Fight Greed and Fear, and you will win.

[Lazarock 264]

Hello mates trust this meets you well and in good health, I am new here although not new to cryptocurrency trading. I just want to talk about two things that can affect your trading life seriously, which is Fear and Greed, most times because of the fear to lose money we exit high probability winning trades so fast. You can control this emotion by avoiding your chart once orders are placed with good risk management.

Secondly Greed, you can avoid greed by having a daily, weekly and monthly goal(target) and have the decipline to close once met. If we can avoid this two then we will win big time.

If this was helpful to you, can I get a heart reaction please.

Edited November 25, 2020 by Lazarock
Typographical error

[Zamani1 17]

19 minutes ago, Lazarock said:

Hello mates trust this meets you well and in good health, I am new here although not new to cryptocurrency trading. I just want to talk about two things that can affect your trading life seriously, which is Fear and Greed, most times because of the fear to lose money we exit high probability winning trades so fast. You can control this emotion by avoiding your chart once orders are placed with good risk management.

Secondly Greed, you can avoid greed by having a daily, weekly and monthly goal(target) and have the decipline to close once met. If we can avoid this two then we will win big time.

If this was helpful to you, can I get a heart reaction please

@Lazarock well said mate. Firstly i welcome you this life changing educative forum and wish you all the best. You have actually raised a good topic on fear and greed as inability to remove ones fear of trading in crypto market is like one that still don't want changes in his life financially as fear of failure in crypto trading is a failure on his own.

[Oyetoyy 1444]

The greed part is really the one that got my attention. This is not to say the other points raised are  not important. People should set realistic goals. Don't be too overzealous about what you intend to achieve. 

[glory50 1259]

Those are the 2 most emotional set backs to any trader whether you are experienced or new, most people fall under greed and fear, and you understand why because it becomes very difficult to understand how to build a certain proliferation to it , there are so many people who dont even understand how to stand or even work in any form but the truth is we need to keep going in certain directions. If you eliminate greed , its possible to tare down all other forms of trading mistakes.

[Sypher9 1162]

Greed or lack of confidence with fear are a bad combination to reside in a trader because they can make him or her unsuccessful so let's avoid them by all means even when we are working here at cryptotalk in order to obtain good results.

[SuperCrypto 7193]

Fear and greed are the enemies of rolling. So all a trader needs to be successful and profitable is to separate themselves from money and focus on executing a quality trade. Fear in particular is the cause of failure in many situations, and not just trading because it will distract you from trading and objective analysis of your trades.

[Farukatie 1271]

Yes mate you are very right if we want success in life we have to deal with fear and greed and we must should reject these two things also we have to control our emotions during trading. If we are fear to do trading we maybe exit the most high winning probability. Same as if we use our emotions maybe we come into greed and take a wrong decision which loses a lot.

 

[Ali dost 453]

On 11/25/2020 at 2:45 PM, Lazarock said:

Hello mates trust this meets you well and in good health, I am new here although not new to cryptocurrency trading. I just want to talk about two things that can affect your trading life seriously, which is Fear and Greed, most times because of the fear to lose money we exit high probability winning trades so fast. You can control this emotion by avoiding your chart once orders are placed with good risk management.

Secondly Greed, you can avoid greed by having a daily, weekly and monthly goal(target) and have the decipline to close once met. If we can avoid this two then we will win big time.

If this was helpful to you, can I get a heart reaction please.

Strongly aggree with you because these two things are found in cryptotalk as take to myself. If you control and avoid these things definitely you will become a successful person in cryptotalk.

[teebasas 3018]

Fear and greed are often identified as the main drivers of financial markets. This is clearly an oversimplification. One of the easiest ways to decrease the emotional effect of your trades is to lower your trade size. 

[Izeal 4404]

On 11/25/2020 at 3:30 PM, Lazarock said:

Hello mates trust this meets you well and in good health, I am new here although not new to cryptocurrency trading. I just want to talk about two things that can affect your trading life seriously, which is Fear and Greed, most times because of the fear to lose money we exit high probability winning trades so fast. You can control this emotion by avoiding your chart once orders are placed with good risk management.

Secondly Greed, you can avoid greed by having a daily, weekly and monthly goal(target) and have the decipline to close once met. If we can avoid this two then we will win big time.

If this was helpful to you, can I get a heart reaction please.

I have lost many trades due to fear like I have already hit the target but I was waiting for more but before I can sell it has gone down and reached to stop loss and I have made good loss. And if you have fear then your confidence will be low and you can't make proper trade and even you will make trade in very nervous.

