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?
Once you have developed such mindset in trading it would be hard for you to fall into losses that are more significant than your losses. As a disciplined trader you must have a reasonable target, I'm going to emphasize on the word reasonable here because most people neglect it, you can't put in a small capital like 50 dollars and expect you to have a return of 500 dollars daily, the margin is ridiculous and this is a target set out of greed. you can only do this when you decide to flip your capital and to me there's no difference between this and Gambling.