Another mistake that make traders lose. Greed.

[Oshosondy]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

Let me ask you this question and be sincere. Have you not experienced it before?

I have experienced it before.


The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

Slow and steady profit is better than steady profit turmed losses.

[cryptoaddictchie]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

Let me ask you this question and be sincere. Have you not experienced it before?

I have experienced it before.


The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

Slow and steady profit is better than steady profit turmed losses.

Yes experienced it before as I was an active future trader and now converted into spot trading. At first I really like how I am doing it but in the end I also ending up being greedy and loses more. Its not I am not good to check charts and trading but sometimes overconfifence really hit big and instead of profiting making more losses. I kinda doing more spot now and never did go back on future leverage.

[Wapfika]

I experienced this a lot in the past which due to the greediness to want more after experiencing a series of good trade that boost confidence to enter more trade.

The worst part is I’m earning a lot for a month then losing it within just a single day or hour due to bad trade with leverage trading or the coin suffer a massive drop for a short period of time after pumping hard.

My timing is very off when bad luck hits me hard after my kucky trade streak.

[maydna]

I have experienced before and happens many times. I think that increasing leverage can gives me more profit since I see the market is in good moves. But then the market reverse suddenly and makes me in trouble, the result is far from what I expect.

The second one is happens many times. Greed makes me forget that the market can change direction anytime. Greed makes me lose control and expect bigger profit but that is not always happens.

From that experienced, I learn many things and helps me to introspect. Slow and steady profit is better than fast profit turned losses.

[hd49728]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

Let me ask you this question and be sincere. Have you not experienced it before?

I have experienced it before.

Fear and greed are in a pair of bad trading traits, and if people are either too greedy or too fearful, their trading results would be very bad by severely affected by emotion and psychology.

If people can not do opposite with the crowd do, like Warren Buffet said "Be greedy when the others are fearful, and be fearful when the others are greedy", traders will mostly trade like the crowd and lose money like the crowd.

https://priceactionninja.com/wall-street-cheat-sheet-the-psychology-of-market-cycles/

The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

Slow and steady profit is better than steady profit turmed losses.

Don't close trading positions manually as it will become more emotional decision while in the market, traders can make many bad emotional decisions.

Rather than closing positions manually, let's use stop loss order or stop limit order to do it automatically for you, together with manual closures anytime you want.

[Charles-Tim]

Yes experienced it before as I was an active future trader and now converted into spot trading. At first I really like how I am doing it but in the end I also ending up being greedy and loses more. Its not I am not good to check charts and trading but sometimes overconfifence really hit big and instead of profiting making more losses. I kinda doing more spot now and never did go back on future leverage.

Just as it is in gambling, so is it in trading. I think it is one part of the brain that is responsible for it. If you trade and eraning profit especially consecutively, you will think of making more profits, not knowing that you are already against your trading plan or strategy. This can make people increase the money that they are using to trade but most likely it is the leverage that they will increase. After liquidation, they will calm down again, looking for another money to trade.

[coinlary]

It's called "no risk no gain" which is also simply gambling. Sometimes you wonder how much you could have made after getting some profits if you had eventually used a higher leverage. Then you raise it but what happens to how much I could have lost if I used high leverage I can't afford? That's not a concern to most because they are only looking in one direction.

The second one could be greediness if it reaches your position and you decide not to close but at the same time it could be normal trading shits. It doesn't go according to your plan every time.

Don't forget to HODL your bitcoins btw.

[Arenga pinnata]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

Let me ask you this question and be sincere. Have you not experienced it before?

I think almost every trader has experienced this, and I’m no exception, I’ve been there too. Sometimes I make a profit from the positions I open. And sometimes I set a limit on how many positions I open in a week. But, well, sometimes I end up breaking my own rules. Usually, the reason is that I feel it’s pretty easy to make a profit, and greed often clouds our rational thinking, leading us to make the wrong decisions in the end. And sometimes, all the profits we’ve made over a few days can turn into losses just because of a single trade made out of greed. And ironically, this kind of thing happens over and over again.

[Awaklara]

I have also experienced a situation like that. But actually, I didn't really notice that I was beginning to become greedy because of some gains obtained in trading. First, you would definitely feel that we might need to take higher risks to earn more. Not because we lack ability, but actually, we are not grateful for what we have already gained. 
When I make profits from several positions I have taken, it might be natural for some traders to feel more capable than before. So feeling that increasing leverage won’t be a problem. Especially since previous gains are considered pretty good.

[joeperry]

The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

Slow and steady profit is better than steady profit turmed losses.

Yes I have experienced it and I think most of the traders have experienced that. There's this one time where I am around 200% profit with a high leverage and instead of setting a stop loss at profit (higher than my entry point) and I thought it will gain more hype and will pump since it's a meme coin and after 30 mins after I saw that I gain 200%, I got liquidated. One thing I realized is that once you've made a profit, set a take profit above your entry point and if possible stick with the technical analysis you've set.

[Zaguru12]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

Let me ask you this question and be sincere. Have you not experienced it before?

I have experienced it before.


The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

Slow and steady profit is better than steady profit turmed losses.

