Sometimes greed is the outcome of investing a money that you can't afford to lose. If you don't want to lose the money, then don't trade. There is always a risk on everything we spent if we want to make profit, particularly in business. There is always a risks in investing and there's more risk if we trade especially in futures. There's a chance of losing money, and the emotions has an important role to become profitable. So if you can't afford to lose, then your emotion will be so much affected as well as your trade. And that's one the reason why a trader lose in the long run.
In trading and in business or in everything there are always risks. And in crypto trading the risk is much greater. But behind big risks there is always an opportunity to make big profits. This is what usually makes someone greedy. And can't control his emotions. Because you always don't feel like you have enough of the small profits you have made and feel like you have to have bigger profits in the near future. But an experienced trader will always regulate their emotions so that they do not influence trading decisions too much. Because even though emotions are also needed to take risks. But still, in carrying out analysis we have to think calmly and without involving too much emotion. And most of those who experience losses are those who are very bad at managing emotions. Those who are greedy and impatient are examples of people affected by Fomo. 
Topic: Don't do this mistakes in trading - page 2. (Read 1143 times)
Sometimes greed is the outcome of investing a money that you can't afford to lose. If you don't want to lose the money, then don't trade. There is always a risk on everything we spent if we want to make profit, particularly in business. There is always a risks in investing and there's more risk if we trade especially in futures. There's a chance of losing money, and the emotions has an important role to become profitable. So if you can't afford to lose, then your emotion will be so much affected as well as your trade. And that's one the reason why a trader lose in the long run.
I agree with this especially about greediness. When it comes to trading, greed might result in rash choices, excessive trading, or taking on excessive risk. Greed can impair judgment, lead traders to risk too much money on a single trade, or cause them to hang onto lost positions for too long. Having a sound trading plan and following it is more crucial than pursuing excessive profits out of greed. To stay out of the greed trap, it's critical to control risk and establish reasonable profit goals.
In any case, greed will lead to negative things, especially in trading. To prevent this from happening to us, we should set a target before we trade, be it a profit target or a loss target. That way, we can further minimize the greed that comes to us.It's not easy to implement this, but we can work hard to do it. I'm sure we will get used to it and be able to suppress the greed within us.
When we can control ourselves, we will be able to avoid things that will have a bad impact on us. And I think only we can control ourselves, so we have to be in complete control so that emotions or greed don't control us.
Well said. Every Trader without a plan surely will Trade badly, i agree with your opinion that we should always have profit target and also loss (PnL), this helps a lot, me myself I always ensure to set mine this limits the greed and also prepare you for any outcome. If Trader use this method, I do not believe they will be expose to much risk.
This must align with any Traders plan.
I agree with this especially about greediness. When it comes to trading, greed might result in rash choices, excessive trading, or taking on excessive risk. Greed can impair judgment, lead traders to risk too much money on a single trade, or cause them to hang onto lost positions for too long. Having a sound trading plan and following it is more crucial than pursuing excessive profits out of greed. To stay out of the greed trap, it's critical to control risk and establish reasonable profit goals.
In any case, greed will lead to negative things, especially in trading. To prevent this from happening to us, we should set a target before we trade, be it a profit target or a loss target. That way, we can further minimize the greed that comes to us.It's not easy to implement this, but we can work hard to do it. I'm sure we will get used to it and be able to suppress the greed within us.
When we can control ourselves, we will be able to avoid things that will have a bad impact on us. And I think only we can control ourselves, so we have to be in complete control so that emotions or greed don't control us.
Trading money what a trader can afford to lose is right but in trading practice, a more important rule is protection of your trading capital.
You can afford to lose it before you start your trading with actual money but you need to protect your capital. You must avoid to lose your trading capital as without it, you are emptied hands and your trading career ends at that time.
So use stop loss order, stop limit order to defend your capital and minimize risk to lose all of it.
Some traders lose their money due to excessive greed. Trading is definitely risky so we have to watch and then trade. Many times it is seen that we want to trade without our proper knowledge in trade, of course before trading we must gain proper knowledge about trade then we have to trade. We have to let go of our excessive greed in trading. When we see that we are making some profit but we don't, we don't have much time to hope for additional profit, it makes us lose more. However, if we have enough experience in trading, if we can make the right decision at the right time, we will achieve a lot of success through this trade. This will give us a lot of work in managing our life and seeing our success, ten more people will show interest in trading. You can afford to lose it before you start your trading with actual money but you need to protect your capital. You must avoid to lose your trading capital as without it, you are emptied hands and your trading career ends at that time.
