Greed is bringing loss for traders

[Danda23]

You are correct, most times as traders when we see profit, we keep hoping that the percentage profit will increase instead of taking profit, we keep holding for more increase, before you know it, it is back to a loss. So Traders should learn to be satisfied with little profit instead of loosing capital.

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[edmundo]

As do in all things. Greed has continued to be a bane to every human and has certainly led to lots of regrets and had I knows on the part of the traders. Sometimes, the greed of wanting more from a trade could lead to a complete loss of a winning trade. Instead of taking profits, traders will want to wait a little bit for more, this often times, lead to an abrupt market reversal and losses in the process leaving you completely shattered.

[Indrawan77]

Well greed is the in each human blood, so you need have self control in doing anything, in trading the first thing to have is the self control, greed has been causing people that already win become losing money, greed can cause people judgment become clouded and hoping for unreal things, if you still doing trading with greed one day you will lose all of your money

[Duzter]

Greed gets accompanied with each and every user. With traders this isn't the reality but at times the market moves make them get into greed. One such that I experienced is during the bull market of 2017. By that time none expected such a growth and further on reaching that expected big and kept hold of the same. This caused big loss as price suddenly started to fall off.

[betty11]

This is true, although it's synonymous to most traders, and it's something that has to do with human insatiable nature. Although with proper discipline and emotional management, this can be handled.

[tarable]

that's true because the problem is that there are already lots of examples of greedy people who often get losses because in any trade or work don't ever use greed if you want to succeed

[bustedsynx]

On the contrary, greed is good. It is the motivator for everyone to buy a coin. Without it, no one would risk losing one's savings. The problem with how we handle greed is losing perspective and let our emotions cloud our judgement and reality.

[TheClownSong]

On the contrary, greed is good. It is the motivator for everyone to buy a coin. Without it, no one would risk losing one's savings. The problem with how we handle greed is losing perspective and let our emotions cloud our judgement and reality.

Indeed, sometimes greed is good in investment field. When others fear, its time to be greed, thats warren buffet said. I think not all greed is bad, its depend on the situation. Peoples who buying bitcoin at $3300 must be enjoying big profits right now and perhaps they want more and i dont think its a greed

[leetcoiner]

On the contrary, greed is good. It is the motivator for everyone to buy a coin. Without it, no one would risk losing one's savings. The problem with how we handle greed is losing perspective and let our emotions cloud our judgement and reality.

Indeed, sometimes greed is good in investment field. When others fear, its time to be greed, thats warren buffet said. I think not all greed is bad, its depend on the situation. Peoples who buying bitcoin at $3300 must be enjoying big profits right now and perhaps they want more and i dont think its a greed

I agree. It is greed that drives us when we are in the world of cryptocurrencies. Because people by nature are all very self-serving and greedy. Namely, these feelings give impetus to do everything to earn more and more.

[Naughty Princess]

You are correct, most times as traders when we see profit, we keep hoping that the percentage profit will increase instead of taking profit, we keep holding for more increase, before you know it, it is back to a loss. So Traders should learn to be satisfied with little profit instead of loosing capital.

I agree. You have to know limitations for you not to lose because when you are gaining, you keep to take risk because of eagerness to have more and when once lose, you keep want to turn it back though it keeps you lose more than you win on the second time around. You have to be satisfy on small profit , do not hold much because the market today having small pumps and big dumps.

[jaywizzy]

The major reason why most of the investors are greed is because they believe that cryptocurrency is a business where you can become a millionaire over night.

[Caladonian]

On the contrary, greed is good. It is the motivator for everyone to buy a coin. Without it, no one would risk losing one's savings. The problem with how we handle greed is losing perspective and let our emotions cloud our judgement and reality.

Indeed, sometimes greed is good in investment field. When others fear, its time to be greed, thats warren buffet said. I think not all greed is bad, its depend on the situation. Peoples who buying bitcoin at $3300 must be enjoying big profits right now and perhaps they want more and i dont think its a greed

I agree. It is greed that drives us when we are in the world of cryptocurrencies. Because people by nature are all very self-serving and greedy. Namely, these feelings give impetus to do everything to earn more and more.

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But also there's times when greediness become  a powerful piece of success, those who are in wealth are greedy people who able to achieve goals
it's all about how will you execute and how you master your skills in order to favored your investment, without knowledge everything will be fallen
a part, you have to add good understanding about things that you'll gonna hold on in order to have a better outcome benefits.

[ned.ryerson]

The major reason why most of the investors are greed is because they believe that cryptocurrency is a business where you can become a millionaire over night.

people think so because there have already been such cases. but now the market has changed and this will not happen, but people still believe

[talkbitcoin]

greed is in all of us and there is noone who could claim they are not affected by greed specially when they are trading and there is a lot of money involved.
the thing that makes the biggest difference among different people is what they do with this flaw and how they control it. a successful trader is someone who doesn't let his decisions be clouded by his greed and instead focuses on the reality and analysis of the market. but a losing trader is someone who is a bag holder instead of letting go of altcoins that continue to drop.

[Mcmich]

Greed kills so many in crypto not just the traders. I know of a guy who only wants to go into trading of coins on low cap believing their pump will get him millions. Meanwhile, there are other ones he can trade on and confidently make like $10 gain. That's too little for him but I call that greed.

[Pffrt]

There's a time when to hold or when to trade. If you are having 20%+ return on one day or two, I would never suggest you to hold on. Sell it and take your profit. Recently I have taken my best decision on ETH. I decided to sell despite many suggested to hodl for more profit. Now, price is decreasing and I can buy mire eth.

[Yemolou]

The last place where you should be greedy is the crypto currencies market. You should always know where to buy an altcoin and on which point to sell it. It is extremely important for the heath and the size of your portfolio.

[Jericka D Ranillo]

Yes it was, for me getting within 10% to 20% gain is enough profit. Dont be to greedy while trading it really kills your techniques. When there is a hype then go and right away then sell. Dont hold too long because thats normal cycle of crypto currency. Be professional dont be a kid anymore

[Nasonn]

Greed has cost a lot of us. Many of us would have done things differently if given the opportunity again. Many times you could have taken 5% or 10% profit but instead choose to hold and in the process get rekt.

[shiming]

Greed is always accompanied by encryption. Maybe when we are no longer greedy, then we will no longer be new and will no longer be affected by market volatility. At that time I thought we would succeed.