Quote from: $weetne$$ on Today at 01:35:14 PM

Quote from: Sanitough on April 02, 2024, 09:59:38 PM

Greed is the biggest enemy of trading. If you act as a greedy trader, it’s like you break all of these reminders, until you see yourself losing in the end. One mistake will definitely ruin all your plans in trading, so it’s better to start trading only when you already have perceived rightly the reality about trading. However, not all traders tend to follow all of these. Not because they’re not aware, but because it’s certain for individual trader to adopt different strategy from other traders, as long as it shares the same goal for trading, that is to succeed and get profits in the end.

Greed is one of the biggest enemies of a trader but I don't see it as the biggest for all traders. Some traders are greedy but their greed doesn't make them to lose when trading or have a bad trade instead the greed keeps making their to win big when they trade. Every trader has someone that's their big energy when trading. Some of them don't know how to time the market correctly knowing when they should be selling or buying while others don't know how to spot opportunities when they see it. Sometime your greed can help you to not leave the market sooner than when the market will have a market pump. Greed isn't bad when you can use it to your favor but newbies including me have to be careful so it doesn't cause us to lose the little money that we have saved for trading.

Greed is really on us, can't deny it.
As long as we can control our greed, that is okay but in the moment that it will control our mind, that seems to be a big problem. Many people become rich because of this (greed) but somehow, this will also ruin our future and be a reason for losing our hard-earned money in a short period. Greed is already with us and what we need is to balance the situation and always keep in mind what will happen to us when too much greed is in our mind. Whether we are a newbie or not, we should be smart enough to handle our emotions and keep the level of our greediness low.