Another mistake that make traders lose. Greed.

[GreatArkansas]

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.

This one is really common. I experienced it most of the time before when I was still starting to trade. Common mistakes for beginners.
Best lesson here, we must always have a plan, just like a blueprint; entry point, stop loss, take profit target prices.
Another thing that is difficult is sticking to the plan you have, which will lead to this common mistake.

[OsaiEmma]

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.

I haven't done the first, over leveraging is the number 1 rule I locked in on when I started trading. In fact, I only increase my leverage after series of losses (not a good idea either, but sometimes it works), and take profit little by little, until I recover a little and bring down the leverage again. Sometimes I do forget to readjust the leverage, and this do lead to significant losses.

BUt your second point, it's like a steady occurrence, and it is really bad, I've been a victim to it a lot, but I started taking profit earlier, instead of waiting to meet my TP point. Well anyways, in trading we keep on learning everyday, each loss and profit made is a lesson.

[Italian Panic]

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.

This one is really common. I experienced it most of the time before when I was still starting to trade. Common mistakes for beginners.
Best lesson here, we must always have a plan, just like a blueprint; entry point, stop loss, take profit target prices.
Another thing that is difficult is sticking to the plan you have, which will lead to this common mistake.

Of course, this is the real dilemma for a trader: you have to be more pragmatic and close the position once your target has been reached, because things can’t always go your way. There is also a rule that says there is always an opportunity out there, you just need to be able to spot it so the best decision is to close the position and be content, whilst waiting for the next opportunity. The alternative is become a hodl.

[liasbaa]

I think most traders have faced this situation. Trading is like gambling if you are not disciplined and you will end up with bad results. It is more difficult to protect yourself from losses than it is to make a profit from trading. Once you make a profit, you will buy again because profit is addictive but traders forget about it and the value of the coin may decrease further. The tendency to increase leverage after making a profit for the second time can naturally lead to increased losses for traders. Because they expect more profit and put most of their funds into short term portfolios. There are many traders who make such mistakes in trading and I have learned from such mistakes and therefore trade very small amounts of available funds such as 10%.

[_act_]

Another thing that is difficult is sticking to the plan you have, which will lead to this common mistake.

This is the main thing that is very difficult for many traders, they will got a plan in trading, execute the plan and they are making money from it, but the problem is that while making the money, they will have a change of plan which can be unintentional but because of greed that they have which they do not know. It can be, I am making money, let me increase my leverage and so on which will let the trader to start to lose.

[summonerrk]

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.

During my entire trading period, I have never used leverage, because before that I had always heard that it only caused problems by strengthening my trading position. After all, even a small deposit is often enough to get a good profit from it with a measured and thoughtful strategy.
And attempts to make a trading position stronger due to leverage, as a rule, turn out to be big losses. The Internet is full of stories about those traders, losers, who exposed their greed too much and eventually gave birth to a story about it.

[dunfida]

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.

During my entire trading period, I have never used leverage, because before that I had always heard that it only caused problems by strengthening my trading position. After all, even a small deposit is often enough to get a good profit from it with a measured and thoughtful strategy.
And attempts to make a trading position stronger due to leverage, as a rule, turn out to be big losses. The Internet is full of stories about those traders, losers, who exposed their greed too much and eventually gave birth to a story about it.

From the word leverage then it would be understandable that you are putting up yourself on much more risks but surprisingly there are people who are really that wanting to test out and even those newbies that believing that they can make easy money but once they have stepped their foot into the market then this is where they would be able to realize that it was never been easy and those trading balances they do have do easily got liquidated. I have made myself only stick with 10x and goes beyond that then this isnt something a risks worth taking on this approach. Always stick to spot and never touch up futures or high leverage if you arent sure on what you are doing. Mistakes are normal but the best is that you would be able to learn from it and trying out to minimize errors as much as you could because trading isnt a sprint but rather a marathon on which you would be needing up to sustain for longer runs rather than on going fast but prone into mistakes. Greed is common and thats something that you do need up to control and get avoided.

