One need to identify the greed emotion and make an effort to control it as a trader is not fighting with the market but is fighting with own emotions.
Today we gave a Buy call in CE 33000 in Bank Nifty Option tip which was given below 290 level and it touched a high of approx 820. We got a few calls which stated that probably we exited early at 600 level and we thought to write on the issue.
Just remember that we have to follow a system and we go as per that technique as following a system is most important as ultimately it is the discipline which is going to help you throughout life to become a profitable trader. We identify the right set up and ride it till the time it is better to get out as we never want a profit making position to become a loss making position. Always remember that the cost of discipline is always less than the cost of regret and same is applicable in totality in stock market.
Please remember that none can capture the top or the bottom and only way you can make real wealth is to have consistent profitable days.
The video below is a must watch as it helps you to identify the greed factor and also gives you a way out how this greed element is to be handled.
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