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Author Topic: Don't get greedy, Just take the already earned profit and leave.  (Read 20005 times)

Offline gunhell16

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #195 on: December 25, 2024, 04:16:18 PM »
Have been human nature with greedy exactly their trading position earn much profitable, but I have bad experienced with greedy make me loss all much profitable with altcoin holding. Must take the already profitable earn or if believing with coin get potential raise more higher price take profit around 50% of assets and left amount hold it.
Actually I won't make the same mistake any more after many coins losses much profitable with greedy and not take profit as soon possible when getting chance.
Get limitation amount for taking profit in trading or investing, if some one get greedy will blame for taking profit until their disappointed one day later after price returning down.
As a human being then the more the better and if we do see the opportunity on making money then we will really be diving into it even if it means that it does involved that more risks on which this is a normal approach as a trader. Its important that you do really know on what you've been dealing into so that at the time that you will be having such bad experiences then you do expect for these outcomes but its true that we should be able to control our self greed because this is what usually that makes us put up on bad situation due into this kind of situation but of course if you can take on the risks then go ahead and try it out because you wont be having any progress or opportunity on making money if you cant risks out on taking up such action.

It's just like this dude: as traders here in the crypto industry, it's not necessary that a trader should tradeEvery day, for me, it's just that you know how to enter the right opportunity, because there is the right timing in trading to get a profit.

Others, because they just do trading even though they don't have enough knowledge, but they still continue because greediness exists in their minds,
so in the end the result is no profit is obtained.
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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #195 on: December 25, 2024, 04:16:18 PM »

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #196 on: December 25, 2024, 05:34:37 PM »
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #196 on: December 25, 2024, 05:34:37 PM »

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #197 on: December 25, 2024, 06:50:13 PM »
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
Lots of profits can never make you rich only money management can make you rich.  When one trades, if he is greedy, no amount of profit can give him satisfaction because he will think of getting more.  Because of which he will never be rich despite making profits because crypto is never stable.  So any time you lose all your profits along with your own capital if you continue to hold more without getting satisfaction despite making profits.  So learning money management is very important if you want to be financially strong.
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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #198 on: December 25, 2024, 07:40:24 PM »
Have been human nature with greedy exactly their trading position earn much profitable, but I have bad experienced with greedy make me loss all much profitable with altcoin holding. Must take the already profitable earn or if believing with coin get potential raise more higher price take profit around 50% of assets and left amount hold it.
Actually I won't make the same mistake any more after many coins losses much profitable with greedy and not take profit as soon possible when getting chance.
Get limitation amount for taking profit in trading or investing, if some one get greedy will blame for taking profit until their disappointed one day later after price returning down.
As a human being then the more the better and if we do see the opportunity on making money then we will really be diving into it even if it means that it does involved that more risks on which this is a normal approach as a trader. Its important that you do really know on what you've been dealing into so that at the time that you will be having such bad experiences then you do expect for these outcomes but its true that we should be able to control our self greed because this is what usually that makes us put up on bad situation due into this kind of situation but of course if you can take on the risks then go ahead and try it out because you wont be having any progress or opportunity on making money if you cant risks out on taking up such action.
There is no limit to what people want and get because they are never satisfied with their achievements. The more they get, the more their interest increases. That is why the first thing that should be given importance is control. Those who cannot control themselves will not be satisfied with the amount they achieve.

Among investors, there are many investors whose investment returns came but they held them for more returns at that time. But later they lost their investment. If someone cannot take the right decision at the right time, then there is a high chance of losing. I will not say that it is possible to get good results in investing in crypto without risk, but there must be a balance between the investment and the investor's expectations.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #199 on: December 25, 2024, 08:30:11 PM »
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
Everyone in investing must have their own satisfaction if what is targeted is achieved, for the short term I do not target much, only about 10% profit. but for the long term I target up to 30-40%. I think this is a reasonable target.
even though we have to wait a long time, but we must have a target that according to our analysis makes sense. because if it is too high we will be disappointed if it is not achieved.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #200 on: December 25, 2024, 08:52:50 PM »
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
Lots of profits can never make you rich only money management can make you rich.  When one trades, if he is greedy, no amount of profit can give him satisfaction because he will think of getting more.  Because of which he will never be rich despite making profits because crypto is never stable.  So any time you lose all your profits along with your own capital if you continue to hold more without getting satisfaction despite making profits.  So learning money management is very important if you want to be financially strong.
Learning financial management and always focusing allows us to make a profit, even though we sometimes lose with changes that are not in accordance with what we predicted because that's how the crypto market is very volatile. Greed will make us lose the opportunity to achieve the targets we want, and of course to get rich in crypto is not easy, it all takes a process.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #201 on: December 25, 2024, 11:49:27 PM »
Learning financial management and always focusing allows us to make a profit, even though we sometimes lose with changes that are not in accordance with what we predicted because that's how the crypto market is very volatile. Greed will make us lose the opportunity to achieve the targets we want, and of course to get rich in crypto is not easy, it all takes a process.
Mastering the financial management is a must, it is the fundamental in each investment field. In crypto, it is also needed because it will make us more secure in investment. Without good financial management, we may waste the profits and we can't optimize the funds in crypto investment. Moreover if we becomes greedy, we may use all the money for shitcoins. This may end up with a severe loss. So, we must divide the funds allocation for the crypto investment. it is a part of financial management.


