Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Ris44d on July 10, 2018, 05:06:50 PM
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
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yep it costed me 50k dollars.
never be greedy always take profits
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Yeah, some people just aren't satisfied with those 10-20% gains, waiting for that moonshot 10x you will miss out on tons of smaller incremental gains.
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all want much and at once! All think that here in a month or two will earn millions
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
Yes its really true being greedy is not a good attitude when doing business with crypto due to its volatile characteristics, so we should be careful and ensure to have better decission always.
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yep it costed me 50k dollars.
Wish I had 50k to be greedy with, but still agree with the sentiment. In the same way, there is no point regretting that you would have made more if you had held on to your coins rather than taking a profit. Never be disappointed about putting money in the bank, it will pay off in the long run.
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yep it costed me 50k dollars.
Wish I had 50k to be greedy with, but still agree with the sentiment. In the same way, there is no point regretting that you would have made more if you had held on to your coins rather than taking a profit. Never be disappointed about putting money in the bank, it will pay off in the long run.
I started with 5k :) Wishes can come true... I was never expecting that much so I think I was more greedy than I even thought.
This time I think I won't wait more than 20k to take profits...
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
You're right! But there's also a one thing that may contribute to failure of trader: fear, when a trader cuts out his profits too early not giving his profit a chance to grow further. When trading one should try not being greedy and not being feared, better to trade with logic, not emotion.
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yeah never greedy. But emotion is one of the hardest control in trading specially when in real money not in demo. if you lost today then comeback tomorrow and try again.
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yeah never greedy. But emotion is one of the hardest control in trading specially when in real money not in demo. if you lost today then comeback tomorrow and try again.
yeah, it's hard to control your emotions and inner voice.
But successful trader don't try to run away from emotions, instead, they try to learn from emotions what kind of signal they send, because a lot of traders right now are facing the same emotions and it's quite a powerful signal.
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Good afternoon! Trade in cryptocurrencies is always big risk. But who doesn't risk, that doesn't earn! With such services as ours, your chances to miss the good transaction are reduced several times, and here the capital will grow up!
By the way, we free of charge train in arbitration of cryptocurrencies between the exchanges, write us!) ;)
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Good afternoon! Trade in cryptocurrencies is always big risk. But who doesn't risk, that doesn't earn! With such services as ours, your chances to miss the good transaction are reduced several times, and here the capital will grow up!
By the way, we free of charge train in arbitration of cryptocurrencies between the exchanges, write us!) ;)
Yes. Good risk management is needed when trading. You have to know what you're risking and not sitting too long that your small losses become great.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
We should keep on calm because sometimes being greedy will risk our investment.
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yes, greed is the strong enemy, itself many times flew by with profit because of her
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there is a wish to earn now and many!! but so can happen seldom, especially to the current market.
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Greedy will kill your portfolio in many way when market in rising you choose not to close out your position and take the profit however the market suddenly make a huge drop which can be due to many events happen in a short time.Off your profit and even worst a losing trade.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
But how can we define greedy in trading? We just aim to earn more profit and earnings in decent ways but i don't know where is the greedy thing on that? Lot of people become rich in trading but i can't tell if they are greedy or not because for me you will not lose your investment if you will just know how to hold, sell and trade properly.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
But how can we define greedy in trading? We just aim to earn more profit and earnings in decent ways but i don't know where is the greedy thing on that? Lot of people become rich in trading but i can't tell if they are greedy or not because for me you will not lose your investment if you will just know how to hold, sell and trade properly.
Money management and the strategy plays a big part. You must tune yourself to be a robot in trading to profit in the long term.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
the greed of commerce is already a person's trait, and there is so much that I see in the crypto trade, and those who had hoped for their coins went higher, but they were wrong to analyze it that eventually the coin went down deeply.
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Like you said greedy plays a vital role in crypto world. I think human nature never satisfies, and it always wants more. It's the best strategy to set a goal beforehand and stick to it.
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Just don't lose your way guys and gals... 10-20% profit in something is 2+ years in a stock market trade most times.. don't let the crypto crazy gains blind you from the real money you may be passing on everyday holding out for something better that may never come!
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
There are times that being greedy will work in your favor but most of the time it wouldn't be good for you because you will not be contented with your profit so you want more and end up being at a loss given that crypto prices are very volatile. You should always take profit because I become greedy before so I end up with losses instead if profits.
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Yes never be greedy when trading. The next minute the market might turn to another direction, if you are greedy you will be stuck in between from cashing out or hold on to the losing position.
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if you the investor, then the patience is very important, as well as at the short auction. never it is necessary to be greedy - it will lead to losses as you will make in that case unprofitable transactions
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There is a saying in my country that profit is beautiful when its in your pocket. So being greedy ends up being poor imo.
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You can be greedy in trading but too much greediness will surely bring you regret. This is the tragic moment of every trader that was eaten by greediness.
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You can be greedy in trading but too much greediness will surely bring you regret. This is the tragic moment of every trader that was eaten by greediness.
it is very true, that greed will only make us lose more, because when we get the benefits and profits it may not be what we want and we are obsessed with the greater benefits that we get, which in turn makes us trapped in greed we alone.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
Exactly...that's the reality and hard to remove that mentality since we are dealing here with money and our ultimate goal is to get bigger profits. I prefer to set my goals and sell it when the price hit my target...never extend because crypto is unpredictable you will just notice in a few minutes the price was already down.
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Agree, we should be careful in our decision and patiently waiting for us to gain a big profit.
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greed it is very bad, I came across on greed. There is a wish to take everything and at once, and it turns out on the contrary. The price ceases to grow and begins to fall, and in the thought head "it was necessary to sell!" but already too late
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
That is very true indeed, because I myself have gone through it, by doing greedy trade and obsessing over huge profits, right now I suffer a huge defeat.
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greed is not good it is very bad for your wealth it makes us make many and more mistakes with money . You tend to lose more when you are greedy for more profits.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
You right man, greedy can make the pople fall in poorness. We must be patient in the trading. But im not sure also i can be patient ;D.
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In trading, you need to comply with risk management and money management.You should have a clear plan of earnings for the day that you need to fully comply.
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Many people suggest getting greedy to start trading in crypto. Some people have experienced destruction after doing wrong actions, such as buying one type of coin when prices are falling. They also often wait for profits at high prices. Though coin prices are very volatile.
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If we consider long-term investment-it is possible to increase capital...but many do not understand begin to invest, sometimes even transferring some coins to a completely different wallet and then someone is accused.
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In trading we must have a strategy, how much money we have to invest and how much we have to hold. Even though the coin price is falling, we should not be greedy to buy. But use strategy and feeling, because not all coins will give you an advantage.
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As a trader you should know about your limit. It is good to set a maximum target to earn profits but it doesn't mean to be greedy. A smart trader never does with emotional way but he goes with a right strategy.
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Greed is what always ruins us in the crypto world. In the pursuit of high interest rates sometimes do not understand the obvious and begin to lose their capital. You need to create your own rules and follow them to be a successful trader. Sometimes negotiability better than losing, but this rule is probably only in 5% of cases.
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Yes, when we benefit, for example, from trading, even though it is only a little in my opinion, that is enough. because there are so many cases of greedy people losing because they fantasize about selling it too high. but the price is getting lower. so when I have an advantage I always sell it not greedy.
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Greedy will bring harm to everyone. Like a dog that is biting a bone and crossing a river. He plunged himself into the river to retrieve the bone which was actually his own shadow.
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Greedy just same like whale food, always in on the FOMO and getting some rekt after the market crash.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
I think "greed" in commerce is needed because I think this is one of the factors that will generate profits quickly. But "greedy" with the correct calculation capital.
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It's never good to be greedy. Because greedy ones definitely make mistakes. The main goal in the crypto world must be not to make profit a lot rather than not to lose money.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
Avoid greed while trading, don't be greedy because If your motivation for being greedy is to generate substantial profits, then you are making a big mistake because it can lead to excessive risk-taking, clouding judgment and triggering emotional challenges. Greed-driven trading often prioritizes lofty profits over prudent decision-making, increasing the likelihood of significant losses. Instead, focus on disciplined trading practices, setting realistic goals, and managing risk to achieve long-term success.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
We can be trading by taking risk, but this does not open us being greedy when trading, if we are to trade, then we must learn how we can manage the two altogether, trading is not what we can do by mouth in saying we are not being greedy, this only happens from the trades we take in respect to the risk involved because of the money in it which is our own target to make profits from.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
To be a good trader even to profit in trading we have to avoid greedy. Greedy is very harmful for traders. For start trading anyone need gathe knowledge about fund management, risk management, greedy control etc.
If anyone follow this he will be profitable there has no doubt.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
To be a good trader even to profit in trading we have to avoid greedy. Greedy is very harmful for traders. For start trading anyone need gathe knowledge about fund management, risk management, greedy control etc.
If anyone follow this he will be profitable there has no doubt.
Greed is factor that destroy people or that makes people to lose huge while trading, and greed is something that doesn't allow someone to grow while trading because he would be limited to some specific level of where he is instead of increasing and making profits he would be stagnated in particular place. In fact in all, he would lose big time because of the level of greed he or she may apply while trading.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
We can be trading by taking risk, but this does not open us being greedy when trading, if we are to trade, then we must learn how we can manage the two altogether, trading is not what we can do by mouth in saying we are not being greedy, this only happens from the trades we take in respect to the risk involved because of the money in it which is our own target to make profits from.
Trading involves been greedy at some point but you should know how to also control your greed level in order to become a profitable trader. When you’re risking more than you can afford to lose, after making a lot of money and your analysis is not also showing some positive impact anymore, it becomes very riskier when you continue to trade and that will simply be called greed.
In some trades that you’re already in profit, when you see your analysis still playing well, you can just continue to adjust your SL but not close such trades. In that case, you need to be greedy for more money while adjusting your stop loss to fit into not losing everything when it later goes against you. Trading is great and one should only be greedy at the appointed time only.
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To be a good trader even to profit in trading we have to avoid greedy. Greedy is very harmful for traders. For start trading anyone need gathe knowledge about fund management, risk management, greedy control etc.
If anyone follow this he will be profitable there has no doubt.
Greed will always be something to learn to control while a trader because it cannot be conquered or overcome once. It is the wrong idea to have that immediately that you can overcome greed once, and the emotion will never return. Every trader will be in a constant tussle to keep their emotions of which greed is one of them in check. This is why recognising the concept of greed and how dangerous it can be is an essential to be a successful trader.
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Greed is factor that destroy people or that makes people to lose huge while trading, and greed is something that doesn't allow someone to grow while trading because he would be limited to some specific level of where he is instead of increasing and making profits he would be stagnated in particular place. In fact in all, he would lose big time because of the level of greed he or she may apply while trading.
Indeed. When you are greedy, it will ruin your trading goal. We must always remember that we must avoid greedy, this is one of the factor of possible failure. I'm sure, we can handle our greed if we have enough knowledge in trading. Traders who have good knowledge, they will trade in a more realistic way. As long as we trade in the right way, I think we don't be greedy. ;)
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Greed is factor that destroy people or that makes people to lose huge while trading, and greed is something that doesn't allow someone to grow while trading because he would be limited to some specific level of where he is instead of increasing and making profits he would be stagnated in particular place. In fact in all, he would lose big time because of the level of greed he or she may apply while trading.
Indeed. When you are greedy, it will ruin your trading goal. We must always remember that we must avoid greedy, this is one of the factor of possible failure. I'm sure, we can handle our greed if we have enough knowledge in trading. Traders who have good knowledge, they will trade in a more realistic way. As long as we trade in the right way, I think we don't be greedy. ;)
Yes and it should be those learned traders because newbies or amateur traders do not really understand the consequences of greed and of course those who are pro traders and has lasted long in the field of trading would definitely understand that greedy is a factor that keeps one level in a particular place, and when it's shy away from it and understand that every single dollars means a lot then they will definitely learned not to be that greedy while trading because if equating by every single dollars you would see that at every single day while trading you would definitely makes at least 4-10$ without applying so much greed.
Anyway +1 for you.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
To be candid, it is very advisable not to be greedy with trades since it can make you loose the little profit you have acquired in attempt to gather more profit.
I have a little experience on being greedy.
But on the other hand, most times being greedy can get alot profits to your portfolio... Especially when speculations/predictions are right, one can change his sell position and even put it higher just to gather much profits and on some cases this speculation enters for the trader on that particular trade.
I've also experienced this but not everytime...
But in all, it is advisable for traders to manage their greed and their corresponding fear index when trading....
Being greedy all the time isn't good.
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Greed is factor that destroy people or that makes people to lose huge while trading, and greed is something that doesn't allow someone to grow while trading because he would be limited to some specific level of where he is instead of increasing and making profits he would be stagnated in particular place. In fact in all, he would lose big time because of the level of greed he or she may apply while trading.
Indeed. When you are greedy, it will ruin your trading goal. We must always remember that we must avoid greedy, this is one of the factor of possible failure. I'm sure, we can handle our greed if we have enough knowledge in trading. Traders who have good knowledge, they will trade in a more realistic way. As long as we trade in the right way, I think we don't be greedy. ;)
Yes and it should be those learned traders because newbies or amateur traders do not really understand the consequences of greed and of course those who are pro traders and has lasted long in the field of trading would definitely understand that greedy is a factor that keeps one level in a particular place, and when it's shy away from it and understand that every single dollars means a lot then they will definitely learned not to be that greedy while trading because if equating by every single dollars you would see that at every single day while trading you would definitely makes at least 4-10$ without applying so much greed.
Anyway +1 for you.
We should be able to avoid or manage bad emotions, greed. because this will eliminate our chances of getting profit because when we are greedy we cannot think clearly. We must go according to plan and do not get out of the plan before we do a re-analysis even though the market conditions look good. And it takes knowledge and experience to be able to manage bad emotions such as greed. newbies will be easily tempted by greed, but for those who have been trading for a long time will have different considerations.
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Yes and it should be those learned traders because newbies or amateur traders do not really understand the consequences of greed and of course those who are pro traders and has lasted long in the field of trading would definitely understand that greedy is a factor that keeps one level in a particular place, and when it's shy away from it and understand that every single dollars means a lot then they will definitely learned not to be that greedy while trading because if equating by every single dollars you would see that at every single day while trading you would definitely makes at least 4-10$ without applying so much greed.
Anyway +1 for you.
We should be able to avoid or manage bad emotions, greed. because this will eliminate our chances of getting profit because when we are greedy we cannot think clearly. We must go according to plan and do not get out of the plan before we do a re-analysis even though the market conditions look good. And it takes knowledge and experience to be able to manage bad emotions such as greed. newbies will be easily tempted by greed, but for those who have been trading for a long time will have different considerations.
Of course they have their own disciplines on how to manage the market conditions than that of newbies since they are easily being controlled by greed. But though greed comes with emotions and anyone who can control their emotions can as well be able to face the market correctly without having to fall for that nature, we should learn to control the greed in our lives.
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But on the other hand, most times being greedy can get alot profits to your portfolio... Especially when speculations/predictions are right, one can change his sell position and even put it higher just to gather much profits and on some cases this speculation enters for the trader on that particular trade.
I've also experienced this but not everytime...
The truth is, even though greed expose traders to risks that can be avoided, the end result of being greedy isn't always negative. Greed is a motivator. Since all what greedy traders want is more money, greed can push them to be committed to make that money, and yea, Some traders are usually lucky to take the profits they desire.
Many here, both traders and hodlers are greedy, the only difference is that some persons are able to control their greed, while others allow greed control them. The solution here is for traders to have a balance between their greed and carefulness not to overtrade or take decisions that will expose them to more risk.
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Greed will always be something to learn to control while a trader because it cannot be conquered or overcome once. It is the wrong idea to have that immediately that you can overcome greed once, and the emotion will never return. Every trader will be in a constant tussle to keep their emotions of which greed is one of them in check. This is why recognising the concept of greed and how dangerous it can be is an essential to be a successful trader.
The effect of greed is extraordinary, it can make us get the opposite and actually drop much more in the end. Greedy here is especially in the future market, or in setting a certain coin price target, because sometimes, the gap between the ATH and the drop is very fast. and when we want more and more, then it will be dangerous for us.
Greedy is different from risk management on price targets. When we have a certain price target, and we set it, then we observe the market carefully and if we are able to increase the price target higher, then we can do it well, on the basis that we monitor the market in more detail. and in the end, it would be much better if we had a guideline for how much price target we want to achieve.
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Of course they have their own disciplines on how to manage the market conditions than that of newbies since they are easily being controlled by greed. But though greed comes with emotions and anyone who can control their emotions can as well be able to face the market correctly without having to fall for that nature, we should learn to control the greed in our lives.
I agree we should control greed in our lives, because it is a bad emotion. Moreover, in investment we are often faced with situations that make us confused when the market forces us to change the target higher not according to plan, because the market is moving up and we want a bigger profit, that is our temptation to be greedy.
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The effect of greed is extraordinary, it can make us get the opposite and actually drop much more in the end. Greedy here is especially in the future market, or in setting a certain coin price target, because sometimes, the gap between the ATH and the drop is very fast. and when we want more and more, then it will be dangerous for us.
Greedy is different from risk management on price targets. When we have a certain price target, and we set it, then we observe the market carefully and if we are able to increase the price target higher, then we can do it well, on the basis that we monitor the market in more detail. and in the end, it would be much better if we had a guideline for how much price target we want to achieve.
Exactly, Greed is the most difficult obstacle to rational reasoning, especially in fast changing crypto markets. With the risk of loss being much greater when we want big results but don't do the careful calculation ahead of time, we end up there. Thus the key to not losing unneeded capital lies in the balancing of the necessity to make a profit with the capability to understand the situation of the stock market. It allows us to stay on track, even if market moves unpredictably.
In some ways, having a plan with realistic targets can also help us act more effectively. In markets that permit us to weight the target in a more profitable direction, rather than just to get more, there is no good reason to proceed on the basis of desire unless the analysis is thorough. When we have a full control of every decision made, we can choose what investments make more sense, and with this they can deliver higher quality long term results.
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yeah never greedy. But emotion is one of the hardest control in trading specially when in real money not in demo. if you lost today then comeback tomorrow and try again.
I like to make one point very clear to traders/investors, but especially traders. You don't loss a trade except you sell below your entry positions which is as a result of being emotional, and even fear of loosing all. Business is a pool of risks, and crypto being very volatile, we must trade with experience and confidence that the Market can bounce back at any time.
I don't immediately begin to count losses just because markets goes below my entry positions, i know that market may experience sudden dump, it is one of the challenges that i also considered before entering.
In facts, loss should be concluded to have occurred if i sell sell below my entry positions, and this is completely based on fear of losing all or very emotional as i had explained.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
We can be trading by taking risk, but this does not open us being greedy when trading, if we are to trade, then we must learn how we can manage the two altogether, trading is not what we can do by mouth in saying we are not being greedy, this only happens from the trades we take in respect to the risk involved because of the money in it which is our own target to make profits from.
I think that you could be discussion a best opinion in this post. So i am also agree with your comment. We know that trading is one of the best profitable section in cryptocurrency market. But if we cannot understand in cryptocurrency market, we must be face in losses in cryptocurrency world. Because cryptocurrency market is also depending on your telnet. So i believe that we shouldn’t be greedy for trade. So i think that if we started trading in small amount, it will be prefer for us.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
We can be trading by taking risk, but this does not open us being greedy when trading, if we are to trade, then we must learn how we can manage the two altogether, trading is not what we can do by mouth in saying we are not being greedy, this only happens from the trades we take in respect to the risk involved because of the money in it which is our own target to make profits from.
I think that you could be discussion a best opinion in this post. So i am also agree with your comment. We know that trading is one of the best profitable section in cryptocurrency market. But if we cannot understand in cryptocurrency market, we must be face in losses in cryptocurrency world. Because cryptocurrency market is also depending on your telnet. So i believe that we shouldn’t be greedy for trade. So i think that if we started trading in small amount, it will be prefer for us.
Greed is a bad thing, especially in investing in crypto which is full of risks and the crypto market is very volatile.
Greed can make us lose the best opportunities. That's what I often experience because I'm greedy, making me lose opportunities when the price I've targeted is reached, but I'm still waiting for the price to go up. I agree with the opinion of the member above who said that. Because I experienced it myself.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
We can be trading by taking risk, but this does not open us being greedy when trading, if we are to trade, then we must learn how we can manage the two altogether, trading is not what we can do by mouth in saying we are not being greedy, this only happens from the trades we take in respect to the risk involved because of the money in it which is our own target to make profits from.
I think that you could be discussion a best opinion in this post. So i am also agree with your comment. We know that trading is one of the best profitable section in cryptocurrency market. But if we cannot understand in cryptocurrency market, we must be face in losses in cryptocurrency world. Because cryptocurrency market is also depending on your telnet. So i believe that we shouldn’t be greedy for trade. So i think that if we started trading in small amount, it will be prefer for us.
Greed is a bad thing, especially in investing in crypto which is full of risks and the crypto market is very volatile.
Greed can make us lose the best opportunities. That's what I often experience because I'm greedy, making me lose opportunities when the price I've targeted is reached, but I'm still waiting for the price to go up. I agree with the opinion of the member above who said that. Because I experienced it myself.
Greed is very dangerous, and it really won't help your trading journey. I think the best thing to prevent greed is discipline. If a trader has discipline, it can guard himself from being greedy. You can't become a profitable trader if you don't have that. Trader must have a trading plan to follow, and he couldn't stick with that if he doesn't have discipline because sometimes the market will encourage us to trade even though we can't see the criteria in the chart.
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The effect of greed is extraordinary, it can make us get the opposite and actually drop much more in the end. Greedy here is especially in the future market, or in setting a certain coin price target, because sometimes, the gap between the ATH and the drop is very fast. and when we want more and more, then it will be dangerous for us.
In some ways, having a plan with realistic targets can also help us act more effectively. In markets that permit us to weight the target in a more profitable direction, rather than just to get more, there is no good reason to proceed on the basis of desire unless the analysis is thorough. When we have a full control of every decision made, we can choose what investments make more sense, and with this they can deliver higher quality long term results.
Indeed, this initial strategy really helps us in managing assets better and wiser. And the plans in setting the target can also be adjusted in several stages so that it is not too hasty or too different from market conditions. And that at least gives us the opportunity to continue taking profits at a certain rate with a certain percentage. And the most important thing is that this can be one way to manage our emotions so that we are not easily greedy and panic in any market situation.
We know that trading is one of the best profitable section in cryptocurrency market. But if we cannot understand in cryptocurrency market, we must be face in losses in cryptocurrency world.
Indeed, trading is one of the most ways to gain high profits, more quickly. However, as I said, trading is high risk and the risk of loss is also very high. And in trading, there is an emotional situation that is played, there will be an inner battle between fear and greed, FOMO, panic, and other emotional situations that can make it easier for us to lose our money. But on the other hand, if we can master and manage emotions wisely, then it will give a good impact and profit.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
Greed wont do anything good, whether you are dealing with:
1. Gambling
2. Investing
3. Business
4. Opportunities
5. Trading
You are just basically making yourself that prone into those decisions on which it is really just that because of desperation.
If you wont really be that careful when it comes into this aspect then you will really be that prone with tons of mistakes.
Therefore, proper control and discipline is something which you do really need up to consider first.
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newbies will be easily tempted by greed, but for those who have been trading for a long time will have different considerations.
Sometimes newbies are people who take a lot of risks because they usually have that beginner's luck and sometimes their operations usually turn out well, but because they cling to what they call luck, but that is not good because there is no clear foundation, greed must be something controlled from the beginning, you cannot open up to greed from the first moment, that is why it is necessary to make a good trading plan with profits that can be made and in case that per day or per week depending on how you have set up your plan it cannot be carried out , things will go wrong and you will fail, for this to happen trading must be seen for what it is, and it is a business.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
We can be trading by taking risk, but this does not open us being greedy when trading, if we are to trade, then we must learn how we can manage the two altogether, trading is not what we can do by mouth in saying we are not being greedy, this only happens from the trades we take in respect to the risk involved because of the money in it which is our own target to make profits from.
I think that you could be discussion a best opinion in this post. So i am also agree with your comment. We know that trading is one of the best profitable section in cryptocurrency market. But if we cannot understand in cryptocurrency market, we must be face in losses in cryptocurrency world. Because cryptocurrency market is also depending on your telnet. So i believe that we shouldn’t be greedy for trade. So i think that if we started trading in small amount, it will be prefer for us.
Greed is a bad thing, especially in investing in crypto which is full of risks and the crypto market is very volatile.
Greed can make us lose the best opportunities. That's what I often experience because I'm greedy, making me lose opportunities when the price I've targeted is reached, but I'm still waiting for the price to go up. I agree with the opinion of the member above who said that. Because I experienced it myself.
Yes Greedy is very bad there has no doubt. Who will be Greedy in cryptocurrency market he will be losser i strongly believe it. I saw many people lost their valuable fund only for Greediness. Even they were good trader but only for greediness the lost their all asset. Because Greediness reduce anyone’s normal mentality. So we have to avoid Greediness it not only for cryptocurrency, for proper success in life we have to avoid greediness.
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newbies will be easily tempted by greed, but for those who have been trading for a long time will have different considerations.
Sometimes newbies are people who take a lot of risks because they usually have that beginner's luck and sometimes their operations usually turn out well, but because they cling to what they call luck, but that is not good because there is no clear foundation, greed must be something controlled from the beginning, you cannot open up to greed from the first moment, that is why it is necessary to make a good trading plan with profits that can be made and in case that per day or per week depending on how you have set up your plan it cannot be carried out , things will go wrong and you will fail, for this to happen trading must be seen for what it is, and it is a business.
AFAIK, beginner's luck doesn't work on trading they might initially make a couple of profitable trades but they won't be consistent which will cost their capital including the profits made from the previous trades. This is why everyone should go with clear strategy and self control is not something that we can learn from books but only from experience so once they feel their efforts are going in vain they'll come around.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
That's a human being who always wants to get more, even though they have already made a profit but it's always less. Greed in crypto trading sometimes makes the opportunity to make a profit disappear, so I agree if someone says don't be greedy in crypto trading.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
That's a human being who always wants to get more, even though they have already made a profit but it's always less. Greed in crypto trading sometimes makes the opportunity to make a profit disappear, so I agree if someone says don't be greedy in crypto trading.
You are right in investing in crypto we should not be greedy because greed will eliminate opportunities and we cannot think clearly.
we must have a clear target and make a decision to exit when our target has been met, but sometimes when the market looks good we still try to hold on to get more profit, and the end result when we are late to sell we will lose that opportunity
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
That's a human being who always wants to get more, even though they have already made a profit but it's always less. Greed in crypto trading sometimes makes the opportunity to make a profit disappear, so I agree if someone says don't be greedy in crypto trading.
Yes humans needs are insatiable, and it goes on with mankind. I think many people has some elements of greed in them but there are some people that control these greed attitudes.
Greed on crypto trading/investing has been a common market sentiments, and it could be the reason the greed index was invented, and fortunately the Fear and Greed Index has help traders and investors to gauge the market movements.
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Greed on crypto trading/investing has been a common market sentiments, and it could be the reason the greed index was invented, and fortunately the Fear and Greed Index has help traders and investors to gauge the market movements.
The greed and fear index lets us know how the market is now, whether someone is selling more or not.
And everyone's level of greed will indeed be different depending on how they can control their trading psychology.
This is very difficult and even a professional can experience greed or fear suddenly.
I myself also sometimes find it difficult to manage my psychology to not be greedy and take profits according to the strategy that has been made, but when the price continues to rise greed starts to come, this will make anyone not care about their initial strategy.
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That's a human being who always wants to get more, even though they have already made a profit but it's always less. Greed in crypto trading sometimes makes the opportunity to make a profit disappear, so I agree if someone says don't be greedy in crypto trading.
Like what here is
(https://www.talkimg.com/images/2024/11/30/pHLog.png)
https://www.brainyquote.com/topics/greed-quotes
Greed is not about financial issues, but it is related to heart issues. There is a feeling that is always dissatisfied with what has been achieved, so that the blindness wants to get more and more but in an unmeasured state and carried away by a great current. So the risk is when we can no longer handle all of this and market conditions are not in accordance with what has been imagined, then this will actually be regret. And there have been many cases like this, because being too greedy actually makes the risk of losing even higher. And what's more, the unpreparedness with the risk is what makes the situation worse, getting panic and so on, so that it causes quite high stress and frustration.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
We can be trading by taking risk, but this does not open us being greedy when trading, if we are to trade, then we must learn how we can manage the two altogether, trading is not what we can do by mouth in saying we are not being greedy, this only happens from the trades we take in respect to the risk involved because of the money in it which is our own target to make profits from.
I think that you could be discussion a best opinion in this post. So i am also agree with your comment. We know that trading is one of the best profitable section in cryptocurrency market. But if we cannot understand in cryptocurrency market, we must be face in losses in cryptocurrency world. Because cryptocurrency market is also depending on your telnet. So i believe that we shouldn’t be greedy for trade. So i think that if we started trading in small amount, it will be prefer for us.
