Topic: Weak or wise? - page 5. (Read 1065 times)

Almost most of us gamblers here in crypto gambling have experienced such a situation, as long as the important thing is that we realize that it is not right to continue gambling if we see that we already have a winner.

to avoid such incidents, right? It's a pity, isn't it? We should win, but in the end we still lose. Instead of being gamblers, we became unwise in the end, and what's worse is that it's too late to repent. So you should really learn from each mistake, not be the one who repeats the mistake again.

Trading must be conditional, where you don't have to reach TP to take advantage, but when we feel the market will move not according to our analysis, we can immediately take steps, and after that we must be sure that there are still many opportunities that will form, so we can wait for another opportunity. next and carry out the transaction. Therefore, psychological mastery must be able to regulate it so that trading does not follow lust

also if someone is making exit trade before target was reached then it must be reasonable ones, may be we find some clue as to why the pump isn't sustaining and might not last for long then it make sense for us to exit trades. eitherway we are still in profit anyway and i think thats what important here, opportunity of having some bullrun will definitely come around in the future anyway, simply switch to some other promising altcoin and we already get the second chance to fulfil our target its as simple as that. there's no such thing as weak traders if we kept on consistently making profit through good decision and observation.
otherwise if we are trying to trade and hold until the end which we don't even have the clue when will we gonna be hitting the end then we will isntead come out as a greedy trying to profit to the max but unfortunately the market dumps earlier.

Trading itself will never encourage weak traders to keep their trades, but will always chose to encourage wise traders to perform better and wiser, that is the only way so that they will overcome the high risks in trading. However, when you decide to exit a trading even if the desired profits is not yet achieved, that makes you still profitable so you were never a weak trader but a wise one.

But I encourage everyone to never start a trade unless if you are ready. That way, you will never decide to perform sudden exit trading when its not the best time yet, but must be strong and skillful enough to trade until the end of a trade.

If you have a strategy that you have backtested and that you know that it works and then you do not follow it, then why have the strategy at all? That is a clear sign that what whoever did this is lacking on the psychological aspect and needs to seriously consider what they are doing, since those kind of mistakes are unforgivable, and this is because even if these mistakes may not seem to be a big deal, when you sell too soon and then the market skyrockets you will lose a massive amount of money you could have earned by literally doing nothing.

When someone becomes greedy and wanting to make more when he in fact did already some profit, that's likely that he's going to lose money.
With his successful trades, he's going to lose those profits that he's made will eventually be taken by the market.
It happened to me and also to the most of us here and that's why when you're in profit, take it and that's the wisest thing to do.

According to some sources: In trading, the concept of “weak or wise trader” is not mentioned absolutely. Every trader has a unique strategy and key to success involving a trading plan, risk management, and market analysis. Success depends not only on profits but on the ability to manage risk, learn and adapt to market changes.
However, it all depends on their strategy in trading, profit and loss are two things that cannot be separated, and are the law in the world of trading.

Profit is the thing not matter how much you are going to take from a single coin or project and no matter in which area you are taking at trading.

But mostly in the trading profit are compared on the first place like you said. Most commonly the users which have some problem like the greed in their trading is present they want more and only more but at the last they were all in the loss even just for some points in the price up.

These things mostly harms the traders but the traders who are good thinkers they only focus on their profit no matter how less it has but it should be in the form of a profit.

You are a profitable trader when you exit with a profit. There's no need to say that you're a weak trader because you just barely made profit.
Or you can say that you're wise because when there's a profit, you have taken it out with you and that's the essence why we're trading.
We're trading for profit. Regardless of the amount that you have reached or your goal hasn't met but you're still in profit, that's what matters.

But is this a sign of weakness? In my opinion, No! This is a common practice among traders and it's often done as a way to manage risk and protect their capital. In fact, many traders use this strategy as part of a broader risk management strategy. Some traders may prefer to hold on to their positions for longer periods of time with the hopes of capturing even greater profits and some may prefer to take smaller and more frequent profits or cut their losses quickly to minimize their risk exposure. So, I think taking profits in this manner is a very individualized decision that depends on each trader's risk tolerance and strategy and not a sign of weakness at all. Some times, your target might not be hit before the market will starts going against you and you will regret not taking the profit earlier.

My approach is to remove my seed money if my trade is running on profit. I will keep my profit in there to grow with the price so my investment will not be in danger if anything bad happens with the market. Sometimes we only sell the profit and keep the seed money to grow. This is risky because the market won't go straight up it goes ups and downs so there will be plenty of chances to reinvest if you really like the project.

Some people don't book profit at all by thinking this will go 10X or 20X.  This is possible but there is no guarantee that it will so keep this in mind don't let it become your regret.

You're not making sense. There's no end to trading unless the world stops or something. It's either you decide or you get satisfied with the amount you have profited in the trade. You need to have a good plan when you are trading and you need to know when that entry and exit is and not say that "until the end". That's not going to be effective.

There’s nothing wrong to love the money because that will make you more careful on your trade. Love of money and fear of losing is different matter because the later part is due to investing what he can afford to lose.

I love the money that I use on trading that’s why I value it too much. I only invest with minimal risk on low risk token such as Bitcoin. This way I’m not becoming greedy to venture out on shitty altcoins.


Fair point. This is the typical trader that knows what he is doing and not just aiming for profit.

Before committing to a position the trader needs to plot a basic TA on the chart at least so they can identify if the position they are wondering will make them profit it is just a higher risk to trade and step back and wait for another position opportunity to trade with. But if you really urge that you just need to make sure that the TA you settled will cater for you at least have an SL and TP so you have a backup incase you fail those risk positions. But for me if you are not well with that position you want better to step back.

being weak in trading is only at the beginning, as you spend time in the trading industry, you first know all the ins and outs of it and that's when being wise comes in

many of the traders have a high risk but a small risk reward ratio, why are most afraid of losing so they don't extend tp anymore the weak made wise

There is no perfect decision in trading, and there are times that you would close the market at some almost-perfect time, you are only lucky at that time, and there are times that you would not close it and the market would move much against you, which is a time you are not lucky. And there are times that you close the trade but the market will continue to move in your favour, for this, there is nothing perfect in the market, it all depends on your trading system and risk affinity. However, you should let your trading system guide you, with the trading system, you have your trading strategy and plan, so it's not as if you are gambling but are actually trading and know what to do. Just don't believe you missed out when the market moved more in your favour when you had closed it, what if it goes otherwise? This is why your trading system is there to balance things for you, at least you would have the average.

There are times that it would save you from a huge loss, and there are times that it will cause you to win a little, but it doesn't matter. What matters is the level of accuracy of the trading stem, if it's high enough that it can sustain constant winning for a reasonably high number of times, then it's worth using. The bottom line is that there is no perfect trading and perfect market predictor, we are all trying to be sensitive towards using what we know well and get to be contented with our trading results and avoiding, guilt, greed and overtrading as much as we can.

Selling the assets we own when we are in a profitable situation is one strategy to obtain optimal results and minimal risk. This can be said to be wise decision-making because quite a lot of people target high profits, but they are greedy and sell too late. However, as long as he sold at a profit, it was a good thing. The important thing is to prepare for the next thing to do. Moreover, we cannot judge someone to be a weak trader, just because they sell quickly. because people who play short also sell when the price starts to rise

Being weak doesnt mean that it is really that bad or someone who is really that having no chance on making money. It is really just that there are people who doesnt really like to take risks but rather they would really be sticking in on the things that they do know that it is really something that they could be able to bare out or would be able to take since not all would really be that risk takers. This is why we would be calling them weak but being weak isnt really that bad. If they do see that it is really that something that do benefit them or doesnt experience loss that much then it should be fine. Lets just mind with our own
business and proceed out on what are the things that we do really like to do so.

We do know that risk taking would be a personal kind of choice, risk tolerance or level would really be different into each individual on which it is really just that right that
you would really be going into the path on which you do saw that it is really that less risky for you. Not all would really be risk takers and this is why
actions would be made would really be that different to each other.

It depends on the situation of the asset market we are trading. Indeed, sometimes the situation does not match what we planned. and that means we have to decide to go outside the plan and make a profit even if we don't reach our target. I prefer that rather than having to continue taking risks if the situation does not allow for asset movement towards our target.
as traders we have to think realistically to make a profit. So some traders do make several price target plans that might be achieved. and if the situation does not allow it, we must be satisfied with whatever we get.

Most of the times it is seen that intelligent and wise people never face loss in trading but gain profit and success. But many times it is seen that many weak traders come to trading and facing loss they always fail in this trade. But many a time weak traders stick with the market and gradually get wiser at which point they get a share of the profits. If we always think about something good and deeply, we can definitely get good results, and prevent ourselves from losses and not lose in business. When you take a wise decision, good things await you, when you think something irrational, you are bound to fail. That is why in the field of trading and business always think deeply and trade wisely only then you can succeed and not fail.