Do Not be Greedy - page 8. | Bitcointalksearch.org

QuadsPoker

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Quote from: Vsamuel on August 31, 2018, 03:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

I am even satisfied with a 1% profit but then as a trader. 20% is a nice goal if you hold coins longer term.
But I rather like to take some daily profits.

Lets say you put 2500$ in a coin and it takes 4 weeks to reach your 20% profits. I am pretty sure that I trade with those 2500$ on a daily basis more money can be made during that 4 week holding period. But of course that is every persons personal opinion. Not everyone has the time or the skills to trade.

Pattart

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Quote from: GrayFullbuster on December 23, 2018, 08:57:20 AM

We should remove our greediness for us to avoid losses. We should focus on what is the right strategies that we should use than become a greedy person. Most of greedy persons are losing their money because they do not have self control.

The point is that you have to stay on track, follow your plan and strategy, don't get out of it, so you can avoid greed. Greed occurs
because they can't discipline the plan they've made, if your plan made to sell when price rise 5% then sell it, don't be to greedy..

mirakal

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Quote from: Periodik on December 26, 2018, 09:16:05 PM

Quote from: Vsamuel on August 31, 2018, 03:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

People have different plans. Strategies and techniques vary from one person to another. There are those who prefer to celebrate their 20% profit and get out. But then there are also those who are geared toward the longer terms. They do not mind if the road going there is rough. There will be 20%, 30%, 50% rise and fall but they are setting longer terms for bigger returns.

Sometimes being greedy, if within a wiser plan, is much better than avoiding it due to panic and fear. I think it would be better to be greedy when others are getting emotional, losing by selling very cheap.

They are wiser I guess because they can get out with that profit, however, in order to be like their status, we need to have a bigger capital to expect a decent return. Unfortunately, most of us cannot afford to have a big capital in trading that's why we are hoping for a bigger return, like more than 100% return and we are optimistic it will happen because it has already happened in the past.

Periodik

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Quote from: Vsamuel on August 31, 2018, 03:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

People have different plans. Strategies and techniques vary from one person to another. There are those who prefer to celebrate their 20% profit and get out. But then there are also those who are geared toward the longer terms. They do not mind if the road going there is rough. There will be 20%, 30%, 50% rise and fall but they are setting longer terms for bigger returns.

Sometimes being greedy, if within a wiser plan, is much better than avoiding it due to panic and fear. I think it would be better to be greedy when others are getting emotional, losing by selling very cheap.

keanne_isaac

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Quote from: Vsamuel on August 31, 2018, 03:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

Its easy to create a trading plan but if you are already doing it in reality it is really hard to execute crypto price some times quickly going upand also suddenly fall much faster which msy end up you in panic and may not able to follow your trading plan.

infested

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Quote from: Vsamuel on August 31, 2018, 03:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

Just hold long term and take profits slowly when prices rise. No need for shorterm speculation and set numbers.

crzy

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Quote from: GrayFullbuster on December 23, 2018, 08:57:20 AM

We should remove our greediness for us to avoid losses. We should focus on what is the right strategies that we should use than become a greedy person. Most of greedy persons are losing their money because they do not have self control.

Exactly, they are too focus on making money without realizing that they are already losing their self. Greediness should be avoided, especially if you are a trader because in trading it must be done with the right studies and not just about your greed. Start learning how to control yourself and not to be more greedy, because its really matter for you to have a bright future.

hermankoles

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each person's estimation will be different when looking at the target profit that will be generated. I prefer the short-term profit target because I trade daily. 3-5% is enough for me and this is good for equity and is able to provide a bear market profit

ToyotaFortuner

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maybe it shouldn't really be greedy, but many people who want to try to get a lot of profits so they try to wait until the price rises to provide a very large and maximum profit.

bitbunnny

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To my opinion exaggerated greed for profit is one of the worse mistakes Bitcoin users make. Unfortunately some think that Bitcoin is some magic that will make them rich over night but at the end they get disappointed.
Like in everything else the key is to find some kind of balance and to have some realistic and moderate cravings about the profit you can make according to your potential. You just have to make step by step to reach your final goal and that takes time and patience.

hridoyb

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Quote from: Vsamuel on August 31, 2018, 03:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

Yes, there have proverb grasp all, lose all.We always try to get a huge profit but never try to get little profit and increase our asset .This our main problem, as a result, we lost our money and upset for mistake or wrong decision.I agree with that Cryptomarket is growing and full of terror and nobody can't tell exactly what to happens on the crypto market

petermike

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Depending on each specific case, investors need to be wise for the decisions about their coins. The 20% profit margin according to me we can accept to sell them and ensure safety is the first.

macstrong12

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It is easy to say , very hard to do when it comes to the time , Sometimes when you trade and you are in profit , the hardest thing is to stop being greedy , I'd love to find out how to stop it and what do I do when I become greedy ?

pundit

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Taking small profit and run is always a good idea, your account grows very fast with such strategy. The only problem with such account is either you need to keep very small SL which often gets hit or a bigger SL but if you keep bigger SL, one SL hit can eat your many times profit, so sometime your profit of 3-4 days gets wiped out in a single trade, holding coins for some week to some month may give good profit but every trade should be taken with proper plan so that if trade goes against you can easily cut the losses short.

mattukarsamb

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Quote from: GrayFullbuster on December 23, 2018, 08:57:20 AM

We should remove our greediness for us to avoid losses. We should focus on what is the right strategies that we should use than become a greedy person. Most of greedy persons are losing their money because they do not have self control.

In this dumped market I think not much greedy people are losing but those people are losing who do not have patience in holding their coins till a good market come. There are a lot of people who think that now the good time will not come and because of that misconception their sell at low price.

truongdhnh

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Quote from: Vsamuel on August 31, 2018, 03:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

I agree with your opinion when we have made a profit of 20 percent, this is enough for us. But in the crypto market if we risk a little you can make a lot. I think depending on each person's ability and knowledge of that person and the crypto market requires us to spend a lot of time on it.

abel1337

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Quote from: GrayFullbuster on December 23, 2018, 08:57:20 AM

We should remove our greediness for us to avoid losses. We should focus on what is the right strategies that we should use than become a greedy person. Most of greedy persons are losing their money because they do not have self control.

It is the most common rule of life , Just dont be greedy. Many people tend to lose their valuables because of greediness. It has the same perception on trading , If we aren't contented with our profit and aim for almost impossible profit we can lose the profits we earned.

GrayFullbuster

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We should remove our greediness for us to avoid losses. We should focus on what is the right strategies that we should use than become a greedy person. Most of greedy persons are losing their money because they do not have self control.

TheReverend

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nothing is too greedy in the current market situation, people experience more losses than profits when viewed from the percentage of their trading.
but still people trade despite this devastated market, I don't know if everyone benefits.

iged_war

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Quote from: nebiki on December 22, 2018, 10:47:32 PM

Quote from: Kahoy01 on December 22, 2018, 12:38:50 PM

We should avoid to become a greedy person. We can make many mistakes if we will continue to become a greedy person. There are many people who experiencing losses because of their greediness.

yes maybe greed can make them happy, so they do it. Greedy people are usually people who are only selfish without thinking about the risks that arise, greed is not recommended here.

because of our greedy our profit could become loss, and our trades uncontroll.traders that still have greedy they have to learn to controll their emotion and psychology.

Topic: Do Not be Greedy - page 8. (Read 5107 times)