People nowadays were fascinated to earn much from their investments, without knowing the risk behind. Being too desperate will probably put your savings at danger zone, because if not managed so well and you applied short term trading with the wrong actions it won't sustain for long time.
You have another options like long term holdings, but patience is the key in order to reach it successfully.
If you can't control your emotions on that situation, I guess trading is not good for you.
Topic: Don't be too desperate to make earning - page 6. (Read 1434 times)
Lots of traders regret selling their coins, including me. Maybe my habit of trading with the short term .. it's true that you say that trading with the long term is more profitable than the short term. This is seen after being sold as a coin to go up.
Or just holding is profitable in the long run than you to trade with what you've got. You can make mistakes as you trade while when you hold, you're not going to see that mistake unless you sell early. Usually, that's really happening after when we sell, the price shoots and that's why if you're already decided to sell, don't be regretful that you've sold already because that's part of your plan and decision and just be happy with the gains that you make as you sell whether you're a holder or a trader. 
Short time trading do pay off, I feel it’s all about your level of skills. People shouldn’t do what they can’t do. If you are not good at something it’s best to leave it and go for something else or take a different approach to it,if not you will be ending up with too many losses. There is short term trading and there is long term trading.
So anyone can be a day trader, if it’s working for you and you clearly understand what to do and the right skills to apply, then you can follow that route. And if what you’re good at is long term investment or if that’s what works for you then you can go ahead with it. But that doesn’t mean there wouldn’t be any risks, no matter how good you are in any type of trading, the risk will still be there and you can lose money at times. Now that’s when you will have to apply risk management strategies to help curtail the losses.
So anyone can be a day trader, if it’s working for you and you clearly understand what to do and the right skills to apply, then you can follow that route. And if what you’re good at is long term investment or if that’s what works for you then you can go ahead with it. But that doesn’t mean there wouldn’t be any risks, no matter how good you are in any type of trading, the risk will still be there and you can lose money at times. Now that’s when you will have to apply risk management strategies to help curtail the losses.
Trading cryptocurrency aren't for kid's , it's for people with matured mind. Going into cryptocurrency trading , one have to build up is mindset to be patient to trade for a long time. One of the problem that affects traders during trading is that they think so fast to make profits . Trading cryptocurrency for a very short time always is not the best as a trader . Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come.
I honestly realized that when you are not working way too hard to earn money, that is when the real money starts coming in. How is that possible? Of course not by just sitting around doing nothing, but only when you do something you really like doing, instead of working hard for money.There are "jobs" and there are "careers" in this world, realize what you want your career to be and you will be a lot more lucky then just a job, and if you do what you love the most for 30+ years eventually there will be a lot of moments when you will not enjoy it, but overall it will feel a lot a better.
I am a person who always liked writing, I studied literature in college in my nation and now thanks to that, I write for a living and I am quite happy about it. Of course I would love to learn more and get better but I used to work in different odd jobs when I was a student and they all sucked and were terrible compared to my amazing job now.
What about "Money dont smell" ? I know there is always a line of what people are ready to do for money and what they dont. But if I will be in a situation, when I'm in desperate need of money, I would use all methods I can do and even I'm inexperienced in. It will take time, but I will learn and get out.
I agree with this mentality, "Don't be too desperate to make earning"
This is the most comfortable and ideal money-making mentality. We are always on the way to learn.
In fact, only if you have the desire to make money can you generate wealth (except for art to create other value and influence). Simple operation in the trading market is the best state, and it depends on the plan we make.
This is the most comfortable and ideal money-making mentality. We are always on the way to learn.
In fact, only if you have the desire to make money can you generate wealth (except for art to create other value and influence). Simple operation in the trading market is the best state, and it depends on the plan we make.
Short or long term trading is good as long it be done with right person. I don't want to say that this is bad or good because out there, a lot of people can be success from scalping and a lot of people success in investing. Both way will be good if we know anything that we need to know before do trading.
Desperate and hasty decisions in life are very dangerous and can be detrimental, Desperation in trading is even more dangerous, and newbies in trading should recognise that decisions made desperately in trading often lead to mistakes that can make you loose your entire portfolio and cause the new trader to be depressed and not want to continue in trading.
Do not make hasty or desperate decisions when trading, always try to be calculative and analytical, the process of making money requires a lot of patience and learning and new traders should be made to understand this.
