Have you been this greedy before several times

[jossiel]

Has it happened to you before or you close all the position after making the day profit?

I did.

No trader has been composed and satisfied with how much they have made and should have called it that day when they've made a profit.

I think it is better to focus on one coin, understand its movement, and open multiple positions on it than try to trade multiple coins because you believe they move together.

This is the solution that I did.

Focused more on the trend and movement of bitcoin but this was long time ago until I've decided to start stacking up and found it more working and effective to me.

[rbynxx]

Has it happened to you before or you close all the position after making the day profit?

Anyone that is doing this, know that it is not good.

It's not good probably for beginners and I won't recommend it to them tbh, but, I think it's just fine to those who are in this industry for years as long as they know the limitations. In a bull market a lot of coins will pump even without the narrative to do so but I say it requires much effort because even at 3 opened positions (let's say you have stop-loss) that's still a hassle or probably you'll be thinking to have another set of trade which might not turn out to the first you did and you'll never know you'll be chasing losses after losses.

I say it's greed, yes, but if you're one of those people that even with multiple positions open as long as you set the stop-loss, doesn't do a large leverage or multiplier, I think you'll be fine as long as you're patient enough to call it a day if you make a percentage profit or a loss in mind.

[ZAINmalik75]

Has it happened to you before or you close all the position after making the day profit?

Anyone that is doing this, know that it is not good.

I need only traders to post.
Do not post to fill your weekly campaign requirement if you are not trading.

This is a very typical move but it is really amazing to see that you made profit from SOL even if you have opened the trade in the same direction you opened the previous both. Because most likely when BTC is dumping, ETH and alts are also dumping they don't oppose BTC but sometimes they do. Anyway if it worked for you and you made enough money for a day from SOL then you were greedy enough to not close the previous trades because you hoped with BTC and when you attach your hope you become emotional and when we are emotional we are actually not aware of what is happening and where the market is moving.

In such situations we should not practice it but close the trades and wait for more opportunities but I have a question this is not a reliable strategy from the looks of it what if you even make a loss from your third trade would you have opened the fourth one

Haha I like your last comment, you really mean that

[puloweh555]

I have made enough profit, but later the bitcoin market will be against me and I may lose all the money I have made that day.

It was greed.

Has it happened to you before or you close all the position after making the day profit?

Anyone that is doing this, know that it is not good.

Currently, I rarely trade because I'm only focused on DCA on Bitcoin for the long term. However I've experienced trading losses due to greed. I was already in profit, but instead of taking profits, I added more positions ultimately resulting in a significant loss. I also experienced spot trading losses on lesser known altcoins like APT and SUI because I held on to them for too long thinking they would go up again but ultimately lost even though I had already made a profit. That's how greed takes over and it's difficult to overcome.

Now all of this must be considered experience because greed is one of the biggest enemies of trading. Almost all successful traders have experienced losses due to greed, which determines whether we learn from them, evaluate them, and create stricter rules. The lesson If you've already made a profit and want to add more positions, hoping they'll go higher it's best to stop, because that's a sign of greed that's affecting you.

[passwordnow]

Well, we have the same experiences when we traded with emotions and that greediness is a normal behavior of a trader. We would blow up our accounts when we think that we've got enough profits few days ago and then end up with nothing when we thought that it will be enough for the losses we make. Another problem when we become greedy, whichever amount we take on the day won't be as good as what we're thinking. What we want is more and that more should be taken by us through trading more that results into losing that very profit we've made.

[Bobrox]

I can't remember well how many time exactly with your position after my open position both short or long have earn much profit but keep holding until the market dump significant and loss opportunity to earn much profit. I am not typical trading with several kinds coins and focus open long or short position with two coins only as usual bitcoin or Ethereum and sometime replacing Ethereum with SOL or BNB coin.
Greedy is classic problem face by the future or leverage trader because expect earn much profit exactly with maximum leverage user, bring small capital and possibility make profit up to x10 until x20 but with the greedy make them loss chance to earn profit almost few percent. I learn more from my mistake when opening position right now if profit raise around 10% until 15% I will take profit and won't wait anymore.

[Halifat]

Well, we have the same experiences when we traded with emotions and that greediness is a normal behavior of a trader. We would blow up our accounts when we think that we've got enough profits few days ago and then end up with nothing when we thought that it will be enough for the losses we make. Another problem when we become greedy, whichever amount we take on the day won't be as good as what we're thinking. What we want is more and that more should be taken by us through trading more that results into losing that very profit we've made.

