Never Be Greedy!

[LogitechMouse]

But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.

Greed can be controlled if you have clear targets ahead of yourself.

It can't hit you when you are working toward a goal, not something that is not seen or well-thought: many become greedy if they see green and it only rises, only to plummit in one swift go.

Sadly, not all traders don't have any clear targets at all. Having a target means having a take profit price, but at the same time, having a stop-loss as well.

Speaking of stop-loss, just imagine those who lost their money when they entered a long position on OM a few days ago. They entered without any stop-loss hence, they got liquidated. They got liquidated at a time where they didn't expect they will. If you put a stop-loss on it, you will end up losing fewer money than if you didn't. For me, not having a stop-loss equals the definition of being greedy because you're trying to get the maximum amount of profits that you can get. Yes, having a stop-loss might not be a requirement if you're watching the token's price movement.

Overall, being greedy is quite common, but learning how not to be to is doable. You just need to have more experience.

[Nheer]

But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.

Greed can be controlled if you have clear targets ahead of yourself.

It can't hit you when you are working toward a goal, not something that is not seen or well-thought: many become greedy if they see green and it only rises, only to plummit in one swift go.

Sadly, not all traders don't have any clear targets at all. Having a target means having a take profit price, but at the same time, having a stop-loss as well.

Speaking of stop-loss, just imagine those who lost their money when they entered a long position on OM a few days ago. They entered without any stop-loss hence, they got liquidated. They got liquidated at a time where they didn't expect they will. If you put a stop-loss on it, you will end up losing fewer money than if you didn't. For me, not having a stop-loss equals the definition of being greedy because you're trying to get the maximum amount of profits that you can get. Yes, having a stop-loss might not be a requirement if you're watching the token's price movement.

Overall, being greedy is quite common, but learning how not to be to is doable. You just need to have more experience.

A experience trader can be so greedy to. Most experience traders don’t use stop loss and they get wiped out by the market. Greediness isn’t about experience or not I can come into trading now and make use of stop loss and take profits that makes me not greedy and trying to build my capital. But making use of tp and sl is really a perfect way to avoid bigger and loss and gain profitable entry. 
Practicing the stop loss and take profits tool will guide you through the road of trading.

[ajiz138]

I think they don't keep it, but they are too late or have not realized that they are greedy. I think I have been in that position before I finally realized that it was greed.

Unless they already know that they are wrong but they continue to do it. But I am sure that most people do not want to be like that, but they find it difficult to control it.

It takes experience to control greed, because greed will always be there and learning emotional management takes a lot of practice.
At the beginning of investing and trading, I was often greedy to the point of missing the best opportunity to make a profit,
and by starting to have knowledge, experience and understanding the character of the crypto market, I was finally able to control bad emotions such as greed

Well that's the point, as time goes by we will definitely find something wrong and that is what can ultimately make us better in the future.

Everyone has a greedy nature in them, it's just that some people can control it because they are knowledgeable and experienced enough so that they can suppress something that can lead us into a bad situation, one of which is greed.

[Blaze]

Sadly, not all traders don't have any clear targets at all. Having a target means having a take profit price, but at the same time, having a stop-loss as well.

Speaking of stop-loss, just imagine those who lost their money when they entered a long position on OM a few days ago. They entered without any stop-loss hence, they got liquidated. They got liquidated at a time where they didn't expect they will. If you put a stop-loss on it, you will end up losing fewer money than if you didn't. For me, not having a stop-loss equals the definition of being greedy because you're trying to get the maximum amount of profits that you can get. Yes, having a stop-loss might not be a requirement if you're watching the token's price movement.

Overall, being greedy is quite common, but learning how not to be to is doable. You just need to have more experience.

The desire to make as much money as is humanly possible can quickly cause us to set aside many of the fundamental elements in trading which include utilising the stop loss. Without such an identified loss limit then one is able to lose as much as he or she should not afford to lose. Unfortunately, when the prices start moving in the opposite direction of the forecasts, the traders who failed to set up a stop loss end up holding the position due to greed or excessive hope. Unfortunately, many people have realised the use of such a strategy as a stop loss, as it leads to constant small losses, but at the same time can protect from large losses. Despite getting the feeling that one is in charge of the market, uncertainties always lurk around the corner. Hence, successful risk management is also the only proper way to carry on the business in the long term, averting certain percentages of profit at times.

[Uruhara]

Well that's the point, as time goes by we will definitely find something wrong and that is what can ultimately make us better in the future.

Everyone has a greedy nature in them, it's just that some people can control it because they are knowledgeable and experienced enough so that they can suppress something that can lead us into a bad situation, one of which is greed.

yeah right. But it seems that the more experienced we are in trading, the more skilled we will be at being able to control our emotions in trading, such as greed itself. And another emotion that is quite difficult to control is fear. And the fear of being left behind sometimes makes many novice traders become Fomo and buy when the price has reached its peak. And usually experienced traders no longer suffer from Fomo. Because they know Fomo can also ruin their trading.