[Pandorak]

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 word "greed" is indeed the most fitting term to describe traders with this mindset. When their analysis is spot-on, they know where prices are likely to move, and they’ve grown comfortable with low leverage and then they start making profits, the desire to earn more often kicks in. They think "Surely, if i use higher leverage, my profits will be bigger too", This is the starting point of massive losses, with no regard for risk.

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.

I usually call it TAKE PICTURE instead of TAKE PROFIT, lol.

This is what often happens, thinking that by waiting a little longer, the profit will definitely be bigger, so instead of closing the position, they show off first, even though that profit isn’t guaranteed yet. Often, the trend reverses and leads to a liquidation.

[LastKiss]

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?

so I guess it's not good at all and with greed we're not making money. Because of greed, they make poor decisions and often try to revenge trade after losses especially in futures trading. From my experience trading futures, whenever I use high leverage I end up losing. But with low leverage, I see more stable growth in my portfolio. Patience is key if we want to be profitable. The best approach, in my opinion is to avoid high leverage or spot trading only and always set your stop loss especially for day trading.

Many traders also choose altcoins because they want quick profits, but this can be a trap. A lot of influencers show impressive returns from trading altcoins, but in reality, they may just be attracting traders to become their exit liquidity.

[barbara44]

If you have no real discipline in trading, greed will certainly eat you out. That is why a lot of traders have been losing in the end because their greed is higher than the amount of discipline they instill from the very beginning.

Greed can either come in the late game or early game or before we even learn the mid and advance lessons of how to trade but I think it is more common on the later game when one has more confidence already. Either way, both can still make one to lose money but the later may seem more painful because we already have the money and yet it still fly away from our hands.

That is why a lot of traders have been losing in the end because their greed is higher than the amount of discipline they instill from the very beginning

Their greed is higher than the amount that they are trading maybe . But it make sense, since we continue for more in order to earn more.

One single win, its like they're up for big and consistent profits, when everyone knows that would be impossible in trading.

Well, first win is indeed a start of something great. You can't be consistent if without it and then maybe some literally wins a big amount at first? Greed still have their intensities. Sometimes I am greedy too but not in a greater extent like I decide to continue playing after a win and maybe lose only a little of what is gained and that is the time I will stop.

[knowngunman]

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.

I suppose this is what every trader plan but the spirit of more money is very strong and that's when our greed comes in to motivate us to either increase the leverage or to leave the trade open for longer time than usual time just to make more money. Historically, this practice usually end up in a big disappointment but do we learn from it? Absolutely yes but do we abstain from such practice? Obviously No, because the love for more profit is natural and only few people can handle this greed.

If you haven't experienced what's in Op, you probably haven't started trading. Experiencing is one thing and overcoming the test is another.

[Hatchy]

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

Like I will always tell people, greed can either make you rich or ruin your life completely. Let's not forget that in this market if you are really going to meet your dream you need to take some kind of crazy but well calculated risk. If you are stuck with risking very small amounts in the market you simply won't be growing fast. One moment you are winning then when a loss comes, it takes back all. There is always a need to be greedy in the market but be sure you understand exactly what you are doing. Don't be in a rush, it's all a process. You can gradually increase your risk and overtime it will get used to you. Along the line you become a master of yourself..

[NotATether]

Only discipline can fix greed.

If you don't have discipline when doing anything, you're not built for this.

Greed is perhaps a bigger problem than leverage because most people don't know what their limit is.

I always set a target, and then use the maxim 'never go past the mark you aimed for' to discourage myself from waiting for my positions to increase even more.

[SmartGold01]

Honestly greed plays a major roles why people lose money while trading and if they are not careful and apply caution they would still end up losing what they had already accumulated. Trading is actually a smart game for the smart people who always make sure a single dollar count for them, of course over trading or excessive trading is not good so, when they have already accumulate some profit while trading and it happens that the market changes direction it's not good to change their position whereby if it turns red they could lose what they had already accumulated.

