Newcomers and their greediness

May 22, 2020 at 05:48
3,415 Paparan
71 Replies
Ahli sejak Aug 17, 2020   123 hantaran
Dec 14, 2020 at 05:30
Greed is certainly a tough emotion to conquer. In my experience beginner's greed diminishes as one acquires more knowledge and learns more about what profits are realistic and unrealistic.
Ahli sejak Dec 16, 2020   23 hantaran
Dec 17, 2020 at 11:22
Greediness is the biggest enemy of a trader.
Ahli sejak Jul 20, 2020   232 hantaran
Dec 17, 2020 at 14:04
Greed is the most dangerous enemy for a trader. He should avoid greediness while he is trading if he wants to become a good and profitable trader.
Ahli sejak Oct 19, 2019   38 hantaran
Dec 19, 2020 at 09:31
Brank_A posted:
Greediness is the biggest enemy of a trader.
Rightly said!
Ahli sejak Dec 15, 2020   13 hantaran
Dec 21, 2020 at 09:39
The moment greed enters your trading cycle, risk increases manifold. Keeping such emotions away while trading is must.
Ahli sejak Nov 03, 2020   65 hantaran
Dec 21, 2020 at 10:15
Greed makes us feel emotions that negatively affect trading, so this fact must be taken into account.
Ahli sejak Dec 28, 2020   187 hantaran
Jan 13, 2021 at 09:10
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
Ahli sejak Feb 04, 2021   31 hantaran
Feb 11, 2021 at 12:34
Having a trading plan is one of the most helpful ways to manage the risks and capital in trading.
Ahli sejak Mar 17, 2021   536 hantaran
Mar 19, 2021 at 06:50
I always recommend to new trader first trade in major pair. Don’t try other minor pair.
Ahli sejak Jan 13, 2021   38 hantaran
Mar 19, 2021 at 08:39
It makes no sense to take a pair that is less popular, because you need to be able to work with it.
Ahli sejak Jul 23, 2020   869 hantaran
Apr 10, 2021 at 16:17
Hrenz posted:
It makes no sense to take a pair that is less popular, because you need to be able to work with it.
Traders prefer to trade with major pairs due to volatility issues. Also, there is a lot of information available regarding those pairs.
Ahli sejak Apr 15, 2020   219 hantaran
Apr 15, 2021 at 05:12
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
These are some really good tips... How long have you been trading?
The more your practice, the more you learn.
Ahli sejak Aug 09, 2017   785 hantaran
Apr 16, 2021 at 07:22
any level of newcomers always try to bring profit with no learning , its a very common thing and same mistake newcomers always do . even i did when was a completely new in trading.
Ahli sejak Apr 16, 2021   8 hantaran
Apr 16, 2021 at 09:34
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
Ahli sejak Mar 17, 2021   536 hantaran
Oct 04, 2021 at 20:49
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.
Ahli sejak Apr 09, 2019   538 hantaran
Oct 05, 2021 at 14:22 (disunting Oct 05, 2021 at 14:23)
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.
Ahli sejak Jul 19, 2020   751 hantaran
Oct 05, 2021 at 15:25
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.
Ahli sejak Oct 05, 2021   10 hantaran
Oct 05, 2021 at 18:09
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.
Ahli sejak Oct 04, 2021   1 hantaran
Oct 05, 2021 at 22:15 (disunting Oct 05, 2021 at 22:15)
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!
Ahli sejak Mar 16, 2021   477 hantaran
Oct 06, 2021 at 02:32
Risk management is required from new traders to professional traders. And trading should be done keeping greed away.
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