Don't be Emotional, Don't be Greedy

[globalpain]

I was once greedy, I was also ambitious if I would have a lot of money but in the end I lost a lot of money because of that greed
now I agree with what the OP said because it is a wise sentence and should be done by everyone. it is not easy to do that but we must try not to regret it

Everyone has experienced it to act wrong and not think before doing what they want. I've also done that kind of mistake without thinking before doing it.

emotional and greedy in trading are things that are often found in a trader,
but this is what makes traders stronger if they succeed in overcoming these two vices, greed and emotions will teach us to be more careful in trading,
even though it is very difficult to get rid of them I believe that by trying hard, these two vices will disappear.

[BITCOIN4X]

In crypto Industry, we should always learn about the mistakes made us, every beginner will be greedy when they enter into the market and lose a lot of money based on that greedy. Of course, our experience will give confidence and started learning about technology and started controlling his emotions based on the money he has.

The desire to get bigger profits is certainly one of the desires of most traders. I don't think that greed is forbidden for experienced traders, but greed can increase traders to ignore the risks that may occur and therefore greed may be one of the factors that can cause a trader to lose heavily in trading.

Capital management, risk management and emotional management are 3 things that a trader must always apply and must always be controlled properly in my opinion.

[Debonaire217]

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.

Our emotions will lead us to wrong decisions which will put our money in danger because the more that we let our emotions carry us, the more it will results to loose money. Don't get too excited when you are trading. Control your emotions for you to make a better decisions.

[ropyu1978]

Both problem faced by trader right now with emotional where they will hold when getting price is up but always sell when price have going down not get risk to sell before price dump. I ever hold when raise profit more than 30% because I believe will going up again although price down and make panic for selling with lower price, can't control emotion and look greedy this happening on my trader right now and hard to get profit more in bitcoin or altcoin trading.

[Psynthax]

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.

changing the coins we want to invest in is very good, focusing on one coin alone will not bring you more profit.  Just imagine if you have been profitable from HODL Bitcoin for this year then you sell your OIN then buy ETH (example) then ETH is bullish and touches ATH, you've made a good decision..

That depends actually, if the altcoins you're holding on is some shitty altcoin with no future prospect whatsoever then it's better to just exchange it to more prospective higher market cap coins which usually guarantee that there's gonna be good things happening simlpy because if the bearish market happens, these major alts will have a high chance to be the least affected

[inanilujimi]

sometimes it is better to focus on one correct project than to find information about many new projects that are not necessarily true.
if we focus in my opinion there is nothing wrong with as long as we believe in the superiority of the project, sometimes the market cannot go according to our wishes which may not continue to be profitable.

[Sithara007]

sometimes it is better to focus on one correct project than to find information about many new projects that are not necessarily true.
if we focus in my opinion there is nothing wrong with as long as we believe in the superiority of the project, sometimes the market cannot go according to our wishes which may not continue to be profitable.

Completely agree with this. Back in 2018, I was holding 3-4 dozen different tokens and it was getting really difficult to manage. Not just the storage was complicated, but also it was quite tedious to track the information regarding all these projects. By mid-2018, I decided to concentrate on just 5-6 projects and got rid of the remaining ones. It was one of the best investment decisions that I ever made.

[iTradeChips]

yes right, your advice is true. Don't ever think we have to take big profits because the market situation is improving again. Since anything you do without common sense is bad for you, this is true in the world of crypto trading too

Yes, common sense must always exist in every job, because common sense is also included in logical thinking when doing a job, so if someone is thinking logically, then he will experience very bad things.

Well, greed most of the time, if not all the time, led to people sometimes making bad decisions that would make the person lose most if not all of his hard earned cash. We need to see that greed needs to be checked and that greed needs to be eliminated from the human psyche, because it affects people not just in investing in cryptocurrencies, but also in their everyday decisions and all other facets of life. Be wary and observe control always and not succumb to primal lust for power and wealth.

[AssociatesBumble579]

In this most unpredicted market taking perfect decision at the perfect time is most important. Most of the coin price is pumped up. If you are a holder then you have to take proper decision at the proper time. If you think you will hold your coins to make more profit then it can be your wrong decision sometime.

[mirakal]

In this most unpredicted market taking perfect decision at the perfect time is most important. Most of the coin price is pumped up. If you are a holder then you have to take proper decision at the proper time. If you think you will hold your coins to make more profit then it can be your wrong decision sometime.

