How to Control Greed and Fear in Trading?

MAIN TALKING POINTS FOR MANAGING FEAR AND GREED WHILE TRADING

  • Fear and greed are two motivators that affect how we conduct our daily lives.
  • These factors might have a negative impact on trade.
  • By considering the larger picture and making advance plans, traders may get rid of these forces.

Financial markets are often said to be driven mainly by greed and fear. Although this is oversimplified, fear and greed significantly impact the psychology of trading. Knowing whether to let these emotions run wild or control them might be the difference between a lucrative deal and a short-lived trading career.

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