Greed when trading - page 5. | Bitcointalksearch.org

irhact

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Quote from: Ndabagi01 on October 01, 2024, 04:13:22 PM

Being able to handle greed is something personal and you should not wait for a mentor to guide you or set you back on the right track when greed sets in for you. I have seen some traders that preach for greed me those type of traders are swing traders. The rules of swing trading is that you should be greedy in order to get a lot of profits because a new set up will be hard to get in as a trader. If you’re new to trading , focus on how to control your greed because it’ll make you lose a lot of money if you don’t trade with caution and allow greed to control you all the time.

There's no way a mentor can help you to manage your greed perfectly if you're the greedy type, you're the only one that can help yourself as if you're with them, you can pretend that you're not more greedy but when you are alone in your house, the greed is going to come back and it'll make you to begin to make very wrong choices. Controling your emotions can be achieved by being a very disciplined individual. Traders have to be disciplined or they won't make profits. Starting a trade and ending should be done based on your analysis and not by emotions. Don't give one more minute to the market or that one minute might turn to more minutes that causes you to lose.

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Quote from: CageMabok on October 03, 2024, 08:19:56 AM

Quote from: yudi09 on October 01, 2024, 04:01:18 PM

Experience is the best teacher in all fields including in the field of trading. If with the experience that has been gained you still can't control yourself over the unconscious surrender, then there is nothing that can change you into a successful trader even though the measure of success in question is only a general scope.
Trading is not always profitable. When making a profit, there are times when the strategy used must be adopted according to the circumstances.

Adjusting certain conditions when you want to trade is also very important for traders who are already professional at this time because they all must also understand that not every time trading must be carried out by them. Because there are certain times when they have to stop for a moment before continuing their activities because every trader must also continue to understand market trends whose changes are sometimes difficult to predict as has happened in the last two days on Bitcoin in the market.

Of course, that is how the approach should be applied in trading, or what is meant before executing the market a trader must first see the market situation and analyze it, I also always do that when it is time for me to trade by looking at the market situation first, and if I see a moment that matches the strategy I have then that's where I will open a trade, and sometimes when it's time for me to enter the market according to the schedule I have set but the market does not give any indication that matches the strategy I have which in the end I prefer to postpone the session and exit without making any trades at all, actually I could force the situation but of course it would be very risky if you open a trade at a moment that does not match the strategy I have. If you are a trader then I am sure you will understand what I am saying, my friend, or maybe you have experienced the same thing.

cocadalcan

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Quote from: yudi09 on October 01, 2024, 04:01:18 PM

Quote from: uswa56 on September 28, 2024, 11:55:28 AM

Quote from: yudi09 on September 28, 2024, 11:20:20 AM

-snip-

It is true that being able to control oneself is not an easy thing for everyone, especially someone has an emotional nature, but I think if they continue to practice to avoid things that they don't need to do, of course they will be able to trade well, of course this will be very beneficial to themselves and I agree with you for anyone who trades to be able to get rid of their greed when doing trading in order to be able to do by getting results that are in their favor.

Experience is the best teacher in all fields including in the field of trading. If with the experience that has been gained you still can't control yourself over the unconscious surrender, then there is nothing that can change you into a successful trader even though the measure of success in question is only a general scope.
Trading is not always profitable. When making a profit, there are times when the strategy used must be adopted according to the circumstances.

In order to make themselves profitable in the business, they have to practice some strategy which is to buy small amounts and slowly increase the buying trend by checking the market price trend. I would advise against investing large amounts of hard-earned money in cryptocurrency at the same time.

pusaka

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Quote from: CageMabok on October 03, 2024, 08:19:56 AM

Quote from: yudi09 on October 01, 2024, 04:01:18 PM

Experience is the best teacher in all fields including in the field of trading. If with the experience that has been gained you still can't control yourself over the unconscious surrender, then there is nothing that can change you into a successful trader even though the measure of success in question is only a general scope.
Trading is not always profitable. When making a profit, there are times when the strategy used must be adopted according to the circumstances.

