Greed is bringing loss for traders - page 8.

bebekangsoo

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Quote from: Xardasim on May 12, 2019, 06:13:35 PM

Exactly. Without greed, there is no loss. Everybody wants to sell from the top and want to buy it from the bottom and it always turns into regret. That is why we should improve ourselves.

holding on to greed will result in regret, eliminate greed so you can make enough profit, than you will regret that you did not take advantage because you want good results.
anyone of course wants good results but it's not easy, so make learning so you can get money.

laskybok

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A trader does not wait for a coin to pump too high before he could sell. Those who wait for that are just investors.
Which is why we have day traders, who most times are after 24 hours profit.
Although, there are times that the surge in price might be exceptional and the trader might have seen it coming and wait for it.

Xardasim

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Exactly. Without greed, there is no loss. Everybody wants to sell from the top and want to buy it from the bottom and it always turns into regret. That is why we should improve ourselves.

Rogkim1

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In order to fight greed, you must try to be content with what you have. Also, often remember your failures due to the fact that you were greedy and chased after big profits.
Fighting greed is essential to make a profit in the crypto market.

OluwaTosin10

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Quote from: rchstr on May 11, 2019, 03:19:29 PM

Quote from: kanmo on May 11, 2019, 01:11:55 PM

Quote from: OluwaTosin10 on April 11, 2019, 07:27:10 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 ??

I don't think there is any solution to greediness in crypto because of its volatile nature. Crypto is very volatile and no one can predict its price in the next seconds that why a lot of traders don't take profit early because they believe price can still go up.

There are solutions on greediness if you are just patient. Diversifying your portfolio may be a good idea and for me it is not a greediness at all.

also having a backup fund for a buyback may be an intelligent move as it may lower your breakeven if the coin you are holding is in a bearish postion.

You may take advantage of the volatility of bitcoin by trading its trend, looking at the right timeframe may help a lot if you are focusing on trading.

How tnen to handle greed that comes with crypto currency

Patience is good but until when ? And by diversifying; is it about splitting investment into different tokens ??

dawai asmara

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Quote from: laskybok on May 11, 2019, 05:28:20 PM

Whether you are greedy about it or not, trading is still the best to engage yourself in.
Those who want more than they can chew, will learn their lessons from their mistakes and it will make the better.
He more they practice, the better they become.

sometimes we really need to be greedy because that is what will make us in front of other people because sometimes people do not dare to take high risks even though there is a good chance of taking it.

so even though we experience failure because of greed but it will provide an experience that cannot be obtained by people who do not dare to take big risks.

the rise

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DGbet.fun - Crypto Sportsbook

Greed is one of the traits possessed by humans and thinking by seeing others is better then that trait will continue to exist, so what we have to do to stop it is to be grateful for all that we have even though it only breathes so greedy. will run out and important life is fulfilled.

laskybok

jr. member

Activity: 315

Merit: 2

Whether you are greedy about it or not, trading is still the best to engage yourself in.
Those who want more than they can chew, will learn their lessons from their mistakes and it will make the better.
He more they practice, the better they become.

nutriagrigia

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Oikos.cash | Decentralized Finance on Tron

Quote from: StatesManG on May 11, 2019, 02:18:02 PM

you are totaly correct, greed has become one of the big problems with with the traders and only if they can contain that, we can stop or maintain the looses.

This is a big problem not only for traders but for all people in general, this is a big problem. but in trading people just lose money because of this

Activitycoin

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Quote from: jrrsparkles on May 11, 2019, 04:07:35 AM

Quote from: santouao on May 11, 2019, 03:48:57 AM

I think yeas they rush buy coins and altcoins through the highness of the crypto market and the market collapse soit brings them a huge losses and now they are holding and waiting for the price of coins to rise which is happening right now as the market already making recoveries.

If you buy at high prices and soon after that market collapses means you have to wait for the next bull run,expecting the profits in very short term is not going to happen always.Like you said the prices starts to move so people who bought at high price will now get confident about making profits.

