Blaming (wrongly) a Bad Trading Strategy on Greed

Why is day trading so hard? Let’s take a look at one of the several reasons. In order to find success as a day trader, you need to have a valid strategy. I understand I state the obvious when I say that; however, building a valid strategy is extremely difficult. If you are a beginner day trader who is just getting started, strategy building becomes that much more difficult. When you’re new and don’t know what you don’t know, part of that is not even knowing what the “actual” problem is within a strategy. As you’ll see in this video, I take a real life example of a beginner trader blaming greed for their issues when greed is not the actual issue. The comical irony here is he was actually being a disciplined trader, but, he blamed greed! How is this possible? Let’s take a look at a case study of why it’s important to know what to blame when you’re having problems.