Topic: 4 factors that could destroy your Trading - page 9. (Read 1235 times)
the most common is the factor of greed that is directly proportional to the need for an important witdhraw in which we can brutally target a certain profit with a less accurate analysis because based on mounting emotions. Personal management needs to be applied, but there needs to be a step to join the community to support our minds to stay on the right track.
Although this 4 factors emotion will help you out and control your emotion to avoid some of loses and mistake during your trading career path, but still it well depend upon to those person,if avoided or not ,cause we know that this four concept are incident to used of those person will not aware of this four factor concept or lack of knowledge about of them, until will not experienced and at the same time..
1. Greed
Almost all traders are familiar with this type of emotion, namely the desire to gain profit as much as possible in a very short time. The greedy nature arises from excessive
confidence. Usually occurs after the trader gets the profit in a row.
2. Fear
The fear of market entry usually occurs after the trader loses consecutively. Within reasonable limits the fear has a positive impact in trading. Fear is basically a natural
response in order for us to survive in the marketplace.
3. Hope
Excessive or unrealistic expectations in trading can be dangerous. Hope for always profit often deviates trader from agreed trading plan. If the trader turns into a profit,
with the habit of expecting an excess he will tend to be greedy (greed).
4. Regret
Continual regret will crush the trading slowly. Retribution usually arises after the trader loses multiple entry times, incorrect entry or after suffering substantial losses.
Almost all traders are familiar with this type of emotion, namely the desire to gain profit as much as possible in a very short time. The greedy nature arises from excessive
confidence. Usually occurs after the trader gets the profit in a row.
2. Fear
The fear of market entry usually occurs after the trader loses consecutively. Within reasonable limits the fear has a positive impact in trading. Fear is basically a natural
response in order for us to survive in the marketplace.
3. Hope
Excessive or unrealistic expectations in trading can be dangerous. Hope for always profit often deviates trader from agreed trading plan. If the trader turns into a profit,
with the habit of expecting an excess he will tend to be greedy (greed).
4. Regret
Continual regret will crush the trading slowly. Retribution usually arises after the trader loses multiple entry times, incorrect entry or after suffering substantial losses.
In my opinion patience factor is most needed in all types of business. If you do not have the patience, you will probably make a hasty decision in the long run.
Yes, since acouple years i learned about trading i still can not control my emotions, greedy and hope the price will continue bull run is always my mistake. I try to eliminate this emotions but i dont why is hard to do it. But i believe by always try to control it, i will make it later. Learn from the previous mistake can be help to avoid big loss in trading.
You just need to keep it is simple as much as you can but it is possible if you have invested small amount into trading or the amount affordable for you to lose.And not all the people can be successful in trading because the profit of one trader is the loss from another trader so you need to do right things at the right time to make money.You need to improve your decision making skills and be stick with your decision what you have made.Just an easy solution to be successful buy low and sell high if the price keep falling just keep on holding.
Yes, since acouple years i learned about trading i still can not control my emotions, greedy and hope the price will continue bull run is always my mistake. I try to eliminate this emotions but i dont why is hard to do it. But i believe by always try to control it, i will make it later. Learn from the previous mistake can be help to avoid big loss in trading.
In making decisions, many traders are still affected by emotions. The four factors referred to in the title of this article are the types of emotions in form (greed) (fear) (hope) and (regret). If you are not able to control all four types of emotions, then they will control your mind. And if it happens constantly when you trade then sooner or later your trading account will be destroyed.
If you are gambler for example. If you are trading not basing on knowledge, but basin on emotions and feelings by your own.
I would add the impatience and leak of knowledge, if you dont know how the thing are operating on a market there is high chance to loose money so.
I think patience is the key to trading encrypted money, and if you have enough patience, you won't lose.
Greed is the source of all evil, and trading passwords can be an easy thing to do if the transaction is not greedy.
Greed is the source of all evil, and trading passwords can be an easy thing to do if the transaction is not greedy.
Patience is the key for all activities, trading is just one of them. Greediness will destroy you in all activities. You can relate that with
trading.
What creator of this thread described are human characteristic`s. We all have merits and demerits, proportion will make us good in
some activities or not, depending how we use them and how much they control us and our emotion`s.
