Topic: what makes us good investors. - page 29. (Read 5455 times)
gaining knowledge from time to time and controlling emotions in the market all these features make us good investor. A Investor learn through experience
What makes us good investor is the ability to research and be equipped with current and up to date information about BTC and CRYPTO news before and after investing, also ensure you do not allow emotion or greed to be the driving force to determine where you invest.
Right. that indeed when investing in the state of self must be in a good condition without a desire for lust or a large profit. when indeed we are interested we have to do research without encouragement to make sure What makes us good investor is the ability to research and be equipped with current and up to date information about BTC and CRYPTO news before and after investing, also ensure you do not allow emotion or greed to be the driving force to determine where you invest.
you're right, I have some friends who have good research. looking for all about the things we are interested in will make us good investors. besides, with that, we can invest in the right place. Good investors are those who invest in a place that is good in any way. I already lose a lot of money with scam projects, unfortunately I learn in the most painful way, but life and thus, soon learning from mistakes, but rather always putting little in a project only prevents you from having headaches!
Of course, it is always good to put in what one can afford to lose but before this, an investor must be ready to perform extensive study on the project to ascertain the idea behind the project, the product of the project, the demand level of the product on the market, the expertise of the team etc. This will guide the investor to make right choices of projects.
What makes us good investor is the ability to research and be equipped with current and up to date information about BTC and CRYPTO news before and after investing, also ensure you do not allow emotion or greed to be the driving force to determine where you invest.
You lack one more thing, that is discipline. Investors need to have their own rules and investment strategies. when they set their plans and they lack discipline, their strategy will be deviated and there is no more accuracy in investment. that's the mistake most investors make.
I dont think that is applicable to every investor. There are people who are decisive and they do their research a lot more than an average crypto enthusiast does. They would analyse and make their own charts based on what they know and what they observe. Discipline is there but what more can you expect from the average crypto lover other than patience and control of emotions? This is not something that one does in sitting in front of the stock exchange. Rather much of it is done from home.Investment strategies dont really make an effect unless they are applied well. I believe this needs practice as well.
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”
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”
You point out the three basic things with belong to trader and investor. Emotions, Yeah, we have emotions and we are emotional when we see our loss or profit, but about lack of knowledge, sometime we have prefect information but suddenly we have lost because of management of coins was not good, and about Hope, we always have hope even in good time or bad time, we live because of hope, if we have no hope then definitely you will be finished, then it is not matter that we are trader, investor or human being.
I already lose a lot of money with scam projects, unfortunately I learn in the most painful way, but life and thus, soon learning from mistakes, but rather always putting little in a project only prevents you from having headaches!
What makes you a good investor? How to manage your greed, your emotion. How to control your money flow. How to read the situation and predict the action later and there is many more factors that makes you considered as a good investor. Although mastering all of these take longer time to do but you will know the benefit once you do it properly.
You lack one more thing, that is discipline. Investors need to have their own rules and investment strategies. when they set their plans and they lack discipline, their strategy will be deviated and there is no more accuracy in investment. that's the mistake most investors make.
I dont think that is applicable to every investor. There are people who are decisive and they do their research a lot more than an average crypto enthusiast does. They would analyse and make their own charts based on what they know and what they observe. Discipline is there but what more can you expect from the average crypto lover other than patience and control of emotions? This is not something that one does in sitting in front of the stock exchange. Rather much of it is done from home.Investment strategies dont really make an effect unless they are applied well. I believe this needs practice as well.
You lack one more thing, that is discipline. Investors need to have their own rules and investment strategies. when they set their plans and they lack discipline, their strategy will be deviated and there is no more accuracy in investment. that's the mistake most investors make.
I dont think that is applicable to every investor. There are people who are decisive and they do their research a lot more than an average crypto enthusiast does. They would analyse and make their own charts based on what they know and what they observe. Discipline is there but what more can you expect from the average crypto lover other than patience and control of emotions? This is not something that one does in sitting in front of the stock exchange. Rather much of it is done from home.Investment strategies dont really make an effect unless they are applied well. I believe this needs practice as well.
In order to became successful, you need to have a strategy to overcome your emotions.
