How to control the emotion of greed when running profits

[Kabza12x]

How do control greed especially when running profita

 

[Nightale]

set target for profit. When the target reached, stop trading for the day

 

[prepster6]

set target for profit. When the target reached, stop trading for the day

That is smart. I would like to add some people do multiple take profits. For example, have 1 take profit lets say 50 pips away and another 120 pips away. Set 2nd TP trade to break even stop loss once TP1 has been hit.

 

[mikoangelo]

Set SL, set TP, close trading platform, live your life

 

[pippin]

How do control greed especially when running profita

You don't need to control your emotions in a trade when you know your profit and stop loss target. Rule-based trading exempts you from unneeded actions like monitoring price for exits.

 

[cupcake]

set target for profit. When the target reached, stop trading for the day

what If market gives you confirmation that it's going to continue in the direction you said I would, then do you still close or let it run?

 

[Fin_Trader]

Don't increase your trading volume after a successful series of trades, guided by euphoria. Take breaks after a series of profitable trades to avoid emotional decisions.

 

[Jonathan Lee]

Controlling greed in trading requires discipline. Set a clear take-profit level and stick to it. Use trailing stops to lock in gains. Focus on long-term consistency rather than short-term gains. Follow a trading plan, avoid impulsive decisions, and remind yourself that markets are unpredictable.