- Trading is the major factor for us to get profit here; this is where all the new projects that appear as cryptocurrencies in this field industry have failed. Trading is still the last destination for us to exchange the crypto coin that we will buy.
That's why trading is not easy to do; it really needs to be studied and learned thoroughly because it is not really possible to do what we don't know here. It is easy to buy and sell, but the difficult thing is to read the chart in trading. In short, the execution really makes a difference. As long as the important thing as traders is not to be greedy.
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You are right in investing in crypto we should not be greedy because greed will eliminate opportunities and we cannot think clearly.
we must have a clear target and make a decision to exit when our target has been met, but sometimes when the market looks good we still try to hold on to get more profit, and the end result when we are late to sell we will lose that opportunity
I think I don't need to say anymore that we should not be greedy, because we already know that greed will lead us to a hole of loss. And also from the beginning we often talk about greed and fear as big enemies that come from within ourselves.
We must be able to control ourselves, both from greed and fear. Therefore, one thing we can do is to create limits, such as implementing a profit target so that we can suppress greed.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
You are right absolutely, but on the other hand, there are traders who actually don't know when they go from being patient to becoming greedy, this is a subject that I think needs to be critically discussed, there are traders who can mistake being patience for being greedy, while others mistake being greedy for being patient, there is actually a very tin line between this two that most times, it's hard to differentiate.
In other for a trader not to get this confusion, I think it's better to use "setting realistic targets" as a better reference, which means that, when a trader sets a target, and his or her trade hits his target, its better to take the profit, close the trade and move on to the next trade.
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When i first started exploring the world of cryptocurrency, it felt like i had entered a magical place full of amazing possibilities but also a fair number of obstacles that were difficult to understand. The first time i tried crypto then it wasn't easy. My first step into digital currency was dipping my toe in the water. Given that Bitcoin and Ethereum were the most popular choices then i chose to test them. I still feel the early trading losses but after a few years i was able to recover them.
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When i first started exploring the world of cryptocurrency, it felt like i had entered a magical place full of amazing possibilities but also a fair number of obstacles that were difficult to understand. The first time i tried crypto then it wasn't easy. My first step into digital currency was dipping my toe in the water. Given that Bitcoin and Ethereum were the most popular choices then i chose to test them. I still feel the early trading losses but after a few years i was able to recover them.
You are right, bitcoin and ethereum are the most popular choices when I first started investing in crypto, but now we also see many choices that can make us profitable. Top 10 coins are the best choices that can be bought for investing in crypto.
so there are many coins that have the potential to be our choice in investing.
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When i first started exploring the world of cryptocurrency, it felt like i had entered a magical place full of amazing possibilities but also a fair number of obstacles that were difficult to understand. The first time i tried crypto then it wasn't easy. My first step into digital currency was dipping my toe in the water. Given that Bitcoin and Ethereum were the most popular choices then i chose to test them. I still feel the early trading losses but after a few years i was able to recover them.
I think most crypto investors have the same experience. I mean, if I say in my case, I didn't start my first investment with bitcoin or the Ethereum. I started with a new alt-coin, although I don't remember the name of it now, but it was one of my worst experiences. At the time of investing, I didn't know much about crypto currencies and, to put it bluntly, I went to invest after seeing others and suffered losses.
But currently, based on my experience, I understand that in my case, it is better to invest in bitcoin or the ethereum or the top alt-coins for the long term.
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AFAIK, beginner's luck doesn't work on trading they might initially make a couple of profitable trades but they won't be consistent which will cost their capital including the profits made from the previous trades. This is why everyone should go with clear strategy and self control is not something that we can learn from books but only from experience so once they feel their efforts are going in vain they'll come around.
Well in all new that hope that what is going to happen is that it is going to win, there is nothing else that can manifest itself better than that, sometimes they ignore the advice that can be given and if they operate and win, well it is very difficult to get them out of that belief, sometimes they only do guessing and they think they know a lot and it is not like that, usually some operations go well for them, but when they come face to face with reality and lose almost everything, well that is when they silently resort to forums, to technical analysis and that is when it all begins, it is very strange the novice who follows advice from the beginning.
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I think most crypto investors have the same experience. I mean, if I say in my case, I didn't start my first investment with bitcoin or the Ethereum. I started with a new alt-coin, although I don't remember the name of it now, but it was one of my worst experiences. At the time of investing, I didn't know much about crypto currencies and, to put it bluntly, I went to invest after seeing others and suffered losses.
You're right. Many people may begin their investment with shitcoins. I also did the same way as you. At the first time, I invest in shitcoins that I got from bounties. But there should be some investors who start their investment with Bitcoin or Ethereum. The investors who have mentors, they probably buy Bitcoin or Ethereum for their first investment. The mentors must guide them to buy the most secure coins, Bitcoin and Ethereum are the most recommended coins for newbies.
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I think most crypto investors have the same experience. I mean, if I say in my case, I didn't start my first investment with bitcoin or the Ethereum. I started with a new alt-coin, although I don't remember the name of it now, but it was one of my worst experiences. At the time of investing, I didn't know much about crypto currencies and, to put it bluntly, I went to invest after seeing others and suffered losses.
You're right. Many people may begin their investment with shitcoins. I also did the same way as you. At the first time, I invest in shitcoins that I got from bounties. But there should be some investors who start their investment with Bitcoin or Ethereum. The investors who have mentors, they probably buy Bitcoin or Ethereum for their first investment. The mentors must guide them to buy the most secure coins, Bitcoin and Ethereum are the most recommended coins for newbies.
We do know that not all would really be having that kind of risks taking thing on which they will really be that trying out to get into more other options that they could be able to generate even more profit and this is where they would really be preferring on touching up altcoins or even with those memes or degens. They will really be going into those more riskier options because they are really that preferring with those bigger cains on which this is actually true but if you cant be able to bare up with the risks then its better not to make yourself touch up these things.
It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.
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In other for a trader not to get this confusion, I think it's better to use "setting realistic targets" as a better reference, which means that, when a trader sets a target, and his or her trade hits his target, its better to take the profit, close the trade and move on to the next trade.
And don't forget to be grateful for what you get... never regret when you have sold assets at the target price, but it turns out that the bullish market is still going higher, never regret selling at your target... sometimes other people's standards of happiness are also influenced by social media which is quite annoying when we feel that our decision is wrong because we sold too early... the point is, don't be tempted to enter those emotions...
After getting a profit, you can take the next step, such as investing again or maybe doing other planning.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
I think being greedy and taking risk is kinda same but different in trading. Most profitable trader would tell you that "risk rich" this is something that has made most of then become big and have more experience with the market. Even if they take risk, they are still able to manage their risk and sustain their self long enough in the market.. regards to greedy, don't let a winning trade turn to a losing streak. Always take your profits and exit the market once you hit your expectations.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
I think being greedy and taking risk is kinda same but different in trading. Most profitable trader would tell you that "risk rich" this is something that has made most of then become big and have more experience with the market. Even if they take risk, they are still able to manage their risk and sustain their self long enough in the market.. regards to greedy, don't let a winning trade turn to a losing streak. Always take your profits and exit the market once you hit your expectations.
I think being greedy and risk are not the same but may be similar, this is because, greed is associated with strong emotions that result with people taking irrational financial decisions. it could be a high risk, but depends on individuals emotional levels.
Risk as regards to business, means an uncertainty that one will loss in trade, investments. Risk can also be a prediction based on probability of certain past experiences outcomes.
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You are right, bitcoin and ethereum are the most popular choices when I first started investing in crypto, but now we also see many choices that can make us profitable. Top 10 coins are the best choices that can be bought for investing in crypto.
so there are many coins that have the potential to be our choice in investing.
I'm not sure what went wrong but XRP used to be clear and better than ethereum by choice, it's just like the way Solana once had everyone in there bags and then when it crashed, everyone went their side ways before it came back. XRP was the spotlight as the second coin with largest valuation of altcoin until ethereum Defi took away the spot again.
Now we have thousands of coins and there even more that are been launch all the time and the fact remain, the more coins are launch, the volatile they are. It's better to trade old coins than to push hard on new coins.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
Being greedy will take us no where, it will only cause us more losses and we may not like the way things will be landing on us whenever we are making trades except we take time to discover that there is a need to change something about how greedy we are, in trading, we must have some of these personal etiquettes as qualities coupled together with our trading experience.
1. patience
2. satisfaction
3. resilience
4 competence
5. risk taking
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To be a successful trader, it's important to learn how to manage greed. This is the most important lesson to learn because once you control your greed and focus on taking small profits from trading, you can achieve greater profits over time. Simply calculating your weekly profits, you'll see the benefits of this approach of taking small profits.
Many people don't realize that consistently keeping small profits is more advantageous than chasing large profits, which will make them lose everything later due to greed.
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To be a successful trader, it's important to learn how to manage greed. This is the most important lesson to learn because once you control your greed and focus on taking small profits from trading, you can achieve greater profits over time. Simply calculating your weekly profits, you'll see the benefits of this approach of taking small profits.
Many people don't realize that consistently keeping small profits is more advantageous than chasing large profits, which will make them lose everything later due to greed.
Greed and emotion are the most damaging aspects of trading. If you are greedy in trading and think of it as a get-rich-quick means, you are bound to suffer. Because the market is always volatile that's why you must analyze the market and exit the market with the right amount of profit at the right time. Only then you can be a successful trader and profit from trading. But if greed works in you, you will never be able to control yourself, due to which you will keep making different mistakes from time to time. Which will make you face a lot of losses
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You're right. Many people may begin their investment with shitcoins. I also did the same way as you. At the first time, I invest in shitcoins that I got from bounties. But there should be some investors who start their investment with Bitcoin or Ethereum. The investors who have mentors, they probably buy Bitcoin or Ethereum for their first investment. The mentors must guide them to buy the most secure coins, Bitcoin and Ethereum are the most recommended coins for newbies.
I guess you are not the same person who did this before. Because I have also seen lots of people that they do the bounty campaigns and when they see that a reputable manager managing the campaign they also in this on that coin or project.
I have multiple online friends who have faced these kind of situation that they invested on the coin from the bounty and at last even then the campaign was from a reputable manager they scammed. I guess some peoples are still remember the Fobee coin.
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Greed and emotion are the most damaging aspects of trading. If you are greedy in trading and think of it as a get-rich-quick means, you are bound to suffer. Because the market is always volatile that's why you must analyze the market and exit the market with the right amount of profit at the right time. Only then you can be a successful trader and profit from trading. But if greed works in you, you will never be able to control yourself, due to which you will keep making different mistakes from time to time. Which will make you face a lot of losses
According to the experience of trading and the analysis of corresponding cases, the only crucial factor that might help turn a trader into successful is to find an optimal level of compulsive analysis combined with the ability to manage the emotions that cannot be described as excessive in fact. If we decide to wait before making a decision or choosing something, we can actually avoid many reckless mistakes. Therefore, setting the rational objectives or staggering limits will help to avoid a risk becoming uncontrollable. The opportunity in the market cannot be doubted, but the key success factor is calmness and consistency during the planned activities’ implementation. The implication is that is one continues to use skills to build upon experience, sustainable profits are indeed within anyone’s reach.
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It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.
If we consider the volatility, all crypto coins have big volatility, including Bitcoin. But Bitcoin price move is clearer than altcoins. Only stable coins that have stable prices in crypto. Unfortunately, they are not the right coins for investment. :D
I think there is nothing wrong with the volatility, this even becomes the advantage in crypto. If Bitcoin and those top altcoins have no volatility, I am sure there are no investors want to invest in them. So, we don't be afraid with volatility. We only need to have the right strategy to deal with the volatility.
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It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.
If we consider the volatility, all crypto coins have big volatility, including Bitcoin. But Bitcoin price move is clearer than altcoins. Only stable coins that have stable prices in crypto. Unfortunately, they are not the right coins for investment. :D
I think there is nothing wrong with the volatility, this even becomes the advantage in crypto. If Bitcoin and those top altcoins have no volatility, I am sure there are no investors want to invest in them. So, we don't be afraid with volatility. We only need to have the right strategy to deal with the volatility.
Simply we can invest in bitcoin where the movement of altcoin is also influenced by the movement of bitcoin. When bitcoin increases then altcoin will be the same, and if it decreases altcoin usually decreases deeper than bitcoin.
everything has a risk, we agree with that. But in all the risks that exist we can choose something that has a smaller risk in this case is bitcoin.
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It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.
If we consider the volatility, all crypto coins have big volatility, including Bitcoin. But Bitcoin price move is clearer than altcoins. Only stable coins that have stable prices in crypto. Unfortunately, they are not the right coins for investment. :D
I think there is nothing wrong with the volatility, this even becomes the advantage in crypto. If Bitcoin and those top altcoins have no volatility, I am sure there are no investors want to invest in them. So, we don't be afraid with volatility. We only need to have the right strategy to deal with the volatility.
Simply we can invest in bitcoin where the movement of altcoin is also influenced by the movement of bitcoin. When bitcoin increases then altcoin will be the same, and if it decreases altcoin usually decreases deeper than bitcoin.
everything has a risk, we agree with that. But in all the risks that exist we can choose something that has a smaller risk in this case is bitcoin.
- Everything you mentioned is actually correct, if the focus is on less risk, given that Bitcoin is also proven and tested. But the question is, is bitcoin the only one that can provide opportunities in the crypto industry we are in?
If we only rely on the profit we can get from bitcoin, do you think ordinary communities can achieve the dream profits they want from bitcoin? It would be okay if I was on the same level as elon musk and microstrategy who were capable of buying bitcoin more than 1. So for me, there are more opportunities in altcoins even if we say the level of risk is higher, in the end they still have the same risk.
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It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.
If we consider the volatility, all crypto coins have big volatility, including Bitcoin. But Bitcoin price move is clearer than altcoins. Only stable coins that have stable prices in crypto. Unfortunately, they are not the right coins for investment. :D
I think there is nothing wrong with the volatility, this even becomes the advantage in crypto. If Bitcoin and those top altcoins have no volatility, I am sure there are no investors want to invest in them. So, we don't be afraid with volatility. We only need to have the right strategy to deal with the volatility.
Simply we can invest in bitcoin where the movement of altcoin is also influenced by the movement of bitcoin. When bitcoin increases then altcoin will be the same, and if it decreases altcoin usually decreases deeper than bitcoin.
everything has a risk, we agree with that. But in all the risks that exist we can choose something that has a smaller risk in this case is bitcoin.
- Everything you mentioned is actually correct, if the focus is on less risk, given that Bitcoin is also proven and tested. But the question is, is bitcoin the only one that can provide opportunities in the crypto industry we are in?
If we only rely on the profit we can get from bitcoin, do you think ordinary communities can achieve the dream profits they want from bitcoin? It would be okay if I was on the same level as elon musk and microstrategy who were capable of buying bitcoin more than 1. So for me, there are more opportunities in altcoins even if we say the level of risk is higher, in the end they still have the same risk.
Bitcoin is not the only coin that can provide opportunities to gain profit but there are still other top coins that can provide profit, but if we talk about the risk of bitcoin, the risk is lower when compared to other coins because it has been proven that bitcoin as the king of crypto currency, its movement is always followed by altcoin. That is a fact that we see in the crypto market. And bitcoin is getting more expensive every day, we will get profit if we enter at the right time and of course sell it at the right time.
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Bitcoin is not the only coin that can provide opportunities to gain profit but there are still other top coins that can provide profit, but if we talk about the risk of bitcoin, the risk is lower when compared to other coins because it has been proven that bitcoin as the king of crypto currency, its movement is always followed by altcoin. That is a fact that we see in the crypto market. And bitcoin is getting more expensive every day, we will get profit if we enter at the right time and of course sell it at the right time.
Exactly, there are many things that currently in the crypto world that we are able to lay our hands on to gain profits. Popular altcoins which show promising future are also to be considered, but the risk level will be higher most probably. We must still learn to read the market and make pro, proper decisions in purchases as well as sales. The most important thing is to courage for venturing new change and being wise not to take wrong change. However, the situation analysed here means that the chance of getting good results remains open if properly planned.
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Simply we can invest in bitcoin where the movement of altcoin is also influenced by the movement of bitcoin. When bitcoin increases then altcoin will be the same, and if it decreases altcoin usually decreases deeper than bitcoin.
everything has a risk, we agree with that. But in all the risks that exist we can choose something that has a smaller risk in this case is bitcoin.
- Everything you mentioned is actually correct, if the focus is on less risk, given that Bitcoin is also proven and tested. But the question is, is bitcoin the only one that can provide opportunities in the crypto industry we are in?
If we only rely on the profit we can get from bitcoin, do you think ordinary communities can achieve the dream profits they want from bitcoin? It would be okay if I was on the same level as elon musk and microstrategy who were capable of buying bitcoin more than 1. So for me, there are more opportunities in altcoins even if we say the level of risk is higher, in the end they still have the same risk.
I think we can't pit one against the other, as long as both can bring benefits. The context I conveyed above is when we can't take a bigger risk, then the choice is that.
But of course with the opportunities also offered by altcoin we must be able to maximize it very well, but with the risks that we must also be prepared for. Actually in this case we have the same goal, it's just that maybe the way of conveying it is different.
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It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.
If we consider the volatility, all crypto coins have big volatility, including Bitcoin. But Bitcoin price move is clearer than altcoins. Only stable coins that have stable prices in crypto. Unfortunately, they are not the right coins for investment. :D
I think there is nothing wrong with the volatility, this even becomes the advantage in crypto. If Bitcoin and those top altcoins have no volatility, I am sure there are no investors want to invest in them. So, we don't be afraid with volatility. We only need to have the right strategy to deal with the volatility.
Simply we can invest in bitcoin where the movement of altcoin is also influenced by the movement of bitcoin. When bitcoin increases then altcoin will be the same, and if it decreases altcoin usually decreases deeper than bitcoin.
everything has a risk, we agree with that. But in all the risks that exist we can choose something that has a smaller risk in this case is bitcoin.
Bitcoin have less risk than altcoin and very profitable for investing but price have increasing drastically looks many people or trader worry will possibility earn much profit by trading in bitcoin. For altcoin increasing price depend on bitcoin, many time nowadays altcoin have huge decreasing when bitcoin get small correction only, I think for investing in bitcoin need purchase much capital but in altcoin looks profitable although have small capital for trading.
If want high return but high risk altcoin is the best way for trading but if want take less risk and small return bitcoin become most profitable for investing.
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Never be greedy in cryptocurrency trading if you want earn much profitable,
I think its important thing for all trader after success buying bitcoin or altcoin must set up how much percent profitable earn, but many people blame after reach profitable and their coins success break out but forget for taking profit. Be greedy want to earn much profitable again its the other side why many people have floating with their cryptocurrency investment, firstly set up how much profitable earn and take profit after price increasing based on our profit goals, next buy back when price going down and possibility earn much profitable again.
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Never be greedy in cryptocurrency trading if you want earn much profitable,
I think its important thing for all trader after success buying bitcoin or altcoin must set up how much percent profitable earn, but many people blame after reach profitable and their coins success break out but forget for taking profit. Be greedy want to earn much profitable again its the other side why many people have floating with their cryptocurrency investment, firstly set up how much profitable earn and take profit after price increasing based on our profit goals, next buy back when price going down and possibility earn much profitable again.
As you said, greed always makes us lose the opportunity to gain profit because the crypto market is very volatile. We must have a plan in the beginning and execute to sell when the target has been reached. But sometimes greed makes us change the initial target plan because we want a higher profit. And finally when the price suddenly drops, we lose the opportunity to gain profit, that's what I always experience at the beginning of learning trading.
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Never be greedy in cryptocurrency trading if you want earn much profitable,
I think its important thing for all trader after success buying bitcoin or altcoin must set up how much percent profitable earn, but many people blame after reach profitable and their coins success break out but forget for taking profit. Be greedy want to earn much profitable again its the other side why many people have floating with their cryptocurrency investment, firstly set up how much profitable earn and take profit after price increasing based on our profit goals, next buy back when price going down and possibility earn much profitable again.
As you said, greed always makes us lose the opportunity to gain profit because the crypto market is very volatile. We must have a plan in the beginning and execute to sell when the target has been reached. But sometimes greed makes us change the initial target plan because we want a higher profit. And finally when the price suddenly drops, we lose the opportunity to gain profit, that's what I always experience at the beginning of learning trading.
This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.
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This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.
Seeing this thread just made me remember how people were greedy and lost their Xion rewards because they were greedy. The team awarded airdrop rewards to some eligible participants despite when many couldn't get the tokens, there was a gambling that you can withdraw your tokens or double it/ win nothing and I was shock some people did it and lose everything.
How can you lose all your token reward worth $6k because of greed, I don't see that as even gambling, that's the highest greed I have ever seen in my life in a long time in this crypto space.
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This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.
Seeing this thread just made me remember how people were greedy and lost their Xion rewards because they were greedy. The team awarded airdrop rewards to some eligible participants despite when many couldn't get the tokens, there was a gambling that you can withdraw your tokens or double it/ win nothing and I was shock some people did it and lose everything.
How can you lose all your token reward worth $6k because of greed, I don't see that as even gambling, that's the highest greed I have ever seen in my life in a long time in this crypto space.
How exactly do the Xion rewards work? I just searching about Xion I can't seem to understand how people end up becoming greedy about the Xion rewards.
Do you mean that they abuse the free 500 token? It seems you need to burn in order to receive this airdrop, which is pretty easy.
There is no difference between abusing and gambling; if you are greedy, you will never be able to win any bets; however, as he stated, this type of habit can be changed because people learned. We should always be satisfied with the result, whether we lose or profit.
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Never be greedy in cryptocurrency trading if you want earn much profitable,
I think its important thing for all trader after success buying bitcoin or altcoin must set up how much percent profitable earn, but many people blame after reach profitable and their coins success break out but forget for taking profit. Be greedy want to earn much profitable again its the other side why many people have floating with their cryptocurrency investment, firstly set up how much profitable earn and take profit after price increasing based on our profit goals, next buy back when price going down and possibility earn much profitable again.
As you said, greed always makes us lose the opportunity to gain profit because the crypto market is very volatile. We must have a plan in the beginning and execute to sell when the target has been reached. But sometimes greed makes us change the initial target plan because we want a higher profit. And finally when the price suddenly drops, we lose the opportunity to gain profit, that's what I always experience at the beginning of learning trading.
This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.
Yes, we must avoid bad habits based on greed because we will lose the opportunity to make a profit, I have also experienced it, maybe because my analysis and intuition were not good at that time and finally I missed the opportunity to sell my coins when they went up because I hoped for a higher profit.
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Never be greedy in cryptocurrency trading if you want earn much profitable,
I think its important thing for all trader after success buying bitcoin or altcoin must set up how much percent profitable earn, but many people blame after reach profitable and their coins success break out but forget for taking profit. Be greedy want to earn much profitable again its the other side why many people have floating with their cryptocurrency investment, firstly set up how much profitable earn and take profit after price increasing based on our profit goals, next buy back when price going down and possibility earn much profitable again.
As you said, greed always makes us lose the opportunity to gain profit because the crypto market is very volatile. We must have a plan in the beginning and execute to sell when the target has been reached. But sometimes greed makes us change the initial target plan because we want a higher profit. And finally when the price suddenly drops, we lose the opportunity to gain profit, that's what I always experience at the beginning of learning trading.
This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.
That's why one has to invest following DCA method without being overly greedy. Instead of investing a large amount at once, small amounts should be invested over a period of time. In this case, if the price of a coin falls, the average entry price will be much lower, due to which the possibility of major losses is less. But those who are greedy and invest a large amount together to make a large profit quickly are the ones who lose a lot. If you want to do trading, you have to be patient and analyze the market well and then do it. But not everyone has this patience and that's why trading is not for everyone. Those who can trade patiently without greed are successful
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This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.
Seeing this thread just made me remember how people were greedy and lost their Xion rewards because they were greedy. The team awarded airdrop rewards to some eligible participants despite when many couldn't get the tokens, there was a gambling that you can withdraw your tokens or double it/ win nothing and I was shock some people did it and lose everything.
How can you lose all your token reward worth $6k because of greed, I don't see that as even gambling, that's the highest greed I have ever seen in my life in a long time in this crypto space.
How exactly do the Xion rewards work? I just searching about Xion I can't seem to understand how people end up becoming greedy about the Xion rewards.
Do you mean that they abuse the free 500 token? It seems you need to burn in order to receive this airdrop, which is pretty easy.
(https://i.ibb.co/jHfcwpt/IMG-1168.jpg)
Hers is the team announcement
https://x.com/burnt_xion/status/1866868613413785888?s=46&t=qJXYidUv-9dGH9cW3Joe_A
It was a game launch by Xion team for people to double their rewards or win nothing. Instead of the airdrop participants to withdraw their coins to exchange, they did it and win nothing, lost everything. I mean why will you gamble in a game that you know nothing about the outcome, the team announced half participants lose and half won according to them.
I was looking for one guy tweets that was crying for his loss on X but I couldn't get the link.
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Simply we can invest in bitcoin where the movement of altcoin is also influenced by the movement of bitcoin. When bitcoin increases then altcoin will be the same, and if it decreases altcoin usually decreases deeper than bitcoin.
everything has a risk, we agree with that. But in all the risks that exist we can choose something that has a smaller risk in this case is bitcoin.
Bitcoin have less risk than altcoin and very profitable for investing but price have increasing drastically looks many people or trader worry will possibility earn much profit by trading in bitcoin. For altcoin increasing price depend on bitcoin, many time nowadays altcoin have huge decreasing when bitcoin get small correction only, I think for investing in bitcoin need purchase much capital but in altcoin looks profitable although have small capital for trading.
If want high return but high risk altcoin is the best way for trading but if want take less risk and small return bitcoin become most profitable for investing.
It will come back to each of us, and I myself prefer to take advantage of the opportunities that exist in both, both bitcoin and altcoin, only in terms of management we must also have good management to manage both.
Everything can be done as long as we want to, because with that will it will certainly encourage us to continue learning, because the key here is learning to be able to gain comprehensive knowledge.
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As you said, greed always makes us lose the opportunity to gain profit because the crypto market is very volatile. We must have a plan in the beginning and execute to sell when the target has been reached. But sometimes greed makes us change the initial target plan because we want a higher profit. And finally when the price suddenly drops, we lose the opportunity to gain profit, that's what I always experience at the beginning of learning trading.
Greediness does not only prevent someone from making profit, but it also causes them a lot of losses.
Greed can be a major obstacle to profitable trading. Attempting to exponentially increase profits, such as doubling your capital, can lead to reckless decisions. A well-planned trading strategy prioritizes consistent, albeit smaller, profits. Greed, if left unchecked, can result in significant losses, potentially even depleting one's initial capital.
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Never be greedy in cryptocurrency trading if you want earn much profitable,
I think its important thing for all trader after success buying bitcoin or altcoin must set up how much percent profitable earn, but many people blame after reach profitable and their coins success break out but forget for taking profit. Be greedy want to earn much profitable again its the other side why many people have floating with their cryptocurrency investment, firstly set up how much profitable earn and take profit after price increasing based on our profit goals, next buy back when price going down and possibility earn much profitable again.
As you said, greed always makes us lose the opportunity to gain profit because the crypto market is very volatile. We must have a plan in the beginning and execute to sell when the target has been reached. But sometimes greed makes us change the initial target plan because we want a higher profit. And finally when the price suddenly drops, we lose the opportunity to gain profit, that's what I always experience at the beginning of learning trading.
This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.
That's why one has to invest following DCA method without being overly greedy. Instead of investing a large amount at once, small amounts should be invested over a period of time. In this case, if the price of a coin falls, the average entry price will be much lower, due to which the possibility of major losses is less. But those who are greedy and invest a large amount together to make a large profit quickly are the ones who lose a lot. If you want to do trading, you have to be patient and analyze the market well and then do it. But not everyone has this patience and that's why trading is not for everyone. Those who can trade patiently without greed are successful
I agree with you, in trading we need patience and not to be greedy because if we are greedy we will deviate from the initial plan and could lose the opportunity to make a profit, unless we have good knowledge and experience in reading market movements we can change strategies when the market trend is up.
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I agree with you, in trading we need patience and not to be greedy because if we are greedy we will deviate from the initial plan and could lose the opportunity to make a profit, unless we have good knowledge and experience in reading market movements we can change strategies when the market trend is up.
Both in trading and investment, we need to have patience. If we have no patience, we will be difficult to control our emotion. When we can't control emotion, we may be greedy. This won't be good for our trading, sure we may miss the chance of getting profits and end up with losses. To avoid this, it is true that we must have knowledge, experience, and strong mentality. If we have these, our strategy in trading can work well.
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I agree with you, in trading we need patience and not to be greedy because if we are greedy we will deviate from the initial plan and could lose the opportunity to make a profit, unless we have good knowledge and experience in reading market movements we can change strategies when the market trend is up.