A good entry and exit strategy is a good start. You can write it down specially your exit strategy because that's where our emotions come into play. Most of the time we don't want to sell because we are hoping that the price could still go up. But what happens when the price go on the opposite? Regrets.
So if you have a exit strategy and follow it to the tee, then you don't have to look back and say you made a bad decision, just saying.
I remember that some time ago I read an article that claimed that exit strategies were way more important than entry strategies, you could literally flip a coin to decide whether or not to enter in the market but if you had a solid exit strategy that got you out when the price went against you and that gave you the opportunity to capture most of the profits in the movements of the market you could become a successful trader. A good entry and exit strategy is a good start. You can write it down specially your exit strategy because that's where our emotions come into play. Most of the time we don't want to sell because we are hoping that the price could still go up. But what happens when the price go on the opposite? Regrets.
So if you have a exit strategy and follow it to the tee, then you don't have to look back and say you made a bad decision, just saying.
You lack one more thing, that is discipline. Investors need to have their own rules and investment strategies. when they set their plans and they lack discipline, their strategy will be deviated and there is no more accuracy in investment. that's the mistake most investors make.
I dont think that is applicable to every investor. There are people who are decisive and they do their research a lot more than an average crypto enthusiast does. They would analyse and make their own charts based on what they know and what they observe. Discipline is there but what more can you expect from the average crypto lover other than patience and control of emotions? This is not something that one does in sitting in front of the stock exchange. Rather much of it is done from home.Investment strategies dont really make an effect unless they are applied well. I believe this needs practice as well.
You lack one more thing, that is discipline. Investors need to have their own rules and investment strategies. when they set their plans and they lack discipline, their strategy will be deviated and there is no more accuracy in investment. that's the mistake most investors make.
Prolly' one of the essential for a good investor. Self-discipline speak a lot of words because if you have self-discipline then you are patient, not greedy and many more. Self-discipline is one of the secret ingredients of the successful people on how they succeed in life because they are so discipline that they stick to their plans without considering other's opinion. 
Lack of knowledge is one of the reason why many investors are now loss in their business even in any other business it includes knowledge. In cryptocurrency selling is one of the most hard decision that we can make but if you have enough knowledge for sure you will be a winner here.
This is, indeed, true. Having ample knowledge about where your investment is being utilized is one of the traits of a good investor. He continues to learn and research about the market in order for him to make the right choices and right decisions. In addition, a good investor has a goal set in mind and does everything to achieve that goal. He always has a plan in every risk taken and believes that "failing to plan is planning to fail." But above all else, PATIENCE. He don't rush things. He has faith in his plans and he usually don't get into the trends of buy and sell.
You lack one more thing, that is discipline. Investors need to have their own rules and investment strategies. when they set their plans and they lack discipline, their strategy will be deviated and there is no more accuracy in investment. that's the mistake most investors make.
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”
A true investor never takes hasty decisions and nor there is any scope of emotional attachment when it comes to Investing in markets. Emotions will always act as a barrier to success in case you want to grow your money. What makes you a good investor is trust on yourself. You should trust that the decision which you have made of buying your investment is rationale and based on analysis so it will show its results. There are a few times when it might not work but a disciplined investment strategy would always show fruitful returns in future. 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”
The things that make an investor a good one is the patience and also the knowledge about investing because if they are patient enough to wait for their investment to grow then they are a good one and if they have enough knowledge to maximize their resources for investing then they will have a great journey ahead.
Investors should educated him/herself on the investments that he/she will dive into.
The willingness to know more about certain investment and creating a risk management for one's portfolio.
And lastly diversification, just spread all investments in different classes.
The willingness to know more about certain investment and creating a risk management for one's portfolio.
And lastly diversification, just spread all investments in different classes.
Two things;
- Technical Analysis
- Fundamental Analysis
If you do those two things properly, you will make rational choices...
The grounds of this two things is wider than what we think on it, a lots of things to learned in each factors of analysis, you need to be a goal oriented trader in order to facilitate it right, from that point future for your investment will have higher chances of succeeding from this venture.- Technical Analysis
- Fundamental Analysis
If you do those two things properly, you will make rational choices...
True... A goal-oriented trader without emotions...
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