Reasons why they get it all wrong when trading. - page 2.

Quidat

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Quote from: awik p on July 23, 2021, 03:39:06 AM

Quote from: South Park on July 22, 2021, 03:06:26 PM

Quote from: Karish2return on July 20, 2021, 12:42:15 PM

Simple the main reason is greed, when we all get out of it, then only trading will be not that much difficult for us. And secondly in trading patience is very necessary, if we don't have patience during trading then it will give us more loss even. These two are are main reason when trading gone wrong according to my opinion.

Greed produces false expectations and with false expectations traders cannot avoid making mistakes, for example how many people invest in some coins thinking they are going to earn 100x what they invested and they are in fact earning money but not 100x and they refuse to sell only for the price of the coin in which they invested to begin to go down, and then they still refuse to sell and finally are forced to sell for a loss in a trade in which they were earning money.

right, there are many incidents like this when we listen to people's stories. Greed will result in disaster and affect our mentality. we should be vigilant when the price forms a new ath, because at any time the price can dump at any time. By planning a logical target I think I can avoid that incident

Secure profit while you still can and dont really make out as a habit when you do listen on what are the things that you could able to hear out on someone or from other groups.
Stick on what you do have analyzed but it isnt bad to make out some integration of others ideas as well as long you do seem that it is relevant to your own analysis too.
Trading is never been simple because it wont really be giving out any assurances no matter how good your analysis is.TA's is always giving precise predictions
but at least we do rely into something rather than on making blind trades.

South Park

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Quote from: Lakai01 on July 23, 2021, 03:47:11 AM

Quote from: awik p on July 23, 2021, 03:39:06 AM

-snip-
we should be vigilant when the price forms a new ath, because at any time the price can dump at any time. By planning a logical target I think I can avoid that incident

You can't say that. Take a look at the bitcoin's performance at the beginning of the year. The BTC has made one ATH after another. If you had sold at 22k (the ATH from 2018), for example, you would have completely missed the run to 60k and would still be heavily in the red.

In my opinion, a reached ATH is absolutely no indicator, neither for buying nor for selling. Rather, it depends on the general mood in the market at the time of reaching the ATH. If, for example, there is extreme greed, then this definitely indicates that saturation will soon be reached and the market could collapse again.

This is why a trading strategy is needed, many people are trading the markets not really knowing what they are doing and are relying on their gut feeling to try to guess what the market is going to do, if instead you use a trading strategy that you back tested and it is telling you to get out then even if the market turns its direction once again and begins to make new all time highs at some point your strategy will tell you to get in the market again and you will still obtain profits from the sustained bull market.

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Quote from: awik p on July 23, 2021, 03:39:06 AM

-snip-
we should be vigilant when the price forms a new ath, because at any time the price can dump at any time. By planning a logical target I think I can avoid that incident

You can't say that. Take a look at the bitcoin's performance at the beginning of the year. The BTC has made one ATH after another. If you had sold at 22k (the ATH from 2018), for example, you would have completely missed the run to 60k and would still be heavily in the red.

In my opinion, a reached ATH is absolutely no indicator, neither for buying nor for selling. Rather, it depends on the general mood in the market at the time of reaching the ATH. If, for example, there is extreme greed, then this definitely indicates that saturation will soon be reached and the market could collapse again.

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Quote from: South Park on July 22, 2021, 03:06:26 PM

Quote from: Karish2return on July 20, 2021, 12:42:15 PM

Simple the main reason is greed, when we all get out of it, then only trading will be not that much difficult for us. And secondly in trading patience is very necessary, if we don't have patience during trading then it will give us more loss even. These two are are main reason when trading gone wrong according to my opinion.

Greed produces false expectations and with false expectations traders cannot avoid making mistakes, for example how many people invest in some coins thinking they are going to earn 100x what they invested and they are in fact earning money but not 100x and they refuse to sell only for the price of the coin in which they invested to begin to go down, and then they still refuse to sell and finally are forced to sell for a loss in a trade in which they were earning money.

right, there are many incidents like this when we listen to people's stories. Greed will result in disaster and affect our mentality. we should be vigilant when the price forms a new ath, because at any time the price can dump at any time. By planning a logical target I think I can avoid that incident

South Park

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Quote from: Karish2return on July 20, 2021, 12:42:15 PM

Simple the main reason is greed, when we all get out of it, then only trading will be not that much difficult for us. And secondly in trading patience is very necessary, if we don't have patience during trading then it will give us more loss even. These two are are main reason when trading gone wrong according to my opinion.

