GREED- It is always best to sell at the highest price and buy at the lowest. But that is very hard to achieve. So stick to your TA or target selling price and be contented with your profit. Greedy people would always adjust their sell order price when they see the green candles continuously rising. Their ask price gets higher and higher until it is not filled anymore. The price then begins to go down low. The greedy person waits for it to rise back to take back the lost potential profit. And you know how this will end. The lost potential profit balloons until no profit is to be taken. In trying to gain every cent or sat, nothing is gained at all. This is also true to setting buy order.
Greed is always a problem on me. There are times when i think that this is it, i am going to profit on this trade but wait till the price still surge but in the end it goes down which i regret on why i don't sell early. That is so frustrating that i almost give up trading. 
Topic: Top Three Emotions to Check to Succeed! - page 7. (Read 2412 times)
If a person fully would be absent these 3 emotions,it is likely that this man would be dead!And the control of emotions is developed by itself when it comes to your money.
Yes, but I think if we only prioritize self confidence it might also cover everything, because with high confidence it will make you always make good decisions and with confidence will also make you able to control emotions, when emotions can be controlled then it can avoid greed and fear depending on the situation.
If the level of confidence didn't able to hit up the red line then you are on the right track but if it exceeded then expect it would give an another effect.True that once you have confidence you will able to think up clearly and making decisions and trades according to your plans and handling mistakes and losses on a proper way.
Greed can be good,because it forces you to do something,in order to make more money.
Confidence is a big part of success.The lack of confidence can ruin your life.
I agree that fear can damage your trading performance,but it's a natural emotion,and often it keeps you from taking stupid risks.
Confidence is a big part of success.The lack of confidence can ruin your life.
I agree that fear can damage your trading performance,but it's a natural emotion,and often it keeps you from taking stupid risks.
I just want to emphasize this since people might misunderstand. Greed "can" be good, since it is really a good thing if you are taking it in another perspective. The thing is that it is a sin since greed is different from being desperate, from aiming something, you want money but you want more and you will never stop until you die. If you are so greedy and you want to attain something you will do it until you get that but after that, you should be comfortable with that, but we are talking about greediness here so...What I am saying is that greed make us attain something whatever it takes, but that made us attain something the bad thing is that it might go overboard.
I believe the fear of losing money is something more serious. people when they enter the world of crypto have or pass for the fear of losing everything, in my case for example when I bought bitcoin and days later the price dropped a lot I remember I went into panic and sold with losses , and to my misfortune days later the price fell again and I sold again at a loss. I had 90% losses... but I learned the lesson
Confidence can do great losses, the best option is to be rational, not to involve emotions
Yes, but I think if we only prioritize self confidence it might also cover everything, because with high confidence it will make you always make good decisions and with confidence will also make you able to control emotions, when emotions can be controlled then it can avoid greed and fear depending on the situation.
Confidence can do great losses, the best option is to be rational, not to involve emotions
I think even the HOPE is something that we should keep in check , sometimes we might hold onto even after the market goes down .
Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.
HOPE doesn't give results to what you wanted it will just lead you to some stressful moments everytime you thought about your investment.Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.
CONFIDENCE is the key and at the same time, FEAR will tell you to do the right thing because if you fail you know what will gonna happen next.
It is good to have confidence because it gives us courage but we also need to be very careful not to be over confident, and to me, I would rather replace that fear with passion, because whatever you have passion for, you would not want to fail in it, you would do everything possible for it to bring joy and happiness to you because you love it. Whatever you put your strength and might to out of passion is always quite successful than what you use fear to operate.
you are confident you would think up that you can do anything profitably without already following your own profitable trading system.We know the market
is unpredictable where it cant be similar from time to time this is why we should know how to use up our own risk management.
BIG ready to make money but don't it be much greedy to you keep that money and yourself just let your money make more money for you is the best way to become more successful in terms of financial. Yes it is easy to say what are the things needed but it is not much easier to follow that to become a successful one.
To commit yourself to follow some trading principle is hard and that is why only those that really do succeeded. We have many good advice on trading at this forum but to actually do those advise or implementing them when you are face to face with investing or trading decision is hard.I think even the HOPE is something that we should keep in check , sometimes we might hold onto even after the market goes down .
Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.
HOPE doesn't give results to what you wanted it will just lead you to some stressful moments everytime you thought about your investment.Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.
CONFIDENCE is the key and at the same time, FEAR will tell you to do the right thing because if you fail you know what will gonna happen next.
It is good to have confidence because it gives us courage but we also need to be very careful not to be over confident, and to me, I would rather replace that fear with passion, because whatever you have passion for, you would not want to fail in it, you would do everything possible for it to bring joy and happiness to you because you love it. Whatever you put your strength and might to out of passion is always quite successful than what you use fear to operate.
