Don't get greedy, Just take the already earned profit and leave.

[gunhell16]

Those who have trading knowledge and are professionals certainly already have a well-designed trading plan.
They know when they need to stop and take profits without a follow-up plan, but it's done repeatedly.

Indeed. Professional traders must have plans for their trading activities. They have the target for taking profits, they know how to choose the best strategy, and they know when the right time to buy coins. They also must have alternative ways when they are likely hard to get enough profits.

But if they keep losing more than expected, they keep delaying selling and in the end there will be a lot of losses,
here trading psychology will continue to play and this becomes a continuing loss.

Delaying for selling will purely depend on the coins. If it is for the top coins with strong fundamentals, it is no problem to keep delaying. But if it is shitcoins, then it is a very wrong way to delay selling the coins when the prices are good.

Having a target profit in trading is important, but a trader cannot have such a plan. In addition to this, it is also important that we do not lose control of our emotions because when this happens, it is for sure that instead of gaining profit, we will lose because of this matter.

because it helps a lot when we have proper control of our emotions we can't be without emotions when we do actual trades on a crypto exchange in this field.

[LUCKMCFLY]

There is something that we should take advantage of, because our wealth can be affected when we don't do it and that is precisely the greed, when we are Greedy we can't do much, look for every profit or something we have because if we don't know how to take advantage of it because we want more and more, and sometimes this can't affect the things we do, it's not just about winning and withdrawing money than Winning and keep investing everything in trading or in the casino, because that's something we're not confident with things, and that's what we have to do change it , we Cannot be inventing doing things like this, because we simply stop Making money.

And when we stop earning money, it is because we are doing very bad things, we must do so that our money flows and we can do everything better, find the best way of doing things so that the money tries to multiply.

[dekafee79]

Having a target profit in trading is important, but a trader cannot have such a plan. In addition to this, it is also important that we do not lose control of our emotions because when this happens, it is for sure that instead of gaining profit, we will lose because of this matter.

because it helps a lot when we have proper control of our emotions we can't be without emotions when we do actual trades on a crypto exchange in this field.

Emotional management is important for investors, both trading and holding. What often requires skills in managing emotions is trading, because it is done every day. Because we can lose big if we use emotions when trading.

[Aanuoluwatofunmi]

Many of us will not want to go by this in taking the profit and leave after a successful trading experience, instead, we will want to do more and continue so that we can have more money to earn at the process, but things doesn't really work like that in reality, we have to deal with the greed in us in other not to accumulate on losses or eventually being to loose the earnings we have made already on the previous successful trades.

[Jamal Aezaz]

Emotional management is important for investors, both trading and holding. What often requires skills in managing emotions is trading, because it is done every day. Because we can lose big if we use emotions when trading.

Yes management of emotions is very important to be successful in trading and investment and those who decide according to their greed and other emotions instead of using their learned lesson then they will see huge loss in future.

Investment needs patience but I think in trading there is no opportunity to think with patience and everyone has to work according to market situations and have to decide as soon as possible whereas in investment if you see price goes down then the best option is to hold it more to avoid losses.

[EthereumDev_]

Many of us will not want to go by this in taking the profit and leave after a successful trading experience, instead, we will want to do more and continue so that we can have more money to earn at the process, but things doesn't really work like that in reality, we have to deal with the greed in us in other not to accumulate on losses or eventually being to loose the earnings we have made already on the previous successful trades.

Even though in Cryptocurrency everything is possible and profits can be obtained quickly, I don't think anyone will want to quit cryptocurrency when they see the success that is finally achieved with several experiences that require a lot of capital. The experience that has been gained has good potential to become a Professional traders will make you richer.

[Captain Corporate]

At this point, being greedy is what keeps the market going right now. People are not only stopped selling, but they are actually buying even more as well. I feel like that has to be something quite important, its really the best way to go. I realize that it takes some time, but we should probably consider the situation to be quite well off, and that should be the best way to keep it going. If we all just took profit and left, who would carry the price. I think the best way to move forward would be just not realizing what we do and that has to be just keep on buying more and more for bigger profit and be greedy.

