Topic: Know your limits! - page 3. (Read 810 times)
That's true and we should never ever rely on other people's choice. We never know what they are thinking while making the inevstment and what are their plans. On top of that we don't know who is thinking what when they read about the portfolio of sepcific coin etc. There are so many things behind one specualtion and thus we should be attached to our own decisions only. I agree on your conclusion that the trades must be done in our own way and the other way people might think so.
I am very grateful to you for sharing this, it is very helpful to me as a beginner. indeed I need to learn a lot more about this bitcoin, and this is the science that I wait for.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.
This is the common mistake of traders, they forgot to make an exit plan or they may have an exit plan they didnt stick to to. Some have an exit plan but the goal is unrealistic. I agree that HODL is the key to this but theres a lot of temptation to Sell when the price is down or the price is up. Bottom line, don't be greedy, be realistic and stick to the plan.in this cryptocurrency investment we certainly often face the moment of fear of a market that is crash, not satisfied with the 50% profit and always want more. yes, it's true it's all part of human emotions, and that's normal. Then how do we to cope? ie by consistently taking a choice set the take profit point you want and will not sell if the price has not touched your take profit point. As with the stop loss point, you alwo need to set a stop loss point to avoid bigger losses.
I did not know my limits and i hodl my coins too much and i lost 3/2 of them in dollars value. I hope i will get back what i lost and more of them when crypto become more and more usefull.
You can do it mate, thinking about this that not all the time we've been lucky, sometime we've down cause that's the real happening in here. We cant avoid these, we can make a recovery from that if we will never surrender and keep on believing. Doing investment again, maybe this is the moment that you will make gains. One success is a habit and its all downhill, people always being confident and never do some research. The path to success will never be a straight line. We all never learn if we don't have mistakes. But we should aim away from failures for us to succeed. We should have the guts whatever would happen we still continue and keep holding you'll only lose if you sell low.
I have found that sometimes it is better to buy and then forget about it for a few months rather than watching the marktevery day and trying to time short term trades. Many times you will sell too soon or too late or buy too soon or too late. If you buy and hold long term, there is a good chance that you will make good profit considering that this is a new market with a lot of room to grow.
I did not know my limits and i hodl my coins too much and i lost 3/2 of them in dollars value. I hope i will get back what i lost and more of them when crypto become more and more usefull.
If you do not know your limit, then there are more chances that you will lose a lot of your money, because investing money in any business having no limit and proper planning is too much risky, if you want to make money from trading you must have a limit and good strategy for trading or investment.
That's right. Don't easily fall or risk your money to any investments site 'cause you will regrets after for sure. 'actually first thing to do is to learn more about the volatility of crypto currencies so that you can gain enough knowledge and strategy on it. And also always bear in mind that doing investment in crypto is risky so you must invest what amount you can afford to lose.. Perhaps small amount is good for beginners.
Most people know exactly what their limits are but they are totally incapable of sticking to them. As soon as the whiff of fear or fomo wafts up their nose it all goes out the window.
It's not knowledge, skills or shrewdness that defines success, though that's handy of course, it's the total command of your emotions. Very, very few can pull it off. I certainly can't.
It's not knowledge, skills or shrewdness that defines success, though that's handy of course, it's the total command of your emotions. Very, very few can pull it off. I certainly can't.
Commit on one specific for you to succeed, put in your mind that no matter what happen you must stick to the plan. Yes, its not easy but I know you can do it. Limiting yourself is an ideal thing to prevent losses and allows you to maximize the opportunity that you have.
I did not know my limits and i hodl my coins too much and i lost 3/2 of them in dollars value. I hope i will get back what i lost and more of them when crypto become more and more usefull.
You can do it mate, thinking about this that not all the time we've been lucky, sometime we've down cause that's the real happening in here. We cant avoid these, we can make a recovery from that if we will never surrender and keep on believing. Doing investment again, maybe this is the moment that you will make gains. 
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.
This is the common mistake of traders, they forgot to make an exit plan or they may have an exit plan they didnt stick to to. Some have an exit plan but the goal is unrealistic. I agree that HODL is the key to this but theres a lot of temptation to Sell when the price is down or the price is up. Bottom line, don't be greedy, be realistic and stick to the plan.
I did not know my limits and i hodl my coins too much and i lost 3/2 of them in dollars value. I hope i will get back what i lost and more of them when crypto become more and more usefull.
good advice, it's true the desire to keep trying and curiosity never stops, but I also sometimes feel the desire to continue to try regardless of the risks that will occur when trading, perhaps because of my greed that only saw in terms of profit without thinking about the risks , so forget to take into account the decisions that I take, but as time goes by I begin to realize my mistake, I must be able to control greed and think clearly in making decisions, so that I can get better results from trading
In everything we do, we always need to set up our limits so we will still be on track. Every decision is equal to every action. And every action is equal to consequences. So we need to avoid bad decisions, to avoid bad consequences and to make sure we don't regret things at the end. We need to set goals and to make sure we'll reach them at the end.
I quoted just you for your start, this post is about life and everything we do, not just trading. Some characteristics that we humans can have can be good for many things, but to be great in something you need to know yourself to be aware of the tasks that waits you and to know your possibilities and your limits, to never push to hard, don`t run away with first hard moments. Its more then knowing just your limits, its knowing yourself and for what you are capable.
To be honest this is more about psychology of a human character than about economy. If you don`t have some important skills you will not be able to push your way trough the life and become a man. If you know yourself you can be a good at many things.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.
This is the common mistake of traders, they forgot to make an exit plan or they may have an exit plan they didnt stick to to. Some have an exit plan but the goal is unrealistic. I agree that HODL is the key to this but theres a lot of temptation to Sell when the price is down or the price is up. Bottom line, don't be greedy, be realistic and stick to the plan.The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.
This is the common mistake of traders, they forgot to make an exit plan or they may have an exit plan they didnt stick to to. Some have an exit plan but the goal is unrealistic. I agree that HODL is the key to this but theres a lot of temptation to Sell when the price is down or the price is up. Bottom line, don't be greedy, be realistic and stick to the plan. Did you lost everyhting?Do you have a plan about how to recover your capital?
Your tips have little value for us,because so many people have posted the same tips here.Every trader should learn from his own mistakes.Every failure is just another step to success.Just don`t give up and you will start making profits slowly.Why do you post your cryptocurrency portfolio here,OP?There are experienced traders,who can give you some useful tips.
That is correct. Not all mistakes are harmful to us. Some of them are giving us lessons. Because human as we are, can not be perfect. Sometimes we need to stumble and fall inorder to learn to stand again stronger than before. Just try again and you must be smarter this time. Your tips have little value for us,because so many people have posted the same tips here.Every trader should learn from his own mistakes.Every failure is just another step to success.Just don`t give up and you will start making profits slowly.Why do you post your cryptocurrency portfolio here,OP?There are experienced traders,who can give you some useful tips.
Most people know exactly what their limits are but they are totally incapable of sticking to them. As soon as the whiff of fear or fomo wafts up their nose it all goes out the window.
It's not knowledge, skills or shrewdness that defines success, though that's handy of course, it's the total command of your emotions. Very, very few can pull it off. I certainly can't.
It's not knowledge, skills or shrewdness that defines success, though that's handy of course, it's the total command of your emotions. Very, very few can pull it off. I certainly can't.
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