Don't be Emotional, Don't be Greedy

[Tomtomwole]

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.

[Periodik]

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.

Sometimes we are a failure in controlling our emotions. This is like a hard challenge for everyone. When the price is at the bottom our plan is just to get in and wait for the price to rise a little and realize a moderate profit. But when the price is already at the very point where we should already be selling, that's the time we suddenly decide that we want more and then we forget the target selling price and wait for more pump. Sometimes we end up caught by a correction or the dump that we ended up waiting for another pump in order to make a little profit.

[aysha9853]

taking advantage of opportunities right now is also pretty good, your advice about emotions is also very useful, but it all depends on the situation and conditions using the funds to choose a really serious project

[bitbollo]

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.

if you are searching just the profit, a pure speculation it's ok, you don't want take part of this "revolution" .
if you're investing in some new project, shitcoins etc etc well this sound like gambling but it's always a strategy with an high possibility of loss.

I am holding some btc since some years and I think that a "good coin" must be preserved in portfolio for a long term.
Despite I have a good profit accrued from several years of trading or investment I will not sell my coins or cash-out since I am feeling more secure to store value in btc then FIAT currency .

[Dariusburst]

Thanks for the advice OP, I'm sure that those who got caught in 2017 won't repeat same mistake again but what about newbies? When I was a newbie my greediness was so high that i care less about few profits, I aimed too high until everything came crashing on my head, my point is not everyone will be able to control their greed until they make mistakes, once bitten is twice shy they say

[btc_angela]

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.

I agree, but the big question is when to take profits? When one should sell, we don't know the peak price of a certain coin so it's hard to sell. So it depends on the individual itself, let's say bitcoin for example, will someone sell when it reaches $20k? or wait till it met a new all time high?

So it will also be a calculated risk, there was even one thread in which someone is bitching around selling bitcoin around $14k and now look at where the price is. So we need to factor everything first and think logically, or probably just sell at least 50% of your stash and then see how it goes.

[Anonylz]

By doing this there is a chance of missing out on a very good project because we always want to sell immediately and run away without given the project a chance to develop prove their worth,
Am not against profit taking, hell I love to take profit, but sometimes we have to look at the bigger picture, especially when it seems that project really got what it takes to be big in the near future,
Look at some project launched 4 to 5 years back that are trading above $20 and imagine the launch price and current price, those who take profit long ago can only look back and wish they didn't.

[mirakal]

We will certainly be relax this time, lol..

For me, I have learned a lot in the lasts bull run and one big thing I learned is to stay cool, continue to initiate the plan and don't be greedy.
Be smart all the time, put your emotion behind and always make a decision according to your plan.

the bull run is just around the corner but it could also be a trap, so at least consider that possibility as well.

[mamesso]

Greed will make us lose everything, some people can't control their emotions when the bullrun comes, so they forget how to build a portfolio properly. No one can predict the Cryptocurrency market, so we need a strategy to balance the risk of loss when building new ATH. And what needs to be underlined is never to put all your eggs in one basket, because if the basket falls, all the eggs will break.

[KnightElite]

Actually we can control our greed and fear if we know what we are doing wherein we have a plan when to enter and when to sell it. A lot of traders are mistaking that managing enotions are not important wherein they think it is just a waste of time and for me it is the reason why they are not earning money in the market. The market is current uptrend where the dominant emotion is greed and it resulted to the increase of some cryptocurrencies. Being greedy is not bad as long as we are aware on what we are doing and we are not controlling by our own greed. By creating a good planning when we are executing our trades, we can have discipline and we can create good decisions that can help us to make gains in our investments.

[escalante28]

Entering the month of October the market went hype already in terms of Bitcoin price and it went more hype this month as it followed by Ethereum, XRP, and other Altcoins in the market. Some traders can't take profit hoping it will go up more and some are taking profit already when it's just started to go up. And here emotional traders will affect their decision and also those greedy ones. Be careful and take it all in balance so you won't lose in the end.

[isaac_clarke22]

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.

Easier said than done.
Emotional control is quite hard actually and I believe that even the professionals are struggling with it still.
You know when it is profit you'll surely be happy and the factor that ruins your patience to hold a bit more is that you get flashbacks from the past time that you had your FOMO.

[Skadi360]

Making business should not be mixed by emotions, the goal is to make profit not to attach feelings. More importantly, trading in crypto with its volatility. We should think about what's the best move to make not just blindly go with the hype, it will only cloud your decisions. And being greedy is one thing, a trader should know when to sell, yes it takes experience but it will be surely helpful in the long run.

[smyslov]

Sometimes its hard to know the right time to sell and the right time to buy, be moderate in your profit if you are moderate you will not go for big profit and you can cut your losses, it's ok to not sell when you want to that does not mean you are greedy for more profit, it's just that you believe in the power of HODL and you trust the project not to dump the coin.

[Twinkledoe]

Greed is human nature so we can't avoid such behaviour especially if you are chasing high profits. If you are so deep in trading, you can't avoid being emotional. But from time to time, you need to contemplate on what's going on so you can keep track of your goals and not be stuck on a specific situation.

Making business should not be mixed by emotions, the goal is to make profit not to attach feelings. More importantly, trading in crypto with its volatility. We should think about what's the best move to make not just blindly go with the hype, it will only cloud your decisions. And being greedy is one thing, a trader should know when to sell, yes it takes experience but it will be surely helpful in the long run.

Riding the hype is usually the common mistake of crypto users. Because most of the time you will be trap in a hype and ending up holder of worthless tokens or coins.

[Akiko]

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.

As long as you think it's time to take the profit do it don't ever feel regret when you are selling any cryto currency you own because you want to earn more. That is the reason why many people lose money in trading, many seek to earn more and are not satisfied with their profit which is actually enough to be called a good trade.

[dainoran]

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.

As long as you think it's time to take the profit do it don't ever feel regret when you are selling any cryto currency you own because you want to earn more. That is the reason why many people lose money in trading, many seek to earn more and are not satisfied with their profit which is actually enough to be called a good trade.

agreed. i always take my profit from bullish market. i don't care if it's a big or low profit. i don't want to be greedy, because i've experienced it once in the past and i still regreted it. i miss a chance to take some profit because of my greedy. the chance won't come twice. so, now i prefer take my profit immediately when i get my profit from trading or bullish market.

[Kvalentine]

It's not too late to invest on bitcoin as per the present chart, every pro traders are still bullish on bitcoin right now, I believe that 20k is very much possible, as for altcoins there isn't very much percentage in price surge so there is still enough time to get in before altcoin season, don't forget to have a price target, many don't have one that why they get rekt in 2017, have a aim and sell when the aim is reached

[plr]

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.

You can't stop people from being emotional when they see their profits because they consider this as an achievement from their long wait from their patience, I also have some coins I bought and at $15 marks and looking to sell half of it when Bitcoin hot an all-time high.  

[1l1l11ll1l]

Emotion and greed are one of the things that make trading or investing chaotic,
I have experienced this, when the price has gone up and I am still not satisfied,
the result is that I only lose because the price suddenly dumps, you must be dont be greedy.

Actually, this is one of human nature to continue to want to make a profit, but we also have to be aware that it can lead to losses. try to be patient and also look for the right momentum, how can we adjust the situation to the investment we have, so that we can get the appropriate profit