Never Be Greedy!

[Mr. Magkaisa]

There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.

before you even choose to be a trader working on your psychology should be part of your learning process if not your losses will teach you the lessons you need , and those lessons hurt the most
you either learn the hard way or the easy way, but the hard way makes you more disciplined.

That is the reason why self control should be a solid basis where there should be no single position opened prior to trading. I also think that learning the technical skills is not that hard, but not everyone can be calm enough in the face of market volatility early on. In fact, uncontrolled emotions usually make you fight your own logic. A lot of people learn this lesson only when they lose a lot of money and then begin to rethink how one enters the market. You would be better off knowing right from the start that losses aren’t failures, but just part of the work. If you are not in a hurry to get revenge on the market and you can make peace with risk, you will be much more durable to the market.

Losing is not end of your trading, and losing isn’t failure at all. That just the process, as a trader one have to definitely come across loss  several  times that just the process of trading, win or loss but as a good and smart money trader you then have to reduce the chances of loss and keep growing your capital and to make sure you ain’t getting swept out by the hedge funds. As a trader they will always be a mistake one or two ways so for a smart money trader you will learn from your  mistakes and avoid it next time and to make a profitable entry’s. A trader might be in loss for a week but his or her capital won’t experience much damage just 5% or 10% damage may apply to his capital that a smart money trader. So always apply risk management.

       -     You said it well mate, sometimes there are some new traders who don't want to experience defeat at first, because they only want to make money, in which we know that such a mindset behavior is wrong.

Instead of thinking like this that they don't want to lose, they should dare to fail, it is failures that most of the time become the path for a trader
to be successful in the end in reality.

[Woodie]

Totally agree with the OP, to be successful in trading.. greed should be put out of the table. The rules of the game is take what you can and live to fight another day, the longer you remain in the markets thinking you can milk the markets, be guaranteed that those profits will go back and if not careful you will be liquidated and left in the negative (RED)!!

If greed is in your gene 🧬 try trade mechanically, for example set rules like risk 1% of capital for ROI of 3%, this way you get your peace of mind and don't over risk.

[Axcel777]

Totally agree with the OP, to be successful in trading.. greed should be put out of the table. The rules of the game is take what you can and live to fight another day, the longer you remain in the markets thinking you can milk the markets, be guaranteed that those profits will go back and if not careful you will be liquidated and left in the negative (RED)!!

If greed is in your gene 🧬 try trade mechanically, for example set rules like risk 1% of capital for ROI of 3%, this way you get your peace of mind and don't over risk.

Yes, not everything that shines does not have to run after it to death. The market offers opportunities, it offers limits as well and when we want to surpass the limits ignoring the fact that we do it, we can change the direction of things within an instant. What makes greed not only about wanting more, but not knowing when to stop. Once we are feeling invincible, then only the biggest risks start to present themselves. Maintaining a good position and not being seduced by overly high expectations usually produces more material results than attempting to double the profits for a lost opportunity.