Greed is profitable or detrimental to Traders?

Greed is profitable or detrimental to Traders?

instaforex

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Greedy can be said as a human trait since birth. I think greedy is hard to get rid of if it's not really disciplined to deal with it. Do you think this greedy nature is actually beneficial or actually detrimental to traders?

Linkback: https://www.forex.zone/general-forex-discussion/1/greed-is-profitable-or-detrimental-to-traders/2695/

#1 - October 13, 2019, 12:17:39 AM

Re: Greed is profitable or detrimental to Traders?

Libra

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it is clear that greed is more likely to be detrimental to traders than profitable because in forex trading you have to be patient and realistic.

#2 - November 12, 2020, 04:15:51 AM

Re: Greed is profitable or detrimental to Traders?

Forexin

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Being greedy without calculation is definitely detrimental, but if you are greedy in the sense of maximizing your profit and making a trailing stop, it will be more profitable.

#3 - November 12, 2020, 06:03:35 AM

Re: Greed is profitable or detrimental to Traders?

ariezz

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greed is definitely more detrimental than profitable because in running forex trading a trader must be able to control himself and avoid being greedy

#4 - November 12, 2020, 08:26:55 AM

Re: Greed is profitable or detrimental to Traders?

Jatsun

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Greedy in forex trading, usually making trades with many transactions regardless of risk, always thinking that trading will be smooth, whereas on the contrary this will make them lose big and experience failure.

#5 - November 12, 2020, 11:27:22 AM

Re: Greed is profitable or detrimental to Traders?

Sugeng Setiadi

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Scattering is one of the mentally weak and also bad psychology so that it is more detrimental to traders if traders are unable to overcome this greed.

#6 - November 12, 2020, 02:36:05 PM

Re: Greed is profitable or detrimental to Traders?

Jajami

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It is very detrimental, greed is not very good because it is more than what we can get, it increases the risk of trading.
so never get greedy, realistically trading is better.

#7 - November 15, 2020, 10:21:06 AM

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Re: Greed is profitable or detrimental to Traders?

TechnoPips

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I believe that trading efforts with greed will not result in a profit, if you have a profit it will definitely run out again.
Trading greedily will always ignore the trading rules.

#8 - November 16, 2020, 11:14:19 AM

Re: Greed is profitable or detrimental to Traders?

Widiaty Syahnazia

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Human nature, if it cannot be controlled, will be detrimental including greed for this trading, you need calm and good calculations regarding money management or analysis and so on.

#9 - November 16, 2020, 12:04:02 PM

Re: Greed is profitable or detrimental to Traders?

Forexin

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Quote from: Widiaty Syahnazia on November 16, 2020, 12:04:02 PM

Human nature, if it cannot be controlled, will be detrimental including greed for this trading, you need calm and good calculations regarding money management or analysis and so on.

yes, of course it's human nature to be greedy, and if you can't control it it can turn back to harm, but I think if we can create a safe trading system with greed it can be done.
for example when the position is floating plus we can make a trailing stop and let the price continue.
that sort of thing can make a lot of profit out of greed.

#10 - November 16, 2020, 03:02:08 PM

Re: Greed is profitable or detrimental to Traders?

aizafx

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If you are greedy in forex, hence will become disastrous your account, although sometime you might get huge profit at a short time, if always continuously greedy in trading eventually will blow up your account and the end will felt regret

#11 - November 16, 2020, 11:23:00 PM

Re: Greed is profitable or detrimental to Traders?

Tahajud

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Greed is the beginning of destruction for traders, there have been many examples of traders who have fallen because of greed, so we must be able to control ourselves so as not to sink into greed, we must be able to control ourselves

#12 - November 17, 2020, 12:30:50 AM

Re: Greed is profitable or detrimental to Traders?

Miracle Fx

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There have been many who have failed because of greed, there is no reason to be greedy and put forward selfishness to trade without rules.
Greed like that one day can drop us into failure.

#13 - November 17, 2020, 01:40:29 PM

Re: Greed is profitable or detrimental to Traders?

Trader Hijrah

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As far as I know greed is not a good thing, in any case, not just in terms of trading. so if it's not good it will definitely have a bad impact if we have greed. so maybe we can handle slowly how we can escape from this greed

#14 - November 17, 2020, 10:52:48 PM

Re: Greed is profitable or detrimental to Traders?

Rizky_Rizal46

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greed is one of the things we must eradicate because it is a ghost that can ruin our trading. we must be able to avoid or overcome greed.

#15 - November 18, 2020, 06:17:44 AM