Do you think raising your order is always better?

[LogitechMouse]

Greetings fellas..
Though never wanted to raise this concern but I have to free my doubts and possibly take screenshots of some comments over to here to give to a friend who is into trading newly. Recently, a friend of mine started trading and when he placed a sell order on the mirror watching himself (monitoring his trade) while the market keeps increasing, nearly to his orders and instead of him allowing the order to execute he kept shifting and raising his orders since the market has moved gradually from 85k approaching to 88k plus, he went and canceled the order and placed it a bit higher above the previous, and I cautioned him not the right way to trade because what I am purely sensing here Is greed.
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Is this not a sign of greed?

Maybe he's greedy in that scenario, but what I see is that "he doesn't have a system that he follows".

Been there, done that. I've been in the same scenario as him in the past as well. Placing a position then it went the opposite way and instead of waiting for the market to stop you out, you will cancel your position and will place a larger position. You've already said that he's just a newbie, so mistakes like this are pretty much normal. We can say that he's greedy yes, but newbies are prone to mistakes and that includes handling their emotions. I think instead of saying that "he's greedy", we can make a better approach, and say that "he needs to have a system where he will follow it".

Trading is very hard, and it will test you as a whole from your being patient, from risk management, to being greedy, etc. Some are saying that it's very easy to make money on trading, and that's probably because of the influencers that are watching online who are showing it to the public, but the reality is very hard, and you will experience things like what the OP has shared when you're a newbie. As for the OP, this might be greed, but you can make a better approach. Monitor his trade, and don't stop guiding him.

[I_Anime]

Traders have different emotional reactions to market movements,  all though taking the right step always place a trader on the profits side since if he hard sold off at the first rise, he could have bought back at a more cheaper price when bitcoin drop to the 84k.

This is just a normal thing that most newbies trader faces and that is what causes the pressure from the market,  if the volatility hit hard their will definitely get demotivated same way they reacting with the increasing price and sell order shifting.

Trading is not a guessing game , is a thing of skill and discipline. Trading is not a get rich quick  scheme one should keep this in back of their mind . Because many are in haste to get  rich quick through trading and stuff .

Forgotten the fact that one have to past through learning phase first before thinking of earning , I had to learnt the hard way before realising this that without having any proper skill , you are going to see alot of trading downside so better to safe yourself the stress by focusing on what work for you , like investing in bitcoin or taken your time to learn ,and acquire more knowledge.

[Byebyebtc]

Greetings fellas..
Though never wanted to raise this concern but I have to free my doubts and possibly take screenshots of some comments over to here to give to a friend who is into trading newly. Recently, a friend of mine started trading and when he placed a sell order on the mirror watching himself (monitoring his trade) while the market keeps increasing, nearly to his orders and instead of him allowing the order to execute he kept shifting and raising his orders since the market has moved gradually from 85k approaching to 88k plus, he went and canceled the order and placed it a bit higher above the previous, and I cautioned him not the right way to trade because what I am purely sensing here Is greed.

Apparently, after telling him he said why would he just sell at that price knowing too well that price is increasing, same thing happened when it was around 91k before it dropped unknowning to around 84k before having this rise again I told to take profits before the market drop he didn't obey but ended up regretting why he didn't obeyed and set a buy order around 85k, by now he could had ended up in profits while trading on spots.

Is this not a sign of greed?

I don't know of this type of trading, but I personally do not understand why one will keep adjusting Oder like he did not Annalise before taking a decision to sale,
When I Annalise I know where to set my Oder my sl and my to. I just set and forget you either hit sl or tp,
But this one where your shifting your position when markets move that means you don't actually know what's going on in the market, and I can classify that as gambling, because it does not sound like a logic approach to the market.
It's better he gets more knowledge about trading than doing such

[lornadane]

I’ve done exactly what your friend did early on, watching price tick by tick and canceling sells. Every time, regret followed. What helped me was placing the order and walking away. If it hits, good. If it doesn’t, I reassess later. Babysitting trades feeds greed.

