#TradingMistrake101
#fear&greed
Greed and Fear: Don't let it play with your money!
In the trading market, your real enemy is not the market, but your emotions: greed and fear!
Greed tells you: "Just wait a bit, maybe it will double more!"... And suddenly? The currency drops and the profits vanish. Did you see a 20% profit? Excellent! Don't wait for 100% and get attached. Simple accumulation earns you in the long run.
As for fear? It makes you sell at a loss just because the currency dropped a bit, and then it rises and you bite your fingers in regret!
The solution? Control your emotions and stick to your plan. Don't be greedy, and don't be afraid.
Trading is a game of the mind, not emotions. If you feel like everyone is winning and you're not? Ignore the noise.
Be smart... your emotions can't analyze the chart!