Calmness and patience are needed in the world of trading. Many people are impatient with making money, and they end up regretting it. In fact, many people always repeat the same mistakes in trading because they are controlled by greed Do not make hasty or desperate decisions when trading, always try to be calculative and analytical, the process of making money requires a lot of patience and learning and new traders should be made to understand this.
Many people enter the BTC market with the intention of making a lot of money, and in some cases they want to multiply their money in a short time, because they believe that trading gives money that fast, that's where things start to look bad, and that is where most operators begin to fail.
For many newbies they only follow signals with the intention of multiplying their money very quickly, but it is the worst of businesses, because most lose all their money. To generate money in trading or with BTC, it must be taken into account that safe profits are long-term, and that not everything goes into a single operation, that is why I see trading as a business, where in each operation like this small profits are obtained, but they are profits.
Desperate and hasty decisions in life are very dangerous and can be detrimental, Desperation in trading is even more dangerous, and newbies in trading should recognise that decisions made desperately in trading often lead to mistakes that can make you loose your entire portfolio and cause the new trader to be depressed and not want to continue in trading.
Do not make hasty or desperate decisions when trading, always try to be calculative and analytical, the process of making money requires a lot of patience and learning and new traders should be made to understand this.
Calmness and patience are needed in the world of trading. Many people are impatient with making money, and they end up regretting it. In fact, many people always repeat the same mistakes in trading because they are controlled by greed Do not make hasty or desperate decisions when trading, always try to be calculative and analytical, the process of making money requires a lot of patience and learning and new traders should be made to understand this.
Many people enter the BTC market with the intention of making a lot of money, and in some cases they want to multiply their money in a short time, because they believe that trading gives money that fast, that's where things start to look bad, and that is where most operators begin to fail.
For many newbies they only follow signals with the intention of multiplying their money very quickly, but it is the worst of businesses, because most lose all their money. To generate money in trading or with BTC, it must be taken into account that safe profits are long-term, and that not everything goes into a single operation, that is why I see trading as a business, where in each operation like this small profits are obtained, but they are profits.
Desperate and hasty decisions in life are very dangerous and can be detrimental, Desperation in trading is even more dangerous, and newbies in trading should recognise that decisions made desperately in trading often lead to mistakes that can make you loose your entire portfolio and cause the new trader to be depressed and not want to continue in trading.
Do not make hasty or desperate decisions when trading, always try to be calculative and analytical, the process of making money requires a lot of patience and learning and new traders should be made to understand this.
Calmness and patience are needed in the world of trading. Many people are impatient with making money, and they end up regretting it. In fact, many people always repeat the same mistakes in trading because they are controlled by greed Do not make hasty or desperate decisions when trading, always try to be calculative and analytical, the process of making money requires a lot of patience and learning and new traders should be made to understand this.
Desperate and hasty decisions in life are very dangerous and can be detrimental, Desperation in trading is even more dangerous, and newbies in trading should recognise that decisions made desperately in trading often lead to mistakes that can make you loose your entire portfolio and cause the new trader to be depressed and not want to continue in trading.
Do not make hasty or desperate decisions when trading, always try to be calculative and analytical, the process of making money requires a lot of patience and learning and new traders should be made to understand this.
Do not make hasty or desperate decisions when trading, always try to be calculative and analytical, the process of making money requires a lot of patience and learning and new traders should be made to understand this.
Confidence is very important and key element in trading with having patience because patience is the necessary element of trading and also i can say that making money takes time, we don't make money everyone in trading, sometimes we will suffer from a loss too.
Trading cryptocurrency aren't for kid's , it's for people with matured mind. Going into cryptocurrency trading , one have to build up is mindset to be patient to trade for a long time. One of the problem that affects traders during trading is that they think so fast to make profits . Trading cryptocurrency for a very short time always is not the best as a trader . Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come.
So, do not be too hasty to make profits , short time trading don't pay much
newbies doesn't know the importance when it comes doing trading and they just riding the greediness of some people who are lack of knowledge as well and prefer to ignore the basic tips from experts in order for them to avoid doing mistakes, reasons they always fell to failure.. This is a very common issue actually and until now no one cares about such results because of being hasty but afterwards they're still blaming others.. LolSo, do not be too hasty to make profits , short time trading don't pay much
Trading cryptocurrency aren't for kid's , it's for people with matured mind. Going into cryptocurrency trading , one have to build up is mindset to be patient to trade for a long time. One of the problem that affects traders during trading is that they think so fast to make profits . Trading cryptocurrency for a very short time always is not the best as a trader . Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come.
