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.
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When they say greed or when you hear about greed is something that is in a person not just a person but it works in their mind.
To control greed you don't need to always need to chase every money, like for exchange trading you don't always needs to enter all trade because not all trades fetches you profits neither do all newly launched coin give you profits from holding them. Again you must always follows your instincts if it tells you not to enter market do not use because the market is always bullish and jump into market to trade without knowing it's just a mere bull traps.
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If it is harmful how can I remove it from my exchange?
Greed cannot be completely eradicated; it can only be controlled and kept in check because, occasionally, even experienced traders have lost trades because the allowed greed creep in. Greed can come in different forms and in different manners, that can be unexpected.
As a trader, you need to be able to identify a decision you are about to make as something based on the emotions of greed, so you can control it.
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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.
That's true, it's very hard for one to control greedy especially if they are in charge of worldly things like money which is the ultimate thing that makes people to misbehave and makes people to turn against each other, and when greed step in, it can make someone to go after it and even when they have it, they can't still be satisfied so that is why we should discipline ourselves to the extent that when we find ourselves in such case, we can be able to control our greed.
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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?
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. Always stick to your target no matter how little the profit might be
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When you have a clear plan, it is much easier to follow it, and greed fades into the background. But this is ideal, when there is a clear plan)
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Greed is when someone is not contented (not satisfied and not happy) with what he has and he is willing and eager to have more than that no matter the circumstances. It is the excessive desire or craving for the something more e.g money or something valuable for selfish interests.
Greed motivate someone to work very hard, it encourage them to find more knowledge and skills on trading or whatever they are craving for, it can lead to stress and depression which may harm the health of the person, it also lead to discrimination and conflict, it tarnished someone's image and reputation, greed also lead to loses.
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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 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.
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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.
This is close.
Greed is more more more more .
Greed means you want more when you have enough.
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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?
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?
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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 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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.