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Author Topic: Traders Stop Being Greedy.  (Read 2642 times)
LastKiss
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June 18, 2022, 11:30:59 AM
 #161

Well said, I have seen many amateur trader falling for this, when a friend calls them about a coin they don't even try to make research on the specific coin, all they do is invest in the coin and when the market starts going bad they feel crypto is scam or not worth investing in, you have to make research on coin you are willing to invest in especially when it alt coin.

I agree, that many people not only in crypto investment but in other investments same like that. When their friends introduce their success on other platforms many people who don't understand will blindly put their money by following their friends. Any instrument of investment will need research at least before investing so don't be lazy to do some research rather than get scammed later.

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markvin
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June 18, 2022, 11:53:11 AM
 #162

Those who are not doing any analysis are not a trader at all, they most likely a buyer and seller with no trading experience at all. Its ok to be greedy but have that trades using your own strategy and analyze the price trend first, usually traders don’t buy new tokens they wait for the trend to appear before buying. Being greedy is too risky, it can cost you a lot if you do it carelessly, have some time to reflect before buying anything, this is cryptomarket and this market is very risky and too volatile.
Usually people are not interested and lazy, Usually they are with no traiding experience.
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June 19, 2022, 07:57:30 AM
 #163

Trader's should do well to set a limit, I'll use this and if I don't get what I want, I'll stop trading or not trade with my reserved funds. Self discipline has a role to play here, trader's should build value's, know the morals and ethics before jumping in.
Wanting more money also with the same strategy used initially might not work out in the second trail. A lot of things should be unlearned and upgrading of your trading skills. Truthfully, trading bis never for the weak. So, watch it and don't trade with your emotions.

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June 19, 2022, 08:07:07 AM
 #164

Well said, I have seen many amateur trader falling for this, when a friend calls them about a coin they don't even try to make research on the specific coin, all they do is invest in the coin and when the market starts going bad they feel crypto is scam or not worth investing in, you have to make research on coin you are willing to invest in especially when it alt coin.

I agree, that many people not only in crypto investment but in other investments same like that. When their friends introduce their success on other platforms many people who don't understand will blindly put their money by following their friends. Any instrument of investment will need research at least before investing so don't be lazy to do some research rather than get scammed later.
Investing is not that easy and we can't imitate like their friends do and want instant success,
basically everyone has their own process and indeed doing research is very important,
at least that way we know what to do according to the results of the research we do

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June 19, 2022, 09:49:25 AM
 #165

I want to note that this aspect is extremely important for a trader. It should be understood that a trader must be confident in himself, otherwise the result may be negative.
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June 19, 2022, 03:56:33 PM
 #166

Trader's should do well to set a limit, I'll use this and if I don't get what I want, I'll stop trading or not trade with my reserved funds. Self discipline has a role to play here, trader's should build value's, know the morals and ethics before jumping in.
Wanting more money also with the same strategy used initially might not work out in the second trail. A lot of things should be unlearned and upgrading of your trading skills. Truthfully, trading is never for the weak. So, watch it and don't trade with your emotions.

@Oluwa- btc, your right, the limit in trading is called a stop loss, this is what most traders fail to do especially the newbies, they trade with emotion instead of discipline. Greed has made most traders lose funds that were meant to be used for other important things aside from trading, we know that everyone needs money but you can not make it as a trader without having the right mindset of traders that is maximizing profit and zero losses. Powerful contribution I must say.

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June 19, 2022, 05:31:54 PM
 #167

Trader's should do well to set a limit, I'll use this and if I don't get what I want, I'll stop trading or not trade with my reserved funds. Self discipline has a role to play here, trader's should build value's, and know the morals and ethics before jumping in.
Wanting more money also with the same strategy used initially might not work out in the second trial. A lot of things should be unlearned and upgrading of your trading skills. Truthfully, trading is never for the weak. So, watch it and don't trade with your emotions.

If we know how to manage our funds, control our emotions and set our target goals, we will be able to do trading the right way without committing too many mistakes due to greediness. One good strategy that we should apply is to set a limit and a target profit so we will know if we will stop or continue. Trading can't give us instant success all the time but we can take a step-by-step move to reach the successful trading that we want.
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June 20, 2022, 12:52:48 PM
 #168

Trader's should do well to set a limit, I'll use this and if I don't get what I want, I'll stop trading or not trade with my reserved funds. Self discipline has a role to play here, trader's should build value's, and know the morals and ethics before jumping in.
Wanting more money also with the same strategy used initially might not work out in the second trial. A lot of things should be unlearned and upgrading of your trading skills. Truthfully, trading is never for the weak. So, watch it and don't trade with your emotions.

