Beginners Greed

Sep 19, 2019 at 10:26
5,075 Angesehen
107 Replies
Mitglied seit Sep 19, 2019   16 Posts
Sep 19, 2019 at 11:36
Do not suppress emotions, you need to manage them. Only full control over the mind, emotions and body can give a positive result.
Do not be greedy and invest in your business as much as you can.
Mitglied seit Apr 18, 2017   920 Posts
Sep 25, 2019 at 14:37
Roberto21 posted:
Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.

Not only trading practice but also mediation; even I see meditation helps me a lot than the trading practice especially in this case!
Mitglied seit Aug 27, 2017   994 Posts
Sep 29, 2019 at 12:27
AniLorak posted:
Roberto21 posted:
Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.

Not only trading practice but also mediation; even I see meditation helps me a lot than the trading practice especially in this case!

What’s the process of your meditation? Can you please explain?
Mitglied seit Oct 19, 2019   21 Posts
Oct 24, 2019 at 09:48
Roberto21 posted:
most of the traders become addicted for bringing profit very rapidly , its a main problem , they should addicted to learn Forex that can make more profit from trading.

True, that is where most beginners are lacking today. They just want quick returns without any hard work.
Mitglied seit Apr 18, 2017   920 Posts
Oct 26, 2019 at 11:26
This is why; new traders should start with a long term plan! Having a short term plan makes newbie crazy for sure!
Mitglied seit Mar 03, 2019   57 Posts
Nov 08, 2019 at 16:06
yes i agree, too many advertise Forex on Social media claiming it will make them rich overnight.
Mitglied seit Mar 03, 2019   57 Posts
Nov 10, 2019 at 09:39
Roberto21 posted:
most of the traders become addicted for bringing profit very rapidly , its a main problem , they should addicted to learn Forex that can make more profit from trading.
100% correct
Mitglied seit Jan 05, 2016   1189 Posts
Nov 11, 2019 at 00:26
FirstHero posted:
Do not suppress emotions, you need to manage them. Only full control over the mind, emotions and body can give a positive result.

Trading on emotions causes things such as revenge trading and over trading in general and blown accounts.

Focus on Risk Management as the #1 priority above all else when it comes to investing.

If a person has a problem suppressing their emotions, then they should AUTOMATE those systems that are impacted by the emotions of the trader.

Emotions have NO PLACE in trading.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Mitglied seit Oct 08, 2019   25 Posts
Nov 13, 2019 at 09:38
steveday1976 posted:
yes i agree, too many advertise Forex on Social media claiming it will make them rich overnight.
Beginners get charmed by these advertisements. I don’t even understand why people would run after such.
Mitglied seit Oct 24, 2019   45 Posts
Nov 14, 2019 at 13:32
Market research is needful to make wise trading decisions and constant practice and learning will lead you to achieve the desired goals in trading business sometimes greed effect the trader as result of loss as well.
Revenue is vanity, profit is sanity, but cash is king
Mitglied seit Nov 06, 2019   48 Posts
Nov 14, 2019 at 13:48
It’s hard to get out of the gambling mentality when starting out. Just takes time :) I used to blow accounts all the time 5 years ago :p
Winning...
Mitglied seit Oct 19, 2019   21 Posts
Nov 15, 2019 at 11:09
Smith88 posted:
steveday1976 posted:
yes i agree, too many advertise Forex on Social media claiming it will make them rich overnight.
Beginners get charmed by these advertisements. I don’t even understand why people would run after such.
That’s for the basic reason that they want quick money and the offers that these scammers throw definitely make you see huge earning potentials in there. Beginners just get trapped because they think that they will really be able to make money with them.
Mitglied seit Aug 09, 2017   785 Posts
Nov 28, 2019 at 09:55
due to greed beginners try to bring profit very rapidly without learning , as a result when trading practically they become loser and ultimately blame this stock market.
Mitglied seit Nov 25, 2019   9 Posts
Nov 29, 2019 at 09:36
Greed often leads to losses. Hedge fund manager will by happy with 10% per year but newbie trader wants 10% per day!!! No wonder they lose
Mitglied seit Aug 27, 2017   994 Posts
Nov 29, 2019 at 13:24
saturdayresearch posted:
Greed often leads to losses. Hedge fund manager will by happy with 10% per year but newbie trader wants 10% per day!!! No wonder they lose

Good point; unrealistic trading targets leading the account damage issue! Many traders are targeting unrealistic profit in their trading.
Mitglied seit Oct 24, 2019   45 Posts
Dec 04, 2019 at 10:21
orex trading is no doubt a lifestyle Changing business you have to be very patient and keep an eye on the market conditions greed is a human nature but usually new traders have greed because lack of experience
Revenue is vanity, profit is sanity, but cash is king
Mitglied seit Nov 09, 2018   212 Posts
Dec 04, 2019 at 12:29
FirstHero posted:
Do not suppress emotions, you need to manage them. Only full control over the mind, emotions and body can give a positive result.
The first reply I read on this thread and that's what I agree with!

Never suppress emotions. This applies not only to trading. As soon as you try to suppress your emotions, your problems will begin much more seriously than greed, because these will be subconscious complexes and blocks. Unraveling these nodes will be very difficult. Learning to manage is the right way and the only way to successful trading without the influence of an emotional background. Various exercises (use google) will help you come to a state of calm and maintain it. Our emotional background is closely related to the physical body. Therefore, it is also important to monitor your health. Moreover, sometimes a lot of help is just discussion and communication.
#AnthonyWins
Mitglied seit Oct 19, 2019   34 Posts
Dec 05, 2019 at 11:36
Baazex posted:
orex trading is no doubt a lifestyle Changing business you have to be very patient and keep an eye on the market conditions greed is a human nature but usually new traders have greed because lack of experience
No offense to what you said, but I have seen many experienced traders too, giving in to greed while trading. That’s a very difficult emotion to handle and its not only the beginners who face an issue while dealing with it.
Mitglied seit Mar 18, 2019   98 Posts
Dec 05, 2019 at 13:22
Baazex posted:
orex trading is no doubt a lifestyle Changing business you have to be very patient and keep an eye on the market conditions greed is a human nature but usually new traders have greed because lack of experience

well said. a lot of people dont even take the time to master strategies on demo before diving in. never ends well.
Mitglied seit Aug 20, 2019   21 Posts
Dec 07, 2019 at 15:23
It seems to me that greed is not so bad, especially when it comes to greed for knowledge. Although if you want a lot of money, it's also a normal desire. Another thing is that many people in the pursuit of financial achievements forget about the basic rules of trading and it leads to losses. No matter what happens, you should follow the rules in this business. And any risk you choose for yourself should be justified, otherwise you risk being in an unpleasant situation. Moreover, even the first loss can lead to the fact that a person is basically disappointed in this business and just does not want to continue. Therefore, you should avoid such mistakes and try to keep statistics, which will show what kind of profit you can count on and how to act to ensure a stable income, but without chasing the golden mountains.
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