My question to you is that, as a trader, what ways from your experience have you learnt to conquer or manage GREED?
To manage greed, what we need is to feel satisfied every time we get a profit from trading even though sometimes the amount is small. Sometimes what makes people give up is never satisfied with the profit they get so they force trading in much larger amounts and eventually lose everything.
The mentality of a greedy trader will usually chase profits rather than making the ideal percentage and they will trade excessively to seek profit, but in the end they continue to be in losses.
Don't think we can conquer the market, so we should be grateful for any profit. Because greedy people are usually people who are very confident in what they think, even though the market is not that simple and the market is also difficult to predict.
Setting a limit on the profit we will take must also be done, because then we know when we should exit the trade when we are already profitable and vice versa, we must set a limit to how much we can bear the loss and we must exit the market.
If you do have that kind of confidence on which trying out to take conquer of the market then you would really be definitely be that kind of desperation on which it will really be that resulting into that kind of desperation on which its really that best on the moment that you do deal up with volatile space then its really that recommended that you should be that having proper knowledge and engagement on which it will be that getting inline on what the market is really that behaving. We do know that when it comes to this manner then its really that important that having realization that this do need up that knowledge and having that skills for you to be able to have that kind of good grasps on how this market works. Greed could something that takes over when you arent that good when it comes to control your emotions but if you are already that good then thats a good grasps.
When you are already that making that dealing up with this volatile space then its best to have that good versatiltity about into the different conditions or situations that you do able to encounter. Never ever make yourself that be hard headed on trying out to make things happen on what you do have in mind. Make yourself that versatile as much as you could because market is unpredictable but once you do have that good skills then you can make serious profits on here.