Bitcoin Forum

One of my friends who is into crypto trading made a remark. He said, "I am gradually learning how to conquer/manage GREED. Once I make small profit while trading, I will immediately close the trade. I am not interested in making $200 with $10."
It is funny but he learned this the hard way. As a trader and even generally in life, the lesson that you refuse to learn from the mistakes of others, you'll finally learn it from your own experience.
My question to you is that, as a trader, what ways from your experience have you learnt to conquer or manage GREED?

Accept loss and do not trade to try to recover losses.
Do not have the mentality of depending on trading for income.
Have a means to make income from reliable sources like from your job.
Try as much a possible to trade with the amount of money that you can afford to lose.
Trade good assets like bitcoin and not altcoins. Trading altcoins is like you are gambling if you do not understanduch about it.

I think I mastered it. It is because I am not following the charts most of the time during the day. I trust my assets and It doesn’t matter what they do in the short term. Unless there is a fundamental change in one of my assets, I don’t change positions so easily. I am not interested in the short term market movements and that makes me calm and clear headed.

People who make many trades in a day get stressed easier and they make lots of mistakes too. These people are in panic. They can’t control their greed and therefore they are the losers in the long run.

They said experience is the best teacher. I believe the guy must have made lots of mistakes in the market because of greed to turning $10 to $100 in a day. Sometimes I just laughed when I see newbies trying to use small amount of money to get huge amounts because of greed. Many traders have not worked on their risk management that's why they keep making consecutive losses in the market.

Some have turned trading into gambling because what they want to keep seeing is profits and they don't want to make bag loses.
Trading should not be focused on making profits because that's one of the ways you could even lost more because your attention had been programmed for the money and you are not ready to make any losses.

There are different perspectives because some people often misunderstand between trading and investing (hodling). Most of the traders prefer small but constant profit instead of waiting for huge profits which only hig risk traders do while trading with meme coins or shit coins. But I would say people who hodl on to coin end up earning more than most of day of traders. But it also depends on strategy as a experienced trader know what to do during bull, bear and sideways and swing market conditions.

One way to conquer to greed is to have a target and trying not to exceed it, there's a limit you shouldn't cross as a responsible trader that's working on minimizing losses. Traders that make 200 dollars or more with 10 dollars are into flip trades, this isn't strategical in any way, it's gambling and it can either go in your direction or it doesn't. Trading and learning how to withdraw your profits after each trade will help you to reduce the losses you incur, instead of staking up and trying to flip continually. Risk management is one of the most important thing you need to practice.

I think the best way to get a handle on greed is to lose some money.  Im not kidding.  When that money vanishes before your eyes, you start second-guessing those "cant miss" opportunities real quick. 

Ive seen folks get overexcited about this stuff.  And the ones who get burned are the people thinking they got some inside track and the rules dont apply and  maybe your buddy should keep blowing small chunks until the lightbulb really goes on.  Or maybe he should find another hobby.

It does not depend much on the strategies but traders that risk low and leave their trades for long time like swing traders do are the ones that make money most in trading which is kind of a little similar to trading. Holding is always better or have the mindset of not selling while losing but make sure you trade good coins like bitcoin and only buy when the market really fall significantly. Also to short while the market has significantly increased and use not more than or not up to 1x margin.

The realization that trading isn’t all about profits but certainly losses as well. If you don’t know how to accept losses while trading, and just keep on chasing to recover your losses or attract bigger profits, you will never be good enough in trading. Traders are those who can control and limit their emotions, even when they are currently experiencing its losing streak. If you tolerate your emotions and create uncontrollable trades, still you will end with even great losses instead.

Frankly this is the hardest way in volatile crypto trading where the increase that triggers to take more profit often becomes an unavoidable trap. Your friend's short story is basically what I did but in a slightly larger ratio. The point is there is a pattern that I apply to meet trading targets in a week or a month must be managed in a personal book for example with a target of 10-15% that is enough. Of course it is not easy because greed is not free from us even reliable traders cannot avoid it. We must slowly be able to learn from past mistakes.

Greed is one of the biggest challenges in trading. I was a victim of it so many times. When you make some good few trades a few times, you become overconfident and start targeting 100% in one trade. Folks, it never ends well  ;D

I also have a couple of friends who learnt trading crypto through me. They would tell me how greed was their biggest obstacle. 4 years down the role, one of my friends is yet to curb his appetite for huge profits, and he keeps blowing up his accounts in the process.

I think it will take a little more time and he will realize that the profit should be fixed at the resistance and support levels, depending on the open order, and not when there is a small profit. And it's not about greed, because if Risk/Reward is not respected, it will eventually lead to a loss of the deposit.

If everyone have the mentality of this your friend I don't that people will quit from trading because of losing in trading, its obvious that one of the things that makes people to lose from trading is as result of greediness, because I know very well that greediness is what makes to experience a lot of loses

Using $10 as op gave an instance to make a profit of $200 in trading is like greediness, some people will making a profit during trading but due to the profit is not that much, they will not cashout and before they could realise the trade became against them. So its good to have a limit of profit in any trading you op, despite the amount use to establish a trader, just try to draw a profit margin, so that you will not lose all due to greediness.

My interest in trading is a bit shady. But i can relate to what you have said. I have friend in school that year that makes $5 everyday in the hostel. He eliminate greed and only target $5 profit so that he can eat, smoke and eat again. This was his daily routine to mass through the difficulty of the four walls of the higher institution but i see it as a talent. The capital he has was only $40 imagine if he has $500 he can be making $40 everyday without greed.

It can also be said that your friend does not dare to take big risks in order to get big profits.
It's great if there is no regret when seeing that the profit he took could have been bigger if he waited a little.
But it is true that daring to take risks with greed is not much different, the important thing is to accept every profit well even though it is small and not regret it.

I would also prefer small but consistent profits compared to big profits but experiencing more losses even though overall it is still a profit because when we experience a loss it is not easy to accept it.

Greed certainly can't be denied that it is hard to manage, and it remains a big challenge for most. How to control it? That lies in our mindset and dedication to control it.

That is why I appreciate those traders who are contented to earn $10 a day. They are just a few of them, but despite the earnings, they will remain proactive about the situation and continue their journey. But those who aim high find themselves miserable as they are not just chasing their losses but mentally stressed.

Anyone who refuses to learn from the mistakes of others will surely learn by force how to follow up on things. That's how life lessons are. You can't be losing on a particular thing regularly without having your mindset changed.

A trader who doesn't know how to control their greed will burn out of trading losses. Your friend understands that, and it might have taken him some time to realize that before opening it to you because not all trader accepts that they are greedy at the early stage of the trading session. They thought that profiting from trading should be a normal thing for every trader should experience to test their level of professionalism in trading, whether they are improving or not. By the time they have understood themselves, they have lost a whole lot from trading, leading them to bankruptcy

You're right, greed is inevitable in the life of an individual especially when that person is can't really understand what life is all about. I wonder how alot of people think that once they start trading they are open to profits and results in no time. At this point the situation of greed is just rampade, and like they say experience is the best teacher if you can't learn from life sure your own experience will teach you better. I witness this actually and from my experience I had to learn patience, I had to understand that trading needs patience and time a whole lot and giving it that time you'll surely get results.

Feel enough of what you get from trading whether if that is profit or lose. You can profit in other days so you don't have to greed especially when you already take profit this day. If you lose this day, you don't have to feel sad but accept your losses and trying again in other days. You must believe that you can make a profit like other people but you must patience to pass your way.

No need to chase bigger profit especially if the market is not in the right condition or hard to analyze. If you force yourself to chase more profit, you may lose your profit before and you need to wait for some time before you can make a profit again.

It need time before you can manage GREED so you must keep trying and not give up. Patience, discipline, self control and other things will help you to control your greed. So you should do your best to stay away from the greed.

If you are someone whose really that learning from others mistake and apply it currently with the current dealing then it is really that a good step and you would really be able to somewhat fasten up your learning phase since you are already wary on what are those probabilities that could really be able to happen along the way on which it will really be better that we do at least having that kind of awareness first but never the less you would really be still be able to experience those loses and mistakes on which we can say that it is really just that part of this career on having the loses. On the moment that it do happens then you do really know on what you should gonna do,but still when we do speak about learning then it would really be a never ending kind of situation on which you would really be able to learn along the way.

Greed is something a normal thing that you will be able to encounter on which we do know that its normal since we arent perfect beings on which mistakes could really be able to happen since we do love money in the first place. It is really just that there are those times or moments that we arent that focusing too much on whats happening and just trying out to make money as much as we can without even thinking about the potential risks on which i could say that this is really that a usual case to happen.

In investment and trading, everyone are greedy, but difference is when they are greedy with their capital for investment or trading.

The advice is "Be greedy when others are fearful, and be fearful when others are greedy." Be greedy is not bad, if you know when to be like this, you will have very high chance of getting profit and very low risk of gaining loss.

If you are greedy at incorrect time, you will have opposite results, higher risk of loss, and lower chance of profit.

With Bitcoin, I'd like to use this chart.
https://www.bitcoinmagazinepro.com/charts/bitcoin-fear-and-greed-index/

There is nothing greater than your own experience in trading the more you learn from your own experience the more your knowledge and skills will increase. The amount of money your friend said he made was due to greed focusing on greed in trading will only make it more risky greed is a feeling that can force you to make unexpected and risky decisions for quick profits. This can be a big danger in trading because when you take risks for extra profits you can push your portfolio or investment towards losses. It is important to control it traders can be more successful if they can control greed.

One can never be sure that he will make a profit by trading, there is risk in it. When you take a trade to earn a profit in a general way, you confirm your trade only when your goal is met. Whenever you follow your plan, you can immediately control yourself properly, and if the market is going up and you have the hope of making more profit, then you can definitely face losses. Because the market is always moving and can move in any direction at any time.

It's the same as your friend. I mean we have the same experience as your friend.
Losing too much money on trading because of my greediness until I learned that I don't need huge margin in order to make profits. I don't need huge leverage to make money. What's important is that you will make more money than you're losing in the long run.

