Greed is when your expectation
Mitglied seit Jun 09, 2021
44 Posts
Dec 16, 2021 at 04:11
Greed is one of the primary reasons why new forex traders fail. They want to make quick bucks and in the end lose what they even had in the first place.
Mitglied seit May 19, 2020
401 Posts
Dec 16, 2021 at 13:19
IMO greed is not always high expectations. Perhaps this is just folly, not greed.
Greed is a violation of trading rules and a plan in pursuit of unjustified profits. In other words, it is an excess of possible risks to get more profit.
Greed is a violation of trading rules and a plan in pursuit of unjustified profits. In other words, it is an excess of possible risks to get more profit.
@Marcellus8610
Dec 16, 2021 at 14:09
UweMoench posted:Psychology must be controlled first. There is no guarantee of profit if you trade out of greed. And the amount of loss increases. You have to trade with a combination of fundamental, technical and sentimental.
Greed is the root cause of destruction in trading. It leads traders to the path of over trading. From where it's difficult to come back. Very few people can come back.
Dec 16, 2021 at 23:01
I think greedy is the most enemy for trader, although trade has long experience in trading always greedy, it will fail at a certain time because market very dynamic and no exact prediction will always accurate, greedy usually appear when trader over confident or he in bad emotion control.
Mitglied seit Dec 14, 2021
28 Posts
Dec 17, 2021 at 06:08
I can’t agree more with OP. Greed is about having highly unrealistic expectations which blinds you to the negative outcomes of the trade. Greed forces you to over-trade and wait for your profits to run when it clearly shows that you should exit. You should only expect as much as you are capable of achieving. It keeps you grounded. I write down my goals in my trading plan which is like a benchmark for me and reminds me not to over expect.
Dec 17, 2021 at 19:36
Greed and fear are two most dangerous foes for the trader on their way to success and reaping profits. Emotional side of trading is something which makes people worse in trading than trading bots. Emotions always interfere in our logic and common sense, but trading is not about feeling, but it is all about thinkng, Greed usually comes when the trader thinks too much of themselves and their trading strategy. They feel that they understand the market and can predict t fully with high accuracy. That is a very misleading thing as sooner or later a trader will lose decent amount of money because of such self-esteem. So, if you start thinking that you understand the market, make a pause and think once more.
Mitglied seit Nov 03, 2021
9 Posts
Dec 20, 2021 at 15:19
greed is when your expectation is greater than your ability
Dec 22, 2021 at 05:58
It is a good thing that greed is being discussed. I think an important thing that can be done here to tackle greed is to set a goal. Changing the focus from increasing the amount of money to increasing the amount of profitable trades is going to help a lot.
Dec 23, 2021 at 19:43
Greed is always harmful for your trading, however, the most difficult thing is to determine whether you experience this feeling on time. In most of the cases people realize that they were under the influence of emotions only after the deal was opened and they have nothing to do to improve the situation. That is why I feel that it is a good idea to have a certain limit of trades during a day. It is helpful in order to avoid overtrading which is frequently caused by the emotions including greed.
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