Topic: Trade with caution - page 3. (Read 670 times)

You are right that experience should be gained before investing in any platform. Crypto currency market is a volatile market where you can make good profits at any time and risk of loss is always there. Market knowledge and experience is essential before investing in the crypto currency market. Bitcoin is one of the most trusted crypto currency in the crypto currency market, but even in Bitcoin you need to be fully aware of a well-timed entry. There are many other crypto currencies in the market. In which you have to do complete research and information about them before investment, to minimize your risk of loss, because a good choice can give you a good profit. This is only possible when you have experience, knowledge and are learning about the crypto currency market.

At this point I think we getting things mixed up here , as crypto investments in this space involve hodling of coins and investors have no risk of being liquidated which happens when trading with a broker!!
So not sure of what experience these investors told...

You will be shocked that with bitcoin investments , you can use a simple strategy of buy and forget and by the time you be coming back after a few months or years your portfolio could have 3X or 5X or maybe even more its all about how much hype has been generated.

Agree completely. Even if you have a lot of knowledge and a good understanding of the market and the economic situation in the world, as well as experience and the right environment, this may not be enough if a person is greedy and does not know how to control himself. If this happens several times, then this is normal and everyone goes through it, but if it happens all the time, then this is not good. The ability to exit a trade in time distinguishes a good trader from a bad one.

Trading and investing are not the same thing. No matter what experience you have, what knowledge and skills to analyze, trading will always be a risky business.

Very important factors are greed, fear, psychology, the ability to control yourself, to benefit even from losses, to treat the gain of money as a valuable experience and not a loss. Many even experienced traders do not know when to exit a trade, even when there is a good gain, this is greed, it can harm
Also, one of the most important conditions is not to trade with money that you cannot lose. This can cause big problems. Also, you should not start trading without having studied the market, the state of bitcoin and the financial situation in the world.

Well, in that particular reason if they didn't sell when Bitcoin already kick its price value due to He/She wants to wait a little while, obviously, he doesn't notice that he is becoming greedy or where it can happen that instead of having a large income, suddenly if there is a massive dump and his income from handling Bitcoin will be reduced significantly. Where as a trader, we must be content and be satisfy on the time frame wet it up.

Greediness in trading is when you have reached your target but refused to exit the trade and it's not because you saw more potential upside movement from the market but you're just greedy and wants to make more money from the market. We should always be satisfied with the profits we have and take profit first then if you see an upside movement, you can reenter the market. Greediness is the reason many individual has lost so much money to the market.

Greediness makes you to go against trading with caution, and when you don't trade with caution you're putting yourself at risk of losing to the market. As a trader you should always put in precautions measures so you don't lose to the market as that can be very frustrating.

While it is necessary to acknowledge the feeling that may have made one trade recklessly, let's not forget that adherence to some simple rules or tricks that have been discovered by expert traders would be helpful.

One of those tips is the one of using multiple time zones/frames as you would understand, inorder to ascertain the price at different zones at different time intervals. It is quite helpful once you as a starter trader get to know what to expect and the best time to trade, irrespective of your location or zone.

However caution is still always adviced until the pattern or strategy to trade best is discovered individually.

Greediness is the main reason why many traders fail because such feeling will now be controlling their minds and usually makes decisions wrongly. Indeed, controlling such emotion is the key to success but unfortunately, it becomes a challenge for them that is why, despite the fact that they are trying to do it, they still fall into such things from time to time until they give up. That is why for so many traders that have been in the crypto space, only a few heading in the right direction and succeed while many had gone failing.

Human beings are naturally greedy on which i do really agree on what you do have said on which there would really be no satisfaction and this is why they would really be taking up shortcuts on whatever things that they do get engaged on specially if we do see that we are really that able to make profits on short time period. This is why it would really be that resulting into this kind of action
on which you would really be hurrying up yourself on doing things just because you cant really that able to wait up for the outcome.

We do always mind off about easy money without even trying out realize on what are the things that you should really be done first for you to be able to reach out such condition or situation.
You cant really just make yourself able to reach out a certain state without experiencing that hard work and effort and time that you would be needing to put up.
Not everything you do seem to be simple are actually to happen because its impossible that you wont really be able to notice it out.

You know it’s hard to satisfy oneself and not wanting more because we are born greedy and hence, without satisfaction. And if greedy people decide to trade, it will be a struggle for them fighting their own greed and emotions. That’s the reality, but despite it, there are still good number of traders who have overcome that and end up trading successfully. Aside from controlling its greed and emotions, patience also matter so you can perfectly trade your coins at its best and reasonable price.

