{"id":665512,"date":"2025-08-26T09:59:01","date_gmt":"2025-08-26T07:59:01","guid":{"rendered":"https:\/\/ftmo.com\/?p=665512"},"modified":"2025-08-27T13:15:52","modified_gmt":"2025-08-27T11:15:52","slug":"dont-fall-into-the-trap-of-greediness","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/dont-fall-into-the-trap-of-greediness\/","title":{"rendered":"\u201cDon\u2019t fall into the trap of greediness\u201d"},"content":{"rendered":"
FTMO Traders know that the key to long-term success isn\u2019t luck, but discipline, patience, and strong psychology. In this Q&A, four traders share how avoiding greed, trusting their process, and mastering their emotions helped them succeed in the Evaluation Process.<\/span><\/em><\/p>\n How did loss limits affect your trading style?<\/strong><\/p>\n I was thoughtful about my actions and knew what I could risk and what not.<\/span><\/p>\n What do you think is the most important characteristic\/attribute to become a profitable trader?<\/strong><\/p>\n Discipline and self-control.<\/span><\/p>\n Has your psychology ever affected your trading plan?<\/strong><\/p>\n It was steady. But once you start going well you have to stay human and don\u2019t get too greedy.<\/span><\/p>\n Describe your best trade.<\/strong><\/p>\n My best trade was a bundle of 3 where I saw the volume go up and up and entered sales where in a short period of time the TP\u2019s were fulfilled and could call it a day.<\/span><\/p>\n How did you eliminate the factor of luck in your trading?<\/strong><\/p>\n By following my trading rules and counting in the confluences. Which makes me able to predict the market most of the time.<\/span><\/p>\n What would you like to say to other traders that are attempting the FTMO Challenge?<\/strong><\/p>\n Don\u2019t fall into the trap of greediness or temptation to trade more\/over trade. Take the time to reset and climb even higher instead of sinking lower.<\/span><\/p>\n What was easier than expected during the \u00a0FTMO Challenge or Verification?<\/strong><\/p>\n Managing my emotions and staying disciplined was easier than expected once I trusted my trading plan.<\/span><\/p>\n What does your risk management plan look like?<\/strong><\/p>\n I risk 0.25-1% per trade with a fixed stop-loss and aim for at least a 2:1 reward-to-risk ratio.<\/span><\/p>\n Do you have a trading plan in place, and do you follow it strictly?<\/strong><\/p>\n Yes, I follow my trading plan and take setups that meet all my criteria.<\/span><\/p>\n What do you think is the key for long term success in trading?<\/strong><\/p>\n Consistency and discipline are the keys to long-term success in trading.<\/span><\/p>\n What do you think is the most important characteristic\/attribute to become a profitable trader?<\/strong><\/p>\n Patience; waiting for high-probability setups and not forcing trades.<\/span><\/p>\n What would you like to say to other traders that are attempting the \u00a0FTMO Challenge?<\/strong><\/p>\n Trust your process, stay disciplined, and don\u2019t let emotions control your trading.<\/span><\/p>\n How did you eliminate the factor of luck in your trading?<\/strong><\/p>\n I have eliminated the luck factor through discipline, consistency, and a clear strategy without taking excessive risks. By applying fundamental analysis, relying on clear statistics, and reevaluating through backtesting. Everything depends on how each person observes the chart. For example, I am a good analyst, thank God, and I can identify and prevent incidents that may lead to overtrading.<\/span><\/p>\nTrader Eldert: \u201cStay human and don\u2019t get too greedy.\u201d<\/span><\/h2>\n
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Trader Ulrich: \u201cConsistency and discipline are the keys to long-term success.\u201d<\/span><\/h2>\n
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Trader Sami: \u201cWith patience, you can cross the sea.\u201d<\/span><\/h2>\n
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