Forex, Greed, and Risk

Hey everyone. I have a question, and hopefully this is an OK place to ask it...

Its regarding "over trading", and if that is even a real thing or if it is just relative to your trading time frame... here we go...

I am a new trader (since December 2019). I have a trading plan. Its simple. It involves making just one trade per day off of the 4h charts (forex) with a SL and TP always set at a 1:2 RR and the risk always as close to 1% as I can get each time. Basic, and simple. I came up with this plan so i did not have to stare at charts too much as I have other things going on in my life outside of the forex world...

BUT...

early this week something odd happened... I found myself suddenly on one min charts, using the same rules and making heaps more trades. I talked my self into it saying "one trade a day on a 4h chart is an equal amount of trading as many trades on a one min chart... right??? If I nail this, I will get the same results in a fraction of the time!"

But it was very full on. I have since gone back to my "one trade a day" plan, but I can help but think that maybe there was something in my above thinking, which leads me to even wondering if "over trading" is even a thing???

I would love to hear everyone's thoughts on this

Exactly. One of the scariest things for a trader,especially for a beginner like me. Any good tips on how to control greed?

Greed Forex destroys the future. Greed never leads to success in trading. If you can manage risk without greed then success in trading is very close. Greed is a part of the emotion. An emotional trader can never consistently profit.

Yup correct. That is why everyone simply suggests on the importance of control on your emotions in order to be profitable.

Control over one's emotions in on itself does not lead to profits, but it certainly helps a lot when one already knows how to trade.

Agree, it does not lead to profits, but rather it helps you not to overblow your account.

the trading life not only , in real life greed also a major problem , because greed instantly works , for that reason beginners cant control it . ultimately become loser.

True. Controlling one's emotions is important, together with actually learning how to trade.

Forex, greed and fear simply put you in trouble.

Very good post. It will help every trader to make their decisions easily.

Greed clouds our judgement. It can cause us to make trades that we'd otherwise avoid if we were thinking clearly. It can make us take more risk than we should.
Greed makes us feel "its not enough" all the time.

Greed has no place in a successful trader's journey.
Remember, the more rational and practical one is while trading, the better he is going to be rewarded.

Yes greed is the cause of destruction. It leads to over trading and unnecessary trading. Profit target should be logical and also should match with skills. If I have ability to get 50 pips, my expectations should not more than that.