Traders Stop Being Greedy. - page 3.

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Quote from: carlisle1 on July 10, 2022, 05:55:20 PM

Quote from: Lida93 on July 10, 2022, 01:37:08 PM

I am not a proponent of greed in trading but I have this to say, at times may be a very few situations, greed has made some persons luckily hit a good profit level due to how hurriedly they traded on a particular coin while others came in late by way of going to do much research about it.
Am not saying research about a new coin in the market is ain't advisable but ones in a while a good trader need to take some greedy risk especially with an amount they can easily let go.

The last part of your statement is right. If you can let go, the amount of being greedy or taking the big risk is okay.

We never know how the market will turn and the kind of opportunities might be wasted if you will not act right away,

Though it's not always that luck will grant you the right position and most of the time that kind of luck is just limited in a

short span of time, it's up to you to take it as long as you are willing to lose the amount of investment then it still a good call

even in some instances, it's a kind of greedy strategy.

I think that an affirmation when we say lengthen profits does not mean that you are greedy? or when we affirm that losses must be cut quickly, I say this because there are many traders who make their positions, and suddenly the market goes against them and they cannot maintain it, so instead of cutting losses what they do is lengthen it having or keeping hope that the price will rise, and I believe that in trading things are not like that, and there are many people who are winning and who are close to touching the tke profit and do not let it run, unless they withdraw 75% and let the rest run to see if the gains continue to lengthen much longer.

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Quote from: virasisog on July 17, 2022, 01:34:46 PM

Quote from: rojan on July 16, 2022, 10:33:47 PM

Quote from: ?? on ??

The best option to be more confident is to have enough experience. To do this, I tried to work longer on the demo account of the Amarkets broker to have more experience and knowledge.

I think you need to have good confidence before doing anything. If you don't have any confidence before doing anything, you will never be successful. Think carefully before doing anything. Once he starts, he should never pull back from him.

You will only have the confidence to trade if you acquire at least the basic knowledge to do it. Trading is too broad and not knowing how it works will surely lead you to losses due to misconceptions and wrong beliefs. You should have the right mental and emotional condition before doing it because the volatility of the market could lead you into a roller coaster ride of emotions. Before you start, make sure that you're equipped with enough information about technical analysis as well as the potential of the coin that you're going to trade.

It is good to have some decent amount of money but having greed for money and then going to one step ahead having lust for money is another level of stuff.
Where you call the trouble yourself - you are a winner or you are a terrible loser there is no mercy in this game and there is no boundaries.

virasisog

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Quote from: rojan on July 16, 2022, 10:33:47 PM

Quote from: ?? on ??

The best option to be more confident is to have enough experience. To do this, I tried to work longer on the demo account of the Amarkets broker to have more experience and knowledge.

I think you need to have good confidence before doing anything. If you don't have any confidence before doing anything, you will never be successful. Think carefully before doing anything. Once he starts, he should never pull back from him.

You will only have the confidence to trade if you acquire at least the basic knowledge to do it. Trading is too broad and not knowing how it works will surely lead you to losses due to misconceptions and wrong beliefs. You should have the right mental and emotional condition before doing it because the volatility of the market could lead you into a roller coaster ride of emotions. Before you start, make sure that you're equipped with enough information about technical analysis as well as the potential of the coin that you're going to trade.

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Quote from: ?? on ??

The best option to be more confident is to have enough experience. To do this, I tried to work longer on the demo account of the Amarkets broker in order to have more experience and knowledge.

I think you need to have good confidence before doing anything. If you don't have any confidence before doing anything, you will never be successful. Think carefully before doing anything. Once he starts, he should never pull back from him.

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Quote from: ningrum on June 29, 2022, 12:22:52 AM

Quote from: bitcrystal on June 26, 2022, 02:08:11 PM

No good trader invest all his funds at once and go in all. Only newbies do this. Trading involves that you do some research and check some pointers and plan how to invest and what to do if things don't go well or when to take profit. Anyone doing something else is extra-gambling with extreme risk.

