"What’s your biggest challenge in risk management?

[yariv282]

"What’s your biggest challenge in risk management?

1️⃣ Sticking to stop-loss
2️⃣ Emotional trades
3️⃣ Deviating from your plan

 

[bigmistake]

Emotional trades. A small amount is easily controlled, but a higher amount easily affects my decisions and chase losses like gambling.

 

[nine]

I think 1 and 2 are examples of 3. So 3.

 

[ChelseaR]

Emotional trades definitely. It's so hard to control the feeling of greed.

 

[bigmistake]

I realize that I am not greedy, I always stick to safe and affordable stop-loss levels and aim for moderate take-profit targets. However, my main issue is overtrading. I tend to keep trading in an attempt to earn money as quickly as possible, often without properly analyzing the current market trends.