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Trading (Not crypto) / Re: What is greed actually?
« on: February 02, 2022, 10:22:22 PM »
Mainly, greed is a feeling which appears after several successful trades when the trader is blind about the risks which every trade hides and the trader thinks that all of his future deals will be as successful as the previous ones.
Greed is a definetely negative emotion which occurs during a trading process and I cannot see any advantages of it, there are only disadvantages. There are many ways to get rid of this feeling but ot all of them are effective. As for me, I feel that the best way to eliminate such a psychological factor from your trading is to make your trading strategy precise and accurate with lots of criterial and objective metrics. In such a situation you'll hardly experience any kind of emotions, you'll concentrate on the objective facts.
Greed is a definetely negative emotion which occurs during a trading process and I cannot see any advantages of it, there are only disadvantages. There are many ways to get rid of this feeling but ot all of them are effective. As for me, I feel that the best way to eliminate such a psychological factor from your trading is to make your trading strategy precise and accurate with lots of criterial and objective metrics. In such a situation you'll hardly experience any kind of emotions, you'll concentrate on the objective facts.