Newcomers and their greediness
Mitglied seit Aug 17, 2020
123 Posts
Dec 14, 2020 at 05:30
Greed is certainly a tough emotion to conquer. In my experience beginner's greed diminishes as one acquires more knowledge and learns more about what profits are realistic and unrealistic.
Mitglied seit Jul 20, 2020
232 Posts
Dec 17, 2020 at 14:04
Greed is the most dangerous enemy for a trader. He should avoid greediness while he is trading if he wants to become a good and profitable trader.
Mitglied seit Nov 03, 2020
65 Posts
Dec 21, 2020 at 10:15
Greed makes us feel emotions that negatively affect trading, so this fact must be taken into account.
Mitglied seit Mar 17, 2021
536 Posts
Mar 19, 2021 at 06:50
I always recommend to new trader first trade in major pair. Don’t try other minor pair.
Mitglied seit Jul 23, 2020
869 Posts
Apr 10, 2021 at 16:17
Hrenz posted:Traders prefer to trade with major pairs due to volatility issues. Also, there is a lot of information available regarding those pairs.
It makes no sense to take a pair that is less popular, because you need to be able to work with it.
Apr 15, 2021 at 05:12
Sarjohn posted:These are some really good tips... How long have you been trading?
There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions.
1) Have a Trading Plan
2) Lower Trade Sizes
3) Keep a Trading Journal
4) Learn From your past mistakes
The more your practice, the more you learn.
Mitglied seit Apr 16, 2021
8 Posts
Apr 16, 2021 at 09:34
Sarjohn posted:
There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions.
1) Have a Trading Plan
2) Lower Trade Sizes
3) Keep a Trading Journal
4) Learn From your past mistakes
I would agree with this as long as the trading plan includes lots of learning and strategy development
Mitglied seit Mar 17, 2021
536 Posts
Oct 04, 2021 at 20:49
opportunitycalls posted:I also agree with these points.Sarjohn posted:
There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions.
1) Have a Trading Plan
2) Lower Trade Sizes
3) Keep a Trading Journal
4) Learn From your past mistakes
I would agree with this as long as the trading plan includes lots of learning and strategy development
Mitglied seit Apr 09, 2019
538 Posts
Oct 05, 2021 at 14:22
(bearbeitet Oct 05, 2021 at 14:23)
The issue is focussing on how much profit they can make rather than how much risk they are taking. One you can control and the other not so much.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Oct 04, 2021
1 Posts
Oct 05, 2021 at 22:15
(bearbeitet Oct 05, 2021 at 22:15)
I trading plan separates professional traders from beginners. However, being a beginner means you should always try whatever works for you until you get it right.
This is a complete guide of how to create a winning trading plan:
Good luck!
This is a complete guide of how to create a winning trading plan:
Good luck!
Mitglied seit Mar 16, 2021
477 Posts
Oct 06, 2021 at 02:32
Risk management is required from new traders to professional traders. And trading should be done keeping greed away.
