Topic: Trading have concepts - page 2. (Read 426 times)

Yes greediness is the main cause of failure in any field and I will say that the decision which you make to get your money and use your profit to go ahead with same business, same should done with crypto trading because if we move with both profit and capital there will be a greater chance of losing money. There are some rules and ways by following which one can achieve the wanted goals easily but in the desire or making more and more money one push itself towards a risky path. Some people buy coins when it's price become boost up they don't sell it but want to wait more to earn more money but due to this greediness behaviour they drop their profit instead of excessive profit.

The title is quite confusing when you actually read the post body. But regardless, the point was conveyed well enough to be understood, cut the op some slack.

It is quite nice of you to share your experience and thoughts which would be beneficial for newbie traders.

Now for op, trading have concepts. Yes they do, and a lot at that. While one aspect may work great for one person, it may not work as well for the other. Just think of it as a shoe, there's no size that would fit everyone. There will always be bigger and smaller feet. And there's also the design preference and what the intended use would be for the shoe like is it for running, for playing sports etc., etc. I think you get my point.

So as a trader, it is always better to find the best techniques that would perfectly fit your personality and trading style. Glance at other techniques, but don't copy everything, just take whatever compliments your style better.

And in regards with the decision making, you really couldn't have done anything since it is an investment of you and your friends so the majority would of course be the one to decide what would be done with the funds. Just be glad that you and your friends were able to learn something from the experience and are still alive to talk about it.

Another advice would be if you are investing, keep it professional and avoid factors that would affect your decision making emotionally. While it is good to invest along with your friends or family, it would be better to keep the amount only up to a minimum which you can easily brush off if ever lost. This will not only save your funds but will also save your relationship with them. If you really have to, then be picky and only do it with the ones you really trust and you know are well versed in doing such investments.
Good luck bro.

The concept of trading is for one to earn profit through buying low and selling high. The factors to consider in crypto trading is the volatility but there are also things which can make the volatility intense or weak. We need to analyze it to be able to perform better. A trader must be knowledgeable so that they can pick a better coins. Discipline is also important so that a trader won't over trade and lose.

It also helps them to hodl for a while in case the price becomes stagnant. Trading is like a gambling but it must not be treated as one however there are still hard headed people who does it. Well I guess they are not afraid to lose and maybe that gives them excitement.

It is obvious that trading has concepts.  There are even rules and factors to consider in trading.  There is also knowledge and discipline to take when engaging in trading.  This alone can obviously tell us the concept about trading.

Trading isn't like gambling where you guess and put your bet and you are ok waiting to either win or lose.  Trading needs learning, a grasp of different concepts in order to maximize profit.  There is also these tecnical and fundamental analysis that has lots of concepts to offer.

Trading is not only the attitude and traits to follow but also follows learnings and adaptability of the decision a person should do in case of a different situations in hand.

Although satisfactory return is relative and that makes it difficult for some people to cash out on time and that makes them emotional not to jump out when they are suppose to. I believe having different strategies is likely to confuse a trader in the decision that will help them cash out on time before they regret. To stick to a particular strategy that is working is convincing to me on being discerning and decisive. Most times confusion cause lack of proper decision taking.

When greed overpowers your emotions in trading then you loose control over your mind and it can turn you into loss situation rather then be in profitable state.If you have satisfactory returns then you should cash out but if you are becoming too greedy then many examples are there where it was termed as bad trade.So always trade with different strategies and market judgement and taking firm decisions will help you keeping your greed aside.

Understanding trading is a deep understanding of the basics of trading, represented by the RSI and Stoch RSI and Moving Averages, in addition to how to use the Fibonacci sequence with them.
The deep inclusion of these basics makes it easier for you to understand all the strategies that can be formed.
After completing the understanding of the basics of the market, it is the turn of how to control emotions, which are the psychological factors of greed and fear, and then the trading strategy, which explains the entry and exit mechanism, the amount of risk and its management.

Your mastery of these skills means that you have become a trader, and your knowledge of them increases your experience

Okay, so this is about the real oil trade and not the stocks and shares you talking about?
I don't know what you really mean by "supply" but it seems to me you are actually trading crude oil if so then damn from where you are getting it? You should be rich by now since history has proven that whoever owns the crude oil owns the nation man. Coming to the valid points here: 1) Yes you should start using your profits to re-invest in the next cycle. 2) The capital should be stopped right after decent profits and I am talking about the net profits, not the gross ones.

If you follow this compounding method then no one can stop you from making more profits. Even if you lose, you will lose the profits but you are not in loss ideally considering you had your capital withdrawn already.

From the example of the petroleum business you did with your friends. I did not see any atom of greed in that business.
Just like in trading, It is not everybody that removes their capital and trade with profi. The larger the capital the larger the profits that you can get with little trading leverage.

But when you trade with only profits, you would not have the volume that will give you enough profit. That is the same thing that applies to your petroleum business you did with your friends. With h the capital you will agree that you would get larger amount of petroleum and make more profits. It is unfortunate that the environment you are is not secured or could it be that the kind of business that you are doing in with your friends is not legitimate.

For good traders, is it is not advisable for them to withdraw their profits everytime. Accumulation is the key and it will give rise to a more larger profit with little effort.

There's no particular strategy in making profit when trading, everybody can develop a strategy to use that best work for them and still come out profiting for them. The only problem is that you don't lose. Avoid buying coins that has been pumped and only trade legitimate projects and not those that'll scam you or dump their tokens on you when you buy the coins.

