When Greed Comes First in Trading, the Result is Bankruptcy

[BitcoinAccepted]

Is there any such thing as positive greed? Because according to the dictionary, (Oxford languages) greed is an intense desire or a selfish want for something such as wealth or power.

Apparently, there is such concept of positive greed. I am also surprised to read an article that talks about how greed can serve a positive purpose for an individual. That strong desire that you have mentioned can be a form of motivation, that push people for better outcomes than what they currently have achieved. However, in different context, its negativity proper just like when we do so much at the expense of others. That being said, we could perhaps use some positive greed in trading, but we must know our limitations and be rational enough in making decisions.

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[molsewid]

Apparently, there is such concept of positive greed. I am also surprised to read an article that talks about how greed can serve a positive purpose for an individual. That strong desire that you have mentioned can be a form of motivation, that push people for better outcomes than what they currently have achieved. However, in different context, its negativity proper just like when we do so much at the expense of others. That being said, we could perhaps use some positive greed in trading, but we must know our limitations and be rational enough in making decisions.

Of all I know about greed is a negative or a meaning that associates with strong emotion to get that certain thing but like what I've said in a negative way. But this time I would going to agree with you mate, greed can be turn into positive depends on how the person would interpret it. Some people are so good to look for a positive thing out of a negative situation.  Though in terms of trading and investment being greedy always look like a drawback of a person but this could be a strong emotion that he wanted to achieve or to get a certain thing that he believes he deserve.

[Woodie]

As far as am concerned, In anything we do if we want to succeed... the elements of greed should never be present, once greed gets the better of us we tend to make wrong choices in trading for example which could cost us a fortune of our hard earned money.
Hence to over come greed we need to learn patience, and generally learn how to read the charts.

[RealMalatesta]

Many people who enter the world of crypto trading start with their greed because they see people who have had great success through crypto trading.
greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.

Are you one of those who have experienced it?

me: yes

This is something that happens in every aspect of our lives, we see things that others have achieved and we would want to achieve the same thing without even knowing how far it took them to be able to achieve such. Due to reasons like this, a lot of people has been misled in the cryptocurrency trading market. They always try to rush things, they don’t even have patience and they don’t take calculated risk at all.

Yeah, you would see newbies who would join the market and they would quickly start investing all their money, forgetting that there are risks that are involved and that they are likely to lose their money in the market. Also when you tell most of them how long it will take them to be able to achieve such feats, they start losing interest immediately, or feel discouraged, because they are looking for a quick means of making that money.

[BuNga_cute]

As far as am concerned, In anything we do if we want to succeed... the elements of greed should never be present, once greed gets the better of us we tend to make wrong choices in trading for example which could cost us a fortune of our hard earned money.
Hence to over come greed we need to learn patience, and generally learn how to read the charts.

Actually everyone must have greed, and we must control it, because greed only makes us worse. Moreover, in trading greed can be a factor for us
to experience losses until our capital runs out, so if this doesn't want to happen to us. We must start practicing self-control so that we are not
obsessed with big profits, because to be able to get rich from trading crypto can not be obtained instantly. We have to be patient to accumulate
the profit that we make, so it does require patience when trading. Then never delay to take profit if the price has gone up, because we want to make
a bigger profit, it only makes us lose the opportunity to make a profit. As I said we need to control our greed, by doing that we can become
successful traders.

[dunfida]

As far as am concerned, In anything we do if we want to succeed... the elements of greed should never be present, once greed gets the better of us we tend to make wrong choices in trading for example which could cost us a fortune of our hard earned money.
Hence to over come greed we need to learn patience, and generally learn how to read the charts.

Actually everyone must have greed, and we must control it, because greed only makes us worse. Moreover, in trading greed can be a factor for us
to experience losses until our capital runs out, so if this doesn't want to happen to us. We must start practicing self-control so that we are not
obsessed with big profits, because to be able to get rich from trading crypto can not be obtained instantly. We have to be patient to accumulate
the profit that we make, so it does require patience when trading. Then never delay to take profit if the price has gone up, because we want to make
a bigger profit, it only makes us lose the opportunity to make a profit. As I said we need to control our greed, by doing that we can become
successful traders.

Greed on the sense that you do able to control it out because this is where it do motivates us to do well or involving into something and been prepared and aware on what we must do but on the time on which it do results on committing mistakes or simply making yourself dumb then this is where it considers that you had lost control.

Dont let this thing to happen if you dont like to mess up your trading career or anything that involves money because if you do let your greed overcome you then you would really be
lost and wont able to think well.

You are dealing with some business or investment on here and its not just right to make those kind of mistakes and treatment.

[Oceat]

As far as am concerned, In anything we do if we want to succeed... the elements of greed should never be present, once greed gets the better of us we tend to make wrong choices in trading for example which could cost us a fortune of our hard earned money.
Hence to over come greed we need to learn patience, and generally learn how to read the charts.

The only way why people are suffering from losses is because of greed or unable to control their self and the awareness of the market is gone, thus, makes them irresponsible for what is going to happens next. Newbies are always depicted that way because of their lack of knowledge when it comes to the market and their greed will always push them to do things that they aren't supposed to be doing.

