Fighting greed

Discussion in 'Trading' started by Jdesey, Jun 24, 2022.

  1. Bad_Badness

    Bad_Badness

    Adding to what Handle says, it is about hundreds of trades.

    As soon you start twisting yourself around a single or a couple of trade it is a bad place to be not only consistency for the long run, but also psychologically of second guessing.

    Ask yourself, "Am I here to make a few dozen trades? Or Am I here to make hundreds or thousands over years?"

    As the say, "Trade like you mean it".
     
    #11     Jun 24, 2022
    nooby_mcnoob likes this.
  2. Unless your average realized PnL is negative.

    Brillant
     
    #12     Jun 24, 2022
    murray t turtle likes this.
  3. SunTrader

    SunTrader

    You'll maybe get it someday.

    Never going broke taking a profit means cutting your winners short.

    Profitable, beyond a trade or two, means cutting losers short.
     
    #13     Jun 24, 2022
  4. Fighting greed is really very tough thing to do. You know it is not good for you but you still can't control your emotions. Everyone knows what is his or hers saturation point but still wants more. You should stop at that point in order to be consistent and profitable.
     
    #14     Jul 21, 2022
  5. tomkat22

    tomkat22

    I've pretty much got that emotion under control and dont stress too much about it. It's that other emotion that's the bane of traders that I'm still wrangling with...fear.
     
    #15     Jul 21, 2022
  6. ElCubano

    ElCubano

    There are only two emotions: love and fear
     
    #16     Jul 21, 2022
  7. Greed can be controlled by self-discipline and by having mental toughness.
     
    #17     Jul 27, 2022
  8. easymon1

    easymon1

    #18     Jul 28, 2022
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    #19     Jul 28, 2022
  10. Overnight

    Overnight

    Yeah, I did, got 150 ticks of it. But I'm still down 1800 fucking ticks from my May entry long at 33.8. So what is the question? Did YOU make any money off of this, or are you just going to post charts, boast about phantom gains, and claim you are the best trader ever?
     
    #20     Jul 29, 2022