Do Not be Greedy

[karungbitcoin]

Very hard to predict how high the price of coin will going when up trend, there are some coin going up more than 300% just a few days, and when we take small profit we will miss that bigger profit. My idea is split the take profit, first take profit by 20% and second take profit by higher percentace. To avoid greedy we should be have target profit by monthly, trading without target profit bring us to emotional and greedy.

[Marcelle7]

Greed is the major reason why newbies lose money in trading and if the professional are finding difficult to make 12% in a year what make you think you will be able to make 100% a month as a newbies.

Greed is something that will never make you decision on the right time. a greedy person thinks that the price will fall more and then he will buy some and miss the chance and when want to sell his coins again he looks for the price to grow more and more and suddenly the price drops again and doesn’t make any profit. That’s why it is said that greed is a curse.

[RadjorBlade]

Yes, greed is the thing that makes most traders lose money at the end. Therefore, it is essential to set a reachable target before buying a coin, and sell it when the target is met.

Greed is more influenced by emotional factors, namely getting as much profit as possible in the shortest possible time. It is this factor that makes the profits that have been obtained eventually disappear because they want to get more. Most realistic there must be a profit target, so that when the target is reached, sell and enjoy the benefits.

[yohaneshs]

Yeah, that's true, we should to manage our time and money wisely
Greedy is normal for humans especially businessman but we must control it.

[Inikoo]

When people sell with 20% profit, and than watch the price go up to 2X, they feel bad, which is an understandable human reaction, but should not be the case. We should be happy, and focused on what we reached, and not what we missed.

[avarnet]

Greed is the major reason why newbies lose money in trading and if the professional are finding difficult to make 12% in a year what make you think you will be able to make 100% a month as a newbies.

absolutely right and most greedy people will also be ruined by a career and a lot of loss or loss. the most important thing is that we must always be grateful for the results we get even though they can be large or small

[Robertqueen2]

This way of considering things is useful in some cases when you don't want to endanger your money, but when you have experience and strategic plan, your capital will be maximized.

[arikassuja]

humans may not want to be greedy just maybe he wants to take maximum advantage so that a lot of people look greedy, when they get a lot of profits they try to enter again and hope to get more profits but that might make them get stuck in the price which is very expensive.

[panganib999]

Sure, that's a good plan for people who want to play in the safe zone. However, most investors are in the crypto market to get rich quickly. 20% might seem good for people who are doing this on the side, but others' plan is, the greater the risk, the better the reward. And cryptocurrencies don't just reach 95%+ profits, in the long run, 1,000%, 5,000% or even 10,000% are not strange to the crypto scene.

Seeing a 20% is sure an overwhelming feeling in the cryptomarket it is a success for a trader but then again it is not always like that way especially now its hard to see a 20% on a coin price increase because of bearish market. Being greedy may come into an end for you as a investor or trader why? because of too much speculation and expectation to a coin which is wrong, just think of bitcoin with a thousands of investor when it pumps almost 90% would sell their bitcoin obviously and will end to a massive bitcoin deflation.

[cryptocointrade.com]

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

I agree that you shouldn't be greedy. However, it's very dangerous to write such general rules for trading. What if you bought Bitcoin in early 2017 and sold with 20% profit? I wouldn't be satisfied with that...

Everything depends on your expectations when you enter the trade and how the market changes after you entered the trade.

If you are about to invest in bubbling market my advice is to sell in portions once you see the price is increasing.

An example would be to sell 20% for every 20% in a price increase for example. In this way, you minimize the risk for missing out the peak.

If you invested 1000$ when BTC was worth 1000$ you would sell off $200 when your BTC was worth $1200 and your position is still worth $1000

[welchmgra]

That's right, but we are not always greedy. We need to understand where the greed is. It is essential to make you rich. If many people are not greedy when the bitcoin increases from $ 1 to $ 300, many people do not become rich. All is the opportunity and the moment, choose the right time to greed.

Greedy is a characteristic of rich people, because without greed people cannot become rich. When bitcoin reaches 19,000 USD a lot of people get rich because when they buy prices are still tens or hundreds of dollars for one bitcoin. Because they are greedy, they wait for prices to peak. When that happens, they get rich. Greedy is important, but accompanied by logic.

My friend was in stock exchange trading for long time but greedily he didn’t make any money there because when the price of a product share grew a bit he would wait for more and as we know the stock exchange share price vary in every minute. The same he did in crypto holding. He held Liza for some time and sold them because the price was decreasing suddenly the price grew up and he lost about $112000.

[Vinz1978]

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

This is often a problem with crypto or bitcoin trading. Most of the traders do not have the money to lose because they are looking for more income, maybe for them its a luck to think about the times He's/She's been stranded and they didn't think that they will not run out of luck so it will become a loser and its a small loss that would be. So its important to have self-control to avoid this behavior or behavior in trading.

[CryptoIyke]

Greed is a killer in trading, I have been a victim countless times, just bought a coin and watched it make over 10% profit, did not sell till it dropped below my buy price, now recovery is very difficult

[Premooooo]

Being greedy for your self is a normal for those people who want to earn big money also. Because they just taking the risky of being greedy.

[socksserver3]

I think that it is a good advice not to be greedy. To my mind, if you are greedy you can't earn much because it is necessary to know when to stop. I think that i m not greedy and this helps me often

[samycoin]

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

I agree because being greedy put you for nothing maybe you always win now but later all your greediness will bring you down. Just be fair yo others because you can make a profit in crypto even you not greedy.

[Ains_sama]

yes guys, you are right. to trade safely is not having to wait for the price to reach + 90%. it will only be frustrating because of greed to get big profits. making profit + 20% is great for making daily trading healthy. because when the target is reached, a sense of calm is felt.

[BitcoinHunt3r]

yes guys, you are right. to trade safely is not having to wait for the price to reach + 90%. it will only be frustrating because of greed to get big profits. making profit + 20% is great for making daily trading healthy. because when the target is reached, a sense of calm is felt.

Actually in real, 20% is quite high and rarely to get. It can be true if coins that we bought really get pumped or updated by their developers. But for daily, it will be hard at least for me to get 20% everyday.

[Yamifoud]

I think that it is a good advice not to be greedy. To my mind, if you are greedy you can't earn much because it is necessary to know when to stop. I think that i m not greedy and this helps me often

It's getting sense when we just accept of what we have for now,  aiming for huge returns is just a dream cause we know that market won't provide us. The crisis we face today it seems to be a big challenge for everyone and those greedy individuals will just be frustrated and hopeless as they won't achieve their goals.

[Dr.Osh]

I think that it is a good advice not to be greedy. To my mind, if you are greedy you can't earn much because it is necessary to know when to stop. I think that i m not greedy and this helps me often

It's getting sense when we just accept of what we have for now,  aiming for huge returns is just a dream cause we know that market won't provide us. The crisis we face today it seems to be a big challenge for everyone and those greedy individuals will just be frustrated and hopeless as they won't achieve their goals.

I think being greedy is good enough, because with that we will never retreat, and always prepare strategies. however, on the other hand, sometimes this makes many of us lose money, well, maybe because we are not grateful for the profit we get. if you have experienced it, make it a useful lesson.