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Topic: Traders Stop Being Greedy. - page 10. (Read 2813 times)

legendary
Activity: 2226
Merit: 1086
duelbits.com
May 01, 2022, 05:58:36 PM
#79
No trader is perfect but mastering coins you trade on can help you, remember trading is like a gamble you either gain or loose.
No, it isn't like a gamble, there is a difference between trading and gambling. If you only want to gamble on your coin, you don't need to master your coins. Learning everything about the chart patterns, the fundamentals, current issues, or a proper strategy to use, is a part of trading activity regularly. This makes the opportunity to earn profits higher, so we don't gamble whether gain or lose. That's why the better understanding of this, the safer it is to trade. This is something we cannot find out in gambling.

hero member
Activity: 2828
Merit: 518
May 01, 2022, 05:22:06 PM
#78
Your decision making will be affected by it and with those positive results for sometimes that you think of.

It could be much more than that and you'll usually bear losses because of that attitude towards the market. That is why it's better to think neutral and always in discipline.
We neither use our emotions to decide and never let our greed deceives us for I am sure this never has good results, we ended up in regrets.
I know we can't rid of this greed in our life but having it controlled, seems fine.

To become a trader we don't just focus on how we earn a profit, we'd also have to learn how to manage our emotions. Wrong decisions come and result from losses because of these things.
legendary
Activity: 2268
Merit: 1655
To the Moon
May 01, 2022, 01:55:30 PM
#77
In my opinion, the right time is when we start buying red, sometimes when it's green, I can't control my lust, always wanting bigger and more numbers, makes me hesitate to sell when it's green, and in the end I lose, not according to what expected,

It will be right when you buy a coin, when it has finished adjusting and the price starts an upward movement. Such levels for buying are usually support zones and from which the price is usually repelled. But such a strategy should always be supported by a stop loss, which is set below the support level.
hero member
Activity: 3010
Merit: 794
May 01, 2022, 01:28:45 PM
#76
One of the reasons why traders loose money everyday in their trading is 'greed'. A trader will hear about a particular coins he wouldn't even do research or proper findings to know the future of the coins which he wants to trade his money on but rather the greed in the trader will push him to use all he has with the aim of making 4 or 5 times of his trading capital.
Traders are big risk takers so everyone should know what he or she is trading on so that when you loose which is normal, you will learn more.
No trader is perfect but mastering coins you trade on can help you, remember trading is like a gamble you either gain or loose.
Do not trade with everything you have,your egg can not be save in one basket, I have lost but I have gained more in trading with the help of research and mentorship programs.

Indeed, your words sound like the truth for every trader. The fact that many traders want to make a lot of money quickly and very often leads them to lose their funds. Yes, this is primarily a greed for quick profits, and therefore they ignore many rules. And the truth is simple, in order to be successful in trading, you need time to choose an asset for trading and study its potential. Ignoring this often results in a loss of both time and money, which ultimately turns many away from cryptocurrency trading.
If you cant control yourself or simply with your greed then you would really be ending up on lots of mistakes on dealing into this market.Whether you do make yourself wrekt or not
you would really still able to make some learning despite of those conditions.

Greed is never been a good behavior specially on trading and just like on what rest been saying that it would really the main reason on why you would really be
messing your trade.

Dont hurry and try to learn all things that you do encounter along the way.Dont hurry yourself on making profits because its a bad idea.
full member
Activity: 1946
Merit: 112
May 01, 2022, 01:09:50 PM
#75
One of the reasons why traders loose money everyday in their trading is 'greed'. A trader will hear about a particular coins he wouldn't even do research or proper findings to know the future of the coins which he wants to trade his money on but rather the greed in the trader will push him to use all he has with the aim of making 4 or 5 times of his trading capital.
Traders are big risk takers so everyone should know what he or she is trading on so that when you loose which is normal, you will learn more.
No trader is perfect but mastering coins you trade on can help you, remember trading is like a gamble you either gain or loose.
Do not trade with everything you have,your egg can not be save in one basket, I have lost but I have gained more in trading with the help of research and mentorship programs.

Indeed, your words sound like the truth for every trader. The fact that many traders want to make a lot of money quickly and very often leads them to lose their funds. Yes, this is primarily a greed for quick profits, and therefore they ignore many rules. And the truth is simple, in order to be successful in trading, you need time to choose an asset for trading and study its potential. Ignoring this often results in a loss of both time and money, which ultimately turns many away from cryptocurrency trading.
hero member
Activity: 2562
Merit: 586
May 01, 2022, 11:12:53 AM
#74
From the experience you convey, this has actually become a common problem where many people experience it. greed, diversification, and regret, but sometimes those mistakes repeat themselves. there are many experiences that we can learn from others, so we must be able to regulate it ourselves in order to control our emotions, and of course all of these things require practice
The only one who can control our emotions is ourselves and it's not an easy thing, it takes practice, of course, as you said,
the more experience we have, the more we learn so that we can develop better,
what is clear is that everything needs a process
Controlling emotions is also a bit of a personal thing as well. There are some people who control it easily because that is their character, and there are some who can't control it because that’s their character. Some take longer to learn how to remove emotions out of trading and may even fail time to time after many years, and there are some who take it out in the first month and never deal with that again.