That's why experience is the best teacher of all time if you want to be a good trader, practice since practice makes perfect in the sense of funds handling and risk management.

[TheUltraElite]

As far as am concerned, In anything we do if we want to succeed... the elements of greed should never be present, once greed gets the better of us we tend to make wrong choices in trading for example which could cost us a fortune of our hard earned money.

Well said, we should not be greedy with anything we gain in life and then only we can be happy and satisfied with what we have. That mental peace is also important and it will be a big reason to keep any person sane during their lifetime.

Hence to over come greed we need to learn patience, and generally learn how to read the charts.

The power to control greed comes with discipline and it is not a tough emotion to control. Some people may be more inclined towards it but I never had a problem with it, however that does not mean others will not face problems.

Even then if someone ends up taking impulsive decisions based on greed, they need to stay away from speculative markets and gambling - because they will end up in a bad situation. Reading charts will not be a thing anymore, they will be placing orders without doing research, something that newbies willing to make a profit end up doing in their early days.

[BitcoinAccepted]

Of all I know about greed is a negative or a meaning that associates with strong emotion to get that certain thing but like what I've said in a negative way. But this time I would going to agree with you mate, greed can be turn into positive depends on how the person would interpret it. Some people are so good to look for a positive thing out of a negative situation.  Though in terms of trading and investment being greedy always look like a drawback of a person but this could be a strong emotion that he wanted to achieve or to get a certain thing that he believes he deserve.

I am glad we have the same understanding regarding this angle for positive greed. Nevertheless, I have nothing more to say beside that I agree with you with regards to trading, greed can be a drawback if it’s not controlled and put into its right place. Sometimes, in life, we tend to overdo what has been given and blessed upon us, without realizing that mere action and mindset is already greed.

[onecall123]

As far as am concerned, In anything we do if we want to succeed... the elements of greed should never be present, once greed gets the better of us we tend to make wrong choices in trading for example which could cost us a fortune of our hard earned money.
Hence to over come greed we need to learn patience, and generally learn how to read the charts.

Actually everyone must have greed, and we must control it, because greed only makes us worse. Moreover, in trading greed can be a factor for us
to experience losses until our capital runs out, so if this doesn't want to happen to us. We must start practicing self-control so that we are not
obsessed with big profits, because to be able to get rich from trading crypto can not be obtained instantly. We have to be patient to accumulate
the profit that we make, so it does require patience when trading. Then never delay to take profit if the price has gone up, because we want to make
a bigger profit, it only makes us lose the opportunity to make a profit. As I said we need to control our greed, by doing that we can become
successful traders.

Stress is not necessary. Take control of your greed and you won't regret it. A Trader's market is not an emotional one. There are times when market movement can make you irrational. Patience is almost always required. Neither bull nor bear markets last forever. Take a deep breath. Learn how to trade and become proficient in the bear market. Study cycles. Learn to play cycles. You will not be rich otherwise. Your actions are determined by your greed, which ultimately determines your success.

[BuNga_cute]

As far as am concerned, In anything we do if we want to succeed... the elements of greed should never be present, once greed gets the better of us we tend to make wrong choices in trading for example which could cost us a fortune of our hard earned money.
Hence to over come greed we need to learn patience, and generally learn how to read the charts.

Actually everyone must have greed, and we must control it, because greed only makes us worse. Moreover, in trading greed can be a factor for us
to experience losses until our capital runs out, so if this doesn't want to happen to us. We must start practicing self-control so that we are not
obsessed with big profits, because to be able to get rich from trading crypto can not be obtained instantly. We have to be patient to accumulate
the profit that we make, so it does require patience when trading. Then never delay to take profit if the price has gone up, because we want to make
a bigger profit, it only makes us lose the opportunity to make a profit. As I said we need to control our greed, by doing that we can become
successful traders.

Stress is not necessary. Take control of your greed and you won't regret it. A Trader's market is not an emotional one. There are times when market movement can make you irrational. Patience is almost always required. Neither bull nor bear markets last forever. Take a deep breath. Learn how to trade and become proficient in the bear market. Study cycles. Learn to play cycles. You will not be rich otherwise. Your actions are determined by your greed, which ultimately determines your success.

Apart from controlling greed, another important thing is that we have to be patient when trading crypto. Because we will face a bear market that
may last for quite a while and we must practice not to panic if we see the market getting worse. We must remember that the crypto market is
very volatile, so suddenly the market can change significantly, we will never know what will happen to the crypto market. But as long as we can
control our greed and can also be patient when trading, everything will work out fine. We will make a profit in the end, it is not easy to be
a successful trader, it requires a fairly long process. Because we really can't generate profits instantly, there must be a process that we go
through first. Then never be satisfied with our trading skills, so never stop learning to continue to improve our trading skills. Because I believe
there will always be new things we can learn, so we must have extensive knowledge to be able to find an effective strategy to generate profit.

[Alisha-k]

Many people who enter the world of crypto trading start with their greed because they see people who have had great success through crypto trading.
greed makes them rush to jump in and start trading without exploring it first. and they lose because of their greed.