Surely it will be very risky when a trader invests all his money and it is not the right decision,
maybe just a beginner but what is certain before investing is that traders do research for consideration,
it is important to minimize the risk

There is never a right decision in trading my friend, it has always been a risk people take of which one can be lucky at times, and that's why is not always good to put all your eggs in one basket because no one knows the next few hours or days, but however, there are certain things which could help a trader make good trading decision, which is having a basic knowledge about trading, it's tools, the market and factors that affect a particular asset you intend to trade

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Quote from: ScamViruS on July 14, 2022, 12:53:00 PM

Quote from: helloinox on July 04, 2022, 12:36:26 PM

Greed seems bad in everyone's view but you can't deny that thanks to greed, people are more likely to hold and push the price higher. You've to understand now all greed is bad since crypto has some form of greed in itself, attract investors thank to the 'get rich quick' scheme and exposing it to the mass public and social media.

Controlling greed is of course important in trading. Because traders who control greed get good results in trading. Because trading is a game of experience, any move in the hope of a quick profit can be costly.

The way everything is promoted on social media today about trading, things are shown to be very different from the reality. So a trader must follow the market trend and take trades after controlling greed.

Greed could fucked you up not only on trading but also in other investment or activities as well which does really involved money or funds to be used.Greed could put you in big trouble since this would really be

resulting on bad decisions because you arent really following your analysis in the first place.If you do hurry up yourself on making profits then you wont really be able to mind or think off carefully on things
that you must do.

Stick with the basics and stick into your analysis even though its not that precise but it is really better that you are on the track rather than hurrying up yourself on trading
and minding on making yourself rich. hehe.

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Quote from: helloinox on July 04, 2022, 12:36:26 PM

Greed seems bad in everyone's view but you can't deny that thanks to greed, people are more likely to hold and push the price higher. You've to understand now all greed is bad since crypto has some form of greed in itself, attract investors thank to the 'get rich quick' scheme and exposing it to the mass public and social media.

Controlling greed is of course important in trading. Because traders who control greed get good results in trading. Because trading is a game of experience, any move in the hope of a quick profit can be costly.

The way everything is promoted on social media today about trading, things are shown to be very different from the reality. So a trader must follow the market trend and take trades after controlling greed.

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I had to watch my whole wealth washing away due to my greed during the past years. The saddest thing is that I have never realized my profits to buy anything for my family or myself. But that was a learning phase anyway, mistakes and wrongdoings lead you to a new line of victories. Never ever do the same mistake. Wink

That is the truth, because some made mistakes for others people to learn so that it will not happen again in the community. I guess many people has learned from your mistakes never to be greedy whenever there is a good opportunity to make a good profits from the market so that they will embrace it on time. This is another advice for those who are still holding their coins to be patient with the bear market because the market price is not looking good for anyone to make a good profits at the moment but the price will definitely increase higher before the end of next two months.

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Quote from: Lida93 on July 10, 2022, 01:37:08 PM

I am not a proponent of greed in trading but I have this to say, at times may be a very few situations, greed has made some persons luckily hit a good profit level due to how hurriedly they traded on a particular coin while others came in late by way of going to do much research about it.
Am not saying research about a new coin in the market is ain't advisable but ones in a while a good trader need to take some greedy risk especially with an amount they can easily let go.

The last part of your statement is right. If you can let go, the amount of being greedy or taking the big risk is okay.

We never know how the market will turn and the kind of opportunities might be wasted if you will not act right away,

Though it's not always that luck will grant you the right position and most of the time that kind of luck is just limited in a

short span of time, it's up to you to take it as long as you are willing to lose the amount of investment then it still a good call

even in some instances, it's a kind of greedy strategy.

Lida93

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Quote from: 24Kt on April 26, 2022, 05:49:36 PM

Quote from: sheenshane on April 26, 2022, 05:39:38 PM

If you're a big risk taker hoping that you will gain profit without having knowledge and skills in trading it seems like you gamble your money in that way.
Being greedy traders isn't right, we should always have a stop-loss when we're in trading and forget about aiming for a high profit because IMO, I prefer to make a small but frequent profit.

