Hope for the best, but expect the worse!

[dunfida]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

Yea, since no one can predict the market movement losses afe bound to happen even as a professional trader and that's why one should alwahs use the amount of money that you can afford to lose in order for you to be in control of your emotions when you run at loss.

A new trader needs to practice for him to have experience about the market and improve his knowledge and such people will always run at loss at the beginning till they have figured out a good strategy that works for them to make profit. Just like gambling losing is inevitable so prepare your mind towards it.

Yes, this is something the primary rule when you do make out some investment here on crypto space on which you should really that invest on the amount that you do afford to lose because if you do find yourself having this kind of approach on which you do find being that too optimistic and that too much positive about on the outcome or results then on the moment that the market fucks up you hard then it will really be that giving out
that not good feeling or simply with those disappointment and anger on which this could possibly causes up for you to do actions on which arent supposed to be done. This is why it will really be that important that you should really expect the unexpected always on which this market had been always that unpredictable in the first place then it does give out the idea that everything couldnt really be that assured. This is why it would be wise and ideal that you should really be that versatile enough on dealing up with this space and dont make yourself that fixated into the positive results or outcomes because thats not how easy as it goes.
Always be prepared for different back up plans whenever your initial analysis had been failed or a total loss then it will really be that just right that you should know on what you should do next.

[Dewi Aries]

Well as a trader we need to expect the unexpected because not everything will happen according to what we plan and sometimes we loss, not every day we earn so we also need to prepare our self for the possibility. You are right hope for the best and expect the possible worst when we loss.

After doing everything correctly in the best way that you can you still need to hope for the best but expect the worst for everything to work exactly as you have predicted as trading is so unpredictable. You can predict the market accurately but it doesn't mean that the market can't go the opposite direction of everything that you have done. As a result of this unexpected behaviour of the market sometimes. that's why we don't have to keep our trades open more than how we planned on keeping it as the market can change direction anything and make all our profits to become a lost. We don't need greed and be satisfied with the little profits we already have.

Exactly, you said everything correctly which I would say that is the reason why greed is something that must be avoided, and that is also the reason why the ability to stop at the right time must be possessed by a trader, the fact is that stopping in a small profit situation is always much better than exiting without profit or even exiting with a loss situation.

As we know that the market is very volatile, a profitable initial position does not mean that you will end the position with a profit, the market is not still, the possibility of an opposite movement is very possible, and this is where the intelligence of a trader is tested, and this is the reason why skills and knowledge are the main keys to staying in the best position, and this is also the reason why a trader, especially a beginner, is always required to have a strong intention and determination to learn.

[fikrett]

Well as a trader we need to expect the unexpected because not everything will happen according to what we plan and sometimes we loss, not every day we earn so we also need to prepare our self for the possibility. You are right hope for the best and expect the possible worst when we loss.

After doing everything correctly in the best way that you can you still need to hope for the best but expect the worst for everything to work exactly as you have predicted as trading is so unpredictable. You can predict the market accurately but it doesn't mean that the market can't go the opposite direction of everything that you have done. As a result of this unexpected behaviour of the market sometimes. that's why we don't have to keep our trades open more than how we planned on keeping it as the market can change direction anything and make all our profits to become a lost. We don't need greed and be satisfied with the little profits we already have.

Exactly, you said everything correctly which I would say that is the reason why greed is something that must be avoided, and that is also the reason why the ability to stop at the right time must be possessed by a trader, the fact is that stopping in a small profit situation is always much better than exiting without profit or even exiting with a loss situation.

As we know that the market is very volatile, a profitable initial position does not mean that you will end the position with a profit, the market is not still, the possibility of an opposite movement is very possible, and this is where the intelligence of a trader is tested, and this is the reason why skills and knowledge are the main keys to staying in the best position, and this is also the reason why a trader, especially a beginner, is always required to have a strong intention and determination to learn.

