Topic: Traders Stop Being Greedy. - page 7. (Read 2813 times)
In my memory, traders have always been quite greedy. So, I don't think you should expect a miracle from them
Crypto itself is risky, so traders who are greedy are at higer probability of losing their capital in trading. Traders with the mindset of greed will always missed out on coins. This thing called greed is not far off anybody, everybody in the space have greed, but it depends on how you are able to control it. For me, I came into the space 2021, I bagged Shiba and the most comprehended African project wakanda Inu, Shib pumped and gave me my profits, while wakanda Inu also pumped, but I refuse to sell because I was hoping that the coin will continue pumping, due to my greedy mindset, all my friends that bought the same with me sold theirs, I was the only one remaining, I waited for it to hits it's ATH target but still refuse to sell. When wakanda Inu started to dip, I thought it was a normal thing in the space that it will dip and still pumped, to my greatest surprised, the token dumped on me and I lost my entire capital used in investing in the project. That taught me one big lesson about greed
Since we want to get a big return rather than the safest one so most of us looking for a good potential altcoin. We can search for top altcoins with low prices but big liquidity and many utilities so the altcoin won't die too early from the competition out there. We can't always get a big profit because that is one of the greedy mindsets that we must avoid.
Many new trader want to get big return when trading and try profitable above 60% but actually they have take risk and looks greedy when profit target above 60%. Although as potential altcoin I think keep big return actually above 10% until 20% and above that amount I think bad decision choose by some trader. Maybe they want with bigger return actually not have good experience how keep consistent with small profit but never become long term investor than with higher return target but need waiting several years later reaching profit. 
It can be learn and minimize, experienced will be your best teacher in learning this matter. There are chances that you'll suffer by following this greed inside you but along the way by experience you'll be more equipped and be more practical in deciding things that will favor your investment or your business. Chances of succeeding is not far if you collect those ideas and learn how to minimize greed and use it the right way.
Experience is the best teacher in all parts of life. I have studied in college for 4 years, and whatever I learned there gets dwarfed by the amount of knowledge and experience I learned in real life. Crypto is the same thing, if you try to learn how to trade, you will get to a point and without trying to learn, you shouldn't be focusing on trying to make any money at all because it will end up with a loss.However, studying means that you will not start off with a terrible base, and yet you still need experience to become great. I personally believe that the more you trade, the better of a trader you will become and that way you will start to make a profit big time eventually.
Yes, one of the failures is greed. Humans in general have a greedy nature, so they quickly become arrogant and never care about the risk of losing. Crypto is a risky trade, some experienced people will avoid greed in trading. Many of those who become greedy will regret not taking the opportunity. In trading we must commit to a predetermined strategy, for example, the profit target is something that cannot be changed anymore. If the profit line has been reached, then immediately take it. And don't mind the temptation that the market will go higher, because that's still a prediction and far from correct.
Greedy as all human attitude and difficult how to stop it actually with new comer trader, they have bad mind how with less fund trading can earn much profit almost 100x and looks crazy with their target selling coin. Maybe greedy can stop some one with trading but have left of them make greedy as good experience later how keep effective take profit although with few percent only. Many time greedy make trader losing much money when have chance to sell on higher price waiting can hit more than 100x profit but when price drop they will cut loss. 
Yes, one of the failures is greed. Humans in general have a greedy nature, so they quickly become arrogant and never care about the risk of losing. Crypto is a risky trade, some experienced people will avoid greed in trading. Many of those who become greedy will regret not taking the opportunity. In trading we must commit to a predetermined strategy, for example, the profit target is something that cannot be changed anymore. If the profit line has been reached, then immediately take it. And don't mind the temptation that the market will go higher, because that's still a prediction and far from correct.
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.
Greed is the main thing that kills traders these days, because when people start to hype a particular coin, some traders will live the particular coin they are holding or trading just to go and get the benefits from the newly hyped coin, and when it fails, they will refer trading as gambling, and some of them even borrow money to trade, and it is advisable not to invest money you cannot afford to lose in cryptocurrency trading. So it's a good thing we've stopped being greedy. 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.
Some people have applied the rules well and the right strategy, but they even ruined all of that with their continued greed. this all depends on each individual. I will do the same with you to overcome this greed, which is to identify the initial goal first so that you know what to do and what to keep.