[shield132]

Greetings fellas..
Though never wanted to raise this concern but I have to free my doubts and possibly take screenshots of some comments over to here to give to a friend who is into trading newly. Recently, a friend of mine started trading and when he placed a sell order on the mirror watching himself (monitoring his trade) while the market keeps increasing, nearly to his orders and instead of him allowing the order to execute he kept shifting and raising his orders since the market has moved gradually from 85k approaching to 88k plus, he went and canceled the order and placed it a bit higher above the previous, and I cautioned him not the right way to trade because what I am purely sensing here Is greed.

Apparently, after telling him he said why would he just sell at that price knowing too well that price is increasing, same thing happened when it was around 91k before it dropped unknowning to around 84k before having this rise again I told to take profits before the market drop he didn't obey but ended up regretting why he didn't obeyed and set a buy order around 85k, by now he could had ended up in profits while trading on spots.

Is this not a sign of greed?

This is a very normal behaviour to my mind. We trade because we want to make a profit. There are moments when the market performs so well that you think that your bar is low and you should increase it to make a better profit and that's a healthy choice. Sometimes we succeed and sometimes we fail. I've tried both strategies, I set my bar low and claimed every easy possible profit but I've also regretted it because there were moments when the price went significantly up and I missed a chance of making 4-5 times higher profit. I prefer raising my order because after many attempts, I find it more profitable and less stressful than sitting in front of a desk in such a volatile market every time and buying at 86K to sell at 87K and repeating it again.

[michellee]

If he has the final target price, he should not cancel the order but let it fill automatically. He will not know when the price stops increasing. If he still does that and wanting bigger profit, he may regret it when the price starts to go down.

He will late to sell at high price but may sell at lower price. His profits will not be big as before because the price has a correction time after hitting the high price.

It is better to take profit when we can and not greedy chasing bigger profit. We don't know when the price will go down. We can make another profit in the next trade so nothing to worry about if we lose the profit.

[Fara Chan]

I’ve done exactly what your friend did early on, watching price tick by tick and canceling sells. Every time, regret followed. What helped me was placing the order and walking away. If it hits, good. If it doesn’t, I reassess later. Babysitting trades feeds greed.

Actually, it depends on each trader's mindset. Some traders frequently monitor trades but remain relaxed and don't trigger greed. This isn't about long or short monitoring periods, but rather the trader's own thoughts and desires. Greed isn't just about monitoring; in any job, they'll remain greedy because that trait is inherent in them, so whatever they do, greed will always emerge without any trigger. So, greed isn't about monitoring frequently, but rather about their own nature, because traders need to monitor to understand the direction of price movements in the market. Meanwhile, those who do not control trading are long-term investors who do not often monitor the market and therefore rarely monitor prices in the market.

[nara1892]

Obviously it is a sign of greed, therefore this is the reason why a trader must have planning, discipline and be firm in every decision that has been taken, otherwise of course in the end the case will definitely be the same as that experienced by OP's friend above which because of greed in the end he even suffered losses.

I usually set a Take Profit of 2.5% of the capital I bring and when the market has given that profit then I will stop and look for another moment, I do not increase the profit target because I know the risk is very likely for the market to go back down before touching the profit target that I have set, meaning I prefer small profits rather than nothing.

[Ahmed 09]

From my experience, automated trading can be useful, but only when the logic behind the strategy is clearly understood. Many traders underestimate how market structure changes over time, which is why fixed bots often struggle during high volatility or low-liquidity periods. I’ve tested several approaches, from simple grid systems to more adaptive tools like darkbot.io, mainly to observe how automation reacts under different market conditions. What I’ve learned is that automation works best as a support layer, not a replacement for risk management and manual oversight. Long-term consistency still depends on discipline, realistic expectations, and constant evaluation of performance rather than blind trust in any system.

[passwordnow]

If it's just a lift of the size and price, I don't think that's greed. But if he keeps on doing that like it's taking forever, that's a lowkey sign of being greedy. Why did you trade in the first place? it's for the profit and by that, you have to determine an acceptable profit that you should follow. While there's no harm if you see the trend keeps on going up and you're making more money. If in the end, because of your adjustments that seems to take forever you don't get any profit from it and instead, you've missed the selling opportunities. You'll have to take that accountability for yourself for those missed selling moments and you'll have to bear with your losses.

[yhiaali3]

Trading strategies vary from person to person, but one of the biggest drawbacks in terms of personality traits that negatively impact trading is hesitation and greed.