Greed produces false expectations and with false expectations traders cannot avoid making mistakes, for example how many people invest in some coins thinking they are going to earn 100x what they invested and they are in fact earning money but not 100x and they refuse to sell only for the price of the coin in which they invested to begin to go down, and then they still refuse to sell and finally are forced to sell for a loss in a trade in which they were earning money.

jossiel

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Quote from: Karish2return on July 20, 2021, 12:42:15 PM

Simple the main reason is greed, when we all get out of it, then only trading will be not that much difficult for us. And secondly in trading patience is very necessary, if we don't have patience during trading then it will give us more loss even. These two are are main reason when trading gone wrong according to my opinion.

Without patience, you can't be a trader or a holder.

Both requires it and if you don't like waiting game, you shouldn't buy any crypto to hold or don't do trading at all because you'll only feel that it's taking forever before you make money.

In both of it, those that you've mentioned are true.

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Quote from: Karish2return on July 20, 2021, 12:42:15 PM

Simple the main reason is greed, when we all get out of it, then only trading will be not that much difficult for us. And secondly in trading patience is very necessary, if we don't have patience during trading then it will give us more loss even. These two are are main reason when trading gone wrong according to my opinion.

Yes, greed and the desire to earn big money quickly are among the main reasons for losing money. But it is not limited to this only. You may not be greedy, but this does not guarantee that you will open orders in the right direction of the market movement. This means that you at least need knowledge to understand the cryptocurrency market.

tygeade

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I do agree with the points here but one thing people are forgetting is the fact that there are some crashes in crypto that nobody can see beforehand, and if you are working without a stop loss then you are going to end up with a big loss in the end without being able to do anything about it, unrealized loss of course but still loss.

This is why there is an emotional stuff that comes into play, if you are not sure about what you are doing because you are afraid that you will lose money even more, then you end up selling, not thinking that even if it goes down more, it doesn't change the fact that it will eventually go up even more. This is why I honestly believe "not selling" is enough of a great strategy and you do not need anything else, it is simply just about waiting long enough time but emotions do stop a lot of people from being able to do that.

Karish2return

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Simple the main reason is greed, when we all get out of it, then only trading will be not that much difficult for us. And secondly in trading patience is very necessary, if we don't have patience during trading then it will give us more loss even. These two are are main reason when trading gone wrong according to my opinion.

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For you to be able to be a good trader, you must possess the quality and traits that a trader must have. You must be knowledgeable of course because trading is a serious and challenging work for you are battling and dealing with a highly volatile market wherein intuitions and gut feelings are not the proper way on how you will assess the situation. You must take into consideration the needed data to understand the situation and how you can be able to handle it into your favor at least. Yes, it is difficult to make odds be favorable to you because we are dealing with a volatile market. But since we are aiming to produce or make profit with trading, we must be knowledgeable enough on how to turn things into what makes it profitable for us.

South Park

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Quote from: traderethereum on July 14, 2021, 02:52:45 AM

Quote from: taufik123 on July 13, 2021, 08:57:18 PM

Quote from: traderethereum on July 13, 2021, 04:25:28 AM

-snip-
If he can pass his daily lesson and try to trade, sooner or later, he will become a pro trader, even without he realizes that he already achieve that.

Continue to practice how well to do the analysis every day. Try trading with various indicators and learn each indicator's function. it will make trading skills more developed. To become a pro trader is not just a matter of time, but how much you intend to keep learning and improving your skills. Professional traders are not just technical or fundamental science but psychology will be very influential in making decisions.

It is better to learn one indicator until you understand how it works and familiar with using that indicator.
After that, you can try to learn the other indicator and I admitted that the more indicator that we can learn and master it, we will be able to analyze better than the other traders.
Although it is hard to become a pro trader, if you learn hard about trading and try to practice what you learn, someday, you will become a pro trader.
You do not need to afraid if you can not make a profit because that is just a temporary delay. After all, you are still learning.

