QueenVera (OP)
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August 13, 2021, 10:22:58 AM Merited by DaNNy001 (6), Die_empty (5), Bushdark (4), Sandra_hakeem (4), SmartGold01 (4), Cookdata (3), Majestic-milf (3), Zaguru12 (3), Iroh (3), LFC_Bitcoin (2), Halab (2), Oluwa-btc (2), GiftedMAN (2), RockBell (2), Mate2237 (2), Frankolala (2), SOKO-DEKE (2), Symmetrick (2), DdmrDdmr (1), Rockstarguy (1), CryptSafe (1) |
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For everyone who has spent something in the market, you'll realize this situation I'm about to describe below to be 100% accurate. The market always has some tricks to throw at you, that's why we're advice to understand the market very well before wanting to earn from it or you'll lose. Have you notice whenever you're in profit, there isn't always a need of money that very moment which then make you think of exciding your initial target, in other words you become greedy and want to make more profit.
Now the story is different when you're in loss as that's the very moment you'll be in need of urgent cash, which will make you likely want to sell your coins off in panic to avoid further loss or use the cash for something else. This is usually the market tricking you. Assuming there was no active trade, there's every possiblity you'll find that money to solve that problem from somewhere else but no the market will mess with your mind to make you think selling is the only solution to this problem.
You can avoid been in such situations by simply listening to the advice giving of not investing money that might be needed urgently and secondly always securing profit to help in situations like this incase they araise when you're in that tight spot (having a bad trade). Take notes of this advice and you'll be one step ahead of the market.
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milewilda
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August 13, 2021, 11:00:56 AM |
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Easy to say but would really be hard when you are on the actual situation.Market is always been tricky since its totally unpredictable and no matter how aware you are on how it moves but you cant completely able to avoid on what are the losses you could possibly experience but due to knowledge and skills and somewhat experience you do have on this market you could already make out some presumptions.
As a trader you should really be that versatile on whatever situations you might faced on because if you do only stick with a single strategy then most likely you wont really that sustain into this place. Prepare yourself to face up the risk and act accordingly on various situations even though its not an assurance to make profits or preventing further loss but at least you do know on what you are doing.
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mk4
Legendary
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Paldo.io 🤖
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August 13, 2021, 11:49:45 AM |
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It's a lot less of "the market tricking you" and a lot more of just the trader/investor being really ignorant and/or inexperienced.
Also, the "not selling because you're greedy" could also easily work the other way. You could say that you're greedy because instead of waiting for the asset to appreciate more, you immediately closed the position because of greed.
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Curated Crypto Airdrop Database
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GreatArkansas
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August 13, 2021, 12:00:02 PM |
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You can avoid been in such situations by simply listening to the advice giving of not investing money that might be needed urgently and secondly always securing profit to help in situations like this incase they araise when you're in that tight spot (having a bad trade). Take notes of this advice and you'll be one step ahead of the market.
Securing profits is one of the best moves ever. I don't think so if not taking profits makes you a trader. This is one of the most mistakes by traders, especially newbies, they don't have a plan, where to take profits or stop loss. Cryptocurrency markets are extremely volatile, we all know. So, if we manage to adopt it, it will make us more comfortable, and will have fewer panic moments.
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Lakai01
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August 13, 2021, 03:05:49 PM |
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As a trader you should really be that versatile on whatever situations you might faced on because if you do only stick with a single strategy then most likely you wont really that sustain into this place.
I honestly see it differently. If you follow a strategy, the strategy should be able to deal with situations where things just don't go well. Switching back and forth between different strategies in bad trading phases will only cause you to lose your nerve and make short-circuit decisions. I like to stick to the rule "stick to your plan". ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Rehan Zakir
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August 13, 2021, 03:21:19 PM |
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We cannot see the future. But we predict the market. And it is not sure that the market will dump or not. Because there are so many whales that are controlling the market. And i think their is no trick to watch the future of upcoming market. We can only predict it on the basis of fundamental analysis and technical analysis. But it is just an predict it is not 100% sure that our prediction is correct.
