We're all the same!

[palle11]

💻Why do many people always step on the same rake??? 😼

1️⃣. Greed, lack of knowledge and patience. They just want "easy money". We do not intend to wait for the "market to give". Everyone wants a lot in the moment. As a rule, they are always super poor (crazy. displays of who a person is in real life).

2️⃣"This time will be different than yesterday" (guided by the desire of what you want, not what is happening in the market).

You have good points on this and number two points is very true. We seem to want the market to do what we want and not what the market is exactly doing and most times we jump in as we expect the market to start reacting the way we want. This is a common phenomenon with newbies because of being eager for profit. Being in a haste is the greatest undoing of traders, if you jump in early at the time the market is not in the direction of your order then the only thing that will happen is you get burnt. If you put your hands in a furnace, you won't be spared because the fire is only doing its own business of burning and that is exactly how it happens with entering wrongly. Every trading day is different though and we have to follow what is happening in the market not what we want to happen in expectation.

[yudi09]

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That's the simplest way I can tell him to describe where the difference is between people who do market activity and in everything.

The main goal may be the same, namely to expect profit for the trader and a large return for those who make the investment, but the way of doing it can lead to differences. The difference as we have mentioned. There are those who are greedy by putting in all the money (initial capital + profit) for the next trade without thinking about the opportunities that will occur in front of them so that the result is losing everything.
In real life it may be similar to in the trading world. They choose ways that go against the rules to achieve the ultimate goal.

[isaac_clarke22]

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Well not for long for most people. Although in the long-term, people would still want to get the easiest way to earn money so they would just step in to the same rake. Insert "Jumping on a rake" meme here.

In regards of crypto media, I usually take those with a grain of salt. It's not something you would solely rely on deciding to sell your coins. I can remember those days....those FUD days that I was trading in EtherDelta and Binance and was like highly attached to these news headlines, it all turned out to be just an attempted FUD. What a bummer.

[MFahad]

I think that everyone can be consider as same in some habits because they are same and are present in everyone like that of desires for more. Actually one does not become happy and satisfied with the present reward but wants to multiply it.

There is not any business which will give you money easily without any efforts and people should learn that in which business there are risks so in that business income is also immense. Accept the risk, learn what is essential and just accept your profit because desires appears more and more which can be harm for you.

[sulendra12]

1️⃣. Greed, lack of knowledge and patience. They just want "easy money". We do not intend to wait for the "market to give". Everyone wants a lot in the moment. As a rule, they are always super poor (crazy. displays of who a person is in real life).

Sure, people have greed. But, the way people manage and minimize the risk of greed taking over their decision is different for each trader. Some people would need to completely limit their trading so they wouldn't get too overconfident and only need to trade what they are capable of in the first place, but for some people that they can control the greed then it would make a greed as their motivation to gain more but of course with limitation as well. Once you have set your limit, then I think you are already in a good spot.

Most of people human's nature are basically the same but each person has different trait that makes it unique to handle some circumstances.

[beerlover]

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Well not for long for most people. Although in the long-term, people would still want to get the easiest way to earn money so they would just step in to the same rake. Insert "Jumping on a rake" meme here.

In regards of crypto media, I usually take those with a grain of salt. It's not something you would solely rely on deciding to sell your coins. I can remember those days....those FUD days that I was trading in EtherDelta and Binance and was like highly attached to these news headlines, it all turned out to be just an attempted FUD. What a bummer.

It's true, the crypto media is doing stuff just because they want to do it, and that's not really acceptable at all, we should be a lot more careful with what we are doing. I think it should be reminded that if we are going to end up with any news, then we need to be able to confirm it from multiple sources, and directly from the source of that news as well, we need to be able to check it ourselves and see it.

Otherwise it is "reported that this and this happened" and then you check and that did not happen and the news was a lie. The worst case is that they defend themselves as saying "we said it was reported, it was reported wrong to us as well" about making a false news as well. So, it should be important to keep checking the main source.

[Cling18]

1️⃣. Greed, lack of knowledge and patience. They just want "easy money". We do not intend to wait for the "market to give". Everyone wants a lot in the moment. As a rule, they are always super poor (crazy. displays of who a person is in real life).

Sure, people have greed. But, the way people manage and minimize the risk of greed taking over their decision is different for each trader. Some people would need to completely limit their trading so they wouldn't get too overconfident and only need to trade what they are capable of in the first place, but for some people that they can control the greed then it would make a greed as their motivation to gain more but of course with limitation as well. Once you have set your limit, then I think you are already in a good spot.

Most of people human's nature are basically the same but each person has different trait that makes it unique to handle some circumstances.

