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

[LUCKMCFLY]

To make a profit is to be consistent and cold toward what you do.
So greed is not an option there - only your target should be your priority to work towards.

Yes, this is a fact, things will always be seen well when one Leaves greed aside, greed is the mother of all bad things, only when it appears we do not even realize it , because it is seen as a positive desire, but that somehow corrupts our logic, that is why always before Making any move in the game we must set these, as soon as we have some profit or more just throw them away, even if it is little, but do not fall into the fact that you must win too much.

[Dr.Bitcoin_Strange]

I will say most of them were in greed and for the greed they don't even do the good analysis before making the investment. So we have to stay aways from greed specially when we were in trading or investing in crypto.

Yeah when you allow greed get the best part of you when trading, what it does is that, it’ll block your rational thinking and also block your ability to come up with a reasonable solution to a situation, it also gives you an impaired judgment, making it hard for you to take profits even when you see them, you might at that moment think about how much you’ve lost in trading and then the first thing that’ll pop into your mind is recovering all those losses through that single trade, so you’ll allow the trade and hope that you hit a 100x.

[Vx1]

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.

As traders we must be smart, just take the profit even though it is not much. let it be small if we can do it repeatedly later the amount will be large. But it is difficult to apply, unless we are really experienced in this cryptocurrency trading.

[milewilda]

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.

As traders we must be smart, just take the profit even though it is not much. let it be small if we can do it repeatedly later the amount will be large. But it is difficult to apply, unless we are really experienced in this cryptocurrency trading.

Easy to say but it will really be that hard when you are on such situation on which it will be that a huge issue for most people is that on the time or moment that you are really that on profitable moment , then the primary thing that comes up into your mind is on how to make even more profits. Contentment is something that will really be that a huge issue for us traders or investors on which we are really that wanting or aiming for something more. Getting contented is hard because the moment that you are making money then you are asking for more, that a common human being nature on wanting to have more money and thats not shocking.

[Crypto Library]

[quote author=Dr.Bitcoin_Strange link=topic=315770.msg1718319#msg1718319 date=1739857347
you might at that moment think about how much you’ve lost in trading and then the first thing that’ll pop into your mind is recovering all those losses through that single trade, so you’ll allow the trade and hope that you hit a 100x.
[/quote]
I think these types of thinking should be always avoid. Becuase, when you would thinking like this you are doing the same mistakes what you do behind and get loss.
So we have be in the reality and when we come on the reality trading is not quick rich scheme here lots of think work at together like the technical analysis, fundamental analysis and Understanding the market psychology then we get the success in the trading.

And here we have to learn from our mistakes and shouldn't do that again because chasing loss recover by hoping 100x in a trading it is something unrealistic and also like gambling.

[Dr.Bitcoin_Strange]

I think these types of thinking should be always avoid. Becuase, when you would thinking like this you are doing the same mistakes what you do behind and get loss.
So we have be in the reality and when we come on the reality trading is not quick rich scheme here lots of think work at together like the technical analysis, fundamental analysis and Understanding the market psychology then we get the success in the trading.

And here we have to learn from our mistakes and shouldn't do that again because chasing loss recover by hoping 100x in a trading it is something unrealistic and also like gambling.

The only way I believe such mindset could be avoided from affecting the trader’s attitude in trading is when they learn to completely set greet aside and learn to effectively make use of their TP and SL features when trading. Trading ordinarily involves lots of risks and a trade that’s giving one profits right now could switch in seconds and one may start experiencing losses, so to avoid situations where one will end up losing everything in the twinkle of the eye, it’s important to completely eliminate greed first and then employ a strategy that suits well with their personal financial goals.

[jeraldskie11]

I think these types of thinking should be always avoid. Becuase, when you would thinking like this you are doing the same mistakes what you do behind and get loss.
So we have be in the reality and when we come on the reality trading is not quick rich scheme here lots of think work at together like the technical analysis, fundamental analysis and Understanding the market psychology then we get the success in the trading.

