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Author Topic: The greedy must be poor  (Read 646 times)
FulxilCoris
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September 27, 2021, 09:57:09 PM
 #121

I agree with you on this if we invest in a certain coin and have hit our profit target and greed increases so we can't sell and always think the price will get higher. But in fact, for that reason, I always force myself to ignore the best prices to sell to make a profit for myself. And myself I have known this for a long time, but I have also fallen victim to greed. Greed is where day traders on the floor become losers.

Kasabus
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September 27, 2021, 10:11:08 PM
 #122

I agree with you on this if we invest in a certain coin and have hit our profit target and greed increases so we can't sell and always think the price will get higher. But in fact, for that reason, I always force myself to ignore the best prices to sell to make a profit for myself. And myself I have known this for a long time, but I have also fallen victim to greed. Greed is where day traders on the floor become losers.
Greed will always be around us so it will become harder for us to controlled it. But if you are an experienced trader, i know you will not fall into that greed most of the time because you know already that prices won't stay on top at a long duration. Only newbies have troubles in controlling their greed since they always think that once the price is already in a high price, it will even go up higher, expecting more huge profits to come. But the market is not like that. There will always be price fluctuations when we least expect it so prices will definitely fall back. If we become more greedy, then there will be more chances of losing that will definitely make us poor in the end. Well, greed does not literally mean that it will pull you down making you poorer, sometimes it will also push you into more profits that will make you instantly rich.

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sherenikaw
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September 27, 2021, 10:15:58 PM
 #123

it's normal that someone would expect the highest price for their coin. we cannot control the crypto market but we can control our emotions not to rush in selling or buying coins. That's why investing in crypto, whether it's short term or long term, we must be able to manage it well in order to avoid losses and earn the profits. failure in invest can be a race in the future to be more careful and alert to the crypto market. It is not easy to be able to face this ups and downs in the crypto market, so it takes a strong mentality too.

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