[Mr. Magkaisa]

But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.

Greed can be controlled if you have clear targets ahead of yourself.

It can't hit you when you are working toward a goal, not something that is not seen or well-thought: many become greedy if they see green and it only rises, only to plummit in one swift go.

Sadly, not all traders don't have any clear targets at all. Having a target means having a take profit price, but at the same time, having a stop-loss as well.

Speaking of stop-loss, just imagine those who lost their money when they entered a long position on OM a few days ago. They entered without any stop-loss hence, they got liquidated. They got liquidated at a time where they didn't expect they will. If you put a stop-loss on it, you will end up losing fewer money than if you didn't. For me, not having a stop-loss equals the definition of being greedy because you're trying to get the maximum amount of profits that you can get. Yes, having a stop-loss might not be a requirement if you're watching the token's price movement.

Overall, being greedy is quite common, but learning how not to be to is doable. You just need to have more experience.

A experience trader can be so greedy to. Most experience traders don’t use stop loss and they get wiped out by the market. Greediness isn’t about experience or not I can come into trading now and make use of stop loss and take profits that makes me not greedy and trying to build my capital. But making use of tp and sl is really a perfect way to avoid bigger and loss and gain profitable entry. 
Practicing the stop loss and take profits tool will guide you through the road of trading.

         -      I don't think all experienced traders fall into greediness, although maybe the majority of traders don't put SL most of the time and sometimes I do it when I forget before I go to sleep. This has happened to me a few times.

That's why I also agree with what you said that it's really good to practice putting SL when we carry out trading activity here in the crypto market that we are in.

[ajiz138]

Well that's the point, as time goes by we will definitely find something wrong and that is what can ultimately make us better in the future.

Everyone has a greedy nature in them, it's just that some people can control it because they are knowledgeable and experienced enough so that they can suppress something that can lead us into a bad situation, one of which is greed.

yeah right. But it seems that the more experienced we are in trading, the more skilled we will be at being able to control our emotions in trading, such as greed itself. And another emotion that is quite difficult to control is fear. And the fear of being left behind sometimes makes many novice traders become Fomo and buy when the price has reached its peak. And usually experienced traders no longer suffer from Fomo. Because they know Fomo can also ruin their trading.

Of course, because with the experience we have, we will become more aware of what we can do to control something negative in trading, namely emotions.

As we all know, experience is very important in the journey of life, in this case for trading. The longer we trade, the more our knowledge and skills should increase to do better trading.

[DragonF]

Of course, because with the experience we have, we will become more aware of what we can do to control something negative in trading, namely emotions.

As we all know, experience is very important in the journey of life, in this case for trading. The longer we trade, the more our knowledge and skills should increase to do better trading.

I agree. The more a trader trades the more experience gets. This is important because trading is both a mental and technical game and the mental and technical ability of the trader can go a long way in determining how a gambler controls his emotions which is as important as reading trading charts and following the trends in the charts.

I think that everything in trading revolves around the trader's emotions. When a trader experiences fear and greed, his trading style changes because his trading is undoubtedly influenced by his emotions. 

[doc]

Of course, because with the experience we have, we will become more aware of what we can do to control something negative in trading, namely emotions.

As we all know, experience is very important in the journey of life, in this case for trading. The longer we trade, the more our knowledge and skills should increase to do better trading.

I agree. The more a trader trades the more experience gets. This is important because trading is both a mental and technical game and the mental and technical ability of the trader can go a long way in determining how a gambler controls his emotions which is as important as reading trading charts and following the trends in the charts.

I think that everything in trading revolves around the trader's emotions. When a trader experiences fear and greed, his trading style changes because his trading is undoubtedly influenced by his emotions.

In trading it requires experience, so it is recommended that we always practice in trading, because it takes a need to dance at Crypto.
 Being an expert or professional takes time, so we must be foksu in learning it. Analysis and strategies that we make must be appropriate in order to be able to make maximum profits in trade.

[debra]

In trading it requires experience, so it is recommended that we always practice in trading, because it takes a need to dance at Crypto.
 Being an expert or professional takes time, so we must be foksu in learning it. Analysis and strategies that we make must be appropriate in order to be able to make maximum profits in trade.

Experience is needed, but experience will always improve along with the increasing number of our trading. Experts or professional traders, they must already trade for many times, so they have a lot of experience. But they must already pass the process of learning, and they will keep learning forever. Even experts, there is no term of stopping from learning.

[ajiz138]

Of course, because with the experience we have, we will become more aware of what we can do to control something negative in trading, namely emotions.

As we all know, experience is very important in the journey of life, in this case for trading. The longer we trade, the more our knowledge and skills should increase to do better trading.

I agree. The more a trader trades the more experience gets. This is important because trading is both a mental and technical game and the mental and technical ability of the trader can go a long way in determining how a gambler controls his emotions which is as important as reading trading charts and following the trends in the charts.

I think that everything in trading revolves around the trader's emotions. When a trader experiences fear and greed, his trading style changes because his trading is undoubtedly influenced by his emotions.

