Greed 🥴 is when you want to earn as much as possible and stop noticing that the risks start to rise. Example: a trader holds a position even after the market has signaled a reversal. We hope that the price will rise again, and at some point, we lose everything. Or they open a huge position, hoping for quick money, but do not take into account the risks and volatility.

How to fight this?

1▶️Set goals: Determine in advance how much you want to earn from a specific trade, and as soon as you reach that goal — close it. Do not let greed control you.

2▶️Consider risks: Always assess the risks before opening a position. Do not risk everything for one trade.

Real-life example: One trader recently opened too large positions amid the rise of LTC, hoping for the continuation of the trend. When the price began to correct, he refused to close the trade, hoping that the price would go up again. As a result, he lost almost all his profit, and the account ended up in the negative. This was a classic case where greed consumed common sense.