martina14
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May 23, 2021, 11:51:07 PM |
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If greediness will come in the mind of the traders whether they are newbie or old member here, surely in the end they will end into nothing and their capital or assets will be loss. Second is lack of knowledge or pretending to know a lot here is not a behavior for the individual traders. These two are the only reason for me when we do trade in the actual exchange.
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wxa7115
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May 24, 2021, 06:42:00 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. 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. A trading system that does not use a stop loss is not even a trading system in my book, while most traders are always looking for ways to increase the money they can earn the truth is that the most important thing you can do is to limit your losses when a trade goes against you. This way when the market finally moves in your predicted direction you are still going to have enough capital to recover your losses and to make profits, while those that do not use a stop loss eventually get kicked out of this market and miss the bull run and get mad about it.
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Fatunad
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May 24, 2021, 08:48:04 PM |
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If greediness will come in the mind of the traders whether they are newbie or old member here, surely in the end they will end into nothing and their capital or assets will be loss. Second is lack of knowledge or pretending to know a lot here is not a behavior for the individual traders. These two are the only reason for me when we do trade in the actual exchange.
Majority would be thinking off on how they would make out easy profits with trading which is mostly the common impression when we are just starting out on where we do believe that things would be easy once we do get involvement but when we are already on the actual situation then this is where we do realize that things arent simple as it sounds. Set your goals and do your best to suppress the risk as minimal as you can and make yourself sustainable and this is should how people to think when they do trade or make out investment. Dont let yourself get dragged along with greediness because this would really be putting you into big trouble.
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travwill
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May 24, 2021, 10:43:43 PM |
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The most common reason is lack of control. Control ensures that you stick to the plan, and often, due to market volatility, our strategic decisions change, which, being initially made with a cool head, are most often more correct than those that we make on the fly in a fit of emotion. You need to learn this, a little bit every day, always follow the plan strictly, regardless of the events that take place, in extreme cases, always place orders at breakeven.
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CryptopreneurBrainboss
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May 25, 2021, 05:55:45 AM |
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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?
One thing the cryptocurency market is known for is her community and how they affect the price. When these articles are read and we feel moved, there are chance too others like us will be moved in the same way so in anticipation of this, we begin to take positions that'll make us profits or reduced our loss and this is how fomo and fud get developed. The media are quite aware of this which is why they come up with different article at these different scenarios to force us into making decisions that'll favour them making us feel as if we were making those decisions to favor ourselves. Which is why we're advice not to listen to the media or do the exact opposite of what they're saying. They don't care if you suffer lose instead only interested in enriching their own pockets.
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ningrum
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The OGz Club
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May 25, 2021, 06:41:41 AM |
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The most common reason is lack of control. Control ensures that you stick to the plan, and often, due to market volatility, our strategic decisions change, which, being initially made with a cool head, are most often more correct than those that we make on the fly in a fit of emotion. You need to learn this, a little bit every day, always follow the plan strictly, regardless of the events that take place, in extreme cases, always place orders at breakeven.
In fact when it comes to lack of self-control I'm sure almost everyone has made this mistake, We certainly also need to learn with events like that and it won't be easy either, Market volatility really affected our plans at the start and we need to analyze that
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noorman0
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May 25, 2021, 10:54:10 AM |
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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)
Using "hot money" to invest is absolutely not justified. This applies to any type of investment, not just the crypto market. This can also affect the psychology of traders in making decisions and more lead to wrong decisions, especially when they are pressed by needs when the market situation is not supportive.
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Kittygalore
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May 25, 2021, 12:25:43 PM |
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The most common reason is lack of control. Control ensures that you stick to the plan, and often, due to market volatility, our strategic decisions change, which, being initially made with a cool head, are most often more correct than those that we make on the fly in a fit of emotion. You need to learn this, a little bit every day, always follow the plan strictly, regardless of the events that take place, in extreme cases, always place orders at breakeven.
It's more than just control in my opinion, I think the biggest one should be the lack of knowledge and inexperience when it comes to trading because I believe that if those two are not present, I don't think that we are going to be able to do what should be done when we are finally trading. Knowledge is important but so is information about the market so you can get a perfect timing.
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Xinarae*
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May 25, 2021, 01:03:02 PM |
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The reason for bad trading is that if there is no knowledge about the market trading will get worse and traders will be at risk. You need to know and learn about the market by applying your skills first it is important to avoid weak decisions if your business is to survive and make money it is better to review as much information as is available and carefully than to make an immediate judgment based on very little information. Perhaps you should try to take some bad steps and discuss them with your advisory team before taking any action.
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AicecreaME
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May 25, 2021, 01:40:27 PM |
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If you're all set in Trading, like you all have the knowledge you need, the only problem you're gonna have is being not contented in most of your trades, that is the reason of the profit loss in the long run. It's not bad to think about having a good profit, but it's bad to ignore the profit we have by the analysis we did, and reaching beyond that will only give you a profit loss, that's why being contented and self-discipline is needed, especially if you put high leverage on your trade.
