One of my friends who is into crypto trading made a remark. He said, "I am gradually learning how to conquer/manage GREED. Once I make small profit while trading, I will immediately close the trade. I am not interested in making $200 with $10."
It is funny but he learned this the hard way. As a trader and even generally in life, the lesson that you refuse to learn from the mistakes of others, you'll finally learn it from your own experience.
My question to you is that, as a trader, what ways from your experience have you learnt to conquer or manage GREED?
Every trader must face this either they like it or not, GREED has done more to me as a trader, at first while studying I started to trade signals but using big lot sizes hoping to do 1:50RR, but always endup taking a loss, I reduced my lot sizes a bit but kept losing, then I realised I’ve been approaching the market with a lot of greed hoping to use so little to get so much, I stopped risking so small to get enormous profits and tapped into risk management, and that changed things for me.