If we know how to manage our funds, control our emotions and set our target goals, we will be able to do trading the right way without committing too many mistakes due to greediness. One good strategy that we should apply is to set a limit and a target profit so we will know if we will stop or continue. Trading can't give us instant success all the time but we can take a step-by-step move to reach the successful trading that we want.
feeling greedy is a human trait that I think will be difficult to erase, and if you want to delete it, of course, is learning,
not only for trading, this trait must be stopped, but in life it is also like that, because greed will create disaster for us.

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June 23, 2022, 11:46:04 PM
 #169

I know that the greedy traders always make loses because of there poor mindsets. We can't make everything in a day so we have to have our daily target so we will not go astray from our rules. A trader needs to have a guideline for tradimg or rules so things will not go wrong at the end of the trading.i will better be consistent in my trading than looking at making bigger profits today and losing all tomorrow. Trading is very risky so we need to be prepared and get ready for busy before we losses everything we had made.









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Fatunad
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June 23, 2022, 11:57:15 PM
 #170

Trader's should do well to set a limit, I'll use this and if I don't get what I want, I'll stop trading or not trade with my reserved funds. Self discipline has a role to play here, trader's should build value's, and know the morals and ethics before jumping in.
Wanting more money also with the same strategy used initially might not work out in the second trial. A lot of things should be unlearned and upgrading of your trading skills. Truthfully, trading is never for the weak. So, watch it and don't trade with your emotions.

If we know how to manage our funds, control our emotions and set our target goals, we will be able to do trading the right way without committing too many mistakes due to greediness. One good strategy that we should apply is to set a limit and a target profit so we will know if we will stop or continue. Trading can't give us instant success all the time but we can take a step-by-step move to reach the successful trading that we want.
feeling greedy is a human trait that I think will be difficult to erase, and if you want to delete it, of course, is learning,
not only for trading, this trait must be stopped, but in life it is also like that, because greed will create disaster for us.
Or simply being part of human nature of being greedy which is something that cant really be removed but there are people who are really good on suppressing it out thats why they are really
good on handling situations which are in related with greed or something that do talks about money or something like that. Traders should mind off on how they should gonna sustain
theirselves in the market because if you do able to achieve or attain such condition or state then it do solely signifies that you are already considered to be a good trader.
There might be times that emotions would be you main enemy but with due experience, you could able to handle it out.
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June 25, 2022, 02:40:44 PM
 #171

Not just in crypto currency but in life itself. Greed is one thing that have a very bad reflect on one's life. So it best for traders to set limit. With you setting limit it helps manage your funds.
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June 25, 2022, 05:16:48 PM
 #172

Not just in crypto currency but in life itself. Greed is one thing that have a very bad reflect on one's life. So it best for traders to set limit. With you setting limit it helps manage your funds.
In a bid to earn more profits due to greediness on the part of trader without setting a limit often result to loses, personally I had experienced such in some of my trades, I refuse to take profit appropriately after earning some decent profits which later resulted to losing the trade unfortunately without setting a Stop Loss thinking that the price will reverse in my favour, presently I had a fix limit of profit once price hits that limit I close my trades, cryptocurrencies prices are usually very volatile they often moves very fast and needed serious monitoring while trading to avoid liquidation.

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June 25, 2022, 08:13:43 PM
 #173

My device go directly to general public who is a trader who trade cryptocurrency nobody owns internet money because internet money the money does not belong to anybody the same one that you can see but cannot touch unless you convert it to Fiat currency so when you make your profit you are advised to withdraw your money or don't be greedy greedy is one of the factors that make some people to lose whatever thing they achieve through threading or through cryptocurrency

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June 26, 2022, 07:08:11 PM
 #174

No good trader invest all his funds at once and go in all. Only newbies do this. Trading involves that you do some research and check some pointers and plan how to invest and what to do if things don't go well or when to take profit. Anyone doing something else is extra-gambling with extreme risk.

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June 27, 2022, 03:24:55 PM
 #175

Most traders get too greedy, they deviate from their trading plan and end up with losses.

