Managing fear and greed while trading

[syvellevy]

Managing fear and greed while trading

how to manage greed and fear to be a successful trader

[AbdulShiek]

Well, one has to manage emotion to overcome fear and greed.

[tyntynfx]

Traders should have a trading plan in place to avoid any emotional impulses that deviate from the plan. Some examples of this include: overleveraging, removing stops on losing positions, doubling down on losing positions.

[Mr. Cid]

It is nearly impossible to manage fear and greed in any investments.

[Newbie_trader]

It is nearly impossible to manage fear and greed in any investments.

Correct. There's a rule. You should not invest when you cannot afford to lose.

[AbdulShiek]

It is nearly impossible to manage fear and greed in any investments.

Yeah, but we have to trust our guts because nothing is impossible.

[Aya]

Yeah, but we have to trust our guts because nothing is impossible.

Still. we cannot keep depending on our gut feel. It is okay to follow our instincts but we must not forget about the risks that the market poses.

[Trader_Rob]

Still. we cannot keep depending on our gut feel. It is okay to follow our instincts but we must not forget about the risks that the market poses.

The important thing is to set a goal and try to keep as close to it as possible. When emotions overwhelm us, we tend to steer away from the objectives and this is what we should avoid.

[alkeanAnidem]

Another scenario in which fear tends to defeat traders is just before entering the market. Although the analysis points to strong entry, traders may be overwhelmed by the fear of losing and may move away from well-thought-out trades.

[vitadlmundo]

Greed is very different from fear, but if not handled properly, it can easily get traders into a lot of trouble. This usually occurs when a trader decides to invest more in the same trade to take advantage of a winning trade, in the hope that the market will continue to move in the trader's favor.