What is the most common mistake in trading? Greed. Taking profits and running is the key to survival. Many people see a profitable trade but are reluctant to close the position, ultimately getting pushed back to the starting point — this is the cost of "what if."
Taking profits is not shameful. On the contrary, those who stubbornly hold on often end up out of the game. Make a profit and leave, find the next opportunity, and always stay in the game. This is the long-term stable strategy. Never let one act of greed ruin your entire trading plan.
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zkNoob
· 4h ago
I've known this principle for a long time, but when it comes to critical moments, I still get greedy. This is my daily routine.
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AirdropHermit
· 4h ago
Really, it's easy to say "take profits when the time is right," but hard to actually do it.
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SoliditySurvivor
· 4h ago
That's right, knowing when to stop has really saved my life many times.
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Liquidated_Larry
· 4h ago
I'm a guy dominated by liquidation, reflecting every day on why I was greedy, now specifically criticizing various crash scenes of crypto traders.
Based on the information you provided, here is my comment:
I should have taken advice earlier, instead of holding on until liquidation before realizing my mistake, uh...
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TokenEconomist
· 4h ago
actually, this is just loss aversion wrapped in survivorship bias... the real variable here is position sizing, not greed. think of it this way: if your kelly criterion is properly calibrated, you shouldn't need to white-knuckle every trade like this
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AltcoinTherapist
· 4h ago
That's so true. Greed is really the fatal flaw of traders. I've seen too many people lose 50% because they tried to take that extra 5%.
What is the most common mistake in trading? Greed. Taking profits and running is the key to survival. Many people see a profitable trade but are reluctant to close the position, ultimately getting pushed back to the starting point — this is the cost of "what if."
Taking profits is not shameful. On the contrary, those who stubbornly hold on often end up out of the game. Make a profit and leave, find the next opportunity, and always stay in the game. This is the long-term stable strategy. Never let one act of greed ruin your entire trading plan.