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What is hindering most of us to getting to such point (being a profitable trader) is our emotion which is greed and fear ,
We all are human beings and because of that, it is very difficult to completely remove emotions from our decision making.....Be it in trading or even in our daily choices, emotions like fear and greed will allways be there, and because of that as traders, we shouldn't spend our time trying to kill or remove these emotions but rather learning how to manage them and utilize it for the bettter.
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To make it big. You need greed. To cut off losses you need fear.
Both emotions help as well as they destroy
What matters is been able to manage them and be confident in your strategy.
Make plans for failure.
I agree. Our emotion like greed and fear are indeed like a two double-edged. sword, meaning that they can help or even destroy, depending on how we handle them..... Leet's consider this example:
For instance, a trader who sees a coin he invested in depreciating in price at a very acccelerated rate, fear can push the trader to sell everything at a loss, only for the market to recover shortly afterwards. In this case emotion( fear) can push the trader into making a very costly mistake.
On the other hand, let's imagine that that same trader had a clear plan from the onset.....Let’s say beforehand he had decided that: “If he secures a 10% profit, he will take it and not get greedy." In this very case, fear and greed are still present owing to the fact that he is a human being, but he properly managed it through his discipline and strategyy. That’s how emotions, instead of being destructive, can help us better decisions if properlly managed