Greed is really bad
What level has your greed gotten to that you đ«” a trader with $1,000 capital would place a trade and you will see $750 profit and you wonât take any profit
You will make up your mind to take at $1,000 floating profit, eventually when it gets to $1,000 profit you still wonât take any
You will want it to get to $1,500 profit so you can close and when it gets to $1,500 profit you will tell yourself
â if it can go from $40 profit to $1,500 profit, then it can also reach $2,000 profit â
While waiting for $2,000 profit, the market would start going against you,becauseâŠ..!
come on, we have other traders on the other side, they also need some profit
Your $1,500 profit would dump down to $1,200 profit and you will say to yourself
â let it pump back to $1,500 profit let me close â
But while you are still waiting for $1,500 profit again, your profit would dump down to $910 and once Again, you will make up your mind to take profit at $1,000 but while you are waiting for $1,000 profit again, you will see your trade running in $580 profit
This is how it will continue until it gets to $100 profit and if you fail to take that $100 profit, the market will take it back from you, you know the market doesnât care about you
You need to be smart here and take calculated risk
Donât let your greed blind you like it has done to others
Respect money, respect your capital
Donât let anyone steal them from you
Hope you do learn something from this piece
