Trading have concepts

[Onyeeze]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

[1715292225]

1715292225

[SamReomo]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

As with any other field, trading also comprises various concepts that one needs to grasp and perfect. Indeed, there are effective strategies that can yield profitable trades, but the true satisfaction of trading comes from acquiring and honing this skill oneself. In trading, it's crucial to manage one's emotions, and it's true that greed, the desire to earn excessive profits, is the main cause of losses.

However, your experience with crude oil trading has nothing to do with the principles of trading. Those criminals are to blame for your loss who stole your crude oil, and that doesn't fall under the purview of trading. I advise you to learn about trading before posting such content.

[electronicash]

i thought the story was about trading OXY, XOM, or SHEL. this literally buying crude oil which some criminals hijack the delivery. sorry to hear about your loss. to me, i would actually suspect the 2 have something to do with it. greed right? do you think so?  if not, don't bother.

probably just the wrong place and wrong time or some old established traders noticed the deliveries.
but you know how long should you be in this business before you will look at which things you need to pay attention to?

[Onyeeze]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

As with any other field, trading also comprises various concepts that one needs to grasp and perfect. Indeed, there are effective strategies that can yield profitable trades, but the true satisfaction of trading comes from acquiring and honing this skill oneself. In trading, it's crucial to manage one's emotions, and it's true that greed, the desire to earn excessive profits, is the main cause of losses.

However, your experience with crude oil trading has nothing to do with the principles of trading. Those criminals are to blame for your loss who stole your crude oil, and that doesn't fall under the purview of trading. I advise you to learn about trading before posting such content.

You have to grab my reference, I mean that greediness is one the things that leisure traders into lost, I just used my experience in crude oil business to narrate the things that  causes loss in trading, theirs difference between trading and crude oil business, the point of discussion is a greediness in business and per refer to trading.

[palle11]

Well the point about concept in trading is just like every other business investment. If you get too greedy, it will mean higher chances of losing out or gaining. With the experience that you narrated, if you guys had removed your capital instead of that you guys went in all for the profit. There is a lesson hear not to go all out for profit with everything you have with the full hope that it won't fail.

[ololajulo]

A good title for the thread would be  "The dangers of greediness in trading and investing".  The major causes of losing in trading are greediness and the anticipation of making more profit. Trading is a multi-faceted concept requiring a good understanding to succeed. When it comes to greed, how will you handle it?

[Oshosondy]

And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading.

This has happened to me before. I started with 125x on the exchange I first used to trade crypto futures and I lost money massively. I even changed it to 50x, later 20x, later 10x. All I still noticed was that the leverage used was too much. The best is to go 1x, or 2x if you are more certain about the market to go in your direction.

But according to your explanation, it is like you are supply crude oil in real life to people, which is trading though but not the trading like spot, margin, option or futures which we are discussing about on this board.

A good title for the thread would be  "The dangers of greediness in trading and investing".  The major causes of losing in trading are greediness and the anticipation of making more profit. Trading is a multi-faceted concept requiring a good understanding to succeed. When it comes to greed, how will you handle it?

Do you know the good thing a trader can do? Is to never think of trading as a means of making money. This will help him to be patient and to trade rightly if he reads other ways to succeed in trading. Trading is good, but it becomes like gambling because people just think they can start trading today and earn the same day.

[gunhell16]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

Greediness will really destroy all that we have worked hard to save for the future, this is the so-called money that has turned into stone, a profit that would have been lost. That's why we should have a so-called target or goal that when we get it, stop immediately and don't aspire for more.

Things shouldn't be rushed in this industry, that's why the winners here are those who calmly strategize and think and above all don't get impatient instead always be patient. Particularly if you are doing trading activity here, don't expect high income here it is better to start with small gains and big profits in the future.

[MusaMohamed]

Greediness will really destroy all that we have worked hard to save for the future, this is the so-called money that has turned into stone, a profit that would have been lost. That's why we should have a so-called target or goal that when we get it, stop immediately and don't aspire for more.

