A Good Solution Of Too Much Greed In Trading ? - page 2.

Mpamaegbu

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Quote from: infuser0416 on October 21, 2017, 11:22:07 AM

I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion Sad

I will tell you how I tackle such situation. Try trading few coins. That way you will concentrate on your judgement in picking your pairs and not over trade. Trade a few coins and you will have enough time picking out the good and profitable coins from the dumps. I trade just few pairs and it's working out pretty for me. That way I don't have much failing trades.

olubams

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Quote from: infuser0416 on October 21, 2017, 11:22:07 AM

I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion Sad

The fist step to problem solution is identifying there is a problem which you have done. Times without number I have fallen into this which is either selling too late or selling too early but the way out is just to set your mind that whatever happen afterwards is not my concern or you don't want to check on the price of what you sold the previous day because without that, you tend to start feeling either you made a mistake or you are actually smart. But believing its all in the past is a way to move forward.

Funeral Wreaths

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Quote from: iamTom123 on October 30, 2017, 04:56:49 AM

Quote from: infuser0416 on October 21, 2017, 11:22:07 AM

I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion Sad

Actually, nobody can control your greed but yourself. The most effective way to control it is by examining yourself well or in other words know yourself so that you are not a stranger to the person of who you are. Assessing oneself is very important in trading as it can help in managing your emotions and many irrationality. You can never establish the kind of discipline needed if you do not know yourself well.

Trading can be a risky thing and if you will don't know the many ways to control your greediness and emotions then it is better to leave it to someone else. When you are getting affected by greed (or too much greed for that matter), you are no more trading but already gambling your future away into chances (small chances I would say).

Doing the right things in trading can pave so many avenues of opportunities...that we have to always remember!

i surely agree with what you are trying to point out, but the problem is that, without aid of somebody who can literally give you advices, i think it will be to tough to just assess your self, i know there are lots of guides out there including mentoring to have further discipline but, i guess its a process to be developed and trained, and with hardwork along also. In application to trading it could be a lot of risk when you start to panic already and doesn't know what to do anymore.

iamTom123

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Quote from: infuser0416 on October 21, 2017, 11:22:07 AM

I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion Sad

Actually, nobody can control your greed but yourself. The most effective way to control it is by examining yourself well or in other words know yourself so that you are not a stranger to the person of who you are. Assessing oneself is very important in trading as it can help in managing your emotions and many irrationality. You can never establish the kind of discipline needed if you do not know yourself well.

Trading can be a risky thing and if you will don't know the many ways to control your greediness and emotions then it is better to leave it to someone else. When you are getting affected by greed (or too much greed for that matter), you are no more trading but already gambling your future away into chances (small chances I would say).

Doing the right things in trading can pave so many avenues of opportunities...that we have to always remember!

Persiville

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I am also not that expert in trading i guess, but first you would rrally having a hard time controlling your emotions in trading, before you get to apply controlling emotions, you must have the will to discipline yourself, it is not that simple as we speak you're greedy, and the only way is to do the opposite, its just easily said than done. Just keep on practicing to discipline yourself not to be greedy, that's it.

madwica

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Coins has lower value is the thing that attract you to be greedy and i think you need to avoid that, also i think you do not know what is the proper trading because you are too greedy to loose your capital in this method. Trading is one of the best source of income here in bitcoin, you should learn first how to be good trader then search the project of the coins before you purchased, do not buy coins have big dump of value within 24 hrs most of that coin are going to be scam.
Much better to pick the coin whose on the top of crypto market and set the selling option of how much you want to sell the coins you have of course set it on the amount which you can get profit.

katrimans

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Quote from: otundebis on October 29, 2017, 02:40:26 AM

Trading everyday is a little bit dangerous! Everything is timing even the nature is communicating this to us in our daily lives. You can't be trading everyday and get scot free from ups and down of the market. You will have your emotion on rollercosta that way.

Trading is no doubt very much dangerous thing to do and it is not at all possible for all of us to make wise decisions and that too in a very short span of time. If you are having some kind of greed of making more money in the world of trading, then you have to be well prepared for this thing as well that you can suffer that much huge amount of loss as well if you failed to perform well.

