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r/wallstreetbetsr/wallstreetbets· u/DisastrousDebate69· 5d agoDiscussion 0

Greed

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Trader vents about psychological struggle with greed, noting that overtrading after hitting daily profit goals causes losses despite having a working strategy.

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Just venting a little.

I’ve come to realize most of my losses aren’t because I can’t trade. They’re because I get greedy.

I know what my daily goal is. $1,000 in a day is completely achievable for me.

The problem isn’t getting there.

The problem is what happens after I get there.

I’ll be up $1,000, look at my account, see another $10,000 sitting there, and think:

“Why stop?”

“The setup is still there.”

“What’s another trade?”

“If I can make $1,000, why not $2,000?”

And that’s usually where things start going sideways.

Not because I suddenly forgot how to trade.

Not because my strategy stopped working.

Because the goal changed.

I started the day wanting to make $1,000.

I made the $1,000.

Then somehow that wasn’t enough anymore.

It’s weird because if you asked me a few years ago if I’d be happy making $1,000 in a day, I’d have laughed. I would’ve thought that was an incredible day.

Now I hit it and Its rare i accept 1,000 and move on.

The itch doesn’t go away.

Youd think it would.

It’s a simple philosophy, $1k a day, at a year you should be out of any hole. (Back story, down like 80k all time, can’t accept the story as down & out) I can’t make it past 5 days of 1k green before discipline goes out the window, & greed in. Since 5/27 I’ve had seen 1k profit every trading day. I’ve had 2 red days in that period, & I was up 1500+ both days and over traded into a loss.

That’s insane when you really think about it.

Im more upset about missing out on another $2,000 than I was happy about making the first $1,000, 7/10 x.

Just been realizing that my biggest enemy isn’t the market.

It’s that voice that shows up after a win and says:

“One more.”

Not here to beef, but yea, definitely factor greed into any loss I’ve had after 2024.

Still working on it.

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