Trade with caution

[ShowOff]

-snip-

Greediness in trading is when you have reached your target but refused to exit the trade and it's not because you saw more potential upside movement from the market but you're just greedy and wants to make more money from the market. We should always be satisfied with the profits we have and take profit first then if you see an upside movement, you can reenter the market. Greediness is the reason many individual has lost so much money to the market.

Greediness makes you to go against trading with caution, and when you don't trade with caution you're putting yourself at risk of losing to the market. As a trader you should always put in precautions measures so you don't lose to the market as that can be very frustrating.

The meaning of greed varies from merchant to merchant. I agree with your opinion that when the target has been reached, traders should immediately take profit rather than expecting a bigger profit. It was greed, of course because they had set a target. So obviously they have to be very consistent with their strategy and have to exit when the targets are met.

But when it comes to holders then I don't think they deserve to be called greedy especially long term holders. They need not give up on the plan if they still see a greater potential for more returns in the long term.

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[justdimin]

The meaning of greed varies from merchant to merchant. I agree with your opinion that when the target has been reached, traders should immediately take profit rather than expecting a bigger profit. It was greed, of course because they had set a target. So obviously they have to be very consistent with their strategy and have to exit when the targets are met.

But when it comes to holders then I don't think they deserve to be called greedy especially long term holders. They need not give up on the plan if they still see a greater potential for more returns in the long term.

Considering the price went from 15k to 30k+, we could consider that greed could be a good think. If you bought at 15k and sold at 20k not to be greedy, you would have lost a 50% increase, if you sold at 25k, still same, hell even if you sold at 30k, there was another thousand dollars increase that you missed and maybe it will keep on growing more in the future? I believe that we shouldn't really consider this as a big deal, it is not really as big of a deal as you think it is.

I believe that we are at a stage where greed is good because the price might go a lot higher. There are a lot of people who end up with a return that will take some time and with halving around the corner we could go into big bull run, so keeping your coins and not selling them is still a smart choice.

[GiftedMAN]

The points you made are all correct but there are things you need to understand about traders especially the greedy ones. Most traders who encounter losses all the time are not calculative, they jump in and out of the market without considering the situation of the market at the moment before they trade. Most losses in trading do not occur as a result of greed but it does due to lack of calculation of trading timing, your inability to understand timing can lead you to zero profit because ready charts alone and knowing how to trade can't guarantee you good profit.

For traders who lose money due to greediness, most of the wants to accumulate much profit before pulling out in a trade so regardless of the profit they make they can't stop trading until everything turns to Zeo, we can't change them rather the losses and brokeness they become will change them in a harder way.

[imamusma]

The points you made are all correct but there are things you need to understand about traders especially the greedy ones. Most traders who encounter losses all the time are not calculative, they jump in and out of the market without considering the situation of the market at the moment before they trade. Most losses in trading do not occur as a result of greed but it does due to lack of calculation of trading timing, your inability to understand timing can lead you to zero profit because ready charts alone and knowing how to trade can't guarantee you good profit.

For traders who lose money due to greediness, most of the wants to accumulate much profit before pulling out in a trade so regardless of the profit they make they can't stop trading until everything turns to Zeo, we can't change them rather the losses and brokeness they become will change them in a harder way.

Every trader has a different behavior, it's basically up to them. I don't blame greed if traders really believe in the profit potential they will make, but they should exit if market conditions are not as realistic as the potential they expect. There are many examples of greed, but it definitely varies from trader to trader.

They should not gamble on price volatility, but would rather stop trading and exit when their main target has been met. Consistency in strategy is a trait of professional traders, while others will not be like them.

[Inwestour]

every trader has lost an amount before they really learn. the bigger the amount you lost the more you also want to learn to avoid the loss in that same situation. it motivates the traders who lost big time and they always want to get even by winning and making more money.

among the lesson to learn is to sell before the bear market start. learning when it will start is your assignment to do because sometimes, it can fake a bear yet it's a trap.

It is very difficult to apply the experience of another trader on yourself, I mean that it is difficult to learn from the mistakes of others, everyone thinks that they could make a better decision in the same situation. Therefore, we get experience, only when we ourselves make mistakes and lose money, this will be the best lesson to learn. No matter how carefully you try to trade, but mistakes will be inevitable, I do not know a single trader who would become successful and at the same time never lose money.

[armanda90]

It is very difficult to apply the experience of another trader on yourself, I mean that it is difficult to learn from the mistakes of others, everyone thinks that they could make a better decision in the same situation. Therefore, we get experience, only when we ourselves make mistakes and lose money, this will be the best lesson to learn. No matter how carefully you try to trade, but mistakes will be inevitable, I do not know a single trader who would become successful and at the same time never lose money.

