Oct 12 2020 at 09:31
In the beginning, sometimes it is very easy to make profits fast but if you let greed dictate you, you might end up losing. Greed is not good for traders and has potential to destroy their careers.
Trading psychology as a crash course should be mandatory for all new traders.
Nov 19 2020 at 17:54
Most new traders lose their money because of their greedy nature. Trying to make money quickly put them in the danger.
New traders are always try to make money quickly. Because of that, they make wrong decisions and lose their money.
Dec 08 2020 at 18:48
Newcomers should remove the greedy nature from them if they want to become successful in this risky market. Because greed can put them in great danger.
It is because of greed that many beginners fail and at the first stages leave trading, because they do not understand what the problem is.
Even experienced traders fall prey to greed at times, it is such an emotion. One has to have good control over oneself, so that no money is lost due to greediness and over trading.
Dec 11 2020 at 06:02
Greed is a common feeling experienced by traders both new and existing I believe. Once you lose control, greed is what follows and its results are always unfavourable. So we have to be disciplined and avoid greed for being successful.
Shelby10 posted:
New traders are always try to make money quickly. Because of that, they make wrong decisions and lose their money.
Exactly. The problem is that they do not grasp concept of the trading psychology and the moment they made a profit in one trade, resulting the ever increasing adrenaline rush making them to trade in hoping to make another profit. But alas, that is just a greed and you will be losing money.