My mistake in the past is I'm too greedy and I can say it in many ways. From overtrading, to having a minimum amount of profit on a daily basis, to going all in on a single trade. I guess those are the signs of being greedy, right? After I realized my mistakes, I already said to myself that I will only use a small margin in every position that I will make, and I don't care about the potential profits as long as I will end up making money. If I win, I win. If I lose, I lose.

I guess the kind of mindset also works because having a correct mindset will help you not being greedy in your trades as well.

Life taught him that every single cent counts.

That's good for him and that kind of mentality will save him from having more losses.

Too deep losses.

That's easy to say when someone has lost money and then didn't learned to manage greed. But I am telling you, that once you're in there, you'll be humbled.

My answer is quite close to what you said here:


Personally, experience has always been the best teacher for things that can't be researched...and I agree with you that if you can't or don't learn from other peoples experiences, then you will from your own.

My problem always was that is it a good idea to close my position and take the current profit or am I making a mistake and shouldn't touch my position? This is the most confusing thing in trading that affects lots of newbies but then I learnt that I can't make the highest profit all the time because I'm not a whale and I don't control, nor influence the market, so I started to be grateful of my profits and decided to never hurry trading. You might earn a small profit today but over time, you'll gain experience and your profits will grow with your capital, patience is the key. Time passes anyway, so it's pointless to hurry and make very dumb mistakes because of greed. Slow and steady wins the race.

There is a fine line between greed and ambition.

But setting up a level beyond which you consider not trading anymore is bankroll management and that is important. Set yourself aside a certain amount every month for trading and a certain cap on the profit/loss that you might incur, be strict about it and you will not be facing a bad situation.

A certain level of greed to fuel the ambition is necessary to take some risks. It should be done carefully.

I learned to manage greed with self discipline and discipline in making trading decisions and I actually think that there's no better way to manage greed if not with discipline. When you come up with a decision while trading and along the process, things goes a bit awkward or forward, always stick with your plans, that's discipline.

In trading, 3 things must happen to you, either your position hit your take profit, your brake even or your stop lose, which ever, always be discipline to stick to your decisions.

There are two different traders on which into those people who are really that being contented on what they do earn on a day and to those who arent been able to have that kind of contentment when it comes to profit making in a single day and this is something that you should really be considering at the time that you do make out such  trading. Everything will really be basing or according into preference on which this is something that you would really be needing to spot out. Greed is always been that inside of us on which it automatically be felt out at the moment or time that you do see up some gains on which its really that important that you do really know on what you are doing. Trading skills isnt that something which is really that not easy to learn but its not impossible and it will really be taking up some time. When you do able to have that good learning and profitable then its good that you do always consider on how to secure profits at the time that you will be able to do so.  Making money and any earning opportunity is something that will really be your main priority at the time that you do make out some trading. You will definitely be having those kind of emotions that you will be able to felt out but once you do have that sufficient experience then you do really know on what you should gonna do.

There is this man am very close to, more like a mentor to me when am talking about trading. He started with me on Forex trading (though we didn't spend much time) before I later diverted to cryptocurrency trading on my own. There was a time he revealed to me about a certain period he was making massive losses from trading as though he was a newbie and that the reason for that was that he was trading constantly everyday because it was his only means of making income at that time and he needed money to settle family demands as a family, so he has to regularly push it even where he is not seeing opportunities.

When I read what you said on having a reliable source of income and not be depending on trading profits, immediately I just remembered that revelation. It's very correct, having another means of reliable income source would save a trader from getting too greedy and also from making unnecessary trades that could compound his losses.

As we know the market is very volatile, wild and fast price movements can trigger emotional reactions from a trader, I see the main factor in this case is self-control, discipline, and a good understanding of the risks of a trader, if someone has made a profit, even though the profit is still minimal, most likely their sense of satisfaction has not been maximally fulfilled, this is what causes them to feel too confident and start taking risks that are much greater than before, hoping to repeat the success. Yes, this kind of greed is what causes them to slowly experience losses again

Yes, we should also have a special small note when we trade, which is successful, which is failed. What we succeed in maintaining and from what fails we can reflect for a moment and learn again where the mistake occurred. With notes like this, you will slowly become more honed in your trading in the future

I like this point you are making. Can you kindly break it down further because I would like to share this with my friend. I think he would be able to see sense in this and make some changes in his think that it is greed rather than having a proper risk management strategy to ensure long-term profitability and not in the interim.

It looks like the confidence that your friend has in his TA skills is not yet strong enough, because a confident trader will actually wait for the market to play out in line with their analysis, their TP. It is not like there are not a few times where the trader takes profit manually before their TP, but it is fewer times than the number of times they let their trade play out.

Your friend needs to work more on his TA skills to improve his confidence in his analysis.

In fact, the biggest way to control greed is to learn from experience, you cannot control your greed in the first place. You will be greedy first, then you will trade greedily, lose, and learn from it. At this time, if a trader can understand that if he trades greedily, he will only face losses, then he will be able to control his greed later. But even at this time, those who do not understand, and start trading more greedily and emotionally, will never be able to control their greed in trading, And they will continue trading like this. and in this way trading is like gambling.
And yes, I learned to control my greed, after facing losses due to greed.

Greed is something that is in every human nature Right from in born, but how we manage it is something that is determined by every humans. Trading is good when you don't apply greed and just trade when you think that you are not being controlled by greed or emotions, because that is where most of us get it wrongly by allowing our emotions have control over us.

What your friend is managing isn't greed but FEAR. Greed is setting unrealistic point of exit or Take Profit with hope of it to get there because you already calculated how much would be made from it. Any trader who has conquered what you described there would not hurriedly close their trade with little profit. They will place their SL at Break Even and then allow the trade run into more profit. That's how to be profitable in trade, you let your profit run deep while you cut your loss short. To hastily cut your profit is fear, not controlling greed.

Take profits when you can because delay is very dangerous, the market can never favor you all the times so it's best to always be happy whenever you get some rewards from your hard work.
Not trading a day is another strategy that keeps you relaxed in your nervous system making you be be ready to move smartly next time and keep you eject backward to reflect on your trading journey.

For a trader to manage greed the trader have to be contented with every little profit that he made, it is very important to control your emotions and overcome the difficulties by facing the fears. Even if you loose in trading don't let your emotions gets to you and don't try to retrieve back the money you lost from your next trading, if not it may cause you more losses that you will not be able to bear. Also trading is not something that you will make more money immediately you started it, it requires patient, hard work, dedication and Contentment.

The best way to manage or control greed still remains staying disciplined. Lots of people have principle that guide them but because they do not have discipline, they eventually go against their principles. When you have a set of principle, and you go against one, staying true to the other principles becomes even more difficult.

This is why you must practice discipline in life first, when you are able to master discipline in life, staying disciplined in trading as a trader becomes easier.

Mindset is the basis for making a decision in trading because it is a foundation and fundamental that is very necessary in trading, by having a good mindset to understand the progress and process to learn.

You should not be surprised what might happen to every trade that starts to grow profits, sometimes someone wants to have more money with less time and because of that thought someone can have greed in his mind because he is obsessed with profits that will be used with many things, that emotion will always accompany you therefore you need to really be able to control yourself in trading.

I myself currently follow the same strategy as you. But in my case, the main reason for this is that I haven't become very professional about technical analysis. That's why I control my greed and stay away from short-term trading.
Even though I don't do short-term trading, I still think that in any trading, we have to think realistically, like we can't expect to make $200 to $400 in one trade, and if we do, we have to remember that we are not here to trade, we are here to gamble.
Moreover, I think that if a trader makes a profit of five to 10% per day on a single trade, that is enough, and in this case, greed should be controlled.

Greed is a bad habit that a trader needs not to consider in trading. The market is very volatile and it's not easy to make so much profit just as you want in trading, since we can't get the kind of profit that we wish for ourselves it is important to appreciate the little profit that has been made in trading  because when one is not been satisfied with the profit derived from trading and you decide to double up it is very possible that you nay likely lose everything.

It is more better when you go with the little profit you have and come again another day to make another profit, this is how trading is. The market is not own by individual that you need to gain what you feel, the market is unpredictable,  therefore,  whatever you make that's the profit for the day.

Just as he said, taking the little profit you have is the best way to manage greed because leaving it for long is greed and it might result to lost.

Sometimes, if you trust yourself as a trader, meaning you know how to do the right analysis and you are very sure of your technical analysis and you get the right entry, you can keep the trade moving but taking profit when you get some reasonable percentage increase is the best than waiting 1000X, waiting for such huge percentage increase is greed and it will surely lead a trader to losing their money both the capital and the little profit they failed to take.

Greed is a must during trading because it is the start of the concept. We trade because we want more than we have, we want what you have as well, we would like to trade and make money. If I buy that means I am buying from one of you, and if I make money, then that means either you lost money, or you lost on profit.

So my profit equals to your loss and that is definition of greed, wanting more than what you have and taking what others have. Trading could still be ethical in the sense that we are all doing it with our consent, nobody forces others to trade. However, saying that you are not greedy is naive at very best case. Of course being "too" greedy could make you end up losing some chances and you shouldn't be doing that, keep it a reasonable level.

Regardless of the amount, as long as we're in profit that's already good. As time goes by, after experiencing huge losses in trading because of greed, I learned to value my profit even it is small. What matter is, I gained.

The mindset of minimizing the loss trade and the knowledge that I learned from my past experiences taught me the proper risk and money management.

Greed is start of many things, triggers us to invest, trade and even bet but if we can not control ourselves exclusively greed, we will lose our control on emotions and actions. Hence bad outcomes are waiting us for sure, no doubt about bad endings with uncontrollable and emotional decisions in anything.

Let's start off in this market by learning about Psychology of market cycles (https://fifthperson.com/psychology-market-cycles/) and see that you will fall into market traps and destroyed by emotion-led actions.