Are you one of those who have experienced it?

me: yes

early in my career I went bankrupt because of greed. But in the end it taught me a lesson to be able to control myself from greed and to prioritize common sense.

thanks for reading.
please input criticism or suggestions.

I couldn't help the smiles that popped while reading this, it brought back old memories.
I've been friends with some greedy persons but am glad the learnt their lessons.
Specifically I'll share just 1, I had this friend who would always want to involve her self in whatever I do that yields profits, when I first heard of crypto currency and made up my mind to studying it, she acted busy and decided that when she was done with the program she was hosting at the time, she'll join me, I didn't hear from her again until I had started trading and then when I started making little profits, boom, she wanted to know all about it. Being a good friend that I know I am, I shared the links and recommended places though which I learnt faster to but she never gave any a click, she went ahead and began trading and that was it, she lost almost everything that she used to invest.

Greed is a very bad virtue, it's majorly caused by envy and it'll take one nowhere, if you're interested in something, be bold and patient enough to  make your proper researches before venturing into it.

[stomachgrowls]

Of all I know about greed is a negative or a meaning that associates with strong emotion to get that certain thing but like what I've said in a negative way. But this time I would going to agree with you mate, greed can be turn into positive depends on how the person would interpret it. Some people are so good to look for a positive thing out of a negative situation.  Though in terms of trading and investment being greedy always look like a drawback of a person but this could be a strong emotion that he wanted to achieve or to get a certain thing that he believes he deserve.

I am glad we have the same understanding regarding this angle for positive greed. Nevertheless, I have nothing more to say beside that I agree with you with regards to trading, greed can be a drawback if it’s not controlled and put into its right place. Sometimes, in life, we tend to overdo what has been given and blessed upon us, without realizing that mere action and mindset is already greed.

Not surprisingly on which people would be mainly focusing for it cons rather than on its pro's on which we couldnt really deny that being greedy does have its plus side but it would really be situational.

But in most cases on which being greedy will surely be putting you into big trouble if you dont able to handle it well thats why you should really be wary in regarding to hat.

Dont let your greed control or overcome you on which you should still have that good control in regarding with emotion and mindset so that you could execute out things well.

[palle11]

There is one important thing in trading that just focus on your success and forget the rest of the thing if you are gaining profit then surely sell the coin and do not think that this will rise more and will give you more success. Greed is that thing which can destroy you whole success. So be calm and just wait to get benefit and do not rush to get more profit because as a result of this you will loss your own profit.

if you are gaining profit then surely sell the coin and do not think that this will rise more and will give you more success.

This is true, during the last bull many coins that are down now had ATH but some people may wait and expecting more profit and soon their hopes were disappointed as now those profit are gone and they are complaining. Every bull and bear season is a time for learning. Like it is said buy when price is low and sell when price is high.

[cheezcarls]

This is exactly who I am in my early days of crypto trading. I was so greedy, being brainwashed by hype and opinions of others. In the end, I’ve learned my lesson the hard way in which I’ve experienced big losses due to my greediness and not doing my own research along with the lack of managing risks. It’s something that I would never forget, but I had to move on despite the losses.

But I’m just thankful that I didn’t end up getting bankrupt, as I slowly learn how to limit and control my finances.

[gabbie2010]

Of all I know about greed is a negative or a meaning that associates with strong emotion to get that certain thing but like what I've said in a negative way. But this time I would going to agree with you mate, greed can be turn into positive depends on how the person would interpret it. Some people are so good to look for a positive thing out of a negative situation.  Though in terms of trading and investment being greedy always look like a drawback of a person but this could be a strong emotion that he wanted to achieve or to get a certain thing that he believes he deserve.

I am glad we have the same understanding regarding this angle for positive greed. Nevertheless, I have nothing more to say beside that I agree with you with regards to trading, greed can be a drawback if it’s not controlled and put into its right place. Sometimes, in life, we tend to overdo what has been given and blessed upon us, without realizing that mere action and mindset is already greed.

Honestly I was once greedy when I started crypto trading, I have been in a trade that move in my favor thus earned some reasonable amount of profits, instead of closing my trade and lock in my profits or use a trailing stop to avoid losing all my profits, I left the trade hoping to earn more profits, Lo and Behold price reversal occurred consequently ended up losing all my profits due to greediness, to make matter worse I got liquidated, luckily I started trading with amount of fund I can afford to lose, however I had learnt a great lesson to take profits appropriately at a certain percentage and stop trading.

[blockman]

This is true, during the last bull many coins that are down now had ATH but some people may wait and expecting more profit and soon their hopes were disappointed as now those profit are gone and they are complaining. Every bull and bear season is a time for learning. Like it is said buy when price is low and sell when price is high.

And every bull and bear is different. This is what I've experienced for every bull and bear market that I've been with. Those altcoins that I've waited and thought that they'll be having a great deal when the market is bullish again, I expected the wrong coins.
The coins that have made their run during this bull run were mostly different than those in the past. Well, the learning continues and this won't stop and even we're at profit, it shall continue no matter what the market is looking like. One learning I've applied is to take profit from bitcoin and I just did that during this bull run although in the mid and close to the ceiling price of it.