Litzki1990
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December 22, 2023, 04:23:40 AM |
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There are many members in the forum who think that by investing or trading they can get rich quickly and with such thoughts they decide to invest money without thinking about the market. He may not be aware of how risky it will be for him to invest without knowing about the investment. Or a new member invests without having any idea about the market but sees some volatility in the market and if he sees some money profit then he becomes restless to invest again. But those who are real investors are never in such a hurry to invest but they have enough understanding about the market and then trade or invest. I should never think that investing will make us rich quick but we should think that we can get something good from crypto platform.
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Awaklara
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December 22, 2023, 06:03:50 AM |
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There are many members in the forum who think that by investing or trading they can get rich quickly and with such thoughts they decide to invest money without thinking about the market. He may not be aware of how risky it will be for him to invest without knowing about the investment. Or a new member invests without having any idea about the market but sees some volatility in the market and if he sees some money profit then he becomes restless to invest again. But those who are real investors are never in such a hurry to invest but they have enough understanding about the market and then trade or invest. I should never think that investing will make us rich quick but we should think that we can get something good from crypto platform.
those who think crypto is a way to get rich quickly are beginners who are consumed by FOMO. They are sedated by the streamer's motivation regarding trading or investing which makes beginners very obsessed and think that trading or investing is something that is easy and will quickly make them rich. Just leave people like that, until finally, they will know for themselves how to invest or trade crypto well. of course by realizing that their perspective has been wrong. it will probably cost them some money upfront.
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kojektea
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DGbet.fun - Crypto Sportsbook
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December 22, 2023, 06:32:37 AM |
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very true. especially when trading futures. I really experienced this. taught me the importance of emotional management apart from asset and risk management. in terms of control, when we have made a profit of several tens of percent, it should be part of our daily routine or a few hours of rest to calm our psyche. I did this and it proved to be quite helpful. In essence, greedy people here will lose, it is real. This even happens to many people from me, my friends, the community I follow, it even seems that controlling emotions is more difficult than managing assets and risks.
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Boy_chef
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December 22, 2023, 06:48:47 AM |
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This is the fact where risk management comes to play in trading. It's really a game of win or loose.
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God bless u
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Eloncoin.org - Mars, here we come!
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December 22, 2023, 08:59:40 AM |
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It is a fact that if we cannot get good results from any business or job then we start blaming the business or job but what mistakes we are making are negligible for us. If we accept our faults and then learn according to it then we will say that at start we have done large number of mistakes but now we are a good traders as we learn from our mistakes.
If your loss percentage is more then try to overcome trading because here is the chance of more failure through more trading. If you are calm and waiting to enter the market at right time and at the same time you are learning the basics about trading will be better than as a part of trading and trade on daily basis to loss money everyday.
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Kelward
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December 22, 2023, 10:23:00 AM |
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From this, I catch that these newbies are too stupid and greedy and they think that the market is going through their side, and in that, they face many losses. So the suggestion for the newbie is to stay away from excess trade per day set a target per day and achieve that target quit the trading for that day and come back after two or three days, through this way I think they will keep their funds from greed and will gain more experience.
Patience in cryptocurrency is a virtue that every trader should imbibe, especially newbies that have not mastered the knowledge of the analysis needed to avoid loses. I agree that greed is one big factor that makes many newbies to have loses in trade, because when they have profitable trades they tend to increase their trade, believing that they'll gain more, in the end they might end up losing everything. As you said it's advisable especially for newbies to set trading targets for a day and not overtrade, so they can minimize loses. It's good to take a break and come back another day more energized and keep increasing in trading knowledge.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
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MFahad
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December 22, 2023, 10:34:28 AM |
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Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.
They just can't wait for the market to come to them, they always chase the market and when they finally blown their account, they start saying trading is a scam or it's gambling, no bro, trading Is more about knowing the craft and be disciplined enough to wait till the market comes to you (your strength). The most funny aspect is that they think that the more they trade, the more money they make. Trading is not like that, you calculate your loss first before your profit
In some cases it may happen that newbies get good profit in a trade, but it may be the luck of a few that other people also consider trading as a means of getting quick profit. Experienced traders never make this mistake and never consider trading as a shortcut. Trading is also a skill and until this skill is mastered, the damage can only be done. People who have losses always talk negative things, so people should not pay attention to such things, Rather, attention should be paid to trade. Newbies can also earn a good profit from a trade, but the condition is that it is taken after proper analysis and proper selection. You can also make big loss with big money. The most important thing is that the market is not always suitable for trading, but should be traded only when there is a suitable opportunity. Trade is neither gambling nor scam, but our own methods make it gambling or scam.Lack of experience and greed for profit always leads to loss.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Kelvinid
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win lambo...