If people join cryptocurrency market because they are greed but lazy to learn first, they will get losses. If they by anyway can gain profit in this market but are too greedy and don't cash out to retrieve their initial capital, later they will have some serious lost trades which eat all profit they earned and part of their initial capital too.

You can start with $1000 and take a long time with many successful trades to make it to $5000. However, from $5000, if you have two lost trades with 50% for each, you wil have your total capital drops to $2500 and $1250, mostly drops back to where you started.

For people who are greedy, they usually will use leverages which will cause forced liquidations and loss would be bigger than 50%.

[jeraldskie11]

If you think about it, it's normal to say that you have to invest more because you see that if you invest more, you will earn more. There is nothing wrong if you want to get rich, but the wrong way to get rich is that it has a very big risk that it is possible to make you also become poor. I see what the OP said that being greedy is the reason why they failed. That greediness is the cause of emotion, it is their emotion that controls them and they didn't notice it.

So we can see that it is not good to give in to our emotions because we can make bad decisions. And because it has happened, they will have to move on without being affected so much by their emotions so that they can proceed with their other plans in life and become successful.

[Faisal2202]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point

Greed is not only involved in trading but in businesses of all kinds too. Greediness awoke due to the emotional mindset of a trader who is doing trading or business without a proper target to achieve. As if you guys have set a certain target to achieve as you mentioned to stop your partners to stop the trade and book capital but their emotions were being played by the market as well as emotional sentiments to get more money. While if they have a proper mindset and idea of the risk they can face, maybe you guys could save yourself.

Overall, the market as well as incidents are unpredictable, so we can not blame ourselves when our fortune is not in our favor. Like you guys could make profits if you were not chased by hoodlums. But we all got an instinct as call us to not do more greedy but still, we ignore it and move on and face the consequences.

[justdimin]

If you think about it, it's normal to say that you have to invest more because you see that if you invest more, you will earn more. There is nothing wrong if you want to get rich, but the wrong way to get rich is that it has a very big risk that it is possible to make you also become poor. I see what the OP said that being greedy is the reason why they failed. That greediness is the cause of emotion, it is their emotion that controls them and they didn't notice it.

So we can see that it is not good to give in to our emotions because we can make bad decisions. And because it has happened, they will have to move on without being affected so much by their emotions so that they can proceed with their other plans in life and become successful.

I think it depends on what you are investing into or what you are trading. There are too many people who end up trading the wrong thing and that is why they end up losing money as well, I would prefer not to do something like that and instead make a profit by investing smartly, if I buy bitcoin then there is a very little chance that I would ever lose money, I would wait even if it is low and when it finally goes back up, even after a year, I will sell when I am in profit.

But when you are trading, you do not have that much time so you need to use stop loss and never go down too much, if you get out quickly when things go south, that means you can recover later since it would be a small loss that can be gained back quickly.

[Zilon]

The concept of trading is just the same and it is applicable to anything that doesn't have a constant price. Knowing when to buy, sell, take profit and when price has become too high to risk everything and also when not to move with bulk money for physical business like the crude oil Op sighted.

And no one know if the business trip went successful if price would start falling down. If profit was taken after the first trip, the initial capital will still be available to risk for a new trip. Sorry for the loss shit happens...

[GeorgeJohn]

The concept of trading is just the same and it is applicable to anything that doesn't have a constant price. Knowing when to buy, sell, take profit and when price has become too high to risk everything and also when not to move with bulk money for physical business like the crude oil Op sighted.

And no one know if the business trip went successful if price would start falling down. If profit was taken after the first trip, the initial capital will still be available to risk for a new trip. Sorry for the loss shit happens...

