Topic: Indiscipline and Greed (Read 655 times)
But OP what about the people who invested in some projects and the price of the coin never came up after that ? Thee are several cases where some coins have never seen an upward love .
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.
it really is, it is difficult for us to be able to maintain the profits we have gained from our trade while we are obsessed with greater profits and we have a greedy attitude of course, because all of that will only make us will lose greater than our profits, and discipline is indeed very important in trading, but to not have a greedy attitude is not an easy thing for day traders.
If you don't have a way and strategy, you will always get unsuccessful. As you know there is no chance to make a good profit without the knowledge and as you above mentioned discipline. For me, the best trader is who follows others and of course, learns from others' experiences, but in the end he must decide only himself, and as l mentioned he needs to have any plan, it is just so pity to make the same as others.
maybe more precisely is learning from others. however, we need to learn about new, correct information. Prioritizing greed and undisciplined will only make people rush to make decisions, and that sometimes backfire for themselves.
Many a trader make a profit on a particular day and then lose them all the very next day and then repeat the cycle, almost akin to making wild guesses. Professional traders are plan their trade right before hand and make a exit strategy both to take profits and to cut losses
Discipline is what most people lack when they are trading. It’s always difficult for them to control themselves and manage the little profits they have made. .....
Although difficult, this discipline can be trained. To overcome greed, we must prepare an open heart and always be grateful for what we get. Often, this greed can disrupt the analysis, even though we already know the correction will come when approaching resistance, but because it is driven by a sense of wanting to get more profit then we force it to enter the market. If we end up losing, we can only regret it. This is an important experience, I think all traders have experienced it.
If you don't have a way and strategy, you will always get unsuccessful. As you know there is no chance to make a good profit without the knowledge and as you above mentioned discipline. For me, the best trader is who follows others and of course, learns from others' experiences, but in the end he must decide only himself, and as l mentioned he needs to have any plan, it is just so pity to make the same as others.
Without self discipline there will always be greed. Trading is a risky deal like betting, so when people trade and make profit, they will be eager to make more profits and they jump in again, eventually they might get burnt and loose all their investments. So there is need for self discipline to know when to really stop.
Some people are already good at it, no doubt about that, but there are some that have not learnt the act of trading and because of their unnecessary attitude towards it, they are not careful in making some decisions. If you are not a trader, you can just sell or buy once and leave, coming back another day, when the situation looks favourable again. A learner should never compare himself or try to compete with a professional. 
Discipline is what most people lack when they are trading. It’s always difficult for them to control themselves and manage the little profits they have made. .....
Although difficult, this discipline can be trained. To overcome greed, we must prepare an open heart and always be grateful for what we get. Often, this greed can disrupt the analysis, even though we already know the correction will come when approaching resistance, but because it is driven by a sense of wanting to get more profit then we force it to enter the market. If we end up losing, we can only regret it. This is an important experience, I think all traders have experienced it. 
Greed is very noticeable in cryptocurrencies. As you write, the first good deal and comes up with the idea - to have even more. But I think it stems from human character and it happens in other situations as well, not only in cryptocurrencies.
Unless one solves this negative within oneself, greed will reappear. Certainly, you need to be disciplined and trained in this direction. In conclusion, we are just people and everyone makes some mistakes. The positive is that we can fight greed and improve.
Greed also manifests itself in many other ways, one of the most common is that people want to obtain incredible profits out of a coin instead of having more realistic targets, for example the market volatility could allow a good trader to probably obtain 5% profits each month, which is huge compared to other markets in which anything above 10% per year is outside of what most traders can achieve, but there are many people that want to obtain 100% each week and this leads them to take too many risks and eventually lose everything they have. Unless one solves this negative within oneself, greed will reappear. Certainly, you need to be disciplined and trained in this direction. In conclusion, we are just people and everyone makes some mistakes. The positive is that we can fight greed and improve.
Greed is a human nature and it's understandable, yes and at the same time, it is avoidable as long as you know how to control yourself and your emotions. It is really a good feeling when you start making profit in tradings, it is so addicting that leads you to trade and trade as much as you can in a day that on the other hand may also lead to loss of profits or worse even your capital. So yes, you need to have discipline and stop being greedy in order to be a successful trader.
