HOW TO CONTROL GREED IN TRADING
Gordon Gekko aka Michael Douglas, in the 1987 movie, Wall Street, famously raved about it when he said - 'Greed, for the lack of a better word, is good." When it comes to the stock market, it is easy to become obsessed with making as much money as possible to 'get rich quick.' Almost always, it is this psychological trading perception of garnering a large amount of wealth within a short period of time- that attracts many to the stock market.
Yes, trading stocks can provide you with the opportunity to make quite a lot of money and possibly, even get rich. But there's a catch – there exists a fine line between trying to extract the best from what the stock market has to offer and becoming 'greedy.
This is a line that you must draw in permanent ink, particularly when trading.
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