Well, we also have to be able to evaluate our trading results, both when we lose and when we win. I think it is very important to make us able to re-analyze the results of our trading, of course the goal is to be better.

The problem is when we are lazy to make an evaluation, that is what can be dangerous in my opinion. For example, when we win, well, that can make us think that we are very capable, even though we are not at that level yet.

[DragonF]

Well, we also have to be able to evaluate our trading results, both when we lose and when we win. I think it is very important to make us able to re-analyze the results of our trading, of course the goal is to be better.

The problem is when we are lazy to make an evaluation, that is what can be dangerous in my opinion. For example, when we win, well, that can make us think that we are very capable, even though we are not at that level yet.

Balancing profit and losses is important for a trader but this is something that most traders ignore. When they are profiting they tie it to their skill and ignore any form of evaluation. It is only when there are losses that a trader is bothered about knowing the causes of the loss.

To me, this is not right. Regardless of whether trading goes the right way or not it is always good for a trader to evaluate his trade. Even when there are profits, it is still necessary to trace what was done rightly if it is market conditions or strategy.

[doc]

Well, we also have to be able to evaluate our trading results, both when we lose and when we win. I think it is very important to make us able to re-analyze the results of our trading, of course the goal is to be better.

The problem is when we are lazy to make an evaluation, that is what can be dangerous in my opinion. For example, when we win, well, that can make us think that we are very capable, even though we are not at that level yet.

Balancing profit and losses is important for a trader but this is something that most traders ignore. When they are profiting they tie it to their skill and ignore any form of evaluation. It is only when there are losses that a trader is bothered about knowing the causes of the loss.

To me, this is not right. Regardless of whether trading goes the right way or not it is always good for a trader to evaluate his trade. Even when there are profits, it is still necessary to trace what was done rightly if it is market conditions or strategy.

that's the right thing to do whether in a profitable or loss situation we must evaluate our trading. because with the evaluation we do, we can find out the accuracy of the analysis and strategy we use. when we profit, we can find out how to maximize future profits. and when we suffer a loss, the evaluation we do so as not to make the same mistake.

[ajiz138]

Well, we also have to be able to evaluate our trading results, both when we lose and when we win. I think it is very important to make us able to re-analyze the results of our trading, of course the goal is to be better.

The problem is when we are lazy to make an evaluation, that is what can be dangerous in my opinion. For example, when we win, well, that can make us think that we are very capable, even though we are not at that level yet.

Balancing profit and losses is important for a trader but this is something that most traders ignore. When they are profiting they tie it to their skill and ignore any form of evaluation. It is only when there are losses that a trader is bothered about knowing the causes of the loss.

To me, this is not right. Regardless of whether trading goes the right way or not it is always good for a trader to evaluate his trade. Even when there are profits, it is still necessary to trace what was done rightly if it is market conditions or strategy.

that's the right thing to do whether in a profitable or loss situation we must evaluate our trading. because with the evaluation we do, we can find out the accuracy of the analysis and strategy we use. when we profit, we can find out how to maximize future profits. and when we suffer a loss, the evaluation we do so as not to make the same mistake.

It is a must as I said at the beginning, and even when we profit our evaluation can be directed to be more optimal as you said.

Moreover, when we profit, it does not mean that in the next trade we will get the same profit, because losses will always go hand in hand. That is why this is important because it allows us to minimize the risk that we will face next.

[Mr. Magkaisa]

But talking about greed in trading, many people actually know that it should be avoided. But in reality avoiding greed is the most difficult thing that even I have experienced myself. Perhaps greed has become the most difficult human trait to control. But if we succeed in controlling it then it is possible for us to be more consistent in achieving profits. because it will be easier for us to carry out the careful planning that has been made.

Greed can be controlled if you have clear targets ahead of yourself.

It can't hit you when you are working toward a goal, not something that is not seen or well-thought: many become greedy if they see green and it only rises, only to plummit in one swift go.

Sadly, not all traders don't have any clear targets at all. Having a target means having a take profit price, but at the same time, having a stop-loss as well.

Speaking of stop-loss, just imagine those who lost their money when they entered a long position on OM a few days ago. They entered without any stop-loss hence, they got liquidated. They got liquidated at a time where they didn't expect they will. If you put a stop-loss on it, you will end up losing fewer money than if you didn't. For me, not having a stop-loss equals the definition of being greedy because you're trying to get the maximum amount of profits that you can get. Yes, having a stop-loss might not be a requirement if you're watching the token's price movement.

Overall, being greedy is quite common, but learning how not to be to is doable. You just need to have more experience.

           -     That is the sad and not a good habit for a trader, in which we are supposed to have a clear plan and a clear target for why we are going to trade. Yes, we are there that we aim to get profit, but we must have a timeframe for when and where we will take a position and exit.

Just like what happened with OM, which was really burned, the men who were liquidated by them, particularly other whale investors who can be
said to have really trusted OM.