Bitcoin Forum

 I Am New At Trading Some Of My Trades Actually fail because of too much Greed is there anyway how to determine how to stop ? and avoid this Greed Emotion :(  ??? ???

-  You should never buy anything that is pumping hard in last 24 hour
-  Sell half of your holding if the coin that you have bought before is pumping hard because price can move to both direction. sell remaining if price will pump more or just hold remaining for another massive pump.
- Don't sell anything for loss, patience is key in crypto trading.
- Don't follow trade advice or investment advice you will get in forum or in troll box.
- Don't panic when there will be small correction in market.


good luck...

Sometimes is better to sell... or you may end up holding an useless bag of altcoins. Case in point, look at this graph:

https://coinmarketcap.com/currencies/paycoin2/

This is the anatomy of a shitcoin... you can end up with a bag if you don't do enough research of where you are getting into. Don't lose your bitcoins in shitcoins should be the first thing to learn in crypto.

emotions are commonplace, in the circles like us,, controlling emotions is very difficult, especially if the funds we play in large numbers .. one thing that can handle this is ,, we need to control how big or at least the profit we should be in every day.,, no need to expect big, even small profit is enough as long as we do not lose control..

Control your emotions buddy because if you don't, you might end up being burned. If you don't have control on your emotions and if you panic sell or buy coins, you might lose all your money in trading. If you are not able to have control then don't transfer all your funds into your trading wallet.
Try out with a small amount and then increase the amount later. Buy only on dips and sell only at peaks. Don't buy quite often, invest only on selected days and then forget about it.

I think firstly to limit your greed you should set yourself realistic goals, this will help you with putting everything in to context. Secondly you should try not to think too much about the monetary value attached to your trades and instead just focus on making good decisions.

I agree with all that said above but I want to add , Scared money is dead money  . It is really complicated formula how to be not greedy and at the same time not scared there is a thin line between both . Also while I agree in crypto do not sell in loss because everything that go down will get pumped up again , But  there is some coins   you better accept your loss with it and get out  .

With all that being said there is one Golden rule never invest more than you prepare to lose, Hint ( following this rule will help you with the scared money problem  ;)  )  .

a good solution for your emotion is by feeling it,
most people will not understand how to control their emotion until they feel it.
for example me,
when i tried to control my emotion i always end up losing it,
no matter what strategy that i had,i always losing it so.
until a day when i try to put my saving and lose it all,that time i understand what is it and reliaze it that everything that i lost is too precious for me.
just like your real life,you will understand it whenever you lost it.
and that is the point when you can control your emotion,at least manage it very well.

a steel can not be a shield if you do not burn it,
you need to break your limit by feeling it and then transform it.

Set a limit for yourself on how much you can trade everyday, don't go over it.
Don't trade more than you can lose, so don't use your all monthly salary for trading.
Focus on maybe 3 coins, do your research before investing.

Well Said :) Thanks appreciate alot

Thanks a lot i appreciate all of your insights :) hoping to get back my self again after a loss haha

Here are some of my considerations:

1) Do not abruptly decide to sell you Bitcoins when prices are falling too quickly.
2) Do not buy Bitcoins when price is increasingly high as it might just be a business strategy to attract more demand.
3) Pay attention to data. You must remember that when you have a good source of data for the last five years, you can rely on it for good causes since most likely everything else in the market would be predictable.
4) Consider others. This is put in the last for a reason that is personal to me. Might as well just consider your own side when time comes.

I follow my trading plan 100% at a time i always have a target price and a stop loss. When i hit my target i will sell it and just in case it goes up more do not regret it since you already have a gain. A gain is a gain. As you know being greedy is a bad characteristic of a trader. We cannot know the future price so it is better to have that gain.

it's more about controlling your emotions than having skill.

Never join a pump and dump group. Never join a pump and dump when it is in the pumping stage because it can dump at any time. Honestly, invest in what you believe in instead of what you think others believe will go up. Because often times, the coins that have the best concept grows the most in the long run.

Don't aim for short term profit - otherwise, you may be dumping at a point that is way too low.

well, I guess that's normal, and it happens to everyone. well, even I am also greedy in terms of trading. all we can do is try to be patient, and if it's profitable, then sell the coins you have. a lot of gratitude will make your greed less.

