Quote from: Pandu Geddon on June 06, 2024, 04:37:32 PM

Greed for me is the action of a trader or investor who does not actually use planning in determining the trades made. If the trade has been planned well, then what will be the final result is how obedient the trader is in following the plan that was actually made by himself.
trading without a plan is like relying on luck. So the results of course depend on your luck. because being unable to make decisions is something bad for a trader. We all have to be able to determine which situations we should enter and when we should exit. stop trading without a plan, it will just burn money.

That's right, when someone trades without any planning, of course they just hope for luck in what they do and it is very likely that they will experience losses in the trade. When someone has a plan for trading, of course they must be able to carry it out well. and also when they have achieved the target profit, it would be better for them to immediately take the profit or go back to analyzing the market to see whether they still have the potential to get bigger profits or not and if they don't have the potential for profit, of course we have to take the profit and don't let it happen. greedy by forcing ourselves to hold back in the hope of getting a profit even though from the results of the analysis we have done it is clear that it is difficult to get a bigger profit than what we have got.