[dekafee79]

At this point, being greedy is what keeps the market going right now. People are not only stopped selling, but they are actually buying even more as well. I feel like that has to be something quite important, its really the best way to go. I realize that it takes some time, but we should probably consider the situation to be quite well off, and that should be the best way to keep it going. If we all just took profit and left, who would carry the price. I think the best way to move forward would be just not realizing what we do and that has to be just keep on buying more and more for bigger profit and be greedy.

I think I agree with your opinion, greed is what keeps the crypto market running. The desire to buy and the desire to make a profit by selling. but we must not overdo it and must be based on accurate analysis.

[Gideon99]

I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.

It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.

You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).

Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.

Remember this golden rules, greed is not good when trading. It's very tempting to HODL your crypto investment when price is soaring, when hoping to make more profit. Always remember steady win and slow volatility.

[milewilda]

There are known lines and sayings that could be read up online about investing.

"You wont be rich if you wont TP"
"You wont be rich if you cant hold"

These sayings are totally contradictory to each other and this is why it would really be that so hard on what you should gonna follow.
This is why it would really be just that depending on how well you would really be able to make up decisions which it would really be basing
up on the things that you do need to know.

[dekafee79]

Remember this golden rules, greed is not good when trading. It's very tempting to HODL your crypto investment when price is soaring, when hoping to make more profit. Always remember steady win and slow volatility.

Greed will always bother people who think more rationally. because it's a bad emotion. advises us to always set a sell target when holding HOLD, because when the target is reached and we feel satisfied with the profits we have achieved, let it go. We can retry corrections when they are corrected.

[ajiz138]

Remember this golden rules, greed is not good when trading. It's very tempting to HODL your crypto investment when price is soaring, when hoping to make more profit. Always remember steady win and slow volatility.

Greed will always bother people who think more rationally. because it's a bad emotion. advises us to always set a sell target when holding HOLD, because when the target is reached and we feel satisfied with the profits we have achieved, let it go. We can retry corrections when they are corrected.

As humans, we will definitely have the trait of greed, because it is a trait that is ingrained in us. We must try to get rid of this trait by controlling ourselves as best as possible.

One way that we can control ourselves is by continuing to increase our knowledge and learn from experience. At first I also tended to follow greed, but I was slowly able to control it as my knowledge and experience increased. I'm sure it works fine.

[DAMKAR]

As humans, we will definitely have the trait of greed, because it is a trait that is ingrained in us. We must try to get rid of this trait by controlling ourselves as best as possible.

One way that we can control ourselves is by continuing to increase our knowledge and learn from experience. At first I also tended to follow greed, but I was slowly able to control it as my knowledge and experience increased. I'm sure it works fine.

You are right that with experience we can control bad emotions such as greed. Greed will make us irrational in analyzing the market so that we can experience losses. suggests we should learn from the mistakes of being greedy in the past

[Aanuoluwatofunmi]

This is very common with trading that the moment the traders are seeing profits coming in, they always never want to go out of the market because it sweets when one is making profits and to withdraw from such is not what most wanted, but we also often forget that the more we stay the more the risk for things to change around and we begin to loose till we realized we have gone too far on losses, its advised that once we make little profits, we should leave and plan for the other time, but greed and love for money will not allow us.

[taufik123]

Emotional management is important for investors, both trading and holding. What often requires skills in managing emotions is trading, Because we can lose big if we use emotions when trading.

Emotional management or trading psychology will be the determining factor whether there will be profits made or not.
A professional won't even always have such emotional stability that they can't maximize their profits.

For beginners, they tend to panic too much when prices continue to fall, let alone knowing about FUD that starts to appear,
then many will make stupid sales so that they make unwanted losses.

Trading requires technical analysis, fundamentals and emotional control or psychology, it is absolutely necessary.