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Kerlchen
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The Break Even Trader: Giving It All Away in Big Chunks
Kerlchen replied to ajhunter's topic in Trading Psychology
Good point mighty. Is it not hitting the opportunity with maximum strength rather than greed to be in the club of 5% who win big? -
The Break Even Trader: Giving It All Away in Big Chunks
Kerlchen replied to ajhunter's topic in Trading Psychology
I think many of us would deny that we get greedy. At least I thought for myself, oh no, I cannot be greedy. The moment one makes a good trade one switches from managing the loss and the focus is on how much more one could make if the stake was doubled. I have decided to stay with one single sentence, that is what I tell myself now before each trade: "How much am I going to lose?"