So, even though it takes time for many people, there are personal differences and one person will not learn how to trade emotionlessly at the same period as someone else does, there will be differences for sure and you will have to just find your time.
hero member
Activity: 1400
Merit: 770
May 01, 2022, 01:54:12 AM
#73
sometimes greed bring positive result in our trade,for example let our profits run and cut our loss. without greed maybe our balance will stable and not growth .selling our token on bearish market was good ide, as i said before we should cut our loss in order to save our balance.

Everyone has this trait, but it's up to their management to control. Greedy excessively without the basis of technical analysis is stupid. I think many traders can buy but don't understand when the right time to sell it is. Greed also makes the crowd regret because in the end they did not profit and suffered losses. So many people say don't be greedy instead of advising us to be greedy. 
full member
Activity: 1834
Merit: 166
May 01, 2022, 12:50:24 AM
#72
Investing without amy research in this crypto market is proof that you will loose your funds easily as there are mostly scam coins which have this market strategy through paid influencers and pump the coin but after your greed pull you together to invest in it without looking at any thing you will have nothing left.Make decision based on your mind and research as regretting afterwards have no use.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
April 30, 2022, 06:53:17 PM
#71
sometimes greed bring positive result in our trade,for example let our profits run and cut our loss. without greed maybe our balance will stable and not growth .selling our token on bearish market was good ide, as i said before we should cut our loss in order to save our balance.
It's much better to think that you're not greedy.

You don't know what you are capable of doing if you include an emotion of greediness into yourself. Your decision making will be affected by it and with those positive results for sometimes that you think of.

It could be much more than that and you'll usually bear losses because of that attitude towards the market. That is why it's better to think neutral and always in discipline.
sr. member
Activity: 2506
Merit: 368
April 30, 2022, 06:29:23 PM
#70
In my opinion, the right time is when we start buying red, sometimes when it's green, I can't control my lust, always wanting bigger and more numbers, makes me hesitate to sell when it's green, and in the end I lose, not according to what expected,
Well, you gotta have to change your habit if you want a change.

Thinking always that you could make big profit by holding long when you see the chance to sell is a sign of greediness. Also if you want to buy when it's red you just buy and accumulate or do some TA and FA to secure your choices.

Greediness is the main reason why most traders or investors lost a lot in the process because they think it's not the right time to buy or sell when clearly the sign is in front of them.
sr. member
Activity: 1498
Merit: 443
April 30, 2022, 05:50:42 PM
#69
One of the reasons why traders loose money everyday in their trading is 'greed'.
Exactly, if we are only greedy without ay good management, we will lose more. This is the fact.
Just be greedy without any further analysis, again, we will expect too much.
Moreover, if we are greedy and also panic at once, it's likely the perfect combination to be a loser trader.