Adjusting certain conditions when you want to trade is also very important for traders who are already professional at this time because they all must also understand that not every time trading must be carried out by them. Because there are certain times when they have to stop for a moment before continuing their activities because every trader must also continue to understand market trends whose changes are sometimes difficult to predict as has happened in the last two days on Bitcoin in the market.

Without us realizing that the main enemy in trading or anything is ourselves, but we seem to blame the fluctuating market, even though it could be because we are wrong in analyzing. The emotions that exist within us can be one of the factors that cause it all, greed, fear and so on are things that affect the results of our analysis.
Sometimes we only see something from the outside, but we forget not to see something from within ourselves. For example, when fear or greed will make us feel a loss.
You are right, we don't have to continue trading all the time, there are times when we have to stop from all that and make our minds fresh again. everyone must have a way to restore it (make the mind fresh), well we can do that to take a break from all our activities.

sarmrakib

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I have said many times that if you wanna success on trading you have to control your mind and greediness. Most of the trader don’t get enough profit to set the exit level. When you think you are in profit you need to set up an exit level else you may loose your big profit. So that It's one of the main reason for net getting enough profit and cut the trade with less profit. However new trader mostly fall on this kind of situation and not able to controll their mind fall into the greediness and book with low profit or loss.

CageMabok

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Quote from: yudi09 on October 01, 2024, 04:01:18 PM

Experience is the best teacher in all fields including in the field of trading. If with the experience that has been gained you still can't control yourself over the unconscious surrender, then there is nothing that can change you into a successful trader even though the measure of success in question is only a general scope.
Trading is not always profitable. When making a profit, there are times when the strategy used must be adopted according to the circumstances.

Adjusting certain conditions when you want to trade is also very important for traders who are already professional at this time because they all must also understand that not every time trading must be carried out by them. Because there are certain times when they have to stop for a moment before continuing their activities because every trader must also continue to understand market trends whose changes are sometimes difficult to predict as has happened in the last two days on Bitcoin in the market.

Lightmanalmani

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From my opinion, getting less greedy during trading is something that is embibed over time by working on ones self.

You can't work on that part of you by just demo trading because there is a limit to how much our emotions comes to play during demo trade.

Get a life account at some point, fund it and practice all you have learnt without having making millions from it as a goal.
It is a practise account, you win, that's fine, if you loose, that's fine too, just take note of the reason for the loss.

Even the "Experienced" traders can get greedy most times. Loosing is still part of the process if you always know the reason behind your loses.

Alone055

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Quote from: Mahanton on October 03, 2024, 05:13:28 AM

Not really just that only on skills but also into the experience,knowledge and expertise that you do have on dealing up with trading and we do know that this is something that you cant really be able to obtain
in a short period of time. This is why learning trading is a never ending thing on which you will really be able to obtain learning on the things that you do able to encounter along the way.
Greed is something that will really be just that normal because there are really times that we do feel up this way.

This is really that very common when you do deal up with trading or even with gambling on which there would really be a time or moment that you do find yourself having some kind of urge or having that kind of spike
feelings when it comes on wanting to have more money. If you are really that serious on making trading as your side income or even your main then you should really be serious on trying out to achieve
such goal or target. When you do trade then its something that will really be requiring to do the right things but of course you will really be able to find yourself having those kind of adjustments on the time
or moment that you will be on doing trading.

Greed is a natural feeling and you need self-control or patience to control it, so neither greed nor self-control has anything to do with knowledge or skills. These things are built-in functions in a human. I know that you might sometimes be able to learn to control yourself after trying so hard, but it's not something that you can easily learn because learning can change your habits, understanding, and skills, but it can't change your nature, basically.

Only someone who has enough patience and self-control will be able to control their greed because you can only control your emotions if you have self-control, otherwise, your decisions will be influenced by your emotions and that isn't a good thing when you are in a financial market.

So in trading, it's important for a person to have a lot of patience and self-control because you can't survive in the market without it.