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

[Captain Corporate]

Another thing that came to my mind was the fact that I am going to probably sound like a newbie but this is for newbies; you need to make sure that you do not trade a coin whose creator you do not know. Not personally or anything, not like you need to know what is their favorite food, that's not what I mean. Even if we are talking about just the name, google that name, make sure that you know if there is any bad articles about him or her. This alone gets rid of SOOOO many projects. Doesn't mean that we know who satoshi nakomoto is, doesn't mean we have seen any good or bad from Vitalik, its just about the fact that some of them already have bad names, and that alone is such a huge deal.

[Inwestour]

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

Repeating the same mistakes is not very good, it is a sign that the lesson is learned poorly. The value of mistakes is to understand the reason why it happened and not repeat them again. If this cannot be ruled out, then it may be worth considering whether it is appropriate to engage in high-risk activities. And with other people's mistakes, everything is even more complicated, and besides, not all traders share their mistakes, so it is unlikely that you will be able to take into account all the nuances without your own experience.

[Silberman]

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

Repeating the same mistakes is not very good, it is a sign that the lesson is learned poorly. The value of mistakes is to understand the reason why it happened and not repeat them again. If this cannot be ruled out, then it may be worth considering whether it is appropriate to engage in high-risk activities. And with other people's mistakes, everything is even more complicated, and besides, not all traders share their mistakes, so it is unlikely that you will be able to take into account all the nuances without your own experience.

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

[gabbie2010]

I have seen the risk in trading and its noticeable that trading needs more concentration than any other thing in the cryptocurrency investment,  I know I'm knew here but after reading what investors pass through for the loss they experience in trading, I have to share this with us. I know that trading need more seriousness and concentration because its a risk job and risk investment, I outline four things that make investors to lose during trading investment. However trading is a different aspect of earning money

Investment and trading are two different entities you had module up the two aspect of cryptocurrency, Firstly investment in Bitcoin requires appreciate time and period to invest in it possible during bearish run that is when it price dropped to the lowest low and based on history price pattern repeat itself thus there is the tendency that a period will come when the price will turn bullish thus appropriate period for the investor to take take profit.

1st, I will say it's as result of inappropriate of knowing the secret behind trading before joining trading

Of course this is related to trading it had been mentioned times without number to newbies that trading is very risky, there are some basic fundamental knowledge and skills required to become a successful trader if a newbie lack those knowledge such a beginner is bound to fail in trading this is based on personal experience.

2rd, inability to know price of bitcoin ratio and stage before investing

This relates to investment in Bitcoin, I mentioned earlier in my post that it is always advisable to invest during the bearish sentiment of the market where opportunity of buying low is guaranteed.

3rd, Being careless to know when due to withdraw without being greed

Yes both investors and traders should set a target for profit taken else they might ended up break-even or losses  because of high volatility of the price of Bitcoin and other cryptos once target is hit take profit and quit while waiting for another opportunity.

4rd, ability to notice that greediness can be a barrier of losing the profit you made.

Once you set target and profit taken that will absolutely take care of being greedy or better still you can trail the market with  stop loss.

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investment

Learning is a continuous process

As a newbie investor in Bitcoin it's not compulsory to study chart in other to invest a basic knowledge of the market is enough while it is a must for a newbie trader to study chart.

[Dickiy]

Repeating the same mistakes is not very good, it is a sign that the lesson is learned poorly. The value of mistakes is to understand the reason why it happened and not repeat them again. If this cannot be ruled out, then it may be worth considering whether it is appropriate to engage in high-risk activities. And with other people's mistakes, everything is even more complicated, and besides, not all traders share their mistakes, so it is unlikely that you will be able to take into account all the nuances without your own experience.

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

Therefore the role of a mentor or teacher is very important here, they will act as someone who will direct and educate every step that will be taken by traders, especially novice traders. I strongly feel the position that any trader who chooses to go it alone with limited knowledge is very prone to making some mistakes. They know they have suffered a loss but most of them do not realize what wrong they have done. They think it's normal and indeed all traders will experience it, but isn't it better if we do research on the various losses that we experience, the goal is clear so that we can better understand the various risks involved. trading and accompanied by a mentor at least we will know things that we should not do. Actually it is very difficult to go through this process if we are not accompanied by a professional because it is very possible for various mistakes to occur when we do it ourselves with limited knowledge.

