How to be non-greedy in trading?
This question is the same as how to be self-disciplined? How to become stronger? How to improve academic performance? Self-discipline, stronger, performance and non-greed are a series of questions. The results after finding a series of answers come from two aspects: whether you know your goal well enough and whether you know yourself well enough.
For example, the price center of a commodity normally fluctuates between 40 and 60. Because of some unexpected events, the price hit 20. After the negative factors are eliminated, the commodity rises all the way to 80. In the whole process, what is 20 to 40, what is 40 to 60, and what is 60 to 80? Is it value return, supply and demand relationship, or transactional capital interference? This is to understand the goal and whether you can clearly know what money is earned at each stage.
And understanding yourself means that everyone has a different growth environment, capital volume, risk preference and investment expectations. The stronger the trading style, the shorter the time span of the favorable period and the higher the success rate. Understanding yourself is to find what you are best at and then use it in the place where you understand the most.
It was good to make 100, but in order to get 110, I ended up taking 50 and leaving. This is not greed, but ignorance. If you understand the market well enough and understand the conditions required for 100 to 110, then you can weigh whether it is worth waiting. The result is just probability: if you know yourself well enough, what you are sure of and can hold, and what you can't do, and figure it out, the rest is still probability. Do things with high probability in the long run, and mathematics will not lie to you.
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