Greed when trading

[nara1892]

Experience is the best teacher in all fields including in the field of trading. If with the experience that has been gained you still can't control yourself over the unconscious surrender, then there is nothing that can change you into a successful trader even though the measure of success in question is only a general scope.
Trading is not always profitable. When making a profit, there are times when the strategy used must be adopted according to the circumstances.

Adjusting certain conditions when you want to trade is also very important for traders who are already professional at this time because they all must also understand that not every time trading must be carried out by them. Because there are certain times when they have to stop for a moment before continuing their activities because every trader must also continue to understand market trends whose changes are sometimes difficult to predict as has happened in the last two days on Bitcoin in the market.

Of course, that is how the approach should be applied in trading, or what is meant before executing the market a trader must first see the market situation and analyze it, I also always do that when it is time for me to trade by looking at the market situation first, and if I see a moment that matches the strategy I have then that's where I will open a trade, and sometimes when it's time for me to enter the market according to the schedule I have set but the market does not give any indication that matches the strategy I have which in the end I prefer to postpone the session and exit without making any trades at all, actually I could force the situation but of course it would be very risky if you open a trade at a moment that does not match the strategy I have. If you are a trader then I am sure you will understand what I am saying, my friend, or maybe you have experienced the same thing.

[irhact]

Being able to handle greed is something personal and you should not wait for a mentor to guide you or set you back on the right track when greed sets in for you. I have seen some traders that preach for greed me those type of traders are swing traders. The rules of swing trading is that you should be greedy in order to get a lot of profits because a new set up will be hard to get in as a trader. If you’re new to trading , focus on how to control your greed because it’ll make you lose a lot of money if you don’t trade with caution and allow greed to control you all the time.

There's no way a mentor can help you to manage your greed perfectly if you're the greedy type, you're the only one that can help yourself as if you're with them, you can pretend that you're not more greedy but when you are alone in your house, the greed is going to come back and it'll make you to begin to make very wrong choices. Controling your emotions can be achieved by being a very disciplined individual. Traders have to be disciplined or they won't make profits. Starting a trade and ending should be done based on your analysis and not by emotions. Don't give one more minute to the market or that one minute might turn to more minutes that causes you to lose.

[hyudien]

Being able to handle greed is something personal and you should not wait for a mentor to guide you or set you back on the right track when greed sets in for you. I have seen some traders that preach for greed me those type of traders are swing traders. The rules of swing trading is that you should be greedy in order to get a lot of profits because a new set up will be hard to get in as a trader. If you’re new to trading , focus on how to control your greed because it’ll make you lose a lot of money if you don’t trade with caution and allow greed to control you all the time.

There's no way a mentor can help you to manage your greed perfectly if you're the greedy type, you're the only one that can help yourself as if you're with them, you can pretend that you're not more greedy but when you are alone in your house, the greed is going to come back and it'll make you to begin to make very wrong choices. Controling your emotions can be achieved by being a very disciplined individual. Traders have to be disciplined or they won't make profits. Starting a trade and ending should be done based on your analysis and not by emotions. Don't give one more minute to the market or that one minute might turn to more minutes that causes you to lose.

A mentor can only remind that someone should not be greedy in trading, when a mentor has reminded then all decisions are in each individual, whether they will remember enough and do what a mentor says, or they ignore it and eventually they become greedy every time they trade.
You are right this will return to each of us because the one who understands ourselves best is ourselves, we cannot expect others to understand what we think. Maybe we can ask for advice and so on, but when it comes to decisions then everything will be in our own hands, yes even if it is something wrong.

[Sebas.tian]

People have different learning phase some of the people doesn't know how to make a trade like they are totally zero from the world of trading and of course you dont want to lose your money instantly reason why they hire some coaches just to heads them up about the basics and also there are some learners came from their experiences which is quite more expensive than usual because you are doing a trial and error but now tons of features offering like paper trades just people come up to learn basic fundamentals of trading. Time goes by you will learn techniques and strategies.

It will be difficult for all the traders to have the same strategy to trade their crypto, because there are different mentors that is mentoring new traders which is the reason you keep seeing some greed traders in the market. What make  new traders to take their decision to trade on their own knowledge in the process of learning, it will make them not to trade to make income when others traders are trading to make income, because they will think they are using the right strategy to trade at the moment. As a new trader, let your focus be on bullish season whenever you want to trade your crypto in the market, because that is the season many professionals traders use to trade their crypto to make incomes.

