How do you control your greed - practically | Page 2 | Forex Factory

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How do you control your greed - practically

  • #21
  • Jan 2, 2025 1:22am Jan 2, 2025 1:22am
I am still trying to control my greed. When the setup goes into the direction I planned it to, I do get greedy.
  • #22
  • Dec 9, 2025 8:18pm Dec 9, 2025 8:18pm
Quoting TNTvak
Any advice anyone? I mean practically, down to earth strategies that worked for you - I do not need no paragraphs or CHATGPT generated responses, thanks in advance.

hello, it comes with trading experience, it comes with discipline when i become greedy or lose i turn off my pc walk away, the tough part is dealing with the thoughts of "revenge trading" or thinking about how much money i can make from it, its really tough but we just have to sit on our hands untill it passes then we can enter into the markets. what helped me was understanding that sometimes the best trade is not taking one at all, think about that for a second...


imagine if we didnt take that greedy trade our account balance would be normal how it was before we greed traded. If we are greedy and risk alot and win are we trading properly like how we want to? sometimes we win but it goes aganist our plan, its this really a trader? no. try think like hedge fund manager... if we are managing someone elses wealth via a fund, would it be appropriate to do this.. hell no
  • #23
  • Dec 10, 2025 5:39pm Dec 10, 2025 5:39pm
I control it by using an EA .. Totally emotionless
Im only here for the Guzzoline...
  • #24
  • Jan 11, 2026 5:53pm Jan 11, 2026 5:53pm
Alright, here is my honest advice for you. Just set up clear take profits, and your greed will fade away quickly. I’m an intraday trader myself, so when I’m in longs I place my take profit to the NEAREST highs or 1:2 RR fixed, that’s it. No need to open a trade and guess where to close it anymore.
  • #25
  • Jan 19, 2026 12:49pm Jan 19, 2026 12:49pm
Why are traders greedy? Because they hold positions, see it’s giving profits and want to hold it more and more, but the solution is to set clear profit targets. So, each time you enter the trade you must know when you need to leave it. To not check where the price is manually every 5 minutes, just set up take profit and stop loss orders. That should solve your problem.
  • #26
  • Jan 23, 2026 5:12am Jan 23, 2026 5:12am
The only thing that worked for me was a daily stop and a daily target with a hard walk away rule. If I hit either, platform closed and journal opened, because after that point greed speaks louder than my plan
  • #27
  • Jan 28, 2026 3:32am Jan 28, 2026 3:32am
Use limit orders. When you set them in advance, the plan is already made and emotions don’t get to interfere. Price either hits your level or it doesn’t. You just let the market run.
  • #28
  • Jan 29, 2026 12:26am Jan 29, 2026 12:26am
Greed is an emotion that grows when you feed more into it. By staring at the charts 24/7, you're simply feeding into your greed each minute you spent staring at those charts.

Solution? Mark down your price zones that you are interested in trading, set up price alerts when price goes to your intended range, setup a timer for 30 minutes, if price action behaves according to your strategy, enter a position, setup the ideal SL and TP, close the charts and setup another 1 hour timer before looking at the charts again.

Counter your inner desires of seeking out more entry opportunities by doing other things that provide your with alternative sources of dopamine, like go grab your favorite dessert, or play a game.

Hope this helps, and always remember that trading is a marathon, not a sprint. Please, for god sake, don't risk more than 3% of your total capital in a day. If you like to open multiple positions and scalp, divide your total capital risk % from 3% into 0.3% positions and you can take up to 10 positions if you wish.

