Have you ever done let a winner turn into a loser? We all probably have especially in the beginning of our trading careers. This is one of the first steps in learning how to manage a trade and use good money management techniques. When you let a trade move against you that means that it was positive at one time then it moved negative now you are dealing with a loss. This can fall in the area of greed. We did not want to settle for a small win so we took a loss and hope it is not a large loss. Of course, inevitably you now hesitate and the trade further deteriorates into a substantial loss. Each trade is only one trade. There will be many more trades come along all the time. There is no need to be greedy. No one trade should make or break your trading account. So don’t be greedy.