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December 22, 2023, 12:35:40 PM |
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very true. especially when trading futures. I really experienced this. taught me the importance of emotional management apart from asset and risk management. in terms of control, when we have made a profit of several tens of percent, it should be part of our daily routine or a few hours of rest to calm our psyche. I did this and it proved to be quite helpful. In essence, greedy people here will lose, it is real. This even happens to many people from me, my friends, the community I follow, it even seems that controlling emotions is more difficult than managing assets and risks.
That will certainly happen to someone who was taught that trading is easy and honestly, most of us are a victim of such an assumption until the time we realize that it was wrong. That is why we should treasure all the experiences we have in the past and all the mistakes we commit because in this way we learn and even enhance our knowledge and skills as we know this will help us to succeed. Nothing is impossible as long as if we are willing to change and accept mistakes but if we keep insisting that we are right, we only end up failing. - knowns how to control our emotion - knows our limitations - improve market understanding
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Jody.Drummer
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December 22, 2023, 01:31:05 PM |
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From this, I catch that these newbies are too stupid and greedy and they think that the market is going through their side, and in that, they face many losses. So the suggestion for the newbie is to stay away from excess trade per day set a target per day and achieve that target quit the trading for that day and come back after two or three days, through this way I think they will keep their funds from greed and will gain more experience.
Patience in cryptocurrency is a virtue that every trader should imbibe, especially newbies that have not mastered the knowledge of the analysis needed to avoid loses. I agree that greed is one big factor that makes many newbies to have loses in trade, because when they have profitable trades they tend to increase their trade, believing that they'll gain more, in the end they might end up losing everything. As you said it's advisable especially for newbies to set trading targets for a day and not overtrade, so they can minimize loses. It's good to take a break and come back another day more energized and keep increasing in trading knowledge. Yes that's right, one of the things that makes traders experience more losses than profits is because they have the wrong approach in their involvement, of course patience is one of the things that every trader must have because with it you can minimize some actions that should not be done, one of which may act out of control because of emotions due to losses. But this is trading where if there is a profit opportunity then there will always be potential losses, the two things cannot be separated. And agree that most who experience losses quite often are beginners who have just come, as I said above that they come with the wrong approach, because usually they only focus on profit opportunities compared to risks while on the other hand they do not have the experience and skills that are qualified so that instead of getting profits but the opposite happens, namely suffering the number of losses. That is why it is not uncommon for some novice traders who have just gotten involved but have already withdrawn or failed due to not being able to withstand all the losses they have experienced. Not understanding the concept of trading is also bad, we are human beings with feelings and if you do not understand trading along with what should be prepared for prevention then obviously out of control behavior is very likely to occur, which is why we must have risk management, take profit and stop los, it is very important to keep you from experiencing significant losses and avoid greed.
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Faisal2202
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December 22, 2023, 02:23:56 PM |
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On the time that you are already that doing it that much on which on the sense that you are already spending up too much time and too much money but still having that fixated kind of strategy and you are simply hurrying up yourself on making money then this is something that you should be stopping it as soon as possible. You are really that indeed making yourself that putting up on such harm because trading isnt something that you could really be able to treat up that way or else you would really be ending up on a disaster. It is hard to understand your words but I almost get your point, I think you are not used to the English language. Well, frankly, I am also not very good at English. Well, talking about your statements, I want to say, that I am not doing it now, as I was telling my story of the past, and mentioned it to give those who are newbies here and are making trades over and over again in the essence to make more profit, some sense of why OP is saying is really true. then this is where you would be deciding that you should really be just that calling it a day and completely stop and dont ask for more. When desperation do really kicks in then it would really be that so damn hard to stop mid-way.
You are right, besides desperation, we become greedy and we don't know where to stop, because if we are doing some work in office or anywhere else, we do know we can make this much money and that's the most we can make and it is not possible to make more than this, but in trading judging when to stop and where is our limits is a little bit difficult.
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jossiel
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December 22, 2023, 02:28:42 PM |
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Call it a day when you have made more than your minimum or exactly minimum. You don't have to go that much with your trades and try hard.