[bitgolden]

Reaching a fulfilled state isn't easy for anyone, when you make a lot of profit, the desire to make even more isn't a stranger to anyone. I understand a few people in the world could say "that's enough" and stop when they reach a point, but I understand millions of people who can't, they are only doing what is human.

Wanting more isn't a concept that is far from humanity, this feeling is in our nature and we should not be questioning people who wants more and more even if they get super rich, wanting even more is still understandable. I am not saying it is right or correct to do it, we should stop when we have enough so we do not lose what we have, but not being able to do it is also understandable as well.

Please look at all the rich people in the world, even the richest people want more money and this is why it is understandable for people who are not even that rich to want more money as well.

If Elon Musk still wants more money, then we shouldn't be shocked the person who turned 1000 dollars into 5 million to still want even more, yes he has enough, but everyone wants more. This is why, sometimes when a person makes a mistake, we should be more understanding of them and not really make these mistakes.

[liasbaa]

Being able to handle greed is something personal and you should not wait for a mentor to guide you or set you back on the right track when greed sets in for you. I have seen some traders that preach for greed me those type of traders are swing traders. The rules of swing trading is that you should be greedy in order to get a lot of profits because a new set up will be hard to get in as a trader. If you’re new to trading , focus on how to control your greed because it’ll make you lose a lot of money if you don’t trade with caution and allow greed to control you all the time.

There's no way a mentor can help you to manage your greed perfectly if you're the greedy type, you're the only one that can help yourself as if you're with them, you can pretend that you're not more greedy but when you are alone in your house, the greed is going to come back and it'll make you to begin to make very wrong choices. Controling your emotions can be achieved by being a very disciplined individual. Traders have to be disciplined or they won't make profits. Starting a trade and ending should be done based on your analysis and not by emotions. Don't give one more minute to the market or that one minute might turn to more minutes that causes you to lose.

A mentor can only remind that someone should not be greedy in trading, when a mentor has reminded then all decisions are in each individual, whether they will remember enough and do what a mentor says, or they ignore it and eventually they become greedy every time they trade.

Expectation of higher profits makes traders greedy which is more common with newbies. When I started it was very greedy and suffered losses but with gradual experience and regular purchases the portfolio is showing average UP which reduces the investment risk and the chances of profit are solidified. So I would say focus on growing your holdings before trading.

[fullhdpixel]

Greed isn't a black or white type of thing, you are not going to see how that works at all, and you wouldn't know if you are being greedy or not. Just because we can use the word easily, doesn't mean that we are going to be able to realize it when it is happening. Of course if you buy something cheap, wait until it goes up, do not sell at the top, and then the price goes down, you will be able to say you were being too greedy afterwards, but you are only capable of saying this afterwards.

Greed is not new and there are actually explanations on how it works and on how it can be prevented. Concerned people can learn from it and they can even apply it but there are still times that they can not take it anymore. The only best solution for this problem is stop doing that activity that makes you greedy and affect your life in a negative way.

you will be able to say you were being too greedy afterwards, but you are only capable of saying this afterwards.

I think you mean to say is that we will only realize or say it in our head first? But if we have no person to talk about or we are shy, we will still be like this afterwards because we will only look crazy if we will say things loudly when there are no other people around.

In trading or investing, there is what we called as analysis. It basically works like a guide to somehow know if the price of the crypto can still increase or not. For those who are totally clueless, why will they bother wait? For what? They should be the ones who are going to be greedy here. Selling earlier but still ends up in profit is still obviously better than waiting for more but ends up losing the opportunity.

This shows that being greedy is sometimes a good thing too, or it has two sides/scenarios. If only BTC is the coin that we are talking here, then there are exceptions. I mean we can wait much longer for it, as it is a proof that history really can repeat itself. I'm only referring to its pumped price here because it can dump as well.

[Dewi Aries]

Our goal here is to find out the differences of opinion and also to find a bright spot or find a solution to a problem that we are experiencing, especially in the world of trading and if you feel that you have found something or the solution you need, it means that your problem is over, no need to repeat the same thing, you have got the answer about what is good and what is wrong, or you have got something that makes more sense with the help of other people's ways of thinking here, it means I agree with your idea.

Basically trading is an activity that depends on skills, or what is meant is that the opportunity for profit is very dependent on the skills you have outside of the risk of fluctuating markets, meaning that only by learning will you be able to develop or gain various new skills.
A demo account is different from a real account, the real experience and adaptation is when you trade with real money, meaning that of course we have to sacrifice some money as capital, but there is still the option to use a little money, there is no other way, and everyone goes through that process, so be serious about learning.

