There is a program that is on television, it's called, "What would you do?" They run various scenes that they established with actors and see what and how the general public will react. Type of like Honest Video camera did years back.
That these emotions exist is not a problem in itself. The problem is that they are capable of having fun with a trader's decision making process by eliminating reasoning and sound judgment and developing an environment for irrational trading choices, the kind that can just cause damage in the long run.
Objectives of making $20,000 and even $100,000 in one trade typically stem on greed or the lack of education in the futures markets. Such trades are very uncommon, if at all possible. You can however, make a great deal of $2,500 -$5,000 profits by setting objectives to leave trades based on reasonable expectations. These expectations might include, the market hitting an assistance or resistance level, when costs struck a 30% or 50% retracement level, when some other development is formed, or when a space is produced. These are all good exit points and times to take your earnings.
"If it is to do with being an effectiveperson in life, I think greed and lust for life, desire for money and greed for accomplishingmore and more are reallyexcellent to have," states her other half Prem. "Gandhiji, if you actuallytake a look at it, had desire Human greed,money greed,money greedy for flexibility, he had a passion to get more for India. To me lust and passion are equal. You need to go in fora growing number of to attaina growing number of. Because Gandhi had lust for freedom, he could get us flexibility." Verylegitimate point.
But why is it then that such a big number of traders get driven by psychology and fail? Intelligent people with a high level of education see their trading accounts wear down taking one loss after the other.
Greed for money and comfort is warranted. Freud, the father of psychoanalysis, and not Karl Marx as is popularly thought, stated, "The motive of human society is in the last option an economic one". We suppress our instinctual "satisfaction concept" for "reality concept". This suppression at the end of the day is for the sake of being able to satisfy our impulses, which are still primal in nature, through the fulfillment of our economic functions. Today, we forget to please the primitive urge for the enjoyment of human friendship. If the pleasure concept is completely forgone for the truth concept then there is bound to be mayhem. It is this absolutism that you require to be wary of.
The problem is that we all wish to prosper and when we do make a loss, it is simple to let those losses effect us emotionally out of worry to lose a lot more.
Ask yourself, "When others have what I think about "too much cash" how do I feel in my body about them? positive and negative effects of greed on society what am I basing my judgment upon? Who says it's too much? God? (I promise you God doesn't judge, and in reality provided you free choice to do, be, and have whatever you want.) ONLY people judge. And judgment glues you to the negative element of that which you judge.
