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.
Actually I think you are right, I was able to make good 400$ profit from trading with BTC/USDT pair on KUCOIN, I was so happy I got to that stage, instead of pulling out my profit greed get hold of me and I place another order, unfortunately I lose it all, I ended walking away with 10$, Greed is really not easy to beat but you just need to do it so that you can progress 
Topic: Indiscipline and Greed - page 3. (Read 655 times)
There are people who just received their coins or tokens are selling it instantly for small price especially newbies who lacks discipline for holding it. That is one of the cases why the price of it is dropping. We must avoid our greediness for a small amount of profit to gain much more in the near future.
now people don't care about the price, if you follow the bounty or airdrop then you will sell it when your token has been distributed, this is not his fault, but this is a tradition
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.
Yes I think that you are right because I know that persistence here in cryptocurrencies can bring you into somewhere and if you have knowledge and experience and patience in everything that you are doing and I think that it will be great because you are gonna earn so much here in cryptocurrencies and I think that you don't need to be greedt but you need to focus on your own earnings and don't let others think that you are earning low but you need to use that as a inspiration because you need to earn for yourself and don't think what others are saying to you and focus on yourself. 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.
Trading in my opinion is not suitable for everyone. Only people with discipline and not greedy can last long. With price movements high enough, I think trading also requires thorough technical or fundamental analysis
It is for everyone as long as you are capable of reading the chart or cadle stick to predict your entry. But being greedy or indiscipline depends on person who are making trades. It is like a gamble if you are winning then all you think is go all in until you lose your profits, even getting carried out your capitals.
There are people who just received their coins or tokens are selling it instantly for small price especially newbies who lacks discipline for holding it. That is one of the cases why the price of it is dropping. We must avoid our greediness for a small amount of profit to gain much more in the near future.
I agree that if you have already received profit today in cryptocurrency trading, then it is better to relax and think out a strategy for the next day, and of course, each trader has his own strategy and plans, so all traders have different profits and different money losses.
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.
Trading in my opinion is not suitable for everyone. Only people with discipline and not greedy can last long. With price movements high enough, I think trading also requires thorough technical or fundamental analysis
Once I earn a reasonable amount of profits I usually close my trade percentage of profits earned notwithstanding I knew that more opportunities still is ahead.
Many traders especially newbies don't know that correction in price of cryptos is usually massive and can take a large chunk of already earned profits.
Greediness and emotions are major factors responsible for many losses experienced by new traders, however the OP had made salient idea on how to prevent them.
Many traders especially newbies don't know that correction in price of cryptos is usually massive and can take a large chunk of already earned profits.
Greediness and emotions are major factors responsible for many losses experienced by new traders, however the OP had made salient idea on how to prevent them.
Greed can take away everything if we are not careful or make you regret as well, although am not a trader but I do know what it means for someone to learn to exercise patient especially in crypto space,
few days back I bought some few bch as the price was down a bit, I waited few days to sell and gain some profit, now am patiently waiting if price will go down a bit so I can buy back.
Patient is key to virtually everything we do.
few days back I bought some few bch as the price was down a bit, I waited few days to sell and gain some profit, now am patiently waiting if price will go down a bit so I can buy back.
Patient is key to virtually everything we do.
This is one of the reason why I stopped doing trade, you have to lose first before you can realize profit and even if you want to have fun trading you can't because you are looking at a lot of chart and you need a good timing I cannot compare it to gambling because I'm ok with gambling because I am not after a win or profit just for fun something it's hard to do on trading.
If you like instant gratification, trading is not for you.
And trading activities can only be liked by people who like to manage money, have assets and people who like arithmetic.
Because a trader must have a long-term perspective
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.
Greed is indeed unstoppable for people who wanted more. You cant advise people like those to change easily especially when they are already hook with their prime habit of earning. Yes trading is riskier than any business out there and making money isnt bad as long you control and use your sense with confidence. Many people dont realize how much money they giving away from the market and these money are taken advantage by those experienced one.
Greed is human nature so for those who want more, they will really find ways to get more. Up until it is not in favor on them anymore. If a trader wants an assurance, he will be more conservative in buying and selling. But sometimes, if you are already in the process of selling and buying, the adrenaline rush is there and sometimes you don't know where to stop. But for those who will lose big amount money, that's when they will learn their lesson.