When trading, avoid greed and don't start trading when you haven't learnt the basic of trading. Just like your friends, many traders fail to remove their initial capital before reinvesting into the market. It doesn't matter how good you're, you'll fail some trade so always take profits.

The basic concept of trading is that trading is it is really a probability game, there are no strateies that you can find in anybook or online that can give you 100% guaranteed result. All of the strategies and edges have probabilities and you will choose only few that is fit to your habits, character and personalities. Guys beware to the fake traders out there who keep posting their wins in trading and keep saying that they do not incur any losses. Those traders are probably a scam who are focusing to get money from their victims. If you want to trade and have a mindset that you can avoid losses here in trading, then you have a wrong mindset because losses are unavoidable due to its nature which is there is no certainty.

But how we can earn money in trading if there is no guarantee? It is where the strategies and patterns comes up, the charts are usually generating similar patterns that have been existed in the past wherein you can base your decision on it. All you need to do is how much money you will risk in a particular trade, it is about the money that you can afford to lose. After that you must execute your plans confidently. If your bias did not happen, you must not experience any negative emotion because if you do, it only means that you did not fully accept the risk.

basically greed is human nature, as is the concept that you live by, a normal human being is of course after getting the first profit and feels it is easy, then he wants to develop his money with wishful thinking mathematical calculations in his head, especially if he feels he controls the market and is optimistic that excess money will be multiplied easily. That trait is what we should control, so we can control our emotions so we can stay alert and careful and think healthy

Greed draining most traders gradually and it's really a problematic condition for the investors. Greed is not measurable, even in our small profits, we turned out to be selfish with the sole desire to wait for it smashed our top TP without noticing a breakout or retest in the market charts. Discipline is required, setting a daily target of either closing the market for the day with $100 profits but at the end of the day, a trader might have liquidated his account all because of greed. I'm backing out of the market when a trade hits my SL, no need to develop the mindset of revenge on the market, it's possibility of draining your account portfolio is 100% and there's no way you will escape the heavy losses when the market comes for you.

Op can't compare a manual business with Internet business, yes, money has been involved and since profit making and loss is involved,  its the aspect you can accept the analysis together, but in contrary oil business physical deals disadvantages can not be as same with trading kind of disadvantages,  the aspect considering is the lose which op experience by hoodlums according to it's explanations, because trading risk is of higher level of what op analyze so far.

The concept of trading is just the same and it is applicable to anything that doesn't have a constant price. Knowing when to buy, sell, take profit and when price has become too high to risk everything and also when not to move with bulk money for physical business like the crude oil Op sighted.

And no one know if the business trip went successful if price would start falling down. If profit was taken after the first trip, the initial capital will still be available to risk for a new trip. Sorry for the loss shit happens...

I think it depends on what you are investing into or what you are trading. There are too many people who end up trading the wrong thing and that is why they end up losing money as well, I would prefer not to do something like that and instead make a profit by investing smartly, if I buy bitcoin then there is a very little chance that I would ever lose money, I would wait even if it is low and when it finally goes back up, even after a year, I will sell when I am in profit.

But when you are trading, you do not have that much time so you need to use stop loss and never go down too much, if you get out quickly when things go south, that means you can recover later since it would be a small loss that can be gained back quickly.

Greed is not only involved in trading but in businesses of all kinds too. Greediness awoke due to the emotional mindset of a trader who is doing trading or business without a proper target to achieve. As if you guys have set a certain target to achieve as you mentioned to stop your partners to stop the trade and book capital but their emotions were being played by the market as well as emotional sentiments to get more money. While if they have a proper mindset and idea of the risk they can face, maybe you guys could save yourself.

Overall, the market as well as incidents are unpredictable, so we can not blame ourselves when our fortune is not in our favor. Like you guys could make profits if you were not chased by hoodlums. But we all got an instinct as call us to not do more greedy but still, we ignore it and move on and face the consequences.

If you think about it, it's normal to say that you have to invest more because you see that if you invest more, you will earn more. There is nothing wrong if you want to get rich, but the wrong way to get rich is that it has a very big risk that it is possible to make you also become poor. I see what the OP said that being greedy is the reason why they failed. That greediness is the cause of emotion, it is their emotion that controls them and they didn't notice it.

So we can see that it is not good to give in to our emotions because we can make bad decisions. And because it has happened, they will have to move on without being affected so much by their emotions so that they can proceed with their other plans in life and become successful.

If people join cryptocurrency market because they are greed but lazy to learn first, they will get losses. If they by anyway can gain profit in this market but are too greedy and don't cash out to retrieve their initial capital, later they will have some serious lost trades which eat all profit they earned and part of their initial capital too.

You can start with $1000 and take a long time with many successful trades to make it to $5000. However, from $5000, if you have two lost trades with 50% for each, you wil have your total capital drops to $2500 and $1250, mostly drops back to where you started.

For people who are greedy, they usually will use leverages which will cause forced liquidations and loss would be bigger than 50%.

Greediness will really destroy all that we have worked hard to save for the future, this is the so-called money that has turned into stone, a profit that would have been lost. That's why we should have a so-called target or goal that when we get it, stop immediately and don't aspire for more.

Things shouldn't be rushed in this industry, that's why the winners here are those who calmly strategize and think and above all don't get impatient instead always be patient. Particularly if you are doing trading activity here, don't expect high income here it is better to start with small gains and big profits in the future.