Quote from: Mehmet69 on April 06, 2025, 09:07:22 AM

Quote from: Davidvictorson on March 06, 2025, 06:02:34 PM

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?

Honestly, controlling greed and emotions is the most difficult thing. Most traders trade just fine but they get stuck in the trading world because they can't control their greed and emotions.

In my opinion, you should trade with your own hard-earned money. In this way, you won't lose as much as you would if you lost borrowed money. So first start trading with your own money to control your emotions.

If you have the knowledge of trading, I don't think emotions and greed will be difficult for you to control in trading because you have eyes which you can use to see by yourself to know what is happening in the market, either to exercise patience for the price to pump little or trade to earn profit before the price will dump. Those traders that got stuck in trading lack some tactics professional traders are using to overcome emotions and greed in trading, because you have the authority to control your emotions and greed not to miss your opportunity to earn profits.

Even though you lose when you trade with your money, it will not make you feel bad, because you know that is not the end of your crypto trading than to make some research to know how to remain consistent in profit earning.