How to be non-greedy in trading?

old troublemaker in mountain city
山城老刁民

What is greed?

Seeking more and not being satisfied is greed. Many people know that this kind of greed is not good, but they often cannot control themselves from committing such a problem.

Obtaining improper income through improper means is also greed. Many people understand this kind of greed, and they can control themselves not to do it. After all, the price of breaking the law is huge.

The persistent pursuit of ideas is also a kind of greed. Many people are unaware of the existence of this kind of greed, and they themselves suffer from this kind of greed.

In life, we often see people who are greedy for petty gain and are not enough, and we often see people who are punished for corruption and bribery. We all feel that they are not good. Everyone thinks that such a person is very good! I also hope that I can become such a person.

It is not a bad thing to have ideals and pursue success, but it is not a good thing to go too far and go to extremes. It will become a kind of greed, obsessed with ideals and success.

As a trader, the pursuit of profit is understandable and very natural, but it is problematic to be obsessed with profit, and it is even more problematic to be obsessed with profit and hate loss. There is no profit or loss in trading. There is no profit-only transaction, and there is no profit-only transaction. Even for long-term holdings of value investment, there are also fluctuations in the withdrawal of account funds. Profit and loss are extremely common in transactions. What should be earned and what should be lost is the attitude that a trader should have. Blindly pursuing profits and extreme aversion to losses are all due to the wrong consciousness caused by the greed for profits, which makes him always lose money in trading. They are eager to secure their pockets, always unwilling to stop losses, making small money and losing big money for a long time.

Do not be greedy in the transaction, start from accepting the loss, let yourself learn to live with the loss peacefully, and don't regard the loss as the enemy of the transaction.

Work hard for your ideal! Strive for success! But don't think that if you work hard and struggle, you must succeed, you will succeed. The future is uncertain, "it is up to man to plan, but it is up to heaven to achieve it." Only when we understand this truth will we not be arrogant because of success, and abandon ourselves because of failure.

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Last updated: 09/11/2023 08:41

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