If it's about trading, don't forget to learn and use one of best weapons in trading. (https://bitcointalk.org/index.php?topic=5173189.0) Stop loss order, or better stop limit order, let's learn and use them for your trading. It eliminates emotion to protect your trading capital even when you are sleeping.

A trader can gain his trading experience in many ways. Some can learn by watching others' trading, some can learn from others' losses, and there are many who can learn from their own mistakes. Among all these, I think that those who can learn from their mistakes and apply them in their trading activities are the ones who are able to become a skilled trader. In trading, we are often attracted by greed. And in controlling this greed, one's own wisdom can be considered as a valuable force. I have lost a lot from greed before and after trading, from which I have been able to control my greed by learning from it. I have given up the hope of making big profits from one or two trades, but rather try to use the strategy of how to survive in the market by making small profits from trading.

the experience of missing out on the best selling point there is literally at ATH just to wait for the price to go up a little more so it can satisfy my greed and suddenly price tanked more than 50% is enough to make me not greedy in my next trades ;D.

I'm pretty sure if somebody experiences the same like me they will manage their greed and become more lenient toward their selling target.

anyone who trades long enough will eventually come to understand that being greedy means we'll pay the backlash sooner or later. but there's also disadvantage in managing the greed like what your friend is doing, if he's taking profit too early, he'd be exposed to much higher risk of losing money due to improper Risk-to-Reward ratio.

I have learned to manage greed from my trading losses. I am still in huge losses on the trading platform. I was trading with altcoins a few months ago and I had a profit of around 25 to 40 dollars but I could not control my greed due to which I have been in huge losses in trading till now. Now if I am trading, I sell as soon as I make a small profit while trading. I am not greedy at all at the moment because I know that if I am greedy, I will lose money on the trading platform. So whatever you do, never be too greedy on the trading platform. If you are too greedy, you will definitely lose your capital.

You will always find greed in most investment and trading space,that's to say it's inevitable but how you control it matters a while lot. And one thing that generates greed it's fear of loosing money and another is quest for quick money this are the necessary category where greed will always creep in. So one thing that should be understood is that trading needs patience and time you don't have to start trading now and expect to start collecting the profits it doesn't work that way. So once greed is overcome I think you'll definitely see positivity and growth in your trade.

After experiencing many failures and also seeing trading done by other people, it will certainly make us more careful in deciding something when trading because there are some people who cannot use failure as a lesson not to repeat the same mistakes and in terms of greed it will always make someone fail in trading, therefore it is very important to be able to control yourself and continue to increase your knowledge so that you can trade without being greedy which results in them experiencing losses when trading. When you have been able to receive a small profit in trading, of course you will be able to avoid greed which will always make a trader pass the profits he has earned.

Unfortunately it is easy to defuse this problem, if you think about it. Easy because if you earn so much it means that you have also risked so much, there is no way you risk little and you earn a lot.
Even for bitcoin at the beginning, it was a risk as a project could totally fail.

I completely agree with you, in fact, as a trader, you should always have a tendency to learn, because in trading you can learn something new at every moment, you are now in loss, you learn from this loss, whenever your trading is disrupted for some reason, later take a deeper look at that reason. In fact, everything you learn before trading is only basic knowledge, the most effective learning is obtained from real experience.
So you cannot profit from trading from the beginning, in the beginning a new trader will have to face losses, but he has to learn from that loss, and always maintain stability, and wait patiently for the right opportunity, it is never possible to achieve anything good in a hurry.

To manage greed, what we need is to feel satisfied every time we get a profit from trading even though sometimes the amount is small. Sometimes what makes people give up is never satisfied with the profit they get so they force trading in much larger amounts and eventually lose everything.

The mentality of a greedy trader will usually chase profits rather than making the ideal percentage and they will trade excessively to seek profit, but in the end they continue to be in losses.

A trend reversal usually occurs when the price reaches a resistance level. Therefore, it is necessary to close the position at this level, and not in the middle of the ascending channel. You can read in more detail in the specialized literature on trading, as this cannot be done within the framework of a single message.

Greed is more than satisfaction, and whether we deny it or not, this is common to all of us. We don't know why, but we were born with such a kind of behavior.

It was not that we have to control our greed but rather do it in the right way. Perhaps wanting to become rich is already greed. But it was not wrong. If the opportunity is there, why limit ourselves? It depends on the situation, and so we think carefully before making any decisions, not just in trading.

In trading, all hopes to profit but when the action is taken, unfortunately some mostly experience a loss. Like any other acts, it is important to also set a goal depending on our capacity, so it is fine to try again as long as we haven't reached our limit yet for the day. We are humans that has an emotion. We feel happy when we win but sad when we lose. It is like our way to release the chemicals that builds up, so we must not prevent it.

Not just big profit but even the small one. Yes, it is better to not trade at all because we might only lose if we insist trading on those market conditions you said there.

If it's already severe yeah but if not yet, then it can be managed easily or in a short period of time only.

Greed can be controlled on the time or moment that you do gain up experience on which this is really that something that you do really need up to consider on which this is really that will happen. Trading and greed will really be always be that getting in line because when we do speak about money then this is really that a very common partner on what you do be able to feel out because we are just humans that loves money.

Somehow the level for love of money will really be that different into each person because there are ones who are really that too much greedy and there are ones who are really that have that good control when it comes to money talks or any related aspect on which it will really be that understandable. This is one of the most common thing that you would really be needing up to look out for when you do deal up with this volatile space. When you do trade then you do need up to be versatile as much as you could and its best that you do really know on what you should know at least.

But as we know that it is not easy to manage our greed because greed can show up to us easily even without we realize. That satisfied feeling can brought us to achieve the next thing such as profitting bigger in trading so we will not realize that the time to trade is end. Without having control, we will difficult to control our greed and satisfy feeling so that make us force trading with larger amount and eventually lose everything.

Yes, we must control the mentality of a greedy trader and not chase bigger profit especially when the market is hard to analyze. We should feel enough to profit this day and we can search for other profits in the next days when the market is not difficult to analyze.

For my personal experience Greed it is something that you can't overcome it it's got into you. When I was in beginner level I saw a lot of trading channel and crypto channel that they were making everyday profit of 5 to 10% that got into me that if I can make 10% of profit everyday I can gain of 150% Roi over a month. I also loses in beginner level. But when I came to realise this I tried to avoid leverage trades. What I think is that leverage trade is the main culprit to fall for greed.

I try to always book my profit. Even if I am in loss I also book my losses. You can't be a winner always. Currently I'm able to regulate my greed. But as a human being it's on our nature for being greedy. It's human nature. I just try to regulate it.

Greed has been a big problem of many gamblers but will not still understand what's the reason why they don't keep their profits. They will make profits now and later they will lose all to the market because of unsatisfactory motive to make more money in the market when they should have left the market and exercise patience before trading the next time. We ought to trade with caution because this is one of the reason why many will still make loses even though when they have been making consistent profits from the market.

When do we know it's safe to trade and knowing in full detail that we don't belong to greedy category? We inspect our trades and how we've gone so far all these years. Why associates with been greedy when there's new opportunities everyday in the market? One can be really productive in the market and also handling the tougher decisions in the market. We make plans that will explore our existence in market, so we ought to be careful with whatever decisions and activities engaged. Traders who are greedy, they don't have a successful story in the financial market. They're closer to making big mistakes each day because they're never satisfied, hunger to make more profits.

Don't think we can conquer the market, so we should be grateful for any profit. Because greedy people are usually people who are very confident in what they think, even though the market is not that simple and the market is also difficult to predict.
Setting a limit on the profit we will take must also be done, because then we know when we should exit the trade when we are already profitable and vice versa, we must set a limit to how much we can bear the loss and we must exit the market.

If you do have that kind of confidence on which trying out to take conquer of the market then you would really be definitely be that kind of desperation on which it will really be that resulting into that kind of desperation on which its really that best on the moment that you do deal up with volatile space then its really that recommended that you should be that having proper knowledge and engagement on which it will be that getting inline on what the market is really that behaving. We do know that when it comes to this manner then its really that important that having realization that this do need up that knowledge and having that skills for you to be able to have that kind of good grasps on how this market works. Greed could something that takes over when you arent that good when it comes to control your emotions but if you are already that good then thats a good grasps.

When you are already that making that dealing up with this volatile space then its best to have that good versatiltity about into the different conditions or situations that you do able to encounter. Never ever make yourself that be hard headed on trying out to make things happen on what you do have in mind. Make yourself that versatile as much as you could because market is unpredictable but once you do have that good skills then you can make serious profits on here.

If you are hungry, I believe you use to know that you need to eat food to solve the hunger at the moment, likewise crypto trading, if you trade at the right time from the market, you will earn profit that will satisfy you but if you don't do your analysis well before you trade your coins, it will cause you lose. But if you have the knowledge of trading, it will be hard for you to experience greed from your trading and if you have a particular price in your mind when trading your coins, you will earn what will make you smile at the moment.

I guess those greed traders are some of the traders that have experienced loses many times from trade, But looking for how to recover those losses at once, which they will like to take risk that will not going to profit them at the end.

It is not about booking losses or profits but it is about following your technical and not your emotions. You are mentioning about booking losses but I feel like every trader should exit at stop loss level regardless of what your inner thought pushes. If you follow your emotions at such occasions then you will lose more compared to your chances of exiting at profits. Trading is all about executing your plans. If you breach your plans out of your emotions, then you will fail more frequently.

I understand that you mean to say, traders are becoming greedy due to previous losses and for the reason of recovering only, they take more risk? I agree but for taking more risks, there could be multiple reasons where being greedy must be one of them and not just being a loser in previous trades.

There is clearly no difference between traders who rely on trading as a source of survival and gamblers who rely on gambling as their source of survival. Both are usually very greedy. Unfortunately, they tend to lose more than they gain.

At least if a trader has other sources of income, it will be easier for them to be strategic with their trading skills without being too greedy or chasing losses.