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palle11
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August 13, 2021, 05:13:15 PM |
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For everyone who has spent something in the market, you'll realize this situation I'm about to describe below to be 100% accurate. The market always has some tricks to throw at you, that's why we're advice to understand the market very well before wanting to earn from it or you'll lose. Have you notice whenever you're in profit, there isn't always a need of money that very moment which then make you think of exciding your initial target, in other words you become greedy and want to make more profit.
You have probably been doing a wrong trading pattern. To my opinion almost everything that you said looking like baby trading and unserious. Greed is the reason you will see your profit based on your analysis and because you don't need money, you leave it, is wrong. Experience will give you a good direction to trading and the best kind of it is do your analysis, put your stop loss and take your profit, otherwise market will beat you to it. Don't trade sheepishly, is a serious business and not joke.
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ven7net
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August 13, 2021, 07:10:52 PM |
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Indeed, I very often encounter similar situations, but in my case, cryptocurrencies are the main source of income for me, which means that when I need money for life, and I need it all the time, I have to sell my crypto assets. I already thought about how to avoid such a situation, because when I sell my crypto asset, its price starts to rise afterwards and I understand that I missed out on a better profit. So in my situation, I need to have one more additional source of profit in order to keep my cryptocurrency and sell it only when I am satisfied with its price.
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goaldigger
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August 13, 2021, 07:40:33 PM |
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Traders move the price of the market, and we are not being trick by the marker itself its just that, every traders want to win against the other trader and those who are more experienced enough have the chance to gain more. You only invest or trade the extra money that you have, this is the first rule in trading and if you have a limited knowledge about the market, you’ll just lose money if you continue to act like this, better to come prepared.
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CryptopreneurBrainboss
Legendary
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Merit: 4226
eXch.cx - Automatic crypto Swap Exchange.
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August 14, 2021, 06:06:37 AM |
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I won't call this the market tricking you instead it has alot to do with yourself as a trader. Are you discipline enough, are you focused, do you let your mind/emotions distract you?. A trader sticks to his plans before entry a trade, he should already know his entry and exit point. The only time he should rethink those points are if the market isn't following his prediction, then he has to look for alternative.
If your trade has given you your initial targeted profit the. You have to close the trade or better still have the take profit order in action so it does the automatic taking of profit for you to prevent diverting from your plans. Ones you let emotions take over your decision making, you're in a wrong path and most likely will end up losing more instead of profiting from your trade.
With securing profit, that you should always do as the market volatility can take away your profit in the shortest time possible. Only trade with capitals that you'll be comfortable losing and you would careless about the market movement and care more on hitting your target no matter how long it takes.
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Zilon
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August 14, 2021, 07:06:47 PM |
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securing your profit needs to come in handy. Crypto market moves in both corrective and retracement moves and to avoid been trapped by either of the moves its always necessary to lock up some profit you can still classify it as paying yourself from the profit made which will help you when a need arises so you don't sell your coin during the dip out of fear of further decline or due to urgent needs. "ALWAYS TAKE PROFIT" this should be a watch word for all crypto investor
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Hypnosis00
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2021, 08:16:49 PM |
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You can avoid been in such situations by simply listening to the advice giving of not investing money that might be needed urgently and secondly always securing profit to help in situations like this incase they araise when you're in that tight spot (having a bad trade). Take notes of this advice and you'll be one step ahead of the market.
"ONLY invest the money that can afford to lose" this is what I have kept since before and I live that way. As for we are in trading is a need know who much we are about to spend that can no longer we are going to regrets if losses will come to us. I know that many people suffering huge losses because of such a positive market view and wrongly invested in crypto projects. A sort of disappointment but we can't deny how tricky the market was and if we can manage our emotions, that leads us to unproductive investment.
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Wakate
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2021, 09:03:58 PM |
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For everyone who has spent something in the market, you'll realize this situation I'm about to describe below to be 100% accurate. The market always has some tricks to throw at you, that's why we're advice to understand the market very well before wanting to earn from it or you'll lose. Have you notice whenever you're in profit, there isn't always a need of money that very moment which then make you think of exciding your initial target, in other words you become greedy and want to make more profit.
