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

[taufik123]

If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.

It should also be based on the strategy to be carried out, as it is not easy to make trades that are frequent enough or can be said to be a scalping method by taking advantage of each price fluctuation to profit little by little.

Those who are too greedy are indeed only targeting big profits without seeing whether it will risk for bigger losses or even have no value at all.

[LogitechMouse]

If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.

It should also be based on the strategy to be carried out, as it is not easy to make trades that are frequent enough or can be said to be a scalping method by taking advantage of each price fluctuation to profit little by little.

Those who are too greedy are indeed only targeting big profits without seeing whether it will risk for bigger losses or even have no value at all.

Well, if you can afford to lose that capital that you have in trading then you can be greedy at some point. After all, being greedy is always a part of ourselves as human beings.

I agree though that having a strategy and not relying on your emotions is a good approach because like you said, it's not easy to make trades, and I already experienced that myself. I also experienced many mistakes already in trading. Revenge trading, trading without any strategy, trading basing on what I feel, etc. It ended up badly for me. Being greedy is bad, but in rare occasions, being greedy can be a good thing... only if you made money from that trade.

[dekafee79]

If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.

It should also be based on the strategy to be carried out, as it is not easy to make trades that are frequent enough or can be said to be a scalping method by taking advantage of each price fluctuation to profit little by little.

Those who are too greedy are indeed only targeting big profits without seeing whether it will risk for bigger losses or even have no value at all.

Well, if you can afford to lose that capital that you have in trading then you can be greedy at some point. After all, being greedy is always a part of ourselves as human beings.

I agree though that having a strategy and not relying on your emotions is a good approach because like you said, it's not easy to make trades, and I already experienced that myself. I also experienced many mistakes already in trading. Revenge trading, trading without any strategy, trading basing on what I feel, etc. It ended up badly for me. Being greedy is bad, but in rare occasions, being greedy can be a good thing... only if you made money from that trade.

In trading we must focus on making analysis and strategies, avoid revenge trading because it certainly does not use the right analysis because it uses emotions. Avoid bad emotions such as greed because it will make us lose opportunities and not in accordance with the initial target and plan.

[omori]

If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.

Expectations should stay at bay, they should correspond to the real picture on the market. So when we see our targets reached - we don't press on, we take what we deserve.

[taufik123]

Well, if you can afford to lose that capital that you have in trading then you can be greedy at some point. After all, being greedy is always a part of ourselves as human beings.

I agree though that having a strategy and not relying on your emotions is a good approach because like you said, it's not easy to make trades, and I already experienced that myself. I also experienced many mistakes already in trading. Revenge trading, trading without any strategy, trading basing on what I feel, etc. It ended up badly for me. Being greedy is bad, but in rare occasions, being greedy can be a good thing... only if you made money from that trade.

It will always be part of human nature but everyone will have their own level of greed.
Greed that causes more losses needs to be well controlled, because that will be the way to spend all the money.

Revenge trading, trading without a strategy and the like is just a trading journey to get better at trading.
The tone needs to find the right rhythm and a method that really suits you.
It's not just about greed but how to control trades to get more profits

[DavetJack]

If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.

Expectations should stay at bay, they should correspond to the real picture on the market. So when we see our targets reached - we don't press on, we take what we deserve.

When we invest in a currency, we invest thinking that we can get a good benefit from this currency. Yes, of course, we who are small traders have it in our heads that if we make a little profit from it, we will lower our investment currency and we do not have this in our mind that we will hold it for a long time and have a chance to succeed from it. But if we see our older brothers, if they hold a currency, they do it for a long time. So that they can succeed from this currency, they have this in their mind. So I would say that if we hold a currency for a long time according to our ability, then we will have a chance to succeed..

[bettercrypto]

Well, if you can afford to lose that capital that you have in trading then you can be greedy at some point. After all, being greedy is always a part of ourselves as human beings.

I agree though that having a strategy and not relying on your emotions is a good approach because like you said, it's not easy to make trades, and I already experienced that myself. I also experienced many mistakes already in trading. Revenge trading, trading without any strategy, trading basing on what I feel, etc. It ended up badly for me. Being greedy is bad, but in rare occasions, being greedy can be a good thing... only if you made money from that trade.

It will always be part of human nature but everyone will have their own level of greed.
Greed that causes more losses needs to be well controlled, because that will be the way to spend all the money.

Revenge trading, trading without a strategy and the like is just a trading journey to get better at trading.
The tone needs to find the right rhythm and a method that really suits you.
It's not just about greed but how to control trades to get more profits

Greed because we know it can enter our minds, I mean it doesn't choose anyone as long as we let it control our thoughts, we are sure that we are not aware
that we are under control of greediness.

That's why it won't disappear no matter where we go, that's why our emotions we must be able to control it ourselves and use it correctly so that in the end we won't be the one affected.

[taufik123]

Greed because we know it can enter our minds, I mean it doesn't choose anyone as long as we let it control our thoughts, we are sure that we are not aware
that we are under control of greediness.
-snip-

When greed is under control you can find it difficult to understand how to stop it.
Everyone does have their level of greed, but if it is allowed to continue, it will have an even worse impact.