So use stop loss order, stop limit order to defend your capital and minimize risk to lose all of it.
I agree with this especially about greediness. When it comes to trading, greed might result in rash choices, excessive trading, or taking on excessive risk. Greed can impair judgment, lead traders to risk too much money on a single trade, or cause them to hang onto lost positions for too long. Having a sound trading plan and following it is more crucial than pursuing excessive profits out of greed. To stay out of the greed trap, it's critical to control risk and establish reasonable profit goals.
The most reason traders are losing is because of greed. They will make profit but still keep the position opens but later the market might go another direction and they may lose. The second thing is that they can be using high leverage which will be resulting to liquidation. But a trader needs good strategies to make profit than loss while patience and low leverage are important. Also not to be trading shit coins is important.
You are totally right, that is what it's really killing some traders and it's also making them to lose the more, greedy is a very bad habit, that once you start it, it will be very hard for one to stop it and it's one of the fastest way that lead to addiction, which is really against gambling because it's never a good habit and can't yield a good report in someone's life. Also using gambling with what you can't afford to lose, also makes it hard for one to take or leave quietly, they will want to recover their money which will be making them to act in a irresponsible way. So let's try to fight addiction and also be patient and have self control, so that we won't be a victim of circumstances.
1. Trading money that you can't afford to lose
2. Greed
Even though it's the most basic thing to remember, but these things are often be forgotten by those traders because they think they can just get away with it and underestimate the impact you could get from these two points. Patience could fit for another point there, but for investment these two are the most important especially greed where if greed take over control of you then bad things are continuously happen. 2. Greed
Excessive greed should be avoided in trading. Because those who enter the trade for a short period of time should exit with a small profit. Becoming a successful trader is not easy. You have to be very patient. Investing in the right coin and being patient for a long time will certainly yield good returns. But it is best not to take trades for a short period of time.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
In my opinion, making mistakes in trading repeatedly is normal or very natural, they want to know whether the indicator technique they are using or using so far is working well or not. If successful, he will gain knowledge from the learning so far from the indicators used. Therefore, it is important for us to install a stop loss indicator in trading, how much is the profit and how much is the loss. To minimize the losses you trade in the short term. If they have not found common ground in these indicators during learning, they can move on to other options with the spot model. This type of model is correct in what you say, the risk is much less than short term. As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
Most traders always think that acquiring the skill of trading will reduce the losses,yeah it's right a trader knows the fundamental and technical analysis of trading.But a greedy trader may end up with losses most times for instance a trader targeting a profit of 100% and when the profit is 50% he/she won't sell the current profit and when the price drops the trader regrets and loss.And also a trader should trade an amount he/she can afford to lose in order to reduce great loss.
That's the problem with such kind of a trader, if you are more on your emotions you will be dominated by greed and fears, though some may develop good attitude with that basic principles, as long as you can handle the pressure and you know how to move forward if in case that you failed your attempts.
Your mentality needs to be driven by facts and knowledge regarding to the business that you are into, if you failed to control yourself then that's the time that you are endangering your deposit.
Decision making needs to be based from the knowledge and understanding and not by emotions.
Most traders always think that acquiring the skill of trading will reduce the losses,yeah it's right a trader knows the fundamental and technical analysis of trading.But a greedy trader may end up with losses most times for instance a trader targeting a profit of 100% and when the profit is 50% he/she won't sell the current profit and when the price drops the trader regrets and loss.And also a trader should trade an amount he/she can afford to lose in order to reduce great loss.
Excessive greed should be avoided in trading. Because those who enter the trade for a short period of time should exit with a small profit. Becoming a successful trader is not easy. You have to be very patient. Investing in the right coin and being patient for a long time will certainly yield good returns. But it is best not to take trades for a short period of time.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
Little profit is much better than losing your money due to greed because little money can become more if we accumulate this sum and manage wisely. If someone invests wisely in top coin then no matter if he is gaining little profit or more but if he is not losing any amount then he is successful.
We should avoid greed here because most of the time people prefer their greed and without investing in top coin they start to buy altcoins as they heard that they can return huge and quick but due to this greedy behavior and faulty choice one feels contrite for the whole life but cannot do anything.
Newbies often start with huge amounts as they believe that the more they spend the more they will gain but with lack of experience earning becomes difficult for them so I will suggest that they take every step wisely without listening word by word from others and accept it.
Greed has no room in trading. You can be greedy but without sufficient knowledge and skills in trading, still you end up with nothing gained. That’s why be contented with small amount of trades, so that if ever you lose, the pain and losses will still be bearable.
