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Author Topic: Don't get greedy, Just take the already earned profit and leave.  (Read 20047 times)

Offline dekafee79

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #285 on: February 21, 2025, 11:33:40 PM »
I didn't say that greed is not a problem in trading. What I am trying to say is that even if you remove greed in your trades it's not a guarantee that you will become successful in trading because there is no strategy that works 90%. That's why it is very important to have the risk management in our trades because it is the key to success. It's a highly recommended to add it in our plan.

There is difference between risk taking and been greedy trader. If you are greedy in crypto trading, you will lose much more than you are going to make here, I have seen someone short sol and was profited, like heavily and instead of closing that position, he held the short until Solana rise back and hit all time high, he was liquidited and lose everything again.

Assuming he was able to control his greed and didn't let greed consume him, he would have take the profit and change the sentiment of the market from short to long, always remember that in trading, the trend is what gives you money and not what yiu think about the market.
I always follow market trends in trading. And avoid greed that makes us not focus on trading, we must always have the right plan and trade according to the plan and strategy that we have made, don't be greedy. because greed will destroy our lives.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #285 on: February 21, 2025, 11:33:40 PM »

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Online Dr.Bitcoin_Strange

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #286 on: February 22, 2025, 12:47:25 AM »
Actually, it's our human nature that we all always love to hear the positive news and also we love to spread the positive sides of ours and that is why we most of the time saw peoples they we interested to investment just seeing that there many trader having thousands of profit they make their investment but they never know how many nights the trader spends for that and as well how their loss porfolio.
Yeah
The problem with most traders is that, they like to compare their one step to another trader’s 1000 steps. Experience and progress are not gotten without spending time and effort on what you do. It’s good to look at others and pick motivations from them, rather than comparing yourself with them and using it to downgrade your own effort and success.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #286 on: February 22, 2025, 12:47:25 AM »

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Offline KingsDen

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #287 on: February 22, 2025, 01:23:46 AM »
Learning went to work away in anything is a virtue. It is not enough to know how to trade the cryptocurrency market but knowing when to exit the market is another skill that is highly underrated. Many people make excessive profit and end up losing or in the market. Just like me, I was encouraged to buy the trump coin during his inauguration period. I eventually hit 100% profit even while joining the market very late. I felt relaxed with the Bitcoin mind that I have believe that the coin will remain at the top. But the coin ended up crashing and wiping away my capital. That is my poor ability to time the market. Risk management and timing is really important in cryptocurrency trading.

Offline Uruhara

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #288 on: February 22, 2025, 01:32:28 PM »
I always follow market trends in trading. And avoid greed that makes us not focus on trading, we must always have the right plan and trade according to the plan and strategy that we have made, don't be greedy. because greed will destroy our lives.
Greed is indeed the thing that causes most traders to experience losses or failure to make a profit. Although there are also those who because of greed they get big profits, this is just luck because it rarely happens. And yes, it is very important to stick to the analysis and plans that we have made or prepared carefully. We also have to be clever in controlling risk in trading itself. Because with good risk management we can minimize losses.

Offline jeraldskie11

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #289 on: February 22, 2025, 02:28:31 PM »
I always follow market trends in trading. And avoid greed that makes us not focus on trading, we must always have the right plan and trade according to the plan and strategy that we have made, don't be greedy. because greed will destroy our lives.
Greed is indeed the thing that causes most traders to experience losses or failure to make a profit. Although there are also those who because of greed they get big profits, this is just luck because it rarely happens. And yes, it is very important to stick to the analysis and plans that we have made or prepared carefully. We also have to be clever in controlling risk in trading itself. Because with good risk management we can minimize losses.
Greed does a lot of damage to our trading journey. It leaves and returns on its own. So it's really important that we always stick to our plan. If we take other steps that are opposite or not in our plan, it may be due to greed. Sometimes there are negative thoughts comes in our mind when we are always looking at the chart that may cause us to change our decisions, but the only important thing here is that no matter what happens, just stick to the plan.

Offline Crypto Library

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #290 on: February 22, 2025, 07:09:01 PM »
Yeah
The problem with most traders is that, they like to compare their one step to another trader’s 1000 steps. Experience and progress are not gotten without spending time and effort on what you do. It’s good to look at others and pick motivations from them, rather than comparing yourself with them and using it to downgrade your own effort and success.
Actually most of the people who we are the new in the crypto investment or trading they will kinda same mindset like maybe we can get easily quick rich by investing on crypto but they don't know how we study in our life to get job or in kind of freelancing how we give our time to grow up our knowledge and then we get success in a moment  even if we some people know the trading has also kind of same things where to become successful we must need some skill to become successful we don't want to follow that but we like the easy one like seeing some the signal and applied in our trading and we face losses.

