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When we are Greedy then the amounts of losses can also get increased for us.“Never be greedy” is surely one of the most important lessons if traders understand its value. Where everyone is constantly focusing on making money, you need to keep patience to be able to identify profit-making situations and ensure that you are capable of taking the advantage before you open a trading position.
We will have to bring down the Greed when doing our trading into the markets.Managing and dealing with greed is not something that can be solved in a few trades over the next few days; it takes time and practice. I believe the most important thing you can do to overcome greed is to concentrate on yourself. When you focus on other people's results and the money they make, it's easy to become greedy. Also, being disciplined and following the trading plan will help you stay out of greed.