Topic: When Trading becomes Unfavourable - page 4. (Read 1734 times)

Yeah is correct in saying that if greed works inside for trading you will not get success in trading. To trade is to understand the correct position of the market. Profiting from business is not as easy as it seems. Business has its own peculiarities and many challenges one must always be ready to face them. While there is no harm in asking for more it is bad to take a wrong step in the pursuit of more.

Those are very hard and difficult three factors and that means most people will not be able to get them all. I mean we are talking about something that would cause a lot of trouble, and people should figure out a way to master them all.

I know that rest will come easy, if you master these, then all you have to do is study and learn how to trade, and then you will have to just keep trading to gain more experience and you will become a great trader eventually. But for that road to be easy for you, first you need to have those three. Discipline is one of the hardest ones, there isn't a boss or a teacher or a parent making you do something anymore, it's just you and you alone, if you can't do it then nobody else will push you to do it.

greed is the main factor. I've seen this in several people. Those who jump in here want to get rich quickly and they literally disappear within one to two months. if I ask them why they don't return to trading they will say trading is a scam, after I went back to dig up a lot of information it turns out they were carried away by the greed brought by several influencers. like flexing, this brings many beginners to trading, ultimately they lose and consider trading a scam.

Even if we do say those are that main 3 factors to be followed or must have, then it is really that easy to say but it is really that to implement toward self because once you are really that stepping yourself into the world of trading then everything would really be that totally unpredictable and there would really be factors on which it would really be affecting you along the way. Even if you have set those kind of conditions and
mindset towards yourself on what you must do. Then you might really be that ended up on having those kind of change thoughts along the way.

This is why it would really be that important that you should really be that having strong will and mind if you are really that persevering on following those things you've set
then it would really be just that depending on you. Its hard but not impossible and this is something you should bare in mind. Expect the unexpected on which
this market could move unpredictably on which there's no one would really be able to know on where prices would be heading.

Anytime trading becomes unfavorable, I think we need to look back and think of how we have trade in the market and ended up not making any progress at all. There are some times in our life which we have to think and make proper adjustments to improve in the way we di things. We can always make good decisions that would aid our improvement and increase the way we make profits in trading since trading is an axt we can work on and try and build to become more better than before.

When we trade, of course we hope that we will get some money from it. But we can't expect extra money immediately when we trade because if we overestimate our bid we can lose money from there. Don't expect too much in trading, we can make profit if we sell immediately when the market goes up a little. The first thing in trading is knowledge is very important if we don't have knowledge about trading then we will never get success in trading.

What matters most in trading are three main factors, they includes: 1. Discipline, 2. Patience 3. Confidence. if you have figured out these three factors you will trade better than you have ever done because beyond this Three factors you see your trading been less profitable, a disciplined and confident patient trader more often than none remains profitable than a trader who just base their trading decision on technical analysis.

Even when you have a good trading plans and strategy, you need the discipline and confidence to execute your trade plan perfectly and get the edge that makes you profitable and this will mean you been patient enough to see your confirmations before execution.

Greed is always bad trading. Greed brings adversity.  Trading should be done with discretion.  Moreover, if you continue to trade in the same way and if the profits stop coming from there, it will also create adversity.  Trading depends on experience.  The more experienced the profit is more but I would say beginners should be satisfied with less profit rather than greedy.

Money matters are not without their risk, except it is not money we are talking about, but if it is to gain money and even gain a whole lot of it, then one must be ready for the risk and overcome the challenges they might face therein. That is why trading has to be handled professionally, and with the needed experience and creativity, this may not be impossible. I pity those who are trading and can't handle their psychology, it is such that will get them in trouble, that is where the greed and fear come in, and those traders who have these two are already emotional, and there is nowhere emotion will dive you if not into ruin. Once a trader loses, I believe the better one should be happy still and let go of it real quick to help himself indirectly.

This is what is helping me when I am more experienced about trading, if not, emotion can set in and before you know it, that might be the end of the account. Doing what others hardly do in trading is a very good way forward and instead of looking for the best trading strategies that will give you 100% winning, why not just try to find the one that can give you at worst 75% winning strategy then you cover up for the weakness with a proper money/risk management along with very good trading psychology. With these in place, you know when to trade and when to wait, and even if you lose, it won't affect you or your trading account so much because you will be able to manage yourself and your trading account.

This is the rule that preserves trading success longer.

Most newbies Nowadays don't Have the patience of waiting and learning deeply, they just Wana invest and cash out profit immediately, which if they happen to be lucky in most cases it might work out for them, but in situations were they aren't lucky they will loose everything,

 I believe taking risk when it comes to trading and Betting should be managed, because in a blink of an eye you can loose everything that took u so long to get,
We just have to minimise our losses so it doesn't affect us financially and emotionally, the same way we must take risk in order to be successful in a particular trade.

