What type of a trader/investor is this? - page 3.

boyptc

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Quote from: AnonBitCoiner on May 31, 2024, 12:04:45 AM

Quote from: boyptc on May 30, 2024, 06:44:35 AM

Greed won't bring us that far.

Whether it is with the crypto market, stocks, or even in forex. If you're too greedy, you're going to lose a lot. And that's why do not make the same mistake that you might happen to you too.

Be happy with how much you can potentially earn and stop being bothered with how little you have earned, as long as it is a profit, that must be fine.

If a person feels happy for all the things he has then he will not be involved in greedy behaviour and he will accept the little profit too due to which one day he will be such a successful person that everyone will desire to be a person like that.

Greed cannot give you anything instead of becoming a cause of your non fulfilment therefore avoid greed and move with a clear mind and open mind to welcome the least but sure profit. If you neglect the minimum profit and wish to have more then you will be deprived of everything.

To be honest, it's easy to say that. But when you get into the actual situation, you'll be having a lot of hard time for it.

Although there are many ways for us to control our greed. If you're trading for a very long time, you know how to control it already.

The most prone ones are the newbies when they're too happy looking at their gains but they didn't cashed it out, they'd feel depressed when they start to see the going down of their portfolios.

bettercrypto

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Quote from: fuguebtc on May 31, 2024, 03:43:33 AM

Quote from: Hamphser on May 30, 2024, 01:27:51 PM

Quote from: fuguebtc on May 30, 2024, 12:52:01 PM

Quote from: wiss19 on May 28, 2024, 03:39:03 AM

Quote from: Btcdeybodi on May 25, 2024, 09:54:01 PM

One funny thing about altcoins is the pump and dump, if a trader is lucky to make a profit of $77k that is if we remove the capital of $3k he started the trading with why not withdraw it knowing too well the risk that are associated with altcoins because just like same way they pump speedily that's same way they dump and one act about traders is that if they made a profit of that amount and later on they lost part of their profits instead of taking out the remaining profits they will still have the mindset that it will pump to that initial profit they had before and I have seen a lot of crypto traders lose a lot of money with this same mindset.

Pumps and dumps happens too in BTC but it was only more natural. Maybe the guy is only less knowledgeable to not know it? Indeed he is already lucky there to profit like that but he is also greedy and maybe he is waiting for more pumps but unfortunately it didn't happened anymore.

Many of us are also greedy but not to that point he is showing. $77k is already a huge profit out of his small capital and even not exactly $77k but only $10k or $20k return, that is still good already. There maybe lots of those you see but I believe they are like this guy who is also a newbie and once they gain enough experience, they can also change their approach.

Yes, pumping and dumping also happens with bitcoin but many people deliberately do not accept this fact and they say that it is a volatile based on supply and demand. But there is a difference between bitcoin and altcoins which is that if bitcoin gets dumped, it will still recover after a while but that will not happen for many altcoins.

In my opinion, he is just ignorant and cannot control his greed. This happens often with newbies and I believe when we were newbies, we were just like them so there is nothing funny here. No one can be good immediately and have full experience right from the first days of entering the market, and losses, being scammed... are unavoidable.

Altcoins could really be considered out on two possible types on which to those projects or coins which does have actual utility or with those coins/tokens which are made up basically for meme
and this has been always the part now into this marketplace. This is why there are other people who are really that thriving out to deal up with altcoins or meme coins because they do know
that once they could be able to hit up the right one, they could potentially make themselves that rich if they had hit up the right spot but not all and this would really be needing up with
some extra luck for this one because when it comes to memes then it wont really be that much of suggested when it comes on hitting the right project.
This is where you would really be that always be considerate about the risks involved. It would really be a hit or miss then it would really be that depending on you.

If talking about altcoin investment, I have never opposed or hated it because I also invested in it and earned a lot of profit from it. But investing in altcoins is very risky, especially memes, so those who like risk and have knowledge should participate in altcoins, but if you are newbies, you should stay away.