Discipline is what most people lack when they are trading. It’s always difficult for them to control themselves and manage the little profits they have made. After they have made their first profit they will still like to go further and make more profit and most times it doesn’t work out for them, and they end up losing their money. It gets even worse when they decide to go further to recover their losses, instead of regaining their money back, they will end up losing even more money.
So, every trader needs to learn how to discipline themselves and avoid being greedy when they are trading. I believe I was also not discipline while trading until I make use of suggestions made my professional traders in our trading discussion board. There are lots of useful discussion are available there for any trader to make use of.
So, every trader needs to learn how to discipline themselves and avoid being greedy when they are trading. I believe I was also not discipline while trading until I make use of suggestions made my professional traders in our trading discussion board. There are lots of useful discussion are available there for any trader to make use of.
Trading cryotocurrencies is not so easy but very profitable.
This is in every way wrong. Trading is known to be a risk investment where most people that has no clue about it lose. Only few people make profit with good strategy. Manipulation could also make a trader lose money.
Greed is very noticeable in cryptocurrencies. As you write, the first good deal and comes up with the idea - to have even more. But I think it stems from human character and it happens in other situations as well, not only in cryptocurrencies.
Unless one solves this negative within oneself, greed will reappear. Certainly, you need to be disciplined and trained in this direction. In conclusion, we are just people and everyone makes some mistakes. The positive is that we can fight greed and improve.
Unless one solves this negative within oneself, greed will reappear. Certainly, you need to be disciplined and trained in this direction. In conclusion, we are just people and everyone makes some mistakes. The positive is that we can fight greed and improve.
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.
Without proper strategy to trade, there will be losses every day. A good trader will never take a random trade, they follow risk management well. Most traders make losses because of their greed and emotions. This requires creating your own strategy and applying it to the market. Taking a target of a certain amount of profit and using stoploss in order to protect the fund in sudden market movement. However, it requires a good knowledge of trading.
Without self discipline there will always be greed. Trading is a risky deal like betting, so when people trade and make profit, they will be eager to make more profits and they jump in again, eventually they might get burnt and loose all their investments. So there is need for self discipline to know when to really stop.
Nice strategy, I also think that after a successful trade, no matter the amount of profit, once should be able to close the trade for the day and think of better ways to enter the market,but this can't be the same for everyone as different folks have their own strategy and what works for them.
If you get profit, don't be greedy, stay patient in trading. Do not use all available funds, make a good profit withdrawal and re-use the initial capital to trade.
Indiscipline and greed are two reasons why most bounty hunters work hard and receive 0 stakes, because they have refused to read the bounty instructions due to indiscipline.
It also applies to trading and investment, but it goes a long way.
Our character are always a reflection of what we put into the society.
many cases that often occur like this but usually bounty campaign participants do not get a stake because in my opinion there may be unfinished tasks and may not follow the rules, while for investment and trading it has very different properties, only people who can control his patience which will succeed in investment and trading while people who are greedy and easy to panic only get a loss. It also applies to trading and investment, but it goes a long way.
Our character are always a reflection of what we put into the society.
Indiscipline and greed are two reasons why most bounty hunters work hard and receive 0 stakes, because they have refused to read the bounty instructions due to indiscipline.
It also applies to trading and investment, but it goes a long way.
Our character are always a reflection of what we put into the society.
The rules in the bounty program usually change, did you already know that? about KYC, if the first bounty program says No KYC, and after the bounty ends KYC is needed, and some people don't realize it, then they won't get a prize, I've experienced it. I think that indiscipline must go along with clear rules It also applies to trading and investment, but it goes a long way.
Our character are always a reflection of what we put into the society.
Indiscipline and greed are two reasons why most bounty hunters work hard and receive 0 stakes, because they have refused to read the bounty instructions due to indiscipline.
It also applies to trading and investment, but it goes a long way.
Our character are always a reflection of what we put into the society.
It also applies to trading and investment, but it goes a long way.
Our character are always a reflection of what we put into the society.
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%.
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 
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.
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.
It looks pretty easy to do but it is really hard to execute when it comes to personal behaviour. Because unconciously people are doing such stuff continuously disregarding the idea of what they already had then totally forgetting what's on their pocket already on their consecutive trade. And later will regret it when they run out of funds, and will realize that they even used the supposedly profit they should have. Well, blame is for 'em all because no matter what advices we spit out here if they won't take any action with that, if they will be indisciplined still then nothing would work here. 