Mahanton

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Quote from: Dewi Aries on October 02, 2024, 09:26:15 PM

Quote from: yudi09 on October 02, 2024, 11:42:39 AM

Quote from: uswa56 on October 02, 2024, 09:30:28 AM

Quote from: yudi09 on October 01, 2024, 04:01:18 PM

Experience is the best teacher in all fields including in the field of trading. If with the experience that has been gained you still can't control yourself over the unconscious surrender, then there is nothing that can change you into a successful trader even though the measure of success in question is only a general scope.
Trading is not always profitable. When making a profit, there are times when the strategy used must be adopted according to the circumstances.

When trading, of course, there will be many things that we cannot predict and right, as you said, we must be able to adjust to the conditions when it happens, and all these things can be done because of the experience we get when trading and it is impossible for us to be able to adjust strategies when trading without having experience in trading.

That's right, but there is no need to extend it any further if we have reached the conclusion stage of several discussions that we have had. If it is continued, it seems like discussing something that is no longer necessary.
Experience is enough as the best teacher in doing activities. If you do not want to continue to experience big losses because it is related to money in seeking trading experience, it is better to try with a small capital first.

Our goal here is to find out the differences of opinion and also to find a bright spot or find a solution to a problem that we are experiencing, especially in the world of trading and if you feel that you have found something or the solution you need, it means that your problem is over, no need to repeat the same thing, you have got the answer about what is good and what is wrong, or you have got something that makes more sense with the help of other people's ways of thinking here, it means I agree with your idea.

Basically trading is an activity that depends on skills, or what is meant is that the opportunity for profit is very dependent on the skills you have outside of the risk of fluctuating markets, meaning that only by learning will you be able to develop or gain various new skills.
A demo account is different from a real account, the real experience and adaptation is when you trade with real money, meaning that of course we have to sacrifice some money as capital, but there is still the option to use a little money, there is no other way, and everyone goes through that process, so be serious about learning.

Not really just that only on skills but also into the experience,knowledge and expertise that you do have on dealing up with trading and we do know that this is something that you cant really be able to obtain
in a short period of time. This is why learning trading is a never ending thing on which you will really be able to obtain learning on the things that you do able to encounter along the way.
Greed is something that will really be just that normal because there are really times that we do feel up this way.

This is really that very common when you do deal up with trading or even with gambling on which there would really be a time or moment that you do find yourself having some kind of urge or having that kind of spike
feelings when it comes on wanting to have more money. If you are really that serious on making trading as your side income or even your main then you should really be serious on trying out to achieve
such goal or target. When you do trade then its something that will really be requiring to do the right things but of course you will really be able to find yourself having those kind of adjustments on the time
or moment that you will be on doing trading.

Dewi Aries

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Quote from: yudi09 on October 02, 2024, 11:42:39 AM

Quote from: uswa56 on October 02, 2024, 09:30:28 AM

Quote from: yudi09 on October 01, 2024, 04:01:18 PM

Experience is the best teacher in all fields including in the field of trading. If with the experience that has been gained you still can't control yourself over the unconscious surrender, then there is nothing that can change you into a successful trader even though the measure of success in question is only a general scope.
Trading is not always profitable. When making a profit, there are times when the strategy used must be adopted according to the circumstances.

When trading, of course, there will be many things that we cannot predict and right, as you said, we must be able to adjust to the conditions when it happens, and all these things can be done because of the experience we get when trading and it is impossible for us to be able to adjust strategies when trading without having experience in trading.

That's right, but there is no need to extend it any further if we have reached the conclusion stage of several discussions that we have had. If it is continued, it seems like discussing something that is no longer necessary.
Experience is enough as the best teacher in doing activities. If you do not want to continue to experience big losses because it is related to money in seeking trading experience, it is better to try with a small capital first.

Our goal here is to find out the differences of opinion and also to find a bright spot or find a solution to a problem that we are experiencing, especially in the world of trading and if you feel that you have found something or the solution you need, it means that your problem is over, no need to repeat the same thing, you have got the answer about what is good and what is wrong, or you have got something that makes more sense with the help of other people's ways of thinking here, it means I agree with your idea.