I have these written on my wall.
-Always use stop loss
-Use Take Profit, don't be greedy
-Stop overtrading
-Start small and grow
Here are the things to look for when dating here, but here is the key to not doing this, there is a mentality here and there, but if they are able to overcome it, they can avoid the possibility of energy loss and if they gain.  It will be seen that traders are likely to suffer losses but here If you can have a good chat from here, then you can have a good amount of talk from here and if a lot of time is wasted here in the hope of making more profit, then the traders here can suffer a lot.

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June 27, 2022, 10:42:05 PM
 #176

Most traders get too greedy, they deviate from their trading plan and end up with losses.

I have these written on my wall.
-Always use stop loss
-Use Take Profit, don't be greedy
-Stop overtrading
-Start small and grow
Here are the things to look for when dating here, but here is the key to not doing this, there is a mentality here and there, but if they are able to overcome it, they can avoid the possibility of energy loss and if they gain.  It will be seen that traders are likely to suffer losses but here If you can have a good chat from here, then you can have a good amount of talk from here and if a lot of time is wasted here in the hope of making more profit, then the traders here can suffer a lot.
You would suffer a lot if you wont really be making yourself to have those changes and learnings out of those mistakes and errors that you had committed.Being greedy is normal when you are just starting but you

shouldnt tolerate this kind of emotion/behavior because this would really be resulting into failure and no matter how hard you do and if you do have these kind of aims on rushing up yourself on earning or making
money then you would really fail most of the time because your mind isnt really that fully set on making good analysis since you are on a rush.

You would eventually learn on how to make yourself way more better on the time that you do experience losses and able to cope up and try
to make out some adjustments out of that.

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June 28, 2022, 02:35:30 PM
 #177

Quote
No good trader invest all his funds at once and go in all. Only newbies do this. Trading involves that you do some research and check some pointers and plan how to invest and what to do if things don't go well or when to take profit. Anyone doing something else is extra-gambling with extreme risk.

You are right, because it's only newbies that will invest all their money on a particular project without carry out a research about the project, if the project will be favourable in future or not before investing on that particular project. Since potential traders are still holding their coins to avoid losses in the market, because the price is too low for them to make a huge amount of money but newbies will not listen to the current price than to sell to experience losses in the crypto market. I think this is the best time to plan well not to miss the opportunity, because the price is still low for traders to buy more and wait for the price to increase higher before they can sell to make a passive incomes.

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June 29, 2022, 04:55:44 AM
 #178

One of the reasons why traders loose money everyday in their trading is 'greed'.
beside greed,they also have no skill to put they order in market. by analizing chart and set money management such as stop loss or any thing else it could avoid us from lossing money .greed maybe happen for whom have profits in their trades but still expecting more till price fallen and profits become loss. having big position and didnt applied money management also be why reason why alot traders liquidate.

Honestly greedy traders will never be lost in this industry, most traders are financially greedy, although I don’t know all of them but it is impossible without greedy traders. Because all traders want to make money, now that depends on the mindset of traders.

There are also others who are all about analyzing the actual price movement in the market in an effort to earn every day, they will not stop until nothing is gained before the end of a day.





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ningrum
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June 29, 2022, 05:22:52 AM
 #179

No good trader invest all his funds at once and go in all. Only newbies do this. Trading involves that you do some research and check some pointers and plan how to invest and what to do if things don't go well or when to take profit. Anyone doing something else is extra-gambling with extreme risk.
Surely it will be very risky when a trader invests all his money and it is not the right decision,
maybe just a beginner but what is certain before investing is that traders do research for consideration,
it is important to minimize the risk

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June 29, 2022, 06:15:58 AM
 #180

No good trader invest all his funds at once and go in all. Only newbies do this. Trading involves that you do some research and check some pointers and plan how to invest and what to do if things don't go well or when to take profit. Anyone doing something else is extra-gambling with extreme risk.
Surely it will be very risky when a trader invests all his money and it is not the right decision,
maybe just a beginner but what is certain before investing is that traders do research for consideration,
it is important to minimize the risk
put all the money into a crypto investment, ah.. that's certainly too reckless action. especially if for a beginner, of course, there will be very minimal knowledge to choose assets. it was just an instinct used. it's more appropriate to just complain about his luck.
try your luck I believe it can be for a beginner in short trading or a long-term investment. but putting all the money of course is something stupid. even experienced people will not put it all.

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