Facing everything that is full of opportunities, it is more appropriate for us to gain our composure and open our minds. All actions have their usefulness if only they are conscious of the objectives we wish to accomplish. When something turns out better than we anticipated it doesn’t mean that out of nowhere we need to start moving in a different direction but sometimes became change tempo but still move in the planned direction. This can be attributed to the commitment of investing in education and affirmation of the reality of openness to all kind of inputs to help face each of the challenges identified in this paper with more confidence. We only need to bear in mind that any mature decision will always yield better outcome type in the future.
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I agree with you, in trading we need patience and not to be greedy because if we are greedy we will deviate from the initial plan and could lose the opportunity to make a profit, unless we have good knowledge and experience in reading market movements we can change strategies when the market trend is up.
well sometimes an expert can grow greedy and end up losing money at the end even if they know what they’re doing simply because the market is too unpredictable and mistakes can still happen no matter how careful you are
sometimes taking risks can pay off but don’t overdo it because at some point it will get to you and you will definitely lose money
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
When investors win, most of them get carried away. I have also faced similar situation before. I won big then I got carried away and lost all eventually.
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I agree with you, in trading we need patience and not to be greedy because if we are greedy we will deviate from the initial plan and could lose the opportunity to make a profit, unless we have good knowledge and experience in reading market movements we can change strategies when the market trend is up.
well sometimes an expert can grow greedy and end up losing money at the end even if they know what they’re doing simply because the market is too unpredictable and mistakes can still happen no matter how careful you are
sometimes taking risks can pay off but don’t overdo it because at some point it will get to you and you will definitely lose money
We sometimes take risks, but we have to do analysis first. because taking risks without analysis is a silly thing.
That is the function of risk management in investing in crypto.
An expert has indeed experienced losses, but they can quickly get higher profits than their losses.
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This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.
Seeing this thread just made me remember how people were greedy and lost their Xion rewards because they were greedy. The team awarded airdrop rewards to some eligible participants despite when many couldn't get the tokens, there was a gambling that you can withdraw your tokens or double it/ win nothing and I was shock some people did it and lose everything.
How can you lose all your token reward worth $6k because of greed, I don't see that as even gambling, that's the highest greed I have ever seen in my life in a long time in this crypto space.
An event like this will be a very valuable experience for us, and surely after this event we promise not to repeat it again. Losing the opportunity to get $ 6k is certainly not a little, and surely we have imagined if only we had gotten that money. Greed in any case, it will have a bad effect.
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We sometimes take risks, but we have to do analysis first. because taking risks without analysis is a silly thing.
That is the function of risk management in investing in crypto.
An expert has indeed experienced losses, but they can quickly get higher profits than their losses.
An expert trader have much experienced and manage well of risk management, not care have to cut loss awhile for getting recovery and earn much profitable later than become long term holder waiting price recovery back.
I think important how to manage of risk in trading and only most experienced trader get braveness for taking loss to get buy more lower price.
Always analyze possibility happening later in cryptocurrency trader and must take risk when market have bad condition or not our predictable before.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
One must dedicate his/her time to be good when it comes to trading. At the point of this dedication, learning process is what happens, probably trading with demo account doesn't make you a professional traders until real assets are placed.
Greed is an effect of seeing means of carrying big bag filled with money, unaware of the deep pit up ahead. This can only be dealt with on a real life situation, cause everyone who is caught up in such situations wants to try it, thinking one can outsmart the market, not knowing it is greed that is playing it's way. Being greedy in the market is something every trader experience, just a few that can overcome the situation.
Experience in trading is what kills greed when in the market, it also create disciplinary quality to all professional traders, who is satisfied at his/her take profit position at all time, meaning him/her has learnt the principles of securing profits.
Trading deals with discipline, lack of discipline will lead to regrets. Trading is taking risk, it is important to take risk, a well analyzed and calculated risk is worth the taking, not the risk done out of excitement and desire for immediate acquisition of profits, which could be disastrous.
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The more you're greedy the more losses you get, we have to be more active in knowing what to do and when to do it, trading is not a child's play whereby we are just going to be doing it like that the way we want, we may not be too informed about some things, there are more to learn with time the more we are doing it, but we must not be able to afford trading at a risk we cant accept.
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The more you're greedy the more losses you get, we have to be more active in knowing what to do and when to do it, trading is not a child's play whereby we are just going to be doing it like that the way we want, we may not be too informed about some things, there are more to learn with time the more we are doing it, but we must not be able to afford trading at a risk we cant accept.
Greed will make us lose the opportunity to gain profit. Trading is a business in managing our finances by trading on the stock exchange. So in trading there are many things that we should learn such as analysis, strategizing and always focusing on the plan that we have determined, stay away from greed when the target has been reached, it is better to sell our coins.
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Greed will make us lose the opportunity to gain profit. Trading is a business in managing our finances by trading on the stock exchange. So in trading there are many things that we should learn such as analysis, strategizing and always focusing on the plan that we have determined, stay away from greed when the target has been reached, it is better to sell our coins.
failing to have a concrete plan will lead you to not being able to control your greed some people just go and trade or invest without any plans yet and they will only make a decision once they are met with an ideal situation that is why when a good place to take profit comes they are still unable to take advantage because they do not have a specific goal anyway so they are left hanging around waiting until they feel like it is a good enough price but then it crashes and they are left with nothing this is why setting plans and goals is important before diving in to anything concerning trading
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
When investors win, most of them get carried away. I have also faced similar situation before. I won big then I got carried away and lost all eventually.
Every trader must have experienced that time, and it will be an experience for each of us. If you have experienced it but still repeat it, then it is a big mistake. Greed in trading really eliminates our chances of making a profit.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
When investors win, most of them get carried away. I have also faced similar situation before. I won big then I got carried away and lost all eventually.
Every trader must have experienced that time, and it will be an experience for each of us. If you have experienced it but still repeat it, then it is a big mistake. Greed in trading really eliminates our chances of making a profit.
Greed will eliminate our chances of making a profit, I agree with you I have also experienced it by holding my coins even though they have reached the target and I was greedy wanting a higher profit but ended up experiencing a loss because it turned out that the market suddenly experienced a correction and the price fell.
And we should not repeat the same mistake and be more careful in making decisions and not be greedy.
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In trading, your psychology is one important aspects which you need to master, else trading is going to mess with you. Some unsuccessful traders are facing several losses in trading because they don't know how to manage their psychology. It's either they are over trading, they are not disciplined, they are greedy and all that leads to bad trades.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
When investors win, most of them get carried away. I have also faced similar situation before. I won big then I got carried away and lost all eventually.
Every trader must have experienced that time, and it will be an experience for each of us. If you have experienced it but still repeat it, then it is a big mistake. Greed in trading really eliminates our chances of making a profit.
Greed will eliminate our chances of making a profit, I agree with you I have also experienced it by holding my coins even though they have reached the target and I was greedy wanting a higher profit but ended up experiencing a loss because it turned out that the market suddenly experienced a correction and the price fell.
And we should not repeat the same mistake and be more careful in making decisions and not be greedy.
That's how it is when we trade crypto, the rapid price increase sometimes does not make us satisfied and then sells the coins.
But still hoping the price will continue to rise, but what happens? Our chance to make a profit is lost because the price is corrected.
This experience should be able to make us more mature, and eliminate greed in this crypto trading.
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In trading, your psychology is one important aspects which you need to master, else trading is going to mess with you. Some unsuccessful traders are facing several losses in trading because they don't know how to manage their psychology. It's either they are over trading, they are not disciplined, they are greedy and all that leads to bad trades.
Traders needs to understand their body system before trading, and what I mean is that should find out the types of trading they are involving themselves before sinking down to trade because there are people who don't what kind of trade they should do, for instance, be it future trading, spot trading others. Many people jump into crypto trading with the mindset to make profits but doesn't study about the coin they are jumping into because, some of them could go venture into shitcoin or meme coin to trade but at last entirely dump on them.
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In trading, your psychology is one important aspects which you need to master, else trading is going to mess with you. Some unsuccessful traders are facing several losses in trading because they don't know how to manage their psychology. It's either they are over trading, they are not disciplined, they are greedy and all that leads to bad trades.
Traders needs to understand their body system before trading, and what I mean is that should find out the types of trading they are involving themselves before sinking down to trade because there are people who don't what kind of trade they should do, for instance, be it future trading, spot trading others. Many people jump into crypto trading with the mindset to make profits but doesn't study about the coin they are jumping into because, some of them could go venture into shitcoin or meme coin to trade but at last entirely dump on them.
Shit coin and mem coin are very risky, it should be avoided because if you do not have the knowledge and experience in choosing the right coin you will suffer losses.
We must choose a coin that is truly potential and has a good reputation and we see in CMC the top coins as an option to buy.
So many coins, but we should do an analysis of the coins we buy.
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In trading, your psychology is one important aspects which you need to master, else trading is going to mess with you. Some unsuccessful traders are facing several losses in trading because they don't know how to manage their psychology. It's either they are over trading, they are not disciplined, they are greedy and all that leads to bad trades.
Traders needs to understand their body system before trading, and what I mean is that should find out the types of trading they are involving themselves before sinking down to trade because there are people who don't what kind of trade they should do, for instance, be it future trading, spot trading others. Many people jump into crypto trading with the mindset to make profits but doesn't study about the coin they are jumping into because, some of them could go venture into shitcoin or meme coin to trade but at last entirely dump on them.
Shit coin and mem coin are very risky, it should be avoided because if you do not have the knowledge and experience in choosing the right coin you will suffer losses.
We must choose a coin that is truly potential and has a good reputation and we see in CMC the top coins as an option to buy.
So many coins, but we should do an analysis of the coins we buy.
Of course it's very important to do analysis of the coin we are to buy before sinking our money into an empty basket were our money will easily leak out. Investment on altcoin or shitcoin should be carefully observe because whatever investment that is made by mistake can not be recovered again we when the shitcoin is already dumped.
Choosing top coins from CMC would also helps alot at least it would be more trusted that other shitcoins.
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In trading, your psychology is one important aspects which you need to master, else trading is going to mess with you. Some unsuccessful traders are facing several losses in trading because they don't know how to manage their psychology. It's either they are over trading, they are not disciplined, they are greedy and all that leads to bad trades.
Psychological and emotional aspect on which this will really be that you will be needing up to hoisting up so that you will really be able to sustain out this very unpredictable market. The main issue on here is that on the time or moment that you do deal up with this space is that you should really be that knowing on what you are dealing on and adjust accordingly. As for being greedy then it is really that part of us human beings on which you will really be needing up to control it out specially if you are on a profitable situation because the main thing that comes up into our mind is that on the time that you do make money then you do want even more.
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Yes, we must avoid bad habits based on greed because we will lose the opportunity to make a profit, I have also experienced it, maybe because my analysis and intuition were not good at that time and finally I missed the opportunity to sell my coins when they went up because I hoped for a higher profit.
This is not something we should always blame ourselves for, I am sure that when we experience these types of experiences we are left with a great learning experience, something like why we should not do it again, and see that it can be corrected, we greed is one of the things that will always make us lose, we have to know to what point we have to withdraw, trading is like that, sometimes we feel that we are very good with the market, that we understand it perfectly and Suddenly something happens that we do not like and then we lose a lot, sometimes we get desperate and we continue there, those mistakes are what lead us to failure and it all starts with greed.
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Yes, we must avoid bad habits based on greed because we will lose the opportunity to make a profit, I have also experienced it, maybe because my analysis and intuition were not good at that time and finally I missed the opportunity to sell my coins when they went up because I hoped for a higher profit.
This is not something we should always blame ourselves for, I am sure that when we experience these types of experiences we are left with a great learning experience, something like why we should not do it again, and see that it can be corrected, we greed is one of the things that will always make us lose, we have to know to what point we have to withdraw, trading is like that, sometimes we feel that we are very good with the market, that we understand it perfectly and Suddenly something happens that we do not like and then we lose a lot, sometimes we get desperate and we continue there, those mistakes are what lead us to failure and it all starts with greed.
I have experienced the same thing when trading in the past. I felt greedy and wanted to get bigger profits even though at that time the market trend was positive in an upward position, I deliberately held my coins and wanted big profits but it turned out that the market was sideways.
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Yes, we must avoid bad habits based on greed because we will lose the opportunity to make a profit, I have also experienced it, maybe because my analysis and intuition were not good at that time and finally I missed the opportunity to sell my coins when they went up because I hoped for a higher profit.
This is not something we should always blame ourselves for, I am sure that when we experience these types of experiences we are left with a great learning experience, something like why we should not do it again, and see that it can be corrected, we greed is one of the things that will always make us lose, we have to know to what point we have to withdraw, trading is like that, sometimes we feel that we are very good with the market, that we understand it perfectly and Suddenly something happens that we do not like and then we lose a lot, sometimes we get desperate and we continue there, those mistakes are what lead us to failure and it all starts with greed.
I have experienced the same thing when trading in the past. I felt greedy and wanted to get bigger profits even though at that time the market trend was positive in an upward position, I deliberately held my coins and wanted big profits but it turned out that the market was sideways.
It also emerged that expectations management is an important dimension that is involved in the learning process of trading. When the market is going in the opposite direction of what we expected, one has a useful reminder to be grateful for the existing opportunities that are out there. Every time a manager decides to sell or to retain a particular asset, he or she should not do so out of passion, but out of a plan. It is suggested that every opportunity encountered including the missed profits and inevitable losses ever encountered hold lessons to the next step. Trading is not is not about striving for perfection, but it is about being consistent and being able to continue to learn from every single tick in the market. In that way, we must immediately improve and be wise next time when encountering the next situation.
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I have experienced the same thing when trading in the past. I felt greedy and wanted to get bigger profits even though at that time the market trend was positive in an upward position, I deliberately held my coins and wanted big profits but it turned out that the market was sideways.
That usually happens, normally we as operators have to take full advantage of all the movement, for some traders who operate with alts they say that the best is when btc is sideways, because those who are holders or whales of alts enter sideways and make the market fluctuate, maybe now with btc that is in a direction I would say bullish, it is likely that many alts have it in hodl mode waiting for good returns and that is why sometimes they do not fluctuate as much, however it is worth observing them.
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That's how it is when we trade crypto, the rapid price increase sometimes does not make us satisfied and then sells the coins.
But still hoping the price will continue to rise, but what happens? Our chance to make a profit is lost because the price is corrected.
This experience should be able to make us more mature, and eliminate greed in this crypto trading.
I use to tell people that profits is profit no matter the size of it. As long as you didn't make any loss in your trade, appreciate it and take the profit, don't feel ungrateful when you see the price going higher and higher, you would have been sad if the coin price go down and you couldn't get to take your profit, there is nothing bad in taking profit.
There is no way a trader will get the perfect time to take profit at all time high, only a person that is greedy will ever think of that and in that process, you might lose after everyone has taken their profits.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
Lol.We are humans aren't we? And humans are greedy,it is just simply our nature.The desirr to want more,our wants can never be satisfied as economics too have proven that too.
All traders hopefully expexcts to make profits,nobody wants losses.Most times,we earn profits and sometimes,even though some traders aren't sure or they are even aware that trading at that particular period might put them in a particular unwanted situation,they still do it,maybe cause of a pressing need,or they just need more;and personally,i wont blame traders on this aspect cause we are basically risk takers.We embrace risk even though it might be hurtful to us most times
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It also emerged that expectations management is an important dimension that is involved in the learning process of trading. When the market is going in the opposite direction of what we expected, one has a useful reminder to be grateful for the existing opportunities that are out there. Every time a manager decides to sell or to retain a particular asset, he or she should not do so out of passion, but out of a plan. It is suggested that every opportunity encountered including the missed profits and inevitable losses ever encountered hold lessons to the next step. Trading is not is not about striving for perfection, but it is about being consistent and being able to continue to learn from every single tick in the market. In that way, we must immediately improve and be wise next time when encountering the next situation.
That is very true, we always unintentionally look for perfection in trading and such a thing does not exist, and that is something that we must plan well, we cannot look for perfection where there is none and that plan of knowing and accepting things as they are seems great to me, everything is a learning process, only with the experience we acquire we must lower losses yes or yes because if we do not do it it is because we are not learning anything, and that includes fears, and many operations that we sometimes leave to chance, we have to be very decisive in our decisions and assume the risk and accept the results.
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Greed impact trading negatively. Traders who are greedy often sell their goods or services above market price. Greedy traders often loose their customers, because customers once in a while compare the price of the goods and services they consume. In some cases a conversation between family and friends can reveal that they pay more for a certain good or service, this can get customers upset.
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That's how it is when we trade crypto, the rapid price increase sometimes does not make us satisfied and then sells the coins.
But still hoping the price will continue to rise, but what happens? Our chance to make a profit is lost because the price is corrected.
This experience should be able to make us more mature, and eliminate greed in this crypto trading.
I use to tell people that profits is profit no matter the size of it. As long as you didn't make any loss in your trade, appreciate it and take the profit, don't feel ungrateful when you see the price going higher and higher, you would have been sad if the coin price go down and you couldn't get to take your profit, there is nothing bad in taking profit.
There is no way a trader will get the perfect time to take profit at all time high, only a person that is greedy will ever think of that and in that process, you might lose after everyone has taken their profits.
Yes, I think from your points, this trading idea to always take profits whenever there is price increase is called scalping, a method where a trader take advantage of a slight market price increase to sell or closed his/her positions. Scalping is a good idea especially when trading future options. It is a great trading options that helps to consistently take profit with very little price margin over times.
In addition, taking profit is necessary especially if a trader has little experience, or emotional when he sees a volatile market.
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Greed can be a trader's worst enemy, as it is a major obstacle to success. It can lead to impulsive decisions and reckless risk-taking. When greed takes over, traders make poor decisions, ignore risk management, and chase losses in pursuit of huge profits.
Remember, trading is a long-term game that requires patience, discipline, and a clear mindset. Avoid greed and trade with a clear mindset to achieve your goals, even if it means smaller profits.
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Greed can be a trader's worst enemy, as it is a major obstacle to success. It can lead to impulsive decisions and reckless risk-taking. When greed takes over, traders make poor decisions, ignore risk management, and chase losses in pursuit of huge profits.
Remember, trading is a long-term game that requires patience, discipline, and a clear mindset. Avoid greed and trade with a clear mindset to achieve your goals, even if it means smaller profits.
Greed is the biggest enemy of traders, so it takes knowledge and experience to be able to control greed.
in making investments and making decisions must be based on proper analysis by monitoring market movements, if we are greedy to get high results and get out of the plan that we have targeted, of course this is risky if the market suddenly corrects and we lose the opportunity to sell because of our greedy nature.
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Greediness can cost one to loose all his hard earnings. I cam relate through experience.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
greediness is not a key for a successful trader.
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Yes, it's hardest reality that trader or investor can not be the greedy but the markets always play with our mind set and give a multiple time opportunities which can give us small profits but humans are always waiting for 4x 8x 10x and missed the those small profits which can be the same in after some times if play with decipline.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
greediness is not a key for a successful trader.
- No one has ever been successful because of greed, we know that having this character in an individual has never brought anything good.
This is what often brings down failed traders.
So as long as we can, let's not let greed consume us in our thoughts or personalities. Greed is bad, it is never good, so what you said in your last sentence is correct op.
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- No one has ever been successful because of greed, we know that having this character in an individual has never brought anything good.
This is what often brings down failed traders.
So as long as we can, let's not let greed consume us in our thoughts or personalities. Greed is bad, it is never good, so what you said in your last sentence is correct op.
Even when someone is greedy it will destroy themselves, I see a lot in life, although it has nothing to do with trading, but it can be a picture of how greed can destroy our lives.
Especially in trading which is very much related to a very volatile market. So it is better to have a profit plan from the start and even minimizing losses by setting a stop loss target is also recommended.
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- No one has ever been successful because of greed, we know that having this character in an individual has never brought anything good.
This is what often brings down failed traders.
So as long as we can, let's not let greed consume us in our thoughts or personalities. Greed is bad, it is never good, so what you said in your last sentence is correct op.
Even when someone is greedy it will destroy themselves, I see a lot in life, although it has nothing to do with trading, but it can be a picture of how greed can destroy our lives.
Especially in trading which is very much related to a very volatile market. So it is better to have a profit plan from the start and even minimizing losses by setting a stop loss target is also recommended.
I have seen some trades where there was a provability of making high profit but later it turned out to be rather downward. Those who do not set stop loss in trading will rather lose. Sometimes, despite making a profit due to greed, there is a loss. Setting a stop loss is definitely important. It helps to keep a trader safe. Especially if someone is participate in future trade, it is pretty much mandatory to do that.
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Even when someone is greedy it will destroy themselves, I see a lot in life, although it has nothing to do with trading, but it can be a picture of how greed can destroy our lives.
Greed always ends up with bad thing. Every trader must be aware to avoid greedy because it will ruin everything. There is no chance to succeed if a trader becomes greedy. It only leads to a regret because of losing the opportunity of a success.
Especially in trading which is very much related to a very volatile market. So it is better to have a profit plan from the start and even minimizing losses by setting a stop loss target is also recommended.
Yes, trading crypto must deal with big volatility in the market. If we are greedy, we may lose the opportunity to gain big profits. I ever experienced this several times. I lost the chance to gain thousands dollars, I end up with no gain money at all because they coins have no value anymore.
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Greed impact trading negatively. Traders who are greedy often sell their goods or services above market price. Greedy traders often loose their customers, because customers once in a while compare the price of the goods and services they consume. In some cases a conversation between family and friends can reveal that they pay more for a certain good or service, this can get customers upset.
The more a greedy person gets, the more they want. Especially in the case of trading, if there is a profit, then the greed awakens in his mind so much that he wants more and more. Thus, despite having some benefit, he is deprived of all good things only because of his greed.
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Greed impact trading negatively. Traders who are greedy often sell their goods or services above market price. Greedy traders often loose their customers, because customers once in a while compare the price of the goods and services they consume. In some cases a conversation between family and friends can reveal that they pay more for a certain good or service, this can get customers upset.
The more a greedy person gets, the more they want. Especially in the case of trading, if there is a profit, then the greed awakens in his mind so much that he wants more and more. Thus, despite having some benefit, he is deprived of all good things only because of his greed.
That's why we need to trade responsibly and have goals in our minds once we enter the market.
Otherwise, there would be no gain in the end, only loss.
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The more a greedy person gets, the more they want. Especially in the case of trading, if there is a profit, then the greed awakens in his mind so much that he wants more and more. Thus, despite having some benefit, he is deprived of all good things only because of his greed.
That can even be described not as greed, but a person can never get enough or it is hard to be satisfied when you have tasted victory previously. That can be spotter easily in gambling and trading. When a person had won a lot, he will never be ok with winning less than that. Same related to trading and investing. If a person has earned easily and large money, made x5, then he would never be satisfied with <x2 profit. People get used to nice quick, used to good life, and they find it hard to agree for less later.
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The more a greedy person gets, the more they want. Especially in the case of trading, if there is a profit, then the greed awakens in his mind so much that he wants more and more. Thus, despite having some benefit, he is deprived of all good things only because of his greed.
The trader will always be unhappy, regardless of the amount of profit made, which is why greed is bad for a trader. Because of this discontent, he trades with his profit in an attempt to increase it, but ultimately loses everything due to the market's volatility. Making a lot of money should not be the trader's concern in order to curb this greed.
When a trader is not concerned with making a lot of profit, he will value his profit regardless of how little it may be. In actuality, traders who are happy with their profits are the ones who benefit the most from the market because they are less hungry for more and will use their money more wisely. Only greed causes something meaningful to become meaningless.
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That's how it is when we trade crypto, the rapid price increase sometimes does not make us satisfied and then sells the coins.
But still hoping the price will continue to rise, but what happens? Our chance to make a profit is lost because the price is corrected.
This experience should be able to make us more mature, and eliminate greed in this crypto trading.
I use to tell people that profits is profit no matter the size of it. As long as you didn't make any loss in your trade, appreciate it and take the profit, don't feel ungrateful when you see the price going higher and higher, you would have been sad if the coin price go down and you couldn't get to take your profit, there is nothing bad in taking profit.
There is no way a trader will get the perfect time to take profit at all time high, only a person that is greedy will ever think of that and in that process, you might lose after everyone has taken their profits.
Yes, I think from your points, this trading idea to always take profits whenever there is price increase is called scalping, a method where a trader take advantage of a slight market price increase to sell or closed his/her positions. Scalping is a good idea especially when trading future options. It is a great trading options that helps to consistently take profit with very little price margin over times.
In addition, taking profit is necessary especially if a trader has little experience, or emotional when he sees a volatile market.
- That's why it's so important in trading to know how to control ourselves so that we can prevent greed from entering our minds in reality. Without discipline and self-control, it's very easy for greed to enter our minds for sure in the end.
This greed is actually the main tool that is our enemy because it is often the weakness of our traders if you are here in the crypto trading industry that we belong to.
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Even when someone is greedy it will destroy themselves, I see a lot in life, although it has nothing to do with trading, but it can be a picture of how greed can destroy our lives.
Especially in trading which is very much related to a very volatile market. So it is better to have a profit plan from the start and even minimizing losses by setting a stop loss target is also recommended.
I have seen some trades where there was a provability of making high profit but later it turned out to be rather downward. Those who do not set stop loss in trading will rather lose. Sometimes, despite making a profit due to greed, there is a loss. Setting a stop loss is definitely important. It helps to keep a trader safe. Especially if someone is participate in future trade, it is pretty much mandatory to do that.
Maybe they regret when they apply stop loss then the price reverses when it touches it, then when they do not apply stop loss the loss will be even greater.
This requires in-depth analysis, where we apply the stop loss number and so on. And once again this is not something easy because it requires good observation and experience. However, if it is accompanied by greed, it will be even more dangerous.
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Even when someone is greedy it will destroy themselves, I see a lot in life, although it has nothing to do with trading, but it can be a picture of how greed can destroy our lives.
Especially in trading which is very much related to a very volatile market. So it is better to have a profit plan from the start and even minimizing losses by setting a stop loss target is also recommended.
I have seen some trades where there was a provability of making high profit but later it turned out to be rather downward. Those who do not set stop loss in trading will rather lose. Sometimes, despite making a profit due to greed, there is a loss. Setting a stop loss is definitely important. It helps to keep a trader safe. Especially if someone is participate in future trade, it is pretty much mandatory to do that.
Maybe they regret when they apply stop loss then the price reverses when it touches it, then when they do not apply stop loss the loss will be even greater.
This requires in-depth analysis, where we apply the stop loss number and so on. And once again this is not something easy because it requires good observation and experience. However, if it is accompanied by greed, it will be even more dangerous.
There's nothing wrong in putting a stop-loss in every single trade. For me, it's a must and we can't compare it to a trader who didn't put a stop-loss because they are not profitable. Why could I say that? It's because putting a stop-loss also needs analysis, just like putting a take profit target, we also have to put an ideal stop-loss. Now, where to get the ideal stop-loss? You must determine the invalidation of your entry, that if ever the price go to that area you consider it failed trade or a sign that the market will go to the opposite direction. So if you find out the invalidity area, below that is your stop-loss if you're longing; and above that if you're shorting.
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Even when someone is greedy it will destroy themselves, I see a lot in life, although it has nothing to do with trading, but it can be a picture of how greed can destroy our lives.
Especially in trading which is very much related to a very volatile market. So it is better to have a profit plan from the start and even minimizing losses by setting a stop loss target is also recommended.
I have seen some trades where there was a provability of making high profit but later it turned out to be rather downward. Those who do not set stop loss in trading will rather lose. Sometimes, despite making a profit due to greed, there is a loss. Setting a stop loss is definitely important. It helps to keep a trader safe. Especially if someone is participate in future trade, it is pretty much mandatory to do that.
Maybe they regret when they apply stop loss then the price reverses when it touches it, then when they do not apply stop loss the loss will be even greater.
This requires in-depth analysis, where we apply the stop loss number and so on. And once again this is not something easy because it requires good observation and experience. However, if it is accompanied by greed, it will be even more dangerous.
There's nothing wrong in putting a stop-loss in every single trade. For me, it's a must and we can't compare it to a trader who didn't put a stop-loss because they are not profitable. Why could I say that? It's because putting a stop-loss also needs analysis, just like putting a take profit target, we also have to put an ideal stop-loss. Now, where to get the ideal stop-loss? You must determine the invalidation of your entry, that if ever the price go to that area you consider it failed trade or a sign that the market will go to the opposite direction. So if you find out the invalidity area, below that is your stop-loss if you're longing; and above that if you're shorting.
In case of spot trade or holding I don't think there is any need to set stop loss if that coin has potential for future and if you think that coin can do well in future then you need to hold that coin for long time so in this case it is logical to think about stop loss. no But stop loss option is very important if someone is doing future trading because if stop loss option is not used then there is a big fear of losing the entire fund. Which can happen anytime because crypto is highly volatile so it is normal to see 20-50% pump/down of a coin at any time which can even zero 3-5x leveraged balance.