Offline DavetJack

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #291 on: February 22, 2025, 08:17:00 PM »
We want to do more than we know about trading. This is what always comes to our mind, if our other brothers are in a good position in trading, we see that and cannot control our greed and go directly to trading and as a result we only face losses. We invest there without knowing anything about a currency. We should always keep in mind that I will not do what other brothers have done, I will try something new from that. Our idea should always be to try hard and work hard to rise. We know very well that if we try to do what we do not know, we will lose 100%. Our older brothers post very good topics, we can learn a lot by paying attention to them and looking at them carefully. And we will follow the market, follow our older brothers, then maybe we can learn something good.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #291 on: February 22, 2025, 08:17:00 PM »


Online Dr.Bitcoin_Strange

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #292 on: February 22, 2025, 08:38:59 PM »
Actually most of the people who we are the new in the crypto investment or trading they will kinda same mindset like maybe we can get easily quick rich by investing on crypto but they don't know how we study in our life to get job or in kind of freelancing how we give our time to grow up our knowledge and then we get success in a moment  even if we some people know the trading has also kind of same things where to become successful we must need some skill to become successful we don't want to follow that but we like the easy one like seeing some the signal and applied in our trading and we face losses.
I remember back then when copy trading was introduced into the trading sphere, and some brokers and exchanges so exaggerated this copy trading stuff that it looked so easy, even those who knew absolutely nothing about trading would jump on the opportunity, thinking that they’d be made millionaires overnight by simply just copying another trader’s trades.

Same thing happened when trading bots were also introduced to the trading system, the advertisers also make it look so easy that a total novice could make thousands by just buying a trading bot and then leave the bot to do all the heavy lifting for them. But right now, we don’t see so many people talking about it anymore.

Offline SmartGold01

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #293 on: February 22, 2025, 09:30:11 PM »
Learning went to work away in anything is a virtue. It is not enough to know how to trade the cryptocurrency market but knowing when to exit the market is another skill that is highly underrated. Many people make excessive profit and end up losing or in the market. Just like me, I was encouraged to buy the trump coin during his inauguration period. I eventually hit 100% profit even while joining the market very late. I felt relaxed with the Bitcoin mind that I have believe that the coin will remain at the top. But the coin ended up crashing and wiping away my capital. That is my poor ability to time the market. Risk management and timing is really important in cryptocurrency trading.
Anything that can never be controlled is greed, whenever greed is controlled while trading the person always end up with good profits. I mean, proper timing is the key, most people doesn't have proper timing or risk management whomever that can control this can actually make profit. Using the Trump coin as an example, I also wanted to invest in that coin but after reading few post around the forum about meme coin that was how I drew back and never invested but today you can imagine where is the price currently after hitting $70 plus.

Offline Crypto Library

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #294 on: February 22, 2025, 09:48:44 PM »
I remember back then when copy trading was introduced into the trading sphere, and some brokers and exchanges so exaggerated this copy trading stuff that it looked so easy, even those who knew absolutely nothing about trading would jump on the opportunity, thinking that they’d be made millionaires overnight by simply just copying another trader’s trades.

Same thing happened when trading bots were also introduced to the trading system, the advertisers also make it look so easy that a total novice could make thousands by just buying a trading bot and then leave the bot to do all the heavy lifting for them. But right now, we don’t see so many people talking about it anymore.
I think most of the people here have gone through the kind of same situation in their beginner journey to be honest if I don't lie, I have to also say that in the beginning time I also do some follow trading not the copy trading in the exchange platform, from a telegram channel.
They were posting their signal every day and also showed some screenshot of their users that they made profit and after seeing those I also did a try some time but truly their signals were just a shits and they just want to have some subscribers for their VIP group by showing those fake feedback. So never going to prefer anyone in these trap.

Offline Mate2237

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #295 on: February 22, 2025, 10:15:22 PM »
Learning went to work away in anything is a virtue. It is not enough to know how to trade the cryptocurrency market but knowing when to exit the market is another skill that is highly underrated. Many people make excessive profit and end up losing or in the market. Just like me, I was encouraged to buy the trump coin during his inauguration period. I eventually hit 100% profit even while joining the market very late. I felt relaxed with the Bitcoin mind that I have believe that the coin will remain at the top. But the coin ended up crashing and wiping away my capital. That is my poor ability to time the market. Risk management and timing is really important in cryptocurrency trading.
Anything that can never be controlled is greed, whenever greed is controlled while trading the person always end up with good profits. I mean, proper timing is the key, most people doesn't have proper timing or risk management whomever that can control this can actually make profit. Using the Trump coin as an example, I also wanted to invest in that coin but after reading few post around the forum about meme coin that was how I drew back and never invested but today you can imagine where is the price currently after hitting $70 plus.
Sometimes greediness can lead to good profit. And those who are not greedy while trading end up with small profit. There is advantage and disadvantage for everything.
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Offline doc

