Have you ever made a winning trade... only to turn it into a loss because you "wanted more"? 🔄 This is the knife of greed that cuts the profits of smart traders.
Greed is not just a fleeting feeling; it is the **most dangerous psychological enemy** faced by traders. How does it manifest?
◾ Ignoring the trading plan and waiting for unrealistic gains.
◾ Recklessly increasing the size of trades after a fleeting success.
◾ Insisting on quick compensation after a loss (Revenge Trading).
**The result?**
A shocking statistic: 90% of catastrophic losses in the markets are caused by **loss of discipline** due to greed!
**How do you protect yourself?
1️⃣ **Stick to your plan:** Set profit/loss goals in advance and respect them as a contract with yourself.
2️⃣ **Use a trailing stop loss:** It locks in your profits and limits your immediate greed.
3️⃣ **Test your strategies:** The market is not a place for guessing – rely on data, not emotions.
4️⃣ **Maintain a daily journal:** Write down your feelings before every trade – if you find "greed"... stop!
**Remember the wisdom:**
"The market is full of traders looking for quick riches, but the true wealthy are those who seek **continuity"
Profit is not a race... it is a marathon that requires patience and discipline. Cut your distance with greed today, before it cuts you tomorrow.