Forcing it might even lose you just as what you're saying on the title. Don't over trade and avoid being greedy. That's what will help you to survive on the market.
Sometimes it's friendly but most times, it's not. That's why protect yourself from the market and as well as your profits too.
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Pandu Geddon
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December 22, 2023, 02:31:07 PM |
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Patience in cryptocurrency is a virtue that every trader should imbibe, especially newbies that have not mastered the knowledge of the analysis needed to avoid loses.
I don't think it applies to all cryptocurrencies. You can see memecoins or crypto tokens that are useless after being created and never listed on an exchange. it all requires research, not just patience. However, beginners are not advised to start trading or investing without some knowledge. some might say if they don't start how beginners will gain knowledge and experience. It's simple, there have been many cases that have occurred and been shared by many traders. Of course, it's not just their success story but how they started with patience in learning. no one is suddenly successful, they go through a process that we don't imagine.
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redsun114
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December 22, 2023, 02:39:33 PM |
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I don't know what you mean by the market going to a trader or the trader going to the market, but all I know is that a lot of newbie investors lose money because they FOMO if that's what you mean. They see a coin or a token that has gone up significantly just recently, and they think it will go up more so they take a position in it, and as always, the coin/token starts dropping right from there since it has already reached the peak and it's never a good point for buying.
So, what newbie traders and investors need to learn and understand is that you can't enter this late and still expect to make great profits, and if you are doing it for a small share of profits, you shouldn't do it because it has more risk than reward which is never a good thing to do as a trader in this financial market.
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Viscore
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December 22, 2023, 03:08:43 PM |
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For experienced traders, we all know that overtrading may not lead into positive outcome. However, for newbies in trading, it's normal to see them wanting to trade consistently in order to make frequent profits. Greed makes them resort into overtrading. And for me, it's useless to stop them from trading when their urge to trade is higher, but until they start to lose more frequently, that's the time they will try to control their urge to avoid future losses.
Newbies will come to understand that not all the time the market allows them to make profitable trades. Yes, they can trade as much as they can but they can never expect that the market will be kinder to them and make their trades successful. At some point, they need to experience losses so they can understand the lesson in trading.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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jeraldskie11
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December 22, 2023, 03:44:38 PM |
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Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.
They just can't wait for the market to come to them, they always chase the market and when they finally blown their account, they start saying trading is a scam or it's gambling, no bro, trading Is more about knowing the craft and be disciplined enough to wait till the market comes to you (your strength). The most funny aspect is that they think that the more they trade, the more money they make. Trading is not like that, you calculate your loss first before your profit
Me I dont trade if the market doesn't come to me, if I don't sees the right setup I don't trade at all, even if it takes a month without trading, it's better for me to wait and be profitable than to lose my capital, stay discipline and be profitable.
We can't prevent overtrading unless we have a plan. A trading plan is vital to success. When we say trading plan, we mean an effective strategy that has previously been backtested and proved to work, as well as risk management. Many traders claim to have a trading plan but fail to implement it because they are influenced by their emotions. This will not entice you if you are a disciplined trader.
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synchronym
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December 22, 2023, 04:31:15 PM |
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Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.
They just can't wait for the market to come to them, they always chase the market and when they finally blown their account, they start saying trading is a scam or it's gambling, no bro, trading Is more about knowing the craft and be disciplined enough to wait till the market comes to you (your strength). The most funny aspect is that they think that the more they trade, the more money they make. Trading is not like that, you calculate your loss first before your profit
Me I dont trade if the market doesn't come to me, if I don't sees the right setup I don't trade at all, even if it takes a month without trading, it's better for me to wait and be profitable than to lose my capital, stay discipline and be profitable.
op I agree with you. Because there are still many traders who think that they will become overnight millionaires by trading in a few days, it is completely wrong. When we trade we must plan to move slowly through the trade. But we should never trade with the attitude that we will become a millionaire by trading in a month. Patience is very important in trading. We all have to have a long-term plan while trading
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Oneandpure
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December 22, 2023, 04:45:08 PM |
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There are many members in the forum who think that by investing or trading they can get rich quickly and with such thoughts they decide to invest money without thinking about the market. He may not be aware of how risky it will be for him to invest without knowing about the investment. Or a new member invests without having any idea about the market but sees some volatility in the market and if he sees some money profit then he becomes restless to invest again. But those who are real investors are never in such a hurry to invest but they have enough understanding about the market and then trade or invest. I should never think that investing will make us rich quick but we should think that we can get something good from crypto platform.