And here we have to learn from our mistakes and shouldn't do that again because chasing loss recover by hoping 100x in a trading it is something unrealistic and also like gambling.

The only way I believe such mindset could be avoided from affecting the trader’s attitude in trading is when they learn to completely set greet aside and learn to effectively make use of their TP and SL features when trading. Trading ordinarily involves lots of risks and a trade that’s giving one profits right now could switch in seconds and one may start experiencing losses, so to avoid situations where one will end up losing everything in the twinkle of the eye, it’s important to completely eliminate greed first and then employ a strategy that suits well with their personal financial goals.

I don't think greed is the one to be avoided in order to prevent liquidations of your port. Greed is cause by emotions and sometimes we just didn't notice that our trades are influenced by greed. So if we have that, we expect that our trades is not so effective and there's high chance we will lose that trade. I believe that the key to avoid liquidations of your port is the risk management. Always apply risk management to survive in the long run prevent those situation.

[DavetJack]

I think these types of thinking should be always avoid. Becuase, when you would thinking like this you are doing the same mistakes what you do behind and get loss.
So we have be in the reality and when we come on the reality trading is not quick rich scheme here lots of think work at together like the technical analysis, fundamental analysis and Understanding the market psychology then we get the success in the trading.

And here we have to learn from our mistakes and shouldn't do that again because chasing loss recover by hoping 100x in a trading it is something unrealistic and also like gambling.

The only way I believe such mindset could be avoided from affecting the trader’s attitude in trading is when they learn to completely set greet aside and learn to effectively make use of their TP and SL features when trading. Trading ordinarily involves lots of risks and a trade that’s giving one profits right now could switch in seconds and one may start experiencing losses, so to avoid situations where one will end up losing everything in the twinkle of the eye, it’s important to completely eliminate greed first and then employ a strategy that suits well with their personal financial goals.

I don't think greed is the one to be avoided in order to prevent liquidations of your port. Greed is cause by emotions and sometimes we just didn't notice that our trades are influenced by greed. So if we have that, we expect that our trades is not so effective and there's high chance we will lose that trade. I believe that the key to avoid liquidations of your port is the risk management. Always apply risk management to survive in the long run prevent those situation.

I think we should get a lot of training before we come to trading and we should consider the market well. Because after we come to trading, we don't have that in mind that we won't be able to make a profit here or we will lose. We have to trade based on complete knowledge. We have to trust ourselves that if I invest here for the long term and invest in a currency, I will definitely try to do it for the long term. There is no loss in learning anything in this world of crypto currency, and we should start training by bringing the entire market under our control.

[Crypto Library]

The only way I believe such mindset could be avoided from affecting the trader’s attitude in trading is when they learn to completely set greet aside and learn to effectively make use of their TP and SL features when trading. Trading ordinarily involves lots of risks and a trade that’s giving one profits right now could switch in seconds and one may start experiencing losses, so to avoid situations where one will end up losing everything in the twinkle of the eye, it’s important to completely eliminate greed first and then employ a strategy that suits well with their personal financial goals.

In this regard I want to say that few months ago I saw a interview of a professional and successful trader where he said like this in the first time if you have only five percent of profit of your whole fund in a month it's means a lot, he also said that their mentor said that 5% profit in the first time in a month when you have doing trading that's means you are professional trader.

So our thinking about the trading we will make 100%,200% profit on trading should be change first then we should get jump for trading.

[Nheer]

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.

As traders we must be smart, just take the profit even though it is not much. let it be small if we can do it repeatedly later the amount will be large. But it is difficult to apply, unless we are really experienced in this cryptocurrency trading.

I fully agree with you, accumulating profits little by little will definitely be a big bag one day and rather than being greedy and let the profits slip off your hand and end up in loss. Gradually we will surely reach the sky with big profits, New traders are always looking for a big profits at a one time trade they took a day and if you are looking for profit that way you will end up blowing the account and end up with nothing.
 Professional traders have a lot of experience and a lot of capital that why they keep on chasing the big profits but as a new trader accumulate the little you have and hold on to it, time will surely tell after you also have the knowledge to take big gains.