Most traders are not disciplined in the problem of holding a coin. sometimes we panic so quickly and are quite unstable in choosing coins. in addition, greed is also one of the causes of profit failures, even large losses. I think a lot of successful traders out there because they have applied discipline, and not so greedy to achieve profits.
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.
You are right. If we are indiscipline and we are greedy, it will never have a good and positive result trading, and in our life. We must learn to be contented if there is anything given or anything gained. Give chance to others and luck of the first trade may not be the same luck on the next trade you've made. Stop after 3 wins or 3 losses in a day. You are nit rich enough to lose all your money nor not poor enough to still want more after you win.
besides cryptopun in the world of indiscipline and greed will have a bad impact on people doing money, therefore it is worth avoiding. In the world of cryptopun it really needs to watch out for, with what has been achieved before, if the disdain and greed occur, then it will be in vain what you have built so far. Think positive and wise
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 totally agree with you. In other to remain in profit in the crypto currency sphere, there's a sincere need to be diciplined, stick to principles and avoid greed.
Because once emotions and get Rich quick gets into position with us as trader, there's a prone to make unnecessary errors and loses.
Always dyor
Mostly greed is what my emotions tells me.
I will just find it out after I lose all the profit that I made.
Just like they say you will regret it only at the end.
I don't regret the experience though. Somehow I learned something and made me think of what should I do the next time I am in the same situation.
Better to also make it happen. But the foolish move is to not learn anything from what you have done.
I will just find it out after I lose all the profit that I made.
Just like they say you will regret it only at the end.
I don't regret the experience though. Somehow I learned something and made me think of what should I do the next time I am in the same situation.
Better to also make it happen. But the foolish move is to not learn anything from what you have done.
A normal trading activities entails that you take what you have gained and continue to trade with your main fund, you can continue with your trade. With time, you would have realized from your profit, all that you initially started with and may have gained more. Also, trading can not be the same at all times or better still, cannot bring much yield at all times, you should know that. you might also lose at some times, so, the profit you made earlier will help you coverup for any loss in future.
The ability of technical analysis and fundamental analysis must be possessed by a trader but all of it will be of no use if they are
not disciplined in implementing trading strategies and do not have the ability to control emotions.
If we are disciplined in implementing the trading strategies that we have designed without involving feelings such as fear or greed,
we will not be victims of the market.
not disciplined in implementing trading strategies and do not have the ability to control emotions.
If we are disciplined in implementing the trading strategies that we have designed without involving feelings such as fear or greed,
we will not be victims of the market.
It depends on the trading strategy, I don't care about making big money in 24hrs, all I do is buy dip and sell high, sometimes it takes a single day and sometimes it takes weeks, just wait for the time to come again
Absolutely, we need to have a strategy in this market. If we set a goal of earning profit every day, we will surely make mistakes. Because the market changes every day and sometimes the market collapses and we will not be able to make a profit with it, just buy low and sell high in this market.
while you are ready to accept the risk, in my opinion there is no problem trying to continue trading every day when it gets maximum results.
it all depends on luck and the choices we make.
it all depends on luck and the choices we make.
If human can control greed no one will want more, if you make a good buck today you will definitely want more tomorrow, rich people even want to get richer so tell me how can we control greed? It's impossible, I want a good life is why im in crypto space today
A rich man once said ' be greedy when others are fearful', greed is a tool on its own, it's just that people use greed wrongly, if you use it right it will favour you
A rich man once said ' be greedy when others are fearful', greed is a tool on its own, it's just that people use greed wrongly, if you use it right it will favour you
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.
Thats why we can say that trading is somehow similar to gambling because even we already earn, our mindset is not contented with what we already have and causing to open another trade then facing a mistake and lose the money. However if you have discipline and know your goal, you can prevent yourself for being greedy. So it depends how you control your emotions to not become a kind of trader that has no plan and strategy to follow.