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Greed impact trading negatively. Traders who are greedy often sell their goods or services above market price. Greedy traders often loose their customers, because customers once in a while compare the price of the goods and services they consume. In some cases a conversation between family and friends can reveal that they pay more for a certain good or service, this can get customers upset.
Greed in crypto trading as far as this discussions is concerned is different from the traditional trading with Fiats trading on commodities, glossaries, domestic goods etc. Based on the title, greedy traders on the crypto economy can earn profit or suffer losses.
for example, if a greedy traders buys Bitcoin at certain price, he may choose to hold even when price increases, a greedy trader may keep holding with the thought that price will continue to rise, unfortunately, the price dump and he end up losing all his profits.
Greed has caused many traders to suffer losses especially the future and margin traders. Many of this traders over leverages their positions to an extent that when the market goes very volatile, many will be liquiditated on either long or short positions.
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Even when someone is greedy it will destroy themselves, I see a lot in life, although it has nothing to do with trading, but it can be a picture of how greed can destroy our lives.
Especially in trading which is very much related to a very volatile market. So it is better to have a profit plan from the start and even minimizing losses by setting a stop loss target is also recommended.
I have seen some trades where there was a provability of making high profit but later it turned out to be rather downward. Those who do not set stop loss in trading will rather lose. Sometimes, despite making a profit due to greed, there is a loss. Setting a stop loss is definitely important. It helps to keep a trader safe. Especially if someone is participate in future trade, it is pretty much mandatory to do that.
Maybe they regret when they apply stop loss then the price reverses when it touches it, then when they do not apply stop loss the loss will be even greater.
This requires in-depth analysis, where we apply the stop loss number and so on. And once again this is not something easy because it requires good observation and experience. However, if it is accompanied by greed, it will be even more dangerous.
And this what makes this market that truly unpredictable on which at the time or moment that you've seen yourself having those kind of hesitation into the positions that you had made just because of some previous experiences, then you wouldnt really be having doubts on every actions that you are taking. We do know that trying out to make profits with volatility isnt something easy and if you are really that risks taker then it will be that up to you on how you would be making out such actions because if you would be that hesitating then you would really be having that big problem or this will incur some loses. So you should be that sensible when it comes into the actions that you are making when dealing up with this volatile space.
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In case of spot trade or holding I don't think there is any need to set stop loss if that coin has potential for future and if you think that coin can do well in future then you need to hold that coin for long time so in this case it is logical to think about stop loss. no But stop loss option is very important if someone is doing future trading because if stop loss option is not used then there is a big fear of losing the entire fund. Which can happen anytime because crypto is highly volatile so it is normal to see 20-50% pump/down of a coin at any time which can even zero 3-5x leveraged balance.
In futures trading, we should use stop loss so that we do not experience greater losses if we predict the price wrongly or make the wrong strategy. But in spot trading if we choose the top coins, we do not need a stop loss because when there is a decline we can hold it, and the possibility of the coin will rise again.
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In case of spot trade or holding I don't think there is any need to set stop loss if that coin has potential for future and if you think that coin can do well in future then you need to hold that coin for long time so in this case it is logical to think about stop loss. no But stop loss option is very important if someone is doing future trading because if stop loss option is not used then there is a big fear of losing the entire fund. Which can happen anytime because crypto is highly volatile so it is normal to see 20-50% pump/down of a coin at any time which can even zero 3-5x leveraged balance.
In futures trading, we should use stop loss so that we do not experience greater losses if we predict the price wrongly or make the wrong strategy. But in spot trading if we choose the top coins, we do not need a stop loss because when there is a decline we can hold it, and the possibility of the coin will rise again.
Spot is the way if you don't want to sit on the market on monitor the situation all the time.
Just buy, hodl, and forget about the rest. Enjoy the fireworks when the bull starts knocking.
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for example, if a greedy traders buys Bitcoin at certain price, he may choose to hold even when price increases, a greedy trader may keep holding with the thought that price will continue to rise, unfortunately, the price dump and he end up losing all his profits.
Greed has caused many traders to suffer losses especially the future and margin traders. Many of this traders over leverages their positions to an extent that when the market goes very volatile, many will be liquiditated on either long or short positions.
This case happens a lot and in the end they blame Bitcoin as a scam even though they are the ones with the wrong strategy and lack of education about the Bitcoin cycle, and they do not understand that there will be a correction so that when BTC experiences a decline they immediately sell, they are more afraid of losing than waiting for BTC to go up again
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Maybe they regret when they apply stop loss then the price reverses when it touches it, then when they do not apply stop loss the loss will be even greater.
This requires in-depth analysis, where we apply the stop loss number and so on. And once again this is not something easy because it requires good observation and experience. However, if it is accompanied by greed, it will be even more dangerous.
There's nothing wrong in putting a stop-loss in every single trade. For me, it's a must and we can't compare it to a trader who didn't put a stop-loss because they are not profitable. Why could I say that? It's because putting a stop-loss also needs analysis, just like putting a take profit target, we also have to put an ideal stop-loss. Now, where to get the ideal stop-loss? You must determine the invalidation of your entry, that if ever the price go to that area you consider it failed trade or a sign that the market will go to the opposite direction. So if you find out the invalidity area, below that is your stop-loss if you're longing; and above that if you're shorting.
Yes, it's not wrong and I'm not saying it's wrong, but I mean some people when they get a stop loss and then the price reverses and then they regret applying the stop loss.
Then in the next trade they hope the same thing happens so they don't put a stop loss or they are afraid that when they hit the stop loss the price reverses like before. You could say they hope for luck, that's what I mean.
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Yes, it's not wrong and I'm not saying it's wrong, but I mean some people when they get a stop loss and then the price reverses and then they regret applying the stop loss.
Then in the next trade they hope the same thing happens so they don't put a stop loss or they are afraid that when they hit the stop loss the price reverses like before. You could say they hope for luck, that's what I mean.
In using the Stop Loss feature we must also do analsia and read trends, if the possibility of the market will rise we don't need to use stop loss features. This is needed an analysis and good experience to be able to predict the direction of the market correctly, because the Crypto market is very volatile.
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Yes, it's not wrong and I'm not saying it's wrong, but I mean some people when they get a stop loss and then the price reverses and then they regret applying the stop loss.
Then in the next trade they hope the same thing happens so they don't put a stop loss or they are afraid that when they hit the stop loss the price reverses like before. You could say they hope for luck, that's what I mean.
In using the Stop Loss feature we must also do analsia and read trends, if the possibility of the market will rise we don't need to use stop loss features. This is needed an analysis and good experience to be able to predict the direction of the market correctly, because the Crypto market is very volatile.
Stoploss would really be that only relevant when you do make out some short trades or simply relevant when you do make some futures trading because at the time that you do deal up with short trades then you will be that needing up to be wary about on your stop loses to avoid furthe or more deep on which we know that into this aspect which it will really be not hard to mind off that much because if you are really that making yourself that being too greedy and dont set out those limits or threshold then you will be having that huge issue.
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Yes, it's not wrong and I'm not saying it's wrong, but I mean some people when they get a stop loss and then the price reverses and then they regret applying the stop loss.
Then in the next trade they hope the same thing happens so they don't put a stop loss or they are afraid that when they hit the stop loss the price reverses like before. You could say they hope for luck, that's what I mean.
In using the Stop Loss feature we must also do analsia and read trends, if the possibility of the market will rise we don't need to use stop loss features. This is needed an analysis and good experience to be able to predict the direction of the market correctly, because the Crypto market is very volatile.
Stop loss is a must if you have even a fraction of the doubt in the position.
We can't ignore it or hope for the best - only cold facts should lead us in our decisions.
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Yes, it's not wrong and I'm not saying it's wrong, but I mean some people when they get a stop loss and then the price reverses and then they regret applying the stop loss.
Then in the next trade they hope the same thing happens so they don't put a stop loss or they are afraid that when they hit the stop loss the price reverses like before. You could say they hope for luck, that's what I mean.
In using the Stop Loss feature we must also do analsia and read trends, if the possibility of the market will rise we don't need to use stop loss features. This is needed an analysis and good experience to be able to predict the direction of the market correctly, because the Crypto market is very volatile.
Stop loss is a must if you have even a fraction of the doubt in the position.
We can't ignore it or hope for the best - only cold facts should lead us in our decisions.
Greed always puts a trader at risk because the market is volatile and never behaves monotonically. Greedy people always expect great things which are never possible in reality. Again there are some potential coins that need to be invested and held for a long time otherwise there is no good return and they are less volatile like Bitcoin, BNB, ETH but not everyone has the patience to invest in them for a long time.
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Yes, it's not wrong and I'm not saying it's wrong, but I mean some people when they get a stop loss and then the price reverses and then they regret applying the stop loss.
Then in the next trade they hope the same thing happens so they don't put a stop loss or they are afraid that when they hit the stop loss the price reverses like before. You could say they hope for luck, that's what I mean.
In using the Stop Loss feature we must also do analsia and read trends, if the possibility of the market will rise we don't need to use stop loss features. This is needed an analysis and good experience to be able to predict the direction of the market correctly, because the Crypto market is very volatile.
Of course we also can't be careless in setting stop loss, we have to analyze very well, where the resistance point is and where the support is so that we can determine where we can set stop loss or take profit.
All of that will also have its calculations, so we don't just set something without doing an analysis first. That's the same as being careless, because in any case we have to see based on knowledge.
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Greed always puts a trader at risk because the market is volatile and never behaves monotonically. Greedy people always expect great things which are never possible in reality. Again there are some potential coins that need to be invested and held for a long time otherwise there is no good return and they are less volatile like Bitcoin, BNB, ETH but not everyone has the patience to invest in them for a long time.
Greedy is a bad nature. A true investor/trader should avoid it because it may end up with bad result. I'm sure that investors/traders who have proper knowledge, they won't be greedy. They must know how to determine the right time for entry and exit. It should be through analysis, they won't decide it carelessly.
BTC, ETH, BNB, DOT, ADA, and some other top coins with good fundamentals deserve to hold for a long time. However, we must have certain goal for taking profits. It is impossible that we will hold them forever. By the way, a long term investors must have a big patient. If they can't be patient, they are better to be a trader only.
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In futures trading, we should use stop loss so that we do not experience greater losses if we predict the price wrongly or make the wrong strategy. But in spot trading if we choose the top coins, we do not need a stop loss because when there is a decline we can hold it, and the possibility of the coin will rise again.
Actually, it is needed to use stop loss both in future and spot. Moreover it is for day trading, we have a target for taking profits in a short time. To keep the funds in a good shape and to avoid getting big losses, it is very advisable to apply stop loss. I'm sure a trader has a different goal than a holder, a trader wants a quick profit. Even it is the top coins, they can decline quite a lot and we may wait for a long time to see the increase again.
In using the Stop Loss feature we must also do analsia and read trends, if the possibility of the market will rise we don't need to use stop loss features. This is needed an analysis and good experience to be able to predict the direction of the market correctly, because the Crypto market is very volatile.
Indeed. People must apply a stop loss after they do some analysis/research. People need to know the minimum price to sell the coins at an unexpected situation. Crypto market is surely always unpredictable, the price can drop significantly at any time. That's why we must have the way to minimize severe losses.
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In futures trading, we should use stop loss so that we do not experience greater losses if we predict the price wrongly or make the wrong strategy. But in spot trading if we choose the top coins, we do not need a stop loss because when there is a decline we can hold it, and the possibility of the coin will rise again.
Actually, it is needed to use stop loss both in future and spot. Moreover it is for day trading, we have a target for taking profits in a short time. To keep the funds in a good shape and to avoid getting big losses, it is very advisable to apply stop loss. I'm sure a trader has a different goal than a holder, a trader wants a quick profit. Even it is the top coins, they can decline quite a lot and we may wait for a long time to see the increase again.
It is always advisable for anyone who is personally involved in trading to endeavour to impose some measures which would put lock to his capital. When using a stop loss setting, we are able to preserve the money funds, as well, control our emotions during a frequent fluctuation of prices. This is very useful, particularly if we are working under conditions which are quite unpredictable in the market, as this is most often the case. This step adds more of a degree of control, coercion that is expected in order to remove chances from the probabilities of the decision taken. Regardless of the asset type it is, consistency and risk awareness are always things that help in a long-run learning process. When having a clear strategy it becomes easier to take a step by step approach on the actual trading process.
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It is always advisable for anyone who is personally involved in trading to endeavour to impose some measures which would put lock to his capital.
Money management is important, we need to keep the funds in a good shape. Stop loss will avoid the bad shape of the funds. If we get huge losses, our capital will be in a bad shape.
When using a stop loss setting, we are able to preserve the money funds, as well, control our emotions during a frequent fluctuation of prices. This is very useful, particularly if we are working under conditions which are quite unpredictable in the market, as this is most often the case. This step adds more of a degree of control, coercion that is expected in order to remove chances from the probabilities of the decision taken.
Stop lose is the way to secure the funds (capital). Even if we get losses, we don't lose our capital. There are many people who don't use the stop loss, they end up with losing the money. If this happens, we can't use the capital from the coins anymore. And we may become emotion because of losing the money.
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In futures trading, we should use stop loss so that we do not experience greater losses if we predict the price wrongly or make the wrong strategy. But in spot trading if we choose the top coins, we do not need a stop loss because when there is a decline we can hold it, and the possibility of the coin will rise again.
Actually, it is needed to use stop loss both in future and spot. Moreover it is for day trading, we have a target for taking profits in a short time. To keep the funds in a good shape and to avoid getting big losses, it is very advisable to apply stop loss. I'm sure a trader has a different goal than a holder, a trader wants a quick profit. Even it is the top coins, they can decline quite a lot and we may wait for a long time to see the increase again.
It is always advisable for anyone who is personally involved in trading to endeavour to impose some measures which would put lock to his capital. When using a stop loss setting, we are able to preserve the money funds, as well, control our emotions during a frequent fluctuation of prices. This is very useful, particularly if we are working under conditions which are quite unpredictable in the market, as this is most often the case. This step adds more of a degree of control, coercion that is expected in order to remove chances from the probabilities of the decision taken. Regardless of the asset type it is, consistency and risk awareness are always things that help in a long-run learning process. When having a clear strategy it becomes easier to take a step by step approach on the actual trading process.
When we do speak or talk about trading or any investment, then it is really that important that you should really that know on what you are doing and when it comes on having that limits then it will really be that crucial. It is really that important that you do really have those kind of borderlines when it comes to money or profit making and always set out those stop points on which you will really be needing up to consider specially when you are already that losing up that much. People do usually face up some issues on the moment that they are really that going beyond control and moderation because once that human greed kicks in then this is where it will be that starting to mess up everything.
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It is always advisable for anyone who is personally involved in trading to endeavour to impose some measures which would put lock to his capital.
Money management is important, we need to keep the funds in a good shape. Stop loss will avoid the bad shape of the funds. If we get huge losses, our capital will be in a bad shape.
That's a simple risk management for you and your funds.
Being ready for the worst is essential on the market, especially on the one we are in at the moment.
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In futures trading, we should use stop loss so that we do not experience greater losses if we predict the price wrongly or make the wrong strategy. But in spot trading if we choose the top coins, we do not need a stop loss because when there is a decline we can hold it, and the possibility of the coin will rise again.
Actually, it is needed to use stop loss both in future and spot. Moreover it is for day trading, we have a target for taking profits in a short time. To keep the funds in a good shape and to avoid getting big losses, it is very advisable to apply stop loss. I'm sure a trader has a different goal than a holder, a trader wants a quick profit. Even it is the top coins, they can decline quite a lot and we may wait for a long time to see the increase again.
It is always advisable for anyone who is personally involved in trading to endeavour to impose some measures which would put lock to his capital. When using a stop loss setting, we are able to preserve the money funds, as well, control our emotions during a frequent fluctuation of prices. This is very useful, particularly if we are working under conditions which are quite unpredictable in the market, as this is most often the case. This step adds more of a degree of control, coercion that is expected in order to remove chances from the probabilities of the decision taken. Regardless of the asset type it is, consistency and risk awareness are always things that help in a long-run learning process. When having a clear strategy it becomes easier to take a step by step approach on the actual trading process.
When we do speak or talk about trading or any investment, then it is really that important that you should really that know on what you are doing and when it comes on having that limits then it will really be that crucial. It is really that important that you do really have those kind of borderlines when it comes to money or profit making and always set out those stop points on which you will really be needing up to consider specially when you are already that losing up that much. People do usually face up some issues on the moment that they are really that going beyond control and moderation because once that human greed kicks in then this is where it will be that starting to mess up everything.
Of course this is why it is very important to keep control in trading or investing so that goals we set and the actions we are taking are controlled. When it comes to money some of the bets may be much risky that it is advisable to place some kind of a barrier to which you will not exceed. Haste, negligence or too much desire for profit are often the main reasons for the thou sands of unexpected losses as a result of overconfidence and failure to remember the reason for engagement. In this way, it becomes possible to take important and calm decisions for us on adverse conditions, if the market conditions are unstable or uncertain.
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Greedy is a bad nature. A true investor/trader should avoid it because it may end up with bad result. I'm sure that investors/traders who have proper knowledge, they won't be greedy. They must know how to determine the right time for entry and exit. It should be through analysis, they won't decide it carelessly.
BTC, ETH, BNB, DOT, ADA, and some other top coins with good fundamentals deserve to hold for a long time. However, we must have certain goal for taking profits. It is impossible that we will hold them forever. By the way, a long term investors must have a big patient. If they can't be patient, they are better to be a trader only.
Greed for most of the time results into bad things, but there are rare instances where being greedy turns into profit... only for those who can know how to stop after being greedy of course. This is why many always say that the longer, the better. This is why many are saying that the long term is better, and it's true. Being patient really pays off, but unfortunately, not all has the patience to hold their coins, and they prefer the quicker way which is trading.
Trading can be for everyone, but not everyone will make money into it. We can have goals whenever we are trading, but if we can't control ourselves, that will be useless. Sticking to our goals is good, but let's learn how to be patient.
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In futures trading, we should use stop loss so that we do not experience greater losses if we predict the price wrongly or make the wrong strategy. But in spot trading if we choose the top coins, we do not need a stop loss because when there is a decline we can hold it, and the possibility of the coin will rise again.
Actually, it is needed to use stop loss both in future and spot. Moreover it is for day trading, we have a target for taking profits in a short time. To keep the funds in a good shape and to avoid getting big losses, it is very advisable to apply stop loss. I'm sure a trader has a different goal than a holder, a trader wants a quick profit. Even it is the top coins, they can decline quite a lot and we may wait for a long time to see the increase again.
It is always advisable for anyone who is personally involved in trading to endeavour to impose some measures which would put lock to his capital. When using a stop loss setting, we are able to preserve the money funds, as well, control our emotions during a frequent fluctuation of prices. This is very useful, particularly if we are working under conditions which are quite unpredictable in the market, as this is most often the case. This step adds more of a degree of control, coercion that is expected in order to remove chances from the probabilities of the decision taken. Regardless of the asset type it is, consistency and risk awareness are always things that help in a long-run learning process. When having a clear strategy it becomes easier to take a step by step approach on the actual trading process.
When we do speak or talk about trading or any investment, then it is really that important that you should really that know on what you are doing and when it comes on having that limits then it will really be that crucial. It is really that important that you do really have those kind of borderlines when it comes to money or profit making and always set out those stop points on which you will really be needing up to consider specially when you are already that losing up that much. People do usually face up some issues on the moment that they are really that going beyond control and moderation because once that human greed kicks in then this is where it will be that starting to mess up everything.
- This is really what all community traders should be doing, but the problem is that they don't pay attention to the warnings of other communities here in the crypto space. Why? That's because the focus of their thoughts is that they need to get a profit from trading.
This behavior makes them unaware that they have fallen into the trap of having greed that they usually can't admit to themselves, and they will only realize in the end that it will be difficult for them to get out of it.
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- This is really what all community traders should be doing, but the problem is that they don't pay attention to the warnings of other communities here in the crypto space. Why? That's because the focus of their thoughts is that they need to get a profit from trading.
This behavior makes them unaware that they have fallen into the trap of having greed that they usually can't admit to themselves, and they will only realize in the end that it will be difficult for them to get out of it.
Yep. Some are too blinded by the profits at hand - and they are getting punished for it heavily.
When you do things responsibly and coldly - you will never experience such a FOMO and feeling that you lost a good deal, because you would still make a profit, just a smaller one.
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Of course this is why it is very important to keep control in trading or investing so that goals we set and the actions we are taking are controlled. When it comes to money some of the bets may be much risky that it is advisable to place some kind of a barrier to which you will not exceed. Haste, negligence or too much desire for profit are often the main reasons for the thou sands of unexpected losses as a result of overconfidence and failure to remember the reason for engagement. In this way, it becomes possible to take important and calm decisions for us on adverse conditions, if the market conditions are unstable or uncertain.
Control emotion including how to set up much profitable to earn is most important in trading, many trader forget when their coins trading have reach higher price drastically and keep to hold until loss opportunity for selling on higher price when coins dropping significant. Firstly set up for every coins trade how much profitable to earn and make sell order indeed later price going or not after our selling order fill.
Now when trading cryptocurrency or other kinds investment have to know greedy is not good way and have potential for us loss much profit later, so always set up how much percent price increase for selling our coins and not get greedy keep hold it when price pumping.
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Control emotion including how to set up much profitable to earn is most important in trading, many trader forget when their coins trading have reach higher price drastically and keep to hold until loss opportunity for selling on higher price when coins dropping significant. Firstly set up for every coins trade how much profitable to earn and make sell order indeed later price going or not after our selling order fill.
Now when trading cryptocurrency or other kinds investment have to know greedy is not good way and have potential for us loss much profit later, so always set up how much percent price increase for selling our coins and not get greedy keep hold it when price pumping.
You either control yourself and get something out of your positions, or you are greedy and get nothing, or at worst cases - a minus to your depo.
So it's very wise to have targets set beforehand to not to fall victim to such temptations.
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Just like i wrote last concerning greed, it is mostly common found among traders, holders on the crypto market to believe that the price of certain coins will continue to rise, unfortunately it start Falling unawares.
I have being in thus situation many times, though i was just trading with a little capital. Honestly, if you are trading with just small capital, it may be difficult to close a position because the take profit rate may be far below a targeted level when prices start Falling unawares.
For example, if you are trading with $100, you may not likely close your position with just $0.5 cent profit, whereas, another trader with $500 capital may quickly Take profits with a slight price increase, at least, $4 at the same market price level with the trader that has just $100 as capital.
in a nutshell, though many traders with small capital try to close their positions but they can be hindered due to low profit margin, and they may desire a further price increase to get a tangible profit at the end of the trade.
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Just like i wrote last concerning greed, it is mostly common found among traders, holders on the crypto market to believe that the price of certain coins will continue to rise, unfortunately it start Falling unawares.
I have being in thus situation many times, though i was just trading with a little capital. Honestly, if you are trading with just small capital, it may be difficult to close a position because the take profit rate may be far below a targeted level when prices start Falling unawares.
For example, if you are trading with $100, you may not likely close your position with just $0.5 cent profit, whereas, another trader with $500 capital may quickly Take profits with a slight price increase, at least, $4 at the same market price level with the trader that has just $100 as capital.
in a nutshell, though many traders with small capital try to close their positions but they can be hindered due to low profit margin, and they may desire a further price increase to get a tangible profit at the end of the trade.
That's why some try to flip some coins and get lots of profit from them.
But they then proceed to get burned and to lose their depos.
Better to have a small profit than a big minus, in my opinion.
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Of course this is why it is very important to keep control in trading or investing so that goals we set and the actions we are taking are controlled. When it comes to money some of the bets may be much risky that it is advisable to place some kind of a barrier to which you will not exceed. Haste, negligence or too much desire for profit are often the main reasons for the thou sands of unexpected losses as a result of overconfidence and failure to remember the reason for engagement. In this way, it becomes possible to take important and calm decisions for us on adverse conditions, if the market conditions are unstable or uncertain.
Control emotion including how to set up much profitable to earn is most important in trading, many trader forget when their coins trading have reach higher price drastically and keep to hold until loss opportunity for selling on higher price when coins dropping significant. Firstly set up for every coins trade how much profitable to earn and make sell order indeed later price going or not after our selling order fill.
Now when trading cryptocurrency or other kinds investment have to know greedy is not good way and have potential for us loss much profit later, so always set up how much percent price increase for selling our coins and not get greedy keep hold it when price pumping.
if I personally control my emotions and avoid greed is by returning to the original plan. because by always sticking to the original plan we can avoid greed. When buying we already have a target and a sales plan and we should always consider this. because greed will always come and we can experience losses if we are too greedy because we miss opportunities.
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if I personally control my emotions and avoid greed is by returning to the original plan. because by always sticking to the original plan we can avoid greed. When buying we already have a target and a sales plan and we should always consider this. because greed will always come and we can experience losses if we are too greedy because we miss opportunities.
Original plan? Do you mean initial plan?
Yes, we must always our plan, it may can stop our greed. If we always change the plan, it is very possible that we become greedy. Sometimes, we expect higher and higher goal for profits. You're right, it will be very risky if we become greedy because it may lead to severe losses. Many people lost all their money because they become greedy.
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if I personally control my emotions and avoid greed is by returning to the original plan. because by always sticking to the original plan we can avoid greed. When buying we already have a target and a sales plan and we should always consider this. because greed will always come and we can experience losses if we are too greedy because we miss opportunities.
Original plan? Do you mean initial plan?
Yes, we must always our plan, it may can stop our greed. If we always change the plan, it is very possible that we become greedy. Sometimes, we expect higher and higher goal for profits. You're right, it will be very risky if we become greedy because it may lead to severe losses. Many people lost all their money because they become greedy.
I also sometimes exit the initial plan when I see a very positive market trend but don't be too greedy and must always monitor the market because usually this is very risky when the price suddenly drops.
many suggest to always be in accordance with the initial plan, but I sometimes do something different by raising my target a little when the market moves positively
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if I personally control my emotions and avoid greed is by returning to the original plan. because by always sticking to the original plan we can avoid greed. When buying we already have a target and a sales plan and we should always consider this. because greed will always come and we can experience losses if we are too greedy because we miss opportunities.
Original plan? Do you mean initial plan?
Yes, we must always our plan, it may can stop our greed. If we always change the plan, it is very possible that we become greedy. Sometimes, we expect higher and higher goal for profits. You're right, it will be very risky if we become greedy because it may lead to severe losses. Many people lost all their money because they become greedy.
I also sometimes exit the initial plan when I see a very positive market trend but don't be too greedy and must always monitor the market because usually this is very risky when the price suddenly drops.
many suggest to always be in accordance with the initial plan, but I sometimes do something different by raising my target a little when the market moves positively
Whenever the signals of the market conditions are positive, it is only human to feel the urge to change something in an attempt to claim more opportunities. Yet getting this just the right balance of risk and safety is something that has to be thought through all the time. Therefore, if the general upturn in prices is noticeable it is rather beneficial to raise targets cautiously as we’ve done before. Although there is no way of escaping risks that stem from changes in the market, there is still the chance to get a better result, all provided that the occurrence is observed and the decision made will be correct. As long as we do not try to make it a regular business of ours and know our limitations well this step can be part of a good learning experience in managing investments.
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My experience trading with a capital of 20 dollars that is felt is that Greedy is very strong in enveloping my mentality because I think from the beginning with a small capital but want to make a lot of profit.
Very far from feeling grateful when it goes up to 40% because what exists is wanting to reach 100% so that my profit can reach 40 dollars along with capital.
Only with a target strategy and being grateful, it seems that if I trade in this crypto because it is really very unpredictable for changes in crypto prices and our own emotional levels.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
Those who do day trading will definitely get greedy and cannot control themselves from panic because they will have a desire to get something fast. And when in loss will panic and sell their crypto for loss. controlling greed and panic in trading and gambling is very difficult which not everyone can do. And because of this, almost all users lose money in trading and gambling. In these cases the one who can do loss control will be the real gainer
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
Those who do day trading will definitely get greedy and cannot control themselves from panic because they will have a desire to get something fast. And when in loss will panic and sell their crypto for loss. controlling greed and panic in trading and gambling is very difficult which not everyone can do. And because of this, almost all users lose money in trading and gambling. In these cases the one who can do loss control will be the real gainer
You can not gain in gambling, and if you are a trader with poor knowledge on trading, you will run at loss frequently because you are a gambler. Trading is far beyond what we think it is, because it's more than controlling your emotions but how to know the right time to open a position and study the market with some wvents happening. Currently, that Trump will be sworn in tomorrow, it's easy to know that the price of bitcoin will pump.
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In trading and investing, it is important not to be greedy. Because with minimal mistakes that we do, that's where things are going to end up badly. And that's why if we're going to trade, set some targets and limits so that we'll never have any troubles upon trading. Most of the traders end up losing because they're wanting to get as much profits as they can and they're not content with how much they have made.
