Never Be Greedy!

[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.

We can be trading by taking risk, but this does not open us being greedy when trading, if we are to trade, then we must learn how we can manage the two altogether, trading is not what we can do by mouth in saying we are not being greedy, this only happens from the trades we take in respect to the risk involved because of the money in it which is our own target to make profits from.

[kulkhan]

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.

To be a good trader even to profit in trading we have to avoid greedy. Greedy is very harmful for traders. For start trading anyone need gathe knowledge about fund management, risk management, greedy control etc.
If anyone follow this he will be profitable there has no doubt.

[SmartGold01]

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.

To be a good trader even to profit in trading we have to avoid greedy. Greedy is very harmful for traders. For start trading anyone need gathe knowledge about fund management, risk management, greedy control etc.
If anyone follow this he will be profitable there has no doubt.

Greed is factor that destroy people or that makes people to lose huge while trading, and greed is something that doesn't allow someone to grow while trading because he would be limited to some specific level of where he is instead of increasing and making profits he would be stagnated in particular place. In fact in all, he would lose big time because of the level of greed he or she may apply while trading.

[Asiska02]

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.

We can be trading by taking risk, but this does not open us being greedy when trading, if we are to trade, then we must learn how we can manage the two altogether, trading is not what we can do by mouth in saying we are not being greedy, this only happens from the trades we take in respect to the risk involved because of the money in it which is our own target to make profits from.

Trading involves been greedy at some point but you should know how to also control your greed level in order to become a profitable trader. When you’re risking more than you can afford to lose, after making a lot of money and your analysis is not also showing some positive impact anymore, it becomes very riskier when you continue to trade and that will simply be called greed.

In some trades that you’re already in profit, when you see your analysis still playing well, you can just continue to adjust your SL but not close such trades. In that case, you need to be greedy for more money while adjusting your stop loss to fit into not losing everything when it later goes against you. Trading is great and one should only be greedy at the appointed time only.

[Rruchi man]

To be a good trader even to profit in trading we have to avoid greedy. Greedy is very harmful for traders. For start trading anyone need gathe knowledge about fund management, risk management, greedy control etc.
If anyone follow this he will be profitable there has no doubt.

Greed will always be something to learn to control while a trader because it cannot be conquered or overcome once. It is the wrong idea to have that immediately that you can overcome greed once, and the emotion will never return. Every trader will be in a constant tussle to keep their emotions of which greed is one of them in check. This is why recognising the concept of greed and how dangerous it can be is an essential to be a successful trader.

[alltalk]

Greed is factor that destroy people or that makes people to lose huge while trading, and greed is something that doesn't allow someone to grow while trading because he would be limited to some specific level of where he is instead of increasing and making profits he would be stagnated in particular place. In fact in all, he would lose big time because of the level of greed he or she may apply while trading.

Indeed. When you are greedy, it will ruin your trading goal. We must always remember that we must avoid greedy, this is one of the factor of possible failure. I'm sure, we can handle our greed if we have enough knowledge in trading. Traders who have good knowledge, they will trade in a more realistic way. As long as we trade in the right way, I think we don't be greedy. 

[SmartGold01]

Greed is factor that destroy people or that makes people to lose huge while trading, and greed is something that doesn't allow someone to grow while trading because he would be limited to some specific level of where he is instead of increasing and making profits he would be stagnated in particular place. In fact in all, he would lose big time because of the level of greed he or she may apply while trading.

Indeed. When you are greedy, it will ruin your trading goal. We must always remember that we must avoid greedy, this is one of the factor of possible failure. I'm sure, we can handle our greed if we have enough knowledge in trading. Traders who have good knowledge, they will trade in a more realistic way. As long as we trade in the right way, I think we don't be greedy. 

Yes and it should be those learned traders because newbies or amateur traders do not really understand the consequences of greed and of course those who are pro traders and has lasted long in the field of trading would definitely understand that greedy is a factor that keeps one level in a particular place, and when it's shy away from it and understand that every single dollars means a lot then they will definitely learned not to be that greedy while trading because if equating by every single dollars you would see that at every single day while trading you would definitely makes at least 4-10$ without applying so much greed.

Anyway +1 for you.

[Gposas]

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.

To be candid, it is very advisable not to be greedy with trades since it can make you loose the little profit you have acquired in attempt to gather more profit.
I have a little experience on being greedy.

But on the other hand, most times being greedy can get alot profits to your portfolio... Especially when speculations/predictions are right, one can change his sell position and even put it higher just to gather much profits and on some cases this speculation enters for the trader on that particular trade.
I've also experienced this but not everytime...

But in all, it is advisable for traders to manage their greed and their corresponding fear index when trading....
Being greedy all the time isn't good.

[nakmantu99]

Greed is factor that destroy people or that makes people to lose huge while trading, and greed is something that doesn't allow someone to grow while trading because he would be limited to some specific level of where he is instead of increasing and making profits he would be stagnated in particular place. In fact in all, he would lose big time because of the level of greed he or she may apply while trading.

Indeed. When you are greedy, it will ruin your trading goal. We must always remember that we must avoid greedy, this is one of the factor of possible failure. I'm sure, we can handle our greed if we have enough knowledge in trading. Traders who have good knowledge, they will trade in a more realistic way. As long as we trade in the right way, I think we don't be greedy. 

Yes and it should be those learned traders because newbies or amateur traders do not really understand the consequences of greed and of course those who are pro traders and has lasted long in the field of trading would definitely understand that greedy is a factor that keeps one level in a particular place, and when it's shy away from it and understand that every single dollars means a lot then they will definitely learned not to be that greedy while trading because if equating by every single dollars you would see that at every single day while trading you would definitely makes at least 4-10$ without applying so much greed.

Anyway +1 for you.

We should be able to avoid or manage bad emotions, greed. because this will eliminate our chances of getting profit because when we are greedy we cannot think clearly. We must go according to plan and do not get out of the plan before we do a re-analysis even though the market conditions look good. And it takes knowledge and experience to be able to manage bad emotions such as greed. newbies will be easily tempted by greed, but for those who have been trading for a long time will have different considerations.

[SmartGold01]

Yes and it should be those learned traders because newbies or amateur traders do not really understand the consequences of greed and of course those who are pro traders and has lasted long in the field of trading would definitely understand that greedy is a factor that keeps one level in a particular place, and when it's shy away from it and understand that every single dollars means a lot then they will definitely learned not to be that greedy while trading because if equating by every single dollars you would see that at every single day while trading you would definitely makes at least 4-10$ without applying so much greed.

Anyway +1 for you.

We should be able to avoid or manage bad emotions, greed. because this will eliminate our chances of getting profit because when we are greedy we cannot think clearly. We must go according to plan and do not get out of the plan before we do a re-analysis even though the market conditions look good. And it takes knowledge and experience to be able to manage bad emotions such as greed. newbies will be easily tempted by greed, but for those who have been trading for a long time will have different considerations.

Of course they have their own disciplines on how to manage the market conditions than that of newbies since they are easily being controlled by greed. But though greed comes with emotions and anyone who can control their emotions can as well be able to face the market correctly without having to fall for that nature, we should learn to control the greed in our lives.

[KingsDen]

But on the other hand, most times being greedy can get alot profits to your portfolio... Especially when speculations/predictions are right, one can change his sell position and even put it higher just to gather much profits and on some cases this speculation enters for the trader on that particular trade.
I've also experienced this but not everytime...

The truth is, even though greed expose traders to risks that can be avoided, the end result of being greedy isn't always negative. Greed is a motivator. Since all what greedy traders want is more money, greed can push them to be committed to make that money, and yea, Some traders are usually lucky to take the profits they desire.

Many here, both traders and hodlers are greedy, the only difference is that some persons are able to control their greed, while others allow greed control them. The solution here is for traders to have a balance between their greed and carefulness not to overtrade or take decisions that will expose them to more risk.

[vegasus]

Greed will always be something to learn to control while a trader because it cannot be conquered or overcome once. It is the wrong idea to have that immediately that you can overcome greed once, and the emotion will never return. Every trader will be in a constant tussle to keep their emotions of which greed is one of them in check. This is why recognising the concept of greed and how dangerous it can be is an essential to be a successful trader.

The effect of greed is extraordinary, it can make us get the opposite and actually drop much more in the end. Greedy here is especially in the future market, or in setting a certain coin price target, because sometimes, the gap between the ATH and the drop is very fast. and when we want more and more, then it will be dangerous for us.

Greedy is different from risk management on price targets. When we have a certain price target, and we set it, then we observe the market carefully and if we are able to increase the price target higher, then we can do it well, on the basis that we monitor the market in more detail. and in the end, it would be much better if we had a guideline for how much price target we want to achieve.

[dekafee79]

Of course they have their own disciplines on how to manage the market conditions than that of newbies since they are easily being controlled by greed. But though greed comes with emotions and anyone who can control their emotions can as well be able to face the market correctly without having to fall for that nature, we should learn to control the greed in our lives.

I agree we should control greed in our lives, because it is a bad emotion. Moreover, in investment we are often faced with situations that make us confused when the market forces us to change the target higher not according to plan, because the market is moving up and we want a bigger profit, that is our temptation to be greedy.

[lombok]

The effect of greed is extraordinary, it can make us get the opposite and actually drop much more in the end. Greedy here is especially in the future market, or in setting a certain coin price target, because sometimes, the gap between the ATH and the drop is very fast. and when we want more and more, then it will be dangerous for us.

Greedy is different from risk management on price targets. When we have a certain price target, and we set it, then we observe the market carefully and if we are able to increase the price target higher, then we can do it well, on the basis that we monitor the market in more detail. and in the end, it would be much better if we had a guideline for how much price target we want to achieve.

Exactly, Greed is the most difficult obstacle to rational reasoning, especially in fast changing crypto markets. With the risk of loss being much greater when we want big results but don't do the careful calculation ahead of time, we end up there. Thus the key to not losing unneeded capital lies in the balancing of the necessity to make a profit with the capability to understand the situation of the stock market. It allows us to stay on track, even if market moves unpredictably.

In some ways, having a plan with realistic targets can also help us act more effectively. In markets that permit us to weight the target in a more profitable direction, rather than just to get more, there is no good reason to proceed on the basis of desire unless the analysis is thorough. When we have a full control of every decision made, we can choose what investments make more sense, and with this they can deliver higher quality long term results.

[Bobcrypto]

yeah never greedy. But emotion is one of the hardest control in trading specially when in real money not in demo. if you lost today then comeback tomorrow and try again.

I like to make one point very clear to traders/investors, but especially traders. You don't loss a trade except you sell below your entry positions which is as a result of being emotional, and even fear of loosing all. Business is a pool of risks, and crypto being very volatile, we must trade with experience and confidence that the Market can bounce back at any time.
I don't immediately begin to count losses just because markets goes below my entry positions, i know that market may experience sudden dump, it is one of the challenges that i also considered before entering.
In facts, loss should be concluded to have occurred if i sell sell below my entry positions, and this is completely based on fear of losing all or very emotional as i had explained.