[passwordnow]

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

They will not understand this when they haven't got into so much losses. Someone who's made a lot of losses will choose to go steady, slowly but surely profits. Because any amount of gain is a gain and that's better than having losses. At some point at their trading careers, they'll realize that it's not about how high you can earn per trade you do. But it's about on how you're going to minimize the risk and the potential of losing money. That's how we can say how a good trader is because earning can be done with a stroke of luck although we don't advice that wholly.

[FanEagle]

I mean i used to do it in the past but it was actually really easy to correct it, I mean the stop lose was there for a long time already and we are not using it, thinking that we are probabably going to lose an opportunity but I learn the there are always opportunity in the market, and small profit is going to be better rather than taking a lose, This was already a lon time lesson in trading that we should never be greedy when it comes to trading because it is going to be a huge trade off, It was always like your going to blame yourself when it's like you already earn a 100$ but you end up losing it just because your too greedy and not putting atleast a stop lose to save your profit in a trade.

We already know that when we lose that focus because we are being too confident, we are going to end up losing it, so having the discipline and focus is always the best thing every time, you dont want to lose it just because you are winning, and losing it should always be on.

Yeah, making small profit and do it repetitive in many times is the way to make money, and making sure that you do not lose a lot is a way to go for the long term as well. I understand why people do not do it because they do not like seeing just a mere 1-2% profit, they want more, and they want to see 20% profit on their screen or their portfolio up 50% or something like that. But it's unlikely and we are not going to see that being common in most cases, we should be ready for it not being there.

When a trader realize that being consistent is more important than cracking big profits in one trade and facing losses in rest of trades in a certain time frame. When you are consistently making profits which is even on lower side, at the end of month you will be fine and getting ready for another new month would be possible but without consistency you cannot be ready for another new challenge.

[Byebyebtc]

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.

I really don't know how some people trade, but I'm my own trading experience I calculate every thing set my take profits and stop loss and then execute my trade, it will either hit my stop loss or take profits,

But closing a position actually sounds strange to me, my trades play out and close by their self dependant of if it hit tp or all.

[Joy- maker]

I understand that people don't always profit from trading all the time,  but most of the loses we experience is as a result of greed.  Some traders are just too greedy,  they want to become rich overnight through trading which i don't think is realistic.

Greed is something that is in humans,  but even as that there times we need to face reality,  trading is not something you should be approaching with greedy.  If you are trading take any little profit you see  and move on.  Don't increase leverage because you think the market is in your favor,  always stick with your strategy and continue trading with discipline.

[Powerjumboo]

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.

In answer to your first question, I would say that I have not entered the futures trading platform because I find the futures trading platform very risky. Since I do not have much experience in trading and I cannot make good predictions and analysis, that is why I have not entered the futures trading platform.

But I entered the spot trading platform and traded there. Spot trading seems to me to be much less risky because when I trade and I have a lot of losses, I can wait until I recover and make a profit, but if I entered the futures trading platform, I would not be able to hold on to the losses. However, I would say that for those who have very little trading experience, it is better to leave futures trading and do spot trading, as the chances of losing money will be very low.

[puloweh555]

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.

This one is really common. I experienced it most of the time before when I was still starting to trade. Common mistakes for beginners.
Best lesson here, we must always have a plan, just like a blueprint; entry point, stop loss, take profit target prices.
Another thing that is difficult is sticking to the plan you have, which will lead to this common mistake.

Mistakes like this are common and almost every trader experiences them. The difference is that some traders learn immediately from their mistakes, while others never learn from them leading to repeated mistakes, even leading to greed. Greed doesn't just occur when you're making a profit and force yourself to trade again. It also occurs when you should have taken profit but choose not to hoping for a larger profit, but ultimately end up losing.

Essentially, trading mistakes should be used as lessons for future trading. Greed is indeed one of the worst mistakes, leading every trader to experience greater losses, even with a sound strategy. In trading psychology, greed is a major enemy that prevents you from trading successfully.