Overcoming greed

[ChelseaR]

Totally relatable. What’s helped me is setting a clear profit target before I even enter the trade and sticking to it no matter what. It’s so tempting to let it ride, but I remind myself that a reasonable profit now is way better than risking it all for a little extra. Discipline over greed, always.

I totally agree! I always used to get tempted by the idea of squeezing in a little bit more but I have learned this the hard way that a little profit is better than losing it all away. I too keep a clear target before entering and focus on that.

 

[fargana]

I totally agree! I always used to get tempted by the idea of squeezing in a little bit more but I have learned this the hard way that a little profit is better than losing it all away. I too keep a clear target before entering and focus on that.

Yeah but still it is important to maintain adequate risk-reward ratio because if loss per trade exceeds profit you won't be able to make money (unless you have high win rate, but I'm not a fan of such strategies)

 

[Milo_fx]

I totally agree! I always used to get tempted by the idea of squeezing in a little bit more but I have learned this the hard way that a little profit is better than losing it all away. I too keep a clear target before entering and focus on that.

Good for you chelsea

 

[David79]

Totally relatable. What’s helped me is setting a clear profit target before I even enter the trade and sticking to it no matter what. It’s so tempting to let it ride, but I remind myself that a reasonable profit now is way better than risking it all for a little extra. Discipline over greed, always.

Exactly! How do you handle it when market moves and the your past target after you exited?

 

[fargana]

Exactly! How do you handle it when market moves and the your past target after you exited?

It takes years to learn to accept missed profits as well as streak of losses. You have to adapt your mindset to think long-term and realize that separate profits or losses doesn't matter, what matters is trading system characteristics like average returns, max drawdowns, sharpe ratio and other metrics which can accurately describe how good performance of your system

 

[David79]

It takes years to learn to accept missed profits as well as streak of losses. You have to adapt your mindset to think long-term and realize that separate profits or losses doesn't matter, what matters is trading system characteristics like average returns, max drawdowns, sharpe ratio and other metrics which can accurately describe how good performance of your system

I completely agree. It took me a while to shift my focus to the bigger picture. How'd you focus on long term?

 

[Gito Dinev]

Overcoming greed in trading comes down to setting clear profit targets and sticking to them. I focus on discipline, remind myself of my long-term goals, and use stop-loss and take-profit orders to avoid emotional decisions. Accepting that small, consistent gains add up over time helps keep greed in check.

 

[Ximan]

A good trick is to overcoming greed is to take partial profits as your trade reaches a certain level—this locks in gains while keeping you disciplined. Also, use stop-loss orders to limit potential losses and reduce emotional trading.