Topic: Near success syndrome in trading. - page 2. (Read 426 times)
There are lots of people for sure that have got into the same situation after gaining their first profit through trading is that they are putting extra into their first capital into the thinking that double the capital will gain double the rewards. It must just come into the wrong move that people will be making is to think it will apply all at the consecutive time having no precautions and putting all your capital all at the same point wanting for that double reward and gain can really lead to loss and that is very awful for many have underestimated on how market changes having them losses rather than gains. Always remember not to put all your capital in one blow just because you have attained good results at first trial. Better to think first of managing what you input so that potential loss will not slap you real hard.
Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?
A lot of people have this “Near Success Syndrome” lol. There are many of them and you can even see them on this forum. It’s just greed that is their problem. On a regular, an investment can’t get you up to fifty percent your invested capital, and anykind of investment that claims that is considered a Ponzi or scam.Are you or Do you know someone with a similar episode?
But, now we have Bitcoin and cryptocurrencies that can get you up to fifty percent and even hundred percent and more than that, but for some people, after they have gotten up to hundred percent, they are still greedy and they want to make more. I have seen someone who has gotten triple of his investment, he couldn’t at least sell part of it to retain some profit in case market should fall. So it’s normal thing here, a lot of people do it.
I think that at this moment many have the success syndrome, but they should not be trusted, because many times you have to expect the unexpected, the important thing is; If you are winning that you know how you are winning, not that you are winning without knowing or because you are lucky, the best thing is to win but knowing what methods you use or what strategies you use, because in the bullish market it is very difficult to lose, when the Corrections, when there is a bearish stage it is where many lose most of their money or their great part, it is when they say or draw conclusions that they never learned or why they lost if they were doing so well.
The best thing is to always make reflections as you win or lose, a great speculator of the 1800s was called Jesse Livermore, he became a millionaire 5 times and 5 times he went bankrupt, finally he recovered but a great lesson was to learn from the experiences of himself and accept them, I think that was his great learning.
I think people can bring success in their life no matter what they do but if you want to trade with your own money you must trade with your own currency you want to trade online and you want to earn money by trading then of course I I think you need some time because if you find a good trading partner then of course I think you can move your life forward very easily with trading income.
Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?
A lot of people have this “Near Success Syndrome” lol. There are many of them and you can even see them on this forum. It’s just greed that is their problem. On a regular, an investment can’t get you up to fifty percent your invested capital, and anykind of investment that claims that is considered a Ponzi or scam.Are you or Do you know someone with a similar episode?
But, now we have Bitcoin and cryptocurrencies that can get you up to fifty percent and even hundred percent and more than that, but for some people, after they have gotten up to hundred percent, they are still greedy and they want to make more. I have seen someone who has gotten triple of his investment, he couldn’t at least sell part of it to retain some profit in case market should fall. So it’s normal thing here, a lot of people do it.
Isn't it just greed? No need to use fancy words to describe it, people might even think a different idea if they heard of it. Just call it greed, as it is. And she needs help imo if this isn't her first time having such an experience like this. Tbh, I myself have had greed take me, like a lot of times. That made me honestly realize to just stop and quit trading, call it quits, and just hold whatever coins I want till whenever I want. I invested the absolute minimum that I could and well, I just thought of it as a possible passive income (if the price goes up anyhow). The other path honestly goes to her being a full on trader, but she has to rein in her emotions first, or rather her greed.
Could this be termed "Near success syndrome in trading?".
It is called as greed in simple words and I have seen guys who were rich within their minds and went to moon when a token they bought was sky-rocketing but when the price dropped they actually got back to earth again. I can relate what happen with your friend who lost because of extreme greed but it happens with most of us.I would call it as "being virtually rich" because although technically she (your friend) could have sold and doubled her money but she didn't, so she became rich virtually but never materialized into actual profits.
People often laugh on how someone once bought pizza for 10k BTC but that doesn't mean he spent millions or billions of dollars for pizza actually, it was just normal price he paid at that time and now if that asset turns into gold doesn't mean he was a fool.
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(This is not the first time she has made such a mistake)
Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?
Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?
The coin mentioned above is doing quite well recently as it's currently trading above 80cents although few weeks back it was below 30cent. Now the faults is on your friend, is she a trader or an investors. She should first ask herself this question before picking the next coin to buy. I believe she hasn't found out what she really what to do because as an investor, if she had held unto her investment, right now the story would had been different as she would had probably tripled her investment.