Trading is more like gambling, the risk is more like investing in other coins but if we can only gamble with little money we can afford to lose we won't feel hurt but be reminded that without failure there will be no success, failing is the right path
In trading, we need to be smart enough and don't make sudden actions without thinking or planning it. And one of the common factors that affects our thinking in trading negatively is when we let our emotions and greed control over us. When greed comes, we only think of earning high profits at short span of time and that's the reason why some people end up losing instead of earning profit. Also one thing in trading, we shouldn't rush ourselves with earning because there's a right time for that.
Just an addition, proper doing of analysis will help you to avoid loses and at the same time, it will help you earn good profit. And aside form proper knowledge in trading, we also need proper control with ourselves to aim our goals.
Just an addition, proper doing of analysis will help you to avoid loses and at the same time, it will help you earn good profit. And aside form proper knowledge in trading, we also need proper control with ourselves to aim our goals.
That's why we're always advised to trade and invest what we can afford to lose so we'll never have huge regrets in the future. It's just a matter of self-control. Controlling our urge and emotions will be a big advantage because our future situation in crypto world will depend on our current decision making. Knowing how to deal with the market and continuously learning about the basics of trading is also important.
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.
This must be very basic requirement of success in trading. Some traders do have limit for their number of trade per day or how much they may lose per day but not for profit per day. When you limit yourself on both losses or profits within a day basis then you can avoid such problems. All these are just based on how good we are with our emotion control capabilities. Emotional things will be under our control over the experience and not just from the beginning.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 discipline will hep eliminating such incidents. We need some plan and must follow that plan all the times regardless of exciting or frustrating situations. 
if we do not make mistakes then we do not develop ourselves. in trading, it works very well. if you made a mistake and did not analyze it, then be prepared to lose money again and this will happen until you learn not to make the same failure
What if after a successful trade, the person opens up a new trade and is still successful in it, would you still call the person greedy or would you say such person is lucky for that particular day. I just gave this illustration to show you how two sided trading can be.
I know many time and again people get too confident and maybe forget about caution when trading, it can have a really unpleasant outcome. But for me as long as you're investing what you can afford to lose then there's no problem with that, just stop when your losses are now accumulating or exceeding your limits.
I know many time and again people get too confident and maybe forget about caution when trading, it can have a really unpleasant outcome. But for me as long as you're investing what you can afford to lose then there's no problem with that, just stop when your losses are now accumulating or exceeding your limits.
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.
True words you have said and it can't be argued whatsoever. Greed has done more harm than good to traders, I have seen traders who regret entering one trade or the other and when asked, I found out they didn't analyse well before entering, and what really caused this? The entered because it looks profitable and the profit from past trade was available so it was easy to enter, what if the profit was in another wallet, maybe they might have a changed mind. Having a target is one thing and sticking to it is another, so I think traders should be disciplined, once gotten the target for the day exit the market, rest, analyse and come back another day, there are many coins and there will be Opportunities everyday.
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.
Not just in trading but also in other things like gambling and investment.Greed and indiscipline is mostly the root of our loss,
If we couldn't control it then for sure it would only cost us more loss in the future.
When you have made enough money, it's better to call it a day and wait for another day of opportunity.
From this one problem came, " enough " is definition high profit. When people decide target, mostly is not realistic and want revenge when fails, totally wrong. People always have greedy and lazy but disciplines can be train to solve the problem. Using demo account, making trading journal and share experience with expert is how to do that. Have limit and don't break it, your future is depend what your act today.
Discipline is a must whether you are a trader or investor.
This attitude is very important to control yourself and avoid further losses. Without discipline and you're just letting your emotions move you, you will have a bad ending and you will be disabled to control greed.
Without which, you will always end up losing even though you're pursuing yourself to make money.
This attitude is very important to control yourself and avoid further losses. Without discipline and you're just letting your emotions move you, you will have a bad ending and you will be disabled to control greed.
Without which, you will always end up losing even though you're pursuing yourself to make money.
I'm curious to know what advise would you give to the traders who already suffered losses in their first trade. Would you tell them to stop and wait for the next day or will you encourage them to trade more until they recovered their losses and made profits?
I like the one comment above about planning and implementation. Stick to your trading plan whatever the result is.
I like the one comment above about planning and implementation. Stick to your trading plan whatever the result is.
Perhaps, stop for a while will be better because if he continues, I am afraid he has a high tension to recover his losses, and that can make him make a wrong analysis related to the current market. Besides that, he needs to learn more about analysis so he can do better than before, and he needs to avoid greed when he can make a profit.
