Two serious problems in trading, which each one of us has faced at one stage or the other -- Greed and Fear. Most of us are still struggling with these issues. According to Wikipedia Greed is an inordinate or insatiable longing for unneeded excess, especially for excess wealth, status, power, or food. Simply put when the trader do not take profits at...
Put 10k in the market, buy stocks worth 50k or more on leverage and sell at 1k profit which is 10% profit on the investment capital..That's amazing!! Isn't it? The bad part is, the anomalies to this hypothesis adversely impacts more than 90% of time. And the so called 'better business' turns out to be a losing affair for more than 90% of our trading community. ...
There is sufficiency in the world for man's Need but Not for man's Greed "Are you Greedy?" and most will deny it. Then follow-up with, "Would you break the rules if it benefited you financially?" And the answer might be, "How much money are we talking about?" Few people identify themselves as "greedy" but when it comes to money versus Discipline, we like to...