One of my friends who is into crypto trading made a remark. He said, "I am gradually learning how to conquer/manage GREED. Once I make small profit while trading, I will immediately close the trade. I am not interested in making $200 with $10."
It is funny but he learned this the hard way. As a trader and even generally in life, the lesson that you refuse to learn from the mistakes of others, you'll finally learn it from your own experience.
My question to you is that, as a trader, what ways from your experience have you learnt to conquer or manage GREED?
My way of conquering greed is by controlling emotions and anti-fantasy, usually people who always lose when trading are those who are influenced by their fantasies, they hope to win all the time when in reality it is the opposite, they actually lose because they place bets instead of trading.
Besides, if you think you will immediately exit when you make a big profit, you have made a big mistake. Successful traders are traders who make a profit from a percentage of the trading results they get, not the explosion of profits they get in a single trade.