Topic: Greed when trading (Read 1889 times)

I like that approach because with a clear mindset fresh ideas will comes up and without any rush you'll be able to figure out what will be the appropriate decision that will bring you to a potential success, as I mentioned there's should always a limit for you to take some rest instead of pushing hard to recover whenever you lose your position.

Things are more complicated if you don't have the right approach to anticipate the next market movement, trading always benefited those who understand  both risk and potential profits.

Greed is an emotion too, and I believe it is as important one as fear or excitement. When you are excited you could change your trading to something else than what you are doing, or when you fear you could do that too, and greed is something like them. I believe there are too many people who are trading with their emotions when they are newbies and this is why I believe this is going to be a tough situation for many people.

I believe we need to grow and get experience, because when you are trading for the first time it becomes something very different and you are not used to it at all, but when you have been trading for years, and have thousands of trades under your belt, the emotions part gets a little bit old and you will not feel it too much. I believe this is why veteran traders are better, not just because they know and studied trading, even the worst veteran could end up with better results than the best newbie because of the experience.

Its something that you will really be able to inevitably to learn up when it comes to psychology and same goes with emotion aspects too on which you would really be able to learn up
on how you would really be needing to have such control or not.  You would be finding its relevance on trying out to learn it on the moment that you've seen that you do make errors when it
comes to this aspect or kind of area on which it will really be that too impossible that you cant be able to determine it out on what would be the adjustments that you do really needs up to apply into.
Greed is something that will really be that very common on the moment that you do trade because on the moment that you do experience some profiting condition then you will really be that asking for more.

Lots of traders do really fell with these kind of situation or behavior on the moment that they do trade. They do really assume that on the  time or moment that they had experienced out something
on which they do have those kind of thoughts or hopes that making money with the market is really just that easy. This is why they do become that careless and ending up on getting derailed
on what they have analyzed earlier. On the moment that you do lost off track then this is where disaster would really be that starting to happen.

It is important to learn and need to master trading psychology, because it will refer to the emotional and mental conditions that will later affect your trading decisions. So learning and managing psychology well will make your trading successful in the long run. In trading, taking a break or taking a step back to reset your strategy will keep you away from greed that can lead to your financial ruin.

Why is trading psychology needed, because trading psychology also includes discipline and consistency in your trading plan. This must be realized by all traders without discipline, you will tend to make detrimental decisions. Greed can be avoided if we are able to manage it all well, including managing emotions. That way you will be able to maintain emotional balance and your decisions will not be easily influenced by market fluctuations.

yeah that's right. In the end, patience plays a very important role in a trader's success in trading on the market. Because without patience, a trader will not achieve maximum success. Hasty steps will only make a trader make the wrong decision. And analysis carried out in a hurry will only produce an analysis that is not very accurate. And no matter how good the analysis we make, if we are not patient in finding the right position in implementing the strategy based on this analysis, it will only lead us to less than optimal profits and we could even end up losing. Patience is the pinnacle of mature emotional management of a trader.

Why do people chase winnings? Because they’ve got it in their heads that trading will make them rich. Unfortunately, even if you have all the knowledge in the world about trading, if you don’t change your mindset, nothing will change. They’ll keep doing the same thing they’ve always done.

We’ve seen plenty of people give it a try—they keep pushing hard to succeed, but in the end, it’s those who don’t rush who come out on top. The truth is, in trading, patience is key, and those who chase are usually the ones lacking it.

Every position should be analyzed and backed up by something in your mind at least, otherwise, it's a gamble, and you can't be angry if things won't go your way.

Simply put, money is the big motivation why someone is willing to dedicate themselves to everything that is very difficult and seems impossible to master because of course as you said that money is something that makes us survive in any situation. For beginners who have good abilities in controlling themselves and their emotions, it can be said that they are quite lucky in that regard, in the sense that they are lucky because they will not lose too much money in their learning process when they are able to control their emotions because usually emotions are what often make beginners trapped in various impulsive actions because of the inability to accept a loss situation.

Rushing to make decisions I think is a natural action for a beginner, they do not yet fully know what is allowed and not allowed in trading, not much different from emotions or greed which when we talk about beginners then it is something that is certainly quite difficult for them to ignore, but it doesn't matter because if they are serious about learning then over time they will also know the truth.

Not everything could really be learnt up so easily on which there would really be those individuals who would really be that ending up on having that kind of rushing up things for them to learn and
there are ones who do really ends up on having that kind of messing up the things they've been doing due to some behavior. Speaking about greed then it is really just that normal since we are just humans
on which the love for money or earning will really be there and this what motivates us to consider on pursuing on learning up things since we do know that theres really that oportunity for you to earn money.
There would really be those people who would really be that good when it comes to controlling those emotions and there are ones who cant be able to do so.

This is why it is really that important that you should really be wary about on the risks involved and the actions that you are taking and not really just that basically making yourself
that rushing out on making decisions just because you've been that hoping or believing into something that it could happen. There would really be that so much things that you will really
be needing to look upon into and trying out to deal up with it and consider out on doing on what must be done.

There is opportunity in the trading space but some traders don't know this. I'm not saying greed is a good thing to do in trading but if you have an open trade and you see more up on trade despite been in trading, keep it if it's going to help you maximize your profit but you have to be sure of your trade if it's really valid or not. I have hold a position with profit down to zero but some how, my trade was invalid and I loss everything with -1.9%. I immediately close the position and short the market and I still made profits anyways.

You can be on profit and see more upside than what some people are not seeing and it doesn't make you a greedy trader but an opportunist person, that's what all traders are. This is why some people use trailing profits, they take some percentage of profits as the market is moving but this is also subjective to some traders as they may not even like this approach of profits taking, as long as you are winning, then you are fine whether you are greedy or not.

