For that, it must have a main target that must be achieved. If trading is carried out calmly and with the right strategy, panic and greed will not result. the key to trading is not only greed, but how to control emotions, sharpen capital and manage risk.
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BuNga_cute
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May 20, 2021, 11:24:46 PM |
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it's not human nature, greed in trading there is a ridiculous thing that must be eliminated, I'm sure everyone has their own way, because if we are greedy in trading we always do that, then you will never win, I always remind everyone , that greed is the key to trading
Greed is part of human nature. But we all have our own ways of dealing with it. Good and experienced traders, are fine to take profits around 10%-20% and that would have it a safe profit taking. While the newbies that just got in because of FOMO, they'll think of more than 100% profit and that leads them to lose even their own capital. It's true that it must be eliminated but it should start on our own. I really agree that greed should be eliminated when trading, but the problem is not that easy to get rid of greed in us. It takes a long process, because we have different abilities to be able to control the greed within us. Even professional traders often get out of control and end up experiencing losses when trading. Actually, in my opinion, greed doesn't need to be eliminated 100%, but just minimizing it is enough. Indeed, starting from ourselves to overcome greed is something that must be done, before we advise others.
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Vaculin
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May 20, 2021, 11:30:02 PM |
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it's not human nature, greed in trading there is a ridiculous thing that must be eliminated, I'm sure everyone has their own way, because if we are greedy in trading we always do that, then you will never win, I always remind everyone , that greed is the key to trading
Greed is part of human nature. But we all have our own ways of dealing with it. Good and experienced traders, are fine to take profits around 10%-20% and that would have it a safe profit taking. While the newbies that just got in because of FOMO, they'll think of more than 100% profit and that leads them to lose even their own capital. It's true that it must be eliminated but it should start on our own. To believe it was normal to anyone who wanted to achieve their goal and aiming for a better life but it should be something controllable. If we are working hard that is because we wanted more. People got bad in trading which result in huge losses because they wanted to make their profits as fast as they can but to know that trading is not like that. They misinterpret the situation, they'll think that the market will keep surging high and neglected to see any possible dump to come. If traders thinking that way, I'm for sure that they won't stay long in trading, I'll surely seeing them leaving.
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imstillthebest
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May 21, 2021, 06:15:40 AM Last edit: May 21, 2021, 06:28:23 AM by imstillthebest |
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i choose to sell and earn small than to sell when everyone is dropping and i dont need to wait for the times where i need money because that can ruin my trade but i will save money early away from my trade for future emergency use . i wont blame the media , the rumor and the news because they are part of our daily life . what you can only do is to train your brain to accept things and to have to have a control if you hear or see something that is unpleasant
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LUCKMCFLY
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May 21, 2021, 06:29:24 AM |
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it's not human nature, greed in trading there is a ridiculous thing that must be eliminated, I'm sure everyone has their own way, because if we are greedy in trading we always do that, then you will never win, I always remind everyone , that greed is the key to trading
At this point you are absolutely right, greed is necessary but to keep it at a certain level, because if you get carried away by greed mistakes come one after another and you don't see when it can stop, but to lose everything. The most important thing is that if you have a good plan, you can make the most of it and let it run until it reaches the point that was established, one of the things that can fail is when the market starts to go against, every trader says or hopes to recover and what is achieved is to generate large losses, the best thing here is to cut the loss with the Stop, and when the majority of traders are winning and reaches their take profit they leave the market because they think they cannot continue winning , and it is not like that, it is the best opportunity to lengthen the losses, I think that greed there plays badly for any trader.
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peter0425
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May 21, 2021, 09:18:02 AM |
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many times while trading we let our goals down and get greedy or fearsome. the problem are the reason behind, mostly psychological reasons. two scenarios
a. price went +20% up, we dont sell. reasons we dont need the money now we anticipate more gains (greed, market sentiment) we see others with more gains (greed, jealousy) we dream of million (greed, new life vision)
b. price went -25% down, we sell. reasons we need the money now we are fearing it will crash more (fear, market sentiment) we doubt our initial decision to buy (judgement by single point of time) we see others leaving the investment (fear, mass psychology, group) we see other investment that are not -25% (fear)
thats why many books advice to trade in smaller steps. dont go with a gut feeling, set a goal and stick to it.
the biggest impacts to our psychology? maybe the media, the news, the rumors. we read something and anticipate that it will move 'others' and so we act on our own. we do it, but we have no idea what it should mean. what should a musk tweet mean to a price? 3%? 10%? what should india banning crypto mean?
Actually the "Not Need Money now" is the most stupid reason for not selling when it already grow up to 20% profit, Not unless you are willing to hold for very long term and you will be not needing that money for long time.
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tvplus006
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May 21, 2021, 10:08:30 AM |
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Greed might be helpful at times though. Imagine investing in a great project and cashing out too early, so that is where greed can save you. But overall I agree, holding some coins for too long is greedy and I would say, 7/10 times it won't pay off.
Greedy is not really bad as it was but TOO MUCH greed is something we don't want. It kills us, honestly. In this case, you need to use a stop loss to avoid a sudden dump after a long growth. As the price of the coin increases, I move the stop loss higher and thus I fix my profit, but I do not limit myself to making a profit, which can increase as the price increases further.
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ethereumhunter
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May 21, 2021, 12:38:47 PM |
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it's not human nature, greed in trading there is a ridiculous thing that must be eliminated, I'm sure everyone has their own way, because if we are greedy in trading we always do that, then you will never win, I always remind everyone , that greed is the key to trading
No, greed is human nature. When you got money, there is a part from your other side that will say that you can make more money or get those chances while you still have it. If you can not control your greed in anything, not just in trading, you will get doom, which will be the end of your life. We can not eliminate greed but we can control it so that greed is not possessed us. If we can control greed, we will see what we already get something, and we realize that we need to stop for a while and try to get a good result the next time.
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TheGreatPython
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May 22, 2021, 03:32:33 PM |
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the biggest impacts to our psychology? maybe the media, the news, the rumors.
If you’re going to end up selling your coin because you’re in need of the money, lol, it doesn’t make any sense to be investing in the first place. It shows that the money you invested is not even meant for investment. You will always see people in this forum when they are saying “don’t invest more than you can risk”, there is a reason they are always saying that, but most of us would always choose to neglect it and even laugh over it because they think that it is nothing. The reason more experienced investors and traders are always saying that is because of things like that, and they are always repeating it all the time because they newbies to see it, so they don’t end up making the same mistake.
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