Greed is bringing loss for traders - page 5.

profitgenerator212

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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 ??

There's a reason why the "stop loss" is very important to trading, to mitigate and manage risks. While that is available, every individual should also endeavour to cut his/greed if they are to make meaningful ROI on every trade without loss

Wyndesam

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Quote from: baeva2 on May 29, 2019, 06:22:57 PM

Many new traders want to make a profit without having good experience, knowledge and patience. They want to quickly get big profits without focusing on the cryptocurrency market. Because of their greed, they often suffer losses and mental disorder.

Of course you need to buy for those purposes where you know roughly what the growth will be , and see to what purposes you are going to keep the coin as perpetual growth of the coins does not happen and you need time to always come up with coins!

Iyanu14

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i think this topic should be moved to trading discussion thread, this is a wrong thread for a topic of this nature.

Dimas99

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Quote from: Dacosta Osei-Tutu on May 29, 2019, 07:28:35 PM

Not all of us day traders. Some of us are actual long term holders so holding our coins even when the price is good for us to cash out doesn't mean we are greedy.

Long term does reduce the emotions of ourselves more. because the target we will achieve is in a relatively long time and there is no need to check the market every time. this is more able to make someone relax with their investment.

Seth2009

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Activity: 445

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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 ??

Profit is profit.. Dnt put your emotions while trading coz if you do.. Instead you will earn you will more lose... Its better to take profits first then buy back again when its deep... The best way is, learn all the basic strategies.. Study the basic needs of trading...

Whaletale

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CurioInvest [IEO Live]

Not every one that loss in trading were cause by greed as some dont know when to enter but only fomo when the going is going already and when it turn red they expect it to still go more up in short while .

But some are but the greed kill them when they suppose take profit they keep expecting more and end up losing every gain and get rekt.

Nesbee2

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Activity: 840

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In my opinion , when going into crypto trading don't do it with a mindset that crypto is a get rich quick business. If you do your calculation on even as low as 2-5% profit everyday , you will realize that you will have a Huge amount of profits at the end of one month depending on your capital.

learn to take profit whenever the coin moons , try to avoid waiting for 10-100% profit per trade or per day , that is one thing that will finish your capital.

Avoid greed, enjoy the little profits, accumulate it in peace and safe your capital.

setialovers

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Quote from: Runbitup on May 29, 2019, 05:33:12 PM

Quote from: kalstarzz on May 29, 2019, 05:07:12 PM

very true, that greedy nature will bring destruction to the traders. in trading we need to get rid of the traits that make us do things without calculation. when we trade using emotion, greed, and too haste, we will tend to make mistakes and this has been proven and must be avoided.

right, sometimes we want to get big profits and continue to hold our coins even though they have experienced a fairly high increase and finally we get nothing because the coin goes back down and doesn't go up again.
that is what many people often experience because they are not quite satisfied with the results they have got.

I am agree, experience is best way to make profits. We should never attach with our coin or token. If we are holding bitcoin, its good long term investment but for some altcoin, its better find a right price to sell it and convert it to bitcoin

Dacosta Osei-Tutu

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Not all of us day traders. Some of us are actual long term holders so holding our coins even when the price is good for us to cash out doesn't mean we are greedy.

TKarollah

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“A nexgen decentralized ride hailing ”

Quote from: coinluisa on May 29, 2019, 06:33:29 PM

That's true being greedy will bring you to nothing but of course some of them is successful because of this kind of doing. Being trader you can feel a excitement to your investment especially when you see that it's growing that's why sometimes greed will enter to that because you feel want more so can earn more profits. Being greedy have to faces sometimes is good and sometimes is bad.

if you feel enough, you must and don't be greedy because sometimes market movements don't always have to be good, so be careful when taking action.
if we follow the wishes, of course we want big results, but sometimes the conditions are not always good so don't be greedy, if greedy will bring misery.

coinluisa

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That's true being greedy will bring you to nothing but of course some of them is successful because of this kind of doing. Being trader you can feel a excitement to your investment especially when you see that it's growing that's why sometimes greed will enter to that because you feel want more so can earn more profits. Being greedy have to faces sometimes is good and sometimes is bad.

baeva2

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Many new traders want to make a profit without having good experience, knowledge and patience. They want to quickly get big profits without focusing on the cryptocurrency market. Because of their greed, they often suffer losses and mental disorder.

Tosyn2

member

Activity: 566

Merit: 10

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 ??

Generally, human being tend to exhibit greediness when it comes to money issues. People who usually fall victim of the above scenario are high risk takers who are not satisfied with minimal profit but rather explore options for higher profit.

jouns

full member

Activity: 812

Merit: 106

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 ??

Necessary must always use stop loss otherwise we can lose everything we have, and especially greedy traders are strongly recommended to use Traling stop.

Runbitup

full member

Activity: 700

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Quote from: kalstarzz on May 29, 2019, 05:07:12 PM

very true, that greedy nature will bring destruction to the traders. in trading we need to get rid of the traits that make us do things without calculation. when we trade using emotion, greed, and too haste, we will tend to make mistakes and this has been proven and must be avoided.

right, sometimes we want to get big profits and continue to hold our coins even though they have experienced a fairly high increase and finally we get nothing because the coin goes back down and doesn't go up again.
that is what many people often experience because they are not quite satisfied with the results they have got.

FlamingFingers

sr. member

Activity: 1344

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It's inevitable that greed will continue to control most of traders mind set, It's not that easy to overcome greediness when trading, it only takes a pro trader to know when exactly to sell so as not to miss out from the moon bag

Raymondavid47

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Activity: 546

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I don't think it's only traders that greed as brought loss to. Greed as brought loss to 'HOLDERS' too. My $3k turned to less than $1k because of greed. My $1k worth of Accelerator token turned to less than $100 because of greed. Greed is really a great problem in the crypto sphere.

kalstarzz

full member

Activity: 770

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very true, that greedy nature will bring destruction to the traders. in trading we need to get rid of the traits that make us do things without calculation. when we trade using emotion, greed, and too haste, we will tend to make mistakes and this has been proven and must be avoided.

Ss4sukE

jr. member

Activity: 406

Merit: 3

nothing can be done to reduce the nature of greed in this industry except the awareness of each user. this trait is difficult to eliminate even attached to each of us. the most important thing for us as users is to be able to know how to generate profits correctly and avoid big losses.

Gabmot

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Activity: 686

Merit: 11

This isn't about greed now.. No wise investor will make investment to lose. We all do to make better returns on our investments. Looking to get $150 from 100 is just a normal investment plan. What of people that hope to make $1000 from the same $100?

Topic: Greed is bringing loss for traders - page 5. (Read 16080 times)