Which is the bigger demon in trading?

M

Matt24SPFL

Fear or Grandiosity?

(Grandiosity is having an unrealistic expectation that you will succeed.)

I'm curious to hear from some of the vets.
 
Quote from Matt24SPFL:

Fear or Grandiosity?

(Grandiosity is having an unrealistic expectation that you will succeed.)

I'm curious to hear from some of the vets.
More...


They are different sides of the same problem.

They both reflect a lack of appreciation and understanding of the subject matter, be it trading or any other endeavor.
 
Quote from TheKryptoKid:

Bears fall harder and faster than bulls rise

Fear wins hands down
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Agreed. Fear causes you too freeze which can kill you.
 
Quote from damnit:

Greed. Why do you care if you are losing money trading bro?
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Great answer ... in the end, we all think we can "make it" at this game, so he's right, it doesn't matter if you're losing money, because you "think" you can always turn it around.

Good trading,

JJ
 
Quote from JimmyJam:

Great answer ... in the end, we all think we can "make it" at this game, so he's right, it doesn't matter if you're losing money, because you "think" you can always turn it around.

Good trading,

JJ
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Never really thought about it from that angle..

Very true.

Then where do you draw the line between being aggressive and being greedy? Are you greedy for risking more than 20% of your capital on one trade? What defines greed?
 
Stock is up a buck then retrace to 50 cents ( or some amount). Greed is when all you see is that dollar of profit you had.. The focus is not where you're at but rationalizing, wanting that whole dollar back. You hold, tomorrow it'll go up. There are other definitions.
 
Quote from Matt24SPFL:

Fear or Grandiosity?

(Grandiosity is having an unrealistic expectation that you will succeed.)

I'm curious to hear from some of the vets.
More...

Grandiosity. It makes you take bigger positions than you should and you forget about all scalability issues.

Fear is actually good, it keeps you conservative. I wish I was always afraid, it'd make me a much more disciplined trader.
 
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