traders are controlled by two emotions fear and greed.
we all know how to control fear but when it comes to greed, it's hard to control as it's much more stronger than fear.
at least, we can recognize fear but greed,I don't think when we can realize it till after-the-fact.
and it gets worse , when greed is mixed with euphoria specially after a winning streak making us as traders feel like we broke the market's code!.
so how can we practically control greed and recognize when we feel greedy?
one of the things I came up to is having a trade plan and stick to it till end and stick to the practice of filling trading log sheets before before executing the trade.
any experiences?
we all know how to control fear but when it comes to greed, it's hard to control as it's much more stronger than fear.
at least, we can recognize fear but greed,I don't think when we can realize it till after-the-fact.
and it gets worse , when greed is mixed with euphoria specially after a winning streak making us as traders feel like we broke the market's code!.
so how can we practically control greed and recognize when we feel greedy?
one of the things I came up to is having a trade plan and stick to it till end and stick to the practice of filling trading log sheets before before executing the trade.
any experiences?
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