Don't be Trading GREED

Hi Traders

How are you…what’s happen in your trading life…
Let’s discuss about GREED:
Greed tends to keep a trader from closing out a position when a reasonable profit has already been made, in the hope that the stock price will go even higher.
It�s very easy to be greedy in this business. You always want more. If you have made 100 points profit in a trade, you want 200. And the moment you have 200 points profit, you start looking for 300. This lack of satisfaction is one reason why some people get themselves in trouble.
So how would you avoid this feeling of greediness?
To avoid being greedy with your trading, you may want to know the reason behind thatwhy is it so easy to be greedy with the trading…

happy trading
forextrend

Actually, it is NOT GREED that keeps traders from closing out for a profit.

[B]IT IS THE LACK OF A WELL DEFINED TRADING PLAN AND/OR THE LACK OF DISCIPLINE TO STICK TO IT.[/B]

You can be the greediest bastard on the planet but if you have a trading plan and the discipline to stick to it, you’ll exit the trade as planned.