Anyone who has successfully mastered the art of taking available profits without unnecessarily aiming for something far out of reach is indeed a disciplined trader.

Basically we must know that greed is a bad trait that we have not only in trading but in any case we must be able to avoid greed. So the mindset must be changed first before applying discipline. Because trading is difficult because of the inability to control greed and most traders ignore this, until it is too late and makes them lose. So before doing trading activities you must change your mindset that trading is not a place to get rich quick and can apply discipline.

Many people feel the ups and downs in trading, even though they actually know that trading is easy, the problem is they keep looking for techniques or ways that can generate profits quickly and a lot but with low risk, as a result everything is in vain and all that does not exist in the world of trading.

I also agree with you, we must practice discipline in life first and must make it a style in life in order to get a trading system that suits our style. because believe me, even though we use the techniques used by traders who have been successful before, it may not work for us.
because this concerns character and personality. If these characteristics are in sync, it will be easier for us to follow the rules of our trading system, be more patient, more disciplined and of course we will feel calm, safe and comfortable in carrying out trading.

That's not true, it's all about how you manage your risks because I know a lot of people who do futures and leverage trading, and they are doing pretty good for themselves, they even help others with it too but as I said, it's all about how you manage your risks because if someone understands the market pretty well, they might be able to get profit by using large leverage, but if you are not that much experienced, you shouldn't experiment with large leverages or you will lose your money.

Greed is when you get into trading without learning anything and start making trades with leverages such as 75x or 100x, etc., only with the hope that you might get large profits this way but you ignore the fact that you are taking a lot of risks with that and you can instead lose your money.

If you don't get greedy, futures trading wouldn't make you lose money, so the culprit is your greed and not futures trading or anything else.

That is what most of the traders don’t know, and they don’t want to seek to know about it, and knowing about what will prevent a person from losing much of his money in trades is very important, especially for beginners who are just introducing themselves into the trades newly; those that make $200 or more and then with just $10 are those that have already been in trading for a long period of time.

There are so many things that anyone who is interested in trading needs to get practice with because they won’t jumping into the trading, like the one you mentioned earlier, the risk management is very important when it comes to trades, and the knowledge is involved; in fact, the knowledge is the best key to success in trading.

Not everyone will accept that they’re greedy while trading but they are actually. Greedy people make a bad trader and that instinct is found in every trader until you fight it out and make yourself a better trader. Experience they said is the best teacher but if you keep learning and not take actions on them, a time will come when it’ll teach you the lessons in its own way and form.

One way I do fight my greed is to deposit only what I’m willing to risk at a trade and also stick to my take profits and stop loss zones. When the market goes on my side, I’ll take the little profits and plan for another trade at another time with a better risk to reward ratio or risk more to what I can lose. Trading plan is important and sticking to it is the best for all traders to avoid taken more risk than they can contain.

Of course - especially for those who accept high risk for high returns. I admit that - but greed is still greed and in the end it will only hurt the trader himself.

To profit from trading - you don't have to trade every day, but you have to find the right time to trade and profit from it. Trading every day will only increase stress - the market is not always favorable, sometimes it is unfavorable. But I like your approach - trade with the amount you can afford to lose.

Losses in trading are common, so never run around trying to recover lost money. Let go of the money that is once gone and start planning for new trades. Another special advice is to always keep yourself free from temptation. That is, one day you are having a good day in trading and you have made a profit, so do not trade with the hope of more profit, that is, determine the amount of your profit and take a break when you get the expected profit. Even do not expect more profit with less money, because you cannot get rich quickly from trading.

I’ve come to realize that there is no place for greed in trading, but patience and wide understanding on the market. Do not trade in the fulfillment of your greed for money, but trade because you know there are potentials within you that you want to develop and make a reputable trader.

While trading is open for everyone, but let’s accept that not all of us who desire to trade will be good in this craft. If you can’t trade, then hold. Profits are still massive. Just don’t limit oneself into trading because there’s actually a lot of crypto opportunities offered here in the market that are still capable to provide us profits.

There are different types of trading, I'm sure your friend is talking about day trading, where it is very important to take a quick profit, but if I mainly trade medium or long term, then I aim for a big profit, which is measured much higher than x2. And this approach for me personally, in the long term brings much better results and I spend less time on it than if I traded every day. When you make a lot of trades, you will have an increasing number of losing trades, and given that he takes a small profit, it can be lost in the next trades very quickly.

People should at least know on what you are dealing on with on which it is really that important to be wary and just like been said that there are indeed different types of trading and diffferent level of risks basing up into the kind of method or dealing you are into. If you are a scalper or day trader then it is really that needing up that good knowledge and skills towards trading because you would really be needing this because you can't be able to survive this market if you aren't that self prepared or knowledgeable on dealing up with crypto space.

Trading and greed is common because we do know that having loses will really give out that kind reaction on which this will really be giving out that emotional impact on which If you aren't that able to get in line on your earlier analysis on which this will be resulting into tons of mistakes and errors.

Well it is similar to gambling. Once any trader start chasing profits they start making some mistakes because they will end losing to the trade if they are not careful. Trading should be done with ease, and in a more comfortable environment. Chasing loss is like trading under pressure which may lead to taking unwanted risk and indecisive decisions.

When you trade, you should accept anything that may happen to you whether if that is lose or profit. If you lose, you don't have to recover your losses and remind that you will have many times to trade and make a profit. Your losses this day will return in other days especially when your analysis can find the right coin.

You need to prevent the temptation to chase more profit because that will not always happen as the market can move to the other direction. You must remember that you can trade anytime but most important is you must analyze the market before you trade.

It will be much more dangerous when someone plans to pursue much bigger profits in trading using minimal knowledge and usually such traders do not use risk management in trading. Having a small amount of capital and then thinking that you can double it quickly in trading is a wrong practice because even people who have a lot of capital will make adjustments to the profits they want to achieve in trading.

There are many people who experience losses in trading caused by greed and it almost mostly happens to small traders. If you are unable to control your emotions and do not have management to minimize risk, then trading is not the best way for them to make money.

Trading is risky and loss is for everyone, every trader either big or small trader. If they can not manage their capital, trading positions well, they will have losses in the market. Big capital, big loss while small capital small loss.

To manage capital and risk, they can use Stop loss order, that is called as one of best weapons in trading. (https://bitcointalk.org/index.php?topic=5173189.0) If a trader does not use any weapon, tool to defend trading capital, it's a bad trader.

Greedy or not, if you don't use stop loss order, your trading capital can vanish quicky in a bad day.

In fact, due to excessive greed, some people face losses by trading. Trading is risky so don't be overly greedy and control your emotions. I don't like trading though, I traded $100 a few days ago and the price went up to $140 and I was $40 in profit but here is my mistake not selling at $140. I am currently at a great loss due to excessive greed. Don't like trading though. But if I ever trade, if I trade with $100 dollars, I will sell only if I get $5 profit.

People are very bad thing. If people cannot manage properly, disasters can occur. It’s very good to mention people in your friend’s trading. Managing properly is an important skill that can’t do much and those who can learn through very experience often through difficult paths. Each trader who succeeds set a specific profit goal for their trends. It can be a part of profit or a certain team and a quantity. He who wants to be his. Someone is willing to profile more money with less money and someone enters the trading platform with a desire to make limited profits with more money. It is very important to control emotions in trading. And people should always be in control of trading. Successful traders almost reflect their emotion tick triggers and try to strengthen their emotions to control. They understand that the market is uncertain and it’s much better to take on smaller continuity gains than a single big move

Losing as a trader is a normal thing because you can lose little and win huge and that's if you know what you are doing and know how to trade very well. Many people had back down in trading because they are not making money from it.
Every trader need to have a strategy and risk management they are using so they don't end up making mistakes or trading recklessly.
Money will be made as a trader if you learn the art of trading very well and know some signals that could earn you some profits.

This is why there's a thing called "Trailing Stop Loss" so that if things will not go your way anymore, at least you secured some profits through adjusting your stop loss. It's a powerful tool of securing profits although the cons about it is that there's a possibility that the trailing stop loss that you put will get tapped and after that, it will go up again. It's frustrating that instead of having a 100% profit, you will only have 40% because it tapped your trailing stop loss.

Being greedy in trading when you're just starting is pretty much normal. At the end of the day, we all learn from our experiences, right? What's important after that happened is that you made some adjustments, and you will not do it again. Getting 5$ from a 100$ margin is huge already. I mean 5% in a single trade is already good for me, but for some experts, it's too low though. What's important is that you will end the day with a profit. :)

That is why it is not easy to manage emotions when involved in trading because someone who does not have experience will tend to follow their heart rather than strategy so that in certain conditions the trades they make can end badly losing all capital. Traders must have their own views on managing emotions, but without experience and knowledge managing emotions is much more difficult.

It is important to manage emotions in trading because that way someone can be more careful when involved in trading and stop loss can be used as a tool to control so as not to lose a lot of capital in the trades made.

Some traders do not remember this part tht they will make profit sometimes and lose everything they have made if they are unlucky in some days I think they should have this information at the back of their minds so they can be prepared before they start learning how to trade. For a trader with a good knowledge you are sure of escaping losses if the right strategies is used by you and if you have good signals you will be making profit more thwn you expect but if you experience losses you either stop trading for the day to avoid chasing your losses and losing more or stop trading and study your signals again before you begin.

yeah i completely understand what you mean, greed can be a major obstacle to trading success, for me it's about having clear goals and sticking to my stop-losses, but also being realistic about my abilities and the market, i've also learned to take breaks when i'm on a hot streak and not to over-leverage my positions, it's funny how we always think we can beat the odds until we get burned, it's a tough lesson to learn but a valuable one

That's one great method to manage greed because by making a much smaller percentage of profit from a trade it becomes much easier to control the trade.
Greed occurs because people want much bigger profits so they chase profits in conditions that are much harder to control.
If you fail to manage greed then we will be crushed by speculative market movements so that this method can cause losses.

In addition, we can create several methods regarding involvement in trading, for example, only trading when conditions are much more favorable, where we see the best moment to enter the market to trade.