Not really just that only on skills but also into the experience,knowledge and expertise that you do have on dealing up with trading and we do know that this is something that you cant really be able to obtain
in a short period of time. This is why learning trading is a never ending thing on which you will really be able to obtain learning on the things that you do able to encounter along the way.
Greed is something that will really be just that normal because there are really times that we do feel up this way.

This is really that very common when you do deal up with trading or even with gambling on which there would really be a time or moment that you do find yourself having some kind of urge or having that kind of spike
feelings when it comes on wanting to have more money. If you are really that serious on making trading as your side income or even your main then you should really be serious on trying out to achieve
such goal or target. When you do trade then its something that will really be requiring to do the right things but of course you will really be able to find yourself having those kind of adjustments on the time
or moment that you will be on doing trading.

I would say one of the reasons why there is no stopping in learning the world of trading, is not so much because it takes a long time but because as long as the market moves, there will always be new things that are formed where we must know and understand the market events or the reasons why the events occur in the market where of course when we learn it then it will be an added value to our knowledge to help maximize profits, so that means as long as you still want to be a trader or still want to get profit in trading then there will be no stopping to learn because after all when you dedicate yourself more to learning then the more knowledge you will have.

Regarding greed, yes it is a very common thing in an activity that involves profit opportunities, there are always certain times for a trader to be driven by greed, but when you have a lot of knowledge as a result of the learning you have done then of course you will be able to avoid various actions that are not recommended because you are aware that it is a high-risk action.

[Mame89]

Expectation of higher profits makes traders greedy which is more common with newbies. When I started it was very greedy and suffered losses but with gradual experience and regular purchases the portfolio is showing average UP which reduces the investment risk and the chances of profit are solidified. So I would say focus on growing your holdings before trading.

To avoid greed in trading, the main key is to be able to control emotions, because if we can control emotions, we can restrain ourselves when making decisions that lead to greed or fear. Because very often the result of not being able to control emotions will make us greedy and of course it will hurt.

In addition, if we cannot control emotions, we as traders will act impulsively, which at first we trade by sticking to the strategy but instead ignore everything including when the market is volatile and of course discipline will be neglected. So by managing emotions well, we as traders will automatically be able to avoid greed and can even create mental peace in trading.

[RockBell]

There's no way a mentor can help you to manage your greed perfectly if you're the greedy type, you're the only one that can help yourself as if you're with them, you can pretend that you're not more greedy but when you are alone in your house, the greed is going to come back and it'll make you to begin to make very wrong choices. Controling your emotions can be achieved by being a very disciplined individual. Traders have to be disciplined or they won't make profits. Starting a trade and ending should be done based on your analysis and not by emotions. Don't give one more minute to the market or that one minute might turn to more minutes that causes you to lose.

When it comes with emotional management you only will be in charge of that they can only advise you then they will be able to control it, because a lot of greedy people are always thinking that what they are doing is always right. Their are things that you will consider when ever with people but when you are alone you will always want to what you are always Doing and that is why it is very hard to do away with such character.

And when you become to greedy and it becomes part of you then you will have a problem with managing your finances, you will larvish everything thinking that you will be able be able to get more money when you become to greedy and you might even loose more than you expect.

You just have to learn to control your self and taking risk is not different from it somtimes but know the kind of risk you are taking, some risk might just finish you totally but a lot of people don't want to even take such matters seriously but to me it is very important.

[Finestream]

Being able to handle greed is something personal and you should not wait for a mentor to guide you or set you back on the right track when greed sets in for you. I have seen some traders that preach for greed me those type of traders are swing traders. The rules of swing trading is that you should be greedy in order to get a lot of profits because a new set up will be hard to get in as a trader. If you’re new to trading , focus on how to control your greed because it’ll make you lose a lot of money if you don’t trade with caution and allow greed to control you all the time.

There's no way a mentor can help you to manage your greed perfectly if you're the greedy type, you're the only one that can help yourself as if you're with them, you can pretend that you're not more greedy but when you are alone in your house, the greed is going to come back and it'll make you to begin to make very wrong choices. Controling your emotions can be achieved by being a very disciplined individual. Traders have to be disciplined or they won't make profits. Starting a trade and ending should be done based on your analysis and not by emotions. Don't give one more minute to the market or that one minute might turn to more minutes that causes you to lose.

Being greedy could sometimes be inevitable for beginner traders, and we all know that since we have passed that phase. However, with trading experience and consistent market exposure, you will realize that being greedy is never crucial for trading. Instead, it will only lead us into consecutive losses due to high emotions that control our hearts rather than prioritizing our minds that creates rational analysis.