Many noobs jump into the industry without realizing what actually they want to become whether it's to be a trader or an investor. They just joined with the mindset of profiting and when this profits aren't coming there way, they panic and this also cause them more losses just like what your friend experienced.
There are two points that i think this is mostly experienced, they are;
Not taking profit at the planned time or
Entering a trade too late due to skepticism
These might just be the factors behind near success syndrome.
Not taking profit at the planned time or
Entering a trade too late due to skepticism
These might just be the factors behind near success syndrome.
the mistake people make is not knowing how to take profits in a trade or investment. you can easily take profit and keep holding with patience. you dont hold by thinking it will keep going up, people need to buy and sell, so it will go up more and go down a little and move higher. she needs to learn, these are part of the lessons we learn in the journey. divide your holdings and take profits at intervals.
Ask me! My friends always go crazy while doing trading or gambling their money. Mostly in gambling people go nuts. For example, a friend of mine turned his 5 bucks bet to whooping 2K on a slot. But no, he wanted more and more so gambled the money on crash game, and guess what all he had at the end was "0". His face was red like a tomato. 
Can't help it. Same thing happens whenever people are trading their money. It has to be really really responsible one otherwise one can end up with zero's. That feeling is heart felt but if you are too greedy then karma hits back.
We can't support them, besides moral base.
Can't help it. Same thing happens whenever people are trading their money. It has to be really really responsible one otherwise one can end up with zero's. That feeling is heart felt but if you are too greedy then karma hits back.
We can't support them, besides moral base.
Yeah, that's proven caused karma or unlucky jive mate. It happened to me last 3 years ago, I been so greed and it ended up miserable losing all tokens I had and opportunity loss was really depressing. Thinking about more successful trades, would rather brought you bad effects both emotional and physical. Those days made me learned serious aspects in life which nowadays, everything will set unto right path as well.
During the recent spike in the value of TWT, a friend of mine made double her capital trading. Although she had already made double her money, she set her exit point on the trade at a very high point hoping to triple her capital. Before the crash of the market and her profits along with it, she was excited and told me how happy she felt to have made something tangible trading on her own. I adviced her not to be greedy, that she should quickly sell since she has made double and not wait to make triple a her capital, but she refused and insisted on waiting. (I gave the advice knowing that TWT is not a stable coin).
Some few moments after our conversation, i saw her with a long face saying that the market had crashed and if she had known, she would have followed my advice.
(This is not the first time she has made such a mistake)
Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?
Some few moments after our conversation, i saw her with a long face saying that the market had crashed and if she had known, she would have followed my advice.
(This is not the first time she has made such a mistake)
Could this be termed "Near success syndrome in trading?".
Are you or Do you know someone with a similar episode?
Sometimes you can guess if the market would crush especially when it's altcoin, technically even for bitcoin a 50 50 chance of guessing and gambling at the same time. Well, she did trading so she should have known but ignore it because she was greedy to make it double everything is unstable from my experience altcoin should be the one we should look after to why? first of all, some altcoins can be easily produced plus it can be a scam.
Still, One thing I know when it comes to trading set a limit like if she made a double income out of trading and that limit was your sign of advising to stop as it is a good sign for you if you're into trading. At the end, it's not too late for her to stop it should only be her lesson, yes it's a great loss but in the near future may not be in trading but in some way, she can apply that lesson.
Also, I would like to advance if she is into altcoin why not get into Etherium? or bitcoin? she may lose here but there is a chance of a kickback when it starts to drop.
I was caught by this fallacy as well in the past. I think that is something that every developing trader must go through. It is a lesson that is best learnt on your own skin and hopefully when you are not rolling with a large capital.
Just tell your friend to stop feeling sorry and instead look at it as a valuable lesson for the future.
Just tell your friend to stop feeling sorry and instead look at it as a valuable lesson for the future.
You wont really be becoming a good trader if you havent experience these unfortunate events and this is really a pretty common scenario because price is always unpredictable.We do really have those kind of hopes that
the price might even shoot up more and on the fear of missing out those profits or trying to maximize it out then we would really be having this kind of behavior where we do still hold up our position ever we are already
in profits which it might only result into two possible situations neither you would lost up your profits due the price goes to the opposite instead or you would make profits even more because the price goes on what
you had expected.
I was caught by this fallacy as well in the past. I think that is something that every developing trader must go through. It is a lesson that is best learnt on your own skin and hopefully when you are not rolling with a large capital.
