Topic: Greed when trading - page 3. (Read 1889 times)

Revenge in trading will always exist especially when the market is in bullish condition. Although such conditions are good especially when the market is in positive condition, greed can also turn it into something bad or bring disaster because they cannot accept previous losses which makes them too confident and emotional because they want to get back the losses or are ambitious to want profits that exceed previous losses. And this must really be fixed because being a trader must be able to control emotions and not be greedy because most of them forget themselves because of greed which makes them forget to sell it because the market is not easy to predict which sometimes suddenly reverses direction due to previously unknown factors that occur suddenly.

Yes, in most cases, traders who experience MC or lose all their money in a short time are because they trade based on a desire to take revenge on the market, usually this feeling arises after they experience a number of losses and what triggers this action is because they are unable to accept the risk of loss they experience.
This is why we always say and advise anyone, especially beginners who want to learn to first understand the negative side of trading activities, don't just look at the profit opportunities, because it's useless even if you have a good way to make a profit but on the other hand you don't know a trader must have good responsibility or the ability to accept risks, then in the end all the profits will also be lost through the revenge scenario.
On the other hand, a trader should not apply greed when they succeed in making a profit, so as I said above, learn everything, find information about what can be done and what should be avoided when someone wants to get involved in trading if you really want to stay safe in the long term.

Revenge trading Is one the mistakes a lot of traders make both intermediate and beginners. The financial market is volatile this makes it very risky and as such the market can be quite unpredictable sometimes despite how good your analysis can be. A lot of traders get greedy in the aspect of achieving their target, once you hit your target it's very important to take profit instead of trying to get more, this is a high display of greed and can result to losses.sometimes you shouldn't always wait to hit hundred percent profit.

This is true, a mentor can teach you what to buy and what to sell and why buy something at some point when something happens etc, all those technical details about trading which is a great thing because everyone needs to know about those things and should be great at them if they want to trade.

However, when the time comes we need to realize sometimes things aren't always that easy and greed could mean a lot. Greed has no technical approach, if you are being greedy then you need to stop trading and get out, because the moment you start being greedy is when you start to lose money as well. I personally believe as long as we learn the technical parts about trading from a mentor, and can stop ourselves from being greedy, we will make a good profit.

One of the most dangerous things on dealing up on any investment related things is about into your emotions on which on the time or moment that it will really be starting to disrupt your decision making then
this is where that it do becomes an issue. This is why it will really be that important that you should really know on how to take up such control if you dont really like to have such negative effect.

Somehow there are really those moments or times that having some hesitation into particular moments do really save you up on losing up some trades, but most of the time on which greed will really be having that kind of effect into your trading plans and strategies on which we know that it could neither be that depending whether it is really that a nice call or losing up that opportunity.
We are really just that humans and greed is something that natural to come out if we do speak or dealing up with money.

This is why its really that something crucial on having that kind of control when it comes this manner. We do know that trading could generate out some profits on which
this is something that sparks out someones greed specially on the time or moment that they are really that making up some profitable trades. You would really be having impressions that you should
really that going further because you do really believe that you could really be still able to push through.

It all boils down to emotional trading, because greediness is one of those emotions that undo a trader, Yea, you are very much right on this the ability to control your emotions while trading is very much key, because without controlling emotions like fear or greed, it will definitely ends in regret, so as a trader, if you can't kill that greed in you, you are bound to end in more regret just as you have stated very clearly here.

And lastly, I just want to stated this very clear, in as much as knowledge in technical and fundamental analysis is very much key in trading, if you don't have patience and don't know how to control your emotions, you can never be successful in trading, because lack of emotional control like fear and greed destroy all the trading skill you possess, you can't make good use of it if you don't know how to control it, so emotional control like greed and fear is what all traders should be very careful of, because a winning trade can easily turn into a losing if you don't control your greed and run away with your gains.

You are right about the discipline thing. When you have patience, you tend to do things with discipline and that means you are doing it in the right way. Someone who gets in the market with uncertainty, impatience, and the mindset of getting as much profit as possible in a short period, they tend to become a victim of their own greed because this mindset and thought process will make them take uncalculated risks which they won't be able to manage and eventually lose money instead of getting profits.

If someone wants to gain success as a trader, they need to take things slowly in the beginning. You can't enter the market and start getting a lot of profit right from the beginning if you are not already knowledgeable and don't have a large capital. So take things easy, learn what you should and shouldn't do step by step and increase your pace only when you know you can handle the speed.

The more you start getting everything according and you don't control your self you will find yourself been unconscious been greedy and you will be favoured somtimes and somtimes you will be at a very big loss and that is why no matter how you want money you have to just control your self when you noticed that you are getting to greedy.  And if you don't  discipline Your self then you will face trouble in the future because the moment you become to use to playing your cards in a greedy then the line will get tin and then cut at the end of the day. Greed is something we have to be scared of it's a very bad habit to get use too.

You can not always get it right because we know how trading works you might not get profit always so controlling your emotions matters a lot, the whole analysis can not be reliable it can also fail sometimes so all we can do is to focus on the little things that you are getting, so that you don't get overwhelmed by what you are getting and you need to be very careful.

Having a mentor to teach you how to trade well is a good thing, but when it comes to greed it is better to rely on yourself - because no one can control yourself as well as you can. Just try to learn to be disciplined with what you do and as much as possible to control yourself not to take an action beyond your own capabilities. Learn to trade according to the strategy at the beginning and think that trading is not gambling. If someone has a mindset like this, they should be able to control their greed.

Greed is the beginning for us to feel something bad in ourselves, greed will turn profit into loss. This is something we must avoid when trading, this is why we always remind each other that we must be able to control ourselves from greed that will come to us at any time. We cannot eliminate greed because it is a natural trait that we have, we can only minimize and prevent all of that from happening. Many people end up failing because of their own greed and you are right this does not only happen in trading, but it can also happen in all the work we do. So be careful and as much as possible we must be able to control ourselves.

No one ever has the ability to eliminate one's greed. Maybe someone can give you some tips but you have to follow them literally no one can control your emotions you have to control yourself. Greed is in everyone, some can control it and some can't. To control people first of all you need to learn money management which will make you a responsible person . Because you cannot bring your life into a routine until you become a responsible person.  And unless you follow a routine, you can't control your emotions, cravings and more.

It is undeniable that greed will destroy everything and not only in trading but whatever work we do if we are greedy then we will fail, it is included in self-control and I think it is not included in the strategy in trading.
However, regarding the strategy in our trading, it will be different regardless of the profit or loss we get, but it has an estimate or is included in the plan that we have set and I think greed is not included in all of that, greed is a person's personal responsibility.

It is true that this is very normal for anyone who cannot control themselves when trading and this is also because they cannot stick to the strategy they have planned at the beginning so they will continue to hope to get bigger profits and when it all ends they may not be able to make any profit because of their greed. When a trader can accept any profit they get and is not greedy, this will make them successful in the trades they make and it is true as you said in trading we must be able to use capital that we can indeed bear when we fail so that things that we do not want do not happen.

Greed is a normal reaction from some traders because if you trade today and make 50 or 60 dollars profit and the next day you still make that amount, you will begin to think that you should try and leave to enhance your profits so that you can make more money than before, and that is when you will begin to lose significantly. And once you lose, you'll start talking about how to get your capital back. If you're not a professional, a master trader will not be concerned if he loses since he knows he'll earn his profit back if he keeps trading. If your mentality is strong enough and not greedy when trading, you will always be satisfied whenever you receive a profit, And these are the individuals that are more successful traders because they have a profit limit and do not want to risk too much. But if you notice that you want to take a significant risk, then is when you will stake higher and leave it for hours and if he favors, then you make a lot of money. However, to reduce your risk, you should stake what you can afford to lose.

Greed harms the traders and makes you lose your trade more often than it is your analysis that were wrong. You being greedy is a very bad habit to have as am established trader or a new beginner. Greed is going to make you to never be satisfied with the profits that you are making. You will think it is too small and you will want to make more by going on a different direction than what you learnt from your trading mentor. To avoid greed is to stay disciplined to your plans. Leave the market when your target are reach and do not increase your risk by leaving your trade open to the market. Be comfortable with what you get from your trades as there is always going to be more opportunity to make more money and not lose any to the market.

Because greed has a bad meaning and indeed the word greed often leads to negative things by many people, so it is natural that many people advise not to be greedy. Although as you said greed can be good and can be bad.

If excessive greed causes many losses in trading, starting from not being able to control emotions, not being able to control finances, and not controlling mentality. Because it all starts with greed. Because excessive greed and the absence of a strategy will make you make the wrong decision and eventually lose a lot of money in trading.

But as you said if greed is managed properly then greed will be profitable. Greed in taking advantage of good moments, learning from mistakes and creating opportunities. If greed is channeled properly so that it does not result in losses and can even lead to helping you succeed, that's okay.

So to decide how you use your greed, you still have to have a strong instinct with the decisions you make. But what is clear in trading is that having greed will lead to losses.

But people do really ends up on becoming impatient and this is where mistakes will really be that starting to pile up on which on the moment that they had become that impatient
specially for the profits to be made, then this is the moment that they do become that impulsive and ending up on having that gambler like mind kind of approach on which its never been
that recommended on having that kind of mentality because it will worsen up the problem.

When doing up trading then you should really be that calm and having that clear mind but its not something to be so simple to be done on which we know that market volatility
could really be able to cause up those kind of feelings on which you would really be that become too unsure when it comes into your trading strategies.

Experience would really be the best teacher on this case on where people would eventually be learning up on how they would really be able to control their greed because on the time
or moment that you would really be having this kind of feeling then it could hardly be stopped but on the moment that you've been wary at least on how this market works
then you do have already the idea on what you should gonna do.

Trading definitely requires a lot of patience to become good, tons of people do not know what to do and how to get better as well, we are going to see this growing to be something better. Many believe if you put 10 thousand hours into something then you are going to be masters of it, but this ten thousand do not have to be something that will take a while just on trading itself, studying is included in it if you ask me.

So, if you study for one or two thousand hours, and then trade for eight or nine hours then you are going to end up with a great result for sure. You will be a master, and while everyone can lose money at times, overall you will be trading with profit and will do amazing, very rarely people end up with a loss, so it shouldn't be a problem. I believe in people who can do very well, trading is not something incredibly hard, we can learn it as long as we can give it a try. I wasn't good at trading but gave it some time, and now I am doing a bit better.

I think that greed can prevent a trade from being closed on time, if a trader expects that his trade has potential, he can decide to wait and this will lead to losses, I think that everyone has encountered this more than once. Greed can also provoke opening a trade with a higher leverage, which will also increase the risk, that is, in most cases, greed will harm the trader. There may be cases when greed can become an assistant for a trader, when a losing trade will be closed earlier with small losses, but I attribute this to risk management and not greed.

Yes, the key is as you said about how firm we are in maintaining discipline and also how smart we are in managing to consider every time we want to make a decision, on the other hand I can also say that greed is quite natural if done too often by beginners but if it turns out that you already have a long flight time in the trading world but you still can't or don't have a way to overcome greed then that should be questioned, in the sense that you are most likely not serious about learning to control yourself. On the other hand I can't guarantee that the profit will continue even if you have cashed out some of the profit you have earned, because even though we have sufficient knowledge and skills but that cannot be used as a guarantee that you will continue to profit, there are always situations where your decisions go wrong.