A Good Solution Of Too Much Greed In Trading ?

[infuser0416]

 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  

[mobnepal]

-  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...

[BillyBobZorton]

- Don't sell anything for loss, patience is key in crypto trading.

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.

[Aleister Crowley]

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  

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..

[hasmukh_rawal]

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.

[eminemcookie]

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  

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.

[khufuking]

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    )  .

[DaMut]

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.

[Aura]

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.

[infuser0416]

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.

Well Said Thanks appreciate alot

[infuser0416]

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

[Gotottack]

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.

[Nerman]

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.

[Kyraishi]

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  

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.

[hawkins]

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.

[nidacoinlove]

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  

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.

[Rooster101]

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.

[13abyknight]

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  

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.

[RoommateAgreement]

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.

[Dudeperfect]

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.