Altcoins are all the same, I don't differentiate between junk projects and utility projects because there is also no guarantee that the top projects will survive in the long run. Investing in altcoins is short-term speculation and unlike long-term investments in bitcoin, once we make profits from them, we should take profits. Don't naively believe what they advertise and think we can invest long term in altcoins, it's very risky.

Whether it's altcoins or meme coins, like you said, it's the same that there is a real risk; it's just higher than meme coins. Especially recently, a lot of meme coins have really come out under the Sol network, and some have been exploited by hackers under the Sol network just last week.

Because the hacker probably saw that there are many obsessed communities that are taking the chance to get rich from the meme coins that they choose to use their investment, especially since recently there are a few meme coins under sol that have boomed in the market and have even been listed among the top exchanges only recently, that's why more caution is still needed for our communities in this field of the crypto industry.

fuguebtc

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Quote from: Hamphser on May 30, 2024, 01:27:51 PM

Quote from: fuguebtc on May 30, 2024, 12:52:01 PM

Quote from: wiss19 on May 28, 2024, 03:39:03 AM

Quote from: Btcdeybodi on May 25, 2024, 09:54:01 PM

One funny thing about altcoins is the pump and dump, if a trader is lucky to make a profit of $77k that is if we remove the capital of $3k he started the trading with why not withdraw it knowing too well the risk that are associated with altcoins because just like same way they pump speedily that's same way they dump and one act about traders is that if they made a profit of that amount and later on they lost part of their profits instead of taking out the remaining profits they will still have the mindset that it will pump to that initial profit they had before and I have seen a lot of crypto traders lose a lot of money with this same mindset.

Pumps and dumps happens too in BTC but it was only more natural. Maybe the guy is only less knowledgeable to not know it? Indeed he is already lucky there to profit like that but he is also greedy and maybe he is waiting for more pumps but unfortunately it didn't happened anymore.

Many of us are also greedy but not to that point he is showing. $77k is already a huge profit out of his small capital and even not exactly $77k but only $10k or $20k return, that is still good already. There maybe lots of those you see but I believe they are like this guy who is also a newbie and once they gain enough experience, they can also change their approach.

Yes, pumping and dumping also happens with bitcoin but many people deliberately do not accept this fact and they say that it is a volatile based on supply and demand. But there is a difference between bitcoin and altcoins which is that if bitcoin gets dumped, it will still recover after a while but that will not happen for many altcoins.

In my opinion, he is just ignorant and cannot control his greed. This happens often with newbies and I believe when we were newbies, we were just like them so there is nothing funny here. No one can be good immediately and have full experience right from the first days of entering the market, and losses, being scammed... are unavoidable.

Altcoins could really be considered out on two possible types on which to those projects or coins which does have actual utility or with those coins/tokens which are made up basically for meme
and this has been always the part now into this marketplace. This is why there are other people who are really that thriving out to deal up with altcoins or meme coins because they do know
that once they could be able to hit up the right one, they could potentially make themselves that rich if they had hit up the right spot but not all and this would really be needing up with
some extra luck for this one because when it comes to memes then it wont really be that much of suggested when it comes on hitting the right project.
This is where you would really be that always be considerate about the risks involved. It would really be a hit or miss then it would really be that depending on you.

If talking about altcoin investment, I have never opposed or hated it because I also invested in it and earned a lot of profit from it. But investing in altcoins is very risky, especially memes, so those who like risk and have knowledge should participate in altcoins, but if you are newbies, you should stay away.

Altcoins are all the same, I don't differentiate between junk projects and utility projects because there is also no guarantee that the top projects will survive in the long run. Investing in altcoins is short-term speculation and unlike long-term investments in bitcoin, once we make profits from them, we should take profits. Don't naively believe what they advertise and think we can invest long term in altcoins, it's very risky.

Distinctin

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Quote from: AnonBitCoiner on May 26, 2024, 05:33:11 AM

Quote from: boyptc on May 19, 2024, 03:53:17 PM

A common greedy investor.

Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.

It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.

Most of the time People lose the opportunity to earn money due to their own mistakes and one of the major mistakes is that they prefer their greed and don't take their already higher worth profit. I think one should be Thankful for his profit no matter how little it is because if we enhance our desire then we will not be able to enjoy our profit.

One should avoid certain things if he wants to become a successful person because success does not mean that the more you earn then the more you will be successful but successful means that you are enjoying the amount wisely which you have earned. Sometimes we are in profit but we reject that profit because we want something better but we forget that something is better than nothing.

Traders who often see trading as a get rich quick would not settle into small profits, but would disregard it and look for even bigger profits. That’s how greed affects the mindset of traders, not realizing that it could even lead to more losses in the end. That’s why if you want to trade because of greed, just learn to avoid trading at all cost, in order to prevent your hard-earned money from inevitable losses and to protect your mental and emotional health state from depression.

Small profits once compounded turn into big profits. If you are a responsible trader, you should know about this. Otherwise, you are never trading, but gambling your trades.

AnonBitCoiner

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Quote from: boyptc on May 30, 2024, 06:44:35 AM

Greed won't bring us that far.

Whether it is with the crypto market, stocks, or even in forex. If you're too greedy, you're going to lose a lot. And that's why do not make the same mistake that you might happen to you too.

Be happy with how much you can potentially earn and stop being bothered with how little you have earned, as long as it is a profit, that must be fine.

If a person feels happy for all the things he has then he will not be involved in greedy behaviour and he will accept the little profit too due to which one day he will be such a successful person that everyone will desire to be a person like that.

Greed cannot give you anything instead of becoming a cause of your non fulfilment therefore avoid greed and move with a clear mind and open mind to welcome the least but sure profit. If you neglect the minimum profit and wish to have more then you will be deprived of everything.

Ben Barubal

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Quote from: Mame89 on May 30, 2024, 03:01:00 PM

Quote from: AnonBitCoiner on May 26, 2024, 05:33:11 AM

Quote from: boyptc on May 19, 2024, 03:53:17 PM

A common greedy investor.

Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.

It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.

Most of the time People lose the opportunity to earn money due to their own mistakes and one of the major mistakes is that they prefer their greed and don't take their already higher worth profit. I think one should be Thankful for his profit no matter how little it is because if we enhance our desire then we will not be able to enjoy our profit.

One should avoid certain things if he wants to become a successful person because success does not mean that the more you earn then the more you will be successful but successful means that you are enjoying the amount wisely which you have earned. Sometimes we are in profit but we reject that profit because we want something better but we forget that something is better than nothing.

If we have entered the world of trading then we have to use planning, just like we are opening a real business, we aim for reasonable profits in a day and don't be too eager to take big profits because this is the beginning of greed. The most important thing is to be brave enough to take small losses rather than waiting for big profits but experiencing big losses. In my opinion, this technique is what traders should do.

Because the enemy in trading is actually thinking about getting rich quickly (Greedy), which can cover clear thinking in reading the market, causing traders to never be successful. In addition, there may be too many ways to mix it so you are confused when applying it. The points you convey are very interesting, always be grateful for the profits we get, controlling emotions is one way to avoid greed in trading.

Greediness is always an instrument, which is why there are always many traders who do not succeed in their trading careers. That's why, as much as possible, we should first find out how to be responsible traders. It's easy to be a trader, but it's not easy to have the true character of a trader.

That's why others really took years before really understanding trading. Just like what happened to Op, he used greed, so the result was not good; in short, he was not happy with the trading he did. The time was wasted, and the win was wasted.

Russlenat

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Quote from: el kaka22 on May 28, 2024, 11:19:53 AM

The "all-in" trader is someone who doesn't really know when to stop. Most of the time these people who have absolutely no understanding how any of this works, ends up losing their money from the get go, and that is why they have nothing that they could trust the system with, that is just how it works, they put all their money into something and they get rugged right away.