Personally, I prefer to always take profits, even small ones, rather than hesitate and regret them later. Instead of remaining hesitant to take profits with every rise (because he wants to get the highest price), your friend could have switched from trading to long-term investing, which would have been better for achieving greater profits.

[barbara44]

Do not be greedy, if you are making a profit, then let it be and make that profit, and focus on the last one. If you make small but consistent income then you can be richer than everyone else who are aiming for large and then failing.

I played a game where I was not levelling and making small profit to early parts of the game, many of my friends moved further and failed because they were in PVP place where they were cut down so they failed to profit, while I was at PVE and making smaller amounts but making it consistently so I got richer than them lol. That is the way you should trade, certain and guaranteed and safe.

[Outhue]

Greetings fellas..
Though never wanted to raise this concern but I have to free my doubts and possibly take screenshots of some comments over to here to give to a friend who is into trading newly. Recently, a friend of mine started trading and when he placed a sell order on the mirror watching himself (monitoring his trade) while the market keeps increasing, nearly to his orders and instead of him allowing the order to execute he kept shifting and raising his orders since the market has moved gradually from 85k approaching to 88k plus, he went and canceled the order and placed it a bit higher above the previous, and I cautioned him not the right way to trade because what I am purely sensing here Is greed.

Apparently, after telling him he said why would he just sell at that price knowing too well that price is increasing, same thing happened when it was around 91k before it dropped unknowning to around 84k before having this rise again I told to take profits before the market drop he didn't obey but ended up regretting why he didn't obeyed and set a buy order around 85k, by now he could had ended up in profits while trading on spots.

Is this not a sign of greed?

It's fine for someone to make mistakes even if we don't want them to make mistakes, like how will they learn and adjust themselves if they don't make mistakes? I am not against the fact that he refused to listent to you, it is always fine by me if anyone throw away my advice like I mean what do I know anyway? What if he made the right decision even when he knows nothing about trading? The table would have turned and you will be the one been looked at as someone who doesn't know what he is talking about.

[pliego]

Do not be greedy, if you are making a profit, then let it be and make that profit, and focus on the last one. If you make small but consistent income then you can be richer than everyone else who are aiming for large and then failing.

I played a game where I was not levelling and making small profit to early parts of the game, many of my friends moved further and failed because they were in PVP place where they were cut down so they failed to profit, while I was at PVE and making smaller amounts but making it consistently so I got richer than them lol. That is the way you should trade, certain and guaranteed and safe.

I mostly agree but ngl nothing in trading is guaranteed, even small profits need discipline or they vanish XD

[Cryptmuster]

Do not be greedy, if you are making a profit, then let it be and make that profit, and focus on the last one. If you make small but consistent income then you can be richer than everyone else who are aiming for large and then failing.

I played a game where I was not levelling and making small profit to early parts of the game, many of my friends moved further and failed because they were in PVP place where they were cut down so they failed to profit, while I was at PVE and making smaller amounts but making it consistently so I got richer than them lol. That is the way you should trade, certain and guaranteed and safe.

I'm not sure you can compare a game to real trading, things work differently here. If you've found a working strategy and can make money, then obviously, with a larger capital, you'll earn more as long as that strategy works. But if you're looking to reduce risks, it's probably not worth changing anything if you're already making a profit and that's enough for you. Sometimes the "slow and steady wins the race" rule can work much better if you make trading comfortable.

[Hamza2424]

Apparently, after telling him he said why would he just sell at that price knowing too well that price is increasing, same thing happened when it was around 91k before it dropped unknowning to around 84k before having this rise again I told to take profits before the market drop he didn't obey but ended up regretting why he didn't obeyed and set a buy order around 85k, by now he could had ended up in profits while trading on spots.

Is this not a sign of greed?

ofc it is a sign of greed bro, can't you see he is going for more money while taking the money he already made not so serious this way he will lose everything, I guess he took the advice that we usually give to the newbies and probably you have given it to him as well that only trade with the amount we don't afraid to lose.

And he taken that a bit serious haha, well if he have then you need to tell him that don't be too greedy just book whatever you have made it is not like he won't get another chance soon, trading don't work like that, first ask him what his views are about trading, what kind of trader he want to be and what kind of profit he is expecting.

