Never Be greedy! - page 29. | Bitcointalksearch.org

futile-resistance

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Quote from: tesla80 on June 02, 2018, 06:13:53 AM

For example all the traders look at the RSI when points 80 or more to sell, but you can do it at 63 - 70 area to avoid some risk.

Greed is your enemy!

There is a famous saying that greed is curse and that this statement remains valid in all the situations. You must be sure that you are keeping your emotions under your control and that none of your decision is based on your emotions. The moment you will lose control over your nerves, you will then not be able to think properly and that you will then be suffering some huge loss as well.

AtlantaFive

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Being greedy is bad because it can result in different outcomes. For example if you have invest and your investment hits 50% up in your profit then the next thing to do is to sell it now for profits but eventually you will only hold it and wait for it to make 100% and as a result the price dump and the worst part is you won't profit and will lead you to a negative profit. I experience this before whenever i do day trading. I always wait for more then always ends up not to profit. Now i change a lot because i always see that scenario in the past.

goaldigger

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Well said. Most of the people who want more than what is enough end up either loss or struggle to have some. They envy those who have more and putting themselves on their shoes hoping to get more too. They have no contentment at all and do what it takes just to have what they want.

chichigirl

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HELENA

I think it is not being greedy but instead choosing the right time to invest and if you think that you are right and confident from what you are doing then go for it and face the results of your actions.

VclDm

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Quote from: Alvaro094 on June 04, 2018, 04:41:46 PM

Be fearful when others are greedy, be greedy when others are fearful Warren Buffett. this is a doc moment looking for be greedy

This is a great quote from the wealthy investor Warren Buffett, choosing the right time to invest when the market fluctuates is his secret of success. I am also learning from this market day by day because it gives me great feeling when choosing the right coin and the right time.

BarbieCasino

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Quote from: Regenmacher on June 04, 2018, 11:16:38 AM

I have a rule, to cash out big part of profits when it hits +50%. I haven't seen such prpfits for a while, so I hold till I reach to them.

Trading and earning is all about maximizing the profit. Once you are in the market, you are better the person who focuses on the cost and profit analysis. This is how people work in business. There is no concept of greed. You set your own target and once you achieve it, you do extra things to stay motivated. Once you have enough financial freedom, you fine ways to get going in the field and that sometimes lead to altruistic works as well.

Driggers95

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Quote from: budakjawa on May 29, 2018, 05:06:35 AM

yes you really should never to be greedy because if you become greedy you seem to get the loss because it is too greedy, better to take advantage of just enough.

Selling in time and knowing how to buy in time makes us more money than greed. I remember once I had hoped the Executive Board would increase to $ 3,000. I purchased the BCH at $ 800, and when the price went up $ 2000 I did not sell

emberbekas

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Quote from: shilpyh on May 28, 2018, 10:15:36 PM

While trading we have to follow few rules and without following those rules there is no way to be a successful one except a successful by chance. There are lots of rules of them greedy plays a vital role. While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a lessor.

Placing a target can help us avoid greed. Sell as soon as we reach our target. There is a good example of the previous price fluctuations when ethereum reached about $ 1400. Some of my friends continue to hold the ethereum and expect prices to go up but they have no targets at all. Currently they are crying because they have lost a good chance to make a profit.

Alvaro094

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Be fearful when others are greedy, be greedy when others are fearful Warren Buffett. this is a doc moment looking for be greedy

Greed Dev

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Quote from: otunayode on May 29, 2018, 02:14:48 AM

Greed is double edged sword, it could be good or bad depending on the part of sword you are using! Without greed you may not really think wide and far enough for you to achieve greater price for you holding!

Agree with your opinion. Greed is a double-edged sword. As luck would have made some huge profits. But if we are not lucky and sell at the right time when the price is high, then we will regret not selling

SvonioneFromMangoCoinz

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https://streamies.io/

Quote from: Marcel666 on May 29, 2018, 02:00:49 AM

Snap up opportunities that presents itself. Have a specific profit % that can be raised or lowered depending on how propitious the trade is. For me, you can be greedy but always be logical

We can not predict how much the price will increase, more or less, so we have the right to be greedy. But it is only greed in some cases when we buy low rates rather than purchase coins at high prices

coinplus

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Quote from: Usafstar on May 31, 2018, 01:37:31 AM

If you want to successful in the crypto industry then it is important for you to keep it for long term and the patience is key to success so never be greedy don't think in short run.

Pretty much the way most especially even if you are a trader. I have never been a fan of day trading or doing some quick bet on the market. I believe in trend following and I am always pleased with the result. It is a strategy and as long as everyone can have their strategy and stick to it, I am sure; greed will even be the last thing to think about.

The reason why a lot of people get greedy is because they never know when to even sell in the market and they probably must have been lucky to even buy low or buy a moving train and that brings in emotion which may eventually lead to greed.

tesla80

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Full Stack Engineer

Another greed recommendation;
Do not use unknown web sites / bots for more and more money.
Some web sites are malicious and they inject viruses into your computer using phishing and they steal people's money.
So some are expecting more profit, but losing all the money!

Don't be greedy, first protect your security, second protect your privacy, third hold your wishes and greed.

giarised

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Quote from: quality.crypto on June 02, 2018, 06:31:52 AM

Quote from: Bharathi13 on June 01, 2018, 03:27:54 PM

Op did you actually faced greedy situation??? If yes, did you made profit or made loss??? In crypto trading greedy attitude is important but one must be aware with the market tactics to take advantage of being greedy.

Yes, I faced greed because in last year I made lot of money when bitcoin was at $19k but I though the price of the coin increases even higher value and now the price decreased a lot.

Oh man, what you have done. This isn’t right. For this only, it is often advised to look into price charts and before making any solid decision about anything, you must know the actual facts and figures about that coin. Like bitcoins, if you would knew at that time that this high altitude of bitcoins are just for some time and they have to fall down, you would never have been bought at such high price.

lelahkenabanned

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it seems to be greedy in the trading world these traders are used to and already very much are greedy because they want to get a lot of profits and more.

James andrew

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I agree with you because very greedy future is not good their is no main target so everyone should target one and achieved it

Dudeperfect

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Exactly! Greed always kills the performance and it reduces the possibilities of Getting higher returns. One should be able to control his emotions (especially the greed) while trading, it doesn't make any sense to rely on what you expect from the market, one should always try to understand and analyse what market is expecting from the traders. It requires the high amount of experience to understand the secrets of making the profit without relying on emotions.

Rubick99

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I think if we have daily or monthly target is good to avoid to not be greedy. After the traders have reached their target, they be better to stop trading and start again next day. Setting your own rule and don't cross the line if want to be a good trader.

JL421

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Why not trading is normally a really long process , a trader needs to wait for a really long time sometimes, you even get a loss but you still wait so being greedy when you finally get a profit is far right?

Ok i don't really mean that you should just keep waiting for price to go high and high and finally never sell , what you can do instead is set stop loss and keep increasing it as price rises or keep selling some of the coins little by little as price increases

pinkpanther03

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Quote from: shilpyh on May 28, 2018, 10:15:36 PM

While trading we have to follow few rules and without following those rules there is no way to be a successful one except a successful by chance. There are lots of rules of them greedy plays a vital role. While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a lessor.

Being greed is not actually a good habit while doing trade in the exchange platform. But most of the traders became like this type of people,

because of desiring to earn big at once they didn't noticed that greediness is little by little controlling their mindset, which is not good anyway.

Therefore, as much as you can fight on this behavior, well fight for so in the end you won't lose a huge amount of money where you can regret it in

the end.

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