It's his knowledge tested as well as the self-discipline, will a person be able to go out of the position that he has, if it's too risky / already got the profit needed - or he will try his luck out due to greed, which you described?
Different situations need different reactions and plans for them, that's why it's important to stay responsible and look after your funds, because you are their ruler, not your emotions or temptations.

[Dewi Aries]

Exactly, you said everything correctly which I would say that is the reason why greed is something that must be avoided, and that is also the reason why the ability to stop at the right time must be possessed by a trader, the fact is that stopping in a small profit situation is always much better than exiting without profit or even exiting with a loss situation.

As we know that the market is very volatile, a profitable initial position does not mean that you will end the position with a profit, the market is not still, the possibility of an opposite movement is very possible, and this is where the intelligence of a trader is tested, and this is the reason why skills and knowledge are the main keys to staying in the best position, and this is also the reason why a trader, especially a beginner, is always required to have a strong intention and determination to learn.

It's his knowledge tested as well as the self-discipline, will a person be able to go out of the position that he has, if it's too risky / already got the profit needed - or he will try his luck out due to greed, which you described?
Different situations need different reactions and plans for them, that's why it's important to stay responsible and look after your funds, because you are their ruler, not your emotions or temptations.

That's interesting, different situations require different reactions and plans? of course, make sure that everything remains objective and does not go off the right track, and the only way to stay in control of everything in my opinion is to maintain awareness so that we can avoid various actions that should be avoided in every particular situation such as emotions when we experience losses or greed that arises in the mind when we have succeeded in achieving the profit target.

In the end I think everything will be fine if only we can always maintain awareness and a rational mindset to identify every sign of a decision that should be avoided and also to know when is the right time to stop.

[jaberwock]

It's his knowledge tested as well as the self-discipline, will a person be able to go out of the position that he has, if it's too risky / already got the profit needed - or he will try his luck out due to greed, which you described?
Different situations need different reactions and plans for them, that's why it's important to stay responsible and look after your funds, because you are their ruler, not your emotions or temptations.

As they say, there are no perfect person in this world. So, even if we think we already crafted our best version, there will still be a time that we will commit a mistake again. So the answer to your question is yes. When we go overboard due to greed, I think yeah that luck is most of the things that we will be needing now even though there are also skills there that we applied. There are still times that our outcome is still positive and hopefully will now calm down and return to our previous state next time. Funds are only just a funds. We shouldn't let them rule us too. This is what they say that money is the root of all evil because we let them rule us.

[hyudien]

That's interesting, different situations require different reactions and plans? of course, make sure that everything remains objective and does not go off the right track, and the only way to stay in control of everything in my opinion is to maintain awareness so that we can avoid various actions that should be avoided in every particular situation such as emotions when we experience losses or greed that arises in the mind when we have succeeded in achieving the profit target.

In the end I think everything will be fine if only we can always maintain awareness and a rational mindset to identify every sign of a decision that should be avoided and also to know when is the right time to stop.

In life everything will have 2 sides, or everything will definitely be in pairs. We cannot always want to get benefits (get something good), sometimes we will experience losses. On the other hand, we will not always feel a loss (get something bad), because we will definitely get benefits, as long as we do it with full consideration based on knowledge and experience. The problem is that people become greedy when they get benefits and people give up more quickly when they experience losses. Indeed, that is our natural trait, but that natural trait can be controlled if we have very adequate knowledge. Another problem is that they are quick to conclude while they do not have the knowledge that is usually done by beginners.

[Dewi Aries]

That's interesting, different situations require different reactions and plans? of course, make sure that everything remains objective and does not go off the right track, and the only way to stay in control of everything in my opinion is to maintain awareness so that we can avoid various actions that should be avoided in every particular situation such as emotions when we experience losses or greed that arises in the mind when we have succeeded in achieving the profit target.

In the end I think everything will be fine if only we can always maintain awareness and a rational mindset to identify every sign of a decision that should be avoided and also to know when is the right time to stop.

