Topic: Indiscipline and Greed - page 2. (Read 655 times)
I don't agree with the topic. OP treats indiscipline and greed as different parameters, when the reality is that both of them are closely interlinked. In most cases, indiscipline results from greed. The player may have defined stop-loss and profit booking targets earlier. But once he gets carried away as a result of greed, these targets are no longer maintained. And in most cases, this results in complete financial ruin for the player.
Too much greediness can cloud a sound judgment as to when to sell and make the maximum profit. It is always good to set a price target to serve as a guide. Once that price is reached, attain discipline to make the right choice. It takes discipline to overcome greediness.
While being a holder requires a strong mentality and patience. That is why the profit gained is proportional to their energy and strong stance.
New projects will not be able to make you earn money by holding it in for long periods because new projects have more junk projects appearing compared to really good projects, hold coins from the top 20 market capital projects, otherwise sell as soon as possible, or you will lose your money.
What your say is indeed true for most of the trade. Being a good trader is when you know you had enough and call it a day. Even a lot of people don't like but I saw a similar on both crypto trading and gambling. Blindly by your greed could cost you a fortune.
Trading cryptocurrency required good money management, if we get floating in minus we can relax to wait for it becomes a profit or minimum get BEP, also if we have trading plan we can buy again when its down below ex: 10% from our first bought price.
Always use your standard operational when you will trade, its make you get more discipline, then set your profit goal and stop-loss on level that you accept it. Don't be greedy, when its enough for you then exit from the market, we have tomorrow with limitless opportunities.
You're right its important to have a plan so we have a guide to follow and know when to stop loss. Greed is often the reason why we are losing our profit even we already had an opporunity because we are aiming for bigger profit which is not right. We need discipline in order to do it right and set aside our emotions so we can decide base on whats right and not because of how we feel. Always use your standard operational when you will trade, its make you get more discipline, then set your profit goal and stop-loss on level that you accept it. Don't be greedy, when its enough for you then exit from the market, we have tomorrow with limitless opportunities.
Trading cryptocurrency required good money management, if we get floating in minus we can relax to wait for it becomes a profit or minimum get BEP, also if we have trading plan we can buy again when its down below ex: 10% from our first bought price.
Always use your standard operational when you will trade, its make you get more discipline, then set your profit goal and stop-loss on level that you accept it. Don't be greedy, when its enough for you then exit from the market, we have tomorrow with limitless opportunities.
Always use your standard operational when you will trade, its make you get more discipline, then set your profit goal and stop-loss on level that you accept it. Don't be greedy, when its enough for you then exit from the market, we have tomorrow with limitless opportunities.
Indiscipline and greed is one of few reasons why several investors and traders get rekt on the market space.
It is also a reason why Bounty hunters make rash decision and promote fake projects.
Indiscipline and greed also affects project developers and this is a reason why most times there are exitscam.
Do your own research to the best extreme and keep your investment save
Greed is a psychological factor that often undermines analysis. A trader must really be able to do emotional management in trading, otherwise, it will produce the wrong actions.It is also a reason why Bounty hunters make rash decision and promote fake projects.
Indiscipline and greed also affects project developers and this is a reason why most times there are exitscam.
Do your own research to the best extreme and keep your investment save
if only moving based on "feelings" is not good at trading. Especially if trading is based on the opinion of another person, FOMO, it is very fatal.
Especially if trading is based on the opinion of another person, FOMO, it is very fatal. A trader must dare to experiment and change the strategy if the market movement is not as expected. Of course, such a thing cannot be done by traders moving based on other people's analyses.
Indiscipline and greed is one of few reasons why several investors and traders get rekt on the market space.
It is also a reason why Bounty hunters make rash decision and promote fake projects.
Indiscipline and greed also affects project developers and this is a reason why most times there are exitscam.
Do your own research to the best extreme and keep your investment save
It is also a reason why Bounty hunters make rash decision and promote fake projects.
Indiscipline and greed also affects project developers and this is a reason why most times there are exitscam.
Do your own research to the best extreme and keep your investment save
New projects will not be able to make you earn money by holding it in for long periods because new projects have more junk projects appearing compared to really good projects, hold coins from the top 20 market capital projects, otherwise sell as soon as possible, or you will lose your money.
In fact this is so, we must have the right strategy and analyze it well to get the right timing. We'll see IEO held in a trusted exchange, ROI was achieved but some time later the price dropped significantly again.If we don't choose the right time then the profit will only be a dream.
While being a holder requires a strong mentality and patience. That is why the profit gained is proportional to their energy and strong stance.
New projects will not be able to make you earn money by holding it in for long periods because new projects have more junk projects appearing compared to really good projects, hold coins from the top 20 market capital projects, otherwise sell as soon as possible, or you will lose your money. 
I sort of understand people who are impatient and sell right away because those people breed themselves, you sell because others sell and others sell because you sell and vice versa constantly until there is no more coins to sell from those people. I do not believe it should be like that, but as long as some people keep selling, others will follow those people as well.
