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Author Topic: Never Be Greedy!  (Read 24118 times)

Offline UNIVERSE

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Re: Never Be Greedy!
« Reply #180 on: January 17, 2025, 11:10:00 PM »
if I personally control my emotions and avoid greed is by returning to the original plan. because by always sticking to the original plan we can avoid greed. When buying we already have a target and a sales plan and we should always consider this. because greed will always come and we can experience losses if we are too greedy because we miss opportunities.
Original plan? Do you mean initial plan?
Yes, we must always our plan, it may can stop our greed. If we always change the plan, it is very possible that we become greedy. Sometimes, we expect higher and higher goal for profits. You're right, it will be very risky if we become greedy because it may lead to severe losses. Many people lost all their money because they become greedy.


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Re: Never Be Greedy!
« Reply #180 on: January 17, 2025, 11:10:00 PM »

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Offline dekafee79

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Re: Never Be Greedy!
« Reply #181 on: January 17, 2025, 11:53:07 PM »
if I personally control my emotions and avoid greed is by returning to the original plan. because by always sticking to the original plan we can avoid greed. When buying we already have a target and a sales plan and we should always consider this. because greed will always come and we can experience losses if we are too greedy because we miss opportunities.
Original plan? Do you mean initial plan?
Yes, we must always our plan, it may can stop our greed. If we always change the plan, it is very possible that we become greedy. Sometimes, we expect higher and higher goal for profits. You're right, it will be very risky if we become greedy because it may lead to severe losses. Many people lost all their money because they become greedy.
I also sometimes exit the initial plan when I see a very positive market trend but don't be too greedy and must always monitor the market because usually this is very risky when the price suddenly drops.
many suggest to always be in accordance with the initial plan, but I sometimes do something different by raising my target a little when the market moves positively

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Re: Never Be Greedy!
« Reply #181 on: January 17, 2025, 11:53:07 PM »

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Offline enwi

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Re: Never Be Greedy!
« Reply #182 on: January 18, 2025, 11:49:07 PM »
if I personally control my emotions and avoid greed is by returning to the original plan. because by always sticking to the original plan we can avoid greed. When buying we already have a target and a sales plan and we should always consider this. because greed will always come and we can experience losses if we are too greedy because we miss opportunities.
Original plan? Do you mean initial plan?
Yes, we must always our plan, it may can stop our greed. If we always change the plan, it is very possible that we become greedy. Sometimes, we expect higher and higher goal for profits. You're right, it will be very risky if we become greedy because it may lead to severe losses. Many people lost all their money because they become greedy.
I also sometimes exit the initial plan when I see a very positive market trend but don't be too greedy and must always monitor the market because usually this is very risky when the price suddenly drops.
many suggest to always be in accordance with the initial plan, but I sometimes do something different by raising my target a little when the market moves positively
Whenever the signals of the market conditions are positive, it is only human to feel the urge to change something in an attempt to claim more opportunities. Yet getting this just the right balance of risk and safety is something that has to be thought through all the time. Therefore, if the general upturn in prices is noticeable it is rather beneficial to raise targets cautiously as we’ve done before. Although there is no way of escaping risks that stem from changes in the market, there is still the chance to get a better result, all provided that the occurrence is observed and the decision made will be correct. As long as we do not try to make it a regular business of ours and know our limitations well this step can be part of a good learning experience in managing investments.

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Re: Never Be Greedy!
« Reply #183 on: January 20, 2025, 09:01:31 AM »
My experience trading with a capital of 20 dollars that is felt is that Greedy is very strong in enveloping my mentality because I think from the beginning with a small capital but want to make a lot of profit.
Very far from feeling grateful when it goes up to 40% because what exists is wanting to reach 100% so that my profit can reach 40 dollars along with capital.

Only with a target strategy and being grateful, it seems that if I trade in this crypto because it is really very unpredictable for changes in crypto prices and our own emotional levels.
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Offline JISAN

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Re: Never Be Greedy!
« Reply #184 on: January 20, 2025, 03:25:10 PM »
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.
Those who do day trading will definitely get greedy and cannot control themselves from panic because they will have a desire to get something fast. And when in loss will panic and sell their crypto for loss. controlling greed and panic in trading and gambling is very difficult which not everyone can do. And because of this, almost all users lose money in trading and gambling. In these cases the one who can do loss control will be the real gainer
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Re: Never Be Greedy!
« Reply #185 on: January 20, 2025, 05:09:25 PM »
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.
Those who do day trading will definitely get greedy and cannot control themselves from panic because they will have a desire to get something fast. And when in loss will panic and sell their crypto for loss. controlling greed and panic in trading and gambling is very difficult which not everyone can do. And because of this, almost all users lose money in trading and gambling. In these cases the one who can do loss control will be the real gainer
You can not gain in gambling, and if you are a trader with poor knowledge on trading, you will run at loss frequently because you are a gambler. Trading is far beyond what we think it is, because it's more than controlling your emotions but how to know the right time to open a position and study the market with some wvents happening. Currently, that Trump will be sworn in tomorrow, it's easy to know that the price of bitcoin will pump.

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Re: Never Be Greedy!
« Reply #186 on: January 20, 2025, 08:27:23 PM »
In trading and investing, it is important not to be greedy. Because with minimal mistakes that we do, that's where things are going to end up badly. And that's why if we're going to trade, set some targets and limits so that we'll never have any troubles upon trading. Most of the traders end up losing because they're wanting to get as much profits as they can and they're not content with how much they have made.

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Re: Never Be Greedy!
« Reply #186 on: January 20, 2025, 08:27:23 PM »


Offline JoyMarsha

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Re: Never Be Greedy!
« Reply #187 on: January 21, 2025, 09:21:19 PM »
As a trader, you won't be a greedy trader and expect to be successful in trading instead a loser you will become at the end of your journey in trading.

For someone who's into trading, the first and most important thing they learn is to control their greed. The moment they can do that, their trading decision leading to impulsive actions will be controlled, so their profits won't turn to loses

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Re: Never Be Greedy!
« Reply #188 on: January 22, 2025, 08:02:52 AM »
Greed is hard to get rid of because greed comes naturally from within us so I feel that trading cryptocurrency can't get rid of greed. It's better to just be a hodler than to trade because being a hodler means just relaxing but being a hodler is for the long term.
For those who are impatient, it is certain that this coin hodler is not the type, maybe those who are impatient are suited to fast or daily trading and of course dealing with greed and being grateful every day.
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Re: Never Be Greedy!
« Reply #189 on: January 22, 2025, 10:32:18 PM »
As a trader, you won't be a greedy trader and expect to be successful in trading instead a loser you will become at the end of your journey in trading.

For someone who's into trading, the first and most important thing they learn is to control their greed. The moment they can do that, their trading decision leading to impulsive actions will be controlled, so their profits won't turn to loses
Controlling greed requires experience and knowledge. I agree with this opinion. And we must be able to analyze properly, if we are too greedy we will lose the opportunity to gain profit.
Greed will always be there. And we must be able to control it.
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Re: Never Be Greedy!
« Reply #190 on: January 22, 2025, 11:54:38 PM »
Controlling greed requires experience and knowledge. I agree with this opinion. And we must be able to analyze properly, if we are too greedy we will lose the opportunity to gain profit.
Greed will always be there. And we must be able to control it.

Controlling greed does not require any prior experience. Without a doubt, experience is a good teacher, but not the best one for me, as many people believe. You do not need any experience to realize that greed is not a good trait for a trader. If a trader waits to gain experience before learning about the impact of greed on trading, he will undoubtedly have made many mistakes and regrets.

Understand that having regrets in trading means losing a lot of money, so what is the point of waiting to lose money before being able to control greed? However, I agree with you on knowledge because it will help the trader understand the risks of trading with greed. Thus, such knowledge will help the trader appreciate his profit. 

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Re: Never Be Greedy!
« Reply #191 on: January 23, 2025, 01:45:35 AM »
As a trader, you won't be a greedy trader and expect to be successful in trading instead a loser you will become at the end of your journey in trading.

For someone who's into trading, the first and most important thing they learn is to control their greed. The moment they can do that, their trading decision leading to impulsive actions will be controlled, so their profits won't turn to loses
Controlling greed requires experience and knowledge. I agree with this opinion. And we must be able to analyze properly, if we are too greedy we will lose the opportunity to gain profit.
Greed will always be there. And we must be able to control it.
We arent that perfect beings on which its normal that there will really be those impulsive reactions at the time or moment that you will be able to experience those greediness since human beings does really love money and since we do love it then we do want it as much as we could and this is why it will really be that normal that there will be those actions that lapses out or simply violates that limitation, but same as you said that on the time or moment that you do have experience and knowledge about particular things then this is where you will be starting on making up adjustments on which this is something that you will be avoiding it on the second time that you will be able to encounter. You wont be ending up on having some issues if you do just simply learnt from your past mistakes.

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Re: Never Be Greedy!
« Reply #192 on: January 23, 2025, 02:42:20 PM »
As a trader, you won't be a greedy trader and expect to be successful in trading instead a loser you will become at the end of your journey in trading.

For someone who's into trading, the first and most important thing they learn is to control their greed. The moment they can do that, their trading decision leading to impulsive actions will be controlled, so their profits won't turn to loses
Controlling greed requires experience and knowledge. I agree with this opinion. And we must be able to analyze properly, if we are too greedy we will lose the opportunity to gain profit.
Greed will always be there. And we must be able to control it.

Greed follows where potential lies.
But when we feel it's there, we must remember about risk-management and how we should be regarding such emotions and desires.
Let them go.

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Re: Never Be Greedy!
« Reply #193 on: January 23, 2025, 11:57:53 PM »
In trading and investing, it is important not to be greedy. Because with minimal mistakes that we do, that's where things are going to end up badly. And that's why if we're going to trade, set some targets and limits so that we'll never have any troubles upon trading. Most of the traders end up losing because they're wanting to get as much profits as they can and they're not content with how much they have made.
I agree, in some trades we make profits but we only book profits and don't close the trade fully in the greed of making more money from that token and at the end that token dumps more and eat your profit and the capital both and sometimes make you lose too.

Therefore we must have our plan and we must stick to it for better results we should not marry any coin if we are making a profit then leave that coin until we find another opportuntiy in the space.
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Re: Never Be Greedy!
« Reply #194 on: January 24, 2025, 08:17:45 AM »
In trading and investing, it is important not to be greedy. Because with minimal mistakes that we do, that's where things are going to end up badly. And that's why if we're going to trade, set some targets and limits so that we'll never have any troubles upon trading. Most of the traders end up losing because they're wanting to get as much profits as they can and they're not content with how much they have made.
I agree, in some trades we make profits but we only book profits and don't close the trade fully in the greed of making more money from that token and at the end that token dumps more and eat your profit and the capital both and sometimes make you lose too.

Therefore we must have our plan and we must stick to it for better results we should not marry any coin if we are making a profit then leave that coin until we find another opportuntiy in the space.
in trading we should not be greedy and must be in accordance with the initial plan and target, I agree with this because if we are greedy we can lose. the crypto market is very volatile and sometimes does not match our plan and can even be higher than the initial strategy but if we are greedy sometimes the price suddenly drops and we lose the opportunity to make a profit.

 

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