Topic: Greed when trading - page 4. (Read 1889 times)

Greedy in trading is not always bad, sometimes instinct can also make a trader get bigger profits instead of selling right away. Greedy is often considered bad in trading, but if they are able to take responsibility for whatever decision they make, then that's their business.

As long as they don't lose money because of their greed, it should still be fine. But in most cases, being greedy is the fastest way to lose a lot of money in trading, especially if it is in futures. So I don't want to say being greedy is always bad, but maybe it's not good if it's not supported by capital and other strategies.

The key is indeed how firmly we carry out discipline even though greed often arises, there are other alternatives to continue the profit, namely by attracting some of the benefits when it has reached the target, and yes this is also an additional strategy if you want to force yourself.



Yes you are right, it is a pretty good action, and to cover up regret I think immediately closes trading activities if the price continues to increase continuously, and honestly that makes our minds shake whether it will be according to the target or not before making a closure.

The easiest way to defeat greed is to partially close the order when the next resistance level is reached. Of course, in this case we will not be able to get the maximum profit, but we will not get a loss if the price abruptly changes its direction.

Yes, greed is a natural trait in humans, especially if we talk about money which is also an object of profit in trading, then it is very possible for a trader to continue to be tempted by greed in himself, and one thing that can help someone a little to avoid greed is when they know and realize that there is always a risk behind the decisions they make, but sometimes even though we all know about it, greed is still something that is quite difficult to avoid.

But of course knowing and realizing the risks that continue to lurk I think it will be able to hinder someone a little when they want to apply greed, and don't forget I will also suggest maintaining your awareness and rational mindset every time you trade, and on the other hand discipline towards planning can also be a preventive tool to avoid greed.

Even though it is like that, when we already have a target, we have determined where we will take advantage, but as we all realize that greed cannot be eliminated from humans, it will always be there even though you already have a strategy like that, but the good side is that greed can be suppressed by our way of thinking and discipline in trading, it will be very helpful in suppressing this kind of mindset, I often experience like that, when my target has arrived, seeing the growth of bitcoin continue to grow, I finally chose to target higher profits for me to take.

We commonly make out those kind of advises that we shouldnt really be greedy or having that similar emotions on the time or moment that we are on such condition then it will really be that too hard for someone
to do such decision and thats why its really just that right that you shouldnt really be that making up some conclusions that you could easily do it on the moment that it will really be happening on you.

The main issue on here is about the emotions into those gamblers who do make out such move on where they will really be that trying out to chase to make money and thats what make that greediness will really be that going into peak. There would really be those individuals on which they would really be trying out to achieve on whats up into their mind on which its really that a common thing for most people.
On the moment that you will really be doing such aims then it would really be that derailing you on doing things or the initial plans or analysis that you have set out earlier.
You do need to overcome this kind of urge because this is where people do mess up their lives just because of this kind of approach.

You are right, when someone cannot control their emotions when trading, of course they will do it greedily and that will of course cause them to suffer losses and to be able to restrain ourselves, of course we have to practice and also be careful in deciding something when trading and I agree with what you said, greed of course results in us ignoring what we have planned at the beginning, therefore it is very It is important for anyone who trades to be able to control their emotions so that what they do is not wasted.

In trading, if we did technical analysis, we can figure out what target can be reached so we can setup TP/SL and entry price, with that you won't get to be too greedy since there's fixed TP/SL price mark.
if you keep sticking with the technical analysis you will eventually make it.

the people who become greedy along the way usually are the people who don't have target, since their target is not clear they constantly make speculation whenever market is doing some movement.
and honestly this already spells their lose because people who aren't confident are usually people who always hesitant and panicky, will probably cut lose at the slightest market correction. even though it's momentary retracement.

Very true, one's green won't let him/her to make any profits in trading. Someone who wants to earn profits as a trader should understand that greed and other such emotions are the main cause of losses in trading.

Many traders have lost money in trading only because of their greed or fear. I believe greed is the first emotion that is present of everyone but if someone wants to be good at trading then controlling of that emotion is essential.

Those traders who aren't controlled by greed or other such emotions are the real traders who earn profit from trading. The pro level traders know how to control their greed and emotions and that's why they make money in trading.

Your three points of views in trading is good, but you have to know that trading needed most is concentration and the ability to learn and comprehend the perfect ways to escape from it loss, so for you to escape from its loss you need to acquire more experience and also not to be greedy, sometimes what makes some people to experience a huge loss in Trading us base on ignorant, so I believe that's one of the things

If you don't have a mentor you can excel in trading by acquiring your knowledge of trading through online tutorials and further investigation that will make you to achieve your objective in trading, but when your concentration is limited, I don't think that you can excel, you maybe of good point for having a mentor that will gives you all the descriptions or narratives of trading before you venture into it so that you will not experience that much.

Secondly, don't establish trade with what you know you cannot afford to lose, one of the important thing in trading is for you to know exactly your target, because if you know your target you will not feel sad when you experience negativity in your trade

Its common for all of us specially on the moment that you would really be that in profiting state but in losing then you would really be that thinking up carefully on the things that you are dealing into.
We are just human beings on which it would really be just that normal that you would really be able to feel up those kind if spike of emotions on the moment that you will really be able to make those kind of actions
on which we know that this is really that something that could really be make you those kind of actions on which this is something that will really be that normal. It is really just that there would really be those individuals
who over do it too much and thats why they do really end up on messing up their lives just because they are really that tolerating out such greed on them.

