I think it nice to see greed as a negative weapon in crypto trading, it's good to be greedy at some point but having an excess of it is what causes a negative result and the best way to start something is to know the basic aspect of it, know what best for you before doing it. This will also help prevent the excess of greed.
This is what happened to the OP, she understands the basics of trading and the best form of trading that will be good for her.
Topic: When Greed Comes First in Trading, the Result is Bankruptcy - page 4. (Read 729 times)
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Winning and losing in crypto is a state of mind.
You either come in with a sensible head and hodl what you can afford to, or you try play the market. I've seen many cases where those who play the market chase their losses not because of greed, but rather because they are too far in, or simply because of pride.
The ones who really know what they are doing are being greedy when the market is red. Seems like a shitshow at the time but over the last decade it has always proven to be the way. This is not financial advice.
You either come in with a sensible head and hodl what you can afford to, or you try play the market. I've seen many cases where those who play the market chase their losses not because of greed, but rather because they are too far in, or simply because of pride.
The ones who really know what they are doing are being greedy when the market is red. Seems like a shitshow at the time but over the last decade it has always proven to be the way. This is not financial advice.
Many people who enter the world of crypto trading start with their greed because they see people who have had great success through crypto trading.
greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.
Are you one of those who have experienced it?
me: yes
early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.
thanks for reading.
please input criticism or suggestions.
Yes in here but to be honest i can control how much capital that i use. Only can't control my emotion when market start to be bad. Mostly i do cutloss for my investment, and then maybe if counted, how much my profit is less than how much i waste in bad trading style which is i panic and then always to rush to sell my coins although it is on lose position. greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.
Are you one of those who have experienced it?
me: yes
early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.
thanks for reading.
please input criticism or suggestions.
As we all are very much familiar with the best quote Greed is a curse and we still knew about that greed with more and more money to make it in less time, but the way investors treat is that they should make it very clear in a first way that selling a little amount and crying after that won't do anything, so mostly holding is a better choice in trading.
Greed is not bad at all but you must know to distinguish which is bad and which is not. Right now, its ok to become more greedy on buying Bitcoin because its cheap but of course you must stay within your limits, and know that greed can be more ok if you’re on a limit. In trading, the risk is always there and being greedy might be more risky that’s why you should only trade when necessary and not because of your greed and negative emotion, you can’t trade with that emotion. Holding is another big thing though.That is very important to know our actions and think if this is acceptable or not. As to let this emotion goes out, that is hard to stop.
But most of the time, that plan is ignored once you are already in action.
You tend to follow what you feel at that moment and that is indeed a mistake.
You should also assess your actions here, because if you will not review what you have done, you will incur the same mistakes again and again.
Greed will always be a part of our life, but it is on us how we will lessen or avoid such virtue to overpower our emotions.
As we all are very much familiar with the best quote Greed is a curse and we still knew about that greed with more and more money to make it in less time, but the way investors treat is that they should make it very clear in a first way that selling a little amount and crying after that won't do anything, so mostly holding is a better choice in trading.
Greed is not bad at all but you must know to distinguish which is bad and which is not. Right now, its ok to become more greedy on buying Bitcoin because its cheap but of course you must stay within your limits, and know that greed can be more ok if you’re on a limit. In trading, the risk is always there and being greedy might be more risky that’s why you should only trade when necessary and not because of your greed and negative emotion, you can’t trade with that emotion. Holding is another big thing though.That is very important to know our actions and think if this is acceptable or not. As to let this emotion goes out, that is hard to stop.
But most of the time, that plan is ignored once you are already in action.
You tend to follow what you feel at that moment and that is indeed a mistake.
You should also assess your actions here, because if you will not review what you have done, you will incur the same mistakes again and again.
Greed will always be a part of our life, but it is on us how we will lessen or avoid such virtue to overpower our emotions.
As we all are very much familiar with the best quote Greed is a curse and we still knew about that greed with more and more money to make it in less time, but the way investors treat is that they should make it very clear in a first way that selling a little amount and crying after that won't do anything, so mostly holding is a better choice in trading.
Greed is not bad at all but you must know to distinguish which is bad and which is not. Right now, its ok to become more greedy on buying Bitcoin because its cheap but of course you must stay within your limits, and know that greed can be more ok if you’re on a limit. In trading, the risk is always there and being greedy might be more risky that’s why you should only trade when necessary and not because of your greed and negative emotion, you can’t trade with that emotion. Holding is another big thing though.That is very important to know our actions and think if this is acceptable or not. As to let this emotion goes out, that is hard to stop.
As we all are very much familiar with the best quote Greed is a curse and we still knew about that greed with more and more money to make it in less time, but the way investors treat is that they should make it very clear in a first way that selling a little amount and crying after that won't do anything, so mostly holding is a better choice in trading.
Greed is not bad at all but you must know to distinguish which is bad and which is not. Right now, its ok to become more greedy on buying Bitcoin because its cheap but of course you must stay within your limits, and know that greed can be more ok if you’re on a limit. In trading, the risk is always there and being greedy might be more risky that’s why you should only trade when necessary and not because of your greed and negative emotion, you can’t trade with that emotion. Holding is another big thing though.That is very important to know our actions and think if this is acceptable or not. As to let this emotion goes out, that is hard to stop.