First of all you need to understand that trading is not a simple and easy activity, it's a very complex activity in which you have to look at many things at the same time. Traders are by nature sceptical they will search for the weakness of a currency if they find it week they will never invest in it. So, you are not suppose to look at the glitter with which the marketing team covers the weakness.
Secondly withdraw your capital amount as soon as possible from trading and continue with the profit you get from trading, it will help you in being secure.
Some of the young traders also get panic soon due to which they can't manage trading activities accurately so you need to be patient and the time and trade wisely. These are the tips that can change your life.

Aside from controlling emotion, human, by nature, is greedy and that greediness need to be tamed when you join the trading. Trading is risky business and be sure to be well-prepared and ready to face the risk or to take some risk before joining. Greediness when goes out of control will give you more harm than good. A carefully crafted trading plans, tons of patient and always looking for any good indicators will help you succeed in your trading endeavors.

This is very common when lots of profit is made. You think about more profit out of first earned profit which often leads to trading demise eventually.
Common practices to avoid this would be taking time off trading and during this time, you shouldn't think about the topic at all. One more doable thing would be buying something with that profit and calling it a day.

stop being greedy.

i am not joking. you already know what you problem is which means you are halfway there, unlike others who have not yet figured out they are greedy that they lose money.
set some percentage profit that you want and think is enough for you and stick to it. is it 1%, 5% or 20%? wait until it is reached and sell there, don't wait for "more". you can even set your orders ahead of time. for example you buy something at 0.0001BTC and immediately place a sell order at 0.00012BTC (20% profit).

if you can discipline yourself to follow this simple rule, you will be successful in trading in no time.

I would suggest a planned trading strategy if someone is facing the issue in controlling the emotions while trading. A trader should do a research for the coin in which he is having interest and decide the expected profit / possible loss of the investment in the same. Then he should invest in that option as per his strategy and sell his investment if it is reaching at his expected level even if it is at a lower side. He should not change his strategy under the influence of the market behaviour.

One can definitely earn the further profit if he is having a flexible strategy but in that case, a trader should have enough knowledge, experience and skills to determine what could go wrong. Thus it is not recommended in the initial phase of trading.

Acceptance is great start, knowing that your “greedy” is the hardest thing to do but you made to admit it. Now the problem is how to stop it? Then it might need determination and learning is one way journey to overcome emotions. The more that you know how bitcoin and altcoin moves & work the lesser the chance for you to think in a panic. Lack of understanding on every coin is like going in war without knowing the map.

You must know your limits before you trade. It is very risky especially if you are a newbie. You must also try once and don't try a lot because there is a possibility that all your trades will fail and you will lose it all. So you need to be careful before trading.

I know it's a really simplistic way to say it but it's actually what works. Greed, emotion, impatience, these all affect traders, from amateurs to professionals. This is why professional trading firms have strict monitoring groups, buddy systems to help people check on each other's individual performance and keep each other in check. For a lone trader, the simplest way that works is to always have your research done before making the order.

Determine the entry (long or short), why you think it's a good entry, and then determine your exit. This means setting your profit taking as well as your stop loss. Once you're confident of these, enter your trades, and let the market take care of it. If your price entry is never met, then let the order expire and recalculate. If it triggers, allow the market to close your order (either at profit or loss).

This way, you limit losses, and you realise profits. Also, you accurately learn from your strategies. Do they work? Could they have worked better?

Greed is one of the emotions which can ruined your hard earned money if you didn't control it on time. First understand the emotions and try to find the solutions of how to control it or  how to prevent it. There are many books written on controlling the greed , i have one recommendation from my side read the book " THE DISCIPLINED TRADER" by "MARK DOUGLAS" specially for the people who are facing problems while controlling the emotions and will help you be disciplined while trading.

For stop you better use Monetary stop which is think is required for you as you are emotional trader. i cant explain everything in detail about what is the monetary stop it is a big topic so just google it and find it.

Greed is major reason for you to fail as a trader. To eliminate greed from your trading approach, you need to develop a trading plan and trading lifestyle where you plan and follow the rules according to your psychological trading mindset. You should try to practise  mind games and mind strengthening approach for  becoming a good trader and to eliminate emotions from your trading mindset. Try to read psychological books on eliminating the fear and greed types of emotions and then master it slowly step by step.