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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #201 on: December 25, 2024, 11:49:27 PM »


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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #202 on: December 26, 2024, 12:21:50 PM »
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
Lots of profits can never make you rich only money management can make you rich.  When one trades, if he is greedy, no amount of profit can give him satisfaction because he will think of getting more.  Because of which he will never be rich despite making profits because crypto is never stable.  So any time you lose all your profits along with your own capital if you continue to hold more without getting satisfaction despite making profits.  So learning money management is very important if you want to be financially strong.

Taking any profit does not apply for me. It is not about greed. I would better be more selective what I purchase and be more confident in my purchase, than quickly grab any already earned profit. Tactics of being more cautious when buying and holding suits me better than buy randomly and sell as soon as I see first profit. When buying, I am already ok with considering that I have lost my money, so I give myself a little room to risk and to hold longer.
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Offline Celsius

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #203 on: January 06, 2025, 12:44:12 AM »
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.
This may be a trading principle where you don't get greedy but learn to take what you can profit from and you don't get too greedy and give up. There are many traders who make good profits in their initial trading, but those traders end up losing money instead of making profits because they are overly greedy. All these traders must remember that trading is not about being overly greedy, but rather about taking a break from trading for a while after making the amount of profit you can.
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Online Findingnemo

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #204 on: January 06, 2025, 08:12:46 AM »
Taking any profit does not apply for me. It is not about greed. I would better be more selective what I purchase and be more confident in my purchase, than quickly grab any already earned profit. Tactics of being more cautious when buying and holding suits me better than buy randomly and sell as soon as I see first profit. When buying, I am already ok with considering that I have lost my money, so I give myself a little room to risk and to hold longer.
The choice between sell and hold really depends on what coin is in the play, if it's bitcoin then we can say I am going to aim for more profits but if it's a coin that has been trending recently like a memecoin or NFT wave that gives very little room to make profit and crash down to zero so we need to be aware of what coins we hold and make decisions based on that.
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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #205 on: January 06, 2025, 10:46:23 AM »
Taking any profit does not apply for me. It is not about greed. I would better be more selective what I purchase and be more confident in my purchase, than quickly grab any already earned profit. Tactics of being more cautious when buying and holding suits me better than buy randomly and sell as soon as I see first profit. When buying, I am already ok with considering that I have lost my money, so I give myself a little room to risk and to hold longer.
The choice between sell and hold really depends on what coin is in the play, if it's bitcoin then we can say I am going to aim for more profits but if it's a coin that has been trending recently like a memecoin or NFT wave that gives very little room to make profit and crash down to zero so we need to be aware of what coins we hold and make decisions based on that.

Bitcoin's biggest ATH should happen in 2025 - after all of the bullish events that are anticipated are going to happen for real.
So regarding it - you should totally stick and hold it, it will make your position much better in the long run of this bull run.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #206 on: January 06, 2025, 10:59:02 AM »
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.
Greed is one problem but I think the major problem is lack of discipline

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #207 on: January 06, 2025, 11:39:23 AM »
Whenever I see topic name, something inside me always wants to came out and say that why would I be satisfied with already earned profit? This is definitely not about greed, I am more curious why would any profit should be what satisfies me. Based on how we look and think about topic name, its idea might be sell as soon as you see a positive change in balance, which is x1.01. That is not what I want. I dont want every crypto purchase to bring me x999, but 15-30% seems a fair reward for a wait.
Well, that's it, friend. And every person or every trader has their own target which they have made according to the plan they made after making the analysis. Either technically or fundamentally. For medium-term traders, the minimum target is usually above 15%. but for day traders, whatever percentage it is, as long as it is profitable, they will usually take it. So yeah, it all depends on what we do in the short term or medium term.

Offline gunhell16

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #208 on: January 07, 2025, 01:05:45 PM »
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.

Your thoughts and feelings are right dude, actually, greed should not be allowed to enter our minds as a trader. As long as anyone is going to do trading activities in futures or derivatives, I think it is enough that you only do trading in bitcoin pairs and not in other altcoins.

Because the risk is really high and you will be liquidated quickly for sure if you do that, unless you are one of the trading experts,
you can do that though there is still a risk to it.
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Online Mr. Magkaisa

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #209 on: January 08, 2025, 07:03:36 PM »
Have been human nature with greedy exactly their trading position earn much profitable, but I have bad experienced with greedy make me loss all much profitable with altcoin holding. Must take the already profitable earn or if believing with coin get potential raise more higher price take profit around 50% of assets and left amount hold it.
Actually I won't make the same mistake any more after many coins losses much profitable with greedy and not take profit as soon possible when getting chance.
Get limitation amount for taking profit in trading or investing, if some one get greedy will blame for taking profit until their disappointed one day later after price returning down.
As a human being then the more the better and if we do see the opportunity on making money then we will really be diving into it even if it means that it does involved that more risks on which this is a normal approach as a trader. Its important that you do really know on what you've been dealing into so that at the time that you will be having such bad experiences then you do expect for these outcomes but its true that we should be able to control our self greed because this is what usually that makes us put up on bad situation due into this kind of situation but of course if you can take on the risks then go ahead and try it out because you wont be having any progress or opportunity on making money if you cant risks out on taking up such action.

       -     Honestly, there are many opportunities here in the cryptocurrency industry. The only problem with other communities that enter the crypto space is that they think all crypto assets are good opportunities for them. In which is where they are wrong about that matter, in reality.

Of course, before we believe in such things, we should first do some research so that we have an idea of ​​the cryptos that we see or hear on various social media platforms. That's why some people always say to always be vigilant as investors in which is true, not really.

 

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