đąOVERCOMING THE SELF-DEFEATING EMOTIONS LIKE GREED AND FEAR IN TRADING
WILL MAKE YOU GREAT NOT ONLY AS A PROFESSIONAL TRADER BUT ALSO IN THE PHYSICAL WORLD .đąâ
How I overcome each of them personally and you too can do it
GREED &FEAR -: I intentionally put this two words together because They are very significant in a trader's life .
Greed in trading is excitement over anticipated future profit , it most times goes against most
Trader's , in the fact that am also a victim .
Time went on I discovered what triggers me to get greedy It mostly happens when I compared my gain with an online friend who might have made a Very huge significant profit , therefore
Making me to disregard the current price action.
This should be an opportunity for you to reflect on what triggers you to be greedy as a Trader before it gets sow .
Fear on the other hand happens each time I have hit my stop loss quite a few number of times this makes me lose focus on the price action of the market, making me lose profitable opportunities, it takes me out of the current reality of the market .
Until I asked myself this three questions , why am I afraid , is it because of the price action , is it because of my own insecurities.
Asking yourself this questions will make you a good professional Trader and you have to be honest with yourself, in deep thoughts about the
Three questions.
The negative thoughts of fear & greed are inevitable in trading , the question is are you buying into them or not , this leads to why to be a successful you have to understand the current
Market conditions , that's been market focused and not been self -focused or other focused .