The spirit of greedy exhibited by traders

South Park

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Quote from: 9jaflick on July 15, 2018, 06:57:09 PM

We are all into Crypto for different reasons, Goals and aims, but one thing is for setting (Money) we all want to make in this industry.
Be a hodler, or a trader we are all have one goal that's to make
"Money"

Must traders lost their investments on daily basis because of the word greedy, we want to make 100% profit from a single trade, don't get me wrong, 100% profit is very much possible, but I call it greedy!
The fact is this, 90% of the market is based pump and dump, And Pump do last forever.
As traders we should learn to do away with the spirit of greedy when dealing with the market. Sell when you know you have made some profit and wait for the dip.

If you are a long term investor please don't follow all that's been said in the post, hold on to your coin

The problem are the unrealistic expectations of some traders, you cannot earn many times your investment in every trade and even more importantly you cannot win every trade, if your strategy depends on winning every trade then you are going to fail, sometimes the market will give good profits but sometimes you will be lucky to break even, anyone that broke even in the past months is a very good trader since the market was very difficult.

Biscutard

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Quote from: pooya87 on July 15, 2018, 11:31:52 PM

Quote from: 9jaflick on July 15, 2018, 06:57:09 PM

the market is based pump and dump,
hold on to your coin

right or wrong you are contradicting yourself!

if you know something is a pump and dump then you should not even be a long term investor in that thing let alone be holding on to that coin! that means you ARE greedy but also you ARE a newbie who has no idea how to work the market in its different phases.

what you need to do is to buy these altcoins when they are getting pumped and sell them to get rid of them fast before they started getting dumped.

Trying to buy when being pumped is way too risky specially to newbies, they might end up selling during dump than selling when in pump. Trying to act as greedy in the market won't make any difference when the market is moving. What we need is a chart to guide us when to buy and when to sell without being too greedy.

hurry_hore

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My definition of trader and investor is similar, the different is the time frame and frequency of transaction on the same coin/token. Traders will have more frequent transaction and probably more than 1 transaction in a day. By this situation, some trader will be loss even there is chance to get profit because of greedy, want to be more profit but the price suddenly dumped so no profit got. That is the greedy which kill the the traders.

Indrawan77

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Yes all of the traders aim is to get profit, and its really important to hold yourself against greed, there is a thin line between greed and confidence about the market, when you confidence its mean you are using the chart and data and then set the goal limit, if you are greedy it's mean you are just follow your heart without any data support, and if you trade with greed then the end of result won't be good

nicster551

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Quote from: 9jaflick on July 15, 2018, 06:57:09 PM

We are all into Crypto for different reasons, Goals and aims, but one thing is for setting (Money) we all want to make in this industry.
Be a hodler, or a trader we are all have one goal that's to make
"Money"

Must traders lost their investments on daily basis because of the word greedy, we want to make 100% profit from a single trade, don't get me wrong, 100% profit is very much possible, but I call it greedy!
The fact is this, 90% of the market is based pump and dump, And Pump do last forever.
As traders we should learn to do away with the spirit of greedy when dealing with the market. Sell when you know you have made some profit and wait for the dip.

If you are a long term investor please don't follow all that's been said in the post, hold on to your coin

This is absolutely true. I do also take profit when I have it even though for a little of it. It would still give you great profits in the future by compounding it and try to be constant with it until you reach your goal.

alfs75

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Quote from: 9jaflick on July 15, 2018, 06:57:09 PM

We are all into Crypto for different reasons, Goals and aims, but one thing is for setting (Money) we all want to make in this industry.
Be a hodler, or a trader we are all have one goal that's to make
"Money"

Must traders lost their investments on daily basis because of the word greedy, we want to make 100% profit from a single trade, don't get me wrong, 100% profit is very much possible, but I call it greedy!
The fact is this, 90% of the market is based pump and dump, And Pump do last forever.
As traders we should learn to do away with the spirit of greedy when dealing with the market. Sell when you know you have made some profit and wait for the dip.

