Topic: what makes us good investors. - page 17. (Read 5450 times)

ya I always see quotes from successful investors, that we must dare to take risks, and more importantly from a good investor is to continue to learn and explore information about what will be learned. so it's very good when you have a lot of knowledge. One of the most important things is to manage mentally, a good investor must have discipline and good emotions.

knowledge is very important to be a good investor. because by having good knowledge, we should be able to manage what we will do in our investment. but it is different when we invest in crypto, we can get a lot of profit in a short time, so we need to control emotions because usually, people will be greedy with it.

All the traders are face some losses also but they never afraid the market fluctuations. So most are control the emotions, The current trend we earn good profit on short term so most of the investors are enter into trading platform.
But my suggestion is we must active on all the time, then only we will survive on all the time.

More than anything else, in my opinion it is the ability to control our emotions that make us a good investor. Some of the investors develop an emotional attachment with the investment assets, and this results in not maintaining the stop loss and profit booking targets. And when that happens, there is always a chance of incurring a heavy loss.

Yes i agree on that people become a good investors because of they control emotions. I also believe that controlling emotions in cypto is really hard because it is high on volatility ang we also need to have a great experience on it. So i believe that good investors is also once a loser before on crypto field and they mayve absorb all the learnings from thier mistake.

More than anything else, in my opinion it is the ability to control our emotions that make us a good investor. Some of the investors develop an emotional attachment with the investment assets, and this results in not maintaining the stop loss and profit booking targets. And when that happens, there is always a chance of incurring a heavy loss.

What makes a person a good investor is the ability to take calculated risk and also know when to pull out ones investment. Emotions must be mastered so much that it plays little or no role in an investor making decisions (financing or investment) decisions as the case may be. Even in the case of a loss, an investor must take appraisal of the process and find out where he/she got it wrong. This is will minimise a repetition of the same mistake in the future.

I think you need to be able to deceive your emotions and sell when there is already a good profit on your investment. It is certainly possible to expect that any cryptocurrency will make X100 or more, but it is necessary to allocate small amounts for this, because most likely everything will be the opposite and the cryptocurrency will decrease in value.

A good investor should always weigh their rationality more than their emotions. Sometimes we tend to be hopeful in a cryptocurrency hoping that it will bring us a massive fortune but we should go beyond this. Is the project realistic? Would the project prosper then how long?

Asking ourselves the right questions is one step of becoming a good investor.

A good investor should always weigh their rationality more than their emotions. Sometimes we tend to be hopeful in a cryptocurrency hoping that it will bring us a massive fortune but we should go beyond this. Is the project realistic? Would the project prosper then how long?

Asking ourselves the right questions is one step of becoming a good investor.

Good for you if you found out that kind of investment, as per me, I am fine with investment which gives return of 3-10% for a short period of time, as most of the time I don't hold long term (except Bitcoin) , I usually invest at short term.

Being a good investor is not that too greedy, know what he is doing, has knowledge with the project that he is investing at, know how to check the teams' background, have a lot of patience, and know how to handle his fund well.

The longer you are going to hold, the greater will be your amount of profits earned by selling bitcoin.

No, there is a difference between taking a calculated risk and taking a reckless risks, many of those that say they are trading are not really doing it, they are gambling, they are just investing in a coin without knowing anything about it, taking a low risk may not seem very attractive and I get it but the greater the risk you take and the longer you take it the higher the chances to lose everything and even if that chance is only 1% if you trade long enough you will lose everything.

We are trading because we want to have a huge profit. Lol, why would you settle for less when you can have or win a huge amount of money? Risk is the most essential thing in trading, there's a stable coin that has a small risk and small reward, and there's a coin that has a high-risk, high reward. Don't settle for small profits. Personally, investing in ICO's is not good for me but if there's a new coin out in the market, that's the time I am going to invest. Just don't settle for less in trading.

Selling or buying investments ?
As a bitcoin trader the hardest decision that we can ever take is , selling our beloved cryptocurrency and this is preety hard because of :-

1.   Our emotions
2.   Our lack of knowledge
3.   Hope !

Well you all can relate to the fact that whenever we are into selling something, we take hasty decisions, generally if the price is falling and we lack patience and even if we are scared that this can go worse in the future we generally sell and then regret moments later when we see it climbing ladder.
Even if the price is going great and its increasing we generally tend to regret if we sell it and the price continues to grow.
This is really hard once our emotions are involved with our investments.
I think that the best thing we can do is separate our emotions with our investments. We should kind of make a pact to never regret any decision that we ever made because in the words of Victoria Holt “never regret, if it was good , its wonderful and if its bad, its experience.”
I think what’s important is taking into account every single detail in the market regarding our investment and at the same time emotionally detaching our minds and making stable decisions and that’s what makes a investor successful.
Also someone has truly said “the investment market takes money from the hasty one and gives it to the patient one”

Definitely I agree with this opinion. If you invest money in any asset you must be pretty confident that it will absolutely give you income. But you must understand that it is often long term process and checking the price of your assets every minute senseless.