If we know how to deal with our greed and manage the risk at the same time, we will be able to hit the profit that we want but we shouldn't be overconfident all the time as the volatility of the market is mostly hard to deal with so we have to be careful with our actions and decisions.
If we are struggling controlling our greed, we better set a certain amount for trading and as much as possible, discipline ourselves so we won't take wrong trading moves. If we're having a losing streak in trading, we better check our mistakes and see what we have done wrong so we can analyze how to correct it the next trading activity. Also, we shouldn't stop learning and try applying specific strategies that will help us earn better.

[Vaculin]

That's simply because of human nature. Now our only goal is to not fall into the same pits that people in the past have fallen onto.

Though unfortunately for the most of us, experience is the best teacher. That's not necessarily bad though; as long as you jump back up and try again.

I agree on your point but let’s also consider that every human being has its unique characteristics. But we share the same goal at the end of the day. Although losses are still inevitable no matter how we’re good at combatting with it, but if we learn to fight without quitting and regretting, perhaps all of us will still end up being successful. Same like trading, it does not matter how much and how often you lose, as long as you tend to correct your mistakes everytime by not repeating the same mistakes again.

[GreatArkansas]

1️⃣. Greed, lack of knowledge and patience. They just want "easy money". We do not intend to wait for the "market to give". Everyone wants a lot in the moment. As a rule, they are always super poor (crazy. displays of who a person is in real life).

Among the rest, this is the thing I am more convinced about and can relate to sometimes.
Some people are also lured by the internet, people who keep promoting something but we can't blame them, especially if they are just sharing their thoughts or speculation.
It must be a lesson for us not to fully rely on without confirming or doing research.

[Sebas.tian]

I disagree with you in that aspect OP, we are not the same in that aspect because there are some traders who has the knowledge of crypto trading at the right time just to achieve his or her target in the market. I think, is only new traders who don't exercise patience in their crypto trading because they always feel the price will not increase higher more than this than to sell at the moment for them to regret when the price continue to increase in the market. I don't think, there is an easy money anywhere these days because you have to take some risks to buy coins and hold for the market price to improve higher before you can think of releasing them for sale to make a huge amount of money.

[Lida93]

💻Why do many people always step on the same rake??? 😼

1️⃣. Greed, lack of knowledge and patience. They just want "easy money". We do not intend to wait for the "market to give". Everyone wants a lot in the moment. As a rule, they are always super poor (crazy. displays of who a person is in real life)

The market doesn't give, in essence the market wasn't designed to give but we're to take from it based on the established strategy we put forward given our matching knowledge and experience. If you wait for the market to give to you, you will end up waiting for eternity I guess.

2️⃣"This time will be different than yesterday" (guided by the desire of what you want, not what is happening in the market).

3️⃣Manipulations in the accumulation/distribution zones with the help of crypto media, public opinion (those who should always lose), expert opinion - in other words, the lack of their own understanding.

4️⃣ "fortune-telling on daisies up / down" instead of a clear work plan. There is no trading strategy (that is, the basis with which the market character was going to make money).

5️⃣The use of an exchange instrument that was invented to take money 100% (it's only a matter of time when this will happen and with which "market is to blame") - futures. Violation of elementary concepts of risk management, and in some characters (mapping who is in reality) generally adequate logic of a mentally healthy person.

6️⃣ Margin (a risky instrument only in the hands of #Stupid money, but very greedy).

👏The list goes on, but these are the main points. Think about it. I'm sure you thought you were completely different, but absolutely everyone thinks so))))🧘

Our experiences with cryptocurrency are very much different, there are those that learnt from the mistake of others, some was a personal experience which could be very painful but very a few persons were so lucky to have a good start.

If we are able to minimize our greed and give room for patience by analytical conducting research on whatever project before investing and not in greed rush into eventual loss

[jostorres]

The list goes on, but these are the main points. Think about it. I'm sure you thought you were completely different, but absolutely everyone thinks so

That's us when we were new in the market and in cryptocurrency involvements, but as we move on, we start to learn everything, something the easy way and some the hard way but eventually, we learn everything and then we start telling others what to do and what shouldn't be done as a new user in cryptocurrency trading. That's how things work in life as well, when you are a child, you are unaware of anything and vulnerable to mistakes and stuff.

As you grow up, you start to learn everything until you become mature and then you tell other children what you have experienced. The only difference is that when we are trading, we have our money on the line while in life, we just learn by our experiences without losing anything.

[uchegod-21]

2️⃣"This time will be different than yesterday" (guided by the desire of what you want, not what is happening in the market).

This is the reality of man. We are always optimistic and basing our success on luck rather than face reality. I have seen this countless times, more often in gambling. You will hear statements like this;

• Today is a bad day, tomorrow will be better
• Mr. Bob won with this strategy, why won't I?
• You don't have to give up, tomorrow will be better

Most times, this optimism blind us to the reality of life and in the end, the story is not always nice.