[dekafee79]

The only way I believe such mindset could be avoided from affecting the trader’s attitude in trading is when they learn to completely set greet aside and learn to effectively make use of their TP and SL features when trading. Trading ordinarily involves lots of risks and a trade that’s giving one profits right now could switch in seconds and one may start experiencing losses, so to avoid situations where one will end up losing everything in the twinkle of the eye, it’s important to completely eliminate greed first and then employ a strategy that suits well with their personal financial goals.

In this regard I want to say that few months ago I saw a interview of a professional and successful trader where he said like this in the first time if you have only five percent of profit of your whole fund in a month it's means a lot, he also said that their mentor said that 5% profit in the first time in a month when you have doing trading that's means you are professional trader.

So our thinking about the trading we will make 100%,200% profit on trading should be change first then we should get jump for trading.

In learning trading, at the beginning when we are still learning about the analysis and strategies that we will use, it is better not to target too high. 5 % is a reasonable number for beginners. but after we have expertise in trading, maybe we can get bigger profits, everyone needs to learn.

[Crypto Library]

In learning trading, at the beginning when we are still learning about the analysis and strategies that we will use, it is better not to target too high. 5 % is a reasonable number for beginners. but after we have expertise in trading, maybe we can get bigger profits, everyone needs to learn.

Moreover, I believe that when your expectation will not much then your loss amount will also not be so much and this will helps a beginner to stay focus on trading.

Otherwise if a beginners will expect a lot in the beginning then there will be also chances of big losses and if that happened then maybe that beginner trader will lose hope from the trading and will take retire in the middle time.

[Dr.Bitcoin_Strange]

I don't think greed is the one to be avoided in order to prevent liquidations of your port. Greed is cause by emotions and sometimes we just didn't notice that our trades are influenced by greed. So if we have that, we expect that our trades is not so effective and there's high chance we will lose that trade. I believe that the key to avoid liquidations of your port is the risk management. Always apply risk management to survive in the long run prevent those situation.

My response to that is No No No, greedy is a very big problem in trading, gambling or anything that involves wagering money, and it should be quickly addressed. It’s true that greed is an natural emotion that everybody feels but these natural emotions could spiral into something that turn out to be a problem for us if not tackled early and quickly.

[DavetJack]

I don't think greed is the one to be avoided in order to prevent liquidations of your port. Greed is cause by emotions and sometimes we just didn't notice that our trades are influenced by greed. So if we have that, we expect that our trades is not so effective and there's high chance we will lose that trade. I believe that the key to avoid liquidations of your port is the risk management. Always apply risk management to survive in the long run prevent those situation.

My response to that is No No No, greedy is a very big problem in trading, gambling or anything that involves wagering money, and it should be quickly addressed. It’s true that greed is an natural emotion that everybody feels but these natural emotions could spiral into something that turn out to be a problem for us if not tackled early and quickly.

No matter how much we say, greed is something that can destroy people in their prime. We have to constantly try to avoid greed and not indulge in greed, yes brother, you said greed is a real emotion, sometimes its emotion destroys people. Especially our addiction to gambling and trading is a little more. We come to trading after leaving gambling, here we invest a limited amount and then we will see our progress increasing. If we want to make our goal bigger, greed must be avoided.

[Dr.Bitcoin_Strange]

No matter how much we say, greed is something that can destroy people in their prime. We have to constantly try to avoid greed and not indulge in greed, yes brother, you said greed is a real emotion, sometimes its emotion destroys people. Especially our addiction to gambling and trading is a little more. We come to trading after leaving gambling, here we invest a limited amount and then we will see our progress increasing. If we want to make our goal bigger, greed must be avoided.

Well there are still traders who still actually gambles, and that’s not even the case here. The most important thing to note here is that everyone should try as much as they can avoid allowing greed set in whatever they’re involved in, whether gambling or trading, both concepts are almost the same thing because they both require wagering and like I said previously, anything that requires wavering your money, it’s best to completely eradicate greed, else it could completely destroy you.