What is greed actually?

[Asiska02]

Please tell me the information of greed and how can it be beneficial or powerful for opening an alternate. If it is harmful how can I remove it from my exchange?

Greed may have different meaning to what they’re been used for. But since it is about trading, greed in trading simply means the desire to want more even when you know what you have is satisfactory. The desire to want more even when it’s not feasible in a trade has draw a lot of traders to blow their accounts up. They need to understand that greed is one of the major setbacks that a trader has during their trading journey. If you can’t fight and kill your greed at trading, you’ll definitely not be on a winning run for a very long time. Greed has to also do with emotions and should be avoided by all means.

[philipma1957]

Greeds mostly comes when you have a target and you have met with it but you feels you could gain more of it my staying a while and even yet you may have succeeded to gain as much you still want more of it.
This is simply a system where you can lost a million dollar at the caused of chasing one dollar.

It is very harmful and disgraceful that is full of regrets.
To avoid this then you must be contented to what is at hand probably what you have achieved depending on your initial targets.

This is close.

Greed is more more more more .

Greed means  you want more when you have enough.

[Flavour]

Please tell me the information of greed and how can it be beneficial or powerful for opening an alternate. If it is harmful how can I remove it from my exchange?

It is simple as it sound, it is the desire to have more that you wanted. Let me break it down, for instance in Forex where we have stoploss and take profit. You set your take profit to 20 pips then as you see it reaching it you then increase so as to gain more. That is what I will consider as greed. What do you think? Do you have another meaning of greed?

[Closeup]

Please tell me the information of greed and how can it be beneficial or powerful for opening an alternate. If it is harmful how can I remove it from my exchange?

Greed is something everyone has what make the difference between profitable trader and you is that they are able to control theirs by having set target and goals

[Mia Chloe]

First of all, greed is a default setting in the human Brain it can show up at any time because it's human nature but you must learn how to control it especially when trading the financial market. Having successful trades can make you feel invisible and always think that you can keep pushing to make more profits, people get greedy a lot when their trades are going well, instead of them to just hit their target and leave the market they will decide to keep trying to get more till they lose everything.

In my opinion I think greed is basically defying your own strategy for selfish reasons. The fact is it may work sometimes probably if you get lucky but some other times it may not. Greed is almost normal for all humans controlling it is what is most important. Especially if you are a trader, you have to make sure you take your strategy and analysis very serious to prevent sudden greedy moves.

One thing a greedy trader fails to do is ratio his profit and also his loss. And because of this their risk becomes way high that a little fluctuation ends up putting them in a huge loss.

[milewilda]

First of all, greed is a default setting in the human Brain it can show up at any time because it's human nature but you must learn how to control it especially when trading the financial market. Having successful trades can make you feel invisible and always think that you can keep pushing to make more profits, people get greedy a lot when their trades are going well, instead of them to just hit their target and leave the market they will decide to keep trying to get more till they lose everything.

In my opinion I think greed is basically defying your own strategy for selfish reasons. The fact is it may work sometimes probably if you get lucky but some other times it may not. Greed is almost normal for all humans controlling it is what is most important. Especially if you are a trader, you have to make sure you take your strategy and analysis very serious to prevent sudden greedy moves.

One thing a greedy trader fails to do is ratio his profit and also his loss. And because of this their risk becomes way high that a little fluctuation ends up putting them in a huge loss.

The urge on needing up on something more when it comes to money is really that become a part of us or simply on every human being does have that greed inside on which it is a part of us on which we do know that we do give out that outmost consideration about making money or income because we do know on how money works or simply generalizing in terms of living a good life and other correlated things. Its normal to aim for more money but its recommended or suggested that you do really know about limitations and control when it comes to greed because if you wont be able to do such thing then you are prone into those tons of bad decisions.

[Mia Chloe]

~snip

Analysis and strategies differ when it comes to trading be it crypto trading or Forex trading but the thing is it actually depends on experience too. Some traders practice all in trading some on the other hand practice strategic and mapped out risk management. Both have varying chances of being a successful trader but a full time SMC trader may actually view an all in trader as one trading off greed which isn't true.

The fact is what matters the most in every type of trading is the concept of what actually works everyone is in search of strategies that can flip accounts and not one that will blow up accounts. The ratio of your total success volume to loss volume tells how good your strategy is.

[Chilwell]

Greed is the desire to acquire something especially materials things.

I also agreed with what you said, Greed is when someone is not content or satisfied with what they have, and is ready and willing to have or aquire more, driven by selfish motive, and if care is not taken, greed can lead to greater losses. Greed is an emotional state that can impair a person's sense of reasonable thinking and motivate them to take the wrong or poor decisions, which they may regret later.

[Findingnemo]

Greed is the desire to acquire something especially materials things.