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.
I support you... a lot of people make monies or rather profits from their trades but end up losing all dues to greed and indiscipline. When it comes to cryptocurrency trading one needs to be extremely careful and shun greed at all cost. Otherwise one could lose a whole profits plus capital invested.
So we know that indiscipline and greed will take part in trading, especially if we can make a profit. We can forget the time to stop trading because we want to get another profit, then that can make us make a wrong analysis related to the current market. We can miss something from the market because of our greed. The market itself will move from low price to high price, and that will move to another price so we need to know if we can still trading or not.
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.
Greed is indeed unstoppable for people who wanted more. You cant advise people like those to change easily especially when they are already hook with their prime habit of earning. Yes trading is riskier than any business out there and making money isnt bad as long you control and use your sense with confidence. Many people dont realize how much money they giving away from the market and these money are taken advantage by those experienced one.
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.
I support you... a lot of people make monies or rather profits from their trades but end up losing all dues to greed and indiscipline. When it comes to cryptocurrency trading one needs to be extremely careful and shun greed at all cost. Otherwise one could lose a whole profits plus capital invested.
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.
This is one of the reason why I stopped doing trade, you have to lose first before you can realize profit and even if you want to have fun trading you can't because you are looking at a lot of chart and you need a good timing I cannot compare it to gambling because I'm ok with gambling because I am not after a win or profit just for fun something it's hard to do on trading.
Well, the vast majority of traders enter the market with absolutely no training whatsoever simply because they believe that the market will always be bullish.
However, most traders soon enter the market and find that they lose money, because it isn't as easy to trade cryptocurrencies as it first appears. Instead, they would have actually made more money if they just adopted a buy and hold mentality rather than attempting to trade.
People seem to have the delusion that cryptocurrencies are easier to trade than traditional assets, and as such, people don't need any financial understand or education whatsoever to jump into the market.
These people soon find themselves rekt when they realize they're up against automatic trading algos and hedgefunds that absolutely destroy small fry plebs with no understanding of economics.
However, most traders soon enter the market and find that they lose money, because it isn't as easy to trade cryptocurrencies as it first appears. Instead, they would have actually made more money if they just adopted a buy and hold mentality rather than attempting to trade.
People seem to have the delusion that cryptocurrencies are easier to trade than traditional assets, and as such, people don't need any financial understand or education whatsoever to jump into the market.
These people soon find themselves rekt when they realize they're up against automatic trading algos and hedgefunds that absolutely destroy small fry plebs with no understanding of economics.
Most traders will most likely go for higher % of profit people are not getting contended when of what they are getting. One main problem too is jealous, I've seen many people who lose their money in trading by jelous because they saw someone who earn more money than them they aimed to surpass it and just ended up them losing more money.
We traders should have a qouta that we should follow so we can climb easy and steady.
We traders should have a qouta that we should follow so we can climb easy and steady.
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.
Human nature, you want more money, but you don't know that the more you chase it, the more likely you are going to end up with nothing. This is so true in crypto trading.
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.
And we do hope that crypto traders are going to learn from this expensive lessons. You need to be cautious and think of your every move, otherwise one mistakes will make that profit go away. And then you chase it, resulting in more losses until such time that you can't get out already.
This are two emotions that people need to control if they wanted to stay long in the game and profit more.
However, it is very hard to do so, specially if you are in a winning ways and you felt that every trade you made will make you a lot of money. - Greed
And doing so, you don't think logically, your decisions are clouded, you think you have total control of it, and it the end, you didn't know when to get out. - Indiscipline.
However, it is very hard to do so, specially if you are in a winning ways and you felt that every trade you made will make you a lot of money. - Greed
And doing so, you don't think logically, your decisions are clouded, you think you have total control of it, and it the end, you didn't know when to get out. - Indiscipline.
That's what I always say to my friends who want to learn trading: this is not an easy thing and can bring instant wealth, it takes process, learning, mental training and patience. Often, because of greed, forcing to enter the market again and it turns out after that the price movement is not as expected and the previous profit disappears. When trapped the market also must have a strong mentality, must be prepared to lose because often the analysis does not match reality.
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