If you are a long term investor please don't follow all that's been said in the post, hold on to your coin

Actually you have a point bro,but being also a greedy person will helps you to achieve your goal into this world of cryptocurrency investment, because as long as you used it in proper ways or procedure and thats no one would be in harm,otherwise being a traders you must cultivate sometimes of good reputation and being contented of what you have earn now and not to much greedy in order that you consistently gain a good profit,or better you hold it and wait for the right moment to earn in a right time.

VBCryp@

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Greed is a virtue that will kill you in this crypto market, if you are too greedy and expect high prices you will hardly sell pennies for profit, and you will miss out on many future opportunities. and at present.

electronicash

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its what traders do, if they buy at a cheap price nd soon dump with just few cents of price spike, it all depend to them. the old market also work that way. buying a ton and shorting at specific price like a sell wall is usual. call it greedy but thats how they do it anyway, its still a dog eat dog world.

Caladonian

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Different people have it's own interpretations about their investment, greed always follows when you are seeing potentials, most of the time greediness put us in a situations where we regrets good chances to earned, but sometimes being ambitious to such project that you trust your own assessment and not only relied with speculations bring also bigger gains, the last part of your post was clearly for those who understand the risk of this business, holding is far better than playing with the market sway.

Tactical Genius

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Well at the end of the day it all boils down to risk taking.Sometimes you have to take risks and that is a natural part of trading which of course can go in your favour or not but in any case,you have to take the risks with care when trading.Sometimes,it is just difficult to not be greedy especially when your guts are pushing you hard.

nydiacaskey01

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Not everyone is aiming for a 100% profit in a day. I would bet newbies in trading Cryptos after a week or two of trading would realize that 100% in a day is not possible. You may get lucky and get 50% if the coin you bought was pumped by a group but 100% is hard to achieve. Specially if you aim 100% daily, that's too much luck already. 3-5% per day in daily trading is possible.

richcorner100

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Yes i have learn much now from my mistake in trading, greedy and not patient make me loss in big money. But from that my mistake i was make new strategy for my trading activity, always lock some profit when the price going up, dont buy in peak price and wait patient for other dip to buy more.

richardsNY

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Quote from: ganjasmokingg on July 16, 2018, 12:01:30 AM

Recently, I lost more than $ 2k4 for greed. Bitcoin's price is at $ 9k and I have a profit of $ 3k2. But I was greedy and listened to my friends. I did not sell them and my current result is only $ 800. That was my first failure and I was very disappointed about myself.

How did you lose? You are still up $800 on paper, and as long as you haven't sold your coins you can still benefit from another leg up. You shouldn't pay attention to the fiat value of your coins since it only results in disappointment as clearly applies to your situation. How do you think long term holders can keep their coins for that long without getting tempted to sell? They discard the fiat value and are confident that selling means you are likely going to buy back your coins at higher levels. You aren't fighting against the market with all its fluctuations, but purely against yourself. You may not like it, but it's true. It's only a matter of logical thinking.

harizen

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Quote from: 9jaflick on July 15, 2018, 06:57:09 PM

We are all into Crypto for different reasons, Goals and aims, but one thing is for setting (Money) we all want to make in this industry.
Be a hodler, or a trader we are all have one goal that's to make
"Money"

Must traders lost their investments on daily basis because of the word greedy, we want to make 100% profit from a single trade, don't get me wrong, 100% profit is very much possible, but I call it greedy!
The fact is this, 90% of the market is based pump and dump, And Pump do last forever.
As traders we should learn to do away with the spirit of greedy when dealing with the market. Sell when you know you have made some profit and wait for the dip.

If you are a long term investor please don't follow all that's been said in the post, hold on to your coin

People have different strategies and approach so let them do what they want even how unhealthy it is. Others won out of being greed while on the other hand, others loss. It's a matter of how they will increase their chances of winning on whatever strategy they have.

Without mistakes and errors on the way, I doubt others will learned. So for me, it's fine to make loss, it's fine to become wrecked as long as in every mistakes, people learned and they are doing something to not let it happened again or they are minimizing their losses to have a wonderful winning stats.

