Never Be Greedy!

[SmartGold01]

Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.

Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).

This is bad mate, I don't apply greed to what I am doing as it's a wrong mentality of someone wanting to make some specific x amount of their trading before they could exit the market which to me, I will say is not a good practice and it doesn't helps to increase our portfolio rather it would help to destroy our efforts to what we have sort for long term.

greed is indeed the wrong mentality, because it is not in accordance with the plans and strategies that we have decided. Sometimes greed makes us lose the best opportunity to gain profit. and finally we lose which makes our portfolio decrease.

Watching someone we know pursue something too close and fail to consider the boundaries is frustrating to watch. In some cases, gaining more simply leads to the loss of what one has had; this is especially when claiming the former was insurmountable. Of course, it is always beneficial that things should turn out the way we want them to be, but when we try to impose something heavily without relative understanding of the situation, outcomes are likely to be less optimal. Lust makes people act even when it is unworthy and the result is usually regret instead of achievement of desiring wants. It is probably time to make some conclusions and perhaps, in the next similar situations we would be capable of making decisions calmly without being driven by all sorts of desires.

We should be able to note what is good for us and what Is not right for us, but instead some people never applied more carefulness or becoming more alert on their gain level or profit level to be able to utilize what they have gain already than consistently chasing after what had pass often increases their index level of greed.
Always feeling satisfactory with the profits that has been achieved is always the best to reduce point of Interest and the rate at which lose would be incurred.

[dave_strider]

I agree with you, we must have a plan and run it well.
 People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.

If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.

[LUCKMCFLY]

If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.

I also support the plan, always stick to it no matter what, but there is also something that can be added to the plan: before making your plan, do the most important thing, determine how much money you are willing to risk and lose, because for me the money that we are willing to lose is the most important thing of all, then the plan, because if this is part of the plan, greed will never Appear, obviously that must be fulfilled if the person is very mature and has the necessary discipline to get ahead.

[bounceback]

If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.

I also support the plan, always stick to it no matter what, but there is also something that can be added to the plan: before making your plan, do the most important thing, determine how much money you are willing to risk and lose, because for me the money that we are willing to lose is the most important thing of all, then the plan, because if this is part of the plan, greed will never Appear, obviously that must be fulfilled if the person is very mature and has the necessary discipline to get ahead.

Important point in trading must acceptable for every trader, before trading have set up about how much for taking profit or get stop loss. If any trader have adopt it will difficult get greedy after their coins investing reach higher price and set up before how much increasing price for opening sell order.
The same way when price going down have set up before about how much percent correction for stop loss and have opportunity get recovery later buy back more lower price.

[dekafee79]

If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.

I also support the plan, always stick to it no matter what, but there is also something that can be added to the plan: before making your plan, do the most important thing, determine how much money you are willing to risk and lose, because for me the money that we are willing to lose is the most important thing of all, then the plan, because if this is part of the plan, greed will never Appear, obviously that must be fulfilled if the person is very mature and has the necessary discipline to get ahead.

Important point in trading must acceptable for every trader, before trading have set up about how much for taking profit or get stop loss. If any trader have adopt it will difficult get greedy after their coins investing reach higher price and set up before how much increasing price for opening sell order.
The same way when price going down have set up before about how much percent correction for stop loss and have opportunity get recovery later buy back more lower price.

We do have to determine the profit target that we will take and must be consistent with that plan. However, due to lack of experience, sometimes people are greedy when they see the market trend going up and hope to get bigger profits.
We will be faced with greed when trading and I often lose the opportunity to sell and make a profit because of that greed.
Honestly, controlling emotions is as difficult as it is to do, many people think so

[vegasus]

If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.

I also support the plan, always stick to it no matter what, but there is also something that can be added to the plan: before making your plan, do the most important thing, determine how much money you are willing to risk and lose, because for me the money that we are willing to lose is the most important thing of all, then the plan, because if this is part of the plan, greed will never Appear, obviously that must be fulfilled if the person is very mature and has the necessary discipline to get ahead.

I also think so. When trading, a plan is a basic thing that I must have. However, it is not something that must be 1000% in accordance with what is in the plans. Because after all, market conditions can change very quickly and drastically. And when we start to realize that, we can start to see and analyze our trading that we are setting, maybe it allows us to change or do other strategies at that time. So that the main goal remains to achieve as much profit as possible.

[Faisal2202]

I agree with you, we must have a plan and run it well.
 People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.

If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.

If we chase big profits then yeah we can even lose the small ones too if we don't book the big profits we can even lose the small lrofits therefore whenever we have the chanace we ahould book the small profits too.

We should not think that we can make 100$ straight from this trade

[rizqillah]

I agree with you, we must have a plan and run it well.
 People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.

If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.

If we chase big profits then yeah we can even lose the small ones too if we don't book the big profits we can even lose the small lrofits therefore whenever we have the chanace we ahould book the small profits too.

We should not think that we can make 100$ straight from this trade

I think we should have a target and be consistent with our plan. because big or small profits are according to market conditions that are difficult to predict. If I can't get big profits, I will take the opportunity to get small profits.
Because the opportunities in the crypto market for the short term are difficult to predict

[enwi]

I agree with you, we must have a plan and run it well.
 People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.

If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.

If we chase big profits then yeah we can even lose the small ones too if we don't book the big profits we can even lose the small lrofits therefore whenever we have the chanace we ahould book the small profits too.

We should not think that we can make 100$ straight from this trade

I think we should have a target and be consistent with our plan. because big or small profits are according to market conditions that are difficult to predict. If I can't get big profits, I will take the opportunity to get small profits.
Because the opportunities in the crypto market for the short term are difficult to predict

It is a sign of market awareness if one can actually set goals and follow them to their logical conclusion. It is a fact that price changes in digital assets can be unpredictable therefore having a system that can operate in existing conditions is explicable. But if the big profit opportunity is not yet open, obtaining a small profit is another effective step. Unfortunately, no one knows how the market will behave in the closest future, but it still makes perfect sense to take any opportunity which is present at the moment. This attitude indicates that too we have our own style of managing the assets bearing in mind the various things that could at any given moment happen.

[Alone055]

no one knows how the market will behave in the closest future, but it still makes perfect sense to take any opportunity which is present at the moment.

Of course, if you are not doing that as a trader, you are doing it wrong. I understand that sometimes you might get bigger profits if you stay patient, but that doesn't work all the time. Sometimes, your patience can make you regret your decision because you might lose the profits you were getting before and also lose some money on top of that. I'm saying this from experience because I have faced such situations a lot of times during trading, and I know it's better to stick with your plan instead of getting greedy.

If someone is waiting for higher profits when they are already in profit, it means they are treating trading just like gambling, and we know gambling and trading aren't the same, and they should be treated differently.

So, the best thing is to book your profits whenever you are getting them, and this is about short-term traders and not long-term ones.

[JISAN]

It is a sign of market awareness if one can actually set goals and follow them to their logical conclusion. It is a fact that price changes in digital assets can be unpredictable therefore having a system that can operate in existing conditions is explicable. But if the big profit opportunity is not yet open, obtaining a small profit is another effective step. Unfortunately, no one knows how the market will behave in the closest future, but it still makes perfect sense to take any opportunity which is present at the moment. This attitude indicates that too we have our own style of managing the assets bearing in mind the various things that could at any given moment happen.

Those who buy and hold coins like Bitcoin, ETH, BNB, SOL on the spot and don't sell them despite being in profit can't be called greedy.  But those who invest in memecoin or hyped coins to get a quick profit but don't sell them despite the profit to make more profit or those who trade futures to multiply their funds very quickly are greedy.  And such greedy people can never succeed.  Sometimes they profit more than the normal trading profit but when they lose it is many times more than that.  This time they can never be in profit.  To get good from crypto one must have patience and at the same time have good knowledge about crypto.  Just having the ability to invest is not enough to succeed in crypto.

[milewilda]

I agree with you, we must have a plan and run it well.
 People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.

If you follow the plan - you are less likely to make mistakes and you play it safe by realizing your profit instead of trying to see bigger results, that may vanish at many moments of the trading session.

If we chase big profits then yeah we can even lose the small ones too if we don't book the big profits we can even lose the small lrofits therefore whenever we have the chanace we ahould book the small profits too.

We should not think that we can make 100$ straight from this trade

I think we should have a target and be consistent with our plan. because big or small profits are according to market conditions that are difficult to predict. If I can't get big profits, I will take the opportunity to get small profits.
Because the opportunities in the crypto market for the short term are difficult to predict

Its never been easy to predict on how this market behaves or works on which it will really be that normal that you would be commiting out mistakes and having no assurance about on the outcomes and results on which you would really be having into this market.  Greediness on which its part of a human being on which at the time that you will really be seeing that you are already that making up some profits on your investments or trades but sooner or later on which you would really be able to notice out on how you would really be making out that adjustments into your trading on which you do seem that it will benefit you out. Never be greedy because once this emotions will be kicking in then it will be that so hard for you to control and you should be that mindful about into the possible outcomes that lies ahead.

[dekafee79]

Its never been easy to predict on how this market behaves or works on which it will really be that normal that you would be commiting out mistakes and having no assurance about on the outcomes and results on which you would really be having into this market.  Greediness on which its part of a human being on which at the time that you will really be seeing that you are already that making up some profits on your investments or trades but sooner or later on which you would really be able to notice out on how you would really be making out that adjustments into your trading on which you do seem that it will benefit you out. Never be greedy because once this emotions will be kicking in then it will be that so hard for you to control and you should be that mindful about into the possible outcomes that lies ahead.

It is indeed not easy to predict the movement of the crypto market, because the very volatile crypto market makes us interested in investing in crypto.
talking about greed I think we can raise the target when we see a positive trend, but it must be with the right analysis. because greed is always there, if supported by the right analysis I think this is also a form of bad emotional control, greed.

[LUCKMCFLY]

Important point in trading must acceptable for every trader, before trading have set up about how much for taking profit or get stop loss. If any trader have adopt it will difficult get greedy after their coins investing reach higher price and set up before how much increasing price for opening sell order.
The same way when price going down have set up before about how much percent correction for stop loss and have opportunity get recovery later buy back more lower price.

Well, I have a simple strategy, at the moment when an imminent take profit is approaching, make a quick movement and it consists of that the take profit once it is reached and passed becomes a stop loss and a new goal is set, or a new objective to reach, a new take profit Taking as a base the previous take profit as a stop, I think that is the most protected thing that can be done Without risk, not going at the disposal of the bosses letting yourself be completely carried away by the Trade.

[LUCKMCFLY]

We do have to determine the profit target that we will take and must be consistent with that plan. However, due to lack of experience, sometimes people are greedy when they see the market trend going up and hope to get bigger profits.
We will be faced with greed when trading and I often lose the opportunity to sell and make a profit because of that greed.
Honestly, controlling emotions is as difficult as it is to do, many people think so

That usually happens a lot when companies see that bitcoin goes up and up, they buy expensive thinking that they will continue earning and no, the market does not work like that, some will be lucky and yes, they earn something, but it is advisable to buy when the price is cheap or well below what the ATH was, for me it is understandable that you can buy like that, maybe companies know that btc continues to rise and that they get excited, that is normal in the markets and more so in the btc market, something like this always tends to happen.