[aysha9853]

Raising orders all the time is usually a sign of greed or lack of a plan once you set a sell level that should already reflect where you’re comfortable taking profit If price goes higher after you sell that’s normal and it doesn’t mean you did something wrong constantly chasing price often ends with missed sells and panic when the market turns fast.

[capokmerah]

Apparently, after telling him he said why would he just sell at that price knowing too well that price is increasing, same thing happened when it was around 91k before it dropped unknowning to around 84k before having this rise again I told to take profits before the market drop he didn't obey but ended up regretting why he didn't obeyed and set a buy order around 85k, by now he could had ended up in profits while trading on spots.

Is this not a sign of greed?

ofc it is a sign of greed bro, can't you see he is going for more money while taking the money he already made not so serious this way he will lose everything, I guess he took the advice that we usually give to the newbies and probably you have given it to him as well that only trade with the amount we don't afraid to lose.

And he taken that a bit serious haha, well if he have then you need to tell him that don't be too greedy just book whatever you have made it is not like he won't get another chance soon, trading don't work like that, first ask him what his views are about trading, what kind of trader he want to be and what kind of profit he is expecting.

This makes me wonder if he was overconfident or just plain greedy? Or was he truly unable to control his emotions. Based on @OP's explanation above, that his friend was a beginner, I understand how he felt at the time. It's certainly not easy, but it's better not to act too rashly. Such actions could result in further losses and further demotivation.
I always remember a piece of advice from my friends: "If you want to survive in this ecosystem, control your emotions, create a plan, and use money without greed.".
We know that by entering the world of trading, we want to profit, but if the method is wrong and reckless, it's futile.

[nara1892]

Do not be greedy, if you are making a profit, then let it be and make that profit, and focus on the last one. If you make small but consistent income then you can be richer than everyone else who are aiming for large and then failing.

I played a game where I was not levelling and making small profit to early parts of the game, many of my friends moved further and failed because they were in PVP place where they were cut down so they failed to profit, while I was at PVE and making smaller amounts but making it consistently so I got richer than them lol. That is the way you should trade, certain and guaranteed and safe.

I mostly agree but ngl nothing in trading is guaranteed, even small profits need discipline or they vanish XD

Nothing is certain if you trade without any knowledge or skills, for example, by randomly guessing prices, and the results will undoubtedly depend on your luck.

However, this doesn't mean it's impossible to profit. Increasing the chances of profit to a higher level than the risk of loss is possible in trading because it's not gambling. This is why we are always required to learn and continue learning. The goal is to increase the chances of profit and minimize avoidable actions that could lead to losses.

[@nn@_pen9]

Greetings fellas..
Though never wanted to raise this concern but I have to free my doubts and possibly take screenshots of some comments over to here to give to a friend who is into trading newly. Recently, a friend of mine started trading and when he placed a sell order on the mirror watching himself (monitoring his trade) while the market keeps increasing, nearly to his orders and instead of him allowing the order to execute he kept shifting and raising his orders since the market has moved gradually from 85k approaching to 88k plus, he went and canceled the order and placed it a bit higher above the previous, and I cautioned him not the right way to trade because what I am purely sensing here Is greed.

Apparently, after telling him he said why would he just sell at that price knowing too well that price is increasing, same thing happened when it was around 91k before it dropped unknowning to around 84k before having this rise again I told to take profits before the market drop he didn't obey but ended up regretting why he didn't obeyed and set a buy order around 85k, by now he could had ended up in profits while trading on spots.

Is this not a sign of greed?

If we can get the highest price that matches our prediction, why not? I think that's a natural and human thing, not greed. Besides, your friend is trading spot, isn't it? It's much safer if the price doesn't match the prediction that day. You can simply place a sell order for a few days, weeks, or months. It won't affect your assets instead, it will fluctuate over time. Once the price reaches the entry point, the market will automatically sell. In this case, what you have to pay attention to in daily trading on the spot is that you have to pay attention to every purchase or sale that comes with a fee that we have to pay on the exchange. Therefore, if we want to sell, we also have to pay attention to the profit percentage so that we don't make the wrong profit steps.