Greed is bringing loss for traders

[entebah]

Yes look like OP opinions is right. Greed is the one of reason for lose fund on trading. Especially new traders are mostly doing this mistake. I think it's enough to exit from trade once you already have 10-30% profit. Who know when it will dump again. So if you sold on this profit then at least you will not be on lose even you are not able to get high profit if in case bump again. On the other hand you can enter another trade once you will exit for one trade. So it's better to avoid much expectation and gree on crypto trading.

True, a trader who is still a beginner will definitely have a greedy nature, that is the reality. Because I myself experienced this, and made me lose some of my money due to that greed, so if you don't want to lose money, then stop that greed.

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[shesheboy]

This is definitely greed that will make losses and disasters for traders, we must be careful in trading not to get caught up in a situation that would destroy us

Greed can make a trader loose but for others that are not greedy , they still experience to loose because of wrong coin choice and bad decision making  but loosing is a good way to reliaze your mistakes  . this can change you to become a good and succesful trader in the long run  .

it would be better to trade wisely and honestly even though the results are not as we expected

Trading wisely is a must but i dont think that honesty can help you win your trades  .  accepting your loss is good and it makes you more professional  but take time to learn from your mistakes so that you wont be loosing again on your next trading seesion .

[sammyp]

This greed comes as part of the human nature. We always set a target like 10% and then we make it, then we think we should make it 30%, then we get that achieved and then we think we are good traders and that all odds are in our favor. So we keep waiting for more and more until everything gets out of hand. We need to train ourselves to be content with what profits we make and should not be like Oliver Twist by wanting more and more.

[michellee]

Greed only makes us getting lost in many times. That's why we need to control our greed, so it doesn't give us a problem to get a profit. Greed is fine when you can realize how much profit you need to take, but greed is not good because you will lose the opportunity to make a profit. We already have seen or had the experience of greed, and if we cannot control the greediness, then we cannot make a profit too.

[Fammosh82]

Greed has most certainly appeared a lot of times in the financial market and one time was when the dot com bubble came about. Traders bought more and more stocks, and this inflated the price of them by a huge amount. Everything then came crashing back down and this led to a huge disaster for a lot of traders. Another example of this is actually with Bitcoin. Traders need to have some kind of trading plan in place as much as possible. This will help them to avoid any kind of emotional damage. You also need to try and stop removing stops, doubling down and even overleveraging.

[kisfoxs]

This has become human nature and which in my opinion makes perfect sense. But we must be able to take advantage of every opportunity that exists and not easily panic. When prices have gone up and made a profit, it's better to sell immediately. Then the advantage is to buy another coin.

[cepot9]

greed can destroy everyone even a good project can be ruined because their dev is greedy, so everyone should be aware that seeing the current situation is a dangerous thing that causes harm

[bilal_jan321]

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

This is human nature and it holds true in every trading market. Traders set their goals but when they see the price of there coins going up they HODL in the greed of more profit and end up losing money and cursing coins. Nobody can cure this disease except you.

[corrado25]

Well, this is really a problem in the greed of some traders. But because they do not know how to trade. if they had the experience of trading then they would know the point about where to close their positions in the plus. as I have already said in order to know where to close the position you need to have experience in trading. If you are already so greedy and expect more profits then close at least half of your position. Fix at least half the profit

[styca]

It's something that a lot of us have done, myself included... Watch a coin go high, then be greedy and hold for too long as it drops back down again. The only way to improve is to analyse our own mistakes to try to help us make better decisions in future.

[martina14]

Being greedy is one of the best attitude you can have on this cryptocurrency.
You need the greed to haev a big success but also, if you will let that attitude go along it will make you lose.
GREED must have the right knowledge, if you will combine them you will succeed here. crypto is pure of knowledge which we should harvest and use to gain.

[concitta]

It's something that a lot of us have done, myself included... Watch a coin go high, then be greedy and hold for too long as it drops back down again. The only way to improve is to analyse our own mistakes to try to help us make better decisions in future.

so if you already have enough profit, even though it's not too big you have to sell it quickly and don't wait too long to get a bigger profit.
someone's greed will be dangerous so you don't need to be too greedy for profit.

[TheClownSong]

Being greedy is one of the best attitude you can have on this cryptocurrency.
You need the greed to haev a big success but also, if you will let that attitude go along it will make you lose.
GREED must have the right knowledge, if you will combine them you will succeed here. crypto is pure of knowledge which we should harvest and use to gain.

Knowledge will lead to success and there is nothing wrong with greed in any investment market. With knowledge, we can maintain our emotion and psychology facing price fluctuation and with knowledge, we can make big profits from bear market and i think its not a greed but its a smart move

[freedomgo]

It's something that a lot of us have done, myself included... Watch a coin go high, then be greedy and hold for too long as it drops back down again. The only way to improve is to analyse our own mistakes to try to help us make better decisions in future.

Agreed on that, learn by analyzing your mistakes and you will improve that way.
Greed is cause by lack of planning and being weak emotionally, if you have a proper plan and you will be able to initiate it, there's not way you will be greedy.

[asus09]

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

human nature
I think everyone has a side like that, so it's only natural especially those who have no experience in crypto trading and trading. high profits make many people try to pit their fortunes in this industry as it did in 2017. I don't think there is anything that can prevent natural human nature

[ethereumhunter]

It's something that a lot of us have done, myself included... Watch a coin go high, then be greedy and hold for too long as it drops back down again. The only way to improve is to analyse our own mistakes to try to help us make better decisions in future.

I have those experience too, and it makes me cannot get my profit. I realize that having greediness will not help us to gain profit. We are too late to realize the coin price is down because we were expected to see the price increase and reach the price we want. But unfortunately, we miss something that in the crypto trading, there are so many possibilities that could happen in the next minute. So if we still have greediness, then we are too late to make the profit.

[innocentone]

I think the thing that must be done in order to reduce the greed of investors is put a goal that should be mandatory done. If you set your goal that you are selling at price $30 for example, you should sell it for 30$ and not wait for a long time more.

[kangkilokang]

I think the thing that must be done in order to reduce the greed of investors is put a goal that should be mandatory done. If you set your goal that you are selling at price $30 for example, you should sell it for 30$ and not wait for a long time more.

get profit, yes traders will definitely want to make a lot of profit, but if it's too much and the longer you wait you can lose because of market movements that can change anytime quickly.
You have to have profit expectations but not too big, if you make a profit, you have to sell it quickly, afraid the market will drop again and you will lose everything.

[reynald70]

I think the thing that must be done in order to reduce the greed of investors is put a goal that should be mandatory done. If you set your goal that you are selling at price $30 for example, you should sell it for 30$ and not wait for a long time more.

get profit, yes traders will definitely want to make a lot of profit, but if it's too much and the longer you wait you can lose because of market movements that can change anytime quickly.
You have to have profit expectations but not too big, if you make a profit, you have to sell it quickly, afraid the market will drop again and you will lose everything.

Yes, we must make a plan when we are going to trade, if the price is going up and we see that there has been a profit, then we have to sell it as soon as possible. Because we don't know where prices will go after that. So that our funds will be safe at all times if playing safe and not greedy.

[Rogkim1]

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

Cryptocurrencies have a high yield, but it carries high risks. This should be understood by everyone who wants to invest or trade in cryptocurrencies. Want less risk - carry your money at 1% per annum on a deposit in the bank.