I may initially be a trader and investor who is too panicked and sometimes greed comes in when the price target is reached and still wants the price higher, it will be a problem in the end when a market reversal happens so there will be more losses due to greed.

[LUCKMCFLY]

Yes, this is the best advice, only take the benefits, the profits that you get, and always operate with a balance that you are willing to lose, it is very Similar to when you play in a casino, you only have to risk the money that you are willing to lose, and nothing more.

To achieve that you have to have a good plan, a plan that follows the letter without breaking it, I think that is the biggest secret, but to get there you have to take it as it is, and follow your own rules.

[dekafee79]

Greed because we know it can enter our minds, I mean it doesn't choose anyone as long as we let it control our thoughts, we are sure that we are not aware
that we are under control of greediness.
-snip-

When greed is under control you can find it difficult to understand how to stop it.
Everyone does have their level of greed, but if it is allowed to continue, it will have an even worse impact.

I may initially be a trader and investor who is too panicked and sometimes greed comes in when the price target is reached and still wants the price higher, it will be a problem in the end when a market reversal happens so there will be more losses due to greed.

I used to have bad emotions, panic and greed when I first invested in crypto. Wanting to sell at a higher price without proper analysis and strategy so I experienced many losses. Finally, experience makes us remain calm and always consistent with the plans and strategies that we have set at the beginning. that's a common thing when we first get to know investing in crypto.

[sampoerna]

I used to have bad emotions, panic and greed when I first invested in crypto. Wanting to sell at a higher price without proper analysis and strategy so I experienced many losses. Finally, experience makes us remain calm and always consistent with the plans and strategies that we have set at the beginning. that's a common thing when we first get to know investing in crypto.

Me too, it seems like there are many people like this. and this is a natural thing when you are just starting to play in crypto. it's just that, it will be different when we have felt it and we know what we can take from evaluating these mistakes, experiences, and also the next steps. It is also gradual, improving and evaluating yourself, strategy, and increasing knowledge about crypto. this is indeed quite complicated, but that's what happens. The main thing is that we have been changing and we are now much better than what we have done in the past, that probably make us lost some money at first

[DavetJack]

Greed because we know it can enter our minds, I mean it doesn't choose anyone as long as we let it control our thoughts, we are sure that we are not aware
that we are under control of greediness.
-snip-

When greed is under control you can find it difficult to understand how to stop it.
Everyone does have their level of greed, but if it is allowed to continue, it will have an even worse impact.

I may initially be a trader and investor who is too panicked and sometimes greed comes in when the price target is reached and still wants the price higher, it will be a problem in the end when a market reversal happens so there will be more losses due to greed.

I used to have bad emotions, panic and greed when I first invested in crypto. Wanting to sell at a higher price without proper analysis and strategy so I experienced many losses. Finally, experience makes us remain calm and always consistent with the plans and strategies that we have set at the beginning. that's a common thing when we first get to know investing in crypto.

When we come to crypto as a newbie, we think that this crypto world is very easy. But when we come to investing and start investing slowly, we feel when it will increase and when we will be able to make a profit. But what we think is the opposite of the market, if we go towards growth like this, we see that it is coming towards coma, and when we think it will decrease, it goes towards growth, so we face losses again and again. And later when we lose, when we bring the market into our hands, we get an idea about the market, experience, then we can make a profit, slowly when we become deeply attracted to crypto, we do not feel that we are successful here. But initially when we come to the market, we think that if we can gain a little experience, then we will be successful.

[Stuart]

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).

Controlling emotion and greed when trading is very important, and you having a feeling of taking caution on your demo account, despite it's not your real capital or trading account is vital, which can help in situations of such when using your real account.

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.

Taking profit is the very best way to stay out of the market reversal, which could wipe out one's entire capital. But knowing how to use TAKE PROFITS and STOP LOSS can be a very helping tool. This will help one to reduce the rate of losses when trading, and at every profit taking point, if there be the presences of greed, adjust both tools to secure profits and manage losses even in the presence of greed.

[New Ranger]

If we are in greed, we can't possibly place that take profit. Because our hopes are too high where it is an impossible price, the point is if we have a lack of character then any price will be less. Unlike traders who take profits even though they are small but often, this is what is called a smart trader.

It can be seen from the character of the current trader with small capital, but if he comes with large capital, the percentage of profit will be set small and logical. the security and stability of the investment required and after calculating the average per year of trading or investment, the figure was included in his initial investment planning plan and even more than he had expected.

[Dr.Bitcoin_Strange]

Taking profit is the very best way to stay out of the market reversal, which could wipe out one's entire capital. But knowing how to use TAKE PROFITS and STOP LOSS can be a very helping tool. This will help one to reduce the rate of losses when trading, and at every profit taking point, if there be the presences of greed, adjust both tools to secure profits and manage losses even in the presence of greed.

Most of the times, it’s not as if the traders actually intend to involve greed from the onset while trading, some traders don’t even know when greed sets in, they only get to realize it when they’ve eventually secured quite a significant amount of loss for themselves as a result of greed, that’s when they only get to realize that it was due to their greed. So to salvage this situation, just as you tightly suggested, it’s important to know and prioritize using the TP and SL features while trading because most times, our emotions can play tricks on us and we may not be able to manually cut our losses or take profits when we see them.