Traders Stop Being Greedy. - page 11.

slaman29

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Quote from: South Park on April 28, 2022, 08:56:10 PM

It is very common that newbies get jealous of the success of older traders and investors and in their desire to get the same profits they decade to take risks that are excessive, like investing in shitcoins or using a lot of leverage, and unfortunately this is not really the way to produce profits in the markets, now it is true there is a minority that have made money that way, but as stated they are a minority, while the majority that try that strategy lose so much money that a recovery is practically impossible at that point.

Newbies who're not real traders and just wanna be rish boys, they'll be jealous of anything. Playground mentality, where everyone's jelly of something someone else has, even if they already have it!

But back to title, you know what? I want traders to always be greedy. More trading, more interest, more volume, more fundamentals for Bitcoin. Win or lose, we win

Ararbermas

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Quote from: GiftedMAN on April 26, 2022, 01:12:33 PM

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.

definitely a big mistake, because if you are a good trader you will not rely in any people that sharing a signals or information around the internet, wherein, instead you will rely which is very common and trusted assets to trade in the market, i mean those safe from rug pull and manipulation that can cause massive losses for example.

"Stop being greedy and be wise at the same time", because tbh if that's your routine of course you will end up losses after all.

nur rochid

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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

Findingnemo

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Greed is being a natural habit since the Humans evolved so it can't be completely eliminated but it can be controlled with the experience that is what the experience makes when it comes to anything. So anyone who is starting their trading career should go with less capital and once they made profits and gained enough experience can go with more capital or even compounding their profits can be good choice.

stomachgrowls

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Quote from: justdimin on April 29, 2022, 11:00:24 AM

Quote from: Adbitco on April 27, 2022, 08:30:43 AM

The fact is that we all trying our best to make sure making out a living will be easier for us which led me and you to engage in trading mostly we in the cryptospace, is moreorless of trial by error methods so whenever a new coin is bought is either we counted it to be at the ++ leading to being greed without adequate research and this mostly happens whenever such project announces to list in a reputable exchange or trading platform like Binance or any one else but without looking at the risk aspect of it.
We have to be mindful and keep pushing wisely

Unfortunately, too many people to that, it should be focusing a bit more on our own explanation for emotional responses to trading and less about trading itself. Trading is not an easy task, but we certainly make it super harder when we let our emotions take over and lead us while trading. This is why there are so many trading bots, you think they are there because they would trade better than a person?

A regular person configures it like any other trader should trade. The difference is that a trading bot wouldn't feel emotions, can't feel it, and it would just simply do what it should given by the commands and nothing more. A human could make mistakes based on emotions.

People should be realizing earlier as they should or could because you could really save up yourself into further trouble if you do make yourself that been aware initially.We know that mistakes could really

give out that kind of learning which it isnt really that bad either but we could really avoid it as much as we could and realize things that trading isnt something simple that you could engage and make profit on.Greed is always been a main culprit or problem on what ever investment or dealing with money you are into because this would in result into unrealistic kind of targets and beliefs.

Kelvinid

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Quote from: justdimin on April 29, 2022, 11:00:24 AM

Quote from: Adbitco on April 27, 2022, 08:30:43 AM

snipped...

Unfortunately, too many people to that, it should be focusing a bit more on our own explanation for emotional responses to trading and less about trading itself. Trading is not an easy task, but we certainly make it super harder when we let our emotions take over and lead us while trading. This is why there are so many trading bots, you think they are there because they would trade better than a person?

A regular person configures it like any other trader should trade. The difference is that a trading bot wouldn't feel emotions, can't feel it, and it would just simply do what it should given by the commands and nothing more. A human could make mistakes based on emotions.

Well, that will always depend on how a trader responds to the market. Greediness is certainly hard to control if they will let their emotions decide what they do, then it was over. They can't survive in trading, honestly. Then I think we should be like bots that have no feeling of this only be the way to succeed here? But I believe this is not the solution, we should have to control ourselves slowly until we got it, it takes time however this is very important that we need to achieve otherwise.

