New comers mostly face the issue of controlling their emotions and greed. Well practice well and trade with patience; be rational. If you trade with practical decisions, only then will you go far in this journey.
Jul 13 2020 at 10:28
I have been fallen prey to greed in my initial days of trading and faced losses which was not a good feeling at all.
Even after years of trading I am facing issues with greed.
That's why I am using automated systems where money management is well defined and executed.
IMHO greed is not only that you overtrade account to get more profit
it is also about NOT accepting loss and NOT closing losing positions when you should
That's why I am using automated systems where money management is well defined and executed.
IMHO greed is not only that you overtrade account to get more profit
it is also about NOT accepting loss and NOT closing losing positions when you should
Jul 14 2020 at 06:44
When they say that a large percentage of traders do not earn and leave the market, it seems to me that this is affected by their greed, you need to have control over your emotions.
Jul 14 2020 at 12:01
togr posted:
Even after years of trading I am facing issues with greed.
That's why I am using automated systems where money management is well defined and executed.
IMHO greed is not only that you overtrade account to get more profit
it is also about NOT accepting loss and NOT closing losing positions when you should
Automation is the best way to combat emotions in trading. It can be tough to learn how to code an EA but once you understand, it is very rewarding
well, agreed with most of the posts, but greediness is also what drove us here correct?
Greed is one of the main problems of traders. It is almost impossible to control, and it causes most losses in trading. That's why all traders need to learn self-control and restraint, and then their profits will grow significantly.
Jul 16 2020 at 07:00
005500 posted:
Greediness is bad for anyone and everyone. No matter a trader is new or experienced. Patience is the key.
I agree on that. No matter at what stage a trader is, a newbie or an experienced one, greed can mar it all.
Greed is one of the first obstacles for all beginners in trading. When a beginner comes into trading, he expects a lot of money in a short time, and because of this perception, they lose all their investments very quickly. That's why I always advise beginners to open an account with a small deposit and learn to manage their capital correctly.
Sep 21 2020 at 19:04
Newcomers should avoid the greediness. Greed can put you in great danger So, you should control your greed when you are trading in the market.