So, do not be too hasty to make profits , short time trading don't pay much
newbies doesn't know the importance when it comes doing trading and they just riding the greediness of some people who are lack of knowledge as well and prefer to ignore the basic tips from experts in order for them to avoid doing mistakes, reasons they always fell to failure.. This is a very common issue actually and until now no one cares about such results because of being hasty but afterwards they're still blaming others.. Lol So, do not be too hasty to make profits , short time trading don't pay much
I cannot agree with you.
Of course, stress resistance is necessary, but in what cases?
After all, all stress resistance is based on how much you are attached to your money.
If, for example, you take a teenager and give him an unlimited deposit, then he will not worry about losses.
This means that your attitude to the deposit is important and not a specific age.
Of course, stress resistance is necessary, but in what cases?
After all, all stress resistance is based on how much you are attached to your money.
If, for example, you take a teenager and give him an unlimited deposit, then he will not worry about losses.
This means that your attitude to the deposit is important and not a specific age.
There are traders that are good in short time trades, the futures trading which is the popular way of trading in short term because it's more rewarding.
But it isn't really for the kids and those that are new to trading, the risk is very high on that classification and OP is right. It's not for those who are desperate to make money.
But it isn't really for the kids and those that are new to trading, the risk is very high on that classification and OP is right. It's not for those who are desperate to make money.
Deep thoughts! Never believe your angry mind or greedy mind it can cause big loss and this has been proven many times. People keep sharing there stories about loosing the mind while crypto trading and this forum is big enough to find such stories. I think even new person should not start trading right away before they read through experience like the one in this OP.
It’s always better to crunch the numbers before entering this volatile market. The thread replies is enough to understand the whole point here.
Yes, the emotions while trading is number one reason for losing money, unfortunately there are too many people who end up doing that, we should be focusing more about the fact that numbers already doing the talking without we needing to find something, all those emotions do not give you anything in return, it is not a beneficial thing and you will end up not profiting from trading with anger or happiness or whatever emotion you are feeling, most importantly fear.It’s always better to crunch the numbers before entering this volatile market. The thread replies is enough to understand the whole point here.
This is why I think that it is going to be quite difficult for many people, not everyone is destined to become a trader, there are many people with mental problems even if it is not hugely problematic, it is still there and it blocks it.
I for one am a person who have anxiety attacks time to time, this is why I work at home and became a freelancer, that means if I become a trader I am not going to really leave emotions out the door, that is why I became a long term investor.
Yes, because greed doesn't give you much money, in-fact the money you have would be of no use when you have greed. So, the most important thing is that money comes with the time, earning should be there but it takes some time.
Deep thoughts! Never believe your angry mind or greedy mind it can cause big loss and this has been proven many times. People keep sharing there stories about loosing the mind while crypto trading and this forum is big enough to find such stories. I think even new person should not start trading right away before they read through experience like the one in this OP.
It’s always better to crunch the numbers before entering this volatile market. The thread replies is enough to understand the whole point here.
It’s always better to crunch the numbers before entering this volatile market. The thread replies is enough to understand the whole point here.
No doubts that with both emotions things won't workout well with your trading/investment, clear mindset provide enough patience and good assessments to expect how the market will help to pick the right place to favor your side. Keep in mind that if you keep the positiveness upon you stress won't triggered anything to hurt your investment.
It is very easy to get side tracked and greedy and rushed so you don't miss out on something but sometimes taking the time for some dd is worth it.
Despair is the worst thing that can happen to you, remember that when you are feeling that, you will end up with nothing but bad results because desperate measures leads to results that were created due to hasty decisions. Greed can cause desperation so be self aware and be self accepting when falws in you presents themselves.
Desperation is neither been caused by greed or trying to recover on what you had lost because this would just likely in result on losing your money even more because you cant really think off clearly or properlyand since you are on this state where you do focus on how to make more profits or on how to recover losses then you would lost track on things that you should do like following your analysis and more.D
Dont rush up because this would really result into carelessness and you would really be lost on track.
Jump to: