The conclusion of the article in the opening post we must be able to control our emotions when trading. Especially overconfidence and greed
which is very commonly done by most traders. I myself often make these two mistakes, and that leads us to experience loss. Therefore we
must be able to control our emotions, so that mistakes are not repeated we do it. The first is us make it a habit to not delay taking profits,
if it's already a profit then just sell the coins that we hold. And the second is always careful in managing our capital, don't be too confident
using all the capital we have. Do the steps that I have mention, then we can avoid these mistakes.
Topic: Reasons for traders to look at! - page 3. (Read 1220 times)
Every businessman has to be ambitious in doing business and controlling his emotions so I can be a successful entrepreneur. If you do not get frustrated at the loss of business you should correct your mistakes and try again You need to try to become a successful business by eliminating negative thoughts and applying reality.
patience is indeed an important thing in trading, I often experience losses due to lack of patience because sometimes as a daily trader I am motivated to always get profits every day, while the market is not always the same and increasingly difficult as this time. in the article it says "They don't jump into the trade when the opportunities arises" whereas me when there is an opportunity when the prices drop I always trade. Is it wrong?
You are doing well but when you want to take advantage of opportunities you must know are these opportunities real or not. While trading better chooses long term trading so it will have fewer chances to lose and it will give you so much profit. I like trading but I keep my eyes on the market and when the price falls I start buying for long term trading.Isn't number 1 and 4 almost the same? Like the idea of over trading happens because greed overcomes your rationality of deciding to trade slowly and effectively. Also, the 4 given are mostly mistakes made by newbies. The struggles occur because of their lack of experience and knowledge regarding how to trade and so, problems occur, so simplest solution is to let experience take its place, and gradually, newbies that trade would slowly learn the advantages and disadvantages of the certain actions they do, thereby improving their efficiency as traders.
Not gonna lie, the experience is the most important thing you can acquire. If someone has enough experience and knowledge there's no doubt that he/she can manage his trade more efficient. I am not saying that tips and guides of someone else are bad in fact this would be really helpful in some cases but much better if we ourselves seek knowledge through our own experience. Sometimes if we're equipped with desired experience, you won't be afraid in dealing with crucial trading. But even how you're going to manage every trades successfully, no one is effective during bearish market. That needs more time to grow an asset, that's why expert traders has no other options but to let those holdings grow substantially by choosing long term trading.
Isn't number 1 and 4 almost the same? Like the idea of over trading happens because greed overcomes your rationality of deciding to trade slowly and effectively. Also, the 4 given are mostly mistakes made by newbies. The struggles occur because of their lack of experience and knowledge regarding how to trade and so, problems occur, so simplest solution is to let experience take its place, and gradually, newbies that trade would slowly learn the advantages and disadvantages of the certain actions they do, thereby improving their efficiency as traders.
Not gonna lie, the experience is the most important thing you can acquire. If someone has enough experience and knowledge there's no doubt that he/she can manage his trade more efficient. I am not saying that tips and guides of someone else are bad in fact this would be really helpful in some cases but much better if we ourselves seek knowledge through our own experience. Quote
I think greed and boosted is the same because these are both urging you to trade more and more without thinking. You should need to think first even if you're on fire trading a certain amount of money. You don't need to rush because the more you rush, the more you will lose.
Always remember that greed is a bad thing in trading. Controlling emotions and self-discipline is very basic or fundamental when it comes to trading.
Have you ever thought about the real thing Greed is representing? In my opinion Greed is another form of fear. More concrete: The fear of owning too little of a specific ressource in the future
So, the main driving force in Trading is and will also be FEAR!
In an Pareto way of live As a trader you have to handle your strongest Emotion, FEAR in the very first place.
Cheers ...
Isn't number 1 and 4 almost the same? Like the idea of over trading happens because greed overcomes your rationality of deciding to trade slowly and effectively. Also, the 4 given are mostly mistakes made by newbies. The struggles occur because of their lack of experience and knowledge regarding how to trade and so, problems occur, so simplest solution is to let experience take its place, and gradually, newbies that trade would slowly learn the advantages and disadvantages of the certain actions they do, thereby improving their efficiency as traders.
Not gonna lie, the experience is the most important thing you can acquire. If someone has enough experience and knowledge there's no doubt that he/she can manage his trade more efficient. I am not saying that tips and guides of someone else are bad in fact this would be really helpful in some cases but much better if we ourselves seek knowledge through our own experience. Sometimes if we're equipped with desired experience, you won't be afraid in dealing with crucial trading. But even how you're going to manage every trades successfully, no one is effective during bearish market. That needs more time to grow an asset, that's why expert traders has no other options but to let those holdings grow substantially by choosing long term trading.
Yes, I agree with these reasons. Most traders want to make extra profit, which is why traders can not achieve success. I think we need to first try to make a small profit. Overtrading can never be done. We should do more market research. The amount of capital has to be increased. We should trade with the advice of experienced.
Thank you
Thank you
I may consider greediness as a tool to encourage people but somehow it is also a reason for our fall. This simply means that we know also to be satisfied with a small amount and accept what only got. Greediness could sometimes lead to illegalities and yes, it often to happen in some local businesses. We've been run through this kind of behavior but we should have to control it.
Of course. When greediness becomes the drive then we will lose focus of the right call.
Isn't number 1 and 4 almost the same? Like the idea of over trading happens because greed overcomes your rationality of deciding to trade slowly and effectively. Also, the 4 given are mostly mistakes made by newbies. The struggles occur because of their lack of experience and knowledge regarding how to trade and so, problems occur, so simplest solution is to let experience take its place, and gradually, newbies that trade would slowly learn the advantages and disadvantages of the certain actions they do, thereby improving their efficiency as traders.
Not gonna lie, the experience is the most important thing you can acquire. If someone has enough experience and knowledge there's no doubt that he/she can manage his trade more efficient. I am not saying that tips and guides of someone else are bad in fact this would be really helpful in some cases but much better if we ourselves seek knowledge through our own experience. Sometimes if we're equipped with desired experience, you won't be afraid in dealing with crucial trading. But even how you're going to manage every trades successfully, no one is effective during bearish market. That needs more time to grow an asset, that's why expert traders has no other options but to let those holdings grow substantially by choosing long term trading.
Isn't number 1 and 4 almost the same? Like the idea of over trading happens because greed overcomes your rationality of deciding to trade slowly and effectively. Also, the 4 given are mostly mistakes made by newbies. The struggles occur because of their lack of experience and knowledge regarding how to trade and so, problems occur, so simplest solution is to let experience take its place, and gradually, newbies that trade would slowly learn the advantages and disadvantages of the certain actions they do, thereby improving their efficiency as traders.
Not gonna lie, the experience is the most important thing you can acquire. If someone has enough experience and knowledge there's no doubt that he/she can manage his trade more efficient. I am not saying that tips and guides of someone else are bad in fact this would be really helpful in some cases but much better if we ourselves seek knowledge through our own experience. Sometimes if we're equipped with desired experience, you won't be afraid in dealing with crucial trading. But even how you're going to manage every trades successfully, no one is effective during bearish market. That needs more time to grow an asset, that's why expert traders has no other options but to let those holdings grow substantially by choosing long term trading.
Isn't number 1 and 4 almost the same? Like the idea of over trading happens because greed overcomes your rationality of deciding to trade slowly and effectively. Also, the 4 given are mostly mistakes made by newbies. The struggles occur because of their lack of experience and knowledge regarding how to trade and so, problems occur, so simplest solution is to let experience take its place, and gradually, newbies that trade would slowly learn the advantages and disadvantages of the certain actions they do, thereby improving their efficiency as traders.
Not gonna lie, the experience is the most important thing you can acquire. If someone has enough experience and knowledge there's no doubt that he/she can manage his trade more efficient. I am not saying that tips and guides of someone else are bad in fact this would be really helpful in some cases but much better if we ourselves seek knowledge through our own experience. 
Many trading strategies are good, what people miss is that every strategy requires time and bankroll, depending on how much free time you have and your bankroll you need to find a strategy that is suitable for your situation. Many people lose money with trading because of the greediness, they wish to much with their little investments and they wish it as fast as possible. Learn about trading strategies and find one that you will be able to combine with your free time. The second thing you should pay attention to is your bankroll, every strategy requires some starting capital.
Every people must have the greedy side of their investment and that's the hardest thing to control even for the people who already trading for years, the greedy moment will have come to them because of having the chance of getting lot of profits. Risk management is the core of the trading, if we could control and manage our risk in trading, i'm sure we could do trading for living.
Listed emotions there which is a difficult task to control.
There will always be a part of us who cannot control greed and fear.
How could you if the pump is happening so wildly?
If dumps are also getting harder then it is time to sell.
Those kind of events that happens in crypto trading cannot be stopped and so does our emotions.
Controlling it is not like learning to trade in textbooks. It is yourself which is the enemy.
There will always be a part of us who cannot control greed and fear.