Trading from a percentage of profit which will be effective for controlling greed, again you have to think that your demand is unlimited and within that your tolerance with the market situation. In my opinion you should initially make a decent portfolio from within the buying range so hold for a longer period even if it is longer. Selling during high market conditions and getting short-term trading profit with a percentage of profit. Buying more in the bearish period of the market allows us to chase after profits. The best moment for traders to enter the market is bearish, which many may be confused about determining the right time. I think that without determining the duration of the bearish gradually increase the amount of accumulation and maintain the long term in the market and sell during the upward trend.

Greed and trading are closely connected because trading involves taking decisions that'll likely lead to losses or gains.
Traders are making a hard decision and the fear of coming across different risks regularly gets them caught up in emotions of greed and even fear.
Understanding trading is a long term game and managing emotions like greed needs to be redirected.All traders are expected to perform and combine strategies for mitigating the impact of greed because having greed in the picture is means a risks too.

When someone has lost what they have earned from the trade they have made, of course they are very greedy in hoping for big profits but not based on the knowledge they have and if only they had good knowledge, of course they would first analyze the market, whether it is good to survive or take the profit they have made.

There is nothing wrong with relying on trading signals, but I think it would be better for us to still have a comparison with the knowledge that we have mastered and not rely entirely on trading signals which will be very disappointing when experiencing failure in the trade and choosing to stop after experiencing failure is certainly very important and we also have to examine the failure and relearn so as not to repeat the same mistakes when returning to trading.

Greed is not a reason for a trader's failure, but when it talks about too much greed and uncontrolled emotions, it is a different story, and therefore, it also has different outcomes. Because I will tell you that all of us are born with greed. As long as we manage it well, it never creates disaster, but too much greed would lead us to nowhere and a lot of failures.

Accepting small gains is not a shameful thing to do but a smart decision. It is just like taking the market for what it can only give us rather than pursuing big, which also carries high risks and the odds are low.

Although your friend may be right about controlling Greed, his application of that towards trading might be a mistake. Ask for your friend to keep trading that way for a large sample size - perhaps threes years and find out how truly effective and profitable that would be.

How many times have plebs like us "control Greed" by taking profit too early, then hold on through losing trades too long?

Greed is a very bad habit to be angry about because when you look at it, you see how risky the position that greed will put you in is, so you have to just decide on exactly what you want to do. Most times, people are always confused on the step to take when their greedy nature starts showing it, and this is more reasons why there is enough reasons to control your self because people want to make money and we all want to make money but when you look at it there is more reasons to control your self than just allowing your emotions to take control of your self

Trading comes with a new set of habits, so you will need to take serious control, and this is part of the reason why before you start anything, you should draw a line you don't want to cross because because the moment you start crossing that line, then you will be open to danger. You wanted the price to go above 140, and there are a lot of chances that will give you more profit, but you should learn not to discipline your self

Like as I have already said, where ever there is finance we should expect greed to play in between as lot of people are naturally greedy when it comes of finance, trading and greed works cohesively and it's very hard to leave from a trader because they wouldn't know when it's starts showing up in them.
The thing is they should learn to make every single dollar worthwhile, for instance when trading and you made a 1$ it's better than trading and emptied your account at cost of having to make 10$ in a single trade.

Not a few people experience losses due to greed, but almost all traders who have greed will be destroyed when trading. Because greed is a trait that is never satisfied with what it gets and will definitely pursue greater profits until finally realizing when experiencing losses.
In reality, the majority of traders experience more failures due to trading psychology factors compared to lack of skills. Traders are not disciplined because they cannot control their emotions, especially greed and fear. Because price movements are always driven by greed and fear. Therefore, understanding and controlling both emotions is the key to success in trading.

It is better to be like you, learn from mistakes after making mistakes, evaluate the strategy again so that this can control emotions and greed. However, if you don't like trading as you say, you better invest for the long term, that would be better. However, invest in coins that have good fundamentals for the future.

That's part of the point I made in my post. Because OP's friend didn't want to be "Greedy", he is trading like he wants to be "Fearful", which is also a mistake. I believe that a path to remove these emotions, an investor/trader must either HODL or follow a systematic trading strategy - Both of them will help remove emotions from your investments/trades.

Because I advice everyone to HODL, you should HODL the best asset in an asset class. In cryptocurrencies, it's Bitcoin.

I agree with you but anyone who are still doubtful about what to choose, I believe that this article the graphic on asset ROIs can help them making their choices more easily and better.

Bitcoin returns vs major assset classes. (https://www.visualcapitalist.com/bitcoin-returns-vs-major-asset-classes/)
With comparisons of Bitcoin against other asset classes, Bitcoin is best in most of years, and in cryptocurrency asset class, Bitcoin is truly and undoubtly the best one.

You're not a trader hence you shouldn't be trading before you'll lose more money. For traders, they already know when to take profits and not to allow the profits that you already made to get lost because of you didn't make the right decisions to take profits. A traders is always after the profits and when the opportunity to take profit present itself, it's better to secure that profit than to keep hoping on future profits that is uncertain. Before you start trading, you should have already known the price that you're going to take profit but if the market continues to show positive signs of increasing more than you expected, you can secure your capital out of the market and keep the rest for more profits and as the market keeps on increasing, you're supposed to be taking more profits gradually until your exit the market completely.

Once they experience a huge profit gains that's the time they will take it the risk until where they could bring this risk, so they keep holding their position now after the market makes a huge changes still there are on a phase of denial which reason to hold their position heading to make more negative result instead. If you want to at leat manage the risk and conquer the greed you must need to have at least a self control stick on your trading strategy such as the trading habit, the leverage, the risk capital, the net gains  and loses per trade so you don't get over trades and commit revenge trades.

Greed is one of the reasons why many people keep losing funds in trading and this won't stop any time soon.
Even though you have the interest to make money from trading, it does not mean that you will want to make that money at once. Some traders will keep leveraging more than they ought to leverage and when they start losing, complains will follow as if such trader is new to trading. Crypto trading needs a lot of understanding and it's not something you will have to put money and expect to make profits the next minute.

Greed is the main reason on why you do make yourself having that kind of desperation in towards into your gambling activity, because on the moment or time that you do make yourself dealing up with trading on which greed will really be the main reason on why you do make yourself that pushing up into your limits specially if we do speak about having that potential when it comes to making money. Also, there are other problems as well on which this will really be that pertaining about cant be able to stop and chasing up your losing trades. Same goes on seeing someone do make out that huge amount of profits on which it will really be resulting that fomo or would really be that resulting into that kind of positivity towards trading profits. Actually its possible but there are those times or moments that you do become that too positive because you've been believing that it was really jut that being that too easy.

Sometimes when we make a profit, we think that we are already at a very good stage in trading, so we may ignore something that we previously realized was something that we should pay attention to, so that it ultimately becomes an obstacle for ourselves. Everyone says that we must be able to have good management with our trading so that it does not become excessive trading. But what is difficult is to do it well, because sometimes we are the ones who ruin our own plans.

My way of conquering greed is by controlling emotions and anti-fantasy, usually people who always lose when trading are those who are influenced by their fantasies, they hope to win all the time when in reality it is the opposite, they actually lose because they place bets instead of trading.

Besides, if you think you will immediately exit when you make a big profit, you have made a big mistake. Successful traders are traders who make a profit from a percentage of the trading results they get, not the explosion of profits they get in a single trade.

If they don't like Bitcoin because "reasons", then if they want to HODL a stock then it should be one of the best in that asset class, probably Apple AAPL? Or Strategy MSTR? 8)

If they want to HODL commodities, then it's definitely Gold, NOT silver.

Plus I'm talking about a HODLing investment strategy, not "trading" because I could already hear people say other commodities if done with leverage would outperform Gold.

Probably your friend has learnt the hard way, it's either he had done futures before and he was liquidated or he had bought a highly volatility coin and loss a lot of money and the fear of repeating it has hitted him hardly and that's why he says he doesn't want big profit. I mean who doesn't really want $200 or even bigger profits from trading, everyone likes profits and want to prints good amount of money until they make some loss, that's when the configuration changes and don't want to be greedy again.

I can't define greed from your friend narrative of quiting greed but if I'm making a trade with $100 and I made $10 from a trade a day, I will gladly adjust my stop loss to the 10%, if the trade continues to go up I will follow the trade and continue to adjust my stop loss until I'm stop out. It's better to have that on stop-loss than expect to hit 100% because the coin is running. Regardless of the amount you are using to trade I think trading profit of 10% is good trade and can be close if you feel like.

I couldn't make a living from trading alone, not because of greed or losing control in my case but because it's more complicated than what I thought. In fact, sometimes greed can make you more money than trading in a safe way, simply because it may cut your profits.

Crypto trading can be profitable but not for long if you can’t stick to your strategy. For example, if you open a buy order and take half the profit early, while ignoring your strategy because you are not greedy enough, you might feel safe. However, then on your next trade, you could lose all that profit. If you had been greedier and followed through on the first trade, you might have still ended up in profit even after a losing second trade. 

I believe trading is much more complex than just controlling greed. What truly matters is developing a strategy that works in the long run for you without any emotional distress.

What you are saying is right but I wanna add somethings to it, Emotional control is the biggest part of it,  How can we control them? We can't control them only thing can we do is manage, we can manage them by put in place some strategies like after a loss go for walk for 5 min, like Managing ourselves is the best strategy, Changing lifestyle to healthy lifestyle, Eating foods that are nature created not human Manipulated, all that reflects in our trading account.

Sometimes Greed is less heavy then void to do something, to fill that void. We think we have to do something, by thinking that way we place positions that we should not have placed, that's the worst time to take any position, This is the start of big blow up if we continue placing trades without thinking Straight we will blow our account pretty soon.