You need to set yourself targets and restrictions, if you aim to profit 20% and you reach that amount sooner than expected, so be it, take your money and move on to the next successful trade, you don't need to stress then that you could've made more money if the price continued to rise.

That’s very easy to get it done. As you know your weak point then you should just overcome your weak point to get the job done. If you know very well it’s greed that’s coming in your way then you should try to avoid being greedy. You might get many suggestion but this one is completely personal and you are the only one who can overcome the greed. If you do so then surely there will be nothing but a straight forward trades and yourself. Try to define your goals first and act like that, don’t react. ;-)

Well If you cannot control on your self and keep putting your money in trading then I suggest you to save some of your money lock some of your money so you can lose it later, by doing that you will have something as backup and if you lose money in trading from that backup money you can earn it back.
You should always remember that moment when you lost your money in Trading by doing that it will stop you from putting your money back again in trading.

Trading everyday is a little bit dangerous! Everything is timing even the nature is communicating this to us in our daily lives. You can't be trading everyday and get scot free from ups and down of the market. You will have your emotion on rollercosta  that way.

How come people gets greed when they are real trader ? trader should know how to control emotion first they know when to exit and enter the market after using indicators and reading the charts. Trading is really not that easy to control greed then learn how to become real trader that use charts when they trade and not their emotion, don't trade with too much greed always focus on your goal.

Be familiar first with the coins you will be trading.Do some research and study the coins and have a plan before you start buy coins and trade. Are you going for a short term to trade day by day or are you looking for a long term profit? Don't just pick some random shit coins. Dont be stupid, you need more patience in trading.

Trade with a plan this will help you to stop from being greed, yes you will win money if that coin soar higher but when you know when to earn profit this will help you to secure money and learn how to cut losses. Trader will know how to read charts and execute your plan well for you not to loose big money in the future.

This is the common problem of the new trader like me which only goal is to earn. I didn't realize that I should have strategy and enough knowledge before I joined the trading. I always aim for a high profit even I already have chance to sell my coins with minimal profit only. Because of this mistake I have realize then that being greedy is no place in trading, instead you should learn how to be patient. Because if you cant hold your emotion theres a big  posibilty to loose your money.

If you don't fix a profit target say 5% or 10% or 15% for your trade and trade thinking that sky is the limit for your profit and just follow the price increase in your coin without finishing the trade,then definitely you may loss at the end since most coins are pumped and we don't know exactly when it would be dumped.

So,as soon as you reach your target price,just sell your coins and finish the trade.You could re invest the amount and buy another altcoin for trading.

It is imperative that you always set targets for your trades and then stick to them. The feeling of being too greedy and then losing your profit is far worse than when you sell early and could've profited more.

How to avoid greediness? By using a plan, treat trading as a business, set how much % profits you want to achieve, put sell order to execute as long as you have profit.
But, the first thing is to assess potential of the coins, whether it may rise up even further or will stack at some point, which people more likely to sell at that point.
It may be different if you trade some famous coins or new coins in the market, people tend to dump new altcoins which just listed into exchanges.

That is why we don’t see much successful crypto investors or the millionaires. :-) The greed is always there when you are playing with the money. Even the gambling, stocks, or even a small bet at bet365 leads to worst greed which you can’t afford at all.


To overcome it is not that much easy and you should always control it with your limits. The limits on trades, the limits on your money which you are loading into your wallet must be controlled. You can’t do that immediately but you can try to do it over the time. You are still new here, and there are so many ups and downs you have it see. You will get hold of it once you are done with enough loss.

Too much  greedy can affect your day to day experiences in trading that may result of some losses instead of gaining a profit. I've already learned and i will never do my mistakes again. When you are about to invest consider all your mistakes, it will help you to stop from being greedy.

Greed is the number one reason why many people lose in trading and though the skillful traders make their own profits. The law that state "that you most not use more than 2% of your risk capital in a single trade" must be adhere to in other to remain successfull in trading. You should not also not click the buying order bottom without no comprehensive reason why you should place that trade.

Greed in doing trading is normal specially when we are still a newbie and this kind of emotion is really hard to stop specially when you do always put in your mind on having lots or bigger amounts of money on doing trading. Greed will really control you out anytime sooner specially when we do see chance on possible profits on making trades we do go all in because we do tell from ourselves that this is the chance on getting rich but eventually we do know that instance do really changed anytime which would really cause on losing up so much money.

