Post
Topic
Board Trading Discussion
Re: Never Be greedy!
by
TravelMug
on 17/06/2018, 23:31:37 UTC
Well..  Greed is essential in helping you to reach out more for profit otherwise, you would have settle with your little success.  I think striking the balance and maintaining it is what is important as far as greed goes!
Do not be greedy, they will probably kill you at any time, set goals for yourself to achieve a specific goal, so it can be said that in business must have specific goals clearly , so I think we should be strong in learning who to go ahead and ask for their help.
Business is never about greed. It is always about profit maximization and you have to work 20 hours out of 24 hours to succeed. Besides, you have to keep your cost as small as possible and this also contribute to your profit maximization motto. Having said that, one can later on do charity works as well upon achieving financial stabilities. And even upon achieving a financially stable state, you might never stop dealing in your business because the more, the better.
Exactly many people think that business owners are greedy but most of them are not, they are just trying to maximize their efforts and the efforts of their employees so they get the biggest revenue possible with the resources at hand, that is not being greedy that is just being an efficient person, in fact if you do the same with your life in something not related so directly with money no one will ever accuse you of being greedy.

Of course we wanted to maximize and sort of milk everything up to the last drop. But for crypto I think there should also be a borderline because its really hard to see where the price could go in a snap. That's why greediness has some downfall as well and I'm sure that one time in our trading journey we have felt it and actually lost something in return because we are greedy and eager to milk the last potential profit we can get.