Committing mistakes is normal but committing the same mistake all over again and again is somewhat not good anymore as it looks like we are not learning nor we would like to change. Many people had learned from their mistakes in the past so they improved and became successful. I think that committing mistakes is a good tool to make someone push themselves to learn more and become careful in their actions. More experience, more mistakes but on the other hand, it creates also more learnings.
I don't think anyone wants to keep making the same mistakes, unless they have a significant mental illness. There are steps that anyone can take to prevent mishaps. Learning from experience and seeking guidance will also lessen the likelihood of making mistakes. Because no one is flawless and everyone makes mistakes, making a mistake is simply an opportunity for you to embrace and learn from it. Making mistakes is not a terrible idea at all. And that is how you learn from your mistakes and become a trader. And when you make a mistake, you'll want to learn from it. This is what growth is all about.
You are right about that opinion, making lots of mistakes will be a good lesson. But sometimes someone cannot escape from these mistakes and always repeats them. This also depends on how mentally they carry out trading. It won't improve if you can't train your mentality, you always panic and even sell when prices crash. I always try to use the losses that occur as a reference for the future and mark these mistakes. so the profits will be more than the losses.
Since mistakes are not deliberate so it will be a little better to always be conscious of making mistakes even if it is something we are going to learn from. But everyone should avoiding making mistakes. If you continue trading it will get to a point that your mistakes will be reducing because you will be becoming a professional. Not only mistakes matters but consistency will end up been the key because the more you trade the more you learn. Price crash because it is a normal thing. If you don't get your self use to that situation it will always make you worry. And been available mentally also matters a lot. Because you emotions will determine how your trade will go. Their are some things that can be avoided. So it is better to aviod them.
The two things you mention are pay less and second is a greedy nature both have a great potential to destroy your trading career before start. In the mind of newcomers borrow money from someone for a few days and in these few days they will make it double this is because of the misguidance they hear from friends or YouTube etc that trading is a quick rich scheme. This includes a huge risk if you get some profit by chance then it's ok but what if you lose the fund? You will destroy your career. The second thing is greed which is attached to emotions and is a monster if you can't control this wild animal will result in losing all your assets and funds. So be careful when you come to trading and before coming get a good experience in trading.
As traders I think everyone has different level of greenmd in us because I still don't know why some traders are so confident of the market and they prefer to use 50x or 100x to trade in the market. What do surprised me is that most time they do win the trades which is the reason why they would want to keep surprising the newbies that could think that the market is as easy as that. One need to understand different trading techniques so that we don't choose such a trading lifestyle and end up losing big in the market.
Yes, those who shared that kind of experienced inspires those newcomers to try things like this, I guess there are really traders who did well in terms of maximizing thier profits, I'm not talking about those pumpers and hypers but those who really taking their time in searching for good projects to invest.
With their dedication and focus they able to pick the right asset while still in early stage and once it pumps up they able to maximize their earnings and enjoy the outcome.
Well, you're right there; actually, what the traders mentioned are doing is not easy to do; you have to have the dedication to know the cryptos that you will make a profit through trading. Because you will really exert time and effort.
That's why I also admire those types of traders who are full of dedication to getting firm earnings here in the crypto trading business. Traders like that are rare, and that is also one of the things that a trader tries to adopt as a character.
Excessive greed should be avoided in trading. Because those who enter the trade for a short period of time should exit with a small profit. Becoming a successful trader is not easy. You have to be very patient. Investing in the right coin and being patient for a long time will certainly yield good returns. But it is best not to take trades for a short period of time.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
Little profit is much better than losing your money due to greed because little money can become more if we accumulate this sum and manage wisely. If someone invests wisely in top coin then no matter if he is gaining little profit or more but if he is not losing any amount then he is successful.
We should avoid greed here because most of the time people prefer their greed and without investing in top coin they start to buy altcoins as they heard that they can return huge and quick but due to this greedy behavior and faulty choice one feels contrite for the whole life but cannot do anything.
Newbies often start with huge amounts as they believe that the more they spend the more they will gain but with lack of experience earning becomes difficult for them so I will suggest that they take every step wisely without listening word by word from others and accept it.
