Quote from: bitgolden on Today at 05:53:22 AM

Quote from: Dewi Aries on September 09, 2024, 04:15:37 PM

you said something right about the impact when we are unable to ignore the greed that arises in the mind, simply the point is greed will make someone lose something they should have gotten before, so never try to exceed everything when it has become your portion.
I understand that we never know about the right portion size, but by having a plan and being realistic I think you should have a plan about when is the best time for you to stop and secure profits.
Actually on the other hand it is okay to apply greed as long as we are able to accept the fact of regret, but in most cases the majority of them always find it difficult to really be open-minded, so it is better to be grateful for any amount of profit as a form of appreciation for the efforts we have made in analyzing the market.

Greed is not always that easy to stop, sometimes you do not realize that it's greed and that's why you do it. I understand that it may not be that great, but it can be done and I think that's the whole point. I believe that we are going to see a potential profit somewhere and we will try to take it but it is not going to matter that easily. This is why we should consider maybe putting up something like this and could make some profit from it as well.

However, it ends up being a loss because we do not realize that we were too greedy and went too overboard with what we should be doing, which causes us to lose a lot more than what we should be earning.

I believe that it will get to a point where we will be doing fine, without any of these issues, we just need time to fix out mentality about it. Greed when it's done a lot is a bad thing, but greed when it's done in a sensible way is not that bad and could be a great thing to do, I believe that we can make that better. We should consider this as a good thing, we can't really assume that it will be that great or terrible, it won't be that simple and we should be considering this as something that will take a while and can't really be done easily.

Yes I also understand about that and it is true that there are some difficult parts where practicing is always much harder than saying, and also the problem is yes as you said that sometimes we do not realize that we are implementing greed, and that does happen, I will not say that it is the right action because in the end it always leads someone to regret, but as humans sometimes we are not always aware of what we are actually doing.

But on the other hand I still think that incident should not have happened, or not happened to you too often, because after all as we know that in trading someone must first prepare everything such as planning and risk management for example which one of them is implementing take profit and stop loss, both of these things have an important role to make you stop at the right time, meaning I believe that traders who always find it difficult to ignore their greed are those who do not implement the planning until they are finally carried away by the flow of greed.