Never Be Greedy!

[LUCKMCFLY]

Being greedy is something very difficult to do , very difficult to achieve, we are people who always appear at some point Under any criteria and that is where we can lose our strength , if we let ourselves be carried away it is very Possible that we will lose money and if we do not let ourselves be Carried away it can be said that we are at another level , in those types of Fetails is where you know a Trader very well and if he is ready for bigger things.

[gunhell16]

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.

Even though traders are not greedy, they still experience losses, Trading is like that, there is no trading industry that only has losses for greedy traders,
that's not the case. We lose in trading because of the wrong strategy we used.

Or aside from that because we didn't study seriously or learn the basic things that we should prioritize before jumping into actual trading.
Because it's also true that trading is no joke.

[MRY]

Even though traders are not greedy, they still experience losses, Trading is like that, there is no trading industry that only has losses for greedy traders,
that's not the case. We lose in trading because of the wrong strategy we used.

Or aside from that because we didn't study seriously or learn the basic things that we should prioritize before jumping into actual trading.
Because it's also true that trading is no joke.

Many times when we are trading and we lose we do not lose because we are greedy, but because our way of decision making is weak. It is common to have many people in a rush to get the results than to fully comprehend the market structure, or how a particular tool operates. At times we are fully prepared because we have seen many videos and Our hands still lack real practise and consistent effort in implementing what we learn. It is possible to implement specific technical aspects in the final global analysis but to develop an instinct to read the market is a different storey. This is a common problem that we face in the real world where simple concepts or procedures do not work since they are applied not in the right context. It is known that it is possible to lose loved ones and valuable Things, but sometimes they leave because our base is not very firm.

[Mr. Magkaisa]

Even though traders are not greedy, they still experience losses, Trading is like that, there is no trading industry that only has losses for greedy traders,
that's not the case. We lose in trading because of the wrong strategy we used.

Or aside from that because we didn't study seriously or learn the basic things that we should prioritize before jumping into actual trading.
Because it's also true that trading is no joke.

Many times when we are trading and we lose we do not lose because we are greedy, but because our way of decision making is weak. It is common to have many people in a rush to get the results than to fully comprehend the market structure, or how a particular tool operates. At times we are fully prepared because we have seen many videos and Our hands still lack real practise and consistent effort in implementing what we learn. It is possible to implement specific technical aspects in the final global analysis but to develop an instinct to read the market is a different storey. This is a common problem that we face in the real world where simple concepts or procedures do not work since they are applied not in the right context. It is known that it is possible to lose loved ones and valuable Things, but sometimes they leave because our base is not very firm.

        -      That is correct, it is true that there are times when we actually lose because we made the wrong move strategy and then used it, and the analysis we made was also contrary to what actually happened. And because our strategy was wrong, what we will do next time is change the strategy.

That's just it, the more we practice is the more we learn, in which it is true, and even until now other traders are still doing it
because it gives them an edge even in the future.

[Hatchy]

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.

From experience in trading, I've come to know that as a trader, you should have it at the back if your mind that the market moves according to it's own will.. one moment your analysis might be in play another moment the market changes it's direction. That's why as a trader you should avoid being too greedy. When you get a good trade, make sure to have a target in mind and risk just what you can afford to loss.

[MRY]

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.

From experience in trading, I've come to know that as a trader, you should have it at the back if your mind that the market moves according to it's own will.. one moment your analysis might be in play another moment the market changes it's direction. That's why as a trader you should avoid being too greedy. When you get a good trade, make sure to have a target in mind and risk just what you can afford to loss.

I perfectly agree with you as most of the time, the market is an entity that has a life of its own and is not influenced by how we analyse it. As for me, the factors that have been mentioned above are pressing vital flexibility and self-awareness in managing the situation. What happens from overconfidence is that the market may turn the other way in its direction that usually does not take time. Such calmness and discipline to a plan are a reason why their importance as an emotional regulator is so significant. You are in need of a plan as well as the emotional wisdom to understand that not all things within or without can be managed. But the following is the basic rule which is even more important, knowing when to quit has greater chance of making money than expecting the market to turn in your favour.

[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.

From experience in trading, I've come to know that as a trader, you should have it at the back if your mind that the market moves according to it's own will.. one moment your analysis might be in play another moment the market changes it's direction. That's why as a trader you should avoid being too greedy. When you get a good trade, make sure to have a target in mind and risk just what you can afford to loss.

I perfectly agree with you as most of the time, the market is an entity that has a life of its own and is not influenced by how we analyse it. As for me, the factors that have been mentioned above are pressing vital flexibility and self-awareness in managing the situation. What happens from overconfidence is that the market may turn the other way in its direction that usually does not take time. Such calmness and discipline to a plan are a reason why their importance as an emotional regulator is so significant. You are in need of a plan as well as the emotional wisdom to understand that not all things within or without can be managed. But the following is the basic rule which is even more important, knowing when to quit has greater chance of making money than expecting the market to turn in your favour.

