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Topic: Greed is bringing loss for traders - page 16. (Read 16082 times)

jr. member
Activity: 247
Merit: 1
April 20, 2019, 05:48:16 AM
Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??


I don't see it as been greed,  this is normal with every human but nonetheless it has made traders that would have made quite a good profit from trading to have little or nothing at the end of the day
member
Activity: 406
Merit: 10
April 20, 2019, 05:44:26 AM
Yes thats definitely true. Being greedy in cryptocurrency world usually end up bad. Most them loss a lot at the end. For traders, you should set your goal or your target and you should be firm in following them. When you reach your target, its time to stop bo matter what because if you decided to go on, its already a sign of greediness.
jr. member
Activity: 420
Merit: 1
April 20, 2019, 05:39:24 AM
Greed is one factor that has cost many their portfolio, i think it is high time for investors to learn how to cash out even at the least profit.
Experienced investors and traders who adhere to a strict strategy of risk management and money management- have no problems with greed.
The syndrome of lost profits and greed are peculiar to beginners who do not have a clear strategy and do not know what to do when the situation gets out of control.
member
Activity: 300
Merit: 11
FRX: Ferocious Alpha
April 20, 2019, 01:16:40 AM
Greed is one factor that has cost many their portfolio, i think it is high time for investors to learn how to cash out even at the least profit.
legendary
Activity: 1372
Merit: 1008
April 20, 2019, 01:03:53 AM
Greed is natural in human being no matter how highly group of human being you are because it involves money. Just like gambling, the more you want cover your looses the more you loose at the end.
I think this needs to be taken a bit light now. No more psychological pressure. You are very well versed with the risk in the cryptocurrency business and that it is uncertain to make money here all the time which means that you should have another means of making money as well. This is important. If you have other means, you would be secure and only them you would be able to hold for long despite the risk which always pays off.
I admit that, because I also often experience it, everyone has that nature, we have a goal to be rich, and greed will certainly come because of that, but if you use greed to make choices then the results will never be maximum or even bringing loss
member
Activity: 630
Merit: 20
April 20, 2019, 12:48:38 AM
So many times that I've been lose because of my greed. I hate myself everytime that instead of winning and yet I am losing. We must learned our mistakes that it will not bring any success if we instill greed in every trades or in whatever field we are doing. Setting it aside is the good thing to do.
sr. member
Activity: 327
Merit: 250
April 20, 2019, 12:24:17 AM
It is one of the leading cause for them to rage quit because they often lose a lot of money because of being greedy to earn a lot of money and the opposite thing happen. They should control the greed out from their body and master controlling their emotion in order to have a smooth trading journey towards success.
jr. member
Activity: 667
Merit: 1
April 19, 2019, 11:59:30 PM
this is natural because human wants is simply insatiable. we always want more everyone and there is nothing bad about this but there are many ways to go about this and avoid losing your capital and its to remove your capital with little profit and allow the rest to grow if it eventually moons but if not you wont feel hurt because your capital is intact with little profit.
legendary
Activity: 3150
Merit: 1148
Fully Regulated Crypto Casino
April 19, 2019, 11:22:11 PM
I think it's not greed but your mistake in doing a trading strategy. If you trade every day, you must continue to monitor the price of the coins you have bought. So when the price seems to be going down, you can sell it. But if you are stuck in a loss. Better to remain patient and do not sell coins because the price of coins will definitely rise again.
Greed is a big problem and it's within your emotion.
When making a strategy, it's just all written plan, you cannot do it effectively if you are greedy, therefore a person who
are not good in controlling his emotion will most likely fail in the long run.
Trading does not give instant money, it 's a long term process to be consistent.
sr. member
Activity: 728
Merit: 250
April 19, 2019, 11:02:38 PM
I think it's not greed but your mistake in doing a trading strategy. If you trade every day, you must continue to monitor the price of the coins you have bought. So when the price seems to be going down, you can sell it. But if you are stuck in a loss. Better to remain patient and do not sell coins because the price of coins will definitely rise again.
jr. member
Activity: 378
Merit: 1
April 19, 2019, 10:59:04 PM
this is common for traders and investors, most of them ambitious to get more benefits but sometimes not in accordance with the desired target even more often that risk. I am not a trader but usually a trader can understand what they have to do and greed can result in losses.
legendary
Activity: 1470
Merit: 1021
April 19, 2019, 10:36:43 PM
I don't think there's much that can be done at all to soothe this problem. This is human nature at work.
sr. member
Activity: 574
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
April 19, 2019, 09:31:17 PM
Well it is super obvious that it does Roll Eyes. Chasing profits out of loss will never be a thing in cryptocurrency. If you lose a trade and you get greedy just to take the money you loss or even gaining more than that. If you do that, then money flies.
member
Activity: 840
Merit: 10
April 19, 2019, 09:17:55 PM
Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

