Discussion in 'Trading' started by IronFist, Jan 25, 2010.
Fear is always stronger than greed, thats why a popular misconception is that newbies overtrade. patently untrue, in fact if anything they UNDErtrade
Just posted this in another thread recently; I think it answers the question.
It depends upon the gain vs pain ratio.
Fear â itâs why price falls on average 2 Â½ times faster than it rises
It is not very intelligent to associate greed with long and fear with short.
Both are associated with mental mistakes usually associated with linking a balance sheet to doing the trading routine.
There is a line in the sand that has to do with learning to count chips after the game is over. It is a before and after thing.
for the first time, jack wrote a sentence that I can understand.
When one getâs past the elementary BS you espouse â it is not very intelligent to associate fear and greed with anything but rising and falling prices
Get past the âeveryone around here is a mental midget/ emotional wreckâ crap... Every trader is responsible for standing on their own two feet, their trading, and their success or failures â periodâ¦
Oh thatâs right your ego wonât allow that will it guru â always feeding the reliance on you â as are the only one with all the answers
I read somewhere in that a statistical study of price behavioral psychology they found that the fear of missing out on a Market move is 4 times greater than the fear of losing money.
To simplfy: Greed is the fear of missing out on something
So much for "Redneck" being a gentleman all the time
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