[crwth]

Repeating the same mistakes is not very good, it is a sign that the lesson is learned poorly. The value of mistakes is to understand the reason why it happened and not repeat them again. If this cannot be ruled out, then it may be worth considering whether it is appropriate to engage in high-risk activities. And with other people's mistakes, everything is even more complicated, and besides, not all traders share their mistakes, so it is unlikely that you will be able to take into account all the nuances without your own experience.

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

Therefore the role of a mentor or teacher is very important here, they will act as someone who will direct and educate every step that will be taken by traders, especially novice traders. I strongly feel the position that any trader who chooses to go it alone with limited knowledge is very prone to making some mistakes. They know they have suffered a loss but most of them do not realize what wrong they have done. They think it's normal and indeed all traders will experience it, but isn't it better if we do research on the various losses that we experience, the goal is clear so that we can better understand the various risks involved. trading and accompanied by a mentor at least we will know things that we should not do. Actually it is very difficult to go through this process if we are not accompanied by a professional because it is very possible for various mistakes to occur when we do it ourselves with limited knowledge.

That's the thing with having a mentor, you would be guided as you are going through with trading. Novice traders definitely need those and having been able to be guided is important. But it is more important to know that you need to do something about it and continue to be consistent in what you are doing.

[Nrcewker]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

As a newbie the first concern should be how to acquire more knowledge about the crypto space. More the knowledge you have, more is the chance that you make good profits. If you have enough knowledge about the coins and about the market then definitely you can make less losses. As a newbie I would also suggest you to observe the market at first for couple of trades. See what affects the price and when the price is falling down. After a good observation when you feel confident then only trade. Also trade the amount that is not required urgently to be spent. As there is huge chance that the amount invested may result in loss.

[Russlenat]

Trading is definitely not everyone's cup of tea, especially if we talk about day trading or scalping which means that you buy and sell assets within a very short period of time to book some profits, which is what almost every single trader does when they say they are traders, you can barely find people who do long term trading like holding for a week or so so that the profit margin goes higher than the short-term trades we discussed earlier.

Having enough knowledge and experience is obviously required to become a trader or a successful trader, without enough knowledge about the market and the cryptocurrencies, and also not knowing the tools and analysis techniques will make you have a hard time trading different cryptocurrencies.

For successful trading, in addition to knowledge, you need to have good intuition. No trading tool is absolutely accurate. That is why intuition comes to the rescue. It is honed over the years, but you need to have patience. In addition, you need to have strong enough nerves to try not to take hasty actions

I guess having a good and correct intuition is a must. Knowledge and experience are powerful, but I also believe if you come up with the right intuition most often, then there will be more chances for your trades to be highly successful. Also, being patient and persistent on your goal are crucial too. You can’t be trading successfully if you don’t have the motivation to target your goal in the first place.

[Distinctin]

That 3rd statement is true and has always been the case for the majority. Just as everyone is aware that they're on the profit, they're passing it on. It's because that they're thinking that the profit might be higher than what's being seen at the moment. Thus, greed is being detected on the majority while it's possible to sell at just keep the profit and win by that time, they're letting it pass because of the thought that the profit might be higher if they wait a little bit longer. Yes, that's possible but for how long? Years? or just a few days or just a few hours? Do not forget to satisfy yourself and take that profit.

Do not forget that you are trading to experience profiting. So you should learn when to sell at its best profits. And not when you see there are profits waving for you, you just ignore it because you want bigger profits instead. That is very wrong when trading. Greed has no place in trading, at least you should know it from the beginning. Otherwise, if you can never be satisfied with small but consistent profits, then you should never be trading in the first place because it will not satisfy your hunger for profits.

[Silberman]

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

Therefore the role of a mentor or teacher is very important here, they will act as someone who will direct and educate every step that will be taken by traders, especially novice traders. I strongly feel the position that any trader who chooses to go it alone with limited knowledge is very prone to making some mistakes. They know they have suffered a loss but most of them do not realize what wrong they have done. They think it's normal and indeed all traders will experience it, but isn't it better if we do research on the various losses that we experience, the goal is clear so that we can better understand the various risks involved. trading and accompanied by a mentor at least we will know things that we should not do. Actually it is very difficult to go through this process if we are not accompanied by a professional because it is very possible for various mistakes to occur when we do it ourselves with limited knowledge.

Having a mentor is without a doubt one of the best ways to avoid making mistakes you can find, however there are very few traders out there which enjoy the fortune of having a mentor, and there are many reasons for this, very few traders are profitable on the markets and even fewer can tell you why they are profitable at all, and if that was not enough there are many traders out there which do not want to teach their techniques as it took them years to refine them, so your average trader has no choice but to try to learn how to trade on their own.