That's what happens to people who don't do independent analysis and don't have a trading strategy. They are easy to follow what people say, drift in the middle of market waves and cannot control their boats. Often enter the market because of FOMO, when their losses are grumbling, when they want to profit more profit and enter the market again even though the opportunity is small, greed can destroy the profit gained.One thing however is for sure where people who wait will wait, no matter how low it gets, no matter how horrible situation looks, some people are not greedy, they are investors who think longer term. Those people end up with the big bucks most of the time but there is also coins who just die, and at that moment the people who sold right away make a lot more profit whereas people who waited lost on the chances.
While being a holder requires a strong mentality and patience. That is why the profit gained is proportional to their energy and strong stance.
yes ... because most of the traders who are getting large profits will feel satisfied with what they have gotten. so this will cause carelessness for us if we do not think about the losses that have befallen us in the previous trade
I sort of understand people who are impatient and sell right away because those people breed themselves, you sell because others sell and others sell because you sell and vice versa constantly until there is no more coins to sell from those people. I do not believe it should be like that, but as long as some people keep selling, others will follow those people as well.
One thing however is for sure where people who wait will wait, no matter how low it gets, no matter how horrible situation looks, some people are not greedy, they are investors who think longer term. Those people end up with the big bucks most of the time but there is also coins who just die, and at that moment the people who sold right away make a lot more profit whereas people who waited lost on the chances.
One thing however is for sure where people who wait will wait, no matter how low it gets, no matter how horrible situation looks, some people are not greedy, they are investors who think longer term. Those people end up with the big bucks most of the time but there is also coins who just die, and at that moment the people who sold right away make a lot more profit whereas people who waited lost on the chances.
Greed is ruining our ranks. This applies to traders in the same way as a game in a casino. You must be able to be calm and be able to stop in time. It always seems that this does not concern you, but it is a law of nature, greed is punishable. Everything needs to be carefully thought out and studied, and then done.
yes as you have explained above we can conclude that trading is not always profitable and vice versa. people easily lose because they cannot be patient or greedy in taking high profits. I also learned from previous experiences
I think most traders are aware of the problem you raised, but to really control greed and discipline is a difficult process, many will give up right from the first step. .
As you said, it's a process. As long as you went through that process and realization, you'll start to take notice of it and you might not do that mistake again. Unless you're too hot and you become aggressive with your trades, then nothing can stop you even yourself. Being aggressive is the reason why some traders are losing despite having the qualities and experiences that's enough for them to avoid such mistakes.
Did this before with one of my tokens from bounties.
It was not just enough for me when I sold it.
I want more.
There's a reason behind it. Before I sold the tokens I am trying to monitor the way it moves and it is swaying hard.
Maybe that is why I had the idea to buy and sell it without thinking of losing more.
I lose half the value of it and concede.
Telling yourself it is enough is a difficult task.
It was not just enough for me when I sold it.
I want more.
There's a reason behind it. Before I sold the tokens I am trying to monitor the way it moves and it is swaying hard.
Maybe that is why I had the idea to buy and sell it without thinking of losing more.
I lose half the value of it and concede.
Telling yourself it is enough is a difficult task.
its difficult to tell yourself enough when you are winning as well. and then you will try again even when obviously there is no sign that the market will move somewhere.
i have done these many times. i often find myself asking why did what i did and then cancel the order and look back again to continue the same position i once cancelled.
i eventually learned after numerous mistakes i did but that is after losing more of it.
Did this before with one of my tokens from bounties.
It was not just enough for me when I sold it.
I want more.
There's a reason behind it. Before I sold the tokens I am trying to monitor the way it moves and it is swaying hard.
Maybe that is why I had the idea to buy and sell it without thinking of losing more.
I lose half the value of it and concede.
Telling yourself it is enough is a difficult task.
It was not just enough for me when I sold it.
I want more.
There's a reason behind it. Before I sold the tokens I am trying to monitor the way it moves and it is swaying hard.
Maybe that is why I had the idea to buy and sell it without thinking of losing more.
I lose half the value of it and concede.
Telling yourself it is enough is a difficult task.
I think most traders are aware of the problem you raised, but to really control greed and discipline is a difficult process, many will give up right from the first step. .
Trading cryotocurrencies is not so easy but very profitable. majority find it difficult to retain their profit after a successful trade which is mostly caused by greed and indiscipline. When you have made enough money, it's better to call it a day and wait for another day of opportunity. Instead, indiscipline will make you open another trade to make more money which is what usually lead to losing the profit you already made from your first trade. Anyone can make this mistake and the most important lesson is to learn from our past mistakes because the mistakes are the lessons.
Being greed is one of the negative behavior that shouldn't apply to all individual traders. But we can't still people who are always depend of quick earnings, but if we are all have a self-discipline and willing to wait at the right time to sell the coins We hold, for sure in the end we will get what we want to achieve 100%.
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