There are many cases of traders using many indicators on their charts but I think this is a mistake, after all it is difficult to see what is going on with the price which is by the way what we care about, also a strategy with too many indicators is probably too specific to a certain market condition and as such it is going to be ineffective when those precise market conditions are not in place, so it is better to use a strategy with less indicators that can work under more circumstances and that can make you more money that way,

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To become a trader is not an easy thing, but it can be learned if we want. The results that will be obtained depend on what we do. If we give in to the situation then it will further worsen the situation and our assets. That is why many traders lose their assets, one of which is because they are in a hurry to make decisions. A trader needs to think carefully before selling or buying a coin because it will have an impact on his assets. Experience and willingness to continue to learn is an important key in trading. Use the experience as an opportunity to learn better in the future so you don't lose again. That is why traders must be consistent and patient.

tvplus006

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Quote from: QueenVera on July 10, 2021, 01:19:04 PM

Like I earlier said, traders should be self discipline, when a trader begin to become too greedy he or she is doing it all wrong.

Many well-known traders make mistakes, neglecting their own created trading strategies, which necessarily leads to loss of money. Therefore, it is not surprising that most traders eventually lose their money without even knowing about trading strategies. And greed, which prevails over everything, leads to such sad consequences.

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If you face something wrong in trading here in crypto space, that means there is also something wrong with your method or strategy,
just simple as that. And besides, whether we lose or win learnings or lesson is always there for us to gain it. However, as an individual traders
we should expect that things here actually.

Basically, what we've got is the outcome of what we did in the past. If we have done wrong, the result will absolutely not be acceptable.

Similarly, if we don't have knowledge and skill in trading, therefore, we can also expect that the result is not really what we wanted. I mean, losses are the most possible we've got. That is why we should invest time and show our effort that we want to learn trading before taking this job otherwise, you are just making your mind out of it and regrets.

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Quote from: imstillthebest on July 17, 2021, 02:11:04 PM

Quote

When a traders begin to get afraid of losses then they're doing it all wrong

nothing wrong with that i guess?
who would love to loss when in the first place we are here to double our money and if your scared to loose you will do everything to avoid it.
it only becomes wrong when your afraid to loose and you refuse to try . also not all of us get it wrong but many traders have already learned from their mistakes.

When you are dealing with investment then you should really be wary about the risk as it should always be.When you are really that afraid on taking risk or losing money then this investment isnt really for you.
This market isnt really for the weak hearts specially this market is really way too unpredictable and really very unpredictable which means it would really be at disadvantage on someones really very impulsive
in terms into their emotion.This isnt a fly by night career which it would really be taking up lots of years before you could really have a good grasp to it.Gaining experience and does really
require lots of trial and error where you would able to create your own way and methods on sustaining yourself next.

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Quote

When a traders begin to get afraid of losses then they're doing it all wrong

nothing wrong with that i guess?
who would love to loss when in the first place we are here to double our money and if your scared to loose you will do everything to avoid it.
it only becomes wrong when your afraid to loose and you refuse to try . also not all of us get it wrong but many traders have already learned from their mistakes.

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If you face something wrong in trading here in crypto space, that means there is also something wrong with your method or strategy,
just simple as that. And besides, whether we lose or win learnings or lesson is always there for us to gain it. However, as an individual traders
we should expect that things here actually.

This is somehow true.
But as always said , you can’t everytime blame the method as wrong
Sometimes its us who should be made responsible for our mistakes.
The biggest reason is always claimed to be greed for which all goes wrong in trading .
If we can fix this then sure our losses will be somehow be reduced.

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Quote from: QueenVera on July 10, 2021, 01:19:04 PM

Like I earlier said, traders should be self discipline, when a trader begin to become too greedy he or she is doing it all wrong.

Greedy really makes everything be worse. A trader shouldn't have it, avoid greedy as possible as we can. You are right if it leads to many mistakes in trading, I have experienced it many times. Actually, not only discipline, but a trader also needs to always update information about crypto. Market trends can change quickly, so a trader must monitor the current news or issues continously.

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Quote from: Kimonoe on July 15, 2021, 10:51:31 AM

Greedy people tend to put their egos forward, where they seem to want prices to continue to rise. they do not want to learn and understand the market, and tend to push themselves. and what happens next they will regret their decision, because they did not leave the market when the price was at its peak. until finally panic sell that occurs because they are frustrated

That's what I've felt before that the prices will continue to rise and trend won't just lie low. But that's a newbies perspective and little experiences will make us learn that greedy shouldn't be your attitude towards the volatile market of cryptocurrencies. The decisions that you'll do will matter from your stand as you enter trading because it's not an easy job to make the most for each trade that you do.

Topic: Reasons why they get it all wrong when trading. - page 2. (Read 866 times)