How could you if the pump is happening so wildly?
If dumps are also getting harder then it is time to sell.
Those kind of events that happens in crypto trading cannot be stopped and so does our emotions.
Controlling it is not like learning to trade in textbooks. It is yourself which is the enemy.
Many trading strategies are good, what people miss is that every strategy requires time and bankroll, depending on how much free time you have and your bankroll you need to find a strategy that is suitable for your situation. Many people lose money with trading because of the greediness, they wish to much with their little investments and they wish it as fast as possible. Learn about trading strategies and find one that you will be able to combine with your free time. The second thing you should pay attention to is your bankroll, every strategy requires some starting capital.
Every people must have the greedy side of their investment and that's the hardest thing to control even for the people who already trading for years, the greedy moment will have come to them because of having the chance of getting lot of profits. Risk management is the core of the trading, if we could control and manage our risk in trading, i'm sure we could do trading for living.
Many trading strategies are good, what people miss is that every strategy requires time and bankroll, depending on how much free time you have and your bankroll you need to find a strategy that is suitable for your situation. Many people lose money with trading because of the greediness, they wish to much with their little investments and they wish it as fast as possible. Learn about trading strategies and find one that you will be able to combine with your free time. The second thing you should pay attention to is your bankroll, every strategy requires some starting capital.
I think the most important thing to become a trader is to control your emotions. Many new traders often let their emotions overwhelm and they often make the wrong decisions. If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.
I agree, because I've also been like that. most people want to earn lots of money fast and instant like in gambling, even though this trade is full of analysis.emotions and greed that we have to control, greed makes us miss profits because of high expectations on prices will continue to rise.
When we talk about trading whether it’s Forex or Crypto, there are some very common reasons why people tend to struggle.
So that’s take a quick look at what those reasons could possibly be at https://www.qatarday.com/blog/information/4-reasons-why-youre-not-making-money-with-your-forex-trades/69233
Although, this is not going to turn you into a professional overnight, but strictly following these are ways you could begin the long journey to the destination you want to reach.
I am quite grateful to you for sharing useful knowledge to our forum but these theories are a lot on the pages displayed at Google. I have read dozens of basic trading guide pages for newbies but I still lose money when practicing with my real money. So I want the fifth advice that you should practice as soon as you learn any lesson. Only experience can make a real good trader. So that’s take a quick look at what those reasons could possibly be at https://www.qatarday.com/blog/information/4-reasons-why-youre-not-making-money-with-your-forex-trades/69233
Although, this is not going to turn you into a professional overnight, but strictly following these are ways you could begin the long journey to the destination you want to reach.
Partly disagree. Learning in any form of material is not a waste of time even if you can't fully utilize it. I agree that books alone are not enough to study trading.
In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.
Books alone is not enough but still we can learn a lot of knowledge in books. I have different sources of information about trading and it is books, articles, blogs, youtube videos and specially this forum. One source of knowledge is not good, we should have different sources of knowledge in order for us to become intelligent trader. I often read books and there are a lot of trading setups that I learned and for me it is effective to use. In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.
Books are important but without a teacher, it will be more difficult. Sometimes we often get lost in learning, well that's because without guidance, learning with videos, books, etc. will surely encounter many problems in understanding, therefore we need people who are able to guide in learning as well as the existence of this forum that can help all members in learning about bitcoin.
Partly disagree. Learning in any form of material is not a waste of time even if you can't fully utilize it. I agree that books alone are not enough to study trading.
In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.
Books alone is not enough but still we can learn a lot of knowledge in books. I have different sources of information about trading and it is books, articles, blogs, youtube videos and specially this forum. One source of knowledge is not good, we should have different sources of knowledge in order for us to become intelligent trader. I often read books and there are a lot of trading setups that I learned and for me it is effective to use. In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.
Books are important but without a teacher, it will be more difficult. Sometimes we often get lost in learning, well that's because without guidance, learning with videos, books, etc. will surely encounter many problems in understanding, therefore we need people who are able to guide in learning as well as the existence of this forum that can help all members in learning about bitcoin.
In terms of trading, we have two different kinds first is the Forex trading or the Foreign Exchange Market. This trading of different currency that came from a different country and many people use this as an investment of real money into a different currency. Next is the cryptocurrency trading, in this trading, we have different currencies too, but we called them as coins we have the bitcoin and alternative coins or altcoins like Ripple (XRP), litecoin(LTC), and many more. That trading process is both productive, and you can earn a lot of money, but the difference is the money they are using in forex we use real currency, but in crypto trading, we use the coins.
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