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.
Greed leads us to risk more than what we could actually afford, and can sometimes lead to blowing up the account.
simple answer if you have the greed and you are doing always loss by this nature i think its more appropriate to forget about the trophy. thank you
Dec 20 2021 at 15:19
greed is when your expectation is greater than your ability
Trading with greed can be one of the biggest mistakes you make in Forex. When your expectation is to make a lot of money very quickly, it can lead to making bad decisions with your trading.
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.
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.
โปรดเข้าสู่ระบบเพื่อแสดงความคิดเห็น
