Quote from: MarjorieZimmermanGinger on Today at 09:43:37 AM

Quote from: Davidvictorson on March 06, 2025, 06:02:34 PM

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.

But as we know that it is not easy to manage our greed because greed can show up to us easily even without we realize. That satisfied feeling can brought us to achieve the next thing such as profitting bigger in trading so we will not realize that the time to trade is end. Without having control, we will difficult to control our greed and satisfy feeling so that make us force trading with larger amount and eventually lose everything.

Yes, we must control the mentality of a greedy trader and not chase bigger profit especially when the market is hard to analyze. We should feel enough to profit this day and we can search for other profits in the next days when the market is not difficult to analyze.

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