That's why everyone is not successful in trading as people lacks patience and discipline and to be honest there will always be naive people who will be on losing end.

Atleast we can stop our loss by following set of rules which are basic of trading. But it's not so easy and we should be behaving like a bot using algorithms when it comes to trading by just following the trading rules instead of going with instinct or greed.

This is not possible for everyone to follow and that's the reason only few are successful traders.

To start trading, a person must first control his greed and increase his patience. Traders face many challenges when they are going through adversity, as the market is often challenging. Whenever there is volatility in the market, people put their money in losses, and sometimes they are seen to recover again. But there are some people who can't be patient when such market volatility starts, and they are the only ones who lose money. It is true that most of the time trading is in losses, so don't be overly greedy, but be patient and analyze all aspects of the market.

I agree that crypto knowledge is very important in trading but we couldn't ignore the impact of greed on humans behavior in the financial markets. If greed comes in, you have to change the full strategy you makes from start which will lead to over trading and at the same time trader will ignore the money management strategies which should be balanced in the trading and negativly change in these will contribute to potential losses.


Besides the factors you already mentioned (knowledge, passion, emotional control). I think one should have traders should also keep an eye on the news of trading coins. Sometimes our analysis is totally accurate but due to upcoming news the token price completely go in opposite direction. Crypto tokens performing depends more upon update rather than just technical analysis and chart reading.

The trading strategy or plan must be a working one before sticking to it though there is no perfect trading strategy however money management and the trader ability to  manage their trades without being greedy is the way out of becoming a profitable trader whatever challenges the trader encountered can be solved if trader sticked to their plan anf managed their trades well, moreso it better to enter a trending market early enough and set profit target so as to earn reasonable profit instead entering late using a lagging indicator for entry, of course this is based on how experience the trader is before the executing a trade with more profit with lower risk to high reward ratio and fewer loses the trader would be profitable in the long run

When a trader cannot control their emotions in their trading activities, what often happens is that they become more greedy when they get a profit and prefer to ignore the initial plan that they have prepared very well from the start. Things like this happen quite often. But usually those who have habits like this are those who don't have long experience in trading. So they don't understand how important it is to always stick to the plans that have been made. Because the analysis and plans made at the beginning always have more impact when we carry out the analysis at that time, we are still not emotionally affected so we can make mature plans. Meanwhile, in the middle of trading activities, sometimes our emotions are affected. So we have to stick to the original plan.

I am aware that futures trading has a leverage, but not with forex trading. All the time, I thought it was like a default spot trading here in crypto but the only difference is in forex trading we are using traditional currencies. But indeed that for a risky trade like them, we will need the help of a stop loss.

In spot trading, I think the reason why many are not using a stop loss, is because there is a chance that they can recover if they will just wait for a while. But that may not be possible in other forms of trading. There are still some spot traders who use a stop loss. I think they are just being careful. Well, indeed that it's to better safe than sorry.

For me, greed is not a factor that can cause someone not to achieve profits in crypto trading, for me the worst factor that causes someone to lose in trading is not having trading knowledge.

Crypto trading is always accompanied by knowledge, whether in terms of analysis, charts or market situations. If you don't have knowledge in analyzing the crypto market and the movement of the type of crypto being traded, of course the risk of loss is greater than the profit, In other cases, emotional nature can also harm us in carrying out trading activities. In other cases, patience can also determine positive things in trading, a person cannot succeed in trading if they are impatient, for me that is the basis that makes many of those who lose in crypto trading.

We're in the space for the primary target, which is just to milk the system. We possess elevated hopes for the market, and most of us are working hard to become exceptionally successful and profitable, but we are not prepared to meet the market's requirements.  For example, we aspire to our mentors' lifestyles but have no idea how much labor goes into the project. It is not always advisable to trade because the market is turbulent and does not always favor us, rather we should keep practicing for a better chance to equipped oneself with good strategy.

Well everybody knows that in trading we need to buy a coin at a low price and sell at a high price but this is not so simple as it seems. People doing wants to catch the extreme bottom for buying and want to sell at extreme top and it is in reality not possible and this is the main reason why most of the traders will fail.

First you need to analyse the market and also you need to take the profits as you get into the profit and not wait for the ultimate top. The same thing goes for buying the coins to buy at the support and not to formo.

Therefore, a trader needs to be able to read the market situation and try to be consistent in their planning. Trading is not just buying and selling when profitable. We realize that sometimes things don't go according to what we predicted, and we have to accept the loss.
Sometimes traders who feel lucky with a few short wins feel like control is in their hands. and it makes traders forget their initial plans to immediately exit when their targets and plans are achieved.