In my opinion, the right time is when we start buying red, sometimes when it's green, I can't control my lust, always wanting bigger and more numbers, makes me hesitate to sell when it's green, and in the end I lose, not according to what expected,
It's normal and many traders experience this.
But once we have certain management of the funds and risks, we can learn when to set the target price to take profits. It will depend on what kind of trading we are, daily, short term, or long term. the period of holding the coins will also influence the target price that we will take.
But actually, always while considering the news will also help us t determine the price to take profits, just be realistic and not to be greedy
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
April 30, 2022, 05:14:49 PM
#68
One of the reasons why traders loose money everyday in their trading is 'greed'. A trader will hear about a particular coins he wouldn't even do research or proper findings to know the future of the coins which he wants to trade his money on but rather the greed in the trader will push him to use all he has with the aim of making 4 or 5 times of his trading capital.
Traders are big risk takers so everyone should know what he or she is trading on so that when you loose which is normal, you will learn more.
No trader is perfect but mastering coins you trade on can help you, remember trading is like a gamble you either gain or loose.
Do not trade with everything you have,your egg can not be save in one basket, I have lost but I have gained more in trading with the help of research and mentorship programs.
Greed will always be a part of a trader, its only up to the trader how to control it or how not to make it as a hindrance in trading. Also, one reason that makes traders lose these days because they only see profits for short term. So even if they know those coins have only little potentials, they still invest in it. Yes, traders are risk takers so they should always see profits for long term profitability, and not only for temporary reasons.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
April 30, 2022, 11:00:54 AM
#67
That is not called trading. It's called investing. And yeah, some of the investors when they see the price of a coin or token skyrocketing, they go all in with the hope of getting rich over night. Unfortunately things don't go their way. They end up investing in some crappy coins that gets dumped and they lose everything. This is both greed and stupidity. Stupidity, because they know it's a shitcoin and they might get scammed, yet they love giving away their money to those scammers.
It's not worth it telling them to stop being "greedy". They know what they are doing, it's just that they can't take it when they lose their money.
sr. member
Activity: 1624
Merit: 341
Buzz App - Spin wheel, farm rewards
April 30, 2022, 10:36:22 AM
#66
Quote
From the experience you convey, this has actually become a common problem where many people experience it. greed, diversification, and regret, but sometimes those mistakes repeat themselves. there are many experiences that we can learn from others, so we must be able to regulate it ourselves in order to control our emotions, and of course all of these things require practice
I think greed always bring pain and regret at the end of the market. Many people has learned from other people experienced to always carry out their personal research before trading their coins in the market not to experience losses from the market than to embrace profits at the end of the trading in the market. I believe, it will be difficult for traders to be an hurry to sell their coins in this bear market season than to hold to kill the emotions of greedy at the moment, and to prepare for a brighter future.
sometimes greed bring positive result in our trade,for example let our profits run and cut our loss. without greed maybe our balance will stable and not growth .selling our token on bearish market was good ide, as i said before we should cut our loss in order to save our balance.
full member
Activity: 1358
Merit: 207
Catalog Websites
April 30, 2022, 10:25:00 AM
#65
Quote
From the experience you convey, this has actually become a common problem where many people experience it. greed, diversification, and regret, but sometimes those mistakes repeat themselves. there are many experiences that we can learn from others, so we must be able to regulate it ourselves in order to control our emotions, and of course all of these things require practice
I think greed always bring pain and regret at the end of the market. Many people has learned from other people experienced to always carry out their personal research before trading their coins in the market not to experience losses from the market than to embrace profits at the end of the trading in the market. I believe, it will be difficult for traders to be an hurry to sell their coins in this bear market season than to hold to kill the emotions of greedy at the moment, and to prepare for a brighter future.
full member
Activity: 411
Merit: 101
🦜| Save Smart & Win 🦜
April 30, 2022, 09:45:55 AM
#64
In my opinion, the right time is when we start buying red, sometimes when it's green, I can't control my lust, always wanting bigger and more numbers, makes me hesitate to sell when it's green, and in the end I lose, not according to what expected,
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
April 30, 2022, 08:22:25 AM
#63
Greed is one of the factors that traders fail when trading, if the greed that exists in us is not managed properly, then it will make us as traders will experience difficulties. Usually greed appears when the market is bullish, traders who are obsessed with big profits will delay selling the coins they have even though they are already profitable. Because they are too greedy and want to make even bigger profits. But this turned out to be
a problem when the coins suddenly dumped in a fast time.
Greed during the period when we buy and made a profit and we failed to sell because we are greedy could be prevented. We could simply put a stop loss above what we bought it and that will allow us to get a profit even if we do not sell it manually. However, greed that keeps us trading even after we lose, and keep us making the same mistakes because we want to make a profit after the loss is the same greed we have when we are trading.

It is basically a replicate of the gambler who loses money and chases that loss in order to profit and they end up making bigger mistakes. I am not saying that everyone will make the same mistake, but it is a similar one for sure.
full member
Activity: 1610
Merit: 103
The OGz Club
April 30, 2022, 04:01:23 AM
#62
From the experience you convey, this has actually become a common problem where many people experience it. greed, diversification, and regret, but sometimes those mistakes repeat themselves. there are many experiences that we can learn from others, so we must be able to regulate it ourselves in order to control our emotions, and of course all of these things require practice
The only one who can control our emotions is ourselves and it's not an easy thing, it takes practice, of course, as you said,
the more experience we have, the more we learn so that we can develop better,
what is clear is that everything needs a process
hero member
Activity: 1974
Merit: 534
April 30, 2022, 03:58:20 AM
#61
Do not trade with everything you have,your egg can not be save in one basket, I have lost but I have gained more in trading with the help of research and mentorship programs.

Amen to that. Diversification is one of the key elements to building a long term investment portfolio. This holds true when it comes to stock, bonds, commodity or crypto investing. Spreading out money across multiple assets reduces the risk profile considerably and helps to not lose too much during bad times. Greed is a normal human emotion, that most of us have experienced in the past. We need to train ourselves to not give into these gut feelings and remain strong. Both greed and fear will cloud our judgement and lead to the wrong decision making. Diversification helps here also, because if we own multiple crypto coins the risk of falling for greed to only pick the riskiest coin with the highest possible reward is limited. Mentor programs are also a good way to learn from more experience traders and maybe to copy their trading style.
hero member
Activity: 1113
Merit: 507
Don't Get Involved
April 30, 2022, 03:41:34 AM
#60
I have been stopping become greedy in cryptocurrency trading and is bad for me, ever have much money when my holding altcoin reach all time high and keep holding because I want get more profit again, but always late because all my altcoin holding drop and several kinds altcoin delisting on exchange market before become scam coins. Before late never become greedy receiving few percent profit from assets better sell and never hold it for long term. If you late for selling by waiting with higher price again loss chance with getting profit.
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