Traders Stop Being Greedy. - page 9.

MiF

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Quote from: GiftedMAN on April 26, 2022, 12:12:33 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.

Well the problem about greed of most of the trader is already known, and most of the trader know also about it, but they cant stop their self from being greedy because that was their natural response from the high volatility market and in the different market situation. Maybe soon trader many more traders can control their emotion and stop being greedy when they can get a lot of experience from the past trades that they experienced and they will learn to extend patience not only in trading but also on investing.

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Quote from: GigaBit on May 03, 2022, 04:16:30 AM

I fully support you in this concern. Never trade the full amount of your deposit. This will increase your risk and never make any trade in one basket.

Just don't trade with amount you cannot take to lose, the same with gambling. The risk will remain whether high or low budget in trading.

Quote from: GigaBit on May 03, 2022, 04:16:30 AM

If you can research and trade in different places that will minimize your risk. Don't falling down in the trap of greediness.

It's better to trade in one place or exchange where you're very familiar and comfortable of doing your trades. Avoid greediness and when it's time you see your trades win, don't waste another moment of enjoying them.

rby

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

,remember trading is like a gamble you either gain or loose.

Many people lose in trading and majority of the people that loses in trading are the people that are seeing trading as a gamble. If you see trading as gambling, you will keep loosing money. But if you see trading as a business and study it fine, you will gain.
Even in gambling, an experienced gambler will make more profit than an inexperienced gambler who only depends on luck to survive.

What you call greed can be summarised as risk management and it is a great factor in trading.

Fatunad

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Quote from: BobK71 on May 03, 2022, 12:25:34 PM

One of the things that works for most traders is how to get more profit which causes traders to move away from their trucks. A big problem for traders is that they use whole assets during trading which is completely foolish. They may think that if more assets are used then its profit will be more. But at one point they even lost their stored capital.

Just like when you do gamble on where you do start small and on the time that you had made out some profits or wins then this is the time you do make out some all-in kind of decision which is something
a gambler like kind of decision and on being greedy which it shouldnt really be tolerated when you are dealing with crypto trading because this isnt something that you could really that
bother out yourself on making out decisions which you know that could really mess up your entire analysis if you do have this kind of set-up.

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Quote from: lienfaye on May 03, 2022, 05:41:46 AM

Quote from: GigaBit on May 03, 2022, 04:16:30 AM

I fully support you in this concern. Never trade the full amount of your deposit. This will increase your risk and never make any trade in one basket. If you can research and trade in different places that will minimize your risk. Don't falling down in the trap of greediness.

Greed is a common problem of traders/investors who are eager to earn instantly, conducting a research before buying a certain coin is not a priority thats why it is resulting to losses.

We need to set aside our emotion and make sure that we're aware of what to do in order to minimize our losses.

Its not easy to be a trader but it can be learn with proper knowledge and experience.

Right! experienced and deep studying of the current market situation will give traders/investors a good advantage with to work

within this market, with your determination to succeed, you'll equip yourself and not just to jump to any conclusions without doing you

research, greed is part of either losing or winning a trade, it's depends on how you use it. For most cases, greed leads them to lose

but for some experienced traders, greed is what they need in patiently wait for the better value of their investment.

BobK71

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One of the things that works for most traders is how to get more profit which causes traders to move away from their trucks. A big problem for traders is that they use whole assets during trading which is completely foolish. They may think that if more assets are used then its profit will be more. But at one point they even lost their stored capital.

Pandu Geddon

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Quote from: Desscount on May 03, 2022, 05:22:39 AM

Quote from: GigaBit on May 03, 2022, 04:16:30 AM

I fully support you in this concern. Never trade the full amount of your deposit. This will increase your risk and never make any trade in one basket. If you can research and trade in different places that will minimize your risk. Don't falling down in the trap of greediness.

Yes it would be very risky if all our money was used for just one coin,
so it is very important to minimize risk as much as possible and also need to set targets at the beginning both to sell and buy,
if you feel you have made a profit, it's better to sell it and of course it depends on the analysis we have done previously

if the focus is on trading I think choosing just one asset is not a bad choice. especially for novice traders. don't have too many assets to trade, better focus on understanding some of the top assets in the market. that would be better than spreading the seeds across some asset that we don't know whether will be good or not.
but it will be different if it is done for investment. saving some assets will support us in managing the risks that can occur. In cryptocurrency, I think a deep understanding of assets, projects, and markets will be very important to develop our trading skills.

