Greed Is Good? How to Handle It

via SMB Capital – Day Trading Blog:

One of the most iconic images people have of Wall Street is the scene from the first Wall Street film where Gordon Gecko delivers his infamous monologue that begins like this, “Greed, for the lack of a better word, is Good”. Since greed and it’s first cousin fear still drive markets, it does serve a purpose in terms of creating opportunities for those who understand its nature. When it comes to short term speculation on the other hand, it can be very counterproductive to your performance.

How many of you can relate to the following situation? You enter a trade based on your plan. Everything has lined up. It is an intraday Read more [...]

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SMB Capital – Day Trading Blog

Greed Is Good? How to Handle It

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