Just tell your friend to stop feeling sorry and instead look at it as a valuable lesson for the future.
Just tell your friend to stop feeling sorry and instead look at it as a valuable lesson for the future.
I don't know anything about "near success syndrome".
But I did understand something about your friend.
She can't control her greed.
You could always put triple the price if it's one of the known coins in the market. The popular ones.
BTC, ETH, LTC, and more.
If you are willing to wait for months or years then it won't be a problem. Just don't let your emotion take over.
Add up the research to find an exchange that will last that long. Better to just keep it in your wallet.
But I did understand something about your friend.
She can't control her greed.
You could always put triple the price if it's one of the known coins in the market. The popular ones.
BTC, ETH, LTC, and more.
If you are willing to wait for months or years then it won't be a problem. Just don't let your emotion take over.
Add up the research to find an exchange that will last that long. Better to just keep it in your wallet.
Ask me! My friends always go crazy while doing trading or gambling their money. Mostly in gambling people go nuts. For example, a friend of mine turned his 5 bucks bet to whooping 2K on a slot. But no, he wanted more and more so gambled the money on crash game, and guess what all he had at the end was "0". His face was red like a tomato.
Can't help it. Same thing happens whenever people are trading their money. It has to be really really responsible one otherwise one can end up with zero's. That feeling is heart felt but if you are too greedy then karma hits back.
We can't support them, besides moral base.
Can't help it. Same thing happens whenever people are trading their money. It has to be really really responsible one otherwise one can end up with zero's. That feeling is heart felt but if you are too greedy then karma hits back.
We can't support them, besides moral base.
IF this is not the first time she is making such mistake and losing profits then she didn't learn anything from past trading experience, as a trader it is always important to make sure that profits you made are safe that is why most people convert their profits into stable coin before the prices crashing out.
This strategy used by many traders.Learn from the past is important one. Because by the trading experience we can learn, when to hold. When to sell, so past experience plays a vital role in the trading.The traders change to stable coin inorder to save loss. 
I think this kind of situation is not applicable at all places. Let me put it this way, if I bought bitcoin at 15k, and it became 30k and you told me "you made double of your profit, you should not be too greedy and get out" and I followed your advice, I would have lost an additional 20k+ profit. Does that make sense? Of course not, I should keep and be more greedy in that situation, which means "leave when you double your profit" is not really a good advice depending on the situation, in your situation it was a good one in mine it was a bad one.
It means it depends on the situation and sometimes you should get out when you can and sometimes you should stick with your investment and wait, that is why I believe we should not be really rushing into judgment when others investments are on the line, let them make their own decisions so you do not get in trouble with them.
It means it depends on the situation and sometimes you should get out when you can and sometimes you should stick with your investment and wait, that is why I believe we should not be really rushing into judgment when others investments are on the line, let them make their own decisions so you do not get in trouble with them.
Ah yes, that feeling when you know you nailed it. It's like an early celebration syndrome as well. It's happening to me in studying not in trading though. Since when I nailed something, I usually celebrate so immediately then forgot where I left then I get drained out after that.
In hodling, I think it happened to me as well like back when Bitcoin went to 20k and I thought I can almost sell then suddenly it plunged.
Anyone remember that year? 2017, yes.
In hodling, I think it happened to me as well like back when Bitcoin went to 20k and I thought I can almost sell then suddenly it plunged.
Anyone remember that year? 2017, yes.
Your friend profably suffering not from near success syndrome but in a wrong psychological method "greedy" syndrome.
When we are setting our target profit like having 20 to 50% profit, we stick on that part. Since we all know that market will suddenly move and perform unexpected sideways. We shouls be stick on our goal profit. But from what I have seen from your friend, she waa overly confident that the market will still go on her expected bullish price and she forget that correction always occurs.
She has gained profit but she wanted more. That's greediness and that's what she have to dealt with to prevent those loss trades again.
When we are setting our target profit like having 20 to 50% profit, we stick on that part. Since we all know that market will suddenly move and perform unexpected sideways. We shouls be stick on our goal profit. But from what I have seen from your friend, she waa overly confident that the market will still go on her expected bullish price and she forget that correction always occurs.
She has gained profit but she wanted more. That's greediness and that's what she have to dealt with to prevent those loss trades again.
IF this is not the first time she is making such mistake and losing profits then she didn't learn anything from past trading experience, as a trader it is always important to make sure that profits you made are safe that is why most people convert their profits into stable coin before the prices crashing out.
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