Many people who enter the world of crypto trading start with their greed because they see people who have had great success through crypto trading.
greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.
Are you one of those who have experienced it?
me: yes
early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.
thanks for reading.
please input criticism or suggestions.
This is nothing really new, a great deal of the people only work at their jobs because of the money they get and not because they are actually interested in what they are doing, unfortunately this leads to a very low performance and those people never really advance much on their careers, however if you are someone that actually likes what you are doing then eventually the money will follow as you will be willing to dedicate way more time than the average person and this will bring an improved performance, from which making more money is inevitable, and something very similar happens in this market to traders and investors.greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.
Are you one of those who have experienced it?
me: yes
early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.
thanks for reading.
please input criticism or suggestions.
Many people who enter the world of crypto trading start with their greed because they see people who have had great success through crypto trading.
greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.
Are you one of those who have experienced it?
me: yes
early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.
thanks for reading.
please input criticism or suggestions.
This is nothing really new, a great deal of the people only work at their jobs because of the money they get and not because they are actually interested in what they are doing, unfortunately this leads to a very low performance and those people never really advance much on their careers, however if you are someone that actually likes what you are doing then eventually the money will follow as you will be willing to dedicate way more time than the average person and this will bring an improved performance, from which making more money is inevitable, and something very similar happens in this market to traders and investors. greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.
Are you one of those who have experienced it?
me: yes
early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.
thanks for reading.
please input criticism or suggestions.
As we all are very much familiar with the best quote Greed is a curse and we still knew about that greed with more and more money to make it in less time, but the way investors treat is that they should make it very clear in a first way that selling a little amount and crying after that won't do anything, so mostly holding is a better choice in trading.
Many people who enter the world of crypto trading start with their greed because they see people who have had great success through crypto trading.
greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.
Are you one of those who have experienced it?
me: yes
early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.
thanks for reading.
please input criticism or suggestions.
greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.
Are you one of those who have experienced it?
me: yes
early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.
thanks for reading.
please input criticism or suggestions.
Well, I've never kept in my mind that I can get rich from trading in a day but I've experienced it when I invested in some projects that promise me to give 200% ROI in a month and in the end it was a scam all along. From that day I never invest in such a system that gives me huge ROI rather than searching for a huge ROI its better to steady increase with normal ROI in a year and keep my greed from taking my mind to repeat the same mistake
about trend or swing trades then it couldnt really be possible for you to achieve on thats why common sense is really crucial into these times and dont let yourself get blinded or easily
to believe on because in most every aspect you would really fall out to the pit if you dont make yourself aware on what are things been happening around.
getting liquidated might be associated only with derivative markets and in spot markets, you buy a coin for example and then you move them into your local wallet or keep with exchange and you hold for some time and in between time, if that exchange decides to delist that coin means then you cannot get profits anyhow but probabaly you may recover around 1% of your capital.
I doubt that in spot trading you could get 100% loss that easily. I mean how would that happen? The only possible way would be the coin going to zero and not having any value at all, which is a very very rare thing and not really valid for most coins that we know. Like for example not many coins listed on Binance will be going to zero, hasn't happened as far as I can remember.I am not saying that it is technically impossible, but just unheard of. Obviously if you end up getting some low cap shitcoin with shitty person promotion then you will end up with zero, but it is not going to be available for coins that are high up there in the ranks.
Getting liquidated and then losing all your capital are frequent events for all emotionally unstable traders. In my opinion, such traders are not fit for live trading at first hand as they are still lagging in practice hence they must switch over to demo trading to gain control on emotions and must get practice to risk management procedures. Otherwise, they might need to face multiple bankruptcy situations.
Yeah, there are misconception about the 100% loss in trading like it is happening only in derivative markets but practically even in spot trading, it might happen. So, getting liquidated might be associated only with derivative markets and in spot markets, you buy a coin for example and then you move them into your local wallet or keep with exchange and you hold for some time and in between time, if that exchange decides to delist that coin means then you cannot get profits anyhow but probabaly you may recover around 1% of your capital. This had happened to me with docotoken (MTC token, promoted by McAffe).I bought without any technical analysis but after getting know about its fundamental things and when Stex exchange delisted it, I was literally bankrupted. I did not book profits when I was into profits and I expected more profits due to McAfee's involvement to this; this way, my greediness made me to pay the fees
. 
early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.
Getting liquidated and then losing all your capital are frequent events for all emotionally unstable traders. In my opinion, such traders are not fit for live trading at first hand as they are still lagging in practice hence they must switch over to demo trading to gain control on emotions and must get practice to risk management procedures. Otherwise, they might need to face multiple bankruptcy situations.I never invest in such a system that gives me huge ROI rather than searching for a huge ROI its better to steady increase with normal ROI in a year and keep my greed from taking my mind to repeat the same mistake
Could you please put some more light on what are normal ROI producing system that you still consider. Never trust into anyone's promises. Just invest into bitcoin and enjoy 1000% returns every four years. 