However, there are some who gets "lucky" and see it rise a lot, and the ones who get out usually share it everyone online, if this dude turned 3k into 80k and sold there, then we would have been able to say that he did something good, and that would have worked very well for him, and he would have suggested everyone to do the same, but because he waited too long, he has nothing left.

At some point, being an all-in trader is also a good thing because he has set a goal first and foremost to maximize his bitcoin earnings at all cost. And that he will do everything even becoming greedy. And that’s when he turns to greed, he won’t be contented with small profits anymore which is certainly a bad habit. That’s exactly how this trader has turned out, and maybe without no one in his side to advice him that he’s no longer in the right path and motivation, then he proceeded with his action not knowing that it will only lead him to future losses and regrets. One thing why being highly greedy is a big NO in trading or even in simply investing.

Viscore

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Quote from: AnonBitCoiner on May 26, 2024, 05:33:11 AM

Quote from: boyptc on May 19, 2024, 03:53:17 PM

A common greedy investor.

Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.

It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.

Most of the time People lose the opportunity to earn money due to their own mistakes and one of the major mistakes is that they prefer their greed and don't take their already higher worth profit. I think one should be Thankful for his profit no matter how little it is because if we enhance our desire then we will not be able to enjoy our profit.

One should avoid certain things if he wants to become a successful person because success does not mean that the more you earn then the more you will be successful but successful means that you are enjoying the amount wisely which you have earned. Sometimes we are in profit but we reject that profit because we want something better but we forget that something is better than nothing.

Greed is a human nature, but if we use it creating negative motivation, that will also result in a negative way. It’s not wrong to be greedy, as long as you know how to control and limit your greed when you know it’s not right anymore.

Just like this certain trader, if he only sticks to his goals and be satisfied with small profits on hand, and not focus on greed, he will not end up losing all his future profits. But because he doesn’t have clear trading goals and plans how to achieve it, but instead fall on the traps of greed, he lost all his opportunities to make great profits, something that should serve him a lesson not to repeat the same mistake again the next time he’ll trade.

Mame89

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Quote from: AnonBitCoiner on May 26, 2024, 05:33:11 AM

Quote from: boyptc on May 19, 2024, 03:53:17 PM

A common greedy investor.

Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.

It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.

Most of the time People lose the opportunity to earn money due to their own mistakes and one of the major mistakes is that they prefer their greed and don't take their already higher worth profit. I think one should be Thankful for his profit no matter how little it is because if we enhance our desire then we will not be able to enjoy our profit.

One should avoid certain things if he wants to become a successful person because success does not mean that the more you earn then the more you will be successful but successful means that you are enjoying the amount wisely which you have earned. Sometimes we are in profit but we reject that profit because we want something better but we forget that something is better than nothing.

If we have entered the world of trading then we have to use planning, just like we are opening a real business, we aim for reasonable profits in a day and don't be too eager to take big profits because this is the beginning of greed. The most important thing is to be brave enough to take small losses rather than waiting for big profits but experiencing big losses. In my opinion, this technique is what traders should do.

Because the enemy in trading is actually thinking about getting rich quickly (Greedy), which can cover clear thinking in reading the market, causing traders to never be successful. In addition, there may be too many ways to mix it so you are confused when applying it. The points you convey are very interesting, always be grateful for the profits we get, controlling emotions is one way to avoid greed in trading.

RockBell

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Quote from: kentrolla on May 29, 2024, 01:45:40 PM

Heard of many such stories where traders without strategy losing it all due to sheer greed, expert traders will always use take profit and stop loss functionality and these new coins are pure pump and dump which we knows that will eventually end up as zero still people try experimenting just because some random user got lucky. Instead they need to work on strategy and shouldn't divert from it.

people don't know what it costs to lose money so what will it take for you to sit down and learn, people just want free money and they don't want suffer and there is no free money and you have to work and you have to put in a lot of commitment. because that is what will determine what your trading life will look like a lot of people are lazy and they want to make money from trading and am still wondering how that is going to be possible because you need to always be on alert and conscious of whatever is happening in the market. to avoid losing opportunities. and another thing is that people are actually greedy they want to make everything during the whole investing process of trading. and who invest in new coins because they will hype and then pump and the next thing will be that the coin will dump and you lose good money following hype is dangerous. and people have a big problem when someone gets lucky everyone will want to follow that part and that is why you see a lot of people losing money just because they feel they might also get lucky the same time. and you can not always use people's experience to judge your journey so being careful is one of the best experiences.