[Flexystar]

Why not mate? You have to feed the family, have desires, go on a leisure trip, buy house, buy car, and have fun with your life. In a grim reality to do this you need lot of money. The things are becoming even worse as we see hiked rates of every basic needs and thus leisure remains dream of many in the world of 9 to 5 job!

This is why we work our asses off so that we can get some extra money and fulfill those dreams. Obviously it's not any sort of greed but it is sort of hope that we will end up with nice lifestyle at some point and after all those efforts we will have our sweet fruit.

If someone is trying hard, being greedy about the money making then definitely there is motivating factor. But if someone has the money, someone has made good profits and yet they are going further to make more then definitely that one is bad greed. There are differences amongst everyone, some see through it clearly and some may not.

[Nrcewker]

That’s human tendency mate. Everyone’s main motive of trading is to make decent amount of profit in shorter period of time. So yes the list you mentioned does follow this aspect of human nature. We all here to win, and greed is primary reason for everything. All traders mindset becomes same when we have to risk money and to make money from it. We can’t deny this fact, and we should accept it proudly.

[Cookdata]

👏The list goes on, but these are the main points. Think about it. I'm sure you thought you were completely different, but absolutely everyone thinks so))))🧘

Ok, now this looks like the old days when we used to have people come to our college tell us about unsuccessful stories and sell their handbook with us about how to succeed in life, I think your post is saying the same thing, no direction just epic story without even mode of communication. The headline says we are all the same and yet you are just lamenting and beating around the bush, I don't know if this is a trading discussion or you are pissed off about a trade you lost, if that's the case, take a break and cool off.

Your feedback though, still says the same thing and in addition to your subject, we are not the same and we can never be the same. Just because you lost a position doesn't mean others did, they probably made the opposite and cashout big, we don't think the same thing even when we all have common goals of making a profit in the end, the strategic way of thinking differs from individual, let that sink man and please try refraining from creating unnecessary threads.

[shivansps]

It's like a circle, where we learn different things altogether, get misinformed, and get influenced by different things, particularly the wrong perception of others that some people allow to pass through them. Trading is not a job with a stamped agreement of a fixed monthly salary, both for those that assume to be professionals and for those that are not. That is to say, we all make mistakes in trading, learn from them, try again, and keep trying until we increase the rate of profit. That's why it's said that trading is not for everyone; if you are not really willing to experience some loss, then you can't trade.

Right. There are people who ask how much I will earn per day or per month when I become an experienced trader and I have a lot of experience. Trading is not a stable income or a fixed profit. The truth is that you will have to lose a lot of money, learn through this experience, become a better trader in order to earn more later. There is no gain without loss.
I agree, over time you already understand who is worth listening to and who is not. Who can give good advice and who is terrible

[xSkylarx]

💻Why do many people always step on the same rake??? 😼

1️⃣. Greed, lack of knowledge and patience. They just want "easy money". We do not intend to wait for the "market to give". Everyone wants a lot in the moment. As a rule, they are always super poor (crazy. displays of who a person is in real life).

This is really what most of us do at the start. I mean, imean because of greed that is going to earn money immediately, we somewhat took the HYIP investment because we thought that was the only way we could earn, and just imagine it is really easy to double your money and you aren't thinking the opposite of it. We get blinded by greed and want just to sit on our couch and do anything. This is also the case with not learning to trade; we just want to wait for signals, which we know are really a loss in the long run.

[traderethereum]

We're not the same.
If someone is greedy in trading, investing, or otherwise, they will not be able to get the profits they want.
They would only suffer losses from time to time as long as they couldn't change their attitude and were still greedy for big gains.
Getting big profits depends on market movements and if the market is still like it is now, they will find it difficult to get the profits they seek.
So they have to overcome the problem of greed, learn a lot more, and be patient, waiting for the time to make big profits.

[Dr.Bitcoin_Strange]

Right. There are people who ask how much I will earn per day or per month when I become an experienced trader and I have a lot of experience. Trading is not a stable income or a fixed profit. The truth is that you will have to lose a lot of money, learn through this experience, become a better trader in order to earn more later. There is no gain without loss.
I agree, over time you already understand who is worth listening to and who is not. Who can give good advice and who is terrible

The thing is that some people don't just learn the basics, and they might have heard from their friends that they can earn a lot of money from trading, so they just dive into it without learning first. Trading profits are not a stable source of income, as they usually vary and also depend on the amount that the person has invested. Some experienced traders are making big profits too, but they put in a huge amount and risk their investment, so if it turns out to be a loss trade, the amount is usually huge too.