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Quote from: infuser0416 on October 21, 2017, 11:22:07 AM

I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion Sad

Greed in doing trading is normal specially when we are still a newbie and this kind of emotion is really hard to stop specially when you do always put in your mind on having lots or bigger amounts of money on doing trading. Greed will really control you out anytime sooner specially when we do see chance on possible profits on making trades we do go all in because we do tell from ourselves that this is the chance on getting rich but eventually we do know that instance do really changed anytime which would really cause on losing up so much money.

okala

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Quote from: infuser0416 on October 21, 2017, 11:22:07 AM

I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion Sad

Greed is the number one reason why many people lose in trading and though the skillful traders make their own profits. The law that state "that you most not use more than 2% of your risk capital in a single trade" must be adhere to in other to remain successfull in trading. You should not also not click the buying order bottom without no comprehensive reason why you should place that trade.

rockyboy

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Quote from: infuser0416 on October 21, 2017, 11:22:07 AM

I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion Sad

Too much greedy can affect your day to day experiences in trading that may result of some losses instead of gaining a profit. I've already learned and i will never do my mistakes again. When you are about to invest consider all your mistakes, it will help you to stop from being greedy.

aoihs00

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That is why we don’t see much successful crypto investors or the millionaires. :-) The greed is always there when you are playing with the money. Even the gambling, stocks, or even a small bet at bet365 leads to worst greed which you can’t afford at all.

To overcome it is not that much easy and you should always control it with your limits. The limits on trades, the limits on your money which you are loading into your wallet must be controlled. You can’t do that immediately but you can try to do it over the time. You are still new here, and there are so many ups and downs you have it see. You will get hold of it once you are done with enough loss.

CyberKuro

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How to avoid greediness? By using a plan, treat trading as a business, set how much % profits you want to achieve, put sell order to execute as long as you have profit.
But, the first thing is to assess potential of the coins, whether it may rise up even further or will stack at some point, which people more likely to sell at that point.
It may be different if you trade some famous coins or new coins in the market, people tend to dump new altcoins which just listed into exchanges.

jimbo2000

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Quote from: infuser0416 on October 21, 2017, 11:22:07 AM

I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion Sad

It is imperative that you always set targets for your trades and then stick to them. The feeling of being too greedy and then losing your profit is far worse than when you sell early and could've profited more.

HasHe

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Quote from: infuser0416 on October 21, 2017, 11:22:07 AM

I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion Sad

If you don't fix a profit target say 5% or 10% or 15% for your trade and trade thinking that sky is the limit for your profit and just follow the price increase in your coin without finishing the trade,then definitely you may loss at the end since most coins are pumped and we don't know exactly when it would be dumped.

So,as soon as you reach your target price,just sell your coins and finish the trade.You could re invest the amount and buy another altcoin for trading.

principledquince

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This is the common problem of the new trader like me which only goal is to earn. I didn't realize that I should have strategy and enough knowledge before I joined the trading. I always aim for a high profit even I already have chance to sell my coins with minimal profit only. Because of this mistake I have realize then that being greedy is no place in trading, instead you should learn how to be patient. Because if you cant hold your emotion theres a big posibilty to loose your money.

creeps

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Trade with a plan this will help you to stop from being greed, yes you will win money if that coin soar higher but when you know when to earn profit this will help you to secure money and learn how to cut losses. Trader will know how to read charts and execute your plan well for you not to loose big money in the future.

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Quote from: infuser0416 on October 21, 2017, 11:22:07 AM

I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion Sad

Be familiar first with the coins you will be trading.Do some research and study the coins and have a plan before you start buy coins and trade. Are you going for a short term to trade day by day or are you looking for a long term profit? Don't just pick some random shit coins. Dont be stupid, you need more patience in trading.

richminded

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How come people gets greed when they are real trader ? trader should know how to control emotion first they know when to exit and enter the market after using indicators and reading the charts. Trading is really not that easy to control greed then learn how to become real trader that use charts when they trade and not their emotion, don't trade with too much greed always focus on your goal.

otundebis

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Trading everyday is a little bit dangerous! Everything is timing even the nature is communicating this to us in our daily lives. You can't be trading everyday and get scot free from ups and down of the market. You will have your emotion on rollercosta that way.

lady Royal

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Quote from: infuser0416 on October 21, 2017, 11:22:07 AM

I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion Sad

Well If you cannot control on your self and keep putting your money in trading then I suggest you to save some of your money lock some of your money so you can lose it later, by doing that you will have something as backup and if you lose money in trading from that backup money you can earn it back.
You should always remember that moment when you lost your money in Trading by doing that it will stop you from putting your money back again in trading.

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