Newcomers and their greediness

May 22, 2020 at 05:48
3,395 zobrazení
71 Replies
Členem od Aug 17, 2020   123 příspěvků
Dec 14, 2020 at 05:30
Greed is certainly a tough emotion to conquer. In my experience beginner's greed diminishes as one acquires more knowledge and learns more about what profits are realistic and unrealistic.
Členem od Dec 16, 2020   23 příspěvků
Dec 17, 2020 at 11:22
Greediness is the biggest enemy of a trader.
Členem od Jul 20, 2020   232 příspěvků
Dec 17, 2020 at 14:04
Greed is the most dangerous enemy for a trader. He should avoid greediness while he is trading if he wants to become a good and profitable trader.
Členem od Oct 19, 2019   38 příspěvků
Dec 19, 2020 at 09:31
Brank_A posted:
Greediness is the biggest enemy of a trader.
Rightly said!
Členem od Dec 15, 2020   13 příspěvků
Dec 21, 2020 at 09:39
The moment greed enters your trading cycle, risk increases manifold. Keeping such emotions away while trading is must.
Členem od Nov 03, 2020   65 příspěvků
Dec 21, 2020 at 10:15
Greed makes us feel emotions that negatively affect trading, so this fact must be taken into account.
Členem od Dec 28, 2020   187 příspěvků
Jan 13, 2021 at 09:10
There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions.
1) Have a Trading Plan
2) Lower Trade Sizes
3) Keep a Trading Journal
4) Learn From your past mistakes
Členem od Feb 04, 2021   31 příspěvků
Feb 11, 2021 at 12:34
Having a trading plan is one of the most helpful ways to manage the risks and capital in trading.
Členem od Mar 17, 2021   536 příspěvků
Mar 19, 2021 at 06:50
I always recommend to new trader first trade in major pair. Don’t try other minor pair.
Členem od Jan 13, 2021   38 příspěvků
Mar 19, 2021 at 08:39
It makes no sense to take a pair that is less popular, because you need to be able to work with it.
Členem od Jul 23, 2020   869 příspěvků
Apr 10, 2021 at 16:17
Hrenz posted:
It makes no sense to take a pair that is less popular, because you need to be able to work with it.
Traders prefer to trade with major pairs due to volatility issues. Also, there is a lot of information available regarding those pairs.
Členem od Apr 15, 2020   219 příspěvků
Apr 15, 2021 at 05:12
Sarjohn posted:
There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions.
1) Have a Trading Plan
2) Lower Trade Sizes
3) Keep a Trading Journal
4) Learn From your past mistakes
These are some really good tips... How long have you been trading?
The more your practice, the more you learn.
Členem od Aug 09, 2017   785 příspěvků
Apr 16, 2021 at 07:22
any level of newcomers always try to bring profit with no learning , its a very common thing and same mistake newcomers always do . even i did when was a completely new in trading.
Členem od Apr 16, 2021   8 příspěvků
Apr 16, 2021 at 09:34
Sarjohn posted:
There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions.
1) Have a Trading Plan
2) Lower Trade Sizes
3) Keep a Trading Journal
4) Learn From your past mistakes


I would agree with this as long as the trading plan includes lots of learning and strategy development
Členem od Mar 17, 2021   536 příspěvků
Oct 04, 2021 at 20:49
opportunitycalls posted:
Sarjohn posted:
There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions.
1) Have a Trading Plan
2) Lower Trade Sizes
3) Keep a Trading Journal
4) Learn From your past mistakes


I would agree with this as long as the trading plan includes lots of learning and strategy development
I also agree with these points.
Členem od Apr 09, 2019   538 příspěvků
Oct 05, 2021 at 14:22 (Upravené Oct 05, 2021 at 14:23)
The issue is focussing on how much profit they can make rather than how much risk they are taking. One you can control and the other not so much.
If you can't spot the liquidity then you are the liquidity.
Členem od Jul 19, 2020   751 příspěvků
Oct 05, 2021 at 15:25
Even people trading for years didn't able to overcome the greediness. To overcome it one needs skills and proper trading psychology. It's not easy.
Členem od Oct 05, 2021   10 příspěvků
Oct 05, 2021 at 18:09
Having a trading plan is absolutely essential, I think this is something most traders miss.
They just keep trading different strategy to different strategy getting more and more confused.
Členem od Oct 04, 2021   1 příspěvků
Oct 05, 2021 at 22:15 (Upravené Oct 05, 2021 at 22:15)
I trading plan separates professional traders from beginners. However, being a beginner means you should always try whatever works for you until you get it right.

This is a complete guide of how to create a winning trading plan:



Good luck!
Členem od Mar 16, 2021   477 příspěvků
Oct 06, 2021 at 02:32
Risk management is required from new traders to professional traders. And trading should be done keeping greed away.
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