Topic: You lose more when you over trade - page 8. (Read 1530 times)

There is nothing we overdo that doesn't have its consequence, and in trading, overtrading will surely affect traders negatively if care is not taken. It might not happen on the very first day, but the repetition of such can't have a good ending. What causes overtrading? Nothing but emotion. Be it when the trader is excited, maybe for winning and wants to win more (greed), or it could be for a bad trading day where the trader is trying to gain back his losses and thereby overtrading and making mistakes (revenge). Either way, it is so bad for traders to overtrade, this has impaired the psychology already, the trader is trading under the influence of emotion, nothing less, unless the trader is such that is so strong in his mind. There is no way he will not make mistakes. But for a few traders who actually follow their trading systems thoroughly, what people might call overtrading might not entirely be it. Still, such traders must be very careful of overconfidence for them not to lose by believing too much in themselves.

Many peo6migjt not know that over trading is a problem to even our mental health but many might not know the consequences in the later future. Whwther we are a crypto trader or fiat trader, we need to work with strategy and try to focus on what we give us profits in the market as traders that we are. We can make money in the market if we know how to trade very well and take quick decisions in time of uncertainty. We can stay more focus and trader according to our Capital and not becoming greedy.

Certainly it is greed. They can't just say that they over-trade for nothing but the main motive is trying or wanting to earn more. Although IDK, maybe it's also possible that they over-trade because they want to practice more? Or they simply enjoyed it? I think that anyone can over-trade, so we shouldn't always attacked the newbies.

In fact, newbies can be more careful about their action because they still lack in knowledge and experience. Whilst the experienced users are more confident about their ability so they may want to face more risk. Your given strategy seems great. But it also has a downside, and that is, we can end up paying more fees. Trading is still/always uncertain no matter what. So don't say that we won't lose anymore once we do your strategy.

Yes I admit it is difficult but in my opinion for people who are really serious in their intentions and determination I think nothing is impossible, we can see that there are those who succeed and those who fail, the question is what people who succeed do and what people who fail do, and if others can why can't we? of course for that problem I only say overall because of course everyone has their own capacity in terms of learning ability. On the other hand I think for the problem of whether or not it takes a long time to wait for the right time in my opinion it will also return to the learning ability of each person before they are involved in the actual trade, if indeed they have a good learning capacity then I think the learning will not take too long, and of course for that problem only they themselves can judge. On the other hand I think mistakes are natural in any field when someone is in the process, there will be no success if there are no mistakes that can be learned, of course they can start slowly while learning.

All of this is a choice, if indeed they feel able to get involved in the world of trading with all the difficulties that exist then please do, there is nothing wrong with trying and don't focus too much on profits if you are still in the early stages of involvement, if you feel fine and can get through all the difficulties then continue because chances are maybe this is the right profession for you. Basically you never know if you don't try.

Any overwork will affect the results of our work, no matter trading or any other work. And trading, by the way, is an even more complex job that requires constant concentration, especially when it comes to day trading. If we trade chaotically without a specific regime and without rules, then overwork will negatively affect us.

I see that successful traders can choose the most productive time for themselves, some see that they achieve the best results in the morning, so they trade only at this time, and the rest of the time they do other things.

Yes, there are traders who overdo their positions. Instead of making some decent but failed to stop and ended up losing them money,
positioning is very important and like what you said, being greed is not bad.

But if you don't do things the right way, you will see yourself regretting. Most of those who lose because of trying to add more with their earnings
realize this kind of mistake.

And those who manage to adopt and use the experienced to control their emotions and limit their trade earn decently.

As a trader, you should have days when you don't trade. These days can be used for enjoyment or to gain new ideas on how to be a better trader. When a trader trades consistently, it impacts and may cause confusion, as you stated. It will be even more satisfying if everything is done one step at a time. And becoming addicted to trading will not end well since the trader will want to make profits at all costs, greed will set in, and the trader's thinking will begin to change course. Trading with calmness will be a good combo for a successful trading.

Most people who tell you about trading and investing in bitcoin will only tell you about the good things you can get from it. While there are benefits, there are also plenty of challenges that you will face as a trader, such as losing money, which is unavoidable in bitcoin. And having information in anything you accomplish in life is always beneficial, as your mood functioning will be different from that of someone who does not have knowledge.  Get the knowledge first then benefits follow next. The trader just have to make decisions that will help him become a successful trader.

I agree.

They never stop, even though they made more than enough already, that's why they ended up having nothing because of their lose streaks. It's not bad to be greedy, but sometimes it goes up in our heads, being too confident that the market will always go to our way that's why they suffered a lot of losses instead of one or few big wins in a day. They always want big leverage to flex it on social media, which make their trade vulnerable to liquidation.

Future trade is very risky when you don't know about trading, then you should not do future trade at all, but spot trading is also not so easy, it also requires good experience. It is not that a newbies starts spot trading and earns profits. You have gained experience in spot trading before and that is good, but good experience is gained by trading with very small amount in the beginning. This is because you can avoid more losses due to any mistake. Newbies often make more mistakes and learn from those mistakes.

 I also used to make mistakes in almost most of the trades in the beginning, but because of the small amount I did not suffer much loss. Even if you have six months of experience in spot trading, still try to stay away from futures trading as futures trading can hurt you more. In trading every person wants to get maximum profit so no target can be set as much profit as possible every person is trading according to this calculation. However, your advice is also correct.

