Article Greed is the Flip Side of Fear

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Merriam-Webster’s Dictionary defines greed as simply, “… a selfish and excessive desire for more of something (as money) than is needed.” Greed is often referenced as one of the main contributors to trading loss. Greed mangles the mind by distracting the trader from what matters most in the trade, which is quite frankly, to protect your capital by prudent planning and following rules. It also distorts your judgment regarding high probability strategies and effective follow-through. Additionally, it is the other side of the fear coin; that is, greed can arguably be thought of as a fear of not having “enough.”
Of course, having enough is a purely subjective notion, but for the reasonable person, someone who wants more, more, more, as in getting every cent in a move, or wanting more than one’s share, is considered “greedy.” Whether we’re talking about the fear of loss or the fear of not having enough, either way it is a very difficult emotional challenge to getting the trading results...
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