Basically trading is an activity that depends on skills, or what is meant is that the opportunity for profit is very dependent on the skills you have outside of the risk of fluctuating markets, meaning that only by learning will you be able to develop or gain various new skills.
A demo account is different from a real account, the real experience and adaptation is when you trade with real money, meaning that of course we have to sacrifice some money as capital, but there is still the option to use a little money, there is no other way, and everyone goes through that process, so be serious about learning.

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Quote from: jaberwock on October 02, 2024, 12:48:39 PM

Quote from: ethereumhunter on September 28, 2024, 08:29:30 PM

Quote from: zuzie on September 28, 2024, 07:19:13 PM

Of course my friend, and with a clear mind, all the actions we will do, we must have thought carefully first, it is undeniable that every person who trades sometimes has a greedy attitude in achieving goals that must appear suddenly, but if that happens, then as traders we must be able to control this greed well and in a controlled manner so that our trading efforts are not in vain and trigger big losses instead of wanting to have big profits but instead we will receive business losses later.

Having a clear mind will make us know what we must do in the current situation so we can adapt ourselves better and we can also see a chance to take profit. Greed will always show up when we already see a small profit and the market is green so if we don't have a clue where the market will moves in the next minutes or hours, we should take the profit and monitor the market. Maybe we can enter to market after take the profit so we will have more chances to make more profit.

I think it was easy to start with a clear mind but there is no assurance that we can sustain it up until our session ends and usually something can always mess with us. If the market is green, isn't it a kind of clue?

If the profit that we have is only small, that could mean that the increase is only small as well, so there is a big chance that it will still continue to move upwards. There is no point of being greedy yet with the small profits and actually being greedy will make us to wait for more because we want to earn big. If in case you already take your small profit, why would you still monitor the market? Entering the market is better against the hype.

As you do go ahead and would really be facing up different situations, those initial thoughts and thinking will really be that totally be different when it comes into this aspect.
We do know that there would really be those moments that you would really be feeling up with that greed specially when you are profiting or when you do make out some good trades. It is always been part of human
being on having this kind of emotion on which you will really be that definitely be thinking up on how you would really be able to make more. The primary thing that comes up into our mind speially on the moment or time
that you are really that on a good situation on which you would really be that forgetting on how to make withdrawal of those profits.

Regrets do always come at the end on which on the moment that you've seen yourself on having such situation then it will really be that wise that you should secure your profits.
Make out some compounding capital and make on the same strategies that you've been using. This isnt a race or a sprint but rather this is something can be considered as marathon
on which it will pertains on how you would really be able to sustain up for more longer.

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Quote from: ethereumhunter on September 28, 2024, 08:29:30 PM

Quote from: zuzie on September 28, 2024, 07:19:13 PM

Of course my friend, and with a clear mind, all the actions we will do, we must have thought carefully first, it is undeniable that every person who trades sometimes has a greedy attitude in achieving goals that must appear suddenly, but if that happens, then as traders we must be able to control this greed well and in a controlled manner so that our trading efforts are not in vain and trigger big losses instead of wanting to have big profits but instead we will receive business losses later.

Having a clear mind will make us know what we must do in the current situation so we can adapt ourselves better and we can also see a chance to take profit. Greed will always show up when we already see a small profit and the market is green so if we don't have a clue where the market will moves in the next minutes or hours, we should take the profit and monitor the market. Maybe we can enter to market after take the profit so we will have more chances to make more profit.

I think it was easy to start with a clear mind but there is no assurance that we can sustain it up until our session ends and usually something can always mess with us. If the market is green, isn't it a kind of clue?

If the profit that we have is only small, that could mean that the increase is only small as well, so there is a big chance that it will still continue to move upwards. There is no point of being greedy yet with the small profits and actually being greedy will make us to wait for more because we want to earn big. If in case you already take your small profit, why would you still monitor the market? Entering the market is better against the hype.

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Quote from: uswa56 on October 02, 2024, 09:30:28 AM

Quote from: yudi09 on October 01, 2024, 04:01:18 PM

Experience is the best teacher in all fields including in the field of trading. If with the experience that has been gained you still can't control yourself over the unconscious surrender, then there is nothing that can change you into a successful trader even though the measure of success in question is only a general scope.
Trading is not always profitable. When making a profit, there are times when the strategy used must be adopted according to the circumstances.