Greed isnt really just that only can be felt out when you are really that doing trading but also on the time or moment that you will really be doing gambling. We do know that when it comes into this
situation on where you would really be able to make out those kind of actions on the moment that you will really be tolerating out such greed. Different people would be having that
different control when it comes to this manner. This is why it will really be that varying on how well you do handle yourself.

Being greedy could sometimes be inevitable for beginner traders, and we all know that since we have passed that phase. However, with trading experience and consistent market exposure, you will realize that being greedy is never crucial for trading. Instead, it will only lead us into consecutive losses due to high emotions that control our hearts rather than prioritizing our minds that creates rational analysis.

When it comes with emotional management you only will be in charge of that they can only advise you then they will be able to control it, because a lot of greedy people are always thinking that what they are doing is always right. Their are things that you will consider when ever with people but when you are alone you will always want to what you are always Doing and that is why it is very hard to do away with such character.

And when you become to greedy and it becomes part of you then you will have a problem with managing your finances, you will larvish everything thinking that you will be able be able to get more money when you become to greedy and you might even loose more than you expect.

You just have to learn to control your self and taking risk is not different from it somtimes but know the kind of risk you are taking, some risk might just finish you totally but a lot of people don't want to even take such matters seriously but to me it is very important.

To avoid greed in trading, the main key is to be able to control emotions, because if we can control emotions, we can restrain ourselves when making decisions that lead to greed or fear. Because very often the result of not being able to control emotions will make us greedy and of course it will hurt.

In addition, if we cannot control emotions, we as traders will act impulsively, which at first we trade by sticking to the strategy but instead ignore everything including when the market is volatile and of course discipline will be neglected. So by managing emotions well, we as traders will automatically be able to avoid greed and can even create mental peace in trading.

I would say one of the reasons why there is no stopping in learning the world of trading, is not so much because it takes a long time but because as long as the market moves, there will always be new things that are formed where we must know and understand the market events or the reasons why the events occur in the market where of course when we learn it then it will be an added value to our knowledge to help maximize profits, so that means as long as you still want to be a trader or still want to get profit in trading then there will be no stopping to learn because after all when you dedicate yourself more to learning then the more knowledge you will have.

Regarding greed, yes it is a very common thing in an activity that involves profit opportunities, there are always certain times for a trader to be driven by greed, but when you have a lot of knowledge as a result of the learning you have done then of course you will be able to avoid various actions that are not recommended because you are aware that it is a high-risk action.

Greed is not new and there are actually explanations on how it works and on how it can be prevented. Concerned people can learn from it and they can even apply it but there are still times that they can not take it anymore. The only best solution for this problem is stop doing that activity that makes you greedy and affect your life in a negative way.

I think you mean to say is that we will only realize or say it in our head first? But if we have no person to talk about or we are shy, we will still be like this afterwards because we will only look crazy if we will say things loudly when there are no other people around.

In trading or investing, there is what we called as analysis. It basically works like a guide to somehow know if the price of the crypto can still increase or not. For those who are totally clueless, why will they bother wait? For what? They should be the ones who are going to be greedy here. Selling earlier but still ends up in profit is still obviously better than waiting for more but ends up losing the opportunity.

This shows that being greedy is sometimes a good thing too, or it has two sides/scenarios. If only BTC is the coin that we are talking here, then there are exceptions. I mean we can wait much longer for it, as it is a proof that history really can repeat itself. I'm only referring to its pumped price here because it can dump as well.

Expectation of higher profits makes traders greedy which is more common with newbies. When I started it was very greedy and suffered losses but with gradual experience and regular purchases the portfolio is showing average UP which reduces the investment risk and the chances of profit are solidified. So I would say focus on growing your holdings before trading.

Reaching a fulfilled state isn't easy for anyone, when you make a lot of profit, the desire to make even more isn't a stranger to anyone. I understand a few people in the world could say "that's enough" and stop when they reach a point, but I understand millions of people who can't, they are only doing what is human.

Wanting more isn't a concept that is far from humanity, this feeling is in our nature and we should not be questioning people who wants more and more even if they get super rich, wanting even more is still understandable. I am not saying it is right or correct to do it, we should stop when we have enough so we do not lose what we have, but not being able to do it is also understandable as well.

Please look at all the rich people in the world, even the richest people want more money and this is why it is understandable for people who are not even that rich to want more money as well.

If Elon Musk still wants more money, then we shouldn't be shocked the person who turned 1000 dollars into 5 million to still want even more, yes he has enough, but everyone wants more. This is why, sometimes when a person makes a mistake, we should be more understanding of them and not really make these mistakes.

It will be difficult for all the traders to have the same strategy to trade their crypto, because there are different mentors that is mentoring new traders which is the reason you keep seeing some greed traders in the market. What make  new traders to take their decision to trade on their own knowledge in the process of learning, it will make them not to trade to make income when others traders are trading to make income, because they will think they are using the right strategy to trade at the moment. As a new trader, let your focus be on bullish season whenever you want to trade your crypto in the market, because that is the season many professionals traders use to trade their crypto to make incomes.

A mentor can only remind that someone should not be greedy in trading, when a mentor has reminded then all decisions are in each individual, whether they will remember enough and do what a mentor says, or they ignore it and eventually they become greedy every time they trade.
You are right this will return to each of us because the one who understands ourselves best is ourselves, we cannot expect others to understand what we think. Maybe we can ask for advice and so on, but when it comes to decisions then everything will be in our own hands, yes even if it is something wrong.