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As a trader, you won't be a greedy trader and expect to be successful in trading instead a loser you will become at the end of your journey in trading.
For someone who's into trading, the first and most important thing they learn is to control their greed. The moment they can do that, their trading decision leading to impulsive actions will be controlled, so their profits won't turn to loses
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Greed is hard to get rid of because greed comes naturally from within us so I feel that trading cryptocurrency can't get rid of greed. It's better to just be a hodler than to trade because being a hodler means just relaxing but being a hodler is for the long term.
For those who are impatient, it is certain that this coin hodler is not the type, maybe those who are impatient are suited to fast or daily trading and of course dealing with greed and being grateful every day.
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As a trader, you won't be a greedy trader and expect to be successful in trading instead a loser you will become at the end of your journey in trading.
For someone who's into trading, the first and most important thing they learn is to control their greed. The moment they can do that, their trading decision leading to impulsive actions will be controlled, so their profits won't turn to loses
Controlling greed requires experience and knowledge. I agree with this opinion. And we must be able to analyze properly, if we are too greedy we will lose the opportunity to gain profit.
Greed will always be there. And we must be able to control it.
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Controlling greed requires experience and knowledge. I agree with this opinion. And we must be able to analyze properly, if we are too greedy we will lose the opportunity to gain profit.
Greed will always be there. And we must be able to control it.
Controlling greed does not require any prior experience. Without a doubt, experience is a good teacher, but not the best one for me, as many people believe. You do not need any experience to realize that greed is not a good trait for a trader. If a trader waits to gain experience before learning about the impact of greed on trading, he will undoubtedly have made many mistakes and regrets.
Understand that having regrets in trading means losing a lot of money, so what is the point of waiting to lose money before being able to control greed? However, I agree with you on knowledge because it will help the trader understand the risks of trading with greed. Thus, such knowledge will help the trader appreciate his profit.
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As a trader, you won't be a greedy trader and expect to be successful in trading instead a loser you will become at the end of your journey in trading.
For someone who's into trading, the first and most important thing they learn is to control their greed. The moment they can do that, their trading decision leading to impulsive actions will be controlled, so their profits won't turn to loses
Controlling greed requires experience and knowledge. I agree with this opinion. And we must be able to analyze properly, if we are too greedy we will lose the opportunity to gain profit.
Greed will always be there. And we must be able to control it.
We arent that perfect beings on which its normal that there will really be those impulsive reactions at the time or moment that you will be able to experience those greediness since human beings does really love money and since we do love it then we do want it as much as we could and this is why it will really be that normal that there will be those actions that lapses out or simply violates that limitation, but same as you said that on the time or moment that you do have experience and knowledge about particular things then this is where you will be starting on making up adjustments on which this is something that you will be avoiding it on the second time that you will be able to encounter. You wont be ending up on having some issues if you do just simply learnt from your past mistakes.
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As a trader, you won't be a greedy trader and expect to be successful in trading instead a loser you will become at the end of your journey in trading.
For someone who's into trading, the first and most important thing they learn is to control their greed. The moment they can do that, their trading decision leading to impulsive actions will be controlled, so their profits won't turn to loses
Controlling greed requires experience and knowledge. I agree with this opinion. And we must be able to analyze properly, if we are too greedy we will lose the opportunity to gain profit.
Greed will always be there. And we must be able to control it.
Greed follows where potential lies.
But when we feel it's there, we must remember about risk-management and how we should be regarding such emotions and desires.
Let them go.
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In trading and investing, it is important not to be greedy. Because with minimal mistakes that we do, that's where things are going to end up badly. And that's why if we're going to trade, set some targets and limits so that we'll never have any troubles upon trading. Most of the traders end up losing because they're wanting to get as much profits as they can and they're not content with how much they have made.
I agree, in some trades we make profits but we only book profits and don't close the trade fully in the greed of making more money from that token and at the end that token dumps more and eat your profit and the capital both and sometimes make you lose too.
Therefore we must have our plan and we must stick to it for better results we should not marry any coin if we are making a profit then leave that coin until we find another opportuntiy in the space.
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In trading and investing, it is important not to be greedy. Because with minimal mistakes that we do, that's where things are going to end up badly. And that's why if we're going to trade, set some targets and limits so that we'll never have any troubles upon trading. Most of the traders end up losing because they're wanting to get as much profits as they can and they're not content with how much they have made.
I agree, in some trades we make profits but we only book profits and don't close the trade fully in the greed of making more money from that token and at the end that token dumps more and eat your profit and the capital both and sometimes make you lose too.
Therefore we must have our plan and we must stick to it for better results we should not marry any coin if we are making a profit then leave that coin until we find another opportuntiy in the space.
in trading we should not be greedy and must be in accordance with the initial plan and target, I agree with this because if we are greedy we can lose. the crypto market is very volatile and sometimes does not match our plan and can even be higher than the initial strategy but if we are greedy sometimes the price suddenly drops and we lose the opportunity to make a profit.
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In trading and investing, it is important not to be greedy. Because with minimal mistakes that we do, that's where things are going to end up badly. And that's why if we're going to trade, set some targets and limits so that we'll never have any troubles upon trading. Most of the traders end up losing because they're wanting to get as much profits as they can and they're not content with how much they have made.
I agree, in some trades we make profits but we only book profits and don't close the trade fully in the greed of making more money from that token and at the end that token dumps more and eat your profit and the capital both and sometimes make you lose too.
Therefore we must have our plan and we must stick to it for better results we should not marry any coin if we are making a profit then leave that coin until we find another opportuntiy in the space.
If there is a plan, there is a goal.
At least there would be fewer chances of the fact that we would be tempted to act wrongly due to the facts presented to us.
Once we get straight to the point, we are going to succeed, little by little.
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in trading we should not be greedy and must be in accordance with the initial plan and target, I agree with this because if we are greedy we can lose. the crypto market is very volatile and sometimes does not match our plan and can even be higher than the initial strategy but if we are greedy sometimes the price suddenly drops and we lose the opportunity to make a profit.
When trading, it is crucial to have a plan. A trader can control their greed if they have a plan and follow it. Greed can still lead a trader to ignore the plan and trade based on emotions rather than discipline. When a trader is constantly moved by impulse, he will struggle to make good use of his trading profits.
The more he profits, the more he becomes excited and wants to trade in order to increase his gains. No amount of profit can satisfy such a trader, and he is likely to lose everything because, as you mentioned, the market is volatile, and a small change in the market graph can affect his profit.
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^ A plan is a big part of a success.
Once you don't know what you are working for - you start making mistakes.
Even though things may be good, the ending of a trading session may go wrong due to that.
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When trading, it is crucial to have a plan. A trader can control their greed if they have a plan and follow it. Greed can still lead a trader to ignore the plan and trade based on emotions rather than discipline. When a trader is constantly moved by impulse, he will struggle to make good use of his trading profits.
The more he profits, the more he becomes excited and wants to trade in order to increase his gains. No amount of profit can satisfy such a trader, and he is likely to lose everything because, as you mentioned, the market is volatile, and a small change in the market graph can affect his profit.
In fact, greed is the biggest factor in a trader's ability to make profits and face losses.
I think greed is what keeps a trader from sticking to their strategy and forces them to make the wrong investments, which of course indicates trading based on emotion. And these things will never allow a trader to gain profit or achieve success. So first of all we have to make sure that we do not fall into the trap of greed when we come to trading.
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When trading, it is crucial to have a plan. A trader can control their greed if they have a plan and follow it. Greed can still lead a trader to ignore the plan and trade based on emotions rather than discipline. When a trader is constantly moved by impulse, he will struggle to make good use of his trading profits.
The more he profits, the more he becomes excited and wants to trade in order to increase his gains. No amount of profit can satisfy such a trader, and he is likely to lose everything because, as you mentioned, the market is volatile, and a small change in the market graph can affect his profit.
In fact, greed is the biggest factor in a trader's ability to make profits and face losses.
I think greed is what keeps a trader from sticking to their strategy and forces them to make the wrong investments, which of course indicates trading based on emotion. And these things will never allow a trader to gain profit or achieve success. So first of all we have to make sure that we do not fall into the trap of greed when we come to trading.
This has been widely discussed and suggested by many seniors not to be greedy in trading because it will only eliminate our opportunity to take advantage because the crypto market is difficult to predict but for those who are experienced and choose skills can increase the selling target when the market soars. but of course the risk is very high
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This has been widely discussed and suggested by many seniors not to be greedy in trading because it will only eliminate our opportunity to take advantage because the crypto market is difficult to predict but for those who are experienced and choose skills can increase the selling target when the market soars. but of course the risk is very high
Yes, we already discussed it many times to avoid greedy because it probably ends up with unsatisfying results. If you have a too high target for taking profits, you may miss the best opportunity to gain profits. I've experienced this several times, so I am starting to be more realistic with my targets now. To make realistic targets, we must do deep analysis or research. And we must also always monitor the change on market trends recently.
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in trading we should not be greedy and must be in accordance with the initial plan and target, I agree with this because if we are greedy we can lose. the crypto market is very volatile and sometimes does not match our plan and can even be higher than the initial strategy but if we are greedy sometimes the price suddenly drops and we lose the opportunity to make a profit.
Greed is indeed one of the most hazardous emotions in trading, as it can lead to impulsive decisions driven by selfishness. just as you said, When market volatility strikes, traders may incur losses. That is why it's important to control your emotions and develop a well planned strategy to navigate the trading journey. To achieve success in cryptocurrency trading, it's essential to cultivate motivation, contentment, and courage. By doing so, you'll be better equipped to manage and control your emotions, making it easier to trade smoothly and attain your goals.
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If there is a plan, there is a goal.
At least there would be fewer chances of the fact that we would be tempted to act wrongly due to the facts presented to us.
Once we get straight to the point, we are going to succeed, little by little.
What if facts presented to us was manipulated to make us a wrong plan. We all did that mistake, we all made wrong plans and stick to the wrong tokens, those choices has cost all of us in trading, later what we did is sell the coin in loss and entered in another and made more loss from that coin.
Therefore with time we must check if those stats are real and are not manipulated because with time even little by little we can know the difference. We should have a straight plan but we have to keep checking if we are on the straight plan or not.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
Greed does not only harm people on trading platforms, greed harms people in all areas. Especially if we say that trading platforms are very risky platforms. If you are too greedy on this trading platform, you will throw yourself into destruction on the trading platform. Greed is such a deadly thing that kills people bit by bit. I have seen that I have lost a lot due to greed on trading platforms. Sometimes if I had not been greedy, I would have been very successful, but by being too greedy, I have brought my own loss on myself. So if you want to be successful on the trading platform, definitely avoid greed.
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If there is a plan, there is a goal.
At least there would be fewer chances of the fact that we would be tempted to act wrongly due to the facts presented to us.
Once we get straight to the point, we are going to succeed, little by little.
What if facts presented to us was manipulated to make us a wrong plan. We all did that mistake, we all made wrong plans and stick to the wrong tokens, those choices has cost all of us in trading, later what we did is sell the coin in loss and entered in another and made more loss from that coin.
Therefore with time we must check if those stats are real and are not manipulated because with time even little by little we can know the difference. We should have a straight plan but we have to keep checking if we are on the straight plan or not.
That is absolutely correct. At times we find out we are looking or have been looking at the wrong direction when trading or investing in some projects. Those that will or are to be promising, we don't see them on the very early stage, making us lose the profit that is obtainable from them. I'm this instance, it is no more greed, rather luck is not in the show at the moment.
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in trading we should not be greedy and must be in accordance with the initial plan and target, I agree with this because if we are greedy we can lose. the crypto market is very volatile and sometimes does not match our plan and can even be higher than the initial strategy but if we are greedy sometimes the price suddenly drops and we lose the opportunity to make a profit.
We can sometimes make profit too by being greedy and after that market can drop like you said. If we have a token and we are greedy we took the profit in greed and market dumped this way we can make profit too but this is very rare in crypto industry but most of the time we make profit but end up making lesser profit.
There was a meme of Elon and the son of Trump before the inauguration, and someone titled it as Elon being happy and waiting for 200x and the son of Trump, who was sad and very serious in that video, as someone who booked at 2x. To make a bigger profit, we have to take bigger risks, too.
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Of course that is very appropriate and the target of the discussion is not long-winded. I still hope for one more drop and then we will see my favorite coin flying to the moon. Bitcoin is still facing an uncertain direction and it is affecting altcoins too for sure. once again by making an entry point with minimum risk will be born maximum profit, so make sure to accept all the consequences if we make a wrong move.
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That is absolutely correct. At times we find out we are looking or have been looking at the wrong direction when trading or investing in some projects. Those that will or are to be promising, we don't see them on the very early stage, making us lose the profit that is obtainable from them. I'm this instance, it is no more greed, rather luck is not in the show at the moment.
Sometimes we as traders, as people who are always looking for continuous improvement, we do certain things to earn more, we should always be open to that, new projects are common, but we have to know how to review them, because many times they are scams or ways to take our money, at all times we must be patient, investigators and look for the best way to see if it is feasible or not, in trading there are many gurus, many want to make a difference, but few are those who actually win.
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Sometimes we as traders, as people who are always looking for continuous improvement, we do certain things to earn more, we should always be open to that, new projects are common, but we have to know how to review them, because many times they are scams or ways to take our money, at all times we must be patient, investigators and look for the best way to see if it is feasible or not, in trading there are many gurus, many want to make a difference, but few are those who actually win.
Especially if there is a promising invitation before they list and usually there are two possibilities to win big and lose. if I see enough there are still many people who have not checked a new project and continue to buy their coins when the presale is held.
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That is absolutely correct. At times we find out we are looking or have been looking at the wrong direction when trading or investing in some projects. Those that will or are to be promising, we don't see them on the very early stage, making us lose the profit that is obtainable from them. I'm this instance, it is no more greed, rather luck is not in the show at the moment.
Thanks for agreeing with me it was based on my experience because in past I made lot of investments on other preferences, but now when I saw those investments I think how dumb I was to invest in such tokens on the basis of logics other showed to me.
That's why if we have invested in a coin for long term we must not trust one or two guys who have positive views about them we must do our own research too. In investing and trading we should not trust luck we should do our study then trust luck.
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That is absolutely correct. At times we find out we are looking or have been looking at the wrong direction when trading or investing in some projects. Those that will or are to be promising, we don't see them on the very early stage, making us lose the profit that is obtainable from them. I'm this instance, it is no more greed, rather luck is not in the show at the moment.
Thanks for agreeing with me it was based on my experience because in past I made lot of investments on other preferences, but now when I saw those investments I think how dumb I was to invest in such tokens on the basis of logics other showed to me.
That's why if we have invested in a coin for long term we must not trust one or two guys who have positive views about them we must do our own research too. In investing and trading we should not trust luck we should do our study then trust luck.
I always do analysis and make my own analysis in trading and investment. because by making our own analysis we can know if we make mistakes or are not getting maximum profit, we can improve the strategy and plan we choose.
You are right, we should not rely on luck, because it will not always be present in our trading.
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I always do analysis and make my own analysis in trading and investment. because by making our own analysis we can know if we make mistakes or are not getting maximum profit, we can improve the strategy and plan we choose.
You are right, we should not rely on luck, because it will not always be present in our trading.
It is a must to do own analysis. Don't trust other people analysis, even they are experts or experienced traders! They can be wrong, they don't guarantee anything. And we must be confident with our analysis because we do it with research and some considerations as well. So why we must rely on other people's analysis? It is mostly a similar way. :D
We only can improve our strategy and knowledge if we do it ourselves. If we always depend on other people, we never improve our knowledge. How can have a better strategy if we have no improvement in our knowledge?
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
It is very important to control greed not only in trading but in every aspect of life. If you cannot control greed in gambling, then you will definitely not make a profit but you will lose all your capital and go bankrupt. The same principle applies to trading, especially when you are greedy even after making a profit in trading, then you will be at risk of making losses instead of profits.
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When trading, it is crucial to have a plan. A trader can control their greed if they have a plan and follow it. Greed can still lead a trader to ignore the plan and trade based on emotions rather than discipline. When a trader is constantly moved by impulse, he will struggle to make good use of his trading profits.
The more he profits, the more he becomes excited and wants to trade in order to increase his gains. No amount of profit can satisfy such a trader, and he is likely to lose everything because, as you mentioned, the market is volatile, and a small change in the market graph can affect his profit.
Exactly, everyone trade with the aim of making profits, but that shouldn't guarantee you to make impulsive decisions without carefully considering the consequences of the future, don't think beyond your capabilities, if not your emotions will start controlling you, and before you know it, you may not be able to manage and control your emotions and it will lead to greediness or fear of missing out. Be contented with the profit you made, matter how little it is. An accurate plan will also help you to manage your time effectively and it will also help you to control your emotions.
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That is absolutely correct. At times we find out we are looking or have been looking at the wrong direction when trading or investing in some projects. Those that will or are to be promising, we don't see them on the very early stage, making us lose the profit that is obtainable from them. I'm this instance, it is no more greed, rather luck is not in the show at the moment.
Thanks for agreeing with me it was based on my experience because in past I made lot of investments on other preferences, but now when I saw those investments I think how dumb I was to invest in such tokens on the basis of logics other showed to me.
That's why if we have invested in a coin for long term we must not trust one or two guys who have positive views about them we must do our own research too. In investing and trading we should not trust luck we should do our study then trust luck.
I always do analysis and make my own analysis in trading and investment. because by making our own analysis we can know if we make mistakes or are not getting maximum profit, we can improve the strategy and plan we choose.
You are right, we should not rely on luck, because it will not always be present in our trading.
- That is why it is important that the analysis we do in trading must be correct, because if it is wrong, for sure we will not get any profit. However, if the analysis done is correct, then the profit we will get in the end is certain.
But if we limit our greed and let it control us, it is also certain that we will not gain anything to get a good profit. So we should not let it enter our character as a trader.
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- That is why it is important that the analysis we do in trading must be correct, because if it is wrong, for sure we will not get any profit. However, if the analysis done is correct, then the profit we will get in the end is certain.
But if we limit our greed and let it control us, it is also certain that we will not gain anything to get a good profit. So we should not let it enter our character as a trader.
Well, each factor in trading must be calculated in a proper way since even the slightest error on the our part might lead to some losses. However, profit motive is the objective of businesses while competing fairly and managing the business with rationality and passion. But if the feeling of greed is allowed to prevail then the decision that is made can indeed be the wrong one. Temperance and perseverance are some of those things that the trader has to deal with in trading that they cannot do without. It is certain then if the plan that one has made will be followed, the likelihood of achieving favourable results will be higher. It is not just the process of buying and selling of commodities with an aim of making profits but how we can conduct ourselves and ensure that we remain disciplined through the conducting of business.
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Greed must be eliminated in every aspect of life, otherwise it will not be possible to be successful in life. In trading, one must have the ability to manage greed, otherwise excessive greed will lead to losses despite the possibility of making a profit at a particular moment. It should be remembered that trading is an important field, and if someone does not have the skills to handle greed, it would be wise to stay away from trading.
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I always do analysis and make my own analysis in trading and investment. because by making our own analysis we can know if we make mistakes or are not getting maximum profit, we can improve the strategy and plan we choose.
You are right, we should not rely on luck, because it will not always be present in our trading.
I also did analysis at those times but the knowledge was limited at that time and you know like now everyone is talking about AI and all those AI projects like AI agent, swarms etc. you get the feeling that this coin is spcieals and it will explode especially when your favorite influencer shows positive signs for that coin.
You think this is next gem like people are thinking now, but in last cycle there were many gaming and metaverse projects in which I invested but they failed to deliver same now these ai projects will also fail to deliver.
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Greed must be eliminated in every aspect of life, otherwise it will not be possible to be successful in life. In trading, one must have the ability to manage greed, otherwise excessive greed will lead to losses despite the possibility of making a profit at a particular moment. It should be remembered that trading is an important field, and if someone does not have the skills to handle greed, it would be wise to stay away from trading.
Definitely, It can be said that the biggest enemy of a trader is the greed. If a trader cannot control his greed in trading, then he will never get the desired results from trading. Many traders can profit from their trading, but due to greed, they cannot enjoy that profit and can lose all their assets. Moreover, when greed works in a trader, he can also lose control of himself emotionally. When a trader becomes greedy in trading, the negative aspects of trading will be exposed.
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- That is why it is important that the analysis we do in trading must be correct, because if it is wrong, for sure we will not get any profit. However, if the analysis done is correct, then the profit we will get in the end is certain.
I did the basic analysis from my end, and after analysis, the coin was good looking to me I thought I would make enough profit from it, but the risk also involved the mistake I made of investing a huge amount in a metaverse + gaming project but did not thought to invest a small amount, I actually adopt to the environment I was in and in that company people were too bullish about some projects back in the 2020 cycle.
It was an uneducated mistake I learned.
But if we limit our greed and let it control us, it is also certain that we will not gain anything to get a good profit. So we should not let it enter our character as a trader.
We should never be greedy if we are making profit just don't book the profit only but close the trade fully unless there is bug sign of another pump.
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Definitely, It can be said that the biggest enemy of a trader is the greed. If a trader cannot control his greed in trading, then he will never get the desired results from trading. Many traders can profit from their trading, but due to greed, they cannot enjoy that profit and can lose all their assets. Moreover, when greed works in a trader, he can also lose control of himself emotionally. When a trader becomes greedy in trading, the negative aspects of trading will be exposed.
You are right; a rapacious trader will never be content. Even when there are returns, he still wants more, and because the market is erratic, he may occasionally lose the profits and even feel sad about not utilizing the profit. A greedy trader, in my experience, is never content since he consistently loses his gains.
Imagine that a trader begins trading with $1000 and makes an extra $500 profit. Because of greed, he may believe that the $500 is not much and so he may ignored the profit and keep trading, but he may be surprised by a market decline where he loses all of his profit and possibly some of his capital. In such a situation, a trader is never happy.
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Greed must be eliminated in every aspect of life, otherwise it will not be possible to be successful in life. In trading, one must have the ability to manage greed, otherwise excessive greed will lead to losses despite the possibility of making a profit at a particular moment. It should be remembered that trading is an important field, and if someone does not have the skills to handle greed, it would be wise to stay away from trading.
Definitely, It can be said that the biggest enemy of a trader is the greed. If a trader cannot control his greed in trading, then he will never get the desired results from trading. Many traders can profit from their trading, but due to greed, they cannot enjoy that profit and can lose all their assets. Moreover, when greed works in a trader, he can also lose control of himself emotionally. When a trader becomes greedy in trading, the negative aspects of trading will be exposed.
Trading involves dealing with emotions is another facet that cannot be considered irrelevant especially when one is confronted with the temptation of seeking more profits. If not checked, this desire can even have detrimental effects of the feat that has been achieved. There are certain scenarios that most of us face in his lifetime during which decisions are made out of raw impulse and not out of well thought. This can lead to higher risks and even the earlier developed strategies become simply unusable. It means decisions can be made but not to rush because being all worked up may not be of much help, and this will help in controlling the emotions.
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It is very important to control greed not only in trading but in every aspect of life. If you cannot control greed in gambling, then you will definitely not make a profit but you will lose all your capital and go bankrupt. The same principle applies to trading, especially when you are greedy even after making a profit in trading, then you will be at risk of making losses instead of profits.
You're right. Being greedy will make us in trouble, this goes for anything. If we are greedy, we can't control our desire. We probably end up with a regret because we have too high hope. Yep, it also applies in trading, we shouldn't be greedy because we will miss the chance for taking good profits. During the bullrun season, it is the best time to take profits. However, many people set a too high target for profits, then they miss the chance to sell their coins. If we do this, we can't take optimum advantage from this bullrun season. So, we must make a reasonable target and it should be based on analysis/research.
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Greed must be eliminated in every aspect of life, otherwise it will not be possible to be successful in life. In trading, one must have the ability to manage greed, otherwise excessive greed will lead to losses despite the possibility of making a profit at a particular moment. It should be remembered that trading is an important field, and if someone does not have the skills to handle greed, it would be wise to stay away from trading.
In every aspect of life not just trading, if you are greedy there is a possibility for the person to be a looser. contentment is the weapon that you can use to fight against greediness. If you are happy and satisfied with every little thing that you have or the little profit that you make, then there will be no room for greediness. As a trader, it is very important for you to control your emotions and don't let your emotions control you because it may lead to taking the wrong decision that will affect your career and you will live to regret it for the rest of your life.
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Greed must be eliminated in every aspect of life, otherwise it will not be possible to be successful in life. In trading, one must have the ability to manage greed, otherwise excessive greed will lead to losses despite the possibility of making a profit at a particular moment. It should be remembered that trading is an important field, and if someone does not have the skills to handle greed, it would be wise to stay away from trading.
In every aspect of life not just trading, if you are greedy there is a possibility for the person to be a looser. contentment is the weapon that you can use to fight against greediness. If you are happy and satisfied with every little thing that you have or the little profit that you make, then there will be no room for greediness. As a trader, it is very important for you to control your emotions and don't let your emotions control you because it may lead to taking the wrong decision that will affect your career and you will live to regret it for the rest of your life.
Yeah, I agree with you in every aspect of our lives we should not be greedy. We must be able to control our emotions and have targets. because when the target has been achieved we should not be greedy to get bigger profits, because the crypto market is difficult to predict and very volatile. I agree with those who suggest not to be greedy.
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Greed must be eliminated in every aspect of life, otherwise it will not be possible to be successful in life. In trading, one must have the ability to manage greed, otherwise excessive greed will lead to losses despite the possibility of making a profit at a particular moment. It should be remembered that trading is an important field, and if someone does not have the skills to handle greed, it would be wise to stay away from trading.
In every aspect of life not just trading, if you are greedy there is a possibility for the person to be a looser. contentment is the weapon that you can use to fight against greediness. If you are happy and satisfied with every little thing that you have or the little profit that you make, then there will be no room for greediness. As a trader, it is very important for you to control your emotions and don't let your emotions control you because it may lead to taking the wrong decision that will affect your career and you will live to regret it for the rest of your life.
Yeah, I agree with you in every aspect of our lives we should not be greedy. We must be able to control our emotions and have targets. because when the target has been achieved we should not be greedy to get bigger profits, because the crypto market is difficult to predict and very volatile. I agree with those who suggest not to be greedy.
Of course every choice entails certain repercussions, more so when the matters concerned have high risk factors. It is highly important to exercise self-control and subdue oneself in different circumstances to not be enticed by materialism. This is also part of a careful decision since if you already have a goal then you will know when to quit. Things don’t always happen as they are planned which is very much evident in something that is fluid and unpredictable. It increases the risk of business since if profit being made alone is concerning without much attention to risks involved then the likelihood of making a loss is even higher. It is better to enjoy the outcome that has been made without having to desired for something, which is actually stressful.
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Greed must be eliminated in every aspect of life, otherwise it will not be possible to be successful in life. In trading, one must have the ability to manage greed, otherwise excessive greed will lead to losses despite the possibility of making a profit at a particular moment. It should be remembered that trading is an important field, and if someone does not have the skills to handle greed, it would be wise to stay away from trading.
In every aspect of life not just trading, if you are greedy there is a possibility for the person to be a looser. contentment is the weapon that you can use to fight against greediness. If you are happy and satisfied with every little thing that you have or the little profit that you make, then there will be no room for greediness. As a trader, it is very important for you to control your emotions and don't let your emotions control you because it may lead to taking the wrong decision that will affect your career and you will live to regret it for the rest of your life.
Yeah, I agree with you in every aspect of our lives we should not be greedy. We must be able to control our emotions and have targets. because when the target has been achieved we should not be greedy to get bigger profits, because the crypto market is difficult to predict and very volatile. I agree with those who suggest not to be greedy.
Being greedy is part of human being on which we do really have that really having the love for money and whatever the things that we are getting involved into, then it will be that understandable that there will really be those times or moments that you do become that impulsive on which you will be having those kind of hopes that you can be able to make huge amount of money at the moment that you do gamble. Greediness isnt only just that applicable on gambling space but also in investment or even on trading on which there's really that those moments or times that you do have that kind of mindset and trying out to make out such action.
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In every aspect of life not just trading, if you are greedy there is a possibility for the person to be a looser. contentment is the weapon that you can use to fight against greediness. If you are happy and satisfied with every little thing that you have or the little profit that you make, then there will be no room for greediness. As a trader, it is very important for you to control your emotions and don't let your emotions control you because it may lead to taking the wrong decision that will affect your career and you will live to regret it for the rest of your life.
Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.
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Greed must be eliminated in every aspect of life, otherwise it will not be possible to be successful in life. In trading, one must have the ability to manage greed, otherwise excessive greed will lead to losses despite the possibility of making a profit at a particular moment. It should be remembered that trading is an important field, and if someone does not have the skills to handle greed, it would be wise to stay away from trading.
