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Control your greed.

Dorsin
Dec 17 2019 at 19:10
27 投稿
Greed is a serious problem for many traders. And not only for those who are just starting their way, but also for experienced professionals, who sometimes believe that they are powerful and make mistakes that cost most of their capital. I don't know how to fight it. Perhaps you should write on a piece of paper above the desktop that your money and income depend only on you. You will be able to earn stably and earn a lot only if you do not hurry, and your capital will gradually grow and provide you with a better life.
vontogr (togr)
Dec 18 2019 at 09:06
4862 投稿
Dorsin posted:
Greed is a serious problem for many traders. And not only for those who are just starting their way, but also for experienced professionals, who sometimes believe that they are powerful and make mistakes that cost most of their capital. I don't know how to fight it. Perhaps you should write on a piece of paper above the desktop that your money and income depend only on you. You will be able to earn stably and earn a lot only if you do not hurry, and your capital will gradually grow and provide you with a better life.
yeah captain ;)
jamesgwyther
Dec 18 2019 at 16:05
289 投稿
AniLorak
Dec 30 2019 at 15:26
920 投稿
Dorsin posted:
Greed is a serious problem for many traders. And not only for those who are just starting their way, but also for experienced professionals, who sometimes believe that they are powerful and make mistakes that cost most of their capital. I don't know how to fight it. Perhaps you should write on a piece of paper above the desktop that your money and income depend only on you. You will be able to earn stably and earn a lot only if you do not hurry, and your capital will gradually grow and provide you with a better life.

Well said! Basically, it’s very easy to open a trade; so greed is a common issue here!
peter_fx
Dec 31 2019 at 10:14
21 投稿
Greed, definitely is the most serious problem while trading. Earning consistent profits becomes too difficult for anyone who gets into its trap. I think the best way to trade without being greedy is to follow a trading plan with strict entry-exit points. This will restrict you to a particular level of trading and won’t let you over trade because of greediness.
Sven98
Dec 31 2019 at 12:17
41 投稿
I think greed makes you act irrationally and it’s all a matter of taming your ego. Avoid over trading or revenge trading.
Doombinder
Feb 03 2020 at 19:15
22 投稿
for sure it's must be controlled, otherwise you can see it's totally unreliable thing for many of those patterns here anyway. Do you see me coming for that? I am not able too.... You can simply blow all your money and even borrowed ones...
Betty_60
Feb 05 2020 at 09:57
41 投稿
Sven98 posted:
I think greed makes you act irrationally and it’s all a matter of taming your ego. Avoid over trading or revenge trading.
That’s right, traders become irrational. They don’t trade keeping practicality in mind but what guides them is just their greed to earn the max possible. This attitude may make one earn high in the beginning, but gradually one ends up losing everything.
Brahma23
Feb 06 2020 at 11:40
27 投稿
Every trader should control their greed. They should think with their mind, not with their heart. They have to take decision wisely if they will face losses. They should think how to recover the loss and take a sensible decision.A good adviser like AtoZ Markets can help them to keep their mind cool and take decision wisely by giving all kind of advice about the trading.
Andy Peters (Jumo)
Feb 06 2020 at 23:07
23 投稿
a self confident trader will not be greedy, a professional will not be greedy. so improve the trading skills and forget about greed.
ethan_65
Feb 09 2020 at 14:23
41 投稿
Traders should keep their greed under control while trading foreign currency. Their focus should not be on making more money but on making their trading more profitable. Being greedy, a person sometimes makes bigger and bigger investments which leads to bigger losses. Therefore, the trader must control his greed and find ways to improve his trading. Big profits does not mean successful trading, but having continuity in your profits is a sign of successful trading.
Smith88
Feb 10 2020 at 06:31
25 投稿
ethan_65 posted:
Big profits does not mean successful trading, but having continuity in your profits is a sign of successful trading.
That's a great advice. Bringing consistency in one's trading returns is what matters the most. But traders somewhere focus on how big their returns are, which is not good if seen from long perspective.
Dictiony
May 27 2020 at 00:41
231 投稿
Greed is a strong enemy to gain profit. forex is a very profitable business. we can earn huge money from here. most of the new traders cannot control their greediness and trade more and more for a huge profits. always we should protect our capital and trade for money very carefully without any greed.
Alkimedon (Alkimedon33221)
May 28 2020 at 09:14
2 投稿
Trader needs to be able to control his greed
Centrillador
May 30 2020 at 17:04
21 投稿
It's important in any field, and you have to learn how to work with it, because it can cause you to banal lose control of the situation. And you just can't let that happen because it's totally unprofessional!
Stonesong
Jun 13 2020 at 15:54
128 投稿
Without greed control, you really run the risk of falling into a hole
ProfitingSystems
PROFITINGSYSTEMS
Jun 13 2020 at 19:07
48 投稿
Greed control should be under Risk Management, Have time of opening and time of closing, Don't Overtrade as it ruins a lot of Traders, I take loss when necessarily, it takes a good mental strength to accept you are wrong in trades and exit that trades with minimum loss and not let greed of not wanting to loss overcomes you, This have been one good parts of my Strategy to making good daily decisions.
Barbara Wright (barbarawright)
Jun 15 2020 at 13:46
37 投稿
Nobody should be greedy as you never know where life can take us. Just focus and be determined to have more experience in trading to be in a profitable situation.
gabeorwel
Jun 15 2020 at 14:31
11 投稿
Hello! Unfortunately, there is no on/off switch for such a feature like 'greed'. I remember 13 years ago, when I discovered Forex market, greed was living in my heart. And my trades were awufull. What helped me - is to treat Forex not like a money machine, but more like a side-hustle. Also having a full time job helps a lot, so I had money and I was not thinking about getting more. Not full time, not so serious, less worries. Also trading on a Forex looks like having a cat (not my words, but completely agree with them). If you are chasing a cat, that cat will run away, but if you stop chasing and you have what cat loves - cat will run towards you eventually.

Same thing with money. If you are chasing them with all you heart and soul and that's everything you can ever think of - you'll fail.
If you will have what money likes - patience, long term vision and love for what you do - money will come. Trust me.
Have a good one.
SMtrader86 (smtrader86)
Jun 15 2020 at 15:38
25 投稿
gabeorwel posted:
Hello! Unfortunately, there is no on/off switch for such a feature like 'greed'. I remember 13 years ago, when I discovered Forex market, greed was living in my heart. And my trades were awufull. What helped me - is to treat Forex not like a money machine, but more like a side-hustle. Also having a full time job helps a lot, so I had money and I was not thinking about getting more. Not full time, not so serious, less worries. Also trading on a Forex looks like having a cat (not my words, but completely agree with them). If you are chasing a cat, that cat will run away, but if you stop chasing and you have what cat loves - cat will run towards you eventually.

Same thing with money. If you are chasing them with all you heart and soul and that's everything you can ever think of - you'll fail.
If you will have what money likes - patience, long term vision and love for what you do - money will come. Trust me.
Have a good one.

I'm definitely going to use this cat analogy!!, well said gabeorwel !!! :)
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