Never Be Greedy!

[Didia Sofunichi]

Greed impact trading negatively. Traders who are greedy often sell their goods or services above market price. Greedy traders often loose their customers, because customers once in a while compare the price of the goods and services they consume. In some cases a conversation between family and friends can reveal that they pay more for a certain good or service, this can get customers upset.

[Bobcrypto]

That's how it is when we trade crypto, the rapid price increase sometimes does not make us satisfied and then sells the coins.
But still hoping the price will continue to rise, but what happens? Our chance to make a profit is lost because the price is corrected.
This experience should be able to make us more mature, and eliminate greed in this crypto trading.

I use to tell people that profits is profit no matter the size of it. As long as you didn't make any loss in your trade, appreciate it and take the profit, don't feel ungrateful when you see the price going higher and higher, you would have been sad if the coin price go down and you couldn't get to take your profit, there is nothing bad in taking profit.

There is no way a trader will get the perfect time to take profit at all time high, only a person that is greedy will ever think of that and in that process, you might lose after everyone has taken their profits.

Yes, I think from your points, this trading idea to always take profits whenever there is price increase is called scalping, a method where a trader take advantage of a slight market price increase to sell or closed his/her positions. Scalping is a good idea especially when trading future options. It is a great trading options that helps to consistently take profit with very little price margin over times.
In addition, taking profit is necessary especially if a trader has little experience, or emotional when he sees a volatile market.

[Chilwell]

Greed can be a trader's worst enemy, as it is a major obstacle to success. It can lead to impulsive decisions and reckless risk-taking. When greed takes over, traders make poor decisions, ignore risk management, and chase losses in pursuit of huge profits.

Remember, trading is a long-term game that requires patience, discipline, and a clear mindset. Avoid greed and trade with a clear mindset to achieve your goals, even if it means smaller profits.

[nakmantu99]

Greed can be a trader's worst enemy, as it is a major obstacle to success. It can lead to impulsive decisions and reckless risk-taking. When greed takes over, traders make poor decisions, ignore risk management, and chase losses in pursuit of huge profits.

Remember, trading is a long-term game that requires patience, discipline, and a clear mindset. Avoid greed and trade with a clear mindset to achieve your goals, even if it means smaller profits.

Greed is the biggest enemy of traders, so it takes knowledge and experience to be able to control greed.
in making investments and making decisions must be based on proper analysis by monitoring market movements, if we are greedy to get high results and get out of the plan that we have targeted, of course this is risky if the market suddenly corrects and we lose the opportunity to sell because of our greedy nature.

[JusticeDeGreat]

Greediness can cost one to loose all his hard earnings.  I cam relate through experience.

[Penlex_Writer]

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.

greediness is not a key for a successful trader.

[sagarmota10]

Yes, it's hardest reality that trader or investor can not be the greedy but the markets always play with our mind set and give a multiple time opportunities which can give us small profits but humans are always waiting for 4x 8x 10x and missed the those small profits which can be the same in after some times if play with decipline.

[Mr. Magkaisa]

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.

greediness is not a key for a successful trader.

          -     No one has ever been successful because of greed, we know that having this character in an individual has never brought anything good.
This is what often brings down failed traders.

So as long as we can, let's not let greed consume us in our thoughts or personalities. Greed is bad, it is never good, so what you said in your last sentence is correct op.

[ajiz138]

          -     No one has ever been successful because of greed, we know that having this character in an individual has never brought anything good.
This is what often brings down failed traders.

So as long as we can, let's not let greed consume us in our thoughts or personalities. Greed is bad, it is never good, so what you said in your last sentence is correct op.

Even when someone is greedy it will destroy themselves, I see a lot in life, although it has nothing to do with trading, but it can be a picture of how greed can destroy our lives.

Especially in trading which is very much related to a very volatile market. So it is better to have a profit plan from the start and even minimizing losses by setting a stop loss target is also recommended.

[Rubel007]

          -     No one has ever been successful because of greed, we know that having this character in an individual has never brought anything good.
This is what often brings down failed traders.

So as long as we can, let's not let greed consume us in our thoughts or personalities. Greed is bad, it is never good, so what you said in your last sentence is correct op.

Even when someone is greedy it will destroy themselves, I see a lot in life, although it has nothing to do with trading, but it can be a picture of how greed can destroy our lives.

Especially in trading which is very much related to a very volatile market. So it is better to have a profit plan from the start and even minimizing losses by setting a stop loss target is also recommended.

I have seen some trades where there was a provability of making high profit but later it turned out to be rather downward. Those who do not set stop loss in trading will rather lose. Sometimes, despite making a profit due to greed, there is a loss. Setting a stop loss is definitely important. It helps to keep a trader safe. Especially if someone is participate in future trade, it is pretty much mandatory to do that.

[UNIVERSE]

Even when someone is greedy it will destroy themselves, I see a lot in life, although it has nothing to do with trading, but it can be a picture of how greed can destroy our lives.

Greed always ends up with bad thing. Every trader must be aware to avoid greedy because it will ruin everything. There is no chance to succeed if a trader becomes greedy. It only leads to a regret because of losing the opportunity of a success.

Especially in trading which is very much related to a very volatile market. So it is better to have a profit plan from the start and even minimizing losses by setting a stop loss target is also recommended.

Yes, trading crypto must deal with big volatility in the market. If we are greedy, we may lose the opportunity to gain big profits. I ever experienced this several times. I lost the chance to gain thousands dollars, I end up with no gain money at all because they coins have no value anymore.

[Celsius]

Greed impact trading negatively. Traders who are greedy often sell their goods or services above market price. Greedy traders often loose their customers, because customers once in a while compare the price of the goods and services they consume. In some cases a conversation between family and friends can reveal that they pay more for a certain good or service, this can get customers upset.

The more a greedy person gets, the more they want. Especially in the case of trading, if there is a profit, then the greed awakens in his mind so much that he wants more and more. Thus, despite having some benefit, he is deprived of all good things only because of his greed.

[omori]

Greed impact trading negatively. Traders who are greedy often sell their goods or services above market price. Greedy traders often loose their customers, because customers once in a while compare the price of the goods and services they consume. In some cases a conversation between family and friends can reveal that they pay more for a certain good or service, this can get customers upset.

The more a greedy person gets, the more they want. Especially in the case of trading, if there is a profit, then the greed awakens in his mind so much that he wants more and more. Thus, despite having some benefit, he is deprived of all good things only because of his greed.

That's why we need to trade responsibly and have goals in our minds once we enter the market.
Otherwise, there would be no gain in the end, only loss.

[bitbit97]

The more a greedy person gets, the more they want. Especially in the case of trading, if there is a profit, then the greed awakens in his mind so much that he wants more and more. Thus, despite having some benefit, he is deprived of all good things only because of his greed.

That can even be described not as greed, but a person can never get enough or it is hard to be satisfied when you have tasted victory previously. That can be spotter easily in gambling and trading. When a person had won a lot, he will never be ok with winning less than that. Same related to trading and investing. If a person has earned easily and large money, made x5, then he would never be satisfied with <x2 profit. People get used to nice quick, used to good life, and they find it hard to agree for less later.

[DragonF]

The more a greedy person gets, the more they want. Especially in the case of trading, if there is a profit, then the greed awakens in his mind so much that he wants more and more. Thus, despite having some benefit, he is deprived of all good things only because of his greed.

The trader will always be unhappy, regardless of the amount of profit made, which is why greed is bad for a trader. Because of this discontent, he trades with his profit in an attempt to increase it, but ultimately loses everything due to the market's volatility. Making a lot of money should not be the trader's concern in order to curb this greed.

When a trader is not concerned with making a lot of profit, he will value his profit regardless of how little it may be. In actuality, traders who are happy with their profits are the ones who benefit the most from the market because they are less hungry for more and will use their money more wisely. Only greed causes something meaningful to become meaningless.