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Quote from: fuguebtc on May 30, 2024, 12:52:01 PM

Quote from: wiss19 on May 28, 2024, 03:39:03 AM

Quote from: Btcdeybodi on May 25, 2024, 09:54:01 PM

One funny thing about altcoins is the pump and dump, if a trader is lucky to make a profit of $77k that is if we remove the capital of $3k he started the trading with why not withdraw it knowing too well the risk that are associated with altcoins because just like same way they pump speedily that's same way they dump and one act about traders is that if they made a profit of that amount and later on they lost part of their profits instead of taking out the remaining profits they will still have the mindset that it will pump to that initial profit they had before and I have seen a lot of crypto traders lose a lot of money with this same mindset.

Pumps and dumps happens too in BTC but it was only more natural. Maybe the guy is only less knowledgeable to not know it? Indeed he is already lucky there to profit like that but he is also greedy and maybe he is waiting for more pumps but unfortunately it didn't happened anymore.

Many of us are also greedy but not to that point he is showing. $77k is already a huge profit out of his small capital and even not exactly $77k but only $10k or $20k return, that is still good already. There maybe lots of those you see but I believe they are like this guy who is also a newbie and once they gain enough experience, they can also change their approach.

Yes, pumping and dumping also happens with bitcoin but many people deliberately do not accept this fact and they say that it is a volatile based on supply and demand. But there is a difference between bitcoin and altcoins which is that if bitcoin gets dumped, it will still recover after a while but that will not happen for many altcoins.

In my opinion, he is just ignorant and cannot control his greed. This happens often with newbies and I believe when we were newbies, we were just like them so there is nothing funny here. No one can be good immediately and have full experience right from the first days of entering the market, and losses, being scammed... are unavoidable.

Altcoins could really be considered out on two possible types on which to those projects or coins which does have actual utility or with those coins/tokens which are made up basically for meme
and this has been always the part now into this marketplace. This is why there are other people who are really that thriving out to deal up with altcoins or meme coins because they do know
that once they could be able to hit up the right one, they could potentially make themselves that rich if they had hit up the right spot but not all and this would really be needing up with
some extra luck for this one because when it comes to memes then it wont really be that much of suggested when it comes on hitting the right project.
This is where you would really be that always be considerate about the risks involved. It would really be a hit or miss then it would really be that depending on you.

fuguebtc

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Quote from: wiss19 on May 28, 2024, 03:39:03 AM

Quote from: Btcdeybodi on May 25, 2024, 09:54:01 PM

One funny thing about altcoins is the pump and dump, if a trader is lucky to make a profit of $77k that is if we remove the capital of $3k he started the trading with why not withdraw it knowing too well the risk that are associated with altcoins because just like same way they pump speedily that's same way they dump and one act about traders is that if they made a profit of that amount and later on they lost part of their profits instead of taking out the remaining profits they will still have the mindset that it will pump to that initial profit they had before and I have seen a lot of crypto traders lose a lot of money with this same mindset.

Pumps and dumps happens too in BTC but it was only more natural. Maybe the guy is only less knowledgeable to not know it? Indeed he is already lucky there to profit like that but he is also greedy and maybe he is waiting for more pumps but unfortunately it didn't happened anymore.

Many of us are also greedy but not to that point he is showing. $77k is already a huge profit out of his small capital and even not exactly $77k but only $10k or $20k return, that is still good already. There maybe lots of those you see but I believe they are like this guy who is also a newbie and once they gain enough experience, they can also change their approach.