I don't think everyone would escape this even the professionals because it's something natural which is not avoided but controlling it is the best, even those that are successful today in Trading always have this in mind but with their past experience they get guided and avoid greediness anytime it comes up. Greediness is natural and every human being have it but the only thing is how we control it, this is where some of the newbies fall because they have not experienced it before, that is why they always faces lose all the time.

[GreatArkansas]

I remember there was a time that I will open more than one positions with different coins like BTC, ETH, SOL at different time. I may first start with bitcoin, if I am losing, I can later opens the same directional position with ETH. If I continue to lose, I will finally use SOL to open another position also in the direction of the ones I have opened already.
(....)

I remember these mistakes from my old self before, but we are opposite. What I tend to do like this if I am already winning, for example in a pair of BTC, then it started to pump or winning let's say, I tend to open other altcoin pairs knowing everything will follow Bitcoin, but shit happens, before it just going on the opposite side which give me more losses than sticking to my initial plan.

[SuperBitMan]

The major thing that has made a lot of traders lose money to the market is greed. When you're greedy, you wouldn't appreciate the little profits you have made and close your position until your trade goes against you. I have fallen for this before and I lost it all because I didn't take profit.

It's difficult to make profits in trading, if you have already made little be happy and appreciate it because the big profit you are looking for wouldn't come your way on that trade since, you're trading in a volatile market.

Yeah you are right Greediness is the major reason why a lot of people are losing money in trading if only people can stop being greedy a ot of people will start getting more profit in trading, greediness has caused a lot of things to traders a lot of damages. I have once lost huge amount of money because of greediness and till date I still remember the lost to tell you how bad it is.

Yeah it’s very hard to actually make profit in trading and one is not supposed to be greedy, when you notice you have made some profit just take it and move on even if the coin keeps growing don’t regret your action because that’s one of the things that causes greediness.

[Peanutswar]

~
It has happened in a way before that the market will start going my direction, I will make enough money already which I want to make during the day if I do the average of the 3 positions. This can be as a result of making money from SOL more, followed by ETH, but I am still losing in BTC. Because of that, I will close ETH and SOL position, but leave BTC position, thinking I may also make profit with it also.

~

When it comes in trading most likely with the crypto right now we knew that there is a bitcoin dominance now, i guess you are referring with the futures trading, every time I made a trades most likely with the top listed coins in the CMC is I check if there is a trend for the bitcoin for a following position its good to make a different position with other coins seeing this could be a potential trade with multiple gains but if you've seen there is a reversal of the trend and the market will against to you i guess not ideal to make an immediate position again because this might lead for another losses. Better to analyze first the current situation of the market and then make a position if there is confirmation. One of the rules of thumb I do follow is. If there is no preparation, no trade.

[tygeade]

Greedy is classic problem face by the future or leverage trader because expect earn much profit exactly with maximum leverage user, bring small capital and possibility make profit up to x10 until x20 but with the greedy make them loss chance to earn profit almost few percent.

In some sense, greed is good. If you are trading with a small amount and with massive leverage like 20x then it's better to be greedy and risk everything to earn a few grands with 50 bucks. But greed is dangerous when you are trading with a significant amount because now it's real and you can't really afford to lose it all to just one rage moment.

You can afford to buy 1 lottery ticket and see how it goes but you cannot and should not buy lottery tickets by selling your house.

It all depends on how much you are trading with. If the amount is big enough that you can't YOLO it, then better play it safe and don't be greedy. If the amount is small and you aim to earn big, then sure worth taking a risk.

[barbara44]

Well, we have the same experiences when we traded with emotions and that greediness is a normal behavior of a trader. We would blow up our accounts when we think that we've got enough profits few days ago and then end up with nothing when we thought that it will be enough for the losses we make. Another problem when we become greedy, whichever amount we take on the day won't be as good as what we're thinking. What we want is more and that more should be taken by us through trading more that results into losing that very profit we've made.

I think greed also comes from the overconfidence earned from some good trades. Like when I am having bad days and then have some good trades, I stay in control. But when I am constantly making good profits on trades, then I get overconfident and make some hasty decisions because I feel like a kingmaker lol

The only solution is to cash your profits and save money every time you earn. That way, you at least have some money saved up, even if you lose everything later on, be it because of overconfidence or just bad luck. For example, you start with $5k, then set a goal that every time you profit $100 or more, you will just withdraw and save in a hard wallet.