I also agreed with what you said, Greed is when someone is not content or satisfied with what they have, and is ready and willing to have or aquire more, driven by selfish motive, and if care is not taken, greed can lead to greater losses. Greed is an emotional state that can impair a person's sense of reasonable thinking and motivate them to take the wrong or poor decisions, which they may regret later.

Greed clouds the rational thinking which is how all the scammers take advantage of these greedy people to fell for their trap. Sometimes greed can actually make the people rich as f*ck, seen them in real life, they will be ready to do anything for their greed and they won't even hesitate to bury someone's life if they get any benefit out of it.

[DavetJack]

Greed is actually a natural resource, it is more or less present in everyone, maybe more in some, maybe less in some. This greed can be due to any reason, and this greed can change people's place. It is not good to do anything by greed. Not everyone has the same ability to control this greed, if one can control greed, his life is successful.

[Millionaire]

Greed is an undisciplined action and you want to get more profit without considering the risk, for example if you trade and have set a daily profit target of $10 and you are satisfied with that fortune but you think about getting $20 per day so that your gratitude is reduced because no matter how much fortune you have measured for you, it feels insufficient.

[Dr.Bitcoin_Strange]

Greed is an undisciplined action and you want to get more profit without considering the risk, for example if you trade and have set a daily profit target of $10 and you are satisfied with that fortune but you think about getting $20 per day so that your gratitude is reduced because no matter how much fortune you have measured for you, it feels insufficient.

That's correct, greed is the reason why some people ends up to blow up their account, they must have already made a very significant profit but because of non satisfied desire to make all the whole profit in one day, they will continue to trade until they lose their capital and the initial profit they made. A typical example is one of my friend, he asked me to gift him $10 so he can continue his trading because he lacked capital, I accepted and sent him the $10, and he took a trade that day and lost $4, he was then left with $6, he used the $6 and took 3 trades that multiplied the $6 to $27. When he informed me about how he increased the money to $27, I told him to rest for that day and continue the next day but he didn't listen to me, the last trade he took, cleared all the money and that was when he realized himself. Greed is very bad.

[Agbamoni]

Mainly, greed is a feeling which appears after several successful trades when the trader is blind about the risks which every trade hides and the trader thinks that all of his future deals will be as successful as the previous ones.
Greed is a definetely negative emotion which occurs during a trading process and I cannot see any advantages of it, there are only disadvantages. There are many ways to get rid of this feeling but ot all of them are effective. As for me, I feel that the best way to eliminate such a psychological factor from your trading is to make your trading strategy precise and accurate with lots of criterial and objective metrics. In such a situation you'll hardly experience any kind of emotions, you'll concentrate on the objective facts.

Greed does not only occur after successful trades, greed even comes more after losses when your wanting to get all the money you have loosed that's also greed, and a lot of traders has been into such a situation
but it doesn't really matter the time when greed creeps in, what matters is how to stop it. All these feeling falls under emotion if your able to control your emotion you will certainly be able to control those feelings too, is it greed, fomo, unsatisfied with profits or what so ever, all falls under emotions.
As a forex trader or even an investor regulating your emotions should be prioritized when getting the knowledge of these business also get your emotions in place and that will l certainly make everything balanced

[Hatchy]

Please tell me the information of greed and how can it be beneficial or powerful for opening an alternate. If it is harmful how can I remove it from my exchange?

It's depends on what aspect you wish to discuss on. Greed can be beneficial to you in one aspect but become something like a problem another. As regards trading, you can't be too greedy. When you get a reasonable amount of money from the market, you are meant to take your profits and walk away. There will always be an opportunity for you to make more profits.

Some traders finds them selves too greedy after making a good amount of profits from the market, the end up losing it. Some might be greedy as well and make a huge sum of money for them selves. So in both ways you shouldn't be too greedy but greedy is just something we can't do without as humans.

[Nheer]

Please tell me the information of greed and how can it be beneficial or powerful for opening an alternate. If it is harmful how can I remove it from my exchange?

It's depends on what aspect you wish to discuss on. Greed can be beneficial to you in one aspect but become something like a problem another. As regards trading, you can't be too greedy. When you get a reasonable amount of money from the market, you are meant to take your profits and walk away. There will always be an opportunity for you to make more profits.

Some traders finds them selves too greedy after making a good amount of profits from the market, the end up losing it. Some might be greedy as well and make a huge sum of money for them selves. So in both ways you shouldn't be too greedy but greedy is just something we can't do without as humans.

Definitely we can do without greedy as a human even a little one most have it, but the best way to overcome it in the market is just by trusting your instincts and depending and trusting your own strategy and analysis. We can’t do without it but we can try and minimize it to some certain extent.
  When I do trade I try to follow and trust my process and stick to my plan after all it just win or loss, either take profit or the market hits your stop loss but sometimes I do take my profits half way cause sometimes market is sideways and after taking my profits then market will hits my take profits lol that just the process sticking to plan and let the market work and you will definitely reduce greedy when you have take profits in trading Analysis.