In the investment market, "greed" is often regarded as a taboo, but the key is how to wisely control this human nature. In the face of greed, the strategy we should adopt is: set clear boundaries and act flexibly and cautiously.
Taking Bitcoin trading as an example, whenever you decide to go long, the first task is to set clear stop loss and take profit points. Suppose your take profit target is set at 1,000 points and your stop loss is set at 500 points. This is not just a number game, it reflects your rational judgment of the current market trend and your personal risk tolerance. This 1,500-point range is the safety boundary you set for this transaction.
Within this framework, whether you trigger the stop loss and leave early, or reach the take profit target and reap profits, it is a manifestation of following the plan and not being greedy or fearful. However, the real test lies in the decision-making outside the boundary. If the market falls below the stop loss, insist on not withdrawing, and try to "resist" by luck, this is greed at work, which may lead to greater losses. On the contrary, when the price is close to the stop profit, choose to let the profit run for a while, which shows the confidence in the market and the flexibility of the strategy, but the premise is that you are mentally prepared for the profit retracement to prevent greed from biting back.
In investment, greed is not completely undesirable. The key is whether you can restrain yourself and show its positive side at the right time. When the market trend is in line with expectations and the risk is controllable, be moderately greedy and let the profit grow; once it exceeds the preset boundary, you need to stop immediately to avoid falling into the trap of greed. Remember, the real wisdom lies in balancing risks and returns, and let greed become the accelerator of your profit, not the fuse of destruction.
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