In every aspect of life not just trading, if you are greedy there is a possibility for the person to be a looser. contentment is the weapon that you can use to fight against greediness. If you are happy and satisfied with every little thing that you have or the little profit that you make, then there will be no room for greediness. As a trader, it is very important for you to control your emotions and don't let your emotions control you because it may lead to taking the wrong decision that will affect your career and you will live to regret it for the rest of your life.
Yeah, I agree with you in every aspect of our lives we should not be greedy. We must be able to control our emotions and have targets. because when the target has been achieved we should not be greedy to get bigger profits, because the crypto market is difficult to predict and very volatile. I agree with those who suggest not to be greedy.
Being greedy is part of human being on which we do really have that really having the love for money and whatever the things that we are getting involved into, then it will be that understandable that there will really be those times or moments that you do become that impulsive on which you will be having those kind of hopes that you can be able to make huge amount of money at the moment that you do gamble. Greediness isnt only just that applicable on gambling space but also in investment or even on trading on which there's really that those moments or times that you do have that kind of mindset and trying out to make out such action.
- Greediness can actually enter people's minds anywhere. Especially when they are discussing money. Even in crypto trading,
many people fall into greed honestly speaking.
That's why we should be content with what we can get as profit, if there is profit, don't aim for a high or large amount so that the profit that was supposed
to be lost doesn't turn into stone in the end.
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Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.
With greed we can empty our portfolio because if we are making profit the greed of making more or losing a bit lesser can liquidate us therefore in future trading, greed should have no place at all because emptying your wallet is the worst scenario.
We must control our emotions and we should be very strict with out trades because with emotional trading we can also get ourselves liquidated therefore emotions and greed should be kept aside before doing trading and we should not do future trading until we have only 10$ but we should still not do it anyway.
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Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.
With greed we can empty our portfolio because if we are making profit the greed of making more or losing a bit lesser can liquidate us therefore in future trading, greed should have no place at all because emptying your wallet is the worst scenario.
It's okay to be greedy but in moderation lol. Just kidding, yes, in spot trading it's hard to be greedy IMO, but for future that could be very possible and that won't take any days for someone to get rekt.
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Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.
Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).
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Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.
Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).
This is bad mate, I don't apply greed to what I am doing as it's a wrong mentality of someone wanting to make some specific x amount of their trading before they could exit the market which to me, I will say is not a good practice and it doesn't helps to increase our portfolio rather it would help to destroy our efforts to what we have sort for long term.
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Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.
Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).
This is bad mate, I don't apply greed to what I am doing as it's a wrong mentality of someone wanting to make some specific x amount of their trading before they could exit the market which to me, I will say is not a good practice and it doesn't helps to increase our portfolio rather it would help to destroy our efforts to what we have sort for long term.
greed is indeed the wrong mentality, because it is not in accordance with the plans and strategies that we have decided. Sometimes greed makes us lose the best opportunity to gain profit. and finally we lose which makes our portfolio decrease.
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Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.
Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).
This is bad mate, I don't apply greed to what I am doing as it's a wrong mentality of someone wanting to make some specific x amount of their trading before they could exit the market which to me, I will say is not a good practice and it doesn't helps to increase our portfolio rather it would help to destroy our efforts to what we have sort for long term.
greed is indeed the wrong mentality, because it is not in accordance with the plans and strategies that we have decided. Sometimes greed makes us lose the best opportunity to gain profit. and finally we lose which makes our portfolio decrease.
Watching someone we know pursue something too close and fail to consider the boundaries is frustrating to watch. In some cases, gaining more simply leads to the loss of what one has had; this is especially when claiming the former was insurmountable. Of course, it is always beneficial that things should turn out the way we want them to be, but when we try to impose something heavily without relative understanding of the situation, outcomes are likely to be less optimal. Lust makes people act even when it is unworthy and the result is usually regret instead of achievement of desiring wants. It is probably time to make some conclusions and perhaps, in the next similar situations we would be capable of making decisions calmly without being driven by all sorts of desires.
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Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.
Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).
I said this before and I will throw more light on the issue of greed on trading. It is importance to note that trading with small capital is a factor that brings in greed, though there are people who are naturally greedy. However, on a normal situation, a trader with large capital will likely exist the market more often than a trader with a small capital.
For example, a Trader with a capital like $10k, will likely close is position faster, with an average profit rates, than a trader with a little capital like $500.
A trader that trade with small capital will delay to close his position or take profit with a average profit and may become very greedy, because he may desired an improve profit rate to close his position when the market increases further, but will losses if the market dumps.
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Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.
Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).
In that situation, when you make a trade you should have also set a tp and sl so that whenever the price reach that price it will automatically close the position even though you are not opening the app, because I really agree that when you didn't set your tp sometimes you will be tempted to extend your tp. This also means that you didn't have a good trading plan. Greed will come quickly to those traders who didn't have a good trading plan.
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It's okay to be greedy but in moderation lol. Just kidding, yes, in spot trading it's hard to be greedy IMO, but for future that could be very possible and that won't take any days for someone to get rekt.
Lol, you are right in spot trading we at least have chance of getting a life back in that token maybe when narrative will change the money will be coming into your token and it could pump. But in Spot people can be very greedy because if they have their hands on people's funds they can use those funds to trade in spot and can lose it in memecoins or in new tokens.
The chances are still high of losing it all in spot but unlike future there is still hope in spot.
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Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.
Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).
In that situation, when you make a trade you should have also set a tp and sl so that whenever the price reach that price it will automatically close the position even though you are not opening the app, because I really agree that when you didn't set your tp sometimes you will be tempted to extend your tp. This also means that you didn't have a good trading plan. Greed will come quickly to those traders who didn't have a good trading plan.
I agree with you, we must have a plan and run it well.
People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.
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I agree with you, we must have a plan and run it well.
People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.
Implementing decisions lays down an important step on consistency, in a given aspect of human activity, especially investment. If switching strategies occurs too frequently, the chances are high that not very relevant choices are opting for. Maintaining focus on the goals and staying with the strategic plan that was developed would enable us to refrain from making wrong decisions motivated by the possibility of gaining a profit hastily. Not reacting to the movements of the market also gives the length of time within which a person can possibly make the best move without being compelled to do so. Thus, any decision that is made is still based on the initial plan and is therefore more appropriate for the conditions of a current period.
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Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.
Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).
This is bad mate, I don't apply greed to what I am doing as it's a wrong mentality of someone wanting to make some specific x amount of their trading before they could exit the market which to me, I will say is not a good practice and it doesn't helps to increase our portfolio rather it would help to destroy our efforts to what we have sort for long term.
greed is indeed the wrong mentality, because it is not in accordance with the plans and strategies that we have decided. Sometimes greed makes us lose the best opportunity to gain profit. and finally we lose which makes our portfolio decrease.
Watching someone we know pursue something too close and fail to consider the boundaries is frustrating to watch. In some cases, gaining more simply leads to the loss of what one has had; this is especially when claiming the former was insurmountable. Of course, it is always beneficial that things should turn out the way we want them to be, but when we try to impose something heavily without relative understanding of the situation, outcomes are likely to be less optimal. Lust makes people act even when it is unworthy and the result is usually regret instead of achievement of desiring wants. It is probably time to make some conclusions and perhaps, in the next similar situations we would be capable of making decisions calmly without being driven by all sorts of desires.
We should be able to note what is good for us and what Is not right for us, but instead some people never applied more carefulness or becoming more alert on their gain level or profit level to be able to utilize what they have gain already than consistently chasing after what had pass often increases their index level of greed.
Always feeling satisfactory with the profits that has been achieved is always the best to reduce point of Interest and the rate at which lose would be incurred.
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I agree with you, we must have a plan and run it well.
People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.
If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.
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If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.
I also support the plan, always stick to it no matter what, but there is also something that can be added to the plan: before making your plan, do the most important thing, determine how much money you are willing to risk and lose, because for me the money that we are willing to lose is the most important thing of all, then the plan, because if this is part of the plan, greed will never Appear, obviously that must be fulfilled if the person is very mature and has the necessary discipline to get ahead.
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If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.
I also support the plan, always stick to it no matter what, but there is also something that can be added to the plan: before making your plan, do the most important thing, determine how much money you are willing to risk and lose, because for me the money that we are willing to lose is the most important thing of all, then the plan, because if this is part of the plan, greed will never Appear, obviously that must be fulfilled if the person is very mature and has the necessary discipline to get ahead.
Important point in trading must acceptable for every trader, before trading have set up about how much for taking profit or get stop loss. If any trader have adopt it will difficult get greedy after their coins investing reach higher price and set up before how much increasing price for opening sell order.
The same way when price going down have set up before about how much percent correction for stop loss and have opportunity get recovery later buy back more lower price.
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If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.
I also support the plan, always stick to it no matter what, but there is also something that can be added to the plan: before making your plan, do the most important thing, determine how much money you are willing to risk and lose, because for me the money that we are willing to lose is the most important thing of all, then the plan, because if this is part of the plan, greed will never Appear, obviously that must be fulfilled if the person is very mature and has the necessary discipline to get ahead.
Important point in trading must acceptable for every trader, before trading have set up about how much for taking profit or get stop loss. If any trader have adopt it will difficult get greedy after their coins investing reach higher price and set up before how much increasing price for opening sell order.
The same way when price going down have set up before about how much percent correction for stop loss and have opportunity get recovery later buy back more lower price.
We do have to determine the profit target that we will take and must be consistent with that plan. However, due to lack of experience, sometimes people are greedy when they see the market trend going up and hope to get bigger profits.
We will be faced with greed when trading and I often lose the opportunity to sell and make a profit because of that greed.
Honestly, controlling emotions is as difficult as it is to do, many people think so
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If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.
I also support the plan, always stick to it no matter what, but there is also something that can be added to the plan: before making your plan, do the most important thing, determine how much money you are willing to risk and lose, because for me the money that we are willing to lose is the most important thing of all, then the plan, because if this is part of the plan, greed will never Appear, obviously that must be fulfilled if the person is very mature and has the necessary discipline to get ahead.
I also think so. When trading, a plan is a basic thing that I must have. However, it is not something that must be 1000% in accordance with what is in the plans. Because after all, market conditions can change very quickly and drastically. And when we start to realize that, we can start to see and analyze our trading that we are setting, maybe it allows us to change or do other strategies at that time. So that the main goal remains to achieve as much profit as possible.
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I agree with you, we must have a plan and run it well.
People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.
If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.
If we chase big profits then yeah we can even lose the small ones too if we don't book the big profits we can even lose the small lrofits therefore whenever we have the chanace we ahould book the small profits too.
We should not think that we can make 100$ straight from this trade
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I agree with you, we must have a plan and run it well.
People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.
If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.
If we chase big profits then yeah we can even lose the small ones too if we don't book the big profits we can even lose the small lrofits therefore whenever we have the chanace we ahould book the small profits too.
We should not think that we can make 100$ straight from this trade
I think we should have a target and be consistent with our plan. because big or small profits are according to market conditions that are difficult to predict. If I can't get big profits, I will take the opportunity to get small profits.
Because the opportunities in the crypto market for the short term are difficult to predict
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I agree with you, we must have a plan and run it well.
People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.
If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.
If we chase big profits then yeah we can even lose the small ones too if we don't book the big profits we can even lose the small lrofits therefore whenever we have the chanace we ahould book the small profits too.
We should not think that we can make 100$ straight from this trade
I think we should have a target and be consistent with our plan. because big or small profits are according to market conditions that are difficult to predict. If I can't get big profits, I will take the opportunity to get small profits.
Because the opportunities in the crypto market for the short term are difficult to predict
It is a sign of market awareness if one can actually set goals and follow them to their logical conclusion. It is a fact that price changes in digital assets can be unpredictable therefore having a system that can operate in existing conditions is explicable. But if the big profit opportunity is not yet open, obtaining a small profit is another effective step. Unfortunately, no one knows how the market will behave in the closest future, but it still makes perfect sense to take any opportunity which is present at the moment. This attitude indicates that too we have our own style of managing the assets bearing in mind the various things that could at any given moment happen.
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no one knows how the market will behave in the closest future, but it still makes perfect sense to take any opportunity which is present at the moment.
Of course, if you are not doing that as a trader, you are doing it wrong. I understand that sometimes you might get bigger profits if you stay patient, but that doesn't work all the time. Sometimes, your patience can make you regret your decision because you might lose the profits you were getting before and also lose some money on top of that. I'm saying this from experience because I have faced such situations a lot of times during trading, and I know it's better to stick with your plan instead of getting greedy.
If someone is waiting for higher profits when they are already in profit, it means they are treating trading just like gambling, and we know gambling and trading aren't the same, and they should be treated differently.
So, the best thing is to book your profits whenever you are getting them, and this is about short-term traders and not long-term ones.
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It is a sign of market awareness if one can actually set goals and follow them to their logical conclusion. It is a fact that price changes in digital assets can be unpredictable therefore having a system that can operate in existing conditions is explicable. But if the big profit opportunity is not yet open, obtaining a small profit is another effective step. Unfortunately, no one knows how the market will behave in the closest future, but it still makes perfect sense to take any opportunity which is present at the moment. This attitude indicates that too we have our own style of managing the assets bearing in mind the various things that could at any given moment happen.
Those who buy and hold coins like Bitcoin, ETH, BNB, SOL on the spot and don't sell them despite being in profit can't be called greedy. But those who invest in memecoin or hyped coins to get a quick profit but don't sell them despite the profit to make more profit or those who trade futures to multiply their funds very quickly are greedy. And such greedy people can never succeed. Sometimes they profit more than the normal trading profit but when they lose it is many times more than that. This time they can never be in profit. To get good from crypto one must have patience and at the same time have good knowledge about crypto. Just having the ability to invest is not enough to succeed in crypto.
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I agree with you, we must have a plan and run it well.
People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.
If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.
If we chase big profits then yeah we can even lose the small ones too if we don't book the big profits we can even lose the small lrofits therefore whenever we have the chanace we ahould book the small profits too.
We should not think that we can make 100$ straight from this trade
I think we should have a target and be consistent with our plan. because big or small profits are according to market conditions that are difficult to predict. If I can't get big profits, I will take the opportunity to get small profits.
Because the opportunities in the crypto market for the short term are difficult to predict
Its never been easy to predict on how this market behaves or works on which it will really be that normal that you would be commiting out mistakes and having no assurance about on the outcomes and results on which you would really be having into this market. Greediness on which its part of a human being on which at the time that you will really be seeing that you are already that making up some profits on your investments or trades but sooner or later on which you would really be able to notice out on how you would really be making out that adjustments into your trading on which you do seem that it will benefit you out. Never be greedy because once this emotions will be kicking in then it will be that so hard for you to control and you should be that mindful about into the possible outcomes that lies ahead.
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Its never been easy to predict on how this market behaves or works on which it will really be that normal that you would be commiting out mistakes and having no assurance about on the outcomes and results on which you would really be having into this market. Greediness on which its part of a human being on which at the time that you will really be seeing that you are already that making up some profits on your investments or trades but sooner or later on which you would really be able to notice out on how you would really be making out that adjustments into your trading on which you do seem that it will benefit you out. Never be greedy because once this emotions will be kicking in then it will be that so hard for you to control and you should be that mindful about into the possible outcomes that lies ahead.
It is indeed not easy to predict the movement of the crypto market, because the very volatile crypto market makes us interested in investing in crypto.
talking about greed I think we can raise the target when we see a positive trend, but it must be with the right analysis. because greed is always there, if supported by the right analysis I think this is also a form of bad emotional control, greed.
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Important point in trading must acceptable for every trader, before trading have set up about how much for taking profit or get stop loss. If any trader have adopt it will difficult get greedy after their coins investing reach higher price and set up before how much increasing price for opening sell order.
The same way when price going down have set up before about how much percent correction for stop loss and have opportunity get recovery later buy back more lower price.
Well, I have a simple strategy, at the moment when an imminent take profit is approaching, make a quick movement and it consists of that the take profit once it is reached and passed becomes a stop loss and a new goal is set, or a new objective to reach, a new take profit Taking as a base the previous take profit as a stop, I think that is the most protected thing that can be done Without risk, not going at the disposal of the bosses letting yourself be completely carried away by the Trade.
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We do have to determine the profit target that we will take and must be consistent with that plan. However, due to lack of experience, sometimes people are greedy when they see the market trend going up and hope to get bigger profits.
We will be faced with greed when trading and I often lose the opportunity to sell and make a profit because of that greed.
Honestly, controlling emotions is as difficult as it is to do, many people think so
That usually happens a lot when companies see that bitcoin goes up and up, they buy expensive thinking that they will continue earning and no, the market does not work like that, some will be lucky and yes, they earn something, but it is advisable to buy when the price is cheap or well below what the ATH was, for me it is understandable that you can buy like that, maybe companies know that btc continues to rise and that they get excited, that is normal in the markets and more so in the btc market, something like this always tends to happen.
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I think we should have a target and be consistent with our plan. because big or small profits are according to market conditions that are difficult to predict. If I can't get big profits, I will take the opportunity to get small profits.
Because the opportunities in the crypto market for the short term are difficult to predict
Let's say you joined market in November or December of 2024 and the future seems too bullish to you that you want 3x or 10x from your crypto investments (that is big target) and you planned everything and did all research to see if it is valid approach or not, meanwhile you are making 80% profit 50% profit but you plan to book big, so you are not booking that small profit, and now as of Jan and Feb all market is 40 to 50 percentage down.
That's why I said it is better to book small profit rather than going for big ones, because we can't really know the actual plan of market.
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I think we should have a target and be consistent with our plan. because big or small profits are according to market conditions that are difficult to predict. If I can't get big profits, I will take the opportunity to get small profits.
Because the opportunities in the crypto market for the short term are difficult to predict
Well, that's a given already. I mean how could a trader doesn't have a plan to start with. That's a recipe for disaster that's for sure.
What I'm doing when I'm trading is that, when I see a profit already in my position, I'm adjusting my stop loss to my entry price. For example, if I see that I'm up 20%, I'm putting my stop loss at entry price so it will be a breakeven trade (excluding fees) or I will ride the wave to either higher or lower. Whatever the case is, at least I'm risk free. Having an opportunity to get small profits would be a good thing, but you must follow the system that you have. If you believe in your analysis, you should follow it no matter what happens. Having a system that would help you will be beneficial
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Its never been easy to predict on how this market behaves or works on which it will really be that normal that you would be commiting out mistakes and having no assurance about on the outcomes and results on which you would really be having into this market. Greediness on which its part of a human being on which at the time that you will really be seeing that you are already that making up some profits on your investments or trades but sooner or later on which you would really be able to notice out on how you would really be making out that adjustments into your trading on which you do seem that it will benefit you out. Never be greedy because once this emotions will be kicking in then it will be that so hard for you to control and you should be that mindful about into the possible outcomes that lies ahead.
It is indeed not easy to predict the movement of the crypto market, because the very volatile crypto market makes us interested in investing in crypto.
talking about greed I think we can raise the target when we see a positive trend, but it must be with the right analysis. because greed is always there, if supported by the right analysis I think this is also a form of bad emotional control, greed.
This is because fast market movements compel many to increase targets as far as the prevailing trend is concerned. This is natural particularly when a number of the assets have high volatility levels. However, when decisions are taken based on impulse and not well thought out, the consequences that are realised are not as good as expected. It is pivotal to differentiate what it means to adapt an approach by means of analysis and what it means by pure pursuit of even larger rewards irrespective of the associated risks. The need for achieving results is obviously not reprehensible, particularly when it is done in an uncontrolled manner attributable to imbalance in decisions.
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I think we should have a target and be consistent with our plan. because big or small profits are according to market conditions that are difficult to predict. If I can't get big profits, I will take the opportunity to get small profits.
Because the opportunities in the crypto market for the short term are difficult to predict
Let's say you joined market in November or December of 2024 and the future seems too bullish to you that you want 3x or 10x from your crypto investments (that is big target) and you planned everything and did all research to see if it is valid approach or not, meanwhile you are making 80% profit 50% profit but you plan to book big, so you are not booking that small profit, and now as of Jan and Feb all market is 40 to 50 percentage down.
That's why I said it is better to book small profit rather than going for big ones, because we can't really know the actual plan of market.
Market is always unpredictable most times it goes sideways of your strategy, but when ever the market meets your needs take advantage of it and take what so ever profits you have accumulated being it big or small after all profits is still moving your capital no matter how little is comes. The system of the market always try to fool a lot of traders and they get into deep loss.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
- Wherever we go, greed is always there, in the back of our minds, no matter what you do, whether trading or not, as long as greed crosses your mind and you absorb it, whatever you do, the result for sure will not be good.
That's why being greedy is a matter of choice as other people here often say, even though most people know that it does not bring any good to any individual.
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Market is always unpredictable most times it goes sideways of your strategy, but when ever the market meets your needs take advantage of it and take what so ever profits you have accumulated being it big or small after all profits is still moving your capital no matter how little is comes. The system of the market always try to fool a lot of traders and they get into deep loss.
That is very true, market is trying to fool us or we can say market makers try to fool us and most of the times its the centralized exchanges who try to fool us because they have to make money from future or margin traders. If they won't do some dark stuff from their end then it would be very hard for them to make constant profit, for now it's the Trump who is dumping the market.
But in past there were many cases against Binance and some other where they said they tried to manipulate the order book, to dump the market, point is, market will make us fool either via news outlets by sharing wrong dumping or pumping news.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
- Wherever we go, greed is always there, in the back of our minds, no matter what you do, whether trading or not, as long as greed crosses your mind and you absorb it, whatever you do, the result for sure will not be good.
That's why being greedy is a matter of choice as other people here often say, even though most people know that it does not bring any good to any individual.
Agreed, greed will not bring goodness. Because this emotion makes us not focus on the goals and strategies that we have prepared, we should always stick to the plan we have. And this will often happen in our lives, especially in crypto investment, we will always face greed.
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Agreed, greed will not bring goodness. Because this emotion makes us not focus on the goals and strategies that we have prepared, we should always stick to the plan we have. And this will often happen in our lives, especially in crypto investment, we will always face greed.
Exactly, greed will make us easily rush into conclusions, over-expectations, and easily carried away by hype for profits. I read some people say we need greed to increase our ability. NO, it is not greed that must be increased, but we should increase our ability to manage risk and funds, so it is not because of greed but to our policy in drawing conclusions based on several conditions. And here, indeed, we must be able to make ourselves truly willing and sure that we are the ones who care, so there is no need for greed, it is better to install the best possible strategy according to market conditions.
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Market is always unpredictable most times it goes sideways of your strategy, but when ever the market meets your needs take advantage of it and take what so ever profits you have accumulated being it big or small after all profits is still moving your capital no matter how little is comes. The system of the market always try to fool a lot of traders and they get into deep loss.
Of course, the market easily changes because crypto price is very volatile. Moreover, the news or rumors can influence the trends in the market. It makes the worse situation in crypto market whenever there is bad news or bad rumors. So, we must be very careful and always monitor the updates of any news/rumors. When it looks like to have bad news, we are better to take profits soon if we are trading daily or holding in a short time. We sometimes need to feel satisfied to avoid missing profits. Taking profits soon is sometimes needed.
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Agreed, greed will not bring goodness. Because this emotion makes us not focus on the goals and strategies that we have prepared, we should always stick to the plan we have. And this will often happen in our lives, especially in crypto investment, we will always face greed.
Exactly, greed will make us easily rush into conclusions, over-expectations, and easily carried away by hype for profits. I read some people say we need greed to increase our ability. NO, it is not greed that must be increased, but we should increase our ability to manage risk and funds, so it is not because of greed but to our policy in drawing conclusions based on several conditions. And here, indeed, we must be able to make ourselves truly willing and sure that we are the ones who care, so there is no need for greed, it is better to install the best possible strategy according to market conditions.
I have never heard of someone being successful with greed, indeed at first they might be able to, but gradually greed will bring problems for them. Not only in trading, but in everyday life it must be avoided. I have seen how greed destroys someone's life. Initially there were siblings fighting over an inheritance and the older sibling was greedy so that the younger sibling got a small portion of what he should have, after that the older sibling was the one who lived in difficulty, even though at first he was the one who had a lot of inheritance, that is something I saw myself.
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I have never heard of someone being successful with greed, indeed at first they might be able to, but gradually greed will bring problems for them. Not only in trading, but in everyday life it must be avoided. I have seen how greed destroys someone's life. Initially there were siblings fighting over an inheritance and the older sibling was greedy so that the younger sibling got a small portion of what he should have, after that the older sibling was the one who lived in difficulty, even though at first he was the one who had a lot of inheritance, that is something I saw myself.
The story I've heard like the one you told, it often happens in our lives. Greed will bring disaster to those who can't control this bad emotion. I've also never heard of anyone succeeding because of greed. because in life do it with focus and avoid bad emotions.
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I have never heard of someone being successful with greed, indeed at first they might be able to, but gradually greed will bring problems for them. Not only in trading, but in everyday life it must be avoided. I have seen how greed destroys someone's life. Initially there were siblings fighting over an inheritance and the older sibling was greedy so that the younger sibling got a small portion of what he should have, after that the older sibling was the one who lived in difficulty, even though at first he was the one who had a lot of inheritance, that is something I saw myself.
The story I've heard like the one you told, it often happens in our lives. Greed will bring disaster to those who can't control this bad emotion. I've also never heard of anyone succeeding because of greed. because in life do it with focus and avoid bad emotions.
But no matter what, bad emotions do find their way to us in every situation we are in life, all we just have to do is deal with it and overcome it. It normal for such emotions to disturb oneself but trying to overcome and push ourselves through is the perfect way to deal with it. Especially on trading greediness normally appears is either you are trying to accumulate much profit than your strategy cause of the market went well and go as you predicted and end up getting fooled by the market and end up in loss or not having the profits you were supposed having. Let try and avoid greed most especially the newbie take the little you can from the market and be patience with time things will fall in order.
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I have never heard of someone being successful with greed, indeed at first they might be able to, but gradually greed will bring problems for them. Not only in trading, but in everyday life it must be avoided. I have seen how greed destroys someone's life. Initially there were siblings fighting over an inheritance and the older sibling was greedy so that the younger sibling got a small portion of what he should have, after that the older sibling was the one who lived in difficulty, even though at first he was the one who had a lot of inheritance, that is something I saw myself.
The story I've heard like the one you told, it often happens in our lives. Greed will bring disaster to those who can't control this bad emotion. I've also never heard of anyone succeeding because of greed. because in life do it with focus and avoid bad emotions.
Yes, that is a true story that I experienced, and there may be many similar stories out there. Actually, greed is also just an outline, because it can bring other things. For example, greed will make us jealous of what others do or what others get. Well, these kinds of traits will come if we have greed and of course it is a bad trait.
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I have never heard of someone being successful with greed, indeed at first they might be able to, but gradually greed will bring problems for them. Not only in trading, but in everyday life it must be avoided. I have seen how greed destroys someone's life. Initially there were siblings fighting over an inheritance and the older sibling was greedy so that the younger sibling got a small portion of what he should have, after that the older sibling was the one who lived in difficulty, even though at first he was the one who had a lot of inheritance, that is something I saw myself.
The story I've heard like the one you told, it often happens in our lives. Greed will bring disaster to those who can't control this bad emotion. I've also never heard of anyone succeeding because of greed. because in life do it with focus and avoid bad emotions.
In the realities of our lives it is impossible to avoid various tests of our actions and our attitude. It is a well-known fact that every action has its repercussions and it is probably true that whatever is done in the name of lust is likely to end up something other than good. Suppose that a certain person would cling to something relative to their wants but they are not able to consider the implications of it, it becomes a problem. Thus, it can be concluded that in any situation in our life we can always learn something new starting from ourselves and to the more impressive events occurring in other people’s lives. Actually, the opportunities are given in life and based on the experience which has been gained, we are to learn how to enjoy and live everything in a more calm and conscious manner.
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Yes, that is a true story that I experienced, and there may be many similar stories out there. Actually, greed is also just an outline, because it can bring other things. For example, greed will make us jealous of what others do or what others get. Well, these kinds of traits will come if we have greed and of course it is a bad trait.
That's where knowledge and the cold head come into place.
Risk management is essential to keep up the pace and not fall off eventually.
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Yes, that is a true story that I experienced, and there may be many similar stories out there. Actually, greed is also just an outline, because it can bring other things. For example, greed will make us jealous of what others do or what others get. Well, these kinds of traits will come if we have greed and of course it is a bad trait.
That's where knowledge and the cold head come into place.
Risk management is essential to keep up the pace and not fall off eventually.
Risk management is really a important aspect of trading, managing your capital will help you stays on your toes and keep managing your capital. Most newbie don’t really understand the value of managing capital they Always try to get the big bags so fast they are hasty to gain big profits not knowing it takes patience and consistency to move forward.
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Yes, that is a true story that I experienced, and there may be many similar stories out there. Actually, greed is also just an outline, because it can bring other things. For example, greed will make us jealous of what others do or what others get. Well, these kinds of traits will come if we have greed and of course it is a bad trait.
That's where knowledge and the cold head come into place.