Yes you are absolutely right we will have to wait for our luck to shine and as we know when crypto currency falls it takes so many time to recover the price so we will have to be patient and never sell our coin at panic so let everything be normal for us once again and invest in something really beneficial, so don’t be greedy to have quick profit wait with patience.

rchstr

sr. member

Activity: 546

Merit: 256

Quote from: kanmo on May 11, 2019, 01:11:55 PM

Quote from: OluwaTosin10 on April 11, 2019, 07:27:10 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 ??

I don't think there is any solution to greediness in crypto because of its volatile nature. Crypto is very volatile and no one can predict its price in the next seconds that why a lot of traders don't take profit early because they believe price can still go up.

There are solutions on greediness if you are just patient. Diversifying your portfolio may be a good idea and for me it is not a greediness at all.

also having a backup fund for a buyback may be an intelligent move as it may lower your breakeven if the coin you are holding is in a bearish postion.

You may take advantage of the volatility of bitcoin by trading its trend, looking at the right timeframe may help a lot if you are focusing on trading.

Palmaper

jr. member

Activity: 170

Merit: 4

Quote from: OluwaTosin10 on April 11, 2019, 07:27:10 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 ??

I have to admit that I have gone through that experience repeatedly, and the simple fact that most crypto-enthusiasts refused to sell when the price of bitcoin reached $20K, it is a sign that the vast majority of us have that same tendency.

But now that I know a little more about this complex market, I think I have learned to never give up a good profit of 20% per month, because it is better to ensure a good performance every month, than to wait two years living with illusions that will never be fulfilled at all.

StatesManG

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Activity: 462

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you are totaly correct, greed has become one of the big problems with with the traders and only if they can contain that, we can stop or maintain the looses.

Averim

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Merit: 12

Greed bring only dissatisfaction no matter how big the profit is, and if the balance is negative then is the end of the world. I have been there and now i appreciate the technology then the value of altcoins.

pant-79

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Quote from: OluwaTosin10 on April 11, 2019, 07:27:10 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 ??

It is necessary to make a choice: either you play the lottery, hoping that you will earn big money; or you constantly earn a relatively small amount of money. After you make a choice in favor of permanent earnings of a certain percentage, for example, 15-30%, it will be much easier for you to sell the coin, upon reaching your goal.
Before buying a coin, you need make a plan. Specify there the purchase price and the desired sale price. Then just don't allow yourself to deviate from the plan. In rare situations, when the price of a coin doesn't grow as well as you anticipated or there are serious changes in the market that can lead to serious consequences you can adjust the plan.
The above actions help you in self-organization.

kanmo

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Activity: 458

Merit: 10

Quote from: OluwaTosin10 on April 11, 2019, 07:27:10 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 ??

I don't think there is any solution to greediness in crypto because of its volatile nature. Crypto is very volatile and no one can predict its price in the next seconds that why a lot of traders don't take profit early because they believe price can still go up.

mirgo1791

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Activity: 1022

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as work with evaluation gives of signals as trader to follows of movement with the drawing on chart, the decision to gives of return as might to follows with risks on release as the possession of resource on authorization.

Dellosoft

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Activity: 206

Merit: 1

I was in this train of wanting to get 10x before exiting a trade, and always get burnt. But now I don't go for big gains before moving to the next trade if it's short term trading. I only hold for long during trading only when there is an upcoming news or when I'm in for long term. Well, sometimes you sell fast and boom the price skyrockets, this happens to me severally.

ginobitcoiner

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BBOD Trading Platform

Quote from: TomArayaSlaya on May 10, 2019, 06:36:51 PM

Best idea is to have a considerable not crazy target say 5% or just 10% and then once it hit that you sell like 60% and hodl 40 if you think there will be spike in price that way you avoid unnecessary losses you might incur and your investment might even comes with little profit at the end

your theory is indeed very good and very profitable, if indeed the traders can do it. but I am sure it is not done by most traders because in reality greed is indeed the capital of successful traders.
they dare to speculate on the basis of good analysis.

amaterazu

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Activity: 407

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When you invest in amounts that are not a little better, be careful and don't buy Crypto coins that have no potential. Even though you are stuck in a loss, you better not sell coins, but be patient. We know the nature of coins is that prices go up and down, so you are in no hurry to sell coins because prices will definitely rise again.

Topic: Greed is bringing loss for traders - page 8. (Read 16113 times)