[KiaKia]

This is not something that has happened to traders before, it is still present in every traders life because situation of the market today will not be the same situation tomorrow.

Any trader can still fall into that situation unprepared, it has happened to me a lot and I thought the fault was all mine until I watched few gurus getting nailed in the same way, what they did better than I did was taking heart and seizing some profits before it's too late.

I don't have that control, I have always waited for their thing to play out and it has always resulted in losses, until I left trading space for a while and when I got back I reduced my trading activities.

[ndutndut]

This used to happen to me often. It was very difficult to curb my greed because of my misguided mindset assuming the market would always be in my favor but the reality was the opposite. I was already making profits from the start and my greed for continued trading led to my losses. Now, I've made many changes in my trading, although mistakes still occur occasionally but I'll never forget my mistakes. Every time I make a series of mistakes, I treat them as lessons learned and minimize them over time.

Loss often occurs due to using too much leverage or overtrading, underestimating the market and thinking it will make you rich quickly. So, in essence I've experienced losses due to greed, but I've learned from those mistakes to avoid taking too much risk on a single trade, to learn control, to learn discipline and proper risk management. I've done all of this until my trading has improved. I mean, it's better than before.

[henmark]

Although I see from your posts that you have a lot of experience in trading, unfortunately you lost, and the reason is most likely greed and using multi-asset trading to compensate for the loss, which is a very dangerous method because it depends on increasing the risk and expanding the number of trades.

It is hard to imagine that an experienced person can still be prone to greed. Or maybe they only call their selves experienced but they aren't still improving? But that is similar to being addicted already. When we are greedy, we won't likely just lose less but it is also a bigger amount, in which we are on a difficult position now to recovery it trading the normal/ comfortable way. This is where things get intense, as we are now elevating the risk. But unfortunately only few are successful with it.

I don't want to give advice here, but I believe you could have come out with a smaller loss or perhaps a profit if you had closed the losing trade instead of letting it "rot" or if you had set a fixed Stop Loss instead of opening a new trade to compensate for the previous one.

An advice may still not make sense, although I think what you said there is still a type of advice. But that is the importance of using a stop loss. It proves that the other can also go wrong, although the coin choice matter here too. Maybe if we pick the less risky coins, then not using a stop loss is much effective.

[Jegileman]

The major thing that has made a lot of traders lose money to the market is greed. When you're greedy, you wouldn't appreciate the little profits you have made and close your position until your trade goes against you. I have fallen for this before and I lost it all because I didn't take profit.

It's difficult to make profits in trading, if you have already made little be happy and appreciate it because the big profit you are looking for wouldn't come your way on that trade since, you're trading in a volatile market.

Trading is better won over when you don’t allow your greed to overcome your decision making. When you have a targeted profit for your take profit, sticking to it is the best thing you should do and not allow market or your mindset change towards that. No one has ever lost money through taking profit early, so sometimes by seeing the profits and taking it immediately is also necessary to have an edge over the market. The market is very volatile and opportunities are not supposed to be wasted but taking proper good use of some of them is the best approach you can think of.

[jcojci]

Yes, greed comes to me and I am sure that also comes to many traders. We want to make a big profit so we might cancel to close the trade and waiting for the next high price then sell the coin. The last example from me is when the price jump to $80,000 while I place a long position from $78,000, I don't close it instead waiting for a while, hoping the price touch $81,000 but that didn't happens and makes me lost the chance to take a nice profit and only satisfy with small profits.

[bitgolden]

When you are trading, it is not really unheard of to be greedy a few times, it happens. We may not be greedy the same way, some do many open positions like OP did, some do memecoins, some do profits but not sell and wait and eventually lose.

Like we all have different ways where we were greedy one point or another. But that does not change the fact that we are going to end up seeing the same thing over and over again, it will be different for sure, and it's not going to be easy for us.

[Finebone]

This your pattern is something I have not tried before, I believe you are talking about features trading here, right? I have not carried out this kind of exercise in futures option

It's clearly a futures or derivative trading he is talking about, but am just surprised how he gets the idea to trade the market that way. I wouldn't criticize him for being greedy because you have to be greedy if you want to win big, just that it doesn't goes as planned, because if it has went as planned, he wouldn't be here talking about it.

I have come to understand that in trading you need to kill your emotions like fear if you want to make it big, and taking a risky trade like this is what you need, because you are going to win big one day if you keep on taking high risk trade like this.