Risk management is essential to keep up the pace and not fall off eventually.
Risk management is really a important aspect of trading, managing your capital will help you stays on your toes and keep managing your capital. Most newbie don’t really understand the value of managing capital they Always try to get the big bags so fast they are hasty to gain big profits not knowing it takes patience and consistency to move forward.
Risk management must be done to get the best out of trading. Most new traders find trading much easier than watching others profit. And they rush into trading without any analysis knowledge. Due to which they lose a lot of amount. Not everyone knows how to do risk management, especially new traders.
In terms of trading, DCA also works well. Divide your capital into several parts according to the duration of your trading. If you invest one after another, the risk of big losses is reduced. So it can be a good strategy to reduce risk by looking at trading
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Risk management is really a important aspect of trading, managing your capital will help you stays on your toes and keep managing your capital. Most newbie don’t really understand the value of managing capital they Always try to get the big bags so fast they are hasty to gain big profits not knowing it takes patience and consistency to move forward.
Cut loss is one of part including risk management in trading, I think most important how to set up risk management in trading if market out from our predicting. Get big profit in trading we must acceptable high risk but if want low risk keep trading as faster for taking profit although with few percent price raise up.
In trading we must take patience waiting market recovery or raise to higher price, don't be panic selling at lower price but try to hold as longer time until market recovery back.
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Risk management is really a important aspect of trading, managing your capital will help you stays on your toes and keep managing your capital. Most newbie don’t really understand the value of managing capital they Always try to get the big bags so fast they are hasty to gain big profits not knowing it takes patience and consistency to move forward.
Cut loss is one of part including risk management in trading, I think most important how to set up risk management in trading if market out from our predicting. Get big profit in trading we must acceptable high risk but if want low risk keep trading as faster for taking profit although with few percent price raise up.
In trading we must take patience waiting market recovery or raise to higher price, don't be panic selling at lower price but try to hold as longer time until market recovery back.
I rarely do cut loss, because if there is a price decrease I prefer to wait for the market to improve again. but it depends on our analysis and considerations to do it, because of course we must understand risk management. because the risk in trading and investing will always be there.
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Risk management is really a important aspect of trading, managing your capital will help you stays on your toes and keep managing your capital. Most newbie don’t really understand the value of managing capital they Always try to get the big bags so fast they are hasty to gain big profits not knowing it takes patience and consistency to move forward.
Cut loss is one of part including risk management in trading, I think most important how to set up risk management in trading if market out from our predicting. Get big profit in trading we must acceptable high risk but if want low risk keep trading as faster for taking profit although with few percent price raise up.
In trading we must take patience waiting market recovery or raise to higher price, don't be panic selling at lower price but try to hold as longer time until market recovery back.
Cut losses will really be only that only relevant when you do make up some futures trading but i dont see for this to be needed when you do make out some spot trading because you can eventually be able to hold up your position and as long you wont really be deciding to make out some panic selling when price drops then i dont really see any issues or problems with this one. There are really just that those times that you would really be having that urge on doing something just because you cant be able to handle up your emotions. Speaking about being greedy then its a normal thing for human being specially when dealing up with earning money but once you do have that experience then you do have that idea on what you sould gonna do.
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It is a sign of market awareness if one can actually set goals and follow them to their logical conclusion. It is a fact that price changes in digital assets can be unpredictable therefore having a system that can operate in existing conditions is explicable. But if the big profit opportunity is not yet open, obtaining a small profit is another effective step. Unfortunately, no one knows how the market will behave in the closest future, but it still makes perfect sense to take any opportunity which is present at the moment. This attitude indicates that too we have our own style of managing the assets bearing in mind the various things that could at any given moment happen.
Those who buy and hold coins like Bitcoin, ETH, BNB, SOL on the spot and don't sell them despite being in profit can't be called greedy. But those who invest in memecoin or hyped coins to get a quick profit but don't sell them despite the profit to make more profit or those who trade futures to multiply their funds very quickly are greedy. And such greedy people can never succeed. Sometimes they profit more than the normal trading profit but when they lose it is many times more than that. This time they can never be in profit. To get good from crypto one must have patience and at the same time have good knowledge about crypto. Just having the ability to invest is not enough to succeed in crypto.
Yeah, there are actually two side of a coin, those who are holding Bitcoin, BNB, Sol, Ether etc, and refuse to sell on the spot market as you mentioned could be greedy but it depends certain reasons.
Now, besides being greedy, there are coin/tokens holders who are holding Bitcoin, Sol, BNB, Ether for long term, while there are those that are holding just for few weeks or months. These sets of holders are different on their planned profit targets.
Those who are holding for few weeks or months and refused to sell even when prices has increased might be absolutely greedy, but those holding for a year or more might not be greedy because their selling time is far away, except they start closing their positions because of fear on a continuous declining market prices.
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Yes, that is a true story that I experienced, and there may be many similar stories out there. Actually, greed is also just an outline, because it can bring other things. For example, greed will make us jealous of what others do or what others get. Well, these kinds of traits will come if we have greed and of course it is a bad trait.
That's where knowledge and the cold head come into place.
Risk management is essential to keep up the pace and not fall off eventually.
Risk management is really a important aspect of trading, managing your capital will help you stays on your toes and keep managing your capital. Most newbie don’t really understand the value of managing capital they Always try to get the big bags so fast they are hasty to gain big profits not knowing it takes patience and consistency to move forward.
Risk management must be done to get the best out of trading. Most new traders find trading much easier than watching others profit. And they rush into trading without any analysis knowledge. Due to which they lose a lot of amount. Not everyone knows how to do risk management, especially new traders.
In terms of trading, DCA also works well. Divide your capital into several parts according to the duration of your trading. If you invest one after another, the risk of big losses is reduced. So it can be a good strategy to reduce risk by looking at trading
- That should be the mindset of those who enter trading, don't rush to get a profit from trading. And I also agree that risk management is one thing
that traders in the crypto business industry can really learn.
There are many things to consider when entering crypto trading, as much as possible we should have knowledge or ideas about trading so that the trading activity we will do will be proper if ever. Because this is what is really appropriate.
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Right dear, i am one of the greedy guy who buy DOT at 15$ and not sell during 2021 bullrun on 50$ , thn i sold Dot on 9$ in 2023 bear market, so please never be greedy.
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- That should be the mindset of those who enter trading, don't rush to get a profit from trading. And I also agree that risk management is one thing
that traders in the crypto business industry can really learn.
There are many things to consider when entering crypto trading, as much as possible we should have knowledge or ideas about trading so that the trading activity we will do will be proper if ever. Because this is what is really appropriate.
risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
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- That should be the mindset of those who enter trading, don't rush to get a profit from trading. And I also agree that risk management is one thing
that traders in the crypto business industry can really learn.
There are many things to consider when entering crypto trading, as much as possible we should have knowledge or ideas about trading so that the trading activity we will do will be proper if ever. Because this is what is really appropriate.
risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
That is why I am beginning to suspect that the current rise of Bitcoin is not solid enough to give confidence to the next push forward is going to happen soon. It is evident that the Bitcoin has a fairly good upward inclination but by the latest pattern from the graph there is still so much selling pressure. Each time the price is high, many people start selling so that the price drops again thereby giving them an opportunity to enter again. If other such patterns are repeated in such a scenario without any steep rise in volume, it can be argued that Bitcoin will need to undergo another round of consolidation before it gets to the next level. Thus, the market, overall mood and even world’s monetary policy may continue to put pressure on the price. Thus, I will expect another bearish wave before a more directional movement up will be observed in Bitcoin.
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Right dear, i am one of the greedy guy who buy DOT at 15$ and not sell during 2021 bullrun on 50$ , thn i sold Dot on 9$ in 2023 bear market, so please never be greedy.
Ops ,What did you do with it? This was a 333% profit on a coin purchased at $15 going to $50. Usually getting 3x profit from any coin is a big deal. When there is more than 3x profit and you refuse to take it, it is definitely an example of greed. There are great things to come from crypto but it would be foolish to expect anything extra for it. Always think of a standard profit. If you expect to get extra profit then it becomes like gambling.
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- That should be the mindset of those who enter trading, don't rush to get a profit from trading. And I also agree that risk management is one thing
that traders in the crypto business industry can really learn.
There are many things to consider when entering crypto trading, as much as possible we should have knowledge or ideas about trading so that the trading activity we will do will be proper if ever. Because this is what is really appropriate.
risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
That is why I am beginning to suspect that the current rise of Bitcoin is not solid enough to give confidence to the next push forward is going to happen soon. It is evident that the Bitcoin has a fairly good upward inclination but by the latest pattern from the graph there is still so much selling pressure. Each time the price is high, many people start selling so that the price drops again thereby giving them an opportunity to enter again. If other such patterns are repeated in such a scenario without any steep rise in volume, it can be argued that Bitcoin will need to undergo another round of consolidation before it gets to the next level. Thus, the market, overall mood and even world’s monetary policy may continue to put pressure on the price. Thus, I will expect another bearish wave before a more directional movement up will be observed in Bitcoin.
- Well, they say that when there is a consolidation in the price of bitcoin, how long or short the sideways movement is, that is also the average size of the rise and fall of its price in the market. And if I look at its history, what others are saying is also correct in this regard.
That's why until now I still wonder how scalpers can make such quick profits in such a short time, I mean in just a few minutes,
what I still don't really understand is what tools they use here.
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risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
Of course, it is one of the crucial matter in trading. Without good risk management, we may get severe losses. We need to deal with the risks, we need to have a proper approach to face the possible risks. There is no way that we can avoid to face the risks, it is something natural to have the risks in trading. The risks isn't only in trading, it is also in investment. Basically, every business, it has the level of its own risks.
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risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
Of course, it is one of the crucial matter in trading. Without good risk management, we may get severe losses. We need to deal with the risks, we need to have a proper approach to face the possible risks. There is no way that we can avoid to face the risks, it is something natural to have the risks in trading. The risks isn't only in trading, it is also in investment. Basically, every business, it has the level of its own risks.
In trading and investment, risk is never a thing of the past but rather a phenomenon that is ever present in lives. To be prepared for all types of risks, it is important to encounter risk in a manner that is planned and gradual. Indeed, this rarely happens and that sometimes the negatives which you may have expected do not negative results may not result but by planning ahead you can avoid their effects. As suggested, any decision made on any business, even more so within the market, is undoubtedly behind some level of risk that should not go unnoticed. Nevertheless, having control over this risk will make you to be stable and rational during the time that the market conditions pull down your anticipations.
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risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
True, risk management is crucial because of the risks involved in trading and other types of investments. The trader will be able to trade emotionally-free and make better decisions as a result. The trader should be able to afford to lose any money that is allocated for trading.
Trading will not always go the trader's way, and when it does, the trader loses money. Events such as these are constantly occurring, which is why it is crucial for traders to adopt risk management.
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risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
True, risk management is crucial because of the risks involved in trading and other types of investments. The trader will be able to trade emotionally-free and make better decisions as a result. The trader should be able to afford to lose any money that is allocated for trading.
Trading will not always go the trader's way, and when it does, the trader loses money. Events such as these are constantly occurring, which is why it is crucial for traders to adopt risk management.
Risk management is really important in trading because managing risk determines or defines success in trading. For this reason, it is dangerous to be involved in the Forex market without adequate control of risk due to the fact that a trader can end up trapped in a losing position. To my mind, it is equally important for a trader to know how to lose and how to lose less than an opponent. Emotions are an essential aspect of life and this shows that decisions made when emotions are cordial are more sound and well made than otherwise. Hence, having good risk management plan erected will assist the trader to remain comfortable even when faced with conditions that are contrary to the norm.
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Yes, that is a true story that I experienced, and there may be many similar stories out there. Actually, greed is also just an outline, because it can bring other things. For example, greed will make us jealous of what others do or what others get. Well, these kinds of traits will come if we have greed and of course it is a bad trait.
That's where knowledge and the cold head come into place.
Risk management is essential to keep up the pace and not fall off eventually.
Risk management is really a important aspect of trading, managing your capital will help you stays on your toes and keep managing your capital. Most newbie don’t really understand the value of managing capital they Always try to get the big bags so fast they are hasty to gain big profits not knowing it takes patience and consistency to move forward.
Getting big bags is good, if the experience is matured in the crypto trading system, otherwise, it is for the moment a blooming flower at its tender age. As important as risk management could be, so is it import to protect profits when trades are going in positive accordance. Being knowledgeable is a vital tool for good traders, while on the process, the need for other learnings like the risk management, profit protection, self-discipline (which will have to deal with the greed problem and other things that might be related), consistency etc. are some nonnegligible tools for successful trading in the crypto market.
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risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
True, risk management is crucial because of the risks involved in trading and other types of investments. The trader will be able to trade emotionally-free and make better decisions as a result. The trader should be able to afford to lose any money that is allocated for trading.
Trading will not always go the trader's way, and when it does, the trader loses money. Events such as these are constantly occurring, which is why it is crucial for traders to adopt risk management.
- It maybe a crucial one but once we learn it correctly it will be a great help to our traders for sure every time we do the trading activity we want. When we really master this risk management for sure we can teach it to other people so they can also benefit.
Because we know that its effect on us we will know how to control the profits and losses that we can experience when we do trading activity on the exchanges that we will use to trade cryptocurrency.
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- It maybe a crucial one but once we learn it correctly it will be a great help to our traders for sure every time we do the trading activity we want. When we really master this risk management for sure we can teach it to other people so they can also benefit.
Because we know that its effect on us we will know how to control the profits and losses that we can experience when we do trading activity on the exchanges that we will use to trade cryptocurrency.
In the activity of buying and selling in the market potential, predicting what may occur is an indispensable procedure. This is not leaning towards prognosis, but how we have ourselves poised for various contingencies. If we have made some conditions and agree to follow the rules we have come up with, it will not be hard to maintain stability of the desired results. Further proof from day to day experience will consolidate the impression that potential results measurement is not an addition but a part and parcel of the strategy that we are applying today. From this habit, we, too, can recommend the same to other co-workers in a way so that they do not say this activity is based on hope only. What is essential in organising steps can moreover have an actual impact to the outcome we get.
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risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
True, risk management is crucial because of the risks involved in trading and other types of investments. The trader will be able to trade emotionally-free and make better decisions as a result. The trader should be able to afford to lose any money that is allocated for trading.
Trading will not always go the trader's way, and when it does, the trader loses money. Events such as these are constantly occurring, which is why it is crucial for traders to adopt risk management.
- It maybe a crucial one but once we learn it correctly it will be a great help to our traders for sure every time we do the trading activity we want. When we really master this risk management for sure we can teach it to other people so they can also benefit.
Because we know that its effect on us we will know how to control the profits and losses that we can experience when we do trading activity on the exchanges that we will use to trade cryptocurrency.
Yes, I agree with you both. Some traders are just trading randomly , that is why they have not become profitable in trading yet. If a trader masters their emotions and also learn how to properly manage risk, then they will have more profit from trading than losses. I can remember that when I didn't know much about risk management, I had more losses than profit but now it's better. Those who are profitable in trading have already master risk management and don't allow losses be more than the profit they make.
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risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
True, risk management is crucial because of the risks involved in trading and other types of investments. The trader will be able to trade emotionally-free and make better decisions as a result. The trader should be able to afford to lose any money that is allocated for trading.
Trading will not always go the trader's way, and when it does, the trader loses money. Events such as these are constantly occurring, which is why it is crucial for traders to adopt risk management.
- It maybe a crucial one but once we learn it correctly it will be a great help to our traders for sure every time we do the trading activity we want. When we really master this risk management for sure we can teach it to other people so they can also benefit.
Because we know that its effect on us we will know how to control the profits and losses that we can experience when we do trading activity on the exchanges that we will use to trade cryptocurrency.
Yes, I agree with you both. Some traders are just trading randomly , that is why they have not become profitable in trading yet. If a trader masters their emotions and also learn how to properly manage risk, then they will have more profit from trading than losses. I can remember that when I didn't know much about risk management, I had more losses than profit but now it's better. Those who are profitable in trading have already master risk management and don't allow losses be more than the profit they make.
Well said comrade.
Thing is; when talking about risk management; investors tend to combine risk with greed.i think they are almost of the same branch.one gives birth to another basically.Before an investor takes certain decision; i think it’s important to not allow your emotions define your decisions.Emotions are tricksters i would always say.I dont take certain risks while investing just cause i would like to gain alot from that investment; I consider other basics which i think it is important to do before making some certain decisions.The platter could be very tempting but what benefit does if derive if you loose at the end?
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
I think nothing should be done greedily. Because we have seen many people who have ended their lives because of this greed. To be a successful businessman, he has to follow many rules and regulations, the person has to be controlled and he has to follow the rules of everything. Many of us are involved in investing in the stock market. Among them, there are many who invest there without knowing the details about the market. Or they enter into trading without knowing the details of the basic things about trading. As a result, they get hurt there. So I would say that if we are going to achieve success somewhere, we have to know the basic things first and then move forward. Let me know your comments.
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risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
True, risk management is crucial because of the risks involved in trading and other types of investments. The trader will be able to trade emotionally-free and make better decisions as a result. The trader should be able to afford to lose any money that is allocated for trading.
Trading will not always go the trader's way, and when it does, the trader loses money. Events such as these are constantly occurring, which is why it is crucial for traders to adopt risk management.
- It maybe a crucial one but once we learn it correctly it will be a great help to our traders for sure every time we do the trading activity we want. When we really master this risk management for sure we can teach it to other people so they can also benefit.
Because we know that its effect on us we will know how to control the profits and losses that we can experience when we do trading activity on the exchanges that we will use to trade cryptocurrency.
Yes, I agree with you both. Some traders are just trading randomly , that is why they have not become profitable in trading yet. If a trader masters their emotions and also learn how to properly manage risk, then they will have more profit from trading than losses. I can remember that when I didn't know much about risk management, I had more losses than profit but now it's better. Those who are profitable in trading have already master risk management and don't allow losses be more than the profit they make.
I also agree with you, in trading we must be able to master risk management because the risk in trading is quite high. It takes knowledge and experience in trading, including proper emotional management. because we are also always faced with bad emotions that make us not focused on making analysis and developing strategies. We must focus on several coins that we have analyzed and do not do random trading, because it will only cause losses.
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I also agree with you, in trading we must be able to master risk management because the risk in trading is quite high. It takes knowledge and experience in trading, including proper emotional management. because we are also always faced with bad emotions that make us not focused on making analysis and developing strategies. We must focus on several coins that we have analyzed and do not do random trading, because it will only cause losses.
This is something that we all indeed understand in carrying out trade activities. Any action passed will involve certain consequences; thus, prudence becomes something that is quite normal. I do agree with the statement when Augustine made in a condition where the market is in a move, one must remain composed while at the same time being aware of the event for better decision making. It will be possible to have a better approach to spending our time and to avoid wasteful actions. When actions that may appear to be insignificant are carried out over and over without a clear goal in mind, the outcome is less than desired. Hence, clarity of thought and not to be enticed by the winds of uncertainties will erratically assist in ensuring the quality of the next steps we take.
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risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.
True, risk management is crucial because of the risks involved in trading and other types of investments. The trader will be able to trade emotionally-free and make better decisions as a result. The trader should be able to afford to lose any money that is allocated for trading.
Trading will not always go the trader's way, and when it does, the trader loses money. Events such as these are constantly occurring, which is why it is crucial for traders to adopt risk management.
- It maybe a crucial one but once we learn it correctly it will be a great help to our traders for sure every time we do the trading activity we want. When we really master this risk management for sure we can teach it to other people so they can also benefit.
Because we know that its effect on us we will know how to control the profits and losses that we can experience when we do trading activity on the exchanges that we will use to trade cryptocurrency.
Yes, I agree with you both. Some traders are just trading randomly , that is why they have not become profitable in trading yet. If a trader masters their emotions and also learn how to properly manage risk, then they will have more profit from trading than losses. I can remember that when I didn't know much about risk management, I had more losses than profit but now it's better. Those who are profitable in trading have already master risk management and don't allow losses be more than the profit they make.
I also agree with you, in trading we must be able to master risk management because the risk in trading is quite high. It takes knowledge and experience in trading, including proper emotional management. because we are also always faced with bad emotions that make us not focused on making analysis and developing strategies. We must focus on several coins that we have analyzed and do not do random trading, because it will only cause losses.
Risk management is a very important aspect In trading cause without risk management then you will end up being a trader without a capital, even on your first trade if you don’t apply risk management then your capital can get swept that same day. Knowledge is also a key aspect In trading without knowledge then you ain’t a trader you are just a gambler trying to predict the market and at the end you will face alot of depression and emotional pain cause you will be in a very dip thoughts.
Every trader should apply risk management to your trading either you have big equity or small equity risk management is really necessary and knowledge will keep you going and progress you with profitable entry’s.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
I agree on that the number one reason of losing in trading is greed, many traders wanted to earn a big profit that is why even if they already earn they don't stop because they want to earn more and they only realized it when they already loss including the capital,this is the most common problem of the trader specially to those who are newbie they can't control emotions and they will end up losing even if expert repeatedly say that control your greed and emotions but still newbies did not understand.
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I agree on that the number one reason of losing in trading is greed, many traders wanted to earn a big profit that is why even if they already earn they don't stop because they want to earn more and they only realized it when they already loss including the capital,this is the most common problem of the trader specially to those who are newbie they can't control emotions and they will end up losing even if expert repeatedly say that control your greed and emotions but still newbies did not understand.
One of the things that causes traders to experience losses is greed. And another thing that often causes traders to experience losses is haste. Sometimes novice traders don't want to wait to see more markets worth trading. So they often act aggressively and this causes them to experience losses more quickly. Even though when they are lucky, sometimes they also get quick profits. But that's quite rare.
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I agree on that the number one reason of losing in trading is greed, many traders wanted to earn a big profit that is why even if they already earn they don't stop because they want to earn more and they only realized it when they already loss including the capital,this is the most common problem of the trader specially to those who are newbie they can't control emotions and they will end up losing even if expert repeatedly say that control your greed and emotions but still newbies did not understand.
One of the things that causes traders to experience losses is greed. And another thing that often causes traders to experience losses is haste. Sometimes novice traders don't want to wait to see more markets worth trading. So they often act aggressively and this causes them to experience losses more quickly. Even though when they are lucky, sometimes they also get quick profits. But that's quite rare.
Yes you are right, one of the reasons why a prominent trader loses money and faces losses is greed. Many traders are losing their money due to this greed. Many times when they invest in a currency, they invest too quickly without checking its future properly, and as a result, they lose their money. Although this greed is actually inside every person, we should try to avoid it, and after looking at the future well, we can move forward.
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I agree on that the number one reason of losing in trading is greed, many traders wanted to earn a big profit that is why even if they already earn they don't stop because they want to earn more and they only realized it when they already loss including the capital,this is the most common problem of the trader specially to those who are newbie they can't control emotions and they will end up losing even if expert repeatedly say that control your greed and emotions but still newbies did not understand.
One of the things that causes traders to experience losses is greed. And another thing that often causes traders to experience losses is haste. Sometimes novice traders don't want to wait to see more markets worth trading. So they often act aggressively and this causes them to experience losses more quickly. Even though when they are lucky, sometimes they also get quick profits. But that's quite rare.
yueah greed is very dangerous and can throw away our best opportunities or chances to make a profit. I agree with this opinion because several times I have experienced losses because I delayed selling my coins because I was greedy to get higher profits and it turned out that the market experienced a long correction.
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I agree on that the number one reason of losing in trading is greed, many traders wanted to earn a big profit that is why even if they already earn they don't stop because they want to earn more and they only realized it when they already loss including the capital,this is the most common problem of the trader specially to those who are newbie they can't control emotions and they will end up losing even if expert repeatedly say that control your greed and emotions but still newbies did not understand.
One of the things that causes traders to experience losses is greed. And another thing that often causes traders to experience losses is haste. Sometimes novice traders don't want to wait to see more markets worth trading. So they often act aggressively and this causes them to experience losses more quickly. Even though when they are lucky, sometimes they also get quick profits. But that's quite rare.
yueah greed is very dangerous and can throw away our best opportunities or chances to make a profit. I agree with this opinion because several times I have experienced losses because I delayed selling my coins because I was greedy to get higher profits and it turned out that the market experienced a long correction.
- Some traders ignore greed, instead they baby it or nurture it to grow into their personality as individual traders. This is also their problem in reality. So, I think greed will never go away. It's just there all around us, if we don't get rid of it, it won't control us for sure.
Everyone in the crypto community, particularly in the trading industry, knows that I don't know if others are just letting greed get to them or maybe they don't notice that greed is already having an opportunity to absorb them as individuals.
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I agree on that the number one reason of losing in trading is greed, many traders wanted to earn a big profit that is why even if they already earn they don't stop because they want to earn more and they only realized it when they already loss including the capital,this is the most common problem of the trader specially to those who are newbie they can't control emotions and they will end up losing even if expert repeatedly say that control your greed and emotions but still newbies did not understand.
One of the things that causes traders to experience losses is greed. And another thing that often causes traders to experience losses is haste. Sometimes novice traders don't want to wait to see more markets worth trading. So they often act aggressively and this causes them to experience losses more quickly. Even though when they are lucky, sometimes they also get quick profits. But that's quite rare.
yueah greed is very dangerous and can throw away our best opportunities or chances to make a profit. I agree with this opinion because several times I have experienced losses because I delayed selling my coins because I was greedy to get higher profits and it turned out that the market experienced a long correction.
Everyone in the crypto community, particularly in the trading industry, knows that I don't know if others are just letting greed get to them or maybe they don't notice that greed is already having an opportunity to absorb them as individuals.
As far as I know, everyone in the crypto community has more or less greed. Maybe some have less and some have more. But we have to control this greed within ourselves. When we want to do something, we should do it based on our financial situation. Even though I face a loss here, we should try to do better in the future, and it would not be right for us to make the same mistake again even after facing losses here.
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I agree on that the number one reason of losing in trading is greed, many traders wanted to earn a big profit that is why even if they already earn they don't stop because they want to earn more and they only realized it when they already loss including the capital,this is the most common problem of the trader specially to those who are newbie they can't control emotions and they will end up losing even if expert repeatedly say that control your greed and emotions but still newbies did not understand.
One of the things that causes traders to experience losses is greed. And another thing that often causes traders to experience losses is haste. Sometimes novice traders don't want to wait to see more markets worth trading. So they often act aggressively and this causes them to experience losses more quickly. Even though when they are lucky, sometimes they also get quick profits. But that's quite rare.
yueah greed is very dangerous and can throw away our best opportunities or chances to make a profit. I agree with this opinion because several times I have experienced losses because I delayed selling my coins because I was greedy to get higher profits and it turned out that the market experienced a long correction.
Everyone in the crypto community, particularly in the trading industry, knows that I don't know if others are just letting greed get to them or maybe they don't notice that greed is already having an opportunity to absorb them as individuals.
As far as I know, everyone in the crypto community has more or less greed. Maybe some have less and some have more. But we have to control this greed within ourselves. When we want to do something, we should do it based on our financial situation. Even though I face a loss here, we should try to do better in the future, and it would not be right for us to make the same mistake again even after facing losses here.
- Maybe we can only control greed if we don't let it enter our minds and let it control us. What I mean is for us to control greed, let's not let it slip through the cracks so that greed can control us. You know how greediness attacks, we don't realize it has already entered us.
Then we all experience losses here in the crypto space, all we really need is like you mentioned, we should improve even more next time, right?
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- Maybe we can only control greed if we don't let it enter our minds and let it control us. What I mean is for us to control greed, let's not let it slip through the cracks so that greed can control us. You know how greediness attacks, we don't realize it has already entered us.
Then we all experience losses here in the crypto space, all we really need is like you mentioned, we should improve even more next time, right?
The best way to control greed is if you don't let greed consume you and how do you do that? It's by making sure you don't stick too much eyes in everything. If you are profitable and you have plan on taking the profit, take it and don't be greedy to look for more. You can always come back again after planning the next move and similarly for losses.
The problem about greed is that money and human been can't be separated, the love and husle for money makes people do unpredictable things that at a point when they make the money they don't even know when to exit or take the profit they have made and at the end, they lose everything they have made in the end.
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- Maybe we can only control greed if we don't let it enter our minds and let it control us. What I mean is for us to control greed, let's not let it slip through the cracks so that greed can control us. You know how greediness attacks, we don't realize it has already entered us.
Then we all experience losses here in the crypto space, all we really need is like you mentioned, we should improve even more next time, right?
The best way to control greed is if you don't let greed consume you and how do you do that? It's by making sure you don't stick too much eyes in everything. If you are profitable and you have plan on taking the profit, take it and don't be greedy to look for more. You can always come back again after planning the next move and similarly for losses.
The problem about greed is that money and human been can't be separated, the love and husle for money makes people do unpredictable things that at a point when they make the money they don't even know when to exit or take the profit they have made and at the end, they lose everything they have made in the end.
