Quote from: Psalms23 on June 30, 2024, 12:41:46 PM

For me, when it comes to altcoin profits, being greedy can cross the line when you let FOMO (fear of missing out) drive your decisions instead of sticking to a strategy. It's crucial to set realistic profit targets and know when to take profits. If you keep holding out for that extra bit of gain, you might miss the chance to secure your earnings and risk the value dropping. Greed becomes too much when it blinds you to market risks and stops you from making rational decisions. I think it's better to take steady, smaller profits than to risk losing everything by aiming for the moon every time.

Being greedy is the source of many problems, not only in trading. In trading, to avoid greed, a trader must have good money management, know when to do CL, know when to do TP, and know when not to look at the market. I also agree that FOMO should be put aside, stick to the initial goal and only invest in tokens that we have researched even if it is small research.