OH YEAH FRUSTATED TRADERS. - page 7.

newbie

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Quote from: blockman on April 17, 2021, 04:29:34 PM

It doesn't get old that there will someone who would share their losses because they've bought at the top and sold at loss. It's a never ending story because there will always be newbies that cannot take their emotions when they see the coin that they've bought starts to go down.
Buying at the dip is what everyone is recommending but you shall know it on your own if you're going to look at it and all of us have proper timings on it, whichever is the good price and coin to buy.

I don't know many people who ended their trading career with gains.

crzy

full member

Activity: 2128

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Quote from: GreatArkansas on April 18, 2021, 05:04:39 AM

For me, newbies are the MOST victim of FOMO, they are very vulnerable to it.
But if they will continue to trade and don't stop, they will slowly learn, and those mistakes at the beginning will be a lesson for them.
I admit, I always get FOMOd before when I started to trade on an exchange, very the worst experience.

That will be there most expensive way to learn a lesson and I admit that I experienced the same thing before, FOMO is not good.
Newbies have to understand trading properly, most of them are just relying on social media and they buy because of someone's tweet, many are losing their faith in cryptocurrency again, they see a big gain they didn't take profit, and now they see a bloody market, you'll hear them panicking.

samcrypto

sr. member

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They are being hyped by someone and that's why they tend to buy without having their own analysis, because they believe on that person that much. I have my friend recently buy DOGE on top, and now he's asking me if the price can still return to its peak, well my answer is yes but there's no guarantee when.

FOMO is the big problem of every newbies, they are not listening at all and only focus for an easy profit and they lose money instead on earning. We have to know when is the best price to buy and not just because of hype, better to learn first on how to analyze the market.

xianbits

sr. member

Activity: 910

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Quote from: doctor877 on April 17, 2021, 04:27:05 PM

FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.

On the other hand, because of FOMO and shilling, many ordinary people became rich in an instant. First they shill, hoping to get a lot of FOMO victims, and then dump. Almost everyday they do that. Imagine how much many the can get from it.
I am saying, FOMO could be bad for those "victims" but there are also people who'll become happy because of this. Let's not be one of the victims.

Husires

legendary

Activity: 1596

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The best way to fight the FOMO is to buy at the correct time and place the gains from the date of purchase. When you buy from the bottom, you reduce the risks that you may be exposed to.
The problem with FOMO is greed, when the price rises, the instinct of greed begins to control and try to catch the train to achieve the highest profit and thus loss because wave was high and you tried to ride it.

Putting aside your emotions and developing a strategy based on numbers is always best.

GreatArkansas

legendary

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For me, newbies are the MOST victim of FOMO, they are very vulnerable to it.
But if they will continue to trade and don't stop, they will slowly learn, and those mistakes at the beginning will be a lesson for them.
I admit, I always get FOMOd before when I started to trade on an exchange, very the worst experience.

Wexnident

hero member

Activity: 2576

Merit: 666

I don't take loans, ask for sig if I ever do.

People experience the FOMO if they wanted to expect or to gain something in the highest possible way. Greedy so to speak. It isn't necessarily bad, but there should be situations where you yourself should understand that you're overextending and that it's time to stop, or not even enter it entirely even. Opportunities aren't found with hard work imo, it's highly dependent on luck. Doesn't mean that you shouldn't work though, do something that would let you look for opportunities, and then grab hold of it. Just judge properly if that "opportunity" is actually a good or a bad one.

JeromeTash

legendary

Activity: 2254

Merit: 1236

Heisenberg

History has it that the best time to buy is usually when most people are panic selling and terrified about a market crash. Unfortunately very few people catch this kind of opportunity and end up buying Highs and all-time highs.

I am very sure once this market turns to a bear market, we are going to have lots of traders lose money and remain cursing. I saw in late 2017 and 2018, and I will live to tell the story.

Iceblast

full member

Activity: 783

Merit: 100

buying above because it is affected is not very good for the trader, we should try to take advantage of the best opportunity to be able to take the lowest positions and sell the highs because that is the way of professional traders today. so what we need to know is not to get stuck in the top position just because it follows the trend

martina14

full member

Activity: 1190

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Quote from: doctor877 on April 17, 2021, 04:27:05 PM

FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.

FOMO will always be a part of here in the crypto space mate, that's why our profit here will also always in our hands of course.
In short, We shouldn't depend our earnings in the latest news update about in cryptocurrency. Aside from this we should also need to feed
ourselves in knowledge to gain in the future as well. If we apply our emotions in a right way the result of course there is a nice a profit.

Hamphser

sr. member

Activity: 2534

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Quote from: doctor877 on April 17, 2021, 04:27:05 PM

FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.

FOMO and FUD.!

These are common things that you would really be experiencing into this market where you can see lots of situations that could really happen from time to time and if you are just
new here then better get used to it.

Buy high Sell low. this had been a typical mistake where people do miss out buying when its still cheap and they do only make out actions when the price is nearly into its peak
which you can really anticipate that disaster would comes next.

Frustration is common but these are the things that you should really able to control to make yourself a better trader.

blockman

hero member

Activity: 3038

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It doesn't get old that there will someone who would share their losses because they've bought at the top and sold at loss. It's a never ending story because there will always be newbies that cannot take their emotions when they see the coin that they've bought starts to go down.
Buying at the dip is what everyone is recommending but you shall know it on your own if you're going to look at it and all of us have proper timings on it, whichever is the good price and coin to buy.

doctor877

full member

Activity: 896

Merit: 115

FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.

Topic: OH YEAH FRUSTATED TRADERS. - page 7. (Read 1040 times)