Virtual miner

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Quote from: ganjasmokingg on July 16, 2018, 12:01:30 AM

Quote from: 9jaflick on July 15, 2018, 06:57:09 PM

We are all into Crypto for different reasons, Goals and aims, but one thing is for setting (Money) we all want to make in this industry.
Be a hodler, or a trader we are all have one goal that's to make
"Money"

Must traders lost their investments on daily basis because of the word greedy, we want to make 100% profit from a single trade, don't get me wrong, 100% profit is very much possible, but I call it greedy!
The fact is this, 90% of the market is based pump and dump, And Pump do last forever.
As traders we should learn to do away with the spirit of greedy when dealing with the market. Sell when you know you have made some profit and wait for the dip.

If you are a long term investor please don't follow all that's been said in the post, hold on to your coin

right. Recently, I lost more than $ 2k4 for greed. Bitcoin's price is at $ 9k and I have a profit of $ 3k2. But I was greedy and listened to my friends. I did not sell them and my current result is only $ 800. That was my first failure and I was very disappointed about myself.

Yes, I agree with you that most of the traders are greedy. Greed is a very dangerous evil which is natural characteristic of human beings. In the greed of earning more and more we might end up losing our money. The traders should have genuine aims. In the wake of earning huge profits, traders invest a lot of amount in the market expecting it to double but they should think that the market can fall also.

ganjasmokingg

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Quote from: 9jaflick on July 15, 2018, 06:57:09 PM

We are all into Crypto for different reasons, Goals and aims, but one thing is for setting (Money) we all want to make in this industry.
Be a hodler, or a trader we are all have one goal that's to make
"Money"

Must traders lost their investments on daily basis because of the word greedy, we want to make 100% profit from a single trade, don't get me wrong, 100% profit is very much possible, but I call it greedy!
The fact is this, 90% of the market is based pump and dump, And Pump do last forever.
As traders we should learn to do away with the spirit of greedy when dealing with the market. Sell when you know you have made some profit and wait for the dip.

If you are a long term investor please don't follow all that's been said in the post, hold on to your coin

right. Recently, I lost more than $ 2k4 for greed. Bitcoin's price is at $ 9k and I have a profit of $ 3k2. But I was greedy and listened to my friends. I did not sell them and my current result is only $ 800. That was my first failure and I was very disappointed about myself.

Ramtapsbtc

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Activity: 364

Merit: 10

Quote from: 9jaflick on July 15, 2018, 06:57:09 PM

We are all into Crypto for different reasons, Goals and aims, but one thing is for setting (Money) we all want to make in this industry.
Be a hodler, or a trader we are all have one goal that's to make
"Money"

Must traders lost their investments on daily basis because of the word greedy, we want to make 100% profit from a single trade, don't get me wrong, 100% profit is very much possible, but I call it greedy!
The fact is this, 90% of the market is based pump and dump, And Pump do last forever.
As traders we should learn to do away with the spirit of greedy when dealing with the market. Sell when you know you have made some profit and wait for the dip.

If you are a long term investor please don't follow all that's been said in the post, hold on to your coin

Some investors or traders focus in their emotions to bring them under control, there is no doubt that strong emotions like fear ,greed and others can affect trading,bear in mind that,successful trading is always based on cold premeditation and risk management.

pooya87

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Quote from: 9jaflick on July 15, 2018, 06:57:09 PM

the market is based pump and dump,
hold on to your coin

right or wrong you are contradicting yourself!

if you know something is a pump and dump then you should not even be a long term investor in that thing let alone be holding on to that coin! that means you ARE greedy but also you ARE a newbie who has no idea how to work the market in its different phases.

what you need to do is to buy these altcoins when they are getting pumped and sell them to get rid of them fast before they started getting dumped.

9jaflick

sr. member

Activity: 728

Merit: 254

We are all into Crypto for different reasons, Goals and aims, but one thing is for setting (Money) we all want to make in this industry.
Be a hodler, or a trader we are all have one goal that's to make
"Money"

Must traders lost their investments on daily basis because of the word greedy, we want to make 100% profit from a single trade, don't get me wrong, 100% profit is very much possible, but I call it greedy!
The fact is this, 90% of the market is based pump and dump, And Pump do last forever.
As traders we should learn to do away with the spirit of greedy when dealing with the market. Sell when you know you have made some profit and wait for the dip.

If you are a long term investor please don't follow all that's been said in the post, hold on to your coin

Topic: The spirit of greedy exhibited by traders (Read 235 times)