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #296 on: February 22, 2025, 11:14:58 PM »
I remember back then when copy trading was introduced into the trading sphere, and some brokers and exchanges so exaggerated this copy trading stuff that it looked so easy, even those who knew absolutely nothing about trading would jump on the opportunity, thinking that they’d be made millionaires overnight by simply just copying another trader’s trades.

Same thing happened when trading bots were also introduced to the trading system, the advertisers also make it look so easy that a total novice could make thousands by just buying a trading bot and then leave the bot to do all the heavy lifting for them. But right now, we don’t see so many people talking about it anymore.
I think most of the people here have gone through the kind of same situation in their beginner journey to be honest if I don't lie, I have to also say that in the beginning time I also do some follow trading not the copy trading in the exchange platform, from a telegram channel.
They were posting their signal every day and also showed some screenshot of their users that they made profit and after seeing those I also did a try some time but truly their signals were just a shits and they just want to have some subscribers for their VIP group by showing those fake feedback. So never going to prefer anyone in these trap.
never trust the signals shared in the group, because in my opinion we should do our own analysis. If they [great and professional traders will not have much time to share signals, they will focus on their trading.
And for me it's just a trick to get many members in their group, especially if it's paid. they just want profit.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #297 on: February 23, 2025, 01:59:33 PM »
I think most of the people here have gone through the kind of same situation in their beginner journey to be honest if I don't lie, I have to also say that in the beginning time I also do some follow trading not the copy trading in the exchange platform, from a telegram channel.
They were posting their signal every day and also showed some screenshot of their users that they made profit and after seeing those I also did a try some time but truly their signals were just a shits and they just want to have some subscribers for their VIP group by showing those fake feedback. So never going to prefer anyone in these trap.
And those who feel or think that the crypto market is a place people can actually make easy profits without having to burn the midnight candle to conduct their own research and analysis would actually easily fall for their traps. The crypto market is indeed very profitable and there are actually those who do make profits from the market but it’s not just as easy as some people online make it seem.

It needs dedication, time, effort, resilience and patience to be able to navigate the crypto market in a way that they can be able to make daily profits and not just by following someone’s analysis or signals.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #298 on: February 23, 2025, 08:52:52 PM »
never trust the signals shared in the group, because in my opinion we should do our own analysis. If they [great and professional traders will not have much time to share signals, they will focus on their trading.
And for me it's just a trick to get many members in their group, especially if it's paid. they just want profit.

Totally right.
Analysis comes first, your own, that is, everything else - second.
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Offline enwi

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    Quick Poster 1000 Posts One year Anniversary
Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #299 on: February 23, 2025, 11:50:08 PM »
I remember back then when copy trading was introduced into the trading sphere, and some brokers and exchanges so exaggerated this copy trading stuff that it looked so easy, even those who knew absolutely nothing about trading would jump on the opportunity, thinking that they’d be made millionaires overnight by simply just copying another trader’s trades.

Same thing happened when trading bots were also introduced to the trading system, the advertisers also make it look so easy that a total novice could make thousands by just buying a trading bot and then leave the bot to do all the heavy lifting for them. But right now, we don’t see so many people talking about it anymore.
I think most of the people here have gone through the kind of same situation in their beginner journey to be honest if I don't lie, I have to also say that in the beginning time I also do some follow trading not the copy trading in the exchange platform, from a telegram channel.
They were posting their signal every day and also showed some screenshot of their users that they made profit and after seeing those I also did a try some time but truly their signals were just a shits and they just want to have some subscribers for their VIP group by showing those fake feedback. So never going to prefer anyone in these trap.
never trust the signals shared in the group, because in my opinion we should do our own analysis. If they [great and professional traders will not have much time to share signals, they will focus on their trading.
And for me it's just a trick to get many members in their group, especially if it's paid. they just want profit.
Indeed, trusting the result from this analyses is far better than imposed signal coming from the other parties, especially when these signals are provided by some party with vested interest. Virtually everything provided in the group is not so beneficial sine they are out to benefit from the group through a growing number of members. It is normal that if really someone has exceptional trading abilities, instead of constantly sharing signals they would like to build own trading plan. Following signals that do not have a strong analytical background as the market evolves and is studied, together with prices and the development of an individual strategy will be much more effective in the long term.

 

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