Never Be greedy! - page 37. | Bitcointalksearch.org

danherbias07

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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.

You mean a 90 percent to be a loser because of greed.
Correct. I do believe that. Without the satisfaction of what you will get, small or huge there will always be losses or the feeling that you lose even if there is still profit.
It will always be insufficient to the way you are thinking for the next trades that will come. I have read a lot about those kind of trades and at the end they are at the loaning threads. Grin

olubams

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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.

In some cases, you need to be greedy depending on what you want in terms of target set for yourself. If you set a target of $10,000 stick to it even if the price is $8,000 being greedy would then set in when you reach your target and you decide to want to wait till $20,000 which is not wrong but be ready for what comes next whether good or bad. If its positive, its no longer greedy but being strategic while the other way round is surely to be termed being greedy.

zilong123

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I agree we shouldnt be greedy in terms of trading like if you hold any coin that suddenly pump up and always thinking that it will pump continuously then suddenly decreases so you waste your opportunity to have a good profit cause of being greedy and never satisfied by its price.

Supercrypt

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Quote from: Jaycee99 on May 28, 2018, 11:14:38 PM

https://bitcointalksearch.org/topic/m.38831439

In that link that is what I learned from my past readings that is what I follow and also maybe you could read the whole topic just to know more about trading, just saying I do not assume anything negative I just want to help. Still for me the good thing to do is following everything step you learned and that might get you to the top and be a successful trader.

It is important in trading actually to always have a strategy and not get carried away by all the moves in the market that can actually cause anyone to end up getting screwed eventually. The market is highly volatile and we have actually seen cases where one can end up losing everything from a single dump immediately and then they get confused not knowing what to do. It is always very good to know when it is best for you to sell, as long as you have made good profit and go look for another market to do your thing.

dmamigo

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Quote from: ?? on ??

Greed becomes the image of people exiting in crypto in short terms, like they've been looking for a short-term profit, expecting some coins for a bit then going out after they received their short trades. It is rarely a good thing to do if you want to go win-win, but mostly it is always a loss. Opportunity, lad. It is what is getting lost when you get greedy. Get happy with that profit you get then regret it in the end.

Short term trading isn't a result of greed. People do short term tradings, and makes profit, and that is also a way to make decent money, but only if you can study, analyse and predict the market correctly. Short term trading is not a bad thing and not a loss making method. Many known people are making their profit using using this method. But if you say, holding coins can give better result on some good coins, yes I would say ofcourse, at that time selling coins will make people regret afterwards.

Jating

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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.

Yes, its been one of the most important lessons to learn. You need to set aside, your exit plan and execute it at the dot otherwise you might end up losing. We have seen newbies making this mistakes over and over again, as if they are not contented on how much they are going to profit and keep on waiting for the price to go up.

So the sooner you learn this lesson, the better for you. Personally if I have invested a good amount and I see that my capital is somewhat doubled already, I usually get out take my profits and invest on other coins.

bitcad4u

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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.

Yes.We have to follow some rules for trading.Then only you will be the successful trader.
The things you have to follow in trading
1.You should not be greedy.
2.Patience is must
3.Holding prevent you from loss.
4.Inverse your excess money in bitcoin apart from daily expenses.

If you follow this,you will avoid of loss .When the price increase,you will get profit.

harizen

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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.

That's a basic knowledge but you know that there is also a benefit if a wrong output happened because of greediness.

Because of mistakes like greediness, impatient, weak hands, panic etc. a trader will now have an experienced of those therefore they will not again let it to happened. Mistakes are part of trading life and that is a good foundation for building a trading experience. That mistakes will now be the concern of a trader so a good analyzation must be made just to stay with those mistakes again.

If such cases that the mistakes continues to the point that no winning at least by few times then that person should refrain from doing trades.

herurist

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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.

Because of this I lost almost 40% my money and back to zero again. This mistakes also make a lot of people with big fund become poor in second. We all know how big greedy create lost to us but sometimes we break our rules to get profit, wrong action. I'll never give up to this greedy, I won't lost again because this one. Keep do the best and we will create new future for us.

bering

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some people regretting their decission during trading because too greedy and not listen suggestions from other people but greedy is human nature and very difficult to avoid it especially if you're facing uptrend which is possible to get more profit then greedy will always be aiming us however greedy or not i think it depend on the person themself because if those people can control their emotions and have good mentally i think they will never being an greedy

Leda_2000

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mrclark

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Without following those rules there is no way to be a successful one except a succesful by chance. I learned from my past reading that is what i follow. There are lots of rules of them greedy plays a vital role. We can be greedy but always be logical. If you becme greedy while trading then you can be assured that there is 90% possibility to be a lessor. Make us do the reckless thing and need to be discipline about that. Not only in trading but also in everything.

St4yInTh3D4rk

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"STAY IN THE DARK"

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.

Everyone is greedy here all want to become in short time without any work but we need to a smart worker to become a millionaire.Yes we need to control our emotions while trading and also the panic selling which causes lot of failure for many traders.But trading is like a gambling so we can't do much to become successful but we never lost anythig until we sell them so holding can be an option when the prices are falling.

Xenrise

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This is one of the rule that might lead you into something that might make your money go high or might making your money go low. I experienced it being greedy. And it didn't resulted well. In sportsbet, I loose money because I was being too greedy.

mronezigger

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been greedy is really bad for a trader,because it will lead to over trading a loss of money.
have a good money management,it will less risk on losing money.
for us trader not to be greedy,you must have a limitation on trades.

Arsalan1996

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When any person plan to trade then i think that he should divide his profit ratio into three or four parts so when he reach to that level trade will be close in profit and wait for another good move to profit, if he thinks that he have earned a good profit safely then he should remove opened orders, this can be called tp in crypto trading. only my view not forcing anyone to do so.

budakjawa

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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.

summerbloom

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You'll right, never be greedy in the name of trading market because its deadly sin for investing in crytopland.
-Perhaps the No.1 killer of investment return is your emotions. The axiom that fear and greed rule the market is true. Do not let fear or greed overtake you ,because the market returns may deviate wildly over a shorter time frame, but over the long term, historical returns for large cap stocks can average 10 to 11%. Realize that, over a long time horizon, your portfolio's returns should not deviate much from those averages. In fact, you may benefit from the irrational decisions of other investors.

slashz9

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I agree with you, at least we have a record of the coins that will be played, as well as little ability in technical analysis, and you also have to determine how many targets you will achieve.

Clark05

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A lot of trader who are greedy. So they did are not sucessful of getting high profit.
Those trader who are not greedy are earn a lot of money because they follow eaxh rules. Don't be ignore every single of them because it is helpful to you to become success trading. Don't be greedy and you will see your capital become bigger.

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