Op had already well explained the discussion point.
And to be honest these are the only reasons for which we hear such sad losses of the trader.
The worst factors that cause the loss and bad trading is the greed and jealousy.
When we had safe play and got enough profits, our innerself tempts us to wait for more to get more profit.
But here we make the mistake, and sadly end up with losses.
This is the bitter and sad reality of our traders.
Topic: reasons for bad trading - page 6. (Read 1807 times)
For I ensure I always take profit no matter how small. Little drops of water makes up a mighty ocean. I ensure I collect every time I see a profit of atleast $10 and then decide if I should continue the trade or back off depending on the volatility of the market at that period of time. Greed is one killing factors when it comes to life generally not just trading alone and once a trader overcomes his/her greed then such can boast of a consistent profit
Such a strategy is indeed very good rather than just expecting big profits because in cryptocurrency trading it is not that easy to make a profit,in trading we must have a strategy and also continue to analyze the market so that we know what decisions we will take in trading
For I ensure I always take profit no matter how small. Little drops of water makes up a mighty ocean. I ensure I collect every time I see a profit of atleast $10 and then decide if I should continue the trade or back off depending on the volatility of the market at that period of time. Greed is one killing factors when it comes to life generally not just trading alone and once a trader overcomes his/her greed then such can boast of a consistent profit
Such a strategy is indeed very good rather than just expecting big profits because in cryptocurrency trading it is not that easy to make a profit,in trading we must have a strategy and also continue to analyze the market so that we know what decisions we will take in trading
For I ensure I always take profit no matter how small. Little drops of water makes up a mighty ocean. I ensure I collect every time I see a profit of atleast $10 and then decide if I should continue the trade or back off depending on the volatility of the market at that period of time. Greed is one killing factors when it comes to life generally not just trading alone and once a trader overcomes his/her greed then such can boast of a consistent profit
If you overvcome this bad habit then expect that you'll be able to generate good amount of benefits.
It's tough to control when you keep seeing that you are in the winning position, you'll keep aiming for
more, but once the momentum start to change place, expect to see more regrets and wrong decisions
to make.
For I ensure I always take profit no matter how small. Little drops of water makes up a mighty ocean. I ensure I collect every time I see a profit of atleast $10 and then decide if I should continue the trade or back off depending on the volatility of the market at that period of time. Greed is one killing factors when it comes to life generally not just trading alone and once a trader overcomes his/her greed then such can boast of a consistent profit
Such a strategy is indeed very good rather than just expecting big profits because in cryptocurrency trading it is not that easy to make a profit,in trading we must have a strategy and also continue to analyze the market so that we know what decisions we will take in trading
The main reason is greed. Greedy people cannot trade for long. Their accounts usually blow in the long run. Its a matter of when, not if
For I ensure I always take profit no matter how small. Little drops of water makes up a mighty ocean. I ensure I collect every time I see a profit of atleast $10 and then decide if I should continue the trade or back off depending on the volatility of the market at that period of time. Greed is one killing factors when it comes to life generally not just trading alone and once a trader overcomes his/her greed then such can boast of a consistent profit
Depends on how much is your capital because considering getting 1-2% of profits out of your capital then its just really small then it wouldnt really be worth of the risk but if you can make out some sustain thenthat would be also considerable.
Even myself does have that kind of target and ive been doing it for years.Daily gain percentage even how small does count but of course you do need to risk big if you do like to see your profits to be
that worth of the effort and time you had put up.
Bad trading? Lack of knowledge and skills and emotion handling are the common reason.
For I ensure I always take profit no matter how small. Little drops of water makes up a mighty ocean. I ensure I collect every time I see a profit of atleast $10 and then decide if I should continue the trade or back off depending on the volatility of the market at that period of time. Greed is one killing factors when it comes to life generally not just trading alone and once a trader overcomes his/her greed then such can boast of a consistent profit
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I have a friend in the UK who over a 300 percent profit on he's initial investment of 20k 4 years ago, around April this year(2021), he's 4 years ago investment of 20k usd climbed to over 160k usd, he told me, and I told him to sell, but he was if the opinion that the market will keep going up and selling then was too soon, he said bitcoin was going to be worth over 100k usd before June(last Month) and by then, he's expecting he's investment to be worth nothing less than 500k usd (this is what I call greed), initially, I reasoned with him and at some point was even jealous of him, but things soon turned around, when the market started dropping, I contacted him and asked him to sell, and buy back later at a cheaper price, he refused and said the drop was just a minor correction, today, he's total investment have dropped from over 160k usd to below 59k usd, though he's still in profit cus he initially invested 20k usd, but then I still feel he's lost so much money due to he's ignorance.
The main reason for bad trading is greed. If you want a get rich quickly outcome then you are doomed. Even the biggest cities in the world were not built in a day.Take your time. First grow your account slowly then you can take big trades
Aside from greed then most of people do lack patience, they don't like to wait but rather making steps that do directly make them believe that they can make big bucks.Most of us do really experience this situation when we are still noob but once we do get ample experience in the market on how it works and whats the reality then you would really
able to realize and act according to that and those anticipations would be ignored and would stick out into much realistic goals or aims.
One issue most people have about trading is the fact that, most persons enter the market without an aim or a goal. You know, you just enter the market without a particular expectation but your expecting everything. You hope to catch every move in the market, you want to take advantage of all the moves in the market to make profit. No doubt it's a style or should I say strategy in trading ed scalping but then, it still doesn't mean you have to enter the market always. You've still got to pick a period based on analysis to jump in and out. Plus, you need a trading plan that defines when it is due fir you to call it a day on either you loosing on your trades or benefiting. Trying to catch every move only means trouble to becuase, there is always a wrong move along the lines.
That's the common mistake that many traders do.They don't have a clear goal when they trade but we all have the same reason and it's about making a profit. But when we've got to the actual thing, that's when the difficult status happens.
Until things go wrong and you end up with bad trading because you have no clear goal and strategy.
Precisely, if you don't have any clear goals and you don't plan before you enter this business, it's difficult to succeed
since the possibilities that you'll move by certain situations,
you'll have to work things out in order to balance your opportunities, think before you act, plan ahead and make sure
you trully understand what you are doing to avoid making mistakes.
The goal is to make money and you must be prepared in all aspects even you only know the basics and common knowledge as long as you've planned it very well.
I think that you'll be able to learn a lot even you do bad trades.
~
Just to correct you there, not hodling =/= greedy. There are those such things as different strategy. If I day trade which means I look at the boring to hyped charts almost all day, does that mean I am greedy while taking advantage of the short increases? Nope, right?
Some could do more in day trading rather than hodling.
Just a disclaimer. I quit day trading but I heard stories.
The main reason for bad trading is greed. If you want a get rich quickly outcome then you are doomed. Even the biggest cities in the world were not built in a day.Take your time. First grow your account slowly then you can take big trades
Aside from greed then most of people do lack patience, they don't like to wait but rather making steps that do directly make them believe that they can make big bucks.Most of us do really experience this situation when we are still noob but once we do get ample experience in the market on how it works and whats the reality then you would really
able to realize and act according to that and those anticipations would be ignored and would stick out into much realistic goals or aims.
...
I do agree with some people's arguments or opinions that it is part of greediness and panic. It drives us to think that we need to sell it a little bit higher again and again, and when the price hits the target, we continue again, to lengthen the target, and unfortunately the price drop.
And it drops down already, we are panic and they sell it.
The part of panic selling is also happening right now. People become panic when the price rise up and drop down so easily.
One issue most people have about trading is the fact that, most persons enter the market without an aim or a goal. You know, you just enter the market without a particular expectation but your expecting everything. You hope to catch every move in the market, you want to take advantage of all the moves in the market to make profit. No doubt it's a style or should I say strategy in trading ed scalping but then, it still doesn't mean you have to enter the market always. You've still got to pick a period based on analysis to jump in and out. Plus, you need a trading plan that defines when it is due fir you to call it a day on either you loosing on your trades or benefiting. Trying to catch every move only means trouble to becuase, there is always a wrong move along the lines.
That's the common mistake that many traders do.They don't have a clear goal when they trade but we all have the same reason and it's about making a profit. But when we've got to the actual thing, that's when the difficult status happens.
Until things go wrong and you end up with bad trading because you have no clear goal and strategy.
Precisely, if you don't have any clear goals and you don't plan before you enter this business, it's difficult to succeed
since the possibilities that you'll move by certain situations,
you'll have to work things out in order to balance your opportunities, think before you act, plan ahead and make sure
you trully understand what you are doing to avoid making mistakes.
The main reason for bad trading is greed. If you want a get rich quickly outcome then you are doomed. Even the biggest cities in the world were not built in a day.Take your time. First grow your account slowly then you can take big trades
Aside from greed then most of people do lack patience, they don't like to wait but rather making steps that do directly make them believe that they can make big bucks.Most of us do really experience this situation when we are still noob but once we do get ample experience in the market on how it works and whats the reality then you would really
able to realize and act according to that and those anticipations would be ignored and would stick out into much realistic goals or aims.
The main reason for bad trading is greed. If you want a get rich quickly outcome then you are doomed. Even the biggest cities in the world were not built in a day.Take your time. First grow your account slowly then you can take big trades
A lot of things can contribute to bad trades especially when the trader is not fully equipped with the necessary information that could earn a good trade. Trading shouldn't be a means to avoid being poor but a lifetime career. Trading with the wrong motive can cause a lot of problems to the entire trading system that is used in analysing the market.
Having a good strategy can help one to earn a good profit but it can compromised if the wrong psychology is exhibited. If one has a winning mindset when executing a trade, it will contribute to one's success if the analysis used before taking the trade is pretty g good.
Having a good strategy can help one to earn a good profit but it can compromised if the wrong psychology is exhibited. If one has a winning mindset when executing a trade, it will contribute to one's success if the analysis used before taking the trade is pretty g good.
One issue most people have about trading is the fact that, most persons enter the market without an aim or a goal. You know, you just enter the market without a particular expectation but your expecting everything. You hope to catch every move in the market, you want to take advantage of all the moves in the market to make profit. No doubt it's a style or should I say strategy in trading ed scalping but then, it still doesn't mean you have to enter the market always. You've still got to pick a period based on analysis to jump in and out. Plus, you need a trading plan that defines when it is due fir you to call it a day on either you loosing on your trades or benefiting. Trying to catch every move only means trouble to becuase, there is always a wrong move along the lines.
That's the common mistake that many traders do.They don't have a clear goal when they trade but we all have the same reason and it's about making a profit. But when we've got to the actual thing, that's when the difficult status happens.
Until things go wrong and you end up with bad trading because you have no clear goal and strategy.
Precisely, if you don't have any clear goals and you don't plan before you enter this business, it's difficult to succeed
since the possibilities that you'll move by certain situations,
you'll have to work things out in order to balance your opportunities, think before you act, plan ahead and make sure
you trully understand what you are doing to avoid making mistakes.
The goal is to make money and you must be prepared in all aspects even you only know the basics and common knowledge as long as you've planned it very well.
I think that you'll be able to learn a lot even you do bad trades.
Thanks for the quality post. it mostly like well planning and disciple. It is hard to gain trading discipline at the same time. Requires time and experience. I think it is also good to have an understanding of behavioral finance since it will help you to understand what you are being exposed to before-during-after the trade in terms of a psychological perspective.
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