Fear And Greed(4)

Greed and Trading


Greed creates the opposite problem.

After several winning trades, the feeling of invincibility supersedes being logical.

This will ultimately lead you ignore a successful timing strategy and into trades that you normally would not have entered.

Finding good buys and sells in market timing is "only" accomplished by sticking to a proven trading strategy.

But finding poor buys and sells, and ignoring your trading plan, seems to get much easier after a couple of winners.

Never mistake genius for profits derived from your trading strategy.

Genius loses money.

Trading plans make money.



By Frank Kollar