Yes, pumping and dumping also happens with bitcoin but many people deliberately do not accept this fact and they say that it is a volatile based on supply and demand. But there is a difference between bitcoin and altcoins which is that if bitcoin gets dumped, it will still recover after a while but that will not happen for many altcoins.

In my opinion, he is just ignorant and cannot control his greed. This happens often with newbies and I believe when we were newbies, we were just like them so there is nothing funny here. No one can be good immediately and have full experience right from the first days of entering the market, and losses, being scammed... are unavoidable.

Gaza13

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Quote from: God bless u on May 28, 2024, 01:43:09 AM

Quote from: bSpend on May 19, 2024, 08:25:06 AM

I came across one channel on telegram known as "Crypto Confessions" and on this channel, one can find alot of real life confessions from real people in crypto, while I was scrolling and reading all the confessions, some very interesting, while alot of others; not so interesting, I came across this one above and it really captivated me, I tried to imagine what this dude must be feeling like if at all what he said was true.

St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?

BTW, for those that might want to join the channel, here - https://t.me/anonymous_crypto_confessions

That's the real problem that people face while investing into meme coins. First of all they're so unpredictable that you cannot say what will be their price tomorrow. When it comes to the investment then it is full of risks and uncertainties.

People often get the loss but in rare cases when they get the profit their greed kills the profit. They start to treat the meme coins as real useful altcoins. So you have to take the profits and get exit from the market.

Yes we cannot expect the profits we want from the market. The main thing in investing is to get rid of greed to get more. If we feel we have made enough profits, we should go out and enjoy the results or reinvest in assets with stronger fundamentals. I don't think it's right to treat meme coins as a truly useful asset, as we know, many people like to pump up prices like whales playing with these prices. In essence, whales won't play with this meme coin for long either. just looking at the opportunity of how he can get enough profit from there.

Strongkored

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Quote from: bSpend on May 19, 2024, 08:25:06 AM

St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?

Many things, including lack of experience, experience teaches many things, including not being greedy and how being patient.
On average, all traders have experienced this as I said because they lack experience so they don't know how cryptocurrency trading works which can change quickly, but if they have been in crypto trading for a long time it could be because they are greedy and keep hoping that the price will continue to rise or it could be so he followed a telegram group that kept saying that this coin would rise to a certain price and he believed it. Getting big profits in crypto is not an easy thing because not only how to predict the market but also how not to be influenced by information that can make us make wrong decisions.

boyptc

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Quote from: AnonBitCoiner on May 26, 2024, 05:33:11 AM

Quote from: boyptc on May 19, 2024, 03:53:17 PM

A common greedy investor.

Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.

It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.

Most of the time People lose the opportunity to earn money due to their own mistakes and one of the major mistakes is that they prefer their greed and don't take their already higher worth profit. I think one should be Thankful for his profit no matter how little it is because if we enhance our desire then we will not be able to enjoy our profit.

One should avoid certain things if he wants to become a successful person because success does not mean that the more you earn then the more you will be successful but successful means that you are enjoying the amount wisely which you have earned. Sometimes we are in profit but we reject that profit because we want something better but we forget that something is better than nothing.

Greed won't bring us that far.

Whether it is with the crypto market, stocks, or even in forex. If you're too greedy, you're going to lose a lot. And that's why do not make the same mistake that you might happen to you too.

Be happy with how much you can potentially earn and stop being bothered with how little you have earned, as long as it is a profit, that must be fine.

GreatArkansas

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Quote from: bSpend on May 19, 2024, 08:25:06 AM

(....)
St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?

This person must be new to the market. Because I can relate on this when I was still new, but not that huge amount Cheesy

For sure this person will become more hardworking to achieve this kind of profits again and not to do the same mistakes again. Lesson learned.

livingfree

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Quote from: kentrolla on May 29, 2024, 01:45:40 PM

Heard of many such stories where traders without strategy losing it all due to sheer greed, expert traders will always use take profit and stop loss functionality and these new coins are pure pump and dump which we knows that will eventually end up as zero still people try experimenting just because some random user got lucky. Instead they need to work on strategy and shouldn't divert from it.

