Topic: Never Be greedy! - page 8. (Read 2754 times)
Greed is the number one killer when it comes to trading. Greed can make you lose all your money. You must devise a strategy in cryptocurrency so that you would be able to be consistent and be a profitable trader and investor.
Greedy individuals dependably lose their cash because of ravenousness for more cash in less time. They settle on sudden choices and that isn't right for your future. On the off chance that you need to acquire enormous cash and satisfy everything you could ever hope for later on you should be patient and cool and don't take your choices in a frenzy. Sit tight for good circumstances to come and be hopeful about the brilliant future.
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.
I think the eagerness to earn is not being greedy. It is just fine to aim for the best as long as wr have the opportunities on our way. After hodling aiming for a good profit is still fine as long as we are trying our best to reach our target goal. We must just always think twice before making any decisions.
Traders and investors are all humans and humans are bound to be greedy by nature. People often have less control over their emotions. But yes, obviously traders should invest their money wisely. In the greed of earning more and more they invest their entire money without thinking that the things might not work as they thought them to. So after experiencing such losses they should learn from these mistakes.
Agreed, be a little less greedy than the other traders
discipline is the key. plan ahead, set an entry and exit
point beforehand. Also learning how to use stop-loss
is a great start for disciplining yourself.
discipline is the key. plan ahead, set an entry and exit
point beforehand. Also learning how to use stop-loss
is a great start for disciplining yourself.
If greediness is a bad thing in trading at some point but i think it will be good in investment. So while others don't make any move to take the opportunity of investing more while the price is down, it's your time to be greedy this time so will gain big profit when the crypto you are investing goes high.
Many mistakes start from insatiable greed and you can not escape. You will not be able to calculate what is the right time.
If greediness is a bad thing in trading at some point but i think it will be good in investment. So while others don't make any move to take the opportunity of investing more while the price is down, it's your time to be greedy this time so will gain big profit when the crypto you are investing goes high.
That's true don't be greedy especially in trading. Greedy person will lose everything because not every time the is on you so just be fair in everything. In crypto if your greedy it's either your win or lose being greedy will bring you down.
Ya being greedy may make you win big some times but is a long term it will surely gonna hurt you and you end up in loss...so really much better to dont be greedy and take smaller profits that will keep you away from big losses 
Trading is not for greedy persons.Because if we become greedy on trading, we will loss our money.We need to be happy with small amount of profits to become a successful trader.
Make sure that you have the knowledge and science of making money in the modern market or not, if you know how to run it then okay and proceed for more investment. On the other hand if you are not well by knowledge then do not waste your money and time here but start learning about a specific source of your desire. It is not up to big investment for a person without knowledge but knowledge is important which will make you able make any quantity of profit.
I'm currently seeing the progress on disciplining myself to control my greed. The outcome is very amazing because most of the time. my decisions were always right. My greed is telling that the profit is still small with its increase but my mind is telling me to sell it now and then I follow my mind and I'm glad I did because it is the right decision.
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.
That's true don't be greedy especially in trading. Greedy person will lose everything because not every time the is on you so just be fair in everything. In crypto if your greedy it's either your win or lose being greedy will bring you down.
Greed should be logical and due to analysis but the greed without control will make huge loss . Greed is the enemy of all investors and traders inlcuding me when I was greedy and didn`t sell my coins in 20k$
When the price of crypto all the times high, many newbies did not take profit and they thinking the price will going up more, and finally the price turn in to bearish. After keep bearish they still have hope the price back to bullish but the price continue down, this is mistake that always newbie do it and finally they loss. But experienced is best teacher and don't make the same mistake again, psychology of greedy should under control to make profit.
I also notice this situation since a newbie are exciting to cryptoworld they never sell even the price are obvious to going down, greediness is not a good idea in trading industry always take profit if you see you have it the important thing is you earn profit not a lose.
So be careful in trading dont be greedy just keep in your mind.
It's correct. Knowledge and skills are compulsory. But the human psychological factor and greed are very important, it directly affects the market. So there should be a smart investment. And respect the community. Respecting the community is respecting yourself. Only that can achieve the goal.
Yes, that's true greed is the biggest problem in trading which should never be underestimated. If you have greed while trading then there is a high chance of losing everything it does not only follow the trading but also in other zones of your life such as gambling and investing. If you invest without reception upon a product or service then you are going to lose that money.
Greed may be difficult to detach from the personality of someone who does not want to learn, because the scattering allows one to gain a good profit, but if you can not control yourself after earning a profit, then loss will always be there for you.
Greed leads a man to destruction. So everybody shouldn't be greedy.when you will involve or get offer for trading crypto currency, you have to be patience. You can't indulge your greed. Actually you have to control your greed for consideration any trading.........
In trading it is better to earn profit little by little but surely than expect to get a big profit that can't necessarily achieved, and eventually even cause we have to hold our coins, because in trading we have to consider many things, not just for earn profit only.
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 the very good tips of advise for the traders in this industry, because many of the traders became like that where in the end they've lose a
lot of money because of their greediness. We should trade responsibly, we must our behavior in trading market must be always in moderation
that's the best way to apply in every aspect we do in the exchange platform.
To be successful in trading you need to be smart enough in order not to make loses. People who are greedy will always buy huge amounts of a particular coin when the price falls by 50%. Before you buy a particular coin, you need to read more on why the coin falls or rises from reliable articles and discussions on forums like bitcointalk.
good advice, trading does not require intelligence. I think experience is the most needed thing.besides that another important thing is Controlling EMOTION. always confident with the decision in this trade is also a little help.
Well yes as so experience and knowledge can help us through out and along the way we will realize that being greedy can just make us to lose more. Frankly speaking, when we see the value is rising we tend to hold more and because of greediness we're hoping for more increase but things turned out different and the price fall. And the profit that we're hoping are just like bubble that popped out because of wanting for more.
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