Every trader that hasn’t experienced both case scenarios before is not actually a true trader in my opinion, there is no way that greed, fear and uncertainty hasn’t actually got into any traders head before. It normally happens during your early days of trading where you feel on top of your trading game and think you have actually masters it out, it’s actually part of the initiation process in my opinion.

This is why many successful traders have always been saying that conquering your emotions takes almost 70% of been a successful trader. If you’re winning it’s hard to still keep up with your risk management and not go over board with. Once you’re able to actually control this emotion and apply your usual risk management at every period of time then you seriously have solved the 70% problems of been successful in trading

[Strongkored]

Small profits aren't encouraging for traders, so increasing leverage becomes an option even though they know the risks increase.
Those who believe in "no pain, no gain" won't mind the risks involved, although this could also be considered greedy, as if profits increase, they'll likely increase leverage again for even greater profits.

[Big Dirams]

Many traders have experienced most of the things the OP mentioned an of course I also have experienced such scenarios before. When a trader start making profits and the outcomes start being positive many traders forget the facts that the market isn’t our play ground or predictable place most times. So being careful and avoiding our hubris to fool us and deceive us instead we should make sure we know how to manage our risk and greed when making plans in the market.
 Trading can be complicated when our greed overcomes our decision and that always what make so many traders loss the right outcome of trading and end up in the bad end.

[8rch7]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

Let me ask you this question and be sincere. Have you not experienced it before?

I have experienced it before.


The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

Slow and steady profit is better than steady profit turmed losses.

Exactly, greedy is main problem in cryptocurrency trading why make many people loss much and its happening almost all trader right now, get confidence after earning profit in last several days then increase the leverage and up the margin exactly at the future trading until make position too close with liquidation. Have high ambition to earn much profit make people not avoid their self from high risk in trading exactly in future trading, increasing leverage and less enough back up margin fund make easily get close with liquidation.

I think keep trading as usually although you need to wait few days later earn profit and don't increase the leverage if won't make position close with liquidation, better earn stable profitable than have to put your self at high risk although has high return.

[nelson4lov]

I believe having a system that has clearly defined rules will help stop mistakes like this. I don't have such systems and I make mistakes like this every once in a while and now I think about it, we should actually have a system in place for this. So that once price moves in a certain way or patterns, there would be rules in place to cover for it. The rules shouldn't also cover edge cases and should be simple to follow and non-ambiguous such as:

• Price moves from point A to point B => do this (take profit or close)
• Trades are only taken when the trading plan says so. This can help with rushing into a trade immediately after a win for even more wins that ultimately leads to a loss more often than not.

[Asiska02]

Almost all traders have this mindset of wanting to get rich quickly, many do not know that trading is not a get rich quick scheme and needs to be followed up on gradually. Even if you’re a lucky trader that made money quickly off trading, there is a high probability that you’ll lose everything and until that time will you understand the value of what you’ve lost and would trade carefully henceforth and not leverage on luck and getting rich quickly. Slow and steady is far more better than fast and losing. Almost all traders can agree to that, but experience is always the best teacher.

[batang_bitcoin]

Greed is a big factor why many lose more.

The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

And this greediness of some traders will lead them not to become satisfied with what they've already earned. If it only takes them to close a deal, they won't do it and they'll wait for more. Because what's on their mind is that they have to earn more and make themselves a winner with quite big amounts.

Slow and steady profit is better than steady profit turmed losses.

I agree, I'll take that route even if people tell me I am like a turtle and too slow yet, surely.

[Issa56]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

When most traders are making money continuously, they are always getting so confident that they are already a professional trader and they can increase their leverage, and immediately they do that, they going to start losing money. As a trader, you are suppose to know when you going to stop trading, don’t be so greedy whenever you are trading, sometimes when you make even little profits, just stop trading for that moment, because if you continue you might just lose everything which you have made in the past.

Let me ask you this question and be sincere. Have you not experienced it before?

Yes have experienced it multiple times before.

[rbynxx]

I think I agree with you on that one, this is a thing that a lot of traders probably find difficult. After some good trades or a consecutive days of healthy profits, it’s easy to start feeling genius and blindly think that increasing leverage will give even more profits. Most of the time, that’s when mistakes starts to happen. Been there, done that, and I’m sure many traders did have an experience.

The second point is also real, sometimes the trade is already profitable, but because greed eats us up or the hope for more profits, we didn't close it, then the market reverses and fuck it up and turns into a loss and probably it did some to these traders recently and I'm sure of that. Very expensive lesson, but I think this is more common than we can possibly imagine. In my opinion, a steady and controlled profit is always better than trying to squeeze too much from one trade and ending up losing it all. Discipline and risk management matter more than chasing big wins.

[Jewan420]

Winning in trading is difficult, maintaining victory is even more difficult. Even with basic knowledge, a trader can earn from trading and win some trades. But the main problem of those traders is not being able to stop at the right time or not being able to control greed. The main problem among inexperienced and experienced traders is not being able to maintain discipline against greed. That is why greed is considered the biggest enemy of trading.

A trader becomes experienced the day he knows how to stop at the right time and knows how to control himself and his greed despite winning. How long you have been trading and how much experience you have is not the main thing, but how controlled and how disciplined you are is the important thing