Greed is a complex emotion, and it can be difficult to self-identify greed, because as humans we are always trying to justify our own actions. Greed can lead to over trading which can cause more loss. Here are 3 steps by which you can control your greed and trade efficiently -
1. Establish a trading strategy to prevent emotional urges from deviating from the strategy.
2. Reduce the magnitude of your trades; this will help you trade less emotionally indulgently.
3. Maintain a trading diary. It will help you keep track of their trades, identify what is working, and make adjustments to ineffective techniques.