you are right and the 4 things that will make your trade successful are
1. patience
2. optimistic
3. right analysis
4. learn from mistakes
Topic: 4 factors that could destroy your Trading (Read 1234 times)
The main factor destroying my transaction is the rush, impatience, not waiting for the market to grow, the market drops. I always fear, so I sell my coins at the level. low price.
For me, the biggest mistake of a trader is the rush and the lack of information. What do I mean? If you pick the wrong altcoin initially, without taking the time to make a personal market investigation, you will lose.
Basically, the dominant mistakes of many people is lack of knowledge. When one plan to enter the crypto market, he mostly hurry up on focusing the benefit that one’s project gave out, without a doubt whether it’s a scam or not. Then he firstly get failed on crypto market. When one has intimate knowledge, he is definitely curious about the project a lot, and yep he will take some research, and probably get much considered on it. Besides, experience and skills one has built will affect dramatically on his result. Because when he has both of factors, he may control his investing, trading closely.
Below are few factors that almost destroyed my trade sometime ago.
1. Greed
2. Impatience/Impulsive
3. In experience
4. Fear
5. Anger
6. Regret.
But now, although i sometime wear some fear, i try to control my emotions and plan very well before entering and getting out of the trade. I am also trying to work on my greed. I am adopting the little drop of water concept.
1. Greed
2. Impatience/Impulsive
3. In experience
4. Fear
5. Anger
6. Regret.
But now, although i sometime wear some fear, i try to control my emotions and plan very well before entering and getting out of the trade. I am also trying to work on my greed. I am adopting the little drop of water concept.
See market prices of crypto currency increasingly fluctuate I think there are a lot of traders who suffered losses, and In taking a decision, many traders are still affected by emotions. Fourth factor that's the meaning, of is a type of emotions:
- Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.
- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
Thanks for sharing - Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.
- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
Honestly, although greed is within the human nature, the human being can control it and not let it overcome him. But the urge of getting much more money ans the confidence of winning will just make things worse. All that you talked about are within the human nature. We cannot get rid of them, but we can control them the way we want them to be. It is not that hard, but it requires training. But the most important thing is to be aware of their existence in you.
Normally, it is within every human to always try to assume the best case scenarios and setting aside the worst case scenarios in most cases. These are two things needed in the trading space which is why it would be hard for anyone to trade any market if they have no strategy and definitely cannot have any strategy if they do not even know all the basics that is needed to know.As long as you have the knowledge and strategy, which you are disciplined enough to go through all the time, greed, fear, hope, regret and to add, indecision, will be the last factors that would ever come to play.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon. .
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
Hope and greed caught me several times. I've been into a lot of position where I stand on almost 50% profit in a leveraged trade but did not close my position, thinking that the price will fall/rise more. What happened next is it move away from the direction I was hoping and I ended up liquidated. Lesson learned. Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon. .
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
It's hard to keep your emotion when trading with real money, especially if it was a big sized trade. Does anyone have a real, applicable tips how to manage emotion?
See market prices of crypto currency increasingly fluctuate I think there are a lot of traders who suffered losses, and In taking a decision, many traders are still affected by emotions. Fourth factor that's the meaning, of is a type of emotions:
- Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.
- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
- Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.
- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
Actually there are many another factors which can negatively affect on trading, as not adherence to principles of diversification and money management, lack of knowledge about trading, fundamental and technical analysis.
greedy and panic. these two diseases are very difficult to remove.
because this is emotion and there is a kind of energy that encourages humans to be greedy.
greedy makes trading like gambling, and finally we lose gratitude and lose a lot of money.
because this is emotion and there is a kind of energy that encourages humans to be greedy.
greedy makes trading like gambling, and finally we lose gratitude and lose a lot of money.
These important determinant of trading success or failure should be constantly weigh in on our trade and investment every steps of the way. We should constantly ask ourselves if we are emotionally distracted by this negative emotions!
Too much volatility is the number one fact which can destroy ones trading. Besides Emotion, Trade against trend, Hope for daily profit. Everyday isn’t same. If you can make huge profit today or at least a minimum amount of profit then you must hope for next day same things happen. But if the market goes wrong or volatility comes then you can’t take care about your trade. Two trade or three trade lose can make you so emotional that even you probably can forget that you had already made profit. If you trade as ablind I mean if you trade against trend then sure first two or three trade you can win but if you try more then you must lose.