In life everything will have 2 sides, or everything will definitely be in pairs. We cannot always want to get benefits (get something good), sometimes we will experience losses. On the other hand, we will not always feel a loss (get something bad), because we will definitely get benefits, as long as we do it with full consideration based on knowledge and experience. The problem is that people become greedy when they get benefits and people give up more quickly when they experience losses. Indeed, that is our natural trait, but that natural trait can be controlled if we have very adequate knowledge. Another problem is that they are quick to conclude while they do not have the knowledge that is usually done by beginners.

Well that's it, it means that this is why a trader, especially a beginner, is always advised to dedicate himself seriously to learning various things related to the world of trading, because after all the key to success in trading is knowledge and experience, making mistakes is a natural thing for a human being who does not know what is right and what is wrong, but it is a natural process that everyone goes through in any case to achieve an experience, and this experience will make a trader know that applying greed is an action that is too risky, and giving up in the middle of the journey just because you experience a loss is a loser's mentality.

It means as you said that even though it is human nature but all of that can still be controlled and something that will help you to control it is knowledge and experience, so this is the reason why as I said above that a trader must always have the desire to learn.

[Rockstarguy]

We cannot consider this volatility as the worse thing in bitcoin ecosystem, we are talking about something that is dangerous to play with in the end, but if you learn how to make use of volatile nature of bitcoin for your benefits, then you may get the best of best. I think we should be considering this that easy, it is not going to happen that easily and we should have some hard time if we fail to do anything good. Just focus on holding as much as you can, but get your stop loss ready just in case as well, this way you can hold and profit, but if things get out of hand, you will be at least getting out at the right time as well.

Volatility is part of bitcoin which we can not do without, some see it as dangerous but it is not, it can be dangerous to those who don't have understanding of how it work.  In bitcoin we need volatility, without it their won't be profit, volatility is what makes bitcoin a better currency compare to fiat. The reason why bitcoin volatility is a problem to some people, they rush into the market without trying to have understanding concerning the market. When people know nothing about the volatility of bitcoin it becomes very dangerous that can lead to lose of money.  

Their is nothing difficult about volatility if there is a good understanding about volatility. When you understand volatility of bitcoin while trading or hodling you don't need depend on it,  it is important one must have a source of income to depend on. It is better to trade and hodl what you can afford to lose, and one has to be patient with the market. For one not to be bothered about volatility just understand it and it is not going to hurt just like some people thinks about it.

[Dzwaafu11]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

It’s true we should keep our expectations high because that is what will make us focus and trade with no fear. As a trader, losing is something that must happen whether a trader likes it or not. Losing is part of the journey, but many traders did think it was a normal thing that happened to traders; they thought they would get profit all the time, which is not true. Every investment has a risk attached to it, and the risk that is behind trading is money that you will easily lose, especially if you have deep knowledge of trading. You are at high risk of losing money.

Emotions are always another factor why some traders lose money, especially if they lose in their previous trade. They put it in my mind that they must recover the loss from the next trader. The last thing I will mention that you forget is greed. Many traders are greedy; they are not ready to learn, and they put too much hope on trading. 

[South Park]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

It’s true we should keep our expectations high because that is what will make us focus and trade with no fear. As a trader, losing is something that must happen whether a trader likes it or not. Losing is part of the journey, but many traders did think it was a normal thing that happened to traders; they thought they would get profit all the time, which is not true. Every investment has a risk attached to it, and the risk that is behind trading is money that you will easily lose, especially if you have deep knowledge of trading. You are at high risk of losing money.

Emotions are always another factor why some traders lose money, especially if they lose in their previous trade. They put it in my mind that they must recover the loss from the next trader. The last thing I will mention that you forget is greed. Many traders are greedy; they are not ready to learn, and they put too much hope on trading. 

This notion of trying to earn back the money you have lost immediately after a mistaken decision does not really make sense, trading is very difficult so it is natural that most people have never mastered it, but it is not possible to somehow learn how to win all the time, as even companies like casinos cannot achieve this, and if they did, you can be sure there will not be any players left after the massive economic losses they would incurred and the dissatisfaction they will fill after this happened.