Cryptocurrency movement price in one day sometimes more than 100%. I think if we are good trader and make 40% is not greed if we can. In any investment, our goal is make profits as much we can and i dont think its a bad
full member
Activity: 588
Merit: 104
April 19, 2019, 07:37:32 PM
Profit taking is important part of the trading activity.
You do not lose until you do not sell and you do not win until you do not take the profit.
This is the golden rule.
hero member
Activity: 2674
Merit: 585
Leading Crypto Sports Betting & Casino Platform
April 19, 2019, 04:43:29 PM
Greed is natural in human being no matter how highly group of human being you are because it involves money. Just like gambling, the more you want cover your looses the more you loose at the end.
I think this needs to be taken a bit light now. No more psychological pressure. You are very well versed with the risk in the cryptocurrency business and that it is uncertain to make money here all the time which means that you should have another means of making money as well. This is important. If you have other means, you would be secure and only them you would be able to hold for long despite the risk which always pays off.
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
April 19, 2019, 04:15:38 PM
You understand that such behavior sooner or later will bring you to the state when people deposit will just fall awfully. Greed is the feeling that has immense size. Greed will have bad consequences anyway.
greed can eliminate all your money, and can even make regrets in your life. we must learn to control ourselves so that we are not greedy, when we can master it we can invest and trade calmly.
Trade without any emotions behind, greed is built for traders who enter this business with such emotions inside, you can only avoid this problem if you are well prepared and you truly understand every risk that you are taking, being satisfied everytime you filled your trading positions will let you to continue this business without any  regrets, be careful with waiting and maximizing opportunities most of the time greediness played upon you not doing the right decision to make.
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
April 19, 2019, 04:08:31 PM
It seems there’s no comment about to prevent greed for traders

It’s simple; stop expecting so much after investing so little
Remember 100x, 1000x does not happen to every token
Dyor
x100 and x 1000 type of winning bets are not trades in my opinion. There are small market cap tokens that offer a good way of earning with simply investing and every trader can't catch such deals. Without experience, it is hard to take these big rewards. Greed is dangerous.
jr. member
Activity: 658
Merit: 5
April 19, 2019, 04:03:58 PM
It seems there’s no comment about to prevent greed for traders

It’s simple; stop expecting so much after investing so little
Remember 100x, 1000x does not happen to every token
Dyor
I fully support what you said.  To date, the cryptocurrency market does not have to wait much, and for some the project is expected to collapse.  But traders are nevertheless accustomed to getting super-profits and today they only get losses because of their Greed.

Superprofits are why investors end up in a rather low push
But when it comes to 10x, 100x etc it can be assumed And at worst; profits get closer to their targets
But it happens during the right research and proper selected tokens
jr. member
Activity: 280
Merit: 2
April 19, 2019, 10:04:55 AM
I guess almost everyone is built with greed within them and when people come into crypto at first all they actually want is a get rich quick scheme which you wont get here, i think we have to start setting our minds and saying once you make your maximum interest from your investment, why not just take out your profit and truely sometimes we also have to take risks and when taking this risk you have to be online 24/7 to monitor your investment   
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