         -     I think self-awareness is really what is needed in this matter and I would also add the right use of timing, because sometimes because other communities are not updated with what is happening in the news about the crypto space, they are left behind as to why they are not keeping up with what is happening.

That is why it is also really important that we know something about the new updates that are happening, not just the pure greediness that they always implement, which is always carried by those who are hyped, particularly those who are new to the crypto market, meme coins.

[LUCKMCFLY]

That's just it, the more we practice is the more we learn, in which it is true, and even until now other traders are still doing it
because it gives them an edge even in the future.

I think that's where the idea that practice makes perfect comes from. In trading, things must be done that way to be successful. Of course, apart from this, studying and learning each thing, the market lends itself to learning a lot and that's what we must focus on. If we have that focus, I think we won't have many failures. Knowledge, along with good risk management, is what separates us from being good and/or bad traders.

[milewilda]

That's just it, the more we practice is the more we learn, in which it is true, and even until now other traders are still doing it
because it gives them an edge even in the future.

I think that's where the idea that practice makes perfect comes from. In trading, things must be done that way to be successful. Of course, apart from this, studying and learning each thing, the market lends itself to learning a lot and that's what we must focus on. If we have that focus, I think we won't have many failures. Knowledge, along with good risk management, is what separates us from being good and/or bad traders.

Experience would be the best teacher as we do all know because everything could be read up online when it comes to strategy or on how you do apply those analysis on how to deal up with the market but we do know that not everything will be written up on the book on which means that there are those things that could be learnt online and thats why its ideal that you do be wary at least or being sensible into the things that you've been that dealing into on which trying out ot lok into things on which you do sees out that it will be beneficial for you. There are just that those times or moments that you have lost yourself due to greed or having too much urge on trying out to make money on which this is that very indeed not that recommended or suggested.

[Rengga Jati]

Being greedy is something very difficult to do , very difficult to achieve, we are people who always appear at some point Under any criteria and that is where we can lose our strength , if we let ourselves be carried away it is very Possible that we will lose money and if we do not let ourselves be Carried away it can be said that we are at another level , in those types of Fetails is where you know a Trader very well and if he is ready for bigger things.

Yes, the measure for being too greedy is indeed different for each person, and maybe we are also sometimes confused, whether what we do and target is still reasonable or is too high and too greedy.

Or, when our profit achievement during trading is already at a few hundred percent but we want to get a few more percent, well maybe for some people it is too greedy, but for the perpetrators, it is not necessarily, because it could be based on their analysis and speculation.

It's just that, indeed the things that are targeted, we often unknowingly exceed them, so that we become more and more dilemmatic and do not realize that we have expected too much. and in the end, when the market changes direction quickly, we are not ready with everything related to the second plan when the condition occurs. and this is what makes us realize that we were being too greedy and not aware of the sudden incident

[Uruhara]

From experience in trading, I've come to know that as a trader, you should have it at the back if your mind that the market moves according to it's own will.. one moment your analysis might be in play another moment the market changes it's direction. That's why as a trader you should avoid being too greedy. When you get a good trade, make sure to have a target in mind and risk just what you can afford to loss.

So true. And we also have to realize that the market does not move with us, and instead we are the ones who have to move with the market. Sometimes we hope too much that the market will be as we expect. However, at all times we must be able to adapt to the ever-changing market.

controlling greed is difficult. But it can be done after we start learning from experience.

[Agbamoni]

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.

before you even choose to be a trader working on your psychology should be part of your learning process if not your losses will teach you the lessons you need , and those lessons hurt the most
you either learn the hard way or the easy way, but the hard way makes you more disciplined.

[lombok]

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.

before you even choose to be a trader working on your psychology should be part of your learning process if not your losses will teach you the lessons you need , and those lessons hurt the most
you either learn the hard way or the easy way, but the hard way makes you more disciplined.

That is the reason why self control should be a solid basis where there should be no single position opened prior to trading. I also think that learning the technical skills is not that hard, but not everyone can be calm enough in the face of market volatility early on. In fact, uncontrolled emotions usually make you fight your own logic. A lot of people learn this lesson only when they lose a lot of money and then begin to rethink how one enters the market. You would be better off knowing right from the start that losses aren’t failures, but just part of the work. If you are not in a hurry to get revenge on the market and you can make peace with risk, you will be much more durable to the market.

[TheGoodFella]

Yep, I learnt this the hard way, 2021 was a wild year.