[bhaiegoo 1517]

Both two words are so important in trading. We should avoid fear in trading than we can achieve our goals easily otherwise in fear and frustrated we loss big one profit. While gready is also bad in trading because desire to earn more and rapid will cause heavy loss of money. So in trading always remain calm not frustrated. 

[Nicole018 4548]

Thank you so much for sharing this valuable piece of advice. I am sure this would be helpful to the new beginners out here who are starting on their trading. Once you start trading the next question that comes to your mind is when to exit. I am sure greed and fear would definitely be barriers to take good decisions. So this particular strategy would definitely help you to take wise decisions and reap the right amount of profits without going to loss.

[yato987 2811]

true point you mentioned , myself still trying to get rid of the greed i have because i loss many times because of it and i'm getting better day after day , setting a target is the best solution and when you see you earnt more profits if the price kept increasing just appreciate and accept this extra profits and don't earn for more so you don't end with losing the profit and your capital in case the price dropped

[Samotokika 1780]

On 11/25/2020 at 2:45 PM, Lazarock said:

Hello mates trust this meets you well and in good health, I am new here although not new to cryptocurrency trading. I just want to talk about two things that can affect your trading life seriously, which is Fear and Greed, most times because of the fear to lose money we exit high probability winning trades so fast. You can control this emotion by avoiding your chart once orders are placed with good risk management.

Secondly Greed, you can avoid greed by having a daily, weekly and monthly goal(target) and have the decipline to close once met. If we can avoid this two then we will win big time.

If this was helpful to you, can I get a heart reaction please.

Greed is curse and when we run for it we had lost everything which is in our hand also having fear and not having confidence in you will not let you to do something good so overcoming these two situations will definitely reward you in the best 

[Noghran 0]

Fear and greed are among the most important things that hinder an individual's progress
This is because it is holding him back from gaining more knowledge and financial adventure in order to make progress in his life
So we have to fight it with satisfaction, conviction, and courage to take action!

[Sp19a1ma019 1076]

Don't be greedy for any work like cryptotalk you will try to hard to show your qualities and abilities for earning income and show what you are. 

[Alsh9 1007]

I think that the most important thing here is patience and not fear. You should be calm and work to collect information in order to gain experience in the areas of trading and investment. I am new here and I am working on collecting the largest amount of information. I wish you success in that.

[Ses93 1624]

There are two forces you always find behind leaving an individual to do something without completing it, or failing without an apparent reason. These two forces are "fear of success - and fear of failure."
Greed has negative effects in achieving success, so a person should not be always greedy, but rather he must think and plan with his judgment so that he does not lose what he gains quickly.

[Johermi 1170]

You are right friend, fear can make you and sometimes win because of fear you saw a potion that you had on the high and the price falls, do not lose because you remove your position out of fear but practice makes you lose that fear, just be patient and greed it's bad it can make you lose a lot of mea past before 

[Brandonsaw 1973]

Of course fear and codisia will give you lost profits operating in the cryptocurrency trade first to start operating in the trade you must lose fear because fear can lead you to great losses you must be sure of your decisions that you make and you must  be aware that there will be losses and gains and that you should never give up and remember from mistakes you learn so as not to commit them again and learn more until you are an expert luck for all.

[progma 326]

fear gread,and anxiety are things which have to be known how to be controlled as greed can take ones emotions to another level of depression, as you can take from traders as they can talk of having to know how to control their fear as well as the greed which might come as part of the session

[Danial0999 557]

You are right, my friend, in cryptocurrencies, trading and trading. We must avoid fear and greed. We must trust our ability to succeed and earn profits in addition to patience

[Mwangi 5611]

Greed and fear plunged me into minex and now am crying today , the pain I have today is something I cannot imagine, I have lost and something is wrong and we need to really put together that powerful source of trading source we need to value the trades that we have and we need to delete emotions on how we invest , and that is very important not only to yourself but to everybody.

[Ludmila Castro 1153]

First of all welcome to the forum mate, you have raised a great topic since you have a lot of reason in what you say, sometimes it is better to take risks to obtain benefits, we have to put fear aside

[Ruhaa 1009]

Yes this is true, we must have emotional stability in ourselves so that we could be mentally strong to take any decision and to face the consequences. Our fear and greed will lead us towards negative side of life and will not let us to progress. So we must keep fighting with our fear and win our war.