For successful trading, in addition to knowledge, you need to have good intuition. No trading tool is absolutely accurate. That is why intuition comes to the rescue. It is honed over the years, but you need to have patience. In addition, you need to have strong enough nerves to try not to take hasty actions

Trading is definitely not everyone's cup of tea, especially if we talk about day trading or scalping which means that you buy and sell assets within a very short period of time to book some profits, which is what almost every single trader does when they say they are traders, you can barely find people who do long term trading like holding for a week or so so that the profit margin goes higher than the short-term trades we discussed earlier.

Having enough knowledge and experience is obviously required to become a trader or a successful trader, without enough knowledge about the market and the cryptocurrencies, and also not knowing the tools and analysis techniques will make you have a hard time trading different cryptocurrencies.

First of all I would like to clear your mind that trading isn't risky for those people who have a proper plan and follow a well developed and tested strategy. Mostly the traders lose money because they start trading with the pump-dump coins and that's the main reason for their loss, as those pump-dump shit-coins are valueless and if someone trades those in greed then the person will lose his/her capital when those coins see a huge dump.

I would also like to make you sure that the ones who do Bitcoin trading will never be disappointed if they follow a well developed strategy based on the sentiments and technical indicators because such strategies will finally make those traders be at profits instead of losses. The Bitcoin trading isn't for newbies and in that case I agree with you, but it can be learned within few weeks if someone is truly devoted into it.

I don't think that a good trader ever needs to withdraw his money because if he's earning a good amount of profits from his trading then he will only withdraw the profits instead of the whole capital.  Well, I know greed is a worse type of emotion that could cause huge damages, but instead of greed if we have patience then things wont be bad for a trader even if he holds his coins for a little longer period to earn some more %age in profits.

sometimes we are stronger to hold in floating minus conditions than in floating plus when bullrun occurs. the impatience to wait for the target to be picked up is often done, or even many are greedy to take advantage. things like that should be corrected in terms of our mentality considering that many losses occur as a result of such behavior. the same thing when we are about to make a transaction, the impatience in waiting for the market to enter the buying area is a concern too

I agree; greed in trading is not only intended to those who lose a lot but also those who win a lot. They trade so quickly in order to get rich quickly without a clear setup seeing in the market. Most of the time, they believe that trading is simple, not realizing that it simply returns their profit to the market. This is something I've experienced before.

We all know that the market is fractal but the smart money always finding where our stop loss are to be liquidated. That's why enhancing our setup is a must especially if the win rate is getting lower.

Endurance and emotion handling on which this would really be the best thing that you should really be having on the time that you would really be deciding on touching up that trading thing. Everything should really be considered out from your emotion to your mindset on how you do deal up with things.Never ever put up into your mind that it would really be that so simple on dealing up with this market.
Always trade with caution and as much as possible you should really be that lessening up the risk as minimal as possible, this isnt a race or  shall we say not a sprint but rather it would be a marathon.
To those traders who do able to withstand different market conditions and able to sustain himself are the ones who would really be lasting out longer compared into those people who do rush up
on making or taking decisions just because of being that impatient.

More than anything what investors need is to have tough skin, as it is impossible for things to always go our way, and as such an investor will eventually make a mistake and if they are not able to endure it then they will sell for a bad price and lose money, this is exactly what happened to the people that invested near the ATH on 2021 and 2017, and the majority of them were simply unable to keep holding their coins due to their frail mentality.

Trading needs concentration but investment does not need much concentration because you invest certain amount and then you wait until it rise to give you huge profit. Knowledge is necessary for both trading and investment, the rate of success will be more if you have more experience and more understanding about the basics.

Greediness is not a good way in trading and investment but you have to take appropriate steps whenever the price changes. As now the price is higher so it does not means that if you wait for more enhancement in price price you will be greedy but it means that you have knowledge about past that after four years halving occurs which has positive impact on worth of bitcoin. Sometimes waiting is profitable but if you know the fact and this is not consider as greed but on other hand when you know that price will not increase more than this then selling for getting profit is will be suited well.

Greed is nothing but will only delay our profit making, or the reason that we’ll not be profitable anymore. That’s why when you invest or trade, learn to control your greed because that will only ruin your focus on the right timing when to sell and make profits. In the end, greed will only cause you to suffer because once you’re in a state of being greedy, you are losing the opportunity to progress but instead, you are all doomed for losses.

The thing is that op contradict both trading and investment and also made mention that both are job, but I want to let op and also you know that trading and investment in cryptocurrency is not a pronounced job its called side hustle, and it's very obvious that before venturing into this kind of investment you have to scrutinised well to know the factors behind achieving of success and also the rudiments of what you are about to venture into, some people today doesn't know exactly the difference between investment and trading, when they make a proper research concerning both they will be able to figure out differences from my perspective.