Topic: Don't be greedy at this time. - page 5. (Read 1670 times)
My previous mistakes and losses in trading were because of my greediness so I have learned how to avoid it. I focused on coins that only pump without even knowing their potential. I have been trapped for a lot of times until I realized that expecting too much from pumping coins isn't a good strategy. Trading is really a long process of learning and sometimes, the best teacher that we could have are the experiences that we had.
Bitcoin price has gone up to $ 24k, I'm sure many people are not satisfied with this increase,
because the 3 year wait only got a $ 4000 increase at this new all time high, but if you become a greedy person,
then you could be trapped again, and following the bear season, so remember you have to be careful in making decisions
because the 3 year wait only got a $ 4000 increase at this new all time high, but if you become a greedy person,
then you could be trapped again, and following the bear season, so remember you have to be careful in making decisions
I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
You may have a big point on your statement anyway dude, but sometimes if the person is greedy, He/She will always be greedy.
And real talk, sometimes also even the person is not greedy if the hype of the scammer is too good the individuals will get easily attract on those sweet words coming from the people who has a bad intention to everyone.
I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
It is true that only newbies can do this type of mistake .They come to the market and when see the trend to the up they buy and make a huge amount of losses .So i always suggest to the new trader don't be panicked you can afford to loose your money .Keep patient and do research it will helps you to make profit on crypto . When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
Being greedy is not a good indication. One should conduct wisely without prevailing greedy. Although everyone is supplementary or insufficient greedy, we have to operate thoughtfully. If you expect to bring about too much profit, you have to encounter penalties in many prosecutions. So we should learn a lot from this platform.
You don't need to know what fundamental analysis is to be able to resist greed. To do this, you need to know what greed is.
On the example of trading, we can say that greed is the moment when you got what you were going to but understand that you want more and you take the risk of forgetting about your original plans.
Haha right. it's about how you set targets and how many goals you will achieve. but in reality when things are good and you start to forget your main goal, that's where greed will control you, and in the end if you can't control it you will end up losing. On the example of trading, we can say that greed is the moment when you got what you were going to but understand that you want more and you take the risk of forgetting about your original plans.
I am being skeptical about some things in the space. The advent of institutions buying into bitcoin is a good development but that will not prevent bear market when the time comes. So the narrative for the bull market is just is being built, the cycle remains the same let's just be smart with it
Don't be skeptical mate, above all traders are greedy for some reasons best known to them, institutional investors currently buying Bitcoin might be seen bullish but the outcome still remains the same when they decide to pull funds out (profit taking). So, at this junction traders will definitely be bitten, though at this time it won't take long as we have seen in the pats (time taking for Bitcoin market to get recovery) IMO. OP said something good, i was one of those that love taking profit with a margin but was bitten in the past, but currently my profit taking doesn't exceed the 5% - 8%. 
~snip~
If you are disciplined enough to know that greed will get you nowhere then you can be sure that you will be safe from possible let downs. One thing that I do believe a trader should possess is being content, content with what profits that he/she reaped and not minding the continuous price climb because he/she knows that the profit was enough. Market will not always be high, there will be lows and no one knows when is the low happening so you better get that profits before the low times come and you will waste another year waiting for another high.Feeling satisfied is something that sometimes, we forgot because we want more and more without thinking that it is enough for us. We should know when we should have enough with what we got, and as you say, the market will be down, and if we can feel satisfied with the result before, we will stop for a while and wait for the next things that can happen to the market. There will be another moment for us to enter the market at the right time, and we will have another chance to buy low and sell high. It is better to feel enough than to chase something that we don't know if we can get or not.
That wouldn't be easy as a newbie, as a beginner.
Seeing such price, you would be greedy sometimes and that can't be helped unless you already know what you are doing and especially if you are already experienced when it comes to the movement of the market. Expect the unexpected and have these countermeasures about it. You can't evade losses but you can lessen the those.
Seeing such price, you would be greedy sometimes and that can't be helped unless you already know what you are doing and especially if you are already experienced when it comes to the movement of the market. Expect the unexpected and have these countermeasures about it. You can't evade losses but you can lessen the those.
I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
Even old or veteran ones do still commit the same mistakes when it comes to these kind of FOMO situations where people do believe that the price would go even more.When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
When you would make up some decisions? You cant just wait for the price to dip before making any decision because if you do let yourself get behind with the market
then you would really be missing out on positioning yourself into those numbers when it tends to go up even more.Nothing can really be predicted thats
why people do tend to make risk on buying even lets say that we are on the peak.We wont know if tomorrow we will be seeing 30k price point which means that is already
a profit for you.
That's right, don't let greed make you make mistakes when trading. We've all been newbies and made mistakes, that's a very natural
thing to happen. The most important thing is we don't repeat the same mistakes, because to become successful traders can always
learn from their mistakes. We must always improve our trading skills, one of them is by controlling our emotions when trading. So it can
prevent you from buying coins when the price is high.
thing to happen. The most important thing is we don't repeat the same mistakes, because to become successful traders can always
learn from their mistakes. We must always improve our trading skills, one of them is by controlling our emotions when trading. So it can
prevent you from buying coins when the price is high.
what comes to the mind of a newbie is just profit and not thinking about the risks...
FOMO is a common condition that occurs for a newbie who wants to feel fast profit, They don't realize that it can be dangerous to buy in a time of hype. I hope they learn from the experience of veteran traders.
For example, when the market is bullish right now. A lot of FOMO happened and ended up buying at a specified price. Because greed wants to get more profit and ends up stuck at the highest price. Just imagine being stuck on Bitcoin for $24k. If bitcoin price continues and reaches new ATH again it might be profitable, but I believe they will be faced with an unstable psychology and will panic when the price starts to fall. FOMO is a common condition that occurs for a newbie who wants to feel fast profit, They don't realize that it can be dangerous to buy in a time of hype. I hope they learn from the experience of veteran traders.
Greediness is the reason why many people come into trading fails. This emotion is hard to control and if you got caught in this, you will be expecting to have a worse end.
I know that we all wanted to make money, make a profit in a short time, and so we come into trading but somehow, we are in a clueless market direction that could possibly give us losses instead of gain due to our self-control.
I know that we all wanted to make money, make a profit in a short time, and so we come into trading but somehow, we are in a clueless market direction that could possibly give us losses instead of gain due to our self-control.
I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
At a time like this when bitcoin reaches its highest price, the best option is to buy altcoins, because the opportunity to get a profit is higher than buying bitcoin at the peak of the price. However, who knows that it's the peak and it won't climb higher? I thought the ath was $22k but it turned out to reach $23k then $24k as the new ath, it even not the end of the year, and what will happen in 2021 as most of the market may reach a higher point.
I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
what comes to the mind of a newbie is just profit and not thinking about the risks...When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
FOMO is a common condition that occurs for a newbie who wants to feel fast profit, They don't realize that it can be dangerous to buy in a time of hype. I hope they learn from the experience of veteran traders.
The biggest problem of a trader is not being able to control emotions.
greed is a part of it and very hard to control. this is what causes huge losses and mentally damaging in trading.
Well, your greed can be useful sometimes so you can higher. But yea, it is just like everything else where anything that really over your needs are really bad of your decision making and could suffer you to more losses than you can afford. I would prefer to trade Bitcoin at this point at the steady pace rather than just taking this hype too seriously. greed is a part of it and very hard to control. this is what causes huge losses and mentally damaging in trading.
I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
Sometimes being greedy can make you some profits as well like if you see a small green bump so you wanted to buy Bitcoin even in next few hours there will be continuous green candle in the chart. I won't say this as proper trading strategy still it may work sometimes depends on how lucky you are.When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
Once you want to become a trader it is important to learn fundamental analysis as well as basic technical analysis which is the only thing going to be involved in you own analysis.
The biggest problem of a trader is not being able to control emotions.
greed is a part of it and very hard to control. this is what causes huge losses and mentally damaging in trading.
greed is a part of it and very hard to control. this is what causes huge losses and mentally damaging in trading.
Greedy is actually the problem not only for newbies but also for all traders. Whoever is greedy may lead to losing many things. This is like a basic condition that will happen in the trading discussion. however, how if someone can manage the greediness and also the emotion?
I also never heard about it. The answer is that if we still can manage or control the greediness it means that we are not really greedy. It means that it is so easy to be said that we are greedy enough, not satisfied about all, and also going to earn more and more money again.
I also never heard about it. The answer is that if we still can manage or control the greediness it means that we are not really greedy. It means that it is so easy to be said that we are greedy enough, not satisfied about all, and also going to earn more and more money again.
I agree that people should be careful but I also think that if we just let it be, it can never grow even bigger neither.
What we as people here want us obvious but unrealistic, we want super rich wealthy people and corporations to keep buying bitcoin in billions every single day to increase the price, and small investors like me and others should be getting out or getting in whenever we want without losing money because those big corporations keeps buying and increasing the price, that way we are not at risk as small investors and they are making big returns as big corporations and everyone wins. That would be a great thing, we all wish that, however reality of markets are not like that, things change daily and anything could happen at any moment, which is why we should do everything in our power to keep increasing the price while also making sure a crash wouldn't kill all our efforts.
What we as people here want us obvious but unrealistic, we want super rich wealthy people and corporations to keep buying bitcoin in billions every single day to increase the price, and small investors like me and others should be getting out or getting in whenever we want without losing money because those big corporations keeps buying and increasing the price, that way we are not at risk as small investors and they are making big returns as big corporations and everyone wins. That would be a great thing, we all wish that, however reality of markets are not like that, things change daily and anything could happen at any moment, which is why we should do everything in our power to keep increasing the price while also making sure a crash wouldn't kill all our efforts.
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