Emitdama

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Quote from: endut15 on April 28, 2022, 07:53:54 PM

Many new traders come to crypto because of the influence of many successful people in crypto in investing long term as well as short term. They do not want to know the extent of the struggle and experience of the old traders in facing failure until they are successful. Being a trader must have skills, good at analyzing and our knowledge of the market is also broad. Their beginner habits are often greedy, because they arrive late, so the get-rich-quick mindset has always been a fantasy for them. In the end they lost everything.

There are people that I see online that only post their profits but I don't see them post their losses. I don't know if they are real traders but they are mostly scammers I guess. It was also their fault because newbies will see their posts and think that crypto trading was too easy. We don't need to put all the blame to the newbies. Not all newbies are greedy but some of them are humble and willing to learn.

It was the experienced trader that are mostly greedy because they already know how to pull off a profit but sometimes they are not contented with the profits that they are getting so they will push more. Newbies shouldn't think that they are late because crypto prices are dropping and there are new coins that are not scam. They can get on it early.

justdimin

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Quote from: Adbitco on April 27, 2022, 08:30:43 AM

The fact is that we all trying our best to make sure making out a living will be easier for us which led me and you to engage in trading mostly we in the cryptospace, is moreorless of trial by error methods so whenever a new coin is bought is either we counted it to be at the ++ leading to being greed without adequate research and this mostly happens whenever such project announces to list in a reputable exchange or trading platform like Binance or any one else but without looking at the risk aspect of it.
We have to be mindful and keep pushing wisely

Unfortunately, too many people to that, it should be focusing a bit more on our own explanation for emotional responses to trading and less about trading itself. Trading is not an easy task, but we certainly make it super harder when we let our emotions take over and lead us while trading. This is why there are so many trading bots, you think they are there because they would trade better than a person?

A regular person configures it like any other trader should trade. The difference is that a trading bot wouldn't feel emotions, can't feel it, and it would just simply do what it should given by the commands and nothing more. A human could make mistakes based on emotions.

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Quote from: Emitdama on April 28, 2022, 01:30:47 PM

Another thing I would also like to point out is that some traders are fond of listening to some of their friends who don’t have any good experience or skills tell them which coins that they are meant to be buying in the market. I met one as of recent who told me that someone told him to buy a particular coin and he was going to invest it in it without doing any good research.

When I researched on the coin that he was told to invest in, it happened not to be a good coin and I told him to stay away from it. If you don’t know what to do, it's better that you just go with bitcoin and Ethereum.

Trading or buying coins blindly will end up losing instantly. Listening to an inexperienced trader isn't actually bad but to believe what they say is something different. We should consider being knowledgeable about something rather than relying upon someone that only new to the market. Being greedy is very understandable and might all of us had carried that but if we thought this will lead to losses, I don't think we dare to let this happen to us.

LastKiss

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Quote from: GiftedMAN on April 26, 2022, 01:12:33 PM

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.

I agree when it comes that traders should not become greedy but we can trade with everything we have as long as we can afford to lose it and when it comes to safety it's true that we shouldn't put all our money in one asset only and not in one platform. When we can manage our greed we can earn a stable profit, I'm sure of it because greed only makes us lose our opportunity.

livingfree

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Quote from: AicecreaME on April 29, 2022, 06:44:43 AM

There's nothing wrong with being greedy, well in a positive way though, not being greedy without any solid plan for assurance that you're really gonna get profits for being greedy. Being greedy without any well thought technical analysis is a waste of money, time, and effort. Trading is consist of so many things in order to be a successful trader, patient and emotional discipline is the most important to control the rest.

Well, greediness in all aspect is bad.

Just be moderate and be satisfied with those gains that you have because whether you think being greedy is good in the perspective of profiting and you can control yourself.

There could be a moment that you can't control yourself and you're just going to see that you've gone too much and, that's why it's not going to benefit you that much even you say so having a positive result by being greedy.

GiftedMAN

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Quote from: AicecreaME on April 29, 2022, 06:44:43 AM

There's nothing wrong with being greedy, well in a positive way though, not being greedy without any solid plan for assurance that you're really gonna get profits for being greedy. Being greedy without any well thought technical analysis is a waste of money, time, and effort. Trading is consist of so many things in order to be a successful trader, patient and emotional discipline is the most important to control the rest.

