A Good Solution Of Too Much Greed In Trading ?

[bubblebit]

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  

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.

[eann014]

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 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.

[buwaytress]

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?

[hitrawal91]

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.

[Indianhitz]

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.

[rodalutor]

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.

[ajmal604]

I have no idea, please search google & youtube, its may be too much helpful, i think.
Thank

[ss890]

 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  

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. ;-)

[lady Royal]

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  

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.

[otundebis]

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.

[richminded]

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.

[Kurokyy]

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  

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.

[creeps]

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.

[principledquince]

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.

[HasHe]

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  

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.

[jimbo2000]

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 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.

[CyberKuro]

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.

[aoihs00]

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.

[rockyboy]

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  

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.

[okala]

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  

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.