Op can't compare a manual business with Internet business, yes, money has been involved and since profit making and loss is involved,  its the aspect you can accept the analysis together, but in contrary oil business physical deals disadvantages can not be as same with trading kind of disadvantages,  the aspect considering is the lose which op experience by hoodlums according to it's explanations, because trading risk is of higher level of what op analyze so far.

[borovichok]

Greediness will really destroy all that we have worked hard to save for the future, this is the so-called money that has turned into stone, a profit that would have been lost. That's why we should have a so-called target or goal that when we get it, stop immediately and don't aspire for more.

Greed draining most traders gradually and it's really a problematic condition for the investors. Greed is not measurable, even in our small profits, we turned out to be selfish with the sole desire to wait for it smashed our top TP without noticing a breakout or retest in the market charts. Discipline is required, setting a daily target of either closing the market for the day with $100 profits but at the end of the day, a trader might have liquidated his account all because of greed. I'm backing out of the market when a trade hits my SL, no need to develop the mindset of revenge on the market, it's possibility of draining your account portfolio is 100% and there's no way you will escape the heavy losses when the market comes for you.

[andriarto]

basically greed is human nature, as is the concept that you live by, a normal human being is of course after getting the first profit and feels it is easy, then he wants to develop his money with wishful thinking mathematical calculations in his head, especially if he feels he controls the market and is optimistic that excess money will be multiplied easily. That trait is what we should control, so we can control our emotions so we can stay alert and careful and think healthy

[DevilSlayer]

The basic concept of trading is that trading is it is really a probability game, there are no strateies that you can find in anybook or online that can give you 100% guaranteed result. All of the strategies and edges have probabilities and you will choose only few that is fit to your habits, character and personalities. Guys beware to the fake traders out there who keep posting their wins in trading and keep saying that they do not incur any losses. Those traders are probably a scam who are focusing to get money from their victims. If you want to trade and have a mindset that you can avoid losses here in trading, then you have a wrong mindset because losses are unavoidable due to its nature which is there is no certainty.

But how we can earn money in trading if there is no guarantee? It is where the strategies and patterns comes up, the charts are usually generating similar patterns that have been existed in the past wherein you can base your decision on it. All you need to do is how much money you will risk in a particular trade, it is about the money that you can afford to lose. After that you must execute your plans confidently. If your bias did not happen, you must not experience any negative emotion because if you do, it only means that you did not fully accept the risk.

[irhact]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading.

There's no particular strategy in making profit when trading, everybody can develop a strategy to use that best work for them and still come out profiting for them. The only problem is that you don't lose. Avoid buying coins that has been pumped and only trade legitimate projects and not those that'll scam you or dump their tokens on you when you buy the coins.

When trading, avoid greed and don't start trading when you haven't learnt the basic of trading. Just like your friends, many traders fail to remove their initial capital before reinvesting into the market. It doesn't matter how good you're, you'll fail some trade so always take profits.

[KingsDen]

From the example of the petroleum business you did with your friends. I did not see any atom of greed in that business.
Just like in trading, It is not everybody that removes their capital and trade with profi. The larger the capital the larger the profits that you can get with little trading leverage.

But when you trade with only profits, you would not have the volume that will give you enough profit. That is the same thing that applies to your petroleum business you did with your friends. With h the capital you will agree that you would get larger amount of petroleum and make more profits. It is unfortunate that the environment you are is not secured or could it be that the kind of business that you are doing in with your friends is not legitimate.

For good traders, is it is not advisable for them to withdraw their profits everytime. Accumulation is the key and it will give rise to a more larger profit with little effort.

[so98nn]

Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply,

Okay, so this is about the real oil trade and not the stocks and shares you talking about?
I don't know what you really mean by "supply" but it seems to me you are actually trading crude oil if so then damn from where you are getting it? You should be rich by now since history has proven that whoever owns the crude oil owns the nation man. Coming to the valid points here: 1) Yes you should start using your profits to re-invest in the next cycle. 2) The capital should be stopped right after decent profits and I am talking about the net profits, not the gross ones.