But what I see, this is not all about greediness, our mindset will also affect decisions. Let our positive mindset dominates our decisions, not our emotions. We also have to learn enough and exercise our minds to keep positive as this is the only it helps us not let our greediness get stronger that will soon controls us.
We all apply some rules and strategies, but the strong character is what is needed to eliminate greed! I don't think it's possible to eliminate greed completely, we all want "a little more, a little better", in a way that makes us better! So some level of greed always exists, it's about how good we are at controlling it! Experience plays a major role, we all start with hot heads and big wishes, we risk a lot to get even more, but it doesn't work that way, most of us know that in the long run, it takes a plan and patience to survive and be profitable!
People should know that control doesn't come overnight, it's something we need to practice every day if we wish to be good at it! Pretty much like everything else, practice makes perfect!
Some people have applied the rules well and the right strategy, but they even ruined all of that with their continued greed. this all depends on each individual. I will do the same with you to overcome this greed, which is to identify the initial goal first so that you know what to do and what to keep.
But what I see, this is not all about greediness, our mindset will also affect decisions. Let our positive mindset dominates our decisions, not our emotions. We also have to learn enough and exercise our minds to keep positive as this is the only it helps us not let our greediness get stronger that will soon controls us.
Many new traders come to crypto because of the influence of many successful people in crypto in investing long term as well as short term. They do not want to know the extent of the struggle and experience of the old traders in facing failure until they are successful. Being a trader must have skills, good at analyzing and our knowledge of the market is also broad. Their beginner habits are often greedy, because they arrive late, so the get-rich-quick mindset has always been a fantasy for them. In the end they lost everything.
Sometimes following market speculators who supposedly "win all the time" and show a rich lifestyle, is totally false and it is very possible to unmask them, first because they don't show their trades, they don't show their profits and losses, if they show their profit and loss would be something else, they don't follow their own advice either, a professional trader works with at least $1M, and those who work those amounts aren't even posting it, I think YouTube and some social media platforms that show people like that, are very liars.
~snip~
Bitcoin is safest coin for long term but profit is very low as compared to other altcoins. When Bitcoin up above 20ki stopped buying bitcoins and I searched for top altcoins and found Etherium,Dot, Cardano and Luna which I believe that they will remian for long term and I like to increase quantities in these coins every month. It does not matter market up and down I believe that one day these coin will go high and make me wealthy like those who purchase Bitcoin are early stage.
it's good to buy the top altcoins gradually moreover the potential to continue to grow and develop is also great so don't hesitate to buy it
Since we want to get a big return rather than the safest one so most of us looking for a good potential altcoin. We can search for top altcoins with low prices but big liquidity and many utilities so the altcoin won't die too early from the competition out there. We can't always get a big profit because that is one of the greedy mindsets that we must avoid.
I am a bitcoin maximalist and I never tell that to anyone. I just tell them to DCA their way into crypto and never put anything in one basket. Sure, I believe bitcoin will be one million dollars one day, not anytime soon but in the future, but there is no reason why you shouldn't make most of your investment.
It means if you invest a bit now, and if it drops then you will invest a bit there as well. I buy bitcoin once every month when I get my salary, and that is how I grew it bigger and bigger, sometimes it's lower and allows me to get cheap bitcoins, sometimes it's higher and I increase it, but I keep buying it, instead of going all-into bitcoin.
Bitcoin is safest coin for long term but profit is very low as compared to other altcoins. When Bitcoin up above 20ki stopped buying bitcoins and I searched for top altcoins and found Etherium,Dot, Cardano and Luna which I believe that they will remian for long term and I like to increase quantities in these coins every month. It means if you invest a bit now, and if it drops then you will invest a bit there as well. I buy bitcoin once every month when I get my salary, and that is how I grew it bigger and bigger, sometimes it's lower and allows me to get cheap bitcoins, sometimes it's higher and I increase it, but I keep buying it, instead of going all-into bitcoin.
