#BinanceTurns8
Greed in trading is considered one of the most dangerous psychological factors that lead traders to make reckless and uncalculated decisions, often resulting in significant losses. When greed takes over, traders ignore the trading plans and strategies they had previously set, and they desire to achieve greater profits without regard for the level of risk. This may lead them to open excessive positions or fail to close a profitable trade at the right time, longing for more, ultimately resulting in the loss of what they have achieved. Controlling greed and self-discipline are among the most important keys to success in the trading world.
