Never Be Greedy!

[Faisal2202]

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

Let's say you joined market in November or December of 2024 and the future seems too bullish to you that you want 3x or 10x from your crypto investments (that is big target) and you planned everything and did all research to see if it is valid approach or not, meanwhile you are making 80% profit 50% profit but you plan to book big, so you are not booking that small profit, and now as of Jan and Feb all market is 40 to 50 percentage down.

That's why I said it is better to book small profit rather than going for big ones, because we can't really know the actual plan of market.

[LogitechMouse]

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

Well, that's a given already. I mean how could a trader doesn't have a plan to start with. That's a recipe for disaster that's for sure.

What I'm doing when I'm trading is that, when I see a profit already in my position, I'm adjusting my stop loss to my entry price. For example, if I see that I'm up 20%, I'm putting my stop loss at entry price so it will be a breakeven trade (excluding fees) or I will ride the wave to either higher or lower. Whatever the case is, at least I'm risk free. Having an opportunity to get small profits would be a good thing, but you must follow the system that you have. If you believe in your analysis, you should follow it no matter what happens. Having a system that would help you will be beneficial

[enwi]

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.

This is because fast market movements compel many to increase targets as far as the prevailing trend is concerned. This is natural particularly when a number of the assets have high volatility levels. However, when decisions are taken based on impulse and not well thought out, the consequences that are realised are not as good as expected. It is pivotal to differentiate what it means to adapt an approach by means of analysis and what it means by pure pursuit of even larger rewards irrespective of the associated risks. The need for achieving results is obviously not reprehensible, particularly when it is done in an uncontrolled manner attributable to imbalance in decisions.

[Nheer]

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

Let's say you joined market in November or December of 2024 and the future seems too bullish to you that you want 3x or 10x from your crypto investments (that is big target) and you planned everything and did all research to see if it is valid approach or not, meanwhile you are making 80% profit 50% profit but you plan to book big, so you are not booking that small profit, and now as of Jan and Feb all market is 40 to 50 percentage down.

That's why I said it is better to book small profit rather than going for big ones, because we can't really know the actual plan of market.

Market is always unpredictable most times it goes sideways of your strategy, but when ever the market meets your needs take advantage of it and take what so ever profits you have accumulated being it big or small after all profits is still moving your capital no matter how little is comes. The system of the market always try to fool a lot of traders and they get into deep loss.

[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.

          -      Wherever we go, greed is always there, in the back of our minds, no matter what you do, whether trading or not, as long as greed crosses your mind and you absorb it, whatever you do, the result for sure will not be good.

That's why being greedy is a matter of choice as other people here often say, even though most people know that it does not bring any good to any individual.

[Faisal2202]

Market is always unpredictable most times it goes sideways of your strategy, but when ever the market meets your needs take advantage of it and take what so ever profits you have accumulated being it big or small after all profits is still moving your capital no matter how little is comes. The system of the market always try to fool a lot of traders and they get into deep loss.

That is very true, market is trying to fool us or we can say market makers try to fool us and most of the times its the centralized exchanges who try to fool us because they have to make money from future or margin traders. If they won't do some dark stuff from their end then it would be very hard for them to make constant profit, for now it's the Trump who is dumping the market.

But in past there were many cases against Binance and some other where they said they tried to manipulate the order book, to dump the market, point is, market will make us fool either via news outlets by sharing wrong dumping or pumping news.

[dekafee79]

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.

          -      Wherever we go, greed is always there, in the back of our minds, no matter what you do, whether trading or not, as long as greed crosses your mind and you absorb it, whatever you do, the result for sure will not be good.

That's why being greedy is a matter of choice as other people here often say, even though most people know that it does not bring any good to any individual.

Agreed, greed will not bring goodness. Because this emotion makes us not focus on the goals and strategies that we have prepared, we should always stick to the plan we have. And this will often happen in our lives, especially in crypto investment, we will always face greed.

[sampoerna]

Agreed, greed will not bring goodness. Because this emotion makes us not focus on the goals and strategies that we have prepared, we should always stick to the plan we have. And this will often happen in our lives, especially in crypto investment, we will always face greed.

Exactly, greed will make us easily rush into conclusions, over-expectations, and easily carried away by hype for profits. I read some people say we need greed to increase our ability. NO, it is not greed that must be increased, but we should increase our ability to manage risk and funds, so it is not because of greed but to our policy in drawing conclusions based on several conditions. And here, indeed, we must be able to make ourselves truly willing and sure that we are the ones who care, so there is no need for greed, it is better to install the best possible strategy according to market conditions.

[debra]

Market is always unpredictable most times it goes sideways of your strategy, but when ever the market meets your needs take advantage of it and take what so ever profits you have accumulated being it big or small after all profits is still moving your capital no matter how little is comes. The system of the market always try to fool a lot of traders and they get into deep loss.

Of course, the market easily changes because crypto price is very volatile. Moreover, the news or rumors can influence the trends in the market. It makes the worse situation in crypto market whenever there is bad news or bad rumors. So, we must be very careful and always monitor the updates of any news/rumors. When it looks like to have bad news, we are better to take profits soon if we are trading daily or holding in a short time. We sometimes need to feel satisfied to avoid missing profits. Taking profits soon is sometimes needed.

[ajiz138]

Agreed, greed will not bring goodness. Because this emotion makes us not focus on the goals and strategies that we have prepared, we should always stick to the plan we have. And this will often happen in our lives, especially in crypto investment, we will always face greed.

Exactly, greed will make us easily rush into conclusions, over-expectations, and easily carried away by hype for profits. I read some people say we need greed to increase our ability. NO, it is not greed that must be increased, but we should increase our ability to manage risk and funds, so it is not because of greed but to our policy in drawing conclusions based on several conditions. And here, indeed, we must be able to make ourselves truly willing and sure that we are the ones who care, so there is no need for greed, it is better to install the best possible strategy according to market conditions.

I have never heard of someone being successful with greed, indeed at first they might be able to, but gradually greed will bring problems for them. Not only in trading, but in everyday life it must be avoided. I have seen how greed destroys someone's life. Initially there were siblings fighting over an inheritance and the older sibling was greedy so that the younger sibling got a small portion of what he should have, after that the older sibling was the one who lived in difficulty, even though at first he was the one who had a lot of inheritance, that is something I saw myself.

[doc]

I have never heard of someone being successful with greed, indeed at first they might be able to, but gradually greed will bring problems for them. Not only in trading, but in everyday life it must be avoided. I have seen how greed destroys someone's life. Initially there were siblings fighting over an inheritance and the older sibling was greedy so that the younger sibling got a small portion of what he should have, after that the older sibling was the one who lived in difficulty, even though at first he was the one who had a lot of inheritance, that is something I saw myself.

The story I've heard like the one you told, it often happens in our lives. Greed will bring disaster to those who can't control this bad emotion. I've also never heard of anyone succeeding because of greed. because in life do it with focus and avoid bad emotions.

[Nheer]

I have never heard of someone being successful with greed, indeed at first they might be able to, but gradually greed will bring problems for them. Not only in trading, but in everyday life it must be avoided. I have seen how greed destroys someone's life. Initially there were siblings fighting over an inheritance and the older sibling was greedy so that the younger sibling got a small portion of what he should have, after that the older sibling was the one who lived in difficulty, even though at first he was the one who had a lot of inheritance, that is something I saw myself.

The story I've heard like the one you told, it often happens in our lives. Greed will bring disaster to those who can't control this bad emotion. I've also never heard of anyone succeeding because of greed. because in life do it with focus and avoid bad emotions.

But no matter what, bad emotions do find their way to us in every situation we are in life, all we just have to do is deal with it and overcome it. It normal for such emotions to disturb oneself but trying to overcome and push ourselves through is the perfect way to deal with it. Especially on trading greediness normally appears is either you are trying to accumulate much profit than your strategy cause of the market went well and go as you predicted and end up getting fooled by the market and end up in loss or not having the profits you were supposed having. Let try and avoid greed most especially the newbie take the little you can from the market and be patience with time things will fall in order.

[ajiz138]

I have never heard of someone being successful with greed, indeed at first they might be able to, but gradually greed will bring problems for them. Not only in trading, but in everyday life it must be avoided. I have seen how greed destroys someone's life. Initially there were siblings fighting over an inheritance and the older sibling was greedy so that the younger sibling got a small portion of what he should have, after that the older sibling was the one who lived in difficulty, even though at first he was the one who had a lot of inheritance, that is something I saw myself.

The story I've heard like the one you told, it often happens in our lives. Greed will bring disaster to those who can't control this bad emotion. I've also never heard of anyone succeeding because of greed. because in life do it with focus and avoid bad emotions.

Yes, that is a true story that I experienced, and there may be many similar stories out there. Actually, greed is also just an outline, because it can bring other things. For example, greed will make us jealous of what others do or what others get. Well, these kinds of traits will come if we have greed and of course it is a bad trait.

[enwi]

I have never heard of someone being successful with greed, indeed at first they might be able to, but gradually greed will bring problems for them. Not only in trading, but in everyday life it must be avoided. I have seen how greed destroys someone's life. Initially there were siblings fighting over an inheritance and the older sibling was greedy so that the younger sibling got a small portion of what he should have, after that the older sibling was the one who lived in difficulty, even though at first he was the one who had a lot of inheritance, that is something I saw myself.

The story I've heard like the one you told, it often happens in our lives. Greed will bring disaster to those who can't control this bad emotion. I've also never heard of anyone succeeding because of greed. because in life do it with focus and avoid bad emotions.

In the realities of our lives it is impossible to avoid various tests of our actions and our attitude. It is a well-known fact that every action has its repercussions and it is probably true that whatever is done in the name of lust is likely to end up something other than good. Suppose that a certain person would cling to something relative to their wants but they are not able to consider the implications of it, it becomes a problem. Thus, it can be concluded that in any situation in our life we can always learn something new starting from ourselves and to the more impressive events occurring in other people’s lives. Actually, the opportunities are given in life and based on the experience which has been gained, we are to learn how to enjoy and live everything in a more calm and conscious manner.

[tequilla_sunset]

Yes, that is a true story that I experienced, and there may be many similar stories out there. Actually, greed is also just an outline, because it can bring other things. For example, greed will make us jealous of what others do or what others get. Well, these kinds of traits will come if we have greed and of course it is a bad trait.

That's where knowledge and the cold head come into place.

Risk management is essential to keep up the pace and not fall off eventually.