And at this stage, there is a point where you will get humbled no matter how good you think you are people are making enough mistakes because they will always want to console there self that they are good and when you are humble it is easier to learn more and because when you have pride the same time you will be greedy and this is enough for you to have seen videos of how people have been losing their money.

just because they don't know when to stop when you know exactly when to stop then they start losing morning and this is why they say to much of everything is bad when you do small then you should learn to leave things for another day but know we want to make all eh money in one day and that is what is killing a lot of traders you do not have to trade every day we understand how hard it is but reducing the time you put in it matters a lot. just do little and rest.

In trading if you know risk management, I don't think that you will have issues with trading, and secondly you have to trade with what you can afford to lose, another thing that's more important in trading is that don't be too greedy in trading, but the down fall of many traders today started on what they think that will be benchmark of their profits

So if we remove greediness in trading I believed that many traders will be at the positive side of trading, so people use small amounts of capital to enter into trading but they expected a triple profit from small amount they use to establish trading, if you know as a trader that you will be more inquisitive of making profits with little amount in trading, I believe that its better for the person to purchase bitcoin and hold for long-term.

The period can indeed provide opportunities for traders to make a profit, but if the concept of daily trading that is carried out may be a little more difficult because market conditions are quite speculative.
I almost fully apply this strategy in running trades and usually will make a percentage of the targeted profit, for example the profit is proportional to the capital we spend.
In some involvement in bitcoin trading I usually make adjustments where the big target is a long-term step and for a smaller percentage will take advantage of short-term conditions to generate profits so that when the conditions are bearish we can enter the market to buy.

Any strategy we use must have risk management so that trading does not provide losses that can affect the portfolio to be smaller.

Trading or even with gambling on which as long you do really know about risks management then this will really be that saving up yourself into potential trouble. This is why its really that important that you do really know at least into the things on which you should gonna do. We do know that when it comes risks management then this is something which is really that needing up for you to look or watch out. There's no way that you can make yourself that you will be that become careless because we are talking about losing up money on here. There are really just that certain situations on which it will really be that resulting into bad outcomes or results due to emotions on which this do really affects out your decision making into this aspect. This is why its really that important that you should really be wary into the emotions that you've been that dealing into with on which control of emotions and moderation or risks is recommended. Greed is very common because we do know that on the moment that it do hapens then it is really that very hard to control and if you arent that good with that then you will be basically be facing up some issues.

Because we are MERE PLEBS who do not have the right amount of capital, knowledge, skills, and the sophistication to actually make "trading" an actual "living".

Plebs, such as YOU and ME, should find a REAL JOB.


 ::)

You already said that it was complicated, BUT you're posting as if that's a "SIMPLE" solution.

The actual solution is truly simple. FIND A REAL JOB, and/or a SECOND JOB, then SAVE your salary in Bitcoin.

HODL.

But we can not remove greediness from trading because trading is all about money and when it comes to money, people are always greedy about it. We have more traders that are greedy already or going to become greedy when they start making money from trading than those that would be capable of saying, they are comfortable with any little profits that they make and they would not be greedy. Trading has emotions all about it and it is because of this that some traders can not be capable of controlling their emotions and it is this emotion that makes them to become fearful when they are supposed to have courage and also make them to become greedy when they should have left their trade with the small profits that is already guaranteed.

To be up and running in the space, we do couple of things to put ourselves infront more like applying basic principle. Traders are ready to execute their trades in the market but when it comes to profits, alot have happened and we can't be smiling like everything is normal due to our losses. When we execute trades, we have different objectives and our mindset also differs. Do you know what is making us liquidate our accounts in trading? Greed is one of them and this hurdle serve a major cause in our losses. I've been in that shoes once and that is absolutely not a good thing to experience.

Your friend found a point where he was satisfied with what he got. Maybe his trading experience so far, about how many times he missed the opportunity to take profit made him think that if he could close the trade when he felt satisfied, then he could get consistent profit. So he realized that if he could control his greed then it could give him a good profit.

And I feel that the average trader experiences the same thing when it comes to controlling their greed. they learn from their experience that they can actually get a decent profit if they can control their greed and not trade beyond what they can afford.

Mistakes/Errors do make out that learnings and these learnings could really be gained through engagement and this will be giving out that kind of awareness on which its really that impossible that you cant be able to notice it out after how many times you've been able to meet up and experience on the same scenario on which it will be that common sense that you would really be needing up to adjust. If you wont be accepting these mistakes and wont really be making up such adjustments then you would really be that not progressing when it comes to skill enhancement or simply with your trading knowledge. It will really be always that necessary for you to be able to be profitable. Greed is something which do really comes out whenever we do hit our specific target or goal amount and those feelings do come out usually at the end.

If you cant be able to control it out then this do signifies that you do have that unstable emotional control on which this will really be that so crucial when dealing up with this volatile market because if you cant be able to assess yourself when it comes to this then you will be having that needing up that versatility on when it comes to adjustment on how to deal up with this space on which it wont really be that so easy. If you are really that not sensible into this manner then it will really be giving out that kind of disaster into your trading career.

For anything pertaining money there would always be greed especially in the aspects of business, trading, investment and the rest of them and how to overcome that greed matters alot cause it's something that cannot be taken away in a jiffy. Meanwhile greed can be conquered in so many ways but how I manage to get pass that is knowing that I'm eligible and open to accepting my mistakes and learning from them. I do feel  that I want it all to myself whereas I'm to bear in mind that everything is in stages but as time goes on I had to understand that life don't give you what you expect so you grab what you see and that's how I conquered my greed.

Making 200 dollars with 10 dollars is actually called flipping, this isn't really done strategically...most traders so this with an amount of money that they can afford to lose knowing that they can blow up that account at any time..a friend of mine flipped 50 dollars to 10k Dollars, he ended losing everything because he forgot to close trade after hitting that amount..he was ready to lose that money so it wasn't necessarily greed, he just wanted to push his luck..Greed is when you trade with strategy, precision and working with a target then you get distracted or try to go beyond your target for the day, you must learn to be disciplined.

Trading while be left to the trades that knows how to make money from the market without being too greedy.
Many newbies are not still aware of the strategies that would enable them to keep making money from the market. The newbies are the ones  that are always faced with the decision on either choosing to be greedy or stay away from it. This is where we are always knowing those traders that will become successful in the market. Greed has nothing to offer to any traders because you will surely lose all those profits you have been accounting in the market.

Yes, of course, you can also do a little muscle stretching - exercise - yoga or just take a leisurely walk outside, it has been proven to reduce stress levels when we make mistakes in trading, however a healthy body and mind will definitely produce the right decisions.

making wrong decisions while trading should be used as an experience and every mistake that occurs must be recorded so that when the position is repeated we can remember that the previous one was a mistake so that we can save our account from a bad history.

Beginners will be able to learn from the experience they get from the trades they make. If they are still greedy at this time then they can not do it in the next trade.
Trading can be learned, only those who can adapt to the experience gained can feel the benefits of trading. But for those who are trapped in the same mistake for a long time or do not even know their mistake, it is better not to trade. What is done will only make a bigger loss.

To conquer greed in trading, of course, emotional management is needed, which involves discipline, patience, and self-control. This is what I do. Because every trader needs to maintain objectivity in trading, by knowing themselves well so that traders can realistically manage greed in trading. We know when to stop and when to continue.

And being able to evaluate after trading is important, for example the use of decisions and management of this position size will help avoid unnecessary risks. By focusing on a long-term approach, I can reduce the pressure of greed from price fluctuations. In managing greed, everyone is different, but certainly, good greed management is the key to making rational and consistent trading decisions, this will avoid the negative impact of emotions on trading results.

As long as the beginners want to learn, they will improve their knowledge. They can learn from the experience and they also can get lesson from other sources (books, articles, videos). There are many ways to improve knowledge and mentality of the beginners. But one thing that they must have, they must have the intention to improve their capability.

Indeed, trading is something tradable. It is not like a gambling that has no way to learn the chance of winning the prizes. In trading, we can improve the chance to get profits if we have sufficient knowledge. Many beginners who get losses, it is because they have lack of knowledge and experience. The beginners must focus to have these first before they start to trading with good amount of money.

Some people thinks the more money they put in trading they stand the chance of making profit, trading yo gain profit is not about the capital you have in trading but the understanding you have got in trading. What makes traders to yield good profit in trading is not about the money they have put in trading but what matters is the understanding you have and if your understanding is not good enough their is nothing you can do to get the kind of profit you need.

It will be better if trader can focus more in having understanding,  this will bring a good result from the capital, though trading outcome are unpredicted but understanding is the main thing every trader can depend on.

Just like when they do gambling on which they do really that believe that they can be able to make bigger money as their capital is really that bigger on which this is really that a very wrong perception or mentality towards trading and this is why its really that better that you should really be that realizing at least that when it comes to the risks involved with trading. Trading could become gambling at the time or moment that you wont really be able to apply some analysis. This is why its really that important that you do really know on what you are dealing with so that you can be able to prepare and adjust accordingly on what are the things that you must do for you to deal up such thing. Trading and greed could really be that possible because we are talking money on here on which simply means that whenever we do have that loses then you do really that become impulsive and thats very common for most traders. On the moment that they have such lose then they would really be trying out to recover those loses or will really be that trying to chase up.Therefore, on the moment that would really be having such action then it will neither be incur even more loses or you will be able to make some recovery on which this will really be that situational. Greed is always been part of a human being because at the time that you will really be having that kind of situation on which in speaking about money then you will really be that having that kind of chances about a mind boggling decisions with mixed up with some emotions whether you would be that pursuing your current loses to breakeven or you will really be calling it a day? It all matters about risks tolerance into this aspect.

And there is no way that you can not trade without being greedy at times because you will be pushed multiple times Emotion management is very important, and there are times when emotional control will not work. And even with objectivity, you will want to explore because we know how money is you might just be inspired to want to do more because that is exactly what we love to do we want to always see if we can make more money.


