Post
Topic
Board Trading Discussion
Re: Trading and Greed
by
In the silence
on 27/04/2025, 15:22:10 UTC
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?
One of the obvious reasons for traders fail is they struggle to let go, I myself included. To conquer greed, you need to be contented with enough. That being said, you need to know your risk appetite and gain satisfaction. You can use others method for your reference to learn and to make your own trading plan.