Quote from: snowpega on January 30, 2024, 05:57:44 PM

This is too common to many people they fall prey to Greed. Greed is the worst enemy of humans but those who set their goals when to book profit can easily overcome greed. In my own opinion when you open any trade set your hit points and when the price hits your planned goals book some profit and book some more when the price hits another goal in this way you can overcome greed. It is a challenge for the traders to have the best control over their own greed.

I wonder what even the definition of greed is. I know some emotions can drive you to make some kind of decision but the truth is that people want to make money, and if those people have enough, they won't pass their boundaries. I'm very sure of that. and when you hit your profit and you see that there is still a window, you can give it a try to see if you can make more profit because, as it is, nobody will feed you, am sure most of those actions will not cost you that much since there are measures It won't be a bad idea to try something to see if you can make more profit.

Quote from: boty on February 03, 2024, 05:18:15 PM

If we trade greedily, it will be very unlikely that we will be able to make the right decision in the trade we are making and this will also be very detrimental to ourselves, we will incur a lot of losses if we do it greedily.
Yes, it would be very good for us to have a plan before starting to trade and when we have reached the target we have set we will be able to take advantage of the trade so that we don't analyze again and continue to hope for the profits we will get in trading so that we have missed the benefits we have gained.

Because I am still thinking that if you do not take certain risks, you will make money from crypto, and I am trying to use the same strategy that I use in gambling and trading. and having a plan is good but most of the time, planning does not work. Just make sure that your analysis is correct, and if you have the right analysis, you can make a profit if your analysis is correct because everything is about risk, and if you know how to take risks, you make money.