$BTC Common Emotions in Investing (P2)
$ETH One of the common emotions that everyone has when investing is greed. So what is greed in trading and investing?
$SOL Greed is when we want to make more and faster profits. However, this emotion can lead to wrong actions, such as:
Investing too much: When we want big profits, we can decide to invest with a large volume, hoping that the profits will also increase. However, if the price goes against the prediction, the loss will be even greater.
Excessive expectations: Greed also makes us set profit targets that are too high. This can lead to, instead of making a profit, we have to suffer a loss.
Emotion of hope: When greed is combined with hope, we tend to perceive that the price will always move in our favor. However, this is not always the case, and if we do not control our emotions, the risk will increase.
In short, greed can blind us, leading to unwise and high-risk decisions. It is important to know how to control our emotions and make reasonable investment decisions.