Greed is poison
Apr 05, 2020 at 01:19
No doubt greed is curse greed is a poison and we have to avoid this poison and curse in our business so that our business become successful we should not be greedy in other matters of life too greedy man can never get success greediness is against the principles of Forex forum so if you have to become experience fall and professional trader then you have to cut out this habit and you have to follow positive habits
Member Since Oct 22, 2019
33 posts
Apr 13, 2020 at 12:13
Greed leads to over trading as a result a trader see his account going in losses and nothing else.
Apr 14, 2020 at 07:28
Tygotaylor posted:I agree. Happened to me when i was a beginner, but then i realized that emotions can ruin everything especially greed, that's when i started working on myself and now its all pretty smooth.
Greed leads to over trading as a result a trader see his account going in losses and nothing else.
Member Since Dec 20, 2019
23 posts
Apr 29, 2020 at 19:41
The sooner you realise all that the better for you, do not go for such long cycles of trading when you are completely new and do something else entirely and absolutey, I clearly do not see what is what tremendeously for many goals.
Member Since Dec 09, 2019
60 posts
Apr 30, 2020 at 11:40
Very true with this. Greed can be dangerous aspect when it comes to trading.
Apr 30, 2020 at 18:16
That's for sure. Greed, even in everyday life, becomes a problem and you can't live with it normally. And for trading, it's even poison. Traders must not give in to it and always keep control. If you relax a little, all your trades will fail. When you trade, you should try to turn off all your emotions and become cold to such temptations as greed.
KhoiDam
May 04, 2020 at 12:22
Let's be realistic - absolutely everyone comes into trading to make money. And the overwhelming majority of them strive not just to satisfy their basic needs, but to gain full financial independence and prove it to themselves and others. And since trading is a potentially money profession, it is a very fertile ground for greed. You feel the opportunity to become very, extremely rich and it distorts your consciousness. I think any trader goes through this, at least there are a lot of articles about greed.
Hollywood movies about stock trading often surround the profession with a halo of romance and smooth out the sharp corners. Therefore, often in the minds of beginners, and sometimes quite experienced traders there is a change of concepts. They call greediness ambition or purposefulness, and their habit to break the rules because of it - adventurism. Indeed, all TV series like Billions or movies like the Wall Street Wolf show crazy traders who easily break all the rules and usually bring them results. However, reality is not a movie. In reality, greed is destructive.
The main problem is unrealistic expectations. Traders forget what risk and trade are and already mentally plan for success. Sometimes the reality is disappointing, but the trader was already so confident in success that he put all his eggs in one basket and remains with nothing.
The main cure against greed is a simple question 'Why I sure I will win?'. You should ask yourself that more often.
Hollywood movies about stock trading often surround the profession with a halo of romance and smooth out the sharp corners. Therefore, often in the minds of beginners, and sometimes quite experienced traders there is a change of concepts. They call greediness ambition or purposefulness, and their habit to break the rules because of it - adventurism. Indeed, all TV series like Billions or movies like the Wall Street Wolf show crazy traders who easily break all the rules and usually bring them results. However, reality is not a movie. In reality, greed is destructive.
The main problem is unrealistic expectations. Traders forget what risk and trade are and already mentally plan for success. Sometimes the reality is disappointing, but the trader was already so confident in success that he put all his eggs in one basket and remains with nothing.
The main cure against greed is a simple question 'Why I sure I will win?'. You should ask yourself that more often.
May 06, 2020 at 11:22
Chechova posted:
Let's be realistic - absolutely everyone comes into trading to make money. And the overwhelming majority of them strive not just to satisfy their basic needs, but to gain full financial independence and prove it to themselves and others. And since trading is a potentially money profession, it is a very fertile ground for greed. You feel the opportunity to become very, extremely rich and it distorts your consciousness. I think any trader goes through this, at least there are a lot of articles about greed.
Hollywood movies about stock trading often surround the profession with a halo of romance and smooth out the sharp corners. Therefore, often in the minds of beginners, and sometimes quite experienced traders there is a change of concepts. They call greediness ambition or purposefulness, and their habit to break the rules because of it - adventurism. Indeed, all TV series like Billions or movies like the Wall Street Wolf show crazy traders who easily break all the rules and usually bring them results. However, reality is not a movie. In reality, greed is destructive.
The main problem is unrealistic expectations. Traders forget what risk and trade are and already mentally plan for success. Sometimes the reality is disappointing, but the trader was already so confident in success that he put all his eggs in one basket and remains with nothing.
The main cure against greed is a simple question 'Why I sure I will win?'. You should ask yourself that more often.
Excellent point well said
May 12, 2020 at 07:35
Chechova posted:
Let's be realistic - absolutely everyone comes into trading to make money. And the overwhelming majority of them strive not just to satisfy their basic needs, but to gain full financial independence and prove it to themselves and others. And since trading is a potentially money profession, it is a very fertile ground for greed. You feel the opportunity to become very, extremely rich and it distorts your consciousness. I think any trader goes through this, at least there are a lot of articles about greed.
Hollywood movies about stock trading often surround the profession with a halo of romance and smooth out the sharp corners. Therefore, often in the minds of beginners, and sometimes quite experienced traders there is a change of concepts. They call greediness ambition or purposefulness, and their habit to break the rules because of it - adventurism. Indeed, all TV series like Billions or movies like the Wall Street Wolf show crazy traders who easily break all the rules and usually bring them results. However, reality is not a movie. In reality, greed is destructive.
The main problem is unrealistic expectations. Traders forget what risk and trade are and already mentally plan for success. Sometimes the reality is disappointing, but the trader was already so confident in success that he put all his eggs in one basket and remains with nothing.
The main cure against greed is a simple question 'Why I sure I will win?'. You should ask yourself that more often.
Well said.
Member Since Jun 24, 2020
34 posts
Jun 29, 2020 at 06:23
Cruz45 posted:
Greed is a trap. Traders should be aware of it.
Totally agree. Getting out of this trap is extremely difficult. So we better control it before its too late.
