We're all the same! - page 2. | Bitcointalksearch.org

GreatArkansas

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Quote from: FASTPROFITTRADER on August 14, 2023, 09:06:59 PM

1️⃣. Greed, lack of knowledge and patience. They just want "easy money". We do not intend to wait for the "market to give". Everyone wants a lot in the moment. As a rule, they are always super poor (crazy. displays of who a person is in real life).

Among the rest, this is the thing I am more convinced about and can relate to sometimes.
Some people are also lured by the internet, people who keep promoting something but we can't blame them, especially if they are just sharing their thoughts or speculation.
It must be a lesson for us not to fully rely on without confirming or doing research.

Vaculin

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Winding down.

Quote from: mk4 on August 14, 2023, 11:15:37 PM

That's simply because of human nature. Now our only goal is to not fall into the same pits that people in the past have fallen onto.

Though unfortunately for the most of us, experience is the best teacher. That's not necessarily bad though; as long as you jump back up and try again.

I agree on your point but let’s also consider that every human being has its unique characteristics. But we share the same goal at the end of the day. Although losses are still inevitable no matter how we’re good at combatting with it, but if we learn to fight without quitting and regretting, perhaps all of us will still end up being successful. Same like trading, it does not matter how much and how often you lose, as long as you tend to correct your mistakes everytime by not repeating the same mistakes again.

Cling18

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Quote from: sulendra12 on August 16, 2023, 02:40:18 PM

Quote from: FASTPROFITTRADER on August 14, 2023, 09:06:59 PM

1️⃣. Greed, lack of knowledge and patience. They just want "easy money". We do not intend to wait for the "market to give". Everyone wants a lot in the moment. As a rule, they are always super poor (crazy. displays of who a person is in real life).

Sure, people have greed. But, the way people manage and minimize the risk of greed taking over their decision is different for each trader. Some people would need to completely limit their trading so they wouldn't get too overconfident and only need to trade what they are capable of in the first place, but for some people that they can control the greed then it would make a greed as their motivation to gain more but of course with limitation as well. Once you have set your limit, then I think you are already in a good spot.

Most of people human's nature are basically the same but each person has different trait that makes it unique to handle some circumstances.

If we know how to deal with our greed and manage the risk at the same time, we will be able to hit the profit that we want but we shouldn't be overconfident all the time as the volatility of the market is mostly hard to deal with so we have to be careful with our actions and decisions.
If we are struggling controlling our greed, we better set a certain amount for trading and as much as possible, discipline ourselves so we won't take wrong trading moves. If we're having a losing streak in trading, we better check our mistakes and see what we have done wrong so we can analyze how to correct it the next trading activity. Also, we shouldn't stop learning and try applying specific strategies that will help us earn better.

beerlover

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Quote from: isaac_clarke22 on August 16, 2023, 07:49:27 AM

Quote from: FASTPROFITTRADER on August 14, 2023, 09:06:59 PM

-

Well not for long for most people. Although in the long-term, people would still want to get the easiest way to earn money so they would just step in to the same rake. Insert "Jumping on a rake" meme here.

In regards of crypto media, I usually take those with a grain of salt. It's not something you would solely rely on deciding to sell your coins. I can remember those days....those FUD days that I was trading in EtherDelta and Binance and was like highly attached to these news headlines, it all turned out to be just an attempted FUD. What a bummer.

It's true, the crypto media is doing stuff just because they want to do it, and that's not really acceptable at all, we should be a lot more careful with what we are doing. I think it should be reminded that if we are going to end up with any news, then we need to be able to confirm it from multiple sources, and directly from the source of that news as well, we need to be able to check it ourselves and see it.

Otherwise it is "reported that this and this happened" and then you check and that did not happen and the news was a lie. The worst case is that they defend themselves as saying "we said it was reported, it was reported wrong to us as well" about making a false news as well. So, it should be important to keep checking the main source.

sulendra12

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Quote from: FASTPROFITTRADER on August 14, 2023, 09:06:59 PM

1️⃣. Greed, lack of knowledge and patience. They just want "easy money". We do not intend to wait for the "market to give". Everyone wants a lot in the moment. As a rule, they are always super poor (crazy. displays of who a person is in real life).

Sure, people have greed. But, the way people manage and minimize the risk of greed taking over their decision is different for each trader. Some people would need to completely limit their trading so they wouldn't get too overconfident and only need to trade what they are capable of in the first place, but for some people that they can control the greed then it would make a greed as their motivation to gain more but of course with limitation as well. Once you have set your limit, then I think you are already in a good spot.

Most of people human's nature are basically the same but each person has different trait that makes it unique to handle some circumstances.

MFahad

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I think that everyone can be consider as same in some habits because they are same and are present in everyone like that of desires for more. Actually one does not become happy and satisfied with the present reward but wants to multiply it.

There is not any business which will give you money easily without any efforts and people should learn that in which business there are risks so in that business income is also immense. Accept the risk, learn what is essential and just accept your profit because desires appears more and more which can be harm for you.

isaac_clarke22

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Quote from: FASTPROFITTRADER on August 14, 2023, 09:06:59 PM

-

Well not for long for most people. Although in the long-term, people would still want to get the easiest way to earn money so they would just step in to the same rake. Insert "Jumping on a rake" meme here.

In regards of crypto media, I usually take those with a grain of salt. It's not something you would solely rely on deciding to sell your coins. I can remember those days....those FUD days that I was trading in EtherDelta and Binance and was like highly attached to these news headlines, it all turned out to be just an attempted FUD. What a bummer.

yudi09

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Quote from: Jody.Drummer on August 15, 2023, 08:12:15 AM

-snip-

Quote from: GeorgeJohn on August 15, 2023, 08:23:59 AM

-snip-

That's the simplest way I can tell him to describe where the difference is between people who do market activity and in everything.

The main goal may be the same, namely to expect profit for the trader and a large return for those who make the investment, but the way of doing it can lead to differences. The difference as we have mentioned. There are those who are greedy by putting in all the money (initial capital + profit) for the next trade without thinking about the opportunities that will occur in front of them so that the result is losing everything.
In real life it may be similar to in the trading world. They choose ways that go against the rules to achieve the ultimate goal.

palle11

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Quote from: FASTPROFITTRADER on August 14, 2023, 09:06:59 PM

💻Why do many people always step on the same rake??? 😼

1️⃣. Greed, lack of knowledge and patience. They just want "easy money". We do not intend to wait for the "market to give". Everyone wants a lot in the moment. As a rule, they are always super poor (crazy. displays of who a person is in real life).

2️⃣"This time will be different than yesterday" (guided by the desire of what you want, not what is happening in the market).

You have good points on this and number two points is very true. We seem to want the market to do what we want and not what the market is exactly doing and most times we jump in as we expect the market to start reacting the way we want. This is a common phenomenon with newbies because of being eager for profit. Being in a haste is the greatest undoing of traders, if you jump in early at the time the market is not in the direction of your order then the only thing that will happen is you get burnt. If you put your hands in a furnace, you won't be spared because the fire is only doing its own business of burning and that is exactly how it happens with entering wrongly. Every trading day is different though and we have to follow what is happening in the market not what we want to happen in expectation.

FASTPROFITTRADER

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Quote from: mk4 on August 14, 2023, 11:15:37 PM

That's simply because of human nature. Now our only goal is to not fall into the same pits that people in the past have fallen onto.

Though unfortunately for the most of us, experience is the best teacher. That's not necessarily bad though; as long as you jump back up and try again.

Yes, unfortunately, you have to endure for a long time before you start earning))

carlfebz2

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Quote from: Hamza2424 on August 15, 2023, 06:28:34 PM

First of all, Op is a newbie and OP has a decent reputation tag to justify how we're all the same! I'm not sure if is there anyone who has the reputation as Op currently owns on just a few posts. The future seems to be Shining, Not tuning and offending but explaining the current status.

So now moving on to the points Op mentioned here in this post sounds to be redundant but I won't judge because I can see a new approach in the points at least its not as same as always. The disturbed accumulation and distribution zones are quite interesting because if a small investor is not getting anything then a major investor on the same time cant manipulate it easily because currently the hodl-ers status is very strong and they wont give up either.

A little bit off topic but i do have same views about that reputation tag which it is really that unlikely for a complete newbie to do so since they wont really be that having that full knowledge about on how this
forum works or the things involved around but it seems that he is really that getting used to it or that familiar on how things been doing.So i do presume or assume out that he might be having other
main account on this forum.

Speaking with those points above on which it is really that true that it is really that redundant, we've seen tons of similar post about advises and other stuffs in correlation with trading and investment.
We've been flooded out by lots of advises and those common points which a person should really be following but in overall it is really that something that cant be done by someone so easily
or able to follow it out.

Hamza2424

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First of all, Op is a newbie and OP has a decent reputation tag to justify how we're all the same! I'm not sure if is there anyone who has the reputation as Op currently owns on just a few posts. The future seems to be Shining, Not tuning and offending but explaining the current status.

So now moving on to the points Op mentioned here in this post sounds to be redundant but I won't judge because I can see a new approach in the points at least its not as same as always. The disturbed accumulation and distribution zones are quite interesting because if a small investor is not getting anything then a major investor on the same time cant manipulate it easily because currently the hodl-ers status is very strong and they wont give up either.

jeraldskie11

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Quote from: FASTPROFITTRADER on August 14, 2023, 09:06:59 PM

5️⃣The use of an exchange instrument that was invented to take money 100% (it's only a matter of time when this will happen and with which "market is to blame") - futures. Violation of elementary concepts of risk management, and in some characters (mapping who is in reality) generally adequate logic of a mentally healthy person.

We all know that the common use of an exchange is to convert the cryptocurrency into fiat. But since we are in the modern world, exchanges are continue to develop where we can see a lot of new features in it. That's why instead of just converting, people were use to stay on the exchanges because they are still using their other features. That's why we have to vigilant and aware of this, because sometimes we are losing money in exchanges. Not only that, the biggest fear is that when you are using Cex and you used to put all your money in to exchange for awhile to convert but unfortunately the exchange was shutdown, you can't recover all your funds at not until they do a refund. However, people have similarities but they are not totally the same.

Quidat

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Quote from: mk4 on August 14, 2023, 11:15:37 PM

That's simply because of human nature. Now our only goal is to not fall into the same pits that people in the past have fallen onto.

Though unfortunately for the most of us, experience is the best teacher. That's not necessarily bad though; as long as you jump back up and try again.

Sustain yourself and able to get back up on the time that you do fall which its true that all of us would inevitably be able to experience those worst things, no matter how many times you would
be reading up other peoples experience and errors on which it is really that something that you would be able to experience it too.The only difference for those people who are fully aware with those
other mistakes is that you've been wary about on the potential movement that you might do on a specific condition or situation which i could say that it is really that a good headstart.
Mistakes and errors are the best teachers on which it would really be honing up your skills and we know that on dealing with this unpredictable space would really be requiring that kind of
having that lots of possible methods and ways which you could be able to eventually apply on with every trading or positioning that you are tending to make.

ololajulo

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Upon discovering the extent of effort invested in each bull market, along with research into market trends and people's financial psychology, it becomes evident that human behavior remains consistent. Those who fail to control their emotions concerning money are prone to encountering repeated losses in any market. The most effective approach involves determining a suitable point to liquidate a significant portion of your holdings, establishing a rational price for this action, and adhering to the plan.

Finestream

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Quote from: mk4 on August 14, 2023, 11:15:37 PM

That's simply because of human nature. Now our only goal is to not fall into the same pits that people in the past have fallen onto.

Though unfortunately for the most of us, experience is the best teacher. That's not necessarily bad though; as long as you jump back up and try again.

True. No matter how we think of ourselves differently, it all comes into a conclusion that we all do the same things because we shared the same goals and targets in life. And that is not to fall from the traps of losing. And if ever we fall, we always make sure to get up again because that’s probably life should be. No quitter becomes a winner. And winner never quits. While losing is inevitable, but know that there’s always hope to change what you have been going through.

Dr.Bitcoin_Strange

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It's like a circle, where we learn different things altogether, get misinformed, and get influenced by different things, particularly the wrong perception of others that some people allow to pass through them. Trading is not a job with a stamped agreement of a fixed monthly salary, both for those that assume to be professionals and for those that are not. That is to say, we all make mistakes in trading, learn from them, try again, and keep trying until we increase the rate of profit. That's why it's said that trading is not for everyone; if you are not really willing to experience some loss, then you can't trade.

taufik123

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Quote from: GeorgeJohn on August 15, 2023, 08:23:59 AM

-snip-
I believe that we have to acquire the knowledge, while some people lose in trading is because they don't know when to buy and when to sell, and any trader who uses chart will be a successful one.

Are you that sure?
Will every trader who uses charts be successful?
In fact, every trader has the same risk when trading.
Those who use charts may know what is happening in the market, but it will not be 100% successful.

There will definitely be some losses incurred, even though they have good technical analysis knowledge.
This is all related to mental trading issues and how to use the right strategy.

There is no guarantee that someone who has technical analysis knowledge can always succeed, there will be some obstacles such as trading psychology which includes mental health such as greed, fear, panic, and others.

shivansps

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Good article. Agree with a lot from here.
I always say that one of the main reasons for losing money is greed. Even when the desired result has already been obtained, it seems that it can be done better. Therefore, it is better to always place the upper and lower points, upon reaching which to exit the transaction.
Another big common reason is the fact that it happened to someone and we think that it will happen to us, but the situation is already different and the deal is different and time has passed and everything is flying down
"This time will be different than yesterday" - You can write a separate book on this topic. A painful and very relevant topic

Lucius

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Quote

We're all the same!

It's a wrong conclusion in every sense, whether it's about investing, trading, everyday things in life or just promises we made to others. For example, you stand out from others because you don't keep your word and your reputation is obviously worth $50 or maybe not even that much.

On the other hand, most members of this forum do not allow themselves such things, so we are not all the same, fortunately.

Topic: We're all the same! - page 2. (Read 436 times)