If you follow this compounding method then no one can stop you from making more profits. Even if you lose, you will lose the profits but you are not in loss ideally considering you had your capital withdrawn already.

[hugeblack]

Understanding trading is a deep understanding of the basics of trading, represented by the RSI and Stoch RSI and Moving Averages, in addition to how to use the Fibonacci sequence with them.
The deep inclusion of these basics makes it easier for you to understand all the strategies that can be formed.
After completing the understanding of the basics of the market, it is the turn of how to control emotions, which are the psychological factors of greed and fear, and then the trading strategy, which explains the entry and exit mechanism, the amount of risk and its management.

Your mastery of these skills means that you have become a trader, and your knowledge of them increases your experience

[worle1bm]

Well the point about concept in trading is just like every other business investment. If you get too greedy, it will mean higher chances of losing out or gaining. With the experience that you narrated, if you guys had removed your capital instead of that you guys went in all for the profit. There is a lesson hear not to go all out for profit with everything you have with the full hope that it won't fail.

When greed overpowers your emotions in trading then you loose control over your mind and it can turn you into loss situation rather then be in profitable state.If you have satisfactory returns then you should cash out but if you are becoming too greedy then many examples are there where it was termed as bad trade.So always trade with different strategies and market judgement and taking firm decisions will help you keeping your greed aside.

[palle11]

If you have satisfactory returns then you should cash out but if you are becoming too greedy then many examples are there where it was termed as bad trade.So always trade with different strategies and market judgement and taking firm decisions will help you keeping your greed aside.

Although satisfactory return is relative and that makes it difficult for some people to cash out on time and that makes them emotional not to jump out when they are suppose to. I believe having different strategies is likely to confuse a trader in the decision that will help them cash out on time before they regret. To stick to a particular strategy that is working is convincing to me on being discerning and decisive. Most times confusion cause lack of proper decision taking.

[serjent05]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

It is obvious that trading has concepts.  There are even rules and factors to consider in trading.  There is also knowledge and discipline to take when engaging in trading.  This alone can obviously tell us the concept about trading.

Trading isn't like gambling where you guess and put your bet and you are ok waiting to either win or lose.  Trading needs learning, a grasp of different concepts in order to maximize profit.  There is also these tecnical and fundamental analysis that has lots of concepts to offer.

Trading is not only the attitude and traits to follow but also follows learnings and adaptability of the decision a person should do in case of a different situations in hand.

[fullhdpixel]

It is obvious that trading has concepts.  There are even rules and factors to consider in trading.  There is also knowledge and discipline to take when engaging in trading.  This alone can obviously tell us the concept about trading.

Trading isn't like gambling where you guess and put your bet and you are ok waiting to either win or lose.  Trading needs learning, a grasp of different concepts in order to maximize profit.  There is also these tecnical and fundamental analysis that has lots of concepts to offer.

Trading is not only the attitude and traits to follow but also follows learnings and adaptability of the decision a person should do in case of a different situations in hand.

The concept of trading is for one to earn profit through buying low and selling high. The factors to consider in crypto trading is the volatility but there are also things which can make the volatility intense or weak. We need to analyze it to be able to perform better. A trader must be knowledgeable so that they can pick a better coins. Discipline is also important so that a trader won't over trade and lose.

It also helps them to hodl for a while in case the price becomes stagnant. Trading is like a gambling but it must not be treated as one however there are still hard headed people who does it. Well I guess they are not afraid to lose and maybe that gives them excitement.

[Similificator]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

The title is quite confusing when you actually read the post body. But regardless, the point was conveyed well enough to be understood, cut the op some slack.

It is quite nice of you to share your experience and thoughts which would be beneficial for newbie traders.

Now for op, trading have concepts. Yes they do, and a lot at that. While one aspect may work great for one person, it may not work as well for the other. Just think of it as a shoe, there's no size that would fit everyone. There will always be bigger and smaller feet. And there's also the design preference and what the intended use would be for the shoe like is it for running, for playing sports etc., etc. I think you get my point.