Now the story is different when you're in loss as that's the very moment you'll be in need of urgent cash, which will make you likely want to sell your coins off in panic to avoid further loss or use the cash for something else. This is usually the market tricking you. Assuming there was no active trade, there's every possiblity you'll find that money to solve that problem from somewhere else but no the market will mess with your mind to make you think selling is the only solution to this problem.
You can avoid been in such situations by simply listening to the advice giving of not investing money that might be needed urgently and secondly always securing profit to help in situations like this incase they araise when you're in that tight spot (having a bad trade). Take notes of this advice and you'll be one step ahead of the market.
This is a daily thing that do happens in the market tricking traders who are no discipline to end up losing there entire portfolio. To trade futuristic market is never easy and it's needs proper planing and studying of the market to get familiar with trading and market manipulation. Market manipulation is what had been affecting us that are traders from getting a good and stable profits from the market. I could remember the join that a trader used to have when the market is positive and consistent profits are being made, but immediately the market starts going the other round, emotion will start working which could affect the result of the trade after a while if care is not taken. The whales always look for means to manipulate the market before going to a particular direction.
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Silberman
Legendary
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Activity: 2604
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August 14, 2021, 10:19:52 PM |
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For everyone who has spent something in the market, you'll realize this situation I'm about to describe below to be 100% accurate. The market always has some tricks to throw at you, that's why we're advice to understand the market very well before wanting to earn from it or you'll lose. Have you notice whenever you're in profit, there isn't always a need of money that very moment which then make you think of exciding your initial target, in other words you become greedy and want to make more profit.
Now the story is different when you're in loss as that's the very moment you'll be in need of urgent cash, which will make you likely want to sell your coins off in panic to avoid further loss or use the cash for something else. This is usually the market tricking you. Assuming there was no active trade, there's every possiblity you'll find that money to solve that problem from somewhere else but no the market will mess with your mind to make you think selling is the only solution to this problem.
You can avoid been in such situations by simply listening to the advice giving of not investing money that might be needed urgently and secondly always securing profit to help in situations like this incase they araise when you're in that tight spot (having a bad trade). Take notes of this advice and you'll be one step ahead of the market.
I have no doubt that this happens however that is not the market tricking you but your own mind, we must understand something very simple about the market, the market doesn't care, the market doesn't need us and it doesn't care if you're in profit or if you are in a loss, the market is just going to do its own thing and it is up to you to try to decipher it and to try to make the best decisions for yourself, if something as simple as this cannot be understood then the chances that you are going to become successful are very low.
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Wexnident
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2021, 02:39:13 AM |
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Not really the market doing its thing against you really. A lack of funds that you need to use for something else means either A) The person had some issues recently and didn't really have enough saved up funds to address it or B)The person is pretty new to trading and went all in, not leaving a single fund for himself in case of emergencies. It isn't only in trading really, you could imagine someone who bought a nice car (even including ones that pay in installments) and would need to sell them after they basically bought it off due to something happening. They basically spend their money in an investment that is currently senseless in their case, ignoring the ones that are probably more important.
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gabbie2010
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2021, 06:40:39 AM |
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I used to find myself in that exact situation when I started trading cryptos, right in my presence, my earned profits got wiped off, I agreed this is an attribute of greediness on my part, I want to earn more profits without taking the cognisance of high volatility of the prices of cryptos, However I had tried to take profits at a target zones especially at resistance or support areas irrespective of how small or big the profit is, I will just take profit and quit while waiting for another signal, above all to minimize this anomaly this has to do individual trader dealing with their emotions and greediness, personally I had learnt to leave my trade rather than close it when price moved against me provided that Iam convinced that the overall market sentiment is bullish or bearish.