Trading needs a lot of research, more analysis like technical and fundamental analysis, if you didn't have this, much better to choose the long term investment which is safe but it will surely make a profit, but the difference is, there's no time frame when you will get your profit, as long as you can patiently wait when the bull run comes.

It is like you are trading blindly and relying on your luck, the results more than likely would be catastrophe to your funds. Even if you are driven by your greed, it is always better to do some background check on the coin/s that you want to get involve with. You can also keep up with the updates and news from their social media channels because like it or not, you can read or feel some hints when you are reading the content of their social media channels. They won't disclose all but you will get a gist of what is going on that will give you idea on how to trade their coin.

I am not a proponent of greed in trading but I have this to say, at times may be a very few situations, greed has made some persons luckily hit a good profit level due to how hurriedly they traded on a particular coin while others came in late by way of going to do much research about it.
Am not saying research about a new coin in the market is ain't advisable but ones in a while a good trader need to take some greedy risk especially with an amount they can easily let go.

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Quote from: rojan on June 27, 2022, 10:24:55 AM

Quote from: thecryptogandalf on May 12, 2022, 07:10:31 AM

Most traders get too greedy, they deviate from their trading plan and end up with losses.

I have these written on my wall.
-Always use stop loss
-Use Take Profit, don't be greedy
-Stop overtrading
-Start small and grow

Here are the things to look for when dating here, but here is the key to not doing this, there is a mentality here and there, but if they are able to overcome it, they can avoid the possibility of energy loss and if they gain. It will be seen that traders are likely to suffer losses but here If you can have a good chat from here, then you can have a good amount of talk from here and if a lot of time is wasted here in the hope of making more profit, then the traders here can suffer a lot.

I would like to add that the market trader or speculator in most cases does not maximize his profits and cuts them, just as he keeps hope when he is losing, this means that if we are operating and we are watching the market, if we put a stop to a movement but we see that it has the potential to continue growing, we must move the stop higher, the ideal would be to have the stop and take profit at the same time, but if not, it would be better to maximize profits that way, but some traders leave the market with a profit, but they lose movements, this is a common mistake, vice versa with losses, if I see that the market is coming against me, I cut the loss, that is, I let the stop loss do its thing I work and I don't move it with the hope that it will go up in price.

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When it comes to trading, greed can be your worst enemy. If you're greedy, you're more likely to take unnecessary risks in an attempt to make a quick profit. This can lead to big losses, and it's simply not worth it.
It's important to be patient and disciplined while trading. Take your time to assess the market and make smart decisions.

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I've seen too many traders make a profit and then get GREEDY wanting more... then turn around ending profit into a loss. I’ve learned in bear markets is to do the OPPOSITE of what the majority of people do.
Don’t get greedy, learn from your lessons, don’t beat yourself up, and keep moving forward.

Greedy is a bad habit every potential traders must avoid from the community, because it always bring regret in the future which is not advisable for anyone to get involve. Now that we are still experiencing bearish market which many people are using this opportunity to buy coins that will bring them more income in the future, but greedy people are still waiting for the price to decrease to $10,000 before they can buy in this season which will cause them regret when the price increase higher in the market. I believe, many people will not miss it this time around because they have learned their lesson to buy when majority people are buying in the market, and sell when the majority people are selling in the market.

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Trading shouldn't be seen as or in any way near gambling. Before venturing into trading one should get to know the don'ts so he or she can avoid losses, also losses would be seen in trading there's a high chance loosing every single bit of what you have in trading than in gambling. Better have limit in whatever you are using to trade. Quest for more profits often time's lead to Greed and it's funny they don't recover quickly from such losses cause thru don't do or carry research on what they have just invested or placed thier money into

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Quote from: BobK71 on July 05, 2022, 06:14:01 PM

I think every human being has more or less greediness. If someone says I have no greed, I will not believe it. Because if there was no greed then why he came to the crypto market he would have lived somewhere else. He knows that while there is a risk in the crypto market, there is also an opportunity to get more that is not available on any other platform. However there should be a limit to what we want. We know that excess of everything is bad. Our demand must be realistic. We often think of a sheet coin if its price is so high then I will have so much profit. We should remove such type of thinking. Just try to be satisfied with little.

