Traders Stop Being Greedy. - page 8.

carlisle1

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Quote from: ningrum on May 06, 2022, 02:46:02 PM

Greedy is one of the bad traits that exist in all traders, this cannot be avoided, because it has existed since we were born,
this is human, greedy nature can only be minimized by learning,
therefore when trading and even business in the real world this trait will always stick with you,
try to hold it in, and if you succeed, then you will experience good things in yourself, I also try to do that little by little

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.

tazmantasik

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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.

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Quote from: Wiwo on May 06, 2022, 03:43:17 PM

Every professional trader may have to have worked on that aspect as greed can affect to total outcome of any trading period, even in investment or any other aspect of life we need to deal with greed. Greed has made a lot of people a huge amount in the past and even in the future come if anything is not done to take greed away when making important decisions.

Greed is always been part of us and it would be triggered out on the time that we would be dealing with money and of course trading isnt excluded to that.Whenever we do see chances for us to make profits

then this is where greed triggers but there are people who are really that good on handling out their emotions specially on this one.Some could do it directly and some do matter about on their overall awareness
or experience.Controlling it isnt easy but once you do get sufficient experience in the market then you could somehow able to have some good grasp or control on it.

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Every professional trader may have to have worked on that aspect as greed can affect to total outcome of any trading period, even in investment or any other aspect of life we need to deal with greed. Greed has made a lot of people a huge amount in the past and even in the future come if anything is not done to take greed away when making important decisions.

ningrum

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Greedy is one of the bad traits that exist in all traders, this cannot be avoided, because it has existed since we were born,
this is human, greedy nature can only be minimized by learning,
therefore when trading and even business in the real world this trait will always stick with you,
try to hold it in, and if you succeed, then you will experience good things in yourself, I also try to do that little by little

dataispower

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Quote from: BD Crypto on May 04, 2022, 09:51:36 AM

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 profitable but having the knowledge of how to trade we always make you not to encounter losses in your trading, show me a good trader and I will tell you countless less times and numbers he has gained trading knowledge or wisdom, trading is not like other buying and selling business it involves analysis before starting.

sulendra12

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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.

That is why we should not chase for the highest profit if you don't know how to manage the risk because that means if it doesn't expect your goal then it's going to be disappointed for you and it may affect your emotion thus makes your trading experience even worse then just making a normal and decent profit. 4 or 5 times of the trading capital is pretty difficult without any big news just saying.

lombok

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From what I have experienced, if there is a bit of greed during a volatile market, I will experience losses, especially in the futures market. I have repeatedly experienced this incident, where I feel greedy I will experience losses. Now I will stop if I have a big passion when the market goes erratically. Sometimes excessive profit orientation affects hasty decision making in trading and it is very detrimental.

Quitting is the best thing and coming back after all is normal to avoid losses.

alik111

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When someone trade without any research they can't make the proper decision about when it's exit time or when it's time to buy. So they become greedy and lose funds. So in trading never be greedy and never be a Gambler by trading without research.

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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.

Well said It is one of the most important things, I will agree with you.That's the problem Greed destroys people.We fall into greed without thinking much.This greed works in most traders.Although I have lost a lot in greed.

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It's normal human nature to never have enough and it's a very difficult feeling to control unless they know how to have gratitude.
I don't think all purchases or other actions aimed at seizing a moment, opportunity and more are greed. Sometimes we are so sure that only then we can take bigger profits even though sometimes things are not according to reality.

But of course, I exclude the ridiculous actions of people who are willing to sell their entire assets just to invest in crypto but they don't have enough knowledge. All in in crypto is not really a problem as long as they have other reserve funds, but not by selling whatever property they have and that is what deserves to be called greedy.

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Quote from: stepwilli on May 06, 2022, 12:33:16 AM

Quote from: Desscount on May 03, 2022, 05:22:39 AM

Quote from: GigaBit on May 03, 2022, 04:16:30 AM

I fully support you in this concern. Never trade the full amount of your deposit. This will increase your risk and never make any trade in one basket. If you can research and trade in different places that will minimize your risk. Don't falling down in the trap of greediness.

Yes it would be very risky if all our money was used for just one coin,
so it is very important to minimize risk as much as possible and also need to set targets at the beginning both to sell and buy,
if you feel you have made a profit, it's better to sell it and of course it depends on the analysis we have done previously

Anyone who puts all of their money into just one single investment doesn't know what investment is or should happen. I personally do not even put it on anything all together, I always end up with cash almost all the time. Sure, there are moments when I believe market has crashed to bottom like today and I invest all I have into bunch of coins, but never into a single one and usually when the market is not like this I end up having some case just in cash.

It is one of the most important things, because it allows you to get ready for anything that may come later on if the price drops. If the price goes up, you profit anyway and no need to consider anything else.

actually putting all assets in one basket doesn't matter if we put it in bitcoin, and I think it's the safest, it's just that the profits are not as big as if we invest in altcoins. and this method is the safest way with minimal risk, because everyone believes that bitcoin is the mother of all altcoins, which is the leader in cryptocurrency. but if we want more profit, of course diversification is a wise choice

Leebabe

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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.

molsewid

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Quote from: BD Crypto on May 04, 2022, 09:51:36 AM

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.

We can help them yes, but all the things, efforts and learnings must come with own accord. Since the pandemic starts many people start investing or trading in some coins in the market, new people in the market are mostly follow what other influencers are saying, if one influencer says to buy this token they will buy it, when they got some profit they will start to trade in all calls, they need to be informed that not all tokens are profitable in the long run especially these new tokens in the market that having a NFT or p2e tag in their project. Greed comes after we reap something in faster time than others.

stepwilli

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Quote from: Desscount on May 03, 2022, 05:22:39 AM

Quote from: GigaBit on May 03, 2022, 04:16:30 AM

I fully support you in this concern. Never trade the full amount of your deposit. This will increase your risk and never make any trade in one basket. If you can research and trade in different places that will minimize your risk. Don't falling down in the trap of greediness.

Yes it would be very risky if all our money was used for just one coin,
so it is very important to minimize risk as much as possible and also need to set targets at the beginning both to sell and buy,
if you feel you have made a profit, it's better to sell it and of course it depends on the analysis we have done previously

Anyone who puts all of their money into just one single investment doesn't know what investment is or should happen. I personally do not even put it on anything all together, I always end up with cash almost all the time. Sure, there are moments when I believe market has crashed to bottom like today and I invest all I have into bunch of coins, but never into a single one and usually when the market is not like this I end up having some case just in cash.

It is one of the most important things, because it allows you to get ready for anything that may come later on if the price drops. If the price goes up, you profit anyway and no need to consider anything else.

Wakate

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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.

Greed is another problem that investors do experience in the market. Greed is capable of making a trader to loss huge fund if care is my taken. Trading is like a life trading or school. We learn everyday and we should be prepared to fight greed because it's the normal one problem of humans we it comes to trading.

I have lose some good amount of profits back to the market because of greed. Learning how to trading is a different thing when it comes to consciously monitoring you emotion and mindset.

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Quote from: BD Crypto on May 04, 2022, 09:51:36 AM

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.

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Quote from: tvplus006 on May 01, 2022, 01:55:30 PM

Quote from: 99Percent on April 30, 2022, 09:45:55 AM

In my opinion, the right time is when we start buying red, sometimes when it's green, I can't control my lust, always wanting bigger and more numbers, makes me hesitate to sell when it's green, and in the end I lose, not according to what expected,

It will be right when you buy a coin, when it has finished adjusting and the price starts an upward movement. Such levels for buying are usually support zones and from which the price is usually repelled. But such a strategy should always be supported by a stop loss, which is set below the support level.

I agree with what you said but it is only a trader who is knowledgeable about what he is doing that will adhere to this.
A trader who do not know the difference between taking risk and taking calculated risk in trading will end up praying for good luck when ever he trades. My advice to traders is this, ensure you have knowledge about trading and what you want to trade on before you trade else you will never make profit.

BD Crypto

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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.

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Failing to plan is also planning to fail as most investors don't not a clear picture if what they want up in their skull.
When you have a clearer target of whatever you're chasing you'll know when to start and put an end as a trader.
Greed is a killer take the little you have and be content with the little you have, it's not a good thing too see people loss fund's but what impresses me is that they are gradually dealing with the pain and learning fast form the mistakes.

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