🚀 Greed! Why the Small Constant Profit Beats the Big "Occasional" Robbery 🛑
Hello everyone,
I am also a beginner here, and I learned a very hard (and expensive) lesson in the crypto markets: Greed is your biggest enemy in trading, not the market!
I want to share my experience to help other newcomers avoid falling into the same trap.
1. The "Just a Little More" Trap
* You have a nice profit. You are in the green. You should close the trade, but you tell yourself: "If I wait 5 more minutes, I will double it!"
* This is where greed comes in. Instead of taking the planned profit, you wait for a miraculous move.
* Most of the time, the market turns exactly when you least expect it, and your profit evaporates, sometimes turning into a loss.
2. Chasing the Peak (FOMO)
* You see a coin that has skyrocketed (a pump) and feel that you have to get in now, even if it is already at a very high price.
* Greed whispers to you: "Don't miss the next 100x!"
* Usually, you enter exactly when the big traders start to sell (or dump), leaving you with the token purchased at the peak.
3. The Disciplined Path: Your Only Friend is the Plan 🧭
* The secret: Trading is not about guessing the future, but about managing risk and emotions.
* The Golden Rule: Never enter a trade without knowing exactly where you will exit. Set your limits from the start:
* Stop Loss (SL): The maximum loss threshold you accept.
* Take Profit (TP): The realistic profit-taking threshold.
* Stay Put! Once you have placed the order and set SL/TP, DO NOT MODIFY THEM OUT OF EMOTION! Greed will make you move the TP higher when the price rises (risking a reversal), or move the SL lower when the price falls (risking a huge loss).
In conclusion: Greed means wanting to get rich now. Discipline means getting rich over time.