It does not matter market up and down I believe that one day these coin will go high and make me wealthy like those who purchase Bitcoin are early stage.
it's good to buy the top altcoins gradually moreover the potential to continue to grow and develop is also great so don't hesitate to buy it
Actually not mainly in trading or other forms of businesses but greed is mostly known in gambling. This is where it originated but later on adopted on other fields. We have several threads here about stop loss and each of users have their own different opinion in regards to it but I think, one thing is for sure and that is to identify your goals first. When you are done with that, that's the time you can tell if stop loss is really helpful for you or not.
If you have set your own goal, you must follow that no matter what, happens. So what if you see the price still flying? Just ignore it because it wasn't in your plan and you never know that it was only a trap. I am sure you don't want to lose more, than what you already earned.
stop loss is a good strategy to stop greed. because if you don't use stop loss, profits and losses will not be controlled. Greed will rule our minds when prices continue to rise and rise, no take profit is made if we don't use stop losses.If you have set your own goal, you must follow that no matter what, happens. So what if you see the price still flying? Just ignore it because it wasn't in your plan and you never know that it was only a trap. I am sure you don't want to lose more, than what you already earned.
Some people have applied the rules well and the right strategy, but they even ruined all of that with their continued greed. this all depends on each individual. I will do the same with you to overcome this greed, which is to identify the initial goal first so that you know what to do and what to keep.
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.
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.
most newbies just believe whenever you start trading then you are rich already, most of them dont really understand what cryptocurrency is really about, they are not really looking for little profit, as a trader we should always know when to buy a coin and when to sell a coin, we should always know when to leave the market. if you notice that the market is not raly favorable then you should sell your coin and take your profit. The only coin i always encourage people to be greedy with is bitcoin, the more you hold the more your profit increases.
I am a bitcoin maximalist and I never tell that to anyone. I just tell them to DCA their way into crypto and never put anything in one basket. Sure, I believe bitcoin will be one million dollars one day, not anytime soon but in the future, but there is no reason why you shouldn't make most of your investment.
It means if you invest a bit now, and if it drops then you will invest a bit there as well. I buy bitcoin once every month when I get my salary, and that is how I grew it bigger and bigger, sometimes it's lower and allows me to get cheap bitcoins, sometimes it's higher and I increase it, but I keep buying it, instead of going all-into bitcoin.
Bitcoin is safest coin for long term but profit is very low as compared to other altcoins. When Bitcoin up above 20ki stopped buying bitcoins and I searched for top altcoins and found Etherium,Dot, Cardano and Luna which I believe that they will remian for long term and I like to increase quantities in these coins every month. It means if you invest a bit now, and if it drops then you will invest a bit there as well. I buy bitcoin once every month when I get my salary, and that is how I grew it bigger and bigger, sometimes it's lower and allows me to get cheap bitcoins, sometimes it's higher and I increase it, but I keep buying it, instead of going all-into bitcoin.
It does not matter market up and down I believe that one day these coin will go high and make me wealthy like those who purchase Bitcoin are early stage.
Usually when reach professional level on trading they never have greedy attitude and before buy order filled they have target selling price with 5% minimum and not have maximum profit target more than 10% above. When have greedy never care with 10% profit and looks small fund when reaching profit with 10% only and they try how could be 100% profit and loss chance with profit after price drop again. Not good way when greedy trough trading on cryptocurrency, better with small percent profit but on daily activities day than have cut loss and waiting long time for much profit.
Yes because they already learned a lot and that is the reason why they are now professionals but pro traders are once a newbie and being greedy is also one of their problems before. Pro traders are more skillful and are now advanced when it comes to thinking, so yes they already know what to do next just before they execute their first move.Yup, greedy peeps under estimate the potential of small profits but they only want big profits at all times. They didn't know that big profits are hard to find and they always end up on a riskier situation looking for it. It's okay to cut loss or to use a stop loss because there are times that coins will drop more and will have a hard time to recover.
I am a bitcoin maximalist and I never tell that to anyone. I just tell them to DCA their way into crypto and never put anything in one basket. Sure, I believe bitcoin will be one million dollars one day, not anytime soon but in the future, but there is no reason why you shouldn't make most of your investment.
It means if you invest a bit now, and if it drops then you will invest a bit there as well. I buy bitcoin once every month when I get my salary, and that is how I grew it bigger and bigger, sometimes it's lower and allows me to get cheap bitcoins, sometimes it's higher and I increase it, but I keep buying it, instead of going all-into bitcoin.