Actually it is not a matter of right or wrong in making a decision while holding a coin, but most people don't know when the right time comes, so some of them experience mistakes when making decisions and it's not something they make on purpose.

Exactly, if we only know then we can all make a right decision and we can make easy money, the fact that the market is very much unpredictable, this would lead to wrong decision by some people as sometimes people do follow the FOMO and the FUD, so that's their emotion playing there instead of carefully evaluating the situation using some good analysis.

[ije07]

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.

Our emotions will lead us to wrong decisions which will put our money in danger because the more that we let our emotions carry us, the more it will results to loose money. Don't get too excited when you are trading. Control your emotions for you to make a better decisions.

Yes it is true, trading is not as easy as we hoped and risky too especially if you have no prior experience with trading. people often suffer losses because most of them cannot control their emotional attitudes, are too greedy to get more profits and cannot manage their finances properly.

[ropyu1978]

In this most unpredicted market taking perfect decision at the perfect time is most important. Most of the coin price is pumped up. If you are a holder then you have to take proper decision at the proper time. If you think you will hold your coins to make more profit then it can be your wrong decision sometime.

Actually it is not a matter of right or wrong in making a decision while holding a coin, but most people don't know when the right time comes, so some of them experience mistakes when making decisions and it's not something they make on purpose.

unfortunately many new traders are like that, they don't know the right time to buy coins and make themselves wrong sometimes buying altcoins that have no potential so that it will only make themselves trapped in altcoins that don't have good movements and only lose losses.

Many trader wrong time when buy coin, many of them buy when coin have raise to higher price and late price going down, exactly they will buy on the top price then sell when have lower price, need change mind about when have to buy or sell coin, never panic when seeing coin have raise higher need waiting for correction moment because not always coin support with higher price. Wait fed day later price will dump and you need to buy it.

[Miaallen]

Greed is a major liability in the Cryptocurrency investment just as much as fear. One should be able to sometimes take time to diversify his investments from projects to projects after a certain level of profits has been attained.

[Ryushin]

Greed, fear and emotions are something we can't remove completely from our lives, all these can become a tool to succeed or fail but if we use them right it could favour, buying bitcoin at 3500$ in March 2020 can be called greed because at that time people are selling cos of pandemic, all those who buy are now winners, been greedy when others are fearful is a  smart move, this is an example of using greed at the right time

[Francis Freeman]

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.

So in other words you mean people should buy low and sell high ?

Haha , joke apart . If any investor can control greed and fear then he will turn out to be a profitable investor. But it's so tough to do that and it takes practice.

[ropyu1978]

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.

So in other words you mean people should buy low and sell high ?

Haha , joke apart . If any investor can control greed and fear then he will turn out to be a profitable investor. But it's so tough to do that and it takes practice.

I ever loss all because emotional some time with future trading you can feel. when your position loss more than 30% you keep holding and never get stop loss this big mistake because any coin will have different way with your prediction and you will loss more. I thing emotion control is most important with trading spot or future in cryptocurrency and next time will be more careful when beginning with trade.

[maculeth]

in theory it is, but the reality of the market is sometimes difficult to predict. And the thing that can be done is, when the market really goes down, it doesn't matter if we buy in large quantities. then when the market goes up, there is an opportunity to sell everything.

[Hovarda]

thats right. Googles this market can cause you to lose all your money. You must know how to stand in a good profit. the same applies to damage. Especially beginners should pay attention.

[FIFA worldcup]

we know trading in crypto has a high enough risk, a wise investor will know that when he wants to take big profits there must be big losses too, sometimes the market price cannot be predicted, for example many people say the bitcoin price will touch $20,000 at the time bitcoin $12,000 last October 2020, and in fact the price of bitcoin currently exceeds expectations, which is $40,000, we also have to know which projects have good potential for the future or not

We should not predict the top and bottom prices of bitcoin if we are in trading. We should carefully monitor the price on daily basis with trading analysis and   also on-chain analysis to take action according to the situation. Also we should not hold the coins with the greed to get more profit.

[Dr.Osh]

in theory it is, but the reality of the market is sometimes difficult to predict. And the thing that can be done is, when the market really goes down, it doesn't matter if we buy in large quantities. then when the market goes up, there is an opportunity to sell everything.

Even today, do we look like impatient people by buying and holding our assets? however, when the price is high like this, it is quite difficult for me to hold the asset because the price is already very high, and when it falls, it could be that other altcoin prices also fall. however, clear thinking is needed for the time being. I just learned that when you get emotional in making decisions, the benefits you get will not be maximized.