Many people who enter the world of crypto trading start with their greed because they see people who have had great success through crypto trading.
greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.
Are you one of those who have experienced it?
me: yes
early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.
thanks for reading.
please input criticism or suggestions.
greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.
Are you one of those who have experienced it?
me: yes
early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.
thanks for reading.
please input criticism or suggestions.
Well, I've never kept in my mind that I can get rich from trading in a day but I've experienced it when I invested in some projects that promise me to give 200% ROI in a month and in the end it was a scam all along. From that day I never invest in such a system that gives me huge ROI rather than searching for a huge ROI its better to steady increase with normal ROI in a year and keep my greed from taking my mind to repeat the same mistake
there are so many novice traders who are still very difficult to control their emotions so they are not greedy, including myself. In my opinion it is a very difficult thing to control in trading because basically humans always want more than what they have achieved, and of course when they are controlled by greed, many mistakes will occur which will lead to bankruptcy.
I think that what can change that is my own experience, where I have experienced it before I traded full of greed after everything was destroyed I realized and started trading again without greed because I know what will happen again if I trade without being able to control myself for greed.
Well, our own experience will definitely teach us lessons that will motivate us not to do it again. But for those who can't get rid of their emotions and still trade with greed, i think they will only realize the consequence of their action if they will end up trading with huge losses. Yes, its hard to control our own emotions and hard not to be greedy, but if you can't be able to do that, then trading won't definitely work on you even how many years of practice.I think that what can change that is my own experience, where I have experienced it before I traded full of greed after everything was destroyed I realized and started trading again without greed because I know what will happen again if I trade without being able to control myself for greed.
others experiences which is a must i must say because you would really able to avoid things when you are aware but there are people who dont really care at all on making out those simple efforts.
Greed would really be always putting you on big problems because having this kind of behavior will not always that recommended.
there are so many novice traders who are still very difficult to control their emotions so they are not greedy, including myself. In my opinion it is a very difficult thing to control in trading because basically humans always want more than what they have achieved, and of course when they are controlled by greed, many mistakes will occur which will lead to bankruptcy.
I think that what can change that is my own experience, where I have experienced it before I traded full of greed after everything was destroyed I realized and started trading again without greed because I know what will happen again if I trade without being able to control myself for greed.
Well, our own experience will definitely teach us lessons that will motivate us not to do it again. But for those who can't get rid of their emotions and still trade with greed, i think they will only realize the consequence of their action if they will end up trading with huge losses. Yes, its hard to control our own emotions and hard not to be greedy, but if you can't be able to do that, then trading won't definitely work on you even how many years of practice. I think that what can change that is my own experience, where I have experienced it before I traded full of greed after everything was destroyed I realized and started trading again without greed because I know what will happen again if I trade without being able to control myself for greed.
there are so many novice traders who are still very difficult to control their emotions so they are not greedy, including myself. In my opinion it is a very difficult thing to control in trading because basically humans always want more than what they have achieved, and of course when they are controlled by greed, many mistakes will occur which will lead to bankruptcy.
I think that what can change that is my own experience, where I have experienced it before I traded full of greed after everything was destroyed I realized and started trading again without greed because I know what will happen again if I trade without being able to control myself for greed.
I think that what can change that is my own experience, where I have experienced it before I traded full of greed after everything was destroyed I realized and started trading again without greed because I know what will happen again if I trade without being able to control myself for greed.
@OP and for the other newbies in trading. No one forces you to jump into having a good result as you start out. Expect that you'll have your worst days in trading but don't be discouraged by that.
It will help you realize that you're going through the normal process of being good in it. As you learn the process, you learn to avoid being greedy because it's not going to help you out go further from it and at the same time, you're learning that trading isn't easy.
It will help you realize that you're going through the normal process of being good in it. As you learn the process, you learn to avoid being greedy because it's not going to help you out go further from it and at the same time, you're learning that trading isn't easy.
when greed has taken over you then your common sense will become dull, the mind becomes unclear and far from calm.
That is called obsession, it is worse than greed.Quote
Greed should not be eliminated but must be controlled. That's the experience I took from my personal life.
Not bad, you learnt your lesson.Quote
and the unique thing about people who are controlled by greed is "he will only realize when he has lost everything"
Greed for anything should not turn into an obsession is what I understand.Quote
and the lesson is "don't start everything with greed because it will put you in the dark, you will forget your common sense, you will forget your knowledge, and you will forget to be careful. but don't get rid of greed but control it And don't let him control you."
Any emotion for that sense can draw a moral human into a dark place. But it is also important to be reminded that these emotions are a part and parcel of life and they make a human. From what you have said, I hope you are in a better condition than what you have been previously. The nature for taking risks and attempting to make money is hardwired into humans. It may not work out for everyone hence not every risk taker can be a good trader. Not sure about you, but I have enjoyed trading between bulls and bears and I still do, but I dont allow that to be the only reason I am staying awake. That is more of a hobby for me and if I make a profit out of it, good for me.
Not everyone can set up this type of mentality, and it is not their fault either.
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