Don't be greedy at this time. - page 6.

Akiko

full member

Activity: 896

Merit: 198

Quote from: ?? on ??

Nowadays people are so greedy and want to rich without hardworking.Most of the newbies is hold when the price is so high and want to sell when price dumping because of panic and loss to control her self emotion. They want to earn first but they do not know that this forum is the best for earning and learning.

Who doesn't like to earn money easily every one want it but the risk is also follow if you want to earn money without doing anything .

Actually it's not about emotion, but a FOMO thats why they decided to buy it even at high price most of the new investors do that without asking for other opinion of veterans in this field.

Fesatmas

sr. member

Activity: 2268

Merit: 275

Quote from: Saniati on December 18, 2020, 10:48:01 PM

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.

I personally admit that I really feel it. In general, are there any restrictions on trading? Of course who does not want to make big profits, I am sure you will do the same.

but here is not how much greed, but how much can we overcome our own emotions when faced with a bullish situation?
to be honest I am not a person who is good at controlling it all, is this normal as a human? that human nature can never be satisfied?
This is quiet personal honesty. be it a beginner, or even an expert.
or maybe you have surefire tips to control everything? because for me you are a senior trader if you can say everything.

YOSHIE

legendary

Activity: 2128

Merit: 1775

You can't keep them from trading at this time, even though they know that currently a lot of coins have increased, if someone is buying & selling now they have their own considerations of loss & profit.

It's not one thing to say greedy for people to trade, consider, analyze, meticulous, risk & income has become a basic guideline in everyone trading in the crypto world, even though the price in one hour, minute, can go up & down.

Newbies are now smart & understand what is good and bad for themselves in the crypto world, especially in the field of trading and investment.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Major problem of being a newbie is being a greedy. I think majority of successful trader these days experienced of being greedy, I admit it. But we should take those losses or failures as lesson to become successful trader.
We all know how volatile cryptocurrency is, so being more greedy in this market is extremely difficult, you may get rekt at any moment.

taufik123

legendary

Activity: 2716

Merit: 1859

Rollbit.com | #1 Solana Casino

Quote from: ?? on ??

-snip- Greediness is a trait of emotions; and remember as a trader you must learn to keep your emotions aside while trading, investing in any crypto currency token. Do not let anything bother you about crypto currency too. Just pick up profits at your pace and grow..

Putting aside emotions is not as easy as when it comes to saying it. Emotional instability when trading without a good trading strategy and preparation.
This is also a problem for me, because humans are endowed with emotions. I started learning to train my emotions so as not to interfere with trading. and get rid of greed and have to be satisfied with the results obtained.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

This is what you call FOMO, if the price really reaches it's top but still many irrational buyers are still buying because they think it can still go further. For newbies, you will experienced this, I myself has been in the same predicament before, I FOMO and lost some. But still a good lesson for me, the best thing I've learn is to just take profit if you are already up by a good percentage based on your initial capital. No need to wait for the price to go even further as it might go down in a blink of an eye and then you will regret it.

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: Saniati on December 18, 2020, 10:48:01 PM

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.

It's really not good to buy altcoins that pump these past few days but not all of them did, I can say that there are still a lot worth to buy that didn't pump yet.
Being greedy is really hard to overcome especially if you see your gains, your mind keeps telling you to not sell yet until the coin you're holding is dumping.
Always set a target profit to secure your invested money on that crypto.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

A trader can buy at anytime the coin he wishes if provided that he has made appropriate analyses that signals buying time for profit. Taking for example that holding is completely different from trading entirely, traders are both concerned about pumping and dumping prices and making use of it to make gain. Traders should just be making sure they are well disciplined and not having greed at all because the market price can favour and while good trader can take advantage of the little gain by closing his trade, a new trading with low level of experience which do not have such experience can later lead to the market not to favour at a point in time again which can lead to selling at low price and losing certain amount of money.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: maydna on December 18, 2020, 11:46:49 PM

Greedy is one thing that we should avoid. If you think you are greedy, it is better to take your profit before you miss that chance, and you can't sell at the price you want or at the high price. But we can't deny that greedy will always come to us, especially if our target price is reached, but we don't place any order sell at that price.

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.

Maus0728

legendary

Activity: 1904

Merit: 1563

Quote from: so98nn on December 19, 2020, 03:16:39 AM

Yeah this sucks a lot. Its even worst when you have plenty of amount in your wallet and you just think that if the price moves up then we might loose more profits.

This is true especially if you are holding 100% of your bitcoin holdings way back 2017 which is a lot cheaper as compared to current price. Also, one thing that keeps holding me back is that I still don't have ample knowledge when it comes to reading charts. Well, perhaps I will just be focusing on learning T.A in order to not let go of this opportunity again, this rally makes me look like a helpless kid Roll Eyes

who can't take advantage of the market..

Anyhow, thank you for letting me know that this feeling actually exist LOL...

Quote from: so98nn on December 19, 2020, 03:16:39 AM

However, recently I have trained myself, no matter what if I have suitable profits then just close the trade and be happy. I sold my coins 18k USD and BTC kept surging upwards upto 22k USD being ath. But I already minded that I don't want more, so I'm not feeling bad at all.

Wait? Does it mean you are negative in profit? How many percentage of your total portfolio have you lost?

so98nn

hero member

Activity: 2114

Merit: 603

Quote from: Maus0728 on December 19, 2020, 02:25:47 AM

To be honest, this bitcoin rally bothers me a lot. I am newbie trader and I just recently started studying about the basic concept of trading and was planning to short the upcoming dowtrend if there is any. This led me to become confused whether if I should sell based on the other traders speculative price or just leave the market temporarily and start learning a more in depth T.A.

This is driving me nuts!

Yeah this sucks a lot. Its even worst when you have plenty of amount in your wallet and you just think that if the price moves up then we might loose more profits. This is nerve wrecking sometimes and everybody is like, I should hold but no wait what if coin devalues immediately, then I think I should sell right away.

That feeling I can understand man, it's heavy burden on brain and literally is stop thinking.

However, recently I have trained myself, no matter what if I have suitable profits then just close the trade and be happy. I sold my coins 18k USD and BTC kept surging upwards upto 22k USD being ath. But I already minded that I don't want more, so I'm not feeling bad at all.

It's always better to have something than loose everything at once.

Maus0728

legendary

Activity: 1904

Merit: 1563

To be honest, this bitcoin rally bothers me a lot. I am newbie trader and I just recently started studying about the basic concept of trading and was planning to short the upcoming dowtrend if there is any. This led me to become confused whether if I should sell based on the other traders speculative price or just leave the market temporarily and start learning a more in depth T.A.

This is driving me nuts!

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Well, others could actually take advantage of the greedy period right now to profit. Doesn't really make them bad or anything for taking advantage of it, alls fair in trading imo. Additionally, there would always be one or two people out there out of a few hundred that would be blinded by greed, not that I could blame them, I honestly expected the price to stop at $20k, then it went all out and stopped at what, 22, 23k? You'd honestly expect some people to join late out of FOMO after all.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

I've learned my mistake too when I was greedy but you're likely to take profit at low price and there can be another batch of pump soon. A planned time and schedule for selling is the solution if you just can't get your hands getting out of holding. It's normal to see people keep holding and waiting for another ATH but you save yourself from that and sell some and let the remaining being on your holding strategy. You sell at lower price and think of it as profit that you'll never regret and go back in the future. While being greedy means that you're wanting to see more of it but it looks bad in the eyes of others if you don't take your profits during the all time high.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Greedy is one thing that we should avoid. If you think you are greedy, it is better to take your profit before you miss that chance, and you can't sell at the price you want or at the high price. But we can't deny that greedy will always come to us, especially if our target price is reached, but we don't place any order sell at that price. And we will not place anything except watching the price moves up and down. If you do that, your target price will not fill, and you will wait for a long time before you can sell it at the price you want.

cryptoaddictchie

legendary

Activity: 2268

Merit: 1379

Fully Regulated Crypto Casino

It's inevitable temptation sometime if the guys seeing a huge potential gains. But you are right an overhyped coins can make you rekt especially someone is waiting for that pump and will dump on you soon. Early buyers are gonna take their chance to profit on new buyers and that's how the market works. Unless the project you are gonna do a fomo is really a big one that has major use case. Also tokenomics also should be consider as traders rely on the market cap and volume of the coins seeing its potential room for growth.

Saniati

jr. member

Activity: 410

Merit: 1

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.

Topic: Don't be greedy at this time. - page 6. (Read 1694 times)