Never Be Greedy!

[Fivestar4everMVP]

There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.

You are right absolutely, but on the other hand, there are traders who actually don't know when they go from being patient to becoming greedy, this is a subject that I think needs to be critically discussed, there are traders who can mistake being patience for being greedy, while others mistake being greedy for being patient, there is actually a very tin line between this two that most times, it's hard to differentiate.

In other for a trader not to get this confusion, I think it's better to use "setting realistic targets" as a better reference, which means that, when a trader sets a target, and his or her trade hits his target, its better to take the profit, close the trade and move on to the next trade.

[albon]

When i first started exploring the world of cryptocurrency, it felt like i had entered a magical place full of amazing possibilities but also a fair number of obstacles that were difficult to understand. The first time i tried crypto then it wasn't easy. My first step into digital currency was dipping my toe in the water. Given that Bitcoin and Ethereum were the most popular choices then i chose to test them. I still feel the early trading losses but after a few years i was able to recover them.

[doc]

When i first started exploring the world of cryptocurrency, it felt like i had entered a magical place full of amazing possibilities but also a fair number of obstacles that were difficult to understand. The first time i tried crypto then it wasn't easy. My first step into digital currency was dipping my toe in the water. Given that Bitcoin and Ethereum were the most popular choices then i chose to test them. I still feel the early trading losses but after a few years i was able to recover them.

You are right, bitcoin and ethereum are the most popular choices when I first started investing in crypto, but now we also see many choices that can make us profitable. Top 10 coins are the best choices that can be bought for investing in crypto.
so there are many coins that have the potential to be our choice in investing.

[|MINER|]

When i first started exploring the world of cryptocurrency, it felt like i had entered a magical place full of amazing possibilities but also a fair number of obstacles that were difficult to understand. The first time i tried crypto then it wasn't easy. My first step into digital currency was dipping my toe in the water. Given that Bitcoin and Ethereum were the most popular choices then i chose to test them. I still feel the early trading losses but after a few years i was able to recover them.

I think most crypto investors have the same experience. I mean, if I say in my case, I didn't start my first investment with bitcoin or the Ethereum. I started with a new alt-coin, although I don't remember the name of it now, but it was one of my worst experiences. At the time of investing, I didn't know much about crypto currencies and, to put it bluntly, I went to invest after seeing others and suffered losses.
But currently, based on my experience, I understand that in my case, it is better to invest in bitcoin or the ethereum or the top alt-coins for the long term.

[LUCKMCFLY]

AFAIK, beginner's luck doesn't work on trading they might initially make a couple of profitable trades but they won't be consistent which will cost their capital including the profits made from the previous trades. This is why everyone should go with clear strategy and self control is not something that we can learn from books but only from experience so once they feel their efforts are going in vain they'll come around.

Well in all new that hope that what is going to happen is that it is going to win, there is nothing else that can manifest itself better than that, sometimes they ignore the advice that can be given and if they operate and win, well it is very difficult to get them out of that belief, sometimes they only do guessing and they think they know a lot and it is not like that, usually some operations go well for them, but when they come face to face with reality and lose almost everything, well that is when they silently resort to forums, to technical analysis and that is when it all begins, it is very strange the novice who follows advice from the beginning.

[debra]

I think most crypto investors have the same experience. I mean, if I say in my case, I didn't start my first investment with bitcoin or the Ethereum. I started with a new alt-coin, although I don't remember the name of it now, but it was one of my worst experiences. At the time of investing, I didn't know much about crypto currencies and, to put it bluntly, I went to invest after seeing others and suffered losses.

You're right. Many people may begin their investment with shitcoins. I also did the same way as you. At the first time, I invest in shitcoins that I got from bounties. But there should be some investors who start their investment with Bitcoin or Ethereum. The investors who have mentors, they probably buy Bitcoin or Ethereum for their first investment. The mentors must guide them to buy the most secure coins, Bitcoin and Ethereum are the most recommended coins for newbies.

[milewilda]

I think most crypto investors have the same experience. I mean, if I say in my case, I didn't start my first investment with bitcoin or the Ethereum. I started with a new alt-coin, although I don't remember the name of it now, but it was one of my worst experiences. At the time of investing, I didn't know much about crypto currencies and, to put it bluntly, I went to invest after seeing others and suffered losses.

You're right. Many people may begin their investment with shitcoins. I also did the same way as you. At the first time, I invest in shitcoins that I got from bounties. But there should be some investors who start their investment with Bitcoin or Ethereum. The investors who have mentors, they probably buy Bitcoin or Ethereum for their first investment. The mentors must guide them to buy the most secure coins, Bitcoin and Ethereum are the most recommended coins for newbies.

We do know that not all would really be having that kind of risks taking thing on which they will really be that trying out to get into more other options that they could be able to generate even more profit and this is where they would really be preferring on touching up altcoins or even with those memes or degens. They will really be going into those more riskier options because they are really that preferring with those bigger cains on which this is actually true but if you cant be able to bare up with the risks then its better not to make yourself touch up these things.
It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.