When trading, of course, there will be many things that we cannot predict and right, as you said, we must be able to adjust to the conditions when it happens, and all these things can be done because of the experience we get when trading and it is impossible for us to be able to adjust strategies when trading without having experience in trading.

That's right, but there is no need to extend it any further if we have reached the conclusion stage of several discussions that we have had. If it is continued, it seems like discussing something that is no longer necessary.
Experience is enough as the best teacher in doing activities. If you do not want to continue to experience big losses because it is related to money in seeking trading experience, it is better to try with a small capital first.

uswa56

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Quote from: yudi09 on October 01, 2024, 04:01:18 PM

Quote from: uswa56 on September 28, 2024, 11:55:28 AM

It is true that being able to control oneself is not an easy thing for everyone, especially someone has an emotional nature, but I think if they continue to practice to avoid things that they don't need to do, of course they will be able to trade well, of course this will be very beneficial to themselves and I agree with you for anyone who trades to be able to get rid of their greed when doing trading in order to be able to do by getting results that are in their favor.

Experience is the best teacher in all fields including in the field of trading. If with the experience that has been gained you still can't control yourself over the unconscious surrender, then there is nothing that can change you into a successful trader even though the measure of success in question is only a general scope.
Trading is not always profitable. When making a profit, there are times when the strategy used must be adopted according to the circumstances.

You are right, experience is the best teacher in everything we do and also we must be able to make the experience as a learning for ourselves and it will also be very good if we can make the experience we have to be able to teach others who are new to trading, of course this will be very useful for them so as not to make mistakes that harm them.
When trading, of course, there will be many things that we cannot predict and right, as you said, we must be able to adjust to the conditions when it happens, and all these things can be done because of the experience we get when trading and it is impossible for us to be able to adjust strategies when trading without having experience in trading.

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Quote from: YUriy1991 on October 02, 2024, 02:06:19 AM

Yes. It must be a minimum balance. In the end, we also become decision makers even though we have asked here and there about the investment decisions that will be carried out.

It cannot be denied that profitability is important and must exist, but usually there are 2 things that will always appear in our minds when we already have funds in a trading account, namely fear and obsession with wanting to quickly return capital and gain quick profits after buying the coins we choose and observe.

We are the rulers of our funds, so it's natural to be responsible while trading using them, you are totally right.
We should stay patient and use limits during our trading sessions.

YUriy1991

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Quote from: yudi09 on October 01, 2024, 04:01:18 PM

Trading is not always profitable. When making a profit, there are times when the strategy used must be adopted according to the circumstances.

I think this application can be run right now and now is the right moment for traders to look for additional profits from the volatile market and for Hodlers this is also a good time to add load and maybe this moment will only last a few days.

Quote from: zuzie on September 27, 2024, 09:04:11 PM

In my personal opinion, overcoming the problem of greed in trading depends on ourselves. What is meant is that when we want to start trading, we must instill positive thoughts because that is the right step in doing any activity and if balanced with the right rules and discipline, the results will be more optimal and we also prevent bad behavior such as greed.

Yes. It must be a minimum balance. In the end, we also become decision makers even though we have asked here and there about the investment decisions that will be carried out.

It cannot be denied that profitability is important and must exist, but usually there are 2 things that will always appear in our minds when we already have funds in a trading account, namely fear and obsession with wanting to quickly return capital and gain quick profits after buying the coins we choose and observe.

fikrett

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Quote from: ethereumhunter on October 02, 2024, 01:37:53 AM

Quote from: zuzie on October 01, 2024, 12:33:25 AM

Yes and the conclusion is that traders do not have such great greed because they can control positive thoughts when they sell in the market, of course with a clear and positive mind traders can know the strategy that must be done when they see unstable market conditions they will not be greedy and force unimportant wills in order to maintain the stability of their trading because that step is what helps traders not experience big losses when market conditions are bad.

By always managing greed level will help them avoids the miss time for take profit. They can act for the right time to get the profit without waiting for more especially if the market position still unstable. They know that they can take the profit now and enter to the market again because with their analysis they can see that opportunity so they will decide to get their profit and wait for a while. Traders must learn for more about controlling their greed so they will not regret.

Stop losses and stop profits are there for a reason.
Trading sessions with them become much easier for newbies especially to navigate and not to fall for the temptations at hand.

ethereumhunter

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Quote from: zuzie on October 01, 2024, 12:33:25 AM

Yes and the conclusion is that traders do not have such great greed because they can control positive thoughts when they sell in the market, of course with a clear and positive mind traders can know the strategy that must be done when they see unstable market conditions they will not be greedy and force unimportant wills in order to maintain the stability of their trading because that step is what helps traders not experience big losses when market conditions are bad.

By always managing greed level will help them avoids the miss time for take profit. They can act for the right time to get the profit without waiting for more especially if the market position still unstable. They know that they can take the profit now and enter to the market again because with their analysis they can see that opportunity so they will decide to get their profit and wait for a while. Traders must learn for more about controlling their greed so they will not regret.

Dewi Aries

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Quote from: Ndabagi01 on October 01, 2024, 04:13:22 PM

Being able to handle greed is something personal and you should not wait for a mentor to guide you or set you back on the right track when greed sets in for you. I have seen some traders that preach for greed me those type of traders are swing traders. The rules of swing trading is that you should be greedy in order to get a lot of profits because a new set up will be hard to get in as a trader. If you’re new to trading , focus on how to control your greed because it’ll make you lose a lot of money if you don’t trade with caution and allow greed to control you all the time.

I think the role of a mentor is quite needed in this situation, because with a mentor they will tell you whether the action you are going to take is greed or not, such as when you have succeeded in getting some profit but you prefer to continue your trading session to get a bigger amount, and the role of a mentor can thwart your plan in implementing greed.

For a beginner, of course they don't know the various signs of greed that control them, but when you have a mentor, it will speed up your process in recognizing greed, in the sense that you will be told about things that should not be done, especially when your daily or weekly target has been achieved and over time you will know and understand why greed is prohibited from being applied in your trading activities.

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Quote from: Awaklara on September 30, 2024, 11:18:06 AM

Quote from: nara1892 on September 30, 2024, 10:48:06 AM

It seems like you misunderstood my friend, because when you are able to think rationally then it means you will be able to avoid greed, because rational thinking will lead you to a consideration before making a decision, simply you will be able to distinguish between what makes sense or looks realistic and what does not. On the other hand you have said that greed can affect a trader's rational thinking pattern before they make a decision, so maintain a rational mindset and your awareness of various unwanted possibilities such as the risk of loss if you do not want to fall into decisions that lead to greed.

maintaining a rational mindset that can sometimes be out of control by traders. especially for traders who trade quite often, with the possibility of certain pressures can make our thinking unclear. trader conditions sometimes force themselves to continue trading. of course the situation can be difficult. but you are right, when a trader can think rationally or at least stay in good emotional control. traders can avoid being greedy in their trading.
traders can plan their trades well, but sometimes in the process traders sometimes get pressure from certain situations. we may not be able to avoid it.

Yes, I can confirm that, or I mean I also quite agree that not all the time a trader can always control every decision he takes, of course there will always be occasional decisions that should not be made, and I think it is quite natural for a human being who has various traits that can be influenced by situations and circumstances that ultimately lead to some unnecessary mistakes, it could be because they have the wrong planning such as trading too often as you said so that it indirectly interferes with their mental and psychological state to become unfocused or feel pressured due to the losses experienced, and this is the reason why trading should not be done excessively. Or it could also be because of other things such as the natural traits possessed by the person such as having an emotional personality so that they fall and are carried away by the flow of wrong decisions, or of course it could also be caused because they are still beginners who do not know many things that lead to risk management. So actually there are quite a lot of things that can make a trader occasionally far from a rational mindset that can interfere with decision making.

Topic: Greed when trading - page 5. (Read 1889 times)