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Mauser
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May 25, 2021, 02:29:07 PM |
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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?
I agree with you, purely trading based on our gut feeling is wrong. Emotions are going to take over our decision making and we won't trade optimal anymore. While it is important to follow the media and see what other traders are doing, we need to make our decisions with our own goals. It is better sometimes to swim against the flow, instead of just following everybody. If we just follow others, we will never sell at the highest point, or buy at the lowest point, we will always leave profits to other people to be picked up. If we have our own trading goals than it is much easier to trade on those rules instead of just a feeling.
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isaac_clarke22
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May 25, 2021, 02:41:42 PM |
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~
Depends sometimes on how money is badly needed. Say for one invested Bitcoin for long-term. S/he wouldn't just let it do its own price increase/decrease for just a week/months. There are long-term hodlers that wouldn't touch the coin for years and there will also be time that people will be unemployed due to economic reason and they would obviously badly need that money so they'll cash it out.
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repear7
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May 25, 2021, 04:00:02 PM |
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It’s a general problem for a traders. But, Some days before, I see a topic that's name: Cryptocurrency is a playground for rich. Actually, When you have too much money, You will fill comfortable by taking any decision.and when you need money, You will fill something bad for every decision.
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onecall123
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May 25, 2021, 04:54:32 PM |
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It’s a general problem for a traders. But, Some days before, I see a topic that's name: Cryptocurrency is a playground for rich. Actually, When you have too much money, You will fill comfortable by taking any decision.and when you need money, You will fill something bad for every decision.
That's the fact, proper money management can give you benefits but either way you will regret due to your bad management. It's very common every new investor are very much interested in trading. However, some safety measure can save us lose our money. Always focus on blockchain technology and chart technical analysis.
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Mahanton
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May 25, 2021, 05:40:17 PM |
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It’s a general problem for a traders. But, Some days before, I see a topic that's name: Cryptocurrency is a playground for rich. Actually, When you have too much money, You will fill comfortable by taking any decision.and when you need money, You will fill something bad for every decision.
That's the fact, proper money management can give you benefits but either way you will regret due to your bad management. It's very common every new investor are very much interested in trading. However, some safety measure can save us lose our money. Always focus on blockchain technology and chart technical analysis. Factors needed to be considered: ~Actual project relevance ~Potential in future runs ~Community support Here are my basis when im trying to look or choose for projects to be involved on and of course proper money management does play an important role because if you dont have this then sustaining yourself into this market would really be hard.
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R |
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semobo
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May 26, 2021, 05:19:27 AM |
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Exactly,greed makes the person to lose the money while trading cryptos. They will be confident to hold their assets when the price is raising but they will be mad if price went down.
One who are doing trading must stick with their goals, if they starts to look others and assume that they are making more money then you are on the wrong track.
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jostorres
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May 27, 2021, 05:11:40 PM |
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Exactly,greed makes the person to lose the money while trading cryptos. They will be confident to hold their assets when the price is raising but they will be mad if price went down.
Funny thing is that when people are being greedy they never know that. I see some people who will make double their profit, but they won’t sell their coins and they will be saying that they believe that Bitcoin will reach $100,000 and at the end they will all be disappointed. People are greedy but they never agree that they are greedy. I invest in cryptocurrencies but I don’t do all those greedy stuff, and I am not the type that relies hundred percent on cryptocurrency, I have my own business. Before I owned my own business I worked in an office and through cryptocurrency I was able to raise some money and then start my own business, and right now I invest in cryptocurrency and also invest in my business and I always have plans before investing.
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coiner-88
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May 28, 2021, 04:27:33 PM |
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I think whether it little financial backer or greater whale they will shake their hands when market is going all over with that much overlap. Little financial backers inconvenient on the grounds that they have less cash to exchange and are consistently reluctant to loos even that amount. Try not to place your cash in exchanging in the event that you think you will require it in the coming days, since you will be compelled to sell regardless of whether its not your objective cost, have some little capital proposed for exchanging alone, this can be a major assistance.
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devollito
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May 28, 2021, 05:00:25 PM |
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The reason for most of bad decision in trading is greedy and not follow their own rules. Base on my experience i usualy doing good when analyzing chart. I set resistence line as a taking profit point but after i reach that and the market look like continue its bull, my greediness suddenly appear so i am not closed my position. Greed also can lead you to trade with high margin ( this is the worst trading strategy ).
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dunfida
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May 28, 2021, 05:07:37 PM |
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The reason for most of bad decision in trading is greedy and not follow their own rules. Base on my experience i usualy doing good when analyzing chart. I set resistence line as a taking profit point but after i reach that and the market look like continue its bull, my greediness suddenly appear so i am not closed my position. Greed also can lead you to trade with high margin ( this is the worst trading strategy ).
Greed Emotion Lack of experience These are the main things on why people do really make out bad trades. Nothing is perfect though because mistakes are inevitable Thing here is that you do know on how to handle up yourself with such condition. Gaining up experience along the way should be your main priority because once you are aware on these things then you would really know on what to do in terms of risk management.
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