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Greed is poison
Mitglied seit Jun 16, 2021
111 Posts
Mitglied seit May 31, 2021
35 Posts
May 18, 2022 at 17:20
Mitglied seit May 25, 2020
20 Posts
Greed is an enemy of people. Actually, in trading this thing reveals itself even more. Traders can't understand that greediness ruin their trading activity, they try to reach as much as they can, but they should understand that greediness NEVER led to something positive. I personally don't know any situation when greediness helped me a lot. It only brought bunch of harm to me and my friends. Hence I suppose that if traders would learn how to avoid greediness and when they start to understand where to STOP.
They will be able to develop their skills and receive experience twice faster without any emotional roller coasters.
They will be able to develop their skills and receive experience twice faster without any emotional roller coasters.
May 20, 2022 at 03:52
Mitglied seit Mar 11, 2022
51 Posts
shortant posted:Any emotion, especially greed, inhibits the decision making power of a trader which results in making wrong trading decisions.
Traders should avoid trading with emotions, be it greed or poison, as it won’t bode well for them. Trading should be done with strategies because only then, they will be able to make profitable trades or manage losses.
Mitglied seit May 13, 2022
34 Posts
HeavenLeighGill (HeavLeighGill26)
Mitglied seit Aug 05, 2021
401 Posts
Mitglied seit Jul 19, 2022
24 Posts
Aug 04, 2022 at 09:38
Mitglied seit Jul 19, 2022
24 Posts
Greed is surely harmful for traders and works like a slow poison. We don’t notice anything wrong until our account blows up. We just think more risk will give us more profits but forget about the losses and drawdown. Emotional control is surely the only antidote for this poison.
Mitglied seit Aug 17, 2022
60 Posts
Mitglied seit Aug 17, 2022
39 Posts
Mitglied seit Aug 02, 2022
24 Posts
Aug 25, 2022 at 09:41
Mitglied seit Aug 02, 2022
24 Posts
When you let greed control your foreign exchange trading emotions, you end up losing all discipline and making poor decisions. It feels good to win! However, the high from a string of successes in forex trading can fuel an insatiable appetite for wealth, leading to reckless overspending. In reality, being careless is one of the side effects of being overly greedy, which gives you a false sense of control and it is harmful.
Sep 03, 2022 at 13:15
Mitglied seit Jul 22, 2020
23 Posts
Certainly greed is bad for trading. I think it happens to all beginning traders. Unfortunately, it can lead to big losses. Something should be done about it.
Trader's success depends on trader's ability to stop in time.
I mean if a trader has earned any sum of money, he should stop, wait a certain period of time and then trade again. Of course it's better to do it the next day.
But there are often cases when a trader has earned money and wants more. He opens a deal, loses money... then he wants to get even and it goes on until he takes more losses.
Traders need to practice. To train their emotions.
Greed kills the deposit!
Trader's success depends on trader's ability to stop in time.
I mean if a trader has earned any sum of money, he should stop, wait a certain period of time and then trade again. Of course it's better to do it the next day.
But there are often cases when a trader has earned money and wants more. He opens a deal, loses money... then he wants to get even and it goes on until he takes more losses.
Traders need to practice. To train their emotions.
Greed kills the deposit!
Dec 09, 2022 at 09:43
Mitglied seit May 24, 2022
17 Posts
Greed in forex trading can make you go broke because you will be overspending your capital or trade at the wrong time to make more profits. It is important to develop your mindset and have a trader’s psychology in order to not lose just because of the mere reason of overwhelming emotions.
Dec 15, 2022 at 06:50
Mitglied seit Mar 11, 2022
51 Posts
Greed is a dangerous emotion that keeps pushing us to want more even when we don’t need it. Traders should be aware of how greed contributes to their losses while trading. Emotions like greed are the sole reason people get indulged in addiction, over-trading, etc which proves as poison for their trading career. Keep your thoughts from taking over. The more self-assured you are and the more methodical your approach is, the less room there is for greed.

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