[bayu7adi]

In other for a trader not to get this confusion, I think it's better to use "setting realistic targets" as a better reference, which means that, when a trader sets a target, and his or her trade hits his target, its better to take the profit, close the trade and move on to the next trade.

And don't forget to be grateful for what you get... never regret when you have sold assets at the target price, but it turns out that the bullish market is still going higher, never regret selling at your target... sometimes other people's standards of happiness are also influenced by social media which is quite annoying when we feel that our decision is wrong because we sold too early... the point is, don't be tempted to enter those emotions...

After getting a profit, you can take the next step, such as investing again or maybe doing other planning.

[Hatchy]

There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.

I think being greedy and taking risk is kinda same but different in trading. Most profitable trader would tell you that "risk rich" this is something that has made most of then become big and have more experience with the market. Even if they take risk, they are still able to manage their risk and sustain their self long enough in the market.. regards to greedy, don't let a winning trade turn to a losing streak. Always take your profits and exit the market once you hit your expectations.

[Bobcrypto]

There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.

I think being greedy and taking risk is kinda same but different in trading. Most profitable trader would tell you that "risk rich" this is something that has made most of then become big and have more experience with the market. Even if they take risk, they are still able to manage their risk and sustain their self long enough in the market.. regards to greedy, don't let a winning trade turn to a losing streak. Always take your profits and exit the market once you hit your expectations.

I think being greedy and risk are not the same but may be similar, this is because, greed is associated with strong emotions that result with people taking irrational financial decisions. it could be a high risk, but depends on individuals emotional levels.
Risk as regards to business, means an uncertainty that one will loss in trade, investments. Risk can also be a prediction based on probability of certain past experiences outcomes.

[Gurujebs]

You are right, bitcoin and ethereum are the most popular choices when I first started investing in crypto, but now we also see many choices that can make us profitable. Top 10 coins are the best choices that can be bought for investing in crypto.
so there are many coins that have the potential to be our choice in investing.

I'm not sure what went wrong but XRP used to be clear and better than ethereum by choice, it's just like the way Solana once had everyone in there bags and then when it crashed, everyone went their side ways before it came back. XRP was the spotlight as the second coin with largest valuation of altcoin until ethereum Defi took away the spot again.

Now we have thousands of coins and there even more that are been launch all the time and the fact remain, the more coins are launch, the volatile they are. It's better to trade old coins than to push hard on new coins.

[Aanuoluwatofunmi]

There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.

Being greedy will take us no where, it will only cause us more losses and we may not like the way things will be landing on us whenever we are making trades except we take time to discover that there is a need to change something about how greedy we are, in trading, we must have some of these personal etiquettes as qualities coupled together with our trading experience.

1. patience
2. satisfaction
3. resilience
4 competence
5. risk taking

[JoyMarsha]

To be a successful trader, it's important to learn how to manage greed. This is the most important lesson to learn because once you control your greed and focus on taking small profits from trading, you can achieve greater profits over time. Simply calculating your weekly profits, you'll see the benefits of this approach of taking small profits.

Many people don't realize that consistently keeping small profits is more advantageous than chasing large profits, which will make them lose everything later due to greed.

[JISAN]

To be a successful trader, it's important to learn how to manage greed. This is the most important lesson to learn because once you control your greed and focus on taking small profits from trading, you can achieve greater profits over time. Simply calculating your weekly profits, you'll see the benefits of this approach of taking small profits.

Many people don't realize that consistently keeping small profits is more advantageous than chasing large profits, which will make them lose everything later due to greed.

Greed and emotion are the most damaging aspects of trading.  If you are greedy in trading and think of it as a get-rich-quick means, you are bound to suffer.  Because the market is always volatile that's why you must analyze the market and exit the market with the right amount of profit at the right time.  Only then you can be a successful trader and profit from trading.  But if greed works in you, you will never be able to control yourself, due to which you will keep making different mistakes from time to time.  Which will make you face a lot of losses

[|MINER|]

You're right. Many people may begin their investment with shitcoins. I also did the same way as you. At the first time, I invest in shitcoins that I got from bounties. But there should be some investors who start their investment with Bitcoin or Ethereum. The investors who have mentors, they probably buy Bitcoin or Ethereum for their first investment. The mentors must guide them to buy the most secure coins, Bitcoin and Ethereum are the most recommended coins for newbies.

I guess you are not the same person who did this before. Because I have also seen lots of people that they do the  bounty campaigns and when they see that a reputable manager managing the campaign they also in this on that coin or project. 
I have multiple online friends who have faced these kind of situation that they invested on the coin from the bounty and at last even then the campaign was from a reputable manager they scammed. I guess some peoples are still remember the Fobee coin.