So as a trader, it is always better to find the best techniques that would perfectly fit your personality and trading style. Glance at other techniques, but don't copy everything, just take whatever compliments your style better.

And in regards with the decision making, you really couldn't have done anything since it is an investment of you and your friends so the majority would of course be the one to decide what would be done with the funds. Just be glad that you and your friends were able to learn something from the experience and are still alive to talk about it.

Another advice would be if you are investing, keep it professional and avoid factors that would affect your decision making emotionally. While it is good to invest along with your friends or family, it would be better to keep the amount only up to a minimum which you can easily brush off if ever lost. This will not only save your funds but will also save your relationship with them. If you really have to, then be picky and only do it with the ones you really trust and you know are well versed in doing such investments.
Good luck bro.

[Gladitorcomeback]

I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

Yes greediness is the main cause of failure in any field and I will say that the decision which you make to get your money and use your profit to go ahead with same business, same should done with crypto trading because if we move with both profit and capital there will be a greater chance of losing money. There are some rules and ways by following which one can achieve the wanted goals easily but in the desire or making more and more money one push itself towards a risky path. Some people buy coins when it's price become boost up they don't sell it but want to wait more to earn more money but due to this greediness behaviour they drop their profit instead of excessive profit.

[justdimin]

Another advice would be if you are investing, keep it professional and avoid factors that would affect your decision making emotionally. While it is good to invest along with your friends or family, it would be better to keep the amount only up to a minimum which you can easily brush off if ever lost. This will not only save your funds but will also save your relationship with them. If you really have to, then be picky and only do it with the ones you really trust and you know are well versed in doing such investments.

Emotions part is very true, it is not easy to keep your emotions in check that quickly, it may take some time to make a profit when the time comes because you are worried or fearing or happy or excited or whatever else. You may make mistakes if you think with your heart and not with your brain, a lot of people make that mistake and that causes them to have a trouble in the future.

It is going to take some time before we can master trading, but if we can master not using our emotions as our first step then the rest will come easier. Sure you need to learn TA, or need to learn how to read a chart, or many other million things, but if you can't control your emotions then all the other stuff means nothing at all.

[Similificator]

Emotions part is very true, it is not easy to keep your emotions in check that quickly, it may take some time to make a profit when the time comes because you are worried or fearing or happy or excited or whatever else. You may make mistakes if you think with your heart and not with your brain, a lot of people make that mistake and that causes them to have a trouble in the future.

-That is why the advice "Do not make decisions when you are too happy or too angry" or "Do not make decisions when you are overwhelmed with emotions." This is because our emotions influence our moods and minds greatly depending on the situation. Thus, making our decisions clouded in moments when we are too happy or too angry which almost never gives good results.

It is going to take some time before we can master trading, but if we can master not using our emotions as our first step then the rest will come easier. Sure you need to learn TA, or need to learn how to read a chart, or many other million things, but if you can't control your emotions then all the other stuff means nothing at all.

-Which is why gaining actual experience is also very important in education or learning. Having both the knowledge and experience will massively help a person grow not just as a trader but in a lot of aspects in life compared to having or focusing on just one of the two.

[kapalmabur]

Well the point about concept in trading is just like every other business investment. If you get too greedy, it will mean higher chances of losing out or gaining. With the experience that you narrated, if you guys had removed your capital instead of that you guys went in all for the profit. There is a lesson hear not to go all out for profit with everything you have with the full hope that it won't fail.

When greed overpowers your emotions in trading then you loose control over your mind and it can turn you into loss situation rather then be in profitable state.If you have satisfactory returns then you should cash out but if you are becoming too greedy then many examples are there where it was termed as bad trade.So always trade with different strategies and market judgement and taking firm decisions will help you keeping your greed aside.