And there are a lot of principles that, if we follow, will help us be a better trader but there is no trader that would say they have not overdo things and when you get to some point, you will just have to learn to know when to give trading a rest because even if you trade from morning till night, it does not guarantee that you will be successful so there are the reasons why you have to leave street trading and play by the book most times

Trading with greed is a bad combination, maybe even bad, because it allows him to lose more money whether he succeeds in making a profit or fails to make a profit.

Trading is not just about placing and waiting, but it requires good knowledge to be able to make a profit, unfortunately there are quite a lot of people who trade just because of fomo, not with good knowledge.

This shows that you are really experienced in trading and have mastered ways of conquering greed in crypto trading, I totally agree with your strategies. Greed makes you to use significant amounts that you cannot afford to loose in placing your trade because you want to have huge profits, if it doesn't happen that is when you will start to chase loses and it will get worse. Depending on trading as a major source of income can also activate greed because you will always be desperate to win. If a trader can control his emotions and avoid greed they can reduce their chances of losing. Trading is not for everybody, it is better to invest if you don't have what it takes to be a trader.

Sometimes, it's better to pull off or fix the profit that is already here.

Nothing wrong with that, and it's great to see yourself controlling your desires.

There's no such thing about contentment on which at the time or moment that you do make money then the primary thing that comes up into your mind is on how to make money more. Therefore, its not shocking thing that you would really be having this kind of approach whenever you are on the positive side of the trade. On the moment that you have lost all of those winnings then this is where you would be feeling out that regret. You would be making having those impressions that on the moment or time that you do able to realize that it was never been that right nor considerable on taking up such act or approach then you would be able to make out some adjustment.

Greed is always been accompanied with anything that involves money on which you would really be that thinking on how you would be able to maximize profitability and would be able to sustain yourself on doing up things accordingly. This is why its really that important that you should really that know on what you should gonna do so you will really be that not making yourself that being too desperate.

Knowledge in gambling also plays a very big role, and futures in trading can easily be equated to gambling (a game of chance), so there are many similarities in this sense. Greed in terms of money I consider a good trait, because you will always care about losing as little as possible. Greed is bad if you start projecting it towards yourself, when you feel sorry for yourself for what you need, but if it concerns the safety of your money, then I think it is not bad.

Don't you think it would still be not gambling if done according to the facts and such?

Sure, they have similiarities, but in perspective - in gambling, we can't control the factors, and see them, how they change and such, whereas in trading - we have such a chance.

Before saying that gambling and trading have similarities in terms of profit, we must first see how someone trades, whether the person trades without knowledge and is only looking for luck by going long or short, or they have reasons based on knowledge when they go long or short. If they enter based on looking for luck, then I agree that it is the same as gambling, but if they do it with reasons and basic knowledge of the analysis they do, then I do not agree that gambling is the same as trading. because in gambling everything depends on luck. Every round we do cannot be analyzed what will come out.

We all agree that trading is to gain profit, not just to be stylish, therefore the main goal is to seek profit, but profit here can be based on how we do it, now if we are easily carried away by emotions with greed, for example, one of them is loss, which is something that is certain to happen and cannot be avoided. Therefore, when you have succeeded in gaining profit, it is good to take it, besides it is not strange that many people are greedy with money problems because they will feel dissatisfied with what they have got. But for people who have good knowledge in this matter, they know when they will advance and rest to take a step forward again.

It’s just better to be satisfied with the little which we are having sometimes, if you are already in profit even if it’s small, and you notice that the trade might not continue to go your way, then just take your profit, and leave the market. Don’t be greedy hoping things will go right, trading with $10, and expecting $200 doesn’t make sense, shit coins are the only coins which I know will give that kind of reward currently which is really risky. You can’t be trading bitcoin, and you will be expecting $200 profits with just $10 capital, I don’t think that’s possible.

I have learnt from my mistakes, sometimes I will be in profit, instead of me to take the profit, and leave the the market, I won’t really be satisfied with the profits which am in, I will want it to increase, which at the end, I will even end up losing back even the little profits which I was suppose to take. So we should know that we won’t be getting big profits always, so whenever we are in little profits, we should learn to take it.

No matter how much experience a trader has in trading cryptocurrencies, if they do not have the ability to control their greed, there will be no benefit. In my case, I try hard to control my greed and if I fail in that, I face losses. However, in my case, most of the time, if I trade once and make a loss, I stop trading completely. I never trade repeatedly to recover previous losses like gambling, but rather I completely abstain from trading.

We should always keep these things in mind that controlling emotions is an important thing in trading. The strategies that you mentioned to adopt, I think these will be very beneficial for a person who has suffered a trading loss. If he faces a loss, then of course that person should stop trading for a while, and it is important to control his emotions. And we know that when he makes a profit by trading, greed takes hold of him a lot, greed always reflects badly on a person, which leads him to a place of loss. In that case, when presenting trading, one should never be greedy, but one should present thoughts in such a way that one can stay away from greed. And if we go into trading without controlling greed, then of course we will face huge losses here and all the funds in our account will be lost, in that case one should control emotions and stay away from greed.

It depends on what greed means to someone. However, if someone wants to profit 2000% with one trade, obviously will either have to have a lot of patience or not care for his capital. For me, as long as I have some fair/ logical profit, I'm good. Sometimes, I continue trading the specific pair; some others I don't. The factor is that I never seek crazy returns, even if (in some cases) I "expect" them to happen. IMO, it's better to have more successful trades with low profit than 1 with a crazy one.

Definitely you're on point, there's a way greed have possession on someone  and if not managed properly it'll result to some disheartening stories and regrets, it's just like buying and selling, amidst getting some profits from your sales some persons out of greed they'll always want some huge profits from it and they go about increasing the price of some of the products they sell all because of greed, which logically it shouldn't be so, and that's how trading is why buy a coin with $5 and then you are expecting a huge profits from it ranging from 100 it doesn't work that way, with your little sum you can walk away with anything that tops it abit above it's actual price.

It depends on how we are, but having a lot of trades means we have to have a lot of capital too, so it's a bit difficult for people with small capital.

I think the most important thing is to be consistent in getting profit, even though the profit is small, but if we get it consistently then sooner or later, we will get big profit.

Usually people are not satisfied with what they get, that's what ultimately makes them greedy in trading. and greed in trading, we know it's not wise.

Traders can be active or inactive and it has nothing to do with their capital zize like big or small. They can have small capital but not too active with trading and traders with big capital can be very actively trading while with big capital they can have a safer and more easier option, investment.

Trading actively or inactively is an action that is related more to their greediness and other individual traits. If they are impatient, and greedy enough to chase for "Get rich quick" chances, they will be very actively with trading even they have big capital.

Trading is risky, and very difficult to get profit because the market is volatile and more important it is very unpredictable. You can get profit with one or some trading positions but if you are actively trading, in net you can get loss, not profit because the fact is most traders lose their money by trading.

Honestly, controlling greed and emotions is the most difficult thing. Most traders trade just fine but they get stuck in the trading world because they can't control their greed and emotions.

In my opinion, you should trade with your own hard-earned money. In this way, you won't lose as much as you would if you lost borrowed money. So first start trading with your own money to control your emotions.

We all agree that trading has high risks and even to get a small profit is very difficult. But is it impossible to do? No, everything can happen, as long as our abilities and knowledge support us to do it.

Usually people fail because they ignore something, even they only seek profit without a great sense of learning. This is actually a problem where someone considers trading as an instant way to make a profit. In fact, it is not the profit that they will get if it is like that, but rather continuous losses.

Indeed, it is not easy to control our greed and emotions. It's easier said than done, so I'm really skeptical of anyone who says they can control their greed.

I doubt your method and even believe it will bring more risks.

What if you use your hard earned money to trade and lose it all? Trading with money you can't afford to lose won't help you control your greed better, on the contrary, it can lead to a dead end in your life. That is why people often advise each other to only use the amount of money we can afford to lose to invest, especially with risky and unpredictable markets like crypto and trading.

It's mostly true that you need a bigger capital for start building your order book, but even if you have small capital, you don't need to put the entire amount in one order. As you said, the important thing is to make a profit, even if it's small. It's far safer this way.

When it comes to business you will never be satisfied because you will always want to improve and the moment greed start setting in you will have to control it because when you are to greedy you will even go extreme just to see that there goal is met but with time when they realize that they don't need greed to succeed in there business they will eventually just let it go.

Because  there is no way that they will not regret there action so there is need for them to crol how they feel about money we know that we want the success of the investment but it most not be that you will want to get greedy about everything so we need to put things in other.

And it is because if greed that we are finding our self in this situation because everyone want to make good morning despite considering the people which is very bad we need to consider every factor before making a choice.

I would like you to still update us on the progress of your friend, he must have been making consistent success before I can congratulate him. It's easier said than done. Besides, greed sometimes is not what people believe it to be and making a huge money can't be automatically greedy unless you make it outside your trading system and plan. And no matter how little your target is, if you don't have good money and risk management to back it up, you are still a loser, it's only a matter of time.

Once you have developed such mindset in trading it would be hard for you to fall into losses that are more significant than your losses. As a  disciplined trader you must have a reasonable target, I'm going to emphasize on the word reasonable here because most people neglect it, you can't put in a small capital like 50 dollars and expect you to have a return of 500 dollars daily, the margin is ridiculous and this is a target set out of greed. you can only do this when you decide to flip your capital and to me there's no difference between this and Gambling.

If you have the knowledge of trading, I don't think emotions and greed will be difficult for you to control in trading because you have eyes which you can use to see by yourself to know what is happening in the market, either to exercise patience for the price to pump little or trade to earn profit before the price will dump. Those traders that got stuck in trading lack some tactics professional traders are using to overcome emotions and greed in trading, because you have the authority to control your emotions and greed not to miss your opportunity to earn profits.

Even though you lose when you trade with your money, it will not make you feel bad, because you know that is not the end of your crypto trading than to make some research to know how to remain consistent in profit earning.