That's your strategy, everyone can't be like you and that's how trading is, what works for you might not work for any individual. Some individual can trade daily and although they might not make profits everyday but at the end of the week or when they do their monthly wrap-up they'll be making profits. It doesn't also matter how long you take to trade or if you trade constantly, if you don't know how to make profits you still won't be successful at trading.

Trading everyday doesn't make you to be over trading, if you're making profits and you're not getting addicted then you can continue trading but when you're losing and still trading then you're doing something wrong and you need to stop trading or you'll lose all your money. Chasing after your loses is wrong and can be considered over trading as you'll exceeding your trading limit chasing losses.

The mistake that most newbies makes about trading is that they always forget to start from the basic which is spot trading before venturing into futures trading. Myself I traded spot for more than six months before I started futures trading. As a trader you have have to set a target for yourself within the week and it has to be a target that is realistic, and once this target has been achieved you stop trading for the week.

Well, I think many people have high enthusiasm. To be honest, I was also very excited when I found out about crypto, and hoped I could make a lot of money from there.
However, situations like this happen very often, where people who are new to this business are very excited and hope to easily make money from trading. Well, whatever it is, they will try to start it. they will learn once they have started either they will stay and continue learning, or get out of trading instantly. Just enough, sometimes people get too excited and use all the money they have or more than they can afford to lose to start something new without knowing the risks. So, it would be wise to do research, and use minimal funds to get started.

I understand that it is going to be tough to do this, because waiting for the right time could be a while and some people can't wait that long and make mistakes, but also we need to understand them as well. I mean if we focus on just the people who end up not making a mistake it is going to be a tough deal, it is not going to be easy at all.

I hope that people could end up with something much easier and better, we just need to make sure that it is going to end up with something that should be getting to a point where it may end up doing greater with waiting period. I think it's both understandable and also not that bad to have no patience towards trading, it is wrong, but it is an understandable wrong that many people are making daily.

Trading is not a get rich quick just like beginners have perceived it. The reason why beginners think that it's okay to overtrade as it also increase their chances to be in profits. But trading does not work like that. The more you trade without knowledge but only followed your greed, the more likely you will end up into losing your money.

Trading requires skills and strategies to make it work and successful. But if people tend to trade even without those, then expect that they won't be trading to be in profits but for huge losses. Most especially if they resort into overtrading, that will easily lose their finances in less time.

Newbies are easily influenced by unreliable crypto influencers that trading can go a long way and can even make them get rich quick if they have the persistency to trade. While it's partly true, but we all know that if we trade without sufficient knowledge about the basics in trading, we will never be successful with trading. Instead of seeing it as a way to reach our fortune, it could even lead to the worst scenario, that is getting suck from all our losses and even used up all our hard-earned money and wealth.

With that, overtrading can turn us into a state of distitute because we follow our greed over our our right thinking.

Whatsoever you overdo becomes a problem and trading is not an exception to that, and the more you trade, the more you become confused, and likely you are to make silly mistakes which will finally result in you incurring unnecessary loses. You don't need to trade so often to make huge profits in the marketin fact, over trading will likely lead someone to being a trading addict if care is not taken. The market is all about being calculative before taking your decision and being discipline.

Over confidence would really lead into disaster and it isnt really just that limited to gambling but also in other things or aspects or situations in life on  which its never been that a good behavior if you would really be that too confident into things on which it would really be leading up into a disaster if you do really that make yourself that too confident and having those thoughts that you do know everything
but on the  time that you do able to encounter things which you havent been able to encounter before then you would really be having that kind of a anticipation on things and this is why its better to changed it up while its still early and make out those kind of trading method and ways or path on which it would really be that something that will really be that much better on having
that kind of approach rather than on making yourself that delusional.

That's what most people think when they hear about cryptocurrency. But in the end they are really disappointed with the result because they think it's to easy to earn money with trading cryptocurrency, but they don't know about behind the scene about how to actually manage all of that. That's just most of the newbies fault.

Chasing more wins or greed is just something that you should never do in any aspect of your life not just in trading. I don't know why people think trading is a gambling, they probably actually losing more because of the lack of analyze of their losses and lack of research. Sometimes you will find yourself is just not the best day of trading, you can't just treat it the same.

Full of confidence without the right experience. It's not just it happens on crypto but on different market as well, you can also compare it to first timers who has a really great expectation about their first business. There are so many motivators in the internet but those people really survive in their niche facing a lot of losses along their way on being profitable.

Those who are aiming for quick rich schemes are the one who are probably losing their money. Confidence is important but it is much more effective if the confidence is paired with knowledge and experience.

Fatal mistake mindset with the beginner or some trader in this forum with investing in bitcoin as the way how to get rich quickly, many of the trader have bad mindset less patience waiting the market going dump and try quickly entry with market condition on the higher price. Another bad mindset with beginner they want earn much profitable with their investing, out expected because they want earn more than x10 profitable with their investing and looks bit difficult exactly investing with top standings altcoin on coinmarketcap position.
Have to change mindset when investing in bitcoin is not faster way to get rich and keep patience waiting market come to us with lower price than have come to market and investing when price still up.