I remember vividly when I first attempted to trade, my friend who convinced me to trade told me I do not need to be knowledgeable in trading before I start trading. I can start with copy trading and make steady returns. I got interested then and agreed to join the trading 'business', but it didn't take me long to realise that I was given the wrong orientation. Imagine deciding to trade with the intention of making lots of money without stressing about it, I was literally consumed with greed and ignorance. Ofcourse my first attempt at trading failed woefully
I just hope newbies learn from my story and put lots of energy in acquiring the right knowledge. There are lots of profits to be gained from trading, this can only come if done right.
Excessive greed should be avoided in trading. Because those who enter the trade for a short period of time should exit with a small profit. Becoming a successful trader is not easy. You have to be very patient. Investing in the right coin and being patient for a long time will certainly yield good returns. But it is best not to take trades for a short period of time.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
Little profit is much better than losing your money due to greed because little money can become more if we accumulate this sum and manage wisely. If someone invests wisely in top coin then no matter if he is gaining little profit or more but if he is not losing any amount then he is successful.
We should avoid greed here because most of the time people prefer their greed and without investing in top coin they start to buy altcoins as they heard that they can return huge and quick but due to this greedy behavior and faulty choice one feels contrite for the whole life but cannot do anything.
Newbies often start with huge amounts as they believe that the more they spend the more they will gain but with lack of experience earning becomes difficult for them so I will suggest that they take every step wisely without listening word by word from others and accept it.
Excessive greed should be avoided in trading. Because those who enter the trade for a short period of time should exit with a small profit. Becoming a successful trader is not easy. You have to be very patient. Investing in the right coin and being patient for a long time will certainly yield good returns. But it is best not to take trades for a short period of time.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
The level of greed also increase when you managed to make a successful calls, but likewise it's really the big factor that affects each traders, either you are for long term trade or short term trade both are being affected of that greed inside you, though there are people who can manage to control their greed traders who really pay attention and keen with the details of their trades and how they set up their targets, both limitation and how you execute your plans are mostly succeeded once you manage to overcome your greediness. As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
Of course, every trader must be able to control greed and emotions when they trade so that they can carry out their trades according to the plans they have made and can make the right decisions on the trades they make.
Excessive greed should be avoided in trading. Because those who enter the trade for a short period of time should exit with a small profit. Becoming a successful trader is not easy. You have to be very patient. Investing in the right coin and being patient for a long time will certainly yield good returns. But it is best not to take trades for a short period of time.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
The level of greed also increase when you managed to make a successful calls, but likewise it's really the big factor that affects each traders, either you are for long term trade or short term trade both are being affected of that greed inside you, though there are people who can manage to control their greed traders who really pay attention and keen with the details of their trades and how they set up their targets, both limitation and how you execute your plans are mostly succeeded once you manage to overcome your greediness.
Excessive greed should be avoided in trading. Because those who enter the trade for a short period of time should exit with a small profit. Becoming a successful trader is not easy. You have to be very patient. Investing in the right coin and being patient for a long time will certainly yield good returns. But it is best not to take trades for a short period of time.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
As with greed, excess leverage causes more losses for a trader. Therefore, for those who do futures trading, less risk with less leverage should be kept in mind.
The basic principle of trading is that it is better to make a little profit than to lose a lot. Failing to gain greater profit was never considered a loss, while failing to obtain current profit was a loss for them. Prices can fall at any time for any reason, so they must be very wise in decision making and put aside greed in favor of greater profit.
For a trader, it is better to make a profit of $1k today before the price is corrected than to make a profit of $2k the next day but have to lose $2k first because of greed. They can buy the dip if they take $1k today, this can leave them with more capital than waiting for tomorrow.
that should be the basic but trading is so uncertain that you can't just set your target and everything will eventually come to place, sometime the market behave in strange way, i mean yes having small profit is definitely better than losing money but i'm sure many people that are experienced in trading knows that sometime the price bounce back after we are selling, due to haste decision we missed such a great opportunity of making money. i mean such thing might not be a good thing for future trading but certainly spot trading there are many occasion where the price bounce back even higher could give bigger profit if we were patient enough we can get that profit but taking that small profit just because market showing little sign of dumping we just missed that whole opportunity.For a trader, it is better to make a profit of $1k today before the price is corrected than to make a profit of $2k the next day but have to lose $2k first because of greed. They can buy the dip if they take $1k today, this can leave them with more capital than waiting for tomorrow.
the concept of trading such as getting little profit is better than losing, buy high and sell low, is a good thing to follow but applying is so hard.
personally when it comes to trading see whatever fits our target, being flexible is the key that could help us getting profit in trading, if the market is showing correction but you're so sure that it will eventually come back, maybe its worth a try to take that little risk and see how things gonna turns out.
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