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Ararbermas
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August 15, 2021, 11:33:58 AM |
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We cannot see the future. But we predict the market. And it is not sure that the market will dump or not. Because there are so many whales that are controlling the market. And i think their is no trick to watch the future of upcoming market. We can only predict it on the basis of fundamental analysis and technical analysis. But it is just an predict it is not 100% sure that our prediction is correct.
indeed it's up to us if we really want to predict the market to avoid making decisions.. And yes if you use to trade perhaps its impossible doing mistakes.. I mean using indicators to obtain information what will be the potential of your investment.. Somehow market is very unpredictable but there's always a solution for that if you know how to handle the situation. @op that's why it's very important to keep some money for your needs.. Wherein it's not really recommended to put all in. And always remember this before making decisions "invest what amount you can afford to lose".. In order to avoid panicking when something happens in the market .
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tygeade
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August 15, 2021, 03:36:08 PM |
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Hmmm it’s just the thing with life, whenever you’re losing the money there will be a need for it. The advice to always invest what you can risk is an important advice to follow to save yourself from a situation like this. You can’t be pushed in any situation to sell your coins if the amount you have put in there is an amount that you wouldn’t need for anything, one you can afford to risk at any moment.
And rightfully we are meant to have emergency funds, these are the funds that are meant to save us in a situation where there is an emergency need to be solved. You can just withdraw the money from your emergency funds and solve the problem and leave the ones you have invested.
By the way, it’s also important to take profit when the price is high, if not all, at least some profit to know that you’re making progress. And we shouldn’t be relying only on crypto investment, we should have other things that we are doing to generate steady income.
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breathlessz
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Trphy.io
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August 15, 2021, 05:13:40 PM |
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We cannot see the future. But we predict the market. And it is not sure that the market will dump or not. Because there are so many whales that are controlling the market. And i think their is no trick to watch the future of upcoming market. We can only predict it on the basis of fundamental analysis and technical analysis. But it is just an predict it is not 100% sure that our prediction is correct.
indeed it's up to us if we really want to predict the market to avoid making decisions.. And yes if you use to trade perhaps its impossible doing mistakes.. I mean using indicators to obtain information what will be the potential of your investment.. Somehow market is very unpredictable but there's always a solution for that if you know how to handle the situation. @op that's why it's very important to keep some money for your needs.. Wherein it's not really recommended to put all in. And always remember this before making decisions "invest what amount you can afford to lose".. In order to avoid panicking when something happens in the market . the main thing is to use free money so that the money will not be disturbed by the necessities of life that must be met. there are many advantages to using free money, including more stable emotions so as to avoid the panic sell that many investors experience. many traders have suggested this, but sometimes our emotions often forget it
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teosanru
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August 15, 2021, 07:39:12 PM |
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For everyone who has spent something in the market, you'll realize this situation I'm about to describe below to be 100% accurate. The market always has some tricks to throw at you, that's why we're advice to understand the market very well before wanting to earn from it or you'll lose. Have you notice whenever you're in profit, there isn't always a need of money that very moment which then make you think of exciding your initial target, in other words you become greedy and want to make more profit.
Now the story is different when you're in loss as that's the very moment you'll be in need of urgent cash, which will make you likely want to sell your coins off in panic to avoid further loss or use the cash for something else. This is usually the market tricking you. Assuming there was no active trade, there's every possiblity you'll find that money to solve that problem from somewhere else but no the market will mess with your mind to make you think selling is the only solution to this problem.
You can avoid been in such situations by simply listening to the advice giving of not investing money that might be needed urgently and secondly always securing profit to help in situations like this incase they araise when you're in that tight spot (having a bad trade). Take notes of this advice and you'll be one step ahead of the market.
I think a simpler solution I can provide for this problem is trading with a plan! Always have a good plan for you! Trade only according to the plan, When you'll trade as per plan you won't face situations where you need money that's stuck in a trade because you will automatically anticipate any future upcoming needs, Keep a plan on when to exit and make sure you exit at that point or at least keep your trailing stop loss below that point. We are living in an ultra-modern age where we are competing against computers in trading, these algos have a total idea about our trading styles, they know when we sell, at what points we buy and how we react to different market situations, if we repeat the same mistakes, they'll definitely eat up all our money slowly and steadily.
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