Do Not be Greedy

[raghovsing34]

Yes it’s true that we need to control our greediness while trading. But sometimes it’s quite difficult for us to control our greediness at the moment of trading. That's why we cant get profits. So we need to be more careful and need to control our greediness.

[1715043800]

1715043800

[1715043800]

1715043800

[TribalBob]

20% is already good enough to do take profit,
most trades that play in a safe area only sell assets between 10-20%, so it's still good to have a target of 20%.
don't forget also to do the cut lose target, because this is also important,
so always try to put a cut lose and put up a buy order if needed so as not greedy.

[Ellen Adarna]

In my own personal opinion, being greedy is not really an option for you to make good profit in trading because trading and gambling are sort of a like, that is why if you don't have self of control you might have gained more loss not winnings in trading or in gambling. There are times that being greedy can help you to gained more profit because maybe you are in luck, but still you need to know your limitations in trading. Right now, I am also looking for a trusted trading platform that can easily convert my fiats or crypto into bitcoin and vice versa, until i found Darb which is the most secure asset trading platform.

[senyorito123]

20% is already good enough to do take profit,
most trades that play in a safe area only sell assets between 10-20%, so it's still good to have a target of 20%.
don't forget also to do the cut lose target, because this is also important,
so always try to put a cut lose and put up a buy order if needed so as not greedy.

If we want to be a successful trader, greed is probably the biggest hindrance we will have to conquer. Practically, it is our desire as traders to acquire positive returns that drives us to trade, but this desire becomes unhealthy and even dangerous when it is immoderate. Invest what you can afford to lose, and don't be greedy, stay patient. Set a trading plan, don’t do over trade. Overtrading is a result of greed as well, only trade as per your plan.

[Bustart]

20% is already good enough to do take profit,
most trades that play in a safe area only sell assets between 10-20%, so it's still good to have a target of 20%.
don't forget also to do the cut lose target, because this is also important,
so always try to put a cut lose and put up a buy order if needed so as not greedy.

Greed is one of the biggest adversary of trading. A practice of proper discipline and right mind set will help us overcome this negative emotion. The survival in the field of trading can only be achieved through discipline and patience.  We should have a strong risk management plans before putting any trade and see the difference it can bring towards success. Rather than chasing the market in greed of missing a trade, let the market come to you.

[jakelyson]

20% is already good enough to do take profit,
most trade s that play in a safe area only sell assets between 10-20%, so it's still good to have a target of 20%.
don't forget also to do the cut lose target, because this is also important,
so always try to put a cut lose and put up a buy order if needed so as not greedy.

Greed is one of the biggest adversary of trading. A practice of proper discipline and right mind set will help us overcome this negative emotion. The survival in the field of trading can only be achieved through discipline and patience.  We should have a strong risk management plans before putting any trade and see the difference it can bring towards success. Rather than chasing the market in greed of missing a trade, let the market come to you.

It is not totally bad. Greed can be used to make you strive for better trades. It can make you a better trader. All you need to do is control it thru constant practice, discipline and by having more experience.

[sakokinak]

Greedy will not work in many aspects of life and not just in the cryptocurrency. When people become greedy, they will not listen with anything and only want to chase what he wants. Related to trading, you should sell the coin when it can reach the higher price and don't wait too long to sell because you don't know if the price can increase more or it will go down to the lower price.

When there is a chance to sell high, then do it right away because the market still moving to every price.

But here we are discussing here about crypto so lets leave other and discuss about crypto. If people become greedy on crypto then they will make loss. For example when price high they will try to take more profit but price will drop so they will be loser. And when price drop they will try to buy but they will think that the price will drop more and they will get entry but they will fail.

Greedy people (even when they deal with something else, not the cryptocurrencies) always lose. I guess that trader cannot be a greedy man. However, he must deal with his money carefully.

[bitcoin31]

Yes it’s true that we need to control our greediness while trading. But sometimes it’s quite difficult for us to control our greediness at the moment of trading. That's why we cant get profits. So we need to be more careful and need to control our greediness.