Being greedy in a positive way sounds nice, but we need to know this, a patient trader is not a greedy trader. Any trader who is disciplined can not indulge in a risky trade knowing what the out come will be( Loss). Believe it or not no matter how good you are in trading, once your greedy you won't stop trading even when the signals are bad, this situation is often seen when one is making profit and there's a sudden change, a greedy trader wouldn't want to stop trading.

AicecreaME

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There's nothing wrong with being greedy, well in a positive way though, not being greedy without any solid plan for assurance that you're really gonna get profits for being greedy. Being greedy without any well thought technical analysis is a waste of money, time, and effort. Trading is consist of so many things in order to be a successful trader, patient and emotional discipline is the most important to control the rest.

bitterguy28

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Quote from: GiftedMAN on April 26, 2022, 01:12:33 PM

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.

There are many types of traders attitude and behavior and one of those are the Risk taker in which they may be called greed? but the truth is they are just can carry the risk but expecting big in return so never look at them as a greedy instead they are willing to do everything just to be satisfied.

Quote

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.

You are not pointing about greediness here mate , instead you are talking about those who have no Big knowledge but tries to invest and look for big return.

Benefactor

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They will not unveil everything except you will get a substance of what is happening that will give you thought on the most proficient method to exchange their coin. In the event that it tends to be stayed away from, then, at that point, it's a mix-up with respect to the broker, either because of indiscretion or an excess of ravenousness, and that would be the terrible thing here, it resembles overstretching what you can really approach.

Nrcewker

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Quote from: GiftedMAN on April 26, 2022, 01:12:33 PM

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.

First of all trading is not gambling.
So it’s impossible to make 4 or 5 times of the capital investment in stipulated period of time.
And yes regarding the greeed I completely agree on it.
Greed is the factor that plays an important role in the trading business.
If you can’t control your greed, then definitely you will face the losses.
Before investing in any coin, always we need to check the coin’s history and predict the upcoming growth or downfall.
In this way we can be saved from doing loss.

South Park

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Quote from: endut15 on April 28, 2022, 07:53:54 PM

Many new traders come to crypto because of the influence of many successful people in crypto in investing long term as well as short term. They do not want to know the extent of the struggle and experience of the old traders in facing failure until they are successful. Being a trader must have skills, good at analyzing and our knowledge of the market is also broad. Their beginner habits are often greedy, because they arrive late, so the get-rich-quick mindset has always been a fantasy for them. In the end they lost everything.

It is very common that newbies get jealous of the success of older traders and investors and in their desire to get the same profits they decade to take risks that are excessive, like investing in shitcoins or using a lot of leverage, and unfortunately this is not really the way to produce profits in the markets, now it is true there is a minority that have made money that way, but as stated they are a minority, while the majority that try that strategy lose so much money that a recovery is practically impossible at that point.

endut15

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Many new traders come to crypto because of the influence of many successful people in crypto in investing long term as well as short term. They do not want to know the extent of the struggle and experience of the old traders in facing failure until they are successful. Being a trader must have skills, good at analyzing and our knowledge of the market is also broad. Their beginner habits are often greedy, because they arrive late, so the get-rich-quick mindset has always been a fantasy for them. In the end they lost everything.

Rengga Jati

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Again, this is the basic emoyional management when we are especially doing trading in cryptocurrency.
Never be greedy.
Greedy will always end with something bad and maybe losses. Many people regret about something because they were too greedy in such sutuation.
Just be wise enough in order to get the profits, as realistics.never over confident and be greedy if something that is still unpredictable

macson

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Quote from: iged_war on April 26, 2022, 05:49:33 PM

Quote from: GiftedMAN on April 26, 2022, 01:12:33 PM

One of the reasons why traders loose money everyday in their trading is 'greed'.

beside greed,they also have no skill to put they order in market. by analizing chart and set money management such as stop loss or any thing else it could avoid us from lossing money .greed maybe happen for whom have profits in their trades but still expecting more till price fallen and profits become loss. having big position and didnt applied money management also be why reason why alot traders liquidate.

Greed remains in the first place that makes many traders lose money, making themselves aware not to be greedy when trading is something that all traders need, when it is successfully mastered, the trading knowledge and market analysis that has been done will definitely be effective. i can say that trading includes emotional management.

Topic: Traders Stop Being Greedy. - page 11. (Read 2650 times)