Yes, of course trading is indeed a difficult activity to learn, but we can see that there are traders who have succeeded and there are also some who have failed and only wasted money and time, meaning there is a difference here, and the only reasonable difference here is the intention and sincerity in terms of dedicating yourself to learning and when you are serious about learning then surely at least you will gain knowledge even though it is at a basic level and that knowledge will be able to prevent or avoid you from the same mistakes as you have made before. The point is that success can only be achieved when a beginner has a strong intention and determination to learn

That's an undeniable truth that many traders oversee, especially the ones who are new in the market because they mostly focus on learning the technical aspects of trading like reading charts, knowing about candles, and how to analyze a token or coin based on that, but they forget about the main thing which is emotional control. Before you enter into trading, you need to make sure you have a temperament that suites the genre you are getting into.

People with low patience and self-control, as you said, will often mess things up even when the situation is completely under their control. If they are winning a trade, and are already in profit or about to become profitable, panic or maybe greed will make them turn things around and the trade will eventually become a loss for them.

Though it's a hard lesson to learn but with eagerness to succeed most of those traders who experienced such mistake with the intentions to proceed will use it as basis and advantages, as it will serve as prevention to avoid making that same mistake and not to quickly decide but instead, to wait for a expected sign before doing so.


Understanding the risk and that willingness to accept if ever that mistake happens, those factors are really needed when you are involve with trading, anticipate and have that patience as it will save your butt not to allow losing control when you already in a session of your investment.

the people who revenge trading usually don't understand, that if they fail to read the market pattern and trade accordingly to it the first time, they can also fail the second time.

the thing that entails revenge trading that become the culprit of people going into bankruptcy is the fact that in revenge trading they like to open trade with big size, hoping the market turn to their favor temporarily so that they can recover with just slight market movement, but that can't be more wrong, the market in shorter time candle like 5m always moves wildly that a trade with big size can be too risky.

best course of action when experiencing streak of losses from my opinion, just get off your computer, go out or watch some movie, and then trade again the next day.

I will never encourage anyone to seek revenge in trading, because trading is something very difficult to deal with. Trying to seek revenge again may be another big way to continue losing money. There are some people who may try it, but trust me, only a very few get lucky, as revenge sometimes favors some people.

The best way to recover in trading after losing some amount is to learn from the mistakes that led to the loss. Once these mistakes are understood and corrected, one can continue trading normally, making profits at the right time. Gradually, the person will recover the losses and may even make more profits.Revenge is just like greediness, and it is really bad when dealing with trading. Let us be wise and not allow greed to take control.

Yes, getting involved in a hurry is too dangerous an approach, especially if we are talking about activities that involve risks in them. Making mistakes when you are still a beginner is of course a natural thing, everyone and even traders who are now successful must have made such mistakes when they were still beginners, which is added to because those mistakes are what make someone develop more in terms of knowledge.

I will not question the mistakes or losses made and experienced by a beginner in the learning process, but what I will question here is that from the start they should not be too hasty to enter trading activities, at least understand and know first about what and how gambling really is, because when your knowledge is a little more then you will also be a little protected from the possibility of unnecessary losses. On the other hand, yes, I also admit that quite a lot of beginner traders treat trading activities like gambling by only relying on luck, so this is the reason why we must first know what we are actually facing, because that way you will know that profits in trading mostly depend on skills.

Many traders who are actually not mentally ready even their knowledge related to trading have started trading because of curiosity and wanting to get profit immediately.
Making mistakes for a beginner trader is not something bad. because in the process of learning to trade we will not be free from losses. what is wrong for traders is to think that they are good at trading when they actually rely on their luck in making trading positions, not the skills they use.
Situations like this sometimes make traders more greedy to enter larger amounts in their trades. they can't wait to try small money first. even using most of their money to make bigger profits from their trades.

Trading without money, time, emotion and mental management is the right approach to get yourself trapped in various difficult situations and conditions, losing financial stability will be the main impact that you will feel and experiencing mental and psychological problems is another impact that will soon follow. Basically there is no coercion or even threats from any party to you to always force yourself to stay in the market, remember that trading will only be profitable when you are at the right time and situation. Everything must be balanced especially your mental and psychological, because the best decisions will only come from within you when you are in a calm situation without any influence from emotions, so try to first understand some of these points if you want to really become a trader who always succeeds in making opportunities and opportunities into profits.

Agree. Each trader probably experienced the same thing, they may ever feel greed in trading. However, I don't think it is because they are not ready to lose the money. I assume it is because they are still lack of knowledge and experience in trading. When they have sufficient knowledge and experience, they will be aware that greed should be avoided. It is the way to get severe losses if a trader feels greed. When someone is experienced enough, he/she will be more realistic in trading.

Chasing the lose will be always bad in any field. Even in the game or gambling, this is something unacceptable. This is usually due to emotion or dissatisfaction. Sure, it is better to stop your trading temporarily when you are trying to chase the losses.

Before we trade, we must ensure that we have good emotion management. In this way, we won't follow emotion in trading, we can have self-control in any decision to make. Greed can be hard to avoid if someone doesn't know the bad result. But for someone who knows it well, greed must be easier to avoid because we don't want to experience bad things in our trading activity.

Better to take some rest if ever that you lose your position instead of pushing yourself and try to recover right away, the tendency is you did not review or study the potential of your next position and it may lead you to another losing picks, greed is something that you need to deal when you are inside this line of business as you are risking your money and you need to control your emotions, without doing so, you'll be keep risking your investment and most of the time leads you lose control and ruined your finances.