In order to manage this greed, I think everyone who decides to trade must first have the right understanding and also good self-control when trading because with these two things, of course, everyone who trades will know better when to buy and sell again to take advantage of the assets they trade because without understanding well about the assets they trade, of course, they will set a large profit limit, but it is very unlikely that they will be able to get it and what you said is very right with the little capital used, of course we must also be satisfied with the profits we have gotten because if we have a large profit target, of course we must have large capital too.

I’ve realized that trading is not an all-time gain, so it’s either you push your greed and lose in the end, or you control your greed and prevent yourself from too much losing. This works for me while I’m trading, although you can’t totally control your greed but at least you learned to manage it.

For newbies, they won’t understand this earlier, but with upcoming experiences and losses as well, they will soon realize that greed should never be prioritized when trading.

Patience is more important in trading, especially in medium-term and long-term trading. In this case, we make few trades, but all of them require a lot of knowledge and experience, so it is important not just to open and close as many trades as possible, but the point is to choose the right time to enter a trade and get as much profit from it as possible, and if necessary, even wait out high volatility with unrealized losses. Beginners will most likely sell at a loss, but those who are able to be patient will make a profit, and of course it is important to take the profit in time, otherwise greed will take everything from you.

I have to agree with self control because many traders don't have that and it makes them to get easily moved by the way the market is reacting to any news that they act and make decisions in a rush which either causes them to lose the trade or not make as much potential profits that they would had been making. Having self control is underrated as one of the qualities that a trader must have. Self control works together with discipline and many others good qualities that helps you to become a good traders.

Greed is the worst enemy of a trader, not only will it turn you into a loser but also an addict too which is worst because you're going to keep trading despite it not working in your favour. Trading and becoming victorious needs alot of training and learning to perfect the strategy that you'll be using and not depending on luck.

Agreed, patience is something we must have and not only when trading, but patience reaches wider in our lives. with patience we can think more clearly and we will not rush when making decisions at bad times.

Decision making in certain situations must be done quickly, but fast is not enough because we have to see other situations. Well, with patience, we can consider all decisions, meaning when making a decision we will consider the risks that we will face when the decision is taken, so in other words we are ready for everything that will happen.

In trading there are 2 things that will always happen, if there is no profit then there is a loss. Even when making a profit, if we are too greedy because we want to make a profit, then the profit that we already had at the beginning may turn into a loss because the price reverses. Every human being must have a greedy nature, we cannot deny that, because as humans we still have a nature where we are not satisfied with something. But can it not be controlled? of course it can, as long as we are willing to learn to control it. I think in this world there is always a way to prevent or minimize something, as long as we are willing to try to do it.

Yes, we know that those who make a few trades a day make a lot of mistakes. And because they cannot control their man, they get involved in trading again and again. And they are always in fear that they may lose at any time. But I think it is normal for them to make a few trades for a long time, and to be involved in a few trades every week and a few trades a month. But no matter how professional a trader he is, if he cannot control his man, it is normal for him to face losses again and again.

I think the main problem with most traders is the lack of self control when losing, they chase their losses continuously which leads to more losses. A strategic trader can never be moved by a loss because he knows that it's not a loss, hope this makes sense?  What I'm saying in essence is that the losses are definitely going to be there but with risk management and a proper strategy you are always going to be in profit at the end of the month.

You're absolutely right.The market's emotions and movements have a way of sweeping us off our feet, especially when fear or greed takes over. In those moments, it's best to keep in mind that emotions can blur our thinking, and while stats and data might help, they can also backfire if we rely on them too much.

Trading and greed are two opposing forces, and trading should not be done with greed in mind. An experienced trader is never greedy, but rather controls himself so much that greed cannot touch him. However, those traders who do not have complete knowledge of trading cannot control their greed while trading. An experienced trader is never overly emotional or greedy, because he knows that these two bad habits can seriously harm trading.

Every trader must face this either they like it or not, GREED has done more to me as a trader, at first while studying I started to trade signals but using big lot sizes hoping to do 1:50RR, but always endup taking a loss, I reduced my lot sizes a bit but kept losing, then I realised I’ve been approaching the market with a lot of greed hoping to use so little to get so much, I stopped risking so small to get enormous profits and tapped into risk management, and that changed things for me.

No one is good at trading strategies, whatever your strategy, there is no right or wrong in trading. It all depends on how we can control emotions and greed. Even if you are good at trading but cannot control emotions and greed, you will definitely lose and blame this strategy and look for another strategy, and so on until you lose everything.

Many traders experience ups and downs in trading, even though they actually know that trading is easy, but the problem is they keep looking for strategies to get quick profits but with low risk, as a result everything is in vain because you trade with greed. Be a smart trader by controlling your emotions, and don't let fear or greed control your decisions in trading.

Those people who can’t find satisfaction are clearly those who enter trading having those mindset that it can make them get rich quick. Not realizing that greed will never make them gain huge profits but might even make them poorest in an instant. I’ve learned this before, that’s why I don’t settle for big trades now and use large capital, but small but consistent profits is already good enough.

Conquering greed is not as easy as it may sound. I have not really taken trading completely serious, rather, I buy and hold, waiting for that particular coin to grow in price. Yet, selling them off to take out profit is not that easy, as it is prone to increase even more in time to come.

Most times when I trade, I get clustered with FUD, FOMO, but for greed, the moment I get profit in a trade I placed, not having intention of holding it for a long term, I quickly close the trade to secure my profit. That profit to me is very important to me, if I want to stay a bit longer I use the stop lose, while adjusting the take profit little by little.

On the moment or time that you wont be finding out such contentment or satisfaction at the moment that you do make up some money or profits then this will be that pushing you up to do something even more on which it is outside of your limitation. Come to think that overtrading is a very common situation for most traders and could definitely be resulting into loses once you cant be able to handle it out well. When you do make trades then its always recommended that you should be having always a trading plan on which on the moment that you do reach up such threshold then this is where you would be stopping out completely and calling it a day on which it doesnt matter whether the trade you have done is a win or lose. Greed is always present specially on the time or moment that we do become profitable on which we will be thinking that we can get even more.

One of the main problems too of a certain trader is that when trying out to secure profits on that particular trade. We are all guilty with this on which at the moment or time that you do make out some trades and made out money, then we do ask for more and we do want for more to make up that kind of generation of profits on which we know that it couldnt happen all the time. Market is always been that volatile and there's no way that you can be able to end up on having that profitable position all the time. This is why when you do trades and once you do make profits then always secure it out no matter what.

Actually, I learned to trade through losses. I have lost many times because of my greed. Even after making a profit of 80-90 dollars, I did not sell, but later I saw that I had lost 100 dollars and I regretted then. After a few days, I gradually understood and learned how to trade. From then on, I would sell only when I made a small profit.

You are absolutely right. And sometimes we also think that if there is a loss in this token, then there is no trade in another token by selling. It is not right to think like that. Selling at a loss is wrong. You should take as much trade as you can afford to lose.

He might be "right", but the problem/issue - What "trustable assets" might those be? If it's a stock/equity of a profitable company like Apple/AAPL, then OK. If it's a proven Store Of Value asset that has been in use for thousands of years like Gold, that's also OK. Bitcoin, a possible undervalued competitor of Gold, OK.

But shitcoins? We probably should be careful in what we believed we mastered.

One of the obvious reasons for traders fail is they struggle to let go, I myself included. To conquer greed, you need to be contented with enough. That being said, you need to know your risk appetite and gain satisfaction. You can use others method for your reference to learn and to make your own trading plan.

After knowing that anything that involves greediness always ends in tears, that is when you have to make yourself understand that greediness is a very bad thing in trading.

Not only in trading but in any act of business, if you are involved in greediness, you will definitely regret it. You have to accept the fact that your profit depends on your capital, which if you invested a lot of money in, then you will be ready to gain a lot of profit, while if you invest small money, then you should be ready to gain small profits. That is just the reality of how things work, and that is also applicable to businesses.

Greed causes a lot of harm to everyone, greed is never a good thing, a trader becomes uncontrollable due to greed, trading is a field where losses are bound to happen, and you should never let yourself get bored because of these losses.
Find out the reason why you lost, and then, be more careful and research the market and trade properly. Always have a well-organized trading plan, financial limits and use the right methods at the right time. There are many things to understand in trading, so a newbie should learn them well with the right mindset over time.

It is definitely good if you are satisfied with very small profits. Because the more profit you expect in trading, the more greed will grow in you. Because when you have the intention to make a lot of profit, you will not stop trading easily, because at that time any amount will satisfy you. Because of this, if you have a small profit objective and if you select a maximum profit margin, then you can probably reduce your losses in trading because small profits can be gained very easily from trading. But it is very difficult to maintain them if greed works in you, and if you cannot stop trading immediately. So in this case, I will appreciate your friend's strategy. And I can say that if your friend follows this strategy constantly, then even if he cannot make much profit from trading, he will at least be safe.

We are talking about Money here and you and I know how influential it can be. As far as money is involved, greed can not be easily do away with. It's always easier to say than done. I realise this when playing aviator game in one of my favourite gambling sites back then. I initially made up my mind that I will close my position at every two odds but guess what, at first I was able to maintain my stands but within some time, I said to myself that the two odds I set for myself is too small and that was how I started losing my money until I can not longer count my loses. Same thing applies to trading and greed will gradually set in since it has to do with money because human by nature is insatiable.

Every trader has its own strategy that is developed over period of time through personal trading experiences. When I was a trader, I set a target price and I sell mu coin as soon as my coin hit that particular target price. We don’t know when a coin is at its peak that’s we have to set a price where we have to sell.

To me trading is a risky and stressful work because you have to be active all time. There are scenarios where you sell bitcoin one day and the next day Bitcoin went up by 5k$. These are prime reasons why I invest in Bitcoin only for long term since I figured out that trading is not for me. 

Would you consider yourself a "good and a long-term profitable trader"? Or if you pretend that if you kept a journal of your trades and compared them to simply denominating your capital in Bitcoin, would your "trades" have a better performance than if you simply HODLed Bitcoin?

This post is not a personal attack. It's a mere rhetorical question to keep ourselves honest with, ourselves. 8)