Experts or experienced traders will prioritize to take profits. While the newbies will always be greedy and then they're going to learn about it in a hard way.

They'd see how important it is to take a profit whenever they can. But if they're feeling regretful about looking at their gains thinking that there's gotta be more.

Soon, they'd feel bad about that and will think that it's better if they've taken profits than to watch the market pull down the value of their holdings.

$weetne$$

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Quote from: kentrolla on May 29, 2024, 01:45:40 PM

Heard of many such stories where traders without strategy losing it all due to sheer greed, expert traders will always use take profit and stop loss functionality and these new coins are pure pump and dump which we knows that will eventually end up as zero still people try experimenting just because some random user got lucky. Instead they need to work on strategy and shouldn't divert from it.

It is always the traders that do not have a trading strategy that goes on the internet to complain after they have lost their money, if a trader had a trading strategy that involves selling at an exit price, he would not be complaining because he would had sold some part of the profits and would not be in this situation that he is losing everything that he got from the trade. I do not consider this type of people as traders because they do not analyse the market but was only hoping on luck to help them. If he did some analysis, he would had known that it was not the perfect time to buy the token. People think trading is a joke and everyone doing it is just lucky and easy and this make many people to think they can be successful at trading but end up in the losing side when they start trading.

adaseb

legendary

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Yeah this is typical for the type of pump and dump meme coins which are added daily on Solana. Depending on when you enter you can easily 10x and sometimes 100x your money. But the issue is that most of those tokens are rugs. Almost immediately as you enter it starts to drop and within minutes you can be out 50% and within hours your position can be -99%.

It’s a very risky way of making money. Tokens like WIF, SHIB and PEPE were extremely rare to catch and most that did catch those they probably sold way too early.

dunfida

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Quote from: Maslate on May 29, 2024, 04:22:13 PM

Quote from: el kaka22 on May 28, 2024, 11:19:53 AM

The "all-in" trader is someone who doesn't really know when to stop. Most of the time these people who have absolutely no understanding how any of this works, ends up losing their money from the get go, and that is why they have nothing that they could trust the system with, that is just how it works, they put all their money into something and they get rugged right away.

However, there are some who gets "lucky" and see it rise a lot, and the ones who get out usually share it everyone online, if this dude turned 3k into 80k and sold there, then we would have been able to say that he did something good, and that would have worked very well for him, and he would have suggested everyone to do the same, but because he waited too long, he has nothing left.

Sometimes, trusting the coin too much and waiting for too long to see its price skyrocket, might even put us into a huge loss. This is the reason why traders should set a goal price first when to sell before trading, regardless if the coins do still have the potentials to increase its price knowing trading outcomes can still be unpredictable. If only he prioritized taking his current profits first before thinking to trade more to get into more profits, then he should have trading in joy right now, not trading with greed that ends with regrets.

One of the main risks that you would be dealing up with meme coins on which its not really that recommended on holding it up for long term. If we do tend to look around on how many meme coins been launching every now and then, then you could really be able to say that it would really be ideal that you should really be taking up profits at the moment or time that you do able to make money or profits. Be contented on what you do able to earn because if you do tend to hold yourself with those meme coins on your portfolio then most of them would wither and die away. There's no way that to be able to predict on which one would live and pump into the moon and which one would really be kissing into the floor. There are really just that those kind of hopes deep inside on hitting up that nasty 100x. Grin

One of the main things that you would really be able to have those kind of hopes or wishes in mind is to get rich with meme coins. Who doesnt want on getting rich?
One of the reasons on why people would really be holding tons of meme coins on their bags but of course there would really be always that accompanied risks
on which it is really that high or could be in equal on pure gamble.

Topic: What type of a trader/investor is this? - page 3. (Read 815 times)