Fatal mistake mindset with the beginner or some trader in this forum with investing in bitcoin as the way how to get rich quickly, many of the trader have bad mindset less patience waiting the market going dump and try quickly entry with market condition on the higher price. Another bad mindset with beginner they want earn much profitable with their investing, out expected because they want earn more than x10 profitable with their investing and looks bit difficult exactly investing with top standings altcoin on coinmarketcap position. Have to change mindset when investing in bitcoin is not faster way to get rich and keep patience waiting market come to us with lower price than have come to market and investing when price still up.
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abel1337
Legendary
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Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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December 22, 2023, 05:45:14 PM |
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Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.
They just can't wait for the market to come to them, they always chase the market and when they finally blown their account, they start saying trading is a scam or it's gambling, no bro, trading Is more about knowing the craft and be disciplined enough to wait till the market comes to you (your strength). The most funny aspect is that they think that the more they trade, the more money they make. Trading is not like that, you calculate your loss first before your profit
Me I dont trade if the market doesn't come to me, if I don't sees the right setup I don't trade at all, even if it takes a month without trading, it's better for me to wait and be profitable than to lose my capital, stay discipline and be profitable.
op I agree with you. Because there are still many traders who think that they will become overnight millionaires by trading in a few days, it is completely wrong. When we trade we must plan to move slowly through the trade. But we should never trade with the attitude that we will become a millionaire by trading in a month. Patience is very important in trading. We all have to have a long-term plan while trading Full of confidence without the right experience. It's not just it happens on crypto but on different market as well, you can also compare it to first timers who has a really great expectation about their first business. There are so many motivators in the internet but those people really survive in their niche facing a lot of losses along their way on being profitable. Those who are aiming for quick rich schemes are the one who are probably losing their money. Confidence is important but it is much more effective if the confidence is paired with knowledge and experience.
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sulendra12
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December 22, 2023, 07:31:00 PM |
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Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.
That's what most people think when they hear about cryptocurrency. But in the end they are really disappointed with the result because they think it's to easy to earn money with trading cryptocurrency, but they don't know about behind the scene about how to actually manage all of that. That's just most of the newbies fault. They just can't wait for the market to come to them, they always chase the market and when they finally blown their account, they start saying trading is a scam or it's gambling, no bro, trading Is more about knowing the craft and be disciplined enough to wait till the market comes to you (your strength).
Chasing more wins or greed is just something that you should never do in any aspect of your life not just in trading. I don't know why people think trading is a gambling, they probably actually losing more because of the lack of analyze of their losses and lack of research. Sometimes you will find yourself is just not the best day of trading, you can't just treat it the same.
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Hamphser
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December 22, 2023, 07:46:34 PM |
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Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.
They just can't wait for the market to come to them, they always chase the market and when they finally blown their account, they start saying trading is a scam or it's gambling, no bro, trading Is more about knowing the craft and be disciplined enough to wait till the market comes to you (your strength). The most funny aspect is that they think that the more they trade, the more money they make. Trading is not like that, you calculate your loss first before your profit
Me I dont trade if the market doesn't come to me, if I don't sees the right setup I don't trade at all, even if it takes a month without trading, it's better for me to wait and be profitable than to lose my capital, stay discipline and be profitable.
op I agree with you. Because there are still many traders who think that they will become overnight millionaires by trading in a few days, it is completely wrong. When we trade we must plan to move slowly through the trade. But we should never trade with the attitude that we will become a millionaire by trading in a month. Patience is very important in trading. We all have to have a long-term plan while trading Full of confidence without the right experience. It's not just it happens on crypto but on different market as well, you can also compare it to first timers who has a really great expectation about their first business. There are so many motivators in the internet but those people really survive in their niche facing a lot of losses along their way on being profitable. Those who are aiming for quick rich schemes are the one who are probably losing their money. Confidence is important but it is much more effective if the confidence is paired with knowledge and experience. Over confidence would really lead into disaster and it isnt really just that limited to gambling but also in other things or aspects or situations in life on which its never been that a good behavior if you would really be that too confident into things on which it would really be leading up into a disaster if you do really that make yourself that too confident and having those thoughts that you do know everything but on the time that you do able to encounter things which you havent been able to encounter before then you would really be having that kind of a anticipation on things and this is why its better to changed it up while its still early and make out those kind of trading method and ways or path on which it would really be that something that will really be that much better on having that kind of approach rather than on making yourself that delusional.
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