Topic: Greed is bringing loss for traders - page 26. (Read 16113 times)
I think eliminating greed is impossible because each of us has something like that and that is human nature, and I think the most important thing is that we have to be good at making decisions when to buy and sell at the right time.
Greed is apart of human being. Without greed there will be no demand.
When there is no demand, something will be worthless. It's Yin and Yang nature.
Also every trader have their own trading style for example short term and long term traders !
When there is no demand, something will be worthless. It's Yin and Yang nature.
Also every trader have their own trading style for example short term and long term traders !
It all has to do with lack of knowledge and inexperience. But aside greed, emotions are the most cause of loss during trades. It causes one to take irrational decisions which may mar once choice of trade. Using a stop loss should be a constant practice
What can be done to ease greed amongst investors ??
I think the best thing to do is to make a target price and when it reaches that target price, you will sell it at that price no matter what happens to the coin whether it goes up or down. This is what I'm doing when I trade. This needs discipline to the trader so that he will not become greedy in trading. legendary
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What can be done to ease greed amongst investors ??
I think the best thing to do is to make a target price and when it reaches that target price, you will sell it at that price no matter what happens to the coin whether it goes up or down. This is what I'm doing when I trade. This needs discipline to the trader so that he will not become greedy in trading. 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$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
Which is to make profits from 1% - 50%
I.e a trader of 100$ 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$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
I started off like what you have explain and after my years in trading i slowly realized that in order for me to achieve greater heights i need to really control my psychology aspects. To me i think that only after you realize it yourself then you are able to make this change. This is your own psychology barrier that on one can help you with.
The crypto market moves very fast, so when he goes up a few percent we have to sell it because profits have already been obtained, because if you want more and more, the market can move down, that's what is feared, controlling emotions as a trader is very important
It works sometimes but I mostly keep on holding even I've saw some profits by now. It is not look greed but we are just aiming for more and that is actually normal for now. We don't just to take for granted for every small drops we received but to look more is better and it really give us more satisfaction.
The crypto market moves very fast, so when he goes up a few percent we have to sell it because profits have already been obtained, because if you want more and more, the market can move down, that's what is feared, controlling emotions as a trader is very important
Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%
I.e a trader of 100$ 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$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
Which is to make profits from 1% - 50%
I.e a trader of 100$ 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 ??
Cryptocurrencies have a high yield, but it carries high risks. This should be understood by everyone who wants to invest or trade in cryptocurrencies. Want less risk - carry your money at 1% per annum on a deposit in the bank.
I think the thing that must be done in order to reduce the greed of investors is put a goal that should be mandatory done. If you set your goal that you are selling at price $30 for example, you should sell it for 30$ and not wait for a long time more.
get profit, yes traders will definitely want to make a lot of profit, but if it's too much and the longer you wait you can lose because of market movements that can change anytime quickly.You have to have profit expectations but not too big, if you make a profit, you have to sell it quickly, afraid the market will drop again and you will lose everything.
I think the thing that must be done in order to reduce the greed of investors is put a goal that should be mandatory done. If you set your goal that you are selling at price $30 for example, you should sell it for 30$ and not wait for a long time more.
get profit, yes traders will definitely want to make a lot of profit, but if it's too much and the longer you wait you can lose because of market movements that can change anytime quickly.You have to have profit expectations but not too big, if you make a profit, you have to sell it quickly, afraid the market will drop again and you will lose everything.
I think the thing that must be done in order to reduce the greed of investors is put a goal that should be mandatory done. If you set your goal that you are selling at price $30 for example, you should sell it for 30$ and not wait for a long time more.
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It's something that a lot of us have done, myself included... Watch a coin go high, then be greedy and hold for too long as it drops back down again. The only way to improve is to analyse our own mistakes to try to help us make better decisions in future.
I have those experience too, and it makes me cannot get my profit. I realize that having greediness will not help us to gain profit. We are too late to realize the coin price is down because we were expected to see the price increase and reach the price we want. But unfortunately, we miss something that in the crypto trading, there are so many possibilities that could happen in the next minute. So if we still have greediness, then we are too late to make the profit.
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$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
Which is to make profits from 1% - 50%
I.e a trader of 100$ 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 ??
human nature
I think everyone has a side like that, so it's only natural especially those who have no experience in crypto trading and trading. high profits make many people try to pit their fortunes in this industry as it did in 2017. I don't think there is anything that can prevent natural human nature
It's something that a lot of us have done, myself included... Watch a coin go high, then be greedy and hold for too long as it drops back down again. The only way to improve is to analyse our own mistakes to try to help us make better decisions in future.
Agreed on that, learn by analyzing your mistakes and you will improve that way. Greed is cause by lack of planning and being weak emotionally, if you have a proper plan and you will be able to initiate it, there's not way you will be greedy.
Being greedy is one of the best attitude you can have on this cryptocurrency.
You need the greed to haev a big success but also, if you will let that attitude go along it will make you lose.
GREED must have the right knowledge, if you will combine them you will succeed here. crypto is pure of knowledge which we should harvest and use to gain.
You need the greed to haev a big success but also, if you will let that attitude go along it will make you lose.
GREED must have the right knowledge, if you will combine them you will succeed here. crypto is pure of knowledge which we should harvest and use to gain.
Knowledge will lead to success and there is nothing wrong with greed in any investment market. With knowledge, we can maintain our emotion and psychology facing price fluctuation and with knowledge, we can make big profits from bear market and i think its not a greed but its a smart move
It's something that a lot of us have done, myself included... Watch a coin go high, then be greedy and hold for too long as it drops back down again. The only way to improve is to analyse our own mistakes to try to help us make better decisions in future.
so if you already have enough profit, even though it's not too big you have to sell it quickly and don't wait too long to get a bigger profit.someone's greed will be dangerous so you don't need to be too greedy for profit.
Being greedy is one of the best attitude you can have on this cryptocurrency.
You need the greed to haev a big success but also, if you will let that attitude go along it will make you lose.
GREED must have the right knowledge, if you will combine them you will succeed here. crypto is pure of knowledge which we should harvest and use to gain.
You need the greed to haev a big success but also, if you will let that attitude go along it will make you lose.
GREED must have the right knowledge, if you will combine them you will succeed here. crypto is pure of knowledge which we should harvest and use to gain.
It's something that a lot of us have done, myself included... Watch a coin go high, then be greedy and hold for too long as it drops back down again. The only way to improve is to analyse our own mistakes to try to help us make better decisions in future.
Well, this is really a problem in the greed of some traders. But because they do not know how to trade. if they had the experience of trading then they would know the point about where to close their positions in the plus. as I have already said in order to know where to close the position you need to have experience in trading. If you are already so greedy and expect more profits then close at least half of your position. Fix at least half the profit
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