What I am aware of is the emotion of fear, for some reason fear sometimes haunts me when I want to sell. Every time I have some Bitcoin I am confused about having to sell it now or wait for the right time again but I am afraid if my expectations are not as expected so selling it now is a safe way.
That's a big problem if you have that fear with you, you will not be able to make a good decision when you are weak emotionally, you need to act like a professional and all your decision should be coming from careful analysis and initiate the action as needed. I think even the HOPE is something that we should keep in check , sometimes we might hold onto even after the market goes down .
Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.
HOPE doesn't give results to what you wanted it will just lead you to some stressful moments everytime you thought about your investment.Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.
CONFIDENCE is the key and at the same time, FEAR will tell you to do the right thing because if you fail you know what will gonna happen next.
What I am aware of is the emotion of fear, for some reason fear sometimes haunts me when I want to sell. Every time I have some Bitcoin I am confused about having to sell it now or wait for the right time again but I am afraid if my expectations are not as expected so selling it now is a safe way.
That's a big problem if you have that fear with you, you will not be able to make a good decision when you are weak emotionally, you need to act like a professional and all your decision should be coming from careful analysis and initiate the action as needed. Admittedly, I am also struggling. But I guess we really need to control them. What do you think?
That is the most difficult part. It's like you battle with your own self overcoming your emotion preventing to get ahead of you. It is not easy because it is part of the human nature, we aren't easily contented and crave for more.
Those who combine the state of no emotions but rather pure logic with long term planning and perseverance will win.
As humans, this is natural and I don't think we should be able to eliminate this since, as I said, we are humans. Instead of having no emotions, I guess we should just be able to control these emotions and stick to the decision making that we have that will increase the probability of us getting a profit. Emotions can hinder us getting profits but without emotions, we are not human.
I think even the HOPE is something that we should keep in check , sometimes we might hold onto even after the market goes down .
Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.
Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.
We have to control that emotion so it will not give a bad effect to us in trading especially if the price is down deeper. When the price is down, sometimes we feel sad and we cannot think of what we need to do and we only want to cut loss the coin before it's too late. But if we can control that three emotion, I am sure that we can find the solution on everything that might happen in the market and we could survive in any conditions. That will happen too if we see the price increase higher but we don't sell the coin because we want to make a bigger profit, that will prevent us to take the profit and we might lose the chance to get the profit.
These 3 traits can be positive and negative, even too overconfidence can be a bad thing for your investment, if you are too overconfidence you will not believe when there is a signal that price will fall, because you believe too much in your calculations, you must be smart in adjusting market conditions, be flexible dude Those who combine the state of no emotions but rather pure logic with long term planning and perseverance will win.
As humans, this is natural and I don't think we should be able to eliminate this since, as I said, we are humans. Instead of having no emotions, I guess we should just be able to control these emotions and stick to the decision making that we have that will increase the probability of us getting a profit. Emotions can hinder us getting profits but without emotions, we are not human.
What I am aware of is the emotion of fear, for some reason fear sometimes haunts me when I want to sell. Every time I have some Bitcoin I am confused about having to sell it now or wait for the right time again but I am afraid if my expectations are not as expected so selling it now is a safe way.
We need to control all of the emotion we have so we can stay calm, and we can trade without the emotion interfere so we can decide to trade. I think that will prevent us from getting a big loss in trading because we can get a solution whenever we get trouble in trading. Besides that, we can think what next we can do related to the market situations, and we can also be patient to wait for a while. But to control the emotion is not easy, and we need to practice more so we can handle the emotion.
Its a human nature to feel these emotions especially when you are into investment and greed is always on top and usually the hindrance to do the right decision. It happened to me many times, because of my greed to earn huge money and not contented with what I have I end up losing the opportunity that has been given to me.
That's why its important to have a control with your emotion and decide what's necessary for the particular situation. If you can do this then you can prevent yourself from committing the usual mistakes of investors who cant set aside their emotion.
That's why its important to have a control with your emotion and decide what's necessary for the particular situation. If you can do this then you can prevent yourself from committing the usual mistakes of investors who cant set aside their emotion.
Greed.
Yes, people love profit and they will do anything to achieve it.
It isn't wrong but they must aware especially on crypto trading is different league
Fear.
If you want to achieve something, you need to sacrifice.
You can just hide forever until die or die trying ?
Yes, people love profit and they will do anything to achieve it.
It isn't wrong but they must aware especially on crypto trading is different league
Fear.
If you want to achieve something, you need to sacrifice.
You can just hide forever until die or die trying ?
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