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Quote from: GigaBit on May 03, 2022, 04:16:30 AM

I fully support you in this concern. Never trade the full amount of your deposit. This will increase your risk and never make any trade in one basket. If you can research and trade in different places that will minimize your risk. Don't falling down in the trap of greediness.

Greed is a common problem of traders/investors who are eager to earn instantly, conducting a research before buying a certain coin is not a priority thats why it is resulting to losses.

We need to set aside our emotion and make sure that we're aware of what to do in order to minimize our losses.

Its not easy to be a trader but it can be learn with proper knowledge and experience.

Desscount

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Quote from: GigaBit on May 03, 2022, 04:16:30 AM

I fully support you in this concern. Never trade the full amount of your deposit. This will increase your risk and never make any trade in one basket. If you can research and trade in different places that will minimize your risk. Don't falling down in the trap of greediness.

Yes it would be very risky if all our money was used for just one coin,
so it is very important to minimize risk as much as possible and also need to set targets at the beginning both to sell and buy,
if you feel you have made a profit, it's better to sell it and of course it depends on the analysis we have done previously

GigaBit

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I fully support you in this concern. Never trade the full amount of your deposit. This will increase your risk and never make any trade in one basket. If you can research and trade in different places that will minimize your risk. Don't falling down in the trap of greediness.

Captain Corporate

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It is not about taking the profit and leaving, it is about how much of it do you really think is enough. If you say enough to %1 in a crypto market then you are out of your mind, that is very little and could happen every single day up or down. If you think that you should be making %500 per day, we all know that is impossible as well. So what should you look at? What is it that you could make a profit from and be happy and leave? Is it %10 and leave? Is it %3? What is the realistic number when you trade that you should get out? I personally do not know, it changes each time, but it is certainly not being greedy, its miscalculation that makes me keep holding.

retreat

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Quote from: blackened515 on May 02, 2022, 10:45:45 AM

Quote from: CryptocurencyKing on May 02, 2022, 09:52:39 AM

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Also Laziness have also contributed to the downfall of many traders. Many traders especially Newbies are so lazy to conduct their personal research before putting their money on a particular coin. Although, I understand that making research doesn't guarantee that you won't lose. But, I'm quite sure that it definitely reduce lost In trade. However, trades should normalize trading the amount they can afford to loose.

Doing research first on an asset to be purchased is a must that must be done by a trader, without doing that, the trader will only buy assets based on guesses without knowing the potential and future shortcomings of that asset. lazy and greedy traders will never make a profit.

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Quote from: Yamifoud on May 01, 2022, 05:22:06 PM

Quote from: boyptc on April 30, 2022, 06:53:17 PM

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.

Controlling it is the key.

But if you go around and check a lot of people that are into it, you'll barely see people would be experiencing it the way we're thinking like how they're controlling.

They're only able to control it when they've lose that much and that has taught them a lesson that it's an immediate action before they lose everything.

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Human greed does not escape, of course, we must be able to manage it properly. for example, we don't just use one account on one exchange, but we have to create it again and this is specifically for high-risk trading, so our emotional outbursts are in that one special account. Of course, do not use a lot of capital, but with a little capital and if successful then the achievement of thousands of percent is very possible. and of course there is the main account, which we run with great calculation

Human greed has no limitations, you could get rich beyond your wildest expectations and you will still want to get richer and that's the problem. If you end up with a lot of money, like let's say 100 billion dollars, there is no reason why you shouldn't stop and just simply enjoy life and have fun, but for some people that's not enough and they try to get even richer, no idea why that is.

I hope that there is a good chance to be made about the fact that people could learn to grow maturity and say enough with crypto at least, because in fiat world we keep seeing richer and richer people at the top, I remember back in the day the richest person had 30 billion dollars, now it's ten times that much.

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Quote from: blackened515 on May 02, 2022, 10:45:45 AM

Quote from: CryptocurencyKing on May 02, 2022, 09:52:39 AM

Never the less, greed has been the downfall of many traders and the reason why, most tends to make a few and loose even more. Because, they want to get everything they see on the chats. Not trading gives them the impression of they are loosing or missing something and should they trade, they end up loosing. In essence, not trading could be saving your a** from loses.