Key factor`s for good trader, or a good personality, are patience, calm mind, thinking before making decision`s with cool head. When
we rush into trade`s or investment`s just for sake of a good profit and we base our prediction`s on emotion`s we will lose all the money we
have very fast.
Do not start from day trading. Try mid-term and long-term trade`s first. Learn how to check project`s and new`s. Consult with other`s,
check Telegram group`s, be active social network`s for more information`s and following the trend`s. There are many thing`s you need to do
before you make a trade, spend time on that.
I think patience is the key to trading encrypted money, and if you have enough patience, you won't lose.
Greed is the source of all evil, and trading passwords can be an easy thing to do if the transaction is not greedy.
Greed is the source of all evil, and trading passwords can be an easy thing to do if the transaction is not greedy.
Good advices, but I still want to add about the need to be persistent and energetic, several times was that I postponed the purchase of a promising coin for later, although I was confident in its future growth. And then I regret that I did not buy it.
Maybe there are an additional factors such as complain
Only in thecryptocurrency, the people will complain when price rise up, down or even flat though.
Only in thecryptocurrency, the people will complain when price rise up, down or even flat though.
Holding in the transaction will eliminate all adverse factors such as greed, fear, hope, wait. Because if you become a holder, you will keep them for a long time depending on how long you decide to hold them. Holding does not have to worry about the bad things going on and the events will take place.
Exactly!!! Those emotions of a trader will bring too much losses! If you know to your self that you own those attitudes, then don't ever try trading job. If you want to be trader,get your self ready with fudds and fomo's around,ignore them. Only trader knows!
A weak heart should be avoiding trading at all cost because in crypto currency the market tumbles very badly and it can cause you a panic attack if you are not used to it or cannot see those downfall frequently. It is not a easy to do trading especially in bitcoin.
I agree about that. if all of that things happen, traders will lose their money in the market consistently. If traders will be a winner for long time in trading, they have to evaluate and remove the bad habit and wrong concept in their brain.
even when u can control ur emotion u still need to learn about market condition
learning about when the right time to buy
but yeah i agree with u
emotion + market condition is somthing u need to know or control
and im sure u can get 2 of them from experience
learning about when the right time to buy
but yeah i agree with u
emotion + market condition is somthing u need to know or control
and im sure u can get 2 of them from experience
Fear is most important part here as most of the people are victimized by fear which leads to FUD and FOMO. Many people tend to loose a big amount of money because of fear. An easy way to dismiss this fear is to invest and forget about it until a particular time. No anxiousness will lead to no fear.
Adding to your list, "Lack of knowledge" about crypto is another thing which people should thrive to attain. The more knowledge you have about crypto the better analysis you will be able to make and the better selection of coin you will achieve. This will also boost up your portfolio.
I would say Lack of knowledge and Experience would be the main thing on where It can really destroy trading.When you don't have this knowledge you will got easily Afraid or Fear on market conditions or situations you face. Once you do have the knowledge you wont easily got disturbed because you do know on what you do on such scenarios as long you do know on what you are doing theres nothing to be afraid of because once you got fear you will really make bad decisions. Adding to your list, "Lack of knowledge" about crypto is another thing which people should thrive to attain. The more knowledge you have about crypto the better analysis you will be able to make and the better selection of coin you will achieve. This will also boost up your portfolio.
I think the 4 factors that destroy the trade are:
1. not diligent
This is one factor that traders often experience
2. not focus
in the trade you should focus on the market so as not to miss the market
3. a little knowledge
if you lack understanding in terms of trading it is very risky
4. failed
this is a major factor that is often experienced by many people, after failing to leave the trade, it is the experience and the beginning of success.
I hope this helps
1. not diligent
This is one factor that traders often experience
2. not focus
in the trade you should focus on the market so as not to miss the market
3. a little knowledge
if you lack understanding in terms of trading it is very risky
4. failed
this is a major factor that is often experienced by many people, after failing to leave the trade, it is the experience and the beginning of success.
I hope this helps
Exactly!!! Those emotions of a trader will bring too much losses! If you know to your self that you own those attitudes, then don't ever try trading job. If you want to be trader,get your self ready with fudds and fomo's around,ignore them. Only trader knows!
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