When we trade, it is normal if we get lost, but we need to hold ourselves before we decide to continue or stop trading. If the market still has the right movements, we can continue to trade, but if it's not, it is better to leave the market until the situations change. The important thing is we can analyze the price to buy and sell, and stop trading so we can prevent worse conditions.
This is what most new traders problem they are too greedy that even if they already have a profit they wouldn't take it and wait for a higher profit,
Then the price would start to decline and they would still continue to hold until they no longer have profit and their capital is already decreasing.
Then the price would start to decline and they would still continue to hold until they no longer have profit and their capital is already decreasing.
I'm curious to know what advise would you give to the traders who already suffered losses in their first trade. Would you tell them to stop and wait for the next day or will you encourage them to trade more until they recovered their losses and made profits?
I like the one comment above about planning and implementation. Stick to your trading plan whatever the result is.
When we fail we must stand up again until we defeat but newbies of today don't even bother to learn trading first, there is a difference here, the loss won't be huge if the learn first, those who don't learn first always trade recklessly I like the one comment above about planning and implementation. Stick to your trading plan whatever the result is.
Not indiscipline but lack of knowledge or wanting to know more,that's what makes many lose money in trading, for a new beginner I expect learning the basics first before giving a try
I'm curious to know what advise would you give to the traders who already suffered losses in their first trade. Would you tell them to stop and wait for the next day or will you encourage them to trade more until they recovered their losses and made profits?
I like the one comment above about planning and implementation. Stick to your trading plan whatever the result is.
I like the one comment above about planning and implementation. Stick to your trading plan whatever the result is.
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 what most of the newbies are lacking, they are very greed to earn a huge amount of profit in a very short period of time therefore they keep on trading even if they are already profiting until they will end up losing also their capital. I fully agree with you, greediness,no discipline and no patience will make your trading experience much worst especially if you are not yet in the professional level. If they can just learn from their mistakes, like they create a mistake today and they will always put it in their mind and not to do it again then there will be more successful traders in crypto world.
That is your weak control of your emotion that is at play when you are Indiscipline and Greedy.
As you try to invest or trade, you go with the planning first, then next stage is implementation, then you just follow the plan, if you can't that means you follow your emotion and that would certainly lead you to loses.
As you try to invest or trade, you go with the planning first, then next stage is implementation, then you just follow the plan, if you can't that means you follow your emotion and that would certainly lead you to loses.
Agreed.
Planning is really important in Crypto trading. You first of all think things through, develop strategies and apply the best ones to your trades. It is important to consider how much profit is enough, when to enter the market and where to apply your stop lose. If you properly consider this things, you will realize that small regular profits are safer than aiming for big ones. You could still aim for big profits if you are sure of your yourself. Not recommended for inexperienced traders though.
If you think crypto trading is that risky then compare it to binary trading, the difference is marginally, in crypto trading if you make the wrong call you will end with fewer satoshis, not losing the entire chocolate box that happens in binary trading
That is your weak control of your emotion that is at play when you are Indiscipline and Greedy.
As you try to invest or trade, you go with the planning first, then next stage is implementation, then you just follow the plan, if you can't that means you follow your emotion and that would certainly lead you to loses.
As you try to invest or trade, you go with the planning first, then next stage is implementation, then you just follow the plan, if you can't that means you follow your emotion and that would certainly lead you to loses.
Usually greed is what drives people to the abiss... what makes them gamble away all their possessions, what makes them fall into scams or burn their trading profit ...
People are greedy by definition and in the end the desire to get more money will overcome everything else ...
Controlling these emotions will go a long way when trying to become a sucessfull trader
People are greedy by definition and in the end the desire to get more money will overcome everything else ...
Controlling these emotions will go a long way when trying to become a sucessfull trader
Trading is very profitable, I've seen experts doubling their BTC with trading but I get burnt when I tried it out myself, it's better to learn how to trade very well before jumping in or you lose your money easily, it's too risky for someone like me
It depends on the trading strategy, I don't care about making big money in 24hrs, all I do is buy dip and sell high, sometimes it takes a single day and sometimes it takes weeks, just wait for the time to come again
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.
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