When Greed Keeps You In

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This is a major issue with many business people and investors. Especially those who are players in the markets. Sometimes, you've made more than enough money for the day, but because you see just one last opportunity, you want to still juice it. If luck is on your side, that trade is successful. You don't still get out.

You still stay in, all excited - thinking that you'll make all the money in the world. One successful trade after another, you still want more. Until you place a trade that doesn't come in. One bad trade. Suddenly you feel unsatisfied with all your wins, you just want to get back to that amount you reached.

And you'll lie to yourself that when you get back that amount, you'll call it a day. Luck strikes again, you get back to the amount you reached. But yet, you refuse to call it a day. Telling yourself - just one more trade. Unfortunately, another bad trade. The urge comes again to get back to the level you already reached.

This time you promise yourself that if you get back to that amount, you'll definitely call it a day. But unfortunately, the next trade is perhaps bad, and the next one after. Surprisingly, such a trader sees him/herself losing back to back all the money they've made. And even if they're still in some profits, they refuse to rest for the day.

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This is usually called the recovery ladder - when traders struggle with all their mind and body and soul to get back lost money. But the problem with those kinds of moments is that the trader loses all sense of emotional control. Heart beating fast like you were in a battle field, fighting for your life.

The best thing to do in such situations is close your system and run away. It's called run away, because you know that if you don't run away, you may blow out your account. But unfortunately, greedy traders lack the discipline to run away. So they say to themselves that they rather lose everything. And eventually they do. When greed keeps you in the market, pain will surely take you out. Don't let that be you.

Thanks for reading. If you have any contribution, kindly drop it in the comment section below. Bye for now!!!