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Newcomers and their greediness

opportunitycalls
Apr 16 at 09:34
posts 8
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

SteveHanks
Oct 04 at 20:49
posts 458
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.

Seb King (sebking1986)
Oct 05 at 14:22
posts 158
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.
UweMoench
Oct 05 at 15:25
posts 654
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.

Lauren (LHill97)
Oct 05 at 18:09
posts 10
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.

ApesTrading
Oct 05 at 22:15
posts 1
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!

LukeRachel
Oct 06 at 02:32
posts 395
Risk management is required from new traders to professional traders. And trading should be done keeping greed away.

Beagelv
Oct 06 at 08:22
posts 81
There should be an ability to manage not only risks and capital, but also your emotions.

Fx_howie
Oct 08 at 06:55
posts 30
I am sure we all have experienced beginner's luck but some newbies without proper knowledge and skills indulge in overtrading because of greed which leads to losses. So beware of that.

croisssan
Oct 08 at 12:25
posts 500
For newbies, the most important thing is not to take too much risk. As for me, you really need to be ready for this.

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