Trading is no doubt very much dangerous thing to do and it is not at all possible for all of us to make wise decisions and that too in a very short span of time. If you are having some kind of greed of making more money in the world of trading, then you have to be well prepared for this thing as well that you can suffer that much huge amount of loss as well if you failed to perform well.

Coins has lower value is the thing that attract you to be greedy and i think you need to avoid that, also i think you do not know what is the proper trading because you are too greedy to loose your capital in this method. Trading is one of the best source of income here in bitcoin, you should learn first how to be good trader then search the project of the coins before you purchased, do not buy coins have big dump of value within 24 hrs most of that coin are going to be scam.
Much better to pick the coin whose on the top of crypto market and set the selling option of how much you want to sell the coins you have of course set it on the amount which you can get profit.

I am also not that expert in trading i guess, but first you would rrally having a hard time controlling your emotions in trading, before you get to apply controlling emotions, you must have the will to discipline yourself, it is not that simple as we speak you're greedy, and the only way is to do the opposite, its just easily said than done. Just keep on practicing to discipline yourself not to be greedy, that's it.

Actually, nobody can control your greed but yourself. The most effective way to control it is by examining yourself well or in other words know yourself so that you are not a stranger to the person of who you are. Assessing oneself is very important in trading as it can help in managing your emotions and many irrationality. You can never establish the kind of discipline needed if you do not know yourself well.

Trading can be a risky thing and if you will don't know the many ways to control your greediness and emotions then it is better to leave it to someone else. When you are getting affected by greed (or too much greed for that matter), you are no more trading but already gambling your future away into chances (small chances I would say).

Doing the right things in trading can pave so many avenues of opportunities...that we have to always remember!

i surely agree with what you are trying to point out, but the problem is that, without aid of somebody who can literally give you advices, i think it will be to tough to just assess your self, i know there are lots of guides out there including mentoring to have further discipline but, i guess its a process to be developed and trained, and with hardwork along also. In application to trading it could be a lot of risk when you start to panic already and doesn't know what to do anymore.

The fist step to problem solution is identifying there is a problem which you have done. Times without number I have fallen into this which is either selling too late or selling too early but the way out is just to set your mind that whatever happen afterwards is not my concern or you don't want to check on the price of what you sold the previous day because without that, you tend to start feeling either you made a mistake or you are actually smart. But believing its all in the past is a way to move forward.

I will tell you how I tackle such situation. Try trading few coins. That way you will concentrate on your judgement in picking your pairs and not over trade. Trade a few coins and you will have enough time picking out the good and profitable coins from the dumps. I trade just few pairs and it's working out pretty for me. That way I don't have much failing trades.

This dude has already gotten burned, I can tell.  I think most people who trade shitcoins are straight up gamblers, and when you're a gambler-trader who's glued to your computer screen, trading these hellaciously volatile shitcoins, it's really hard to keep emotions out of the picture--especially greed.  Fear comes in at a close second.  I've tried trading on a small scale and it's very addictive and can be extremely frustrating.   Me, I can't keep emotion out of it, and thus I quit trading quite a while ago.

Nothing beats out greed out of your system than getting burned on one of your deals that will nearly cost you everything you own. From there, you will learn the trend of the market. You will also learn to do more research before committing on a single investment. If for some miraculous reason, you still do not learn from that mistake,  then the second time you get burned will be well deserved since you were not able to think thoroughly.

What a straight forward answer! There are many thinks that we also know and better than google or YouTube. He did not ask for the formula of hydrogen bomb that you are directing him to google, Lol. Personally I think the best way to kill your greed is to set a target for yourself in trading and make sure that no matter what happens, you are going to stop after achieving your target. I know greed’s become active when you see slight possibility of making more profit, but just ignore it.

You should set a fixed rate you want such as 5% or 10%. If your coin rises up this level, you have to sell and buy another coin. Don't care about if it continues going up.

You’re only one making the decisions and emotions..You are your own worst enemy you need to learn a technical aspect you might learn money management and the emotional management which is great. Avoid trading if you are in the bad mood. Remember that emotions are temporary, Don’t let your emotions destroy you.

The general good approach would be considering any money you invest as already wasted or thrown away. If you understand that and stop treating the money as something important or needed, you will be able to trade without any emotions, therefore aiming for the cold calculations and not emotions of being rich quickly or fear of losing that money. Trading should be considered a skill of market research and calculations and for sure not like some easy way to double your salary. Deprive yourself of emotions when you open your exchange site.

Controlling your greedy emotions is usually greedy emotional because of your fear, you need really good understanding of the system of trading. How the market moves and you can then the emotions and the fear are subsided because you understand well. Emotional management is important, especially in trading. Don’t always greedy you will lose your effort in trading.

There is right time for the right price. Be contended on what you get because it is better than losing of capital/profit. Failure is part of successful, you need to know your mistakes to avoid it again in next you encounter that challenges. And being a trader it is not easy to become professional, we can't predict when is the time of increasing the value. I can suggest that there's a setting of price you think/satisfied that you have a profit, in this strategies you don't need to monitor always the price of coins instead if they reach the value you set it will sell.

Close your platform, turn off your laptop and get out from there. Simple, but need hard work and clearly mindset to do that. Greed meaning you don't have emotion control, so loss will be your friend. Let your strategy become your guide, if say buy just buy , say sell just sell, and if say " cut loss " never hold it. Keep doing that and I believe you'll never greed again. Good luck.

i think to avoid greedy, you should try to make one price when you want to sell your coins so you don't have to change the price if the price trying to increase too often. with this, i think after you decide the price for sell, then you can close the browser and do another activity so you don't have to be greedy. it is not good to have greedy in trading because it will makes you can not control your emotion and finally your trading will fail without making any profit at all.

It is the best thing to plane well in the bitcoin because the value and the price of the bitcoin is now increasing more and more so buy the bitcoin and hold it for the long time I use the bitcoin and I know how fast the bitcoin grown and how fast the bitcoin will go I love to buy the bitcoin and I know it is the best thing to trade in it but you will have to be patience and wait for the long time.

Greed is usually the hindrance why of some us failed to earn in trading , letting your emotions control of your actions can really affect your decision in buying or selling.

We should set aside our emotions and have a concrete plan or strategy when you trade and dont think of being rich quickly. Its better to prefer for the worst so you will be prepared whatever the outcome is.

Too much greed is one of the problems you would really face not only on trading but also on gambling too. When you are really have a problem on greed on trading you would most likely ending up on losing because you are already treating it as gambling based on your actions and the orders you would made on a certain coin.The solution on this is try out to control your funds and make a good management.Make plans according on the possible actions you would made. It wont really be an easy job if you are really a greedy person but somehow its manageable.

The ultimate results will be failure for you if you don’t leave this greediness. Humans are greedy and this is obvious. But what you think couldn’t this greed can be under control? Yes definitely is will be. There are so many ways in which you are making something amazing out of nothing but that only comes when your concerns are greed-free. Make things up to the mark but without greed.

The best advice I can offer you is to determine in advance a price to sell at and then to make sure you stick with it, you need to have a clear head and make informed decisions, sometimes I find it helpful to say to myself 'would I buy at this price' if the answer is no then sell.

Emotion destroys someone who can not manage that emotion,greed in trade is not difficult must be full of patience to do it.It's just that everyone including me has emotions,back to the topic of the best solution in managing greed is to forget what you have forget that prices are falling sharply.

That's a very hard to actually avoid because when it comes to trading temptation you probably put everything and expects a big profit which is good but taking too much is not really good. Balance must be put in your perspective and never ever forget that. I know it's hard to resist but take it slowly to take away your greedy character.

Mostly new traders get excited on seeing their invested coin's price going high.Without realizing that it is being pumped and it would be soon dumped,they just follow its price without finishing the trade.

Suddenly when the pumped coin reaches its high limit and gets dumped by the group which pumped it,the price just starts to fall rapidly.These new traders would immediately place sell orders but of no use as the price would fall much faster than the sell order price.At last,they would sell their coins at a much lower rate than which they bought.

In order to avoid this,they should set a profit limit of 5% or 10% and as soon as they reach that limit,they have to just finish the trade.By this way,they could avoid greediness and losses.

There are some people that are too much greedy when it comes of trading their coins. I think the solution of that is patience, if you have patience in trading you will be successful.

You should plan on how much do you wanted to gain like if you hoped to gain 20% profit then you can set your desired amount to sell on the automatic selling so you can have a secured selling trades and you can also do it when you buy, you should use your mind not your emotion.