Previous experience or mistakes in trading, I think we should make it a lesson and evaluation material so that in the future it won't happen again,
besides that we also need to know when to sell or buy because if greedy then it will make a loss,
keep practicing for emotional control however it is important in trading.

[NicNacCoin]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

OP is fine with your business idea. Greed is a bad habit that destroys people completely. Especially when you enter a cryptocurrency trading platform, you need to adopt different strategies. First of all you can't trade there with emotion. Secondly, trading platform cannot be greedy. While greed is not so risky in other businesses, greed in trading platforms is the most risky. You may have been cheated by a friend in your oil business. Here trading with your business is completely different. If you can control a few mediums in a trading platform, you can achieve success there.

[ScamViruS]

Previous experience or mistakes in trading, I think we should make it a lesson and evaluation material so that in the future it won't happen again,
besides that we also need to know when to sell or buy because if greedy then it will make a loss,
keep practicing for emotional control however it is important in trading.

Controlling emotions is the most difficult task in trading, most traders fail here. As a result, it becomes difficult for traders to succeed in trading. Just as it is not possible to buy at a low point, it is also not possible to sell at a high point because we do not know exactly what the next movement of the market will be. So all decisions are based on assumptions, which makes it natural for traders to make wrong decisions if they are overly greedy. So a trader who controls emotions can make better decisions than others during trading.

[Onyeeze]

Well the point about concept in trading is just like every other business investment. If you get too greedy, it will mean higher chances of losing out or gaining. With the experience that you narrated, if you guys had removed your capital instead of that you guys went in all for the profit. There is a lesson hear not to go all out for profit with everything you have with the full hope that it won't fail.

When greed overpowers your emotions in trading then you loose control over your mind and it can turn you into loss situation rather then be in profitable state.If you have satisfactory returns then you should cash out but if you are becoming too greedy then many examples are there where it was termed as bad trade.So always trade with different strategies and market judgement and taking firm decisions will help you keeping your greed aside.

Previous experience or mistakes in trading, I think we should make it a lesson and evaluation material so that in the future it won't happen again,
besides that we also need to know when to sell or buy because if greedy then it will make a loss,
keep practicing for emotional control however it is important in trading.

It's not that investors doesn't know the appropriate time to buy bitcoin or neither sell their coin, what I know that is the course of people having lose into investment is greedy, many people have seen opportunities to cash out when they have seen small profit and their capital, but the greediness of getting more is what makes some of the investors to lose for their investment. In trading you don't need make all the profits from one of your trade, making $10 or $20 in any trade you participate or consistent should be more better than losing what you have because of you are waiting for a bigger profit, some traders don't know that consistent low profit in trading is more better than losing everything why expecting a higher trade.

[death69]

Picture trading like gambling in Vegas, but with odds stacked in your favor, bro. To win big, you've gotta be a trading ninja, knowing the ins and outs and forging your own path to the same cash-loaded destination as everyone else. And remember, trading's a talent we can all master to rake in the big bucks.

In my legendary adventures, I've found that being a greedy Gus and drooling over more profits is what lands you in the loser's circle. It's like hitting a smorgasbord and wanting to stuff your face with everything in sight, but you end up doubled over in pain instead.

Take my buddy's crude oil biz as a prime example. We scored big on our first deal, and our second supply had us rolling in even more green. But when round three rolled up, a couple of my pals got dollar signs in their eyes and wanted to bet the whole enchilada on more product. I caved, but we didn't see the trouble coming—hoodlums booted us out before we could even make a deal!

Moral of the story, peeps: Greed's a nasty bug that'll drag you into risky waters. So, let's trade like champs and ditch the greedy seagull vibes from Finding Nemo, squawking "mine, mine, mine" at every shiny opportunity.

[yhiaali3]

I am sorry for your loss, as I understand from your story that you want to say that greed is the first cause of loss. Yes, I can agree with you on the general principle, although what you experienced could be by chance due to bad people, but you think it is because of the greed of your friends.

In any case, also in cryptocurrency trading, there is a risk of losing money, so you must take all necessary precautions. As for greed, it is one of the bad human emotions that are difficult to control and always cause loss.

[virasisog]

I am sorry for your loss, as I understand from your story that you want to say that greed is the first cause of loss. Yes, I can agree with you on the general principle, although what you experienced could be by chance due to bad people, but you think it is because of the greed of your friends.

In any case, also in cryptocurrency trading, there is a risk of losing money, so you must take all necessary precautions. As for greed, it is one of the bad human emotions that are difficult to control and always cause loss.

Greed is the main reason why people have losses in terms of trading, business or even in gambling. Having the wrong mindset and wrong principles could make us create wrong decisions no matter how knowledgeable we are in our choice of field.
It is important that once we decide to put up a business we should choose the right business partners with the right motive and effective mindset. Emotions could really ruin our journey once we allow them to control everything.

[Johnyz]

I don’t see this as greed where you are just doing business unfortunately someone is not working fair. You cannot just get your capital by just having a three transactions, real business will use that capital until you made a good and established business, even if its too risky. Even a new crypto project, you can’t expect investors to take profit right away, you have to wait for perfect timing. Being greedy is not good but seriously, with the situation of OP they are just tryin to do a real trade. Better to be more careful next time, and have a secured transactions like availing an insurance or escrow.

[Pandu Geddon]

I don’t see this as greed where you are just doing business unfortunately someone is not working fair. You cannot just get your capital by just having a three transactions, real business will use that capital until you made a good and established business, even if its too risky. Even a new crypto project, you can’t expect investors to take profit right away, you have to wait for perfect timing. Being greedy is not good but seriously, with the situation of OP they are just tryin to do a real trade. Better to be more careful next time, and have a secured transactions like availing an insurance or escrow.

that's the temptation to every trader. when they get big profits, sometimes they forget to return their capital first. and be careful when you want to log in again with the same method or assets. trading is not as easy as buying and selling with profit. sometimes we also have to lose because of our own negligence.
OP's experience shows how we should manage our own finances or investments. no matter how close we are with friends, but sharing for investment is not something good.

[lalabotax]

Trading commonly will not go well if we don't have and run the appropriate concept. The concept here is not only about what we have to do but also more broadly, about how we do it, manage it, control it, and also manage our strategies and emotions.
Our maturity and readiness in forming the concept is not easy, especially in applying it. Here, the results will really depend on what we plan based on the concept and also how we realize it

[Hamza2424]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits.

You are totally right, i have seen so many people in their early journey in crypto trading, as they do not get knowledge of trading and how things actually work but instead, they just get into it. The funny thing is this is how they read charts. "hmmm, on the hourly frame, there are consistently 2 red candles and 3rd candle will definitely be green, wait I should check the weekly farm too, and on the weekly frame, if it is consistently 2 green candle then their analysis becomes so accurate that in the upcoming hours BTC will rise." hahaha.

This looks so hilarious well at the start I also try to understand the market with this concept, well sometimes my luck made me profits but most of the time I face loss. (and that was obvious) because without proper planning and education, you can not reach anywhere. There is one example, which most of my professors used to say, That if we want to go to "X" city we need to ride on "x" bus not on "y" bus. The right plan with the right mindset is as necessary as education.

[Oceat]

This is not you or your friend's fault it's just that there are people who will do something to get advantage of you. Perhaps, I suspect one of your friend are conniving with the bad guys to steal your product since there's no way it could be coincidentally happening at the third order. Maybe it's just my speculation but I somehow agree that greediness is one of the cause here and trading has nothing to do with it. I like all of your plan as it looks like a corporate company but bad things just happens.

Why don't you investigate who was the real culprit instead of like blaming you and the others?

Anyway, trading is just basically buying low and selling high in order to get the profit.

[RealMalatesta]

Emotions part is very true, it is not easy to keep your emotions in check that quickly, it may take some time to make a profit when the time comes because you are worried or fearing or happy or excited or whatever else. You may make mistakes if you think with your heart and not with your brain, a lot of people make that mistake and that causes them to have a trouble in the future.

It is going to take some time before we can master trading, but if we can master not using our emotions as our first step then the rest will come easier. Sure you need to learn TA, or need to learn how to read a chart, or many other million things, but if you can't control your emotions then all the other stuff means nothing at all.

That is the hardest part to master as well. I know you said we should do that at first, because rest is less important, but learning the rest is easier. For example learning what bollinger band is and what it does and what happens when it is X number or Y number, those are all easy stuff, it takes maybe an hour or two to learn what it is, and surely there are many other things like that so it takes time to learn it all, but you just learned that in a few hours.

Whereas emotions are not like that, to learn how to control it and not let it get to you when you are trading is not something that can be done in a few hours, it is something you try to master for months and that is why it takes a long time to make it happen for a while.

[shinratensei_]

greedines has always been the reason so many people out there losing money instead of having some good profits and good time, there's always time when you need to cash out your investment when the value of your investment already high enough waiting for the next cycle of investment, but some greedy people will instead wait it out until it got to its starting point again which is massive waste of time.
same thing with overly investing into some coin which has no prospective or even has already its peak potential, you're just becoming food for the whales that know when to cash out.
in investing and trading in general following emotions is always bad and i can almost always guarantee that such bad decision always coming from the emotion of thinking that we gonna make massive profits and things will always gets better in the future but the reality is always different honestly.

[Fivestar4everMVP]

First, I would like to say sorry for your loss in your crude oil business, without the hoodlums intercepting you guys and catering away with the product, I believe you guys would have made a killing from that business, but anyways, it's one of those experiences, and I hope you guys recover all your losses somehow.

Greed is indeed a menace that if not dealt with properly, would destroy alot of things, most especially, for those who trade In the financial market, it is also a major reason for several loses in gambling as well, greed and pride go hand in hand, they are one of the destroyers of men and their businesses.

[blue Snow]

Anyway, trading is just basically buying low and selling high in order to get the profit.

Yes, true. Trading is based on what people do on market thousands of years ago. The analysis and method are always the same, but for now, it's getting more sophisticated than before because many tools and technics we can learn and search on the internet so that easy we can prediction and calculate what the price will be. I just remember a couple of years ago while I was still a newbie and learn the steps to trading, I even lost a lot of money just learning how crypto trading works, which means, besides the knowledge, the trader must have experience which is most important than all.

[suzanne5223]

I often see people talking about greed and the buzz of getting a profit in cryptocurrency trading. What major people understand but seem to ignore is that every crypto trading provides more knowledge with new understanding because the market has totally changed from 3-5 years ago. This is I believe is what trigger the buzz of chasing after profit we often see in today's market.

[LUCKMCFLY]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

It is obvious that trading has concepts.  There are even rules and factors to consider in trading.  There is also knowledge and discipline to take when engaging in trading.  This alone can obviously tell us the concept about trading.

Trading isn't like gambling where you guess and put your bet and you are ok waiting to either win or lose.  Trading needs learning, a grasp of different concepts in order to maximize profit.  There is also these tecnical and fundamental analysis that has lots of concepts to offer.

Trading is not only the attitude and traits to follow but also follows learnings and adaptability of the decision a person should do in case of a different situations in hand.

The concepts and everything that has to do with the theory in trading is already a matter of seeing what they want to become familiar with, be it one theory or the other, as far as I am concerned it is that I have always used Wyckoff's theory, something of Livermore's teachings and also with other theories, but I have something to lean on, however concepts as such do not exist for me, everyone interprets trading according to what they learn, what they read or what they learn in certain academies or what they that they learn as their own method, but concept, the word concept is something general and I think that instead of concept what exists are specifications.