The main cause of getting trapped by greed is that most people are never content with what they have attained. Sometimes, society becomes too eager for something more and does not take into consideration the consequences that can be fatal. With this I think that it is very appropriate to embrace the fact that at some point propoer planning can enable one to stop and relish the results to be seen. Greed is something that denies us the ability to manage the decisions we make effectively and we are likely to land on the receiving end. It is much better to think and not act sometimes than act recklessly in order to expand the organisation but without the necessary precautions.
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The main cause of getting trapped by greed is that most people are never content with what they have attained. ry precautions.
- This is right, most people are not satisfied when they are enjoying a profit, they already have earnings, there is an opportunity to release it, and stop but because of greediness they were prevented from stopping when they should have, but they continued because they thought they would get even more.
We should really learn to be satisfied when we see that we already have a profit. Especially since we are in the crypto trading industry, and learn to always apply caution so that the capital assets we have are not wasted.
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I agree on that the number one reason of losing in trading is greed, many traders wanted to earn a big profit that is why even if they already earn they don't stop because they want to earn more and they only realized it when they already loss including the capital,this is the most common problem of the trader specially to those who are newbie they can't control emotions and they will end up losing even if expert repeatedly say that control your greed and emotions but still newbies did not understand.
One of the things that causes traders to experience losses is greed. And another thing that often causes traders to experience losses is haste. Sometimes novice traders don't want to wait to see more markets worth trading. So they often act aggressively and this causes them to experience losses more quickly. Even though when they are lucky, sometimes they also get quick profits. But that's quite rare.
yueah greed is very dangerous and can throw away our best opportunities or chances to make a profit. I agree with this opinion because several times I have experienced losses because I delayed selling my coins because I was greedy to get higher profits and it turned out that the market experienced a long correction.
Everyone in the crypto community, particularly in the trading industry, knows that I don't know if others are just letting greed get to them or maybe they don't notice that greed is already having an opportunity to absorb them as individuals.
As far as I know, everyone in the crypto community has more or less greed. Maybe some have less and some have more. But we have to control this greed within ourselves. When we want to do something, we should do it based on our financial situation. Even though I face a loss here, we should try to do better in the future, and it would not be right for us to make the same mistake again even after facing losses here.
sometimes someone lusts for the big profit he is looking for but he is not aware that the big profit he is looking for will bring him to the abyss and make him bankrupt, we must be aware of this because we must control our emotions and desires in trading. it is better for us to make a strategy on how to make a lot of money and divide our capital into several parts so as not to fall into deep failure.
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There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.
Greed is a weakness in human life that can cause great harm if not controlled properly. And greed turns a person's well-planned life into hell. If a greedy person cannot control his mind, he pushes his life into darkness and greed not only causes personal harm but also creates chaos in his society. The main reason for creating inequality, corruption and others is greed. Greed is a big weakness that a person cannot even imagine. We only know that only because of greed, people lie, cheat and want to snatch the rights of others. And to control this greed, we have to be moderate and religion, Islamic hadith and philosophy quotes teach us to be content with what we have and not to expect more.
Especially when we trade with the cryptocurrency market, we have to control our Greed. Because when we want to analyze a currency, without observing it properly, we invest there to earn money quickly and later we face losses there. So it is not right for us to do anything out of greed. We have to analyze what we are going to do properly and then we move forward.
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- Some traders ignore greed, instead they baby it or nurture it to grow into their personality as individual traders. This is also their problem in reality. So, I think greed will never go away. It's just there all around us, if we don't get rid of it, it won't control us for sure.
Everyone in the crypto community, particularly in the trading industry, knows that I don't know if others are just letting greed get to them or maybe they don't notice that greed is already having an opportunity to absorb them as individuals.
I think they don't keep it, but they are too late or have not realized that they are greedy. I think I have been in that position before I finally realized that it was greed.
Unless they already know that they are wrong but they continue to do it. But I am sure that most people do not want to be like that, but they find it difficult to control it.
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- Some traders ignore greed, instead they baby it or nurture it to grow into their personality as individual traders. This is also their problem in reality. So, I think greed will never go away. It's just there all around us, if we don't get rid of it, it won't control us for sure.
Everyone in the crypto community, particularly in the trading industry, knows that I don't know if others are just letting greed get to them or maybe they don't notice that greed is already having an opportunity to absorb them as individuals.
I think they don't keep it, but they are too late or have not realized that they are greedy. I think I have been in that position before I finally realized that it was greed.
Unless they already know that they are wrong but they continue to do it. But I am sure that most people do not want to be like that, but they find it difficult to control it.
It takes experience to control greed, because greed will always be there and learning emotional management takes a lot of practice.
At the beginning of investing and trading, I was often greedy to the point of missing the best opportunity to make a profit,
and by starting to have knowledge, experience and understanding the character of the crypto market, I was finally able to control bad emotions such as greed
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sometimes someone lusts for the big profit he is looking for but he is not aware that the big profit he is looking for will bring him to the abyss and make him bankrupt, we must be aware of this because we must control our emotions and desires in trading. it is better for us to make a strategy on how to make a lot of money and divide our capital into several parts so as not to fall into deep failure.
But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.
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But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.
Greed perhaps occurs especially when it seems that one is close to making a very big profit, which is among the tricky things to overcome. I have experienced it myself sometimes and that is probably why it is hard to restrain oneself from taking more risks in business and more profits to gain. But, the more I became able to control that feeling, it showed me the usefulness of self discipline in bringing about result oriented outcome. Some things can be planned that will be of help, but personal discipline is better when incorporated into that plan. Thus, we refrain from getting more at the moment, but actually this approach allows a more rational plan to emerge.
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But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.
Greed perhaps occurs especially when it seems that one is close to making a very big profit, which is among the tricky things to overcome. I have experienced it myself sometimes and that is probably why it is hard to restrain oneself from taking more risks in business and more profits to gain. But, the more I became able to control that feeling, it showed me the usefulness of self discipline in bringing about result oriented outcome. Some things can be planned that will be of help, but personal discipline is better when incorporated into that plan. Thus, we refrain from getting more at the moment, but actually this approach allows a more rational plan to emerge.
Many novice traders fail because they cannot control their greed. But for those who can ultimately control their greed and always remain firm in carrying out the plans they have made. So usually he will become a professional trader who can regulate his own emotions. I can sometimes control that greed. But sometimes I can't. The point is that I haven't been consistent in this matter. If you can do it then that is a very good success.
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But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.
Greed can be controlled if you have clear targets ahead of yourself.
It can't hit you when you are working toward a goal, not something that is not seen or well-thought: many become greedy if they see green and it only rises, only to plummit in one swift go.
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But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.
Greed can be controlled if you have clear targets ahead of yourself.
It can't hit you when you are working toward a goal, not something that is not seen or well-thought: many become greedy if they see green and it only rises, only to plummit in one swift go.
Well of course greed can be controlled. Especially if someone has a very high level of discipline. And yes, one of the reasons we can control greed is when we already have a goal or target that has been created or has been included in our trading plan. Such as price targets and so on. But there are times when we go outside the plans that have been made when we are not disciplined and lose because of our greed.
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But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.
Greed can be controlled if you have clear targets ahead of yourself.
It can't hit you when you are working toward a goal, not something that is not seen or well-thought: many become greedy if they see green and it only rises, only to plummit in one swift go.
Well of course greed can be controlled. Especially if someone has a very high level of discipline. And yes, one of the reasons we can control greed is when we already have a goal or target that has been created or has been included in our trading plan. Such as price targets and so on. But there are times when we go outside the plans that have been made when we are not disciplined and lose because of our greed.
Some, unfortunately, are getting thoughts of profiting bigger if they hold just for a day or two more - whereas it may end in theirs positions minus or its end entirely.
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But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.
Greed can be controlled if you have clear targets ahead of yourself.
It can't hit you when you are working toward a goal, not something that is not seen or well-thought: many become greedy if they see green and it only rises, only to plummit in one swift go.
Sadly, not all traders don't have any clear targets at all. Having a target means having a take profit price, but at the same time, having a stop-loss as well.
Speaking of stop-loss, just imagine those who lost their money when they entered a long position on OM a few days ago. They entered without any stop-loss hence, they got liquidated. They got liquidated at a time where they didn't expect they will. If you put a stop-loss on it, you will end up losing fewer money than if you didn't. For me, not having a stop-loss equals the definition of being greedy because you're trying to get the maximum amount of profits that you can get. Yes, having a stop-loss might not be a requirement if you're watching the token's price movement.
Overall, being greedy is quite common, but learning how not to be to is doable. You just need to have more experience. :)
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But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.
Greed can be controlled if you have clear targets ahead of yourself.
It can't hit you when you are working toward a goal, not something that is not seen or well-thought: many become greedy if they see green and it only rises, only to plummit in one swift go.
Sadly, not all traders don't have any clear targets at all. Having a target means having a take profit price, but at the same time, having a stop-loss as well.
Speaking of stop-loss, just imagine those who lost their money when they entered a long position on OM a few days ago. They entered without any stop-loss hence, they got liquidated. They got liquidated at a time where they didn't expect they will. If you put a stop-loss on it, you will end up losing fewer money than if you didn't. For me, not having a stop-loss equals the definition of being greedy because you're trying to get the maximum amount of profits that you can get. Yes, having a stop-loss might not be a requirement if you're watching the token's price movement.
Overall, being greedy is quite common, but learning how not to be to is doable. You just need to have more experience. :)
A experience trader can be so greedy to. Most experience traders don’t use stop loss and they get wiped out by the market. Greediness isn’t about experience or not I can come into trading now and make use of stop loss and take profits that makes me not greedy and trying to build my capital. But making use of tp and sl is really a perfect way to avoid bigger and loss and gain profitable entry.
Practicing the stop loss and take profits tool will guide you through the road of trading.
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I think they don't keep it, but they are too late or have not realized that they are greedy. I think I have been in that position before I finally realized that it was greed.
Unless they already know that they are wrong but they continue to do it. But I am sure that most people do not want to be like that, but they find it difficult to control it.
It takes experience to control greed, because greed will always be there and learning emotional management takes a lot of practice.
At the beginning of investing and trading, I was often greedy to the point of missing the best opportunity to make a profit,
and by starting to have knowledge, experience and understanding the character of the crypto market, I was finally able to control bad emotions such as greed
Well that's the point, as time goes by we will definitely find something wrong and that is what can ultimately make us better in the future.
Everyone has a greedy nature in them, it's just that some people can control it because they are knowledgeable and experienced enough so that they can suppress something that can lead us into a bad situation, one of which is greed.
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Sadly, not all traders don't have any clear targets at all. Having a target means having a take profit price, but at the same time, having a stop-loss as well.
Speaking of stop-loss, just imagine those who lost their money when they entered a long position on OM a few days ago. They entered without any stop-loss hence, they got liquidated. They got liquidated at a time where they didn't expect they will. If you put a stop-loss on it, you will end up losing fewer money than if you didn't. For me, not having a stop-loss equals the definition of being greedy because you're trying to get the maximum amount of profits that you can get. Yes, having a stop-loss might not be a requirement if you're watching the token's price movement.
Overall, being greedy is quite common, but learning how not to be to is doable. You just need to have more experience. :)
The desire to make as much money as is humanly possible can quickly cause us to set aside many of the fundamental elements in trading which include utilising the stop loss. Without such an identified loss limit then one is able to lose as much as he or she should not afford to lose. Unfortunately, when the prices start moving in the opposite direction of the forecasts, the traders who failed to set up a stop loss end up holding the position due to greed or excessive hope. Unfortunately, many people have realised the use of such a strategy as a stop loss, as it leads to constant small losses, but at the same time can protect from large losses. Despite getting the feeling that one is in charge of the market, uncertainties always lurk around the corner. Hence, successful risk management is also the only proper way to carry on the business in the long term, averting certain percentages of profit at times.
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Well that's the point, as time goes by we will definitely find something wrong and that is what can ultimately make us better in the future.
Everyone has a greedy nature in them, it's just that some people can control it because they are knowledgeable and experienced enough so that they can suppress something that can lead us into a bad situation, one of which is greed.
yeah right. But it seems that the more experienced we are in trading, the more skilled we will be at being able to control our emotions in trading, such as greed itself. And another emotion that is quite difficult to control is fear. And the fear of being left behind sometimes makes many novice traders become Fomo and buy when the price has reached its peak. And usually experienced traders no longer suffer from Fomo. Because they know Fomo can also ruin their trading.
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But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.
Greed can be controlled if you have clear targets ahead of yourself.
It can't hit you when you are working toward a goal, not something that is not seen or well-thought: many become greedy if they see green and it only rises, only to plummit in one swift go.
Sadly, not all traders don't have any clear targets at all. Having a target means having a take profit price, but at the same time, having a stop-loss as well.
Speaking of stop-loss, just imagine those who lost their money when they entered a long position on OM a few days ago. They entered without any stop-loss hence, they got liquidated. They got liquidated at a time where they didn't expect they will. If you put a stop-loss on it, you will end up losing fewer money than if you didn't. For me, not having a stop-loss equals the definition of being greedy because you're trying to get the maximum amount of profits that you can get. Yes, having a stop-loss might not be a requirement if you're watching the token's price movement.
Overall, being greedy is quite common, but learning how not to be to is doable. You just need to have more experience. :)
A experience trader can be so greedy to. Most experience traders don’t use stop loss and they get wiped out by the market. Greediness isn’t about experience or not I can come into trading now and make use of stop loss and take profits that makes me not greedy and trying to build my capital. But making use of tp and sl is really a perfect way to avoid bigger and loss and gain profitable entry.
Practicing the stop loss and take profits tool will guide you through the road of trading.
- I don't think all experienced traders fall into greediness, although maybe the majority of traders don't put SL most of the time and sometimes I do it when I forget before I go to sleep. This has happened to me a few times.
That's why I also agree with what you said that it's really good to practice putting SL when we carry out trading activity here in the crypto market that we are in.
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Well that's the point, as time goes by we will definitely find something wrong and that is what can ultimately make us better in the future.
Everyone has a greedy nature in them, it's just that some people can control it because they are knowledgeable and experienced enough so that they can suppress something that can lead us into a bad situation, one of which is greed.
yeah right. But it seems that the more experienced we are in trading, the more skilled we will be at being able to control our emotions in trading, such as greed itself. And another emotion that is quite difficult to control is fear. And the fear of being left behind sometimes makes many novice traders become Fomo and buy when the price has reached its peak. And usually experienced traders no longer suffer from Fomo. Because they know Fomo can also ruin their trading.
Of course, because with the experience we have, we will become more aware of what we can do to control something negative in trading, namely emotions.
As we all know, experience is very important in the journey of life, in this case for trading. The longer we trade, the more our knowledge and skills should increase to do better trading.
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Of course, because with the experience we have, we will become more aware of what we can do to control something negative in trading, namely emotions.
As we all know, experience is very important in the journey of life, in this case for trading. The longer we trade, the more our knowledge and skills should increase to do better trading.
I agree. The more a trader trades the more experience gets. This is important because trading is both a mental and technical game and the mental and technical ability of the trader can go a long way in determining how a gambler controls his emotions which is as important as reading trading charts and following the trends in the charts.
I think that everything in trading revolves around the trader's emotions. When a trader experiences fear and greed, his trading style changes because his trading is undoubtedly influenced by his emotions.
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Of course, because with the experience we have, we will become more aware of what we can do to control something negative in trading, namely emotions.
As we all know, experience is very important in the journey of life, in this case for trading. The longer we trade, the more our knowledge and skills should increase to do better trading.
I agree. The more a trader trades the more experience gets. This is important because trading is both a mental and technical game and the mental and technical ability of the trader can go a long way in determining how a gambler controls his emotions which is as important as reading trading charts and following the trends in the charts.
I think that everything in trading revolves around the trader's emotions. When a trader experiences fear and greed, his trading style changes because his trading is undoubtedly influenced by his emotions.
In trading it requires experience, so it is recommended that we always practice in trading, because it takes a need to dance at Crypto.
Being an expert or professional takes time, so we must be foksu in learning it. Analysis and strategies that we make must be appropriate in order to be able to make maximum profits in trade.
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In trading it requires experience, so it is recommended that we always practice in trading, because it takes a need to dance at Crypto.
Being an expert or professional takes time, so we must be foksu in learning it. Analysis and strategies that we make must be appropriate in order to be able to make maximum profits in trade.
Experience is needed, but experience will always improve along with the increasing number of our trading. Experts or professional traders, they must already trade for many times, so they have a lot of experience. But they must already pass the process of learning, and they will keep learning forever. Even experts, there is no term of stopping from learning.
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Of course, because with the experience we have, we will become more aware of what we can do to control something negative in trading, namely emotions.
As we all know, experience is very important in the journey of life, in this case for trading. The longer we trade, the more our knowledge and skills should increase to do better trading.
I agree. The more a trader trades the more experience gets. This is important because trading is both a mental and technical game and the mental and technical ability of the trader can go a long way in determining how a gambler controls his emotions which is as important as reading trading charts and following the trends in the charts.
I think that everything in trading revolves around the trader's emotions. When a trader experiences fear and greed, his trading style changes because his trading is undoubtedly influenced by his emotions.
Well, we also have to be able to evaluate our trading results, both when we lose and when we win. I think it is very important to make us able to re-analyze the results of our trading, of course the goal is to be better.
The problem is when we are lazy to make an evaluation, that is what can be dangerous in my opinion. For example, when we win, well, that can make us think that we are very capable, even though we are not at that level yet.
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Well, we also have to be able to evaluate our trading results, both when we lose and when we win. I think it is very important to make us able to re-analyze the results of our trading, of course the goal is to be better.
The problem is when we are lazy to make an evaluation, that is what can be dangerous in my opinion. For example, when we win, well, that can make us think that we are very capable, even though we are not at that level yet.
Balancing profit and losses is important for a trader but this is something that most traders ignore. When they are profiting they tie it to their skill and ignore any form of evaluation. It is only when there are losses that a trader is bothered about knowing the causes of the loss.
To me, this is not right. Regardless of whether trading goes the right way or not it is always good for a trader to evaluate his trade. Even when there are profits, it is still necessary to trace what was done rightly if it is market conditions or strategy.
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Well, we also have to be able to evaluate our trading results, both when we lose and when we win. I think it is very important to make us able to re-analyze the results of our trading, of course the goal is to be better.
The problem is when we are lazy to make an evaluation, that is what can be dangerous in my opinion. For example, when we win, well, that can make us think that we are very capable, even though we are not at that level yet.
Balancing profit and losses is important for a trader but this is something that most traders ignore. When they are profiting they tie it to their skill and ignore any form of evaluation. It is only when there are losses that a trader is bothered about knowing the causes of the loss.
To me, this is not right. Regardless of whether trading goes the right way or not it is always good for a trader to evaluate his trade. Even when there are profits, it is still necessary to trace what was done rightly if it is market conditions or strategy.
that's the right thing to do whether in a profitable or loss situation we must evaluate our trading. because with the evaluation we do, we can find out the accuracy of the analysis and strategy we use. when we profit, we can find out how to maximize future profits. and when we suffer a loss, the evaluation we do so as not to make the same mistake.
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Well, we also have to be able to evaluate our trading results, both when we lose and when we win. I think it is very important to make us able to re-analyze the results of our trading, of course the goal is to be better.
The problem is when we are lazy to make an evaluation, that is what can be dangerous in my opinion. For example, when we win, well, that can make us think that we are very capable, even though we are not at that level yet.
Balancing profit and losses is important for a trader but this is something that most traders ignore. When they are profiting they tie it to their skill and ignore any form of evaluation. It is only when there are losses that a trader is bothered about knowing the causes of the loss.
To me, this is not right. Regardless of whether trading goes the right way or not it is always good for a trader to evaluate his trade. Even when there are profits, it is still necessary to trace what was done rightly if it is market conditions or strategy.
that's the right thing to do whether in a profitable or loss situation we must evaluate our trading. because with the evaluation we do, we can find out the accuracy of the analysis and strategy we use. when we profit, we can find out how to maximize future profits. and when we suffer a loss, the evaluation we do so as not to make the same mistake.
It is a must as I said at the beginning, and even when we profit our evaluation can be directed to be more optimal as you said.
Moreover, when we profit, it does not mean that in the next trade we will get the same profit, because losses will always go hand in hand. That is why this is important because it allows us to minimize the risk that we will face next.
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But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.
Greed can be controlled if you have clear targets ahead of yourself.
It can't hit you when you are working toward a goal, not something that is not seen or well-thought: many become greedy if they see green and it only rises, only to plummit in one swift go.
Sadly, not all traders don't have any clear targets at all. Having a target means having a take profit price, but at the same time, having a stop-loss as well.
Speaking of stop-loss, just imagine those who lost their money when they entered a long position on OM a few days ago. They entered without any stop-loss hence, they got liquidated. They got liquidated at a time where they didn't expect they will. If you put a stop-loss on it, you will end up losing fewer money than if you didn't. For me, not having a stop-loss equals the definition of being greedy because you're trying to get the maximum amount of profits that you can get. Yes, having a stop-loss might not be a requirement if you're watching the token's price movement.
Overall, being greedy is quite common, but learning how not to be to is doable. You just need to have more experience. :)
- That is the sad and not a good habit for a trader, in which we are supposed to have a clear plan and a clear target for why we are going to trade. Yes, we are there that we aim to get profit, but we must have a timeframe for when and where we will take a position and exit.
Just like what happened with OM, which was really burned, the men who were liquidated by them, particularly other whale investors who can be
said to have really trusted OM.
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- That is the sad and not a good habit for a trader, in which we are supposed to have a clear plan and a clear target for why we are going to trade. Yes, we are there that we aim to get profit, but we must have a timeframe for when and where we will take a position and exit.
Just like what happened with OM, which was really burned, the men who were liquidated by them, particularly other whale investors who can be
said to have really trusted OM.
for a trader, you must have a clear target and we must remain consistent with that target, because sometimes greed also makes us change the target that has been determined. and that often happens, especially when the market trend is good, sometimes we are greedy and increase the selling target. and finally lose the best opportunity to sell, so we experience losses.
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- That is the sad and not a good habit for a trader, in which we are supposed to have a clear plan and a clear target for why we are going to trade. Yes, we are there that we aim to get profit, but we must have a timeframe for when and where we will take a position and exit.
Trading is not something that is done haphazardly; it requires precision and a well-structured plan. Just like it is said that he who fails to plan, plan to fail. This is applicable to a trader in that a trader who does not have a well-structured plan cannot profit from trading. Even when there is profit, it may not be properly channeled until it is lost. This loss may be the result of making decisions based on emotions rather than a plan or strategy.
This is bad because trading is best done in a systematic manner because the goal of trading is to make a profit, and a trader must lay out clear plans to make that profit.
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- That is the sad and not a good habit for a trader, in which we are supposed to have a clear plan and a clear target for why we are going to trade. Yes, we are there that we aim to get profit, but we must have a timeframe for when and where we will take a position and exit.
Trading is not something that is done haphazardly; it requires precision and a well-structured plan. Just like it is said that he who fails to plan, plan to fail. This is applicable to a trader in that a trader who does not have a well-structured plan cannot profit from trading. Even when there is profit, it may not be properly channeled until it is lost. This loss may be the result of making decisions based on emotions rather than a plan or strategy.
This is bad because trading is best done in a systematic manner because the goal of trading is to make a profit, and a trader must lay out clear plans to make that profit.
Usually newbies will be having this kind of realization at the moment that they do experience for themselves about losing up money into their trades. Usually we do become that too optimistic about making money with trading but we do know that on the moment that they will be able to experience on whats the real deal on dealing with volatile space. We are the ones who do made those mistakes just because we've been that expecting too much. We are the ones who do made out such decisions basing up into our mentality and on the things that we've been able to learn up. You would be that making out acts on which supposedly that needing up to at the moment or time that you had that able to make out such experience and adjust accordingly. So it will be that up to you into this aspect.
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Trading is not something that is done haphazardly; it requires precision and a well-structured plan. Just like it is said that he who fails to plan, plan to fail. This is applicable to a trader in that a trader who does not have a well-structured plan cannot profit from trading. Even when there is profit, it may not be properly channeled until it is lost. This loss may be the result of making decisions based on emotions rather than a plan or strategy.
This is bad because trading is best done in a systematic manner because the goal of trading is to make a profit, and a trader must lay out clear plans to make that profit.
Trading without a proper strategy is always a recipe for disaster since the trading decisions will be made on impulse. I believe most failed traders don’t take their time to think about long-term investment opportunities as they always pull the trigger to look for high return on their investments. Anything in trading is unpredictable but what we need to always do is to minimise risk and try to look for an opportunity where it exist. This way we will not be confused or perceive things emotionally but we will just follow the rules of the plan for succeeding in the market. Every trade should not be conducted impulsively but rather it should be done by following a certain pattern.
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for a trader, you must have a clear target and we must remain consistent with that target, because sometimes greed also makes us change the target that has been determined. and that often happens, especially when the market trend is good, sometimes we are greedy and increase the selling target. and finally lose the best opportunity to sell, so we experience losses.
Of course, every trader must have a clear target for each their assets. It is true that this will make sure to avoid greedy. If we have a clear target, we can sell our assets immediately when it reaches the target. It will be different if we have no target, we may always wait for a higher price. This may lead us to miss taking profits. At the end of the day, we may regret it because the bullish period can be over at any time. Sure, this also avoid to have severe losses.
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The truth is trading actually requires high level precision and setting targets so you that you don't end up losing your your assets for being greedy but I've also decided to risk it all few times and 80% of these times I was "greedy" I ended up getting more profits than I would've taken if I was following my routine trading strategies. As a trader, sometimes, you just need to be greedy to make excess profit but don't just make it a habitual thing and also, learn how to be strategic whenever you want to risk it all so you can manage your losses of things doesn't go your way.
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The truth is trading actually requires high level precision and setting targets so you that you don't end up losing your your assets for being greedy but I've also decided to risk it all few times and 80% of these times I was "greedy" I ended up getting more profits than I would've taken if I was following my routine trading strategies. As a trader, sometimes, you just need to be greedy to make excess profit but don't just make it a habitual thing and also, learn how to be strategic whenever you want to risk it all so you can manage your losses of things doesn't go your way.
It is satisfying to trust one’s instinct to make big decisions at the right time. The fact that you are capable of turning into an opportunity aspects that some individuals might deem dangerous proved that you do understand when it is time to be an extra step and when it is time to be safe. It is also correct that in the life there are instances when one can have big gains out of a particular deal but one should not indulge in such practise. Let me point out, that you are brave, still, you know that something bad can happen. That awareness will assist you to be alert in planning on what next step to take. They prove that you are not only greedy for the money but looking for the result with the ability of developing through the process.
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Being greedy is never good and has never made anyone a better person if not worse,being greedy in every aspect of life isn't advisable and will cost you more than you think you can get and you will make bad decisions you will regret, but you see in trading being greedy ruins everything from your strategy your confidence your capital and install doubt and trauma of the money lost previously then subsequently destroys your trading career. So never be greedy and take what the market and your strategy has given you and take a break from the market.
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Being greedy is never good and has never made anyone a better person if not worse,being greedy in every aspect of life isn't advisable and will cost you more than you think you can get and you will make bad decisions you will regret, but you see in trading being greedy ruins everything from your strategy your confidence your capital and install doubt and trauma of the money lost previously then subsequently destroys your trading career. So never be greedy and take what the market and your strategy has given you and take a break from the market.
Greediness lead to failure and negativity when one practice greediness then he really has a long way to go cause that character is very bad and all it brings is negativity and failure. When you become greedy in trading you will lose interest in everything both your strategy and the trading overall like you will despair many things about trading and your analysis won’t work fine for you cause you apply greediness to the strategy. But when you take what the market has to offer despite it not loss take it and enjoy slowly but surely you account will move even if it just a dollar that add each day just keep on taking it don’t rush and don’t be greedy to become a profitable trader.
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Being greedy is never good and has never made anyone a better person if not worse,being greedy in every aspect of life isn't advisable and will cost you more than you think you can get and you will make bad decisions you will regret, but you see in trading being greedy ruins everything from your strategy your confidence your capital and install doubt and trauma of the money lost previously then subsequently destroys your trading career. So never be greedy and take what the market and your strategy has given you and take a break from the market.
Greediness lead to failure and negativity when one practice greediness then he really has a long way to go cause that character is very bad and all it brings is negativity and failure. When you become greedy in trading you will lose interest in everything both your strategy and the trading overall like you will despair many things about trading and your analysis won’t work fine for you cause you apply greediness to the strategy. But when you take what the market has to offer despite it not loss take it and enjoy slowly but surely you account will move even if it just a dollar that add each day just keep on taking it don’t rush and don’t be greedy to become a profitable trader.
You are right and the most suprise and heartbreaking thing about it is that some people especially new trader don't even know that the are being greedy because they don't even know the market structure enough to take profits at the potential resistance or support levels,this should be spoken about more.