Altcoins Talks - Cryptocurrency Forum
Further Discussions => Trading (Not crypto) => Topic started by: teddalpiaz on January 29, 2022, 05:05:06 PM
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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?
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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.
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Greed is the desire to acquire something especially materials things.
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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 a mental feeling that will make you attract something worldly or other material. Greed can be caused by anything but the ability to control it is not equal in everyone. Especially those who have managed to control their greed are only successful in life. But controlling greed is the biggest challenge in investing and trading.
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I believe that greed is a selfish emotion that can lead to misbehavior, arguments amongst individuals, and further harm to our life.
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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?
Many newbies/upcoming trader's who just got into the forex market uses the greed limit a lot, after placing a successful trade tends to add more trade and thereby causes a rug pull or turned out to loose the trade because of greed thinking the outcome would successful.
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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.
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Greed for me is just being selfish, and if one allows his or her selfish emotions to affect him or her in business, trading etc.. then it can be harmful to you in different ways...
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In my personal definition, greed is a habit in which you feel unsatisfied, wanting so much that you don't notice yourself becoming greedy. We are now controlled by the high desire for big money.
So it means that this is not a good behavior or character of a person, that instead of what we would have had, we end up losing it. Is the type of income that they should have because they wanted something bigger still lost because of its existence? greed.