You know how to control yourself while in trading because if you know that you will earn more profit because you can control yourself to not be greedy.  We know more people are greedy to earn more so they did not get which is nothing wrong that because we want big profit but depends to the coin when and how much the value increase.

[Gridness]

Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

dont be greedy is the right choice because greed make we a big lose, profit 1-5% is a good enough for a days

[YoloBull]

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.

Yes if you invest and hold over a longer periods of time. But if you day trade, the margin for profit can be much smaller. Even a gain of 0.5-3 percent can make a difference if you are good at day trading. Experienced trades can make a good profit even with such small profit margins.

You're right, it becomes about volume of movements then. Buy, goes up by 0.5%, sell. Goes down by 5%, buy, goes up by 2%, sell, etc.

That's how you make money in a bear market.

[Best Dreams]

Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

dont be greedy is the right choice because greed make we a big lose, profit 1-5% is a good enough for a days

Yeah greed is not a good thing at all, so when you invest you will have to keep this in mind that we will have to wait for fast price recovery but it can take time, those who become greedy and sell for panic gets lose, it is important to have patience and to wait, 1-5 is not enough according to me because trading is s wide we can get more than this.

[Bagaji]

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

Is not necessary that one should even wait until the price grow to the level of 20 percent and above before one should sell, but advising people to sell when they hit their target point which some times could even be less than that of the 20 percent profit as you rightly mentioned above. And I want advise people not to set high target except you want to hold a long time period.

[mikelsmith2020]

The OP is true but I think it only applies if you invest into new project/coin or if you do a HODL a coin, 20% is enough. But if you're doing a short term investment/trading I think 3%-5% is enough but this is just a recommendation and it doesn't need for you to follow, you can set it more low or more high however the bigger the percentage the higher the risk.

So think before doing any move, there's no turning back and you can't change what will happen so if you really want a profit then go to a secure win or secure profit.

[geegaw]

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

Is not necessary that one should even wait until the price grow to the level of 20 percent and above before one should sell, but advising people to sell when they hit their target point which some times could even be less than that of the 20 percent profit as you rightly mentioned above. And I want advise people not to set high target except you want to hold a long time period.

Well, high goals are also a part of showing the greed of traders, and this is really not an incentive because if we are not satisfied with the relative profit levels, we may regret it in the near future but a sad fact is that many traders do not accept a too low and relative profit level, they always ask too high for profit, set high goals, miss a lot of opportunities. The profit is small but stable and safe while the profit is high but unstable and risky, a very understandable lesson for traders but very few people can learn, profit has made us ignore the basics

[D3m1r4wanti]

daily trading, and with a target that is too far away, if you have the desired results I close the trade and not greedy to continue.

[BigBos]

daily trading, and with a target that is too far away, if you have the desired results I close the trade and not greedy to continue.

greed only brings someone to a great risk, and also a loss. remaining grateful is the opposite of greedy words. in trade, I think that is the main trait that needs to be avoided. always grateful for each benefit we produce will make us avoid greed. maybe having a target will get better.

[Kulkhan]

Yes This Is Very Important  For Trading. When a trader become greedy then that trader must fall in losses. Real traders always avoid greediness. So all traders shoul avoid greediness.          

[Polar91]

daily trading, and with a target that is too far away, if you have the desired results I close the trade and not greedy to continue.

greed only brings someone to a great risk, and also a loss. remaining grateful is the opposite of greedy words. in trade, I think that is the main trait that needs to be avoided. always grateful for each benefit we produce will make us avoid greed. maybe having a target will get better.

Every trader has their own target before they trade; however not of all of them has a back up plan nor uses stop loss. Stop loss is the best thing to use in order to overcome greed. It save a lot of traders; specially newbie traders who's getting influenced by their emotion.

[Aivaryamal]

Small interest will help to create a large capital and if today it was not possible to get them, then do not despair, as the possibility of obtaining additional income today is enough and every day they become safer

[EXtremeAEX]

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

Greed is generally a terrible vice. It will never bring a person anything good. Therefore, from this feeling you need to try to get rid of. It’s better to go slowly and confidently towards your goal than to act impulsively and greedily. So I fully agree with your statement.