All the best with your trading journey

SIA
  • #29
  • Feb 1, 2026 5:01am Feb 1, 2026 5:01am
greed is a hard challenge at first due to lack of experience within the market and excitement of new opportunity
rule of thumb, I always use risk management, this would talk to your psychological being and lastly money management, the discipline of how much money are you willing to loose.
journaling every trade and the emotional ride would be the practical for a rookie
  • #30
  • Feb 6, 2026 6:48am Feb 6, 2026 6:48am
Hi TNTvak. I totaly agree, I hate AI robotic answer too. I am Japanese, moving to Chiang Rai, Thailand now. Life is slow here, but my fingers still fast to click buy button when I see green candles... it is my bad habit.
My practical way is "Khao Soi rule". Khao Soi is my favorite Thai noodle, cost maybe $1.50. When my profit can buy 10 bowls of Khao Soi, I just shut down my laptop and go to local market. If I stay in front of PC, I always think "Maybe I can buy 100 bowls!", then market take back everything. Small profit is enough for living in countryside. I keep my daily target very small, then greed cannot find me.
  • #31
  • Feb 12, 2026 1:31pm Feb 12, 2026 1:31pm
What helped me most was deciding the take profit and the invalidation level before entry, then letting the trade play out without tinkering. A simple rule like partial close at 1R and moving stop to breakeven can reduce the urge to overextend winners
  • #32
  • Mar 2, 2026 9:51am Mar 2, 2026 9:51am
Quoting TNTvak
Any advice anyone? I mean practically, down to earth strategies that worked for you - I do not need no paragraphs or CHATGPT generated responses, thanks in advance.
You can't control greed and fear when you're in the trading session. The best thing I found was to not deny this feeling first. Knowing that I've greed made me slowly realize why I was having that feeling. I've been trying to incorporate this into the trading plan, but haven't been successful yet. What I found was when you acknowledge and don't deny this feeling, it eventually goes away. Market beats the s**t out of you and eventually I'm at a stage where I'll be happy to just make 5% a month.
  • #33
  • Mar 3, 2026 7:45am Mar 3, 2026 7:45am
Quoting achaggi
{quote} You can't control greed and fear when you're in the trading session. The best thing I found was to not deny this feeling first. Knowing that I've greed made me slowly realize why I was having that feeling. I've been trying to incorporate this into the trading plan, but haven't been successful yet. What I found was when you acknowledge and don't deny this feeling, it eventually goes away. Market beats the s**t out of you and eventually I'm at a stage where I'll be happy to just make 5% a month.
Totally support your mindset mate. You hit the nail on the head, as fighting emotions only makes them stronger. By acknowledging greed and fear instead of denying them, you strip away their power. It’s like shining a light on a monster, suddenly, it’s not so scary as you thought initially. However, incorporating this into a trading plan is tough because logic often flies out the window when money is on the line, but acceptance is the first real step toward mastery. And honestly, aiming for a consistent 5% a month is a huge win. The market will humble anyone chasing get rich quick dreams, but many realise it too late.
  • #34
  • Mar 5, 2026 2:18am Mar 5, 2026 2:18am
Quoting TNTvak
Any advice anyone? I mean practically, down to earth strategies that worked for you - I do not need no paragraphs or CHATGPT generated responses, thanks in advance.
You don't need to control your greed. It's much easier to learn to read the market and adapt accordingly, i.e. recognize when conditions are against you and when they're in your favor.
  • #35
  • Mar 13, 2026 5:07am Mar 13, 2026 5:07am
Quoting CoffeeFreak
{quote} You don't need to control your greed. It's much easier to learn to read the market and adapt accordingly, i.e. recognize when conditions are against you and when they're in your favor.
I get where you're coming from, but knowing when to trade or not to trade doesn't automatically fix the psychological state when you want to overtrade or hold losers for too long. The guy is asking about greed. You can have perfect market analysis and still let greed ruin you by taking size that's way too big or refusing to take profit because you want just a bit more. Reading the market tells you the setup, but it doesn't stop your brain from making irrational decisions when money is on the line That's why discipline and emotional control are separate skills any trader should have to work for alongside technical knowledge.
  • #36
  • Mar 13, 2026 10:28am Mar 13, 2026 10:28am
Quoting Mightwing
{quote} I get where you're coming from, but knowing when to trade or not to trade doesn't automatically fix the psychological state when you want to overtrade or hold losers for too long. The guy is asking about greed. You can have perfect market analysis and still let greed ruin you by taking size that's way too big or refusing to take profit because you want just a bit more. Reading the market tells you the setup, but it doesn't stop your brain from making irrational decisions when money is on the line That's why discipline and...
Sorry but you have the wrong understanding of market analysis. To quote triphop, another experienced trader:

Quote
Psych issues = no conviction in your market read = lack of knowledge about what's going on. Not issues stemming from that time at bandcamp

A proper market analysis is suppose to analyze the quality of the setup.

A trader that doesn't understand the quality of the setup, did a pretty poor analysis. In other words:

  1. High quality setup = low risk, high reward = conditions are in your favor, high probability of a win.
  2. Low quality setup = high risk / low reward = conditions are not in your favor, move on, high probability of a loss.


The whole purpose of a market analysis is to give the trader conviction to the point that they know they will lose if they overtrade, hang on to losers or size too large a low quality setup.

  • #37
  • Mar 18, 2026 3:32am Mar 18, 2026 3:32am
Plan your trades and trade your plan.
  • #38
  • Mar 28, 2026 1:34am Mar 28, 2026 1:34am
When I’m up $200 in a day, I just close my laptop. That’s the easiest way to avoid greed and overtrading. I’ve been there before, telling myself “this is the last trade”... and then giving everything back.
  • #39
  • Apr 2, 2026 3:00am Apr 2, 2026 3:00am
Once I’m at a profit of $100, that’s it. No more trades, no more new ideas. I think doing $100 daily is more than enough, just imagine, we have 30 days in one month. So making $100 everyday will earn you $3000 at the end of the month. Simple as that.
  • #40
  • Apr 6, 2026 12:58pm Apr 6, 2026 12:58pm
The perfect way to control the greed is to make a trade plan and then sticking to it even in case of hitting your SL. That's how we can prevent over trading, revenge trading or greed for more.
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