[ultrloa]

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

Therefore the role of a mentor or teacher is very important here, they will act as someone who will direct and educate every step that will be taken by traders, especially novice traders. I strongly feel the position that any trader who chooses to go it alone with limited knowledge is very prone to making some mistakes. They know they have suffered a loss but most of them do not realize what wrong they have done. They think it's normal and indeed all traders will experience it, but isn't it better if we do research on the various losses that we experience, the goal is clear so that we can better understand the various risks involved. trading and accompanied by a mentor at least we will know things that we should not do. Actually it is very difficult to go through this process if we are not accompanied by a professional because it is very possible for various mistakes to occur when we do it ourselves with limited knowledge.

Having mentor is without a doubt one of the best ways to avoid making mistakes you can find, however there are very few traders out there which enjoy the fortune of having a mentor, and there are many reasons for this, very few traders are profitable on the markets and even fewer can tell you why they are profitable at all, and if that was not enough there are many traders out there which do not want to teach their techniques as it took them years to refine them, so your average trader has no choice but to try to learn how to trade on their own.

You cannot get a mentor unless you can pay them for the time they spent upon teaching you or either there are one of your close relatives that willing to help you learn on how to trade correctly. If you don't have any opportunity to learn from them much better to self study about trading since experience is powerful tool for us to became a high caliber trader. So if we are in learning stage much better if just enjoy the trade flow and for sure in future our efforts will be paid off once we learn the technicalities of trading in crypto market.

[Questat]

You cannot get a mentor unless you can pay them for the time they spent upon teaching you or either there are one of your close relatives that willing to help you learn on how to trade correctly. If you don't have any opportunity to learn from them much better to self study about trading since experience is powerful tool for us to became a high caliber trader. So if we are in learning stage much better if just enjoy the trade flow and for sure in future our efforts will be paid off once we learn the technicalities of trading in crypto market.

But we must also know that trading couldn't be learned instantly. Asking for a mentor is a good option if we wanted to learn faster but yeah, we also have to pay for the services offered and they are quite expensive which is why many traders are preferred to take the self-study option although it takes a longer time. However, learning to trade is perhaps continuous because everyday trade that we experience could also contribute to learning as well. We become experts in this field not because of what we get from self-study or mentors but because we gain success due to our long trade experience.

[Peanutswar]

It is very difficult to apply the experience of another trader on yourself, I mean that it is difficult to learn from the mistakes of others, everyone thinks that they could make a better decision in the same situation. Therefore, we get experience, only when we ourselves make mistakes and lose money, this will be the best lesson to learn. No matter how carefully you try to trade, but mistakes will be inevitable, I do not know a single trader who would become successful and at the same time never lose money.

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

Every trading we made we gain experience not all the time we win the trades this serves as a lesson to us what are the things we need to fix, another thing is if you didn't apply those mistake you made I guess you need to make changes to your self we learn from those to prevent this things might happen again use this to serve as a lesson to you so you don't repeat it again. Another thing is people keep doing a single coin holdings or making a single pot of asset if those asset falls down all of your investment goes down too ideal to separate and scattered those funds so you can still win in others if you didn't mange to get profit to those some investments.

[TimeTeller]

It is very difficult to apply the experience of another trader on yourself, I mean that it is difficult to learn from the mistakes of others, everyone thinks that they could make a better decision in the same situation. Therefore, we get experience, only when we ourselves make mistakes and lose money, this will be the best lesson to learn. No matter how carefully you try to trade, but mistakes will be inevitable, I do not know a single trader who would become successful and at the same time never lose money.

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

Every trading we made we gain experience not all the time we win the trades this serves as a lesson to us what are the things we need to fix, another thing is if you didn't apply those mistake you made I guess you need to make changes to your self we learn from those to prevent this things might happen again use this to serve as a lesson to you so you don't repeat it again. Another thing is people keep doing a single coin holdings or making a single pot of asset if those asset falls down all of your investment goes down too ideal to separate and scattered those funds so you can still win in others if you didn't mange to get profit to those some investments.

As each trade is different as the market performance of each coin varies from one to the next,
you can't apply what you have learned from your previous trade to your next trade.
But you can always keep in mind such lesson when you encounter it again.
Diversification is always advisable to get out alive in any market. You always need to think of your contingencies so as not to go bankrupt,
when one asset is on the losing side. Better think ahead rather not prepared for what's to come.