Topic: Greed is bringing loss for traders - page 29. (Read 16080 times)
Investors who has greedy minded always lose because they are not thinking well in terms of investing,they are looking only at the high price of coons now so they are rushing buying coins so they sell it once price goes up again.On the year 2018 a lot of investors and traders lose a lot of money because of over buying coins then market collapse then they cant recover their losses,so the lessons we learn is always be calm and make adjustments every Time.
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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 ??
From that illustration, those traders have big greed because he was expecting another big profit. We don't have to be like that because no one knows what next will happens to the market. So if you see the profit, then you need to sell your coins and take all the profit you can but don't sell all in one-time. I think if you are in the same situations, then I think you need to know how to control your greed because that will makes you lose the profit.
Greed has cost a lot of us. Many of us would have done things differently if given the opportunity again. Many times you could have taken 5% or 10% profit but instead choose to hold and in the process get rekt.
Most people simply do not have a goal at what level to sell their coins , because of this, many traders lose money , there should always be a plan for which to follow ! 
sometimes when we are greedy The money that we earn on trading sometimes it became a stone. It should be that when we get the money that we expect we need to be satisfied by that or else this greediness will make us broke instead of making profit. we must have a self-discipline when we get enough profit let's be happy with that.
I did once has a coin made 1000x from ico and i waited for 5000x. As you can expect it didn't get to 5000x and it dropped a lot. I sold it and bought something else which also dropped a lot. Now, it seems that 1000x is returned the original value. If i weren't greedy much...
What can be done to ease greed amongst investors ??
There is nothing you can do to ease greed of investors. It is their own desire, to get a huge return even though the chance is near to impossible. The only thing that can teach them is their own experience and learning from it. Realizing that it is better to have a realistic profit target than to desire more that will more likely burn their investment.
This is human nature, often times we want to get the most out something which will eventually look as though one is been greedy, if you looking to sell higher instead of take decent profit when you can it might end up to be a loss because of market fluctuations, at the end of the day it all depend on individual perception and their ability to take risk, trading requires wisdom.
Yes it was, for me getting within 10% to 20% gain is enough profit. Dont be to greedy while trading it really kills your techniques. When there is a hype then go and right away then sell. Dont hold too long because thats normal cycle of crypto currency. Be professional dont be a kid anymore
Agree.In general, according to my philosophy, if everything goes too well, something not good needs to happen.
That is, if all trades are constantly going in a plus, all the same for balance, several transactions will close in a minus. And so for all stuff
Greed is always accompanied by encryption. Maybe when we are no longer greedy, then we will no longer be new and will no longer be affected by market volatility. At that time I thought we would succeed.
Greed has cost a lot of us. Many of us would have done things differently if given the opportunity again. Many times you could have taken 5% or 10% profit but instead choose to hold and in the process get rekt.
Yes it was, for me getting within 10% to 20% gain is enough profit. Dont be to greedy while trading it really kills your techniques. When there is a hype then go and right away then sell. Dont hold too long because thats normal cycle of crypto currency. Be professional dont be a kid anymore
The last place where you should be greedy is the crypto currencies market. You should always know where to buy an altcoin and on which point to sell it. It is extremely important for the heath and the size of your portfolio.
There's a time when to hold or when to trade. If you are having 20%+ return on one day or two, I would never suggest you to hold on. Sell it and take your profit. Recently I have taken my best decision on ETH. I decided to sell despite many suggested to hodl for more profit. Now, price is decreasing and I can buy mire eth.
Greed kills so many in crypto not just the traders. I know of a guy who only wants to go into trading of coins on low cap believing their pump will get him millions. Meanwhile, there are other ones he can trade on and confidently make like $10 gain. That's too little for him but I call that greed.
greed is in all of us and there is noone who could claim they are not affected by greed specially when they are trading and there is a lot of money involved.
the thing that makes the biggest difference among different people is what they do with this flaw and how they control it. a successful trader is someone who doesn't let his decisions be clouded by his greed and instead focuses on the reality and analysis of the market. but a losing trader is someone who is a bag holder instead of letting go of altcoins that continue to drop.
the thing that makes the biggest difference among different people is what they do with this flaw and how they control it. a successful trader is someone who doesn't let his decisions be clouded by his greed and instead focuses on the reality and analysis of the market. but a losing trader is someone who is a bag holder instead of letting go of altcoins that continue to drop.
The major reason why most of the investors are greed is because they believe that cryptocurrency is a business where you can become a millionaire over night.
people think so because there have already been such cases. but now the market has changed and this will not happen, but people still believe On the contrary, greed is good. It is the motivator for everyone to buy a coin. Without it, no one would risk losing one's savings. The problem with how we handle greed is losing perspective and let our emotions cloud our judgement and reality.
Indeed, sometimes greed is good in investment field. When others fear, its time to be greed, thats warren buffet said. I think not all greed is bad, its depend on the situation. Peoples who buying bitcoin at $3300 must be enjoying big profits right now and perhaps they want more and i dont think its a greed
But also there's times when greediness become a powerful piece of success, those who are in wealth are greedy people who able to achieve goals
it's all about how will you execute and how you master your skills in order to favored your investment, without knowledge everything will be fallen
a part, you have to add good understanding about things that you'll gonna hold on in order to have a better outcome benefits.
The major reason why most of the investors are greed is because they believe that cryptocurrency is a business where you can become a millionaire over night.
You are correct, most times as traders when we see profit, we keep hoping that the percentage profit will increase instead of taking profit, we keep holding for more increase, before you know it, it is back to a loss. So Traders should learn to be satisfied with little profit instead of loosing capital.
I agree. You have to know limitations for you not to lose because when you are gaining, you keep to take risk because of eagerness to have more and when once lose, you keep want to turn it back though it keeps you lose more than you win on the second time around. You have to be satisfy on small profit , do not hold much because the market today having small pumps and big dumps. On the contrary, greed is good. It is the motivator for everyone to buy a coin. Without it, no one would risk losing one's savings. The problem with how we handle greed is losing perspective and let our emotions cloud our judgement and reality.
Indeed, sometimes greed is good in investment field. When others fear, its time to be greed, thats warren buffet said. I think not all greed is bad, its depend on the situation. Peoples who buying bitcoin at $3300 must be enjoying big profits right now and perhaps they want more and i dont think its a greed
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