Bitcoin is safest coin for long term but profit is very low as compared to other altcoins. When Bitcoin up above 20ki stopped buying bitcoins and I searched for top altcoins and found Etherium,Dot, Cardano and Luna which I believe that they will remian for long term and I like to increase quantities in these coins every month. It means if you invest a bit now, and if it drops then you will invest a bit there as well. I buy bitcoin once every month when I get my salary, and that is how I grew it bigger and bigger, sometimes it's lower and allows me to get cheap bitcoins, sometimes it's higher and I increase it, but I keep buying it, instead of going all-into bitcoin.
It does not matter market up and down I believe that one day these coin will go high and make me wealthy like those who purchase Bitcoin are early stage.
Greed is of major concern in trading and other businesses as a whole. When it comes to trading I think having a stop-loss is going to be helpful in this regard. We need to have a target that when it gets to our target easily pull out but then even after getting to our target greed comes into play especially when we see that the coin we invested in is still flying high. Some would then decide to continue instead of taking profit and they end up going below their capital. This calls for discipline. Set limits, set rules for the risk you take and try to stick to them.Greed most times doesn't pay even though sometimes we might just be fortunate.
Actually not mainly in trading or other forms of businesses but greed is mostly known in gambling. This is where it originated but later on adopted on other fields. We have several threads here about stop loss and each of users have their own different opinion in regards to it but I think, one thing is for sure and that is to identify your goals first. When you are done with that, that's the time you can tell if stop loss is really helpful for you or not.If you have set your own goal, you must follow that no matter what, happens. So what if you see the price still flying? Just ignore it because it wasn't in your plan and you never know that it was only a trap. I am sure you don't want to lose more, than what you already earned.
Bitcoin maxis will tell you it doesn't apply to Bitcoin. In fact, if anything, that all eggs should be saved in one Bitcoin basket by buying and hodling only Bitcoin.
In a related development, saying traders shouldn't be greedy is like saying humans shouldn't be humans. Greed is the nature of humans. What makes greed an issue is how we control or allow it control us. As a trader, you will want to get more off the market whenever an opportunity presents itself, factoring in the fact that the market is merciless when dealing with traders. It's not a bad thing by my books, though, to get back at the market if we can. Nevertheless, one has to be careful in doing that so as not to get very greedy. Like we were taught in the drama Macbeth that being ambitious isn't a bad thing but that being vaulting ambitious is a problem.
I am a bitcoin maximalist and I never tell that to anyone. I just tell them to DCA their way into crypto and never put anything in one basket. Sure, I believe bitcoin will be one million dollars one day, not anytime soon but in the future, but there is no reason why you shouldn't make most of your investment.In a related development, saying traders shouldn't be greedy is like saying humans shouldn't be humans. Greed is the nature of humans. What makes greed an issue is how we control or allow it control us. As a trader, you will want to get more off the market whenever an opportunity presents itself, factoring in the fact that the market is merciless when dealing with traders. It's not a bad thing by my books, though, to get back at the market if we can. Nevertheless, one has to be careful in doing that so as not to get very greedy. Like we were taught in the drama Macbeth that being ambitious isn't a bad thing but that being vaulting ambitious is a problem.
It means if you invest a bit now, and if it drops then you will invest a bit there as well. I buy bitcoin once every month when I get my salary, and that is how I grew it bigger and bigger, sometimes it's lower and allows me to get cheap bitcoins, sometimes it's higher and I increase it, but I keep buying it, instead of going all-into bitcoin.
Perfectly said but now new users think that trading is very profitable and they just start trading without proper research. So we have to learn then start trading. We should know which coin is more potential and chart analysis. But must never be greedy by investing whole assets in a coin.
Trading is very profitable that is true! But those newbies doesn't know what kind of experience, risk and knowledge did the trader has to reach those kind of profits. I think most of traders here do experience being greedy with their trades and honestly I've been greedy for many trades before. I know we shouldn't apply that trait when we are trading but the itch to get a much bigger profit is very strong. I've experience so many losses from time to time but I'm trying my best to get rid and avoid it. What more when you are a newbie that didn't experience that much greedy events.Jump to: