Always greed can bring loss instead of winning, even if we trade, or even if we bet or do any investements on some websites, or in a bussines, greed can make lose all money, so always better take out profit even if is small.
Greed mostly results in losses. Sometimes, greedy guys might luckily get benefits, and profits with their greediness, but most of times, they will end with losses. The main reason is greediness basically forces us to do arbitrarily choices, that in turn mainly are wrong decisions. Wrong decisions by investing into scam, or poor quality projects, or by investing at wrong period of crypto market. For instance, buying coins when general market just shows early signals of long term downward trend. 
Topic: Greed is bringing loss for traders - page 31. (Read 16080 times)
The greed is what makes us going. We have to be a bit greedy, but in a positive way, to make ourselves going, to accomplish goals that were appointed earlier. When someone decides to invest his money, he expects a profit, but when the situation turns around, he blames everything and everyone but himself. The cryptocurrencies exchange market fluctuates and that's an uniqueness and a curse of all investors. Balance is the key, being greedy enough to make a profit. The target you appoint before you decide to invest in something is crucial, and you should always stick to it - if you don't, you take even higher risk
Intelligent and experienced traders will strictly adhere to their profit-booking and stop-loss targets. Such traders will never miss out on big spikes and they escape without major injury when the prices crash. The same can't be said about the rookie traders.
Always greed can bring loss instead of winning, even if we trade, or even if we bet or do any investements on some websites, or in a bussines, greed can make lose all money, so always better take out profit even if is small.
Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%
I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$
When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
this will be a difficult task consider anybody has its own mindset and it can't be change easily. They will always try to expect a huge gain when the bull has come and forget their previous target to earn some bucks from crypto market. Which is to make profits from 1% - 50%
I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$
When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
I think being greedy won't be able to get anything.
For example, when someone invests $1,000, he wants to get 10% profit, but after the target is reached he changes his mind, he wants 20% profit, and the next day the price drops -30%, BOOM! he loses all profits.
For example, when someone invests $1,000, he wants to get 10% profit, but after the target is reached he changes his mind, he wants 20% profit, and the next day the price drops -30%, BOOM! he loses all profits.
I've also experienced it, it's difficult to avoid being greedy when we think that prices continue to rise, from here we learn a lot better to be able to get profit according to the target set before.
yes you're right, being a greedy person will only bring harm. crypto trading is very risky so we should eliminate greediness. I often experience this, and I always learn to be able to control it.
I think being greedy won't be able to get anything.
For example, when someone invests $1,000, he wants to get 10% profit, but after the target is reached he changes his mind, he wants 20% profit, and the next day the price drops -30%, BOOM! he loses all profits.
For example, when someone invests $1,000, he wants to get 10% profit, but after the target is reached he changes his mind, he wants 20% profit, and the next day the price drops -30%, BOOM! he loses all profits.
Greed has sent a lot of investors out of the market due to the fact that they don't have courage , so they are not able to take the risk and the leads a lot of. People out of the market.
yes, consciously or not, the nature of greed is always in a trader, those who always want more in order to get a big profit, will actually only lead them to loss again.
Being greedy as a trader gives you nothing but loss. It's like in gambling and it's like what I did when I was betting yesterday, I thought that I can manage to get my loss back so I try to bet all of my eth and then I lost. Just like in trading, if you got greedy by hodling coins that are not good and you got 50% loss on that even before then it will just make you loss the trade more and more.
greed always fails to take advantage because uncontrolled emotions bring them into a price trap that is lucrative, patience and precision not possessed
Planning for risk management, profit and loss rates need to be clearly outlined, the most important thing is to always follow the plan.
Naturally, traders come to crypto currency with a loyal and considerate mindset
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Nah, Most of the traders aren't naturally comes up with loyalty and considerate mindset, I'm sure they are probably mainly carried by greed, they attracted to the cryptocurrencies markets volatility. How could you say they are loyal but when the bearish happens, they are all missing. And I doubt they are considerate, in other hands, they are easily affected by popular people sentiment toward cryptocurrencies. Not to generalize all the traders though, but it's based on my observation. ~
Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%
I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$
When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
Which is to make profits from 1% - 50%
I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$
When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
It's not always can classified as greed.
Many people wants long trade such as keeping their investment for years, also this type of traders is successful trader with 100x times ROI
Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%
I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$
When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
Emotions is the very tough competitions inside this market, we are all dreamers and wanted to achieved profits, like what you just illustrate traders forget about real intentions and become greed when seeing pumped happens, it's needed to have a clear and straight forward strategy to avoid making such mistakes, it's all about money so it's needs to be well protected. Which is to make profits from 1% - 50%
I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$
When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
Greed is actually bringing losses to some people though there are some who are making good money as a result of the same greed in the crypto currency market. Most of the things that actually makes people loss i don't see it as a greed but lack of money management planning.
that true, being trader should know if pumping like 100% or more is something rare happend on crypto except there is good news that can bring that pumping. so better lower you target sell before do trading
There is no problem for me, greed must be there, but that's where people have to know about the risks that are being faced at the moment, to be honest I'm shocked at this price drop.
its a normal for human nature, when some traders tasting a big of profit, the feel of want more will coming, thats it the greed, 1 day he feel happy of profit, the next day he will sad because want more profit but honestly getting loss.
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