Also Laziness have also contributed to the downfall of many traders. Many traders especially Newbies are so lazy to conduct their personal research before putting their money on a particular coin. Although, I understand that making research doesn't guarantee that you won't lose. But, I'm quite sure that it definitely reduce lost In trade. However, trades should normalize trading the amount they can afford to loose.

That is very common among newbies, they believe they can make money in the market without the need to make any effort and this is a huge mistake, after all in every single activity I can think of the ones that are the hardest working will always have an advantage over the rest which do not work as hard.

However when it comes to trading this advantage is even more noticeable as you are competing directly against other traders and investors, which is the main reason why we see newbies losing massive amounts of money just months after they enter this market.

blackened515

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Quote from: CryptocurencyKing on May 02, 2022, 09:52:39 AM

Never the less, greed has been the downfall of many traders and the reason why, most tends to make a few and loose even more. Because, they want to get everything they see on the chats. Not trading gives them the impression of they are loosing or missing something and should they trade, they end up loosing. In essence, not trading could be saving your a** from loses.

Also Laziness have also contributed to the downfall of many traders. Many traders especially Newbies are so lazy to conduct their personal research before putting their money on a particular coin. Although, I understand that making research doesn't guarantee that you won't lose. But, I'm quite sure that it definitely reduce lost In trade. However, trades should normalize trading the amount they can afford to loose.

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

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.

This does not apply to all traders. Most newbie traders end up as risk takers and most of them get washed away. Those who survive are the professional traders who know how to manager risk and not go all in.

It is not necessary to always profit but important to be in the game. For this prior knowledge of speculative markets is important and knowing the different modes of trading like spot,margin become important. Doing a mid-long term spot trading has low risk and decent gains, but requires patience.

Quote

I have lost but I have gained more in trading with the help of research and mentorship programs.

Not necessary at all to go for mentorship or such. You can learn a lot of trading on your own, the key being patience and timing. Learn how to analyse charts, observe S/R levels and place orders according. Do dummy paper trading at first as well to get a feel if you are new.

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Quote from: Mpamaegbu on May 02, 2022, 04:04:49 AM

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

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.

Bitcoin maxis will tell you it doesn't apply to Bitcoin. In fact, if anything, that all eggs should be saved in one Bitcoin basket by buying and hodling only Bitcoin.

I guess! But the point is, bitcoin is relatively safe or trusted than all the other coins out there. A very few currencies have come to share in its trust like ETH, LTC and even Solana. I could have come up with usdt but, therr have been questions of the actual reserve if any at all and its not a coin that grows like the others with it being a stable coin.

Never the less, greed has been the downfall of many traders and the reason why, most tends to make a few and loose even more. Because, they want to get everything they see on the chats. Not trading gives them the impression of they are loosing or missing something and should they trade, they end up loosing. In essence, not trading could be saving your a** from loses.

Mpamaegbu

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

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.

Bitcoin maxis will tell you it doesn't apply to Bitcoin. In fact, if anything, that all eggs should be saved in one Bitcoin basket by buying and hodling only Bitcoin.

In a related development, saying traders shouldn't be greedy is like saying humans shouldn't be humans. Greed is the nature of humans. What makes greed an issue is how we control or allow it control us. As a trader, you will want to get more off the market whenever an opportunity presents itself, factoring in the fact that the market is merciless when dealing with traders. It's not a bad thing by my books, though, to get back at the market if we can. Nevertheless, one has to be careful in doing that so as not to get very greedy. Like we were taught in the drama Macbeth that being ambitious isn't a bad thing but that being vaulting ambitious is a problem.

GeorgeJohn

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Quote from: 99Percent on April 30, 2022, 09:45:55 AM

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,

The best time to sell is when you make your gain, buying and selling is depends how much you realize as your gained, i seems that bitcoin or cryptocurrency now people always pay attention on small profit to sell out their coins..the good thing in trading is having a good target of when you are suppose to sell your coins and make profit and when you are supposed to buy coin at lower division...best option is buying when the market is dip and sell when it increase in market

Topic: Traders Stop Being Greedy. - page 9. (Read 2813 times)