Greed is bringing loss for traders - page 27.

bilal_jan321

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Quote from: OluwaTosin10 on April 11, 2019, 08:27:10 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 ??

This is human nature and it holds true in every trading market. Traders set their goals but when they see the price of there coins going up they HODL in the greed of more profit and end up losing money and cursing coins. Nobody can cure this disease except you.

cepot9

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Cryptocurrency addict | Invest at your own risk.

greed can destroy everyone even a good project can be ruined because their dev is greedy, so everyone should be aware that seeing the current situation is a dangerous thing that causes harm

kisfoxs

jr. member

Activity: 289

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This has become human nature and which in my opinion makes perfect sense. But we must be able to take advantage of every opportunity that exists and not easily panic. When prices have gone up and made a profit, it's better to sell immediately. Then the advantage is to buy another coin.

Fammosh82

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Greed has most certainly appeared a lot of times in the financial market and one time was when the dot com bubble came about. Traders bought more and more stocks, and this inflated the price of them by a huge amount. Everything then came crashing back down and this led to a huge disaster for a lot of traders. Another example of this is actually with Bitcoin. Traders need to have some kind of trading plan in place as much as possible. This will help them to avoid any kind of emotional damage. You also need to try and stop removing stops, doubling down and even overleveraging.

michellee

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Greed only makes us getting lost in many times. That's why we need to control our greed, so it doesn't give us a problem to get a profit. Greed is fine when you can realize how much profit you need to take, but greed is not good because you will lose the opportunity to make a profit. We already have seen or had the experience of greed, and if we cannot control the greediness, then we cannot make a profit too.

sammyp

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This greed comes as part of the human nature. We always set a target like 10% and then we make it, then we think we should make it 30%, then we get that achieved and then we think we are good traders and that all odds are in our favor. So we keep waiting for more and more until everything gets out of hand. We need to train ourselves to be content with what profits we make and should not be like Oliver Twist by wanting more and more.

shesheboy

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Quote from: anafiene on April 13, 2019, 12:08:53 AM

This is definitely greed that will make losses and disasters for traders, we must be careful in trading not to get caught up in a situation that would destroy us

Greed can make a trader loose but for others that are not greedy , they still experience to loose because of wrong coin choice and bad decision making but loosing is a good way to reliaze your mistakes . this can change you to become a good and succesful trader in the long run .

Quote from: anafiene on April 13, 2019, 12:08:53 AM

it would be better to trade wisely and honestly even though the results are not as we expected

Trading wisely is a must but i dont think that honesty can help you win your trades . accepting your loss is good and it makes you more professional but take time to learn from your mistakes so that you wont be loosing again on your next trading seesion .

entebah

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Quote from: The Cryptovator on April 13, 2019, 01:14:08 AM

Yes look like OP opinions is right. Greed is the one of reason for lose fund on trading. Especially new traders are mostly doing this mistake. I think it's enough to exit from trade once you already have 10-30% profit. Who know when it will dump again. So if you sold on this profit then at least you will not be on lose even you are not able to get high profit if in case bump again. On the other hand you can enter another trade once you will exit for one trade. So it's better to avoid much expectation and gree on crypto trading.

True, a trader who is still a beginner will definitely have a greedy nature, that is the reality. Because I myself experienced this, and made me lose some of my money due to that greed, so if you don't want to lose money, then stop that greed.

sopanbmp

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Activity: 420

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Quote from: OluwaTosin10 on April 11, 2019, 08:27:10 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 ??

that was true, like me when i'm still a newbe in crptocurrencies, I always use my emotion and greed when I were in profit and never do research and analysis with market cycle.
its the most great regret in my life.

The Cryptovator

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Yes look like OP opinions is right. Greed is the one of reason for lose fund on trading. Especially new traders are mostly doing this mistake. I think it's enough to exit from trade once you already have 10-30% profit. Who know when it will dump again. So if you sold on this profit then at least you will not be on lose even you are not able to get high profit if in case bump again. On the other hand you can enter another trade once you will exit for one trade. So it's better to avoid much expectation and gree on crypto trading.

Viper_Unleashed

sr. member

Activity: 584

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Generally day traders and swing traders follow the trend and had already set their buying and selling target.Follow the charts that's why I always prefer doing that even though if I heard and news about hyping the coin.The market is driven by just two emotions-fear and greed. Although this is an oversimplification, it has always proved to be fruitful.Just as scrapping your investment plan to hop on the latest get-rich-quick investment can tear a large hole in your portfolio.Always making trade on facts and charts is safest way.Trading with emotion will definitely incur loss.

anafiene

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This is definitely greed that will make losses and disasters for traders, we must be careful in trading not to get caught up in a situation that would destroy us, it would be better to trade wisely and honestly even though the results are not as we expected

demonz666

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Activity: 493

Merit: 100

Quote from: OluwaTosin10 on April 11, 2019, 08:27:10 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 ??

yes you are right most people think trading or crypto investing is a way to get rich quick. so they always hold the coin and hope the price will rise even higher. and in the end nothing will get. because the coins we hold down dramatically after the increase. so it's better if the coins that we hold have gone up a few percent 30% - 70% we sell we take advantage. and invest again, fortunately little if collected will be a lot.

Ifemini

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Activity: 690

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There are consequences for every action

Greed is the most complicated issue with crypto traders
And it is as a result of placing so many hope on the price on a token when profit was supposed to be cashed

Dyor

Emmy92

jr. member

Activity: 837

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You are right, greed has led many into losing big time. I think in order to reduce loss, there is great need to change our mindset. Contentment is key, be satisfied with your little gain and exit the trade.

bountylayomi

copper member

Activity: 234

Merit: 0

I personally have been wounded several times as a result of being greed in the crypto market. I just can't really figure it out how not to fall victim of greed in this business. We cannot totally do without it.

DeathProxy

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Trading with emotions is what cause loss most at times. Greed also is a big bottleneck in crypto trading many people after meeting their target tends to go futher qnd increase their profit at the end they end up lossing all

Astvile

sr. member

Activity: 1484

Merit: 276

Greed brings loss for all people not just traders,all people strive to earn more and more money in easy ways,believing that something can earn them that millions in just a blink of an eye.We cant teach them how to be not greedy only their exeperiences will teach them the hard way

AhmadM

sr. member

Activity: 1008

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Quote from: ?? on ??

All Crypto people are here for make some money without some real investor. Altcoins won't be never shit coin, only greedy crypto people tell others this talk.

What are you talking about? Are you still have big trust in altcoins? Don't you know most of altcoins are shitcoin and only suit for short-terms hodl. If you hodl it too long altcoins only become dust in your wallet.

Wale777

jr. member

Activity: 336

Merit: 1

There is one thing that every trader need to note that with crpto it is not possible to get maximum profit, having this at back of your mind you'll eschew greediness by trading your coins when the value of your coins increase marginally other than waiting for thousands percent profit and lose your investment in the process

Topic: Greed is bringing loss for traders - page 27. (Read 16080 times)