I'm not an expert on trading or anything by any means. Just taking trade more seriously this year and like what you said we need to just make a profit consistently and that the hard part was, to be consistent.
I'm glad I cut my losses on SYS at 1,1k sat-is..just have a plan.
Topic: start trading again carefully and don't be too ambitious to get big profits ...! - page 6. (Read 984 times)
May 16, 2019, 04:04:07 PM
May 16, 2019, 03:38:23 PM
Yes, greed and too ambitious sometimes arise by themselves and that is what I feel when I am a new person in terms of trade, perhaps from lack of knowledge followed by being emotionally very unstable and if knowledge can we get emotional control by having a strategy simple for the first time and so on you can develop it widely.
Understanding that emotions are very risky for everyone is not only trade but in other fields related to money, there is truth and there is no truth because basically everyone is different from any aspect so I cannot draw real conclusions, as much as possible playing safely.
Understanding that emotions are very risky for everyone is not only trade but in other fields related to money, there is truth and there is no truth because basically everyone is different from any aspect so I cannot draw real conclusions, as much as possible playing safely.
May 16, 2019, 03:03:49 PM
Greed is the bane of most traders. It is always a good idea to pick little profits as price progresses, the market is can make unexpected turns some times. Experienced trader know how to play this better.
May 16, 2019, 02:58:38 PM
It is all reasonable what you say, being careful, going small, and not being too ambitious. One thing I wanted to comment, though:
You should never allow to be trapped. And there are ways to avoid it. That's why stop losses were invented. If you trade without stop losses, sure, you will be trapped if the trade goes in the wrong direction. But why would you allow that. Better to lose a small part of your portfolio than to be trapped.
but for example we are very ambitious and not careful in trading your day, it will all cause us will be trapped,
You should never allow to be trapped. And there are ways to avoid it. That's why stop losses were invented. If you trade without stop losses, sure, you will be trapped if the trade goes in the wrong direction. But why would you allow that. Better to lose a small part of your portfolio than to be trapped.
May 16, 2019, 02:51:59 PM
yes and indeed that is exactly what we have to do even though sometimes the feeling of dissatisfaction with what we have always comes up, in other words we should not be greedy because if we are too greedy then we can lose a profit that should be in our grasp.
May 16, 2019, 02:46:12 PM
That's true. We could set a target goal and aim for the best but we should not be greedy because it could mislead us and might ruin our strategy. We should focus on gaining a reasonable profit. If you're a smart trader, you could still gain a good profit no matter what the situation of the market is.
greedy could make our trades messy.the profits that we collected in previous trades could be losses and ofcourse we will regret with our strategy.focusing in our target and don't changes it will help us to survive. 
May 16, 2019, 02:42:23 PM
let us trade well without ambition to get big profits, the desire to get big profits in trading is very reasonable, of course, but for example we are very ambitious and not careful in trading your day, it will all cause us will be trapped, and in trading avoid panic for example there will be a decline, because you have to think that prices will be able to rise again, let's trade with our self-speculation which of course can be even better again.
The thread title should changed to trade carefully "while" aiming for big profits.
Like you said it's reasonable to have a desire for big profits but I'd rather see a new trader who will have an ambition like that so that they will push for it. Of course along the way, they should properly follow some of the trading protocols so that they will reach their target in a right path.
Controlling oneself might be a problem as emotions are always there. What matter here is, always continue to trades. Experienced will be the great foundation of anyone in order to have a successsful trading experience.
May 16, 2019, 02:31:30 PM
Good stuff op. Firstly, invest only what you are willing to lose. Secondly, I advise long term HODLING instead of day trading unless you are confident that you can manage trading in the short term through research and sufficient experience.
Everyone knows that you need to trade smartly to earn healthy profits in this volatile market.
Everyone knows that you need to trade smartly to earn healthy profits in this volatile market.
May 16, 2019, 02:24:28 PM
That's true. We could set a target goal and aim for the best but we should not be greedy because it could mislead us and might ruin our strategy. We should focus on gaining a reasonable profit. If you're a smart trader, you could still gain a good profit no matter what the situation of the market is.
May 16, 2019, 02:12:45 PM
There's a pretty simple way to counter being too greedy in your trades. When you make a trade, set limit orders (and any applicable stoplosses under your entry) where you want to close out your order and leave them there, and make sure you adhere to whatever plans you have as well. You might miss out on potential profits and take profit too early, but that's better than holding through a pump just for it to fizzle out and retrace and perhaps end up in a loss.
Also remember there is always a better entry out there if you ever feel bad about where you exit a trade. If things go wrong, wait and look for another good entry. Patience pays off in trading.
Also remember there is always a better entry out there if you ever feel bad about where you exit a trade. If things go wrong, wait and look for another good entry. Patience pays off in trading.
May 16, 2019, 02:10:22 PM
Personally I never stopped trading through the bear market. I see BTC as the global reserve currency and therefore trade to increase my BTC stack. Still, even through BTC dropping 70+% in value, my USD value has gone up tremendously.
Professional traders practice their craft in (almost) all types of markets.
Professional traders practice their craft in (almost) all types of markets.
May 16, 2019, 01:20:15 PM
let us trade well without ambition to get big profits, the desire to get big profits in trading is very reasonable, of course, but for example we are very ambitious and not careful in trading your day, it will all cause us will be trapped, and in trading avoid panic for example there will be a decline, because you have to think that prices will be able to rise again, let's trade with our self-speculation which of course can be even better again.
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