When most traders buy – they should sell! Or fear, the main emotion, scares them away from a great deal. Or their rate is too high. Capital management process is emotional and not logical. 3. Greed prevails, proving that you are more motivated by greed than fear and Understanding the difference. The mere fact that you're a trader – which means that you have less fear than the "normal" person.
You are more motivated to earn money. Other people are more motivated not to lose money. Greed – it Ahilesova heel traders. Greed will nourish hope, encourage you to keep losing trades and grabbing profits too quickly. Hope your worst enemy because it is the cause of your dreams about the huge profits, and leads to an unreal world. Believe me, the world of speculation is very real, people lose all the money that are, broken marriages, families wander apart from the increase in income or loss. My approach is this – do not take all close to heart; gains may be fleeting, always pursued by the tax authorities, lawyers and unscrupulous investment intrigue.
Way to control your greed may be different from mine, and I can not give you the exact definition here, but I can tell you that you have to control your greed, otherwise you will not survive. 4. Fear hinders the adoption of risk – only if you should accept it. Fear is the reason why you do not do what you should do. You scared himself, unlike the winners, and take the trades that are lost or going nowhere.