 Greed What's up money geeks? Mr. V here. Welcome to another video guys. So into this video I want to take a moment and talk to you guys about Not giving back your profit once you have made some money in the market Because this is a question that I get from a lot of you guys. Hey, Mr. V I traded and then I saw some opportunities went back and ended up giving back all my profit and even losing money in the process So I want to kind of talk through this a little bit But before we get started guys, if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. So when you start trading the first thing that you want to do is In my opinion, you want to set your goal, right? And I'm assuming that you've done all the legwork of Practicing establishing your strategy and testing it in a simulator and making sure that you know exactly what you're doing And then when you get into no trading real time with real money You have to establish your goal. What do you want to achieve in the market? If your goal is to make income you set a target for that income I don't want you just blindly go and trade and think you want to make a thousand dollars Set your goal and because that's that discipline of setting your goal is really gonna guide you Again, you guys know my goal is two hundred and fifty Some days the market gives me more some days the market gives me less But again, I try to average it every week to see if I can get two hundred and fifty dollars In I'm not a greedy salvation. You guys know that The idea here is that for people that go in the market and it's so greedy The market knows how to treat you the market is gonna take advantage of you The market is gonna smack you in the head. You won't even believe it If you go in take what the market gives you and and get out So people that go in and without a goal in mind those are the people that are gonna lose money So set your goal in my case 250 so if I get up in the morning, I'm feeling good. I look at my my my watchlist It's all looking good the stocks that I want to trade everything is set and again I'm gonna go through the process and I make sure that Then I had some good sleep. My mind is in the right place. I'm reading my charts correctly I'm setting you know, maybe looking where for the stocks that want to trade. I'm looking at the support I'm looking at the resistance. I'm looking at my entry point And that's how you have to attack it So you're ready you put your trades and you go in you make some profit as Soon as you hit your goal Most often than not you are tempted to want to go back again and trade that particular stock Or in other cases, even if you don't meet your goal, but you make profit Then you want to go back again in that same stock So the idea is for you not to be a greedy savage once you make your daily goal I want you to stop trading because you're gonna run into a situation where the stocks that you trade and make profit That's the same stock that's gonna turn around and burn you if you go back and start over trading it When you make your profit be happy be content. Don't be a greedy savage walk away It most often than not what I do is I actually take that stock out of my watch list I go in my watches and delete that stock and so that I don't see them and track them again because they could be gapping If you're greedy savage, then you might see gapping you want to jump back in again But I'm not that way take my profit and work away because trust me So this happened to a lot of people not just you so What I'm saying is be content with the profit that you make most often than not again If you have a goal of say you want to make two fifty two hundred fifty dollars a day You don't have to make it in one trade. You can do multiple trades You can go in in one trade you make seventy five dollars. You go in in two trades. You another trade You make seventy five dollars. That's 150 just like that. You add it up So you can do four or five trades in that take and for the most part that should usually happen within an hour or two And most often than not once you start trading beyond that that is where you start giving money back to the market Because hey the stock is already gap all the way to the top Short sellers come in and then they're gonna just pump it up a little bit and you think oh It looks like it's gonna make a move again They jump in and the short sellers like just knock the thing down and start taking their profit as the price of Collapses so I want you to be very very careful again Don't get into the whole mindset of over trading over trading is as a disease for traders And you can overcome that by one setting your goal setting your your your daily goal How much you want to make once you hit that number get out? Don't sit in the market and try to make thousands of dollars because that's when you end up losing money number two Make sure that you follow your game plans stick to your game plan Some days the market is gonna be good to you and some days market is gonna be bad So set your your daily goal how much are you willing to lose in your account if you say, okay? If I lose a hundred dollars, that's it for the day. I'm done Don't go trying to do what they call revenge trading because revenge trading is gonna It's just gonna get you down the rabbit hole and you're gonna keep losing more money So if you say I want to lose a if the max that can lose is a hundred dollars for a day if you hit that max stop Walk away from your computer go do some other stuff and then leave to die another day tomorrow be another day We get a clear shot great opportunity and not chasing a stock because the stock took money away from you So that's the mentality of not giving back your profit. So let me do the conversation What do you guys think like what has been the biggest challenge for you to keeping your profit? Is it no not having the discipline of living or getting out of the market when you are up? Or is it just not being disciplined or not having a game plan? Let me know in the comment section again If you're new to the channel take about how to earn money how to save money how to invest and build wealth So if you got something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on your content and also if you're looking to get started with investing We both is currently running your promotion right now where you get two free stocks Not one two when you open your account and deposit a hundred dollars Somewhere between eight dollars and sixteen hundred dollars. So it's kind of like a draw They just draw it randomly and you can average as I've seen is about twelve thirteen dollars. So again, it's free So I'll put the links in the description. Definitely go check it out. And as always guys, don't be a greedy savage Stay motivated