Greed and emotions are very big killers of your trading career. Not having a strategy and sticking to it can affect you very much. Another is reed as well, not been contented and following your own set rules can blow away anyone's account.
Traders can be very emotional people, but they need to restrain their emotions, control them. When you are a greedy man, it never helps you in a trading business.
greed is not new to us and all of us do have this trait but its up to you on how you handle your greed . too much is always bad , so it is always recomended to minimize your greed by controling your self or diverting your mind on to other meaningful things like helping others in a small way .
now if you feel that you are still greedy , then much better if you can learn other skill aside form trading . like for example you can also do investing ( i.e investing in crypto or other assets ) .
I cannot imagine a greedy person who is ready to confess that he is greedy. I am sure that the main factor that can destroy your trading is the wrong choice of the cryptocurrencies.
See market prices of crypto currency increasingly fluctuate I think there are a lot of traders who suffered losses, and In taking a decision, many traders are still affected by emotions. Fourth factor that's the meaning, of is a type of emotions:
- Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.
- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
- Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.
- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
I'm general traders should learn to avoid making emotional decisions.
All your strategies should be based on technical analysis and expected price movements.
Indeed, the 4 factors presented here are important but of course does not comprise all of the dangerous trading factors. Personally, one that's hard to battle with is the human emotion of 'greed'.
Yeah I admit that greedy is a very influential thing for the losses that you might get and that might give a big loss. like me right now. I'm too greedy to hold my bitcoins from the beginning of the year because I expect higher prices. and you know the results
I am sure that the person who always thinks he must hurry up to do this or that exchanges, is a potential loser. Be patient. Make the operation only after you think it over.
Greed and emotions are very big killers of your trading career. Not having a strategy and sticking to it can affect you very much. Another is reed as well, not been contented and following your own set rules can blow away anyone's account.
Traders can be very emotional people, but they need to restrain their emotions, control them. When you are a greedy man, it never helps you in a trading business.
Greed and emotions are very big killers of your trading career. Not having a strategy and sticking to it can affect you very much. Another is reed as well, not been contented and following your own set rules can blow away anyone's account.
Traders can be very emotional people, but they need to restrain their emotions, control them. When you are a greedy man, it never helps you in a trading business.
greed is not new to us and all of us do have this trait but its up to you on how you handle your greed . too much is always bad , so it is always recomended to minimize your greed by controling your self or diverting your mind on to other meaningful things like helping others in a small way .
now if you feel that you are still greedy , then much better if you can learn other skill aside form trading . like for example you can also do investing ( i.e investing in crypto or other assets ) .
Emotion is the hardest obstacle to overcome in trading, rather than sticking with the first plan we make. People tend to give in to emotions when they win or lose, because human nature makes it difficult to work logically when we achieve something, we want recognition and when we lose something. Traders never stop learning, and that's what makes them pro until now. If a trader cannot find time to learn then it would be better to stop the trading career.
Emotion will always be an obstacle but this is an obstacle that is very paramount to those who simply take trading as gambling. A lot of traders trade the market without strategy and as long as you do not have that, then, you are gambling. Ask some today and all they will tell you they know is buy low and sell high, then, have some patience in between. They keep forgetting with knowledge, they can actually do better than that, but as much as the information is out there, just very few people look for it. 
Greed and emotions are very big killers of your trading career. Not having a strategy and sticking to it can affect you very much. Another is reed as well, not been contented and following your own set rules can blow away anyone's account.
Traders can be very emotional people, but they need to restrain their emotions, control them. When you are a greedy man, it never helps you in a trading business.
Demand for power purchase and selling power as well as government decisions regarding bitcoin-related policies will impact the price that impacts the transaction.
The 4 things that destroyed my trade were when the price of coins in the market was decreasing, it was difficult to find profits in the trade market, when we trade, we often lose, if we trade, we have to use it in the long run, it is 4 that destroys my trade when trading.
Great post, and tons of helpful advice!
I found a discord group that is super helpful when it comes to learning how to day trade, and I've seen tremendous success with them.
Check it out! Voodoo Crypto
I found a discord group that is super helpful when it comes to learning how to day trade, and I've seen tremendous success with them.
Check it out! Voodoo Crypto
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