Greed is normal for a human being but it do also matters on how someone is good on controlling it and those could really be depending on someones experience and learning that they had attained.

Some are good on controlling their greed and some are not which it do really result into bad decisions specially on investment area.As a trader then its just really that important on how you would really be

handling out yourself on various conditions or scenario specially when you are profitting.You should know on when to secure profits and realize those and you should know on when to cut
losses or call it a day so that you wont really be messing up your trading activity but of course losses are inevitable which is something to consider.

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I think every human being has more or less greediness. If someone says I have no greed, I will not believe it. Because if there was no greed then why he came to the crypto market he would have lived somewhere else. He knows that while there is a risk in the crypto market, there is also an opportunity to get more that is not available on any other platform. However there should be a limit to what we want. We know that excess of everything is bad. Our demand must be realistic. We often think of a sheet coin if its price is so high then I will have so much profit. We should remove such type of thinking. Just try to be satisfied with little.

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Quote from: GiftedMAN on April 26, 2022, 12:12:33 PM

One of the reasons why traders loose money everyday in their trading is 'greed'. A trader will hear about a particular coins he wouldn't even do research or proper findings to know the future of the coins which he wants to trade his money on but rather the greed in the trader will push him to use all he has with the aim of making 4 or 5 times of his trading capital.
Traders are big risk takers so everyone should know what he or she is trading on so that when you loose which is normal, you will learn more.
No trader is perfect but mastering coins you trade on can help you, remember trading is like a gamble you either gain or loose.
Do not trade with everything you have,your egg can not be save in one basket, I have lost but I have gained more in trading with the help of research and mentorship programs.

I don’t think all trading system is like gambling. but trading is gambling which trade use Leverage , margin. However, it is true that when a trader invests all his funds in a token without realizing it, it looks like a gamble. Because if that crashes then he will lose a big part of his investment.

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Quote from: helloinox on July 04, 2022, 12:36:26 PM

Greed seems bad in everyone's view but you can't deny that thanks to greed, people are more likely to hold and push the price higher. You've to understand now all greed is bad since crypto has some form of greed in itself, attract investors thank to the 'get rich quick' scheme and exposing it to the mass public and social media.

And the outcome is mostly negative because of that mindset, but if you do understand and know how to control and take advantage

of this kind of thinking, the chance that you will be able to maximize your benefits from this industry is always possible. There's a

Risk but also there's a good reward once you place and withdraw your position. More on how you will take and how passive you

are in thinking the benefits of your actions.

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Quote from: helloinox on July 04, 2022, 12:36:26 PM

Greed seems bad in everyone's view but you can't deny that thanks to greed, people are more likely to hold and push the price higher. You've to understand now all greed is bad since crypto has some form of greed in itself, attract investors thank to the 'get rich quick' scheme and exposing it to the mass public and social media.

No body is against you buying and holding as the case may be but what do you do once the market is favourable to you will you also time goes on. Do you keep investing instead of selling then making your profit? You can make it but have the mind of maximizing profit.

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Quote from: sulendra12 on July 04, 2022, 03:17:31 PM

Quote from: mk4 on April 27, 2022, 02:37:41 AM

A huge majority of traders don't even know what they're doing in the first place outside of buying and selling based on news and people's opinions on current market sentiment, so telling them to stop being greedy is just as effective as trying to tell a gambler to stop gambling.

To be honest probably most of the comments on here regarding of the suggestion of trading is pretty much they don't use it, especially they don't implement their own words into real trading cases. If they are actually using their own post in real life, then it's good for them. But yeah, most of them just know about simple stuff like buying and selling for most aspects.

Its just common sense on where people would really be suggesting on the most ideal thing to be done which is mostly talking about on not to become greedy but you do really have that point
that people who do common suggest but some people do really miss out on doing so on what they have said into other people.We cant know but for sure there are people who do really miss
out on doing that. Being getting greedy is normal or something humans could really feel specially when dealing with money or something that do talks or in connection on making profit.
Cant really be avoided on some times but when you do get sufficient experience then you would really be able to get a good hold of it.

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